Description of Advisory Firm Piedmont Capital Management, LLC (formerly Coco Enterprises, LLC and hereinafter Piedmont Capital) is a registered investment adviser. We were founded in September 2009 and first registered as an investment adviser directly with individual states in January of 2013. We grew considerably and at the end of 2020 we became eligible to register with the Securities and Exchange Commission (SEC). Our registration with the SEC became effective in May 2021. Prior to February 1, 2024, Joe Coco was the principal owner of the firm. Effective February 1, 2024, Tom Schuch and Drew Coco purchased Joe Coco’s interests in the company. We employ 3 investment adviser representatives: Tom Schuch and Drew Coco, as the firm’s primary portfolio managers, and Joe Coco remains to assist in navigating the ownership transition. You can learn more about these individuals in the supplements provided at the end of this brochure. As of December 31, 2023, we managed approximately $172 million of client investment assets all on a discretionary basis. Types of Advisory Services Piedmont Capital offers the following services: Wealth Management Services We provide ongoing portfolio management services based on the individual goals, objectives, time horizon, and risk tolerance of each client. These services include, but are not limited to, the following:
• Investment strategy
• Security selection
• Regular and/or continuous portfolio monitoring We evaluate the current investments of each client with respect to their risk tolerance levels and time horizon. Risk tolerance levels will be documented in the Investor Profile Questionnaire, which is completed by the client; or, completed by the advisor during the due diligence process. Additionally, clients may impose reasonable restrictions on their accounts. We will periodically review your investment portfolio and implement changes deemed appropriate. We may change the target asset class allocation and/or the specific assets held in your investment portfolio. Piedmont Capital provides this service on a discretionary basis and will not

give advance notice or seek your consent for any changes made to the investment portfolio. Our clients are responsible for informing Piedmont Capital of any changes in their financial circumstances, investment objectives, and any other information provided. We encourage our clients to notify us promptly of any transactions or holdings that appear to be in error or inconsistent with their investment objectives. Financial Planning Services Piedmont Capital also offers and provides financial planning services for an hourly fee. We have found clients generally are seeking guidance on solving a specific financial problem or issue such as: should I sell my rental property, is my family member’s investment portfolio allocated or managed appropriately, how can I help pay my grandchild’s college tuition, etc.? However, if requested, we can provide a comprehensive financial plan designed to assist the client in evaluating their current financial status and recommendations to achieve their stated financial goals and objectives. Additional areas of concern we are often presented with are:
• Personal: Family records, budgeting, personal liability, estate information and financial goals.
• Death & Disability: Cash needs at death, income needs of surviving dependents, estate planning and disability income analysis.
• Retirement: Analysis of current strategies and investment plans to help the client achieve his or her retirement goals.
• Investments: Analysis of investment alternatives and their effect on a client’s portfolio.
• Insurance: Review of existing policies to ensure proper coverage for life, health, disability, long- term care, liability, home, and automobile. In delivering this service our clients may or may not receive written recommendations or a detailed plan. What we deliver will depend upon the complexity of the problem or issue presented and the specific requests of the client. Educational Seminars We present various educational seminars on various topics, including both investment and non-investment subjects. The seminars are generally open to the public.