Description of Firm TownSquare Capital, LLC (“TownSquare”) is a registered investment adviser primarily based in Provo, UT. We are organized as a limited liability company ("LLC") under the laws of the State of Utah. We have been providing investment advisory services since June 2017. In July 2022, TownSquare Capital, LLC was acquired by Orion Advisor Solutions, Inc. ("Orion"), a company controlled by funds affiliated with Genstar Capital Partners LLC and TA Associates, LLC (the “Change of Control Transaction”). Therefore, we are primarily owned by Orion Advisor Solutions, Inc. TownSquare Capital, LLC is a wholly-owned, indirect subsidiary of Orion. The following paragraphs describe our services and fees. As used in this brochure, the words "we," "our," and "us" refer to TownSquare Capital, LLC. The term “Primary Investment Adviser” refers to the affiliated and unaffiliated third-party investment advisors who engage us to perform sub-investment advisory services. The term “Underlying Client” refers to the end-investor whose funds we are managing at the direction of the Primary Investment Adviser, as delegated to us by the Primary Investment Adviser. The term “you” refers to the Primary Investment Adviser and those individuals in which we provide our services directly to as further described in Item 7 – Types of Clients of this brochure. Sub-Advisory Asset Management Services to Registered Investment Advisers We offer sub-advisory services to both affiliated and unaffiliated third-party money managers (the "Primary Investment Adviser") per the terms and conditions of a written Sub-Advisory Agreement between us and the Primary Investment Adviser. This is sometimes referred to as Outsourced Chief Investment Officer, or OCIO, services. The Primary Investment Adviser maintains the direct relationship with the investor for whom we are managing assets (the “Underlying Client”), and we manage these assets as delegated to us by the Primary Investment Adviser. At the request of the Primary Investment Adviser, our supervised persons, such as portfolio managers or investment strategists, may meet with Underlying Clients jointly with the Primary Investment Adviser. The Primary Investment Advisers that engage our sub-advisory services maintain both the initial and ongoing day-to-day relationship with the Underlying Clients, including initial and ongoing determination of client suitability for the designated investment strategies selected for the Underlying Clients. Our obligation is limited to management of the allocated assets consistent with the objective and/or strategy designated by the Primary Investment Adviser. If the custodian/broker-dealer is determined by the Primary Investment Adviser, we will be unable to negotiate commissions and/or transaction costs, and/or seek better execution. As a result, the Underlying Client may pay higher commissions or other transaction costs or greater spreads, or receive less favorable net prices, on transactions for the account than would otherwise be the case through alternative clearing arrangements recommended by us. Higher transaction costs adversely impact account performance. Our sub-advisory services involve discretionary asset management tailored to meet the Underlying Client’s needs and investment objective, based on the information provided to us by the Primary Investment Advisor. We require that the Underlying Client grant us trading authority at the custodian by executing a Limited Power of Attorney to manage their account. Subject to a grant of discretionary authorization, we have the authority and responsibility to formulate investment strategies on the Underlying Client’s behalf based on the information provided to us by the Primary

Investment Adviser. Discretionary authorization will allow us to determine the specific securities, and the amount of securities, to be purchased or sold for the Underlying Client’s account without obtaining approval prior to each transaction. The Primary Investment Advisor may permit the Underlying Client to limit our discretionary authority (for example, limiting the types of securities that can be purchased or sold for the Underlying Client account). The Primary Investment Advisor must provide us with a list of any such restrictions and guidelines in writing. As part of our asset management services, in addition to other types of investments (see disclosures below in this section), we may invest Underlying Client assets according to one or more model portfolios developed by our firm and selected by the Primary Investment Advisor. These models are designed for investors with varying degrees of risk tolerance ranging from a more aggressive investment strategy to a more conservative investment approach. Underlying Clients who may impose restrictions on investing in certain securities or types of securities in their account may be prevented from investing in certain models that are managed by us. Pooled Investment Vehicles We are the manager of TownSquare WTI Opportunity I, LLC. The Fund is closed to new investors. We are the manager of TownSquare Sundance Bay Opportunity I, LLC. The Fund is offered to certain sophisticated investors, who meet certain requirements under applicable state and/or federal securities laws. Investors to whom the Fund is offered will receive a private placement memorandum and other offering documents. House Accounts We may offer asset management services directly to employees and their relatives or close acquaintances, as well as legacy accounts that have not transitioned to another Primary Investment Adviser (i.e., House Accounts). The services are similar to those described above under the section entitled “Sub-Advisory Asset Management Services to Registered Investment Advisers.” Types of Investments We offer advice on equity securities, warrants, corporate debt securities (other than commercial paper), commercial paper, certificates of deposit, municipal securities, variable life insurance, variable annuities, mutual fund shares, United States government securities, options contracts on securities, options contracts on commodities, futures contracts on tangibles, futures contracts on intangibles, money market funds, real estate, REITs, PIPEs, derivatives, structured notes, ETFs, private placements, interests in partnerships investing in real estate, oil and gas. Additionally, we may advise on various types of investments based on the Underlying Client’s stated goals and objectives, as communicated to us by the Primary Investment Adviser. We may also provide advice on any type of investment held in the Underlying Client’s portfolio at the inception of our sub- advisory asset management services. Wrap Fee Programs In the event that we are engaged to provide investment advisory services as part of an unaffiliated wrap- fee program, we will be unable to negotiate commissions and/or transaction costs. Under a wrap program, the wrap program sponsor arranges for the investor participant to receive investment advisory services, the execution of securities brokerage transactions, custody and reporting services for a single specified fee. Participation in a wrap program may cost the participant more or less than purchasing such services separately. Assets Under Management As of December 31, 2023, we provide continuous management services for $8,777,551,735 in client assets on a discretionary basis, and $0 in client assets on a non-discretionary basis.