A. Description of the Advisory Firm B. Types of Advisory Services Financial Planning Financial planning services and advice may be rendered in the following areas: retirement planning, risk management, education planning, estate planning, tax planning, asset allocation, investment selection and business planning. Financial planning services may also include consultations and/or written plans that analyze a client’s financial situation and offer appropriate recommendations and strategies. Financial planning recommendations are not required to be implemented with Murphy & Sylvest. These services are based on fixed fees and the final fee structure is documented in Exhibit I of the Financial Planning Agreement. Project-Based Assignments M&S offers one-time consultations and project-based work for clients upon request. Fees will be negotiated and agreed upon in writing in advance and will depend on complexity. Services Limited to Specific Types of Investments M&S generally limits its investment advice and/or money management to mutual funds, equities, bonds, fixed income, ETFs, REITs, insurance products (including annuities), government securities and some alternative investments. M&S may use other securities to help diversify a portfolio when applicable Written Acknowledgement of Fiduciary Status When M&S provides investment advice to clients regarding retirement plan accounts, individual retirement accounts, or other brokerage accounts, M&S acts as fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable. The way M&S is compensated creates some conflicts with client’s interests, so M&S operates under a special rule that requires acting in client’s best interests, not putting M&S interests ahead of client’s. Under this special rule’s provisions, M&S must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put M&S financial interests ahead of client’s when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of

interest, fees, and investments;
• Follow policies and procedures designed to ensure that advice given is in client’s best interest;
• Charge no more than is reasonable for our services; and
• Give clients basic information about conflicts of interest. M&S offers the same suite of services to all clients. Specific client financial plans and their implementation are dependent on each client’s current situation as well as their goals and objectives. In the event the client also desires M&S to manage their portfolio, we work with the client to develop an Investment Policy Statement that supports their financial planning goals, outlines their portfolio construction and takes into consideration their income, tax level, and risk tolerance. Clients may impose restrictions in investing in certain securities or types of securities in accordance with their values or beliefs. However, if the restrictions prevent M&S from properly servicing the client account, or if the restrictions would require M&S to deviate from its standard suite of services, M&S reserves the right to end the relationship. M&S does not sponsor wrap fee programs, which is an investment program where the investor pays one stated fee that includes management fees, transaction costs, fund expenses, and any other administrative fees. M&S does not manage the investments in a wrap fee program. M&S may refer clients to other Third-Party Managers who as part of their investment programs offer wrap accounts. M&S has the following assets under management: Discretionary Amounts: Non-discretionary Amounts: Date Calculated: $319,631,225.00 $1,696,903.00 December 2023 Investment Supervisory Services Fees Total Assets Under Management Annual Fee All Assets Under Management Maximum 1.25% Fees are negotiable depending upon the needs of the client, complexity of the situation and the third-party manager if applicable. In general, fees may reduce as the aggregate assets under management increase. Fees are paid quarterly in arrears (in the case of C. Client Tailored Services and Client Imposed Restrictions D. Wrap Fee Programs E. Amounts Under Management