Firm Description Beaton Management was formed in 1981 to provide investment and financial management services to individuals, families, trusts, foundations, estates, corporations and employee benefit plans. There are currently two full-time employees, an Investment Advisor and a Client Service Manager. Our business objective is primarily to provide comprehensive wealth management services. Beaton Management works with clients to define financial objectives and to develop strategies for reaching those objectives. The firm’s compensation is solely from fees paid directly by clients. The firm does not receive commissions based on the client’s purchase of any financial product. No commissions in any form are accepted. No referral fees are paid or accepted. No benefits are received from custodians based on client securities transactions (“soft dollar benefits”). Assets under the direct management of Beaton Management are held by independent custodians in the client’s name. Beaton Management is not affiliated with any firms in the brokerage, insurance, or banking industries. This focus on investment and financial management on a fee basis effectively removes the potential conflicts of interest that other firms may encounter. We may recommend other professionals (e.g., lawyers, accountants, insurance agents, real estate agents, etc.) at the request of the client. Other professionals are engaged directly by the client on an as-needed basis even when recommended to the client. Conflicts of interest will be disclosed to

the client and managed in the best interest of the client. Principal Owners Terrence A. Beaton is 100% stockholder of Beaton Management. There are no intermediate subsidiaries. Advisory Services The primary service of Beaton Management is to provide investment advisory services. As part of this asset management function, we often offer financial planning services. In performing its services, Beaton Management is not required to verify any information received from the client or from the client’s other professionals. Each client is advised that it remains his/her responsibility to promptly notify Beaton Management when there is any change in his/her financial situation and/or financial objectives for the purpose of reviewing, evaluating, or revising previous recommendations and/or services. Tailored Relationships At Beaton Management, advisory services are tailored to the individual needs of clients. Client goals and objectives are clarified in meetings and via correspondence and are used to determine the course of action for each individual client. Clients may impose restrictions on investing in certain securities or types of securities. This must be done in writing and be signed by the client and Beaton Management. Agreements may not be assigned without client consent. Managed Assets As of December 31, 2023, Beaton Management managed approximately $346,000,000 in assets for about 145 clients. Approximately $337,000,000 is managed on a discretionary basis and $9,000,000 on a non-discretionary basis.