Reynolds Capital Management, LLC

Reynolds Capital Management, LLC (RCM) was established in 1985 by Frederick Reynolds and specializes in managing taxable and tax-free investment portfolios focused on equity and fixed income investments, as well as short-term cash management. RCM tailors its advisory services to individual client objectives, determining daily securities transactions based on client circumstances. The firm manages separately managed accounts and serves as the investment advisor to the Reynolds Blue Chip Growth Fund (Blue Chip Fund), a no-load mutual fund. As of December 31, 2022, RCM had $63,000,000 in assets under management. For separately managed accounts, fees are based on total assets, ranging from 1.50% for portfolios up to $500,000 to 0.75% for portfolios over $4,000,000. Clients may choose to have fees deducted from their portfolios or be billed. Additionally, clients may invest in the Blue Chip Fund without incurring a separate management fee. RCM does not accept compensation for the sale of securities or other investment products. RCM generally advises individuals, retirement plans, trusts, and investment companies, with a minimum initial investment of $300,000 for separately managed accounts and $1,000 for the Blue Chip Fund. The firm's investment strategy emphasizes U.S.-based equity securities, fundamental analysis, and long-term investing in a diversified portfolio of common stocks. RCM does not vote proxies for separately managed clients but does so for the Blue Chip Fund. The firm has had no legal or disciplinary events since its establishment.