FIRM DESCRIPTION Sand Hill Global Advisors, LLC (“SHGA,” “Firm,” or “Advisor”), is registered as an investment advisor with the Securities and Exchange Commission (“SEC”). Founded in 1982, SHGA provides investment management and wealth management services to high-net-worth individuals, families, trusts, not-for- profit organizations, pension and profit-sharing plans, limited liability companies, partnerships, corporations, and business entities. The Firm’s mission is to help clients make the most of their wealth through managing major milestones, navigating unexpected situations, overcoming challenges, and making optimal plans for our clients’ families and futures. The Firm acts as a fiduciary for its clients and takes that role very seriously, putting clients’ interests ahead of its own and ahead of the interests of its employees. SHGA’s goal is to address each client’s unique and individual needs and restrictions. In its business operations, the Firm strives to provide its services on a conflict-free basis – and takes steps to mitigate conflicts wherever possible. For example, no compensation is paid to or by SHGA for referrals made or received, or for the investments incorporated in our clients’ portfolios. Our objective is to provide transparency with respect to all the work done for and with our clients. To the greatest extent possible, the Firm attempts to align its interests directly with our clients’ interests. SHGA is owned by fourteen internal shareholders as follows: Jeffrey Abadie, CFP®, Senior Wealth Manager Megan Breslin, Senior Wealth Manager Elizabeth Cody, CFP®, Senior Wealth Manager Anthony Craun, CFA, Chief Operating Officer Sara Craven, CFP®, Chief Wealth Manager Caroline Curts, CFP®, Chief Compliance Officer Meghan Degroot, Senior Portfolio Manager Brian Dombkowski, CFA, Chief Executive Officer Janet Hoffmann, CFA, CFP®, Senior Wealth Manager Stephen Peterson, CFP®, Senior Wealth Manager Mark Strahs, Co-Chief Investment Officer Kristin Sun, CFP®, CDFA®, Senior Wealth Manager, Director of Financial Planning Brenda Vingiello, CFA, Chief Investment Officer Kimberleigh Williams, CFP®, Senior Wealth Manager TYPES OF ADVISORY SERVICES SHGA provides (1) investment management services (2) financial planning and wealth management services, and (3) financial advisory services provided on an hourly fee basis to individuals and couples, and their advisors, navigating significant life transitions. 1. Investment Management Services: SHGA provides discretionary investment management services to its clients. Fees are charged based upon an annual percentage of assets under management, as described below in Item 5. On occasion, the Firm is asked to supervise specific assets for clients on a non-discretionary basis. In these cases, though SHGA may be asked to provide advice to Client relative to these assets, Client is responsible for making the final decision to buy, sell or hold these particular investments and for requesting that SHGA take action, or not, on their behalf. These clients generally pay a lower fee on non-discretionary account assets in an amount that is memorialized in the Client’s Agreement or alternatively, no fee on unmanaged assets. SHGA can at any time and in its sole discretion waive these fees. SHGA will from time to time utilize sub-advisers to manage all or a portion of a Client’s assets on a discretionary basis. Once a sub-adviser is selected, the Firm continues to monitor the chosen manager to ensure that they adhere to the philosophy and investment style for which they were selected. The Firm retains discretionary authority to hire and fire a sub-adviser and reallocate Client assets where such action is deemed to be in the best interest of the Client. Clients will be responsible for payment of sub-advisory fees, which are separate and distinct and in addition to the fees assessed by the Firm. Please see Item 5 below for additional information regarding fees assessed by sub-advisers. Additionally, clients will receive Form ADV Part 2A for each sub-adviser and are strongly encouraged to read it. 2. Financial Planning and Wealth Management Services: From the inception of a Client relationship and going forward from that point, SHGA acts as a resource to its clients in articulating and managing their financial journey. Whether for individual, family, ERISA, or not-for-profit clients, the firm provides a variety of analytical and administrative services to produce financial statements, illuminate financial risks and challenges, evaluate risk tolerance, establish investment strategy, and initiate actions with estate and/or tax professionals also serving our clients. The goals of these services are focused on assuring that clients have a clear and attainable path to follow in pursuing their financial objectives, and that they carefully manage that path. On more than an occasional basis, SHGA furnishes advice to clients on a broad variety of financial topics, including but not limited to, taxation, estate planning, and insurance. SHGA is not a law firm and does not render legal advice. SHGA is not an accounting firm or tax preparer and does not render tax counsel. SHGA is not an insurance specialist and offers no insurance products. At the authorization of its clients SHGA will work with the client’s legal, and tax professionals as well as insurance agents to facilitate information flow and coordinate work on these matters on behalf of its clients. These financial planning and

wealth management services are provided in conjunction with the investment management services described under paragraph number one above and are covered by those fees unless the client is a legacy investment management client as described in Item 5. 3. Hourly Financial Planning and Wealth Advisory Services: In addition to its ongoing investment management and wealth management services, SHGA provides planning and guidance to individuals navigating major life transitions. Such services include, but are not limited to, guidance to individuals and couples going through divorce, pre-nuptial and post-nuptial agreements, and include guidance on property settlement, spousal and family support, and related matters. Clients are not required to enact investment recommendations through SHGA. These services are offered at an hourly rate. Please refer to Item 5 below. TAILORED RELATIONSHIPS Generally, an investment policy statement (IPS) or similar document is used to capture the investment objectives, risk tolerances, investment restrictions, and the strategy to be employed for the Client. Guidelines and restrictions imposed by the Client relative to investing in or allocating certain securities or types of securities also are articulated in that document. Thereafter, the Client’s strategy, guidelines and restrictions are documented in SHGA's trading system to assure the firm implements and manages each Client’s investment plan in accordance with the IPS and/or client’s investment objectives. In certain instances, SHGA will utilize margin accounts with Clients. Clients should be aware that the use of margin creates a conflict of interest between us and our clients since our fees are based on the full value of the assets under management including any assets purchased using margin. In order to mitigate that conflict, when possible SHGA opens separate accounts to maintain the margin debit and such accounts are not assessed a management fee. Buying securities on margin subjects Client to additional costs and risks that should be carefully considered before opening a margin account. For more information regarding margin account fees and the risks of loss in general, please refer to Items 5 and 8, below. TYPES OF AGREEMENTS The following agreements define the typical client relationships: WEALTH MANAGEMENT AGREEMENT SHGA and its Clients mutually enter into a contract which is titled the Wealth Management Agreement. That agreement describes the terms on which SHGA provides services to its clients. It states that it is the Client’s responsibility to keep the firm informed of their initial and changing circumstances in order to assure the firm is able to effectively and appropriately manage their investments. Though the firm generally offers its investment management services on a discretionary basis, SHGA also supervises specific assets for clients on a non-discretionary basis. Terms relating to SHGA’s wealth management services, fees and steps to terminating the SHGA’s services are outlined in the Firm’s Wealth Management Agreement. HOURLY PLANNING ENGAGEMENTS At times, SHGA provides specialized financial planning and advisory services to clients who are navigating significant life transitions, primarily divorce, and expert witness services. SHGA provides these clients with an engagement letter which describes the arrangement. These services often include planning and analysis delivered to the Clients’ legal advisors. These services are generally provided on an hourly basis, subject to a prepaid retainer to which hourly charges are applied on a monthly basis during the engagement. Clients are under no obligation to implement their financial plan through us or anyone recommended by us. Investment management services are not offered as part of these engagements. If such services are required, a Wealth Management Agreement is put into place between the Client and SHGA. WRAP-FEE PROGRAMS SHGA does not provide its services to any wrap fee program, as that term is defined in the instructions to Form ADV Part 2. GENERAL INFORMATION ABOUT SHGA’S ADVISORY SERVICES As indicated above, advisory services provided by SHGA are customizable based upon the individual needs, objectives, and other financial goals of the client. This information, together with any other information relating to the client’s overall financial circumstances, will be used by the Firm to determine the most appropriate asset allocation and investment strategy to best meet the client’s financial goals. SHGA will not assume any responsibility for the accuracy of the information provided by the client. SHGA is not obligated to verify any information received from the client or from the client’s other professionals (e.g., attorney, accountant, etc.) and is expressly authorized to rely on such information. Under all circumstances, clients are responsible for promptly notifying the Firm in writing of any material changes to the client’s financial situation, investment objectives, time horizon, tax status, risk tolerance or other material information that the Firm may have relied upon in rendering its services. If a client notifies the Firm of such changes, SHGA will review the changes and may recommend revisions to the client’s financial plan and/or portfolio. As of December 31, 2023, SHGA managed $3,443,771,282 of client assets; $3,425,248,087 on a discretionary basis and $18,523,195 on a non-discretionary basis.