Item 5 - Additional Compensation ............................................................................ 22 Item 6 - Supervision ................................................................................................. 22 Item 7 - Requirements for State-Registered Advisers .............................................. 22 Brochure Supplement (Part 2B of Form ADV) .......................................................... 23 Item 1 – Cover Page – Chelsea Maderer ................................................................. 23 Item 2 – Educational Background and Business Experience ................................... 23 Item 3 - Disciplinary Information: ............................................................................. 25 Item 5 - Additional Compensation ............................................................................ 25 Item 6 - Supervision ................................................................................................. 25 Item 7 - Requirements for State-Registered Advisers .............................................. 25 Firm Description SENIOR Financial and Tax Associates, was founded in 1990 as SENIOR Financial and Realty Associates, then changed to its present name in 1994. SENIOR Financial and Tax Associates provides personalized confidential financial planning and investment management to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations and small businesses. Advice is provided through consultation with the client and may include: determination of financial objectives, identification of financial problems, cash flow management, tax planning, insurance review, investment management, education funding, retirement planning, and estate planning among others. SENIOR Financial and Tax Associates is strictly a fee-only financial planning and investment management firm. The firm does not sell annuities, insurance, stocks, bonds, mutual funds, limited partnerships, or other commissioned based products. The firm is not affiliated with entities that sell financial products or securities. No commissions in any form are accepted. No finder’s fees are accepted. Investment advice is an integral part of financial planning. In addition, SENIOR Financial and Tax Associates advises clients regarding cash flow, college planning, retirement planning, tax planning and estate planning. Investment advice is provided, with the client making the final decision on investment selection. SENIOR Financial and Tax Associates does not act as a custodian of client assets. The client always maintains asset control. SENIOR Financial and Tax Associates places trades for clients under a limited power of attorney agreement. A written evaluation of each client's initial situation is provided to the client, often in the form of a net worth and cash flow statement. Periodic reviews are also communicated to provide reminders of the specific courses of action that need to be taken. More frequent reviews occur but are not necessarily communicated to the client unless immediate changes are recommended. Other professionals (e.g., lawyers, accountants, insurance agents, etc.) are engaged directly by the client on an as-needed basis. Conflicts of interest will be disclosed to the client in the unlikely event they should occur. The initial meeting, which may be by telephone at 716-662-4470, is free of charge and is considered an exploratory interview to determine the extent to which financial planning and investment management may be beneficial to the client. Principal Owners Keith D. Maderer is a 100% stockholder and sole proprietor. Investment Advisor Representatives Effective August 1st, 2017, Chelsea Maderer was added as a New York State Investment Advisor Representative. She successfully completed the NASAA – Series 65 - Uniform Investment Advisor Law Exam in December 2016.- She became a CFP® Professional in January 2020. Types of Advisory Services and Managed Assets SENIOR Financial and Tax Associates provides investment supervisory services, also known as asset management services; manages investment advisory accounts not involving investment supervisory services; furnishes investment advice through consultations; issues periodicals about securities by subscription; issues special reports about securities; and issues, charts, graphs, formulas, or other devices which clients may use to evaluate securities. On more than an occasional basis, SENIOR Financial and Tax Associates furnishes advice to clients on matters not involving securities, such as financial planning matters, taxation issues, and trust services that often include estate planning. SENIOR Financial and Tax Associates does not provide a timing service. Managed Assets: As of December 31, 2022, SENIOR Financial and Tax Associates manages approximately $28,330,095 in assets for approximately 92 clients. Approximately $28,330,095 is managed on a discretionary basis, and none is managed on a non-discretionary basis. Tailored Relationships The goals and objectives for each client are documented in our client

relationship management system. We develop an investment strategy to meet their needs based on their goals. Clients may impose restrictions on investing in certain securities or types of securities based on their wishes. Agreements may not be assigned without client consent. Types of Agreements The following agreements define the typical client relationships. Financial Planning and Advisory Agreement A financial plan is designed to help the client with all aspects of financial planning without ongoing investment management after the financial plan is completed. The financial plan may include, but is not limited to: a net worth statement; a cash flow statement; a review of investment accounts, including reviewing asset allocation and providing re-positioning recommendations; strategic tax planning; a review of retirement accounts and plans including recommendations; a review of insurance policies and recommendations for changes, if necessary; one or more retirement scenarios; estate planning review and recommendations; and education planning with funding recommendations. Detailed investment advice and specific recommendations are provided as part of a financial plan. Implementation of the recommendations is at the discretion of the client. The fee for a financial plan is predicated upon the facts known at the start of the engagement. The planning and advisory fee for the first 12 months can range from $800 to $3,200 depending on the client’s individual situation and is not negotiable. Since financial planning is a discovery process, situations occur wherein the client is unaware of certain financial exposures or predicaments. In the event that the client’s situation is substantially different than disclosed at the initial meeting, a revised fee will be provided for mutual agreement. The client must approve the change of scope in advance of the additional work being performed when a fee increase is necessary. After delivery of a financial plan and the initial 12 months, future face-to-face meetings and advisory services may be scheduled as necessary at a rate of one half the original annual fee. Investment Management Service Agreement Most clients choose to have SENIOR Financial and Tax Associates manage their assets in order to obtain ongoing in-depth advice and life planning. All aspects of the client’s financial affairs are reviewed, including those of their children. Realistic and measurable goals are set and objectives to reach those goals are defined. As goals and objectives change over time, suggestions are made and implemented on an ongoing basis. The scope of work and fee for an Investment Management Service Agreement is provided to the client in writing prior to the start of the relationship. An Investment Management Service Agreement includes: the selection, balancing and allocation of client’s investable assets into a diversified portfolio of investments using no load investments where appropriate and available. Although the Advisory Service Agreement is an ongoing agreement and constant adjustments are required, the length of service to the client is at the client’s discretion. The client or the investment manager may terminate an Agreement by written notice to the other party. At termination, fees will be billed to the end of the calendar quarter following the written notification. The portfolio value at the completion of the prior full billing quarter is used as the basis for the fee computation if assets are transferred out or liquidated during the quarter. Hourly Planning Engagements SENIOR Financial and Tax Associates may provide hourly planning services for clients who need advice on a limited scope of work. These services may be provided on an hourly basis as needed. Asset Management Assets are invested primarily in no-load or low-load mutual funds and exchange-traded funds, usually through discount brokers or fund companies. Fund companies charge each fund shareholder an investment management fee that is disclosed and is reflected in net return figures in the fund prospectus. Broker Dealers may charge a transaction fee for the purchase of some funds as well as short-term trading and/or redemption fees. Stocks and bonds may be purchased or sold through a brokerage account when appropriate. The brokerage firm charges a fee for stock and bond trades. SENIOR Financial and Tax Associates does not receive any compensation, in any form, from fund companies. Investments may also include equities (stocks), warrants, corporate debt securities, commercial paper, certificates of deposit, municipal securities, investment company securities (variable life insurance, variable annuities, and mutual funds shares), U. S. government securities, options contracts, futures contracts, and interests in partnerships. Initial public offerings (IPOs) are not available through SENIOR Financial and Tax Associates. Termination of Agreement A Client may terminate any of the aforementioned agreements at any time by notifying SENIOR Financial and Tax Associates in writing and paying the rate for the time spent on the investment advisory engagement prior to notification of termination. If the client made an advance payment, SENIOR Financial and Tax Associates will refund any unearned portion of the advance payment. SENIOR Financial and Tax Associates may terminate any of the aforementioned agreements at any time by notifying the client in writing. If the client made an advance payment, SENIOR Financial and Tax Associates will refund any unearned portion of the advance payment.