Nestlerode & Loy, Inc, formerly Nestlerode & Co., Inc. has been in business since August 1937. The principal owners of the firm are Daniel J. Nestlerode and Judy L. Loy, CEO. Judy Loy is purchasing the remainder of Daniel Nestlerode’s common shares over the next two (2) years per their shareholder agreement. Daniel Nestlerode retired from Nestlerode & Loy, Inc. effective December 30, 2022. Nestlerode & Loy, Inc. provides continuous investment advisory supervision, determining the amount, type, and specific investments to buy or sell and completing the appropriate transactions in each advisory account with full investment discretion. Within our general investment objectives, we further tailor individual accounts as required by our clients. For example, we have clients who restrict investment in tobacco firms, firms that make or distribute alcohol, and firms that produce weapons or weapon systems. Additionally, we tailor our investment portfolios to meet the requirements of non-profit institutions’ policies for diversification and or investment restrictions. We offer ESG portfolios for clients through ETF and mutual funds. Tailoring is done on an individual portfolio basis. As part of our Investment Advisory services, we work with clients to do an overall financial plan, which includes but is not limited to: Social Security Planning, MoneyGuide Pro plans, Retirement Contributions, Retirement Distribution planning, Charitable Gifts and Debt Management. Wrap fee programs: None The amount of client assets managed on a discretionary basis totaled $161,534,717 as of 11/30/2023. Nestlerode & Loy, Inc. provides discretionary investment advisory services on a fee basis as described below and provides investment consultation (non-continuous investment advice and planning) upon request at the rate of $250.00 per hour. Fee is billed monthly until completion of the consultation. The minimum consultation fee is $500.00. This fee may be reduced due to individual circumstances and work being delegated to salaried staff. Item 5 – Fees and Compensation The specific way fees are charged by Nestlerode & Loy, Inc. is established in a client’s written agreement with Nestlerode & Loy, Inc. The advisor will generally bill its management fees on a quarterly basis (three-month intervals, not necessarily at the end of calendar quarters) based on the market value of each account on the third Friday of the appropriate month. Individuals may have multiple accounts. Each account will be charged according to its individual investment objective (IO). Fees may be discounted at the discretion of the Advisor. An account will consist of equities and/or a combination of equities, fixed income and publicly traded REITs to achieve the total return expectation and risk tolerance of the client by investing in multiple asset classes (i.e. large, mid, small cap stocks, investment grade, high yield and foreign stocks) and various investment styles (including but not limited to aggressive growth, growth, growth & income, aggressive income and asset allocation.) Annual fee schedule (post 8/2011): Under $500,000 1.5% of assets under management $500,000 - $2,000,000 1.0% of assets over $500,000 $2,000,000 - $5,000,000 0.75% of assets

over $2,000,000 Over $5,000,000 0.60% of assets over $5,000,000 Please Note: Cash Positions: At any specific point in time, depending upon perceived or anticipated market conditions/events (there being no guarantee that such anticipated market conditions/events will occur), Nestlerode & Loy, Inc. maintains cash positions for defensive purposes. All cash positions (money markets, etc.) shall be included as part of assets under management for purposes of calculating the advisory fee. Nestlerode & Loy, Inc.’s Chief Compliance Officer, Jody Sharer, remains available to address any questions that a client or prospective may have regarding the above fee billing practice. Nestlerode & Loy, Inc. has limited custody solely as a result of receiving fees directly deducted from client’s funds or securities because Nestlerode & Loy, Inc. possesses written authorization from the client to deduct advisory fees from an account held by a qualified custodian; sends the qualified custodian written notice of the amount of the fee to be deducted from the client’s account and; sends the client a written invoice itemizing the fee, including any formulae used to calculate the fee, the time period covered by the fee and the amount of assets under management on which the fee is based. Management fees shall not be prorated for each capital contribution and withdrawal made during the applicable calendar quarter. Nestlerode & Loy, Inc.’s fees are exclusive of transaction fees, and other related costs and expenses which shall be incurred by the client. Clients may incur certain charges imposed by custodians, brokers, and other third parties such as fees charged by managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities transactions. Mutual funds and exchange traded funds also charge internal management fees, which are disclosed in a funds’ prospectus. Any 12b-1 paid to the firm in a managed account is refunded to the client by RBC. First run fixed income offerings may also pay an additional markup which is disclosed on the trade confirmation. No advisor is paid on markup or ticket charges. Such charges, fees and commissions are exclusive of and in addition to Nestlerode & Loy, Inc.’s Advisory fees. RBC charges an annual fee of $50 per non-retirement account who opt for paper statements, confirmations, etc. and an annual fee of $35 per retirement account under $150,000. RBC also charges a postage charge on each non-mutual fund trade of $3. No fees are payable in advance. New clients may cancel the advisory account within five business days without charge. Fees are negotiable in certain instances as determined by the advisor and agreed to in writing by the advisory client. Clients may terminate their agreement with Nestlerode & Loy, Inc. with written notice at any time. A pro-rated, closing management fee does apply if the account(s) have been open longer than a five-business day period. Item 12 further describes the factors that Nestlerode & Loy, Inc. considers in selecting or recommending broker-dealers for client transactions and determining the reasonableness of their compensation (e.g., commissions).