A. Description of Advisory Firm Millington Financial Advisors, LLC was formed by Charles G. Millington and Charles F. Millington, a father and son team, with over 40 years and 20 years of respective financial services experience. We formed Millington Financial Advisors, LLC in January of 2011 to leverage our expertise to deliver the highest quality financial planning and investment advisory services to individuals, Pension & Profit-Sharing Plans, Charitable Organizations and Corporations. Our Professional Backgrounds: Charles G. Millington MBA, CPA, CFP®– born 1947 Position: CEO, Millington Financial Advisors, LLC Education: MBA, Finance – DePaul University, Graduate School of Business, 1984 BA, History - DePaul University -1970 Business Background: CEO of Millington & Company, 2005-Present CEO of Millington Investments, LLC, 2013-Present CEO of Millington Securities, 2008-2014 Executive VP, CFO, COO and Treasurer of Claymore Securities, 2002-2005 President of Charles Millington & Associates, 1999-2002 Senior VP Operations and Treasurer of Van Kampen Investments, 1981-1999 Controller of Elkay Manufacturing, 1979-1981 CFO of Wilson Enterprises, 1975-1979 Public Accounting, 1974-1975 Assistant Controller of Halsey Stuart, 1973-1974 Auditor with Aetna Casualty, 1971-1973 Examinations/ professional designations: Certified Financial Planner, 2011 Certified Public Accountant, 1974 FINRA Series 7, 24, 27, 53, 66, 79 & 99 licenses, 1982-2011 Charles F. Millington MBA, CPA, CFP® – born 1974 Position: President / CCO, Millington Financial Advisors, LLC Education: MBA – Northern Illinois University – College of Business, 2006 BS, Accounting – Illinois State University, 1996 Business Background: President of Millington & Company, 2009-Present President of Millington Investments, LLC, 2013-Present President of Millington Securities, 2009-2014 Financial Reporting Manager of BP’s Oil Trading Business, 2006-2009 Controller of Claymore Securities, 2002-2005 VP Controller of Charles Millington & Associates, 2001-2002 Accounting Manager at Accenture, 2000-2001 Accounting Manager at LaSalle Investment Management, 1998-2000 Public Accounting, 1996-1998 Examinations / professional designations: Certified Financial Planner, 2012 Certified Public Accountant, 2001 FINRA Series 7, 24, 27, 66, 79 & 99 licenses, 2003-2011 Illinois Life, Variable Contract and Health Insurance Producer, 2011 B. Description of Advisory Services Offered All relationships with Millington Financial Advisors, LLC start with complementary get acquainted sessions. During these sessions we listen to what the client’s individual wants and desires are for in an ongoing financial advisory relationship. We help the client understand more about what we can offer in the areas of financial planning, investment management services and pension consulting services. We then work towards developing a structured relationship based on financial planning, investment management or pension consulting. Financial Planning Millington Financial Advisors, LLC’s financial planning clients can receive either a:
• Comprehensive Financial Plan
• Basic Financial Plan, or a
• Financial Review A Millington Financial Advisors, LLC financial plan includes: 1. Establishing and defining the client-planner relationship 2. Gathering client data, including goals 3. Analyzing and evaluating the client’s financial status 4. Developing and presenting financial planning recommendations 5. Implementing the financial planning recommendations 6. Monitoring the financial planning recommendations After the get acquainted sessions, if a client determines they would like to receive financial planning services, a complexity assessment is provided which recommends either a comprehensive or basic financial plan. Comprehensive Financial Planning: a comprehensive financial plan will be recommended for those individuals or households with a complex set of financial objectives and assets. We would typically recommend that a client with a net worth greater than $2 million receive this level of service. However, this level of service would only be recommended if it were identified that multiple opportunities existed across the areas of:
• Tax Planning • Educational Planning
• Insurance Planning • Goal Planning
• Retirement Planning • Cash Flow Planning
• Estate Planning
• Investment Planning
• Debt Restructuring Basic Financial Planning: a basic financial plan would be recommended for those individuals or households with a less complex set of financial planning needs. Typically, clients with a net worth less than $2 million would receive an appropriate level of service with a basic financial plan. Under certain circumstances we may recommend a comprehensive financial plan for those individuals or households with less than $2 million of net worth but with a relatively complex set of financial opportunities across the areas mentioned within the comprehensive financial planning area of this section. Millington Financial Advisors, LLC, financial planning clients pay a flat retainer fee detailed in “Item 5 Fees and Compensation”. In a financial planning relationship, there

are a series of client planner meetings designed to efficiently and accurately provide a complete picture of the client’s current financial position and their opportunity to accomplish their stated financial goals. Both comprehensive and basic financial planning clients receive services which entail Millington Financial Advisors, LLC taking the time required to understand, evaluate, organize, and feedback the financial position and understanding of their client’s goals. We develop a financial plan that is mindful of those goals and highlight the necessary steps to properly position the client to achieve the objectives they hold most dear. We help our clients execute their financial plan by providing specific investment recommendations and guidance. If need be, we will consult with experts, or recommend our clients work with experts, in the areas of law, tax and insurance. Financial planning services may extend to the ongoing evaluation and monitoring of our client’s financial portfolio. Timely views of the client’s financial positions are maintained to ensure recommendations continue to remain appropriate, progress is properly communicated and to determine if any change to the client’s individual circumstances should be considered. Millington Financial Advisors, LLC remains conscious of changing tax laws and economic conditions by adhering to a comprehensive continuing professional education program. We also invest in a complete set of research tools which provide insightful economic and investment analysis. Our ongoing implementation and monitoring services will include additional recommendations to accommodate new or changing conditions affecting our client’s financial environment. The ongoing relationship is periodically reviewed to determine the appropriate level of time and fees necessary to maintain the client’s desired level of financial planning and client and planner interaction. Financial Review: A financial review is offered to clients who do not want or need an ongoing client planner relationship and wish to schedule meetings at the frequency of their choice to address any one of the topics covered in a financial plan. The time for these meetings is limited to two-hour meetings and the fees will be based on hourly rates detailed in “Item 5 Fees and Compensation”. Investment Management Services Millington Financial Advisors, LLC offers both fee based and commission-based investment management services to individual accounts. The investment management fee table is included in “Item 5 Fees and Compensation.” The investment management services are based on strategies, such as contrarian, momentum and value investing or are invested based on a broader asset allocation parameters in line with client desires. Millington Financial Advisors, LLC primarily allocates its client’s assets on a discretionary basis utilizing exchange traded funds (ETFs), individual equity securities and debt instruments in accordance with the investment objectives of the client. On a rare occasion, the advisors of Millington Financial Advisors, LLC may offer through its affiliation with the Broker-Dealer Millington Investments, Inc. commission-based products. Recommendations are only made after a thorough understanding of the client’s goals and financial objectives are understood. We offer our clients fee based investment management services. These services focus on leveraging our deep understanding of the client’s specific needs obtained through our ongoing financial planning services. We build customized portfolios with principal preservation strategies to help the client comfortably ride out volatility and participate in equity market recoveries to target long- term growth. This allows our clients to sleep well at night and aim for a meaningful total return. We directly manage portfolios primarily utilizing cost and tax efficient Exchange Traded Funds and individual stocks. We routinely monitor economic indicators and adjust asset class allocations to position portfolios to take advantage of opportunities and reduce risks. Pension Consulting Services Millington Financial Advisors, LLC provides advisory services separately or in combination to retirement benefit plans. Millington Financial Advisors, LLC will contract with plan sponsors / trustees for services to the plan which may include:
• Plan sponsor due diligence, vendor search & analysis, and recommendations
• Creation or review of investment policy statements
• Employee Education programs and presentations
• General plan consulting, which entails addressing ongoing questions, concerns and issues raised by the client. C. Client Tailored Services and Client Imposed Restrictions Millington Financial Advisors, LLC tailors our advisory services to the individual needs of our clients. Clients may impose restrictions on certain types of securities. D. Wrap Fee Programs Millington Financial Advisors, LLC does not participate in wrap fee programs. E. Client Assets Under Management Millington Financial Advisors, LLC began managing client’s assets during the 1st quarter of 2011 As mentioned earlier in this document, Millington Financial Advisors manages $126,630,000 as of the time of December 31, 2022.