LANDOLT SECURITIES, INC.

FORM ADV 2A: FIRM BROCHURE ITEM 1: COVER PAGE December 19, 2025 Landolt Securities, Inc. 900 North Shore Drive, Suite 279 Lake Bluff, IL 60044 Firm Contact: Matthew McKiernan, Chief Compliance Officer Firm Website: www.landoltsecurities.com This Brochure provides information about the qualifications and business practices of Landolt Securities, Inc. If you have any questions about the contents of this brochure, please contact our firm at (847) 838-5151. Alternatively, you may email us at Don@Landoltsecurities.com. 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 Landolt Securities, Inc. is also available on the SEC’s website at www.adviserinfo.sec.gov by searching CRD # 28352. Please note that the use of the term “registered investment adviser” and description of Landolt Securities, Inc. and/or our associates as “registered” does not imply a certain level of skill or training. You are encouraged to review this Brochure for our firm’s associates who advise you for more information on the qualifications of our firm and our employees. 1  Item 2 – Material Changes Landolt Securities Inc. is required to advise you of any material changes to our Firm Brochure (“Brochure”) from our last annual update. We must state clearly that we are discussing only material changes since the last annual update of our Brochure, and we must provide the date of the last annual update of our Brochure. We have the following material changes to report since the last annual update of our brochure filed on July 14, 2025: 1. Landolt Securities Inc. has regulatory assets under management of more than $100 million and is transitioning from state to SEC registration, as required. 2  Item 3 – Table of Contents ITEM 1: COVER PAGE .................................................................................................................................... 1 Item 2 – Material Changes ............................................................................................................................ 2 Item 3 – Table of Contents ............................................................................................................................ 3 Item 4 – Advisory Business ........................................................................................................................... 4 Item 5 – Fees and Compensation ................................................................................................................. 5 Item 6 – Performance-based Fees and Side-By-Side Management ............................................................. 6 Item 7 – Types of Clients ............................................................................................................................... 6 Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss ........................................................ 7 Item 9 – Disciplinary Information ................................................................................................................. 8 Item 10 – Other Financial Industry Activities and Affiliations ...................................................................... 8 Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading ................ 9 Item 12 – Brokerage Practices .................................................................................................................... 11 Item 13 – Review of Accounts ..................................................................................................................... 12 Item 14 – Client Referrals and Other Compensation .................................................................................. 12 Item 15 – Custody ....................................................................................................................................... 12 Item 16 – Investment Discretion ................................................................................................................ 12 Item 17 – Voting Client Securities ............................................................................................................... 12 Item 18 – Financial Information .................................................................................................................. 13 Item 19 – Requirements for State-Registered Advisers .............................................................................. 13 Attachment A .............................................................................................................................................. 14 3  Item 4 – Advisory Business A. Description of our advisory firm and our principal owners including how long we have been in business. Landolt Securities, Inc. is dedicated to providing investment management and consulting services to individuals, trusts, estates, corporations and other business entities. We provide clients with a wide array of investment advisory services and we specialize in investment management services. Our firm was formed in the state of Wisconsin and has been in business since 1989. The firm is owned by Don McKiernan. The firm also sells insurance and conducts business as a securities broker-dealer. B. Description of the advisory services we offer. Investment Management Services Advisor provides investment management services to clients wishing to have their investments managed continuously on a discretionary basis. When discretionary authority is granted by a client, Advisor is free to select the securities to buy and sell, the amount to buy and sell, and when to buy and sell. Advisor is available to provide management services to a wide variety of clients including individuals, pension and profit-sharing plans, trusts, estates, corporations, and other entities. Advisor will also provide services on a non-discretionary basis, which requires the Advisor to obtain permission for each trade in advance. Investment management services begin by Advisor assisting each new client in determining the client’s investment objectives. Once a portfolio is established, the Advisor’s portfolio manager then manages each client’s investments in a manner consistent with the client’s objectives and risk tolerance. Clients may impose restrictions on investing in certain securities or types of securities. Advisor also assists each client in establishing a securities account at a brokerage firm which maintains custody of client securities either directly or with the assistance of its clearing firm. Advisors usually recommend clients establish a brokerage account with RBC Capital Markets, LLC (“RBC”), the Advisor’s transaction clearing firm, and most clients typically do so. Besides managing various types of securities for clients, such as common and preferred stocks, mutual funds, annuity subaccounts, warrants, rights, bonds, municipal securities, options and government bonds, a portion of the securities in client accounts may be held in cash or cash equivalents, including money market mutual funds. Advisor’s portfolio managers are inclined to use fundamental analysis when evaluating client securities and making purchases and sales based upon the results of their analysis. They may also consider technical market factors before deciding the appropriate action to take in a client’s account. 4  Advice given to any client may differ from advice given, or the timing and nature of the action taken, with respect to other client accounts. Advisor will make a reasonable effort to follow all investment management restrictions and instructions expressed to the firm by the client. Clients are encouraged to call their portfolio manager at any time if they have questions. Services may be terminated by written notice. When a portfolio manager places securities transaction orders, the securities brokerage firm processing the orders furnishes the client with a confirmation of each transaction. Monthly securities account statements are also provided to each client by the client’s custodian. Advisor does not guarantee the results of its recommendations and losses can occur by following Advisor’s advice. Advisor does not participate in wrap fee programs. C. Disclosure of the amount of client assets we manage. We manage $105,626,273 in assets under management on a discretionary basis as of March 31, 2025. Item 5 – Fees and Compensation We are required to describe our brokerage, custody, fees, and fund expenses so you will know how much you are charged and by whom our advisory services are provided to you. Our fees are negotiable and based upon the value and type of assets being managed. All fees, including the minimum annual fee, generally conform to the following fee schedule: Quarterly Fee* Quarter-End Account Value Annual Fee .500% .437% .375% 2.00% 1.75% 1.50% $0 - $1,000,000 $1,000,001 - $5,000,000 Over $5,000,000 _____________________ *Subject to a $300 minimum quarterly fee (not to exceed 3% of a client’s assets under management) The fees shown above are for investment management services only. Fees do not cover any transaction, commission, or other service costs. Fees are calculated as a percentage of account assets as set forth on the schedule above. Fees are charged three months in advance based upon the account value as of the end of each three-month period. The values of related accounts may, at the Advisor’s discretion, be combined for fee calculation purposes. Clients may elect to have their account debited as fees occur, or they may elect to receive a bill directly. We bill clients or charge their fees on a quarterly basis. Deposits exceeding $10,000 shall be charged a pro-rated fee from the date of deposit. Partial withdrawal of funds exceeding $10,000 will result in a pro-rated refund of prepaid fees. Upon termination, which can occur by written notice, all unearned prepaid fees are returned to the client. Unearned fees paid in advance will be returned on a pro-rated basis from the date following receipt by the Advisor of the written termination notice. 5  Clients may pay an annual $50.00 custodial fee if the account is for an IRA. The Advisor may also receive mutual fund service fees paid by mutual funds (aka 12b-1 fees). Clients may be charged a transaction fee, typically $20.00 - $40.00 per trade. Please see Item 12 for further clarification. Due to the quarterly minimum fee, a client's annual fee may exceed 2%. Thus, clients should be aware that fees in excess of 2% a year are considered high and similar services may be available at a lower cost from other firms. Other Compensation Some of our supervised persons sell securities and insurance for a commission. In order to sell securities for a commission, our supervised persons are also registered representatives of Landolt Securities Inc., member FINRA/SIPC. They may accept compensation for the sale of securities or insurance products, including distribution or service (“trail”) fees from the sale of mutual funds. You should be aware that the practice of accepting commissions for the sale of securities: 1) Presents a conflict of interest and gives our firm and/or our supervised persons an incentive to recommend investment products based on the compensation received, rather than on your needs. We generally address commissionable sales conflicts that arise: a. b. When explaining to clients that commissionable securities sales creates an incentive to recommend products based on the compensation we and/or our supervised persons may earn, and may not necessarily be in the best interests of the client; When recommending commissionable mutual funds, explaining that “no- load” funds are available through our firm if the client wishes to become an investment advisory client. 2) 3) In no way prohibits you from purchasing investment products recommended by us through other brokers or agents who are not affiliated with us. Does not reduce your advisory fees to offset the commissions our supervised persons receive. Item 6 – Performance-based Fees and Side-By-Side Management The advisor does not charge performance-based fees. Item 7 – Types of Clients Advisor provides portfolio management services to individuals, high net worth individuals, corporate pension and profit-sharing plans, charitable institutions, foundations, endowments, private investment funds, trust programs, and U.S. corporations. The firm does not have a minimum account size but does charge all managed accounts a minimum fee of $300 per quarter. The charge to the client will be either the minimum fee ($300) or the fee rate specified in the management agreement, but not both. 6  Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss Risks involved with our analysis Generally speaking, client portfolios are structured on a case-by-case basis, based on the investment criteria and risk tolerance the client is comfortable with. Fundamental analysis is the primary method used in evaluating the securities that may be purchased for a client. Fundamental analysis includes an evaluation of a company’s financial statements, customer products and/or services, the markets they operate in, overall economic conditions, interest rates and inflation, to determine whether the security is an appropriate investment at that time. We look to identify 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 company itself) to determine if the company is underpriced or overpriced (indicating a good time to buy or sell). 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 evaluating the stock. Risks involved with our investment strategy A majority of client assets are managed in small-cap growth stocks, which generally carry higher risk but also have the potential for higher returns. Small-cap growth stocks typically have greater volatility than large-cap stocks. These companies are usually newer and less established than large-cap companies, typically experience greater changes to revenues and earnings, and sometimes they are not as financially stable as large-cap companies. When implementing a short-term strategy, we would purchase securities with the idea of selling them within a relatively short time (typically held less than one year). We would do this in an attempt to take advantage of conditions that we believe will soon result in a positive price swing in the securities we purchase. When implementing a long-term strategy, we would purchase securities with the idea of holding them for a relatively long time (typically held more than one year). A risk in a long-term strategy is that by holding the security for this length of time, we may not take advantages of short-term gains that could be profitable to a client. Also, if our predictions are incorrect, a security may decline sharply in value before we make the decision to sell. Risks involved with recommended investments Clients should be aware that investing in securities involves risk of loss that clients should be prepared to bear. While the stock market may increase and your account could see a gain, there is a risk the stock market may decrease, and your account could see a loss. It is important that you understand the risks associated with investing in the stock market and that you are diversified appropriately. All securities recommended by Advisor involve risk, and that losses can occur from using any of Advisor services. All types of securities are considered, but we mainly invest in stocks, bonds, mutual funds, cash/money market, and ETFs. 7  Item 9 – Disciplinary Information Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of the Advisor or the integrity of Advisor’s management. On May 9, 2013, the Financial Industry Regulatory Authority ("FINRA") accepted the Advisor’s Letter of Acceptance, Waiver and Consent related to broker-dealer activity. FINRA alleged the broker-dealer failed to properly prepare, maintain and report municipal securities transactions. Without admitting or denying the allegations, the broker-dealer agreed to a Censure and Fine in the amount of $12,500. On July 28, 2014, the North Dakota Securities Department sanctioned the broker-dealer for effecting several securities transactions for residents of North Dakota without being registered in the state. The broker-dealer paid a fine of $20,000. On August 10, 2015, FINRA accepted the broker-dealer’s Letter of Acceptance, Waiver and Consent in connection with alleged violations of FINRA rules related to broker-dealer activity. FINRA alleged the broker-dealer failed to properly maintain appropriate net capital minimums and failed to properly prepare, maintain, and report municipal securities transactions in accordance with MSRB rules. Without admitting or denying the allegations, the broker-dealer agreed to a Censure and Fine in the amount of $25,000. On January 16, 2024, FINRA accepted the broker-dealer’s Letter of Acceptance, Waiver, and Consent in connection with alleged violations of FINRA rules related to broker-dealer activity. FINRA alleged the broker-dealer failed to establish, maintain, and enforce a reasonable supervisory system, including written supervisory procedures, to supervise the electronic communications of its registered representatives. Without admitting or denying the allegations, the broker-dealer agreed to a Censure and Fine in the amount of $25,000. Item 10 – Other Financial Industry Activities and Affiliations A. If our firm or our management persons are registered, or have an application pending to register, as a broker-dealer or a registered representative of a broker- dealer, the details are as follows: The Advisor is also a broker-dealer and member of FINRA, and all management persons of Advisor are registered with FINRA as Registered Representatives and Principals. The primary business of the Advisor and its representatives is providing security brokerage services to securities account customers, including buying and selling securities as ordered. The Advisor and its representatives will receive customary commissions for the sale of such products, and this creates a conflict of interest. The firm addresses this conflict by noting that clients are under no obligation to act upon any recommendation of the associated persons or effect any transactions through the associated person if they decide to follow the 8  recommendations. Also, clients are free to purchase such products through other brokers or agents not affiliated with the Advisor. B. If our management persons are registered or have an application pending to register as a futures commission merchant, commodity pool operator, a commodity trading advisor, or an associated person of the foregoing entities, we must disclose this fact. Neither our firm nor any of its management persons is a commodity broker/futures commission merchant, a commodity pool operator, commodity trading advisor or an associated person for the foregoing entities or has an application for registration pending. C. Description of any relationship or arrangement that is material to our advisory business or to our clients that we or any of our management persons have with any related person listed below. We are required to identify the related person and if the relationship or arrangement creates a material conflict of interest with clients, describe the nature of the conflict and how we address it. As licensed insurance agents, our advisory representatives may recommend to clients a variety of insurance products. The Advisor and its representatives will receive customary commissions for the sale of such products and this compensation creates a conflict of interest. The firm addresses this conflict by noting that clients are under no obligation to act upon any insurance recommendation and are never under any obligation to purchase insurance products. D. If we recommend or select other investment advisors for our clients and we receive compensation directly or indirectly from those advisors, we have other business relationships with those advisors, we are required to disclose these practices and discuss the conflicts of interest these practices create and how we address them. Neither our firm nor any of its advisor representatives recommend or select other advisors for our clients and we do not receive compensation from other investment advisors for client referrals. Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Advisor has adopted a Code of Ethics for all supervised persons of the firm describing its high standard of business conduct and fiduciary duty to its clients. The Code of Ethics includes provisions relating to the confidentiality of client information, a prohibition on insider trading, a prohibition of rumor mongering, restrictions on the acceptance of significant gifts and the reporting of certain gifts and business entertainment items, and personal securities trading procedures, among other procedures. 9  Advisor anticipates that, in appropriate circumstances, consistent with clients’ investment objectives, it will cause accounts over which Advisor has management authority to effect, and will recommend to clients, the purchase or sale of securities in which Advisor, its affiliates and/or clients, directly or indirectly, have a position of interest. We believe that if investment goals are similar for clients and for members and employees of our firm, it is logical and even desirable that there be common ownership of some securities. Advisor’s employees and persons associated with Advisor are required to follow Advisor’s Code of Ethics. Subject to satisfying this policy and applicable laws, officers, directors and employees of Advisor and its affiliates may trade for their own accounts in securities which are recommended to and/or purchased for Advisor’s clients. The Code of Ethics is designed to assure that the personal securities transactions, activities, and interests of the employees of Advisor will not interfere with (i) making decisions in the best interest of advisory clients and (ii) implementing such decisions while, at the same time, allowing employees to invest for their own accounts. Under the Code we require pre-clearance of many transactions and restrict trading in close proximity to client trading activity. Nonetheless, because the Code of Ethics in some circumstances would permit employees to invest in the same securities as clients, there is a possibility that employees might benefit from market activity by a client in a security held by an employee. Employee trading is continually monitored under the Code of Ethics, and to reasonably prevent conflicts of interest between Advisor and its clients. Advisor’s clients or prospective clients may request a complete copy of the firm's Code of Ethics by contacting Donald McKiernan at (847) 838-5151. Certain affiliated accounts may trade in the same securities with client accounts on an aggregated basis when consistent with Advisor's obligation of best execution. In such circumstances, the affiliated and client accounts will share commission costs equally and receive securities at a total average price. Advisor will retain records of the trade order (specifying each participating account) and its allocation, which will be completed prior to the entry of the aggregated order. Completed orders will be allocated as specified in the initial trade order. Partially filled orders will be allocated on a pro-rata basis. Any exceptions will be explained on the order. It is Advisor’s policy that the firm will not affect any principal or agency cross securities transactions for client accounts. Advisor will also not cross trades between client accounts. Principal transactions are generally defined as transactions where an advisor, acting as Principal, for its own account or the account of an affiliated broker-dealer, buys from or sells any security to any advisory client. A principal transaction may also be deemed to have occurred if a security is crossed between an affiliated hedge fund and another client account. An agency cross transaction is defined as a transaction where a person acts as an investment advisor in relation to a transaction in which the investment advisor, or any person controlled by or under common control with the investment advisor, acts as broker for both the advisory client and for another person on the other side of the transaction. Agency cross transactions may arise where an advisor is dually registered as a broker- dealer or has an affiliated broker-dealer. 10  Item 12 – Brokerage Practices Custodians/broker-dealers will be recommended based on Landolt Securities Inc.’s duty to seek “best execution,” which is the obligation to seek execution of securities transactions on the most favorable terms for the client under the circumstances. Clients will not necessarily pay the lowest commission or commission equivalent, and Landolt Securities Inc. may also consider their expertise as a clearing firm, their financial strength, reputation, reporting, technology, and ability to work with broker-dealers and investment advisors who have independent contractors and execution pricing. Currently, the Advisor, while acting as a broker-dealer, executes all trades via its clearing firm, which is also the custodian of all accounts. The commissions and transaction fees charged by the clearing firm may be higher or lower that those charged by other clearing firms. Further, the fees charged by the clearing firm or any other designated custodians are exclusive of and in addition to the Landolt investment advisory fees. The Advisor receives no economic benefit from the relationship. Research and Other Soft Dollar Benefits: Landolt does not receive research or other products or services other than execution from a broker-dealer or a third party in connection with client securities transactions (“soft dollar benefits”). Brokerage for Client Referrals: Landolt receives no referrals from a broker-dealer or third party in exchange for using that broker-dealer or third party. Directed Brokerage: The Advisor will not allow clients to direct us to use a specific broker-dealer to execute transactions as clients use our recommended custodian (RBC Capital Markets, LLC, i.e. clearing broker-dealer). As clients use our specific custodian, the Advisor may be unable to achieve most favorable execution of client transactions and this practice may cost clients more money over using a lower-cost custodian. Landolt Securities Inc. (the Advisor and broker-dealer), have an economic relationship that creates a conflict of interest. As the Advisor and broker-dealer are the same entity, the Advisor manages this conflict by regularly reviewing execution practices and quality of trades provided by the custodian along with regular account reviews. Aggregating (Block) Trading for Multiple Client Accounts: When exercising discretion, Advisor may combine orders for more than one client’s account to form a “block” order for the purpose of obtaining a better price and execution. When a block order is executed, the firm’s clearing firm allocates an average execution price to each customer’s position within the block on a pro-rata basis. Clients should be aware that although Advisor may place a block order, the executing broker may unbundle the order and execute each order for a client’s account on an individual basis resulting in different execution prices to each client. Also, an exact average price may not occur as a result of the brokerage firm applying varying commission discounts to client accounts. 11  Item 13 – Review of Accounts All managed accounts are regularly monitored for asset allocation and security holdings. The securities are compared to the general objective of the account(s) and adherence to specific written requests a client wishes the Advisor to follow. Day-to-day monitoring includes, but is not limited to, asset allocation, security and sector concentrations and relative credit quality of debt securities. Only our Financial Advisors, Principals and Portfolio Managers will conduct reviews. We may review accounts more frequently and the factors that will trigger a review include material market, economic or political events, or changes in the client’s financial situations and as requested by clients. Item 14 – Client Referrals and Other Compensation Advisor does not currently have any client referral relationships. Thus, it does not pay any fee to a third party for making client referrals. Also, as indicated above, the firm does not direct brokerage transactions to any third party in return for client referrals. Item 15 – Custody Advisor does not take custody of client accounts at any time. Custody of client’s accounts are held primarily at the custodian. Clients will receive account statements from the custodian and should carefully review those statements. The Advisor does not take custody with other accounts which receive the safekeeping services provided by the brokerage firm processing the securities transactions ordered by the Advisor. Advisor and its representatives do not have authority to withdraw funds or take custody of client funds or securities, except for payment of advisory fees due Advisor. Item 16 – Investment Discretion Management services may be provided on either a discretionary or non-discretionary basis. When discretion is exercised, Advisor is granted authority in writing from a client through the Investment Management Services Agreement to exercise discretion in the selection of securities to buy and sell the amount of securities to buy and sell and when to buy and sell them without obtaining specific consent from the client for each trade. Advisor will also exercise discretion to liquidate securities in amounts sufficient to cover its bills. When discretion is not exercised, clients are contacted by the Advisor for permission to execute each investment transaction. If Advisor should error in placing an order, it is Advisor’s policy to take action to make the client’s account whole. Item 17 – Voting Client Securities Advisor and its representatives do not vote proxies on behalf of clients who will receive such notices from their account’s custodian. 12  Advisor also does not take any action on legal notices it or a client may receive from issuers of securities held in a client’s managed account. However, it is available to answer questions regarding such notices. If questions arise, contact Advisor at (847) 838-5151. Item 18 – Financial Information Advisor does not receive fees nor require pre-payment of more than $500 per client, six months or more in advance, thus no financial statement for Advisor is attached. Registered Investment Advisors are required in this item to provide you with certain financial information or disclosures about Advisor’s financial condition. Advisor has no financial commitment that impairs its ability to meet contractual and fiduciary commitments to clients and has not been the subject of a bankruptcy proceeding. Item 19 – Requirements for State-Registered Advisers A. Principal Executive Officers and Management Persons; their Formal Education & Business Background The Advisor currently has two individuals in Management, Don McKiernan and Matt McKiernan. Their education and business background can be found on the individual’s Form ADV Part 2B Brochure supplement. B. Other Businesses in which the Advisory Firm or its personnel are Engaged and Time Spent on this Business Other business activities for each relevant individual can be found on the Form ADV Part 2B Brochure supplement for each such individual. C. Material Disciplinary Disclosures for Management Persons Neither Landolt Securities Inc. nor any management personnel has been involved in an award or otherwise found liable in an arbitration claim alleging damages in excess of $2,500. Neither Landolt Securities Inc. nor any management personnel has been involved in an award or otherwise found liable in a civil, self-regulatory organization or administrative proceeding. D. Material Relationships with Issuers of Securities Landolt Securities Inc. has no relationship with the issuers of securities we engage with. 13  Attachment A Our Role and Fiduciary Acknowledgement for Retirement Accounts 1 . Landolt Securities Inc. provides the following acknowledgement for purposes of complying with the U.S. Department of Labor’s (“DOL”) Prohibited Transaction Exemption 2020-02 (“PTE 2020-02”), where applicable. This acknowledgement is effective on February 1, 2022, or such later date as may be set forth by the DOL Fiduciary Acknowledgement. This acknowledgement applies when Landolt Securities 2 3 to you regarding your Retirement Accounts, we are fiduciaries within the meaning Inc. provides investment advice or recommendations to you regarding retirement and (“Retirement Accounts”). When we provide “investment other tax-qualified accounts advice” of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing Retirement Accounts. When providing investment recommendations, the way we make money creates certain conflicts with your interests, so we operate under a special rule that requires us, to act in your best interest and: • • • • • • Meet a professional standard of care (give prudent advice); Not put our financial interests ahead of yours (give loyal advice); Avoid misleading statements about our conflicts of interest, fees, and investments; Follow policies and procedures designed to ensure that we give advice that is in your best interest; Charge no more than is reasonable for our services; and Give you basic information about our conflicts of interest. Limitations to our Acknowledgement of Fiduciary Status. This fiduciary not acknowledgement is limited to investment advice and recommendations provided by Landolt Securities Inc. to Retirement Accounts only. It does not create an ongoing duty to monitor your accounts or create or modify a contractual obligation or fiduciary status under any state or federal laws other than the retirement laws. Additionally, we are fiduciaries under the retirement laws when we provide: 1 This disclosure is provided to comply with the DOL’s PTE 2020-02. If there is a conflict between this disclosure and your agreement with Landolt Securities Inc., this disclosure will govern. 2 Retirement Accounts include workplace retirement plans, IRAs, such as Traditional, Roth and SEPs, and other similar accounts. 3 Fiduciary investment advice is investment advice for a fee or other compensation rendered on a regular basis pursuant to a mutual understanding that such advice will serve as a primary basis for your investment decision, and that is individualized to the particular needs of your IRA or plan account. 14  • • • • • • General information and education about the financial markets, asset allocations, financial planning illustrations and the advantages and risks of particular investments; General information and education about issues and options that should be considered when deciding whether to rollover or transfer Retirement Account assets to us; Recommendations about investments held in accounts that are not Retirement Accounts or held in accounts at financial institutions other than Landolt Securities Inc. and for which we do not act as broker of record; Recommendations that you execute at another financial institution; Transactions or trades you execute without a recommendation from us, or that are contrary to, or inconsistent with, our recommendation; and Recommendations that do not meet the definition of fiduciary “investment advice” in Department of Labor regulation section 2510.3-21. general information education Plan to IRA Rollovers. We may provide (1) and to you recommendation about the factors you should consider when deciding whether to move retirement assets to that you move your retirement assets to Landolt Securities Inc., or (2) a Landolt Securities Inc. If we provide a rollover recommendation, our analysis of the costs and services of your retirement plan depends on the information you provide to us (or in certain circumstances, information we obtain from third-parties about the plan (or similar types of plans)). IRA Transfers. If Landolt Securities Inc. recommends that you move assets from an IRA at another financial institution to Landolt Securities Inc., we determined that the recommendation is in your best interest for these reasons: • • Greater services and/or other benefits can be achieved with a Landolt Securities Inc. IRA, and The costs associated with a Landolt Securities Inc. IRA are justified by these services and features. Notwithstanding whether a recommendation has been made, for any assets you decide to transfer/rollover from an employee-sponsored plan or move from an IRA at another financial institution now or in the future, you should: (1) evaluate the investment and non- investment considerations important to you in making the decision; (2) review and understand the fees and costs associated with a Landolt Securities Inc. IRA; (3) recognize that higher net fees (if applicable) will substantially reduce your investment returns and ultimate retirement assets; and (4) understand the conflicts of interest raised by the financial benefits to Landolt Securities Inc. resulting from your decision to roll or transfer assets to a Landolt Securities Inc. IRA. 15  Advisory Services. If Landolt Securities Inc. recommends that you add retirement assets to an advisory program at Landolt Securities Inc., we determined it is in your best interest based on your stated investment profile because: • • The account services and features include one or more of the following: ongoing account monitoring, discretionary management, holistic investment advice, access to affiliated/third party managers, and/or automatic account rebalancing; and The asset-based costs associated with Landolt Securities Inc. advisory programs(s) are justified by these services and features. Brokerage Services and Products. If Landolt Securities Inc. recommends that you add retirement assets to a brokerage account (or product) at Landolt Securities Inc., we determined it is in your best interest based on your stated investment profile because: de • minimis The account services and features include one of more of the following: no or account minimums, fees paid on a transactional basis, and the ability to • maintain concentrated and illiquid positions; and The transaction-based costs associated with a Landolt Securities Inc. brokerage account are justified by these services and features. Notwithstanding whether a recommendation has been made, for any assets you decide to move into a brokerage or advisory account, you should: (1) evaluate the investment and non-investment considerations important to you in making the decision; (2) review and understand the fees and costs associated with the account; (3) recognize that higher net fees (if applicable) will reduce your investment returns and ultimate retirement assets; and (4) understand the conflicts of interest raised by the financial benefits to Landolt Securities Inc. resulting from your decision to move assets into the account. You are responsible for updating us if your investment objectives, risk tolerance and financial circumstances change. More information regarding Fees, Services and Conflicts. For a description of our Fees, Services, and Conflicts of Interest, please refer to our Form CRS at LandoltSecurities.com 16  Item 1 - Cover Page SCHEDULE 2B - BROCHURE SUPPLEMENT Donald T. McKiernan March 1, 2024 Landolt Securities, Inc. 900 North Shore Drive, Suite 279 Lake Bluff, IL 60044 Phone (847) 838-5151 This brochure supplement provides information about Donald T. McKiernan that supplements the Landolt Securities, Inc. (“LSI”) brochure. You should have received a copy of that brochure. Please contact us at (847) 838-5151 if you did not receive LSI's brochure or if you have any questions about the contents of this supplement. Additional information about Donald T. McKiernan (CRD No. 1305965) is available on the SEC's website at www.adviserinfo.sec.gov. 17  Item 2 - Educational Background and Business Experience Mr. McKiernan was born in 1957. He has over 20 years of investment management experience, primarily with several Chicago area firms, including The Chicago Corporation, Oberweis Securities, and Birkelbach Investments. For several years Mr. McKiernan wrote and published The McKiernan Report on small-cap growth stocks, as well as research reports on individual small-cap growth stocks. He has also been interviewed on several occasions by the ValueTrac audio newsletter. Mr. McKiernan holds a B.S. in Business Administration from Valparaiso University. Item 3 - Disciplinary Information Mr. McKiernan has no disciplinary information to disclose. He has not: (a) been party to a criminal or civil action in a domestic, foreign or military court, (b) been party to an administrative proceeding before the SEC, any other federal regulatory agency, any state regulatory agency or any foreign financial regulatory authority; or (c) been party to a self- regulatory proceeding. Item 4 - Other Business Activities Mr. McKiernan is on the Board of Directors for Forefront Telecare, Inc. and AVA Military, LLC. and he is also licensed to sell securities through Landolt Securities, Inc. Item 5 - Additional Compensation Mr. McKiernan receives commissions for the sale of securities, and he does not receive any additional economic benefit from third parties for providing advisory services. Item 6 - Supervision Mr. McKiernan is supervised by Matthew McKiernan who may be contacted at (847) 838- 5151. Matthew McKiernan and other individuals he designates regularly review the accounts for which Mr. Don McKiernan provides investment advisory services to monitor suitability of recommendations and compliance with regulatory and internal procedures. Item 7 - Requirements for State-Registered Advisers Mr. McKiernan has not been involved in: (a) any arbitration claim alleging damages in excess of $2,500 resulting in an award or being found liable; (b) any civil, self-regulatory organization, or administrative proceeding resulting in an award or being found liable; or (c) a bankruptcy petition, other than as disclosed in Item 3 above. 18  Item 1 - Cover Page SCHEDULE 2B - BROCHURE SUPPLEMENT Matthew T. McKiernan March 1, 2024 Landolt Securities, Inc. 900 North Shore Drive, Suite 279 Lake Bluff, IL 60044 Phone (847) 838-5151 This brochure supplement provides information about Matthew McKiernan that supplements the Landolt Securities, Inc. (“LSI”) brochure. You should have received a copy of that brochure. Please contact us at (847) 838-5151 if you did not receive LSI's brochure or if you have any questions about the contents of this supplement. Additional information about Matthew McKiernan (CRD No. 7006128) is available on the SEC's website at www.adviserinfo.sec.gov. 19  Item 2 - Educational Background and Business Experience Mr. McKiernan was born in 1996 in the northern suburbs of Chicago. Mr. McKiernan completed his undergraduate studies at Miami University (Sept. 2014 – May 2018), graduating with a B.S. in Finance and a minor in Entrepreneurship from the Farmer School of Business. In May 2018 Mr. McKiernan began work for the family business, Landolt Securities, where he contributes across all departments, including assisting with all back- office functions, participating in the preparation of the financial records and helping manage all areas of compliance. Prior to working at Landolt, Mr. McKiernan gained valuable professional business experience through summer internships with: The City of Lake Forest (2015), Grubbable (2016) and Aparium Hotel Group (2017). Mr. McKiernan currently holds the Series 7 66, & 24 licenses. Item 3 - Disciplinary Information Mr. McKiernan has no disciplinary information to disclose. He has not: (a) been party to a criminal or civil action in a domestic, foreign or military court, (b) been party to an administrative proceeding before the SEC, any other federal regulatory agency, any state regulatory agency or any foreign financial regulatory authority; or (c) been party to a self- regulatory proceeding. Item 4 - Other Business Activities Mr. McKiernan is not involved in other business activities. Item 5 - Additional Compensation Mr. McKiernan does not receive additional compensation. Item 6 - Supervision Mr. McKiernan is supervised by the firm’s CEO, Donald McKiernan, who may be contacted at (847) 838-5151. Donald McKiernan and other individuals he designates, regularly review the accounts for which Matthew McKiernan provides investment advisory services to monitor suitability of recommendations and compliance with regulatory and internal procedures. Item 7 - Requirements for State-Registered Advisers Mr. McKiernan has not been involved in: (a) any arbitration claim alleging damages in excess of $2,500 resulting in an award or being found liable; (b) any civil, self-regulatory organization, or administrative proceeding resulting in an award or being found liable; or (c) a bankruptcy petition, other than as disclosed in Item 3 above. 20  Item 1 - Cover Page SCHEDULE 2B - BROCHURE SUPPLEMENT Brian Staubus September 10, 2025 Landolt Securities, Inc. 900 North Shore Drive, Suite 279 Lake Bluff, IL 60044 Phone (847) 838-5151 This brochure supplement provides information about Brian Staubus that supplements the Landolt Securities, Inc. (“LSI”) brochure. You should have received a copy of that brochure. Please contact us at (847) 838-5151 if you did not receive LSI's brochure or if you have any questions about the contents of this supplement. Additional information about Brian Staubus (CRD No. 2154750) is available on the SEC's website at www.adviserinfo.sec.gov. 21  Item 2 - Educational Background and Business Experience Mr. Staubus was born in 1969. Mr. Staubus has 31 years of investment advising experience with Chicago-based firms including Madison Securities, Lexington Securities and Oberweis Securities Inc. Mr. Staubus successfully started and supervised an online trading operation in Chicago that was eventually acquired by another investment advisor. He holds a BBA from Kent State University in Finance. Item 3 - Disciplinary Information Mr. Staubus has no disciplinary information to disclose. He has not: (a) been party to a criminal or civil action in a domestic, foreign or military court, (b) been party to an administrative proceeding before the SEC, any other federal regulatory agency, any state regulatory agency or any foreign financial regulatory authority; or (c) been party to a self- regulatory proceeding. Item 4 - Other Business Activities Mr. Staubus is not involved in other business activities. Item 5 - Additional Compensation Mr. Staubus receives commissions for the sale of securities, and he does not receive any additional economic benefit from third parties for providing advisory services. Item 6 - Supervision Mr. Staubus is supervised by Matthew McKiernan who may be contacted at (847) 838- 5151. Mr. McKiernan and other individuals he designates regularly review the accounts for which Mr. Staubus provides investment advisory services to monitor suitability of recommendations and compliance with regulatory and internal procedures. Item 7 - Requirements for State-Registered Advisers Mr. Staubus has not been involved in: (a) any arbitration claim alleging damages in excess of $2,500 resulting in an award or being found liable; (b) any civil, self-regulatory organization, or administrative proceeding resulting in an award or being found liable; or (c) a bankruptcy petition, other than as disclosed in Item 3 above. 22  Item 1 - Cover Page SCHEDULE 2B - BROCHURE SUPPLEMENT Martin L. Yokosawa September 10, 2025 Landolt Securities, Inc. 9S040 Stearman Drive Naperville, IL 60564 Phone (630) 420-0221 Fax (630) 420-0221 This brochure supplement provides information about Martin L. Yokosawa that supplements the Landolt Securities, Inc. (“LSI”) brochure. You should have received a copy of that brochure. Please contact us at (847) 838-5151 if you did not receive LSI's brochure or if you have any questions about the contents of this supplement. Additional information about Martin L. Yokosawa (CRD No. 1297489) is available on the SEC's website at www.adviserinfo.sec.gov. 23  Item 2 - Educational Background and Business Experience Mr. Yokosawa was born in 1960. He has a B.S. in Finance from Northern Illinois University and an MBA from the University of Chicago. Mr. Yokosawa has been a broker and portfolio manager for over 35 years, including 23 consecutive years with the Oberweis management group, concluding with Oberweis Asset Management, Inc. (1994 to 2008). Mr. Yokosawa was a Vice President of The Chicago Corporation (1994 to December 1996). Mr. Yokosawa is president of Torii Asset Management and he has been the manager of the Torii Asset Management Division of Landolt Securities, Inc. since joining Landolt Securities Inc. in November 2008. Item 3 - Disciplinary Information Mr. Yokosawa has no disciplinary information to disclose. He has not: (a) been party to a criminal or civil action in a domestic, foreign or military court, (b) been party to an administrative proceeding before the SEC, any other federal regulatory agency, any state regulatory agency or any foreign financial regulatory authority; or (c) been party to a self- regulatory proceeding. Item 4 - Other Business Activities Mr. Yokosawa is licensed to sell insurance products through various insurance companies and securities through Landolt Securities, Inc. (d.b.a. Torii Asset Management). Mr. Yokosawa also serves as Trustee for his family trust. Item 5 - Additional Compensation Mr. Yokosawa receives commissions for the sale of insurance and securities, and he does not receive any additional economic benefit from third parties for providing advisory services. Item 6 - Supervision Mr. Yokosawa is supervised by Matthew McKiernan who may be contacted at (847) 838- 5151. Mr. McKiernan and other individuals he designates, regularly review the accounts for which Mr. Yokosawa provides investment advisory services to monitor suitability of recommendations and compliance with Advisor's regulatory and internal written supervisory procedures. Item 7 - Requirements for State-Registered Advisers Mr. Yokosawa has not been involved in: (a) any arbitration claim alleging damages in excess of $2,500 resulting in an award or being found liable; (b) any civil, self-regulatory organization, or administrative proceeding resulting in an award or being found liable; or (c) a bankruptcy petition, other than as disclosed in Item 3 above. 24  Item 1 - Cover Page SCHEDULE 2B - BROCHURE SUPPLEMENT Jeffrey M. Batterson September 10, 2025 Landolt Securities, Inc. 900 North Shore Drive, Suite 279 Lake Bluff, IL 60044 Phone (847) 838-5151 This brochure supplement provides information about Jeffrey M. Batterson that supplements the Landolt Securities, Inc. (“LSI”) brochure. You should have received a copy of that brochure. Please contact us at (847) 838-5151 if you did not receive LSI's brochure or if you have any questions about the contents of this supplement. Additional information about Jeffrey M. Batterson (CRD No. 2747931) is available on the SEC's website at www.adviserinfo.sec.gov. 25  Item 2 - Educational Background and Business Experience Mr. Batterson was born in 1974. What does it take to be a successful financial planner? Is it just a matter of having the right credentials, the right experience, and the right connections? Or is there something more to it? Something that sets apart the best from the rest? Meet Jeff Batterson. He works at Torii® Asset Management, a division of Landolt Securities, Inc. where he helps his clients preserve their capital, manage their portfolios, and achieve their financial goals. He joined Torii® Asset Management in 2009, but his journey started much earlier. In 2001, he landed a job at Oberweis Securities, Inc., one of the most prestigious investment firms in the world. There, he learned the secrets of high- level portfolio management from some of the brightest minds in the industry. He also contributed to The Oberweis Report, a global monthly publication that offers cutting-edge insights and advice to investors. He became a sought-after speaker at regional and national conferences for The American Association of Individual Investors, as well as local chapters for Investor’s Business Daily. He earned his B.S. in Marketing from Northern Illinois University and obtained the Certified Financial Planner (CFP®) designation, along with Series 7, 24, 63, 65. But Jeff is not just a numbers guy. He has a passion for adventure and exploration. He has hiked the Annapurna Circuit, a stunning trail that winds through the mountains of Nepal. He loves mountain biking and skiing, and lives in Park City, UT, where he enjoys the natural beauty and outdoor activities. Jeff is not an ordinary financial planner. He is an outlier. And he has a story to tell. Item 3 - Disciplinary Information Mr. Batterson has no disciplinary information to disclose. He has not: (a) been party to a criminal or civil action in a domestic, foreign or military court, (b) been party to an administrative proceeding before the SEC, any other federal regulatory agency, any state regulatory agency or any foreign financial regulatory authority; or (c) been party to a self- regulatory proceeding. Item 4 - Other Business Activities Insurance Agent Jeff Batterson is licensed to sell insurance through various insurance companies and securities through Landolt Securities, Inc. When acting in this capacity, Jeff Batterson will Real Estate Agent receive commissions for selling insurance and annuity products. Jeff Batterson is a licensed real estate agent in the State of Utah with Windermere Real Estate in Park City, UT. In this separate capacity as a licensed real estate agent, Jeff Batterson will earn commissions for real estate transactions. Clients of Torii Asset Management®, a division of Landolt Securities, Inc. are not obligated in any manner to use the real estate services provided by Jeff Batterson. 26  Item 5 - Additional Compensation Jeff Batterson receives commission for the sale of insurance and securities, and he does not receive any additional economic benefit from third parties for providing advisory services. Jeff Batterson earns commissions in his separate capacity as a licensed real estate agent, Item 6 - Supervision Windermere Real Estate in Park City, Utah. Mr. Batterson is supervised by Matthew McKiernan who may be contacted at (847) 838- 5151. Mr. McKiernan and other individuals he designates, regularly review the accounts for which Mr. Batterson provides investment advisory services to monitor suitability of recommendations and compliance with regulatory and written internal supervisory procedures. Item 7 - Requirements for State-Registered Advisers Mr. Batterson has not been involved in: (a) any arbitration claim alleging damages in excess of $2,500 resulting in an award or being found liable; (b) any civil, self-regulatory organization, or administrative proceeding resulting in an award or being found liable; or (c) a bankruptcy petition, other than as disclosed in Item 3 above. 27  Item 1 - Cover Page SCHEDULE 2B - BROCHURE SUPPLEMENT Scott W. Turner March 1, 2024 Landolt Securities, Inc. 900 North Shore Drive, Suite 279 Lake Bluff, IL 60044 Phone (847) 235-5064 This brochure supplement provides information about Scott W. Turner that supplements the Landolt Securities, Inc. (“LSI”) brochure. You should have received a copy of that brochure. Please contact us at (847) 838-5151 if you did not receive LSI's brochure or if you have any questions about the contents of this supplement. Additional information about Scott W. Turner (CRD No. 866513) is available on the SEC's website at www.adviserinfo.sec.gov. 28  Item 2 - Educational Background and Business Experience Mr. Turner was born in 1953. He graduated from Lake Forest College in 1976. He started his career in the financial services industry in 1978 working at Merrill Lynch. In 1981, Mr. Turner was a Registered Representative for The Chicago Corporation, in 1997 he moved to ABN Amro, Inc., and in 2001 he became an Investment Executive with Dain Rauscher Inc. In 2003 he joined Wayne Hummer Investments and in 2009 he joined Landolt Securities. Item 3 - Disciplinary Information Mr. Turner has no disciplinary information to disclose. He has not: (a) been party to a criminal or civil action in a domestic, foreign or military court, (b) been party to an administrative proceeding before the SEC, any other federal regulatory agency, any state regulatory agency or any foreign financial regulatory authority; or (c) been party to a self- regulatory proceeding. Item 4 - Other Business Activities Mr. Turner is also licensed to sell securities through Landolt Securities, Inc. Item 5 - Additional Compensation Mr. Turner receives commissions for the sale of securities, and he does not receive any additional economic benefit from third parties for providing advisory services. Item 6 - Supervision Mr. Turner is supervised by Matthew McKiernan who may be contacted at (847) 838-5151. Mr. McKiernan and other individuals he designates, regularly review the accounts for which Mr. Turner provides investment advisory services to monitor suitability of recommendations and compliance with regulatory and written internal supervisory procedures. Item 7 - Requirements for State-Registered Advisers Mr. Turner has not been involved in: (a) any arbitration claim alleging damages in excess of $2,500 resulting in an award or being found liable; (b) any civil, self-regulatory organization, or administrative proceeding resulting in an award or being found liable; or (c) a bankruptcy petition, other than as disclosed in Item 3 above. 29  Item 1 - Cover Page SCHEDULE 2B - BROCHURE SUPPLEMENT Giuseppe (“Joe”) Del Vecchio March 1, 2024 Landolt Securities, Inc. 5341 Brookhaven Dr. North Royalton, OH 44133 Phone (847) 838-5151 This brochure supplement provides information about Giuseppe Del Vecchio that supplements the Landolt Securities, Inc. (“LSI”) brochure. You should have received a copy of that brochure. Please contact us at (847) 838-5151 if you did not receive LSI's brochure or if you have any questions about the contents of this supplement. Additional information about Giuseppe Del Vecchio (CRD No. 4623756) is available on the SEC's website at www.adviserinfo.sec.gov. 30  Item 2 - Educational Background and Business Experience Mr. Del Vecchio was born in 1981. Mr. Delvecchio grew up in Cleveland, Ohio and resides in the area today. Mr. Del Vecchio has over 20 years of experience in the financial service industry, interning at Merrill Lynch throughout High School and College. Mr. Del Vecchio earned a B.S. Degree from Miami University (majoring in Finance and Economics) in 2002 and began his career as an Investment Executive at Fifth Third Securities, Inc. in 2003. Mr. Del Vecchio reached the level of Vice President at Fifth Third Securities, Inc., while managing client assets over $100 million. In 2017, Giuseppe joined Landolt Securities Inc. to continue working with clients, and to bring more value to his client relationships. Item 3 - Disciplinary Information Mr. Del Vecchio has no disciplinary information to disclose. He has not: (a) been party to a criminal or civil action in a domestic, foreign or military court, (b) been party to an administrative proceeding before the SEC, any other federal regulatory agency, any state regulatory agency or any foreign financial regulatory authority; or (c) been party to a self- regulatory proceeding. Item 4 - Other Business Activities Mr. Del Vecchio is also licensed to sell insurance through various insurance companies and securities through Landolt Securities, Inc. Item 5 - Additional Compensation Mr. Del Vecchio receives commissions for the sale of insurance and securities, and he does not receive any additional economic benefit from third parties for providing advisory services. Item 6 - Supervision Mr. Del Vecchio is supervised by Matthew McKiernan who may be contacted at (847) 838- 5151. Mr. McKiernan and other individuals he designates, regularly review the accounts for which Mr. Del Vecchio provides investment advisory services to monitor suitability of recommendations and compliance with the Adviser's regulatory and internal written supervisory procedures. Item 7 - Requirements for State-Registered Advisers Mr. Del Vecchio has not been involved in: (a) any arbitration claim alleging damages in excess of $2,500 resulting in an award or being found liable; (b) any civil, self-regulatory organization, or administrative proceeding resulting in an award or being found liable; or (c) a bankruptcy petition, other than as disclosed in Item 3 above. 31  Item 1 - Cover Page SCHEDULE 2B - BROCHURE SUPPLEMENT Tyler Reinhard March 1, 2024 Landolt Securities, Inc. 900 North Shore Drive, Suite 279 Lake Bluff, IL 60044 Phone (847) 838-5151 This brochure supplement provides information about Tyler Reinhard that supplements the Landolt Securities, Inc. (“LSI”) brochure. You should have received a copy of that brochure. Please contact us at (847) 838-5151 if you did not receive LSI's brochure or if you have any questions about the contents of this supplement. Additional information about Tyler Reinhard (CRD No. 6366204) is available on the SEC's website at www.adviserinfo.sec.gov. 32  Item 2 - Educational Background and Business Experience Mr. Reinhard was born in 1983 and is a resident of Kimberly, WI. Prior to Joining Landolt Securities, Mr. Reinhard spent over 12 years working with businesses in Management, Operations, Information Systems, Customer Service and Bookkeeping. Mr. Reinhard has been involved in securities since 2014 when he joined Landolt Securities. Mr. Reinhard earned his Associate Degree in Computer Information Science from Northeastern Wisconsin Technical College and holds Series 7, 24 and Series 66 licenses. Mr. Reinhard is also an FAA licensed private pilot. Item 3 - Disciplinary Information Mr. Reinhard has no disciplinary information to disclose. He has not: (a) been party to a criminal or civil action in a domestic, foreign, or military court, (b) been party to an administrative proceeding before the SEC, any other federal regulatory agency, any state regulatory agency or any foreign financial regulatory authority; or (c) been party to a self- regulatory proceeding. Item 4 - Other Business Activities Mr. Reinhard is also licensed to sell securities through Landolt Securities, Inc. Mr. Reinhard is also licensed with TKC Wealth Management LLC, a TX state registered investment advisory firm, and serves as their Chief Compliance Officer. He does not provide advisory services through TKC Wealth Management. Item 5 - Additional Compensation Mr. Reinhard receives commissions for the sale of securities, and he does not receive any additional economic benefit from third parties for providing advisory services. Item 6 - Supervision Mr. Reinhard is supervised by Matthew McKiernan who may be contacted at (847) 838- 5151. Mr. McKiernan and other individuals he designates, regularly review the accounts for which Mr. Reinhard provides investment advisory services to monitor suitability of recommendations and compliance with the Adviser's regulatory and internal written supervisory procedures. Item 7 - Requirements for State-Registered Advisers Mr. Reinhard has not been involved in: (a) any arbitration claim alleging damages in excess of $2,500 resulting in an award or being found liable; (b) any civil, self-regulatory organization, or administrative proceeding resulting in an award or being found liable; or (c) a bankruptcy petition, other than as disclosed in Item 3 above. 33  Item 1 - Cover Page SCHEDULE 2B - BROCHURE SUPPLEMENT Nathan Derks March 1, 2024 Landolt Securities, Inc. 2125 W. Washington St. West Bend, WI 53095 Phone (847) 838-5151 This brochure supplement provides information about Nathan Derks that supplements the Landolt Securities, Inc. (“LSI”) brochure. You should have received a copy of that brochure. Please contact us at (847) 838-5151 if you did not receive LSI's brochure or if you have any questions about the contents of this supplement. Additional information about Nathan Derks (CRD No. 5008765) is available on the SEC's website at www.adviserinfo.sec.gov. 34  Item 2 - Educational Background and Business Experience Mr. Derks is a resident of Pewaukee, WI, and has been involved in investments since 2009. Mr. Derks joined the Investment Center of Wisconsin in 2009, and was registered with this firm through September 2017, when he joined Landolt Securities. Mr. Derks earned a B.A. Degree from Loras College in English Literature, and a B.S. Degree from Colorado State University in Accounting. Item 3 - Disciplinary Information Mr. Derks has no disciplinary information to disclose. He has not: (a) been party to a criminal or civil action in a domestic, foreign or military court, (b) been party to an administrative proceeding before the SEC, any other federal regulatory agency, any state regulatory agency or any foreign financial regulatory authority; or (c) been party to a self- regulatory proceeding. Item 4 - Other Business Activities Mr. Derks is also licensed to sell insurance through various insurance companies and securities through Landolt Securities, Inc. Mr. Derks is also an owner of Tax Center of Wisconsin LLC, where he provides accounting and tax preparation services. He spends 30 hours per month in this activity during tax season. Item 5 - Additional Compensation Mr. Derks receives commissions for the sale of securities, and he does not receive any additional economic benefit from third parties for providing advisory services. Item 6 - Supervision Mr. Derks is supervised by Matthew McKiernan who may be contacted at (847) 838-5151. Mr. McKiernan and other individuals he designates, regularly review the accounts for which Mr. Derks provides investment advisory services to monitor suitability of recommendations and compliance with the Adviser's regulatory and internal written supervisory procedures. Item 7 - Requirements for State-Registered Advisers Mr. Derks has not been involved in: (a) any arbitration claim alleging damages in excess of $2,500 resulting in an award or being found liable; (b) any civil, self-regulatory organization, or administrative proceeding resulting in an award or being found liable; or (c) a bankruptcy petition, other than as disclosed in Item 3 above. 35  Item 1 - Cover Page SCHEDULE 2B - BROCHURE SUPPLEMENT Victor Trebules III April 1, 2024 Landolt Securities, Inc. 900 North Shore Dr, Suite 279 Lake Bluff, IL 60044 Phone (847) 838-5151 This brochure supplement provides information about Victor Trebules III that supplements the Landolt Securities, Inc. (“LSI”) brochure. You should have received a copy of that brochure. Please contact us at (847) 838-5151 if you did not receive LSI's brochure or if you have any questions about the contents of this supplement. Additional information about Victor Trebules III (CRD No. 4214235) is available on the SEC's website at www.adviserinfo.sec.gov. 36  Item 2 - Educational Background and Business Experience Mr. Trebules was born in 1977. He has worked in the financial services industry for over 23 years and is a CERTIFIED FINANCIAL PLANNER™, who offers professional comprehensive financial planning services to individuals and small businesses. He helps his clients define and achieve their financial goals, enabling them to grow and preserve their total wealth. He currently holds the Series 7, 24, 53, 63 and 65 licenses. Mr. Trebules graduated from the University of Maryland’s Robert H. Smith School of Business with a B.S. in finance. He also earned his MBA from the University of Maryland Global Campus. Item 3 - Disciplinary Information Mr. Trebules has no disciplinary information to disclose. He has not: (a) been party to a criminal or civil action in a domestic, foreign, or military court, (b) been party to an administrative proceeding before the SEC, any other federal regulatory agency, any state regulatory agency or any foreign financial regulatory authority; or (c) been party to a self-regulatory proceeding. Item 4 - Other Business Activities Mr. Trebules is also licensed to sell securities through Landolt Securities, Inc. Item 5 - Additional Compensation Mr. Trebules receives commissions for the sale of securities, and he does not receive any additional economic benefit from third parties for providing advisory services. Item 6 - Supervision Mr. Trebules is supervised by Matthew McKiernan who may be contacted at (847) 838-5151. Mr. McKiernan and other individuals he designates regularly review the accounts for which Mr. Trebules provides investment advisory services to monitor suitability of recommendations and compliance with the Adviser’s regulatory and internal written supervisory procedures. Item 7 - Requirements for State-Registered Advisers Mr. Trebules has not been involved in: (a) any arbitration claim alleging damages in excess of $2,500 resulting in an award or being found liable; (b) any civil, self-regulatory organization, or administrative proceeding resulting in an award or being found liable; or (c) a bankruptcy petition, other than as disclosed in Item 3 above. 37  Item 1 - Cover Page SCHEDULE 2B - BROCHURE SUPPLEMENT Justin Seurer October 10, 2025 Landolt Securities, Inc. 5159 Main St. E. Suite 110 Maple Plain, MN 55359 Phone (847) 838-5151 This brochure supplement provides information about Nathan Derks that supplements the Landolt Securities, Inc. (“LSI”) brochure. You should have received a copy of that brochure. Please contact us at (847) 838-5151 if you did not receive LSI's brochure or if you have any questions about the contents of this supplement. Additional information about Justin Seurer (CRD No. 6915594) is available on the SEC's website at www.adviserinfo.sec.gov. 38  Item 2 - Educational Background and Business Experience Mr. Seurer is a resident of Eden Prairie, MN, has been a licensed attorney since 2002, and has been involved in investments since 2018. Mr. Seurer joined Sanford Bernstein in 2018, and was then registered with RBC Capital Markets in 2024, until 2025 when he joined Landolt Securities. Mr. Seurer earned his Juris Doctor in 2002 and earned a Double Major in Business & Political Science from the University of South Dakota. Item 3 - Disciplinary Information Mr. Seurer has no disciplinary information to disclose. He has not: (a) been party to a criminal or civil action in a domestic, foreign or military court, (b) been party to an administrative proceeding before the SEC, any other federal regulatory agency, any state regulatory agency or any foreign financial regulatory authority; or (c) been party to a self- regulatory proceeding. Item 4 - Other Business Activities Mr. Seurer is also licensed to sell insurance through various insurance companies and securities through Landolt Securities, Inc. Mr. Seurer is also a licensed Major League Baseball agent through his company, Midwest Sports Council, Inc. Additionally, he owns part of Zomer Farms, LLC, a licensed Minnesota cannabis company. He spends approximately 40 hours per month on these activities. Item 5 - Additional Compensation Mr. Seurer receives commissions for the sale of securities, and he does not receive any additional economic benefit from third parties for providing advisory services. Item 6 - Supervision Mr. Seurer is supervised by Matthew McKiernan who may be contacted at (847) 838-5151. Mr. McKiernan and other individuals he designates, regularly review the accounts for which Mr. Seurer provides investment advisory services to monitor suitability of recommendations and compliance with the Adviser's regulatory and internal written supervisory procedures. Item 7 - Requirements for State-Registered Advisers Mr. Seurer has not been involved in: (a) any arbitration claim alleging damages in excess of $2,500 resulting in an award or being found liable; (b) any civil, self-regulatory organization, or administrative proceeding resulting in an award or being found liable; or (c) a bankruptcy petition, other than as disclosed in Item 3 above. 39