The primary business of Alexander Randolph Advisory, Inc. is to provide investment and wealth management services. Our firm has been in business since 1991 and Gary W. Schlaffer is currently the principal owner of the firm. We provide investment management services to individuals, trusts, retirement plans and charitable organizations in the form of managing or overseeing the management of each client’s investment portfolio on a continuous basis. In addition, wealth management and financial planning services are provided to many of our individual clients and typically involve assisting clients in the management of their financial affairs. Such services include but are not limited to retirement planning, income and estate tax planning, assisting in the preparation of clients’ personal and trust income tax returns, planning for college educational funding and evaluating life and disability insurance coverages. The investment management services provided by our firm are tailored to the individual financial needs, objectives and risk tolerance of each client as specified in an investment policy statement completed and agreed to by the client which clearly states the following: 1. The client’s investment objective(s). 2. The client’s investment horizon (i.e. how long the client intends to leave their portfolio invested and the anticipated withdrawals from the portfolio). 3. The target asset allocation of the client’s investment portfolio between growth and income oriented securities. 4. The risks and limitations of different types of investments to be purchased in the client’s portfolio. 5. Constraints and restrictions which the client imposes on the management of their portfolio and the securities which can be purchased and/or sold within the portfolio. Investment management services are rendered on both a discretionary and non-discretionary basis with the type of account (discretionary or non-discretionary) being clearly stated in each client’s investment management contract. For accounts managed on a non-discretionary basis, we obtain the client’s specific consent prior to executing any transactions to purchase or sell securities in their investment

portfolio. For accounts managed on a discretionary basis, we typically determine the specific securities to be bought and sold as well as the amount of each specific security to be bought and sold without obtaining the client’s consent. All security transactions executed without the client’s specific consent are consistent with the target asset allocation and constraints specified in the client’s investment policy statement. As of December 31, 2023, client investment assets managed by Alexander Randolph Advisory, Inc. were as follows: Number of Assets Under Client Portfolios Management Discretionary Clients 128 $247,723,556 Non-Discretionary Clients 21 113,374,602 Total 149 $361,098,158 Retirement Rollovers-Potential for Conflict of Interest. When a client or prospective client terminates their employment with their employer, the client/prospective client typically has four options regarding the assets they have in their former employer’s 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 the assets to their new employer’s plan, if one is available and the plan offered by their new employer permits rollovers from previous employer plans, (iii) roll the assets to an Individual Retirement Account (“IRA”), or (iv) receive a cash distribution of the assets they have in the plan (which could, depending upon the client’s age, result in adverse tax consequences). If Alexander Randolph Advisory, Inc. or one of our firm’s representatives recommends 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 our firm will receive fees for managing the assets. No client is under any obligation to roll over retirement plan assets to an account managed by Alexander Randolph Advisory, Inc. Our firm’s Chief Compliance Officer, Gary Schlaffer, is available to address any questions that clients or prospective clients may have regarding the potential for conflicts of interest presented by retirement plan rollover recommendations.