9AT: AFFILIATED FINANCIAL ADVISORS INC

AFFILIATED FINANCIAL ADVISORS INC

AFFILIATED FINANCIAL ADVISORS INC

Adviser Profile

As of Date	02/27/2026
Registration	SEC, Approved, 04/21/2000
ADV Location	MILWAUKEE, WI, United States
Contact Info	414 xxxxxxx
Websites

AUM^*	541,478,694 34%
of that, discretionary	0
Number of Employees	4
of those in investment advisory functions	4
Private Fund GAV^*	0
Avg Account Size	245,346 26%
% High Net Worth	19.82% 3%
SMA’s	Yes
Private Funds	0

Adviser Type

- Large advisory firm

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals

Advisory Activities

- Portfolio management for individuals and/or small businesses

Compensation Arrangments

- A percentage of assets under your management

Reported AUM

541M 464M 387M 309M 232M 155M 77M

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

Brochure Summary

Overview

Affiliated Financial Advisors, Inc. (“AFA”) is an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). AFA provides non-discretionary investment supervisory services to a broad range of clients. It does not offer a "wrap service" program where advisory services and transactions are provided for one asset-based fee. AFA became registered as an investment adviser in 1994. AFA is wholly-owned by George M. Schmidley. AFA is not under common control with any other firm. AFA also does not control any other firm or engage in any other business activity. AFA's advisory services are described in detail below. Non-discretionary Investment Supervisory Services Investment Supervisory Services begin with AFA analyzing the investments in a client's current portfolio and obtaining information from the client pertaining to the client's financial situation, objectives, goals and investment restrictions. Services begin by a client identifying the client’s investment objectives. The firm then makes recommendations with respect to investments in the client’s account consistent with the client’s

objectives and investment restrictions. Recommendations relate to investment of cash equivalents, bonds, shares of common or preferred stock, mutual funds, or other securities. Once a portfolio is established, an AFA Representative monitors the performance of the account. Client's may place reasonable investment restrictions on their account, and may contact their account manager at any time. All advice is based on information provided by the client. It is the client's responsibility to be certain that AFA has current and accurate information. AFA will provide advice and take action in the performance of its duties to a client which may differ from advice given, or the timing and nature of the action taken, with respect to other client accounts. AFA does not assure or guarantee the results of any of its recommendations; thus, losses can occur from following AFA’s advice pertaining to any investment or investment approach, including using conservative investment strategies. As of December 31, 2023, AFA had $404,483,156 in assets under non-discretionary management and none under discretionary management.