ACM is a fee-only investment adviser registered with the Securities and Exchange Commission (“SEC”). Our principal place of business is located in Ithaca, New York. Our firm has been in business since 1983 (operating as Anne C. Chernish, CFP sole proprietorship until 2007). Anne Christine Chernish, Managing Member and President, is the firm’s principal owner. Discretionary assets under our firm’s management were $37,502,581 as of December 31, 2022. Portfolio Management Services Our firm is in the business of managing individually tailored investment portfolios. We provide continuous advice to a client regarding the investment of client funds based on the individual needs of the client. Through personal discussions in which goals and objectives based on a client's particular circumstances are established, we develop a client's personal investment policy or individual investment plan and create and manage a portfolio based on that policy or plan. During our data- gathering process, we determine the client’s individual objectives, time horizons, risk tolerance, and liquidity needs. We may also review and discuss a client’s prior investment history, as well as family composition and background. We will manage advisory accounts on a discretionary or non-discretionary basis. For discretionary accounts, we will implement transactions without seeking prior client consent. Account supervision is guided by the stated objectives of the client (i.e., maximum capital appreciation, growth, income, or growth and income), as well as tax considerations. Clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. Financial Planning/Consulting Services Financial planning is a comprehensive evaluation of a client’s current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans. The key defining aspect of financial planning is that through the financial planning process, all questions, information and analysis will be considered as they impact and are impacted by the entire financial and life situation of the client. Clients purchasing this service will receive a written or an electronic report, providing the client with a detailed financial plan designed to achieve his or her stated financial goals and objectives. In general, the financial plan will address any or all of the following areas of concern: Personal: Family records, budgeting, personal liability, estate information and financial goals; Tax & Cash Flow: Income tax and spending analysis and planning for past, current and future years. We will illustrate the impact of various investments on a client's current income tax and future tax liability; Death & Disability: Cash needs at death, income needs of surviving dependents, estate planning and disability income analysis; Retirement: Analysis of current strategies and investment plans to help the client achieve his or her retirement goals;
• Investments: Analysis of investment alternatives and their effect on a client's portfolio;
• Estate: Analysis of financial issues with respect to living trusts, wills, estate tax, powers

of attorney, asset protection plans, nursing homes, Medicaid and elder law; and We gather required information through in-depth personal interviews. Information gathered includes a client's current financial status, tax status, future goals, returns objectives and attitudes towards risk. We carefully review documents supplied by the client, including a questionnaire completed by the client, and prepare a written report. Should a client choose to implement the recommendations contained in the plan, we suggest the client work closely with his/her investment adviser, attorney, accountant, insurance agent, and/or stockbroker. A client may retain the services of our firm to manage assets and implement his/her financial plan recommendations. However, implementation of financial plan recommendations is entirely at the client's discretion. Typically the financial plan will be presented to the client within 90 days of the contract date, provided that all information needed to prepare the financial plan has been promptly provided by the client. Clients can also receive investment advice on a more limited basis. This may include advice on asset allocation to participants in self-directed retirement plans or an isolated area(s) of concern such as investment strategy consultations, estate planning, retirement planning, or any other specific topic. We also offer advice on non-securities matters such as estate planning, Services in General Our investment, financial planning and consulting recommendations are not limited to any specific product or service offered by a broker dealer and will primarily include advice regarding the following instruments:
• Exchange-listed securities
• Exchange traded funds (ETFs)
• Mutual funds
• Corporate debt securities Interests in pooled investment vehicles Securities of foreign issuers Occasionally, we may address investments in the following instruments:
• Warrants Commercial paper Certificates of deposit Municipal securities United States government securities We tailor all of our portfolio management, financial planning and consulting recommendations to the individual needs of each client. All such recommendations are tailored based on information gathered through client questionnaires, electronic communications, telephone and in-person discussions. As part of the succession planning Anchor recommends that clients sign a Limited Power Of Attorney naming GoalVest Advisory, LLC (“GoalVest’) as a subadvisor. In the event that Anchors’ Managing Member becomes unavailable temporarily or for a longer term, GoalVest will manage Anchors’ clients accounts in accordance with the information provided to Anchor by its clients and according to the clients’ individual needs and goals. GoalVest will receive a portion of the fees charged by Anchor as compensation for this service. Anchor will pay GoalVest an ongoing fee equal to 0.10% of the managed assets of clients who sign the GoalVest Limited Power Of Attorney. The fee you paid to GoalVest will not be increased to pay for GoalVest’s services. In the event that Anchor or its Managing Member become permanently unavailable Anchor recommends that clients assign their advisory agreement to GoalVest. GoalVest and Anchor are unaffiliated entities.