DescriptionofBowenFinancialServices,LLC. Bowen Financial Services, LLC (“Bowen Financial”) was formed in 1999 by a certified public accountant and certified financial planner who desired clients receive objective investment advice. In recent years, the principal of the firm has devoted the vast majority of his business efforts toward constructing a world-class investment advisory firm, dedicated to the fiduciary principal that the client’s best interests should remain paramount at all times. Bowen Financial offers to provide financial planning and investment management to individuals, trusts, estates and small businesses. Bowen Financial works with clients to define financial objectives and to develop strategies for reaching those objectives, some of which may include: retirement planning, estate planning, education planning, tax planning, capital needs analysis in case of death or disability, investment planning and/or other issues specific to the client. Clients may impose restrictions on investing in certain securities or types of securities.
Bowen Financial is a fee-only financial services firm meaning compensation is solely from fees paid directly by clients. The firm does not receive commissions based on the client’s purchase of financial products. No commissions in any form are accepted. No referral fees are paid or accepted. No benefits are received from custodians based on client securities transactions. The firm is not affiliated with entities that sell financial products or securities. Assets under the direct management of Bowen Financial are held by independent custodian Charles Schwab, or others in the client’s name. Bowen Financial does not act as custodian of client assets. John G. Bowen, CPA, CFP® is a member of the National Association of Personal Financial Advisors and a NAPFA-Registered Financial Advisor. As such, John has taken the NAPFA Fiduciary Oath: The advisor shall exercise his/her best efforts to act in good faith and in the best interests of the client. The advisor shall provide written disclosure to the client prior to the engagement of the advisor, and thereafter throughout the term of the engagement, of any conflicts of interest, which will or reasonably may compromise the impartiality or independence of the advisor. The advisor, or any party in which the advisor has a financial interest, does not receive any compensation or other remuneration that is contingent on any client’s purchase or sale of a financial product. The advisor does not receive a fee or other compensation from another party based on the referral of a client or the client’s business. PortfolioConstructionOverview Bowen Financial will create a portfolio consisting of some combination of the following, depending on the particular needs of the client: no-load or load-waived mutual funds, exchange traded funds (“ETFs”), individual equities, bonds, certificates of deposit or other investment products. Bowen Financial will allocate the client’s assets among various investments taking into consideration the overall management style selected by the client. Mutual funds and ETFs will be selected on the basis of any or all of the following criteria: the asset class targeted by the fund, the fund’s adherence to the stated investment goals, the fund’s performance history; the industry sector in which the fund invests; the track record of the fund’s manager; the fund’s investment objectives; the fund’s management style and philosophy; and the fund’s management fee structure. Portfolio weighting between funds and market sectors will be determined by each client’s individual needs and circumstances. Clients will have the opportunity to place reasonable restrictions on the types of investments which will be made on the client’s behalf. Clients will retain individual ownership of all securities. WrapFeePrograms Bowen Financial does not participate in a wrap fee program. AmountofAssetsuponWhichInvestmentAdviceisProvided As of December 31, 2023, Bowen Financial provided Advice on approximately $139,304,000 of financial assets for approximately 67 family groups on a discretionary basis. Family groups may consist of more than one client (i.e., client and spouse, plus one or more adult or minor children, and defined benefit plans for which the client serves as plan sponsor).
MiscellaneousDisclosures: Client Obligations. In performing its services, Bowen Financial will not be required to verify any information received from the client or from the client’s other professionals, and is expressly authorized to rely thereon. Moreover, each client is advised that it remains the client’s responsibility to promptly notify Bowen Financial if there is ever any change in the client’s financial situation or investment objectives for the purpose of reviewing, evaluating, or revising Bowen Financial’s previous recommendations and/or services Retirement Plan Rollovers No Obligation / Potential for Conflict of Interest. 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 Bowen Financial recommends that a client roll over their retirement plan assets into an account to be managed by Bowen Financial, such a recommendation creates a conflict of interest if Bowen Financial will earn a new (or increase its current) advisory fee as a result of the rollover. Whether Bowen Financial provides a recommendation as to whether a client should engage in a rollover or not, Bowen Financial is acting as a fiduciary within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. No client is under any obligation to roll over retirement plan assets to an account managed by Bowen Financial. Bowen Financial’s Chief Compliance Officer, John G. Bowen, remains available to address any questions that a client or prospective client may have regarding the conflict of interest presented by such a rollover recommendation. Availability of Mutual Funds and Exchange Traded Funds. Bowen Financial utilizes mutual funds and exchange traded funds for its client portfolios. In addition to Bowen Financial’s investment advisory fee described below, and transaction

and/or custodial fees discussed below, clients will also incur, relative to all mutual fund and exchange traded fund purchases, charges imposed at the fund level (e.g. management fees and other fund expenses). Bowen Financial utilizes the mutual funds and ETFs issued by Dimensional Fund Advisors (“DFA”). DFA funds and ETFs are generally only available through registered investment advisers approved by DFA. Thus, if the client were to terminate Bowen Financial’s services, and transition to another adviser who has not been approved by DFA to utilize DFA funds and ETFs, restrictions regarding additional purchases of, or reallocation among other DFA funds and ETFs, will generally apply. ANY QUESTIONS: Bowen Financial’s Chief Compliance Officer, John G. Bowen, remains available to address any questions that a client or prospective client may have regarding the above. Portfolio Trading Activity. As part of its investment advisory services, Bowen Financial will review client portfolios on an ongoing basis to determine if any trades are necessary based upon various factors, including but not limited to investment performance, fund manager tenure, style drift, account additions/withdrawals, the client’s financial circumstances, and changes in the client’s investment objectives. Based upon these and other factors, there may be extended periods of time when Bowen Financial determines that trades within 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 trading inactivity. Cash Positions. Bowen Financial continues to treat cash as an asset class. As such, unless determined to the contrary by Bowen Financial, all cash positions (money markets, etc.) shall continue to be included as part of assets under management for purposes of calculating Bowen Finanical’s advisory fee. At any specific point in time, depending upon perceived or anticipated market conditions/events (there being no guarantee that such anticipated market conditions/events will occur), Bowen Financial may maintain cash positions for defensive purposes. In addition, while assets are maintained in cash, such amounts could miss market advances. Depending upon current yields, at any point in time, Bowen Financial’s advisory fee could exceed the interest paid by the client’s money market fund. Borrowing Against Assets/Risks. A client who has a need to borrow money could determine to do so by using:
• Margin - The account custodian or broker-dealer lends money to the client. The custodian charges the client interest for the right to borrow money, and uses the assets in the client’s brokerage account as collateral or
• Pledged Assets Loan - In consideration for a lender (i.e., a bank, etc.) to make a loan to the client, the client pledges its investment assets held at the account custodian as collateral; These above-described collateralized loans are generally utilized because they typically provide more favorable interest rates than standard commercial loans. These types of collateralized loans can assist with a pending home purchase, permit the retirement of more expensive debt, or enable borrowing in lieu of liquidating existing account positions and incurring capital gains taxes. However, such loans are not without potential material risk to the client’s investment assets. The lender (i.e. custodian, bank, etc.) will have recourse against the client’s investment assets in the event of loan default or if the assets fall below a certain level. For this reason, Bowen Financial does not recommend such borrowing however, if utilized, may be done by the client for a specific purpose unique to the client’s situation (i.e. a bridge loan to purchase a new residence). Bowen Financial does not recommend such borrowing for investment purposes (i.e. to invest borrowed funds in the market). Regardless, if the client were to determine to utilize margin or a pledged assets loan, the following economic benefits would inure to Bowen Financial:
• by taking the loan rather than liquidating assets in the client’s account, Bowen Financial continues to earn a fee on such Account assets; and,
• if the client invests any portion of the loan proceeds in an account to be managed by Bowen Financial, Bowen Financial will receive an advisory fee on the invested amount; and,
• if Bowen Financial’s advisory fee is based upon the higher margined account value (see margin disclosure at Item 5 below), Bowen Financial will earn a correspondingly higher advisory fee. This could provide Bowen Financial with a disincentive to encourage the client to discontinue the use of margin. Please Note: The Client must accept the above risks and potential corresponding consequences associated with the use of margin or a pledged assets loans. Cybersecurity Risk. The information technology systems and networks that Bowen Financial and its third­party service providers use to provide services to Bowen Financial’s clients employ various controls, which are designed to prevent cybersecurity incidents stemming from intentional or unintentional actions that could cause significant interruptions in Bowen Financial’s operations and result in the unauthorized acquisition or use of clients’ confidential or non­public personal information. Clients and Bowen Financial are nonetheless subject to the risk of cybersecurity incidents that could ultimately cause them to incur losses, including for example: financial losses, cost and reputational damage to respond to regulatory obligations, other costs associated with corrective measures, and loss from damage or interruption to systems. Although Bowen Financial has established its systems to reduce the risk of cybersecurity incidents from coming to fruition, there is no guarantee that these efforts will always be successful, especially considering that Bowen Financial does not directly control the cybersecurity measures and policies employed by third­party service providers. Clients could incur similar adverse consequences resulting from cybersecurity incidents that more directly affect: issuers of securities in which those clients invest, broker­dealers, qualified custodians, governmental and other regulatory authorities, exchange and other financial market operators, or other financial institutions. Investment Risk. Different types of investments involve varying degrees of risk, and it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended or undertaken by Bowen Financial) will be profitable or equal any specific performance levels.