Tilden, Loucks & Woodnorth, LLC is a SEC-registered investment adviser with its principal place of business located in Chicago, Illinois. TLW began conducting business in its current form in 1991. We provide fee-based financial planning, investment management and other services to individuals, trusts, estates, charitable organizations and small businesses. In a typical situation, after consultation, an Investment Advisor Representative ("IAR") will provide financial advice to customers which may include: determination of financial objectives, cash flow management, tax planning, investment management, asset allocation, education funding, retirement planning, estate planning, bill paying and other services as agreed. Listed below are the firm's principal shareholders (i.e., those individuals and/or entities controlling 25% or more of this company).
• LaSalle St. Holdings, LLC (“LSH”), Sole Owner. Formerly known as McDermott Holdings1, LP. (“MH1”) Since 2016, TLW offers its services primarily via a subadvisor agreement with RGCO. In August 2016, after the death of TLW managing director Ann Woodnorth, TLW and RGCO entered into the subadvisory agreement. Pursuant to this agreement, RGCO provides non- discretionary investment advice to virtually all TLW clients. Under the subadvisory agreement, RGCO and TLW have divided their responsibilities. RGCO provides recommendations and investment advice and order placement to TLW clients on a non-discretionary basis only. All recommendations must be in accordance with TLW’s contract with each client. TLW and its sister company, LaSalle St. Securities, LLC (“LSS”) supervise the investment advice rendered to clients by RGCO. At all times, TLW is responsible for its management and operational responsibilities. RGCO has no responsibilities in those areas. The subadvisor also places orders for trades to effectuate investment advice approved by clients. TLW also currently manages one discretionary account through RGCO. All trades executed for this account are approved by TLW before execution through RGCO. TLW monitors the performance of RGCO under its Subadvisor Agreement. It updates its due diligence of RGCO’s performance

by reviewing data on performance on a regular basis. TLW offers the following advisory services to our clients: INVESTMENT SUPERVISORY SERVICES ("ISS") INDIVIDUAL PORTFOLIO MANAGEMENT The firm provides advice about investing assets based on the individual needs of the client. Through client discussions and communications, we help clients establish a personal investment strategy, as well as create, maintain and manage a portfolio based on that strategy. During our data-gathering process, TLW and RGCO determine the client’s individual objectives, time horizons, risk tolerance, and liquidity needs. As appropriate, we also review and discuss a client's prior investment history, as well as family composition, background and other information. We manage advisory accounts on a discretionary or non-discretionary basis, as the client elects, as discussed above. We invest and make recommendations based on the client's stated objectives (i.e., capital appreciation, growth, income, or growth and income), tax considerations, and other criteria as agreed upon by the firm and the client. Our investment recommendations are not limited to specific products or services and will generally include advice regarding the following securities:
• Exchange-listed securities
• Securities traded over-the-counter
• Foreign issuers
• Warrants
• Corporate debt securities (other than commercial paper)
• Commercial paper
• Certificates of deposit
• Municipal securities
• Mutual fund shares
• United States governmental securities
• Options contracts on securities
• Partnership interests investing in real estate
• Partnership interests investing in oil and gas interests Every investment strategy involves varying degrees of risk, including the risk of loss of the entire investment. All strategies are recommended only when consistent with the client's stated investment objectives, tolerance for risk, liquidity and suitability. AMOUNT OF MANAGED ASSETS As of 12/31/2023 we actively managed $14,252,976.00 of clients' assets on a discretionary basis plus $135,597,837.00 of clients' assets on a non-discretionary basis.