Brick and Kyle is a SEC-registered investment adviser with its principal business address located at 905 Mt. Eyre Road in Newtown, Pennsylvania. Brick and Kyle was founded in 1984 and was approved as a Registered Investment Adviser in April 1998. Listed below are the firm's principal shareholders (i.e., those individuals and/or entities controlling 25% or more of this company).  Edgar Wilson Brick, Chairman Brick and Kyle Associates offers the following advisory services to our clients: INDIVIDUAL PORTFOLIO MANAGEMENT Our firm provides asset management services on the individual needs of each client. Through personal discussions in which goals and objectives based on the client’s particular circumstances are established, we develop an investment profile. During our data-gathering process, we determine the client’s individual objectives, time horizons, risk tolerance, and liquidity needs and then create and manage a portfolio based on that profile. Brick & Kyle manages the portfolio on a discretionary basis; however, clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. Once the client's portfolio has been established, the account is reviewed at least quarterly by the advisor. The frequency of review is dependent upon events which we view as having significant impact on the entire portfolio. Such events would generally include a disappointing earnings report by a portfolio company or a major national or international economic development. Monthly asset statements denoting market values and a complete listing of all securities held in the portfolio and confirmation statements denoting each individual transaction are provided by our custodian, Charles Schwab, including year-end 1099’s. Our investment recommendations are not limited to any specific product or service and will generally include advice regarding the following securities:
• Exchange-listed securities (I.E. NASDAQ, NYSE, AMEX)
• Securities traded over the counter
• ETF’s – Exchange Traded Funds
• Corporate debt securities (other than commercial paper)
• Municipal Bonds
• Certificates of deposit
• Mutual fund shares
• United States governmental bonds
• Alternative Investments
• REITS
• Money Market Funds Because some types of investments involve certain additional degrees of risk, they will only be purchased when consistent with the client's stated investment objectives, tolerance for risk, liquidity, and suitability. FINANCIAL PLANNING Financial planning is a comprehensive evaluation of a client’s current and future financial state by using currently known variables

to predict future cash flows, asset values and withdrawal plans. Through the financial planning process, all questions, information, and analysis are considered as they impact the entire financial and life situation of the client. Clients purchasing this service receive a written report which provides a detailed financial plan designed to assist in reaching their financial goals and objectives. In general, the financial plan can address any or all of the following areas:
• PERSONAL: We review family records, budgeting, personal liability, estate information and financial goals.
• TAXES: Collaborate with clients’ tax advisor or CPA and offer best option strategies to limit or reduce tax liability on income and investments.
• CASH FLOW: Analyze the inflow and outflow of money to forecast the client’s short- and long-term expenses against the current and future cash flow.
• INVESTMENT: Construct and monitor a portfolio of stocks, bonds, and alternative investments with a focus on diversification and risk management.
• INSURANCE: Evaluate existing Life, Health, LTC, Disability and Liability policies to ensure adequate coverage and reduce risk exposure.
• RETIREMENT: Develop a comprehensive individualized program to evaluate various options to help the client achieve their retirement goals.
• EDUCATION PLANNING: Explore various ways to optimize savings for education funding through 529 Plans, Coverdell ESA, Custodial Accounts (UGMA/UTMA) and Trusts.
• ESTATE: Prepare plans to include Trusts, Wills, POD, TOD Designations, POA’s to best protect assets from probate and taxes. We gather required information through in-depth personal interviews. Information gathered includes the client’s current financial status, tax status, future goals, returns objectives and attitudes towards risk. We carefully review documents supplied by the client, including a questionnaire completed by the client, and prepare a written report. Should the client choose to implement the recommendations contained in the plan, we suggest the client work closely with his/her attorney, accountant, insurance agent, and/or stockbroker. Implementation of financial plan recommendations is entirely at the client’s discretion. We also provide general non-securities advice on topics that may include tax and budgetary planning, estate planning and business planning. Typically, the financial plan is presented to the client within one month of the contract date, provided that all information needed to prepare the financial plan has been promptly provided. AMOUNT OF MANAGED ASSETS As of 12/31/2023, we were actively managing $397,730,336 of clients' assets on a discretionary basis.