Walnut Investment Services, LLC has been incorporated since March 2000 and has been registered with the State of New York as investment advisors since March of 2001. The managers of Walnut Investment Services, LLC and the only persons giving client advice are Harvey M Kraus and Mark Blinderman. Mr. Kraus, born in 1951, graduated from Brooklyn College in 1976 with a Bachelor’s degree in accounting and for the past 35 years has run his own accounting practice. He earned his Series 65 license (Registered Investment Advisor) in November of 2000. He is also an Enrolled Agent with the IRS. Harvey resides in Morganville, New Jersey. Mr. Blinderman was born in 1963. Graduate of Bernard M. Baruch College, he holds a Bachelor’s degree in International Economics. He earned his Registered Investment Advisor (Series 65) license in June of 2000. He is also a Notary Public. He presently resides in Cliffside Park, NJ As a fee-only investment advisor we manage your account for a percentage of the assets under our management. The annual fee ranges from ¼% to 1%, depending on the size, composition and complexity of your account. The fee is billed quarterly, at the end of each quarter. Our current broker and custodian of choice is Fidelity Investments. During the initial client meeting, and before asking the client to sign the advisory agreement, each client is informed that Walnut Investment Services LLC custodies most of their clients accounts at Fidelity Investments. The clients are then informed of reasons why advisor prefers to work with Fidelity, such as their reputation, strength, a broad scope of services offered, very reasonable commissions, and other benefits offered by Fidelity (trade confirmation, monthly statements, year-end statements, internet access to client's accounts). Clients are informed that our recommendation of the broker

is based solely on the above factors and that there are no financial arrangements between the recommended broker and advisor. Clients are also informed that we will work with any broker the client chooses to custody their accounts. Most of our clients are individuals, but we also work with small businesses, pension plans as well as trusts & estates. We give advice on, but don’t necessarily recommend all types of securities, ranging from stocks, to government bonds, to mutual funds, to commodities. We engage in fundamental securities analysis. Our main sources of financial information are financial newspapers & magazines, research materials prepared by others, corporate rating services, annual reports, company press releases, shareholder meeting and analyst conferences. Our principal investment Strategy is based on investing for the long term and occasionally for the short term. On occasion, we may buy or sell securities that we recommend to you. There is no conflict of interest as the securities are widely held and publicly traded, while we are too small an advisor/investor to affect the market and we always place your interests ahead of our own interests. We monitor managed accounts daily, review them monthly and make portfolio changes as necessary based on our strategy, market conditions and changes in client’s situation and needs. We don’t prepare regular reports for you. You’ll get statements directly from your broker/dealers as appropriate. We do not earn sales commissions for selling securities we recommend and buy for our clients. We do not compensate anyone, either directly or indirectly for client referrals. We do not have a minimum size for client accounts. On December 31, 2023 our firm had $77,000,000 in discretionary and $0 for non- discretionary assets under management.