Commonwealth Retirement Advisors (“CRA”) has been in business since January 2017. Ryan Drake is the firm’s principal. Mr. Drake has been advising clients for over 20 years and was formerly an independent financial advisor with Lincoln Financial Advisors. CRA primarily provides personalized financial planning and/or investment management services to individuals and families. Specifically, CRA focuses on the big picture of retirement, and creating an effective pathway to reach your retirement goals. Commonwealth focuses its efforts on clients that are in and near retirement along with their families. CRA’s comprehensive planning process starts with a discovery meeting which is spent getting to know you and developing an understanding of your priorities both financial and non-financial. During this session, we will review your statements and other important documents. From there, we will go to work and form a plan to address how you can best meet your retirement objectives while effectively managing risks. Once we have developed a set of observations and reviewed our findings with you, we will focus on specific long-term investment strategies which could be effective in helping you to reach your retirement goals. At this point, we both (CRA and you) decide whether we should engage in a longer-term relationship whereby you would have us manage all or part of your investments. We can also continue to provide you with ongoing financial planning advice. We generally provide ongoing financial planning advice only

to our asset management clients. We perform asset management services on a discretionary basis. This means that while we will continue an ongoing relationship with each client, being involved in various stages of their lives and decisions to be made, we do not seek specific approval of changes to client investment accounts. Because we take discretion when managing accounts, clients engaging us will be asked to execute a Limited Power of Attorney (granting us the discretionary authority over the client accounts) as well as an Investment Management Agreement that outlines the responsibilities of both the client and CRA. We believe that most clients are best served through this type of arrangement. In limited circumstances, we provide asset management services on a non-discretionary basis, which means we will manage the clients’ accounts except we will consult with the client prior to implementing any investment recommendation. Clients should be aware that some recommendations may be time-sensitive, in which case recommendations not implemented because we are unable to reach a non-discretionary client may not be made on a timely basis and therefore a client’s account may not perform as well as it would have had CRA been able to reach the client for a consultation on the recommendation. Assets Under Management As of December 31, 2023, CRA had approximately $240,420,738 in assets under management across 298 households. Of these assets, $240,350,067, were managed on a discretionary basis.