Regulatory Disclosures

SEC Registration

State Savings is registered with the Securities and Exchange Commission as an investment adviser under the Investment Advisers Act of 1940. Our SEC registration does not imply a certain level of skill or training.

SEC CRD#:

Broker-Dealer Affiliation

State Savings is not a broker-dealer. We may recommend securities transactions through third-party broker-dealers with whom we have no material relationship.

Conflicts of Interest

Potential conflicts of interest include:

• We may recommend proprietary investment products that generate additional revenue
• Certain advisors may receive bonuses based on assets under management
• We may receive compensation from third parties for client referrals

All conflicts are disclosed to clients and managed in accordance with our fiduciary duty.

Risk Disclosures

All investments involve risk, including the potential loss of principal. Specific risks include:

• Market Risk: The possibility that securities will decline in value
• Interest Rate Risk: Bond prices typically fall when interest rates rise
• Liquidity Risk: Some investments may be difficult to sell quickly
• Concentration Risk: Lack of diversification may increase volatility

Fee Schedule

Our standard advisory fees are:

• 1.00% on first $1,000,000 of assets under management
• 0.75% on next $2,000,000
• 0.50% on amounts over $3,000,000

Additional fees may apply for special services. Complete fee details are provided in our Form ADV Part 2A.

Business Continuity

We maintain a Business Continuity Plan to address significant business disruptions. Key elements include:

• Data backup and recovery procedures
• Alternate physical location for operations
• Emergency communication plans

Additional Information

For more information about our firm, please visit the SEC's Investment Adviser Public Disclosure website: