TWC was founded in December 1992 by Lee W. Warner. TWC became registered as an independent Registered Investment Advisor in 1997. In May 2021, the firm was acquired by Foundation Risk Partners Corp. (“FRP”), and we are currently a wholly owned subsidiary of FRP. Lee W. Warner remains its Chairman & Chief Executive Officer. The Chief Compliance Officer and Chief Investment Officer is Edwin S. Killinger. Derek J. Elphick is also co-Chief Investment Officer. TWC provides investment management and financial planning services to individuals as well as consulting and administration services to corporations, non-profits and other business entities. As of December 31, 2023, TWC managed $657,425,933, all of which is on a discretionary basis. Additionally, TWC advised on $145,907,272 in corporate sponsored plan assets as of December 31, 2023. These are not considered “assets under management”. Investment management services are based on the needs of each individual client. These services are considered continuous in nature and as such investment accounts are reviewed on an ongoing basis. Financial planning services may include an analysis of the clients' investments, retirement and educational goals, income taxes, insurance policies, benefits packages, business needs, and estate planning. These services may include advice concerning investments that are not under the supervision of TWC, including company stock options and other equity awards. Financial planning recommendations may be implemented through TWC or through any vendor of the clients’ choosing. Clients may impose restrictions on their accounts. TWC will typically recommend the use of an investment institution to serve as custodian for client assets. The client shall have total freedom to execute securities and/or insurance transactions with any company of their choice. TWC will normally recommend the use of Charles Schwab & Co. as custodian for client accounts. TWC will attempt to ensure that the custodial fees or commissions charged by custodians or other institutions with which it has a relationship are reasonable and competitive, but does not use fees as the sole determinant to use or not use a specific institution. Other considerations such as ease of communication and the quality of customer service may also be considered in selecting custodians for client investments. TWC will at no time make decisions to use or not use the services of a custodian solely based on benefits that TWC may potentially receive. TWC will not change or alter its fees structure to reflect differences in services of individual custodians or institutions. The client is under no obligation to use any of these institutions and may choose any investment institution qualified to serve as custodian

for their assets. TWC generally invests client assets in equities, fixed income products, mutual funds, and exchange traded funds (“ETF’s”). Select portfolios also invest in stock options. Alternative investment products may also be used as appropriate. TWC does not participate in any wrap fee programs. In addition to the above services which primarily are offered to our private, individual clients, TWC provides administrative services to organizations wishing to setup and maintain certain types of benefit plans. These services may include: consultation, plan design, on-going administration, review and analysis of other third-party vendors, and investment vehicle selection for corporate clients. These include non-qualified deferred compensation plans offered to the executive level within a company, as well as qualified corporate retirement plans such as 401(k)’s. TWC may develop and maintain certain proprietary systems for data management and record keeping services. Additionally, we may assist with data reconciliation between the HR, payroll and benefits departments of the organization and other third party entities with whom we or our clients may enter into relationships. TWC may be asked by the organization to speak directly to participants in the plan so that we may assist the participants in understanding and enrolling in the plan or plans offered by the organization. As these plans typically offer numerous investment alternatives (mutual funds or sub-accounts are commonly used), there may be questions from the participants as to the various alternatives. In this capacity, the participants in the plan would not be considered individual clients of TWC. Representatives of TWC, in this capacity, will not give specific investment advice, but would distribute information on all of the funds available as well as general educational advice, such as asset allocation. If the participant wishes to engage with TWC for more individualized planning or investment advisory services, it would be done so on an individual basis under a separate agreement. TWC will assist the organization itself with selecting a menu of investment choices to offer to the participants. Typically, these advisory services will be offered to the Finance or Human Resources departments within the organization. Each plan carries with it fiduciary responsibilities for the plan decision makers and compliance rules that must be adhered to. TWC will provide and / or review as required:  3(21) and 3(38) supervision and compliance where elected  Investment / fund benchmarking  Plan menu design / 404(c) compliance for fund diversification  Fee reporting  Periodic scheduled retirement committee meetings  Periodic scheduled employee retirement meetings