Description of Services and Fees Searle & Co. is a registered investment adviser based in Greenwich, Connecticut. We are organized as a corporation under the laws of the State of Connecticut. We have been providing investment advisory services since 2002. Robert Searle, President/Chief Compliance Officer/Chief Financial Officer is our principal owner.
The following paragraphs describe our services and fees. Please refer to the description of each investment advisory service listed below for information on how we tailor our advisory services to your individual needs. As used in this brochure, the words "we," "our" and "us" refer to Searle & Co. and the words "you," "your" and "client" refer to you as either a client or prospective client of our firm.
Currently, we offer the following investment advisory services, which are personalized to each individual client.
Portfolio Management Services We offer discretionary and in limited circumstances non-discretionary portfolio management services. Our investment advice is tailored to meet our clients' needs and investment objectives. If you retain our firm for portfolio management services, we will meet with you to determine your investment objectives, risk tolerance, and other relevant information at the beginning of our advisory relationship. We will use the information we gather to develop a strategy that enables our firm to give you continuous and focused investment advice and/or to make investments on your behalf. As part of our portfolio management services, we may customize an investment portfolio for you in accordance with your risk tolerance and investing objectives. We may also invest your assets using a predefined strategy, or we may invest your assets according to one or more model portfolios developed by our firm. Once we construct an investment portfolio for you, or select a model portfolio, we will monitor your portfolio's performance on an ongoing basis and will rebalance the portfolio as required by changes in market conditions and in your financial circumstances.
If you participate in our discretionary portfolio management services, we require you to grant our firm discretionary authority to manage your account. Discretionary authorization will allow our firm to determine the specific securities, and the amount of securities, to be purchased or sold for your account without your approval prior to each transaction. Discretionary authority is typically granted by the investment advisory agreement you sign with our firm, a limited power of attorney, or trading authorization forms. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased for your account) by providing our firm with your restrictions and guidelines in writing. If you enter into non-discretionary arrangements with our firm, we must obtain your approval prior to executing any transactions on behalf of your account.
We do not hold our firm out as a financial planner. However, some degree of planning is inherent to the overall management process. We will not provide you with a written financial plan. Any planning services are purely incidental to the management process, and you will not be charged any additional planning fees.
Our fee for portfolio management services is based on a percentage of your assets we manage. The management fee is negotiable, depending on individual client circumstances, and it will not exceed a maximum of 2.0% annually. The fee is due quarterly in arrears and will

be based on the average month-end balance for the previous relevant calendar quarter. For example, the fee will be calculated by adding the month end balance as determined by your account custodian for each month in the 4 relevant calendar quarter, divided by three, and then multiplied by the agreed upon percentage of the assets under management. If the portfolio management agreement is executed at any time other than the first day of a billing period, the fee will be prorated. At our discretion, we may combine the account values of family members living in the same household to determine the applicable advisory fee. For example, we may combine account values for you and your minor children, joint accounts with your spouse, and other types of related accounts. Combining account values may increase the asset total, which may result in your paying a reduced advisory fee based on the available breakpoints in our fee schedule stated above.
Payment of Fees Your funds and securities will be held with a bank, broker-dealer, or other independent, qualified custodian. The qualified custodian for your advisory account will calculate the advisory fee as described in the Portfolio Management Services section above at Item 4. As paying agent, your custodian will directly debit your account(s) for the payment of our advisory fees based on your written authorization. You will receive account statements from the independent, qualified custodian holding your funds and securities at least quarterly. The account statements from your custodian will indicate the amount of our advisory fees deducted from your account(s) each billing period. You should carefully review account statements for accuracy. If you have a question regarding your account statement, or if you did not receive a statement from your custodian, please contact us directly at the telephone number on the cover page of this brochure.
Termination of Portfolio Management Services You may terminate the portfolio management agreement upon 30-days' written notice to our firm. You will incur a pro rata charge for services rendered prior to the termination of the portfolio management agreement, which means you will incur advisory fees only in proportion to the number of days in the quarter for which you are a client. Fees are calculated and paid in arrears. Therefore, we do not receive any pre-paid, unearned advisory fees that we have not yet earned. Refunds are not applicable.
Wrap Fee Program(s) Certain legacy clients entered into a wrap fee agreement with the firm. We no longer offer wrap fee accounts to clients. Types of Investments We primarily offer advice on equity securities, warrants, corporate debt securities, certificates of deposit, municipal securities, investment company securities, US Government securities, options contracts on securities, and others.
Additionally, we may advise you on any type of investment that we deem appropriate based on your stated goals and objectives. We may also provide advice on any type of investment held in your portfolio at the inception of our advisory relationship.
You may request that we refrain from investing in particular securities or certain types of securities. You must provide these restrictions to our firm in writing.
Assets Under Management As of October 27, 2023 we provide continuous management services for $375,572,458 in client assets on a discretionary basis, and $21,798,195 in client assets on a non-discretionary basis.
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