Portfolio Advisory Council, L.L.C. was originally organized and registered with the U.S. Securities and Exchange Commission in September of 1986 as W. Thomas Sutton & Co. DBA. Business operations were conducted under this name until 1995 when Mr. Sutton changed the name of the company to Portfolio Advisory Council. As a DBA, sole proprietor business was transacted until August 1998 when Portfolio Advisory Council, L.L.C. (“PAC, LLC” or “Advisor”) was formed. Our independence allows us to work in the best interests of our clients. We do not have any sales quotas set by the home office. Instead, we focus on what is best for our clients and their financial goals. Our clients receive unbiased recommendations and impartial guidance based directly on their needs and goals. We provide financial planning and investment management services. We also specialize in retirement income planning as well as business retirement plans, such as 401ks, profit sharing plans, and defined benefit plans. People prefer to work with those they know and trust. From our beginning in 1986, client service and objective investment advice has been our focus. While pessimists may prefer bonds, and optimists may prefer stocks, we are realists. Our realistic investment philosophy utilizes a growth and income approach to help people achieve their financial goals consistently in a constantly changing world. Specific investment recommendations will be made to meet the client’s financial objectives. PAC, LLC provides continuous investment management and supervisory services. Accounts are reviewed periodically with respect to asset allocation and investment performance. It is the responsibility of PAC, LLC and its Investment Adviser Representative (“IAR”) to advise clients when circumstances indicate that adjustments

be made to the investment allocation. W. Thomas Sutton, CFP, James Hamilton, CFS, AIF, Philip B. Moran, MBA, CFP, ChFC, AIF, and John Husbands will review the accounts. Accounts are reviewed rotationally at least on an annual basis. Depending on the complexity of the account, some accounts may be reviewed more frequently than others. Rates of return will vary. AIF® (Accredited Investment Fiduciary), CFP® (Certified Financial Planner), CFS (Certified Fund Specialist), ChFC (Chartered Financial Consultant), CLU (Chartered Life Underwriter), CRPC (Chartered Retirement Planning Counselor). PAC, LLC is authorized by client to gather all tax and financial data related to client, which in the view of Advisor is necessary to provide investment management. Outside advisors, attorneys, accounts, retirement plan administrator(s) or actuaries may be engaged to assist client with necessary services. Clients are billed directly by outside service providers. Portfolios are constructed with mutual funds, ETFs, stocks, bonds, options and REITS selected by the Advisor to meet each client’s investment objectives. Asset allocations are designed to meet each client’s desired investment objectives. Individual stocks, bonds, and options are used with portfolios. When a client has existing stock, bond positions, company stock, and proper diversification can be maintained. We are available on an ongoing basis if a clients circumstances change requiring account adjustments. Portfolios are designed on an individual basis. We use only marketable securities and trades are placed primarily at market price though we may use limit and stop loss orders. As of December 2023, Portfolio Advisory Council has $ 289,758,342 discretionary assets and $61,307,622 non-discretionary assets under management.