BRICK & KYLE ASSOCIATES INC

Part 2A of Form ADV: Firm Brochure Brick and Kyle Associates, Inc. 905 Mt. Eyre Road Newtown, Pennsylvania 18940 Telephone: (215) 493-8787 Web Address: www.brick-kyle.com 03/28/2025 This brochure provides information about the qualifications and business practices of Brick and Kyle Associates, Inc. (hereafter “Brick and Kyle”). If you have any questions about the contents of this brochure, please contact us at (215) 493-8787. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. Additional information about Brick and Kyle also is available on the SEC’s website at www.adviserinfo.sec.gov. You can search this site by our firm's CRD Number #107771. The SEC website also provides information about any people affiliated with Brick & Kyle who are registered as Investment Adviser Representatives of the firm. Page 1  ITEM 2 -- MATERIAL CHANGES Consistent with the new rules, we will ensure that you receive a summary of any material changes to this and subsequent brochures within 120 days of the close of our business fiscal year. Furthermore, we will provide you with other interim disclosures about material changes as necessary. A copy of the brochure is available from the SEC website, our website, www.brick-kyle.com, or by contacting our office at (215) 493-8787. Page 2  ITEM 3 – TABLE OF CONTENTS Page Item 1 - Cover Page Page 1 Item 2 - Material Changes Page 2 Item 3 - Table of Contents Page Page 3 Item 4 - Advisory Business Page 4 Item 5 - Fees and Compensation Page 7 Item 6 - Performance-Based Fees and Side-By-Side Management Page 8 Item 7 - Types of Clients Page 8 Item 8 - Methods of Analysis, Investment Strategies and Risk of Loss Page 8 Item 9 - Disciplinary Information Page 10 Item 10 - Other Financial Industry Activities and Affiliations Page 11 Item 11 - Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Page 11 Item 12 - Brokerage Practices Page 13 Item 13 - Review of Accounts Page 15 Item 14 - Client Referrals and Other Compensation Page 16 Item 15 - Custody Page 16 Item 16 - Investment Discretion Page 16 Item 17 - Voting Client Securities Page 17 Item 18 - Financial Information Page 17 Page 3  Item 4 Advisory Business Brick and Kyle is a SEC-registered investment adviser with its principal business address located at 905 Mt. Eyre Road in Newtown, Pennsylvania. Brick and Kyle was founded in 1984 and was approved as a Registered Investment Adviser in April 1998. Listed below are the firm's principal shareholders (i.e., those individuals and/or entities controlling 25% or more of this company).  Edgar Wilson Brick, Chairman Brick and Kyle Associates offers the following advisory services to our clients: INDIVIDUAL PORTFOLIO MANAGEMENT Our firm provides asset management services for the individual needs of each client. Through personal discussions in which goals and objectives based on the client’s particular circumstances are established, we develop an investment profile. During our data-gathering process, we determine the client’s individual objectives, time horizons, risk tolerance, and liquidity needs and then create and manage a portfolio based on that profile. Brick & Kyle manages the portfolio on a discretionary basis; however, clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. Once the client's portfolio has been established, the account is reviewed at least quarterly by the advisor. The frequency of review is dependent upon events which we view as having a significant impact on the entire portfolio. Such events would generally include a disappointing earnings report by a portfolio company or a major national or international economic development. Monthly asset statements denoting market values and a complete listing of all securities held in the portfolio and confirmation statements denoting each individual transaction are provided by our custodian, Charles Schwab, including year-end 1099’s. Page 4  Our investment recommendations are not limited to any specific product or service and will generally include advice regarding the following securities: • Exchange-listed securities (I.E. NASDAQ, NYSE, AMEX) • Securities traded over the counter • ETF’s – Exchange Traded Funds • Corporate debt securities (other than commercial paper) • Municipal Bonds • Certificates of deposit • Mutual fund shares • United States governmental bonds • Alternative Investments • REITS • Money Market Funds Because some types of investments involve certain additional degrees of risk, they will only be purchased when consistent with the client's stated investment objectives, tolerance for risk, liquidity, and suitability. FINANCIAL PLANNING Financial planning is a comprehensive evaluation of a client’s current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans. Through the financial planning process, all questions, information, and analysis are considered as impacting the entire financial and life situation of the client. Clients purchasing this service receive a written report which provides a detailed financial plan designed to assist in reaching their financial goals and objectives. In general, the financial plan can address any or all the following areas: Page 5  • PERSONAL: We review family records, budgeting, personal liability, estate information and financial goals. • TAXES: Collaborate with clients’ tax advisor or CPA and offer best option strategies to limit or reduce tax liability on income and investments. • CASH FLOW: Analyze the inflow and outflow of money to forecast the client’s short- and long-term expenses against the current and future cash flow. • INVESTMENT: Construct and monitor a portfolio of stocks, bonds, and alternative investments with a focus on diversification and risk management. • INSURANCE: Evaluate existing Life, Health, LTC, Disability and Liability policies to ensure adequate coverage and reduce risk exposure. • RETIREMENT: Develop a comprehensive individualized program to evaluate various options to help the client achieve their retirement goals. • EDUCATION PLANNING: Explore various ways to optimize savings for education funding through 529 Plans, Coverdell ESA, Custodial Accounts (UGMA/UTMA) and Trusts. • ESTATE: Prepare plans to include Trusts, Wills, POD, TOD Designations, POA’s to best protect assets from probate and taxes. We gather required information through in-depth personal interviews. The information gathered includes the client’s current financial status, tax status, future goals, return objectives, and attitudes towards risk. We carefully review documents supplied by the client, including a questionnaire completed by the client, and prepare a written report. Should the client choose to implement the recommendations contained in the plan, we suggest the client work closely with his/her attorney, accountant, insurance agent, and/or stockbroker. Implementation of financial plan recommendations is entirely at the client’s discretion. We also provide general non-securities advice on topics that may include tax and budgetary planning, estate planning and business planning. Typically, the financial plan is presented to the client within one month of the contract date, provided that all information needed to prepare the financial plan has been promptly provided. Page 6  AMOUNT OF MANAGED ASSETS As of 12/31/2023, we were actively managing $397,730,336 of clients' assets on a discretionary basis. Item 5 Fees and Compensation PORTFOLIO MANAGEMENT SERVICES FEES Our fees for Portfolio Management Services are a flat 1.00% annually of the assets under management. Brick and Kyle will negotiate fees on a per client basis. The specific annual fee schedule is identified in the Investment Advisory Agreement between the adviser and each client. Our fees are billed quarterly and are payable in advance. Each billing, with some exceptions, is 25% of the appropriate annual fee applied to the end of the quarter market value, including cash and equivalents. Fees will be debited from the account in accordance with the client authorization in the Client Services Agreement. A minimum of $250,000 (with some exceptions) in assets under management is required for this service. Brick and Kyle Associates may group certain related client accounts for the purpose of achieving the minimum account size and determining the annual fee. FINANCIAL PLANNING FEES Brick and Kyle offers a Financial Planning Program, and the fee is determined based on the nature of the services being provided and the complexity of each client’s circumstances. All fees are agreed upon prior to entering a contract with any client and charged on an hourly basis of $250. The length of time it will take to provide the plan depends on the client’s personal situation; we provide an estimate at the start of the relationship. GENERAL INFORMATION Termination of the Advisory Relationship: A client agreement may be canceled at any time, by either party, for any reason upon receipt of written notice. As disclosed above, certain Page 7  fees are paid in advance of the services provided. Upon termination of any account, any prepaid, unearned fees will be promptly refunded. In calculating a client’s reimbursement of fees, we will pro rate the reimbursement according to the number of days remaining in the billing period. All mutual funds and Exchange Traded Funds (ETFs) have expense fees that are charged within the fund. They generally range from .25% to .9% on ETFs, and from .65% to 1.25% on mutual funds using Institutional or Advisor share classes. Brick & Kyle's advisory calculation will include the value of all mutual funds and ETFs. Item 6 Performance-Based Fees and Side-By-Side Management Brick and Kyle Associates does not accept performance-based fees. Item 7 Types of Clients Brick and Kyle Associates provides advisory services to the following types of clients: • Individuals and high net worth individuals • Pensions • Trusts • Corporations • Profit-sharing plans • Estates • Charitable Organizations Item 8 Methods of Analysis, Investment Strategies and Risk of Loss METHODS OF ANALYSIS We use the following methods of analysis in formulating our investment advice and/or managing client assets: • Fundamental Analysis. We attempt to measure the intrinsic value of a security by looking at economic and financial factors (including the overall economy, industry conditions, and the financial condition and management of the company itself) to Page 8  determine if the company is undervalued (indicating it may be a good time to buy) or overpriced (indicating it may be time to sell). Fundamental analysis does not attempt to anticipate market movements. This presents a potential risk, as the price of a security can move up or down along with the overall market regardless of the economic and financial factors considered in evaluating the stock. • Technical Analysis. We analyze past market movements and apply that analysis to the present to recognize recurring chart patterns of investor behavior and potentially predict future price movement. In this type of technical analysis, we review charts of market and security activity to identify when the market is moving up or down and to predict how long the trend may last and when that trend might reverse Technical analysis does not consider the underlying financial condition of a company. This presents a risk in that a poorly managed or financially unsound company may underperform regardless of market movement. • Cyclical Analysis. In this type of technical analysis, we measure the movements of a particular stock against the overall market to predict the price movement of the security. • Asset Allocation. Rather than focusing primarily on securities selection, we attempt to identify an appropriate ratio of securities, fixed income, and cash suitable to the client’s investment goals and risk tolerance. This is based on an analysis of the client’s investment profile and risk tolerance. A risk of asset allocation is that the client may not participate in sharp increases in a particular security, industry, or market sector. Another risk is that the ratio of securities, fixed income, and cash will change over time due to stock and market movements and, if not corrected, will no longer be appropriate for the client’s goals. Risks for all forms of analysis. Our securities analysis methods rely on the assumption that the companies whose securities we purchase and sell, the rating agencies that review these securities, and other publicly available sources of information about these securities, are providing accurate and unbiased data. While we are alert to indications that data may be incorrect, there is always a risk that our analysis may be compromised by inaccurate or misleading information. Page 9  Personal interviews with the client along with the information provided help determine our analysis and strategy as well. We refer to Value Line, Morningstar, The Wall Street Journal, Barron’s, Investor’s Business Daily, Kiplinger’s and independent research materials provided by our custodian (Charles Schwab) for information and investment analysis. INVESTMENT STRATEGIES We use the following strategy(ies) in managing client accounts, provided that such strategy(ies) are/is appropriate to the needs of the client and consistent with the client's investment objectives, risk tolerance, and time horizons, among other considerations: Long-term purchases. We purchase securities with the idea of holding them in the client's account for a year or longer. Typically, we employ this strategy when: • We believe the securities to be currently undervalued, and/or • We want exposure to a particular asset class over time, regardless of the current projection for this class. A risk in a long-term purchase strategy is that by holding the security for this length of time, we may not take advantage of short-term gains that could be profitable to a client. Moreover, if our predictions are incorrect, a security may decline sharply in value before we make the decision to sell. Short-term purchases. When utilizing this strategy, we purchase securities with the idea of selling them within a relatively short time (typically a year or less). We do this to take advantage of conditions that we believe will soon result in a price swing in the securities we purchase. Item 9 Disciplinary Information We are required to disclose any legal or disciplinary events that are material to a client's or prospective client's evaluation of our advisory business or the integrity of our management. Our firm and our management personnel have no reportable disciplinary events to disclose. Page 10  Item 10 Other Financial Industry Activities and Affiliations Brick and Kyle Associates always endeavors to put the interest of its clients first as part of our fiduciary duty as a registered investment adviser. We take the following steps to address any potential conflicts: • We disclose to clients that they are not obligated to purchase recommended investments from our employees. • We collect, maintain and document accurate, complete, and relevant client background information, including the client’s financial goals, objectives, and risk tolerance. • Our firm's management conducts regular reviews of each client account to verify that all recommendations made to a client are suitable for the client’s needs and circumstances. • We require that our employees seek prior approval of any outside employment activity so that we may ensure that any conflicts of interest in such activities are properly addressed. • We educate our employees regarding the responsibilities of a fiduciary, including the need to have a reasonable and independent basis for the investment advice provided to clients. Item 11 Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Our firm has adopted a Code of Ethics which sets forth high ethical standards of business conduct that we require of our employees, including compliance with applicable federal securities laws. Brick and Kyle Associates and our personnel owe a duty of loyalty, fairness, and good faith towards our clients, and have an obligation to adhere not only to the specific provisions of the Code of Ethics but to the general principles that guide the Code. Our Code of Ethics includes policies and procedures for the review of quarterly securities transactions reports as well as initial and annual securities holdings reports that must be submitted by the firm’s access persons. Among other things, our Code of Ethics also requires prior approval of any acquisition of securities in a limited offering (e.g., private placement) or an initial public offering. Our code also provides for oversight, enforcement, and recordkeeping provisions. Page 11  Brick and Kyle Associates' Code of Ethics further includes the firm's policy prohibiting the use of material non-public information. While we do not believe that we have any access to non-public information, all employees are reminded that such information may not be used in a personal or professional capacity. A copy of our Code of Ethics is available to our advisory clients and prospective clients. You may request a copy by calling us at 215-493-8787. Our Code of Ethics is designed to ensure that the personal securities transactions, activities, and interests of our employees will not interfere with (I) making decisions in the best interest of advisory clients and (II) implementing such decisions while, at the same time, allowing employees to invest for their own accounts. Our firm and/or individuals associated with our firm may buy or sell for their personal account’s securities identical to or different from those recommended to our clients. In addition, any related person(s) may have an interest or position in a certain security(ies) which may also be recommended to a client. It is the expressed policy of our firm that no person employed by us may purchase or sell any security prior to a transaction(s) being implemented for an advisory account, thereby preventing such employee(s) from benefiting from transactions placed on behalf of advisory accounts. We will aggregate our employee trades with client transactions whenever possible. In these instances, participating clients will receive an average share price. In instances where there is a partial filling of a particular batched order, we will allocate all purchases pro-rata, with each account paying the average price. Our employee accounts will be included in the pro-rata allocation. As these situations represent actual or potential conflicts of interest to our clients, we have established the following policies and procedures for implementing our firm’s Code of Ethics, to ensure our firm complies with its regulatory obligations and provides our clients and potential clients with full and fair disclosure of such conflicts of interest: 1. No principal or employee of our firm may put his or her own interest above the interest of an advisory client. 2. No principal or employee of our firm may buy or sell securities for their personal portfolio(s) where their decision is a result of information received because of his or her employment unless the information is also available to the investing public. 3. It is the expressed policy of our firm that no person employed by us may purchase or sell any security prior to a transaction(s) being implemented for an advisory account. This prevents such employees from benefiting from transactions placed on behalf of advisory accounts. Page 12  4. Our firm requires prior approval for any IPO or private placement investments by related people in the firm. 5. We maintain a list of all reportable securities holdings for our firm, and anyone associated with this advisory practice has access to advisory recommendations ("access person"). These holdings are reviewed on a regular basis by our firm's Chief Compliance Officer or his/her designee. 6. We have established procedures for the maintenance of all required books and records. 7. Brick & Kyle does not have any limitations regarding the type of securities to be bought or sold or the amount of securities to be bought or sold. If a client wishes to place restrictions on his/her account as to the type or number of securities to be bought or sold, that request must be written and included with the signed investment advisory agreement upon establishment of the account. 8. All of our principals and employees must act in accordance with all applicable Federal and State regulations governing registered investment advisory practices. 9. We require delivery and acknowledgement of the Code of Ethics by each supervised person of our firm. 10. We have established policies requiring the reporting of Code of Ethics violations to our senior management. 11. Any individual who violates any of the above restrictions may be subject to possible actions which may include enhanced supervision, censure, suspension, or termination. Item 12 Brokerage Practices Brick and Kyle Associates will execute block trades where possible and when advantageous to clients. This permits the trading of aggregate blocks of securities composed of assets from multiple client accounts. Block trading may allow us to execute equity trades in a timelier, more equitable manner, at an average share price. Brick and Kyle Associates' block trading policy and procedures are as follows: 1. Transactions for any client account may not be aggregated for execution if the practice is prohibited or inconsistent with the client's advisory agreement with Brick and Kyle Associates, or our firm's order allocation policy. Page 13  2. The trading desk in concert with the portfolio manager must determine that the purchase or sale of the particular security involved is appropriate for the client and consistent with the client's investment objectives and with any investment guidelines or restrictions applicable to the client's account. 3. The portfolio manager must reasonably believe that the order aggregation will benefit and will enable Brick and Kyle Associates to seek best execution for each client participating in the aggregated order. This requires good faith judgment at the time the order is placed for the execution. It does not mean that the determination made in advance of the transaction must always prove to have been correct in the light of a "20-20 hindsight" perspective. Best execution includes the duty to seek the best quality of execution, as well as the best net price. 4. Prior to entry of an aggregated order, an order allocation must be completed which identifies each client account participating in the order and the proposed allocation of the order, upon completion, to those clients. 5. If the order cannot be executed in full at the same price or time, the securities purchased or sold by the close of each business day must be allocated pro rata among the participating client accounts in accordance with the initial written statement of allocation. However, adjustments to this pro rata allocation may be made to participating client accounts in accordance with the initial written statement of allocation. Furthermore, adjustments to this pro rata allocation may be made to avoid having odd amounts of shares held in any client account. 6. Generally, each client that participates in the aggregated order must do so at the average price for all separate transactions made to fill the order. 7. If the order is allocated in a manner other than that stated in the initial statement of allocation, a written explanation of the change must be provided to and approved by the Chief Compliance Officer no later than the morning following the execution of the aggregate trade. 8. Brick and Kyle Associate's client account records separately reflect, for each account in which the aggregated transaction occurred, the securities which are held by, and bought and sold for, that account. 9. Funds and securities for aggregated orders are clearly identified on Brick and Kyle Associate's records and to the broker-dealers or other intermediaries handling the transactions, by the appropriate account numbers for each participating client. 10. No client or account will be favored over another. Page 14  Notes: Employees participating in the block trade will never get a higher price when selling, or a lower price, when buying, than the client. All trades are cross-checked the following day to ensure proper execution. If a client did receive a different price than another client, the problem would be corrected to give each client the average price. Brokerage and Best Execution Summary: All Investment Advisory trades will be placed through Charles Schwab and Co. as custodian unless otherwise directed. Brick & Kyle has no soft dollar arrangements. Soft dollar arrangements include research, products, and client referrals. These arrangements could cause a conflict of interest; thus Brick & Kyle chooses not to engage in any such practice. Brick & Kyle has a fiduciary duty to monitor brokerage services through Charles Schwab. To accomplish this, Brick & Kyle meets every quarter to evaluate trading through Charles Schwab. Several other procedures have been adopted to ensure the best execution. These include cross-checking every trade, keeping a random blotter of executed time stamped trades with a corresponding day chart of the security, and logging Charles Schwab’s responsiveness to issues such as trade errors and other problems. Item 13 Review of Accounts PORTFOLIO MANAGEMENT SERVICES REVIEWS: While the underlying securities within Individual Portfolio Management Services accounts are continually monitored, these accounts are reviewed quarterly. Accounts are reviewed in the context of each client's stated investment objectives and guidelines. More frequent reviews may be triggered by material changes in variables such as the client's individual circumstances, or the market, political or economic environment. Reviews are conducted by: Edgar Brick (Chairman), Andrew Brick (President & CEO), Betty Brick (Executive Vice President), and James Lewers (Senior Vice President). REPORTS: Clients will receive statements from the custodian, Charles Schwab, reporting transactions occurring in the account on at least a quarterly basis. Clients will also receive trade information on all buys and sells. The statements will be written or electronic depending on the client’s selection. Page 15  FINANCIAL PLANNING SERVICES REVIEWS: While reviews may occur at different stages depending on the nature and terms of the specific engagement, typically no formal reviews will be conducted for Financial Planning clients unless otherwise contracted. REPORTS: Financial Planning clients will receive a completed financial plan. Additional reports will not typically be provided unless otherwise contracted. Item 14 Client Referrals and Other Compensation It is Brick and Kyle Associates' policy not to engage solicitors or to pay related or non- related people for referring potential clients to our firm. It is Brick and Kyle Associates' policy not to accept or allow our related people to accept any form of compensation, including cash, sales awards, or other prizes, from a non-client in conjunction with the advisory services we provide for our clients. Item 15 Custody Our firm does not have actual or constructive custody of client accounts as all assets are held at Charles Schwab & Co. who provide account statements directly to the client at their address of record or electronically at least quarterly. Clients receive security trade confirms, consolidated year end statements and tax related forms as applicable. Certain clients have established asset transfer authorizations which permit Charles Schwab to rely upon instructions from the client to transfer funds or securities to first and third parties. These arrangements are in accordance with the guidance provided in the SEC’s investment advisor’s associate no-action letter and are subject to an annual surprise inspection. The Investment Advisory Agreement authorizes Brick & Kyle to debit client accounts for quarterly management fees in accordance with current SEC custody rules. Clients should review their account statements and verify the fee debited is correct. Item 16 Investment Discretion Clients engage us to provide discretionary asset management services, in which case we place trades in a client's account without contacting the client prior to each trade to obtain Page 16  the client's permission. Our discretionary authority includes the ability to do the following without contacting the client: • Determine the security to buy or sell; and/or • Determine the amount of the security to buy or sell Clients give us discretionary authority when they sign an Investment Advisory Agreement with our firm and may limit this authority by giving us written instructions. Clients may also change/amend such limitations by once again providing us with written instructions. Item 17 Voting Client Securities We do not and will not accept the proxy authority to vote client securities. As part of account opening, all clients are directed to receive proxies or solicitations directly from Charles Schwab or a transfer agent. However, clients may contact us directly to discuss questions they have about proxy votes or other solicitations. Item 18 Financial Information Under no circumstances do we require or solicit payment of fees more than $1200 per client more than six months in advance of services rendered. Therefore, we are not required to include a financial statement. As an advisory firm that maintains discretionary authority for client accounts, we are also required to disclose any financial condition that is reasonable likely to impair our ability to meet our contractual obligations. Brick & Kyle has no financial commitment that would impair our ability to meet contractual and fiduciary commitments and has not been subject to bankruptcy proceedings at any time during the past thirty years. Page 17  Part 2B of Form ADV: Brochure Supplement Edgar Wilson Brick Brick and Kyle Associates, Inc. Newtown, Pennsylvania 18940 03/28/2025 This brochure provides information about Edgar Wilson Brick that supplements the Brick and Kyle Associates brochure. Please contact our office if you have any additional questions about the contents. Additional information about Edgar Wilson Brick is available on the SEC’s website at www.adviserinfo.sec.gov. You can search the site by using our firm’s CRD # 107771. Item 2 Educational, Background, and Business Experience Full Legal Name: Edgar Wilson Brick Born: 1940 Education Lafayette College: B.A.; 1962 • Business Experience • Brick & Kyle Associates, Inc. – Chairman from 2015 – Present President from 07/1984 – 2015 • Coastal Equities, Inc./Realta Equities, Inc. – Independent Contactor from 12/2013 – Present • Moors & Cabot, Inc. – Independent Contactor from 01/2005 – 12/2013 • Melhado, Flynn and Assoc., Inc. – Independent Contactor from 02/1995 – 01/2005 • Mercer Securities, Ltd. – Vice President from 12/1992 – 02/1995 • Edward C. Rorer & Co., Inc. – Vice President from 07/1984 – 12/1992 • Paine Webber, Inc. – Senior Vice President from 01/1973 – 07/1984  Item 3 Disciplinary Information Edgar Wilson Brick has a reportable disciplinary history. Item 4 Other Business Activities Investment-Related Activities Edgar Wilson Brick is also engaged in the following investment-related activities: • Registered representative of a broker-dealer – Realta Wealth Securities • SEE ITEM 10 IN BROCHURE Edgar Wilson Brick receives commissions, bonuses, or other compensation on the sale of securities or other investment products. Brick & Kyle does receive commissions generated through Realta Equities, Inc. on transactions recommended through Brick & Kyle’s advisory representatives. This could present a possible conflict of interest. There are procedures in place to make sure all transactions are made with the client’s risk tolerance and objectives in mind, not the possible compensation. Non-Investment Related Activities Edgar Wilson Brick is not engaged in any other business or occupation that provides substantial compensation or involves a substantial amount of his time. Item 5 Additional Compensation Edgar Wilson Brick does not receive any economic benefit from a non-advisory client for the provision of advisory services. Item 6 Supervision Supervisor: Andrew W. Brick Title: CEO/President Phone Number: (215) 493-8787 Item 7 Requirements for State Registered Advisors Edgar Wilson Brick has not been involved in any arbitration, civil, self-regulatory, administrative or bankruptcy proceedings.  Part 2B of Form ADV: Brochure Supplement Andrew W. Brick, CFP Brick and Kyle Associates, Inc. Newtown, Pennsylvania 18940 03/28/2025 This brochure provides information about Andrew W. Brick that supplements the Brick and Kyle Associates brochure. Please contact our office if you have any additional questions about the contents. Additional information about Andrew W. Brick is available on the SEC’s website at www.adviserinfo.sec.gov. You can search the site by using our firm’s CRD # 107771. Item 2 Educational, Background, and Business Experience Full Legal Name: Andrew W. Brick Born: 1971 Education • Trinity College; B.A., History; 1993 Business Experience • Brick & Kyle Associates, Inc. – President from 02/2015 - Present • Coastal Equities, Inc. – Independent Contactor from 12/2013 – 05/2022 • Moors & Cabot, Inc. – Independent Contactor from 01/2005 – 12/2013 • Melhado, Flynn and Assoc., Inc. – Independent Contactor from 02/1996 – 01/2005 • Mitchell Hutchins Asset Management – Mutual Funds Sales/Support from 09/1994 – 02/1996 • Brick & Kyle Associates, Inc. – Consultant from 11/1993 – 09/1994 • Bristol Myers Squibb Corporation – Benefits Intern from 07/1993 – 11/1993  Designations Andrew W. Brick has earned the following Designation(s) and is in good standing with the granting authority: • CFP; College of Financial Planning; 2001 Item 3 Disciplinary Information Andrew W. Brick has no reportable disciplinary history. Item 4 Other Business Activities Investment-Related Activities Andrew W. Brick is not engaged in any investment-related activities. • SEE ITEM 10 IN BROCHURE Andrew W. Brick does not receive commissions, bonuses, or other compensation on the sale of securities or other investment products. Non-Investment Related Activities Andrew W. Brick is not engaged in any other business or occupation that provides substantial compensation or involves a substantial amount of his time. Item 5 Additional Compensation Andrew W. Brick does not receive any economic benefit from a non-advisory client for the provision of advisory services. Item 6 Supervision Supervisor: Edgar W. Brick Title: Chairman Phone Number: (215) 493-8787 Item 7 Requirements for State Registered Advisors Andrew W. Brick has not been involved in any arbitration, civil, self-regulatory, administrative or bankruptcy proceedings.  Part 2B of Form ADV: Brochure Supplement Betty Deane Brick Brick and Kyle Associates, Inc. Newtown, Pennsylvania 18940 03/28/2025 This brochure provides information about Betty Deane Brick that supplements the Brick and Kyle Associates brochure. Please contact our office if you have any additional questions about the contents. Additional information about Betty Deane Brick is available on the SEC’s website at www.adviserinfo.sec.gov. You can search the site by using our firm’s CRD # 107771. Item 2 Educational, Background, and Business Experience Full Legal Name: Betty Deane Brick Born: 1941 Education • Alfred College, A.A.S; 1961 Business Experience • Brick & Kyle Associates, Inc. – Senior Vice President from 09/1993 - Present • Coastal Equities, Inc. – Independent Contactor from 12/2013 – 05/2022 • Moors & Cabot, Inc. – Independent Contactor from 01/2005 – 12/2013 • Melhado, Flynn and Assoc., Inc. – Independent Contactor from 02/1995 – 01/2005 • Unemployed – N/A from 07/1992 – 09/1993 • Silver & Sperling – Legal Secretary from 05/1991 – 07/1992 • Unemployed – N/A from 08/1990 – 05/1991 • Turner Projacs – Administrative Assistant from 12/1989 – 08/1990  Item 3 Disciplinary Information Betty Deane Brick has no reportable disciplinary history. Item 4 Other Business Activities Investment-Related Activities Betty Deane Brick is not engaged in any investment-related activities. • SEE ITEM 10 IN BROCHURE Betty Deane Brick does not receive commissions, bonuses, or other compensation on the sale of securities or other investment products. Non-Investment Related Activities Betty Deane Brick is not engaged in any other business or occupation that provides substantial compensation or involves a substantial amount of his time. Item 5 Additional Compensation Betty Deane Brick does not receive any economic benefit from a non-advisory client for the provision of advisory services. Item 6 Supervision Supervisor: Andrew W. Brick Title: CEO/President Phone Number: (215) 493-8787 Item 7 Requirements for State Registered Advisors Betty Deane Brick has not been involved in any arbitration, civil, self-regulatory, administrative or bankruptcy proceedings.  Part 2B of Form ADV: Brochure Supplement James D. Lewers, CFP Brick and Kyle Associates, Inc. Newtown, Pennsylvania 18940 03/28/2025 This brochure provides information about James D. Lewers that supplements the Brick and Kyle Associates brochure. Please contact our office if you have any additional questions about the contents. Additional information about James D. Lewers is available on the SEC’s website at www.adviserinfo.sec.gov. You can search the site by using our firm’s CRD # 107771. Item 2 Educational, Background, and Business Experience Full Legal Name: James D. Lewers Born: 1961 Education • Fairfield University; B.A.; Economics; 1985 Business Experience • Brick & Kyle Associates, Inc. – Vice President from 08/2001 - Present • Coastal Equities, Inc. – Independent Contactor from 12/2013 – 05/2022 • Moors & Cabot, Inc. – Independent Contactor from 01/2005 – 12/2013 • Melhado, Flynn and Assoc., Inc. – Independent Contactor from 08/2001 – 01/2005 • A.G. Edwards & Sons, Inc. – Financial Consultant from 03/1998 – 07/2001 • Swiss Reinsurance Corp. – Senior Underwriter from 01/1995 – 02/1998 • Chartwell Reinsurance Corp. – Senior Underwriter from 12/1992 – 12/1994 • Continental Insurance Corp. – Senior Underwriter from 06/1986 – 11/1992  Designations James D. Lewers has earned the following designation(s) and is in good standing with the granting authority: • CFP, CLU, ChFC American College 2001 Item 3 Disciplinary Information James D. Lewers has no reportable disciplinary history. Item 4 Other Business Activities Investment-Related Activities James D. Lewers is not engaged in any investment-related activities. • SEE ITEM 10 IN BROCHURE James D. Lewers does not receive commissions, bonuses, or other compensation on the sale of securities or other investment products. Non-Investment Related Activities James D. Lewers is not engaged in any other business or occupation that provides substantial compensation or involves a substantial amount of his time. Item 5 Additional Compensation James D. Lewers does not receive any economic benefit from a non-advisory client for the provision of advisory services. Item 6 Supervision Supervisor: Andrew W. Brick Title: CEO/President Phone Number: (215) 493-8787 Item 7 Requirements for State Registered Advisors James D. Lewers has not been involved in any arbitration, civil, self-regulatory, administrative or bankruptcy proceedings.  Part 2B of Form ADV: Brochure Supplement Ian A. Brick Brick and Kyle Associates, Inc. Newtown, Pennsylvania 18940 03/28/2025 This brochure provides information about Ian Brick that supplements the Brick and Kyle Associates brochure. Please contact our office if you have any additional questions about the contents. Additional information about Ian Brick is available on the SEC’s website at www.adviserinfo.sec.gov. You can search the site by using our firm’s CRD # 107771. Item 2 Educational, Background, and Business Experience Full Legal Name: Ian A. Brick Born: 2001 Education • Pennsylvania State University; B.A.; Finance; 2023 Business Experience • Brick & Kyle Associates, Inc. – Junior Financial Analyst from 06/2023 - Present  Item 3 Disciplinary Information Ian A. Brick has no reportable disciplinary history. Item 4 Other Business Activities Investment-Related Activities Ian A. Brick is not engaged in any investment-related activities. • SEE ITEM 10 IN BROCHURE Ian A. Brick does not receive commissions, bonuses, or other compensation on the sale of securities or other investment products. Non-Investment Related Activities Ian A. Brick is not engaged in any other business or occupation that provides substantial compensation or involves a substantial amount of his time. Item 5 Additional Compensation Ian A. Brick does not receive any economic benefit from a non-advisory client for the provision of advisory services. Item 6 Supervision Supervisor: Andrew W. Brick Title: CEO/President Phone Number: (215) 493-8787 Item 7 Requirements for State Registered Advisors Ian A. Brick has not been involved in any arbitration, civil, self-regulatory, administrative or bankruptcy proceedings.