After years of experience in the asset management industry, Patricia P. Houlihan formed Houlihan Financial Resource Group, Ltd. (“Houlihan”) in 1999. Houlihan Financial Resource Group, Ltd. is owned by both Patricia and Ryan Houlihan. As of 2022, the team at Houlihan Financial Resource Group, Ltd. has collectively been in the business of providing investment advice to clients for over 75 years. Houlihan provides personalized financial planning and/or investment management services. Clients advised may include individuals, trusts, foundations, pensions and corporations. Financial Planning Houlihan believes that any asset management service performed without an understanding of a client’s needs, goals and current circumstances will not provide value for the client. Houlihan gathers information from clients regarding financial circumstances and goals which is evaluated by Houlihan to create a plan that the firm believes is best suited to meet the client’s financial goals. The plan is intended to be a suggested blueprint for a specific client. Because the plan is based on information supplied by the client, it is very important that clients accurately and completely communicate the information requested by the firm. Also, as personal circumstances change, clients should continually update Houlihan with any changes so that the firm may evaluate whether changes in circumstances warrant changes in the way services are provided to that client, including asset allocation changes. Not all financial planning services result in the preparation of a comprehensive stand-alone financial plan. Rather, the planning process with Houlihan is more typically an ongoing process, integrated into the asset management services each client receives. Asset Management Houlihan requires each client seeking investment management services to place at least $1,000,000 with the firm, subject to the ability

of the firm to waive this requirement. Clients engaging Houlihan to provide asset management services will work with the firm to establish investment objectives and guidelines, through which asset allocations are determined. Asset management services are provided on a “discretionary” basis. When Houlihan is engaged to provide asset management services on a discretionary basis, accounts are monitored to ensure that they are meeting the client’s asset allocation requirements. If any changes are needed, the firm will make the changes. These changes may involve selling a security or group of investments and buying others or keeping the proceeds in cash. Clients may at any time place reasonable restrictions on the types of investments in a portfolio, or on the allocations to each security type. Clients engaging the firm on a discretionary basis will be asked to execute a Limited Power of Attorney (granting the firm the discretionary authority over the client accounts) as well as an Investment Management Agreement that outlines the responsibilities of both the client and Houlihan. For clients and their younger family members new to the investing space or with limited assets, Houlihan provides portfolio management services through an investment service called Institutional Intelligent Portfolios™, an automated, online investment management platform for use by independent investment advisors offered by Schwab Performance Technologies (the “Program” and “SPT,” respectively). The minimum investment required to open an account in the Institutional Intelligent Portfolios Program is $5,000, therefore enabling certain clients to begin a formal investment program. Please refer to Item 12 for more information. As of March 6, 2024, Houlihan Financial Resource Group, Ltd. managed $322,419,429 in assets under management for 570 accounts, all of which are managed on a discretionary basis.