R.E. Dickinson Investment Advisors (Dickinson Advisors) is a registered investment adviser with its principal place of business located in Iowa. We are also registered in the states of Arizona, Florida, Nebraska, and Texas. Dickinson Advisors began conducting business in 1998. Listed below are the firm's principal shareholders (i.e., those individuals and/or entities controlling 75% or more of this company). This individual directly owns Dickinson Holdings, Inc. and indirectly owns more than 50% of Dickinson Advisors:
• Ronny (Ron) E Dickinson, Manager and Chief Compliance Officer of Dickinson Advisors This individual directly owns Piatkowski Holdings, Inc, and indirectly owns more than 25% of Dickinson Advisors:
• David Piatkowski, Managing Member Tailored Relationship Services Under the Tailored Relationship Services, Dickinson Advisors offers asset management services, which involves Dickinson Advisors providing you with continuous and ongoing supervision over your specified accounts. (Our Tailored Relationship Services was formerly known as “Investment Supervisory Services” or “ISS”.) You must appoint our firm as your investment adviser of record on specified accounts (collectively, the “Account”). The Account consists only of separate account(s) held by qualified custodian(s) under your name. The qualified custodians maintain physical custody of all funds and securities of the Account, and you retain all rights of ownership (e.g., right to withdraw securities or cash, exercise or delegate proxy voting and receive transaction confirmations) of the Account. The Account is managed by us based on your financial situation, investment objectives and risk tolerance. We actively monitor the Account and provide advice regarding buying, selling, reinvesting or holding securities, cash or other investments of the Account. The Account supervision is guided by the client's stated objectives (i.e., maximum capital appreciation, growth, income, or growth and income), as well as tax considerations. We will need to obtain certain information from you to determine your financial situation and investment objectives. You will be responsible for notifying us of any updates regarding your financial situation, risk tolerance or investment objective and whether you wish to impose or modify existing investment restrictions. However, we will contact you at least annually to discuss any changes or updates regarding your financial situation, risk tolerance or investment objectives. We are always reasonably available to consult with you relative to the status of your Account. You have the ability to impose reasonable restrictions on the management of your accounts, including the ability to instruct us not to purchase certain securities. Under the Tailored Relationship Services, the Account will be managed by Dickinson Advisors utilizing mutual funds, exchange traded funds (“ETFs”), stocks, bonds, preferred securities and alternative asset classes such as master limited partnership and non-traded REITs. Clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. Under the Tailored Relationship Services, our investment recommendations are not limited to any specific product or service offered by a broker-dealer or insurance company and will generally include advice regarding the following securities: Exchange-listed securities Securities traded over-the-counter Foreign issuers
• Warrants
• Corporate debt securities (other than commercial paper)
• Commercial paper
• Certificates of deposit
• Municipal securities
• Variable annuities
• Mutual fund shares
• United States governmental securities
• Options contracts on securities
• Interests in partnerships investing in real estate
• Interests in partnerships investing in oil and gas interests In addition to those items above, Dickinson Advisors may offer investment advice on any other product that is deemed appropriate by advisor in order to address the specific needs, goals, and objectives of the client. Because some types of investments involve certain additional degrees of risk, they will only be implemented/recommended when consistent with the client's stated investment objectives, tolerance for risk, liquidity and suitability. It is important that you understand that we manage investments for other clients and may give them advice or take actions for them or for our personal accounts that is different from the advice we provide to you or actions we take for you. We are not obligated to buy, sell or recommend to you any security or other investment that we may buy, sell or recommend for any other clients or for our own accounts. Conflicts may arise in the allocation of investment opportunities among accounts that we manage. We strive to allocate investment opportunities believed to be appropriate for your account(s) and other accounts advised by our firm among such accounts equitably and consistent with the best interests of all accounts involved. However, there can be no assurance that a particular investment opportunity that comes to our attention will be allocated in any particular manner. If we obtain material, non-public information about a security or its issuer that we may not lawfully use or disclose, we have absolutely no obligation to disclose the information to any client or use it for any client’s benefit. As part of the Tailored Relationship Services, Dickinson Advisors will provide you with a written financial plan upon your request. The plan will focus upon retirement cash flow projections. The written financial plan offered under this program is not comprehensive and will only cover retirement cash flow projections. To the extent that Client retains Dickinson & Clark CPAs to prepare an annual income tax return and Dickson Advisors currently manages $250,000 or more of assets in your account under the Tailored Relationship Services program, Dickinson Advisors will pay Dickinson & Clark CPAs its standard fee for preparation of a basic Form 1040 return. Dickinson & Clark CPAs is an associate of Dickinson Advisors. Supervised Portfolios Services Under the Supervised Portfolios Services, Dickinson Advisors offers a limited asset management service as described below, which involves Dickinson Advisors providing you with continuous and ongoing supervision over your specified accounts. You must appoint our firm as your investment

adviser of record on specified accounts (collectively, the “Account”). The Account consists only of separate account(s) held by qualified custodian(s) under your name. The qualified custodians maintain physical custody of all funds and securities of the Account, and you retain all rights of ownership (e.g., right to withdraw securities or cash, exercise or delegate proxy voting and receive transaction confirmations) of the Account. The Account is managed by us based on your financial situation, investment objectives and risk tolerance. We actively monitor the Account and provide advice regarding buying, selling, reinvesting or holding securities, cash or other investments of the Account. We will need to obtain certain information from you to determine your financial situation and investment objectives. You will be responsible for notifying us of any updates regarding your financial situation, risk tolerance or investment objective and whether you wish to impose or modify existing investment restrictions. However, we will contact you at least annually to discuss any changes or updates regarding your financial situation, risk tolerance or investment objectives. We are always reasonably available to consult with you relative to the status of your Account. You have the ability to impose reasonable restrictions on the management of your accounts, including the ability to instruct us not to purchase certain securities. The Account will be managed by Dickinson Advisors utilizing exchange traded funds (“ETFs”) and mutual funds when an ETF is not available. Unlike the Tailored Relationship Services, the investment management services under this Supervised Portfolio Services model do not include managing Client’s Account utilizing alternative asset classes such as master limited partnership and non-traded REITs unless otherwise agreed upon by Dickinson Advisors. It is important that you understand that we manage investments for other clients and may give them advice or take actions for them or for our personal accounts that is different from the advice we provide to you or actions we take for you. We are not obligated to buy, sell or recommend to you any security or other investment that we may buy, sell or recommend for any other clients or for our own accounts. Conflicts may arise in the allocation of investment opportunities among accounts that we manage. We strive to allocate investment opportunities believed to be appropriate for your account(s) and other accounts advised by our firm among such accounts equitably and consistent with the best interests of all accounts involved. However, there can be no assurance that a particular investment opportunity that comes to our attention will be allocated in any particular manner. If we obtain material, non-public information about a security or its issuer that we may not lawfully use or disclose, we have absolutely no obligation to disclose the information to any client or use it for any client’s benefit. Investment Supervisory Services This service is for clients contracted before 2015 who have not elected the Tailored or Supervised Services. Our firm provides continuous advice to a client regarding the investment of client funds based on the individual needs of the client. Through personal discussions in which goals and objectives based on a client's particular circumstances are established, we develop a client's personal investment goals and create and manage a portfolio based on those goals. During our data-gathering process, we determine the client’s individual objectives, time horizons, risk tolerance, and liquidity needs. As appropriate, we also review and discuss a client's prior investment history, as well as family composition and background. We manage these advisory accounts on a discretionary basis. Account supervision is guided by the client's stated objectives (i.e., maximum capital appreciation, growth, income, or growth and income), as well as tax considerations. Clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. Our investment recommendations are not limited to any specific product or service offered by a broker-dealer or insurance company and will generally include advice regarding the following securities:
• Exchange-listed securities
• Securities traded over-the-counter
• Foreign issuers
• Warrants
• Corporate debt securities (other than commercial paper)
• Commercial paper
• Certificates of deposit
• Municipal securities
• Variable annuities
• Mutual fund shares
• United States governmental securities
• Options contracts on securities
• Interests in partnerships investing in real estate Interests in partnerships investing in oil and gas interests In addition to those items above, Dickinson Advisors may offer investment advice on any other product that is deemed appropriate by advisor, in order to address the specific needs, goals, and objectives of the client. Because some types of investments involve certain additional degrees of risk, they will only be implemented/recommended when consistent with the client's stated investment objectives, tolerance for risk, liquidity and suitability. Introductory Financial Planning and Consulting At its discretion, Dickinson Advisors may offer to provide a prospective client with a limited introductory financial plan, which will focus only upon retirement cash flow projections. It may be presented in writing which includes electronic format. You should be aware that the limited introductory financial plan provided is not comprehensive and that other important issues may not be taken into consideration when Dickinson Advisors analyzes or develops recommendation as part of the financial plan covering only retirement cash flow projections. Limited introductory financial plans prepared by Dickinson Advisors under this service do not typically include specific recommendations of individual securities. Dickinson Advisors may also provide a one-time introductory consultation to a prospective client in order to discuss financial planning issues. The one-time consultations will cover the specific areas of concern related to investments or financial planning that are outlined in the executed client agreement. AMOUNT OF MANAGED ASSETS As of 12/31/2022, we were actively managing $307,607,486 of assets on a discretionary basis for 516 clients plus $15,995,914 of assets on a non-discretionary basis for 22 clients.