Carolinas Wealth Consulting, LLC (“CWC”) was established in September 2018 and approved as a Registered Investment Adviser in May 2019. Prior to this, advisory services were offered through our affiliate Carolinas Investment Consulting, approved in 2001. George H. Edmiston, Jr. is its CEO and 89% owner. CWC may furnish discretionary and non-discretionary investment advice through individual consultations on a fee-for-service or fixed-fee basis. In order to determine a suitable course of action for a client, CWC shall review such variables as investment objectives, consideration of financial condition, income and tax status, personal and business assets, risk profile and other factors unique to the client. All information and advice furnished by either the client or CWC, including their agents and employees, shall be treated as confidential and will not be disclosed to third parties except as agreed upon in writing or required by law. CWC offers the following Wrap Fee Programs which are administered through Fidelity Institutional Wealth Services (“Fidelity”). The following Wrap Fee Programs are sponsored and managed by Fidelity:
• Separate Account Network
• Managed Account Solutions Separate Account Network: Under this Program, we may assist clients in identifying an investment advisory firm to advise and counsel the client relative to the client's investment of assets. The intent of the Program is to offer a competitive roster of investment management firms representing a broad array of investment classes and styles from which a client may select one or Separate Account Network managers to handle the day-to-day management of the client's account(s). Services may include: matching personal and financial data provided by the client with a database of approved investment advisors, and providing reports to allow for periodic evaluation and comparison of account performance with objectives. We may also assist in the preparation, revision or review of an investment policy statement in connection with the client's advisory needs. Under certain circumstances, clients may elect to pay transaction costs and advisory fees in lieu of wrap fees (Non- Wrap Program). Managed Account Solutions: Under this Program, we assist each client in reviewing their investment objectives, including any restrictions designated by the client with respect to investment securities. In addition, we assist in selecting one or more investment advisors from a universe of investment advisors based on quantitative and qualitative research criteria. The intent of the Program is to offer a competitive roster of high-quality investment management firms, representing a broad array of investment classes and styles, from which a client may select one or more managers to handle the day-to-day management of their account(s). Additionally, CWC offers the following Wrap Fee Programs administered through Fidelity or Schwab and managed by CWC. CWC Advisory Program: Under this program, CWC will act as both the sponsor and the investment manager, and the client is presented with investment recommendations based upon a review of the client’s investment goals, financial situation, and risk tolerance. On a periodic basis, monitoring and reporting of portfolio performance is provided. Most types of securities are eligible for purchase in this account including, but not limited to, common and preferred stocks, exchange-traded funds, closed end funds, fee-based unit investment trusts, corporate, municipal and government bonds, certificates of deposit, options and certain wrap class alternative investments, such as hedge funds. Clients are charged an all-inclusive wrap fee on Program Assets that covers advisory, execution, custodial and reporting services on Eligible Assets. Under certain circumstances, clients may elect to pay transaction costs and advisory fees in lieu of wrap fees (Non-Wrap Program). CWC Horizons Advisory Program: Through the CWC Horizons Advisory Program (“CWC Horizons”), CWC provides portfolio management services through Institutional Intelligent Portfolios™, an automated, online Investment management platform provided by Schwab for use by independent investment advisors. The platform is sponsored by Schwab Performance Technologies, Inc. (“SPT”), an affiliate of Charles Schwab & Co., Inc. Through the SPT platform, CWC offers a Wrap Program (“the Program”) through which CWC constructs and manages a wide range of investment strategies, each generally consisting of a portfolio of exchange

traded funds (ETFs), mutual funds and cash allocations. Fees for the CWC Horizons Advisory Program will cover advisory services, performance measurement, transaction costs, custody services and trading. The fees do not cover the fees and expenses of any underlying funds purchased in the account. Fees are based on the assets in the account and are assessed quarterly. A minimum fee of $55 annually applies for this program. CWC will furnish you with an additional Wrap Fee Brochure which will provide additional information on the following Programs: Separate Account Network, Managed Account Solutions, CWC Advisory and CWC Horizons Advisory. CWC also offers the following non-wrap, Managed Account Programs which are administered through Schwab Advisor Services, a division of Charles Schwab & Co, Inc.:
• Managed Account Select;
• Managed Account Access; and
• Managed Account Marketplace Managed Account Select Program: Under this Program, we assist each client in reviewing the client's investment objectives, including any restrictions designated by the client with respect to investment securities. In addition, we assist in selecting one or more investment advisors from a universe of investment advisors. This universe of investment advisors is evaluated by Charles Schwab Investment Advisory, Inc. and meets their quantitative and qualitative research criteria. The intent of the Program is to offer a competitive roster of high-quality investment management firms representing a broad array of investment classes and styles from which a client may select one or more Select Managers to handle the day-to-day management of the client's account(s). Managed Account Access and Managed Account Marketplace Programs: Under these Programs, we may assist clients in identifying an investment advisory firm to advise and counsel the client relative to the client's investment of assets. The intent of the Program is to offer a competitive roster of investment management firms representing a broad array of investment classes and styles from which a client may select one or more Access or Marketplace Managers to handle the day-to-day management of the client's account(s). Access and Marketplace services may include: matching personal and financial data provided by the client with a database of approved investment advisors, and providing reports to allow for periodic evaluation and comparison of account performance with objectives. We may also assist in the preparation, revision or review of an investment policy statement in connection with the client's advisory needs. All Managed Account Access Managed Account Marketplace accounts are managed by the third-party advisors and CWC has no discretionary trading authority with respect to such accounts. From time to time, CWC will provide investment advisory services with regard to investment-related partnerships or other pooled investment vehicles. Typically, such products shall be Direct Participation Programs or privately placed securities that are typically exempt from registration under the Securities Act of 1933 in reliance on an exemption such as the provisions set forth under Regulation D. ERISA and Individual Retirement Accounts Disclosure When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries 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 we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interests ahead of yours. Under this special rule's provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest. As of 12/31/23, CWC held $1,031,823,518 in discretionary assets under management and $303,819,590 in non-discretionary assets under management. CWC held a total of $1,438,235,556 in assets under advisement as of 12/31/23.