A. The Firm and its Owners. BCS Private Wealth Management (the “Company” or the “Firm”) is the primary business name of Bernard Caroli Wealth Management, Inc., a New Jersey corporation that was formed in June 2009. The Company submitted its application for investment adviser registration with the United States Securities and Exchange Commission in April 2015. The Company also utilizes a marketing name of Locust Point Advisors. The issued and outstanding shares of the Company’s common stock are owned by John Arthur Caroli, Christopher Paul Bernard, David Baker “Scott” Schiff, and Craig David Cummings. The Company’s President is John Arthur Caroli, Vice President and Chief Compliance Officer is Christopher Paul Bernard, and Secretary is Scott Schiff. All owners are also members of the Company’s Board of Directors. B. The Firm’s Services. As discussed below in this Disclosure Brochure, the Company offers discretionary investment management services, financial planning services, and divorce mediation services. 1. Investment Management Services. The Company’s investment management services are defined as giving ongoing and continuous investment advice to a client based on the client’s investment objectives and financial situation. Through personal discussion in which goals and objectives based on a client’s particular circumstances are established, the Company, in conjunction with the client, will ascertain the client’s financial situation, risk tolerance, and investment objectives. We then use various fixed income and equity vehicles in managing client assets. The Company’s investment management services offering also includes financial planning services, the details of which are set forth in Section 4.B.2 below, provided, however, that in the event that the client does not take advantage of all elements of the Company’s investment management services offering, the Company shall not offer any discount of its fees to account for the Client not taking full advantage of all such elements. The Company provides investment advice primarily with respect to various equity securities (such as exchange-listed, securities traded over the counter, and foreign issuers), exchange traded funds, warrants, corporate debt securities, certificates of deposit, options, mutual fund shares, and other securities. Although the Company’s investment advice is typically limited to those investment categories, the Company may provide advice with respect to other investment opportunities in response to a client request or where the Company determines that it would be in the interests of the client to pursue those other investment opportunities. 2. Financial Planning Services. The Company’s financial planning services are comprised of ongoing financial counseling services for client accounts which can include estate planning, investment planning, cash flow planning, income tax planning, retirement planning, and risk management,

including property and casualty, and life insurance. The Company will gather relevant information about its financial planning client through interviews with the client and a review of various documents that the client will produce. The Company will typically either develop a financial plan for a client or a multi-item financial checklist that presents conclusions and recommendations. If requested by the client, The Company will assist the client with the implementation of the financial plan while working with the client’s attorney, accountant, tax advisor, and/or insurance agent, and the Company may also recommend the services of other professionals if asked by the client. The client is under no obligation to engage the services of any such recommended professional and retains absolute discretion over all such implementation decisions and is free to accept or reject any recommendation from the Company. These financial planning services may be provided by the Company as part of its investment management services, or on a stand-alone basis for clients who do not wish to engage the Company for investment management services. 3. Divorce Mediation Services. The Company, through John Caroli, may be hired to provide divorce mediation services of a financial planning nature. 4. To the extent that a client wishes for the Company to provide any services or assistance that is outside the scope of the specific services mentioned herein, and to the extent that the Company agrees to provide such services, the Company and the client shall collectively determine the scope of, and the compensation payable to the Company for, such services. C. Miscellaneous Information About the Firm’s Services. In connection with the provision of the Company’s services, (1) the Company tailors its advisory services to the client’s individual needs, (2) clients may impose reasonable restrictions on the Company’s services, which may include restrictions on investing in certain securities or types of securities, (3) the client retains absolute discretion over all implementation decisions and is free to accept or reject any recommendation from the Company, (4) the Company is authorized to rely on any and all information that is provided to the Company by the client or any of the client’s other professionals (such as the client’s attorney or accountant), and shall not be required to independently verify any such information, and (5) each client is responsible to promptly notify the Company if there is ever any change in their financial situation or investment objectives so that the Company is positioned to review, evaluate and possibly revise its previous recommendations and/or services. D. The Firm’s Assets Under Management. As of December 31, 2022, the amount of the firm’s discretionary assets under management is $245,698,061 in 435 accounts and the amount of the firm’s non-discretionary assets under management is $79,206 in 1 account.