Description of Advisory Firm Powers Advisory Group, LLC is a Limited Liability Company organized in the State of Illinois and registered as an Investment Adviser with the Securities and Exchange Commission. We were founded in June of 2014. Matthew Powers and Richard Ringwald are the principal owners of Powers Advisory Group, LLC. As of December 2022, Powers Advisory Group, LLC managed $162,963,386.00 on a discretionary basis. Types of Advisory Services Investment Management Services Our firm provides Investment management services to clients with specific regards to asset allocation and security selection. Investment advice is customized for each client’s specific needs by determining an appropriate asset allocation. In order to design a client’s allocation, we take into consideration liquidity needs, risk tolerance, rate of return goals, tax considerations, and the client’s investment history. With regards to security selection, we put an emphasis on quality, income, and keeping costs and internal expenses low. We focus the majority of our research on the simplicity of investing in securities that provide current and potentially future income – and compounding this income over time (dividend reinvestment strategies). This is the core strategy within the firm’s investment philosophy and we believe creating a growing income stream will give our client’s a higher opportunity of success. We design and manage ETF portfolios with asset allocation in mind based off our client’s risk profile. These portfolios are periodically rebalanced to maintain the appropriate allocation. We manage advisory accounts on a discretionary, fee-only basis – representing a percentage of assets under management, further described below in Item 5. Investment Management Services of Held Away Assets Our firm may provide an additional service to facilitate management of held away assets such as defined contribution plan participant accounts, with discretion. The platform allows us to avoid being considered to have custody of Client funds since we do not have direct access to Client log-in credentials to affect trades. We are not affiliated with the platform in any way and receive no compensation from them for using their platform. A link will be provided to the Client allowing them to connect an account(s) to the platform. Once Client account(s) is connected to the platform, we will review the current account allocations. When deemed necessary, we will rebalance the account considering client investment goals and risk tolerance, and any change in allocations will consider current economic and market trends. We regularly review the available investment options in these accounts, monitor them, and rebalance and implement our strategies in the same way we do other accounts, though using different tools as necessary. Independent Managers We may allocate (and/or recommend that the client allocate) a portion of a client’s investment assets among unaffiliated independent investment managers in accordance with the client’s designated investment objective(s). In such situations, the Independent Manager(s) shall have day-to-day responsibility for the active discretionary management of the allocated assets. We will continue to render investment

advisory services to the client relative to the ongoing monitoring and review of account performance, asset allocation and client investment objectives. Factors which we will consider in recommending Independent Manager(s) include the client’s designated investment objective(s), management style, performance, reputation, financial strength, reporting, pricing, and research. The investment management fees charged by the designated Independent Manager(s), are exclusive of, and in addition to, our ongoing investment advisory fee. Financial Planning Financial planning is a comprehensive evaluation of a client’s current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans. The key defining aspect of financial planning is that through the financial planning process, all questions, information and analysis will be considered as they impact and are impacted by the entire financial and life situation of the client. Clients utilizing this service will receive a written or an electronic report, providing the client with a detailed financial plan designed to achieve his or her stated financial goals and objectives. In general, the financial plan will address any or all of the following areas of concern. The client and advisor will work together to select the specific areas to cover. These areas may include, but are not limited to, the following:
• Retirement Planning: Our retirement planning services typically include projections of your likelihood of achieving your financial goals, typically focusing on financial independence as the primary objective. For situations where projections show less than the desired results, we may make recommendations, including those that may impact the original projections by adjusting certain variables (i.e., working longer, saving more, spending less, taking more risk with investments). If you are near retirement or already retired, advice may be given on appropriate distribution strategies to minimize the likelihood of running out of money or having to adversely alter spending during your retirement years.
• College Savings: Includes projecting the amount that will be needed to achieve college or other post-secondary education funding goals, along with advice on ways for you to save the desired amount. Recommendations as to savings strategies are included, and, if needed, we will review your financial picture as it relates to eligibility for financial aid or the best way to contribute to grandchildren (if appropriate).
• Financial Goals: We will help clients identify financial goals and develop a plan to reach them. We will identify what you plan to accomplish, what resources you will need to make it happen, how much time you will need to reach the goal, and how much you should budget for your goal.
• Investment Analysis: This may involve developing an asset allocation strategy to meet clients’ financial goals and risk tolerance, providing information on investment vehicles and strategies, reviewing employee stock options, as well as assisting you in establishing your own investment account at a selected broker/dealer or custodian. The strategies and types of investments we may recommend are further discussed in