2025 AUDITED BALANCE SHEET

EXENCIAL WEAL TH ADVISORS, LLC BALANCE SHEET December 31, 2025  EXENCIAL WEAL TH ADVISORS, LLC Table of Contents Page Independent Auditor's Report 1 - 2 Balance Sheet 3-4 Notes to Financial Statement 5 - 13  Michael L Mettry CPA 2525 NW Expressway Suite 200 Oklahoma City, OK 73112 INDEPENDENT AUDITOR'S REPORT To the Members of Exencial Wealth Advisors, LLC Opinion We have audited the accompanying balance sheet of Exencial Wealth Advisors, LLC (an Oklahoma limited liability company) as of December 31, 2025, and the related notes to the financial statement. In our opinion, the balance sheet referred to above presents fairly, in all material respects, the financial position of Exencial Wealth Advisors, LLC as of December 31, 2025, in accordance with accounting principles generally accepted in the United States of America. Basis for Opinion We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statement section of our report. We are required to be independent of Exencial Wealth Advisors, LLC and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Responsibilities of Management for the Financial Statement Management is responsible for the preparation and fair presentation of the financial statement in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of the financial statement that is free from material misstatement, whether due to fraud or error. In preparing the financial statement, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Exencial Wealth Advisors, LLC's ability to continue as a going concern within one year after the date that the financial statement is available to be issued. Auditor's Responsibilities for the Audit of the Financial Statement Our objectives are to obtain reasonable assurance about whether the financial statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statement. In performing an audit in accordance with generally accepted auditing standards, we: • Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statement, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Exencial Wealth Advisors, LLC's internal control. Accordingly, no such opinion is expressed.  • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statement. • Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about Exencial Wealth Advisors, LLC's ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit. ~~ Oklahoma City, OK 7- March 12, 2026 2  EXENCIAL WEAL TH ADVISORS, LLC BALANCE SHEET December 31, 2025 ASSETS CURRENT ASSETS $ Cash and cash equivalents Accounts receivable Due from Parkstone Investments Members' notes receivable, current portion Prepaid expenses Total Current Assets 1,896,054 553,945 249,001 2,057,099 406,342 5,162,441 PROPERTY AND EQUIPMENT Computers and office equipment Furniture and fixtures Leasehold improvements Less accumulated depreciation 186,418 228,591 208,600 623,609 (451,730) 171,879 Net Property and Equipment OTHER ASSETS Members' notes receivable, long-term portion Goodwill net of $21,839,172 accumulated amortization Loan origination fees net of $695,348 accumulated amortization Other Investments Deposits 34,059,471 35,851,857 666,736 2,359 48,572 70,628,995 Total Other Assets $ 75,963,315 TOTAL ASSETS See independent auditor's report and notes 3  EXENCIAL WEAL TH ADVISORS, LLC BALANCE SHEET December 31, 2025 LIABILITIES AND EQUITY CURRENT LIABILITIES $ Accounts payable Accrued liabilities Current portion, long-term debt Deferred acquisition payments, short-term 631,159 660,967 2,765,932 3,344,682 7,402,740 Total Current Liabilities LONG-TERM LIABILITIES Deferred acquisition payments Long-term debt 2,365,115 28,591,531 30,956,646 Total Long-Term Liabilities 38,359,386 Total Liabilities EQUITY 37,603,929 37,603,929 Members' equity Total Equity $ 75,963,315 TOTAL LIABILITIES AND EQUITY See independent auditor's report and notes 4  EXENCIAL WEALTH ADVISORS, LLC Notes to Financial Statements December 31, 2025 A. Nature of Activities and Significant Accounting Policies Organization and Basis of Presentation: Exencial Wealth Advisors, LLC (the "Company") was formed as an Oklahoma limited liability company on April 3, 2014, by Burns Wealth Management, Inc., an Oklahoma corporation. The Company is treated as a partnership for federal income tax purposes. Burns Wealth Management, Inc. owns approximately 69.6% of the members' units as of the end of the year. The Company is an SEC-registered investment advisor and manages domestic equity and balanced portfolios for institutional and high-net-worth individuals throughout the United States of America. The Company currently has offices in Oklahoma, Texas, California, Connecticut, and North Carolina. As a limited liability company, the members are not personally liable for any of the debts, obligations, losses, claims, or judgments on any of the liabilities of the Company, whether arising in tort, contract, or otherwise, except as provided by law. Accounting Standards: The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America. The accounting policies for these items and other significant accounting policies of the Company are presented below. The Financial Accounting Standards Board's ("FASS") Accounting Standards Codification ("Codification") is the official source of authoritative, nongovernmental accounting principles generally accepted in the United States of America ("US GAAP"). Accounting Estimates: Management uses estimates and assumptions in the preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates. Significant estimates consist of estimated fair value allocations allocated to intangible and tangible assets and liabilities, and the estimated period of amortization of intangible assets. It is at least reasonably possible that the estimates used will change in the near term, and the changes could be significant to the financial statements. Revenue Recognition: The Company primarily bills customers in advance for services quarterly. Revenue is recognized over the term of the fee agreement. The Company records deferred revenue for the portion of advanced billings with a service period extending beyond the reporting period. 5  EXENCIAL WEAL TH ADVISORS, LLC Notes to Financial Statements December 31, 2025 Cash and Cash Equivalents: For the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. At various times during the year, cash in the bank exceeded the federally insured limits. Property and Equipment: Property and equipment are recorded at cost and depreciated using the straight-line method over their estimated useful lives. Leasehold improvements are amortized over the lesser of the lease term or the estimated useful lives of the respective assets. The cost of property and equipment over $5,000 is capitalized. Maintenance and repairs are charged directly to expenses as incurred, while improvements are capitalized. The cost of the assets and applicable accumulated depreciation are removed from the respective accounts when the assets are retired or disposed. The resulting gain or loss is reflected in operations. There is no written maintenance policy. Loan Origination Fees: Loan origination fees are amortized over ten years by the straight-line method. The effect of loan origination fees amortization for the year ended December 31, 2025 is a decrease in the net book value of loan origination fees, an increase in expenses, and a decrease in net income of $265,567 for the current year's amortization expense. Income Taxes: No provision or benefit for federal income taxes has been included in these financial statements because taxable income or loss passes through to, and is reportable by, the respective members. The Company files federal and state partnership income tax returns in various state jurisdictions. The Company files partnership composite returns for certain states, which results in the respective state income taxes being remitted to the state by the Company on behalf of the respective members. Fair Value of Financial Instruments: The Company currently does not measure any of its assets or liabilities at fair value and is not required under generally accepted accounting principles to disclose the fair value of its financial instruments. Professional standards allow entities the irrevocable option to elect to measure certain financial instruments and other items at fair value for the initial and subsequent measurement on an instrument-by-instrument basis. The Company has not elected to measure any newly acquired financial instruments at fair value. However, it may elect to measure newly acquired financial instruments at fair value in the future. Advertising Expense: Advertising costs are expensed as incurred. 6  EXENCIAL WEAL TH ADVISORS, LLC Notes to Financial Statements December 31, 2025 Subsequent Events: Effective February 2, 2026, the members of the Company entered into an Asset Purchase Agreement with Savant Capital Holdings, LLC and Savant Capital, LLC (together "Savant"). The tentative closing date is March 31, 2026, at which time any ongoing business operations of the Company related to the sold assets will cease. Under terms of the agreement, the Company agrees to sell, convey, transfer, assign and deliver substantially all of the client and prospective client lists and compilations of all data, analysis, reports, and other relevant information; intellectual property, licenses and sublicenses; all rights under each investment advisory contract between the Company and consenting clients, office lease agreements; and all books and records of the Company and any other proprietary information. Under the terms of the agreement, the Company retains responsibility for all liabilities of the Company not specifically acquired by Savant. The Company intends to pay all retained liabilities, including any debt obligations, with the proceeds of the sale. All employees and key members of the Company have been offered employment with Savant. The Company does not anticipate the creation of any new material obligations as a result of the sale. The members are responsible for any tax liabilities incurred as a result of the sale. The Company has evaluated subsequent events through March 12, 2026, which is the date these financial statements were available to be issued. All subsequent events requiring recognition or disclosure have been included in these financial statements. B. Revenue from Contracts with Customers The Company primarily bills customers quarterly in advance for services. Revenue is recognized over the term of the fee agreement. The Company records deferred revenue for the portion of advance billings with a service period extending beyond the reporting period. Wealth management fees are calculated as a percentage of assets under management, tailored to the size and complexity of the client's portfolio. Financial planning fees are a one-time nominal fee, with more complex clients requiring additional and recurring planning services. Tax preparation fees are priced according to the complexity of the client's tax needs. The Company has contracts with customers to provide investment management services. The Company's performance obligations are to provide a financial plan tailored to each customer's needs and then provide an ongoing investment management service. The Company reviews and communicates investment strategies with its customers for a fee. The transaction price (i.e., management fees) is determined based on the terms in the contract, which are generally based on a percentage fee tier relative to the fair market value of the assets under management at the beginning of each quarter. The Company recognizes revenues in the period the services are delivered, which is when the performance obligation is considered complete. 7  EXENCIAL WEAL TH ADVISORS, LLC Notes to Financial Statements December 31, 2025 C. Related Party Transactions Burns Wealth Management, Inc. owns approximately 69.6% of the member units as of the end of the year. Burns Wealth Management, Inc. is owned by John F. Burns, Jr., and an irrevocable trust that benefits his family. Mr. Burns serves as Chief Executive Officer of Exencial Wealth Advisors, LLC., and is also a director of the Company. A monthly management fee is paid to Burns Wealth Management Inc. in lieu of compensation for Mr. Burns' services. The Company has a revolving credit facility with BWM Financial, LLC, which is owned 100% by Burns Wealth Management, Inc., for its respective shares. In addition, BWM Financial, LLC has separate installment loans due to the Company for debt obligations for the asset acquisitions of Shoreline Wealth Advisors, LLC, and Weinheimer Wealth Management, Inc. These loans are secured by the underlying individual loans from certain members with BWM Financial, LLC for their respective share of these acquisitions. The landlord for the Oklahoma City office is GB Investments, LLC, which Mr. Burns and his wife own. Rents paid by the Company amounted to $240,000 for the year ending December 31, 2025. The current lease expires June 30, 2028, and is renewable at that time. D. Notes Receivable from BWM Financial, LLC The Company has entered into lending agreements effective January 2, 2024, with BWM Financial, LLC, which is owned 100% by Burns Wealth Management, Inc. The installment loans provided funding for the benefit of electing members to participate in the Shoreline Wealth Advisors, LLC (Shoreline) and Weinheimer Wealth Management, Inc. (Weinheimer) acquisitions which took place on February 17, 2023, and December 15, 2023, respectively. The loans are secured by the individual member installment loans by BWM Financial, LLC, as lender, and the underlying units owned and pledged by the respective members of the Company. The Shoreline installment loan had an original balance of $4,591,416 and a balance of $4,103,040 as of December 31, 2025. The interest rate is 3.77%, and the Company earned $197,539 for the year ended December 31, 2025. Terms of the note are for monthly installments currently at $33,318 per month through January 25, 2025, increasing to $41,607 per month beginning February 25, 2025, and $50,219 beginning February 25, 2026. The final installment is due January 15, 2033. 8  EXENCIAL WEALTH ADVISORS, LLC Notes to Financial Statements December 31, 2025 The Weinheimer installment loan had an original balance of $19,782,311 and a balance of $18,735,203 as of December 31, 2025. The interest rate is 3.77%, and the Company earned $625,564 for the year ended December 31, 2025. Terms of the note are for monthly installments currently at $164,612 through December 25, 2025, increasing to $192,346 beginning January 25, 2026, and $223,320 beginning January 25, 2027. The final installment is due December 25, 2033. E. Notes Receivable from Members Certain members participated in various asset purchases. The purchases were originally funded by a bank, and each of the respective members who participated incurred a note with Exencial Wealth Advisors, LLC, for their share of the purchase price. The notes are payable in monthly installments over 10 years, with final payment due in 2030 and 2033. The notes are secured by the respective members' ownership of Exencial Wealth Advisors, LLC. F. Deferred Acquisition Payments The Company, through prior years' acquisitions, has assumed obligations for future performance payments. The amounts reported as liabilities are based on the contractual agreements of the related acquisitions. G. Retirement Plan The Company sponsors a defined 401 (k) savings plan, which is available to all employees meeting certain eligibility requirements as defined by the plan document. Under the plan, the Company makes contributions to the plan equal to employee contributions up to a limit of 3% of participant compensation. The Company's contributions totaled $472,411 for the year ended December 31, 2025. 9  EXENCIAL WEAL TH ADVISORS, LLC Notes to Financial Statements December 31, 2025 H. Goodwill The Company adopted the accounting alternative offered to nonpublic entities for the subsequent measurement of goodwill. Following this alternative, the Company amortizes goodwill over ten years on a straight-line basis. It only evaluates goodwill for impairment at the entity level when a triggering event occurs. The Company adopted an accounting alternative that allows it to evaluate goodwill impairment triggering events only at the end of each reporting period. Goodwill is calculated as the excess of the purchase price paid over the identifiable net assets recognized. The goodwill recorded as part of the transaction primarily reflects the value of the Company's customer list and workforce and future potential earnings. Goodwill is amortized for over 10 years for financial statement purposes and 15 years for tax purposes. Amortization of goodwill was $5,707,372 for the year ended December 31, 2025. Goodwill is expected to be amortized at approximately $5,569,738 annually from 2026 until it is fully amortized. The changes in the net carrying amount of goodwill are as follows: $ $ 57,346,373 344,655 57,691,028 Gross carrying amount Balance January 1 Acquired through business acquisition Balance December 31 $ $ 16,131,799 5,707,372 21,839,171 Accumulated amortization Balance January 1 Amortization expense Balance December 31 $ 35,851,857 Net Goodwill December 31 10  EXENCIAL WEALTH ADVISORS, LLC Notes to Financial Statements December 31, 2025 Leases I. The Company has office lease agreements in various locations. The lease agreements do not include any material residual value guarantees. The Weighted average lease term is 5.80 years. The discount rate is 8.25%, which is the Company loan rate. Lease payments for leases with a term of 12 months or less are expensed on a straight-line basis over the lease term with no lease asset or liability recognized. The following summarizes the operating leases as of December 31, 2025: Operating lease right-of-use assets $ 2,439,472 Operating lease liabilities Current portion Long-term portion 1,173,564 1,265,908 Total operating lease liabilities $ 2,439,472 The maturities of operating lease liabilities that have initial or remaining terms of one year or more as of December 31, 2025 are as follows: 2026 2027 2028 2029 2030 Thereafter $ 1,270,383 814,906 382,991 132,500 137,068 128,469 Total lease payments 2,866,317 Less: Interest (426,845) Present value of lease liability $ 2,439,472 11  EXENCIAL WEAL TH ADVISORS, LLC Notes to Financial Statements December 31, 2025 J. Notes Payable The Company has a note payable to a bank, effective December 22, 2023, with an original balance of $29,664,826 and a balance of $25,775,811 as of December 31, 2025. Proceeds from the note were used to pay off existing debt, fund current-year acquisitions, and build cash reserves. The note agreement has a fixed monthly payment of principal and interest of $366,556 beginning February 1, 2024, and a balloon payment of $11,978,880 due December 22, 2030. The current interest rate is 8.36% per annum. The company incurred a second note payable to the same bank, effective September 30, 2025, with an original balance of $5,596,000 and a balance of $5,535,499 as of December 31, 2025. Proceeds were used by the Company to acquire additional units from a current member. The note agreement has a fixed monthly payment of principal and interest of $67,503 beginning November 1, 2025, and a balloon payment of $2,225,693 due September 30, 2032. The current interest rate is 7.75% per annum. The notes are secured by the Company's assets, including revenue associated with client accounts. In addition, certain partners, including Burns Wealth Management, Inc., and its shareholders, have guaranteed the loan. The Company entered a revolving credit facility with BWM Financial, LLC, effective February 17, 2023. The note agreement provides for a revolving credit facility of up to $12,000,000 at an interest rate of 8.25%. The loan is due on December 31, 2026, and there are no prepayment penalties for payments on the note. As of December 31, 2025, the outstanding principal balance on the note was $46,152 and accrued interest of $11. BWM Financial, LLC is owned 100% by Burns Wealth Management, Inc. The aggregate maturities of notes payable for each of the next five years are as follows: Total Less current portion of Long-Term Debt Non-current portion of Long-Term Debt $31,357,462 2,765,932 $28,591,530 Required principal payments until maturity are: 2026 2027 2028 2029 2030 Thereafter $ 2,765,932 2,954,082 3,202,519 3,484,489 15,702,013 3,248,427 $31,357,462 12  EXENCIAL WEALTH ADVISORS, LLC Notes to Financial Statements December 31, 2025 K. Unit Redemption Agreement On October 4, 2023, the Company agreed to purchase 258,840 units from a current member, which represents their total ownership and approximately 25% of the outstanding units as of the date of the agreement. As of the date of this report, the Company has purchased the following units: 2023 2024 2025 Total 21,384 units 65,856 units 44,799 units 132,039 units $ 2,500,109 7,699,900 5,500,000 $ 15,700,009 The Company intends, but has no obligation, to purchase the remaining 126,801 units. 13