SENSENIG CAPITAL ADVISORS, INC.

Item 1 - Cover Page 100 Springhouse Drive Suite 107 Collegeville, Pennsylvania 19426 (610) 584-9700 www.sensenigcapital.com April 16, 2025 This brochure provides information about the qualifications and business practices of Sensenig Capital Advisors, Inc. If you have any questions about the contents of this brochure, please contact us at (610) 584-9700. 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 Sensenig Capital Advisors, Inc. is also available on the Internet at www.adviserinfo.sec.gov. You can view information on this website by searching for Sensenig Capital Advisors, Inc.’s name or by using its CRD number: 142821. *Registration as an investment advisor does not imply a certain level of skill or training. Sensenig Capital Advisors, Inc. Disclosure Brochure Page 1  Item 2 – Material Changes Since our last annual update was filed in March 2025, this Disclosure Brochure has been revised as follows: • At Item 15 to describe custody resulting from the firm’s third-party money movement authorizations. We will ensure that you receive a summary of material changes, if any, to this and subsequent disclosure brochures within 120 days after our fiscal year ends. Our fiscal year ends on December 31 so you will receive the summary of material changes, if any, no later than April 30 each year. At that time we will also offer a copy of the most current disclosure brochure. We may also provide other ongoing disclosure information about material changes, as necessary. Clients and prospective clients can always receive the most current Disclosure Brochure for Sensenig Capital Advisors, Inc. at any time by contacting Kevin M. Hartnett at (610) 584-9700. Sensenig Capital Advisors, Inc. Disclosure Brochure Page 2  Item 3 – Table of Contents Item 1 - Cover Page....................................................................................................................................................1 Item 2 – Material Changes .........................................................................................................................................2 Item 3 – Table of Contents .........................................................................................................................................3 Item 4 – Advisory Business ........................................................................................................................................4 Ownership ...............................................................................................................................................................4 General Description of Primary Advisory Services .................................................................................................4 Wealth Management Services............................................................................................................................4 Consulting Services ............................................................................................................................................5 Recurring Consulting Services ...........................................................................................................................5 Pension Consulting Services ..............................................................................................................................6 Limits Advice to Certain Types of Investments .......................................................................................................7 Tailor Advisor Services to Individual Needs of Clients ...........................................................................................8 Wrap-Fee Program versus Portfolio Management Program ..................................................................................8 Client Assets Managed by Advisor .........................................................................................................................8 Item 5 – Fees and Compensation ..............................................................................................................................8 Wealth Management Services Fees .......................................................................................................................8 Consultation Services Fees ....................................................................................................................................9 Recurring Consulting Services Fees ......................................................................................................................9 Recurring Consulting Services - Asset Management Option .......................................................................... 10 Pension Consulting Services ............................................................................................................................... 11 Newsletters .......................................................................................................................................................... 12 Additional Compensation ..................................................................................................................................... 12 Comparable Services .......................................................................................................................................... 12 Item 6 – Performance-Based Fees and Side-By-Side Management ...................................................................... 12 Item 7 – Types of Clients ......................................................................................................................................... 12 Minimum Investment Amounts Required ............................................................................................................. 12 Wealth Management Services......................................................................................................................... 13 Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss .................................................................. 13 Methods of Analysis ............................................................................................................................................. 13 Investment Strategies .......................................................................................................................................... 13 Risk of Loss ......................................................................................................................................................... 14 Primarily Recommend One Type of Security ...................................................................................................... 14 Item 9 – Disciplinary Information ............................................................................................................................. 15 Item 10 – Other Financial Industry Activities and Affiliations................................................................................... 15 Code of Ethics Summary ..................................................................................................................................... 15 Participation in Client Transactions and Personal Trading .................................................................................. 16 Item 12 – Brokerage Practices ................................................................................................................................ 16 Item 13 – Review of Accounts ................................................................................................................................. 17 Item 14 – Client Referrals and Other Compensation .............................................................................................. 17 Item 15 – Custody .................................................................................................................................................... 18 Item 16 – Investment Discretion .............................................................................................................................. 18 Item 17 – Voting Client Securities ........................................................................................................................... 18 Item 18 – Financial Information ............................................................................................................................... 19 Customer Privacy Policy .......................................................................................................................................... 19 Sensenig Capital Advisors, Inc. Disclosure Brochure Page 3  Item 4 – Advisory Business Ownership Sensenig Capital Advisors, Inc. (“Advisor” or “we”) is an investment advisor registered with the Securities and Exchange Commission. We are a corporation formed under the laws of the State of Pennsylvania. Jeremy Brenn is the Advisor’s principal owner. General Description of Primary Advisory Services We offer personalized investment advisory services including wealth management services, asset management ser- vices, consulting services and recurring consulting services. The following are brief descriptions of our primary services. A detailed description is provided in Item 5, Fees and Compensation, so that clients and prospective clients (“clients” or “you”) can review the services and description of fees more thoroughly. Wealth Management Services Our wealth management services combine asset management services with additional services that may be needed based on your unique circumstances and needs. These additional services can include, but are not limited to, income planning, college planning, retirement planning, risk management counsel, estate planning, establishment of and counsel on retirement plans, assistance with assets outside our direct management and document aggregation services. We offer a customized and individualized investment program providing you with advice regarding various asset classes, ongoing assistance with evaluating and selecting investments, adjusting and rebalancing portfolios. We work with you to help determine your specific investment objectives. These objectives may be set forth in a written Investment Policy Statement that describes an asset allocation model conforming to your risk tolerance level and expected rate of return requirements. Investment and portfolio allocation software may be used to evaluate alternative portfolio designs. We evaluate your existing investments with respect to your investment policy statement and work with you to develop a plan to transition from your existing portfolio to a portfolio recommended by us. Our advice may include recommendations on any investments held by you at the start of the advisory relationship. We require that your assets be maintained in a brokerage account with Charles Schwab Institutional, a division of Charles Schwab & Co., Inc. (Schwab). Schwab is a registered broker/dealer and member of SIPC. See Item 12, Brokerage Practices, for additional discussion on our use of Schwab. We assist you in establishing an account through Schwab. There is no minimum account value required to establish or maintain a wealth management account. Schwab maintains custody of your funds and securities. We do not act as custodian and we do not have direct access to your funds and securities except to have advisory fees deducted from your account with your prior written authorization. In providing asset management services, we have trading authorization on your account and provide the management services on a discretionary basis only. Services for a few older client relationships will continue to be provided on a non-discretionary basis at the request of the client. No new non-discretionary accounts will be accepted by the firm. See Item 16, Investment Discretion, for additional discussion on discretionary authority. With respect to clients under legacy non-discretionary engagements, we cannot effect any account transactions without obtaining prior consent to any such transaction(s) from the client. As a result, in the event that we would like to make a transaction for the client’s account, we will be unable to complete the transaction if the client is not available provide timely approval. When providing both asset management and additional wealth management services, we rely on information provided by you. Therefore, it is very important that the information you provide is complete and accurate, and that you keep us updated on changes to your information, as they occur. We are not responsible for verifying the information supplied by you. Our services do not include legal or tax advice. You are urged to work closely with your attorney, accountant or other professionals regarding your financial and personal situation. We may also consult with attorneys, accountants or other professional consultants when providing services, including your own Sensenig Capital Advisors, Inc. Disclosure Brochure Page 4  personal professional consultants. In no event are the services of any professional consultant engaged without your express approval. You are responsible for all fees of the professional consultants. Consulting Services Clients not wishing to contract for our wealth management services can instead contract with us for consultations on any topic(s) of interest or concern to them. These consultations can last for a single meeting or involve several meetings. Consulting services can include retirement and asset allocation advice to participants in benefit plans (e.g., 401(k) plans, pension plans, profit sharing plans, etc.). Our consulting services do not involve implementing any transaction on a client’s behalf or the active and ongoing monitoring or management of their investments or accounts. Clients have the sole responsibility for determining whether to implement our consulting recommendations. If clients want to implement any of our investment recommendations through us or retain us to actively monitor and manage their investments, they must execute a separate written agreement for our wealth management services. Recurring Consulting Services Sensenig Capital Advisors’ consulting services (“Recurring Consulting Services”) are ongoing. The consulting ser- vices will include ongoing access and support from Sensenig Capital Advisors. Sensenig Capital Advisors will pro- vide services that are designed to examine the relative elements of Client’s personal and financial circumstances and make recommendations based upon Client’s specified goals. Relative elements of personal and financial circumstances vary from Client to Client, and the consulting service can include, but are not limited to, the Client’s need or desire for: Investment planning • Cash flow and debt management • Education planning • Risk management and insurance planning • • Tax planning • Retirement savings and income planning • Estate planning Sensenig Capital Advisors’ consulting services process is as follows: • Establishing and defining the relationship with Client • Gathering Client’s data o Determining Client’s personal and financial goals, needs and priorities o Obtaining quantitative information and documents Implementing the financial planning recommendations • Analyzing and evaluating Client’s financial status • Developing & presenting financial planning recommendations • o Agreeing on implementation responsibilities o Selecting products and services for implementation • Monitoring o Defining monitoring responsibilities Although consulting services can include, but are not limited to, the information above, the Client’s plan may not address all possible issues facing the Client. There may be certain topics material to Client which are not addressed during the process and therefore outside of Sensenig Capital Advisors’ control. Sensenig Capital Advisors, Inc. Disclosure Brochure Page 5  Recurring Consulting Services - Asset Management Option Under a separate agreement with Sensenig Capital Advisors the firm can also provide asset management services to clients in the Recurring Consulting Services program. Sensenig Capital Advisors’ asset management services under the Annual Recurring Consulting platform include giving continuous investment advice and/or making investments for you based on your individual needs, goals and objectives. Our customized and individualized investment program provides you with advice regarding various asset classes, ongoing assistance with evaluating and selecting investments, adjusting and rebalancing portfolios. We have trading authorization on your accounts and provide management services on a discretionary basis only. You must appoint our firm as your investment adviser of record on specified accounts (collectively, the “Account”). The Account consists only of separate account(s) held by qualified custodian(s) under your name. The qualified custodians maintain physical custody of all funds and securities of the Account, and you retain all rights of ownership (e.g., right to withdraw securities or cash, exercise or delegate proxy voting and receive transaction confirmations) of the Account. The Account is managed by us based on your financial situation, investment objectives and risk tolerance. We actively monitor the Account and provide advice regarding buying, selling, reinvesting or holding securities, cash or other investments of the Account. We will need to obtain certain information from you to determine your financial situation and investment objectives. You will be responsible for notifying us of any updates regarding your financial situation, risk tolerance or investment objective and whether you wish to impose or modify existing investment restrictions; however, we will contact you at least annually to discuss any changes or updates regarding your financial situation, risk tolerance or investment objectives. We are always reasonably available to consult with you relative to the status of your Account. You have the ability to impose reasonable restrictions on the management of your accounts, including the ability to instruct us not to purchase certain securities. It is important that you understand that we manage investments for other clients and may give them advice or take actions for them or for our personal accounts that is different from the advice we provide to you or actions taken for you. We are not obligated to buy, sell or recommend to you any security or other investment that we may buy, sell or recommend for any other clients or for our own accounts. Conflicts may arise in the allocation of investment opportunities among accounts that we manage. We strive to allocate investment opportunities believed to be appropriate for your account(s) and other accounts advised by our firm among such accounts equitably and consistent with the best interests of all accounts involved. However, there can be no assurance that a particular investment opportunity that comes to our attention will be allocated in any particular manner. If we obtain material, non-public information about a security or its issuer that we may not lawfully use or disclose, we have absolutely no obligation to disclose the information to any client or use it for any client’s benefit. Pension Consulting Services We offer pension consulting services to benefit plan sponsors and to individual participants in benefit plans. We have the option to enlist the services of third party services providers to assist us in providing these services if necessary. Pension consulting engagements can include educational meetings for plan participants designed to give an overview of the plan and its investment selections. No individual participant circumstances are considered and no individual recommendations are given during these meetings. Our representatives can also meet with individual participants to discuss their specific investment risk tolerance, investment time frame and investment selections. Any advice given is limited to investments within the qualified plan. However, if participants wish to receive other advisory services from us, they are required to enter into a separate client agreement with us and are charged fees for those additional services. We can also provide the following services: Sensenig Capital Advisors, Inc. Disclosure Brochure Page 6  • Plan analysis (due diligence reviews of the plan and its investment options) (This is a joint analysis but we present the plan analysis to the sponsor) • Plan assessment of fees and expenses • Plan design recommendations (assisting the plan sponsor and selected third party administrator in establishing a qualified plan, including fiduciary file set-up, selecting a record keeper) Investment policy statement • Conflicts of interest review • Pension consulting services are not management services, and neither we nor our representatives serve as administrator or trustee of the plan itself. Nor do we or our representatives act as custodian for any client account or have access to client funds or securities. In addition, neither we nor our representatives implement any transactions in a benefit plan or participant’s account if the clients elect to implement any recommendations made by us or our representatives. Clients are solely responsible for implementing all transactions. Retirement Plan Rollover Recommendations - To the extent we recommend you roll over your account from a current retirement plan to an individual retirement account (“Rollover IRA”), managed by Sensenig Capital Advisors please know that the firm and our investment adviser representatives have a conflict of interest. We can earn increased investment advisory fees by recommending that you roll over your account at the retirement plan to a Rollover IRA managed by us. We will earn fewer investment advisory fees if you do not roll over the funds in the retirement plan to a Rollover IRA managed by Sensenig Capital Advisors. Thus, our investment adviser representatives have an economic incentive to recommend a rollover of funds from a retirement plan to a Rollover IRA which is a conflict of interest because our recommendation that you open an IRA account to be managed by our firm can be based on our economic incentive and not based exclusively on whether or not moving the IRA to our management program is in your overall best interest. We have taken steps to manage this conflict of interest. We have adopted an impartial conduct standard whereby our investment adviser representatives will (i) provide investment advice to a retirement plan participant regarding a rollover of funds from the retirement plan in accordance with the fiduciary status described below, (ii) not recommend investments which result in Sensenig Capital Advisors receiving unreasonable compensation related to the rollover of funds from the retirement plan to a Rollover IRA, and (iii) fully disclose compensation received by Sensenig Capital Advisors and our supervised persons and any material conflicts of interest related to recommending the rollover of funds from the retirement plan to a Rollover IRA and refrain from making any materially misleading statements regarding such rollover. To the extent we provide you investment advice as a participant in a retirement plan regarding whether to maintain investments and/or proceeds in the retirement plan, roll over such investment/proceeds from the retirement plan to a Rollover IRA or make a distribution from the retirement plan, Sensenig Capital Advisors hereby acknowledges our fiduciary obligations to you with regard to our investment advice about whether to maintain, roll over or distribute proceeds from the retirement plan, and as such a fiduciary with respect to its investment advice to you about whether to maintain, roll over or distribute proceeds from the retirement plan. Our investment advisor representatives shall act with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims, based on the investment objectives, risk, tolerance, financial circumstances, and a client’s needs, without regard to the financial or other interests of Sensenig Capital Advisors or our affiliated personnel. Limits Advice to Certain Types of Investments We generally provide investment advice on the following types of investments: • Exchange-listed securities Sensenig Capital Advisors, Inc. Disclosure Brochure Page 7  • Securities traded over-the-counter • Warrants • Corporate debt securities (other than commercial paper) • Certificates of deposit • Municipal securities • Mutual fund shares • United States government securities Although we generally limit our advice to the investment products listed previously, we reserve the right to offer advice on any product that may be suitable for each client’s specific circumstances, needs, goals and objectives. Please refer to Item 8, Methods of Analysis, Investment Strategies and Risk of Loss for more information. Tailor Advisor Services to Individual Needs of Clients Our services are always provided based on your specific needs. You are given the ability to impose restrictions on your accounts, including specific investment selections and sectors. However, we will not enter into an investment advisor relationship with you if your investment objectives may be considered incompatible with our investment philosophy or strategies or where you seek to impose unduly restrictive investment guidelines. Wrap-Fee Program versus Portfolio Management Program In traditional management programs, advisory services are provided for a fee but transaction services are billed separately on a per-transaction basis. In wrap-fee programs, advisory services and transaction services are provided for one fee. We do not act as a portfolio manager of or sponsor wrap fee programs. Client Assets Managed by Advisor The amount of client’s assets managed by Advisor totaled $188,909,241 as of December 31, 2024, with $181,132,135 managed on a discretionary basis and $7,777,106 managed on a non-discretionary basis. Item 5 – Fees and Compensation In addition to the information provided in Item 4, Advisory Business, this section provides details regarding our services, fees and compensation arrangements. Wealth Management Services Fees We charge for our Wealth Management Services based on a percentage of assets under management. Fees are billed quarterly in arrears and calculated based on the fair market value of the account as of the end of the preceding quarter as follows: Portfolio Value First $2 Million $2,000,001 to 5,000,000 $5,000,001 to $10,000,000 Over $10,000,000 Annual Fee 1.00% 0.75% 0.50% 0.25% When using a blended annual fee schedule, our annual investment advisory fee is calculated by applying different rates to different portions or tiers of the assets under management. Each asset tier shall be assessed a fee per- centage in accordance with the schedule shown above. The cumulative investment advisory fee for the Account shall be a blended rate based on the applicable percentages applied to each asset tier. Sensenig Capital Advisors, Inc. Disclosure Brochure Page 8  Fees are negotiable based on the complexity of your situation, the composition of your account assets and your relationship and history with us. You can “aggregate” or “bundle” your household accounts to reach a higher portfolio value and, therefore, a lower fee. If an agreement for services is executed mid-period, the initial fee is prorated based on the number of days services are provided during the first billing period. In addition, if you make additions or withdrawals to your account of $20,000 or more during a billing period, we make an adjustment to your fee at the end of the billing period. This fee adjustment is procedurally handled similar to your other advisory fees (i.e., deducted from your account or per a billing notice). At your option, fees can be billed directly to you or automatically deducted from your account and paid directly to us by Schwab. If fees are billed directly, they are due upon receipt of our billing statement. If fees are deducted from an account, you are required to provide Schwab with written authorization to have the fees deducted from the account and paid directly to us. If fees are deducted from an account, we send a billing statement to you at approximately the same time we send one to Schwab. The billing statement shows the amount to be deducted, the manner in which the fee was calculated, any adjustments to the fee and an explanation of any such adjustments. At least quarterly, you receive an account statement from Schwab detailing transactions in your account, including advisory fees charged. You should review the account statements received from Schwab and verify that appropriate advisory fees are being deducted. Schwab generally does not charge separately for maintaining custody of your accounts, but may charge brokerage commissions and/or transaction fees directly to you. We do not receive any portion of the commission or fees from either the custodian or from you. In addition, you may incur certain charges imposed by third parties other than us in connection with investments made through your account, including, but not limited to, mutual fund sales loads, 12(b)-1 fees and surrender charges, variable annuity fees and surrender charges and IRA and qualified retirement plan fees. Our fees are separate and distinct from the fees and expenses charged by investment company securities that may be recommended to you. A description of these fees and expenses are available in each security prospectus. Either of us can terminate services at any time by providing written notice to the other party. Termination is effective upon receipt of the notice. If services are terminated, we charge a prorated fee based on the number of days that services were provided prior to receiving the termination notice. Consultation Services Fees We provide consulting services under an hourly fee arrangement. Consultations can involve a single meeting or multiple meetings, as clients determine. Fees for services are charged at an hourly rate of $100-$300 per hour and are negotiable based the complexity of the client’s situation, the actual services requested and their relationship and history with us. The service fee may be waived at the discretion of the Advisor. Fees are payable upon com- pletion of the consultations and receipt of our billing statement. If we provide clients with general recommendations as a part of these consultation services and clients implement those recommendations through us, we may waive or reduce our consulting fees. Consultation services terminate upon completion of the consultations. However, either party can terminate services at any time by providing written notice to the other party. Termination is effective immediately upon receiving the notice. Clients are responsible for the time expended to the date of termination and we provide a billing statement detailing the prorated charge due. Recurring Consulting Services Fees Our recurring consulting service is a program that is customized for each participating client. The fee charged will be dependent upon the participating clients’ needs and the services to be provided by the firm. Fees for Recurring Consulting Services are generally assessed on an annual fixed fee basis and may range up to $10,000 per year. The exact fee to be charged will be specified in your client agreement(s). Sensenig Capital Advisors, Inc. Disclosure Brochure Page 9  The Recurring Fixed Fee of Sensenig Capital Advisors will be charged monthly in arrears. Advisor will issue a billing invoice to the Client at the end of the billing period and payment will be due within 30 days of the Client’s receipt of the billing invoice. The service fee may be waived at the discretion of the Advisor. Sensenig Capital Advisors will charge for consulting services under this Agreement through a third-party processor via ACH withdrawal from Client’s selected bank account. • Client will directly enter bank account/routing number in a system hosted by a third-party processor for ACH payments, • The third-party processor will send a payment confirmation directly to Client after each payment transaction, • Sensenig Capital Advisors will not handle or otherwise have access to the full bank account/routing num- bers of Client used for ACH payments, • Third-party processor’s system will not permit Sensenig Capital Advisors to initiate any change (except to cancel or refund) to an existing charge for consulting services without client’s pre-approval within the third- party processor’s system. At no time will Sensenig Capital Advisors require payment of more than $1,200 in fees more than six months in advance. All fees paid to Sensenig Capital Advisors for services under this Agreement are separate and distinct from the commissions, fees and expenses charged by insurance companies associated with any disability insurance, life insurance and annuities subsequently acquired by Client. If Client sells or liquidates certain existing securities po- sitions to acquire any insurance, Client may also incur a commission and/or deferred sales charges in addition to the consulting fees paid to Sensenig Capital Advisors and any commissions, fees and expenses charged by the insurance company for subsequently acquired insurance and/or annuities. All fees paid to Sensenig Capital Advisors for services under this Agreement are separate and distinct from the fees and expenses charged by mutual funds to their shareholders. These fees and expenses are described in each mutual fund’s prospectus. These fees will generally include a management fee, other fund expenses and a possible distribution fee (known as 12(b)-1 fees). If the mutual fund also imposes sales charges, Client may pay an initial or deferred sales charge. All fees paid to Sensenig Capital Advisors for services under this Agreement are separate and distinct from the commissions charged by a broker-dealer, qualified custodian or asset management fees charged by an investment advisor to implement such recommendations. Either of us can terminate services at any time by providing written notice to the other party. Termination is effective upon receipt of the notice. If services are terminated, we charge a prorated fee based on the number of days that services were provided prior to receipt of the termination notice Recurring Consulting Services - Asset Management Option Clients who engage us for Recurring Consulting Services with asset management will generally incur both an annual fixed fee for Recurring Consulting Services (described above) and a separate asset-based fee for asset manage- ment services. This asset-based fee is billed in arrears (at the end of the billing period) on a quarterly calendar basis and calculated based on the fair market value of your account as of the last business day of the billing quarter. Asset-based fees are prorated (based on the number of days service is provided during the initial billing period) for your account opened at any time other than the beginning of the billing period. If asset management services are commenced in the middle of the billing period, then the prorated fee for that billing period will be billed in arrears at the end of that billing period. Sensenig Capital Advisors, Inc. Disclosure Brochure Page 10  Client accounts included in the program will be held at Schwab Institutional. There is no minimum account size required to establish an account in this program. We do not act as custodian and do not have direct access to your funds and securities except to have advisory fees deducted from your account with your prior written authorization. The annual fee for asset management services provided under this program will be 1.0%. Fees charged for our asset management services are negotiable based on the type of client, the complexity of the client's situation, the composition of the client's account (i.e., equities versus mutual funds), the potential for addi- tional account deposits, the relationship of the client with the investment adviser representative, and the total amount of assets under management for the client. The service fee may be waived at the discretion of the Advisor. The investment advisory fees will be deducted from your account and paid directly to our firm by the qualified custodian(s) of your account. You will authorize the qualified custodian(s) of your account to deduct fees from your account and pay such fees directly to our firm. You should review your account statements received from the qualified custodian(s) and verify that appropriate investment advisory fees are being deducted. The qualified custodian(s) will not verify the accuracy of the invest- ment advisory fees deducted. Schwab Institutional generally does not charge separately for maintaining custody of your accounts. However, the custodian may charge brokerage commissions and/or transaction fees directly to you. We do not receive any portion of the commission or fees from either the custodian or from you. In addition, you may incur certain charges imposed by third parties other than us in connection with investments made through your account, including, but not limited to, mutual fund sales loads, 12(b)-1 fees and surrender charges, variable annuity fees and surrender charges and IRA and qualified retirement plan fees. Our management fees are separate and distinct from the fees and expenses charged by investment company securities that may be recommended to you. A description of these fees and expenses are available in each security prospectus. Either of us can terminate services at any time by providing written notice to the other party. Termination is effective upon receipt of the notice. If services are terminated, we charge a prorated fee based on the number of days that services were provided prior to receipt of the termination notice. Pension Consulting Services For retirement plan sponsor clients, we will charge an annual fee that is calculated as a percentage of the value of plan assets. This fee is negotiable based upon the complexity of the plan, the size of the plan assets, the actual services requested, the representative providing the services and the potential for additional deposits. The annual fee is based on assets under management and actual services requested and can be between a range of 0.100% - 0.750%. This fee is negotiable based the actual services requested to be provided, such as whether or not ongoing monitoring is required and the number of employee education meetings requested. If a third-party provider is utilized in providing services to our Pension Consulting clients the Third Party will receive a portion of the fee charged in accordance with the schedule above. There is no additional fee charged for participants to use our individual investment advice services relative to plan assets. Fees are billed quarterly in arrears and calculated as of the plan value on the last day of the billing quarter. Fees are prorated and billed in arrears for any plan or account created mid-quarter with the following quarter billed in advance. Clients can elect to have the fee deducted from their account or billed directly and due upon receipt of a billing notice from us. If the plan sponsor elects to have fees automatically deducted from the plan account, the sponsor provides Sensenig Capital Advisors, Inc. Disclosure Brochure Page 11  written authorization to the plan custodian and/or third-party administrator for the advisory fees to be deducted from the plan account and paid directly to us. If fees are deducted from plan assets, we do not send a billing notice to the trustees. We, the plan trustee, the third party administrator and/or record keeper all receive executed copies of the fee authorization documents at the onset of the plan. At least quarterly, the plan custodian sends an account statement that includes the advisory fees deducted from the plan account. If billed directly, we send a billing invoice to the plan sponsor within 15 days of the end of the quarter. Fees are due upon when the sponsor receives the billing invoice. If we do not receive payment within 45 days of the billing invoice date, the plan sponsor authorizes us to automatically deduct fees from plan account assets. Pension consulting services are for a one year period and automatically renew on the one year anniversary of the original client agreement being signed. Services are renewed on the same terms and conditions as contained in the original agreement. However, if there is a change in services or fees, a new client agreement is required. Services can be terminated by either party by providing written notice to the other and termination is effective 30 days from the date notice is received. During that 30 day period, our representatives finish up any activities they are working on but do not begin any new services without express instruction from the client. If services are terminated within five business days of signing the client agreement, services are terminated without penalty. Any prepaid but unearned fees are promptly refunded to the client at the effective date of termination. Newsletters We provide email newsletters to clients approximately 12 times per year through e-mail. The newsletters are informational and educational in nature and no specific investment recommendations are made. Besides existing clients, other individuals (i.e., prospective clients, industry peers, interested parties, etc.) can receive the newsletters by contacting us and requesting to be added to our mailing list. There is no charge for receiving these newsletters. Additional Compensation We do not receive any additional compensation other than that discussed in Item 12, Brokerage Practices. Comparable Services We believe our fees for advisory services are reasonable with respect to the services provided and the fees charged by other investment advisors offering similar services. However, lower fees for comparable services may be avail- able from other sources. Item 6 – Performance-Based Fees and Side-By-Side Management Performance-based fees are defined as fees based on a share of capital gains on or capital appreciation of the assets held in a client’s account. We do not charge performance-based fees. Item 7 – Types of Clients Advisor generally provides investment advice to the following types of clients. Individuals (including high net worth individuals) • • Pension and profit sharing plans • Trusts, estates, or charitable organizations All clients are required to execute an agreement for services in order to establish a client arrangement with us. Minimum Investment Amounts Required Sensenig Capital Advisors, Inc. Disclosure Brochure Page 12  Wealth Management Services There is no minimum amount required to establish or maintain Wealth Management Services. Recurring Consulting Services There is no minimum fee required to establish or maintain Recurring Consulting Services. Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss Methods of Analysis Advisor’s security analysis is based on a number of factors including those derived from commercially available software technology, securities rating services, general market and financial information, due diligence reviews and specific investment analysis that clients may request. Our investment advice is based on long-term investment strategies incorporating the principles of Modern Portfolio Theory. Our investment approach is firmly rooted in the belief that markets are efficient and that investors' returns are determined principally by asset allocation decisions, not by market timing. We focus on developing globally diversified portfolios, principally through the use of passively managed mutual funds and exchange traded funds that are generally available only to institutional investors and clients of a network of select investment advisors. We also use fundamental analysis when considering investment strategies and recommendations for our clients. Fundamental analysis is a method of evaluating a company or security by attempting to measure its intrinsic value. In other words, an analyst tries to determine its true value by looking at all aspects of the business, including both tangible factors (e.g., machinery, buildings, land, etc.) and intangible factors (e.g., patents, trademarks, “brand” names, etc.). Fundamental analysis also involves examining related economic factors (e.g., overall economy and industry conditions, etc.), financial factors (e.g., company debt, interest rates, management salaries and bonuses, etc.), qualitative factors (e.g., management expertise, industry cycles, labor relations, etc.), and quantitative factors (e.g., debt-to-equity and price-to-equity ratios). The end goal of performing fundamental analysis is to produce a value that an investor can compare with the security's current price in hopes of figuring out what sort of position to take with that security (underpriced = buy, overpriced = sell). Fundamental analysis is about using real data to evaluate a security's value. Although most analysts use fundamental analysis to value stocks, this method of valuation can be used for just about any type of security. Fundamental analysis takes a long-term approach to analyzing markets, often looking at data over a number of years. The data reviewed is released over years (e.g., quarterly financial statements). Therefore, fundamental anal- ysis could mean a gain is not realized until a security’s market price rises to its “correct” value over the long run-- perhaps several years. Using fundamental analysis usually results in less frequent trading practices. This could have a positive or negative impact on your portfolio value, but likely has reduced brokerage and transaction costs. Investment Strategies We primarily use long term purchases (investments held at least one year) when implementing investment advice, although short term purchases (investments sold within one year) may be used also. Although all investments involve risk, Advisor’s investment recommendations seek to limit risk through broad global diversification and investment in high-quality fixed income securities. Our investment philosophy is designed for investors who desire a buy and hold strategy, with an investment time horizon of a minimum of five years, and preferably longer. Frequent trading of securities increases transaction costs that our investment philosophy seeks to minimize. Sensenig Capital Advisors, Inc. Disclosure Brochure Page 13  Our main sources of information are financial newspapers and magazines, inspections of corporate activities, research materials prepared by others, annual reports, prospectuses and filings with the Securities and Exchange Commission, company press releases and mutual fund information direct from the fund company and/or Morningstar. Risk of Loss Investing in securities involves a risk of loss that clients should be prepared to bear, including loss of original principal. However, you should be aware that past performance of any security is not necessarily indicative of future results. Therefore, you should not assume that future performance of any specific investment or investment strategy will be profitable. We do not provide any representation or guarantee that your goals will be achieved. Investing in securities involves risk of loss. Further, depending on the different types of investments, there may be varying degrees of risk: • Market Risk. Either the market as a whole, or the value of an individual company, goes down, resulting in a decrease in the value of client investments. This is referred to as systemic risk. to fluctuations and • Equity (Stock) Market Risk. Common stocks are susceptible to volatile increases/decreases in value as their issuers’ confidence in or perceptions of the market change. Investors holding common stock (or common stock equivalents) of any issuer are generally exposed to greater risk than if they hold preferred stock or debt obligations of the issuer. • Company Risk. There is always a certain level of company or industry specific risk when investing in stock positions. This is referred to as unsystematic risk and can be reduced through appropriate diversification. There is the risk that a company may perform poorly or that its value may be reduced based on factors specific to it or its industry (e.g., employee strike, unfavorable media attention). • Fixed Income Risk. Investing in bonds involves the risk that the issuer will default on the bond and be unable to make payments. In addition, individuals depending on set amounts of periodically paid income face the risk that inflation will erode their spending power. Fixed-income investors receive set, regular payments that face the same inflation risk. • ETF and Mutual Fund Risk. ETF and mutual fund investments bear additional expenses based on a pro-rata share of operating expenses, including potential duplication of management fees. The risk of owning an ETF or mutual fund generally reflects the risks of owning the underlying securities held by the ETF or mutual fund. Clients also incur brokerage costs when purchasing ETFs. • Management Risk. Your investments also vary with the success and failure of our investment strategies, re- search, analysis and determination of portfolio securities. If our strategies do not produce the expected returns, the value of your investments will decrease. Primarily Recommend One Type of Security We primarily recommend passively managed mutual funds, but may also recommend public real estate investment trusts (REITS) and commodities index funds for certain clients who desire to include real estate or commodities in their asset allocation strategy. We typically create a portfolio of passively managed mutual funds and may use model portfolios if the models match a client's investment policy. We allocate a client's assets among various investments taking into consideration the client’s unique ability, need and willingness to take risk. Mutual funds that follow a passive investment philosophy generally have low holdings turnover. Consequently, the fund expenses are generally lower than fees and expenses charged by other types of funds. Client portfolios may also include some individual equity securities but these are generally part of clients’ investment holdings prior to working with us. While we primarily recommend mutual funds, we reserve the right to recommend any product that may be suitable for each client relative to their specific circumstances and needs. Sensenig Capital Advisors, Inc. Disclosure Brochure Page 14  Item 9 – Disciplinary Information There are no legal or disciplinary events that are material to your evaluation of our business or the integrity of our management that are required to be disclosed. Item 10 – Other Financial Industry Activities and Affiliations Advisor does not have a related person that is: • A broker/dealer, municipal securities dealer or government securities dealer or broker • An investment company or other pooled investment vehicle (including a mutual fund, closed-end investment company, unit investment trust, private investment company or “hedge fund,” and offshore fund) • An investment adviser or financial planner • A futures commission merchant, commodity pool operator or commodity trading advisor • A banking or thrift institution • An accountant or accounting firm • An insurance company or agency • A lawyer or law firm • A pension consultant • A real estate broker or dealer • A sponsor or syndicator of limited partnerships. We are an independent registered investment advisor and are not engaged in any other business activities and offer no other services except those described in this Disclosure Brochure. Other Business Activities of Company Principals Jeremy C. Brenn and Kevin M. Hartnett are also involved as owners of the Oaks Venture Partners LLC a Real Estate investment entity. Clients are not solicited to invest in this investment and collectively they spend less than 5% of their time on this activity. Item 11 – Code of Ethics, Participation in Client Transactions and Personal Trading Code of Ethics Summary According to the Investment Advisers Act of 1940, an investment advisor is considered a fiduciary. As a fiduciary, it is an investment advisor’s responsibility to provide fair and full disclosure of all material facts. In addition, an investment advisor has a duty of utmost good faith to act solely in your best interests. Both we and our investment advisor representatives have a fiduciary duty to you. We have established a Code of Ethics which all associated persons must read. They must then execute an acknowledgment stating that they understand and agree to comply with our Code of Ethics. Our fiduciary duty to you is considered the core underlying principle for our Code of Ethics and represents the expected basis for all dealings with clients. We have the responsibility to make sure that your interests are placed ahead of our own investment interests. All associated persons will conduct business in an honest, ethical and fair manner. All associated persons will comply with all federal and state securities laws at all times. Full disclosure of all material facts and conflicts of interest will be provided to you prior to services being conducted. Sensenig Capital Advisors, Inc. Disclosure Brochure Page 15  All associated persons have a responsibility to avoid circumstances that might negatively affect or appear to affect their duty of complete loyalty to you. This section is only intended to provide you with a description of our Code of Ethics. If you wish to review our Code of Ethics in its entirety, a copy may be requested from any of our associated persons and a copy will be provided promptly. Participation in Client Transactions and Personal Trading We may buy or sell securities or have an interest or position in a security for our personal account which is also recommended to you. We are now and will continue to be in compliance with applicable state and federal rule and regulations. As these situations can represent a conflict of interest, it is our policy that no associated person will prefer his or her own interest to your interest. No person employed by us may purchase or sell any security prior to a transaction or transactions being implemented for an advisory account. Associated persons will not buy or sell securities for their personal account(s) where their decision is derived, in whole or in part, by information obtained as a result of his/her employment unless the information is also available to the investing public upon reasonable inquiry. To help avoid additional conflicts if we buy or sell securities for client accounts at or about the same time that we buy or sell the same security for our own or for a related person’s account, it is our policy that personal account transactions are only made toward the end of the trading day (i.e., 3:00-4:00 p.m.) Item 12 – Brokerage Practices You are free to select any broker/dealer or investment advisor you wish. If we assist you in implementing any recommendations, we have a duty to ensure that you receive the best execution possible. Best execution does not necessarily mean the lowest price but includes the overall services received from a broker/dealer. If you contract for our wealth management services, we require you to establish a brokerage account at Schwab. Schwab provides us with access to its institutional trading and custody services, which are typically not available to Schwab retail investors. These services are generally available to independent investment advisors on an unsolicited basis, at no charge to the advisors so long as (1) at least $10 million of the advisor's clients' assets are maintained in accounts at Schwab, and (2) is not otherwise contingent upon our committing to Schwab any specific amount of business (assets in custody or trading). Schwab’s services include brokerage, custody, research and access to mutual funds and other investments that are otherwise generally available only to institutional investors or would require a significantly higher minimum initial investment. Schwab also makes available to us other products and services that benefit us but may not benefit our clients' accounts. Some of these other products and services assist us in managing and administering client accounts. These include software and other technology that: • Provide access to client account data (such as trade confirmation and account statements) • Facilitate trade execution (and allocation of aggregated trade orders for multiple client accounts) • Provide research, pricing information and other market data • Facilitate payment of our fees from client accounts • Assist with back-office functions, recordkeeping and client reporting. Many of these services generally may be used to service all or a substantial number of our accounts, including accounts not maintained at Schwab. Schwab also makes available other services intended to help us manage and further develop our business. These services may include: Information technology • Consulting, publications and conferences on practice management • • Business succession • Regulatory compliance • Marketing Sensenig Capital Advisors, Inc. Disclosure Brochure Page 16  In addition, Schwab may make available, arrange and/or pay for these types of services rendered to us by independent third party providing these services to us. As a fiduciary, we endeavor to act in your best interest. Our recommendation that you maintain your assets in accounts at Schwab may be based in part on the benefit to us in the availability of some of the foregoing products and services and not solely on the nature, cost or quality of custody and brokerage services provided by Schwab. This can create a conflict of interest. If you are an existing client with a current asset management agreement, we recommend that you use Schwab; however, you can select a broker/dealer or account custodian other than Schwab. You are under no obligation to act on our recommendations. When you direct us to use a particular broker/dealer or other custodian, we may not be able to obtain the best price and execution for the transaction. If you direct the use of a particular broker/dealer or custodian, you may receive less favorable prices than would otherwise be the case if you had not designated a particular broker/dealer or custodian. Further, we may place directed trades after effecting non-directed trades. You should understand that not all investment advisors require the use of a particular broker/dealer. While we attempt to seek best execution for client accounts, we may be unable to achieve the most favorable execution of your transactions if you direct the use of a specific custodian. There may be other platforms that are less expensive and may provide faster execution capabilities. Our client trades are generally effected independently, but there may be instances where we determine to purchase or sell the same security(ies) for several clients at approximately the same time. In such situations, we may (but are not obligated to) combine or “bunch” such orders to seek best execution, to negotiate more favorable commission rates, or to equitably allocate differences in prices and commissions or other transaction costs amongst our clients. Under this process, transactions will be averaged as to price and will be allocated among clients in proportion to the purchase and sale orders placed for each client account on any given day. We will not receive any additional compensation as a result of this order aggregation process. Item 13 – Review of Accounts Financial planning services terminate upon completion of the consultations and no reviews are conducted. Managed accounts are usually reviewed on a quarterly basis or more if specifically needed. Each of our investment advisor representatives is responsible for reviewing their own accounts. While the calendar is the main triggering factor, reviews can also be conducted due to: • Client request • A change in client circumstances • Unusual market activity or economic conditions • Portfolio developments (i.e., merger, spin-off, tender offer or significant price swing of an individual equity held) • Significant additions or withdrawals of cash in the portfolio We review accounts and check on the accuracy of the holdings, check that your investment products remain suitable and also that account performance continues to work toward your goals and objectives. You receive account statements at least quarterly from the account custodian. In addition, if you meet with us and request it, we provide a report that includes data on individual tax lots, capital gains and losses and investment performance. Item 14 – Client Referrals and Other Compensation Client Referrals We do not directly or indirectly compensate anyone for referring clients to us. Sensenig Capital Advisors, Inc. Disclosure Brochure Page 17  Non-Client Economic Benefit Please see Item 12, Brokerage Practices, for discussion about the services and products we may receive when utilizing Schwab as the qualified custodian for managed accounts. Item 15 – Custody Custody, as it applies to investment advisors, has been defined as having access or control over client funds and/or securities, but does not include the ability to execute transactions in client accounts. Custody is not limited to physically holding client funds and securities. If an investment advisor has the ability to access or control client funds or securities, the investment advisor is deemed to have custody for purposes of the Investment Advisers Act of 1940 and must ensure proper procedures are implemented. Please note that regulators have deemed the authorization to trade in client accounts to not be custody. However, we are deemed to have custody of client funds and securities whenever we are given the authority to have fees deducted directly from client accounts. In addition, certain clients have signed asset transfer authorizations that permit their qualified custodian to rely upon instructions from us to transfer those clients’ funds to pre-identified “third parties,” which arrangements are deemed to be custody by federal regulators. For accounts where we are deemed to have custody, we have established procedures to ensure all client funds and securities are held at a qualified custodian in a separate account for each client under that client’s name. You or your independent representative direct, in writing, the creation of all accounts and are therefore aware of the qualified custodian’s name, address and the manner in which the funds or securities are maintained. Account statements are delivered directly from the qualified custodian to you or your independent representative at least quarterly. You should carefully review those statements. When you have questions about your account statements, you should contact us or the qualified custodian preparing the statement. In addition, with respect to custody resulting from our asset transfer authority, we disclose these accounts as being subject to custody on Form ADV Part 1, but in accordance with the guidance provided in the SEC Staff’s February 21, 2017 Investment Adviser Association No-Action Letter, the affected accounts are not subjected to an annual surprise CPA examination. Item 16 – Investment Discretion In addition to having trading authority on your accounts, we may manage assets on a discretionary basis. Assets managed under the wealth management services program are managed on a discretionary basis only. If managed on a discretionary basis, we make all decisions to buy, sell or hold securities, cash, or other investments in the managed account in our sole discretion without consulting with you before implementing any transactions. You must provide us with written authorization to exercise this discretionary authority. As stated above certain legacy accounts have been grandfathered in to allow non-discretionary management. This option is not available to clients not previously granted an exemption to remain non-discretionary. When discretionary authority is granted, it is limited. We do not have access to your funds and/or securities with the exception of having advisory fees deducted from your account and paid to us by the account custodian. Any fee deduction is done pursuant to your prior written authorization provided to the account custodian. You have the ability to place reasonable restrictions on the types of investments that may be purchased in an account. You may also place reasonable limitations on the discretionary power granted to us so long as the limitations are specifically set forth or included as an attachment to the client agreement. Item 17 – Voting Client Securities Sensenig Capital Advisors, Inc. Disclosure Brochure Page 18  We do not vote proxies or accept proxy materials on your behalf. All proxy materials are sent directly to you from the product sponsor, custodian or transfer agent. You should read through the information provided with proxy- voting documents and make a determination based on the information provided. However, if you request it, our investment advisor representatives may provide limited clarifications of the issues presented in the proxy-voting materials based on his or her understanding of issues presented in the materials. But you have the ultimate responsibility for making all proxy-voting decisions. Item 18 – Financial Information This item is not applicable to our brochure. We do not require or solicit prepayment of more than $1,200 in fees per client, six months or more in advance. Therefore, we are not required to include a balance sheet for its most recent fiscal year. We are not subject to a financial condition that is reasonably likely to impair our ability to meet contractual commitments to clients. Finally, we have not been the subject of a bankruptcy petition at any time. Customer Privacy Policy Guiding Principles The relationship between Sensenig Capital Advisors, Inc. (SCA) and our clients is the most important asset of our firm. We strive to maintain your trust and confidence in our firm, an essential aspect of which is our commitment to protect your personal information to the best of our ability. We believe that all of our clients value their privacy, so we will not disclose your personal information to anyone unless it is required by law, at your direction, or is necessary to provide you with our services. The personal information that we collect and maintain. In order to provide investment management service to you, the types and categories of information SCA collects and maintains include: • • • Information we receive from you to open an account or provide investment advice to you (such as your home address, telephone number, e-mail address and financial information); Information that we generate to service your account (such as portfolio appraisals and tax information); Information that we may receive from third parties with respect to your account (such as trade confirmations and monthly statements from brokerage firms and banks). How we protect your personal information. To fulfill our privacy commitment at SCA, we have instituted firm-wide practices to safeguard the information that we maintain about you. These include: • Requiring third parties that perform services for us to agree by contract to keep your information strictly confidential. • • Requests for certain client information via telephone or the Internet by unauthorized third parties will be referred to the Chief Compliance Officer of SCA, in order to eliminate potential illegal “phishing” activity. Inclusion of password protected attachments to email correspondence containing personal and financial client information. • Protecting information of our former clients to the same extent as our current clients. However, in order for SCA to provide investment management services to you, we do disclose your personal infor- mation in very limited instances, which include: • Disclosures to entities – subject to strict confidentiality procedures – that perform services on our behalf (for example, technology consultants); and • Disclosures to companies necessary to service your account (such as providing account information to brokers and custodians). Sensenig Capital Advisors, Inc. Disclosure Brochure Page 19