Who We Are We are a boutique investment advisory firm serving high net worth individuals and their families with discretionary investment management services. Seascape was founded in April 2003. The Firm is owned by the James W. McCarthy Revocable Trust of 1993 and the Monica Ann McCarthy Trust of 2015. Monica A. McCarthy is the Trustee and Managing Member of the James W. McCarthy Revocable Trust of 1993 and the Grantor and Trustee of the Monica Ann Ness Revocable Trust of 2015. We are an independent firm. We consider this business structure crucial to serving the wealth management needs of our clients. What We Do We offer comprehensive advisory services. Our primary business is built on discretionary portfolio management services. However, we believe that investment management is most effectively delivered within the context of a client’s greater wealth picture. So, before we begin constructing a portfolio, we start with an extensive interview process to make sure we consider all relevant aspects of a client’s net worth. Then we create investment plans, retirement plans, or financial plans as appropriate. Many of our clients are business owners or executive management so we also try to incorporate the risks and opportunities that their livelihoods entail into these strategies. As a courtesy to our clients who prefer to keep their assets in one place, we may also maintain their cash and nondiscretionary accounts on our books. Nearly all our services incorporate elements of quantitative analysis and qualitative judgement. Let us discuss both these approaches—first in the context of investment planning and then in that of discretionary portfolio management. Our Fiduciary Responsibility to Our Clients As a registered investment advisor subject to the Investment Advisers Act of 1940, we have always had a fiduciary responsibility to our clients. In plain language, this means we always act in the best interests of our clients. Period. Retirement Investor Fiduciary Disclosure When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are a fiduciary within the meaning of Title I of the Employee Retirement Income Security Act (ERISA) and/or the Internal Revenue Code, as applicable which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. March 2024 4 Under this special rule’s provisions, we must: 1. Meet a professional standard of care when making investment recommendations (give prudent advice); 2. Never put our financial interests ahead of yours when making recommendations (give loyal advice); 3. Avoid misleading statements about conflicts of interest, fees, and investments; 4. Follow policies and procedures designed to ensure that we give advice that is in your best interest; 5. Charge no more than is reasonable for our services; and 6. Give you basic information about conflicts of interest. Personalized Investment and Financial Planning We start with tools that incorporate historical and forecasted risk and return relationships for numerous asset classes (stocks, bonds, alternative investments, etc.) to craft plans for our clients. These are based on how different assets’ returns are correlated over time and how volatile those returns have been and are likely to be. We pair these with an assessment of how our clients feel about uncertainty, their earnings power, their income needs, and their priorities in life. Finding the best asset allocation plan involves formulas, assumptions, and rules that theoretically produce a longer-term ideal mix of assets for a client’s personal level of risk as well as a probable rate of return. We consider thousands of scenarios and combinations of holdings to get this right. This is the quantitative part of planning, and it provides a useful starting point. However, there are almost always elements of a client’s situation that simply cannot be captured by math. Similarly, long term historical returns may have little relation

to the short term. There are disadvantages to strategies that aren’t tailored to a client’s individual needs and risks to ignoring the short-term state of the market and economy. To address the market risk, we use our decades of experience working with clients and analyzing market research to make shorter term tactical adjustments to these plans in an effort to make them more realistic and more suitable for our clients. We believe there is a great advantage to combining tested theory with empirical judgment. However, as with any decision, we could be wrong and cause a client’s portfolio to underperform. To ensure we create a plan and portfolio for our clients that best suits their needs, we complete an extensive interview process and make every effort to stay in touch throughout our relationship with them. We can accommodate clients that come to us with specific restrictions regarding buying or selling certain individual securities. March 2024 5 Often, in the process of getting to know our clients, we identify very complex wealth management needs. In these situations, an integrated strategy for them may require professional services outside of our areas of expertise. Graphically, the building blocks of our client-centric wealth management services look like this: For example, we are not attorneys but have identified opportunities for preserving wealth after reviewing clients’ estate documents. In these cases, we may recommend the client meet with their attorney to have their estate documents updated or may refer the client to an attorney if appropriate. We firmly believe that helping our clients preserve and direct their assets by making optimum use of estate planning tools is as important as the management of the investments that make up those assets. Investment Management Quantitative analysis, when it refers to security selection, means we focus first on objective measurements of financial ratios and estimates to identify attractively priced investments. The specific data we look at is proprietary but can be categorized into fundamental intrinsic value measures, quality measurements, and technical momentum factors. Intrinsic value measures include Operating Cash Flow, Economic Profit, and Economic Margin. Quality measurements include accrual composition and management quality. Technical momentum includes Price and Earnings momentum. We combine elements of all of these to objectively rank a universe of potential investment candidates to find the ones we believe have the most potential for growth. The advantage of this type of analysis is that it greatly increases the number of securities we can effectively consider and strips away biases that may have prevented a security’s consideration in the first place. The risk of this process, in the absence of other considerations, is that it doesn’t consider macroeconomics or conditions that mere numbers might not reflect. March 2024 6 Qualitative judgement needs explanation here only so you can understand how it colors the quantitative process described above. Our team has strong and diverse experience in investments, and we apply that experience as an overlay to make sure that our calculations make sense in the context of what is going on with a company or the investment world in general. For example, we review corporate filings and news on a company to ensure there are no mergers, spin offs, or management changes that would alter the character of what the numbers appear to tell us. Similarly, our economic or market analysis may lead us to increase or decrease holdings in a specific industry or sector regardless of a company’s numerical ranking. The advantage of investing this way is that, if we are correct, we add value by taking subjective risks into account and attempting to mitigate them. The disadvantage, as with all decisions based on judgement, is that there is no guarantee we’ll be right. Wrap Fee Programs We do not participate in any wrap fee programs. Assets under Management As of December 31, 2023, we managed a total of $ $353,134,101 in assets under management on a discretionary basis.