Urban Financial Advisory Corporation

Urban Financial Advisory Corporation Form ADV Part 2A - Disclosure Brochure 33 North LaSalle Street, Suite 1210 Chicago, IL 60602 (312) 379-0150 Website: www.ufinadv.com September 30, 2026 CRD #110057 This brochure provides information about the qualifications and business practices of Urban Financial Advisory Corporation. If you have any questions about the contents of this brochure, please contact the us at (312) 379-0150 or at info@ufinadv.com. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission (SEC) or by any state securities authority. Urban Financial Advisory Corporation is a registered investment adviser with the SEC. You should be aware that the registration of an investment adviser does not imply any particular level of skill or training. The oral and written communications of an adviser provide you with information which you may determine to be pertinent in your decision to hire or retain an adviser. Additional information about Urban Financial Advisory Corporation also is available on the SEC’s website at www.adviserinfo.sec.gov by searching with firm’s name or CRD #110057.  Item 2 – Material Changes Urban Financial Advisory Corporation’s address has been changed from 221 N. LaSalle Street, Suite 764, Chicago, IL 60601 to 33 N. LaSalle Street, Suite 1210, Chicago, IL 60602. With regards to this amendment dated September 30, 2026, there have been no further material changes made to the previous Disclosure Brochure dated September 30, 2025. In the past, we have offered or delivered information about our qualifications and business practices to clients on at least an annual basis. Pursuant to new SEC Rules, we will ensure that you receive a summary of any material changes to this and subsequent Brochures within 120 days of the close of our business’ fiscal year, which occurs on June 30th. We may further provide other ongoing disclosure information about material changes as necessary. We will further provide you with a new brochure as necessary based on changes or new information, at any time, without charge. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 2  Item 3 – Table of Contents Item 2 – Material Changes ................................................................................................ 2 Item 3 – Table of Contents ................................................................................................ 3 Item 4 – Advisory Business ............................................................................................... 4 Item 5 – Fees and Compensation...................................................................................... 5 Item 6 – Performance-Based Fees and Side-By-Side Management .................................. 7 Item 7 – Types of Clients ................................................................................................... 7 Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss ............................ 8 Item 9 – Disciplinary Information ....................................................................................... 9 Item 10 – Other Financial Industry Activities and Affiliations............................................ 10 Item 11 – Code of Ethics ................................................................................................. 10 Item 12 – Brokerage Practices ........................................................................................ 11 Item 13 – Review of Accounts ......................................................................................... 11 Item 14 – Client Referrals and Other Compensation ....................................................... 12 Item 15 – Custody ........................................................................................................... 12 Item 16 – Investment Discretion ...................................................................................... 13 Item 17 – Voting Client Securities .................................................................................... 14 Item 18 – Financial Information ....................................................................................... 14 Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 3  Item 4 – Advisory Business Urban Financial Advisory Corporation (UFAC) was founded in 1990 by the current firm president, Steven D. Urban. UFAC is registered as a registered investment advisor with the U.S. Securities and Exchange Commission in July 1994. Please see the Firm’s Form ADV Part B (Brochure Supplement) for more information regarding Mr. Urban and other principals within the firm. UFAC is an independent financial planning and investment advisory firm located in Chicago, Illinois. In the following description of our advisory business, “we” or “our” will refer to UFAC and “you” or “your” will refer to our existing or prospective clients. We believe the best way to provide an understanding of our advisory business is to describe the process we generally engage in with one of our typical clients. Although we consider ourselves an investment advisory firm, commonly, we would begin to work with you by providing some level of financial planning services using eMoney Advisor Platform. Depending on one’s particular circumstances, initial financial planning does not necessarily have to be the starting point, but it is usually mutually determined to be appropriate. Financial planning services are quite distinct from investment advisory services, but we believe them to be so integral to the delivery of the latter that they require further explanation. The financial planning process would be described to you initially in a written proposal. The financial planning process involves gathering financial information from you and discussing your goals and objectives with you. Often, there is a major financial event triggering the need for the planning such as retirement or an inheritance, but sometimes it could be for no other reason than that no significant planning has ever or recently been done. With the financial data provided, we create personalized financial projections consisting of cash flow and account, and asset values. We have found that a comprehensive and consultative review of these projections is the most effective means of identifying, prioritizing and understanding a host of financial planning issues. Further, we believe that investment policy can best be formulated because of thorough review of the financial projections. Investment policy is comprised of the standards and rules you establish for the investment and ongoing management of your portfolio. Your portfolio is comprised of the various types of financial accounts you may have. Therefore, as part of the financial planning review, we will also suggest and explain to you an investment policy for your portfolio. We would generally conclude the planning process by providing you with a written summary of conclusion and recommendations. The summary would reiterate the rationale underlying the investment policy suggested during the planning session(s). Also, the summary would be considered the end of the planning portion of the engagement and an invoice per the estimate provided in the original proposal would be included. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 4  At this point, you would be free to implement the investment policy suggested on your own, direct and monitor another in doing so or to continue to evaluate alternative approaches. There would be no commitment or requirement to retain us to implement or monitor the investment policy suggested. However, our general experience has been that many individuals interested in utilizing the investment policy suggested will contract with us for such services. Should you decide to utilize our firm for investment advisory services, we would generally provide you with an investment policy statement which would reiterate the policy suggested during the planning. You would also be provided with an investment advisory contract, which would spell out the rights and duties of our relationship. Upon execution of these documents, you would establish accounts over, which we would have a limited trading authorization (For more information on brokerage accounts, please see Item 12, Brokerage Practices). When accounts are funded, we would then engage in deployment of the funds within the accounts of the portfolio pursuant to the terms of the investment policy (For specifics on many of the aspects of ongoing portfolio management, please see Item 8, Methods of Analysis, Strategies and Risk of Loss). In general, our firm does not limit its advice to any specific type of investment. Each quarter, most clients would be provided with a detailed performance report for their portfolio using our Portfolio Management software, Advyzon. The report will explain in detail the performance of the overall portfolio as well as its specific components. It also would generally discuss the economic environment as well as provide a detailed explanation of any anticipated changes within the portfolio during the current period. In addition to performance reporting, we consider these quarterly performance reports as ongoing updates to the investment policy statement. Our firm has utilized this approach toward the delivery of financial planning and investment advisory services since its inception. As of June 30, 2026, UFAC manages investment advisory client assets in the amount of $1,493,295,703. Of this amount, $1,388,274,219 is managed on a discretionary basis pursuant to an agreed upon investment policy, and $105,021,484 is managed on a non- discretionary basis, throughout approximately 260 portfolios. The balance of funds is maintained for our clients on a non-discretionary basis. Item 5 – Fees and Compensation UFAC is compensated for investment advisory services generally based on a percentage of the assets under discretionary management. On occasion, a flat management fee may be negotiated with the client, but this is usually in cases where more limited advisory services are required by the client. Certain clients may have negotiated a reduction to the published fees based upon the qualitative nature of the relationship. The published investment advisory fee structure includes the provision of financial planning services necessary to maintain the investment policy for the portfolio. Extraordinary financial planning services beyond what would be necessary to maintain the agreed Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 5  upon investment policy may require additional planning fees, which would be quoted prior to the initiation of service delivery. For example, if the client inherited a large sum of money after having retired for several years, this may necessitate more extensive planning than envisioned within the original retirement plan. We would identify such situations ahead of time and alert the client of the potential requirement for additional financial planning, which they could agree to or decline. UFAC does not receive any commissions, loads or referral fees on any investment service or product. Although the firm may perform due diligence or consulting on various types of financial products such as insurance or annuities, the firm does not offer or sell any such products. Clients either pay a quarterly investment advisory fee based upon assets under management (between .10% (10 basis points) and .05% (5 basis points)) depending on the size of the portfolio, generally subject to a $1,250 per quarter minimum fee, or pay a fixed quarterly fee on a pre-negotiated basis. An initial portfolio set-up fee may also apply and is generally $1,000. UFAC generally imposes a minimum dollar value of $1,000,000 in assets for initiating services, although in certain circumstances this may be waived. Some clients with older investment advisory contracts have lower rates and fees. The investment advisory fee structure is as follows: Schedule of Investment Advisory Services Fees Discretionary Amount Under Management Annual Rate Quarterly Billing Rate Minimum on first $3,000,000 0.40% or $12,000 0.100% or $3,000 Next $7,000,000 up to $10,000,000 0.30% 0.0750% Above $10,000,000 0.20% 0.0500% The specific way the fees are charged is established in the investment advisory contract. We will generally bill investment advisory fees in advance on a quarterly basis at the beginning of each quarter. Fees are based on the quarter end value of the account as of the last business day of the prior quarter. If you establish an account during a quarter, we will pro- rate the management fee based on the number of days remaining in the quarter. You may elect to be billed directly for the fees or, for your convenience; you may authorize us to directly debit fees from your account(s). Where fees are directly debited from your account(s), you would still be provided with a statement beforehand showing the calculation of the fees for that period. Upon termination of an account, any prepaid, unearned fees would be refunded, and any earned, unpaid fees would be due and payable. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 6  Our investment advisory fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses that may be incurred. For example, you may incur certain charges imposed by custodians, brokers, and other third parties. Such fees may include transaction fees or commissions on the purchase or sale of mutual funds or equity securities such as stocks. Other such fees may include fees charged by fund managers or broker custodians such as custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities transactions. Mutual funds and exchange traded funds also charge internal management fees, which are disclosed in a fund’s prospectus. Such charges, fees and commissions are exclusive of and in addition to our investment advisory fee and we do not receive any portion of these other commissions, fees, and costs. Item 12 further describes the factors that UFAC considers in selecting or recommending broker- dealers for client transactions and determining the reasonableness of their compensation (e.g., commissions). Item 6 – Performance-Based Fees and Side-By-Side Management We do not charge any performance-based fees (fees based on a share of capital gains or capital appreciation of the assets within an account or portfolio) or manage accounts on a side-by-side basis (simultaneous management of other funds, such as private equity or hedge funds). Item 5 is a comprehensive description of our only policy with respect to investment advisory fees. Item 7 – Types of Clients Our clients are generally mid-to-high net-worth individuals seeking financial planning and investment advice from an objective source which is not affiliated with a larger institution. We service clients located across the United States as well as several residing overseas. We may also provide investment advisory services to other entities such as trusts, businesses such as partnerships or limited liability companies, retirement plans, estates or charitable organizations, but generally, such entities are related to the client who is an individual. We have extensive experience providing comprehensive retirement planning services for employees of BP plc and predecessor companies. This work requires detailed knowledge of BP plc’s qualified and non-qualified retirement, savings and compensation and incentive plans. This experience also has broad application in allowing us to deliver similar services to employees of other corporations and partnerships. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 7  Although there is no minimum account size necessary to engage us to provide financial planning services, as described more fully in item 5, there are minimum investment advisory fees implying a portfolio of at least $1,000,000, although in certain circumstances this may be waived. Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss With the financial planning process more fully discussed above in Item 5, we will describe to you in some detail the rationale behind the generally suggested investment policy. In this section, we will also briefly describe our methodology of deploying and monitoring the strategy. The investment policy we generally suggest to you is based on the premise that time and diversification are the most critical considerations in investment policy development. This is further based on the premise that, over the longer term, income-oriented assets (cash and bonds) fail to provide an adequate hedge to inflation since, after the effects of taxes and inflation, expected return is nominal. To achieve a higher total expected rate of return, investments in growth-oriented assets (equities and real estate) are required. Since growth-oriented assets carry significantly more risk (volatility) than fixed income, the firm advises that only funds which can be committed for the longer term are appropriate for growth-oriented investment. This is why there is a strong emphasis on initial financial planning. We believe it is critical to have a process to help define what portion of your assets can be committed for the longer term. Thus, your financial projections are referenced to determine when you may likely need to access funds from your portfolio. For those funds you require in the short to intermediate term, we will suggest that those be directed to cash and bond exposure. For the funds which you can prove will not likely be required for the longer term, we will suggest to you that those be directed toward equity exposure. We would further suggest that this policy be implemented and maintained on an ongoing basis. This approach can mean that two similar people with alike sized portfolios may have distinctly different portfolio allocations based upon when each had a requirement to draw funds from their accounts. If one had no requirements to draw funds from their portfolio for several years, they may have a very high, if not complete, orientation toward growth or equities. The other individual may need to draw from the portfolio immediately and over the next several years. We would then suggest that those expected drawings from the portfolio be represented by cash and bond exposure. The result would be a lower exposure to growth in the latter portfolio. Note that in this process, to this point, your personal attitude, or what we call subjective tolerance to risk, has not been considered. In our opinion, that is better achieved at the end of this process. For example, if the client who has no need to draw capital from his portfolio over the longer term sees that we suggest a complete orientation toward equity exposure, they may indicate that they personally cannot tolerate that level of potential volatility. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 8  In that case, we would work with you to examine potential scenarios and determine a more appropriate level of growth exposure based upon these subjective considerations. For the cash and fixed income portion of the portfolio, we generally will suggest that your requirements for the next year be maintained in a money market fund and/or short-term bond fund. Then, for the next several years of projected draws against the portfolio, we will generally suggest that diversified bond exposure be established with maturities that approximately match the projected draws. For larger portfolios, this bond exposure is commonly established through the acquisition of individual bond issues, and, for more limited portfolios, it is established through the purchase of bond funds of varying average duration. The policy mix of bond exposure to be established is developed based upon your projected income tax position as well as overall diversification considerations. Various internal and external research is utilized in the analysis of appropriate individual bond issues and bond funds for your portfolio. Such research includes publications of private rating agencies, research available through broker-dealers and the internet, as well as participation in various conferences provided through numerous entities. For the growth component of the portfolio, we will generally suggest broad diversification over most of the characteristics of equity investing. Such characteristics include capitalization, domestic and international orientation as well as the style of management to be employed. As this implies broad diversification, we generally suggest that equity mutual funds be used to achieve this exposure although we also utilize some exchange-traded funds as well. We generally will not manage, utilize or provide advice on any individual company stocks, although you are able to hold such positions in your account on a non-discretionary basis. Occasionally, we may offer advice on direct participation investments including non-exchange listed debt and equity securities, but this is usually done for a separately negotiated fee. Margin transactions, option writing and short-term purchases of securities are discouraged. We use our own proprietary analytical tools for determining the overall equity benchmark weightings suggested. We then use third party analytical database information to further evaluate specific fund managers to be used within the growth component. This same data is utilized to evaluate the fund managers on an ongoing basis. The array of equity funds we finally determine to be appropriate as our model growth component. Although the method described above espouses thorough financial planning, commitment of funds over appropriate durations of time as well as broad and effective diversification, the risk of substantial loss is still possible. Even though historical data would indicate that such losses should be mitigated over time, there can be no guarantee that such historical statistical attributes will persist and provide recovery from any such losses Item 9 – Disciplinary Information Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of Urban Financial Advisory Corporation Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 9  or the integrity of Urban Financial Advisory Corporation and/or its management persons. Urban Financial Advisory Corporation and its management people have not been a party to or involved in any such legal actions or disciplinary events. Item 10 – Other Financial Industry Activities and Affiliations Neither Urban Financial Advisory Corporation nor its management persons or employees are registered as nor have an application pending to register as a broker- dealer, futures commission merchant, commodity pool operator or commodity trading advisor. Steven D. Urban, President of Urban Financial Advisory Corporation, is a licensed attorney in the State of Illinois and may provide legal estate services to UFAC clients through his attorney at law practice. This may be perceived as a potential conflict of interest, and these services are provided separately from any investment advisory services or financial and tax planning services of Urban Financial Advisory Corporation. Mr. Urban is also involved in income and estate tax planning, including the preparation of income tax returns. These services are also provided separately from investment advisory and financial planning services, although these services are provided through Urban Financial Advisory Corporation. In either case, clients are not required to work with Mr. Urban in either capacity. Separate disclosure is made in Mr. Urban’s supplemental brochure, Form ADV Part 2B. Item 11 – Code of Ethics UFAC is guided by its Code of Ethics in rendering all services. The firm deems its primary duty to be to act in your best interests and all operations of the firm are guided by these premises. Any advice rendered or action taken on your behalf is only after a thorough consideration and understanding of your financial situation and stated goals. The firm’s Code of Ethics is applicable to all employees of the firm and describes its standard of business conduct and fiduciary duty to you and prohibits employees from engaging in activities in which there is a conflict of interest. Further, the Code of Ethics includes provisions relating to the confidentiality of your information, a prohibition on insider trading, a prohibition of rumor mongering, restrictions on the acceptance of significant gifts and the reporting of certain gifts and business entertainment items, and personal securities trading procedures, among other things. All employees at Urban Financial Advisory Corporation must acknowledge the terms of the Code of Ethics annually, or as amended. UFAC employees may from time to time buy or sell securities for themselves that are also recommended to you. Due to the relative size and type of UFAC and client purchases and sales, as well as the fact that generally only mutual funds are involved, no restrictions or internal procedures are used for such transactions. You are informed that the firm and its employees may make such purchases and sales at times non-coincidental with purchases and sales within your own portfolio. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 10  You may request a copy of the firm's Code of Ethics by contacting Steven D. Urban at (312) 379- 0150 or at info@ufinadv.com. Item 12 – Brokerage Practices Brokers may be suggested to you based upon perceived service and value. Reasonableness of commissions and trading fees are determined by comparison to those of other brokers. Discounts from broker published commission rates are considered in the comparison. The availability and breadth of investment products such as third-party mutual funds within centralized accounts is also considered in evaluating brokers. Further, the capacity to trade within a given account is considered important in the selection of potential brokers. Trading away is the purchase or sale through a broker of a security not held in an account with that broker. The value of products, research and services provided to us is not a factor in suggesting a broker to you as there is no implicit or explicit agreement to receive products, research or services that exist between us and any broker. On occasion, we may be provided with software by a broker that is utilized by us to electronically access client account data directly from the broker’s system. Generally, trading within your account is done independently of trades placed in other accounts. Exceptions to this practice occur when a large bond position is acquired to be allocated to more than one account. In this situation, we may aggregate the purchases or sales of the bond involved. When transactions are aggregated, the actual sales price will be averaged, and each client will be deemed to have sold or purchased his share of the bond at the average price. Transaction costs will be shared pro rata by all clients participating in the aggregated transaction. Occasionally, the broker may charge a delivery fee if the bond was acquired through another broker. Item 13 – Review of Accounts We will generally review and provide you with a written report on your portfolio on a quarterly basis. Such reviews may include: • a survey of value and quality rating changes of securities within your portfolio, • an analysis of liquidity positions and your liquidity requirements from the portfolio, • determination of steps necessary to deploy investment policy developed for your portfolio, • discussions with you regarding the status of your portfolio and investment policy. You will receive monthly statements directly from the broker reflecting activity and positions within your accounts. In addition, you will generally receive from us a quarterly report, based upon Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 11  information obtained from the broker, which analyzes the change in account values during the quarter and asset allocation of the portfolio. We will urge you to carefully review statements from the broker and to compare statements we provide to you with those received directly from the broker. The performance of certain securities in your portfolio is compared to various general indices and peer manager performance figures. The status of portfolio deployment against originally developed policy and immediate plans for the following quarter is also discussed within the quarterly report. In addition, we will periodically, as mutually, deemed appropriate meet or confer with you to: • update some of your financial planning as required, • confirm or re-define the investment policy for your portfolio, and • determine the scope of any follow up required. Lastly, as described in Item 5, our ongoing investment advisory services include the provision of financial planning services necessary to maintain the investment policy established for your portfolio. Extraordinary financial planning services beyond what would be necessary to maintain the agreed upon investment policy may require additional planning fees which would be quoted prior to the initiation of service delivery. Item 14 – Client Referrals and Other Compensation We do not directly or indirectly compensate any person for client referrals. Also, we are not paid cash, nor do we receive any other economic benefit (including commissions, sales awards, equipment, or non-research services) from non-clients in connection with the provision of financial planning or investment advisory services to you. Item 15 – Custody Although we will direct and monitor the purchase and sale of securities within the accounts of your portfolio, we do not take possession of the cash or securities of any client. Such custody is maintained by the brokerage firm you determine to use. You do not alter or surrender the ownership of assets within the accounts of your portfolio. Our authority is limited in providing instructions to the broker regarding transactions within your accounts in accordance with the terms of your investment advisory agreement and investment policy statement. Further, we do not have the authority to withdraw any cash or securities for our benefit from any account of your portfolio except for UFAC fee withdrawal in cases where you have provided authorization beforehand. Pre-authorization of UFAC fee withdrawal from the accounts of your portfolio is voluntary and not a condition of the provision of investment advisory services. If you have authorized UFAC fee Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 12  withdrawal from the accounts of your portfolio, you are still provided with an informational invoice prior to the debiting of any such fees. The brokerage agreements we use do authorize us to transfer cash or securities from your account to an account of the same, or first-party, registration. “First-party registration” means the same owner or owners titling the account. We only engage in such transfers upon your instruction. For example, many clients have a pre-established electronic funds transfer link between an account we may manage and their local bank account, or journal standing instructions between accounts at the same custodian, such as between a non-IRA and an IRA account. Although this affords the client the capacity to direct such funds, they may also request us to facilitate such transfers on their behalf (first party transfers). Previously, this level of authorization did not constitute custody as defined by the SEC. The SEC’s Custody Rule now states that an investment advisor has custody if there is any arrangement that allows the financial advisor to instruct a custodian to withdraw a client’s funds or securities maintained at that institution. In the past, this had generally been interpreted as the ability to withdraw funds and direct them to a third-party account without the client’s permission or signature. The clarification issued by the SEC on February 21, 2017, indicated that any arrangement that qualifies an investment advisor to withdraw client funds or securities for non-trading purposes constituted custody. This included wiring money between same-registration, or first party, accounts without direct instruction from the client. Custodians with whom UFAC maintains a relationship have rescinded this standing authorization for wires without direct instructions from the client, and thus, UFAC does not have custody of client assets. Other than this definitional change, there have been no changes regarding your relationship with UFAC. UFAC still maintains a three-party relationship consisting of the client, an independent custodian and UFAC as the investment advisor. You will continue to receive monthly account statements from the custodian that holds the cash and securities within the accounts of your portfolio. We urge you to carefully review such statements and compare these to the statements and analyses that we may provide to you. Item 16 – Investment Discretion We will generally receive discretionary trading authority from you at the outset of an investment advisory relationship to select and identify the amount and type of securities to be bought or sold within the accounts of your portfolio. This discretionary trading authorization is contained within the brokerage agreement you will execute in the process of establishing an account with the broker you select. The discretionary trading authorization is further guided by the terms and provisions of the investment advisory agreement and investment policy statement which we will enter between ourselves. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 13  Any investment guidelines and/or restrictions will generally be provided in writing and would be defined within the investment policy statement. Item 17 – Voting Client Securities We generally do not have the authority to vote proxies for the securities in your account. You will maintain the responsibility for receiving and voting proxies for all securities maintained in your portfolio. Occasionally, we may provide you with information regarding the voting of such proxies. Item 18 – Financial Information Certain registered investment advisers who collect fees of a certain amount in advance are required in this Item to provide you with certain financial information or disclosures about their financial condition. However, we do not collect or solicit the prepayment of investment advisory fees of $1,200 and six months in advance. In addition, we do not have any financial commitment that impairs our ability to meet contractual and fiduciary commitments to you, nor have we ever been the subject of a bankruptcy proceeding. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 14  Form ADV Part 2B – Brochure Supplement(s) Urban Financial Advisory Corporation 33 North LaSalle Street, Suite 1210 Chicago, IL 60602 (312) 379-0150 Website: www.ufinadv.com September 30, 2026 This Form ADV Part 2B (“Brochure Supplement”) provides information about the background and qualifications of the Investment Advisor Representatives listed below that supplements the Urban Financial Advisory Corporation (CRD# 110057) Form ADV Part 2A Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of this Brochure Supplement, please contact us at 312-379-0150 or info@ufinadv.com. Additional information about each Investment Advisor Representative is available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov.  Form ADV Part 2B – Brochure Supplement for Steven D. Urban, JD, CPA, CFP®, CIMA® Founder and President September 30, 2026 This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of Steven D. Urban (CRD #2349888) in addition to the information contained in the Urban Financial Advisory Corporation (“UFAC” or the “Advisor”, CRD #110057) Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of the UFAC’s Disclosure Brochure or this Brochure Supplement, please contact us at 312- 379-0150 or info@ufinadv.com. Additional information about Mr. Steven D. Urban is available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with his full name or his Individual CRD #2349888. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 2  Item 2- Educational Background and Business Experience Steven D. Urban born in 1957, is the Founder and President of Urban Financial Advisory Corporation. Mr. Urban earned a Bachelor of Finance and Business Economics from University of Notre Dame, Indiana in 1979. Additional information regarding Mr. Urban’s employment history is included below. Formal Education after High School: • University of Notre Dame – BBA in Finance and Business Economics 1979 • DePaul University College of Law - JD, 1985 • Certified Financial Planner™ (CFP®) Certification, 1987 • Certified Public Accountant (CPA), 1988 • Certified Investment Management Analyst (CIMA), 1996 Background for at Least the Preceding Five Years: • Urban Financial Advisory Corporation (President): February 1990 to Present • BP plc (Tax and Financial Planning Consultant): February 1990 to December 1999 • Deloitte & Touche (Senior Tax Manager): November 1984 to February 1990 Professional Designation Disclosures: Juris Doctor (JD) – Juris Doctor, or JD, denotes the form of law degree issued by most of the nation’s law schools, and forms one of the educational prerequisites to the practice of law. Most law schools require a four-year baccalaureate degree for admission, and law school is generally a three-year (six- semester) course of graduate- level study. Certified Public Accountant (CPA) – CPAs are licensed and regulated by their state boards of accountancy. While state laws and regulations vary, the education, experience and testing requirements for licensure as a CPA generally include minimum college education (typically 150 credit hours with at least a baccalaureate degree and a concentration in accounting), minimum experience levels (most states require at least one year of experience providing services that involve the use of accounting, attest, compilation, management advisory, financial advisory, tax or consulting skills, all of which must be achieved under the supervision of or verification by a CPA), and successful passage of the Uniform CPA Examination. Additionally, all American Institute of Certified Public Accountants (AICPA) members are required to follow a rigorous Code of Professional Conduct which requires that they act with integrity, objectivity, due care, competence, fully disclose any conflicts of interest (and obtain client consent if a conflict exists), maintain client confidentiality, disclose to the client and commission or referral fees, and serve the public interest when providing financial services. The vast majority of state boards of accountancy have adopted the AICPA’s Code Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 3  of Professional Conduct within their state accountancy laws or have created their own. that an Certified Investment Management Analyst (CIMA) – The CIMA certification signifies individual has met initial and on-going experience, ethical, education, and examination requirements for investment management consulting, including advanced investment management theory and application. Prerequisites for the CIMA certification are three years of financial services experience and an acceptable regulatory history. To obtain the CIMA certification, candidates must pass a Qualification Examination, successfully complete a one-week classroom education program provided by a Registered Education Provider at an AACSB accredited university business school, and pass a Certification Examination. CIMA designees are required to adhere to IMCA’s Code of Professional Responsibility, Standards of Practice, and Rules and Guidelines for Use of the Marks. CIMA designees must report 40 hours of continuing education credits, including two ethic hours, every two years to maintain the certification. The designation is administered through Investment & Wealth Institute (formally IMCA). Certified Financial Planner™, CFP® - Certified Financial Planner™, CFP® and federally registered CFP (with flame design) marks (collectively, the “CFP® marks”) are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”). The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. It is recognized in the United States and several other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Currently, more than 62,000 individuals have obtained CFP® certification in the United States. To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following requirements: • Education – Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board’s studies have determined as necessary for the competent and professional delivery of financial planning services, and attain a Bachelor’s Degree from a regionally accredited United States college or university (or its equivalent from a foreign university). CFP Board’s financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning. • Examination – Pass the comprehensive CFP® Certification Examination. The examination, administered in 10 hours over a two-day period, includes case studies and client scenarios designed to test one’s ability to correctly diagnose financial planning issues and apply one’s knowledge of financial planning to real world circumstances; (Examinations at the time Steven D. Urban acquired this designation were given over several days after the completion of Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 4  various study components). • Experience – Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year); and • Ethics – Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP® professionals. Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the CFP® marks: • Continuing Education – Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field; and • Ethics – Renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP® professionals provide financial planning services at a fiduciary standard of care. This means CFP® professionals must provide financial planning services in the best interests of their clients. CFP® professionals who fail to comply with the above standards and requirements may be subject to CFP Board’s enforcement process, which could result in suspension or permanent revocation of their CFP® certification. Item 3- Disciplinary Information Steven D. Urban is not and has not been subject to any legal or disciplinary events. Registered legal or disciplinary investment advisers are required to disclose all material facts regarding any events that would be material to your evaluation of each supervised person providing investment advice. Item 4- Other Business Activities Urban Financial Advisory Corporation also provides financial planning services, income tax planning and tax compliance services, and estate planning and administration services to its clients. Steven D. Urban is involved in these services by preparing and reviewing financial, income, and estate plans and tax returns. These other business activities are provided separately from investment advisory and financial planning services necessary for maintenance of investment policy, and fees are separately charged for such services. Mr. Urban, as a licensed attorney in the state of Illinois, may work with clients in estate planning legal matters. The scope of this work is generally limited to drafting testamentary documents, including wills, trusts and powers of attorney and legal aspects of administering trusts and estates. Steven D. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 5  Urban is involved in the provision of these services through a law practice separate and distinct from Urban Financial Advisory Corporation. Further, such services are provided separately from investment advisory and financial planning services and fees are separately charged for such services. Mr. Urban is not registered nor has any application pending to register as a broker- dealer, futures commission merchant, commodity pool operator or commodity trading advisor. Item 5- Additional Compensation Steven D. Urban receives no commissions, bonuses, sales awards or other compensation based on the sale of securities or other investment products, client referrals, or new accounts. Item 6 - Supervision Steven D. Urban is the president and majority shareholder of Urban Financial Advisory Corporation and accordingly has no direct supervisors. Mr. Urban supervises all firm personnel on all investment advisory and tax planning and compliance matters. UFAC has implemented a Code of Ethics and internal compliance that guides each Supervised Person in meeting their fiduciary obligations to Clients. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 6  Form ADV Part 2B – Brochure Supplement for Jeremy A. Ander, CPA, CFP® Principal September 30, 2026 This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of Jeremy A. Ander (CRD #7989098) in addition to the information contained in the Urban Financial Advisory Corporation (“UFAC” or the “Advisor”, CRD #110057) Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of the UFAC’s Disclosure Brochure or this Brochure Supplement, please contact us at 312- 379-0150 or info@ufinadv.com. Additional information about Mr. Jeremy A. Ander is available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with his full name or his Individual CRD #7989098. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 7  Item 2- Educational Background and Business Experience Jeremy A. Ander, born in 1976, is dedicated to advising Clients of Urban Financial Advisory Corporation as a Principal and Financial Advisor. Mr. Ander earned a Bachelor of Science in Business Administration from University of Illinois, Illinois in 1999. Additional information regarding Mr. Ander’s employment history is included below. Formal Education after High School: • University of Illinois – BS in Business Administration, 1999 • San Diego State University – MSBA, 2004 • Certified Financial Planner™ (CFP®) Certification, 2010 • Certified Public Accountant (CPA), 2015 Business Background for at Least the Preceding Five Years: • Urban Financial Advisory Corporation (Principal): February 2007 to Present Professional Designation Disclosures: Certified Public Accountant (CPA) – CPAs are licensed and regulated by their state boards of accountancy. While state laws and regulations vary, the education, experience and testing requirements for licensure as a CPA generally include minimum college education (typically 150 credit hours with at least a baccalaureate degree and a concentration in accounting), minimum experience levels (most states require at least one year of experience providing services that involve the use of accounting, attest, compilation, management advisory, financial advisory, tax or consulting skills, all of which must be achieved under the supervision of or verification by a CPA), and successful passage of the Uniform CPA Examination. Additionally, all American Institute of Certified Public Accountants (AICPA) members are required to follow a rigorous Code of Professional Conduct which requires that they act with integrity, objectivity, due care, competence, fully disclose any conflicts of interest (and obtain client consent if a conflict exists), maintain client confidentiality, disclose to the client and commission or referral fees, and serve the public interest when providing financial services. Most state boards of accountancy have adopted the AICPA’s Code of Professional Conduct within their state accountancy laws or have created their own. Certified Financial Planner™, CFP® - Certified Financial Planner™, CFP® and federally registered CFP (with flame design) marks (collectively, the “CFP® marks”) are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”). The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. It is recognized in the United States and several other countries for its (1) high standard of professional education; (2) stringent code of conduct and Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 8  standards of practice; and (3) ethical requirements that govern professional engagements with clients. Currently, more than 62,000 individuals have obtained CFP® certification in the United States. To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following requirements: • Education – Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board’s studies have determined as necessary for the competent and professional delivery of financial planning services, and attain a Bachelor’s Degree from a regionally accredited United States college or university (or its equivalent from a foreign university). CFP Board’s financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning. • Examination – Pass the comprehensive CFP® Certification Examination. The examination, administered in 10 hours over a two-day period, includes case studies and client scenarios designed to test one’s ability to correctly diagnose financial planning issues and apply one’s knowledge of financial planning to real world circumstances; (Examinations at the time Steven D. Urban acquired this designation were given over several days after the completion of various study components). • Experience – Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year); and • Ethics – Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP® professionals. Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the CFP® marks: • Continuing Education – Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field; and • Ethics – Renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP® professionals provide financial planning services at a fiduciary standard of care. This means CFP® professionals must provide financial planning services in the best interests of their clients. CFP® professionals who fail to comply with the above standards and requirements may be subject to CFP Board’s enforcement process, which could result in suspension or permanent revocation of their CFP® certification. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 9  Item 3- Disciplinary Information Jeremy A. Ander is not and has not been subject to any legal or disciplinary events. Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of each supervised person providing investment advice. Item 4- Other Business Activities Urban Financial Advisory Corporation also provides financial planning services, income tax planning and tax compliance services, and estate planning and administration services to its clients. Jeremy A. Ander is involved in these services by preparing and reviewing financial, income, and estate plans and tax returns. These other business activities are provided separately from investment advisory and financial planning services necessary for maintenance of investment policy, and fees are separately charged for such services. Mr. Ander is not registered nor has any application pending to register as a broker- dealer, futures commission merchant, commodity pool operator or commodity trading advisor. Item 5- Additional Compensation Jeremy A. Ander receives no commissions, bonuses, sales awards or other compensation based on the sale of securities or other investment products, client referrals, or new accounts. Item 6 - Supervision Jeremy A. Ander is a principal and shareholder of Urban Financial Advisory Corporation and is supervised by Steven D. Urban, President of Urban Financial Advisory Corporation who can be reached at 312-379-0150 or info@ufinadv.com. UFAC has implemented a Code of Ethics and internal compliance that guides each Supervised Person in meeting their fiduciary obligations to Clients. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 10  Form ADV Part 2B – Brochure Supplement for Lisa J. Sherwood, CPA Principal September 30, 2026 This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of Lisa J. Sherwood in addition to the information contained in the Urban Financial Advisory Corporation (“UFAC” or the “Advisor”, CRD #110057) Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of the UFAC’s Disclosure Brochure or this Brochure Supplement, please contact us at 312-379-0150 or info@ufinadv.com. Additional information about Ms. Lisa J. Sherwood is available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 11  Item 2- Educational Background and Business Experience Lisa J. Sherwood, born in 1968, is dedicated to advising Clients of Urban Financial Advisory Corporation as a Principal and Financial Advisor. Ms. Sherwood earned a Bachelor of Arts in Finance from University of Iowa, Iowa in 1990. Additional information regarding Ms. Sherwood’s employment history is included below. Formal Education after High School: • Kirkwood Community College – Associates of Arts, 1988 • University of Iowa – BBA in Finance, 1990 • Certified Public Accountant (CPA), 1998 Business Background for at Least the Preceding Five Years: • Urban Financial Advisory Corporation (Principal): March 2000 to Present Professional Designation Disclosures: Certified Public Accountant (CPA) – CPAs are licensed and regulated by their state boards of accountancy. While state laws and regulations vary, the education, experience and testing requirements for licensure as a CPA generally include minimum college education (typically 150 credit hours with at least a baccalaureate degree and a concentration in accounting), minimum experience levels (most states require at least one year of experience providing services that involve the use of accounting, attest, compilation, management advisory, financial advisory, tax or consulting skills, all of which must be achieved under the supervision of or verification by a CPA), and successful passage of the Uniform CPA Examination. Additionally, all American Institute of Certified Public Accountants (AICPA) members are required to follow a rigorous Code of Professional Conduct which requires that they act with integrity, objectivity, due care, competence, fully disclose any conflicts of interest (and obtain client consent if a conflict exists), maintain client confidentiality, disclose to the client and commission or referral fees, and serve the public interest when providing financial services. Most state boards of accountancy have adopted the AICPA’s Code of Professional Conduct within their state accountancy laws or have created their own. Item 3- Disciplinary Information Lisa J. Sherwood is not and has not been subject to any legal or disciplinary events. Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of each supervised person providing investment advice. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 12  Item 4- Other Business Activities Urban Financial Advisory Corporation also provides financial planning services, income tax planning and tax compliance services, and estate planning and administration services to its clients. Lisa J. Sherwood is involved in these services by preparing and reviewing financial, income, and estate plans and tax returns. These other business activities are provided separately from investment advisory and financial planning services necessary for maintenance of investment policy, and fees are separately charged for such services. Ms. Sherwood is not registered nor has any application pending to register as a broker-dealer, futures commission merchant, commodity pool operator or commodity trading advisor. Item 5- Additional Compensation Lisa J. Sherwood receives no commissions, bonuses, sales awards or other compensation based on the sale of securities or other investment products, client referrals, or new accounts. Item 6 - Supervision Lisa J. Sherwood is a principal and shareholder of Urban Financial Advisory Corporation and is supervised by Steven D. Urban, President of Urban Financial Advisory Corporation who can be reached at 312-379-0150 or info@ufinadv.com. UFAC has implemented a Code of Ethics and internal compliance that guides each Supervised Person in meeting their fiduciary obligations to Clients. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 13  Form ADV Part 2B – Brochure Supplement for Michael P. Danehl Financial & Tax Advisor September 30, 2026 This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of Michael P. Danehl in addition to the information contained in the Urban Financial Advisory Corporation (“UFAC” or the “Advisor”, CRD #110057) Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of the UFAC’s Disclosure Brochure or this Brochure Supplement, please contact us at 312-379-0150 or info@ufinadv.com. Additional information about Mr. Michael P. Danehl is available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 14  Item 2- Educational Background and Business Experience Michael P. Danehl, born in 1971, is dedicated to advising Clients of Urban Financial Advisory Corporation as a Financial & Tax Advisor. Mr. Danehl earned a Bachelor of Science in Finance from University of Illinois, Illinois in 1993. Additional information regarding Mr. Danehl’s employment history is included below. Formal Education after High School: • University of Illinois – BS in Finance, 1993 Business Background for at Least the Preceding Five Years: • Urban Financial Advisory Corporation (Financial & Tax Advisor): October 2017 to Present • Ripple Tax & Financial Services: June 2015 – October 2017 Item 3- Disciplinary Information Michael P. Danehl is not and has not been subject to any legal or disciplinary events. Registered legal or disciplinary investment advisers are required to disclose all material facts regarding any events that would be material to your evaluation of each supervised person providing investment advice. Item 4- Other Business Activities Urban Financial Advisory Corporation also provides financial planning services, income tax planning and tax compliance services, and estate planning and administration services to its clients. Michael P. Danehl is involved in these services by preparing and reviewing financial, income, and estate plans and tax returns. These other business activities are provided separately from investment advisory and financial planning services necessary for maintenance of investment policy, and fees are separately charged for such services. Mr. Danehl is not registered nor has any application pending to register as a broker-dealer, futures commission merchant, commodity pool operator or commodity trading advisor. Item 5- Additional Compensation Michael P. Danehl receives no commissions, bonuses, sales awards or other compensation based on the sale of securities or other investment products, client referrals, or new accounts. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 15  Item 6 - Supervision Michael P. Danehl is supervised by Steven D. Urban, President of Urban Financial Advisory Corporation who can be reached at 312-379-0150 or info@ufinadv.com. UFAC has implemented a Code of Ethics and internal compliance that guides each Supervised Person in meeting their fiduciary obligations to Clients. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 16  Form ADV Part 2B – Brochure Supplement for Nathaniel S. Urban, (CAPM)® Financial & Tax Advisor September 30, 2026 This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of Nathaniel S. Urban in addition to the information contained in the Urban Financial Advisory Corporation (“UFAC” or the “Advisor”, CRD #110057) Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of the UFAC’s Disclosure Brochure or this Brochure Supplement, please contact us at 312-379-0150 or info@ufinadv.com. Additional information about Mr. Nathaniel S. Urban is available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 17  Item 2- Educational Background and Business Experience Nathaniel S. Urban, born in 1994, is dedicated to advising Clients of Urban Financial Advisory Corporation as a Principal and Financial Advisor. Mr. Urban earned a Master of Business Administration (MBA) from University of Chicago, Illinois in 2022. Additional information regarding Mr. Urban’s employment history is included below. Formal Education after High School: • University of Notre Dame – BS in Mechanical Engineering, 2016 • University of Chicago – MBA, 2022 Business Background for at Least the Preceding Five Years: • Urban Financial Advisory Corporation (Financial & Tax Advisor): August 2018 to Present • QGenda, LLC (Account Consultant): August 2016 – August 2018 Professional Designation Disclosures: Certified Associate of Project Management (CAPM)® – The Certified Associate of Project Management (CAPM)® is an entry-level project management certification offered by the Project Management Institute (PMI). It demonstrates the fundamental project management concepts and can contribute effectively to project teams. No prior project-management experience is required. CAPM generally includes minimum high school education and 23 credit hours of project management education. After earning the certification, it is maintained by earning 15 Professional Development Units (PDUs) every 3 years. At least 9 must be Education PDUs, and up to 6 can be Giving Back PDUs. Item 3- Disciplinary Information Nathaniel S. Urban is not and has not been subject to any legal or disciplinary events. Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of each supervised person providing investment advice. Item 4- Other Business Activities Urban Financial Advisory Corporation also provides financial planning services, income tax planning and tax compliance services, and estate planning and administration services to its clients. Nathaniel S. Urban is involved in these services by preparing and reviewing financial, income, and estate plans and tax returns. These other business activities are provided separately from investment advisory and Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 18  financial planning services necessary for maintenance of investment policy, and fees are separately charged for such services. Mr. Urban is not registered nor has any application pending to register as a broker-dealer, futures commission merchant, commodity pool operator or commodity trading advisor. Item 5- Additional Compensation Nathaniel S. Urban receives no commissions, bonuses, sales awards or other compensation based on the sale of securities or other investment products, client referrals, or new accounts. Item 6 - Supervision Nathaniel S. Urban is supervised by Steven D. Urban, President of Urban Financial Advisory Corporation who can be reached at 312-379-0150 or info@ufinadv.com. UFAC has implemented a Code of Ethics and internal compliance that guides each Supervised Person in meeting their fiduciary obligations to Clients. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 19  Form ADV Part 2B – Brochure Supplement for Andrew N. Kitay, CPA, CFP® Financial & Tax Advisor September 30, 2026 This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of Andrew N. Kitay (CRD #8233902) in addition to the information contained in the Urban Financial Advisory Corporation (“UFAC” or the “Advisor”, CRD #110057) Disclosure Brochure. If you have not received a copy of the Disclosure Brochure or if you have any questions about the contents of the UFAC’s Disclosure Brochure or this Brochure Supplement, please contact us at 312- 379-0150 or info@ufinadv.com. Additional information about Mr. Andrew N. Kitay is available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with his full name or his Individual CRD #8233902. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 20  Item 2- Educational Background and Business Experience Andrew N. Kitay, born in 1995, is dedicated to advising Clients of Urban Financial Advisory Corporation as a Principal and Financial Advisor. Mr. Kitay earned a Master of Accounting form The Ohio State University in Ohio, 2018. Additional information regarding Mr. Kitay’s employment history is included below. Formal Education after High School: • The Ohio State University – BS in Business Administration, May 2018 • The Ohio State University – Master of Accounting, May 2018 • Certified Public Accountant (CPA), 2019 • Certified Financial Planner™ (CFP®) Certification, 2022 Business Background for at Least the Preceding Five Years: • Urban Financial Advisory Corporation (Financial & Tax Advisor): January 2020 – Present • Ernest & Young (Assurance Staff): September 2018 – November 2019 Professional Designation Disclosures: Certified Public Accountant (CPA) – CPAs are licensed and regulated by their state boards of accountancy. While state laws and regulations vary, the education, experience and testing requirements for licensure as a CPA generally include minimum college education (typically 150 credit hours with at least a baccalaureate degree and a concentration in accounting), minimum experience levels (most states require at least one year of experience providing services that involve the use of accounting, attest, compilation, management advisory, financial advisory, tax or consulting skills, all of which must be achieved under the supervision of or verification by a CPA), and successful passage of the Uniform CPA Examination. Additionally, all American Institute of Certified Public Accountants (AICPA) members are required to follow a rigorous Code of Professional Conduct which requires that they act with integrity, objectivity, due care, competence, fully disclose any conflicts of interest (and obtain client consent if a conflict exists), maintain client confidentiality, disclose to the client and commission or referral fees, and serve the public interest when providing financial services. Most state boards of accountancy have adopted the AICPA’s Code of Professional Conduct within their state accountancy laws or have created their own. Certified Financial Planner™, CFP® - Certified Financial Planner™, CFP® and federally registered CFP (with flame design) marks (collectively, the “CFP® marks”) are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”). The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. It is recognized in the United States and several other Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 21  countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Currently, more than 62,000 individuals have obtained CFP® certification in the United States. To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following requirements: • Education – Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board’s studies have determined as necessary for the competent and professional delivery of financial planning services, and attain a Bachelor’s Degree from a regionally accredited United States college or university (or its equivalent from a foreign university). CFP Board’s financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning. • Examination – Pass the comprehensive CFP® Certification Examination. The examination, administered in 10 hours over a two-day period, includes case studies and client scenarios designed to test one’s ability to correctly diagnose financial planning issues and apply one’s knowledge of financial planning to real world circumstances; (Examinations at the time Steven D. Urban acquired this designation were given over several days after the completion of various study components). • Experience – Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year); and • Ethics – Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP® professionals. Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the CFP® marks: • Continuing Education – Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field; and • Ethics – Renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP® professionals provide financial planning services at a fiduciary standard of care. This means CFP® professionals must provide financial planning services in the best interests of their clients. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 22  CFP® professionals who fail to comply with the above standards and requirements may be subject to CFP Board’s enforcement process, which could result in suspension or permanent revocation of their CFP® certification. Item 3- Disciplinary Information Andrew N. Kitay is not and has not been subject to any legal or disciplinary events. Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of each supervised person providing investment advice. Item 4- Other Business Activities Urban Financial Advisory Corporation also provides financial planning services, income tax planning and tax compliance services, and estate planning and administration services to its clients. Andrew N. Kitay is involved in these services by preparing and reviewing financial, income, and estate plans and tax returns. These other business activities are provided separately from investment advisory and financial planning services necessary for maintenance of investment policy, and fees are separately charged for such services. Mr. Kitay is not registered nor has any application pending to register as a broker- dealer, futures commission merchant, commodity pool operator or commodity trading advisor. Item 5- Additional Compensation Andrew N. Kitay receives no commissions, bonuses, sales awards or other compensation based on the sale of securities or other investment products, client referrals, or new accounts. Item 6 - Supervision Andrew N. Kitay is supervised by Steven D. Urban, President of Urban Financial Advisory Corporation who can be reached at 312-379-0150 or info@ufinadv.com. UFAC has implemented a Code of Ethics and internal compliance that guides each Supervised Person in meeting their fiduciary obligations to Clients. Urban Financial Advisory Corporation | www.ufinadv.com | E: info@ufinadv.com | P: 312-379-0150 | F: 312-379-0366 23