A. Advisory Firm Hutchinson & Ziegler Financial Advisors, Inc. was founded in 2003 by Heather Hutchinson, CFP®, as a sole proprietor under the name of Hutchinson Financial Management. Eric Ziegler joined the firm in 2006, and became a 50% owner when the company reformed as Hutchinson & Ziegler Financial Advisors, Inc. in 2007. Heather and Eric are married and are the sole owners and advisors at HZFA. B. Advisory Services Investment Management - HZFA provides investment management services that include the development of an investment policy that is unique to each client, presentation and implementation of investment recommendations, and ongoing supervision and management of client investment assets. Other services include tax-related management and reporting, periodic rebalancing, semi- annual and annual reviews with clients, quarterly newsletter and periodic market commentary communications, and annual performance reporting. HZFA does not provide tax or legal services. Financial Planning - In addition to investment management services, HZFA provides financial planning services to clients, which may include goal-based planning, cash-flow management, and general advice regarding mortgages, insurance, estate planning, tax planning, etc. Financial planning services are typically offered to investment management clients at no additional charge. HZFA may occasionally offer stand-alone planning services charged at an hourly rate. C. Customized Portfolios HZFA tailors individual client portfolios in the following ways:
• We review a client’s personal risk tolerance and time horizon,

and then allocate investments among stocks, bonds and cash in order to optimize the trade-off between risk and return for that particular client.
• We review a client’s liquidity needs to make sure they have sufficient cash on hand to fund regular and/or unexpected portfolio withdrawals.
• We gather information about each client’s tax situation to make sure that we are achieving the best possible investment returns on an after-tax basis.
• We make accommodations for investments that a client may hold that are outside of our standard recommendations. We make accommodations for clients who wish to engage in Socially Responsible Investing by researching and using SRI-strategy mutual funds. D. Wrap Fee Programs HZFA does not sponsor, advise or invest client assets in wrap fee programs. E. Discretionary Management HZFA manages all client accounts on a discretionary basis, which means that clients do not approve transactions prior to their execution. As of December 31, 2023, all of the Firm’s assets under management ($172.5 million) are managed on a discretionary basis. Fiduciary Status When HZFA provides investment advice to you regarding your investment accounts, including your retirement plan account or individual retirement account, we are fiduciaries within the meaning of certain state and federal laws such as the Employee Retirement Income Security Act and/or the Internal Revenue Code and the regulations of the U.S. Securities and Exchange Commission, as applicable. These regulations require us to act in your best interest and not put our interests ahead of yours.