A. Description of the Advisory Firm This firm has been in business since August 1, 2008, and the principal owners are Carroll Williams Hayes. Charles Carroll Financial Partners, LLC was formed on August 1, 2008. The principal owners of the firm are Carroll William Hayes. Charles Carroll Financial Partners, LLC (hereinafter “CCFP”) is an independently owned and operated investment advisory firm. CCFP is not represented by or affiliated with any insurance company, trust company, bank, or investment firm. CCFP, LLC provides investment management and personalized financial planning. These services are available to individuals, trusts, small businesses, pension and Profit - sharing plans, estates, and charitable organizations. CCFP, LLC receives compensation based solely upon a fee only structure. As such, CCFP does not receive commission based on the client’s purchase of any financial or insurance product. We do not receive commissions in any form. We do not pay for referral fees nor are referral fees accepted. The firm is not affiliated with the sale of any proprietary product that may compensate the firm for its purchase. B. Types of Advisory Services CCFP offers the following services to clients: Financial Planning CCFP provides financial planning to clients. Financial Planning typically includes an initial client meeting from which the client and CCFP will determine the scope of the engagement and define relevant expectations. Through this meeting CCFP will assess the financial client’s situation and needs. Financial planning and subsequent financial plans may include, but are not limited to: investment planning, life insurance; tax concerns; retirement planning; college planning; and mortgage or credit planning. Financial plans will consider all pertinent areas specific to the financial requests or needs of the client. Financial planning requires a collaborative effort. The benefits resulting from the compilation and interpretation of a financial plan are contingent upon the comprehensive nature of the information provided by the client. CCFP offers this service based on an hourly and/or fixed fee basis. Prior to engaging CCFP, a written agreement outlining the financial planning services that will be required of CCFP will be established. The total cost depends upon the complexity of the situation and the depth of work requested or required to meet client expectations. Our hourly rate for this type of service is $250 per hour. The client retains all rights to his/her financial plan. As such, the client is under no obligation to implement any of the recommendations from CCFP. However, should a client wish to implement some of the investment recommendations or financial objectives delineated in the financial plan, CCFP will assist the client in the implementation process on an hourly and/or fixed fee basis. Living Financial Plan Consultative Services CCFP will develop a Living Financial Plan (hereinafter “LFP”) for the client. The LFP will be a compilation of the pertinent aspects of the client’s financial life and will factually reflect the client’s overall financial health. The LPF will provide suggestions and alternatives for various aspects of the client’s current financial status in order to enhance the growth of current non-retirement, lifestyle, and retirement assets. In addition, on-going consultative services are always available to the client during the contracted period. In order to insure that CCFP understands the financial concerns of the client, a Letter of Engagement (LOE) will be developed that delineates the client’s and CCFP’s responsibilities/requirements of the relationship. Once signed off by both the client and CCFP, the LOE will serve as a blueprint of the services requested of CCFP by the client. During the contractual period, CCFP will provide its expertise in developing scenarios to enhance the client’s opportunities in various financial segments, i.e., college planning, retirement planning, investment management, insurance review, savings issues, and a review of current and potential tax changes that could affect the client’s net income. CCFP will provide substantive feedback to client financial questions that should arise. This type of engagement will depend on the depth of services the client requires. Typically, this service is a negotiated flat fee based on the complexity of the client situation and depth of service requirements. There is no obligation on the part of the client to implement any recommendation, suggestion, or alternative presented by CCFP. This service does not include discretionary money management. The service requires a yearly renewal upon the expiration for services to continue. Timeliness of investment recommendations, suggestions, or alternatives is at the sole discretion of the client to implement. Investment Management Services CCFP’s process in the implementation of Investment Management Services (hereinafter “IMS”) begins with delineating the financial elements that the client is currently experiencing. Fact gathering

allows CCFP to better comprehend our client’s requirements, limitations, and opportunities for the management of their assets. CCFP constructs a Living Financial Plan (LFP) that specifies the factors affecting the client’s financial situation. The LFP is developed in conjunction with the client and provides the blueprint for implementing an appropriate investment strategy. Factors for developing the LFP include, but are not limited to, the following items: family resources, familial circumstances, current income, tax levels, risk tolerance levels, retirement planning requirements, educational planning, estate planning, cash flow expectations, life insurance needs, and potential charitable giving desires. The LFP will reflect assumptions on the future value of assets should the client adhere to the specifics of the plan. This provides the client with a “blueprint” to assess their attainment of their stated financial goals and aspirations. Once the assumptions found in the LFP are agreed to by both CCFP and the advisory client, CCFP creates an Investment Policy Statement (IPS). The IPS delineates portfolio asset allocation, acceptable investment vehicles, roles, and responsibilities in the management of the client’s financial assets. In addition, the IPS will delineate risk tolerance levels specific to the client’s LFP. The IPS also serves to detail the measures and activities that will be employed in the monitoring and reporting of the client’s results toward the client’s financial goals and aspirations. When a client employs CCFP to provide IMS, CCFP will request that the client provide discretionary authority to CCFP. This will allow CCFP to select, transact, and execute security purchases and sales on behalf of the client. As market conditions change, we will adjust the overall client strategy to curtail or increase exposure to certain asset classes. The implementation of CCFP’s IMS takes into consideration additional factors in the supervision of client assets. CCFP endeavors to minimize all fees associated with the implementation of IMS. CCFP will work with other professionals (e.g., lawyers, accountants, insurance agents, etc.) to provide services that may be outside the scope of CCFP, yet may be beneficially significant for the attainment of the client’s financial well- being. For example, CCFP will work with tax professionals in order to understand the tax implications of specific investment strategies. Clients that employ CCFP’s IMS will have their assets held in the client's name by independent custodians such as Charles Schwab, TD Ameritrade, and Vanguard. CCFP does not act as a custodian for any client assets. The fees for this service are published in our current ADV and are based upon the total assets under management. The fees are assessed quarterly in arrears. CCFP utilizes its own proprietary money management process. This process primarily employs individual securities. However, when opportunities arise where the use of ETF's, mutual funds, bonds, or other properly issued and registered securities can provide unique opportunities for return to our clients, they may be utilized. As a standing rule, CCFP does not share the responsibility of managing client assets with any other firm. In some instances, outside management services may already be employed by the client. When this occurs, at the client’s direction, we will perform a comprehensive review of the outside firm’s ability to provide substantive return in line with the client’s expectations. CCFP will provide this review on a flat-fee basis. CCFP will track the performance of the outside management service as part of its monitoring and reporting commitment to the client. Specific Types of Investments CCFP limits its investment advice and/or money management to mutual funds, equities, bonds, fixed income, debt securities, ETF's, real estate, hedge funds, REITs, insurance products including annuities, private placements, and government securities. C. Client Tailored Services and Client Imposed Restrictions Specific client Financial Plans and their implementation are dependent upon the client’s IPS. This document outlines each client's current situation which may include income, tax levels, and risk tolerance levels, and is used to construct a client specific “blueprint” to aid in the selection of the portfolio that matches restrictions, needs, and targets. Clients may impose restrictions with regards to the types of securities they wish not to invest, in accordance with their values or beliefs. However, if the restrictions prevent CCFP from properly servicing the client account, or if the restrictions set forth by the client, in the estimation of CCFP, restrict or impede the client’s ability to attain proper levels of asset allocation or return, CCFP reserves the right to end the relationship. D. Wrap Fee Programs CCFP does not participate in any wrap fee programs. E. Amounts Under Management CCFP has the following assets under management: Discretionary Amounts: Non-discretionary Amounts: Date Calculated: