Firm Description Patrick M. Sweeney & Associates, Inc. was founded in 2001. Our principal office and place of business is located at 900 Technology Way, Suite 260, Libertyville, Illinois 60048. Regular business hours are 8:30am to 5:00pm Monday through Friday CST. Patrick M. Sweeney & Associates, Inc. provides personalized confidential investment management and financial planning to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and small businesses. Advice is provided through consultation with the client and may include determination of financial objectives, identification of financial problems, cash flow management, tax planning, insurance review, investment management, education funding, retirement planning, and estate planning. Patrick M. Sweeney & Associates, Inc. does not act as a custodian of client assets. The client always maintains asset control. Patrick M. Sweeney & Associates, Inc. places trades for clients under a limited power of attorney. A written evaluation of each client's initial situation is available to the client, often in the form of a net worth statement. Periodic reviews are also communicated to provide reminders of the specific courses of action that need to be taken. More frequent reviews occur but are not necessarily communicated to the client unless immediate changes are recommended. Other professionals (e.g., lawyers, accountants, insurance agents, etc.) are engaged directly by the client on an as-needed basis. Conflicts of interest will be disclosed to the client in the unlikely event they should occur. The initial meeting, which may be by telephone, is free of charge and is considered an exploratory interview to determine the extent to which investment management and financial planning may be beneficial to the client. Principal Owner Patrick M. Sweeney is the firm’s principal owner. Types of Advisory Services Patrick M. Sweeney & Associates, Inc. provides investment supervisory services, also known as asset management services on a discretionary and non-discretionary basis. In addition, the firm manages investment advisory accounts not involving investment supervisory services and furnishes investment advice through consultations or other devices which clients may use to evaluate securities. On more than an occasional basis, Patrick M. Sweeney & Associates, Inc. furnishes advice to clients on matters not involving securities, such as financial planning matters, taxation issues, and trust services that often include estate planning. As of December 31, 2022 Patrick M. Sweeney & Associates, Inc. managed $136,484,606 on a discretionary basis and $933,386 on a non-discretionary basis. Tailored Relationships The scope of each client’s relationship is determined by mutually agreed upon goals, objectives, and risk tolerance. Clients may impose restrictions on investing in certain securities or types of securities. Agreements may not be assigned without client consent. Types of Agreements The following agreements define the typical client relationships. Advisory Service Agreement Most clients choose to have Patrick M. Sweeney & Associates, Inc. manage their assets in order to obtain ongoing in-depth advice and life planning. All aspects of the client’s financial affairs are reviewed, including those of their children. Realistic and measurable goals are set and objectives to reach those goals are defined. As goals and objectives change over time, suggestions are made and implemented on an ongoing basis. The scope of work and fee for an Advisory Service Agreement is provided to the client prior to the start of the relationship. An Advisory Service Agreement includes cash flow management; insurance review; investment management (including performance reporting); education planning; retirement planning; estate planning; and tax preparation, as well as the implementation of recommendations within each area. The annual Advisory Service Agreement fee is based on a percentage of the investable assets according to the following schedule: 8/10ths of 1% on account values less than $500,000; 6/10ths of 1% on accounts values more than $500,000. The minimum annual fee is $800 and may be negotiable. Current client relationships may exist where the fees are higher or lower than the fee schedule above. We retain the discretion to negotiate alternative fees on a client-by client basis. Although the Advisory Service Agreement is an ongoing

agreement and constant adjustments are required, the length of service to the client is at the client’s discretion. The client or the investment manager may terminate an agreement by ten days’ written notice to the other party. At termination, fees will be billed on a pro rata basis for the portion of the quarter completed. Tax preparation work is performed as an integral part of the Advisory Service Agreement. These services may be performed as part of the Advisory Service Agreement or on an hourly basis. Financial Planning Agreement A financial plan is designed to help the client with all aspects of financial planning without ongoing investment management after the financial plan is completed. The financial plan may include, but is not limited to: a net worth statement; a cash flow statement; a review of investment accounts, including reviewing asset allocation and providing repositioning recommendations; strategic tax planning; a review of retirement accounts and plans including recommendations; a review of insurance policies and recommendations for changes, if necessary; one or more retirement scenarios; estate planning review and recommendations; and education planning with funding recommendations. Detailed investment advice and specific recommendations are provided as part of a financial plan. Implementation of the recommendations is at the discretion of the client. The fee for a financial plan is predicated upon the facts known at the start of the engagement. The minimum fee is $800 and may be negotiated. Since financial planning is a discovery process, situations occur wherein the client is unaware of certain financial exposures or predicaments. In the event that the client’s situation is substantially different than disclosed at the initial meeting, a revised fee will be provided for mutual agreement. The client must approve the change of scope in advance of the additional work being performed when a fee increase is necessary. After delivery of a financial plan, future face-to-face meetings may be scheduled as necessary for up to six months. Follow-on implementation work is billed separately at the rate of $200 per hour. Retainer Agreement In some circumstances, a Retainer Agreement is executed in lieu of an Advisory Service Agreement when it is more appropriate to work on a fixed- fee basis. The annual fee for a Retainer Agreement is $800 and may be negotiable. Tax Preparation Agreement Tax preparation work may be included in the Advisory Service Agreement or Retainer Agreement scope of work. Tax preparation work performed separately from an Advisory Service Agreement or a Retainer Agreement is billed at a flat rate agreed upon by the client. Eligible federal and applicable state returns are filed electronically without an additional fee. Hourly Planning Engagements Patrick M. Sweeney & Associates, Inc. provides hourly planning services for clients who need advice on a limited scope of work. The hourly rate for limited scope engagements is $200. Asset Management Stocks and bonds may be purchased or sold through a brokerage account when appropriate. The brokerage firm charges a fee for stock and bond trades. Patrick M. Sweeney & Associates, Inc. does not receive any compensation, in any form, from brokerage houses or fund companies. Investments may also include exchange-traded funds, corporate debt securities, certificates of deposit, municipal securities, investment company securities as mutual funds shares, and U. S. government securities. Initial public offerings (IPOs) are not available through Patrick M. Sweeney & Associates, Inc. Termination of Agreement A Client may terminate any of the aforementioned agreements without penalty at any time by notifying Patrick M. Sweeney & Associates, Inc. in writing with ten days’ written notice, and paying the rate for the time spent on the investment advisory engagement prior to notification of termination. We do not currently accept advance payments; however, if the client made an advance payment, Patrick M. Sweeney & Associates, Inc. will refund any unearned portion of the advance payment. Patrick M. Sweeney & Associates, Inc. may terminate any of the aforementioned agreements at any time by notifying the client in writing with ten days’ notice. If the client made an advance payment, Patrick M. Sweeney & Associates, Inc. will refund any unearned portion of the advance payment.