Signal Securities, Inc. (Signal) was established as a Broker‐Dealer in 1984 and purchased by current majority owner and Chairman Jerry Singleton in 1987. In 2001, the Signal Securities, Inc. Advisory Program was created to provide fee‐based asset management and financial planning for our clients. Headquartered in downtown Fort Worth, Signal remains active as both a broker‐dealer1 and investment advisor registered2 with the Securities and Exchange Commission. As of December 31, 2022, Signal managed $469,071,686 client assets on a non‐discretionary basis and $41,753,988 client assets on a discretionary basis. Signal’s Advisory Program adheres to the philosophy of managing risk thru diversification. As part of our implementation and review process, we collect and analyze data concerning a Client’s financial situation and assist the Client in the formulation and development of short and/or long‐ term individualized goals and objectives. Upon analysis, we structure an investment plan seeking to minimize the Client’s risk for a given level of expected return. In making our recommendations, we consider a Client’s individual needs by evaluating their stated investment objectives, risk tolerance, investment philosophy, and financial goals. Signal will work in partnership with the Client in selecting a suitable investment objective and strategy to be followed. Signal Securities Inc. offers different programs and allocations with differing risk levels and return prospects for Clients to choose from. Listed below are Signal’s current investment advisory models: Asset Allocation Model Under the Asset Allocation Model, the firm uses a consultative, non‐discretionary advisor approach. Using the firm’s Client Information Worksheet and Investment Policy Statement, Signal’s investment advisory representative (IAR) gathers information about the client’s goals and investment risk tolerance. Based on the information gathered from the questionnaire, the IAR will recommend one of Signal’s five model portfolios. These portfolios include Conservative Income, 1 Signal Securities, Inc. is a Member of the Financial Industry Regulatory Authority (FINRA) and Securities Investors Protection Corporation (SIPC) 2 Signal Securities, Inc. is a registered investment adviser. Registration of an Investment Adviser does not imply any level of skill or training. Income, Conservative Growth, Growth, and Aggressive Growth. The fixed income portion of the portfolio will be allocated by maturity length and tax status. Signal defines these maturity terms as money market, short term, intermediate term, and long term. The IAR will recommend that this fixed income portion be invested in taxable or non‐taxable funds based on the client’s tax situation. The equity portion will be allocated by asset class and management style. Signal defines the asset classes as small‐cap, mid‐cap, large‐cap and international. The management styles considered are growth and value. Signal has prescreened a list of no‐load or load waived funds for each section of a recommended portfolio. The IAR will analyze the client’s objectives and risk tolerance when recommending one or more of the approved funds for each part of the allocation. The proposed allocation will seek to balance the client’s long‐term investment objectives with his or her means and risk tolerances as part of a long‐term investment strategy. Upon review of the allocation, the client is given the right to impose reasonable restrictions on the management of their account. Upon acceptance of the recommended portfolio, the client will sign the Signal Securities, Inc. Investment Advisory Agreement. The minimum household aggregate account size for Signal’s Asset Allocation Models is $25,000. Private Client Asset Management Model Under the Private Client Asset Management Model, the firm uses a consultative, non‐discretionary advisor approach. Using the firm’s Client Information Worksheet the IAR gathers information about the client’s goals and investment risk tolerance. Based on the information gathered from the questionnaire, the IAR will recommend a mix of investments that seek to balance the client’s objectives with his or her means and risk tolerances as part of a long‐term investment strategy. These recommendations may include, but are not limited to, assets such as individual stocks and bonds, open‐end mutual funds, closed‐end mutual funds, partnerships, annuities, unit investment trusts, money market instruments, and certificates of deposit. Signal and the IAR will affect only transactions where client consent has been

given. The minimum account size is $100,000. Separately Managed Accounts (SMA) Signal Securities, Inc. participates in the Charles Schwab managed account program. Signal offers separately managed accounts from the Managed Account Select (Select) and Managed Account Access (Access) programs. These Schwab programs allow access to independent money management firms offered by the Schwab Advisor Services division of Charles Schwab & Co. Inc. Our firm performs management searches of various investment managers. Based on the client's individual circumstances and we determine which selected manager's portfolio management style is appropriate for that client. Factors considered in making this determination include account size, risk tolerance, the objectives of each client and the investment philosophy of the selected manager. Clients should refer to the manager's Firm Brochure or other disclosure document for a full description of the services offered. Signal will furnish a copy of the disclosure brochures for each manager selected. Signal will recommend one or more managers who will manage the client's account on a discretionary basis. On an ongoing basis, we monitor the performance of the manager(s). Discretionary Asset Allocation Model Portfolio Program Under the Discretionary Asset Allocation Model Program, the firm uses a discretionary trading approach. This means Signal will place trades without contacting you before each trade. Using the firm’s Client Information Worksheet and Investment Policy Statement, Signal’s investment advisory representative (IAR) gathers information about the client’s goals and investment risk tolerance. Based on the information gathered from the questionnaire, the IAR will recommend one of Signal’s four discretionary model portfolios. These portfolios include Income, Conservative Growth, Growth, and Aggressive Growth. The Income model is recommended for clients seeking current income from taxable fixed income interest and equity dividends. The income model does contain a stock allocation to help ensure the portfolio can keep pace with inflation. The growth models focus on total return. Signal’s growth models contain significant stock exposure and are designed for long term investors. The growth models have progressively more equity exposure along the continuum from Conservative Growth to Growth to Aggressive Growth. Investments selected for portfolio inclusion will be invested in diversified portfolio using investment vehicles such as ETF’s and Mutual Funds. The portfolio models each have a target equity range varied at Signal’s discretion. Signal considers technical, fundamental, and economic factors when varying the portfolio models. The model portfolio target allocations are as follows: Income Model – 20% to 35% equities. Conservative Growth – 50% to 70% equities Growth – 60% to 80% equities Aggressive Growth – 80% to 100% equities The client is given the right to impose reasonable restrictions on the management of their account. Upon acceptance of the recommended portfolio, the client will sign the Signal Securities, Inc. Investment Advisory Agreement. There is no minimum account size for Signal’s Discretionary Asset Allocation program. If clients choose to invest an amount that is too small to implement a portfolio model those funds will be invested as follows: Income Model clients will be placed into a single fixed income investment. Any Growth model client will be placed into a single large cap growth investment. Clients in this program that deposit an amount small too small to fully implement are expected to systematically invest funds so that full investment implementation can proceed. By not imposing a minimum account size Signal is providing smaller deposit customers access to an investment advisor representative. 401k Optimizer Signal Securities 401k Optimizer plans are established for clients seeking professional management of individual accounts held inside company‐sponsored 401k plans. The goal of our service is to maximize returns utilizing existing investments specific to each plan, while protecting invested assets from undue risk. Each account managed by Signal is discretionary in nature. Assets are selected and allocated according to information obtained from the client Investment Profile Questionnaire. Flat Fee Planning Signal Securities, Inc. or one of its Investment Adviser Representatives may charge a flat fee for the creation of a financial plan or asset review. This may be performed after receiving the written permission of Signal Securities management.