Mercer Advisors Disclosure

Cordasco Financial Network is a tradename. All services provided by Cordasco Financial Network investment professionals are provided in their individual capacities as investment adviser representatives of Mercer Global Advisors Inc. (“Mercer Advisors”), an SEC-registered investment adviser principally located in Denver, Colorado, with various branch offices throughout the United States doing business under different tradenames, including Cordasco Financial Network. Securities offered through Andrew Garrett Inc, member FINRA/SIPC. Andrew Garrett is not affiliated with Cordasco Financial or Mercer Global Advisors.

CFN Disclosure

Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Cordasco Financial Network, LLC (“Cordasco”), or any non- investment related content, made reference to directly or indirectly in this commentary will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Some of the content provided may come from third parties that are not affiliated with Cordasco or Mercer Advisors. The information is believed to be accurate but is not guaranteed or warranted by Cordasco or Mercer Advisors. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this commentary serves as the receipt of, or as a substitute for, personalized investment advice from Cordasco. Please remember to contact Cordasco, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. Cordasco is neither a law firm nor a certified public accounting firm and no portion of the commentary content should be construed as legal or accounting advice. A copy of the Cordasco’s current written disclosure Brochure discussing our advisory services and fees continues to remain available upon request.