CREWS ADV PART 2 (JULY 2026)

Part 2A Appendix 1 of Form ADV Wrap Fee Program Brochure October, 2026 Crews & Associates, Inc. 4007 N Rodney Parham Rd Little Rock, Arkansas 72212 Phone: 501-907-2000 Website: crewsfs.com This brochure provides information about the qualifications and business practices of Crews & Associates, Inc. (“Crews”). If you have any questions about the contents of this brochure, please contact us at 501-907-2000. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission (“SEC”) or by any state securities authority. Additional information about Crews is available on the SEC’s website at www.adviserinfo.sec.gov. You can search that site by our firm's CRD number, which is 8052. Registration as an investment adviser does not imply a certain level of skill or training. The advisory services described in this brochure and offered by Crews are not deposits or obligations of First Security Bank, Crews’ affiliate, and are not guaranteed by First Security Bank. They are not FDIC insured, and involve investment risks, including the possible loss of the principal amount invested. Item 2. Material Changes Amendments include: Form ADV Brochure Supplement has been updated with information regarding normal-course changes in personnel and supervisors. Effective October 1, 2026, Crews & Associates, Inc’s direct owner, Crews Core Holding Company, officially amended its corporate name in the State of Arkansas to First Security Capital Markets, Inc. The ownership structure, control personnel, Employer Identification Number (EIN) and day-to-day operations will all remain the same. This is strictly an administrative name change and does not impact the Firms business model. As always, please read the remainder of this brochure carefully as additional information has been provided regarding various facets of Crews’ investment advisory business. This section is only intended to identify material changes since the last update of the brochure. Copies of this brochure will be made available by calling 501-907-2000 and may accessed online by visiting crewsfs.com/disclosures/ Crews Form ADV Parts 2A & B (Revised October 2026) 1  Table of Contents Item 2. Material Changes ........................................................................................................... 1 Item 3 Table of Contents …………………………………………...………………………………. 2 Item 4. The Firm and Principal Owners ..................................................................................... 3 Item 5. Fees and Compensation ............................................................................................... 5 Item 6. Performance-Based and Side-By-Side Management .................................................. 7 Item 7. Types of Clients .............................................................................................................. 7 Item 8. Methods of Analysis, Investments Strategies, Risk of Loss ...................................... 8 Item 9. Disciplinary Information .............................................................................................. 12 Item 10. Other Financial Industry Activities and Affiliations ................................................ 13 Item 11. Code of Ethics, Participation or Interest in Client Transactions and Personal Trading……………………………………………………………………………………………......... 14 Item 12. Brokerage Practices ................................................................................................... 15 Item 13. Review of Accounts ................................................................................................... 16 Item 14. Client Referrals and Other Compensation ............................................................... 16 Item 15. Custody ....................................................................................................................... 17 Item 16 Investment Discretion………………………………………………………………………17 Item 17 Voting Client Securities .............................................................................................. 17 Item 18. Financial Information ................................................................................................. 18 Form ADV Part 2B Brochure Supplement .............................................................................. 19 Crews Form ADV Parts 2A & B (Revised October 2026) 2  Item 4. The Firm and Principal Owners Crews is an SEC-registered investment adviser and is wholly owned by First Security Capital Markets, Inc. , non-bank subsidiary of First Security Bancorp of Searcy, Arkansas. Crews is an affiliate of First Security Bank of Searcy, Arkansas. Crews is also a Securities and Exchange Commission (“SEC”) registered broker-dealer that is a member of the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). Crews offers several advisory programs and services to individuals, trusts, non-profits, businesses, and other client types. These programs include non-discretionary and discretionary separately managed accounts. This Brochure describes the services, fees and other compensation, conflicts of interest, and other information clients should consider prior to becoming a client of one or more of Crews’ investment advisory wrap fee programs (each, a “Program” and collectively, the “Programs”). As a registered investment adviser, Crews is a fiduciary to the firm’s investment advisory clients and has an obligation to act in good faith, and in the best interest of the client and to place the client's interests first and foremost. This would include a duty of care, which requires among other things for advisers to ensure that its investment advice is suitable based on the client’s investment profile or mandate. As part of a duty of loyalty to clients, advisers must also attempt to eliminate or make full and fair disclosure of all material facts of any conflicts of interest so a client, or prospective client, can make an informed decision in each particular circumstance. The structure of each Program and other internal controls described in this brochure are designed to support Crews’ ongoing efforts to fulfill its fiduciary duties. This includes actions to either avoid or mitigate material conflicts of interest which may exist between Crews and its clients, and to provide clients with required disclosure of these conflicts of interest. Clients and prospective clients should carefully consider the information set forth in this Brochure in evaluating each of the Programs. Crews’ Financial Advisers (each, a “Financial Adviser,” and collectively, “Financial Advisers”) serve as the primary point of contact for Program clients. Clients are encouraged to carefully read this Brochure in its entirety and contact their Financial Adviser with any questions. Clients are also encouraged to carefully consider the differences between brokerage and investment advisory services including our obligations, costs, and the need for the services provided. For additional information please review the Firm’s Form Client Relationship Summary (“Form CRS”), which provides information about the differences between Brokerage Accounts and advisory accounts (including Program accounts). Generally, the Firm and its Financial Advisers have an incentive to recommend investment advisory services over brokerage services because the Firm and Financial Adviser could receive higher fees for advisory services than brokerage services, and higher fees for some advisory programs than others. Crews Form ADV Parts 2A & B (Revised October 2026) 3  Level of Services Provided to Clients Crews sponsors various Programs. The Programs described in this Brochure are provided to clients in a “wrap fee” arrangement. A wrap fee arrangement is one in which a single fee is charged based on the market value of assets in the client’s account, rather than on the transactions in the account as in a commission account (a “Brokerage Account”). In a Brokerage Account, the total costs will generally increase or decrease as a result of the frequency of transactions in the account and the type of securities purchased. The wrap fee covers advisory services related to the Programs. Advisory services generally include investment advice or counsel provided by Crews investment professionals and/or the client’s financial adviser, portfolio management services provided by one or more persons or firms who may or may not be affiliated with Crews (each, a “Portfolio Manager” and, collectively, “Portfolio Managers”), the execution of client transactions, custody services, account servicing, reporting, and other services. The Programs are either (1) discretionary (collectively, “Discretionary Programs”), in which a client appoints and authorizes Crews or a third- party to make investment decisions with respect to the assets in the client’s account (including authority to buy, sell, or hold securities, as Crews or the third-party manager determines, in its discretion and without notice to the client); or (2) non-discretionary, in which a client appoints Crews to provide investment advice and recommendations relating to the assets in the client’s account, but in which the client retains full authority over the decisions regarding which securities to purchase or sell, and the timing of those transactions. When working with our clients, we discuss and advise you of investment options based on your goals, needs, objectives, risk tolerances, and specific economic situation. Clients have the opportunity to impose restrictions on certain securities or types of securities. Crews offers the following advisory programs: Individual Investment Services Crews Investment Advisory - a client-directed, non-discretionary program where you and your adviser work together on your portfolio using equities, bonds, mutual funds, exchange traded funds (“ETFs”), and unit investment trusts. Investment recommendations are based on your goals, needs, objectives, risk tolerances, and specific economic situation. While the client ultimately makes the investment decisions regarding what to buy, sell and hold within the account, your financial adviser is there along the way to provide professional investment advice based on objective research as well as profiling, asset allocation, investment selection, ongoing monitoring and rebalancing, in coordination with clients. Crews Portfolio Strategy Program Crews Portfolios Advisory - a client-directed, non-discretionary program, in which you and your adviser work together on your portfolio using model portfolios consisting of mutual funds and ETFs. Investment recommendations are based on your goals, needs, objectives, risk tolerances, and specific economic situation. After reviewing these topics with you, your financial adviser will recommend a Crews Model Portfolio allocation ranging from Aggressive Growth to Capital Preservation. You have the option of accepting our recommendations, or selecting an alternative model to specifically fit your needs. Crews will implement your investment decisions, and will not have investment discretion over your account. Crews Form ADV Parts 2A & B (Revised October 2026) 4  We will periodically rebalance your account to maintain your target asset allocation, but only after discussion with you. All advisory services, i.e., investment management and expanded advisory services, are provided under the same customary fee based on assets under management (AUM), which is described below under Item 5. Fees and Compensation. As fiduciaries, Crews has the responsibility to ensure all recommendations made to you are in your best interest. Documenting the due diligence performed on outside managers will demonstrate our ensuring that any third party is a good fit when it comes to managing client portfolios both initially and on an ongoing basis In these programs, you will retain the right to: (1) withdraw securities or cash; (2) vote on shareholder proposals of beneficially-owned security issues, or delegate the authority to vote on such proposals to another person; (3) be provided, in a timely manner, with a written confirmation or other notification of each securities transaction, and all other documents required by law to be provided to security holders; and (4) proceed directly as a security holder against the issuer of any security in your account and not be obligated to join any person involved in the operation of the applicable program, or any other client of the applicable program, as a condition precedent to initiating such proceeding. We will provide you with periodic monitoring and reporting of your portfolio’s performance no less than annually. We are engaged in a wide range of securities services. We may also give advice and act in the performance of our duties to other clients that differ from the advice we give you, or the timing and nature of actions we may take for any of these programs. Additionally, we may be limited in our ability to divulge or act upon certain information we possess because of investment banking activities or other confidential sources. Services Tailored to Individual Client Needs All of our investment recommendations for program accounts are based on an analysis of your individual financial need, as stated in the IPS and in accordance with the Risk Tolerance Questionnaire (See Item 8 “Nitrogen”). They are drawn from research and analysis Crews believes to be reliable and appropriate to your financial circumstances. The recommendations of Crews may be limited if the client does not provide us with accurate and complete information. All clients may impose restrictions on investing in certain securities or types of securities, which is included in Crews’ investment advisory agreement and available for clients to amend at any time through their investment adviser representative. Assets Under Management As of December 31, 2025, Crews manages $181,087,303.00. in assets on a non- discretionary basis and $0.00 assets on a discretionary basis. Crews Form ADV Parts 2A & B (Revised October 2026) 5  Item 5. Fees and Compensation Payment of Fees Crews’ standard fees for our various programs are listed below in Item 5. Under certain circumstances, these fees are negotiable. Lower fees for comparable services may be available from other sources. In client advisory agreements with Crews, clients authorize Crews to deduct fees directly from their accounts on a quarterly basis in advance. As part of this arrangement, Crews will ensure that our clients have provided written authorization for the qualified custodian, Pershing, to debit their accounts. Quarterly, Crews through Pershing sends statements to our clients showing all fees paid from their accounts. Client fees are specifically itemized on the quarterly statements as “Asset Based Fees” for the specific quarter and with the corresponding total asset value for the account. Crews’ pro-rates advisory fees for partial quarters and may pro-rate fees for significant contributions to or withdraws from the accounts, which would be further described in the client agreement, as applicable. In the event an advisory contract is terminated before the end of the billing period, a refund will be prorated based on the number of calendar days remaining in the billing cycle. Crews Investment Advisory Fees Total Account Value Standard Annualized Fee Account Size $50,000 to $100,000 $100,001 to $500,000 $500,001 to $1,000,000 $1,000,001 to $2,000,000 Over $2,000,001 Annual Fee 2.00% of assets 1.75% of assets 1.50% of assets 1.25% of assets Negotiated Crews Model Portfolios Advisory Fees Total Account Value Standard Annualized Fee Account Size $50,000 to $500,000 $500,001 to $1,000,000 $1,000,001 to $2,000,000 Over $2,000,001 Annual Fee 1.75% of assets 1.50% of assets 1.25% of assets Negotiated When an Outside Manager is used, the above fee schedule does not include the Outside Manager’s fee. The Outside Manager’s advisory fees, billing schedule, and payment procedures are set forth in their separate written disclosure documents, advisory agreements, and/or the account opening documents of your account Custodian. At no point will the combined fee charged to the Client exceed 2% of assets under management. When an Outside Manager is used, the Outside Manager will debit your account separately from our firm’s advisory fee. Crews Form ADV Parts 2A & B (Revised October 2026) 6  Other Fees and Expenses. In addition to the Wrap Fee Program fees described above, a client may incur other fees and expenses related to the management and servicing of their account. These other fees and expenses include those related to odd-lot differentials, SEC exchange fees, electronic fund and wire transfer fees, margin interest, transfer taxes, redemption fees imposed by a mutual fund company in relation to trading deemed to be excessive, certain fees in connection with the establishment, administration, or termination of retirement or profit-sharing plans or trust accounting, or other costs or fees imposed under applicable laws or regulations. For example, IRAs participating in a Program will incur an annual IRA maintenance fee. In addition, in connection with the purchase of certain types of securities (such as securities traded over the counter and fixed income securities), the client will bear the cost of any mark-ups, mark-downs and spreads charged by market-makers and dealers. Also, if a transaction in a client account is executed away from Crews (a “step out” trade), other charges may also be incurred. All fees paid to Crews for investment advisory services provided through the Programs are separate and distinct from the fees and expenses charged in relation to assets invested in bank deposit accounts, money market funds, mutual funds, ETFs, private funds, annuities, and private investment partnerships and other pooled investments. These fees and expenses are described in each fund's (or other vehicle’s) prospectus or offering document and will be borne directly or indirectly by their shareholders. These fees will also generally include a management fee, other fund expenses, and potentially a 12b-1 Fee or other marketing and distribution charges. By investing in these types of securities, a client is essentially paying multiple layers of fees and expenses on the assets invested. However, as a matter of Crews’ policy, any new purchases of mutual funds in an advisory account must be in an investment advisory-eligible share class that does not impose a 12b-1 Fee, where such a share class is available. In the event Crews receives a 12b-1 Fee in relation to an existing mutual fund position in an advisory account, the Firm will pass on and rebate the fee to the client. Further information relating to fees and expenses is included in Item 12 under Brokerage Practices and Other Compensation. Item 6. Performance-Based and Side-By-Side Management Crews’ investment adviser representatives are not allowed to accept performance-based fees – that is, fees based on a share of capital gains on or capital appreciation of the assets of a client. Item 7. Types of Clients Crews provides the advisory and portfolio management services described in this brochure to individuals, high net worth individuals, corporations, pension and profit-sharing plans, trusts, estates, charitable organizations, governmental entities, educational institutions, as well as banks or thrift institutions. Crews Form ADV Parts 2A & B (Revised October 2026) 7  Account Requirements The minimum initial account values for the programs described in this document are listed below. Crews may terminate client accounts with written notice if they fall below minimum account value guidelines established by the firm. The minimum account size is negotiable on a case-by-case basis and Crews may make exceptions based on specific circumstances of an account. Crews Investment Advisory IRA $50,000 Non-IRA $50,000 Crews Portfolio Strategy Program $50,000 IRA $50,000 Non-IRA Item 8. Methods of Analysis, Investments Strategies, Risk of Loss Riskalyze – Using Nitrogen, Crews’ investment adviser representatives may build a portfolio, create a proposal, and establish a client risk-tolerance level. Finding and analyzing the client’s risk tolerance helps precisely measure the appetite and capacity for risk that each particular client has and demonstrates their alignment – or need for alignment – with the portfolios the adviser diligently builds for them. The risk tolerance of investors is quantified via an objective, mathematical approach called a risk number. Derived from an interactive questionnaire, the client risk number enables an adviser to have more meaningful conversations with the client based on the underlying risk metrics, helping him or her visualize and comprehend what the adviser may have been trying to describe in the past but without a full picture. As an analogy, one may think of a risk number like a speed limit. Therefore, an 84 would fall on the aggressive end of the spectrum and may call for a portfolio model like the Aggressive Growth. However, a 25 would fall on the conservative end and may call for a portfolio model like the Income with Capital Preservation. When the client’s risk number is generated, it is then compared to the portfolio’s risk level. Various accounts and models can be added to the portfolio to manage the portfolio’s risk level until it is aligned with the client’s risk tolerance. (The adviser creates or rebalances the portfolio and can enter a range of investment options into this saved model portfolio). When the adviser compares the two, he or she likely finds that adjustments are in order and can bring the portfolio in line with the client’s goals and risk tolerance. Finally, a proposal is the way to build and deliver recommendations to the client and provides a great opportunity to think through investing ideas with the client. Client Restrictions and Instructions We will comply with any reasonable instructions and/or restrictions you give us when making recommendations for your account. Reasonable instructions generally include the designation of Crews Form ADV Parts 2A & B (Revised October 2026) 8  particular securities or types of securities that should not be purchased for the account. If your restrictions are unreasonable or if we, or your Financial Adviser, believe that the restrictions are inappropriate, we will notify you that unless the restrictions are modified, we may remove your account from the program. You will not be able to provide instructions that prohibit or restrict the investment adviser of an open-end or closed-end mutual fund or an ETF, with respect to the purchase or sale of specific securities or types of securities within the fund or ETF. Crews recommends particular types of securities on an individual-client basis and pursuant to the client’s selected model. Our programs may include periodic rebalancing, which could involve liquidations of positions to bring the account into conformity with your model portfolio. If you wish to hold certain positions for tax or investment purposes, you should consider holding these positions in a separate account. Risk of Loss Clients should understand investing in any securities involves a risk of loss of both income and principal. Securities analysis methods, including those utilized by Crews, assume the companies whose securities trade in the markets, the rating agencies that review these securities, and other publicly available sources of information about these securities, are providing accurate and unbiased data. While we attempt to remain alert to indications that data may be incorrect, there is always a risk that Crews’ analysis is compromised by inaccurate or misleading information. The following is a non-exhaustive summary of specific risks associated with each type of investment analysis implemented by Crews through the Programs: Fundamental Analysis. Fundamental analysis attempts to measure the intrinsic value of a security by looking at economic and financial factors (including the overall economy, industry conditions, and the financial condition and management of the issuer itself) to determine if the company is underpriced (indicating it may be a good time to buy the security) or overpriced (indicating it may be time to sell the security). Fundamental analysis does not attempt to anticipate market movements. This analysis presents a potential risk, as the price of a security can move up or down along with the overall market regardless of the economic and financial factors considered in assessing the intrinsic value of the security. Technical Analysis. Technical analysis involves the use of statistical data, and trends in that data, to identify trading opportunities. Technical analysis does not consider the underlying financial condition of a company, or the intrinsic value of its securities. This type of analysis presents a risk in that a poorly managed or financially unsound company may underperform regardless of larger movements in the market. Cyclical Analysis. This form of technical analysis involves studying cycles in the economy and financial markets. In this type of technical analysis, the movements of a particular stock are measured relative to the overall market in an attempt to predict the price movement of the security. The risk most commonly associated with this analysis is that the overall measurement is incorrect. Crews Form ADV Parts 2A & B (Revised October 2026) 9  Quantitative Analysis. Quantitative analysis uses complex mathematical models and statistics to analyze past events to make investment decisions about security performance (or larger market movements) in the future. Common risks encountered in using quantitative analysis are that the models used are based on assumptions that prove to be incorrect, and that the underlying sets of historical data utilized by the manager are incomplete. Qualitative Analysis. Qualitative analysis involves the analysis of unquantifiable information, such as management decisions, to evaluate investment opportunities in the company’s securities. A risk in using qualitative analysis is that our subjective analysis of the information is proven to be incorrect. Asset Allocation. The risk of an incorrect asset allocation decision is that the client does not participate in a sharp increase in a particular security, industry, or market sector. Another risk is that the ratio of equities, fixed income, and cash holdings will change over time due to security- value and market movements and, if not corrected (i.e., through rebalancing), will no longer be appropriate for the client’s goals. Mutual Fund and/or ETF Analysis. A common risk of mutual fund and/or ETF analysis is that, as with other securities investments, past performance does not guarantee future results. A manager who has been successful in identifying profitable opportunities among mutual funds may not be able to replicate that success in the future. In addition, as we do not control the underlying investments in a mutual fund or ETF, managers of different funds held by the client may purchase the same security, creating concentrated exposure for the client to that security and increasing the risk to the client if that security were to fall in value. There is also a risk of a manager deviating from the stated investment mandate or strategy of the mutual fund or ETF, which could make the holding(s) less suitable for the client’s portfolio. The following is a non-exhaustive summary of general risks involved in investing through any of the Programs: Interest Rate Risk. Fluctuations in interest rates cause the prices of securities to fluctuate. For example, bond market values have an inverse relationship to changes in interest rates. Generally, the longer a bond’s maturity, the greater the interest rate risk and the higher its yield. Similarly, equities may also suffer from rising interest rates. Market Risk. Market risk is the risk of investment losses due in a client’s account due to political, social, and other factors that affect the overall economy and markets in which the client is invested, independent of the intrinsic valuation of one or more securities in the client’s account. Inflation Risk. When any type of inflation is present, a dollar today will not buy as much as a dollar next year, because purchasing power is eroding at the rate of inflation. Inflation risk is therefore the risk of inflation exceeding the return of an investment in the client’s account. Crews Form ADV Parts 2A & B (Revised October 2026) 10  Currency Risk. Among other risks, investments in non-U.S. securities are subject to fluctuations in the value of the dollar relative to the currency of the country in which the issuer is based. This is also referred to as exchange rate risk. Currency risk could lead to a loss for a client, for example, when the proceeds from the sale of the non-U.S. security, which may be in a devaluing foreign currency, are converted to a relatively stronger U.S. dollar. Reinvestment Risk. This is the risk that future proceeds from investments have to be reinvested at a potentially lower rate of return (e.g., due to reductions in interest rates). This risk primarily relates to client account investments in fixed income securities. Business Risk. These risks are associated with a particular industry or a particular company within an industry. For example, oil-drilling companies depend on cost-effectively finding oil, extracting it, and then refining it, a lengthy process, before they can generate a profit. They carry a higher risk of potential profitability than an electric company, which generates its income from a steady stream of customers who buy electricity regardless of the prevailing macroeconomic environment. Liquidity Risk. Liquidity is the ability to readily convert a security into cash. Generally, securities in a client’s account are more liquid if many individuals are interested in buying or selling them. For example, Treasury Bills are highly liquid, while real estate properties are relatively illiquid. Liquidity risk is therefore the risk that a client will not be able to promptly sell a security due to a limited market for that instrument. Financial Risk. Excessive borrowing to finance a business’ operations may create a degree of stress on the firm to the point of jeopardizing its profitability, and potentially triggering a default on one or more outstanding loans. Depending on the circumstances, such a development could lead to a declining value in the company’s securities, or even its bankruptcy. Client Contact with Portfolio Managers Client’s contact for information and consultation regarding their program accounts is generally their Financial Adviser. In certain instances, financial adviser may coordinate their response with any third-party Portfolio Manager (if applicable) or arrange for the client to consult directly with the Portfolio Manager. Crews Form ADV Parts 2A & B (Revised October 2026) 11  Item 9. Disciplinary Information The following is a summary of disciplinary events relating to Crews, its management, and Affiliates that the Firm believes may be material to a prospective client's decision of whether to retain the Firm to provide investment advisory services. Further information regarding these settlements and other disciplinary matters relating to Crews and its Affiliates is available on the SEC’s website at www.adviserinfo.sec.gov. You can search this site using Crews' CRD number, which is 8052. Disciplinary Information Relating to Crews Investment Advisory Business There are no legal or disciplinary events that involve Crews’ investment advisory business or Crews’ senior persons providing investment advisory services. Disciplinary Information Relating to Crews Broker-Dealer Business On May 16, 2023, Crews & Associates, Inc. consented to Financial Industry Regulatory Authority (“FINRA”) sanctions and to the entry of findings that it sold municipal bonds to an affiliated bank while prohibiting markups when selling bonds to the affiliate. The findings stated that Crews failed to implement a reasonable supervisory system to address the conflict of interest in the selling arrangement between Crews and its affiliate and, thus, to monitor for potential violations of Municipal Securities Rule Making Board (“MSRB”) Rules G-18 and G-17 in connection with charging such markups. On May 23, 2023, Crews paid a fine of $50,000. Crews agreed with its affiliate not to sell it secondary market bonds with a markup, and reimbursed its affiliate $918,476 for markups and fees resulting from its head trader’s actions. More information on the enforcement can be found on Crews’ BrokerCheck Report, by clicking on the hyperlink or going to finra.org/brokercheck and using Crews’ CRD# 8052 to conduct a search. On August 26, 2021, Crews & Associates, Inc. entered a settlement agreement with the Securities and Exchange Commission (“SEC”) for willful violation of MSRB Rules G-17 and G-27, and by reason of those violations, Section 15B(C)(1) of The Securities Exchange Act of 1934. Crews received a Cease and Desist, Censure, Disgorgement of $34,631 plus interest of $9,441, and a Civil Monetary Policy of $200,000 from the SEC for failing to disclose a conflict of interest to the County Commission of Ohio County, West Virginia (“County”) as the issuer of municipal debt securities. The conflict of interest resulted from Crews failing to disclose secondary market transactions in the County’s 2006 Bond Series in advance of a tender offer and bond issuance, for which Crews was serving as the underwriter. Specifically, Crews sold bonds to an Affiliated Entity before advising on the tender offer for the 2006 Bond Series. More information on the enforcement can be found on Crews’ BrokerCheck Report, by clicking on the hyperlink or going to finra.org/brokercheck and using Crews’ CRD# 8052 to conduct a search. Crews Form ADV Parts 2A & B (Revised October 2026) 12  Item 10. Other Financial Industry Activities and Affiliations Crews & Associates, Inc. is wholly owned by First Security Capital Markets Inc., non-bank subsidiary of First Security Bancorp of Searcy, Arkansas. Crews’ affiliate is First Security Bank (“FSB”). FSB offers a broad range of traditional banking products and services. FSB also offers trust services among other financial services to consumers and businesses. In addition to being an SEC-registered investment adviser, Crews is registered as a broker-dealer with the SEC and all 50 states’ securities regulatory agencies and is a member of FINRA as a broker-dealer and the Municipal Securities Rulemaking Board (MSRB) as a municipal securities dealer, and SIPC. Crews is also an insurance agency registered with the Arkansas Insurance Department. Crews has broker-dealer employees registered with FINRA and various states, whether as broker-dealer agents or principals, and some who are non-registered fingerprint persons. Crews is affiliated with First Security Municipal Advisors, Inc. Neither Crews nor any of its employees are registered, or have an application pending to register, as a futures commodities merchant, commodity pool operator, a commodity trading advisor, or an associated person of the foregoing entities. Crews employees engaged in providing advisory services (including through one or more Programs) are registered as investment adviser representatives in each state where such registration is required. Many Crews employees engaged in providing such advisory services are also registered representatives of Crews in its capacity as a broker-dealer. In such capacities, Crews and its Financial Advisers provide brokerage and related services to clients, including in relation to the purchase and sale of individual stocks, bonds, mutual funds, private investment funds, life insurance policies and annuities, and other products. In providing these services, Crews and its Financial Advisers receive compensation based upon the sale of such securities and other investment products, including asset-based sales charges and service fees on the sale of mutual funds. The receipt of compensation from the sale of securities and other investment products presents a conflict of interest because Crews and its Financial Advisers will have an incentive to recommend the investment products based upon the potential compensation to be received, rather than on whether the client will benefit from the purchase and continued holding of the product. However, this conflict is mitigated through disclosure of the conflict in this Brochure, and by the fact that, when selling investment advisory services, Crews and its Financial Advisers are fiduciaries and are required to act solely in the best interest of clients. In addition, Crews has implemented policies, procedures, and controls that are intended to ensure that Financial Advisers comply with this fiduciary duty. Further information regarding Crews’ compensation arrangements, potential and actual conflicts of interest, and how Crews addresses such conflicts of interest is included in Item 5. Other Fees and Expenses above, and in the Code of Ethics and Personal Trading Section below. Crews has engaged Financial Management Inc. ("FMI"), an SEC-registered investment adviser, to provide consulting and outsourced support services with respect to investment-related, operational, and strategic business matters. FMI's services are advisory and consultative in nature only and are provided exclusively for the benefit of Crews. FMI and its personnel will not have authority to execute securities transactions on behalf of Crews or its clients, open or maintain client accounts, receive, hold, or custody client funds or Crews Form ADV Parts 2A & B (Revised October 2026) 13  securities, act as a registered representative or associated person of Crews, or engage in any activity requiring registration through or supervision by Crews. Crews shall retain sole and exclusive responsibility for all investment, business, compliance, supervisory, and operational decisions. Any recommendations, analyses, or advice provided by FMI are non-binding, and Crews will exercise its independent judgment in determining whether to adopt, modify, or reject any such recommendations. In consideration for the services provided, FMI will receive a quarterly consulting fee based on a percentage of the revenue generated by Crews' advisory business. The fee will be paid solely by Crews and will not be charged separately to, or directly paid by, any client. Clients will not incur any additional fee or expense as a result of FMI's consulting services. Item 11. Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Crews’ code of ethics complies with SEC Rule 204A-1. Crews will provide a copy of its Code of Ethics to any client or prospective client upon request. Crews maintains policies and procedures to mitigate conflicts of interest between transactions in our employees’ personal investment accounts, including accounts of their immediate family members and transactions in our clients’ accounts. All employee transactions are subject to regular review by their supervisors and independent oversight by Crews’ Compliance Department. Our directors, officers and employees will not buy or sell securities for their personal portfolio where their decision is made substantially, in whole or in part, from information obtained through their employment with us, unless the information is also available to the investing public upon reasonable inquiry. Our financial advisers will not put their own interests before yours. Crews generally does not engage in principal transactions or agency cross transactions for client accounts. Certain situations may arise where a principal transaction or an agency cross transaction in a fixed income security between your account and our affiliated broker dealer may be beneficial and in your best interest. In such cases we will disclose to you that the trade will be conducted on a principal basis and obtain your consent in accordance with the provisions of and rules under the Advisers Act. We will recommend that you engage in such a transaction only when we believe that the net price for the security is at least as favorable as favorable as could have been obtained from another established dealer in such security. A principal transaction is generally defined as a transaction where we, acting as principal for our own account or the account of our affiliated broker-dealer, buy/sell any security with from/to your or any other client's account. It would also be considered a principal transaction if we had an affiliated hedge fund that bought/sold securities from/to your or any other advisory client's accounts. An agency cross transaction would occur when we, as an investment adviser, or a person controlled by us or under common control with us, acts as a broker for both you and Crews Form ADV Parts 2A & B (Revised October 2026) 14  another person on the other side of the transaction. Typically, agency cross transactions occur when an adviser is dually registered as a broker-dealer or has an affiliated broker-dealer. Our financial advisers are also registered representatives of our affiliated broker-dealer by the same name. In their capacity as investment adviser representatives, they may recommend that you make trades through Crews. However, you are under no obligation to make trades though Crews’ registered representatives. Crews reasonably discloses to its clients all material conflicts of interest, if any, regarding Crews’ investment adviser, its representatives, or any of its employees, which may impair the rendering of unbiased and objective advice, before entering into or renewing an advisory agreement with that client. Item 12. Brokerage Practices Criteria for Broker Selection and Reasonableness of Compensation For our advisory programs, Pershing provides custodial brokerage services. Crews acts as the broker and Pershing acts as the executing broker and custodian. As discussed elsewhere in this Brochure in connection with its wrap fee arrangements, Crews does not charge commissions on advisory program accounts. Best Execution Reviews. In connection with Pershing executions, Crews evaluates the overall execution quality of client orders in aggregate to periodically assess which competing executing brokers offer the most favorable execution terms. Some of the factors considered by Crews in determining where to direct an order are the execution speeds and costs, the opportunity to get a better price than what is currently quoted, execution capabilities, financial responsibility, the range and quality of services, and responsiveness to the adviser. In the case of fixed income securities, evaluations of venues could include among other things, a comparison of executions with publicly reported trade data under the prevailing market conditions, and based on the type of issue and transactions, access to quotations, accuracy of trade settlements, reporting, and communications. Soft Dollar Programs We do not participate in soft dollar programs with brokers where soft dollar credits are generated based upon a certain level of commissions for use in purchasing research or other products or services. Order Aggregation Crews manages its client accounts independently, taking into consideration each client’s investment objectives and guidelines. Transactions for each client account may be completed independently. In the CIA Program, a non-discretionary Program, the client’s Financial Adviser must enter orders promptly upon the client’s instruction. Consequently, orders for Choice Program accounts are not eligible for order aggregation. Crews Form ADV Parts 2A & B (Revised October 2026) 15  Brokerage for Client Referrals Since Crews is a broker-dealer and a registered investment adviser, Crews’ investment adviser recommends, but not require clients to use, its affiliated broker-dealer. Directed Brokerage. Some clients, when entering into an advisory relationship, may already have a relationship with a broker-dealer. In this circumstance, the client may instruct Crews to execute all transactions through that broker-dealer. If the client directs Crews to use a particular broker- dealer, the client understands, acknowledges, and agrees that Crews will likely have no authority to negotiate commissions or to obtain volume discounts, and may be unable to achieve the most favorable execution terms for transactions made on behalf of the client’s Program account. This practice may therefore increase the cost of such transactions in comparison to orders executed by broker-dealers selected by Crews in the order routing process described above. Item 13. Review of Accounts A. Periodic Review of Client Accounts Client accounts and investment portfolios will be reviewed before the account is opened and on a continuous and ongoing basis by the Firm’s investment adviser representatives and supervisors. and at least annually by the firm’s supervisory principals.. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. B. Review of Client Accounts on Other than Periodic Basis Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. C. Content and Frequency of Client Reports Crews generally provides reports to clients on the performance of their Program accounts on a quarterly basis, although performance reporting may not be available for account assets, or available with the same frequency, if they are not custodied at Pershing. Client performance reports usually include a portfolio valuation and typically show the asset allocation of the client’s portfolio, changes in a client’s portfolio, and account performance compared to market indices or other relevant benchmarks. Market indices or other benchmark returns are shown only for comparison purposes, and may not be directly relevant to the client’s assessment of the performance of their Program account. Item 14. Client Referrals and Other Compensation Crews does not provide compensation to any third-party solicitors for client referrals and does not receive compensation for client referrals. Crews Form ADV Parts 2A & B (Revised October 2026) 16  Item 15. Custody For Crews Investment Advisory and Crews Model Portfolios, Crews contracts with Pershing for custodial services. Clients will receive statements from Pershing. Crews may be considered to have custody of certain client funds solely as a consequence of its authority to make withdrawals from client accounts to pay its advisory fee on a quarterly basis in advance, as described above in Item 5. Crews obtains client written authorization to deduct advisory fees from client accounts held with its custodian Pershing in Crews’ client advisory agreements. Each time a fee is directly deducted from a client account, Pershing, as Crews’ qualified custodian, is automatically informed of and accordingly implements the fee deduction from the client’s account, which occurs routinely and by electronic means through the Pershing platform after Crews initiates the deduction through the Pershing platform. At no time is Pershing disconnected from the fee-deduction process through its electronic platform. Pershing subsequently sends the client a quarterly statement itemizing the fee pursuant to the formula used to calculate the fee for a client’s selected advisory program and also including the value of the assets under management on which the fee is based and the time period covered by the fee. Clients will find their fees itemized on the quarterly statements as “Asset Based Fees” along with the fee debits and net year-to-date totals at that time. Item 16. Investment Discretion For some accounts, Crews receives discretionary authority from you at the outset of an advisory relationship in writing. In all cases, however, such discretion is to be exercised in a manner consistent with the stated investment objectives for the particular client account. When selecting securities and determining amounts, Crews observes the investment policies, limitations, and restrictions of the clients for which it advises. Investment guidelines and restrictions must be provided to Crews in writing. If our firm has engaged an Outside Manager to assist with the management of Client’s portfolio, our firm has the discretion to direct the Outside Manager to buy or sell securities for Client’s portfolio without obtaining prior Client approval for each transaction. Item 17. Voting Client Securities Crews Investment Advisory, Crews Portfolio Strategy Program will retain all voting rights for their securities. Crews will not ask for, nor be granted the authority to, vote client securities or respond to class action claims. Clients will receive proxies and other solicitations from Crews’ clearing firm, Pershing, LLC. Crews Form ADV Parts 2A & B (Revised October 2026) 17  Item 18. Financial Information Crews is required to disclose any financial condition that is reasonably likely to impair the Firm’s ability to meet its contractual obligations. Crews has no such financial circumstance to report. Under no circumstances does Crews require or solicit payment of fees in excess of $1,200 more than six months in advance of services rendered. Crews Form ADV Parts 2A & B (Revised October 2026) 18  Part 2B Brochure Supplement of Form ADV October 2026 Crews & Associates, Inc. 4007 N Rodney Parham Rd Little Rock, Arkansas 72212 Phone: 501-907-2000 Website: crewsfs.com This brochure supplement provides information about the following individuals who provide investment advice or investment advisory supervision for clients of Crews & Associates, Inc. (“Crews”), all of whom are supervised from the above-listed address: Anthony T. “Tony” Brainerd Barry T. Burch Carter P. Rook Clayton J. Partridge D. Alex Behel Derek A. Whitehead Frederick Joseph “Joe” McCrady (Supervisor) J. Allen “Al” McKay, Jr. James E. “Jim” Liles, Jr James L. Gould James S. “Jim” Jones (Supervisor) Jason C. Jennings Josh L. Phillips John M. “Jack” Bailey, Jr. Julie Marie Stoever M. Nathan Tharp R. Mathew Wylie Russell J. Stoever This brochure supplement provides information about the above-listed individuals that supplements the Crews brochure. You should have received a copy of that brochure. Please contact Crews at 501-907-2000 if you did not receive Crews’ brochure or if you have any questions about the contents of this supplement. Additional information about the above-listed individuals is available on the SEC’s website at adviserinfo.sec.gov. Crews Form ADV Parts 2A & B (Revised October 2026) 19  Anthony T. “Tony” Brainerd CRD# 5278235 Phone: 501-217-4514 Branch: 105 East 9TH Street, Mountain Home, AR 72653 By Appointment: 12005 Crystal Hill Road, Maumelle, AR 72113 Investment Adviser Registration: Arkansas Insurance Producer • Year of Birth: 1969. • Educational Background: Bachelor of Science from Arkansas State University and Business Management from John Brown University. • Business Experience (for at least the past five years): Crews & Associates, Inc. (2012 – present), Current Position: Financial adviser; In the securities industry since 2007. • Disciplinary History: There are no legal or disciplinary events material to a client's or prospective client's evaluation of Mr. Brainerd. • Other Business Activities: Crews & Associates, Inc., Registered Broker-Dealer Agent, receives commissions for brokerage activity, affiliated broker-dealer. • Additional Compensation: Mr. Brainerd does not receive an economic benefit for providing advisory services from someone who is not a client. • Supervision: Periodic Review of Client Accounts – Client accounts and investment portfolios will be reviewed before the account is opened and at least annually. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. Review of Client Accounts on Other than Periodic Basis – Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. • Supervisor: Frederick Joseph “Joe” McCrady, Managing Director-Retail and Investment Adviser Principal, 501-907-2000. Crews Form ADV Parts 2A & B (Revised October 2026) 20  Barry T. Burch CRD# 1391564 Phone: 800-819-0828 Branch: 314 N. Spring St., Searcy, AR 72145 Investment Adviser Registration: Arkansas, Colorado Insurance Producer • Year of Birth: 1952. • Educational Background: Bachelor’s and Master’s Degrees from the University of Central Arkansas. • Business Experience (for at least the past five years): Crews & Associates, Inc. (2001- present), Current Position: Financial adviser; Started in the securities industry in the 1980s. • Disciplinary History: There are no legal or disciplinary events material to a client's or prospective client's evaluation of Mr. Burch. • Other Business Activities: Crews & Associates, Inc., Registered Broker-Dealer Agent, receives commissions for brokerage activity, affiliated broker-dealer. • Additional Compensation: Mr. Burch does not receive an economic benefit for providing advisory services from someone who is not a client. • Supervision: Periodic Review of Client Accounts – Client accounts and investment portfolios will be reviewed before the account is opened and at least annually. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. Review of Client Accounts on Other than Periodic Basis – Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. • Supervisor: Frederick Joseph “Joe” McCrady, Managing Director-Retail and Investment Adviser Principal, 501-907-2000 Crews Form ADV Parts 2A & B (Revised October 2026) 21  Carter P. Rook CRD# 5142589 Phone: 501-907-2000 Branch: 4007 N Rodney Parham Rd, Little Rock, Arkansas 72212 Investment Adviser Registration: Arkansas • Year of Birth: 1985 • Educational Background: Bachelor of Science in Finance from the University of Central Arkansas • Business Experience (for at least the past five years): Crews & Associates, Inc. (2008 – present), Current Position: Senior Vice President. • Disciplinary History: There are no legal or disciplinary events material to a client's or prospective client's evaluation of Mr. Rook. • Other Business Activities: Crews & Associates, Inc., Registered Broker-Dealer Agent, receives commissions for brokerage activity, affiliated broker-dealer; • Additional Compensation: Mr. Rook does not receive an economic benefit for providing advisory services from someone who is not a client. • Supervision: Periodic Review of Client Accounts – Client accounts and investment portfolios will be reviewed before the account is opened and at least annually. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. Review of Client Accounts on Other than Periodic Basis – Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. • Supervisor: Frederick Joseph “Joe” McCrady, Managing Director-Retail and Investment Adviser Principal, 501-907-2000 Crews Form ADV Parts 2A & B (Revised October 2026) 22  Clayton J. Partridge CRD# 7235965 Phone: 501-907-2000 Branch: 4007 N Rodney Parham Rd, Little Rock, Arkansas 72212 Investment Adviser Registration: Alabama, Arkansas, Delaware, Florida, Missouri, New York Insurance Producer • Year of Birth: 1974. • Educational Background: Bachelor of Science in Accounting from Ouachita Baptist University; MBA from University of Arkansas at Little Rock. • Business Experience (for at least the past five years): Crews & Associates, Inc. (2020- present), Current Position: Financial adviser; Waco Title (2015-2019), Area Manager. • Disciplinary History: There are no legal or disciplinary events material to a client's or prospective client's evaluation of Mr. Partridge. • Other Business Activities: Crews & Associates, Inc., Registered Broker-Dealer Agent, receives commissions for brokerage activity, affiliated broker-dealer. • Additional Compensation: Mr. Partridge does not receive an economic benefit for providing advisory services from someone who is not a client. • Supervision: Periodic Review of Client Accounts – Client accounts and investment portfolios will be reviewed before the account is opened and at least annually. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. Review of Client Accounts on Other than Periodic Basis – Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. • Supervisor: Frederick Joseph “Joe” McCrady, Managing Director-Retail and Investment Adviser Principal, 501-907-2000 Crews Form ADV Parts 2A & B (Revised October 2026) 23  D. Alex Behel CRD# 4417626 Phone: 501-279-3402 Branch: 314 N. Spring St., Searcy, Arkansas 72145 Investment Adviser Registration: Arkansas Insurance Producer • Year of Birth: 1978. • Educational Background: Bachelor of Science from Harding University. • Business Experience (for at least the past five years): Crews & Associates, Inc. (2004 – present), Current Position: Financial adviser; First Security Bank, Searcy, Arkansas (2004 – present), Current Position: Senior Vice President. • Disciplinary History: There are no legal or disciplinary events material to a client's or prospective client's evaluation of Mr. Behel. • Other Business Activities: Crews & Associates, Inc., Registered Broker-Dealer Agent, receives commissions for brokerage activity, affiliated broker-dealer; First Security Bank, Senior Vice President, affiliate bank. • Additional Compensation: Mr. Behel does not receive an economic benefit for providing advisory services from someone who is not a client. • Supervision: Periodic Review of Client Accounts – Client accounts and investment portfolios will be reviewed before the account is opened and at least annually. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. Review of Client Accounts on Other than Periodic Basis – Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. • Supervisor: Frederick Joseph “Joe” McCrady, Managing Director-Retail and Investment Adviser Principal, 501-907-2000. Crews Form ADV Parts 2A & B (Revised October 2026) 24  Derek A. Whitehead CRD# 5222905 Phone: 501-450-1871 Branch: 1001 Front Street, Conway, AR 72032 Investment Adviser Registration: Arkansas Insurance Producer • Year of Birth: 1982. • Educational Background: Bachelor of Arts in Marketing from the University of Central Arkansas. • Business Experience (for at least the past five years): Crews & Associates, Inc. (2009- present), Current Position: Financial adviser. • Disciplinary History: There are no legal or disciplinary events material to a client's or prospective client's evaluation of Mr. Whitehead. • Other Business Activities: Crews & Associates, Inc., Registered Broker-Dealer Agent, receives commissions for brokerage activity, affiliated broker-dealer. • Additional Compensation: Mr. Whitehead does not receive an economic benefit for providing advisory services from someone who is not a client. • Supervision: Periodic Review of Client Accounts – Client accounts and investment portfolios will be reviewed before the account is opened and at least annually. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. Review of Client Accounts on Other than Periodic Basis – Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. • Supervisor: Frederick Joseph “Joe” McCrady, Managing Director-Retail and Investment Adviser Principal, 501-907-2000 Crews Form ADV Parts 2A & B (Revised October 2026) 25  Frederick Joseph “Joe” McCrady CRD# 4855768 Phone: 501-907-2000 Branch: 4007 N Rodney Parham Rd, Little Rock, Arkansas 72212 Investment Adviser Registration: Arkansas • Year of Birth: 1981 • Educational Background: Bachelor’s degree-University of Arkansas • Business Experience (for at least the past five years): Crews & Associates, Inc. (2004- present), Current position- Crews & Associates, Inc(2004-Present)-Managing Director-Retail • Disciplinary History: There are no legal or disciplinary events material to a client's or prospective client's evaluation of Mr. McCrady • Other Business Activities: Crews & Associates, Inc., Registered Broker-Dealer Agent, receives commissions for brokerage activity; affiliated broker-dealer.; Insurance producer • Additional Compensation: Mr. McCrady does not receive an economic benefit for providing advisory services from someone who is not a client. • Supervision: Periodic Review of Client Accounts – Client accounts and investment portfolios will be reviewed before the account is opened and at least annually. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. Review of Client Accounts on Other than Periodic Basis – Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. • Supervisor: Damon Meyer, Chief Compliance Officer, 501-907-2000 Crews Form ADV Parts 2A & B (Revised October 2026) 26  J. Allen “Al” McKay, Jr. CRD# 1008050 Phone: 479-751-3400 Branch: 3333 Pinnacle Hills Parkway, Suite 160, Rogers, AR 72756 Investment Adviser Registration: Arkansas, Louisiana Insurance Producer • Year of Birth: 1958. • Educational Background: Bachelor of Arts in Business Administration from Southeast Missouri State University. • Business Experience (for at least the past five years): Crews & Associates, Inc. (1981- present), Current Position: Financial adviser. • Disciplinary History: There are no legal or disciplinary events material to a client's or prospective client's evaluation of Mr. McKay. • Other Business Activities: Crews & Associates, Inc., Registered Broker-Dealer Agent, receives commissions for brokerage activity, affiliated broker-dealer. • Additional Compensation: Mr. McKay does not receive an economic benefit for providing advisory services from someone who is not a client. • Supervision: Periodic Review of Client Accounts – Client accounts and investment portfolios will be reviewed before the account is opened and at least annually. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. Review of Client Accounts on Other than Periodic Basis – Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. • Supervisor: Frederick Joseph “Joe” McCrady, Managing Director-Retail and Investment Adviser Principal, 501-907-2000 Crews Form ADV Parts 2A & B (Revised October 2026) 27  James E. “Jim” Liles, Jr. CRD# 707734 Phone: 501-207-6640 Branch: 2800 East Race Street, Searcy, AR 72143 Investment Adviser Registration: Arkansas Insurance Producer • Year of Birth: 1950. • Educational Background: Bachelor of Science in Business from Harding University. • Business Experience (for at least the past five years): Crews & Associates, Inc. (2012-present), Current Position: Financial adviser; Morgan Keegan & Company, LLC (2001-2012), Financial adviser; Started in the securities industry in the 1980s. • Disciplinary History: There are no legal or disciplinary events material to a client's or prospective client's evaluation of Mr. Liles. • Other Business Activities: Crews & Associates, Inc., Registered Broker-Dealer Agent, receives commissions for brokerage activity, affiliated broker-dealer. • Additional Compensation: Mr. Liles does not receive an economic benefit for providing advisory services from someone who is not a client. • Supervision: Periodic Review of Client Accounts – Client accounts and investment portfolios will be reviewed before the account is opened and at least annually. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. Review of Client Accounts on Other than Periodic Basis – Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. • Supervisor: Frederick Joseph “Joe” McCrady, Managing Director-Retail and Investment Adviser Principal, 501-907-2000 Crews Form ADV Parts 2A & B (Revised October 2026) 28  James L. Gould CRD# 7680820 Phone: 501-907-2000 Branch: 4007 N Rodney Parham Rd, Little Rock, Arkansas 72212 Investment Adviser Registration: Arkansas Insurance Producer • Year of Birth: 1994 • Educational Background: E-STEM High School, Little Rock, Arkansas (May 2013). • Business Experience (for at least the past five years): Crews & Associates, Inc. (Jan. 2023- present), Current Position: Financial adviser. (Oct. 2014 to Dec. 2023) Gwatney Buick GMC Finance/Sales. • Disciplinary History: There are no legal or disciplinary events material to a client's or prospective client's evaluation of Mr. Gould. • Other Business Activities: Crews & Associates, Inc., Registered Broker-Dealer Agent, receives commissions for brokerage activity; affiliated broker-dealer. • Additional Compensation: Mr. Gould does not receive an economic benefit for providing advisory services from someone who is not a client. • Supervision: Periodic Review of Client Accounts – Client accounts and investment portfolios will be reviewed before the account is opened and at least annually. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. Review of Client Accounts on Other than Periodic Basis – Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. • Supervisor: Frederick Joseph “Joe” McCrady, Managing Director-Retail and Investment Adviser Principal, 501-907-2000 Crews Form ADV Parts 2A & B (Revised October 2026) 29  James S. “Jim” Jones CRD# 502536 Phone: 501-907-2000 Branch: 4007 N Rodney Parham Rd, Little Rock, Arkansas 72212 Investment Adviser Registration: Alabama, Arkansas, California, Colorado, Delaware, Florida, Louisiana, Missouri, New York, Oklahoma Insurance Producer • Year of Birth: 1977. • Educational Background: Bachelor of Communications from the University of Arkansas at Fayetteville; Master of Arts from the University of Oklahoma • Business Experience (for at least the past five years): Crews & Associates, Inc. (1979- present), Current Position: President. • Disciplinary History: There are no legal or disciplinary events material to a client's or prospective client's evaluation of Mr. Jones. • Other Business Activities: Crews & Associates, Inc., Registered Broker-Dealer Agent, receives commissions for brokerage activity; affiliated broker-dealer. • Additional Compensation: Mr. Jones does not receive an economic benefit for providing advisory services from someone who is not a client. • Supervision: Periodic Review of Client Accounts – Client accounts and investment portfolios will be reviewed before the account is opened and at least annually. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. Review of Client Accounts on Other than Periodic Basis – Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. • Supervisor: Frederick Joseph “Joe” McCrady, Managing Director-Retail and Investment Adviser Principal, 501-907-2000 Crews Form ADV Parts 2A & B (Revised October 2026) 30  Jason C. Jennings CRD# 6706795 Phone: 800-819-0828 Branch: 314 N. Spring St., Searcy, AR 72145 Investment Adviser Registration: Arkansas, Colorado • Year of Birth: 1990. • Educational Background: Bachelor of Science in Accounting from the University of Arkansas. • Business Experience (for at least the past five years): Crews & Associates, Inc. (2020 – present), Current Position: Financial adviser; Merrill Lynch, Pierce, Fenner & Smith, Inc. (2017-2020), Financial adviser; Edward Jones (2016-2017), Financial adviser; Fletcher Auto Group (2014-2016), Assistant Controller. • Disciplinary History: There are no legal or disciplinary events material to a client's or prospective client's evaluation of Mr. Jennings. • Other Business Activities: Crews & Associates, Inc., Registered Broker-Dealer Agent, receives commissions for brokerage activity, affiliated broker-dealer. • Additional Compensation: Mr. Jennings does not receive an economic benefit for providing advisory services from someone who is not a client. • Supervision: Periodic Review of Client Accounts – Client accounts and investment portfolios will be reviewed before the account is opened and at least annually. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. Review of Client Accounts on Other than Periodic Basis – Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. • Supervisor: Frederick Joseph “Joe” McCrady, Managing Director-Retail and Investment Adviser Principal, 501-907-2000 Crews Form ADV Parts 2A & B (Revised October 2026) 31  Josh L. Phillips CRD# 5405016 Phone: 501-907-2000 Branch: 4007 N Rodney Parham Rd, Little Rock, Arkansas 72212 Investment Adviser Registration: Arkansas Insurance Producer • Year of Birth: 1983. • Educational Background: Bachelor of Science in Finance and Economics from the University of Arkansas at Little Rock. • Business Experience (for at least the past five years): Crews & Associates, Inc. (2007- present), Current Position: Head of Operations . • Disciplinary History: There are no legal or disciplinary events material to a client's or prospective client's evaluation of Mr. Phillips. • Other Business Activities: Crews & Associates, Inc., Registered Broker-Dealer Agent, receives commissions for brokerage activity, affiliated broker-dealer. • Additional Compensation: Mr. Phillips does not receive an economic benefit for providing advisory services from someone who is not a client. • Supervision: Periodic Review of Client Accounts – Client accounts and investment portfolios will be reviewed before the account is opened and at least annually. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. Review of Client Accounts on Other than Periodic Basis – Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. • Supervisor: Frederick Joseph “Joe” McCrady, Managing Director-Retail and Investment Adviser Principal, 501-907-2000 Crews Form ADV Parts 2A & B (Revised October 2026) 32  John M. “Jack” Bailey, Jr. CRD# 5445595 Phone: 479-927-4128 Branch: 2863 W. Sunset, Springdale, Arkansas 72762 Investment Adviser Registration: Arkansas Insurance Producer • Year of Birth: 1977. • Educational Background: Bachelor of Science in Earth Science from the University of Arkansas. • Business Experience (for at least the past five years): Crews & Associates, Inc. (2007- present), Current Position: Financial adviser. • Disciplinary History: There are no legal or disciplinary events material to a client's or prospective client's evaluation of Mr. Bailey. • Other Business Activities: Crews & Associates, Inc., Registered Broker-Dealer Agent, receives commissions for brokerage activity; affiliated broker-dealer. • Additional Compensation: Mr. Bailey does not receive an economic benefit for providing advisory services from someone who is not a client. • Supervision: Periodic Review of Client Accounts – Client accounts and investment portfolios will be reviewed before the account is opened and at least annually. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. Review of Client Accounts on Other than Periodic Basis – Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. • Supervisor: Frederick Joseph “Joe” McCrady, Managing Director-Retail and Investment Adviser Principal, 501-907-2000 Crews Form ADV Parts 2A & B (Revised October 2026) 33  M. Nathan Tharp CRD# 5100414 Phone: 501-279-3435 Branch: 1901-A East Race Street, Searcy, Arkansas 72143 Investment Adviser Registration: Arkansas • Year of Birth: 1983. • Educational Background: Bachelor of Science in Business Administration and Economics from Lyon College. • Business Experience (for at least the past five years): Crews & Associates, Inc. (2006-2012), Capital Markets Analyst; First Security Bank, Searcy, Arkansas (2012-present), Current Position: Investment Review Officer VP • Disciplinary History: There are no legal or disciplinary events material to a client's or prospective client's evaluation of Mr. Tharp. • Other Business Activities: Crews & Associates, Inc., Registered Broker-Dealer Agent, receives commissions for brokerage activity, affiliated broker-dealer. First Security Bank, Investment Review Officer VP, affiliate bank. • Additional Compensation: Mr. Tharp does not receive an economic benefit for providing advisory services from someone who is not a client. • Supervision: Periodic Review of Client Accounts – Client accounts and investment portfolios will be reviewed before the account is opened and at least annually. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. Review of Client Accounts on Other than Periodic Basis – Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. • Supervisor: Frederick Joseph “Joe” McCrady, Managing Director-Retail and Investment Adviser Principal, 501-907-2000 Crews Form ADV Parts 2A & B (Revised October 2026) 34  Julie Marie Stoever CRD# 7803916 Phone: 201-768-1415 Located at: Rockleigh , NJ Investment Adviser Registration: New Jersey, Arkansas • Year of Birth: 1990 • Educational Background: Bachelor of Arts, Barnard College of Columbia University; Master of Arts in International Affairs & Economics, Johns Hopkins School of Advanced International Studies. • Business Experience (for at least the past five years): Crews & Associates, Inc. (2025 – present), Current Position: Registered Representative; Stoever Glass & Co., Inc. (2023- 2025), Registered Representative • Disciplinary History: There are no current disciplinary events material to a client's or prospective client's evaluation of Julie Stoever • Other Business Activities – Crews & Associates, Inc., Registered Broker-Dealer Agent, receives commissions for brokerage activity, affiliated broker-dealer. • Additional Compensation: Mr. Wylie does not receive an economic benefit for providing advisory services from someone who is not a client. • Supervision: Periodic Review of Client Accounts – Client accounts and investment portfolios will be reviewed before the account is opened and at least annually. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. Review of Client Accounts on Other than Periodic Basis – Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. • Supervisor: Frederick Joseph “Joe” McCrady, Managing Director-Retail and Investment Adviser Principal, 501-907-2000 Crews Form ADV Parts 2A & B (Revised October 2026) 35  R. Matthew Wylie CRD# 3119654 Phone: 479-979-6206 Branch: 214 Main Street, Clarksville, AR 72830 Investment Adviser Registration: Arkansas Insurance Producer • Year of Birth: 1972. • Educational Background: Bachelor of Science in Business Administration in Financial Management from the University of Arkansas; MBA from University of Tennessee-Martin, Barret Graduate School of Banking. • Business Experience (for at least the past five years): Crews & Associates, Inc. (2003- present), Current Position: Financial adviser. First Security Bank, Clarksville, Arkansas (2003 – present), Current Position: Market President. • Disciplinary History: There are no legal or disciplinary events material to a client's or prospective client's evaluation of Mr. Wylie. • Other Business Activities: Crews & Associates, Inc., Registered Broker-Dealer Agent, receives commissions for brokerage activity, affiliated broker-dealer; First Security Bank, Clarksville, Arkansas Market President, affiliate bank. • Additional Compensation: Mr. Wylie does not receive an economic benefit for providing advisory services from someone who is not a client. • Supervision: Periodic Review of Client Accounts – Client accounts and investment portfolios will be reviewed before the account is opened and at least annually. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. Review of Client Accounts on Other than Periodic Basis – Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. • Supervisor: Frederick Joseph “Joe” McCrady, Managing Director-Retail and Investment Adviser Principal, 501-907-2000 Crews Form ADV Parts 2A & B (Revised October 2026) 36  Russell J. Stoever CRD# 501033 Phone: 201-768-1415 Located at: Rockleigh , NJ Supervised From: 4007 N Rodney Parham Road, Little Rock, AR 72212 Investment Adviser Registration: Arkansas, New Jersey, New York, Wisconsin • Year of Birth: 1944 • Educational Background: Bachelor of Science in Chemical Engineering, Master of Science in Chemical Engineering from University of Toledo. • Business Experience (for at least the past five years): Crews & Associates, Inc. (2025- present), Current Position: Financial adviser and Senior Vice President; Stoever Glass & Co, Vice President (1971-2025); Stoever Glass & Co, Investment Adviser Representative (2018- 2025); Stoever Glass Holding Company, Shareholder. • Disciplinary History: There are no legal or disciplinary events material to a client's or prospective client's evaluation of Mr. Stoever. • Other Business Activities: Crews & Associates, Inc., Registered Broker-Dealer Agent, receives commissions for brokerage activity, affiliated broker-dealer; Tridan Corporation, consolidation and liquidation of entity. • Additional Compensation: Mr. Stoever does not receive an economic benefit for providing advisory services from someone who is not a client. • Supervision: Periodic Review of Client Accounts – Client accounts and investment portfolios will be reviewed before the account is opened and at least annually. Reviews will look for suitability, risk tolerance, and investment objectives during the account opening process; performance, rebalancing, and asset allocation during the periodic review process. Review of Client Accounts on Other than Periodic Basis – Client accounts may be reviewed on other than a periodic basis if certain portfolios and/or mutual funds are affected by market conditions, if there are relatively frequent contributions and/or distributions from the accounts, and/or if the client requests rebalancing at a time other than the periodic times requested. • Supervisor: Frederick Joseph “Joe” McCrady, Managing Director-Retail and Investment Adviser Principal, 501-907-2000 Crews Form ADV Parts 2A & B (Revised October 2026) 37