ANTONELLI FINANCIAL ADVISORS, LLC

Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Antonelli Financial Advisors, LLC 16824 Kercheval Place Suite 202 Grosse Pointe, Michigan 48230 313-290-2602 antonelliadvisors.com March 25, 2025 FORM ADV PART 2A BROCHURE This brochure provides information about the qualifications and business practices of Antonelli Financial Advisors, LLC (“AFA”). If you have any questions about the contents of this brochure, please contact Suzanne Antonelli at 313-290-2602 or via email at santonelli@antonelliadvisors.com. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. AFA is a limited liability corporation registered as an investment adviser in the State of Michigan. Antonelli Financial Advisors, LLC is a registered investment adviser. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training. Additional information about Antonelli Financial Advisors, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. 1  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Item 2 Material Changes Form ADV Part 2 requires registered investment advisers to amend their brochure when information becomes materially inaccurate. If there are any material changes to an adviser’s disclosure brochure since the last annual update, the adviser is required to notify you and provide you with a description of the material changes. 2  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Item 3 – Table of Contents Item 1 Cover Page ................................................................................................................................... 1 Item 2 Material Changes ......................................................................................................................... 2 Item 3 Table of Contents ......................................................................................................................... 3 Item 4 Advisory Business ........................................................................................................................ 4 Item 5 Fees and Compensation ............................................................................................................... 6 Item 6 Performance-Based Fees and Side-By-Side Management ........................................................... 7 Item 7 Types of Clients ............................................................................................................................ 8 Item 8 Methods of Analysis, Investment Strategies and Risk of Loss ...................................................... 8 Item 9 Disciplinary Information ............................................................................................................. 10 Item 10 Other Financial Industry Activities and Affiliations ................................................................... 10 Item 11 Code of Ethics, Participation or Interest in Client Transactions and Personal Trading ................ 11 Item 12 Brokerage Practices .................................................................................................................. 11 Item 13 Review of Accounts ................................................................................................................... 13 Item 14 Client Referrals and Other Compensation ................................................................................. 13 Item 15 Custody .................................................................................................................................... 14 Item 16 Investment Discretion .............................................................................................................. 14 Item 17 Voting Client Securities ............................................................................................................ 14 Item 18 Financial Information ............................................................................................................... 15 Form ADV Part 2B – Brochure Supplement-Suzanne M. Antonelli ........................................................ 16 Form ADV Part 2B – Brochure Supplement-Chelsei J Latsch ................................................................. 19 Form ADV Part 2B – Brochure Supplement-Melissa A Fradenburg ....................................................... 22 3  Antonelli Financial Advisors, LLC ADV Part 2 A/B February 26, 2024 Item 4- Advisory Business Description of Services and Fees Antonelli Financial Advisors, LLC is a full-service registered investment advisor based in Grosse Pointe, MI. We are organized as a limited liability company under the laws of the State of Michigan and were founded in December 2016; Suzanne M. Antonelli is the principal owner. The following paragraphs describe our services and fees. The firm offers professional fee-based Investment Management Services and Financial Planning Services customized to the unique needs of each client. Services are offered to individuals, pension and profit sharing plans, trusts, estates, charitable organizations, corporations, and business entities. Antonelli Financial Advisors offers a complimentary general consultation to discuss services available and to provide a prospective client time to review our services, and to determine the scope of the relationship. The firm is independent and not affiliated with a broker dealer. Neither the firm nor any employees accept commissions for securities recommendations or transactions. Please refer to the description of each advisory service listed below for information on how we tailor our services to your individual needs. As used in this Brochure, the words “AFA”, “we”, “our” and “us” refer to Antonelli Financial Advisors, LLC and the words “you”, “your” and “client” refer to you as either a client or prospective client of our firm. Also, you may see the term “Associated Person” throughout this Brochure. As used in this Brochure, our Associated Persons are our firm’s officers, employees, and all individuals providing investment advice on behalf of our firm. Investment Management and Advisory Services We offer discretionary investment management and advisory services tailored to meet our clients’ financial needs and investment objectives. When you retain Antonelli Financial Advisors, LLC for services, we will meet with you to determine your investment needs, objectives, and tolerance for risk. We will gather information to develop a comprehensive Financial Plan and an investment strategy that allows us to provide continuous and focused investment management of your assets to meet your goals. Once we construct a portfolio and Financial Plan for you, we will monitor and adjust your portfolio and financial plan as market conditions or your financial situation changes. Our customized approach to investment management requires that every client have an Investment Policy Statement (“IPS”) that lays the groundwork of the investment strategy of your portfolio(s), financial plan, and ongoing management of your investments. You may restrict the purchase or sale of a security or types of securities, you may request a specific investment strategy (i.e. Socially Responsible Investing (“SRI”), or other investment guidelines that will be specifically addressed in your IPS). We require that clients grant our firm discretionary authority to manage your account(s). Discretionary authorization will allow us to determine the specific securities, and the value of securities to be purchased or sold without your approval for every transaction. Discretionary authority is granted by the investment management agreement you sign at the start of our relationship, and a limited power of attorney/trading authorization forms you sign with the custodian of your assets. 4  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 For those clients who do not meet our minimum account requirements, a Retainer Agreement is executed in lieu of an Investment Management and Advisory Service Agreement when the work required is more appropriate on a fixed-fee basis, particularly when asset management is not the focus of the relationship. AFA offers ongoing Financial Planning Services centered on the needs of the client. The annual minimum fee is $1,500 and is negotiated based on the scope of the work required. Financial Planning Services When providing Financial Planning Services, which are included in our Advisory Services, the firm coordinates as necessary with the client’s attorney, accountant, insurance agent, custodian, etc. Clients are encouraged to consult their personal tax advisor, legal counsel, or other professionals for expert opinions in noninvestment matters. The process is very collaborative and considers retirement projections, risk assessment, charitable giving, estate planning, tax planning, college funding, and any other financial concerns a client may need considered. We assist our clients with implementing our plan recommendations and monitor the plan. For those clients who are strictly interested in financial planning we will develop a comprehensive Financial Plan; however, it is the client’s responsibility to implement the plan. Implementation of any advice or recommendations pertaining to securities and/or non-securities matters (such as insurance), in whole or in part, is entirely at the client’s discretion through the service provider(s) of the client’s choice. Advice provided by AFA may include recommendations for updates and reviews, and these services can be obtained under a new or amended agreement at the client’s discretion. The fee for a comprehensive Financial Plan is $2,500 and is negotiated based on the scope of the work required. Hourly Planning Services Antonelli Financial Advisors provides project-based advisory services. Hourly Financial Planning Services focus on specific planning needs, such as business planning, college funding, retirement planning, charitable giving, tax strategies, etc. The hourly rate for limited scope planning services is $200 to $400 based on the complexity of the planning service. Selection of Other Advisers – Specialized Accounts On a case-by-case basis, Antonelli Financial Advisors advises clients to engage Nuveen Asset Management (“NAM”) to provide laddered bond investment management services for a portion of the fixed income strategy of their investment portfolios. Antonelli Financial Advisors believes that for these clients, NAM provides a comprehensive level of fixed income management services. Clients who choose to engage NAM sign a separate investment advisory agreement with NAM that governs the relationship. Antonelli Financial Advisors and NAM are separate, distinct entities, not related to each other. Antonelli Financial Advisors remains the adviser on the account but NAM is the discretionary manager of the assets. 5  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Assets Under Management As of December 31, 2024, AFA had $ 193,000,052 in assets under management, all managed on a discretionary basis. Item 5- Fees and Compensation Fees for services provided by Antonelli Financial Advisors are based on the type of engagement. Investment Management and Advisory Services Fees for Investment Management Services are agreed upon at the time of engagement and are based on the following fee schedule: 1.0% annually on the first $2,000,000 0.6% annually on the next $3,000,000 0.5% annually on the next $5,000,000 0.2% annually on any amount over $10,000,000 AFA’s fees are based upon a percentage of assets under management and are invoiced quarterly in arrears. Fees may be negotiated (higher or lower), based on unusual circumstances, pre-existing relationships, or complexity of planning. Fees are calculated at the end of each billing period based upon the portfolio’s market value on the last trading day of the quarter. The portfolio’s market value is determined by the client’s selected custodial firm. Fees are due quarterly in arrears and are generally deducted from the managed account(s) with the client’s written authorization, but may be billed to the client upon request. AFA’s quarterly fee is determined by multiplying the portfolio balance on the last trading day of the billing period by ¼ of the annual fee. A pro-rata fee is calculated for partial quarters. Antonelli Financial Advisors, at its sole discretion, may charge a lesser Investment Management and Advisory fee based on a historic relationship between the client and AFA, the type of assets managed, related accounts, and negotiations with clients. AFA reserves the right to modify the fee with 30 days’ prior written notice to clients. Clients are free to terminate services at any time. Financial Planning Services Fees for Financial Planning Services are determined at the time of the engagement and are based on the time and effort required. The standard fee is $2,500 and is negotiable. Fees are agreed upon by both parties prior to the start of the relationship and due at the end of our engagement. 6  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Hourly Planning Services Antonelli Financial Advisors provides project-based advisory services. Hourly Financial Planning Services focus on specific planning needs, such as college funding, retirement planning, charitable giving, tax strategies, etc. The hourly rate for limited scope planning services is $200 to $400 based on the complexity of the planning service. Our fee is due at the end of the engagement. Other Fees Custodians may charge transaction fees on purchases and sales of mutual funds, and commissions on ETFs, stocks, and bonds. These transaction charges are generally small and incidental to the purchase or sale of a security. AFA does not accept any compensation or share in these fees. If it is determined that a client portfolio should contain individual bonds, the client may pay a mark-up, mark-down, or a spread to the broker or dealer on the other side of the transaction that is built into the price of the security. In some cases, a Prime Brokerage agreement is available, where the client pays a flat fee on fixed income transactions and does not participate in the mark-up. AFA does not accept any compensation or share in these fees. Mutual funds generally charge a management fee (expense ratio) for their services as investment managers. There are also fees associated with ETFs, also called an expense ratio. The expense ratios of mutual funds and ETFs are in addition to the fees paid by the client to AFA. Charges, expenses, fees, and commissions are exclusive of and in addition to AFA’s fee. AFA does not accept compensation from any commissions, expenses charged by mutual funds or ETFs, the sale of securities or other investment products, including asset-based sales charges or service fees from the sale of mutual funds. Item 6- Performance-Based Fees and Side- By-Side Management Antonelli Financial Advisors does not charge “performance based” fees (i.e., based upon a share of capital gains or capital appreciation, or performance, for any portion of funds under an investment management and advisory service agreement. Consequently, the firm does not manage performance and non- performance based accounts simultaneously. Item 7- Types of Clients Services are offered to individuals, pension and profit sharing plans, trusts, estates, charitable organizations, corporations, and business entities. The minimum account size is $150,000 but exceptions are made at our discretion. 7  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Item 8- Method of Analysis, Investment Strategies and Risk of Loss Methods of Analysis Antonelli Financial Advisors’ investment strategies are consistent with modern portfolio theory; we reduce risk and volatility by building globally diversified portfolios. AFA primarily uses fundamental security analysis. The primary sources of information include filings with the Securities and Exchange Commission (10- Ks, 10-Qs, etc.), annual and quarterly reports, company press releases, financial press (e.g., Wall Street Journal, Thompson/Reuters, Barron’s, etc.), research materials prepared by others, Morningstar, and research reports provided by the custodians. Investment Strategies Being consistent with modern portfolio theory we implement our investment strategies using a solid core of exchange traded funds (“ETFs”), individual company stocks and bonds, and mutual funds. Portfolios are globally diversified among various asset classes to mitigate the risk associated with individual markets and asset classes. We allocate and rebalance client portfolios strategically based on current market conditions and the client’s goals and risk tolerance; at times limiting, eliminating, or overweighting specific sectors, industries, or geographic locations. AFA’s overall investment strategy focuses on the client’s ability and willingness to tolerate risk. We are not frequent traders, we purchase securities for our client’s portfolios for their long-term potential, but we also have a sell discipline if a security hits our target price or target weight which prompts a review to either reassess our target, trim the security or sell it outright. Socially Responsible Investing (“SRI”) is an investment strategy that can be implemented for a client who specifically requests an investment portfolio that considers environmental, social and corporate governance factors; these portfolios are generally constructed utilizing mutual funds and ETFs. Although we attempt to moderate risk through diversification and target equity and fixed income limits, all investment strategies are subject to various risks or loss as detailed below. Risk All investment programs have certain risks that are borne by the investor. Investing in securities involves risk that you should be prepared to bear. Our investment approach constantly keeps the risk of loss in mind. Investors face the following investment risks: • Interest Rate Risk: Fluctuations in interest rates may cause investment prices to fluctuate. For example, when interest rates rise, yields on existing bonds become less attractive, causing their market value to drop. 8  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 • Market Risk: The price of a security, bond, or mutual fund may drop in reaction to events and conditions. This type of risk is caused by external factors independent of a security’s particular underlying circumstances. For example, political, economic and social conditions may trigger market events. • Inflation Risk: When any type of inflation is present, a dollar today will not buy as much as a dollar next year, because purchasing power is eroding at the rate of inflation. • Currency Risk: Overseas investments are subject to fluctuations in the value of the dollar against the currency of the investment’s originating country. This is also referred to as exchange rate risk. • Reinvestment Risk: This is the risk that future proceeds from investments may have to be reinvested at a potentially lower rate of return (i.e., interest rate). This risk primarily relates to fixed income securities. • Business Risk: These risks are associated with a particular industry or a particular company within an industry. For example, oil drilling companies depend on finding oil and then refining it, a lengthy process, before they can generate a profit. They carry a higher risk of profitability than an electric company, for example, which generates its income from a steady stream of customers who buy electricity regardless of the economic environment. • Liquidity Risk: Liquidity is the ability to readily convert an investment into cash. Generally, assets are more liquid if many traders are interested in a standardized product. For example, Treasury Bills are highly liquid, while real estate properties are not. • Financial Risk: Excessive borrowing to finance a business’ operations increases the risk of profitability, because the company must meet the terms of its obligations in good times and bad. During periods of financial stress, the inability to meet loan obligations may result in bankruptcy and/or a declining market value. • Socially Responsible Investing (“SRI”): SRI funds tend to charge higher fees than traditional ETFs or mutual funds; that and the restriction on investment selection to SRI stocks/mutual funds/ETFs could lead to lower returns for those clients who elect an investment portfolio constructed to meet their socially responsible principles. Item 9- Disciplinary Information Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to the client’s evaluation of their firm or the integrity of their management. In response to a June 2018 routine exam by the State of Michigan, Department of Licensing and Regulatory Affairs, Corporations, Securities and Commercial Licensing Bureau (the “Bureau”), Ms. Antonelli was asked why Antonelli Financial Advisors, LLC, an investment adviser registered with the Bureau, had not registered Suzanne Antonelli as an investment adviser representative of Antonelli Financial Advisors, LLC, at the same time the firm registered, in February 2017, with the Bureau, in 9  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 compliance with the Securities Act in Michigan. Upon becoming aware of this mistake on June 14, 2018, Antonelli Financial Advisors promptly submitted the relevant investment adviser representative registration application materials on behalf of Ms. Antonelli. The Bureau approved Ms. Antonelli’s registration on June 16, 2018. On April 10, 2019, the Bureau issued separate cease and desist orders to Antonelli Financial Advisors, LLC and Ms. Antonelli. The order with respect to Ms. Antonelli was limited to the failure of Antonelli Financial Advisors to register her as an investment adviser representative in the State of Michigan. The order with respect to Antonelli Financial Advisors involved Ms. Antonelli’s lack of registration as an investment adviser representative. As a result of Antonelli Financial Advisors oversight, the Bureau imposed a civil fine of $10,000.00 against Ms. Antonelli as an individual and $10,000.00 against Antonelli Financial Advisors as a firm. Antonelli Financial Advisors paid both of these fines on May 29, 2019. Antonelli Financial Advisors has always prided itself on acting with integrity, honesty and in clients’ best interests. Clearly, we made a mistake in not registering Ms. Antonelli at the time the firm registered with the Bureau however, we committed to quickly addressing and correcting this deficiency. Item 10- Other Financial Industry Activities and Affiliations Antonelli Financial Advisors has no other financial industry affiliations or other activities. Item 11- Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Code of Ethics Antonelli Financial Advisors has adopted a Code of Ethics expressing the firm’s commitment to ethical conduct. We accept and embrace a fiduciary responsibility with all our clients and are legally required to act in the best interest of our clients at all times. Our Code of Ethics describes the firm’s fiduciary duties and responsibilities to clients, details practices for reviewing the personal securities transactions and timing of those transactions of Associated Persons with access to client information. The Code requires compliance with applicable securities laws, address insider trading, and details disciplinary measures for violations for the company’s Code of Ethics. A copy of the firm’s Code of Ethics is available to any client upon request. 10  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Trading Conflicts of Interest Our Associated Persons are permitted to buy or sell securities for their personal accounts that are the same securities that are bought and sold for clients of the firm or are different from those recommended for clients. However, under no circumstance is a person employed by the firm allowed to favor his or her own interest over that of a client. Therefore, our Associated Persons will complete their transactions after all client transactions have been made. Alternatively, orders for clients and orders for our Associated Persons’ accounts may sometimes be aggregated or “batched” into one large order in accordance with our trade aggregation and allocation policy (described in connection with our brokerage practices below). All our Associated Persons are required to provide quarterly transaction reports to the firm’s Chief Compliance Officer. Item 12- Brokerage Practices We make specific recommendations to Investment Management and Advisory clients to open and maintain an account at a broker-dealer based on their preference for services, (a “qualified custodian”). When AFA recommends a qualified custodian to clients we consider the following factors: quality of service, services offered, how long they have been in business, capital structure, financial resources, stability, reputation in the industry, the size and efficiency of their trading team, their ability to provide technology and business support, rating in the institutional marketplace, peer reviews, transaction costs, and other factors. Your Brokerage and Custody Costs Our clients enjoy various services provided by the qualified custodians we recommend, including check writing, electronic money movement, competitive trade commissions, etc. For Investment Management and Advisory Services’ clients we require clients maintain custody of their assets to effect trades for their accounts with one of two registered broker-dealers: Charles Schwab & Co., Inc. (“Schwab”) or Fidelity Brokerage Services LLC (“Fidelity”). We are independently owned and operated and are not affiliated with either Schwab or Fidelity and we do not receive remuneration from any broker including Schwab or Fidelity. The qualified custodians we recommend do not charge separately for custody services but are compensated by charging commissions or other fees on trades that it executes or trades that are executed by other brokers to and from the custodial accounts. AFA’s recommendation of a qualified custodian is entirely independent of trade commissions assessed by the qualified custodian in the client accounts. Because our recommended qualified custodians charge you a fee for each trade we execute at a different broker-dealer (a “trade-away fee”), we generally execute trades at the custodian who holds your account to minimize trading costs. We have determined that having the custodian execute most trades is consistent with our duty to seek “best execution” of client trades. Best execution means seeking the most favorable terms for a transaction based on all relevant factors. 11  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Products and Services Available to Us from Brokers/Custodians Schwab and Fidelity make available to Antonelli Financial Advisors products and services that benefit AFA, but may not directly benefit client accounts. Some of these products and services assist AFA with managing and administering client accounts including pricing of securities in client portfolios, providing downloads of client transactions and portfolio holdings, security data and company reports, research, market data, etc. Antonelli Financial Advisors believes that these custodians provide a quality level of services and value including competitive brokerage fees, systematic order execution, accurate pricing services, client reporting, and interest service platforms for client account access. Our recommended custodians also offer other services to help us manage our business. These services include educational conferences, events, consulting on technology and compliance, business needs, publications and conferences on practice management. The availability of these services from the custodians we recommend benefit AFA and this may give us an incentive to recommend that you maintain your account with these custodians based on our interests rather than yours, which is a potential conflict of interest. We believe, however, that our selection of custodians is in the best interest of our clients, and our recommendation is driven primarily by the quality and price of the custodians’ services to the client and not those services that benefit AFA. Antonelli Financial Advisors does not receive any fees or commissions from any custodian, nor do we participate in any soft dollar arrangements. Soft dollar arrangements are benefits provided to an investment advisor by a broker-dealer as a result of commissions generated from financial transactions executed by the broker-dealer for client accounts or funds managed by the investment advisor. AFA does not and will not participate in soft dollar arrangements. Block Trading Transactions for clients may be executed independently or bundled as block trades (“aggregate”) for trading efficiency. We have adopted a trade allocation policy to govern how we handle the aggregation of orders for more than one client’s account. In doing so, we strive to treat each client fairly and will not favor one client or an Associated Person account over another client. When executed, we will allocate the block trade order in accordance with policies and procedures intended to achieve fair treatment. The purpose of utilizing block orders is for our administrative convenience and, in some transactions, to obtain better execution for the aggregated order than might be achieved by processing each of the transactions separately. Each account that participates in an aggregated order will participate at the average share price for all transactions ordered by AFA in that security on a given business day. 12  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Item 13- Review of Accounts Periodic Reviews Client investment accounts are reviewed on a frequent and ongoing basis by Suzanne M. Antonelli, Chelsei J. Latsch, and Melissa Fradenburg. The frequency of and review process are dependent on the portfolio strategy, market conditions, and are at the discretion of the firm. Reviews also occur when any significant deposit or withdrawal occurs, economic or political events, or by market conditions. A review is also triggered if a client’s asset allocation deviates from the acceptable target limits as detailed in the IPS. Because financial markets and client objectives change, it is important for clients to monitor their portfolio and notify Antonelli Financial Advisors when a potential change exists in the client’s financial condition. Reports Clients will receive confirmation of all transactions in their accounts directly from their custodian; in addition, the custodian will provide monthly/quarterly statements. The custodian’s reports detail account value, net change, portfolio holdings, and all account activity. Antonelli Financial Advisors also provides a quarterly report and invoice. The quarterly report will detail account holdings and values, asset allocation summaries, performance, and other data pertinent to your investment account(s). Item 14- Client Referrals and Other Compensation Antonelli Financial Advisors does not pay unaffiliated third parties for client referrals nor does the firm receive compensation or any economic benefit for client referrals. New business brought to us by certain employees may increase an employee’s total compensation. However, we do not employ individuals whose sole compensation is based upon the amount of business brought to us. If one of our employees refers you to us, they will disclose their affiliation with AFA at the time of the referral. Antonelli Financial Advisors may receive economic benefits from our custodians in the form of support products and services that are made available to us. These products and services, how they benefit us, and the related potential conflicts of interest are described in Item 12 above. The custodians making these products and services available to us are not based on our investment advice, such as buying a specific security for our clients. 13  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Item 15- Custody Antonelli Financial Advisors does not custody client funds or securities, but requires they be held by a qualified third party custodian. As described in Item 5 above, you may authorize your custodian to deduct our fees from your managed account(s). If you provide us with this authorization, we are deemed to have constructive custody of your account. We are also deemed to have custody when a client establishes a letter of instruction or other asset transfer authorization arrangement with their qualified custodian, authorizing us to disburse funds to one or more third parties specifically designated by the client. You should carefully review your quarterly custodian statements with the statements you receive from AFA. If you have any questions or believe there are inconsistencies with these statements, please contact us or your custodian. Item 16- Investment Discretion Antonelli Financial Advisors requires discretionary authority for Investment Management and Advisory clients. AFA has the authority to determine the amount, without obtaining client consent, the type and amount of securities to be purchased or sold in a client’s account. The client approves the custodian to be used, AFA does not receive any portion of the transaction fees or commissions paid by the client to the custodian. Discretionary authority is required so that AFA may promptly implement the investment strategies that the client has approved in the IPS. The client may set certain restrictions, limitations and prohibitions against buying or selling specific securities, companies, or industries in writing. Item 17- Voting Client Securities Clients may retain the authority to vote proxies. We vote proxies on various matters related to shares owned by our clients. When the firm retains the responsibility AFA will cast proxy votes in a manner consistent with the best interest of the firm’s clients. AFA’s policy is to vote all proxies from a specific issuer the same way for each client, unless an individual client places a qualifying restriction. All proxies will be voted consistent with guidelines established and described in the firm’s Proxy Voting Policies and Procedures. AFA has a fiduciary duty to clients and will examine each resolution offered and the context in which it applies. AFA will vote proxies after considering the issue and what is in our client’s best financial interest. A copy of AFA’s proxy voting policy is available upon request. Clients may also request complete records of how AFA voted proxies on behalf of their holdings. Please call Suzanne Antonelli at 313-290-2602 or email santonelli@antonelliadvisors.com for a copy of AFA’s Proxy Voting Policies or a record of our proxy votes on your behalf. 14  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Item 18- Financial Information We are obligated to disclose certain financial information or disclosures about our financial condition, if any, that would impact our ability to provide our services to you. We do not have any financial situations that impair our ability to meet contractual and fiduciary commitments to clients. We have never been the subject of a bankruptcy proceeding. 15  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Antonelli Financial Advisors, LLC Suzanne M. Antonelli, CFP ® 16824 Kercheval Place Suite 202 Grosse Pointe, Michigan 48230 313-290-2602 antonelliadvisors.com March 25, 2025 FORM ADV PART 2B INVESTMENT MANAGER DISCLOSURE BROCHURE SUPPLEMENT This brochure supplement provides information about the qualifications of Suzanne M. Antonelli that supplements the Antonelli Financial Advisors brochure. You should have received a copy of that brochure. If you have any questions about the contents of this supplemental brochure, please contact Suzanne Antonelli at 313-290-2602 or via email at santonelli@antonelliadvisors.com. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. AFA is a limited liability corporation registered as an investment adviser in the State of Michigan. Antonelli Financial Advisors, LLC is a registered investment adviser. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training. Additional information about Antonelli Financial Advisors, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. 16  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Item 2- Educational Background and Business Experience SUZANNE M. ANTONELLI, CFP® Year of Birth: 1963 Experience: Antonelli Financial Advisors, LLC President, CEO, and CCO, 01/2017 to present Sigma Investment Counselors, Senior Portfolio Manager and Investment Committee Member 07/2011 to 01/2017 LJPR, LLC Financial Advisor and Principal, 12/2006 to 7/2011 Educational Background: University of Michigan, Dearborn, MI BA-Economics 1986 Professional Designations: CERTIFIED FINANCIAL PLANNER™ Certification 2009 Professional Designation CFP®: CERTIFIED FINANCIAL PLANNER™ certificants must pass the comprehensive CFP® Certification Examination, pass the CFP Board of Fitness Standards, agree to abide by the CFP Board’s Code of Ethics and Professional Responsibility and Rules of Conduct which put clients’ interests first, comply with the Financial Planning Practice Standards which spell out what clients should be able to reasonably expect from the financial planning engagement, and complete 30 hours of continuing education every two years. Item 3- Disciplinary Information Disciplinary History: In June 2018, in response to a routine exam by State of Michigan, Department of Licensing and Regulatory Affairs, Corporations, Securities and Commercial Licensing Bureau (the “Bureau”), Ms. Antonelli was asked why Antonelli Financial Advisors, LLC, an investment adviser registered with the Bureau, had not registered Suzanne Antonelli as an investment adviser representative of Antonelli Financial Advisors, LLC, at the same time the firm registered, in February 2017, with the Bureau, in compliance with the Securities Act in Michigan. Upon becoming aware of this mistake on June 14, 2018, 17  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Antonelli Financial Advisors promptly submitted the relevant investment adviser representative registration application materials on behalf of Ms. Antonelli. The Bureau approved Ms. Antonelli’s registration on June 16, 2018. On April 10, 2019, the Bureau issued a cease and desist order to Ms. Antonelli. The order with respect to Ms. Antonelli was limited to the failure of Antonelli Financial Advisors to register her as an investment adviser representative in the State of Michigan. As a result of Antonelli Financial Advisors oversight, the Bureau imposed a civil fine of $10,000.00 against Ms. Antonelli as an individual. Antonelli Financial Advisors paid the fine on May 29, 2019. Item 4- Other Business Activities Other Business Activities: Nothing to report. Item 5- Additional Compensation Additional Compensation: Nothing to report. Item 6- Supervision Supervision: As CEO, Suzanne does not have direct oversight from any one individual at the firm for her client management responsibilities. Compliance related activities pertaining to Suzanne are monitored by Chelsei Latsch. Chelsei Latsch Contact information: 313-290-2602 cjlatsch@antonelliadvisors.com 18  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Antonelli Financial Advisors, LLC Chelsei J. Latsch, CFP® 16824 Kercheval Place Suite 202 Grosse Pointe, Michigan 48230 313-290-2602 antonelliadvisors.com March 25, 2025 FORM ADV PART 2B INVESTMENT MANAGER DISCLOSURE BROCHURE SUPPLEMENT This brochure supplement provides information about the qualifications of Chelsei J. Latsch that supplements the Antonelli Financial Advisors brochure. You should have received a copy of that brochure. If you have any questions about the contents of this supplemental brochure, please contact Suzanne Antonelli at 313-290-2602 or via email at santonelli@antonelliadvisors.com. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. AFA is a limited liability corporation registered as an investment adviser in the State of Michigan. Antonelli Financial Advisors, LLC is a registered investment adviser. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training. Additional information about Antonelli Financial Advisors, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. 19  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Item 2- Educational Background and Business Experience Chelsei J. Latsch, CFP®, Wealth Advisor Year of Birth: 1992 Experience: Antonelli Financial Advisors, LLC • Wealth Advisor, 12/2024 to present • Associate Wealth Advisor, 08/2019 to 12/2024 • Paraplanner, 03/2019 to 08/2019 • Client Service Specialist 11/2017 to 03/2019 • Comerica Bank, Trust Analyst, 5/2017 to 11/2017 Educational Background: Wayne State University, Detroit, MI BA-Finance 2017 Oakland Community College Associates 2012 Professional Designations: CERTIFIED FINANCIAL PLANNER™ Certification 2024 Professional Designation CFP®: CERTIFIED FINANCIAL PLANNER™ certificants must pass the comprehensive CFP® Certification Examination, pass the CFP Board of Fitness Standards, agree to abide by the CFP Board’s Code of Ethics and Professional Responsibility and Rules of Conduct which put clients’ interests first, comply with the Financial Planning Practice Standards which spell out what clients should be able to reasonably expect from the financial planning engagement, and complete 30 hours of continuing education every two years. Item 3- Disciplinary Information Disciplinary History: Chelsei J. Latsch has no legal or disciplinary events that would be material to your evaluation of her (e.g. criminal or civil action or administrative proceeding before a regulator or self-regulatory organization proceeding). 20  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Item 4- Other Business Activities Other Business Activities: Nothing to report. Item 5- Additional Compensation Additional Compensation: Nothing to report. Item 6- Supervision Supervision: Ms. Latsch serves as an Associate Wealth Advisor and Client Service Specialist at Antonelli Financial Advisors, LLC. She is supervised by Suzanne M. Antonelli, the firm’s CEO and Chief Compliance Officer who may be reached at 313-290-2602. 21  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Melissa A. Fradenburg, CDFA®, AIF® 16824 Kercheval Place Suite 202 Grosse Pointe, Michigan 48230 313-290-2602 antonelliadvisors.com March 25, 2025 FORM ADV PART 2B INVESTMENT MANAGER DISCLOSURE BROCHURE SUPPLEMENT This brochure supplement provides information about the qualifications of Melissa A. Fradenburg that supplements the Antonelli Financial Advisors brochure. You should have received a copy of that brochure. If you have any questions about the contents of this supplemental brochure, please contact Suzanne Antonelli at 313-290-2602 or via email at santonelli@antonelliadvisors.com. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. AFA is a limited liability corporation registered as an investment adviser in the State of Michigan. Antonelli Financial Advisors, LLC is a registered investment adviser. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training. Additional information about Antonelli Financial Advisors, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. 22  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 Item 2- Educational Background and Business Experience Melissa Fradenburg, CDFA®, AIF®, Wealth Advisor Year of Birth: 1979 Experience: Antonelli Financial Advisors, LLC • Wealth Advisor, 02/2024 to present Stephens Consulting, LLC, Financial Advisor 10/2021 to 02/2024 Raymond James Financial Services, Financial Advisor 11/2019 to 10/21 Raymond James Financial Services, Investment Advisor Representative 10/17 to10/21 Lakeshore Financial Planning, Wealth Advisor 11/18 to 11/19 Raymond James Financial Services, Financial Advisor 02/17 to 12/2018 Educational Background: Gettysburg College, Gettysburg, PA BA-Economics 2001 Professional Designations: Certified Divorce Financial Analyst® (“CDFA®”) 2022 Accredited Investment Fiduciary® (“AIF®”) 2022 Professional Designation CDFA® Certified Divorce Financial Analyst® Individuals who hold the CDFA® designation have completed a four-part Educational Curriculum and Certification Exam that tests their understanding and knowledge of the financial aspects of divorce. The candidate must also demonstrate the practical application of this knowledge in the divorce process by completing a comprehensive case study. CDFA® practitioners agree to abide by a strict code of professional conduct known as the Institute for Divorce Financial Analysts (IDFA) Code of Ethics and Professional Responsibility, which sets forth their ethical responsibilities to the public, clients, employers and other professionals. The IDFA may perform a background check during this process and each CDFA® candidate must disclose any investigations or legal proceedings relating to his or her professional or business conduct. CDFA® practitioners are required to maintain technical competence and to fulfill ethical obligations. Every two years, they must 23  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 25, 2025 complete a minimum of thirty (30) hours of continuing education specifically related to the field of divorce. AIF® Accredited Investment Fiduciary® The Accredited Investment Fiduciary® Designation is a professional certification that demonstrates that those responsible for managing or advising an investor’s assets have fundamental understanding of the principles of fiduciary duty, the standards of conduct for acting as a fiduciary and a process for carrying out fiduciary responsibility. Item 3- Disciplinary Information Disciplinary History: Melissa A. Fradenburg has no legal or disciplinary events that would be material to your evaluation of her (e.g., criminal or civil action or administrative proceeding before a regulator or self-regulatory organization proceeding). Item 4- Other Business Activities Other Business Activities: Nothing to report. Item 5- Additional Compensation Additional Compensation: Ms. Fradenburg is eligible to earn additional compensation when referring new clients to us. Item 6- Supervision Supervision: Ms. Fradenburg serves as a Wealth Advisor at Antonelli Financial Advisors, LLC. She is supervised by Suzanne M. Antonelli, the firm’s CEO and Chief Compliance Officer who may be reached at 313-290- 2602. 24 

Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Antonelli Financial Advisors, LLC 16824 Kercheval Place Suite 202 Grosse Pointe, Michigan 48230 313-290-2602 antonelliadvisors.com March 20, 2025 FORM ADV PART 2A BROCHURE This brochure provides information about the qualifications and business practices of Antonelli Financial Advisors, LLC (“AFA”). If you have any questions about the contents of this brochure, please contact Suzanne Antonelli at 313-290-2602 or via email at santonelli@antonelliadvisors.com. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. AFA is a limited liability corporation registered as an investment adviser in the State of Michigan. Antonelli Financial Advisors, LLC is a registered investment adviser. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training. Additional information about Antonelli Financial Advisors, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. 1  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Item 2 Material Changes Form ADV Part 2 requires registered investment advisers to amend their brochure when information becomes materially inaccurate. If there are any material changes to an adviser’s disclosure brochure since the last annual update, the adviser is required to notify you and provide you with a description of the material changes. 2  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Item 3 – Table of Contents Item 1 Cover Page ................................................................................................................................... 1 Item 2 Material Changes ......................................................................................................................... 2 Item 3 Table of Contents ......................................................................................................................... 3 Item 4 Advisory Business ........................................................................................................................ 4 Item 5 Fees and Compensation ............................................................................................................... 6 Item 6 Performance-Based Fees and Side-By-Side Management ........................................................... 7 Item 7 Types of Clients ............................................................................................................................ 8 Item 8 Methods of Analysis, Investment Strategies and Risk of Loss ...................................................... 8 Item 9 Disciplinary Information ............................................................................................................. 10 Item 10 Other Financial Industry Activities and Affiliations ................................................................... 10 Item 11 Code of Ethics, Participation or Interest in Client Transactions and Personal Trading ................ 11 Item 12 Brokerage Practices .................................................................................................................. 11 Item 13 Review of Accounts ................................................................................................................... 13 Item 14 Client Referrals and Other Compensation ................................................................................. 13 Item 15 Custody .................................................................................................................................... 14 Item 16 Investment Discretion .............................................................................................................. 14 Item 17 Voting Client Securities ............................................................................................................ 14 Item 18 Financial Information ............................................................................................................... 15 Item 19 Requirements for State-Registered Advisers ............................................................................ 16 Form ADV Part 2B – Brochure Supplement-Suzanne M. Antonelli ......................................................... 17 Form ADV Part 2B – Brochure Supplement-Chelsei J Latsch ................................................................. 20 Form ADV Part 2B – Brochure Supplement-Melissa A Fradenburg ....................................................... 23 3  Antonelli Financial Advisors, LLC ADV Part 2 A/B February 26, 2024 Item 4- Advisory Business Description of Services and Fees Antonelli Financial Advisors, LLC is a full-service registered investment advisor based in Grosse Pointe, MI. We are organized as a limited liability company under the laws of the State of Michigan and were founded in December 2016; Suzanne M. Antonelli is the principal owner. The following paragraphs describe our services and fees. The firm offers professional fee-based Investment Management Services and Financial Planning Services customized to the unique needs of each client. Services are offered to individuals, pension and profit sharing plans, trusts, estates, charitable organizations, corporations, and business entities. Antonelli Financial Advisors offers a complimentary general consultation to discuss services available and to provide a prospective client time to review our services, and to determine the scope of the relationship. The firm is independent and not affiliated with a broker dealer. Neither the firm nor any employees accept commissions for securities recommendations or transactions. Please refer to the description of each advisory service listed below for information on how we tailor our services to your individual needs. As used in this Brochure, the words “AFA”, “we”, “our” and “us” refer to Antonelli Financial Advisors, LLC and the words “you”, “your” and “client” refer to you as either a client or prospective client of our firm. Also, you may see the term “Associated Person” throughout this Brochure. As used in this Brochure, our Associated Persons are our firm’s officers, employees, and all individuals providing investment advice on behalf of our firm. Investment Management and Advisory Services We offer discretionary investment management and advisory services tailored to meet our clients’ financial needs and investment objectives. When you retain Antonelli Financial Advisors, LLC for services, we will meet with you to determine your investment needs, objectives, and tolerance for risk. We will gather information to develop a comprehensive Financial Plan and an investment strategy that allows us to provide continuous and focused investment management of your assets to meet your goals. Once we construct a portfolio and Financial Plan for you, we will monitor and adjust your portfolio and financial plan as market conditions or your financial situation changes. Our customized approach to investment management requires that every client have an Investment Policy Statement (“IPS”) that lays the groundwork of the investment strategy of your portfolio(s), financial plan, and ongoing management of your investments. You may restrict the purchase or sale of a security or types of securities, you may request a specific investment strategy (i.e. Socially Responsible Investing (“SRI”), or other investment guidelines that will be specifically addressed in your IPS). We require that clients grant our firm discretionary authority to manage your account(s). Discretionary authorization will allow us to determine the specific securities, and the value of securities to be purchased or sold without your approval for every transaction. Discretionary authority is granted by the investment management agreement you sign at the start of our relationship, and a limited power of attorney/trading authorization forms you sign with the custodian of your assets. 4  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 For those clients who do not meet our minimum account requirements, a Retainer Agreement is executed in lieu of an Investment Management and Advisory Service Agreement when the work required is more appropriate on a fixed-fee basis, particularly when asset management is not the focus of the relationship. AFA offers ongoing Financial Planning Services centered on the needs of the client. The annual minimum fee is $1,500 and is negotiated based on the scope of the work required. Financial Planning Services When providing Financial Planning Services, which are included in our Advisory Services, the firm coordinates as necessary with the client’s attorney, accountant, insurance agent, custodian, etc. Clients are encouraged to consult their personal tax advisor, legal counsel, or other professionals for expert opinions in noninvestment matters. The process is very collaborative and considers retirement projections, risk assessment, charitable giving, estate planning, tax planning, college funding, and any other financial concerns a client may need considered. We assist our clients with implementing our plan recommendations and monitor the plan. For those clients who are strictly interested in financial planning we will develop a comprehensive Financial Plan; however, it is the client’s responsibility to implement the plan. Implementation of any advice or recommendations pertaining to securities and/or non-securities matters (such as insurance), in whole or in part, is entirely at the client’s discretion through the service provider(s) of the client’s choice. Advice provided by AFA may include recommendations for updates and reviews, and these services can be obtained under a new or amended agreement at the client’s discretion. The fee for a comprehensive Financial Plan is $2,500 and is negotiated based on the scope of the work required. Hourly Planning Services Antonelli Financial Advisors provides project-based advisory services. Hourly Financial Planning Services focus on specific planning needs, such as business planning, college funding, retirement planning, charitable giving, tax strategies, etc. The hourly rate for limited scope planning services is $200 to $400 based on the complexity of the planning service. Selection of Other Advisers – Specialized Accounts On a case-by-case basis, Antonelli Financial Advisors advises clients to engage Nuveen Asset Management (“NAM”) to provide laddered bond investment management services for a portion of the fixed income strategy of their investment portfolios. Antonelli Financial Advisors believes that for these clients, NAM provides a comprehensive level of fixed income management services. Clients who choose to engage NAM sign a separate investment advisory agreement with NAM that governs the relationship. Antonelli Financial Advisors and NAM are separate, distinct entities, not related to each other. Antonelli Financial Advisors remains the adviser on the account but NAM is the discretionary manager of the assets. 5  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Assets Under Management As of December 31, 2024, AFA had $ 193,000,052 in assets under management, all managed on a discretionary basis. Item 5- Fees and Compensation Fees for services provided by Antonelli Financial Advisors are based on the type of engagement. Investment Management and Advisory Services Fees for Investment Management Services are agreed upon at the time of engagement and are based on the following fee schedule: 1.0% annually on the first $2,000,000 0.6% annually on the next $3,000,000 0.5% annually on the next $5,000,000 0.2% annually on any amount over $10,000,000 AFA’s fees are based upon a percentage of assets under management and are invoiced quarterly in arrears. Fees may be negotiated (higher or lower), based on unusual circumstances, pre-existing relationships, or complexity of planning. Fees are calculated at the end of each billing period based upon the portfolio’s market value on the last trading day of the quarter. The portfolio’s market value is determined by the client’s selected custodial firm. Fees are due quarterly in arrears and are generally deducted from the managed account(s) with the client’s written authorization, but may be billed to the client upon request. AFA’s quarterly fee is determined by multiplying the portfolio balance on the last trading day of the billing period by ¼ of the annual fee. A pro-rata fee is calculated for partial quarters. Antonelli Financial Advisors, at its sole discretion, may charge a lesser Investment Management and Advisory fee based on a historic relationship between the client and AFA, the type of assets managed, related accounts, and negotiations with clients. AFA reserves the right to modify the fee with 30 days’ prior written notice to clients. Clients are free to terminate services at any time. Financial Planning Services Fees for Financial Planning Services are determined at the time of the engagement and are based on the time and effort required. The standard fee is $2,500 and is negotiable. Fees are agreed upon by both parties prior to the start of the relationship and due at the end of our engagement. 6  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Hourly Planning Services Antonelli Financial Advisors provides project-based advisory services. Hourly Financial Planning Services focus on specific planning needs, such as college funding, retirement planning, charitable giving, tax strategies, etc. The hourly rate for limited scope planning services is $200 to $400 based on the complexity of the planning service. Our fee is due at the end of the engagement. Other Fees Custodians may charge transaction fees on purchases and sales of mutual funds, and commissions on ETFs, stocks, and bonds. These transaction charges are generally small and incidental to the purchase or sale of a security. AFA does not accept any compensation or share in these fees. If it is determined that a client portfolio should contain individual bonds, the client may pay a mark-up, mark-down, or a spread to the broker or dealer on the other side of the transaction that is built into the price of the security. In some cases, a Prime Brokerage agreement is available, where the client pays a flat fee on fixed income transactions and does not participate in the mark-up. AFA does not accept any compensation or share in these fees. Mutual funds generally charge a management fee (expense ratio) for their services as investment managers. There are also fees associated with ETFs, also called an expense ratio. The expense ratios of mutual funds and ETFs are in addition to the fees paid by the client to AFA. Charges, expenses, fees, and commissions are exclusive of and in addition to AFA’s fee. AFA does not accept compensation from any commissions, expenses charged by mutual funds or ETFs, the sale of securities or other investment products, including asset-based sales charges or service fees from the sale of mutual funds. Item 6- Performance-Based Fees and Side- By-Side Management Antonelli Financial Advisors does not charge “performance based” fees (i.e., based upon a share of capital gains or capital appreciation, or performance, for any portion of funds under an investment management and advisory service agreement. Consequently, the firm does not manage performance and non- performance based accounts simultaneously. Item 7- Types of Clients Services are offered to individuals, pension and profit sharing plans, trusts, estates, charitable organizations, corporations, and business entities. The minimum account size is $150,000 but exceptions are made at our discretion. 7  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Item 8- Method of Analysis, Investment Strategies and Risk of Loss Methods of Analysis Antonelli Financial Advisors’ investment strategies are consistent with modern portfolio theory; we reduce risk and volatility by building globally diversified portfolios. AFA primarily uses fundamental security analysis. The primary sources of information include filings with the Securities and Exchange Commission (10- Ks, 10-Qs, etc.), annual and quarterly reports, company press releases, financial press (e.g., Wall Street Journal, Thompson/Reuters, Barron’s, etc.), research materials prepared by others, Morningstar, and research reports provided by the custodians. Investment Strategies Being consistent with modern portfolio theory we implement our investment strategies using a solid core of exchange traded funds (“ETFs”), individual company stocks and bonds, and mutual funds. Portfolios are globally diversified among various asset classes to mitigate the risk associated with individual markets and asset classes. We allocate and rebalance client portfolios strategically based on current market conditions and the client’s goals and risk tolerance; at times limiting, eliminating, or overweighting specific sectors, industries, or geographic locations. AFA’s overall investment strategy focuses on the client’s ability and willingness to tolerate risk. We are not frequent traders, we purchase securities for our client’s portfolios for their long-term potential, but we also have a sell discipline if a security hits our target price or target weight which prompts a review to either reassess our target, trim the security or sell it outright. Socially Responsible Investing (“SRI”) is an investment strategy that can be implemented for a client who specifically requests an investment portfolio that considers environmental, social and corporate governance factors; these portfolios are generally constructed utilizing mutual funds and ETFs. Although we attempt to moderate risk through diversification and target equity and fixed income limits, all investment strategies are subject to various risks or loss as detailed below. Risk All investment programs have certain risks that are borne by the investor. Investing in securities involves risk that you should be prepared to bear. Our investment approach constantly keeps the risk of loss in mind. Investors face the following investment risks: • Interest Rate Risk: Fluctuations in interest rates may cause investment prices to fluctuate. For example, when interest rates rise, yields on existing bonds become less attractive, causing their market value to drop. 8  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 • Market Risk: The price of a security, bond, or mutual fund may drop in reaction to events and conditions. This type of risk is caused by external factors independent of a security’s particular underlying circumstances. For example, political, economic and social conditions may trigger market events. • Inflation Risk: When any type of inflation is present, a dollar today will not buy as much as a dollar next year, because purchasing power is eroding at the rate of inflation. • Currency Risk: Overseas investments are subject to fluctuations in the value of the dollar against the currency of the investment’s originating country. This is also referred to as exchange rate risk. • Reinvestment Risk: This is the risk that future proceeds from investments may have to be reinvested at a potentially lower rate of return (i.e., interest rate). This risk primarily relates to fixed income securities. • Business Risk: These risks are associated with a particular industry or a particular company within an industry. For example, oil drilling companies depend on finding oil and then refining it, a lengthy process, before they can generate a profit. They carry a higher risk of profitability than an electric company, for example, which generates its income from a steady stream of customers who buy electricity regardless of the economic environment. • Liquidity Risk: Liquidity is the ability to readily convert an investment into cash. Generally, assets are more liquid if many traders are interested in a standardized product. For example, Treasury Bills are highly liquid, while real estate properties are not. • Financial Risk: Excessive borrowing to finance a business’ operations increases the risk of profitability, because the company must meet the terms of its obligations in good times and bad. During periods of financial stress, the inability to meet loan obligations may result in bankruptcy and/or a declining market value. • Socially Responsible Investing (“SRI”): SRI funds tend to charge higher fees than traditional ETFs or mutual funds; that and the restriction on investment selection to SRI stocks/mutual funds/ETFs could lead to lower returns for those clients who elect an investment portfolio constructed to meet their socially responsible principles. Item 9- Disciplinary Information Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to the client’s evaluation of their firm or the integrity of their management. In response to a June 2018 routine exam by the State of Michigan, Department of Licensing and Regulatory Affairs, Corporations, Securities and Commercial Licensing Bureau (the “Bureau”), Ms. Antonelli was asked why Antonelli Financial Advisors, LLC, an investment adviser registered with the Bureau, had not registered Suzanne Antonelli as an investment adviser representative of Antonelli Financial Advisors, LLC, at the same time the firm registered, in February 2017, with the Bureau, in 9  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 compliance with the Securities Act in Michigan. Upon becoming aware of this mistake on June 14, 2018, Antonelli Financial Advisors promptly submitted the relevant investment adviser representative registration application materials on behalf of Ms. Antonelli. The Bureau approved Ms. Antonelli’s registration on June 16, 2018. On April 10, 2019, the Bureau issued separate cease and desist orders to Antonelli Financial Advisors, LLC and Ms. Antonelli. The order with respect to Ms. Antonelli was limited to the failure of Antonelli Financial Advisors to register her as an investment adviser representative in the State of Michigan. The order with respect to Antonelli Financial Advisors involved Ms. Antonelli’s lack of registration as an investment adviser representative. As a result of Antonelli Financial Advisors oversight, the Bureau imposed a civil fine of $10,000.00 against Ms. Antonelli as an individual and $10,000.00 against Antonelli Financial Advisors as a firm. Antonelli Financial Advisors paid both of these fines on May 29, 2019. Antonelli Financial Advisors has always prided itself on acting with integrity, honesty and in clients’ best interests. Clearly, we made a mistake in not registering Ms. Antonelli at the time the firm registered with the Bureau however, we committed to quickly addressing and correcting this deficiency. Item 10- Other Financial Industry Activities and Affiliations Antonelli Financial Advisors has no other financial industry affiliations or other activities. Item 11- Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Code of Ethics Antonelli Financial Advisors has adopted a Code of Ethics expressing the firm’s commitment to ethical conduct. We accept and embrace a fiduciary responsibility with all our clients and are legally required to act in the best interest of our clients at all times. Our Code of Ethics describes the firm’s fiduciary duties and responsibilities to clients, details practices for reviewing the personal securities transactions and timing of those transactions of Associated Persons with access to client information. The Code requires compliance with applicable securities laws, address insider trading, and details disciplinary measures for violations for the company’s Code of Ethics. A copy of the firm’s Code of Ethics is available to any client upon request. 10  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Trading Conflicts of Interest Our Associated Persons are permitted to buy or sell securities for their personal accounts that are the same securities that are bought and sold for clients of the firm or are different from those recommended for clients. However, under no circumstance is a person employed by the firm allowed to favor his or her own interest over that of a client. Therefore, our Associated Persons will complete their transactions after all client transactions have been made. Alternatively, orders for clients and orders for our Associated Persons’ accounts may sometimes be aggregated or “batched” into one large order in accordance with our trade aggregation and allocation policy (described in connection with our brokerage practices below). All our Associated Persons are required to provide quarterly transaction reports to the firm’s Chief Compliance Officer. Item 12- Brokerage Practices We make specific recommendations to Investment Management and Advisory clients to open and maintain an account at a broker-dealer based on their preference for services, (a “qualified custodian”). When AFA recommends a qualified custodian to clients we consider the following factors: quality of service, services offered, how long they have been in business, capital structure, financial resources, stability, reputation in the industry, the size and efficiency of their trading team, their ability to provide technology and business support, rating in the institutional marketplace, peer reviews, transaction costs, and other factors. Your Brokerage and Custody Costs Our clients enjoy various services provided by the qualified custodians we recommend, including check writing, electronic money movement, competitive trade commissions, etc. For Investment Management and Advisory Services’ clients we require clients maintain custody of their assets to effect trades for their accounts with one of two registered broker-dealers: Charles Schwab & Co., Inc. (“Schwab”) or Fidelity Brokerage Services LLC (“Fidelity”). We are independently owned and operated and are not affiliated with either Schwab or Fidelity and we do not receive remuneration from any broker including Schwab or Fidelity. The qualified custodians we recommend do not charge separately for custody services but are compensated by charging commissions or other fees on trades that it executes or trades that are executed by other brokers to and from the custodial accounts. AFA’s recommendation of a qualified custodian is entirely independent of trade commissions assessed by the qualified custodian in the client accounts. Because our recommended qualified custodians charge you a fee for each trade we execute at a different broker-dealer (a “trade-away fee”), we generally execute trades at the custodian who holds your account to minimize trading costs. We have determined that having the custodian execute most trades is consistent with our duty to seek “best execution” of client trades. Best execution means seeking the most favorable terms for a transaction based on all relevant factors. 11  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Products and Services Available to Us from Brokers/Custodians Schwab and Fidelity make available to Antonelli Financial Advisors products and services that benefit AFA, but may not directly benefit client accounts. Some of these products and services assist AFA with managing and administering client accounts including pricing of securities in client portfolios, providing downloads of client transactions and portfolio holdings, security data and company reports, research, market data, etc. Antonelli Financial Advisors believes that these custodians provide a quality level of services and value including competitive brokerage fees, systematic order execution, accurate pricing services, client reporting, and interest service platforms for client account access. Our recommended custodians also offer other services to help us manage our business. These services include educational conferences, events, consulting on technology and compliance, business needs, publications and conferences on practice management. The availability of these services from the custodians we recommend benefit AFA and this may give us an incentive to recommend that you maintain your account with these custodians based on our interests rather than yours, which is a potential conflict of interest. We believe, however, that our selection of custodians is in the best interest of our clients, and our recommendation is driven primarily by the quality and price of the custodians’ services to the client and not those services that benefit AFA. Antonelli Financial Advisors does not receive any fees or commissions from any custodian, nor do we participate in any soft dollar arrangements. Soft dollar arrangements are benefits provided to an investment advisor by a broker-dealer as a result of commissions generated from financial transactions executed by the broker-dealer for client accounts or funds managed by the investment advisor. AFA does not and will not participate in soft dollar arrangements. Block Trading Transactions for clients may be executed independently or bundled as block trades (“aggregate”) for trading efficiency. We have adopted a trade allocation policy to govern how we handle the aggregation of orders for more than one client’s account. In doing so, we strive to treat each client fairly and will not favor one client or an Associated Person account over another client. When executed, we will allocate the block trade order in accordance with policies and procedures intended to achieve fair treatment. The purpose of utilizing block orders is for our administrative convenience and, in some transactions, to obtain better execution for the aggregated order than might be achieved by processing each of the transactions separately. Each account that participates in an aggregated order will participate at the average share price for all transactions ordered by AFA in that security on a given business day. 12  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Item 13- Review of Accounts Periodic Reviews Client investment accounts are reviewed on a frequent and ongoing basis by Suzanne M. Antonelli, Chelsei J. Latsch, and Melissa Fradenburg. The frequency of and review process are dependent on the portfolio strategy, market conditions, and are at the discretion of the firm. Reviews also occur when any significant deposit or withdrawal occurs, economic or political events, or by market conditions. A review is also triggered if a client’s asset allocation deviates from the acceptable target limits as detailed in the IPS. Because financial markets and client objectives change, it is important for clients to monitor their portfolio and notify Antonelli Financial Advisors when a potential change exists in the client’s financial condition. Reports Clients will receive confirmation of all transactions in their accounts directly from their custodian; in addition, the custodian will provide monthly/quarterly statements. The custodian’s reports detail account value, net change, portfolio holdings, and all account activity. Antonelli Financial Advisors also provides a quarterly report and invoice. The quarterly report will detail account holdings and values, asset allocation summaries, performance, and other data pertinent to your investment account(s). Item 14- Client Referrals and Other Compensation Antonelli Financial Advisors does not pay unaffiliated third parties for client referrals nor does the firm receive compensation or any economic benefit for client referrals. New business brought to us by certain employees may increase an employee’s total compensation. However, we do not employ individuals whose sole compensation is based upon the amount of business brought to us. If one of our employees refers you to us, they will disclose their affiliation with AFA at the time of the referral. Antonelli Financial Advisors may receive economic benefits from our custodians in the form of support products and services that are made available to us. These products and services, how they benefit us, and the related potential conflicts of interest are described in Item 12 above. The custodians making these products and services available to us are not based on our investment advice, such as buying a specific security for our clients. Item 15- Custody 13  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Antonelli Financial Advisors does not custody client funds or securities, but requires they be held by a qualified third party custodian. As described in Item 5 above, you may authorize your custodian to deduct our fees from your managed account(s). If you provide us with this authorization, we are deemed to have constructive custody of your account. We are also deemed to have custody when a client establishes a letter of instruction or other asset transfer authorization arrangement with their qualified custodian, authorizing us to disburse funds to one or more third parties specifically designated by the client. You should carefully review your quarterly custodian statements with the statements you receive from AFA. If you have any questions or believe there are inconsistencies with these statements, please contact us or your custodian. Item 16- Investment Discretion Antonelli Financial Advisors requires discretionary authority for Investment Management and Advisory clients. AFA has the authority to determine the amount, without obtaining client consent, the type and amount of securities to be purchased or sold in a client’s account. The client approves the custodian to be used, AFA does not receive any portion of the transaction fees or commissions paid by the client to the custodian. Discretionary authority is required so that AFA may promptly implement the investment strategies that the client has approved in the IPS. The client may set certain restrictions, limitations and prohibitions against buying or selling specific securities, companies, or industries in writing. Item 17- Voting Client Securities Clients may retain the authority to vote proxies. We vote proxies on various matters related to shares owned by our clients. When the firm retains the responsibility AFA will cast proxy votes in a manner consistent with the best interest of the firm’s clients. AFA’s policy is to vote all proxies from a specific issuer the same way for each client, unless an individual client places a qualifying restriction. All proxies will be voted consistent with guidelines established and described in the firm’s Proxy Voting Policies and Procedures. AFA has a fiduciary duty to clients and will examine each resolution offered and the context in which it applies. AFA will vote proxies after considering the issue and what is in our client’s best financial interest. A copy of AFA’s proxy voting policy is available upon request. Clients may also request complete records of how AFA voted proxies on behalf of their holdings. Please call Suzanne Antonelli at 313-290-2602 or email santonelli@antonelliadvisors.com for a copy of AFA’s Proxy Voting Policies or a record of our proxy votes on your behalf. 14  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Item 18- Financial Information We are obligated to disclose certain financial information or disclosures about our financial condition, if any, that would impact our ability to provide our services to you. We do not have any financial situations that impair our ability to meet contractual and fiduciary commitments to clients. We have never been the subject of a bankruptcy proceeding. 15  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Antonelli Financial Advisors, LLC Suzanne M. Antonelli, CFP ® 16824 Kercheval Place Suite 202 Grosse Pointe, Michigan 48230 313-290-2602 antonelliadvisors.com March 20, 2025 FORM ADV PART 2B INVESTMENT MANAGER DISCLOSURE BROCHURE SUPPLEMENT This brochure supplement provides information about the qualifications of Suzanne M. Antonelli that supplements the Antonelli Financial Advisors brochure. You should have received a copy of that brochure. If you have any questions about the contents of this supplemental brochure, please contact Suzanne Antonelli at 313-290-2602 or via email at santonelli@antonelliadvisors.com. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. AFA is a limited liability corporation registered as an investment adviser in the State of Michigan. Antonelli Financial Advisors, LLC is a registered investment adviser. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training. Additional information about Antonelli Financial Advisors, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. 16  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Item 2- Educational Background and Business Experience SUZANNE M. ANTONELLI, CFP® Year of Birth: 1963 Experience: Antonelli Financial Advisors, LLC President, CEO, and CCO, 01/2017 to present Sigma Investment Counselors, Senior Portfolio Manager and Investment Committee Member 07/2011 to 01/2017 LJPR, LLC Financial Advisor and Principal, 12/2006 to 7/2011 Educational Background: University of Michigan, Dearborn, MI BA-Economics 1986 Professional Designations: CERTIFIED FINANCIAL PLANNER™ Certification 2009 Professional Designation CFP®: CERTIFIED FINANCIAL PLANNER™ certificants must pass the comprehensive CFP® Certification Examination, pass the CFP Board of Fitness Standards, agree to abide by the CFP Board’s Code of Ethics and Professional Responsibility and Rules of Conduct which put clients’ interests first, comply with the Financial Planning Practice Standards which spell out what clients should be able to reasonably expect from the financial planning engagement, and complete 30 hours of continuing education every two years. Item 3- Disciplinary Information Disciplinary History: In June 2018, in response to a routine exam by State of Michigan, Department of Licensing and Regulatory Affairs, Corporations, Securities and Commercial Licensing Bureau (the “Bureau”), Ms. Antonelli was asked why Antonelli Financial Advisors, LLC, an investment adviser registered with the Bureau, had not registered Suzanne Antonelli as an investment adviser representative of Antonelli Financial Advisors, LLC, at the same time the firm registered, in February 2017, with the Bureau, in compliance with the Securities Act in Michigan. Upon becoming aware of this mistake on June 14, 2018, 17  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Antonelli Financial Advisors promptly submitted the relevant investment adviser representative registration application materials on behalf of Ms. Antonelli. The Bureau approved Ms. Antonelli’s registration on June 16, 2018. On April 10, 2019, the Bureau issued a cease and desist order to Ms. Antonelli. The order with respect to Ms. Antonelli was limited to the failure of Antonelli Financial Advisors to register her as an investment adviser representative in the State of Michigan. As a result of Antonelli Financial Advisors oversight, the Bureau imposed a civil fine of $10,000.00 against Ms. Antonelli as an individual. Antonelli Financial Advisors paid the fine on May 29, 2019. Item 4- Other Business Activities Other Business Activities: Nothing to report. Item 5- Additional Compensation Additional Compensation: Nothing to report. Item 6- Supervision Supervision: As CEO, Suzanne does not have direct oversight from any one individual at the firm for her client management responsibilities. Compliance related activities pertaining to Suzanne are monitored by Chelsei Latsch. Chelsei Latsch Contact information: 313-290-2602 clatsch@antonelliadvisors.com 18  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Antonelli Financial Advisors, LLC Chelsei J. Latsch, FPQP TM, CFP® 16824 Kercheval Place Suite 202 Grosse Pointe, Michigan 48230 313-290-2602 antonelliadvisors.com March 20, 2025 FORM ADV PART 2B INVESTMENT MANAGER DISCLOSURE BROCHURE SUPPLEMENT This brochure supplement provides information about the qualifications of Chelsei J. Latsch that supplements the Antonelli Financial Advisors brochure. You should have received a copy of that brochure. If you have any questions about the contents of this supplemental brochure, please contact Suzanne Antonelli at 313-290-2602 or via email at santonelli@antonelliadvisors.com. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. AFA is a limited liability corporation registered as an investment adviser in the State of Michigan. Antonelli Financial Advisors, LLC is a registered investment adviser. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training. Additional information about Antonelli Financial Advisors, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. 19  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Item 2- Educational Background and Business Experience Chelsei J. Latsch, FPQPTM, CFP®, Wealth Advisor Year of Birth: 1992 Experience: Antonelli Financial Advisors, LLC • Wealth Advisor, 12/2024 to present • Associate Wealth Advisor, 08/2019 to 12/2024 • Paraplanner, 03/2019 to 08/2019 • Client Service Specialist 11/2017 to 03/2019 • Comerica Bank, Trust Analyst, 5/2017 to 11/2017 Educational Background: Wayne State University, Detroit, MI BA-Finance 2017 Oakland Community College Associates 2012 Professional Designations: Financial Paraplanner Qualified Professional® (“FPQPTM”) 2018 Professional Designation CFP® - Certified Financial Planner The CERTIFIED FINANCIAL PLANNER™, CFP® and federally registered CFP (with flame design) marks (collectively, the “CFP® marks”) are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”). The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Currently, more than 71,000 individuals have obtained CFP® certification in the United States. To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following requirements: • Education – Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board’s studies have determined as necessary for the 20  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 competent and professional delivery of financial planning services, and attain a Bachelor’s Degree from a regionally accredited United States college or university (or its equivalent from a foreign university). CFP Board’s financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning; • Examination – Pass the comprehensive CFP® Certification Examination. The examination, administered in 10 hours over a two-day period, includes case studies and client scenarios designed to test one’s ability to correctly diagnose financial planning issues and apply one’s knowledge of financial planning to real world circumstances; • Experience – Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year); and • Ethics – Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP® professionals. Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the CFP® marks: • Continuing Education – Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field; and • Ethics – Renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP® professionals provide financial planning services at a fiduciary standard of care. This means CFP® professionals must provide financial planning services in the best interests of their clients. CFP® professionals who fail to comply with the above standards and requirements may be subject to CFP Board’s enforcement process, which could result in suspension or permanent revocation of their CFP® certification. Item 3- Disciplinary Information Disciplinary History: Chelsei J. Latsch has no legal or disciplinary events that would be material to your evaluation of her (e.g. criminal or civil action or administrative proceeding before a regulator or self-regulatory organization proceeding). 21  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Item 4- Other Business Activities Other Business Activities: Nothing to report. Item 5- Additional Compensation Additional Compensation: Nothing to report. Item 6- Supervision Supervision: Ms. Latsch serves as an Associate Wealth Advisor and Client Service Specialist at Antonelli Financial Advisors, LLC. She is supervised by Suzanne M. Antonelli, the firm’s CEO and Chief Compliance Officer who may be reached at 313-290-2602. 22  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Melissa A. Fradenburg, CDFA®, AIF® 16824 Kercheval Place Suite 202 Grosse Pointe, Michigan 48230 313-290-2602 antonelliadvisors.com March 20, 2025 FORM ADV PART 2B INVESTMENT MANAGER DISCLOSURE BROCHURE SUPPLEMENT This brochure supplement provides information about the qualifications of Melissa A. Fradenburg that supplements the Antonelli Financial Advisors brochure. You should have received a copy of that brochure. If you have any questions about the contents of this supplemental brochure, please contact Suzanne Antonelli at 313-290-2602 or via email at santonelli@antonelliadvisors.com. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. AFA is a limited liability corporation registered as an investment adviser in the State of Michigan. Antonelli Financial Advisors, LLC is a registered investment adviser. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training. Additional information about Antonelli Financial Advisors, LLC is available on the SEC’s website at www.adviserinfo.sec.gov. 23  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 Item 2- Educational Background and Business Experience Melissa Fradenburg, CDFA®, AIF®, Wealth Advisor Year of Birth: 1979 Experience: Antonelli Financial Advisors, LLC • Wealth Advisor, 02/2024 to present Stephens Consulting, LLC, Financial Advisor 10/2021 to 02/2024 Raymond James Financial Services, Financial Advisor 11/2019 to 10/21 Raymond James Financial Services, Investment Advisor Representative 10/17 to10/21 Lakeshore Financial Planning, Wealth Advisor 11/18 to 11/19 Raymond James Financial Services, Financial Advisor 02/17 to 12/2018 Educational Background: Gettysburg College, Gettysburg, PA BA-Economics 2001 Professional Designations: Certified Divorce Financial Analyst® (“CDFA®”) 2022 Accredited Investment Fiduciary® (“AIF®”) 2022 Professional Designation CDFA® Certified Divorce Financial Analyst® Individuals who hold the CDFA® designation have completed a four-part Educational Curriculum and Certification Exam that tests their understanding and knowledge of the financial aspects of divorce. The candidate must also demonstrate the practical application of this knowledge in the divorce process by completing a comprehensive case study. CDFA practitioners agree to abide by a strict code of professional conduct known as the Institute for Divorce Financial Analysts (IDFA) Code of Ethics and Professional Responsibility, which sets forth their ethical responsibilities to the public, clients, employers and other professionals. The IDFA may perform a background check during this process and each CDFA® candidate must disclose any investigations or legal proceedings relating to his or her professional or business conduct. CDFA® practitioners are required to maintain technical competence and to fulfill ethical obligations. Every two years, they must 24  Antonelli Financial Advisors, LLC ADV Part 2 A/B March 20, 2025 complete a minimum of thirty (30) hours of continuing education specifically related to the field of divorce. AIF® Accredited Investment Fiduciary® The Accredited Investment Fiduciary® Designation is a professional certification that demonstrates that those responsible for managing or advising an investor’s assets have fundamental understanding of the principles of fiduciary duty, the standards of conduct for acting as a fiduciary and a process for carrying out fiduciary responsibility. Item 3- Disciplinary Information Disciplinary History: Melissa A. Fradenburg has no legal or disciplinary events that would be material to your evaluation of her (e.g., criminal or civil action or administrative proceeding before a regulator or self-regulatory organization proceeding). Item 4- Other Business Activities Other Business Activities: Nothing to report. Item 5- Additional Compensation Additional Compensation: Ms. Fradenburg is eligible to earn additional compensation when referring new clients to us. Item 6- Supervision Supervision: Ms. Fradenburg serves as a Wealth Advisor at Antonelli Financial Advisors, LLC. She is supervised by Suzanne M. Antonelli, the firm’s CEO and Chief Compliance Officer who may be reached at 313-290- 2602. 25