Additional Information for Columbia Wealth Management, LLC

The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the governments allegations, which have not yet been proven.

On October 6, 2017, the Securities Division entered a Summary Order Suspending Investment Adviser Registration and Investment Adviser Representative Registration and Notice of Intent to Revoke Registration, and Enter Order to Cease and Desist, Deny Future Registrations, Impose Fines, and Recover Costs (“Summary Order”) against Columbia Wealth Management, LLC and Patrick John Costello (Collectively “Respondents”).

The Summary Order alleges that Respondents failed to update Form U4 and Form ADV filings with the Securities Division, as required, to reflect certain criminal charges and convictions filed against Patrick John Costello. The Summary Order also alleges that Respondents filed a Form ADV with the Securities Division that falsely represented that Patrick John Costello had not been charged with or convicted of certain criminal charges.

The Securities Division orders the suspension of Columbia Wealth Management’s investment adviser registration and Patrick John Costello’s investment adviser representative registration.

The Securities Division gives notice of its intent to order the Respondents to cease and desist from violating the Securities Act, and enter an order to revoke their registrations, deny any future registration applications they may file, impose fines, and charge costs. Respondents have the right to request a hearing on the Summary Order.

For further information, contact the Securities Division of Washington Department of Financial Institutions at (877) 746-4334 or at www.dfi.wa.gov.