Medallion Wealth Advisors, LLC (“MWA, we, us, our, ours”) is registered as an investment advisor with the United States Securities and Exchange Commission. Our principal place of business is located in Farmington, Connecticut. Medallion Wealth Advisors is a limited liability company formed in 2010 under the laws of Connecticut. MWA began conducting business in 2011. E. Thorson Cheyne is the Sole Member of the company. The Wrap Fee Program Services The Wrap Fee Program (“Program”) offers individualized portfolio management, asset allocation, portfolio monitoring, and consolidated reporting. Portfolios are not limited to any specific product offered by a broker/dealer and will generally include mutual funds, exchange traded funds (“ETFs”), stocks, corporate debt securities, municipal securities, United States governmental securities and certificates of deposit. Your portfolio (“account” or “investment account”) and the investment strategies utilized are determined based upon your specific individual investment objectives, goals and risk tolerances. We may periodically adjust your account (a process referred to as “rebalancing”) to help ensure that your investment account remains consistent with your objectives, goals, and risk tolerances. Automatic rebalancing will only occur in discretionary accounts. For non-discretionary accounts, we will obtain the client’s prior approval before entering any rebalancing transaction. We rely on you to notify us of any changes in your objectives, goals and risk tolerances, as well as any other material changes in your personal circumstances (such as your employment, marital status, financial condition, etc.). These changes may prompt changes in your investment account and the investment strategies employed. We manage these advisory accounts on either a discretionary (meaning that the client authorizes us to make specific investment decisions on their behalf) and non- discretionary basis (meaning that we must obtain the client’s specific prior approval before each and every transaction can be affected for their investment account). Whether we are authorized to exercise discretion with respect to the client’s investment account is the client’s choice. When the client establishes an advisory relationship with us, we will ask that the client advise us in writing how they would like us to handle their account. The scope of the discretionary authority that a client may grant to us is limited to selecting specific investments for their account and deciding how to allocate their assets among those investments. We may decide if and when to buy, hold, or sell those investments. Once a client has granted discretionary authority to us, it is effective until the client changes it or revokes it in writing. 5 | P a g e Clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. The annualized fee for Portfolio Management Services will be charged as a percentage of assets under management, according to the following schedule: Assets Managed by Medallion Wealth Advisors Portfolio value under management Annual Fee First $500,000 1.30% Next $500,000 1.00% Next $1,000,000 0.95% Above $2,000,000 0.90% Medallion Wealth Advisors' annual fee shall be prorated and charged quarterly, in advance, based upon the market value of the assets on the last day of the previous quarter. Fees are debited from client accounts, unless the client requests in writing to be billed and paid separately. Medallion Wealth Advisors, in its sole discretion, may negotiate to charge a lesser management fee based upon certain criteria (i.e., anticipated future earning capacity, anticipated future additional assets, dollar amount of assets to be managed, related accounts, account composition, pre-existing client, account retention, pro bono activities, etc.).

Clients may terminate the agreement without penalty, for a full refund of MWA’s fees within five business days of signing the advisory agreement. Thereafter a client relationship may be cancelled at any time, by either party, for any reason upon receipt of written notice. A client may receive a refund of a pre-paid fee if the advisory contract is terminated before the end of the billing period. The refund will be calculated based on the number of unused days of service. No transaction fees (“ticket charges”) are assessed for trades in the Program Account, except for nominal transaction charges that are not controlled by Medallion Wealth Advisors or the custodian/broker-dealer, such as those that may be imposed by the SEC. This wrap fee program may cost you more or less than purchasing these services separately, depending on the amount of trading activity in your account, the value of services that are provided to you under this program, and other factors. Therefore, investment advisory representatives may have a financial incentive to recommend the wrap fee program over other programs or services. We do not charge our clients higher advisory fees based on their trading activity, but you should be aware that we may have an incentive to limit our trading activities in your account(s) because we are charged for executed trades. Generally, wrap programs may result in higher overall costs to you in accounts that experience little trading activity. 6 | P a g e Our fees may be higher or lower than the fees charged by other advisers for similar services. In addition to our fee, certain additional charges may be assessed. These fees are not assessed by or paid to MWA, and may include:
• internal fees and expenses charged by mutual funds or ETFs;
• maintenance and termination fees for IRAs, certain retirement and qualified accounts; and
• other fees and taxes on brokerage accounts and securities transactions. All fees paid to us for investment advisory services are separate and distinct from the fees and expenses charged by mutual funds and/or ETFs to their shareholders. These fees and expenses are described in each fund’s prospectus. These fees will generally include a management fee, other fund expenses, and a possible distribution fee. MWA will not participate in the sharing of fees charged by the mutual fund. Management personnel and other investment advisory representatives (“IAR”) of our firm may also be registered representatives of American Portfolio Financial Services, Inc., a broker-dealer that is a member of Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). MWA is not affiliated with American Portfolio Financial Services, Inc. If a client chooses to effect securities transactions through an IAR in his/her capacity as a registered representative of a broker-dealer, the IAR may receive commissions and other compensation from those transactions. For example, the IAR may receive 12b-1 fees, which are fees paid by mutual fund companies for the on-going marketing of their investment products. Management personnel and other IARs of our firm may be licensed as insurance agents or brokers through various insurance companies that are unaffiliated with MWA. As such, they may receive commissions from any insurance products the client purchases through them. The arrangements described above may present a conflict of interest to the extent that these individuals recommend that a client invest in a security which results in a commission being paid to the individuals. We are nonetheless committed to acting in your best interests at all times. Clients are not under any obligation to engage these individuals when considering implementation of advisory recommendations. The implementation of any or all recommendations is solely at the discretion of the client. 7 | P a g e