SFC Financial, LLC is an SEC-registered investment adviser with its principal place of business located in Missouri. SFC Financial, LLC began conducting business in 2003. Listed below are the firm's principal shareholders (i.e., those individuals and/or entities controlling 25% or more of this company).
• Kenneth A. Coplen, Manager & Member
• Jacob V. Potter, Member SFC Financial, LLC offers the following advisory services to our clients: INVESTMENT SUPERVISORY SERVICES Individual Portfolio Management Our firm provides continuous advice to a client regarding the investment of client funds based on the individual needs of the client. Through personal discussions in which goals and objectives based on a client's particular circumstances are established, we develop a client's personal investment allocation and create and manage a portfolio based on that allocation. During our data-gathering process, we determine the client's individual objectives, time horizons, risk tolerance, and liquidity needs. As appropriate, we also review and discuss a client's prior investment history, as well as family composition and background. We manage these advisory accounts on a non-discretionary basis. Account supervision is guided by the client's stated objectives (i.e., maximum capital appreciation, growth, income, or growth and income), as well as tax considerations. Clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. Our investment recommendations are not limited to any specific product or service offered by a broker-dealer or insurance company and will generally include advice regarding the following securities:
• Exchange-listed securities
• Securities traded over-the-counter
• Foreign issuers
• Warrants
• Corporate debt securities (other than commercial paper)
• Commercial paper
• Certificates of deposit
• Municipal securities
• Variable life insurance
• Variable annuities
• Mutual fund shares
• United States governmental securities
• Options contracts on securities
• Interests in partnerships investing in real estate
• Interests in partnerships investing in oil and gas interests
• Other - In addition, Adviser may recommend or provide investment advice on any securities owned by the client when they begin their relationship with Adviser. They will also provide investment advice on REITs (real estate investment trusts); 529 college-savings plans; ETFs (exchange-traded funds). Because some types of investments involve certain additional degrees of risk, they will only be implemented/recommended when consistent with the client's stated investment objectives, tolerance for risk, liquidity and suitability. FINANCIAL PLANNING We provide financial planning services. 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 and are impacted by the entire financial and life situation of the client. Clients purchasing this service receive a written report which provides the client with a detailed financial plan designed to assist the client achieve his or her 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.
• TAX & CASH FLOW: We analyze the client's income tax and spending and planning for past, current and future years; then illustrate the impact of various investments on the client's current income tax and future tax liability.
• INVESTMENTS: We analyze investment alternatives and their effect on the client's portfolio.
• INSURANCE: We review existing policies to ensure proper coverage for life, health, disability, long-term care, liability, home and automobile.
• RETIREMENT: We analyze current strategies and investment plans to help the client achieve his or her retirement goals.
• DEATH & DISABILITY: We review the client's cash needs at death, income needs of surviving dependents, estate planning and disability income.
• ESTATE: We assist

the client in assessing and developing long-term strategies, including as appropriate, living trusts, wills, review estate tax, powers of attorney, asset protection plans, nursing homes, Medicaid and elder law. Adviser seeks to have a comprehensive and specific knowledge and understanding of each client's need for creation, protection, and enhancement of assets (wealth) through diversified investing. Adviser also seeks to employ the proper level and allocation of safety, income, and asset appreciation within and on behalf of the client's customized investment portfolio. 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. Financial Planning recommendations are not limited to any specific product or service offered by a broker-dealer or insurance company. All recommendations are of a generic nature. QUALIFIED RETIREMENT PLAN ADVISORY SERVICES We also provide consulting and advisory services for employer-sponsored retirement plans in accordance with the Employee Retirement Income Security Act ("ERISA"). The services provided are ERISA 3(21) fiduciary services. When delivering ERISA services, we will perform these services for the retirement plan as a fiduciary and will act in good faith and with the degree of diligence, care and skill that prudent person rendering similar services would exercise under similar circumstances. These services are provided on a non-discretionary basis. Under a 3(21) fiduciary advisory arrangement, we may make recommendations of investments to Plan Sponsors, monitor the performance of the selected investments, and provide guidance throughout the fiduciary process. As an ERISA Section 3(21) fiduciary, we do not have authority to make and implement fiduciary decision for the Plan. Our recommendations relieve Plan Sponsors of some of the liability associated with their investment decisions, when the decisions are based on our advice. The Plan Sponsor is responsible for the selection and monitoring of the 3(21) investment manager and implementation of any of the 3(21) investment manager's investment recommendations, and assumes responsibility and liability for any overriding decisions made by the Plan Sponsor. The Plan Sponsor will have the opportunity to meet with us periodically to review the plan strategies. We will assist the Plan Sponsor with the establishment, execution and interpretation of a written investment policy statement ("IPS") to document the plan's investment goals and objectives as well as certain policies governing the investment of assets. The IPS serves as a guide to assist in effectively supervising, monitoring and evaluating the investment of the plan's assets. We will prepare a draft of the IPS based upon information furnished by the Plan Sponsor designed to profile various factors for the account such as investment objectives, risk tolerances and demographics of the retirement plan participants. It is the Plan Sponsor's responsibility to provide all necessary information for the preparation of the IPS, particularly any limitations imposed by law or otherwise. This draft IPS is then submitted to the Plan Sponsor for review and approval. Upon the Plan Sponsor's final approval, it is our responsibility to adhere to the IPS while managing the retirement program. We encourage the Plan Sponsor to review accounts periodically to verify our compliance with the IPS. The IPS will be reviewed at least annually to determine whether stated investment objectives are still relevant and the continued feasibility of achieving those objectives. AMOUNT OF MANAGED ASSETS As of December 2023, we were actively managing $162,205,594 of client assets on a non- discretionary basis and no client assets on a discretionary basis.