Intercarolina Financial Services, Inc.

• A percentage of assets under your management

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

See the firm's brochure (dated April 30, 2026) for its fees and any account minimum, on the SEC's IAPD site.

$85,370,900 as of October 2026, filing dated September 30, 2026.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Portfolio management for individuals and/or small businesses

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2021 (5 years)

Employees

Total: 29. Performing investment advisory functions: 9.

Wrap fee program participation

No.

Other offices (Schedule D, Section 1.F)

9 other offices, as of the October 2026 filing

Cary, NCChapel Hill, NCConcord, NCGreensboro, NCLittle River, SCMurray, KYOakboro, NCSandy Springs, GAWahpeton, ND

States registered or notice-filed

15 states or jurisdictions

CAFLGAILKYMAMNNCNDNVSCSDTXVAWA

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

1 Reports 1 disclosure item on Form ADV Item 11. View on IAPD.

Questions answered yes on this filing

Regulatory matters Items 11.C to 11.G

• 11.E(2) Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures

Regulatory assets under management: $105,429,861 in the October 2021 data and $85,370,900 in the October 2026 data, down 19%.

Total employees: 11 in October 2021 and 29 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. May 2026
   • Its Item 11 disclosure answers changed.
   • Employees performing advisory functions went from 10 to 9.
   • Regulatory assets under management went from $130,750,464 to $85,370,900 (-35%).
   • Added an office in Sandy Springs, GA.
   • Registered or notice-filed in IL, VA, WA.

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.