9AT: RESOURCE MANAGEMENT SERVICE, LLC

other names

RESOURCE MANAGEMENT SERVICE, LLC

Adviser Profile

As of Date	07/31/2025
ADV Location	BIRMINGHAM, AL, United States
Adviser Type - Large advisory firm
Number of Employees	155 -3%
of those in investment advisory functions	18 6%
Registration	SEC, Approved, 02/20/2004

AUM^*	5,315,190,000 9%
of that, discretionary	1,383,040,000 7%
Private Fund GAV^*	1,339,770,000 1%
Avg Account Size	379,656,429 1%
SMA’s	Yes
Private Funds	5
Contact Info	205 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Pension and profit sharing plans
- Other investment advisers
- Other

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Fund Type	Count	GAV
Fund TypeReal Estate Fund	Count4	GAV$243,570,000
Fund TypeOther Private Fund	Count1	GAV$1,096,200,000

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 ARA EUROPE PRIVATE MARKETS LIMITED	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 SAVANNA INVESTMENT MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund361.5m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund5.2m	Total Private Fund GAV366.7m	AUM366.7m	#Funds26
Adviser TERRACAP MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund1.6b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund180.1m	Total Private Fund GAV1.8b	AUM1.9b	#Funds11
Adviser COBBLESTONE CAPITAL ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund122.4m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund18.1m	Total Private Fund GAV140.5m	AUM2.9b	#Funds17
Adviser TAYLOR DERRICK CAPITAL, L.L.C.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund216.3m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund60.9m	Total Private Fund GAV277.1m	AUM847.5m	#Funds13
Adviser CENTERSQUARE INVESTMENT MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund1.1b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund152.1m	Total Private Fund GAV1.2b	AUM13.4b	#Funds24
Adviser HOWARD FINANCIAL SERVICES, LTD.	Hedge Fund4.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund78.8m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund121.6m	Total Private Fund GAV205.1m	AUM1.4b	#Funds34
Adviser FAIRFIELD REALTY ADVISORS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund2.7b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund340.1m	Total Private Fund GAV3.0b	AUM5.2b	#Funds12
Adviser QUADRANT REAL ESTATE ADVISORS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund84.6m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund7.0m	Total Private Fund GAV91.6m	AUM109.0m	#Funds7
Adviser PARTICIPANT CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund171.1m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV171.1m	AUM171.1m	#Funds6

Brochure Summary

Overview

Firm Description Resource Management Service, LLC (“RMS”) is a vertically integrated, privately held timberland investment manager serving institutional investors. U.S. operations are conducted through RMS which is domiciled in the U.S. and located in Birmingham, Alabama. RMS also has regional offices throughout the southern U.S. International operations are conducted through wholly owned subsidiaries in Brazil and New Zealand. RMS is owned and operated by its employees. RMS has 37 Members, including most senior management and key employees. RMS was founded in 1950 as a timberland management and consulting firm providing forestry services to the forest products industry and other private landowners. In 1985, RMS partnered with a timberland investment manager as its southern U.S. asset manager. In 2004, RMS became a timberland investment manager, offering comprehensive timberland investment services to pension funds, endowments, foundations, family offices and other institutional investors. Principal Owners RMS’s owners consist of 37 members. A total of 24 RMS employees and one board member owns 65% of the firm. Thirteen local individual investors own the remaining 35%. Ownership in the company is broadly distributed. The largest ownership interest by an individual

represents 11.05% of the membership interest of RMS, with seven senior employees holding a total ownership interest of 41.02%. Types of Advisory Services RMS provides timberland investment management services to institutional investors through pooled timberland funds (“Funds”) for which RMS is the manager. RMS also serves a small number of institutional investors through direct accounts (“Direct Accounts” and together with the Funds, the “Clients”). RMS sources transactions, manages timberland assets, conducts timber and land sales, and performs client accounting and reporting – all on a vertically integrated basis (i.e., with in-house staff). RMS does not tailor advisory services to the individual needs of investors in the Funds. As of December 31, 2023, RMS managed approximately $1.3 billion on a discretionary basis and $3.8 billion on a non-discretionary basis in timberland assets in two countries for 13 Clients. Investment Management Agreement An investment management agreement or similar governing document is executed between RMS and each Client. The agreement specifies investment management, property management and performance-based fees charged to the Client by RMS, and these vary by Client. Other provisions such as investment term vary by Client.

RESOURCE MANAGEMENT SERVICE, LLC

Adviser Profile

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Brochure Summary

Overview