Cannon Wealth Management Services, LLC (“CWMS” or the “Firm”) is a limited liability company organized in the State of North Carolina. CWMS is an investment advisory firm registered with the United States Securities and Exchange Commission (“SEC”). CWMS is wholly owned by William Amburn, Matthew Hearn, Joseph Perkins and Raymond Wilcox. The CWMS Wrap Fee Program (the “Program”) is an investment advisory program sponsored by CWMS. This Brochure describes the Program as it relates to clients receiving services through the Program. The Program is only made available to clients of CWMS who received advisory services from CWMS personnel while such personnel were investment adviser representatives of a non-affiliated investment adviser (the “Transition Clients”). The provision of investment management services through the CWMS Wrap Fee Program is limited to the Transition Clients. In addition to the Program, the Firm offers a variety of advisory services, which include financial planning and consulting services, family office services and investment management services under different arrangements then those described in this Brochure. Information about these services is contained in the Firm’s Form ADV Part 2A. New clients of CWMS, who are not Transition Clients, are not provided investment management and other services through the Program. A. Description of the Program CWMS provides investment management services as the sponsor and manager of the Program. The Program utilizes registered mutual funds and exchange traded funds (“ETFs”), but will also utilize equity securities, corporate bonds, REITS, private funds/alternative investments and variable annuities, among others, if we determine such investments fit within a client’s objectives and are in the best interest of our clients. Under the Program the client pays a single fee (“Program Fee”) for CWMS’s investment advice, custody and commissions for securities transactions executed through the Program custodian/broker-dealer, as described below. See Additional Fees and Expenses below for information regarding fees and expenses not included in the Program Fee. As part of the Program, CWMS may further recommend to clients that all or a portion of their investment portfolio be managed on a discretionary basis by one or more unaffiliated money managers or investment platforms (“External Managers”). The client may be required to enter into a separate agreement with the External Manager(s), which will set forth the terms and conditions of the client’s engagement of the External Manager. CWMS generally renders services to the client relative to the discretionary selection of External Managers. CWMS also assists in establishing the client’s investment objectives for the assets managed by External Managers, monitors and reviews the account performance and defines any restrictions on the account. The investment management fees charged by the designated External Managers, are exclusive of, and in addition to, the annual advisory fee charged by CWMS. Commissions for securities transactions at the direction of an External Manager executed at Schwab, as defined below, are included in the Program Fee. Any commissions for securities transactions at the direction of an External Manager executed at a broker-dealer/custodian other than Schwab are in addition to the Program Fee. Prior to receiving services under the Program, clients are required to enter into a written agreement with CWMS setting forth the relevant terms and conditions of the advisory relationship. Client must also open a securities brokerage account and complete a new account agreement with Charles Schwab & Co., Inc. (“Schwab”), which is a “qualified custodian” as that term is described in Rule 206(4)-2 of the Investment Advisers Act of 1940. Note for IRA and Retirement Plan Clients: When CWMS provides investment advice to you regarding your retirement plan account or individual retirement account, CWMS is a fiduciary within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which

are laws governing retirement accounts. The way CWMS makes money creates some conflicts with your interests, so CWMS operates under a special rule that requires CWMS to act in your best interest and not put CWMS’s interest ahead of yours. B. The Program Fee The Program Fee covers CWMS’s advisory services, custody and commissions for securities transactions effected through Schwab, whether on the instruction of CWMS or an External Manager. The Program Fee does not cover the investment management fees charged by the designated External Managers. The number of transactions made in clients’ accounts, the size of the accounts, and the securities used to construct a portfolio, as well as the commissions charged for each transaction, determines the relative cost of the Program versus paying for execution on a per transaction basis and paying a separate fee for advisory services. Participants in the Program may pay a higher or lower aggregate fee than if the investment management and brokerage services are purchased separately. CWMS does not charge its clients higher advisory fees based on their trading activity, but clients should be aware that CWMS may have an incentive to limit its trading activities in client accounts because CWMS is charged for executed trades. CWMS addresses this conflict of interest by this disclosure and by its policies and procedures which work to ensure that accounts are managed in accordance with clients’ goals and objectives without consideration of trading costs incurred by CWMS. Cash Positions At any specific point in time, depending upon perceived or anticipated market conditions or events (there being no guarantee that such anticipated market conditions/events will occur), CWMS may maintain cash positions for defensive or other purposes. All cash positions (money markets, etc.) will be included as part of assets under management for purposes of calculating the Program Fee. Additional Fees and Expenses In addition to the Program Fee, clients will be responsible for transfer taxes, odd lot differentials, exchange fees, interest charges, ADR processing fees and any charges, taxes or other fees mandated by any federal, state or other applicable law, retirement plan account fees (where applicable), electronic fund and wire fees. Furthermore, CWMS fees do not cover transaction fees or “trade away” fees imposed for trades placed away from Schwab. Fee Schedule CWMS charges an annual Program Fee that is agreed upon with each client and set forth in an agreement executed by CWMS and the client. The Program Fee is based on a percentage of the value of assets under management and the Program Fee for the initial month shall be paid, on a pro rata basis, in arrears, based on the average daily balance of the net billable assets under management at the end of such initial month. For subsequent months, the Program Fee shall be paid, in arrears, based on the average daily balance of the net billable assets under management at the end of that month, as provided by third-party sources, such as pricing services, custodians, fund administrators, and client-provided sources. The maximum annual Program Fee is 1.80%. As described above, the Program is only made available to Transition Clients. The Program Fee for Transition Clients are a continuation of each individual Transition Client’s fee schedule with the non-affiliate investment adviser through which CWMS personnel previously provided investment advisory services pursuant to a wrap fee program. The Program Fee charged by the Firm will apply to all of the client’s assets in the Program, unless specifically excluded in the client agreement. The Program Fee does not cover the investment management fees charged by the designated External Managers. Although CWMS believes that its fees are competitive, clients should understand that lower fees for comparable services may be available from other sources and firms. C. Compensation for Recommending the Program CWMS does not have any arrangements where it receives an economic benefit from a third party for recommending the Program.