A. MJC Advisors, LLC, (“MJC”) is a limited liability company formed in Maryland on July 21, 2005. MJC has been registered with the United States Securities and Exchange Commission since January 10, 2020 and was previously registered with the Maryland Securities Division (and with various other states). MJC’s Managing Member, Michael Cooperman, is MJC’s principal owner. B. As discussed below, MJC offers to its clients (currently comprised of individuals, high net worth individuals, trusts, estates, pensions and profit-sharing plans) investment advisory services and financial planning and consulting services. INVESTMENT ADVISORY SERVICES Clients can engage MJC to provide discretionary investment advisory services on a fee- only basis. MJC’s annual investment advisory fee is based upon a percentage of the market value of the assets placed under its management. When engaging MJC to provide investment advisory services, clients are required to enter into an Investment Advisory Agreement with MJC setting forth the terms and conditions of the engagement (including termination), describing the scope of the services to be provided, and the fee that is due from the client. Upon request or as part of the advisory process, MJC may at its discretion also provide financial planning and consulting services as part of its engagement that typically relate to account performance as compared to established financial goals and risks. MJC’s investment advisory services are specifically tailored to the needs of each client. Before providing investment advisory services, an investment adviser representative will collaborate with the client to develop investment objectives, which are based upon an assessment of factors that typically include: capital preservation; risk tolerance; income production; liquidity requirements; client preferences; asset and liability levels; and investment restrictions. The client’s investment objectives are established, and a compatible investment strategy and plan are then implemented. Clients may, at any time impose restrictions in writing on investing in certain securities or types of securities. MJC primarily allocates investment assets among mutual funds and exchange traded funds (“ETFs”) and may also allocate to individual equities when consistent with investment objectives. Once client investment assets are allocated, MJC provides ongoing monitoring and review of account performance and asset allocation as compared to client-designated investment objectives and may execute account transactions or implement a corresponding shift in investment strategy because of those reviews or other triggering events. MISCELLANEOUS Limitations of Non-Investment Consulting/Implementation Services. MJC does not serve as a law firm, accounting firm, or insurance agency, and no portion of MJC’s services should be construed as legal, accounting, or insurance implementation services. Accordingly, MJC does not prepare estate planning documents, tax returns, or sell insurance products. Unless specifically agreed in writing, neither MJC nor its representatives are responsible to implement any financial plans or financial planning advice; provide ongoing financial planning services; or provide ongoing monitoring of financial plans or financial planning advice. MJC’s financial planning and consulting services are completed upon communicating its recommendations to the client. If requested by a client, MJC may also recommend the services of other professionals for certain non-investment implementation purposes (i.e., attorneys, accountants, insurance agents, etc.). Clients are under no obligation to engage the services of any recommended professional, who are responsible

for the quality and competency of the services they provide. Client Obligations. In performing its services, MJC will not be required to verify any information received from the client or from the client’s designated professionals and is expressly authorized to rely thereon. Clients are responsible to promptly notify MJC if there is ever any change in their financial situation or investment objectives for the purpose of reviewing or amending MJC’s services or previous recommendations. Retirement Plan Rollovers-No Obligation / Conflict of Interest. A client or prospective client leaving an employer has four options regarding an existing retirement plan (and may engage in a combination of these options): (i) leave the money in the former employer’s plan, if permitted, (ii) roll over the assets to the new employer’s plan, if one is available and rollovers are permitted, (iii) roll over to an Individual Retirement Account (“IRA”), or (iv) cash out the account value (which could, depending upon the client’s age, result in adverse tax consequences). If MJC recommends that a client roll over their retirement plan assets into an account to be managed by MJC, such a recommendation creates a conflict of interest if MJC will earn a new (or increase its current) advisory fee as a result of the rollover ERISA / IRC Fiduciary Acknowledgment. When MJC provides investment advice to a client about the client’s retirement plan account or individual retirement account, it does so as a fiduciary within the meaning of Title I of the Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable, which are laws governing retirement accounts. Because the way MJC makes money creates some conflicts with client interests, MJC operates under a special rule that requires it to act in the client’s best interest and not put its interests ahead of the client’s. Under this special rule’s provisions, MJC must: meet a professional standard of care when making investment recommendations (give prudent advice); never put its financial interests ahead of the client’s when making recommendations (give loyal advice); avoid misleading statements about conflicts of interest, fees, and investments; follow policies and procedures designed to ensure that MJC gives advice that is in the client’s best interest; charge no more than is reasonable for MJC’s services; and give the client basic information about conflicts of interest. Portfolio Trading Activity / Inactivity. As part of its investment advisory services, MJC will review client portfolios on an ongoing basis to determine if any trades are necessary based upon various factors, including but not limited to investment performance, market conditions, fund manager tenure, style drift, account additions/withdrawals, the client’s financial circumstances, and changes in the client’s investment objectives. Based upon these and other factors, there may be extended periods when MJC determines that upon review, trades within a client’s portfolio are not prudent. Clients nonetheless remain subject to the fees described in Item 5 during periods of portfolio trading inactivity. C. MJC provides investment advisory services tailored specifically to the needs of each client. Before providing investment advisory services, an investment adviser representative will ascertain each client’s investment objectives. Thereafter, MJC will allocate investment assets consistent with the designated investment objectives. The client may, at any time, impose reasonable restrictions in writing, on MJC’s services. D. MJC does not participate in a wrap fee program. E. As of December 31, 2023, MJC had $144,562,779 in assets under management on a discretionary basis.