Grandfield & Dodd, LLC (“G&D”) provides customized investment advisory and management services to individuals, families, trusts, and others. Since its founding in 2001, the firm has been independently-owned and currently has four principal owners—Cheryl Grandfield, Ted Cho, Jeffrey MacDonagh, and Andrea Sharkey. We seek to preserve and enhance the real purchasing power of our clients’ wealth over time through investments in publicly-traded securities and other assets. We work closely with each client to structure and manage diversified investment portfolios tailored to address their specific requirements, goals, and circumstances. Tax considerations and financial and estate planning needs are integral to the investment decision-making process for most clients, and we engage in ongoing discussion of these topics to orient investment portfolios accordingly. As part of our customized approach, we are responsive to client requests to consider social and environmental issues in their investments, and we allow clients to impose restrictions on certain securities or types of securities. We are not affiliated with any banks, broker-dealers, or other financial institutions; therefore, we are able to serve our clients free from undue influence and with minimal conflicts of interest. As of December 31, 2023, G&D managed the following client assets: Note: Discretionary assets are held in accounts where we have permission to implement investment decisions without first consulting the client. Non-Discretionary assets are held in accounts where we may not arrange transactions without first obtaining specific client consent. Assets held in client accounts where we do not have the ability to arrange trades on behalf of the client are not included in the above figures. For additional information about discretion, please refer to the “Investment Discretion” section on page 13 of this brochure. Discretionary1,919,619,469$ Non-Discretionary5,913,462 Total Assets Under Management1,925,532,931$ Fees & Compensation G&D charges clients a management fee based on a percentage of assets under management. Our standard fee schedule is as follows: Management fees are assessed in advance each calendar quarter. We calculate our fees using the market value (or our best estimate of fair market value in the absence of market value) of assets under management at the end of the previous calendar quarter. Based on each client’s preference, we will either deduct our fees directly from client assets or bill the client via invoice each quarter. Sample Fee Calculation

Second quarter (April 1 to June 30) management fees are calculated based on assets under management as of March 31. Assuming $8 million assets under management as of the market close on March 31, second quarter management fees are calculated as follows: These management fees would most likely be billed (or deducted) some time in April. Important Fee Disclosures We believe our standard fee schedule is highly competitive. However, comparable services may be available from other providers at lower rates. Because our fees are calculated based on assets under management, G&D has a financial incentive to recommend to clients that they add assets to accounts under our management in order to increase our management fees. Annual Assets Under ManagementFee Rate first $1 million1.00% next $4 million0.60% next $5 million0.50% next $10 million0.40% next $30 million0.30% balance over $50 million0.25% Quarterly Assets Under ManagementQuarterly Fee Rate AppliedFee first $1 million0.250% (1/4 of 1.00%)2,500$ next $4 million0.150% (1/4 of 0.60%)6,000 next $3 million0.125% (1/4 of 0.50%)3,750 12,250$ Under certain circumstances, our fee arrangements may be negotiable. However, as a matter of policy, G&D does not and will not utilize any fee arrangement based on a share of capital gains on or capital appreciation of client assets. To the extent that certain assets are charged reduced fees or are exempt from fees, a potential conflict of interest will exist since we will have a financial incentive to shift funds into higher-fee assets. Our management fees do not include any fees or commissions charged by third parties in connection with our advisory services (e.g., custodial fees, transaction fees, broker commissions, fund expenses, etc.). Accordingly, we encourage clients to review all third- party fees and expenses as well as G&D’s management fees when evaluating the total cost of management. For additional information on brokerage costs, please refer to the “Brokerage Practices” section on page 9 of this brochure. A relationship may be terminated at any time, by G&D or a client, upon notification of the other party. G&D will refund any prepaid, unearned fees as calculated on a daily pro rata basis. New clients have the right to terminate an advisory relationship without penalty within five business days of establishing one. Performance-Based Fees & Side-By-Side Management As a matter of policy, G&D will not accept performance-based fees from a client. This type of fee arrangement is based on a share of capital gains on or capital appreciation of client assets.