Beacon Investment Advisory Services, Inc. (“BIAS” or “Beacon Trust”) has been in business as a registered investment adviser since April 2015. BIAS does business under the name, Beacon Trust. Beacon Trust is owned by Beacon Trust Company which is a New Jersey limited purpose trust company. Beacon Trust Company is owned by Provident Bank which is owned by Provident Financial Services, Inc. a publicly traded company (NYSE: PFS). The firm seeks to guide its clients through the lifecycle of wealth creation, wealth management, and intergenerational wealth transfer. Beacon Trust provides financial planning, tax preparation, and asset management services to its clients. Prior to engaging Beacon Trust to provide any investment advisory services, the client is required to enter into one or more written agreements with Beacon Trust setting forth the terms and conditions under which Beacon Trust renders its services (collectively the “Agreement”). When we provide investment advice to you regarding your retirement plan account we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act 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 interests ahead of yours. Some aspects of the rule are included throughout this document. In addition, under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest. As of December 31, 2023, Beacon Trust managed approximately $4 billion of regulatory assets under management on a discretionary basis. This Disclosure Brochure describes the business of Beacon Trust. Certain sections will also describe the activities of Supervised Persons. Supervised Persons are any of Beacon Trust’s officers, directors (or other persons occupying a similar status or performing similar functions), or employees, or any other person who provides investment advice on Beacon Trust’s behalf and is subject to Beacon Trust’s supervision or control. Financial Planning and Tax Preparation Beacon Trust may provide its clients with a broad range of comprehensive financial planning and tax related services. Beacon Trust works to lead each of its clients through the firm’s holistic planning process in an organized series of steps. Specific disciplines addressed in the planning process include:
• Family governance
• Compensation and benefits
• Income tax minimization
• Cash flow planning
• Net worth analysis
• Education/goal planning
• Long-term retirement planning
• Estate planning
• Charitable giving
• Risk exposure analysis & management
• Asset allocation planning
• Portfolio design Beacon Trust may recommend the products and services of itself and/or other professionals to implement its recommendations. Clients are advised that a conflict of interest exists if Beacon Trust recommends its own products and/or services, for which the client may pay more or less compared to other non-affiliated products and services. As described further in this brochure, Beacon Trust may recommend products or services of its affiliate, Beacon Trust Company. However, this conflict is mitigated since the client is under no obligation to act upon any of the recommendations made by Beacon Trust under a financial planning or consulting engagement or to engage the services of any such recommended professional, including Beacon Trust itself. The client retains absolute discretion over all such implementation decisions and is free to accept or reject any of Beacon Trust’s recommendations. Clients are advised that it remains their responsibility to promptly notify Beacon Trust if there is ever any change in their financial situation or investment objectives for the purpose of reviewing, evaluating, or revising Beacon Trust’s previous recommendations and/or services. Investment and Wealth Management Services Clients can engage Beacon Trust to manage all or a portion of their assets on a discretionary basis. As detailed in Item 8, Beacon Trust allocates clients’ investment management assets in both in-house equity and fixed income strategies, as well as with Independent Managers (as defined below), mutual funds (including Beacon Trust managed funds), exchange-traded funds (“ETFs”), individual debt and equity securities, options, investment limited partnerships, or other investments in accordance with the objectives of the client. If appropriate, Beacon Trust may provide advice about any type of investment held in clients' portfolios. Beacon Trust will, on occasion, render non-discretionary investment management services to clients relative to variable life/annuity products that they may own, their individual employer-sponsored retirement plans, and/or 529 plans or other products that may not be held by the client’s primary custodian. In so doing, Beacon Trust either directs or recommends the allocation of client assets among the various investment options that are available. Client assets are maintained at the specific insurance company or custodian designated by the service. Beacon Trust tailors its advisory services to the individual needs of clients. Beacon Trust consults with clients initially and on an ongoing basis to determine risk tolerance, time horizon and other factors that may impact the clients’ investment needs. Beacon Trust ensures that clients’ investments are suitable for their investment needs, goals, objectives, and risk tolerance. This would include ensuring clients are invested in the most advantageous mutual fund share class, at the time of investment, as well as at the time which client assets may be transferred to Beacon Trust, and on an ongoing basis. At times, a more advantageous share may exist, however, the client may not be eligible for inclusion, due to the size of investment or mutual fund company contractual agreements with the custodian or Beacon Trust. Clients are advised to promptly notify Beacon Trust if there are changes in their financial situation or investment objectives or if they wish to impose any reasonable restrictions upon Beacon Trust’s management services. Clients may impose reasonable restrictions or mandates on the management of their account (e.g., require that a portion of their assets be invested in socially responsible funds) if, in Beacon Trust’s sole discretion, the conditions will not materially impact the performance of a portfolio strategy or prove overly burdensome to its management efforts. If it is determined that it has a material impact, Beacon Trust will work with the client to tailor the desired restriction into the investment management services. Use of Independent Managers As mentioned above, Beacon Trust recommends that certain clients authorize the active discretionary management of a portion of their assets by and/or among certain independent investment managers (“Independent Managers”), based upon the stated investment objectives of the client. The terms and conditions under which the client engages the Independent Managers are set forth in a separate written agreement between Beacon Trust or the client and the designated Independent Managers. Beacon Trust renders services to the client relative to the discretionary selection of Independent Managers. Beacon Trust also monitors and reviews the account performance and the client’s investment objectives. Beacon Trust receives an annual advisory fee which is based upon a percentage of the market value of the assets being managed by the designated Independent Managers. When selecting an Independent Manager for a client, Beacon Trust reviews information about the Independent Manager such as its disclosure brochure and/or material supplied by the Independent Manager or independent third parties for a description of the Independent Manager’s investment strategies, past performance and risk results to the extent available. Factors that Beacon Trust considers in recommending an Independent Manager include the client’s stated investment objectives, as well as the manager’s management style, performance, reputation, financial strength, reporting, pricing, and Beacon’s research of the manager. The investment management fees charged by the designated Independent Managers, together with the fees charged by the corresponding designated broker- dealer/custodian of the client’s assets, may be exclusive of, and in addition to, Beacon Trust’s investment advisory fee set forth above. As discussed above, the client may incur additional fees separate from those charged by Beacon Trust, the designated Independent Managers, and corresponding broker-dealer and custodian. In addition to Beacon Trust’s written disclosure brochure, the client also receives the written disclosure brochure of the designated Independent Managers. Certain Independent Managers may impose more restrictive account requirements and varying billing practices than Beacon Trust. Management of the Mutual Funds Beacon Accelerated Return Strategy Fund (“BARLX") The mutual fund (“Fund”) Fund’s investment objectives are capital appreciation and alpha generation. The Fund aims to achieve its investment objective of capital appreciation by investing in call options that replicate the returns of the broad U.S. equity indices. The Fund aims to achieve its investment objective of alpha generation by purchasing and selling call options on U.S. equity indices to enhance the returns and generate premium income. The Fund aims to achieve its investment objective through the systematic purchase of rolling investments or “tranches”. Each tranche is made up of long and short options traded on the performance of a broad market index. Index exposure may be gained

using additional options, a basket of securities, exchange traded funds (“ETFs”) or other means. Beacon Planned Return Strategy Fund (“BPRLX”) This Fund’s investment objectives are capital preservation and capital appreciation. The Fund aims to achieve its investment objective of capital preservation by purchasing put options against the U.S. equity indices. The Fund aims to achieve its investment objective of capital appreciation by purchasing call options on U.S. equity indices and collecting premium income from selling call and put options against the U.S. equity indices. The Fund aims to achieve its investment objective through the systematic purchase of rolling investments or “tranches”. Each tranche is made up of long and short options traded on the performance of a broad market index. Index exposure may be gained using additional options, a basket of securities, ETFs, or other means. You may pay more in fees if you are invested in the Beacon Funds than if invested in other funds available through the Wrap Program. All clients are invested in the most advantageous share class available in both funds. This creates a conflict of interest since we have a financial incentive to recommend the Beacon Funds to you. Beacon mitigates this conflict by not charging advisory fees on top of Fund management fee as the Beacon Funds are excluded from fee calculations. The Funds are registered under the Investment Company Act of 1940 and the interests of which are registered pursuant to the Securities Act of 1933. Wrap Program Beacon Trust offers the Beacon Trust wrap program (“Wrap Program”) through Schwab Advisor Services division of Charles Schwab & Co., Inc. (“Schwab”), a registered broker-dealer, member SIPC, as described below. Beacon Trust offers the Wrap Program, if deemed appropriate, to interested prospects and advisory clients. Beacon Trust is the sponsor of the Wrap Program and the party responsible for marketing it. Generally, the clients in the Wrap Program include high net worth individuals and trusts. The fees for the program are listed later in the document. Beacon Trust does not offer different tiers of fees for these accounts. If a client wants an account that is non-discretionary, that can be accommodated, if reasonable to the firm, and suitable to the client, at a different fee structure. The description of the Wrap Program herein is a summary and a copy of the Beacon Trust wrap fee brochure (Form ADV Part 2A Appendix 1) is available to clients upon request without charge. The Beacon Trust portfolio management group pursues investment strategies as follows:
• The Core Strategy portfolio seeks to provide long-term capital appreciation by investing in the common stock of companies that have compelling financial characteristics and disruptive catalysis to drive growth. The strategy focuses on companies with above-average return on invested capital (ROIC), free cash flow margins, and revenue growth. Valuation measures such as the price/earnings ratio relative to the strategy’s benchmark, the S&P 500, are considered but are not a driving factor in the management of the strategy. Core’s managers are financial analysts that use quantitative screens and a qualitative review to select companies that have the potential to compound their capital value at an above-average rate over a five year period, without incurring above average risk.
• The Income and Appreciation portfolio is comprised of highly rated stocks according to Beacon Trust’s multifactor models. A blend of growth and value, the portfolio holds about 40 stocks with a minimum capitalization of $2 billion. There is an emphasis to generate a dividend yield significantly higher than the S&P 500. The Income and Appreciation portfolio is actively managed with constant portfolio manager oversight, risk management and a process-driven trading strategy. It includes current income, capital appreciation and total return. In stock selection, the portfolio tries to be cognizant of portfolio risk characteristics.
• The ‘FIRM’ portfolio, an acronym for Factor Information Return Model, utilizes factors in the portfolio construction process. Factors are underlying exposures that explain and drive stock returns. The factor approach provides opportunity to replicate the best parts of the market, can provide diversification, avoids overexposure to growth and large-cap biases, and avoids poorly compensated risks. It utilizes three transparent factors that have historically driven above-average stock returns: Quality: Low volatility in earnings per share (EPS) and low debt to equity; Valuation: Low price to earnings (P/E) ratio; and Size: Small market capitalization. The portfolio is constructed from the S&P 500 universe by ranking the aforementioned factors independently utilizing a screening process. The monthly reconstitution process replaces stocks falling short of the factor standards with higher ranking stocks in each quartile. The process is predominantly quantitative, thereby reducing fundamental judgments and portfolio manager biases in stock selection.
• The ‘HI-DIV’ portfolio recognizes the historical importance of dividends within the total return compounding process. It holds high quality companies that we believe are committed to appropriate capital deployment activities, including competitive dividend payouts to shareholders. Holdings will have one of the following three attributes: above average current dividend yield; attractive dividend growth potential; or prospective dividend growth in excess of market expectations. The strategy maintains a long-term time horizon which generally results in low portfolio turnover.
• In addition, Beacon Trust constructs household level portfolios of mutual funds, ETFs and managed accounts, for its clients. The ETF model portfolios’ process was developed by our investment committee based upon the principles of behavioral finance. The result is a portfolio that is specifically matched to a client’s risk tolerance. Beacon Trust does this by optimizing the portfolio based upon the expected return, volatility and correlation of the underlying components. Beacon Trust considers the following factors rooted in behavioral finance when determining a client’s economic and emotional risk tolerances: 1. Investment objective 2. Portfolio risk definition 3. Reaction to levels of loss 4. The risk/return trade off 5. Potential losses vs. potential gains 6. Anxiety of losses vs. the satisfaction of gains 7. Investment performance time horizon 8. Stability of potential returns 9. Personal goals vs. benchmark comparison 10. Spending or gifting levels Conservative ETF Strategy: tends to hold a larger percentage of fixed income assets compared to equity and alternative assets; Balanced ETF Strategy: tends to hold similar amounts of equity and fixed income assets, although this may change depending on our macroeconomic outlook; Aggressive ETF Strategy: tends to hold a larger percentage of equity assets compared to fixed income and alternative assets.
• Additionally, Beacon Trust’s fixed income strategies invest individual client portfolios using direct ownership of bonds and other fixed income securities in an individual account, allowing for customized restrictions and tax management. Beacon Trust’s philosophy in trading fixed income for our clients is to minimize risk and find safety in big names with high credit quality. Taxable Fixed Income: Beacon Trust focuses on active portfolio management to construct and manage limited duration, high quality taxable portfolios, while seeking to produce income and preserve principal. Portfolios are managed in a separate account for full transparency and income predictability. The team analyzes the interest rate forecast for 12-24 months and attempts to determine the optimal point on the yield curve for mature structure, and then identifies attractive sectors within the taxable marketplace, and then opportunistically trade in the marketplace to purchase bonds at institutional levels. Tax Exempt Fixed Income: Beacon Trust focuses on active portfolio management in an effort to construct and manage limited duration, high quality tax-exempt portfolios, while seeking to maximize after-tax income while preserving principal. Portfolios are managed in a separate account for full transparency and income predictability. The team analyzes the interest rate forecast for 12-24 months and attempts to determine the optimal point on the yield curve for mature structure, and then identifies attractive sectors within the tax- exempt marketplace, and then opportunistically trade in the marketplace to purchase bonds at institutional levels. Clients may elect to pursue these strategies through the Wrap Program, under which clients will pay a single fee (i.e., wrap fee) to Beacon Trust, and Beacon Trust will then be responsible for all brokerage expenses. By enrolling in the Wrap Program, clients are choosing the brokerage services of Schwab. Assets placed in the Wrap Program are managed on a fully discretionary basis by Beacon Trust. Review & Reports of Account Beacon Trust’s Wrap Fee Program accounts will be formally reviewed at least annually, in addition to the regular contact with clients for investment discussions specific to account needs and services, to determine that the account holdings are consistent with the investor profile, investment restrictions and risk objectives. More frequent reviews may be triggered by material changes in variables such as the client’s individual circumstances, the market, and political or economic environment. Program clients will receive account statements, at least quarterly, and transaction confirmations directly from their custodian(s). Beacon Trust may arrange for periodic performance reports to be delivered to the client or made available to the client in other electronic forms. This would include a review of positions transferred in-kind from other financial institutions. You should ensure that you compare these reports to those provided by the custodian. 401k Plan Advisory At times, Beacon Trust may enter into an agreement to provide advice to the individual participants of 401k plans. The advice given is specific to the plan itself and only affects those participants in the plan under contract. This advice does not involve specific security or portfolio selection, therefore no conflict should exist.