Page 5 A. Tetley Investments, LLC Tetley Investments, LLC (“Tetley” and/or the “firm”), is an Illinois limited liability company. Philip Paul Tetley is the firm’s sole owner. Tetley has been providing investment advisory and financial planning services since June 2012. B. Advisory Services Offered Tetley is an independent asset management and financial planning firm offering investment advisory and financial planning services to individuals including high-net-worth individuals, pension and profit sharing plans, corporations, charitable organizations, and trusts. For its discretionary asset management services, Tetley receives a limited power of attorney to effect securities transactions on behalf of its clients that include securities and strategies described in Item 8 of this Brochure. B.1. Discretionary Asset Management Services Tetley’s investment advisory services consist of its management of client accounts on a discretionary basis. Individually Tailored Asset Management Services: Tetley will structure a portfolio based on an assessment of the client’s financial situation, return expectations, sensitivity to volatility, and an assessment of the economic and market environment. The portfolio will be structured utilizing securities and strategies identified in Item 8 of this Brochure. The client may impose reasonable restrictions concerning the management of his or her account(s). Clients have the right to provide the firm with any reasonable investment restrictions that should be imposed on the management of their portfolio, and should promptly notify the firm in writing of any changes in such restrictions or in the client's personal financial circumstances, investment objectives, goals and tolerance for risk. Tetley will remind clients of their obligation to inform the firm of any such changes or any restrictions that should be imposed on the management of the client’s account. Tetley will also contact clients at least annually to determine whether there have been any changes in a client's personal financial circumstances, investment objectives and tolerance for risk. B.2. Financial Planning Services Financial planning involves the creation of a financial plan that is based upon in-depth personal interviews and data gathering with the client. Topics discussed and information gathered include, but are not limited to, the client’s current personal and financial situation, investment objectives, future goals,

and tolerance for risk. All relevant documents supplied by the client are maintained in a confidential manner and carefully reviewed and analyzed. Following the data gathering process and review and analysis of documentation provided, a personalized financial plan is developed and presented for client Page 6 review. The prepared plan specifically identifies the client’s needs and objectives and includes recommendations to help achieve the defined goals. Such strategies and goals may include one or more of the following: ▪ Income Tax Planning and Preparation: Tetley will illustrate the impact of various investments on a client’s current income tax and future tax liability. ▪ Retirement Planning: Analysis of current strategies and investment plans to help achieve retirement goals. ▪ Estate Planning: Analysis of financial issues with respect to living trusts, wills, estate tax, powers of attorney, asset protection plans, nursing homes, Medicaid, and elder law. ▪ Insurance: Review of existing policies to ensure proper coverage for life, health, disability, long-term care, liability, home, and automobile. ▪ Asset Allocation and Investment Strategies: Analysis of asset allocation and investment alternatives and the effect on the client’s current portfolio. Typical financial planning services, which are offered to all high-net-worth clients, include one or more of each of the aforementioned service components. A financial plan may require the services of a specialist such as an estate attorney, insurance specialist, or tax accountant. Tetley may recommend third-party service providers, but the client is under no obligation to use any service provider recommended by Tetley. C. Client-Tailored Services and Client-Imposed Restrictions Each client’s account will be managed on the basis of the client’s financial situation and investment objectives, and in accordance with any reasonable restrictions imposed by the client on the management of the account—for example, restricting the type or amount of security to be purchased in the portfolio. D. Wrap Fee Programs Tetley does not participate in wrap fee programs. (Wrap fee programs offer services for one all- inclusive fee.) E. Client Assets Under Management As of December 31, 2022, Tetley had $117,585,753 of discretionary assets under management and $14,199,181 of non-discretionary assets under management.
Item 5: Fees and Compensation