4 Beech Hill Advisors, Inc. is a SEC-registered investment adviser with its principal place of business located in New York. Beech Hill Advisors, Inc. began conducting business in 1988. Registration with the SEC does not imply a certain level of skill or training.
Listed below are the firm’s principal shareholders (i.e., those individuals controlling 25% or more of the firm).

• Paul Seth Cantor Esq., Chairman & President
• William Robert Wurm, Chief Executive Officer & Chief Investment Officer Beech Hill Advisors, Inc. offers the following advisory services to our clients: INDIVIDUAL PORTFOLIO MANAGEMENT Our firm provides continuous asset management of client funds based on the indi- vidual needs of the client. Through personal discussions in which goals and objec- tives based on the client’s particular circumstances are established, we develop the client’s personal investment strategy. We create and manage a portfolio as a direct result of that strategy. During our data-gathering process, we determine the client’s individual objectives, time horizons, risk tolerance, and liquidity needs. As appro- priate, we may also review and discuss a client’s prior investment history, as well as family composition and background.
We manage advisory accounts primarily on a discretionary basis. Occasionally, we will accept accounts on a non-discretionary basis. Our advisory management services are guided by the client’s stated objective(s) (i.e., growth, balanced or income), as well as tax considerations.
On occasion, clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors by contacting us in writing of the restriction request.
Once the client’s portfolio has been established, we strive to review the portfolio frequently, but in any event at least quarterly. If necessary, we rebalance the portfo- lio on an as necessary or annual basis based on the client’s individual needs.
Each Beech Hill Advisors, Inc. portfolio manager has his or her own investment philosophy and focus; consequently, portfolio construction will vary among port- folio managers. The portfolio manager will explain his or her own strategies to that client while taking the client’s personal situation into account.
5 · Beech Hill Advisors · Part 2A of Form ADV Our investment recommendations are not limited to any specific product or service offered by a broker-dealer and will generally include advice regarding the following securities:
• Exchange-listed securities
• Securities traded over the counter
• Foreign issuers
• Exchange traded funds
• REITs, MLPs, and other pooled investment vehicles
• Warrants
• Corporate debt securities (other than commercial paper)
• Municipal securities
• Mutual fund shares
• United States governmental securities
• Options contracts on securities
• Interests in partnerships investing in securities
• Insurance and annuity products Because certain investments involve additional degrees of risk, such investments will only be implemented when consistent with the client’s individual objectives, time horizons, risk tolerance, and liquidity needs.
MUTUAL FUND PORTFOLIO MANAGEMENT Due to the increased costs associated with managing the mutual fund, BHA began liquidating the Beech Hill Total Return Fund in November 2023. The mutual fund is closed and distributions to fund investors were completed in December 2023.
FINANCIAL

PLANNING Wealth planning services are also available to our clients at no additional charge. Wealth planning is a comprehensive evaluation of a client’s current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans. Through the financial planning process, all questions, information and analysis are considered as they impact and are impacted by the entire financial and life situation of the client. If a client is receptive to our plan- ning approach, the client will receive a written plan that provides the client with a detailed financial plan designed to assist the client achieve his or her financial goals and objectives.
In general, the financial plan can address any or all of the following areas:
• Personal: We review family records, budgeting, personal liability, estate infor- mation and financial goals.
6 · Beech Hill Advisors · Part 2A of Form ADV
• Tax and Cash Flow: We analyze the client’s income tax and spending and planning for past, current and future years to determine the impact of various investments on the client’s current income tax and future tax liability.

• Investments: We analyze investment alternatives and their effect on the client’s portfolio.

• Insurance: On occasion, at the request of the client, we may review existing policies to ensure proper coverage for life, health, disability, long-term care and liability.

• Retirement: We analyze current strategies and investment plans to help the client achieve his or her retirement goals.

• Death and Disability: We review the client’s cash needs at death, income needs of surviving dependents, estate planning and disability income.

• Estate: We assist the client in assessing and developing long-term strategies, including as appropriate, living trusts, wills, review estate tax and powers of attorney.
We gather required information through in-depth personal interviews, including the client’s current financial status, tax status, future goals, returns, objectives and attitudes towards risk. We carefully review documents supplied by the client to assist in the preparation of the Investment Advisory Plan. Should the client choose to implement the recommendations contained in the plan, we suggest the client work closely with his/her attorney, accountant, insurance agent, and/or stockbro- ker. Implementation of financial plan recommendations is entirely at the client’s discretion.
We also provide general non-securities advice on topics that may include tax and budgetary planning, estate planning and business planning.
Typically, the financial plan is presented to the client in draft form shortly after the initial client meeting. A final financial plan is generally presented within a few weeks providing that all of the information needed to prepare the financial plan has been promptly supplied by the client. We generate scenarios using eMoney software.
Financial planning recommendations are not limited to any specific product or service offered by a broker-dealer. All recommendations are of a generic nature.
AMOUNT OF MANAGED ASSETS As of December 31, 2023, we managed approximately $313,100,000 of clients’ assets, of which, approximately $301,900,000 was managed on a discretionary basis and approximately $11,200,000 was managed on a non-discretionary basis.
7 · Beech Hill Advisors · Part 2A of Form ADV