9AT: BALDWIN INVESTMENT MANAGEMENT, LLC

Adviser Profile

As of Date	03/16/2026
Registration	SEC, Approved, 05/26/1999
ADV Location	WEST CONSHOHOCKEN, PA, United States
Contact Info	610 xxxxxxx
Websites

AUM^*	1,295,038,694 19%
of that, discretionary	1,036,476,287 24%
Number of Employees	14 -13%
of those in investment advisory functions	11 22%
Private Fund GAV^*	0
Avg Account Size	1,831,738 26%
% High Net Worth	54.51% 237%
SMA’s	Yes
Private Funds	0

Adviser Type

- Large advisory firm

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Pension and profit sharing plans
- Charitable organizations
- Other

Advisory Activities

- Financial planning services
- Portfolio management for individuals and/or small businesses

Compensation Arrangments

- A percentage of assets under your management

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser MEYER CAPITAL GROUP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM1.5b	#Funds-
Adviser FMSA	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM216.4m	#Funds-
Adviser HARDIN CAPITAL PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM447.8m	#Funds-
Adviser CYPRESS FINANCIAL PLANNING	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM490.4m	#Funds-
Adviser BISON WEALTH, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM2.7b	#Funds-
Adviser EARLY MCCLINTIC & MCMILLAN, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM652.2m	#Funds-
Adviser THE AMERIFLEX GROUP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM9.7b	#Funds-
Adviser TLC GROUP INVESTMENT ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM168.4m	#Funds-
Adviser ARGUS EQUITY PARTNERS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM58.7m	#Funds-
Adviser APTUS CAPITAL ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM14.1b	#Funds-

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker084670108	Stock NameBerkshire Hathaway Inc A	$ Position$398,567,700	% Position47.00%	$ Change-5.00%	# Change0.00%
Stck Ticker11135F101	Stock NameBroadcom Limited	$ Position$22,086,810	% Position3.00%	$ Change-13.00%	# Change-3.00%
Stck Ticker037833100	Stock NameApple Inc	$ Position$17,910,168	% Position2.00%	$ Change-6.00%	# Change1.00%
Stck Ticker67066G104	Stock NameNvidia Corp	$ Position$19,929,903	% Position2.00%	$ Change-8.00%	# Change-1.00%
Stck Ticker46625H100	Stock NameJ.P. Morgan Chase & Co	$ Position$14,170,974	% Position2.00%	$ Change-9.00%	# Change0.00%
Stck Ticker512807306	Stock NameLam Research Corp	$ Position$18,928,987	% Position2.00%	$ Change13.00%	# Change-10.00%
Stck Ticker92532F100	Stock NameVertex Pharmaceuticals	$ Position$6,993,709	% Position1.00%	$ Change-1.00%	# Change1.00%
Stck Ticker92537N108	Stock NameVertiv Holdings Co	$ Position$6,037,009	% Position1.00%	$ Change55.00%	# Change0.00%
Stck Ticker922908363	Stock NameVanguard S&P 500 Etf	$ Position$5,483,736	% Position1.00%	$ Change-2.00%	# Change3.00%
Stck Ticker78409V104	Stock NameS&P Global Inc	$ Position$4,737,159	% Position1.00%	$ Change-13.00%	# Change6.00%

Brochure Summary

Overview

Baldwin Investment Management, LLC became registered with the Securities and Exchange Commission on July 5, 1999 and commenced business as an investment adviser on that date. Baldwin Investment Management’s Principal Owners are as follows: Baldwin Investment Management, LLC is wholly owned by Baldwin Management, LLC. The principal owners of Baldwin Management LLC are as follows: W. Paul Havens, Jr. and Ida H. Havens Trust F/B/O Peter H. Havens. Baldwin Investment Management LLC ("Baldwin"), provides continuous and regular supervisory or management services. Baldwin gives continuous advice to its clients based on the individual needs of each client. Baldwin provides investment supervisory services to retail investors, trusts, estates, charitable organizations, corporations, pension and profit- sharing plans. Baldwin manages accounts on a discretionary and non-discretionary basis. If you invest with us on a discretionary basis, our firm will buy and sell investments in your account(s) without requiring your pre-approval on an ongoing basis until you notify us in writing to switch to non-discretionary. A non-discretionary account means that we seek your approval to make the ultimate decision regarding the purchase or sale of investments in your account. All agreements will remain in place until you or Baldwin terminate the relationship. Baldwin’s advisory services include portfolio management of your account and financial planning. We will monitor your account in accordance with

your investment contract,. In these circumstances, all recommendations will be made to the client, and no action will be taken within the account until signed authorization has been given from the client. Additionally, Baldwin does invest in private funds. Before private funds are recommended to any client, a client suitability review takes place to determine which clients the investment might be suitable for, based on their investment objectives, if they are a qualified purchaser, and if the investment would be in line with the client’s interests. Once a review is done, the private fund is offered to client’s whose suitability matches the investment opportunity. Account supervision is guided by the stated objectives of the client (i.e., maximum capital appreciation, growth, income, or growth and income. Consideration is given to the allocation of assets to equity and fixed income securities and recommendations and selections are tailored to the individual's overall investment objective. Baldwin requires each and every client to complete an Investment Policy Statement (IPS) which is used to manage client assets in accordance with their investment objectives, needs, goals, and risk profile. Baldwin offers Financial Planning services to clients. Assets Under Management Baldwin’s Assets under Management calculated as of December 31, 2023 are: Discretionary Assets: $ 832,561,331 Non-Discretionary Assets: $ 254,510,673 Total:_ $1,087,072,004

BALDWIN INVESTMENT MANAGEMENT, LLC

BALDWIN INVESTMENT MANAGEMENT, LLC

RKM A BALDWIN INVESTMENT MANAGEMENT COMPANY

CHESTER COUNTY ASSET MANAGEMENT, A BALDWIN COMPANY LLC

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Top Holdings

Brochure Summary

Overview

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BALDWIN INVESTMENT MANAGEMENT, LLC BALDWIN INVESTMENT MANAGEMENT, LLC RKM A BALDWIN INVESTMENT MANAGEMENT COMPANY CHESTER COUNTY ASSET MANAGEMENT, A BALDWIN COMPANY LLC

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Top Holdings

Brochure Summary

Overview

BALDWIN INVESTMENT MANAGEMENT, LLC

BALDWIN INVESTMENT MANAGEMENT, LLC

RKM A BALDWIN INVESTMENT MANAGEMENT COMPANY

CHESTER COUNTY ASSET MANAGEMENT, A BALDWIN COMPANY LLC