AA Financial Advisors, LLC (“AA Financial Advisors,” “we,” or “us”) and its predecessor organizations have been providing advisory services as a division of Antolino & Associates since 1985. AA Financial Advisors is owned by F7 Company, LLC. Ralph Antolino Jr. is the managing member of F7, LLC. The UltraVision System® The UltraVision System® is a process designed to empower our clients to make financial decisions with greater levels of confidence. The process begins with completion of Checklists, to obtain your “hard” facts and “soft” facts. Our goal is to deliver to you a: 1. Letter of Intent 2. Math Model 3. Summary Opinion Letter Upon completion of the Checklists, we help you clarify your strategic goals, which we compile into a Letter of Intent. Next you work with us to inventory, organize and crystallize your old plan and its financial capacities in a Math Model. This includes building a personal balance sheet, running cash flow analysis, financial and investment projections as well as “what-if” analysis depending on what scenarios you would like to see. Next, we come up with our best ideas to help you take action, including an estimate of your benefits from implementing The UltraVision System®, called a Summary Opinion Letter. Upon delivery of your Letter of Intent, Math Model and Summary Opinion Letter, your engagement in The UltraVision System® is complete. If you choose to continue working with us, we will then get to work helping you design and implement action items from the Summary Opinion Letter. Once your new plan is in place, we measure the actual progress of your plan periodically. We work with you to confirm the current appropriateness of your previously stated goals. When necessary, you restart The UltraVision System®. The UltraVision Club™ At the completion of The UltraVision System® we can help you determine if membership in The UltraVision ClubTM is appropriate. Membership in The UltraVision ClubTM is divided into different tiers, depending on the level and scope of services to be provided:
• Club Level A: Highly Proactive – We will personally communicate with you at least once every other week. We work interactively with CPAs and tax attorneys on your behalf to build cash flow models, pro-forma income, and estate tax returns on a regular basis. Club Level A also includes all Club Level B benefits.
• Club Level B: Proactive - We personally communicate with you on a regular basis. We also provide ongoing monitoring of The Wealth Management SystemTM, which contains online modules that are interactive between you and our firm.
• Level C: Reactive - You are not a member of the Club. You pay no club fee and get no enhancement to your current service level. As a member of Club Level A or Club Level B of The UltraVision Club™, we promise at least the following benefits:
• Discounted prices on our other services
• Complimentary review meetings
• Discounted prices on updates to your custom version of The UltraVision System®
• Regular UltraVision Club™ events sponsored by our firm
• Priority access to our staff
• Communications regarding educational events we attend
• Potential for referrals to other elite advisors
• Estate Legal Documents organized secured and stored in our online storage system.
• Cost Basis Calculations for investment sales
• Access to The Wealth Management System™ – One website for all your personal financial data
• Enrollment in Smart Identity, an identity theft protection program
• Benefit Analysis to help you make smart choices among your employee benefit options
• Social Security benefit statement review As a Club member, we promise to:
• Continue to stay up to date, attend industry educational events, learn about trends and tax and legal changes that could affect your situation
• Contact you periodically to review what you put in motion in the past and retest the appropriateness of your existing structures for the future. As a Club member we respectfully ask you to promise to:
• Agree to meet with us when we reach out to you in the future
• Allow us to be a filter for researching the appropriateness of the many financial ideas you could see or hear as you go through life. Portfolio Management Program™ We strive to uncover our clients’ unique dreams, goals, ambitions, and risk tolerance. Solutions are tailored to meet your global asset allocation targets. Our strategies use a multi-dimensional asset allocation approach known as The ABC’s of Cashflow™. Your portfolio will typically use one or a combination of the following strategies: ➢ Foundational Approach o This strategy begins with broadly diversified active or passive portfolios, mutual funds, exchange traded funds (ETFs), individual bonds, private equity, and real estate investments. This allows for us to customize your portfolio to match your desires. o Our investment committee vets and approves each position. This vetting process includes reviewing manager tenure and style, expectations versus actual performance, historical drawdown, peer evaluation, expense ratios and other factors. o Additional benefits include periodic rebalancing to maintain risk/return alignment and tax management strategies to provide improved after-tax returns. ➢ Strategic Asset Management o This is a defensive investment strategy rooted in technical analysis. o These portfolios are composed of exchange traded funds (ETFs) and low-cost mutual funds to capture the opportunity provided in the equity market, while aiming to protect your portfolio from major market drawdowns. o Our investment committee closely tracks various market and economic indicators, short and long-term trend lines, volatility, and other factors to strategically increase or decrease your market exposure. ➢ Intelligent Portfolios o These portfolios are built on a technology-driven platform which includes automatic rebalancing, no transaction fees, fully digital account opening and management. o Our firm curates a collection of models comprised of broadly diversified exchange traded funds (ETFs) and low-cost mutual funds. o The system includes automatic tax loss harvesting to provide improved after-tax returns for non-retirement accounts. ▪ Please refer to the Automated Investment Program description below for further details One of our Investment Advisor Representatives (IAR’s) will work closely with you to gather all information necessary to understand your investment objectives and overall financial picture. Then our IAR will draw up the steps necessary to implement a plan aimed at achieving your goals. This normally consists of opening an account, receiving investment funds, and determining the appropriate asset allocation for you to invest in given your unique fact pattern. Often times this service is provided after engagement and graduation from The UltraVision System® but can be done without engaging in The UltraVision System®. An IAR may use any of a variety of systems to determine and implement an appropriate asset allocation. Examples of such systems include our internal Portfolio Management Program models, eMoney, Morningstar and Portfolio Visualizer. We will build a custom tailored portfolio that we believe is appropriate for your risk tolerance profile, time horizon and matches the goals for each account. Once a portfolio is agreed upon, the IAR will periodically review the portfolio. This review will test the original assumptions and query you as to whether or not your risk tolerances and goals are still the same, and rebalance the portfolio when appropriate. AA Financial Advisors makes no representation regarding the likelihood or probability that any proposed investing plan will in fact achieve a particular investment goal. AA Financial Advisors is unable to predict or forecast market fluctuation or other uncertainties that may affect the value of any investment. While AA Financial Advisors strives to provide helpful investment guidance, you must carefully consider the appropriateness of the proposed investments in light of your own personal financial circumstances, including cash flow needs, unusual tax circumstances or other complex or subjective concerns. You are urged to seek the advice of tax professionals and use all available resources to educate yourself about investing in general, as well as the investments and the overall portfolio composition suggested by AA Financial Advisors. You are free to accept or reject AA Financial Advisors’ recommendations. Automated Investment Program When consistent with a client’s investment objectives, we may offer portfolio management services through our Automated Investment Program (the “AIP”), an automated investment program through which clients are invested in a range of investment strategies we have constructed and manage, each consisting of a portfolio that can include exchange traded funds (“ETFs”), mutual funds, and a cash allocation. The client may instruct us to exclude up to three mutual funds or ETFs from their portfolio. The client’s portfolio is held in a brokerage account opened by the client at Charles Schwab & Co., Inc. (“CS&Co.”). We use the Institutional Intelligent Portfolios® platform (“Platform”), offered by Schwab Performance Technologies (“SPT”), a software provider to independent investment advisors and an affiliate of CS&Co., to operate the AIP. We are independent of and not owned by, affiliated with, or sponsored or supervised by SPT, CS&Co., or their affiliates (CS&Co. and its affiliates are sometimes collectively referred to as “Schwab”). In AIP engagements, we, and not Schwab, are the client’s investment adviser and primary point of contact. As between our firm and Schwab, we are solely responsible, and Schwab is not responsible, for determining the appropriateness of the AIP for the client, choosing a suitable investment strategy and portfolio for the client’s investment needs and goals, and managing that portfolio on an ongoing basis. We have contracted with SPT to provide us with the Platform, which consists of technology and related trading and account management services for the AIP. The Platform enables us to make the AIP available to clients online and includes a system that automates certain key parts of its investment process (the “System”). The System includes an online questionnaire that helps us determine the client’s investment objectives and risk tolerance and select an appropriate investment strategy and portfolio. Clients should note that we will recommend a portfolio via the System in response to the client’s answers to the online questionnaire. The client may then indicate an interest in a portfolio that is one level less or more conservative or aggressive than the recommended portfolio, but we then make the final decision and select a portfolio based on all the information we have about the client. The System also includes an automated investment engine through which we manage the client’s portfolio on an ongoing basis through automatic rebalancing and tax-loss harvesting (if the client is eligible and elects). We charge clients a fee for its services as described

below under Item 5, Fees and Compensation. Our fees are not set or supervised by Schwab. We do not pay SPT fees for the Platform so long as we maintain $100 million in client assets in accounts at CS&Co. that are not enrolled in the AIP. If we do not meet this condition, then we must pay SPT an annual licensing fee of 0.10% of the value of our clients’ assets in the AIP. This arrangement presents a conflict of interest, as it provides an incentive for us to recommend that clients maintain their accounts at CS&Co. Notwithstanding, we may generally recommend to our clients that investment management accounts be maintained at CS&Co. based on the considerations discussed in Item 12 below, which mitigates this conflict of interest. Clients enrolled in the AIP are limited in the universe of investment options available to them. For example, the investment options available are limited to ETFs and mutual funds and cash/cash equivalents, whereas we recommend various other types of securities in our other services. The AIP is designed to provide guidance and professional assistance to individuals who are beginning the process of accumulating wealth. Clients will have access to their accounts and a financial interface online but will also have the opportunity to confer us with respect to their account. Please also refer to Item 8 below with respect to the investment risks associated with mutual funds and ETFs. Rebalancing The System will rebalance a client’s account periodically by generating instructions to CS&Co. to buy and sell shares of funds and depositing or withdrawing funds through the “Sweep Program,” considering the asset allocation for the client’s investment strategy. Rebalancing trade instructions can be generated by the System when (i) the percentage allocation of an asset class varies by a set parameter established by us, (ii) we decide to change the ETFs or their percentage allocations for an investment strategy or (iii) we decide to change a client’s investment strategy, which could occur, for example, when a client makes changes to their investment profile or imposes or modifies restrictions on the management of their account. Accounts below $5,000 may deviate farther than the set parameters as well as the target allocation of the selected investment profile. Rebalancing below $5,000 may impact the ability to maintain positions in selected asset classes due to the inability to buy or sell at least one share of an ETF or mutual fund. For example, withdrawal requests may require entire asset classes to be liquidated to generate and disburse the requested cash. Sweep Program Each investment strategy involves a cash allocation (“Cash Allocation”) that will be held in a sweep program at Charles Schwab Bank, (the “Sweep Program”). The Cash Allocation will be a minimum of 4% of an account’s value to be held in cash, and may be higher, depending on the investment strategy chosen for a client. The Cash Allocation will be accomplished through enrollment in the Sweep Program, a program sponsored by CS&Co. By enrolling in the AIP, clients consent to having the free credit balances in their brokerage accounts at CS&Co. swept into deposit accounts (“Deposit Accounts”) at Charles Schwab Bank (“Schwab Bank”) through the Sweep Program. Schwab Bank is an FDIC-insured depository institution that is a Schwab affiliate. The Sweep Program is a required feature of the AIP. If the Deposit Account balances exceed the Cash Allocation for a client’s investment strategy, the excess over the rebalancing parameter will be used to purchase securities as part of rebalancing. If clients request cash withdrawals from their accounts, this likely will require the sale of fund positions in their accounts to bring their Cash Allocation in line with the target allocation for their chosen investment strategy. If those clients have taxable accounts, those sales may generate capital gains (or losses) for tax purposes. In accordance with an agreement with CS&Co., Schwab Bank has agreed to pay an interest rate to depositors participating in the Sweep Program that will be determined by reference to an index. Compensation to Schwab Under the AIP Clients do not pay fees to SPT or brokerage commissions or other fees to CS&Co. as part of the AIP. However, Schwab receives other revenues including but not specifically limited to the following which is subject to change: (i) the profit earned by Charles Schwab Bank, a Schwab affiliate, on the allocation to the Schwab Intelligent Portfolios Sweep Program described in the Schwab Intelligent Portfolios Sweep Program Disclosure Statement; (ii) investment advisory and/or administrative service fees (or unitary fees) received by Charles Schwab Investment Management, Inc., a Schwab affiliate, from Schwab ETFs™ Schwab Funds® and Laudus Funds® that we select to buy and hold in the client’s brokerage account; (iii) fees received by Schwab from third-party ETFs that participate in the Schwab ETF OneSource™ program and mutual funds in the Schwab Mutual Fund Marketplace® (including certain Schwab Funds and Laudus Funds) in the client’s brokerage account for services Schwab provides; and (iv) remuneration Schwab may receive from the market centers where it routes ETF trade orders for execution. Pension Consulting Services AA Financial Advisors offers consulting services to pension or other employee benefit plans (including but not limited to 401(k) plans). Pension consulting may include, but is not limited to: o identifying investment objectives and restrictions o providing guidance on various assets classes and investment options o recommending money managers to manage plan assets in ways designed to achieve objectives o monitoring performance of money managers and investment options and making recommendations for changes o recommending other service providers, such as custodians, administrators and broker- dealers o creating a written pension consulting plan These services are based on the goals, objectives, demographics, time horizon, and/or risk tolerance of the plan and its participants. Miscellaneous Disclosures Retirement Rollovers: A client or prospective client leaving an employer typically has four options regarding an existing retirement plan (and may engage in a combination of these options): (i) leave the money in the former employer’s plan, if permitted, (ii) roll over the assets to the new employer’s plan, if one is available and rollovers are permitted, (iii) roll over to an Individual Retirement Account (“IRA”), or (iv) cash out the account value (which could, depending upon the client’s age, result in adverse tax consequences). If we recommend that a client roll over their retirement plan assets into an account to be managed by our firm, such a recommendation creates a conflict of interest if we will earn a new (or increase its current) compensation as a result of the rollover. No client is under any obligation to rollover retirement plan assets to an account managed by our firm. ERISA / IRC Fiduciary Acknowledgment: When we provide investment advice to a client regarding the client’s retirement plan account or individual retirement account, we do so as a fiduciary within the meaning of Title I of the Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with client interests, so we operate under a special rule that requires us to act in the client’s best interest and not put our interests ahead of the client’s. Under this special rule's provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put its financial interests ahead of the client’s when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in the client’s best interest;
• Charge no more than is reasonable for our services; and
• Give the client basic information about conflicts of interest. Non-Discretionary Service Limitations: Clients that determine to engage us on a non-discretionary investment advisory basis must be willing to accept that we cannot effect any account transactions without obtaining prior consent to such transaction(s) from the client. Thus, in the event that we would like to make a transaction for a client’s account (including in the event of an individual holding or general market correction), and the client is unavailable, we will be unable to effect the account transaction(s) without first obtaining the client’s consent. Periods of Portfolio Inactivity: We have a fiduciary duty to provide services consistent with the client’s best interest. As part of our investment advisory services, we will review client portfolios on an ongoing basis to determine if any changes are necessary based upon various factors, including, but not limited to, investment performance, fund manager tenure, style drift, and/or a change in the client’s investment objective. Based upon these factors, there may be extended periods of time when we determine that changes to a client’s portfolio are neither necessary nor prudent. Clients nonetheless remain subject to the fees described in Item 5 below during periods of account inactivity. Of course, as indicated below, there can be no assurance that investment decisions we make will be profitable or equal any specific performance level(s). Independent Managers: We may allocate a portion of client assets be allocated among unaffiliated independent investment managers. In such situations, the Independent Manager[s] shall have day- to-day responsibility for the active, discretionary management of the allocated assets. We shall 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. The investment management fee charged by the Independent Manager[s] is separate from, and in addition to, our advisory fee as set forth in the fee schedule at Item 5 below. Access to Margin: We do not recommend the use of margin as an investment strategy. Use of margin as an investment strategy comes with a high level of inherent risk. Margin can be used to borrow funds to purchase financial instruments and/or to access liquidity. The investor generally obtains the borrowed funds by using other securities as collateral for the borrowed sum. The effect of purchasing a security using margin is to magnify any gains or losses sustained by the purchase of the financial instruments on margin. Although clients may retain the ability to use margin, we do not use margin for investment purposes and does not recommend such use by clients. Assets Under Management As of 03/04/2024, AA Financial Advisors has $525,441,355 in regulatory assets under management on a discretionary basis and $338,853,574 in regulatory assets under management on a non-discretionary basis.