Financial Management Network, Inc., a California Corporation, is a full-service, comprehensive financial advisory firm working to assist individuals and entities (trusts, estates, partnerships, pension and profit sharing plans and corporations) to achieve their financial goals. Financial Management Network, Inc. was formed in 1991 by Matthew S. Merwin, CFP®, EA. The principal owners of Financial Management Network, Inc. are the Jeffrey G Merwin Irrevocable Trust, Dated December 29, 2021 and the Matthew M. Merwin Irrevocable Trust Dated December 28, 2021. Item 1 D Financial Management Network, Inc. provides its clients (i.e., individuals, business entities, pension and profit sharing plans, estates, partnerships and trusts) with financial planning and related consulting services, business consulting, Tax Preparation, and discretionary (primarily) and nondiscretionary investment management services. As of September 30, 2023, Financial Management Network, Inc. had a total of $1,131,001,787 in discretionary assets under management and $347,371,511 in non-discretionary assets under management. Managed Accounts Client Responsibilities Clients must provide FMN with all information required or appropriate to procure services from FMN. This includes information regarding the Client’s financial situation and investment objectives. Clients must also notify FMN promptly of any significant change in the information provided or any other significant change in Client's financial circumstances that might affect the services or advice the Client may receive from FMN. Clients also provide FMN with additional information as FMN may request from time to time to assist in providing services and/or advice. FMN cannot adequately perform its services for Clients unless each Client diligently carries out these responsibilities. Clients authorize FMN to respond to inquiries from, and communicate and share information with, their attorneys, accountants and other professionals to the extent necessary in furtherance of FMN's services. FMN is not required to verify any information obtained from Clients or their professional service providers. Investment Policy Management of Client accounts will be based on an "Investment Policy" made up of the following three objectives: 1. Acceptable probabilities for achieving a relevant and predetermined rate of return (95% probability will be used); 2. An acceptable policy for funding the plan's objectives; and 3. A time horizon for measuring success (a 5-year time horizon will be used). FMN ADV Part 2A December 2023 Page 6 of 24 There are no assurances that these objectives can be met and past performance is no guarantee that future results will be successful. Clients agree that all historical research data, forecasts, projections, exhibits and other indications (i.e. past performance) referred to by FMN are not to be considered promises, guarantees or indications of future performance. With the exception of the Model Portfolio Management accounts, all fee-based management accounts are tailored to the individual needs of our Clients. In most cases, FMN has produced a financial plan for the Client and the design of the portfolio is dictated by the direction of the plan. Management For certain Clients, FMN will invest the Client's money in various securities as market conditions dictate and in consideration of the Client's investment objectives. Clients authorize FMN to manage money in the Client's account (the "Account") on a discretionary basis (does not require prior consultation with the Client). This discretionary authority will be limited to buying, selling and exchanging securities in the Account. Each Client may have a separate Account established with one or more of the following brokerages/custodians: FMN Capital Corporation, a Broker-Dealer registered with the U.S. Securities and Exchange Commission (SEC), and a member of the Financial Industry Regulatory Authority (FINRA), Charles Schwab (Schwab), FISERV Trust Company (FISERV), Fidelity Management Trust Company (FTC), TD Ameritrade and/or Fidelity Investment Advisors Group (FIAG ). Model Portfolio Management FMN will invest the Client's money in various securities as market conditions dictate, in consideration of the Client's investment objectives and in accordance with certain model portfolio guidelines. Clients authorize FMN to manage money in the Client's account (the "Account") on a discretionary basis (does not require prior consultation with the Client). This discretionary authority will be limited to buying, selling and exchanging securities in the Account. Each Client will have a separate Account established with FMN Capital Corporation to facilitate management of the Account according to the model portfolio guidelines. FM6 Management For certain Clients who are employees of non-profit organizations, according to prior arrangements made with FMN, FMN will invest the Client's money in various securities as market conditions dictate and in consideration of the Client's investment objectives. Clients authorize FMN to manage money in the Client's account (the "Account") on a discretionary basis (does not require prior consultation with the Client). This discretionary authority will be limited to buying, selling and exchanging securities in the Account. Each Client will have a separate Account established with FMN Capital Corporation to facilitate management of the Account according to the FM6 guidelines. Class F-2 shares of the American Funds FMN now offers Clients the option of invest in Class F-2 shares of the American Funds. FMN ADV Part 2A December 2023 Page 7 of 24 Client Restrictions Clients can impose a restriction on an Account that all transactions must have the Client’s prior approval before a trade

is placed in the Account. No-load Transactions FMN regularly recommends that Clients invest in certain "no-load" Mutual Funds. All Mutual Fund transactions are executed with the knowledge and authorization of the Client. FMN is affiliated with FMN Capital Corporation, a Broker-Dealer registered with the SEC, and a member of FINRA and thus subject to the regulatory jurisdiction of FINRA in regard to the execution of securities transactions. To comply with FINRA requirements, all no-load mutual fund transactions effected by a FMN IAR will be executed through FMN Capital Corporation or in an account established on a fully disclosed basis through Schwab, FISERV, FTC and/or FIAG. A transaction fee is charged by Schwab, FISERV, FTC and FIAG for these no-load fund transactions. Wrap Fee Programs Financial Management Network, Inc. does not participate in wrap fee programs. Sub-Adviser FMN has added the option for accounts with assets under $10,000 to be advised by a sub-adviser who offers an automated platform. This platform is more cost effective for smaller accounts. For accounts from $0-$200k the fee is 1% and 0.25% is paid to CLS with 0.75% being paid over to FMN. Accounts over 200k are charged 90 bips with CLS still getting .25% Financial Planning and Consulting Financial Planning For certain Clients, FNM will provide one of the following: 1. "Total Financial Planning Package" which will include a written financial plan comprised of advice on assets, indebtedness, present and future income, insurance policies, the Client's desired financial goals and other related data such as: a. cash flow management b. tax planning c. accumulation of wealth d. risk management e. retirement provisions f. estate planning 2. "Target Plan" which will include a written plan or report comprised of advice on one or more of the following areas: a. income tax minimization b. investment/asset repositioning c. retirement security d. life insurance FMN ADV Part 2A December 2023 Page 8 of 24 e. estate planning f. disability insurance g. educational funding h. other risk management i. other specified area requested by Client Consulting Certain Clients wish to consult with FMN for the purposes of acquiring information concerning assets, indebtedness, present and future income, insurance policies, desired financial goals and other related data. As a result, FMN may provide a written financial plan and/or analysis and recommendations in one or each of the following areas: a. cash flow management b. tax planning c. accumulation of wealth d. risk management e. retirement provisions f. estate planning Recommendations will be made based upon the goals and objectives provided by the Client. FMN will provide to the Client, on a quarterly basis, a newsletter and consolidated statement of the assets purchased as a result of the aforementioned recommendations. Hourly Consulting Financial Management Network, Inc. offers advice on specific financial concerns at an hourly rate. Implementing Recommendations FMN may recommend that the Client purchase and/or sell investments and enter into other financial transactions. The Client is free to accept or reject any and all recommendations and to select his/her own agents and brokers for the implementation of any recommendations. Should the Client choose to implement the recommendations with an FMN Investment Adviser Representative (“IAR”), it is important for the Client to understand that the IAR will use the brokerage services of FMN Capital Corporation, an affiliated Broker-Dealer registered with the U.S. Securities and Exchange Commission (SEC), and a member of the Financial Industry Regulatory Authority (FINRA). FMN Capital Corporation will receive brokerage commissions and transaction fees for effecting the applicable transactions. In addition, a conflict of interest may exist because an IAR who is also a Representative of FMN Capital Corporation may, in addition to receiving a portion of the financial planning fees, also receive brokerage commissions as a consequence of acting as broker of such transactions. The amount of compensation received will be disclosed in the offering circular or other document describing such securities transaction. Consulting: Quicken® and Quickbooks® Quicken® Consulting FMN consults with certain Clients for the purpose of assisting the Client with cash flow management by using Quicken®. A FMN representative will provide the following services: (i) two meetings at Client's FMN ADV Part 2A December 2023 Page 9 of 24 home, (ii) monthly email tips/tricks for use in Quicken®, (iii) follow up with client one month into the program, and (iv) follow up six months after utilizing the program and review of budget. Quicken® Bookkeeping Consulting FMN consults with certain Clients for the purpose of assisting Client with cash flow management by using Quicken® and providing the following services: (i) install and register Quicken on FMN's systems, (ii) set up bank & credit card accounts, (iii) input budget, (iv) process Client's monthly bills, and (v) set up bill pay. Quickbooks® Bookkeeping Consulting FMN consults with certain Clients for the purpose of assisting with the preparation and analysis of Clients' financial statements by using Quickbooks® and providing the following services: (i) install Quickbooks® on FMN's systems, (ii) link bank & credit card accounts to Quickbooks and/or receive duplicate statements, (iii) itemize business expenses and income, and (iv) create and manage financial statements. Income Tax Preparation FMN consults with certain Clients (individuals, partnerships, trusts, estates and corporations) for the purpose of assisting with the preparation of income tax returns.