Our Heritage Personalized Investment Management The original Drexel Morgan & Co. was founded in the mid-1800s by Anthony J. Drexel with his protégé and partner, J. Pierpont Morgan. After Drexel’s death, the company reorganized in 1895 and became J.P. Morgan & Co., one of the original predecessors of what is today JPMorgan Chase. In 1979, George W. Connell, who spent more than 25 years with J.P. Morgan & Co. and later as Principal of Drexel & Company, (originally founded by Anthony Drexel’s father) left Drexel to create the firm now known as The Haverford Trust Company. Mr. Connell later established the Drexel Morgan & Co. name for his bank holding company. Together with our subsidiaries, The Haverford Trust Company and Drexel Morgan Capital Advisers, we have in excess of $14 billion* in assets under management or consultation. Drexel Morgan & Co. is a registered investment adviser and bank holding company. We believe above average returns can be achieved by purchasing large capitalization, dividend-paying, primarily A+ rated stocks with excellent balance sheets and consistent growth in earnings. The Legacy PortfolioTM is our core product representing a considerable percentage of Drexel Morgan & Co.’s assets under management. The investment philosophy behind The Legacy Portfolio has been in existence for over 50 years. *Estimated as of December 31, 2019 © Copyright 2021 Three Radnor Corporate Center, Suite 450 | Radnor, PA 19087 | 484-254-4306 | Fax 610-995-8795 Disclaimer | Terms | Privacy | Directions

Investment Process Over time, we have learned the benefits of broad economic analysis, as this lends valuable insight to portfolio strategy. We assess likely structural shifts, because of their potential to cause major realignments in equity and money markets. This is fundamental to our process of consistent, competitive money management. Structural shifts in the economy are often gradual and rarely obvious. Yet they represent the future, which economic markets continually discount. In the volatile markets of recent years, it has become essential to identify the stages at which gradual change is accelerating, producing shifts in economic environments. These changed environments can be depended upon to revise the performance of highly profitable industries and the selection of rewarding investment options. Successful portfolio management requires an important further step. We have defined this as our portfolio profiles analysis. Experience shows that the stocks within various profile groups tend to respond to varying economic conditions. Our process is designed to yield competitive results by carefully weighting portfolio profiles to coincide with changing economic environments. © Copyright 2021 Three Radnor Corporate Center, Suite 450 | Radnor, PA 19087 | 484-254-4306 | Fax 610-995-8795 Disclaimer | Terms | Privacy | Directions