Our Fiduciary Obligation

As an SEC-registered investment adviser under the Investment Advisers Act of 1940, Intellicapital Advisors, LLC owes a fiduciary duty to every client. This is a legal obligation — not a marketing label.

• Duty of Care: The obligation to provide advice that is in the client's best interest, based on a thorough understanding of the client's financial situation, investment objectives, and risk tolerance.
• Duty of Loyalty: The obligation to place the client's interests ahead of the firm's own interests, to avoid conflicts of interest, and to fully disclose any material conflicts that cannot be avoided.

Intellicapital Advisors does not receive commissions, sales charges, 12b-1 fees, revenue sharing, or product-based compensation from any third party. The firm's compensation is derived solely from advisory fees paid by clients.

Specifically, Intellicapital Advisors does not accept:

• Commissions on securities or insurance products
• 12b-1 fees or mutual fund distribution fees
• Revenue sharing from custodians or product sponsors
• Soft-dollar compensation
• Referral fees from other professionals

When annuities are appropriate for a client's situation, IAL sources commission-free annuities through DPL Financial Partners. IAL receives no commission or compensation from DPL or any annuity carrier.

Client assets are held at independent qualified custodians. Intellicapital Advisors does not take custody of client funds.

• Charles Schwab & Co., Inc. — Qualified Custodian
• Fidelity Investments — Qualified Custodian

AdvisorLaw, LLC serves as outside compliance counsel, supporting the firm through periodic compliance reviews, policy guidance, and cco consultation. Intellicapital's Chief Compliance Officer retains responsibility for the firm's compliance program.

Intellicapital Advisors, LLC is registered with the SEC (CRD# 316908). You can verify our registration, review our Form ADV, and check our disciplinary history on the SEC's Investment Adviser Public Disclosure (IAPD) website.