9AT: CAPITAL MANAGEMENT ADVISORS INC

Adviser Profile

As of Date	12/12/2025
Registration	SEC, Approved, 11/05/1991
ADV Location	MARIETTA, GA, United States
Contact Info	770 xxxxxxx
Websites

AUM^*	52,004,472
of that, discretionary	48,467,658
Number of Employees	4
of those in investment advisory functions	3
Private Fund GAV^*	0
Avg Account Size	262,649
% High Net Worth	3.05%
SMA’s	Yes
Private Funds	0

Adviser Type

- No longer eligible

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Pension and profit sharing plans
- Charitable organizations
- Corporations or other businesses not listed above

Advisory Activities

- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses
- Pension consulting services

Compensation Arrangments

- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser LEVEL FOUR ADVISORY SERVICES	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM6.5b	#Funds-
Adviser WATER STREET FINANCIAL LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM147.3m	#Funds-
Adviser IC ADVISORY SERVICES, INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM2.1b	#Funds-
Adviser CONVERGENCE FINANCIAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM904.0m	#Funds-
Adviser PFG ADVISORS	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM3.3b	#Funds-
Adviser CONRAD CAPITAL MANAGEMENT, INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM90.7m	#Funds-
Adviser CG ADVISORY SERVICES	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM4.6b	#Funds-
Adviser ALTERITY FINANCIAL GROUP, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM120.9m	#Funds-
Adviser 4WEALTH ADVISORS, INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM275.3m	#Funds-
Adviser PENOBSCOT FINANCIAL ADVISORS	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM544.5m	#Funds-

Brochure Summary

Overview

Capital Management Advisors, Inc. (“CMA”) is a wholly owned subsidiary of Consolidated Capital Management, Inc. The principal owner of Consolidated Capital Management, Inc. (i.e. owns 25% or more) is Ted J. Propes. CMA’s principal service is investment management and counseling. We continuously review client portfolios in light of stated investment objectives, assets outside the portfolio which you disclose to us, and the nature and extent of other obligations you might have. In addition, we provide specific investment advice and implementation based on the investment objectives and instructions you give us. We advise as to the suitability of most types of securities including: equity securities (whether listed on a securities exchange, traded over-the-counter or closely held), corporate debt obligations, warrants, commercial paper, municipal indebtedness, investment company shares, and United States Government obligations. Along with appropriate interim reports, CMA provides you with a quarterly summary of our appraisal of the domestic economic and investment outlook. In addition, we occasionally send to our clients and, at times, to others we believe might have a particular interest in the subject of this material, general industry, individual company, or economic reports developed internally, or copies of speeches made by personnel of our firm. You retain us by

entering into a written agreement for either discretionary or non-discretionary services. This contract may be terminated by either you or us with written notices as agreed upon. Fees will be prorated to date of termination and any unearned portion of prepaid fees will be refunded to you. Retirement Plan Services We also provide several retirement plan consulting and advisory services. The primary clients for these services will be the sponsors of pension, profit sharing, and 401(k) plans. Retirement Plan Services are generally comprised of fiduciary services and non-fiduciary services at both the plan and participant levels. With regard to the fiduciary services, we provide clients (i.e. Plan Sponsors) with plan-level non-discretionary investment advice services, plan-level discretionary investment management services under Section 3(38) of ERISA, participant-level discretionary investment management services under Section 3(38) of ERISA, and participant-level non-discretionary investment advice services. CMA does not participate in wrap fee programs. CMA manages your assets on both a discretionary and non-discretionary basis. As of March 30, 2022, Capital Management Advisors manages $41,319,017 of discretionary client dollars and $9,452,602 of non-discretionary client dollars for a total of $50,771,619 under management. Capital Management Advisors, Inc. Page 5

CAPITAL MANAGEMENT ADVISORS INC

CAPITAL MANAGEMENT ADVISORS INC

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

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CAPITAL MANAGEMENT ADVISORS INC CAPITAL MANAGEMENT ADVISORS INC

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

CAPITAL MANAGEMENT ADVISORS INC

CAPITAL MANAGEMENT ADVISORS INC