1. This graph shows the potential range of gains or losses of a $100,000 investment in each of seven hypothetical portfolios at the end of a 1-year period. The number to the right of each bar shows the best potential gain for that portfolio, while the number to the left of each bar shows the worst potential loss. Given that this is the only information that you have on these seven hypothetical portfolios, which one would you choose to invest in? $ 10,000 -$ 5,000

2. Inflation (rising prices for goods and services) can have a significant effect on your investments by decreasing their potential purchasing power over time. Aggressive investments have historically outpaced inflation over the long run, but have had more instances of short-term losses than more conservative investments. How do you feel about inflation and its potential impact on your investments? You are satisfied with your investments keeping pace withYou prefer that your investments significantly outperform inflation. You are willing to assume a greater potential for inflation. Limiting the potential for short-term loss is your main goal, and you are willing to sacrifice the potential forshort-term loss in order to pursue that goal. higher returns. You would like your investments to outpace inflation. You are willing to assume some potential for short-term loss in order to pursue that goal. 3. Suppose that a substantial portion of your investment portfolio is invested in securities. If the stock market were to experience a prolonged down market, losing 50 percent of its value over a 3 year period, what would you do (assuming your securities behaved in a similar fashion)? Sell all the securities in your portfolio. You are afraid that the Hold the securities in your portfolio. You understand that stock market is in a downturn and you cannot afford theyour investment may be subject to short-term price swings and are comfortable `weathering the storm. Sell half of the securities in your portfolio. You think that the Buy more securities for your portfolio to take advantage of market may rebound, but you are not willing to leave all oftheir low price. You are comfortable with market fluctuations your investment exposed to further loss.and assume that the securities will potentially regain their previous value or increase in value. 4. Once again, assume you have a substantial portion of your investment portfolio in securities. If the stock market were to gradually decline at an average of 2 percent per month, eventually losing 24% of its value over a year, which of the following would you do? Sell the securities in your portfolio and realize the 24% loss. Do nothing. You are comfortable waiting for the securities to You wish to avoid the risk of further loss.regain their previous value or to increase in value. Sell half of the securities in your portfolio. You are not willingInvest more now because securities are selling for to leave all of your investment at risk for further loss.approximately 24% less than they were 12 months ago. You believe that the securities will potentially regain their value or possibly appreciate even higher over the long-term. 5. Aggressive investments have historically provided higher returns while exhibiting greater short-term price fluctuations and potential for loss. How do you feel about fluctuations in the value of your portfolio? You want to minimize the possibility of loss in the value of You can tolerate the risk of large losses in your portfolio in your portfolio. You understand that you may be sacrificingpursuit of greater potential gains. the potential for higher long-term returns by holding investments that reduce the potential for short-term loss and price fluctuation. You can tolerate the risk of moderate losses in order to pursue potentially favorable returns.

6. What is the investment time horizon on these investable assets?

7. What is your current Annual Household Income? None $0 30,000 $30,001 - 50,000

$50,001 - 100,000 $100,001 - 250,000 $250,001-500,000

$500,001 - 1,000,000 $1,000,001 - 3,000,000 More than $3,000,001

8. What is your Approximate Net Worth? Less than $250K

9. What are your Income Needs from Program Assets? None

$10,000 Per Year $20,000 Per Year

$30,000 Per Year $40,000 Per Year $50,000 Per Year

$60,000 Per Year $70,000 Per Year $80,000 Per Year

$90,000 Per Year $100,000 Per Year More than $100,000 Per Year

10. What is your State Tax Bracket? 0% 1% 2%

11. What is your Federal Tax Bracket? 0% 10%

For Informational Purposes Only - Not all strategies are appropriate for all investors. Securities & Investment Advisory Services offered exclusively through Registered Representatives of Hornor, Townsend, & Kent, LLC (HTK Registered Investment Advisor, Member FINRA/SIPC. 600 Dresher Rd, Horsham PA 19044 (800) 873-7637. 3518814RB_Apr23 All investing is subject to risk, including the possible loss of the money you invest. No strategy assures success or prevents against loss. Past performance is not a reliable indicator of future results.