Description of Firm Garrison Murphy Wealth Management, LLC is a registered investment adviser primarily based in Buffalo, NY. We are organized as a limited liability company ("LLC") under the laws of the State of DE. We have been providing investment advisory services since August 31, 2018. We are primarily owned by Twenty-One-Twenty, Inc., and TEEM Eire Inc., and indirectly owned by Nickole M. Garrison and Todd R. Murphy. The following paragraphs describe our services and fees. Refer to the description of each investment advisory service listed below for information on how we tailor our advisory services to your individual needs. As used in this brochure, the words "we," "our," and "us" refer to Garrison Murphy Wealth Management, LLC and the words "you," "your," and "client" refer to you as either a client or prospective client of our firm. Wealth Advisory Services We provide integrated wealth advisory services to our clients taking into account the desired outcome, level of complexity and overall scope of engagement as determined during initial and ongoing meetings. As part of providing these integrated services we may offer advice on a variety of interrelated issues including situational analysis, cash flow, budgeting, financial planning, estate planning, discretionary portfolio management services, risk mitigation and family education/sustainability services. All services are conducted in coordination with the clients' outside advisors including accountants, insurance providers and attorneys. Our investment advice is tailored in all cases to meet our clients' needs, circumstances and investment objectives. If you participate in our discretionary portfolio management services, we require you to grant our firm discretionary authority to manage your account. Discretionary authorization will allow us to determine the specific securities, and the amount of securities, to be purchased or sold for your account without your approval prior to each transaction. Discretionary authority is typically granted by the investment advisory agreement you sign with our firm and the appropriate trading authorization forms. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased or sold for your account) by providing our firm with your restrictions and guidelines in writing. Our investment process seeks to combine our outlook for general market returns over time with our determination of client objectives and constraints in a portfolio of risk exposures thoughtfully implemented in a way that, in our judgement, is likely to provide the highest probability of successfully attaining those objectives after fees and taxes. As a result of our integrated approach to wealth advisory services, our investment process places separate emphasis on the awareness and use of potential "structural" decisions when investing on behalf of our clients who more often than not have meaningful levels of complexity in the scale, variety, use and titling of assets they engage us in managing. An example of such structural decisions might arise from our awareness of variation in the tax treatment of particular security types/holding vehicles and our resulting efforts to choose specific locations among client legal entities to maximize the after-tax results of ownership. We view these decisions in aggregate as a complementary source of after-fee/after-tax performance to the more traditional spheres of asset allocation and manager selection. As part of our portfolio management services and in addition to other types of investments (see disclosures below in this section), we may invest some or all of your assets according to one or more model portfolios developed by our firm. These models are designed for investors with varying degrees of risk tolerance, ranging from a more aggressive investment strategy to a more conservative investment approach. Clients whose assets are invested in model portfolios may not set restrictions on the specific holdings or allocations within the model, nor the types of securities that can be purchased in the model. Nonetheless, clients may impose restrictions on investing in certain securities or types of securities in their account. In such cases, this may prevent a client from investing in certain models that are managed by our firm. We may also offer non-discretionary portfolio management services. If you enter into non-discretionary arrangements with our firm, we must obtain your approval prior to executing any transactions on behalf of your account. You have an unrestricted right to decline to implement any advice provided by our firm on a non-discretionary basis. Selection of Other Advisers As part of our portfolio management services, we may recommend that you use the services of a third- party money manager ("TPMM") to manage all, or a portion of, your investment portfolio. After gathering information about your financial situation and objectives, we may recommend a specific TPMM or investment program to manage part of your assets. Factors that we take

into consideration when making our decision(s) include, but are not limited to, the following: the TPMM's performance, methods of analysis, fees, your financial needs, investment goals, risk tolerance, and investment objectives. The TPMM(s) will utilize individual strategies according to client objectives and restraints. We will monitor the TPMM(s)' performance to ensure its management and investment style remains aligned with your investment goals and objectives. The TPMM(s) will actively manage part of your portfolio and will assume discretionary investment authority over that portion of your account. We will assume discretionary authority to hire and fire TPMM(s) and/or reallocate your assets to other TPMM(s) where we deem such action appropriate without your prior approval. Types of Investments We offer advice on equity securities, corporate debt securities (other than commercial paper), municipal securities, mutual fund shares, United States government securities, money market funds, real estate, REITs, ETFs, Digital Assets and Virtual Currencies, interests in partnerships investing in the public and private equity and/or debt of operating companies, real estate and oil and gas interests. Additionally, we may advise you on various types of investments based on your stated goals and objectives. We may also provide advice on any type of investment held in your portfolio at the inception of our advisory relationship. Since our investment strategies and advice are based on each client’s specific financial situation, the investment advice we provide to you may be different or conflicting with the advice we give to other clients regarding the same security or investment. Private Placement Investments When suitable for clients, typically accredited investors, qualified clients, and/or qualified purchasers (as those terms are defined by the Securities and Exchange Commission) with limited liquidity needs only, we may recommend and assist clients in making investments in private funds. Any private investments will be conducted exclusively via private funds offered and overseen by a reputable manager with recognizable institutional expertise in the targeted investment area. These funds are chosen when we believe they may offer some combination of:
• exposure to assets or investment strategies that may be uncorrelated, or less correlated, to the broad publicly traded equity and debt markets
• attractive sources of return from the assets or trading strategy that may be otherwise inaccessible or heavily constrained when offered in public investment vehicles To evaluate the relative attractiveness between private investments and publicly-traded alternatives after considering the added risk factors and implementation issues inherent in private investments, we will typically complete some or all of the following analysis before making any initial investment recommendation, and during the ongoing period that we hold exposure to that investment:
• Initial and ongoing due diligence of the manager and the investment offering that may include: ▪ Review of fund subscription materials, audited financials, historical tax reporting samples, historical investment commentary and other reporting furnished by fund manager or sponsor ▪ In-person or remote attendance at fund manager or sponsor update calls, webinars, or meetings ▪ Fund performance reviews: monthly, quarterly, semi-annual, or annual ▪ Discussion with other investors and review of third-party due diligence sources for the manager and the fund
• Coordinating tax document delivery and ongoing tax planning related to the fund with client CPAs to monitor any unique income character and ancillary filing requirements resulting from the private structure itself or the underlying investment activity
• Evaluation and integration of applicable fund liquidity opportunities within the context of, but not limited to, client goals, objectives, tax situation, need for liquidity, and estate planning
• Discretionary management and handling of all intervening private fund cash flows – including but not limited to - initial commitments, ongoing capital calls, income/capital distributions, voluntary/involuntary redemption activity, sequential commitment structuring, target illiquidity maintenance at the portfolio level
• Awareness and integration of any unique return/risk attributes for each individual fund and the private fund commitment as a whole with the consolidated portfolio construction and expected interaction between other client investments
• Ongoing performance/valuation reporting maintenance for all individual private investments and the private fund commitment as a whole – fully integrated into the client’s consolidated performance/risk reporting which covers all public and private investments across the portfolio Assets Under Management As of December 31, 2023, we provide continuous management services for $208,777,515 in client assets on a discretionary basis and $0 on a non-discretionary basis.