Valley Financial Group, Inc. (VFG) has been in business since January 2021 as an independent registered investment advisor. However, the firm’s principals, Ed Woehlcke and Kevin McGarry together more than 20 years in the industry. VFG provides investment management services and financial planning to individuals, families, trusts, charitable organizations and foundations, businesses, and pension plans. VFG’s comprehensive process starts with a discovery meeting which is spent getting to know the client and what is most important to them, where the client is now financially and what they would like their money to accomplish for them. When appropriate for the client a customized plan is formed where we will weigh the financial implications of each goal discussed, and construct the framework for a plan that supports those goals. The plan will become a working document to help make client decisions. It will be used for investment purposes where we will recommend specific strategies to help match each of the client’s goals. Although certain financial circumstances may evolve over time, everything discussed with the client will refer back to the plan to ensure a consistent path to the client’s goals is being taken. We believe that managing client assets ourselves in adherence to the custom plan created for each client allows us to mutually and effectively meet client goals and objectives. We like to work hand in hand with clients, helping them navigate any online tools and client technology so that the client can always have a clear picture of how their assets are working for them. When we perform asset management services within a plan, we will do so on a discretionary basis. This means that while we will continue an ongoing relationship with each client, being involved in various stages of their lives and decisions to be made, we will not seek specific approval of changes to client accounts. Because we take discretion when managing accounts, clients engaging us will be asked to execute a Limited Power of Attorney (granting us the discretionary authority over the client accounts) as well as an Investment Advisory Agreement that outlines the responsibilities of both the client and VFG. Specific security changes will be implemented by VFG, or in the case of assets managed by a third party manager, by such third party manager. VFG may, however, have the discretion to hire and fire the third party manager, in which case that change would be made in keeping with client objectives but not necessarily with prior client authorization. In limited circumstances, we may provide asset management services on a non-discretionary basis, which means we will consult with the client prior to implementing any investment recommendation. Clients should be aware that some recommendations may be time-sensitive, in which case recommendations not implemented because we are unable to reach a non-discretionary client may not be made on a timely basis and therefore client’s account may not perform as well as it would have had VFG been able to reach the client for a consultation on the recommendation. Use of Third Party Managers VFG may select certain Third Party Managers to actively manage a portion of its clients’ assets. The specific terms and conditions under which a client engages a Third Party Manager may be set forth in a separate written agreement with the designated Third Party Manager. In addition to this brochure, clients may also receive the written disclosure documents of the respective Third Party Managers engaged to manage their assets. VFG evaluates a variety of information about Third Party Managers, which may include the Third Party Managers’ public disclosure documents, materials supplied by the Third Party Managers themselves and other third-party analyses it believes are reputable. To the extent possible, VFG seeks to assess the Third Party Managers’ investment strategies, past performance and risk results in relation to its

clients’ individual portfolio allocations and risk exposure. VFG also takes into consideration each Third Party Manager’s management style, returns, reputation, financial strength, reporting, pricing and research capabilities, among other factors. VFG continues to provide services relative to the discretionary selection of the Third Party Managers. On an ongoing basis, VFG monitors the performance of those accounts being managed by Third Party Managers. VFG seeks to ensure the Third Party Managers’ strategies and target allocations remain aligned with its clients’ investment objectives and overall best interests. Financial Planning Financial planning services are provided as a part of asset management. VFG’s planning process begins with a discovery meeting where time is taken to gather information, understand client expectations and determine the right fit for pursuing a working relationship. The planning process includes assessing a client’s overall financial well-being, collaboratively designing a financial life plan and implementing the agreed upon strategies and actions. The process continues with the development of a blueprint for a continued team effort to manage ongoing plan execution. Wrap Program VFG recommends that investment accounts be held in custody by Fidelity Institutional, a member FINRA/SIPC, an unaffiliated SEC-registered broker-dealer and FINRA member. Fidelity’s services include custody of securities, trade execution platforms, and access to research not available to the general public. Fidelity is wholly independent from VFG. It is expected that most, if not all, transactions in a given client account will be cleared through the custodian of that account in its capacity as a broker-dealer. For some clients, VFG may include certain asset based costs in the client’s management fee. This arrangement is referred to a “Wrap Program”. For accounts in the Wrap Program, VFG pays a fee to the account custodian based on the total amount of client assets enrolled in the Wrap Program, thus taking on many of the clients’ asset based cost. Fees included in the wrap fee include transaction fees for the purchase or sale of securities, but do not include expenses related to the use of margin, wire transfer fees, the fees charged to shareholders of mutual funds or ETFs, mark-ups and mark-downs, spreads, odd-lot differentials, fees charged by regulatory agencies, and any transaction fees for securities trades executed by a broker-dealer other than the primary custodian. Expenses for the management fees of third party managers are also not included in the Wrap Program, and to the extent utilized, you will be responsible for such fees. Because VFG will be managing the assets of wrap fee program clients the same way as other non-wrap fee program clients, the use of external portfolio managers within the wrap program is expected to be limited. Therefore, there is no difference between how VFG manages wrap free accounts and how VFG manages other accounts. Because of the nature of a wrap fee program, where wrap fees are not tied to an account’s frequency of trading and apply to generally all assets in the account, the wrap fee program client may pay more or less than if the client had compensated VFG outside of the wrap fee program. For example, if a client’s account is rarely traded, the transaction fees the client would have paid would be minimal, thus limiting the benefits of “wrapping” management fees and transaction fees. Clients whose accounts will be rarely traded should carefully consider whether the Wrap Program is appropriate. Clients are not required to participate in the Wrap Program. VFG receives a portion of the wrap fee for our services. Please see the separate Wrap Fee Brochure for a more complete description of the Wrap Program. Assets Under Management As of January 31, 2024, VFG has $197,468,866 in assets under management across 739 accounts managed on a discretionary basis.