BRUCE COLIN AND COMPANY

PART 2A ITEM 1: COVER SHEET 30365 Via Rivera Rancho Palos Verdes, CA 90275 (310) 378-4355 brucec@colinwm.com www.colinwm.com February 1, 2026 This brochure provides information about the qualifications and business practices of Bruce Colin & Co.. If you have any questions about the contents of this brochure, please contact us at the telephone number and/or e-mail address above. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or any state securities authority. Our e-mail for regulatory compliance is compliance@colinwm.com. Bruce Colin & Co. is a registered investment advisor. Registration of an investment advisor does not imply any level of skill or training. Additional information about Bruce Colin & Co. is also available on the SEC’s website at www.adviserinfo.sec.gov.  FORM ADV, PART 2A ITEM 2: MATERIAL CHANGES Our previous annual update was dated January 17, 2025. Following is a summary of the material changes made to Part 2 since that amendment. Item 4: Services we offer: Updated the description of our Financial Planning and Consulting Services and Investment Advisory Services. Assets under management: As of December 31, 2025, we manage assets of $228.5 million on a non- discretionary basis. Item 8: Updated our disclosures. We rely upon three broad resource categories in our due diligence and analysis of different investment strategies. The first is published material including prospectuses and other regulatory filings, academic research, publicly available news media, subscriptions to third-party research, and industry specific literature. Second, our continuing education may also include attendance at industry-related conferences, webinars, and periodic contact with other professionals whose expertise and business practices we respect. Third, we utilize specialized financial software to assist with investment planning, research, modeling, and analytics. We use each of these resources to help build and manage portfolios that are aligned with each client’s goals and circumstances. While each client’s portfolio is therefore likely to be unique, our clients’ portfolios commonly emphasize broad diversification within and across different asset classes, consideration of fees and tax efficiency, and a long-term perspective where appropriate. It is important to understand that investing has inherent risks that can result in the loss of money. Despite our best efforts and fiduciary commitment to our clients, we cannot eliminate risk from their portfolios or guarantee the successful outcome of any particular investment or strategy. Please contact us at (310) 378-4355 or brucec@colinwm.com if you would like a copy of our updated Part 2. Additional information about us is also available on the SEC’s website at www.adviserinfo.sec.gov.  ITEM 3 TABLE OF CONTENTS Item 1: Cover Sheet Item 2: Material Changes Item 3: Table of Contents Item 4: Advisory Business ........................................................................................................................... 1 Who we are ............................................................................................................................................... 1 Services we offer....................................................................................................................................... 1 Assets under management......................................................................................................................... 2 Item 5: Fees and Compensation ................................................................................................................... 2 Financial Planning..................................................................................................................................... 2 Investment Management Services............................................................................................................. 3 Item 6: Performance-Based Fees and Side-By-Side Management .............................................................. 4 Item 7: Types of Clients............................................................................................................................... 4 Item 8: Methods of Analysis, Investment Strategies and Risk of Loss........................................................ 4 Item 9: Disciplinary Information ................................................................................................................. 6 Item 10: Other Financial Industry Activities and Affiliations ..................................................................... 6 Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading ................ 6 Code of Ethics........................................................................................................................................... 6 Personal Trading for Associated Persons.................................................................................................. 6 Item 12: Brokerage Practices ....................................................................................................................... 7 The Custodian and Brokers We Use ......................................................................................................... 7 How We Select Brokers/Custodians ......................................................................................................... 7 Your Brokerage and Custody Costs.......................................................................................................... 7 Products and Services Available to Us From Schwab .............................................................................. 8 Aggregation of Orders .............................................................................................................................. 9 Soft Dollars ............................................................................................................................................... 9 Item 13: Review of Accounts....................................................................................................................... 9 Investment Management ........................................................................................................................... 9 Financial Planning..................................................................................................................................... 9 Item 14: Client Referrals and Other Compensation..................................................................................... 9 Item 15: Custody........................................................................................................................................ 10 Item 16: Investment Discretion.................................................................................................................. 10 Item 17: Voting Client Securities............................................................................................................... 10 Item 18: Financial Information .................................................................................................................. 10  ITEM 4: ADVISORY BUSINESS Who we are Bruce Ted Colin dba Bruce Colin & Co. (referred to as “we,” “our,” “us,” or “Bruce Colin”), has been registered as an investment advisor since October 1997. We provide financial planning and investment advisory services to individuals and families. We work exclusively as fiduciaries in a fee-only, advisory capacity, and do not sell securities or financial products. Services we offer We provide the following two primary financial services: 1. Financial planning, which is provided to some clients on a one-time basis, and to other clients who retain us in conjunction with investment advisory services. 2. Investment advisory services, which are integrated with financial planning on an ongoing basis for many of our clients. Financial Planning and Consulting Financial planning is driven by each client’s particular goals and circumstances, so no two engagements are the same. Some common areas of attention include financial statement preparation and analysis, risk management, investment planning, executive compensation and benefits, philanthropic planning, and retirement planning. Given the multidisciplinary nature of financial planning, we frequently work with our clients’ attorneys, accountants, insurance agents, and other financial professionals as necessary. The financial planning process typically includes the following six steps: 1. Defining the Relationship. Prior to beginning any work, each client is provided with an engagement letter outlining the scope of work that we have mutually identified. 2. Fact-finding. Our initial efforts involve learning about clients’ financial goals and gathering relevant information from documents and other sources to understand their existing plans. 3. Evaluation. We then analyze this information to understand whether a client’s current planning supports their stated goals and needs. 4. Recommendations. We review our findings and help clients understand the basis for any recommendations we may have. 5. Implementation. Under a client’s direction, we can assist with implementation of those recommendations that are within our professional competencies. Clients have no obligation to implement any recommendations through services that we may provide or recommend. Page 1  6. Monitoring. We work with clients to define what role, if any, they would like us to play in monitoring their proposed plan. Investment Advisory Services Prior to engaging us for investment advisory services, each client is required to enter into an agreement that defines the terms, conditions, and responsibilities of both parties. We then work with each client to develop an investment strategy and asset allocation that are aligned with the goals and circumstances that were identified in the planning process. Additional considerations may include liquidity requirements, time horizons, needs for income and/or growth, risk tolerance, coordination with other assets, and the desire to impose reasonable restrictions on certain types of investments or securities. Such considerations are ultimately incorporated into an Investment Policy Statement, which serves as a blueprint for the management of each client’s portfolio. We invest primarily in mutual funds, exchange traded funds, other pooled or private funds, government and municipal securities, and bank securities. It is less common for us to recommend the purchase or sale of individual stocks or corporate bonds, although we may retain third party investment managers to manage a portfolio of these or other investments where appropriate. As fiduciaries, we are obligated to always act in our clients’ best interests, but our choice of investments may be limited by the resources available to us through our relationships with custodians and other providers in the broader financial industry. At the same time, our relationships may allow us to have access to certain investments for our clients that may not be available to the general public. We provide investment advisory services on a nondiscretionary basis, a safeguard which requires us to obtain client authority prior to placing any securities transactions on their behalf. As a result, clients maintain final decision-making authority regarding the purchase or sale of any investments. This is part of our larger effort to communicate regularly with clients, including through the provision of quarterly reports. We do not provide portfolio management services to a wrap fee program. Assets under management As of December 31, 2025, we manage assets of $228.5 million on a non-discretionary basis. We do not manage assets on a discretionary basis. ITEM 5: FEES AND COMPENSATION Financial Planning We charge a flat fee for a comprehensive financial plan. Our fee reflects our judgment of the scope and complexity of your financial situation and goals. Our fee will be presented in an engagement letter that we will prepare for you before beginning any work. We typically require an initial deposit of up to 50% of our fee at the time you return a signed copy of the engagement letter to us. The balance of our fee will be due and payable upon presentation of an invoice at the engagement’s conclusion. Page 2  Hourly planning is offered as an alternative to comprehensive planning for clients who wish only to address a specific issue or question. Hourly planning will be provided at a rate of $400 per hour, with payment due upon presentation of an invoice. You may cancel our financial planning agreement at any time by providing written notice. Upon cancellation, we will present you with an invoice for time spent, based on our hourly rate of $400. This invoice is payable upon receipt. If the amount of the deposit is greater than the fees incurred, a refund will be provided. Please note that when we provide financial planning advice with respect to your investments, we have a conflict of interest. If you choose us to manage your investments, we will receive the customary fees disclosed in the following section. Please read it carefully before making any decisions, and remember that you are under no obligation to follow our planning recommendations or implement them through us. Investment Management Services Advisory Fees & Billing Practices We do not receive commissions of any kind for executing trades on behalf of our clients. Fees for investment management services are calculated as a percentage of assets under management. These fees are billed quarterly in arrears, based on the assets under management as of the last day of the calendar quarter. Our standard fee schedule is: Assets under Management Annual Fee On the first $500,000 On the next $500,000 On the next $2,000,000 On the next $7,000,000 On amounts over $10,000,000 1.00% 0.80% 0.60% 0.40% 0.20% At our discretion, we may exclude certain assets when calculating clients’ management fees. We do not assess fees for accounts of family members. We generally request that you provide authorization for us to deduct our fees directly from your investment account. Please be aware of the following important information about the deduction of management fees:  Our investment management contract with you contains an authorization to deduct fees from your account, and you should read this authorization carefully before granting consent with your signature.  You will receive a detailed invoice each quarter which outlines our fees and how they are calculated at the same time we request payment from the custodian.  You will receive a monthly statement from your custodian which shows all transactions in your account, including the deduction of our fee. Page 3   You are responsible for reviewing the accuracy of the fees being billed, as the custodian will not do so. You may elect to pay by check rather than having payment deducted directly from your account. If you would like to end our advisory relationship, you may do so by providing 30 days written notice. We will prorate the advisory fees earned through the termination date and send you an invoice for the advisory fees due. Other Costs Involved In addition to our advisory fee shown above, you are responsible for paying fees associated with investing for your account. These fees include:  mutual fund loads (if applicable). These charges are assessed and received directly by brokerage firms as commissions.  management fees for ETFs and mutual funds. These are fees charged by the managers of the ETF or mutual fund and are a portion of the expenses of the ETF or mutual fund.  brokerage costs and transaction fees for any securities or fixed income trades. These are generally charged by your custodian and/or executing broker. fees assessed by any third party managers we may engage on your behalf.  Additional information about brokerage costs and services is provided in “Item 12: Brokerage Practices.” We believe the fees mentioned above are competitive with similar offerings available from comparable firms; however, you may be able to obtain similar services from other sources at the lower price. ITEM 6: PERFORMANCE-BASED FEES AND SIDE-BY-SIDE MANAGEMENT We do not receive performance fees for managing accounts. ITEM 7: TYPES OF CLIENTS Our typical clients are business owners, corporate executives, professionals, and retirees who require management of trusts, individual retirement accounts, and taxable portfolios. ITEM 8: METHODS OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS We rely upon three broad resource categories in our due diligence and analysis of different investment strategies. The first is published material including prospectuses and other regulatory filings, academic research, publicly available news media, subscriptions to third-party research, and industry specific literature. Page 4  Second, our continuing education may also include attendance at industry-related conferences, webinars, and periodic contact with other professionals whose expertise and business practices we respect. Third, we utilize specialized financial software to assist with investment planning, research, modeling, and analytics. We use each of these resources to help build and manage portfolios that are aligned with each client’s goals and circumstances. While each client’s portfolio is therefore likely to be unique, our clients’ portfolios commonly emphasize broad diversification within and across different asset classes, consideration of fees and tax efficiency, and a long-term perspective where appropriate. It is important to understand that investing has inherent risks that can result in the loss of money. Despite our best efforts and fiduciary commitment to our clients, we cannot eliminate risk from their portfolios or guarantee the successful outcome of any particular investment or strategy. Examples of risks that clients should be aware of include the following, which can occur alone or in tandem with others: 1. Market risk – The chance that the price of stocks, bonds, or other securities will, as a group, decline. 2. Interest rate risk – The chance that security prices will fluctuate in response to changing interest rates. 3. Inflation risk – The chance that security prices can be adversely impacted by increases and decreases in inflation. 4. Style risk – The risk that returns from one investment style will trail returns from another investment style. 5. Credit risk – This is typically associated with the credit worthiness of a bond issuer and can result in their failure to pay interest and principal in a timely manner. 6. Reinvestment risk – This refers to the possibility that a bond investor will have to accept a lower yield upon receiving the interest or principal from a maturing bond. 7. International risk – Investments outside of the United States can be subject to a variety of risks, including currency fluctuations and political uncertainty. 8. Liquidity risk – This can occur when an investment becomes more difficult, if not impossible, to buy or sell under certain conditions or time frames. Liquidity risk can be especially pronounced in alternative investments, including (but not limited to) hedge funds, private equity funds, real estate, and private credit funds. Such investments are inherently illiquid and can present additional risks when compared to publicly traded securities. All investments involve different degrees of risk. You should be aware of your risk tolerance level and financial situations at all times. We cannot guarantee the successful performance of an investment and we are expressly prohibited from guaranteeing accounts against losses arising from market conditions. Page 5  ITEM 9: DISCIPLINARY INFORMATION Registered investment advisors are required to disclose any material facts regarding any legal or disciplinary actions that would be material to your evaluation of the investment advisor and each investment advisor representative providing investment advice to you. We have no information of this type to report. ITEM 10: OTHER FINANCIAL INDUSTRY ACTIVITIES AND AFFILIATIONS Bruce Colin has no affiliations with other financial industry entities. We may refer clients to wrap fee managers that participate in Schwab Institutional’s Managed Account Marketplace, but this does not create a conflict of interest between us and you because we do not receive any compensation for doing so. ITEM 11: CODE OF ETHICS, PARTICIPATION OR INTEREST IN CLIENT TRANSACTIONS AND PERSONAL TRADING Code of Ethics We have adopted a set of enforceable guidelines (Code of Ethics), which describes unacceptable conduct by Bruce Colin and our associated persons. Summarized, this Code of Ethics prohibits us from: placing our interests before yours,  using non public information gathered when providing services to you for our own gains, or   engaging in any act, practice or course of business that is, or might be considered, fraudulent, deceptive, manipulative, or in violation of any applicable law, rule or regulation of a governmental agency. Please contact us if you would like to receive a full copy of this Code of Ethics. Personal Trading for Associated Persons We may buy or sell some of the same securities for you that we already hold in our personal account. We may also buy for our personal account some of the same securities that you already hold in your account. It is our policy not to permit our associated persons (or their immediate relatives) to trade in a way that takes advantage of price movements caused by your transactions. We may restrict trading for a particular security for our accounts or those of our associated person if there is a pending trade in that security in a client account. Trades for our accounts (and those of our associated persons) will be placed after client trades have been completed. When our trades are placed after our client trades, we may receive a better or worse price than that received by the client. Bruce Colin and its associated persons may purchase or sell specific securities for their own account based on personal investment considerations without regard to whether the purchase or sale of such security is appropriate for clients. All persons associated with us are required to report all personal securities transactions to us quarterly. Page 6  ITEM 12: BROKERAGE PRACTICES The Custodian and Brokers We Use We do not maintain custody of your assets that we manage, although we may be deemed to have custody of your assets if you give us authority to withdraw assets from your account (see “Item 15: Custody”). Your assets must be maintained in an account at a “qualified custodian,” generally a broker/dealer or bank. We recommend that our clients use Charles Schwab & Co., Inc. (“Schwab”), a registered broker/dealer, member SIPC, as the qualified custodian. Please note that we are independently owned and operated and are not affiliated with Schwab. Schwab will hold your assets in a brokerage account and buy and sell securities when we instruct them to. While we recommend that you use Schwab as custodian/broker, you will decide whether to do so and will open your account with Schwab by entering into an account agreement directly with them. We do not open the account for you, although we may assist you in doing so. If you do not wish to place your assets with Schwab, then we cannot manage your account. Not all advisors require their clients to use a particular broker-dealer or other custodian selected by the advisor. How We Select Brokers/Custodians We seek to recommend a custodian/broker who will hold your assets and execute transactions on terms that are, overall, most advantageous when compared to other available providers and their services. We consider a wide range of factors, including, among others:  Combination of transaction execution services and asset custody services (generally without a separate fee for custody)  Capability to execute, clear, and settle trades (buy and sell securities for your account)  Breadth of available investment products and account features  Quality of services  Reputation, financial strength, and stability Prior service to us and our other clients   Availability of other products and services that benefit us, as discussed below (see “Products and Services Available to Us From Schwab”) Your Brokerage and Custody Costs For our clients’ accounts that Schwab maintains, Schwab generally does not charge you separately for custody services but is compensated by charging you commissions or other fees on trades that it executes in your Schwab account. We believe that having Schwab execute most trades is consistent with our duty to seek “best execution” of your trades. Best execution means the most favorable terms for a transaction based on all relevant factors, including those listed above (see “How We Select Brokers/Custodians”). Overall, we believe that commissions you pay to Schwab are the same or lower than those you would otherwise pay if you went directly to Schwab as an individual investor. Page 7  Products and Services Available to Us From Schwab Schwab Advisor Services™ is Schwab’s business serving independent investment advisory firms like ours. They provide us and our clients with access to its institutional brokerage, trading, custody, reporting, and related services—many of which are not typically available to Schwab retail customers. Schwab also makes available various support services. Some of those services help us manage or administer our clients’ accounts, while others help us manage and grow our business. Schwab’s support services generally are available on an unsolicited basis (we don’t have to request them) and at no charge to us. Following is a more detailed description of Schwab’s support services: Services that benefit you: Schwab’s institutional brokerage services include access to a broad range of investment products, execution of securities transactions, and custody of client assets. The investment products available through Schwab include some to which we might not otherwise have access or that would require a significantly higher minimum initial investment by our clients. Schwab’s services described in this paragraph generally benefit you and your account. Services that do not directly benefit you. Schwab also makes available to us other products and services that benefit us but do not directly benefit you or your account. These products and services assist us in managing and administering our clients’ accounts and operating our firm. They include investment research, both Schwab’s own and that of third parties. We may use this research to service all or a substantial number of our clients’ accounts, including accounts not maintained at Schwab. In addition to investment research, Schwab also makes available software and other technology that:  Provide access to client account data (such as duplicate trade confirmations and account statements) Facilitate trade execution and allocate aggregated trade orders for multiple client accounts  Provide pricing and other market data  Facilitate payment of our fees from our clients’ accounts   Assist with back-office functions, recordkeeping, and client reporting Services that generally benefit only us. Schwab also offers other services intended to help us manage and further develop our business enterprise. These services include:  Consultation with Schwab about technology and compliance resources that complement our preferred relationships with outside consulting firms.  Subscription to electronic and hardcopy publications on practice management and regulatory compliance. Schwab provides some of these services itself. In other cases, it will arrange for third-party vendors to provide the services to us. Schwab also discounts or waives its fees for some of these services or pays all or a part of the third party's fees. Schwab also provides us with other benefits, such as occasional business entertainment of our personnel. If you did not maintain your account with Schwab we would be required to pay for these services from our own resources. Page 8  Aggregation of Orders Because we trade primarily in mutual funds, we generally do not have occasion to aggregate the purchase or sale of such securities’ shares in our clients’ accounts, nor would there be any financial advantage for our clients if we did. We occasionally purchase CDs and treasury securities for clients, but do not typically have the opportunity to aggregate such trades or believe that there would be any benefit to doing so. Soft Dollars The receipt of goods and/or services from the custodian in connection with providing advice to clients is seen by the regulators as “soft dollars.” The additional services that we and other independent advisors may receive from Schwab, as disclosed in the section entitled “Products and Services Available to Us From Schwab” above, would fall under this description of soft dollars. ITEM 13: REVIEW OF ACCOUNTS All reviews are performed by Bruce Colin, Principal. Investment Management Accounts are reviewed for consistency with clients’ Investment Policy Statements whenever we talk with you about your investments. Reviews may be initiated by us or initiated by clients upon changes in their financial goals or circumstances. Client accounts are not automatically rebalanced to match the asset allocation goals. When deciding whether to rebalance factors such as market condition and tax consequences are taken into account. Clients receive position and performance reports after the end of each calendar quarter in a password protected vault. Financial Planning The review of financial plans and/or plan components may be initiated by us or by clients upon changes in their financial goals or circumstances. When we review a client’s financial plan or a portion of that plan, we will worth with the client to make sure that our records are correct and up-to-date. If we have built a goals-based planning model on behalf of a client, we will review its underlying assumptions and update the value of any assets and liabilities that may have changed since our prior review. We will then rerun the plan and revisit any changed or updated outcomes. ITEM 14: CLIENT REFERRALS AND OTHER COMPENSATION We receive an economic benefit from Schwab in the form of the support products and services it makes available to us and other independent investment advisors whose clients maintain their accounts at Schwab. These products and services, how they benefit us, and the related conflicts of interest are described above (see “Item 12: Brokerage Practices”). The availability to us of Schwab’s products and services is not based on us giving particular investment advice, such as buying particular securities for our clients. Page 9  We do not directly or indirectly compensate anyone for client referrals. ITEM 15: CUSTODY If you give us authority to deduct our fees directly from your separately managed account, the regulators consider us to have custody of those assets. In order to avoid additional regulatory requirements in these cases, we follow the procedures outlined in “Item 5: Fees and Compensation.” You will also receive monthly statements directly from custodian of the account that details all transactions in the account. They will be sent to the email or postal mailing address you provided. You should carefully review those statements promptly when you receive them and compare them to the separate reports that you receive from us on a quarterly basis. ITEM 16: INVESTMENT DISCRETION We do not accept discretion for client accounts. We will obtain your permission before we make a trade in your account. ITEM 17: VOTING CLIENT SECURITIES We do not accept the authority to vote proxies on your behalf and we do not provide guidance about how to vote proxies. You will receive proxies and other related paperwork directly from your custodian. At the same time, we may receive informational copies of such paperwork and are available to review them with you upon your request. ITEM 18: FINANCIAL INFORMATION We do not charge or solicit pre-payment of more than $1,200 in fees per client six months or more in advance. We have never filed for bankruptcy and are not aware of any financial conditions that are reasonably likely to impair our ability to meet our contractual obligations to clients. Page 10  BROCHURE SUPPLEMENT ITEM 1: COVER SHEET Bruce T. Colin Bruce Colin & Co. 30365 Via Rivera Rancho Palos Verdes, CA 90275 (310) 378-4355 February 1, 2026 This Brochure Supplement provides information about Bruce T. Colin that supplements the Bruce Colin & Co. Brochure. You should have received a copy of that Brochure. Please contact Bruce T. Colin, Principal at (310) 378-4355 or brucec@colinwm.com if you did not receive Bruce Colin & Co.’s Brochure or if you have any questions about the content of this supplement. Additional information about Bruce T. Colin is available on the SEC’s website at www.adviserinfo.sec.gov. ITEM 2: EDUCATIONAL BACKGROUND AND BUSINESS EXPERIENCE Bruce T. Colin was born in 1960. Since 1997, he has been the owner of Bruce Colin & Co., a registered investment advisory firm providing financial planning and investment advice. Mr. Colin has previous teaching experience with Palos Verdes Unified School District and University of California Los Angeles, extension. Educational Background School Name Degree Year Major(s) American Studies & Management Sequence B.A. Claremont McKenna College University of California, Los Angeles M.Ed. 1982 1987 Education Professional Certificate University of California, Los Angeles 1997 Personal Financial Planning  Bruce Colin & Co. Brochure Supplement Bruce T. Colin Professional Designations Certified Financial Planner (CFP) – 2003 The CFP® designation is issued by the Certified Financial Planner Board of Standards, Inc. In order to receive a CFP® designation, a candidate must fulfill the following requirements:  Education. Possess a bachelor’s degree or higher from an accredited college or university. In addition, the candidate must complete a CFP board-registered program including coursework in insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning. Alternatively, a candidate must possess one of the following degrees or designations: CPA, ChFC, Chartered Life Underwriter (CLU), CFA, Ph.D. in business or economics, Doctor of Business Administration, or attorney's license.  Experience. Accumulate three years of full-time personal financial planning experience.  Examination. Pass a comprehensive examination administered in 10 hours over a two-day period.  Ethics. Agree to be bound by CFP Board’s Standards of Professional Conduct. CFP® professionals must complete 30 hours of continuing education every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct. ITEM 3: DISCIPLINARY INFORMATION Registered investment advisors are required to disclose any material facts regarding any legal or disciplinary actions that would be material to your evaluation of each investment advisor representative providing investment advice to you. There is no information of this type to report. ITEM 4: OTHER BUSINESS ACTIVITIES Mr. Colin is not involved in any other business activities. ITEM 5: ADDITIONAL COMPENSATION Mr. Colin does not receive any economic benefit from any non-client for providing advisory services. ITEM 6: SUPERVISION Mr. Colin, Principal, is the owner and sole person providing investment advice on our behalf. His telephone number is (310) 378-4355. Page 2