Description of Advisory Firm Schwartz & Co., founded in 1976 by Gregory J. Schwartz, Sr., is an SEC registered investment adviser and licensed broker/dealer. Schwartz Holdings, LLC is the 100% owner of Schwartz & Co. Gregory J. Schwartz, Sr. serves as Chairman of the Board and his five sons, Gregory J. Schwartz, Jr., Walter G. Schwartz, Joseph E. Schwartz, Edward A. Schwartz, and Peter F. Schwartz serve as officers and principals. Types of Advisory Services Schwartz & Co. offers advisory and consulting services to individuals, high net worth individuals, institutional retirement plans, trusts, estates, charitable organizations, corporations, and other business entities. Wealth Management Services Schwartz & Co. provides ongoing advisory services to wealth management clients. Services may be provided on a discretionary or non-discretionary basis. Individualized client services are determined during initial conversations and updated over the course of the relationship as needed or requested by the Client. Schwartz & Co. works closely with each Client in an effort to determine the client’s needs, goals, objectives, time horizons, risk tolerance and any other relevant information. This information is used in developing an effective investment strategy suitable for Client. Prior to engaging Schwartz & Co. to provide advisory services, each Client is required to enter into a written agreement with the Adviser that defines the terms, conditions, scope of services, discretionary/non-discretionary authority, advisory fees, and other important disclosures. Clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. Based upon information provided by the client, and with the client’s input, we provide the following services:
• Investment Objectives – Adviser will assist the Client in determining investment goals and objectives along with the broad strategy or strategies to be employed.
• Asset Allocation – Adviser will develop a strategic asset allocation that is targeted to meet the investment objectives, time horizon, financial situation, and tolerance for risk for each Client. Adviser will provide ongoing monitoring of asset allocation to assess appropriateness of current holding mix.
• Portfolio Construction – Adviser will develop a portfolio of investments for the Client that is intended to meet the stated goals and objectives of the Client. Based on the Client’s situation and needs, Adviser may also provide initial or ongoing financial planning services to assist Client in meeting financial goals. Financial planning may address specific client needs such as retirement planning, tax planning, charitable planning, succession planning, risk management, education funding, major purchases, business planning and estate planning. These services are individually negotiated with the Client and confirmed in the agreement. Adviser will monitor Client’s account on an ongoing basis and conduct periodic portfolio reviews with Client. Adviser will attempt to meet with Client at least annually to discuss Client’s investment needs, goals and objectives. Adviser will also review Client’s account performance and the continued suitability of investments. Clients must notify Schwartz & Co. promptly of any material change in financial circumstances or investment objectives which might affect the manner in which accounts should be invested. Certain types of investments involve additional degrees of risk and will only be recommended when consistent with the client's stated investment objectives, risk tolerance, and liquidity needs. ADV Part 2A Firm Brochure 4 March 15, 2024 Institutional Investment Advisory Services Schwartz & Co. provides ongoing advisory services to foundations and endowments. Our investment approach is designed to meet the client’s legal responsibilities and fiduciary standards of care. An initial data gathering process is completed in an effort to determine the client’s needs, goals, objectives, time horizons, risk tolerance and any other relevant information. Based upon information provided by the client, and with the client’s input, we will provide one or more of the following services:
• assist in the preparation of an investment policy statement
• portfolio design
• investment selection and performance
• fiduciary compliance With the Client’s approval, the recommended investment policy statement will be implemented and monitored in an effort to help achieve the client’s investment objectives and goals. The services to be offered will be determined by the client and will be specifically outlined in the advisory agreement. Retirement Plan Advisory and Consulting Services Schwartz & Co. provides ongoing advisory and consulting services to retirement plans pursuant to The Employee Retirement Income Security Act of 1974 (“ERISA”). Services include both fiduciary and non-fiduciary services to the Plan Sponsor and the participants of the Plan. Services may be provided on a non-discretionary basis (ERISA 3(21) Fiduciary) or on a discretionary basis (ERISA 3(38) Fiduciary). Advisory services are negotiated based on the needs of the Plan and are included in the terms of the advisory agreement. Schwartz & Co.’s retirement plan services may include, but are not limited to, the following services: a. Fiduciary Advisory Services When providing advisory services to retirement plans covered under ERISA, we acknowledge our status as a fiduciary under Section 3(21) and we will act solely in the interests of plan participants and beneficiaries with the degree of diligence, care, and skill that a prudent person rendering similar services would exercise under similar circumstances. Schwartz & Co. provides the following fiduciary advisory services:
• Investment Policy Statement. Adviser will assist in the preparation or review of an investment policy statement (“IPS”) for the Plan based upon consultation with Client.
• Investment Recommendations. Adviser will recommend, for consideration and selection by Client, specific investments to be held by the Plan or, in the case of a participant-directed defined contribution plan, to be made available as investment options under the Plan. Adviser may also recommend investment replacements if an existing investment is determined to no longer be a suitable option.
• Investment Monitoring. Adviser will perform ongoing monitoring of investment options in relation to the criteria provided by the Client.

• Performance Reporting. Adviser will prepare periodic reports reviewing the performance of all Plan Investment options, as well as comparing the performance thereof to benchmarks with Client. The information used to generate the reports will be derived from information such as statement provided by Client, investment providers and/or third parties.
• Investment Education. Adviser will provide education for plan sponsor and plan participants regarding asset classes and types of investments available to the plan.
• Participant Education. Adviser will provide participant education services tailored to the specific needs of the organization. Adviser will assist plan participants in the enrollment process and answer questions during group meetings and one-on-one consultations.
• Discretionary Advisory Services (ERISA 3(38) Fiduciary) ADV Part 2A Firm Brochure 5 March 15, 2024 b. Non-Fiduciary Consulting Services In addition to the above described fiduciary services, Schwartz & Co. offers the following non-fiduciary services solely in a capacity that is not considered a fiduciary under ERISA or any other applicable law. Retirement plan clients may select one or more of the following services:
• Benchmarking. Adviser will benchmark investment performance of plan assets vs. similar investment alternatives.
• Plan Due Diligence. Adviser will assist plan sponsor in evaluating plan service providers and third-party administrators, including reviewing fees and plan expenses. We may also consult with the plan sponsor in the areas of plan design, administration, and provider due diligence, request for proposals, fee negotiations, enrollment packages, and fiduciary responsibilities. The services to be offered will be determined by the client and will be specifically outlined in the advisory agreement. Financial Planning & Consulting Services Schwartz & Co. provides a variety of financial planning and consulting services to clients on a one time or ongoing basis. Financial planning services will typically involve preparing a financial plan or providing a general financial consultation based upon an analysis of the client’s current financial situation, goals, and objectives. Depending on the client needs, planning or consulting services may include: identification of financial problems, cash flow and budget analysis, tax planning, social security planning, risk exposure review, education funding, retirement planning, charitable planning, special needs planning, business management, buy-out negotiations, review of client’s benefits package, and life insurance and disability insurance planning. These services may also include other areas that are specific to the client. Schwartz & Co. reserves the right to decline to provide advice about issues and topics outside its area of expertise. At Client's request, we may provide recommendations to Client as to other sources of professional advice to address such matters. All services to be provided will be clearly defined in the Financial Planning or Consulting Agreement. Financial plans provided to clients usually include general recommendations for a course of action to be taken by the client. Financial planning recommendations can pose a conflict between the interests of the Adviser and the interests of the Client. Clients are not obligated to implement any recommendations made by the Adviser. Retirement Accounts – Fiduciary Acknowledgement When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. Regarding any potential for conflicts of interest, we operate under a special rule that requires us to act in your best interest and not put our interests ahead of yours. Under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest. Specific Types of Investments Schwartz & Co. generally provides investment advice on the following types of investments: equity securities, corporate debt securities, municipal securities, United States government securities, exchange traded funds (ETFs), certificates of deposits, interests in real estate partnerships and investment company securities such as ADV Part 2A Firm Brochure 6 March 15, 2024 mutual fund shares, variable annuities, and variable life insurance. We have access to a full array of investment vehicles and our investment recommendations are not limited to any specific product or service. Tailored Advisory Services & Restrictions Advisory services are tailored to the individual needs of the client. Client goals and objectives are clarified in meetings and via correspondence and are used to determine the course of action for each individual client. The goals and objectives for each client are documented in client files, either in hard copy or in electronic files. Clients may impose restrictions on investing in certain securities or types of securities. This must be done in writing and signed by the client and the investment adviser representative working with the client. Each client is advised that it remains his/her responsibility to promptly notify Schwartz & Co. when there is any change in his/her financial situation and/or financial objectives for the purpose of reviewing, evaluating, or revising previous recommendations and/or services. Wrap Fee Programs Schwartz & Co. does not participate in any wrap fee programs. Assets Under Management As of December 31, 2023, Schwartz & Co. had $7,740,631,447 in assets under management, of which $162,953,748 was managed on a discretionary basis and $7,577,677,699 was managed on a non-discretionary basis. Schwartz & Co. is the Adviser to a pooled investment fund under the name Stag Group, LLC. The amount of assets under management for the pooled investment fund is $541,491, which is included in the discretionary total above.