Description of Firm SlateStone is a limited liability company formed in 2017 pursuant to Florida law. SlateStone is employee-owned, and its majority member owner is SlateStone Holdings, LLC, a domestic limited liability company whose majority owners are Patrick E. Tylander and Sharon A. Daniels, the Founders and Co-CEO’s of SlateStone Wealth. Corporate headquarters are in Jupiter, Florida and regional offices are in Boca Raton, FL, Weston, FL and Madison, WI. For additional information on ownership please see form ADV Part 1 at www.investor.gov. As an independent registered investment adviser, SlateStone offers personalized investment management services and comprehensive wealth and financial planning to high-net-worth individuals, families, trusts, estates, corporations and other business entities. SlateStone serves as a fiduciary investment advisor to its clients. In fulfilling its fiduciary duty, SlateStone maintains policies and procedures, including a Code of Ethics designed to mitigate potential conflicts of interest. We uphold the following principles and practices in serving our clients’ best interests:
• We place clients’ interests ahead of our own
• We provide investment and financial advice and strive to control investment expenses
• We are independent from any bank, broker-dealer, insurance company or custodian
• We work with national custodians and do not hold client assets, securities, or cash
• We provide full transparency to your portfolio and investments
• We use third parties to value your securities and report on your portfolio results
• We act prudently – with the care, skill, and judgment of a professional to avoid conflicts of interest
• We disclose all material facts Our wealth advisory team is supported by investment industry veterans with decades of investment management experience upholding a fiduciary standard and providing transparency into the wealth management process. We cater to clients seeking high-touch services across a spectrum of financial needs that may be encountered over generations. SlateStone offers a comprehensive suite of specialized services delivered through a defined and robust discovery approach with each client. When working with SlateStone, you can expect personal service and a long-term commitment. Our mission is to create deeply rooted relationships and to deliver superior long-term results by integrating your financial plan with a disciplined investment process that instills a greater sense of confidence that goals are achievable. Assets Under Management As of December 31, 2023, the Firm had approximately $1.37 Billion in discretionary and $29 Million in nondiscretionary assets under management Assets Under Advisement As of December 31, 2023. The firm had approximately $7 Million in Assets under Advisement. Principal Partners Sharon “Sherri” A. Daniels and Patrick E. Tylander are Founders and Co-CEOs. You can view their bios by visiting our website www.SlateStone.com. Refer to ADV Part 1 for a full list of partners. Mutual Engagement with Clients At SlateStone, every client receives personalized service designed with a long-term perspective that integrates standard financial planning elements with a disciplined and robust investment offering and process. Our purpose is to help clients gain a sense of comfort and confidence that their financial objectives are achievable. In upholding a fiduciary standard, we place our client’s interests first and these standards guide us as we deliver independent advice and an authentic experience to our clients. General Description of Advisory Services SlateStone is a multi-asset class investment advisory and wealth management firm. We provide strategic wealth management and comprehensive financial planning services on a discretionary fee basis and offer consulting services on a pre-approved, non-discretionary fee basis. We strive to be our client’s trusted advisor and advocate within a fiduciary standard of care that provides unbiased, independent advice designed to meet each client’s personal objectives. Whether the goal is building a successful retirement, accumulating and growing assets, or building a family legacy, we will be there for you each step of the way. We serve private clients and families seeking a holistic view of wealth across both the high net worth and ultra-high net worth investor categories. Our services are tailored to meet specific and varied objectives including complex and sophisticated requirements with access to public and private investment solutions. We provide wealth management services to wealthy clients including:
• Entrepreneurs & Founders
• Business Owners & Professionals
• Multi-generational families
• Foundations & Endowments Wealth Management & Investment Advisory Services SlateStone offers a comprehensive set of wealth advisory services and dedicated resources designed to respond to the unique needs of our clients. We seek a deep understanding of our client’s unique life vision and current financial situation before creating a tailored wealth and investment plan to serve as a roadmap for the future. Understanding a client’s life values and financial goals aids in our ability to successfully govern the relationship and provide a guideline for the ongoing management of our client’s wealth plan. Whether the relationship is broad and deep (including comprehensive life management and financial planning combined with investment management and other services), or focused solely on strategic investment management services, our advice is designed to simplify our clients’ lives and give definition to the mutually established investment objectives we seek to deliver. By taking into consideration time horizons, tax considerations, liquidity, and any other unique circumstances that could impact the management of a client’s financial plan and investment portfolio, we are equipped to address a lifetime of changing needs. Throughout the relationship, our advisors and investment team members use their skills to educate, communicate, and collaborate on financial and non- financial issues providing recommendations on investment options to be considered. Interactive management, monitoring, rebalancing of the client portfolio strategy and detailed reporting is part and parcel of our guidance. SlateStone’s Investment Policy Committee identifies the big-picture global economic themes and specific investment vehicles it believes offer the best investment opportunities for its clients, assessing the geo-political landscape, direction of interest rates, prospects for inflation/ deflation, among many other factors, with the goal of identifying opportune investment themes and vehicles. Based on our economic and market outlook, our research team performs in-depth research and analysis of individual equities, mutual funds, external managers and non-traditional investments such as public and private alternatives which for qualified clients may include direct investments in segments such as private equity, real estate, hard asset lending, hedge funds, and venture capital. Our goal is to identify investments we believe will produce the greatest return, within certain risk parameters, to meet our clients’ varied objectives. SlateStone serves primarily high net worth and ultra-high net worth individuals, families as well as entities and foundations who have in excess of $1 million in investable assets. Most of SlateStone’s clients receive discretionary investment advisory services on a fee-only basis. Discretionary means you provide us written authorization to make investment decisions and securities transactions on your behalf and in accordance with stated objectives. We make all decisions to buy, sell or hold securities or other investments, including cash, in your account and allocate assets in a manner deemed appropriate to meet your financial objectives. SlateStone invests on behalf of its clients primarily in securities that are publicly traded except where noted above. We supervise client portfolios proactively and will execute transactions to buy and sell positions or rebalance holdings when we believe it is appropriate to help achieve objectives and/or to limit risk. Private Client Services is designed for individuals and families with investment portfolios typically exceeding $5 million, have significant annual income, and net worth, and who require complex guidance and reporting, coordination with other financial professionals, and who qualify for access and introduction to direct private investments. We provide in-depth guidance covering a comprehensive set of needs, from creating a full financial and investment plan to the coordination of all investments and risk management; managing and leveraging debt through appropriate lending solutions; defining estate goals and coordinating with key legal advisors; consolidated reporting and administration of all assets whether managed by SlateStone or others. The Private Client Services encompasses the following as requested:
• Investment Management, asset allocation and security selection including sourcing, vetting, and monitoring direct investment opportunities
• Consolidated reporting, including periodic global asset allocation summary, real estate, and income summary
• Review of insurance coverages, including homeowner’s, auto, life and disability
• Business opportunities and other services, utilizing SlateStone’s extensive connections to expedite the introduction and connection process between client, potential business partners and service providers
• Coordinates with client’s other professional including legal counsel, accountant, etc on financial matters, tax planning, asset location, etc. to meet overall objectives
• Introduces and provides guidance on private investment opportunities for accredited investors and/or qualified purchasers in the areas of real estate, private equity, venture capital, and hedge funds Family Office Services is designed to consolidate many of the financial and non-financial services for ultra-high net worth families with the complexities of multi-generational wealth. The service is an expansion of the firm’s Private Client offering and is designed for families of significant net worth typically over $30 million and investable net worth above $10 million.  Investment strategy & asset management  Philanthropy  Risk management  Family governance and dynamics  Tax guidance/planning (not prep)  Lifestyle management  Estate planning  Record keeping and reporting  Liquidity/cash flow management  Bill pay (services outsourced)  Liability/debt management Customized Investment Management Service is designed for those clients who typically have $5 million or more in investable assets and/or who have special situations or investment restrictions that require highly specialized solutions. Custom portfolios are individually tailored and address sophisticated investment requirements such as situations that involve special tax considerations, concentrated or low-basis stock positions, inheritance issues or closely held businesses. SlateStone’s investment professionals determine through an in-depth review with the client an appropriate plan of action to meet the client’s unique circumstances. Our customized portfolio solutions provide review and analysis of existing holdings, risk management reduction, asset allocation and portfolio construction with regular rebalancing. Within these portfolios, we typically invest in individual equity and fixed income securities, and, where suitable, options strategies and alternative investments that could include exposure to private placements, hedge funds, private equity, and real estate. SlateStone may utilize internally managed asset allocation strategies alongside, or in combination with, individual equities and bonds to create a blended and diversified portfolio to achieve overall investment goals based upon suitability. These services include a comprehensive review of existing assets to ensure a streamlined and tax efficient transition of the client’s assets and/or securities to meet an appropriate

portfolio aligned to individual investment objectives. Strategic Portfolio Management Service is a comprehensive investment management solution designed primarily for investor with investable assets up to $3 million and includes investment portfolio design and implementation, tax efficient management and reporting plus ongoing and continuous oversight of client accounts. When advising on and constructing client portfolios, the firm will typically utilize equity and bond related ETFs and mutual funds to build a diversified portfolio. Within this framework, and if appropriate, we will advise a client to utilize a mutual fund asset allocation strategy, model portfolios, or the use of an external third-party manager. Depending on the client’s objectives, the firm allocates primarily for results over time, however, we will also employ short term tactical moves to protect from downside market conditions when deemed appropriate. Tactical moves may include the use of specialized funds or ETFs over the shorter term or increasing cash levels as deemed appropriate based on the specific client risk tolerance and short- and long-term objectives. Financial Planning and Consulting Services Financial planning services are provided as a component of wealth management and investment advisory services but may be offered as a stand-alone service under a separate engagement with the client. Financial planning services include guidance on both investment and non-investment related matters based on a client’s financial situation and specific goals and objectives. The service can be focused or broad and may include but not be limited to:  Budgeting and expense Planning  Charitable Giving  Cash flow analysis & Planning  Tax Planning  Retirement Planning  Wealth Transfer  Trust & Estate Planning  Education Planning The process of financial planning begins with an in-depth client consultation and requires specific information about the client’s income, assets, net worth, debts, objectives, and goals at different life stages among other factors and are necessary to provide planning advice and recommendations. A formal financial plan or specific advice will be rendered to the client based upon the information provided and specific actions may be offered to meet the plan dynamics. As part of our comprehensive wealth planning service, the financial plan will be integrated with the investment plan. Should a client choose only financial planning services under a separate agreement, it will be the client’s decision and responsibility to take action on any recommendations provided as a result of the planning service. Within the scope of financial planning and consulting services, SlateStone does not serve as an attorney or accountant, does not prepare estate planning documents or tax returns, and its services should not be construed as legal or tax advice. Where appropriate, we will recommend outside professionals for non-investment-related services (accountants, attorneys, insurance agents). The client is never under any obligation to engage with a recommended professional. Whereby a client uses the services of a recommended professional, and a dispute arises thereafter, relative to that engagement, the client agrees to seek recourse exclusively from and against the engaged professional. Whenever SlateStone makes a recommendation for the Financial Planning client to utilize the services of a third-party as mentioned above, SlateStone shall:
• Have a reasonable basis for the recommendation or engagement based on the person’s reputation, experience, and qualifications.
• Disclose to the client, at the time of the recommendation or prior to the engagement, any arrangement by which someone who is not the client will compensate or provide other material economic benefit to the firm, or a related party for the recommendation or engagement.
• When engaging a person to provide services for a client, exercise reasonable care to protect the client’s interests. When selecting or using and recommending technology, SlateStone shall document the due- diligence process which will include:
• Exercising reasonable care and judgment when selecting, using, or recommending any software, digital advice tool, or other technology while providing professional services to a client.
• Having a reasonable level of understanding of the assumptions and outcomes of the technology employed.
• Having a reasonable basis for believing that the technology produces reliable, objective and appropriate outcomes. Financial planning and consulting recommendations may pose a conflict between the interests of the advisor and the client. As an advisor may be incented to recommend that client engage the advisor for investment management services or increase the amount of assets being managed which could increase the amount of advisory fees paid for the services. Furthermore, it would be a conflict of interest if we were to suggest investing funds over loan repayments to enhance your assets under management with us, thus increasing the advisory fee. Our priority is to provide advice that best serves the client's interests, ensuring transparency and alignment with their goals. A client is not obligated to implement any recommendations or take any specific action advised or maintain a relationship. Account Aggregation Reporting To assist with our planning and consulting services, SlateStone offers aggregation of outside assets/accounts held by a client and will provide periodic comprehensive reporting services which incorporate all of the client’s investment assets, including those investment assets that are not part of the assets being managed by SlateStone. SlateStone’s service, related to outside assets, is limited to reporting only and does not include discretionary investment management of the outside assets. SlateStone does not have trading authority over the outside assets and as such the client is exclusively responsible for directing and implementing any recommendations SlateStone may provide in the course of our financial planning or investment management relationship related to outside assets. Furthermore, SlateStone shall not be responsible for any implementation error (trading, etc.) that may occur related to any outside assets. In the event the client desires that SlateStone provide investment management services on any of the outside assets, the client will do so under the terms and conditions of SlateStone’s Investment Management /Consulting Services Agreement. Separately Managed Accounts or Subadvisors In certain circumstances, and to meet overall client investment objectives, our internally managed solutions could be augmented with an investment strategy from an external, Separate Account Manager or Sub-Advisor, skilled in specialized management strategies (options, alternatives, real estate, structured notes, etc.). SlateStone reviews a client’s time horizon, objectives, tax situation, income and liquidity needs and recommends a portfolio asset allocation mix based on this criteria. In recommending independent managers, SlateStone will consider factors such as the manager’s designated investment objective, management style, performance, reputation, financial strength, reporting and pricing. When utilizing an independent manager, SlateStone will continue to provide investment advisory services to the client on a discretionary basis and relative to ongoing monitoring and review of account performance, overall portfolio asset allocation, and client investment objectives. In such circumstances, the independent manager shall be granted discretionary trading authority and have day-to-day responsibility for the active management of the allocated assets. Prior to providing investment management services with external managers, the client will enter into a separate investment management agreement with SlateStone and with each Investment Manager recommended by SlateStone (this is a “dual contract arrangement”). The investment manager is contracted by the client, on the recommendation of SlateStone in accordance with the client’s objectives, subject to any agreed upon restrictions. In some circumstances, SlateStone, at its discretion, shall agree to enter into, or maintain a “single contract arrangement,” whereby the client contracts directly with us as the advisor for investment management services and, in turn, SlateStone, pursuant to a sub-advisory agreement with the manager, obtains such investment management services on behalf of its client. When SlateStone believes an investment manager is no longer suited to provide services to a client, we typically have the authority to terminate and replace that manager under our Investment Management Agreement with the client. SlateStone receives no direct financial compensation from the investment managers it recommends. Investment managers may host educational seminars for the firm’s clients. Cash/Liquid Positions In the course of managing investments for clients, SlateStone may choose to take a defensive position and increase cash positions based upon perceived or anticipated negative market conditions. All cash positions (money markets etc.) are included as part of assets under management for purposes of calculating the firm’s advisory fee. Alternative Private Investments When appropriate, and in accordance with the clients’ financial experience, objectives, income and net worth, SlateStone may recommend the use of one or more alternative private investments, limited partnerships, or funds. Clients for whom such services are suitable must meet the definition of “accredited investors” as defined in the Securities Act. SlateStone will provide advice on private alternative investments such as real estate-related investments (e.g., mortgages, direct investments in real estate, and investments in real estate funds) as well as private equity, hedge funds, hard-asset lending funds, etc. Services included within the scope of such advice include sourcing, strategic research, due diligence, investment monitoring, and reporting. For additional information on each Fund’s strategy please consult the private placement memorandum. SlateStone coordinates when appropriate with outside consultants or alternatives platforms for additional support in sourcing investments, providing specialized guidance, and assistance with due diligence and research. In some cases, the offerors or control persons of private investments we recommend and invest in, on behalf of suitable clients, may be clients of SlateStone. SlateStone receives no compensation for recommending these private investments and gains no advantage by utilizing their products. Held Away Assets SlateStone provides additional services for accounts where it is not possible for the firm to transact trades through the standard custodial arrangements. These services include investment advice on company retirement accounts, 529 plans, and variable annuities. SlateStone will periodically discuss holdings in accounts and the overall investment objectives with clients who have these types of accounts to suggest adjustments to holdings, monitor the investments and provide statements and performance reporting (where given access) on an ongoing basis. Retirement Rollover If we recommend that you rollover your retirement plan, such as a 401(k) into an account we manage there is an inherent conflict of interest as we will be paid a fee. You are never under any obligation to rollover retirement plan assets to an account managed by us. When considering rolling over a 401(k) to an IRA your options generally include:
• Leave in the 401(k) plan if permitted
• Rollover to a new employer’s plan if permitted
• Cash out the account value – depending on age may have adverse tax concerns. A few of the benefits of rolling over the 401(k) to an account we manage for you may include:
• Increased asset selection
• Alignment with your financial objectives
• Enhanced services
• Access to discretionary asset management
• A reduction of fee rates based on larger assets under management. When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.