THE FAIRMAN GROUP, LLC

Item 1 – Cover Page Form ADV, Part 2A Firm Brochure THE FAIRMAN GROUP LLC 1200 Liberty Ridge Drive, Suite 320 Chesterbrook, PA 19087 Phone: 610-889-7300 Fax: 610-889-7326 www.fairmanfinancial.com This brochure provides information about the qualifications and business practices of The Fairman Group. If you have any questions about the contents of this brochure, please contact us at: 610-899-7300, or by email at: serviceteam@fairmanfinancial.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. The Fairman Group is a registered investment advisor. Registration of an investment advisor does not imply any level of skill or training. The oral and written communications of an advisor provide you with important information for determining whether to hire or retain an advisor. Additional information about The Fairman Group is available on the SEC’s website at www.adviserinfo.sec.gov. You can search this site by a unique identifying number, known as a CRD number. Our firm's CRD number is 121492. This brochure was last updated on March 27, 2025 - i - The Fairman Group, LLC  Item 2 – Material Changes This Firm Brochure is our disclosure document prepared according to the SEC’s current requirements and rules. The Brochure provides you with a summary of The Fairman Group’s services and fees, professionals, certain business practices and policies, as well as actual or potential conflicts of interest, among other things. This Item is used to provide our clients with a summary of new and/or updated information; we will inform clients of any revision(s) based on the nature of the information as follows: - Annual Update: We are required to update certain information at least annually, within 90 days of our firm’s fiscal year end (FYE) of December 31. We will provide you with either a summary of the revised information with an offer to deliver the full revised Brochure within 120 days of our FYE or we will provide you with our revised Brochure that will include a summary of the changes in this Item. - Material Changes: Should a material change in our operations occur, depending on its nature, we will promptly communicate this change to clients (and it will be summarized in this Item). “Material changes” requiring prompt notification will include changes of ownership or control, location, disciplinary proceedings, significant changes to our advisory services or advisory affiliates – any information that is critical to a client’s full understanding of who we are, how to find us, and how we do business. Material Changes since the Last Update None Full Brochure Available We will provide you with a new Brochure as necessary based on changes or new information, at your request, at any time, without charge. Currently, our Brochure may be requested by contacting our service team at 610-889-7300, or by email to: serviceteam@fairmanfinancial.com. The SEC’s website also provides information about any persons affiliated with The Fairman Group who are registered, or are required to be registered, as investment adviser representatives of The Fairman Group. www.adviserinfo.sec.gov. - ii - The Fairman Group, LLC  Item 3 – Table of Contents Item 1 – Cover Page ....................................................................................................... i Item 2 – Material Changes ............................................................................................ ii Material Changes since the Last Update ....................................................................ii Full Brochure Available ...............................................................................................ii Item 3 – Table of Contents .......................................................................................... iii Item 4 – Advisory Business ......................................................................................... 1 Firm Description......................................................................................................... 1 Principal Owners........................................................................................................ 1 Types of Advisory Services ....................................................................................... 1 Tailored Relationships ............................................................................................... 4 Participation in Wrap Fee Programs .......................................................................... 4 Assets Under Management ....................................................................................... 4 Item 5 – Fees and Compensation ................................................................................ 4 Fees for Investment Advisory Services ...................................................................... 4 Fee Payment ............................................................................................................. 6 Fees for Financial Planning and Other Services ........................................................ 7 Other Fees ................................................................................................................. 7 Termination of Agreement ......................................................................................... 8 Product Related Compensation ................................................................................. 8 Item 6 – Performance-Based Fees ............................................................................... 8 Sharing of Capital Gains ............................................................................................ 8 Item 7 – Types of Clients .............................................................................................. 9 Description ................................................................................................................. 9 Account Minimums .................................................................................................... 9 Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss .................. 9 Methods of Analysis ................................................................................................... 9 Investment Strategies .............................................................................................. 11 Risk of Loss ............................................................................................................. 11 Item 9 – Disciplinary Information ............................................................................... 13 Legal and Disciplinary .............................................................................................. 13 Item 10 – Other Financial Industry Activities and Affiliations ................................. 13 Financial Industry Activities ..................................................................................... 13 Affiliations ................................................................................................................ 13 Recommendation and Selection of Other Investment Advisors ............................... 14 - iii - The Fairman Group, LLC  Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading ......................................................................................................... 14 Code of Ethics ......................................................................................................... 14 Participation or Interest in Client Transactions ........................................................ 15 Personal Trading ..................................................................................................... 15 Item 12 – Brokerage Practices ................................................................................... 15 Brokers and Custodians That We Use ..................................................................... 15 Soft Dollars .............................................................................................................. 19 Brokerage for Client Referrals ................................................................................. 19 Directed Brokerage and Order Aggregation ............................................................ 19 Item 13 – Review of Accounts .................................................................................... 19 Periodic Reviews ..................................................................................................... 19 Review Triggers ....................................................................................................... 20 Regular Reports....................................................................................................... 20 Item 14 – Client Referrals and Other Compensation ................................................ 20 Client Referrals ........................................................................................................ 20 Other Compensation ................................................................................................ 20 Item 15 – Custody ....................................................................................................... 21 Custody of Client Assets and Account Statements .................................................. 21 Item 16 – Investment Discretion ................................................................................ 22 Discretionary Authority for Trading .......................................................................... 22 Item 17 – Voting Client Securities.............................................................................. 23 Proxy Votes ............................................................................................................. 23 Item 18 – Financial Information ................................................................................. 23 Financial Condition .................................................................................................. 23 Other Items .................................................................................................................. 24 Business Continuity Plan ......................................................................................... 24 Information Security ................................................................................................. 24 Document Retention ................................................................................................ 24 Privacy Notice .......................................................................................................... 25 - iv - The Fairman Group, LLC  Item 4 – Advisory Business Firm Description The Fairman Group LLC, (“The Fairman Group” or “TFG”) was founded in 2002 by professionals from the Private Client Services Group of Arthur Andersen’s Philadelphia office. We are 100% owned by Fairman Group Family Office LLP dba Fairman Financial (“Fairman Financial”). This brochure is provided to potential and existing clients (“Client” or “You”) to provide an understanding of the services we provide, our potential conflicts of interest and the qualifications of certain TFG personnel. Our clients include high net worth individuals, families and their related trusts and business entities. For certain accounts designated by clients as discretionary accounts in their Investment Advisory Agreement, TFG will manage accounts on a discretionary basis, while maintaining its customary quarterly and other communications with clients and requests for client authorization prior to executing trades. The Fairman Group is strictly a fee-only professional service firm. We do not sell annuities, insurance, stocks, bonds, mutual funds, limited partnerships, or other commissioned products. The firm is not affiliated with entities that sell financial products or securities. We do not accept commissions or finder’s fees. Through both The Fairman Group and Fairman Financial, we provide a variety of services that we define collectively as comprehensive wealth management and tax services. These services include investment advisory services, financial planning, tax planning, tax return preparation and other accounting services. We provide investment advisory and personal financial planning services to you through individuals registered as investment advisor representatives of TFG. You can learn more about the background and qualifications of our investment advisor representatives in the Part 2B Supplement of this brochure. We offer a free initial consultation for prospective clients. This meeting is generally considered an exploratory interview to determine the extent to which our services may be beneficial to the client. Principal Owners Marianne Coccia Inforzato is a 33 1/3% partner. Shawn P. Kindt is a 33 1/3% partner. Douglas E. Morisoli is a 33 1/3% partner. Types of Advisory Services The Fairman Group provides ongoing investment supervisory services for our clients based on their individual needs. Additionally, we furnish advice on personal - 1 - The Fairman Group, LLC  financial planning matters such as cash flow management, retirement planning, tax planning, insurance analysis, education funding and estate planning. Description of Investment Supervisory Services: We begin our process by making sure we understand your investment goals, time horizon, liquidity needs, asset class preferences and risk tolerance. We will examine how your current investments fit in relation to your goals and discuss relevant investment concepts such as historical performance of various asset classes and the fundamentals of risk, return and diversification. We will typically model your future cash flow and wealth accumulation to determine the sufficiency of assets to maintain your desired standard of living. This model can also provide insights toward identifying a required portfolio return and your financial ability to tolerate risk. A series of meetings are often needed to thoroughly review and analyze your current and projected financial situation. If you designated your account(s) as discretionary on your Investment Advisory Agreement, we may exercise discretion over your investment assets but will also communicate with you our recommendations and seek authorization prior to executing any trades. Asset Allocation Strategy: With an understanding of your financial situation, we will help you identify an individualized, strategic asset allocation that is consistent with your investment objectives, risk tolerance, time horizon, asset class preferences and other criteria you may impose. At your direction, the allocation strategy may encompass broad coordination of multiple accounts at multiple custodians (i.e., developing a master asset allocation plan for multiple taxable accounts and tax-advantaged retirement accounts such as your 401(k), 403(b) and IRA plans) or a more narrow focus on asset allocation for specific accounts you select to place under our supervision. Once the investment strategy is formulated, we work with you to develop an investment policy statement, assist with implementation with your selected custodian, make investment management recommendations and provide ongoing review and reporting of the strategy. We do not engage in market timing strategies. Tax Specialization: Taxes play a significant role in your portfolio’s overall return and are an important consideration in implementation and rebalancing decisions. Unlike many advisors who avoid responsibility for tax planning, we bring extensive experience in assessing the tax implications of investment decisions and can help you maximize the after-tax return on your portfolio. Custodian: We will identify and coordinate custodial/brokerage services. However, we will not take actual custody of your investment assets. We generally recommend Charles Schwab & Co., Inc. (“Schwab”) as a custodian for client assets. We have no affiliation with Schwab, and you are under no obligation to select them as your custodian. - 2 - The Fairman Group, LLC  Using a custodian such as Schwab provides third-party reporting and valuation of your assets. It allows us to help you implement a centralized investment program that incorporates multiple money managers, mutual fund families and investment styles at a competitive cost. This arrangement may also allow you to gain access to money managers and mutual funds at lower account minimums or reduced fees than generally are available to individual investors. Because we do not participate in any fee sharing agreements, any savings pass directly to you. For clients that choose to custody assets outside of Schwab, we utilize a custodial aggregation service for valuation and reporting. This third-party service is provided by Morningstar ByAllAccounts (“MBAA”), Inc. (see Valuation section below). MBAA allows performance reporting on held-away accounts using client account login credentials (username and password) without us taking possession of the credentials. Clients opting to use the MBAA aggregation service maintain their login credentials directly with MBAA. Some financial institutions allow for an API connection to MBAA that enables the connection to be maintained without storing client login credentials in MBAA. Investment Management: We will assist you in selecting and monitoring appropriate investment vehicles that are consistent with your chosen asset allocation and investment policy. The decision to utilize a specific vehicle (i.e., separate account manager, mutual fund or exchange traded fund) is based on the total dollar amount of the deployment, available selections within the asset class, the overall costs (custody fees, annual management fees and transaction costs) and client preferences. The primary purpose is to identify professional asset management that is reasonably suited to represent each particular asset class within the target asset allocation. We generally suggest both active and passive (i.e., index) management styles. Any manager or fund suggestions we make are subject to your selection preferences and final approval. You are under no obligation to implement any recommendations that we provide. Ongoing Supervision and Reporting: We will provide ongoing review and reporting of the accounts you place under our supervision. The scope of our periodic review and reporting may include but is not limited to: • Comparison of the portfolio allocation to stated target for rebalancing • Monitoring the performance of selected money managers or mutual funds • Providing advice regarding the retention or dismissal of money managers or mutual funds • Arranging or effecting any purchase, sale or transfer related to any of our recommendations accepted and approved for implementation by clients • Comparisons of the portfolio against selected benchmarks • Analysis of the estimated portfolio annual income and current yield • Analysis of realized and unrealized gains and losses - 3 - The Fairman Group, LLC  Tailored Relationships As described above, our services are tailored to the unique needs and financial situation of each client. We do not utilize standardized asset allocation models that are generically mapped from responses to a risk questionnaire. We create investment policy statements that reflect the mutually agreed upon goals, objectives, and portfolio guidelines. Clients may impose restrictions on investing in certain securities or types of securities. Participation in Wrap Fee Programs The Fairman Group does not sponsor or participate in any wrap fee programs. Clients may choose to implement assets with wrap fee programs sponsored by third parties such as Schwab, UBS, Merrill Lynch, etc. In a wrap fee program, it is not uncommon for fees to be shared with advisors. As an independent advisor, we do not receive any fees from wrap fee programs. If you choose to participate in a wrap program, you should obtain and read the related disclosure information. Assets Under Management As of December 31, 2024, The Fairman Group managed approximately $851,000,605 total assets for approximately 145 clients. Approximately $496,150,160 was managed on a discretionary basis and $354,850,445 was managed on a non-discretionary basis. Item 5 – Fees and Compensation Fees for Investment Advisory Services Our fees for investment advisory services are determined on either an asset-based fee or a fixed fee arrangement. Asset-based Fees Asset-based management fees are generally billed quarterly in advance of one fourth of the annual rate based on a percentage of the client's assets under management at the end of the calendar quarter. Fees are calculated as follows: (Account value x Annual Fee %) ÷ 4 = Quarterly Fee Current Fee Schedule Fairman Group Investment Advisory Service fee schedule for asset-based fees: Assets Under Management First $2.0 million Next $3.0 million Next $5.0 million Next $10.0 million Over $20.0 million Annual Fee % 1.00% 0.75% 0.50% 0.35% 0.25% - 4 - The Fairman Group, LLC  Fixed Annual Fees Fixed fee arrangements are generally determined using the table above as the valuation guideline for an initial annual fee that is billed quarterly. We revisit this fee amount with you on an annual basis to ensure the amount is equitable to all parties with respect to services rendered and value received. Minimum Annual Fee TFG assesses a minimum annual fee of $15,000 to accounts receiving ongoing investment advisory services. As a result, accounts with a small balance may pay a higher annual fee than those normally charged by other investment advisors. Lower fees for comparable services may be available from other sources. Limited Exceptions to Current Fee Schedule/Fees Negotiable Fees may vary from the applicable schedule above due to particular circumstances of the client or as otherwise negotiated with particular clients. Factors we consider when determining fees may include, but are not limited to, the following: • Size of portfolio/assets under management • Types of securities to be purchased, sold, or held within the portfolio • The custodian used to hold your assets (assets held outside of our recommended custodians typically increase our costs of doing business) • The extent of additional services to be provided • Certain family members of affiliated persons of the Fairman Group may receive services at a discounted rate which is not available to advisory clients generally • Historical fee schedules or negotiated annual fixed fee schedules may differ from the asset-based fee schedule listed above (historical fee schedules/terms are not available to new client relationships) • In no event will asset-based fees be billed at a higher rate than the fee table listed above Effective Date Investment advisory services begin with the effective date of the Agreement, which is the date the client signs the Investment Advisory Agreement. For that calendar quarter, fees will be adjusted pro rata based upon the number of calendar days in the quarter that the Agreement was effective. Valuation We primarily use your custodian to price the securities in your investment accounts. If Schwab is your custodian, we are able to interface with their system to access daily valuation and transaction data. For accounts and investment positions not held at Schwab, we rely on you to provide or authorize your custodian to send us copies of your account statements for valuation and performance reporting. In the event we are not timely provided with data, we will attempt to make a reasonable estimate calculation based on your last provided statement share holdings and current market price. For us to provide accurate reporting and billing, - 5 - The Fairman Group, LLC  we rely on you to provide or authorize transmission of data for accounts not held at our recommended custodian (currently Schwab). For this purpose, we accept copies of your account statements forwarded by either you or your custodian or electronic transmission of compatible data from your custodian. Clients may also authorize the use of a third-party data aggregation service to electronically gather daily valuation data for their third-party online accounts. Presently, we utilize the custodial aggregator service provided by MBAA, Inc. (“MBAA”) for this purpose. MBAA stores client information in a secure data warehouse at Amazon Web Services, which is SOC 1/SSAE 16/ISAE 3402 compliant. All risks must be documented, including the safeguards and procedures for dealing with those risks. SOC compliance requires an audit by a third-party that includes testing and monitoring. Participation in the MBAA aggregation service is optional and extended to you at no additional cost. We do not receive any fees from MBAA. For billing purposes, the value of your account as of the last business day of the previous quarter is used to determine the fees charged. The total portfolio value on which fees are based may vary from the value on the custodian statement (the valuation may be higher or lower) due to such factors as the timing and posting of dividends, settlement dates for trades and accrued interest. Accordingly, we utilize the value reflected in our portfolio accounting system which contains the most timely information available to us. All valuation information is based on sources that The Fairman Group believes to be reliable. Clients should regularly consult their custodial account statements for confirmation of balances and account activity. Clients should promptly notify The Fairman Group when there are any material changes to their financial situation or discrepancies in our reporting. Fee Payment If authorized, we will deduct your fees directly from your account on a quarterly basis. If direct debiting is not selected, an invoice will be sent to you. We request payment in full within 30 days of receipt. Fairman Financial clients may choose direct debiting but may not authorize the writing of checks from checking accounts to pay for advisory services. In the event we collect our fee by debiting your custodial account, you will receive an informational invoice setting forth the fee amount and the basis for the calculation. Statements provided by your custodian will detail the total amount of the fees that were deducted each quarter. You are responsible to verify the accuracy of the fee calculation as the custodian will not determine whether the fee has been properly calculated. Accordingly, you should review your account - 6 - The Fairman Group, LLC  statement to compare your invoiced fee to the amount deducted. You may terminate a fee-debiting arrangement at any time and we will bill you directly. Fees for Financial Planning and Other Services The Fairman Group provides investment advisory services and personal financial planning services. Our related accounting firm, Fairman Financial, provides tax, accounting, and bookkeeping services. For Fairman Group clients who utilize the check writing services of Fairman Financial, an independent accountant will verify client checking account assets on at least an annual basis. Fees for any separate financial planning and other accounting services are based on an hourly fee or fixed fee arrangement. Hourly charges will vary depending upon the nature of the work and the professional level of our personnel required. In this regard, hourly charges for our professional staff will generally range from $100 to $685 per hour. We reserve the right to provide services on a fixed fee basis in lieu of an hourly fee. The fixed fee will be negotiated with the client prior to performing any service. A separate fee will not be charged for investment advice that is incidental to providing tax and financial planning services. As described under Item 10, tax, accounting, and other non-investment advisory related services are rendered by Fairman Financial. Other Fees Mutual Fund Fees: Our advisory fees are separate and distinct from fees and expenses charged by mutual funds that may be recommended to you. These fees will generally include a management fee, other fund expenses and a possible distribution fee. A description of these fees and expenses is contained in each fund's prospectus. We encourage you to read each fund prospectus carefully. The custodian or fund sponsor will send a prospectus when trades are placed or upon request. Clients are obligated to notify us if they do not receive a prospectus. Separate Account Manager Fees: Our fees are also separate and distinct from the advisory fee charged by any Separate Account Managers that may be recommended to you. Such managers may be contracted by you directly or as part of a third-party wrap fee program. Brokerage, Custodial and Miscellaneous Fees: Your selected broker, custodian or other financial institution may charge transactional, custody or other miscellaneous fees. Please refer to the disclosure documents provided by your selected broker or custodian. As part of our ongoing supervisory service, we strive to assist you in identifying and evaluating your overall investment fees and helping identify opportunities to reduce costs. However, there may be lower cost alternatives available in the marketplace. - 7 - The Fairman Group, LLC  Margin Fees: To the extent that a client authorizes the use of margin, and margin is thereafter employed in the client’s portfolio, the market value of the client’s account and corresponding fee payable by the client to TFG may be increased. As a result, in addition to understanding and assuming the additional principal risks associated with the use of margin, clients authorizing margin are advised of the potential conflict of interest whereby the client’s decision to employ margin may correspondingly increase the management fee payable to the TFG. Accordingly, the decision to employ margin is left to the sole discretion of client. Termination of Agreement All advisory agreements can be terminated by either party at any time upon thirty (30) days written notice. The client is responsible to pay for services rendered until the termination of the agreement. The client can cancel the Agreement without penalty within the first five days after the signing of the Agreement. Upon termination, you will receive a refund of any prepaid and unearned advisory fees prorated for the balance of the quarter. If investment advisory services have been provided, fees are therefore due and payable, and you will receive an invoice with the amount due. Any transactional or custodial charges levied by your custodian after the termination of the advisory agreement are your responsibility. We have no obligation to refund fees charged by your custodian to you. Product Related Compensation We do not sell products, earn commissions, or participate in any type of revenue sharing. The only fees we earn are the direct fees paid by our clients. We generally recommend only no-load or load-waived mutual funds. Some mutual funds may impose an initial or deferred sales charge. You may own some of these funds when you transition your account to us. In addition, our fees do not include any applicable transaction fees, commissions or other management fees charged by money managers recommended to you. You are under no obligation to purchase any investment product or service that we recommend to you. Item 6 – Performance-Based Fees Sharing of Capital Gains Fees are not based on a share of the capital gains or capital appreciation of managed securities. The Fairman Group does not offer a performance-based fee structure because of the potential conflict of interest. Performance-based - 8 - The Fairman Group, LLC  compensation may create an incentive for the advisor to recommend an investment that may carry a higher degree of risk than is suitable for the client. Item 7 – Types of Clients Description The Fairman Group primarily provides investment advice to individuals. We may also provide advice to entities related to our individual clients such as trusts, estates, charitable funds, or business entities. Account Minimums We generally require a minimum account size of $1,500,000 of investable assets to be placed under our supervision. We have discretion to waive the account minimum. Accounts that do not meet the account minimum may be set up when the client anticipates adding additional funds to the accounts to meet the $1,500,000 within a reasonable time. As noted under Fees above, our minimum advisory fee is $15,000. Other exceptions will apply to our personnel, their relatives, and relatives of existing clients. Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss Methods of Analysis Our process is designed to help you articulate and quantify goals, organize financial data, identify needs and opportunities, and evaluate alternative courses of action. It includes an analysis of current net worth, income taxes, cash flow, investments, employee benefits, insurance, and estate planning needs. Analysis is primarily based on Modern Portfolio Theory, academic and industry research that focuses on structuring portfolio assets to achieve your financial objectives in consideration of your risk tolerance. We design custom asset allocation plans using mean variance optimization analysis software from Morningstar, Inc. This tool allows us to research, create and analyze optimal asset allocation strategies tailored to your unique return requirement, asset class preferences and risk tolerance. We utilize forward looking long-term capital market assumptions that are constructed by Callan Associates Inc. (more details on the formulation of these assumptions can be found at https://www.callan.com/capital-markets-assumptions/). We are a member of Callan Associates Inc.'s (“Callan”) Independent Advisor Group (“IAG”). Callan is one of the largest investment consulting firms in the United States, providing research, due diligence, education, decision support, and advice to institutional investors. Through its relationship with Callan's IAG division, we have access to the research resources of one of the world's largest investment consulting firms. - 9 - The Fairman Group, LLC  To help you implement your asset allocation plan we consider a wide universe of investment vehicles primarily consisting of mutual funds, exchange traded funds (“ETF”s) and separate account money managers. Research indicates that the primary determinant of your portfolio return is the result of your asset class composition. Accordingly, a major focus of our analysis is to identify vehicles reasonably suited to represent a desired asset class within the portfolio. With respect to mutual funds and ETFs, we will identify categories of funds that are compatible with your investment objectives, risk tolerance and other client criteria. We utilize internal processes and procedures to identify a search list of selected mutual funds and ETFs. We utilize information obtained from rating and research providers (e.g., Morningstar, Callan, YCharts, etc.), business publications, fund prospectuses and other sources. As a general matter, the funds included in the search lists will be based upon the following factors: performance relative to peers and indices, risk, cost efficiency, style consistency, manager tenure, fund size and tax efficiency. For separate account money managers, we select and recommend managers based on factors that may include, but are not limited to, analysis of management, investment philosophy, investment style, historical performance, historical risk relationships, modern portfolio approaches and other factors with the client's investment objectives, risk tolerance and other client criteria. For money manager research and due diligence, we primarily utilize managers that have been screened through Callan's due diligence process, Schwab's Managed Account Select Program, and our own internal due diligence. Schwab’s “Managed Account Select” program is Schwab’s wrap fee program that enables you to choose institutional quality money managers that have been prescreened and researched by the Charles Schwab Investment Advisory, Inc. Charles Schwab Investment Advisory, Inc. (“CSIA”) provides the analysis and insight behind the core investment research at Charles Schwab & Co., Inc. Its research is responsible for many Schwab research products, such as Schwab Equity Ratings®, Schwab Industry Ratings and the Schwab Mutual Fund OneSource® Select List. Money managers are evaluated and monitored no less than quarterly for the Managed Account Select program by a team of investment professionals within CSIA who specialize in investment manager research. This team also chooses mutual funds for Schwab’s Mutual Fund OneSource Select List®. For more detailed information, refer to Schwab’s disclosure brochure entitled Schwab Managed Account Services for Clients of Independent Investment Advisors. - 10 - The Fairman Group, LLC  Investment Strategies Our primary investment strategy is founded on building a strategic asset allocation that is tailored to the unique needs, risk tolerance and financial situation of each client. Asset allocation is the process of dividing a portfolio among broad investment market categories called asset classes. This emphasis on asset allocation is based on research that indicates asset allocation policy is the primary determinant of your aggregate portfolio return. We work individually with each client to model various asset allocation possibilities to help them identify the allocation mix that best balances their expected return needs with their willingness and ability to tolerate risk. The portfolio allocation is generally implemented with passively managed core investments and actively managed investments that meet our screening policies described above. Portfolios are also diversified within each of the major traditional asset classes to reduce risk. We may also use alternative assets to improve the risk-return characteristics and diversification of a portfolio. The strategies used generally focus on specific themes: low correlation to traditional assets, reduced beta, and inflation protection. These strategies are primarily implemented using mutual funds. Where appropriate, clients may also opt for an allocation to less liquid investments to seek potential return enhancement in private equity and private credit funds. Total portfolio allocations to alternative assets range from 0-25% based on client suitability and comfort with specific strategies or alternative assets in general. Individuals typically face long-term yet multi-staged time horizons (accumulation, distribution, and transfer to future generations). Accordingly, we assist clients over this dynamic horizon with the process of monitoring and rebalancing their portfolio to stated allocation targets for the purpose of controlling risk. The risks associated with our asset allocation strategy include the following: • Future market results may differ from those expected in the allocation model • The relationship of underlying economic assumptions may change over time • Asset allocation may not result in a profit or prevent loss • Behavioral dynamics can lead investors to abandon an allocation strategy when the strategy may be most beneficial Risk of Loss Investing in securities involves risk, including possible loss of principal, that clients should be prepared to bear. Investors generally 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 values to decline. • Market Risk: The price of a security, bond, or mutual fund may drop in reaction to tangible and intangible events and conditions. This type of risk is - 11 - The Fairman Group, LLC  caused by external factors independent of a security’s particular underlying circumstances. For example, political, economic, and social conditions may trigger market events. • Correlation risk: Correlation risk is the risk that two assets will not move up or down in value as predicted. Correlation between stock price movements can also compound uncertainties. News pertaining to some stocks can trigger fluctuations in other stocks with a high correlation. • 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 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, which generates its income from a steady stream of customers who buy electricity no matter what the economic environment is like. • 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. • Margin Risk: Margin transactions are securities transactions in which an investor borrows money to purchase a security, and the security serves as collateral on the loan. If the value of the shares drops sufficiently, the investor may be required to either deposit more cash into the account or sell a portion of the stock in order to maintain the margin requirements of the account. This is known as a “margin call.” An investor’s overall risk includes the amount of money invested plus the amount that was loaned to them. - 12 - The Fairman Group, LLC  Item 9 – Disciplinary Information Legal and Disciplinary We are required to disclose any legal or disciplinary event that is material to a client’s (or prospective client’s) evaluation of the integrity of the advisor or its management personnel. - TFG has no disclosure information applicable to this item. Item 10 – Other Financial Industry Activities and Affiliations Financial Industry Activities Due to the potential conflicts of interest that may arise in certain financial industry activities, we are required to disclose if our firm or any of our management personnel are registered or have an application pending to register as any of the following: - broker-dealer or registered representative of a broker-dealer - futures commission merchant - commodity pool operator - commodity trading advisor - or an associated person with the foregoing entities The Fairman Group and its management personnel are not registered (and do not have any applications pending) for any of the above activities. We have no intention to register in the future. Affiliations Due to the potential conflicts of interest which may impair the objectivity of investment advice rendered, we are required to disclose if we have any arrangements that are material to our advisory business or its clients with a related person who is a: - broker-dealer, municipal securities dealer or government securities dealer or broker - investment company or other pooled investment vehicle - other investment advisor - financial planning firm - commodity pool operator, commodity trading advisor or futures commission merchant - banking or thrift institution - law firm, insurance company or agency - pension consultant, real estate broker or dealer - or an entity that creates or packages limited partnerships. - 13 - The Fairman Group, LLC  The firm and its management personnel are not affiliated with and do not have financial arrangements related to any of the entities and activities listed above. As of March 31, 2012, we formally segregated our investment advisory business from our accounting practice by separating the accounting practice into a separate entity. This separate entity, Fairman Group Family Office LLP dba Fairman Financial, is owned by its partners as set forth in Item 4 and is the 100% owner of our investment advisory business entity, The Fairman Group LLC. As a result, our tax, accounting, and other noninvestment advisory related services are rendered by Fairman Financial. This reorganizational change separated our service lines for compliance and supervisory purposes. There were no other changes to our business practices or fee arrangements. Both entities remain 100% fee-only and are not affiliated with any other product or service providers. Accordingly, we do not believe this change created any material conflict of interest for our clients. Recommendation and Selection of Other Investment Advisors We may recommend or select other investment advisors for our clients. However, we do not receive compensation from those advisors. We do not have any relationships with other advisors that would create a material conflict of interest. Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Code of Ethics The Fairman Group has adopted a written Code of Ethics as required under Rule 204A-1 of the Investment Advisers Act of 1940. This code was developed to provide formal ethical guidelines regarding our duties to our clients. It also establishes standards of professional conduct and personal trading policies. A copy of our Code of Ethics may be requested by contacting us at 610-889-7300. Our Code of Ethics and Compliance Manual requires all personnel of The Fairman Group and Fairman Financial to: • Act with integrity, competence, diligence, respect, and in an ethical manner with the public, clients, prospective clients, employers, employees, colleagues in the investment profession, and other participants in the global capital markets; • Place the integrity of the investment profession, the interest of clients, and the interests of the employer above one’s own personal interests; • Adhere to the fundamental standard that you should not take inappropriate advantage of your position; - 14 - The Fairman Group, LLC  • Avoid any actual or potential conflicts of interest; • Conduct all personal securities transactions consistent with our Personal Trading Policy; • Use reasonable care and exercise independent professional judgment when conducting investment analysis, making investment recommendations, taking investment actions, and engaging in other professional activities; • Practice and encourage others to practice in a professional and ethical manner that will reflect credit on yourself and the profession; • Promote the integrity of, and uphold the rules governing, capital markets; • Maintain and improve professional competence and strive to maintain and improve the competence of other investment professionals; • Comply with applicable provisions of the Federal securities laws. Participation or Interest in Client Transactions We do not possess a financial interest in the securities that are recommended to clients. We do not receive commissions, distribution fees, mark-ups or other compensation for transactions in the securities that we may recommend. Personal Trading We may own, buy and sell for our own personal accounts the same securities that may be recommended to clients. These transactions are unlikely to result in a conflict of interest as the transactions typically involve mutual funds or ETFs that are widely held and publicly traded. Additionally, such transactions are not of a size to impact the securities markets. If the possibility of a conflict of interest occurs, the client's interest will prevail. It is our policy that priority will always be given to the client's orders over the orders of our own personnel. Our personnel are required to comply with the provisions of The Fairman Group Compliance Manual. These provisions require pre-clearance authorization by the Managing Partner and/or the Compliance Officer for certain individual securities trading. TFG requires all personnel to report, at least quarterly, all security transactions made during the quarter and an annual statement of current beneficial investment holdings to the Compliance Officer. Item 12 – Brokerage Practices Brokers and Custodians That We Use The Fairman Group does not maintain custody of your assets on which we advise, although we may be deemed to have custody of your assets if you give us authority to withdraw assets from your account or if you utilize the check writing services of Fairman Financial (see Item 15 – Custody, below). Your assets must - 15 - The Fairman Group, LLC  be maintained in an account at a “qualified custodian,” generally a broker-dealer or bank. We recommend that Fairman Group clients use Charles Schwab & Co., Inc., a registered broker-dealer, member SIPC, as the qualified custodian. We are independently owned and operated and are not affiliated with Schwab. Schwab will hold your assets in a brokerage account and buy and sell securities when instructed. While we recommend that you use Schwab as custodian/broker, you will decide whether to do so and will open your account with Schwab by entering into an account agreement directly with them. We do not open an account for you, although we may assist you in doing so. Even though an account is maintained at Schwab, we can still use other brokers to execute trades for your account as described below (see “Your Brokerage and Custody Costs”). Selection of Brokers/Custodians and Best Trade Execution We seek to recommend a custodian/broker who will hold your assets and execute transactions on terms that are, overall, most advantageous when compared to other available providers and their services. Best trade execution practices include gathering relevant information, monitoring trading activities and periodically reviewing and evaluating the services provided by broker/dealers, research, commission rates, and overall relationships as well as the best overall qualitative execution. Costs are important in trading, we also consider a wide range of factors, including, among others: • Combination of transaction execution services and asset custody services (generally without a separate fee for custody) • Capability to execute, clear, and settle trades (buy and sell securities for your account) • Capability to facilitate transfers and payments to and from accounts (wire transfers, check requests, bill payment, etc.) • Breadth of available investment products (stocks, bonds, mutual funds, exchange-traded funds [ETFs], etc.) • Availability of investment research and tools that assist us in making investment decisions • Quality of services • Competitiveness of the price of those services (commission rates, margin interest rates, other fees, etc.) and willingness to negotiate the prices • Reputation, financial strength, and stability • Prior service to us and our other clients • Availability of other products and services that benefit us, as discussed below (see “Research, Products, and Services Available to Us”) Your Brokerage and Custody Costs For our clients’ accounts that Schwab maintains, Schwab generally does not charge you separately for custody services but is compensated by charging you commissions or other fees on trades that it executes or that settle into your Schwab account. Certain trades (for example, many mutual funds and ETFs) may - 16 - The Fairman Group, LLC  not incur Schwab commissions or transaction fees. Schwab is also compensated by earning interest on the uninvested cash in your account in Schwab’s Cash Features Program. For some accounts, Schwab charges a percentage of the dollar amount of assets in the account in lieu of commissions. Schwab’s commission rates and asset-based fees applicable to our client accounts were negotiated between The Fairman Group and Schwab. This benefits you because the overall commission rates you pay are lower than they would be otherwise. In addition to commissions and asset-based fees, Schwab charges a flat dollar amount as a “prime broker” or “trade away” fee for each trade that is executed by a different broker-dealer but where the securities bought or the funds from the securities sold are deposited (settled) into your Schwab account. These fees are in addition to the commissions or other compensation you pay the executing broker- dealer. Because of this, in order to minimize your trading costs, it may be beneficial to have Schwab execute most trades for your account. We have determined that having Schwab execute most trades is consistent with our duty to seek “best execution” of your trades, with a blend of execution services, commission costs and professionalism that will assist TFG in meeting our fiduciary obligations. Best execution means the most favorable terms for a transaction based on all relevant factors, including those listed above (see “How We Select Brokers/Custodians”). By using another broker or dealer you may pay lower transaction costs. Research, Products, and Services Available to Us TFG receives unsolicited research (broker-created or developed by a third-party) to aid us in investment decision-making. Receipt of these unsolicited reports is not contingent upon any level of brokerage business and TFG has not entered into any contract or agreement concerning these reports. TFG does not receive any research or products or services from any broker-dealer or third-party in connection with client securities transactions (“soft dollar benefits”). Schwab Advisor Services™ (formerly called Schwab Institutional®) is Schwab’s business serving independent investment advisory firms like us. They provide us and our clients with access to its institutional brokerage—trading, custody, reporting, and related services—many of which are not typically available to Schwab retail customers. However, certain retail investors may be able to get institutional brokerage services from Schwab without going through us. Schwab also makes available various support services. Some of those services help us manage or administer our clients’ accounts, while others help us manage and grow our business. Schwab’s support services generally are available on an unsolicited basis (we do not have to request them) and at no charge to us. Following is a more detailed description of Schwab’s support services: Services That Benefit You Schwab’s institutional brokerage services include access to a broad range of investment products, execution of securities transactions, and custody of client - 17 - The Fairman Group, LLC  assets. The investment products available through Schwab include some to which we might not otherwise have access or that would require a significantly higher minimum initial investment by our clients. Schwab’s services described in this paragraph generally benefit you and your account. Services That May Not Directly Benefit You Schwab also makes available to us other products and services that benefit us but may not directly benefit you or your account. These products and services assist us in managing and administering our clients’ accounts and operating our firm. They include investment research, both Schwab’s own and that of third parties. We may use this research to service all or a substantial number of our clients’ accounts, including accounts not maintained at Schwab. In addition to investment research, Schwab also makes available software and other technology that: • Provide access to client account data (such as duplicate trade confirmations and account statements) • Facilitate trade execution and allocate aggregated trade orders for multiple client accounts • Provide pricing and other market data • Facilitate payment of our fees from our clients’ accounts • Assist with back-office functions, recordkeeping, and client reporting Services That Generally Benefit Only Us Schwab also offers other services intended to help us manage and further develop our business enterprise. These services include: • Educational conferences and events • Consulting on technology, compliance, legal, and business needs • Publications and conferences on practice management and business succession • Access to employee benefits providers, human capital consultants, and insurance providers Schwab may provide some of these services itself. In other cases, it will arrange for third-party vendors to provide the services to us. Schwab may also discount or waive its fees for some of these services or pay all or a part of a third-party’s fees. Schwab may also provide us with other benefits, such as occasional business entertainment for our personnel. If you did not maintain your account with Schwab, we would be required to pay for these services from our own resources. Our Interest in Schwab’s Services The availability of these services from Schwab benefits us because we do not have to produce or purchase them. We do not have to pay for Schwab’s services. These services are not contingent upon us committing any specific amount of business to Schwab in trading commissions or assets in custody. We may have an incentive to recommend that you maintain your account with Schwab, based on our interest in receiving Schwab’s services that benefit our business rather than based on your interest in receiving the best value in custody services and the most favorable - 18 - The Fairman Group, LLC  execution of your transactions. This is a potential conflict of interest. We believe, however, that our selection of Schwab as custodian and broker is in the best interests of our clients. Our selection is primarily supported by the scope, quality, and price of Schwab’s services (see “How We Select Brokers/Custodians”) and not Schwab’s services that benefit only us. Soft Dollars The term ‘soft dollar arrangement’ describes a brokerage practice in which investment advisors use client brokerage commissions to pay for goods or services. This practice can create a conflict of interest when an incentive exists to select a broker-dealer based on an advisor’s interest in receiving the research or product, rather than on best trade execution for the client. - TFG has no soft-dollar arrangements. Brokerage for Client Referrals We do not pay for client referrals, and we do not participate in any sponsored referral program. Schwab offers such a program where advisors can pay them for referrals. To avoid potential conflict of interest, we have opted not to participate in Schwab’s advisor referral program and have no intentions to participate in the future. Directed Brokerage and Order Aggregation The Fairman Group does not have discretion in the selection of broker-dealers. For operational and other efficiencies, we recommend that clients use Schwab for brokerage and custody services. Separate Account Managers directing trades of individual securities are responsible for aggregation, allocation of trades and block trading. The Fairman Group may assist clients with trade execution of mutual funds, ETFs and other securities. In any accounts for which the Fairman Group has discretionary authority, TFG does not combine multiple orders for shares of the same securities (commonly referred to as “block trading”) or aggregate trades as it would not garner any material client benefit for such transactions. Clients may direct us to assist them with execution of trades at their selected broker-dealers. In this event, clients may pay higher transaction costs and may not receive certain benefits afforded to transactions executed at Schwab. Item 13 – Review of Accounts Periodic Reviews All client accounts are reviewed regularly and at least quarterly by a Partner or Manager investment adviser representative. Changes may be recommended for a client's asset allocation or the decision to retain or dismiss a money manager, mutual fund or ETF. Account reviews are performed by: - 19 - The Fairman Group, LLC  Douglas E. Morisoli, Partner Andrew R. Green, Senior Manager Marianne Inforzato, Partner Patrick R. Gorgonzola, Senior Manager Shawn P. Kindt, Managing Partner Kelley R. Taylor, Senior Manager Review Triggers Management of accounts is continuous so review may also be undertaken due to certain triggers internal or external to a client’s account(s). Factors triggering reviews or recommendations include changes in the client's situation, changes in market conditions, deposits or withdrawals of funds and changes in status of a manager, mutual fund or ETF held in an account. Other conditions that may trigger a review are changes in the tax laws, new investment information, and changes in a client's own situation. Regular Reports Clients are provided account statements directly from each respective custodian/ broker-dealer on a monthly or quarterly basis. TFG prepares reports as agreed upon with each client. We generally prepare a quarterly report detailing and comparing: • Current allocation against the stated target allocation • Actual performance of the portfolio against benchmarks • Actual performance of money managers and mutual funds against indices and peers Item 14 – Client Referrals and Other Compensation Client Referrals The Fairman Group does not engage solicitors or promoters and does not pay for referrals of potential clients to our firm. Pursuant to our Code of Ethics, we do not accept or allow our personnel to accept any form of compensation, including cash, awards, or other prizes, from a non-client in conjunction with the advisory services we provide to our clients. Other Compensation We receive an economic benefit from Schwab in the form of the support products and services it makes available to us and other independent investment advisors whose clients maintain their accounts at Schwab. You do not pay more for assets maintained at Schwab as a result of these arrangements. These products and services, how they benefit us, and the related conflicts of interest are described above (see Item 12 – Brokerage Practices). The availability to us of Schwab’s products and services is not contingent upon TFG giving particular investment advice, such as buying particular securities for our clients. - 20 - The Fairman Group, LLC  Item 15 – Custody Custody of Client Assets and Account Statements All client assets are held by qualified custodians; the Fairman Group does not take actual custody of client assets. However, The Fairman Group may be deemed by regulators to have custody of client assets through the debiting of advisory fees, utilization of check writing services of Fairman Financial, or because clients have granted general powers of attorney or other authority over their accounts to persons affiliated with The Fairman Group. As disclosed in the ‘Fees and Compensation’ section (Item 5), you have the option to authorize your custodian to debit our advisory fees directly from your accounts. If you elect this fee payment method, under government regulations, we are deemed to have custody of your assets. However, your custodian maintains actual custody of your assets. As part of our billing process, we advise the custodian of the amount of the fee to be deducted from each client account. You will receive an account statement directly from your custodian at least quarterly. These statements will be sent to the address you provided to your custodian (or to your email address if you opted for electronic delivery). You should carefully review your custodial statements promptly to verify their accuracy including any fee withdrawals. We also urge you to compare the account statements you receive from your custodian with any performance reports, net worth statements or other reports that you receive from us. In addition, as disclosed in Item 5 above, to the extent clients of The Fairman Group also utilize the check writing services of Fairman Financial, regulators deem The Fairman Group to have custody of the assets maintained in the checking accounts. The bank/custodian maintains actual custody of such checking account assets and will submit regular account statements directly to the client. Fairman Group Financial does not have check writing authority to debit checking accounts for advisory fees. Finally, when an investment advisor representative of The Fairman Group acts as a trustee for client trusts, an executor of a client estate, or exercises a General Power of Attorney over client accounts, The Fairman Group is deemed to have custody of client assets in those accounts. As a protection for clients whose assets are deemed to be under the custody of The Fairman Group, Rule 206(4)-2 of the Investment Advisers Act of 1940 requires the firm to be subject to an annual surprise examination by a qualified accounting firm. On at least an annual basis, an independent PCAOB accountant, Fischer Cunnane & Associates Ltd, performs a surprise examination to inspect and verify - 21 - The Fairman Group, LLC  the assets in accounts over which The Fairman Group is deemed to have custody. The Accountant Surprise Examination Report is then filed with the SEC. The most recent report was filed on August 28, 2024, and is available upon request. As always, you should contact us directly if you believe that there may be an error in any statements or reports. Standing Letters of Authorization When The Fairman Group has written authorization from the client, The Fairman Group may effect money transfers from a client's account to one or more third-parties designated by the client without obtaining consent for each individual transaction. This written authorization is commonly referred to as a Standing Letter of Authorization (“SLOA”). An adviser with the authority to conduct such transfers is deemed to have custody over the client's assets in the related accounts. The Fairman Group is not required to undergo a surprise annual audit, which is otherwise necessary for custody, as long as we meet the following conditions: 1. You provide signed written instructions to your qualified custodian (typically, Schwab) including the third party’s name, the third party’s address or the third party’s account number at a custodian to which the transfer should be directed. 2. You authorize us in writing to direct transfers to the third party either on a specific schedule or from time to time. 3. Your qualified custodian confirms your authorization (e.g., by reviewing the signature or other verification method) and provides a transfer of funds notice to you promptly after each transfer. 4. You can terminate or change the instruction to your custodian. 5. The Fairman Group has no authority or ability to change the identity of the third party, the address, or any other information about the third party. 6. The Fairman Group maintains records showing that the third party is not related to us and is not located at the same address as us. 7. Your qualified custodian sends you a written initial notice confirming the instruction and a written annual notice reconfirming the instruction. We confirm that The Fairman Group works with your qualified custodian to meet all the above conditions. Item 16 – Investment Discretion Discretionary Authority for Trading The Fairman Group has discretionary authority only over those client accounts specifically designated as discretionary accounts in the Investment Advisory Agreement. TFG intends to continue its practice of consulting the Client and - 22 - The Fairman Group, LLC  obtaining written authorization prior to executing any trades in accounts designated as discretionary. TFG may select the identity and amount of securities to be bought or sold, in a manner consistent with the written investment objectives and any written investment restrictions for the particular client account. In all non-discretionary accounts, as part of our supervisory responsibility, we help you arrange or effect purchases, sales or transfers with your custodian/broker or other financial institution. All transactions must be authorized by you. In the event transactions must be authorized by you with a signed Letter of Authorization (LOA), we may assist you in the preparation of such LOAs and deliver them for execution with your custodian/broker or other financial institution. Item 17 – Voting Client Securities Proxy Votes The Fairman Group does not vote proxies on behalf of our clients. Therefore, although we may provide investment advisory services relative to your investment assets, you maintain exclusive responsibility for directing the manner in which proxies are voted and responding to all elections relative to any mergers, acquisitions, tender offers, bankruptcy proceedings or other types of events pertaining to your investment assets. You should instruct each of your custodians to forward to you copies of all proxies and shareholder communications relating to your investment assets. If any separate account money managers are engaged for your portfolio, they will have their own proxy voting policy which will be discussed in their Form ADV disclosure. Item 18 – Financial Information Financial Condition The Fairman Group does not have any financial impairment that will preclude the firm from meeting contractual commitments to clients. A balance sheet is not required to be provided because The Fairman Group does not serve as a custodian for client funds or securities and does not require prepayment of fees of more than $1,200 per client, and six months or more in advance. - 23 - The Fairman Group, LLC  Other Items Business Continuity Plan General The Fairman Group has a Business Continuity Plan under Fairman Financial that provides detailed steps to mitigate and recover from the loss of office space, power, communications, services, and key personnel. Disasters The Business Continuity Plan covers natural disasters such as snowstorms, hurricanes, and flooding. The plan also covers other disasters such as loss of electrical power, water damage, fire, bomb threat, telecommunications outage, internet outage, or other disruptive incident. Electronic files are backed up daily and archived offsite. Alternate Offices Alternate work sites would be used to support ongoing operations in the event the main office is unavailable. It is our intention to contact all clients within five days in the event of a circumstance that dictates moving our office to an alternate location. With respect to data recovery, all electronic files are backed up daily to a secure offsite location. Information Security Fairman Financial maintains an information security program to reduce the risk that personal and confidential information may be breached. This program, which is also applicable to Fairman Group, employs firewalls, secure data encryption techniques and authentication procedures in our computer environment. Document Retention The Fairman Group and Fairman Financial will maintain all client documentation for the required period that records are required to be maintained by federal and state authorities. After that time, information may be destroyed. - 24 - The Fairman Group, LLC  Privacy Notice Fairman Financial respects our clients’ privacy and treats their privacy concerns seriously. As a trusted advisor to our clients, respecting privacy and confidentiality is vital to our business. This notice describes the current privacy policy and practices of both Fairman Group Family Office LLP dba Fairman Financial and its wholly owned registered investment advisory firm, The Fairman Group LLC (collectively, “Fairman Financial”), with respect to information we acquire about individuals who obtain or seek to obtain Fairman Financial’s assistance for personal, family or business purposes. Information We Collect About You We collect nonpublic personal information about you from:    Information we receive from you, including financial, investment and tax- related information; Information we receive from you about business holdings, real estate and other entities or enterprises in which you may hold an interest; Information we receive with your authorization from third parties, such as your other advisers and financial institutions where you have accounts; and Information relating to your transactions with us, our affiliates and others.  This information may include personal information such as your address, social security number and bank and other financial account numbers. How We Handle Your Personal Information We use your nonpublic personal information solely for the purpose of providing tax consulting, compliance and other professional advisory services to you. We take reasonable steps to keep confidential the information acquired. Our right to disclose the information is limited by our Code of Ethics, Regulation S-P (or other applicable regulations) and the Certified Financial Planner Board of Standards, Inc. (CFP Board). Fairman Financial does not disclose any nonpublic personal information about you, as our client or as a former client, to anyone without your permission, except as permitted or required by law. Where appropriate, information provided by us to nonaffiliated third parties who perform services for us, is subject to contractual agreements which prohibit these parties from disclosing or using the information other than for the purposes for which the information was disclosed. General Restrictions on Disclosure of Nonpublic Personal Information to Nonaffiliated Third Parties - 25 - The Fairman Group, LLC  As tax preparers, we are prohibited by Internal Revenue Code Section 7216 from disclosing your income tax return information without your consent, other than for the specific purpose of preparing, assisting in preparing or obtaining and providing services in connection with the preparation of an income tax return for you. Furthermore, as a firm complying with Regulation S-P and engaged in income tax preparation or financial planning and investment advice, we are generally prohibited from disclosing confidential client information about you to nonaffiliated third parties without your specific consent, other than for the purposes for which the information was disclosed to us. Some of the Reasons We May Disclose Information to Third Parties Include:  Initiating a complaint or responding to an inquiry made by the professional ethics division or trial board of the AICPA or duly constituted investigative or disciplinary body of another State CPA Society or Board of Accountancy.  A review of a professional practice of our firm in conjunction with a prospective purchase, sale, or merger of all or part of our practice, provided that we take appropriate precautions (for example, through a written confidentiality agreement) so the prospective purchaser does not disclose information obtained in the course of the review.  Participating in actual or threatened legal proceedings or alternative dispute resolution proceedings either initiated by or against us, provided we disclose only the information necessary to file, pursue, or defend against the lawsuit, and take reasonable precautions to ensure that the information disclosed does not become a matter of public record.  Providing information to third parties who perform services or functions for us pursuant to a contractual agreement which prohibits the third party from disclosing or using the information other than for the purposes for which the information was disclosed. Information Gathered By Notetaking Software With your consent, we may utilize AI driven notetaking software, Jump AI ("Jump"), during meetings to better manage our client service and regulatory needs to document meetings, identify follow-up actions, and prepare meeting summaries. We also believe this tool will enhance client service by enabling our advisers to be more client-focused by reducing the burden of manual note taking. Jump captures audio from your in-person and virtual meetings, then uses speech-to-text technology to transcribe these meetings. Jump then uses a type of generative AI technology called large language models (LLMs) to summarize raw meeting data into meeting notes, tasks, email drafts, and more. We will always seek your consent prior to activating Jump during a - 26 - The Fairman Group, LLC  meeting. You may also request to stop recording at any time Jump is enabled. With respect to information security, Jump complies with SOC2 standards, and uses modern security practices including end-to-end encryption for data in transit and at rest, multi-factor authentication, and more. Jump engages in regular security audits including SOC2 Type II, continuous monitoring of our controls via Vanta, third party penetration testing, and regular software updates. Jump hosts data on servers located in the United States in Iowa. Safeguarding Your Personal Information We restrict access to nonpublic personal information about you to those individuals who need to know that information to provide products or services to you and perform their respective duties. We maintain physical, electronic, and procedural security measures to safeguard confidential client information. Examples of how we safeguard client information digitally include the use of password protected systems, multi-factor authentication, updated anti-virus and anti-spyware software, and encrypted storage devices and software firewalls. When transmitting confidential personally identifiable information (PII), we offer and require the use of point-to-point encrypted portals or encrypted email. Children's Privacy We do not knowingly market to or solicit personal information from children under the age of 18. If we learn that we have received information directly from a child who is under the age of 18, we will delete the information in accordance with applicable law. Keeping You Informed As required by federal law, we will notify our clients of our privacy policy annually. We reserve the right to modify this privacy policy at any time, but we will provide you a revised notice incorporating any material changes before we implement such changes. You may receive more than one of these notices from Fairman Financial depending on the services Fairman Financial provides for you. If you have any questions about this notice or Fairman Financial’s information practices, please contact the senior member of your Fairman Financial service team by email or call our office at (610) 889-7300. We Value Your Trust In Our Firm We cannot emphasize enough how much we value the trust you place in our firm and in our employees. We understand that protecting your privacy is essential to maintaining your trust; and we commit that Fairman Financial will adhere to the above policies and practices. - 27 - The Fairman Group, LLC 

Item 1 – Cover Page Form ADV, Part 2B Firm Brochure Supplement THE FAIRMAN GROUP, LLC 1200 Liberty Ridge Drive, Suite 320 Chesterbrook, PA 19087 Phone: 610-889-7300 Fax: 610-889-7326 www.fairmanfinancial.com March 27, 2025 Investment Advisor Representative Title CRD# 4559776 Non-Equity Partner  Roy M. Fairman, CPA/PFS Partner(1)  Douglas E. Morisoli, CFA/CPA, CFP® 1341003 Partner(1)  Marianne Coccia Inforzato, CFP® 2573405 Managing Partner(1)  Shawn P. Kindt, CPA/PFS, CFP® 4559777 2542098 Principal  Ryan J. Gelrod, CFA  Kelley R. Taylor, CFP® 5422106 Senior Manager  Andrew R. Green, CFP® 5670948 Senior Manager  Patrick R. Gorgonzola, CFP®, CPWA® 6081977 Senior Manager  Samuel J. Mullen, CFP® 7214894 Senior Associate  Nathan L. Fullmer, CFP® Manager 6936167 Snr Client Service Associate 6904520  Samantha L. Lavrich 7496827 Senior Associate  Kyle D. French 7355311 Associate  Matthew S. Snyder Associate 7617113  Jason T. Kleinschmidt  Andrea M. Gorniok, CFP® Snr Client Service Associate 8054494 (1) The Partners of Fairman Group Family Office LLP dba Fairman Financial own 100% of The Fairman Group LLC and serve on its Investment Advisory Board. This brochure supplement provides information about our personnel listed above that supplements The Fairman Group’s Form ADV Part 2 brochure. You should have received a copy of that brochure. Please contact Douglas E. Morisoli, Partner and Chief Compliance Officer, at 610-889-7300 if you did not receive The Fairman Group’s brochure or if you have any questions about the contents of this supplement. A Summary of Professional Designations is also included with this Part 2B Brochure Supplement. This list is provided to assist you in evaluating the professional designations held by our professionals. Additional information about our personnel is available on the SEC’s website at www.adviserinfo.sec.gov. The Fairman Group, LLC  Name: Roy M. Fairman, CPA/PFS Non-Equity Partner CRD # 4559776 Item 2 – Educational Background and Business Experience Year of Birth: 1945 Formal Education after High School:  Gettysburg College - BA in Biology, 1968  Wharton Grad School-MBA in Management, 1973 Business Background:  May 29, 2024, to Present Non-Equity Partner, Fairman Group Family Office LLP  March 12, 2012 to May 29, 2024 Managing Partner, Fairman Group Family Office LLP  June 2002 to March 30, 2012 Principal, The Fairman Group LLC  May 1973 through December 2001 Partner, Arthur Andersen LLP Item 3 – Disciplinary Information None Item 4 – Other Business Activities None Item 5 – Additional Compensation None Item 6 – Supervision Roy M. Fairman is supervised and monitored by the Investment Advisory Board. The Board is comprised of the Members noted on the cover page. You may contact a Member of the Investment Advisory Board at 610-889-7300. - 1 - The Fairman Group, LLC  Name: Douglas E. Morisoli, CFA, CPA, CFP® Partner CRD # 1341003 Item 2 – Educational Background and Business Experience Year of Birth: 1962 Formal Education after High School:  UCLA – BA Economics/Business, 1989 Business Background:  March 31, 2012, to Present Partner, Fairman Group Family Office LLP  June 2002 to March 30, 2012 Principal, The Fairman Group LLC  July 2001 to May 2002 Senior Manager, Arthur Andersen LLP  January 1998 to June 2001 Senior Manager, The Vanguard Group  August 1989 to December 1997 Manager, Arthur Andersen LLP Item 3 – Disciplinary Information None Item 4 – Other Business Activities None Item 5 – Additional Compensation None Item 6 – Supervision Douglas E. Morisoli is the Chief Investment Officer and Chief Compliance Officer. He is supervised and monitored by the Investment Advisory Board. The Board is comprised of the Members noted on the cover page. You may contact a Member of the Investment Advisory Board at 610-889-7300. - 2 - The Fairman Group, LLC  Name: Marianne Coccia Inforzato, CFP® Partner CRD # 2573405 Item 2 – Educational Background and Business Experience Year of Birth: 1971 Formal Education after High School:  University of Pennsylvania - Wharton School – BS Economics, 1993 Business Background:  March 31, 2012, to Present Partner, Fairman Group Family Office LLP  June 2002 to March 30, 2012 Principal, The Fairman Group LLC  May 1993 to May 2002 Manager, Arthur Andersen LLP Item 3 – Disciplinary Information None Item 4 – Other Business Activities None Item 5 – Additional Compensation None Item 6 – Supervision Marianne Inforzato is supervised and monitored by the Investment Advisory Board. The Board is comprised of the Members noted on the cover page. You may contact a Member of the Investment Advisory Board at 610-889-7300. - 3 - The Fairman Group, LLC  Name: Shawn P. Kindt, CPA/PFS, CFP® Managing Partner CRD # 4559777 Item 2 – Educational Background and Business Experience Year of Birth: 1973 Formal Education after High School:  Drexel University - BS in Accounting, 1996  St. Joseph’s University – MS Financial Services, 2004 Business Background:  January 1, 2025, to Present Managing Partner, Fairman Group Family Office LLP  March 31, 2012, to December 31, 2024 Partner, Fairman Group Family Office LLP  June 2002 to March 30, 2012 Principal, The Fairman Group LLC  September 1996 to May 2002 Manager, Arthur Andersen LLP Item 3 – Disciplinary Information None Item 4 – Other Business Activities Shawn P. Kindt acts as an executor and trustee to a non-family member. Conflicts of interest have been disclosed to The Fairman Group and to other interested parties. Item 5 – Additional Compensation None Item 6 – Supervision Shawn P. Kindt is supervised and monitored by the Investment Advisory Board. The Board is comprised of the Members noted on the cover page. You may contact a Member of the Investment Advisory Board at 610-889-7300. - 4 - The Fairman Group, LLC  Name: Ryan J. Gelrod, CFA Principal CRD # 2542098 Item 2 – Educational Background and Business Experience Year of Birth: 1971 Formal Education after High School:  Lehigh University - BS Finance, 1993 Business Background:  January 1, 2015, to Present Principal, The Fairman Group LLC  October 1, 2012 to December 31, 2014 Senior Manager, The Fairman Group LLC  February 2009 to September 2012 Chief Investment Officer, Aegis Capital Management LLC  March 2008 to May 2008 Senior Credit Analyst, Diamond Lake Investment Group  November 2006 to March 2008 Vice President, Deutsche Asset Management  January 2002 to January 2004 Vice President, Goldman Sachs Asset Management  June 1996 to January 2002 Vice President, J.P. Morgan Securities  May 1994 to June 1996 Assistant Vice President, Merrill Lynch & Co. Item 3 – Disciplinary Information None Item 4 – Other Business Activities None Item 5 – Additional Compensation None Item 6 – Supervision Ryan J. Gelrod is supervised and monitored by the Investment Advisory Board. The Board is comprised of the Members noted on the cover page. You may contact a Member of the Investment Advisory Board at 610-889-7300. - 5 - The Fairman Group, LLC  Name: Kelley R. Taylor, CFP® Senior Manager CRD # 5422106 Item 2 – Educational Background and Business Experience Year of Birth: 1983 Formal Education after High School:  Drexel University - BS In Business Administration, 2006 Business Background:  January 1, 2019, to Present Senior Manager, The Fairman Group LLC  March 31, 2012, to December 31, 2018 Manager, The Fairman Group LLC  July 2006 to March 30, 2012 Senior Associate, The Fairman Group LLC Item 3 – Disciplinary Information None Item 4 – Other Business Activities None Item 5 – Additional Compensation None Item 6 – Supervision Kelley R. Taylor is supervised and monitored by the Investment Advisory Board. The Board is comprised of the Members noted on the cover page. You may contact a Member of the Investment Advisory Board at 610-889-7300. - 6 - The Fairman Group, LLC  Name: Andrew R. Green, CFP® Senior Manager CRD # 5670948 Item 2 – Educational Background and Business Experience Year of Birth: 1985 Formal Education after High School:  West Chester University of PA – BS in Accounting, 2008 Business Background:  January 1, 2020, to Present Senior Manager, The Fairman Group LLC  January 1, 2014, to December 31. 2019 Manager, The Fairman Group LLC  March 31, 2012, to December 31, 2013 Senior Associate, The Fairman Group LLC  January 2009 to March 30, 2012 Associate, The Fairman Group LLC Item 3 – Disciplinary Information None Item 4 – Other Business Activities None Item 5 – Additional Compensation None Item 6 – Supervision Andrew R. Green is supervised and monitored by the Investment Advisory Board. The Board is comprised of the Members noted on the cover page. You may contact a Member of the Investment Advisory Board at 610-889-7300. - 7 - The Fairman Group, LLC  Name: Patrick R. Gorgonzola, CFP®, CPWA® Senior Manager CRD # 6081977 Item 2 – Educational Background and Business Experience Year of Birth: 1989 Formal Education after High School:  Penn State University – BS in Management & Organization, 2012 Business Background:  January 1, 2024, to Present Senior Manager, The Fairman Group LLC  January 1, 2020, to December 2023 Manager, The Fairman Group, LLC  September 2016 to December 2019 Senior Associate, The Fairman Group LLC  July 2014 to August 2016 Financial Advisor, The Vanguard Group  June 2012 to July 2014 Investment Professional, The Vanguard Group Item 3 – Disciplinary Information None Item 4 – Other Business Activities None Item 5 – Additional Compensation None Item 6 – Supervision Patrick R. Gorgonzola is supervised and monitored by the Investment Advisory Board. The Board is comprised of the Members noted on the cover page. You may contact a Member of the Investment Advisory Board at 610-889-7300. - 8 - The Fairman Group, LLC  Name: Samuel J. Mullen, CFP® Senior Associate CRD # 7214894 Item 2 – Educational Background and Business Experience Year of Birth: 1997 Formal Education after High School:  Temple University – BS in Financial Planning, 2019 Business Background:  January 1, 2022, to Present Senior Associate, The Fairman Group LLC  November 2019 to December 31, 2021 Associate, The Fairman Group LLC Item 3 – Disciplinary Information None Item 4 – Other Business Activities None Item 5 – Additional Compensation None Item 6 – Supervision Samuel J. Mullen is supervised and monitored by the Investment Advisory Board. The Board is comprised of the Members noted on the cover page. You may contact a Member of the Investment Advisory Board at 610-889-7300. - 9 - The Fairman Group, LLC  Name: Nathan L. Fullmer, CFP® Manager CRD # 6936167 Item 2 – Educational Background and Business Experience Year of Birth: 1998 Formal Education after High School:  Drexel University – BS in Business Administration, 2020 Business Background:  January 1, 2025 to Present Manager, The Fairman Group LLC  January 1, 2023, to December 31, 2024 Senior Associate, The Fairman Group LLC  January 2021 to December 31, 2022 Associate, The Fairman Group LLC Item 3 – Disciplinary Information None Item 4 – Other Business Activities None Item 5 – Additional Compensation None Item 6 – Supervision Nathan L. Fullmer is supervised and monitored by the Investment Advisory Board. The Board is comprised of the Members noted on the cover page. You may contact a Member of the Investment Advisory Board at 610-889-7300. - 10 - The Fairman Group, LLC  Name: Samantha L. Lavrich Senior Client Service Associate CRD # 6904520 Item 2 – Educational Background and Business Experience Year of Birth: 1996 Formal Education after High School:  Wagner College – BS in Business Administration, 2018 Business Background:  January 1, 2023, to Present Senior Client Service Associate, The Fairman Group LLC  October 2021 to December 31, 2022 Client Service Associate, The Fairman Group LLC  January 2018 to September 2021 Registered Client Associate, Merrill Lynch Item 3 – Disciplinary Information None Item 4 – Other Business Activities None Item 5 – Additional Compensation None Item 6 – Supervision Samantha L. Lavrich is supervised and monitored by the Investment Advisory Board. The Board is comprised of the Members noted on the cover page. You may contact a Member of the Investment Advisory Board at 610-889-7300. - 11 - The Fairman Group, LLC  Name: Kyle D. French Senior Associate CRD # 7496827 Item 2 – Educational Background and Business Experience Year of Birth: 2000 Formal Education after High School:  Castleton University – BS in Accounting and Management, 2022 Business Background:  January 1, 2025, to Present Senior Associate, The Fairman Group LLC  September 2022 to December 31, 2024 Associate, The Fairman Group LLC Item 3 – Disciplinary Information None Item 4 – Other Business Activities None Item 5 – Additional Compensation None Item 6 – Supervision Kyle D. French is supervised and monitored by the Investment Advisory Board. The Board is comprised of the Members noted on the cover page. You may contact a Member of the Investment Advisory Board at 610-889-7300. - 12 - The Fairman Group, LLC  Name: Matthew S. Snyder Associate CRD # 7355311 Item 2 – Educational Background and Business Experience Year of Birth: 2000 Formal Education after High School:  Ursinus College - BA In Applied Economics, 2022 Business Background:  April 2, 2024 – Present Associate, The Fairman Group LLC  May 15, 2022, to March 30, 2024 Financial Advisor, Prudential Financial  May 16, 2021, to August 18, 2021 College Financial Representative Intern, Northwestern Mutual Item 3 – Disciplinary Information None Item 4 – Other Business Activities None Item 5 – Additional Compensation None Item 6 – Supervision Matthew S. Snyder is supervised and monitored by the Investment Advisory Board. The Board is comprised of the Members noted on the cover page. You may contact a Member of the Investment Advisory Board at 610-889-7300. - 13 - The Fairman Group, LLC  Name: Jason T. Kleinschmidt Associate CRD# 7617113 Item 2- Educational Background and Business Experience Year of Birth: 2001 Formal Education after High School:  La Salle University – BS in Business Administration, 2023 Business Background:  November 2023 to Present Associate, The Fairman Group LLC Item 3- Disciplinary Information None Item 4- Other Business Activities None Item 5- Additional Compensation None Item 6- Supervision Jason T. Kleinschmidt is supervised and monitored by the Investment Advisory Board. The Board is comprised of the Members noted on the cover page. You may contact a Member of the Investment Advisory Board at 610-889-7300 - 14 - The Fairman Group, LLC  Name: Andrea M. Gorniok, CFP® Senior Client Service Associate CRD# 8054494 Item 2- Educational Background and Business Experience Year of Birth: 1987 Formal Education after High School:  Fordham University – BA in International Political Economy & Spanish Language & Literature 2009  University of Massachusetts, Boston – MS in Finance 2020 Business Background:  March 3, 2025 to Present Senior Associate, The Fairman Group LLC  July 1, 2021 to February 22, 2025 Associate, Dakota Wealth Management  August 17, 2020 to June 30, 2021 Persimmon Capital Management Item 3- Disciplinary Information None Item 4- Other Business Activities None Item 5- Additional Compensation None Item 6- Supervision Andrea M. Gorniok is supervised and monitored by the Investment Advisory Board. The Board is comprised of the Members noted on the cover page. You may contact a Member of the Investment Advisory Board at 610-889-7300 - 15 - The Fairman Group, LLC  Summary of Professional Designations This information is provided to assist you in evaluating the professional designations and minimum requirements of our investment professionals to obtain and hold these designations. “Understanding Professional Designations” is a resource maintained on the FINRA website. This site has information on other designations in addition to those described below. For information go to: http://apps.finra.org/DataDirectory/1/prodesignations.aspx CERTIFIED FINANCIAL PLANNER™(CFP®) 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 62,000 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 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 - 16 - The Fairman Group, LLC   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 the CFP Board’s enforcement process, which could result in suspension or permanent revocation of their CFP® certification. To learn more about the CFP® certification, visit www.cfp.net CHARTERED FINANCIAL ANALYST (CFA) The Chartered Financial Analyst (CFA) charter is a globally respected, graduate-level investment credential established in 1962 and awarded by CFA Institute — the largest global association of investment professionals. There are currently more than 90,000 CFA charterholders working in 134 countries. To earn the CFA charter, candidates must: 1) pass three sequential, six-hour examinations; 2) have at least four years of qualified professional investment experience; 3) join CFA Institute as members; and 4) commit to abide by, and annually reaffirm, their adherence to the CFA Institute Code of Ethics and Standards of Professional Conduct. High Ethical Standards The CFA Institute Code of Ethics and Standards of Professional Conduct, enforced through an active professional conduct program, require CFA charterholders to: • Place their clients’ interests ahead of their own • Maintain independence and objectivity • Act with integrity • Maintain and improve their professional competence • Disclose conflicts of interest and legal matters - 17 - The Fairman Group, LLC  Global Recognition Passing the three CFA exams is a difficult feat that requires extensive study (successful candidates report spending an average of 300 hours of study per level). Earning the CFA charter demonstrates mastery of many of the advanced skills needed for investment analysis and decision making in today’s quickly evolving global financial industry. As a result, employers and clients are increasingly seeking CFA charterholders—often making the charter a prerequisite for employment. Additionally, regulatory bodies in 22 countries and territories recognize the CFA charter as a proxy for meeting certain licensing requirements, and more than 125 colleges and universities around the world have incorporated a majority of the CFA Program curriculum into their own finance courses. Comprehensive and Current Knowledge The CFA Program curriculum provides a comprehensive framework of knowledge for investment decision making and is firmly grounded in the knowledge and skills used every day in the investment profession. The three levels of the CFA Program test a proficiency with a wide range of fundamental and advanced investment topics, including ethical and professional standards, fixed-income and equity analysis, alternative and derivative investments, economics, financial reporting standards, portfolio management and wealth planning. The CFA Program curriculum is updated every year by experts from around the world to ensure that candidates learn the most relevant and practical new tools, ideas, and investment and wealth management skills to reflect the dynamic and complex nature of the profession. To learn more about the CFA charter, visit www.cfainstitute.org CERTIFIED PUBLIC ACCOUNTANT (CPA) CPAs are licensed and regulated by their state boards of accountancy. While state laws and regulations vary, the education, experience and testing requirements for licensure as a CPA generally include minimum college education (typically 150 credit hours with at least a baccalaureate degree and a concentration in accounting), minimum experience levels (most states require at least one year of experience providing services that involve the use of accounting, attest, compilation, management advisory, financial advisory, tax or consulting skills, all of which must be achieved under the supervision of or verification by a CPA), and successful passage of the Uniform CPA Examination. In order to maintain a CPA license, states generally require the completion of 40 hours of continuing professional education (CPE) each year (or 80 hours over a two-year period or 120 hours over a three-year period). Additionally, all American Institute of Certified Public Accountants (AICPA) members are required to follow a rigorous Code of Professional Conduct which requires that they act with integrity, objectivity, due care, competence, fully disclose any conflicts of interest (and obtain client consent if a conflict exists), maintain client confidentiality, disclose to the - 18 - The Fairman Group, LLC  client any commission or referral fees, and serve the public interest when providing financial services. The vast majority of state boards of accountancy have adopted the AICPA’s Code of Professional Conduct within their state accountancy laws or have created their own. To learn more about the CPA license, visit www.aicpa.org PERSONAL FINANCIAL SPECIALIST (PFS) The PFS credential demonstrates that an individual has met the minimum education, experience and testing required of a CPA in addition to a minimum level of expertise in personal financial planning. To attain the PFS credential, a candidate must hold an unrevoked CPA license, fulfill 3,000 hours of personal financial planning business experience, complete 80 hours of personal financial planning CPE credits, pass a comprehensive financial planning exam and be an active member of the AICPA. A PFS credential holder is required to adhere to AICPA’s Code of Professional Conduct and is encouraged to follow AICPA’s Statement on Responsibilities in Financial Planning Practice. To maintain their PFS credential, the recipient must complete 60 hours of financial planning CPE credits every three years. The PFS credential is administered through the AICPA. To learn more about the PFS designation, visit www.aicpa.org CERTIFIED PRVIATE WEALTH ADVISOR® (CPWA®) The CPWA® designation signifies that an individual has met initial and on-going experience, ethical, education, and examination requirements for the professional designation, which is centered on private wealth management topics and strategies for high-net-worth clients. Prerequisites for the CPWA® designation are: A Bachelor’s degree from an accredited college or university or one of the following designations or licenses: CIMA®, CIMC®, CFA®, CFP®, ChFC®, or CPA® license; have an acceptable regulatory history as evidenced by FINRA Form U-4 or other regulatory requirements and five years of professional client-centered experience in financial services or a related industry. CPWA® designees have completed a rigorous educational process that includes self-study requirements, an in-class education component, and successful completion of a comprehensive examination. CPWA® designees are required to adhere to Investments & Wealth Institute™’s Code of Professional Responsibility and Rules and Guidelines for the use of the Marks. CPWA® designees must report 40 hours of continuing education credits, including two ethics hours every two years to maintain the certification. The designation is administered through the Investments & Wealth Institute™. To learn more about the CPWA® designation, visit www.investmentsandwealth.org - 19 - The Fairman Group, LLC