# EDGAR Filing Document

**Accession Number:** 0001738828
**File Stem:** 0001738828-23-000001
**Filing Date:** 2023-1
**Character Count:** 15858
**Document Hash:** eb8fcccf0507f0eb45d64e43cdb81154
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001738828-23-000001.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001738828-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230120

**EFFECTIVENESS DATE**: 20230123

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pathway Financial Advisors LLC
- **CENTRAL INDEX KEY:** 0001738828
- **IRS NUMBER:** 200140604
- **STATE OF INCORPORATION:** VT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18736
- **FILM NUMBER:** 23542172

**BUSINESS ADDRESS:**
- **STREET 1:** 2 MARKET ST
- **CITY:** SOUTH BURLINGTON
- **STATE:** VT
- **ZIP:** 05403
- **BUSINESS PHONE:** 8026607086

**MAIL ADDRESS:**
- **STREET 1:** 2 MARKET ST
- **CITY:** SOUTH BURLINGTON
- **STATE:** VT
- **ZIP:** 05403

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Pathway Financial Advisors LLC<br>**Address:** 2 MARKET ST<br>SOUTH BURLINGTON, VT 05403

**Form 13F File Number:** 028-18736

**CRD Number (if applicable):** 000124801

**SEC File Number (if applicable):** 801-64598

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Scott Beaudin<br>**Title:** Chief Compliance Officer<br>**Phone:** 802-660-7086

**Signature, Place, and Date of Signing:**

Scott Beaudin  South Burlington, VT  01-20-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 125

**Form 13F Information Table Value Total:** $323966122

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 |  | 224730 | 1874 | SH |  | SOLE |  | 0 | 0 | 1874 |
| ABBOTT LABS | COM | 002824100 |  | 761943 | 6940 | SH |  | SOLE |  | 0 | 0 | 6940 |
| ABBVIE INC | COM | 00287Y109 |  | 458972 | 2840 | SH |  | SOLE |  | 0 | 0 | 2840 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 232879 | 692 | SH |  | SOLE |  | 0 | 0 | 692 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 283936 | 3200 | SH |  | SOLE |  | 0 | 0 | 3200 |
| AMERICAN CENTY ETF TR | STOXX US QLTY | 025072307 |  | 2249972 | 38981 | SH |  | SOLE |  | 0 | 0 | 38981 |
| AMERICAN WELL CORP | CL A | 03044L105 |  | 74375 | 26281 | SH |  | SOLE |  | 0 | 0 | 26281 |
| ANALOG DEVICES INC | COM | 032654105 |  | 286560 | 1747 | SH |  | SOLE |  | 0 | 0 | 1747 |
| APPLE INC | COM | 037833100 |  | 2353507 | 18114 | SH |  | SOLE |  | 0 | 0 | 18114 |
| APPLIED MATLS INC | COM | 038222105 |  | 215210 | 2210 | SH |  | SOLE |  | 0 | 0 | 2210 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 238860 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| AVERY DENNISON CORP | COM | 053611109 |  | 209236 | 1156 | SH |  | SOLE |  | 0 | 0 | 1156 |
| BANK AMERICA CORP | COM | 060505104 |  | 344249 | 10394 | SH |  | SOLE |  | 0 | 0 | 10394 |
| BOEING CO | COM | 097023105 |  | 400029 | 2100 | SH |  | SOLE |  | 0 | 0 | 2100 |
| BROADCOM INC | COM | 11135F101 |  | 342747 | 613 | SH |  | SOLE |  | 0 | 0 | 613 |
| BRP GROUP INC | COM CL A | 05589G102 |  | 1406055 | 55929 | SH |  | SOLE |  | 0 | 0 | 55929 |
| CATERPILLAR INC | COM | 149123101 |  | 757728 | 3163 | SH |  | SOLE |  | 0 | 0 | 3163 |
| CENTENE CORP DEL | COM | 15135B101 |  | 393812 | 4802 | SH |  | SOLE |  | 0 | 0 | 4802 |
| CHEVRON CORP NEW | COM | 166764100 |  | 284671 | 1586 | SH |  | SOLE |  | 0 | 0 | 1586 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 1832749 | 22736 | SH |  | SOLE |  | 0 | 0 | 22736 |
| CISCO SYS INC | COM | 17275R102 |  | 256494 | 5384 | SH |  | SOLE |  | 0 | 0 | 5384 |
| CLOUGH GLOBAL EQUITY FD | COM | 18914C100 |  | 196648 | 30207 | SH |  | SOLE |  | 0 | 0 | 30207 |
| COCA COLA CO | COM | 191216100 |  | 286483 | 4504 | SH |  | SOLE |  | 0 | 0 | 4504 |
| COMMUNITY BK SYS INC | COM | 203607106 |  | 1275745 | 20266 | SH |  | SOLE |  | 0 | 0 | 20266 |
| DEERE  CO | COM | 244199105 |  | 807784 | 1884 | SH |  | SOLE |  | 0 | 0 | 1884 |
| DISNEY WALT CO | COM | 254687106 |  | 250649 | 2885 | SH |  | SOLE |  | 0 | 0 | 2885 |
| EATON CORP PLC | SHS | G29183103 |  | 244842 | 1560 | SH |  | SOLE |  | 0 | 0 | 1560 |
| EMERSON ELEC CO | COM | 291011104 |  | 583180 | 6071 | SH |  | SOLE |  | 0 | 0 | 6071 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 604554 | 5481 | SH |  | SOLE |  | 0 | 0 | 5481 |
| FIRST TR ENERGY INFRASTRCTR | COM | 33738C103 |  | 421237 | 29212 | SH |  | SOLE |  | 0 | 0 | 29212 |
| FLEXSHARES TR | MORNSTAR UPSTR | 33939L407 |  | 9006507 | 207189 | SH |  | SOLE |  | 0 | 0 | 207189 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 395934 | 2100 | SH |  | SOLE |  | 0 | 0 | 2100 |
| GENERAL MLS INC | COM | 370334104 |  | 278885 | 3326 | SH |  | SOLE |  | 0 | 0 | 3326 |
| GENUINE PARTS CO | COM | 372460105 |  | 212550 | 1225 | SH |  | SOLE |  | 0 | 0 | 1225 |
| GOLDMAN SACHS ETF TR | ACCES TREASURY | 381430529 |  | 84189038 | 844339 | SH |  | SOLE |  | 0 | 0 | 844339 |
| HOME DEPOT INC | COM | 437076102 |  | 670255 | 2122 | SH |  | SOLE |  | 0 | 0 | 2122 |
| HONEYWELL INTL INC | COM | 438516106 |  | 6067047 | 28311 | SH |  | SOLE |  | 0 | 0 | 28311 |
| INNOVATOR ETFS TR | US EQTY PWR BUF | 45782C656 |  | 1819658 | 62205 | SH |  | SOLE |  | 0 | 0 | 62205 |
| INTUIT | COM | 461202103 |  | 338232 | 869 | SH |  | SOLE |  | 0 | 0 | 869 |
| INVESCO ACTIVELY MANAGED ETF | TOTAL RETURN | 46090A804 |  | 1576123 | 33917 | SH |  | SOLE |  | 0 | 0 | 33917 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1096541 | 4118 | SH |  | SOLE |  | 0 | 0 | 4118 |
| ISHARES INC | MSCI GERMANY ETF | 464286806 |  | 432775 | 17500 | SH |  | SOLE |  | 0 | 0 | 17500 |
| ISHARES INC | EM MKT SM-CP ETF | 464286475 |  | 956234 | 19806 | SH |  | SOLE |  | 0 | 0 | 19806 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 |  | 270586 | 4116 | SH |  | SOLE |  | 0 | 0 | 4116 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 |  | 683526 | 21103 | SH |  | SOLE |  | 0 | 0 | 21103 |
| ISHARES TR | ESG AWARE MSCI | 46435U663 |  | 403569 | 12274 | SH |  | SOLE |  | 0 | 0 | 12274 |
| ISHARES TR | ESG EAFE ETF | 46436E759 |  | 319487 | 5887 | SH |  | SOLE |  | 0 | 0 | 5887 |
| ISHARES TR | MSCI EAFE MIN VL | 46429B689 |  | 460355 | 7240 | SH |  | SOLE |  | 0 | 0 | 7240 |
| ISHARES TR | MODERT ALLOC ETF | 464289875 |  | 1596420 | 42000 | SH |  | SOLE |  | 0 | 0 | 42000 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 1666937 | 15165 | SH |  | SOLE |  | 0 | 0 | 15165 |
| ISHARES TR | GLOBAL MATER ETF | 464288695 |  | 9640113 | 122554 | SH |  | SOLE |  | 0 | 0 | 122554 |
| ISHARES TR | MSCI USA ESG SLC | 464288802 |  | 273796 | 3326 | SH |  | SOLE |  | 0 | 0 | 3326 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 809369 | 9544 | SH |  | SOLE |  | 0 | 0 | 9544 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 2001174 | 29669 | SH |  | SOLE |  | 0 | 0 | 29669 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 497420 | 5950 | SH |  | SOLE |  | 0 | 0 | 5950 |
| ISHARES TR | U.S. BAS MTL ETF | 464287838 |  | 1600175 | 12825 | SH |  | SOLE |  | 0 | 0 | 12825 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 5011089 | 76342 | SH |  | SOLE |  | 0 | 0 | 76342 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 4753826 | 50231 | SH |  | SOLE |  | 0 | 0 | 50231 |
| ISHARES TR | S SML 600 GWT | 464287887 |  | 1842753 | 17051 | SH |  | SOLE |  | 0 | 0 | 17051 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 4351230 | 29994 | SH |  | SOLE |  | 0 | 0 | 29994 |
| ISHARES TR | CORE S ETF | 464287200 |  | 408031 | 1062 | SH |  | SOLE |  | 0 | 0 | 1062 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 1535274 | 26244 | SH |  | SOLE |  | 0 | 0 | 26244 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 2206356 | 14549 | SH |  | SOLE |  | 0 | 0 | 14549 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 241448 | 1127 | SH |  | SOLE |  | 0 | 0 | 1127 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 353088 | 1600 | SH |  | SOLE |  | 0 | 0 | 1600 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 1455853 | 38413 | SH |  | SOLE |  | 0 | 0 | 38413 |
| ISHARES TR | MSCI AC ASIA ETF | 464288182 |  | 11256748 | 173742 | SH |  | SOLE |  | 0 | 0 | 173742 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 17656642 | 182046 | SH |  | SOLE |  | 0 | 0 | 182046 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 |  | 917304 | 18298 | SH |  | SOLE |  | 0 | 0 | 18298 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 939994 | 5321 | SH |  | SOLE |  | 0 | 0 | 5321 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 805941 | 6010 | SH |  | SOLE |  | 0 | 0 | 6010 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 461185 | 2215 | SH |  | SOLE |  | 0 | 0 | 2215 |
| LAM RESEARCH CORP | COM | 512807108 |  | 329936 | 785 | SH |  | SOLE |  | 0 | 0 | 785 |
| MCDONALDS CORP | COM | 580135101 |  | 412952 | 1567 | SH |  | SOLE |  | 0 | 0 | 1567 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 220585 | 3140 | SH |  | SOLE |  | 0 | 0 | 3140 |
| MICROSOFT CORP | COM | 594918104 |  | 1486884 | 6200 | SH |  | SOLE |  | 0 | 0 | 6200 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 269399 | 4042 | SH |  | SOLE |  | 0 | 0 | 4042 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 248234 | 702 | SH |  | SOLE |  | 0 | 0 | 702 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 239756 | 2820 | SH |  | SOLE |  | 0 | 0 | 2820 |
| NEUBERGER BERMAN MLP  ENERG | COM | 64129H104 |  | 115345 | 17319 | SH |  | SOLE |  | 0 | 0 | 17319 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 428032 | 5120 | SH |  | SOLE |  | 0 | 0 | 5120 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 844235 | 3426 | SH |  | SOLE |  | 0 | 0 | 3426 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 318636 | 584 | SH |  | SOLE |  | 0 | 0 | 584 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 314639 | 2153 | SH |  | SOLE |  | 0 | 0 | 2153 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 352328 | 5649 | SH |  | SOLE |  | 0 | 0 | 5649 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 403446 | 478 | SH |  | SOLE |  | 0 | 0 | 478 |
| PEPSICO INC | COM | 713448108 |  | 254731 | 1410 | SH |  | SOLE |  | 0 | 0 | 1410 |
| PFIZER INC | COM | 717081103 |  | 204653 | 3994 | SH |  | SOLE |  | 0 | 0 | 3994 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 585196 | 5782 | SH |  | SOLE |  | 0 | 0 | 5782 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 262180 | 1660 | SH |  | SOLE |  | 0 | 0 | 1660 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 525155 | 3465 | SH |  | SOLE |  | 0 | 0 | 3465 |
| ROSS STORES INC | COM | 778296103 |  | 231560 | 1995 | SH |  | SOLE |  | 0 | 0 | 1995 |
| SALESFORCE INC | COM | 79466L302 |  | 203128 | 1532 | SH |  | SOLE |  | 0 | 0 | 1532 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 |  | 248074 | 885 | SH |  | SOLE |  | 0 | 0 | 885 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 235328 | 5212 | SH |  | SOLE |  | 0 | 0 | 5212 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 782507 | 8946 | SH |  | SOLE |  | 0 | 0 | 8946 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 585117 | 4702 | SH |  | SOLE |  | 0 | 0 | 4702 |
| SIMPLIFY EXCHANGE TRADED FUN | US EQT PLS DWNSD | 82889N202 |  | 312219 | 12875 | SH |  | SOLE |  | 0 | 0 | 12875 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 9561515 | 25002 | SH |  | SOLE |  | 0 | 0 | 25002 |
| SPDR SER TR | BLOOMBERG 1-3 MO | 78468R663 |  | 1255334 | 13724 | SH |  | SOLE |  | 0 | 0 | 13724 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 |  | 201416 | 4339 | SH |  | SOLE |  | 0 | 0 | 4339 |
| TEXAS INSTRS INC | COM | 882508104 |  | 292770 | 1772 | SH |  | SOLE |  | 0 | 0 | 1772 |
| TJX COS INC NEW | COM | 872540109 |  | 423631 | 5322 | SH |  | SOLE |  | 0 | 0 | 5322 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 510508 | 11864 | SH |  | SOLE |  | 0 | 0 | 11864 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 618870 | 3560 | SH |  | SOLE |  | 0 | 0 | 3560 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 575775 | 1086 | SH |  | SOLE |  | 0 | 0 | 1086 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 697599 | 3649 | SH |  | SOLE |  | 0 | 0 | 3649 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 536261 | 1526 | SH |  | SOLE |  | 0 | 0 | 1526 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 732859 | 4207 | SH |  | SOLE |  | 0 | 0 | 4207 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 1591910 | 11771 | SH |  | SOLE |  | 0 | 0 | 11771 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 37188495 | 264932 | SH |  | SOLE |  | 0 | 0 | 264932 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 14629282 | 71779 | SH |  | SOLE |  | 0 | 0 | 71779 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 2390734 | 15055 | SH |  | SOLE |  | 0 | 0 | 15055 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 3797502 | 20690 | SH |  | SOLE |  | 0 | 0 | 20690 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 26718174 | 125373 | SH |  | SOLE |  | 0 | 0 | 125373 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1020769 | 26187 | SH |  | SOLE |  | 0 | 0 | 26187 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 6233502 | 41050 | SH |  | SOLE |  | 0 | 0 | 41050 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 478290 | 11396 | SH |  | SOLE |  | 0 | 0 | 11396 |
| VANGUARD WORLD FD | MEGA CAP INDEX | 921910873 |  | 338282 | 2555 | SH |  | SOLE |  | 0 | 0 | 2555 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 910957 | 2852 | SH |  | SOLE |  | 0 | 0 | 2852 |
| VANGUARD WORLD FDS | MATERIALS ETF | 92204A801 |  | 1232248 | 7240 | SH |  | SOLE |  | 0 | 0 | 7240 |
| VISA INC | COM CL A | 92826C839 |  | 258038 | 1242 | SH |  | SOLE |  | 0 | 0 | 1242 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 521462 | 14409 | SH |  | SOLE |  | 0 | 0 | 14409 |
| YUM BRANDS INC | COM | 988498101 |  | 768480 | 6000 | SH |  | SOLE |  | 0 | 0 | 6000 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 327900 | 6000 | SH |  | SOLE |  | 0 | 0 | 6000 |

---