The L. Warner Companies, Inc. is an independent Registered Investment Advisor founded in December 1992 by Lee W. Warner. The firm specializes in providing investment management and financial planning services to individuals, as well as consulting and administration services to corporations, non-profits, and other business entities. As of December 31, 2024, the firm managed $744,609,071 on a discretionary basis and advised on $256,007,210 in corporate sponsored plan assets. TWC's investment management services are tailored to individual client needs and include continuous account reviews. TWC's fee structure includes a maximum annual fee of 1.5% of assets under management, which is negotiable. Financial planning fees typically range from $1,000 to $25,000 and are based on the complexity of the analysis. The firm primarily invests in equities, fixed income products, mutual funds, and ETFs, with some portfolios also including stock options. TWC does not charge performance fees and does not participate in wrap fee programs. The firm primarily serves high-net-worth individuals, associated trusts, estates, and pension and profit sharing plans. The minimum account size is generally $500,000 but is negotiable. TWC exercises investment discretion over client accounts, with clients having the freedom to impose restrictions on their accounts. Clients' assets are held with Charles Schwab & Co., and TWC receives certain products and services from Schwab. TWC does not exercise voting authority regarding proxies on clients' behalf. The firm's investment strategies focus on long-term horizons and risk management across various asset classes. TWC and its employees have not been subject to any disciplinary actions.

Hergenroeder Financial Advisors, Inc. is a registered investment adviser established in June 1999 in Maryland. The firm is owned by Rebecca M. Hergenroeder and Lisa A. Hergenroeder, with Rebecca serving as the President. They offer portfolio management services tailored to meet clients' needs and investment objectives. Clients can engage the firm for discretionary and/or non-discretionary investment advisory services on a fee basis, with fees based on a percentage of assets under management. The firm's investment strategy focuses on asset allocation to optimize risk-adjusted performance, primarily utilizing mutual funds and ETFs based on client risk tolerances. They offer financial planning and consulting services on a separate fee basis. The firm may recommend the services of other professionals for implementation purposes, including insurance products. Hergenroeder Financial Advisors, Inc. does not participate in wrap fee programs and had $282,693,589 in assets under management as of December 31, 2024. The firm acts as a fiduciary, providing investment discretion for client accounts. Clients receive account statements directly from the custodian and are encouraged to review financial plans annually. The firm does not vote client proxies and does not solicit fees more than $1,200 in advance. For any questions or clarifications, clients can contact the Chief Compliance Officer, Rebecca Hergenroeder.