Description of Firm Barnstone Advisors, LLC is a registered investment adviser based in Phoenixville, Pennsylvania. We are organized as a limited liability company ("LLC") under the laws of the State of Delaware. We have been providing investment advisory services since April 2007. We are owned by J. Brinton Detwiler, Patricia Markell McHugh, and Eric G. Erickson.
The following paragraphs describe our services and fees. 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 Barnstone Advisors, LLC and the words "you," "your," and "client" refer to you as either a client or prospective client of our firm.
Portfolio Management Services We offer discretionary portfolio management services to individual and institutional clients. We customize our services based on the unique needs of each of our clients. Unless otherwise instructed by clients, investment advisory engagements involve the development of a financial plan including the compilation and assessment of all known financial assets of the client. Assets and liabilities are then analyzed within the context of the clients stated goals and risk tolerance and feedback is provided on the appropriate approach to best align objectives and resources.
While Barnstone may utilize model portfolios in constructing a client's investment strategy, individual portfolios will differ, reflecting each client's own situation with respect to such factors as: age, tax sensitivity, investment time horizon, investment restrictions, composition of assets not under our management, and frequency of rebalancing their portfolio to reflect the model portfolio.
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 us 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 and the appropriate trading authorization forms.
You may limit our discretionary authority (for example, limiting the types of securities that can be purchased or sold for your account) by providing our firm with your restrictions and guidelines in writing.
Financial Planning and Consulting Services We offer separate financial planning and consulting services which typically involve providing a variety of advisory services to clients regarding the management of their financial resources based upon an analysis of their individual needs. These services can range from broad-based financial planning to consultative or single subject planning. If you retain our firm for financial planning services, we will meet with you to gather information about your financial circumstances and objectives. We may also use financial planning software to determine your current financial position and to define and quantify your long-term goals and objectives. Once we specify those long-term objectives (both financial and non-financial), we will develop shorter-term, targeted objectives. Once we review and analyze the information you provide to our firm and the data derived from our financial planning software, we will deliver a plan to you either in a written form or through a digitally documented system, designed to help you achieve your stated financial goals and objectives.
Financial plans are based on your financial situation at the time we

present the plan to you, and on the financial information you provide to us. You must promptly notify our firm if your financial situation, goals, objectives, or needs change.
4 You are under no obligation to act on our financial planning recommendations. Should you choose to act on any of our recommendations, you are not obligated to implement the financial plan through any of our other investment advisory services. Moreover, you may act on our recommendations by placing securities transactions with any brokerage firm.
Wrap Fee Programs We do not participate in any wrap fee program.
Types of Investments We offer advice on equity securities, exchange traded funds ("ETFs"), mutual fund shares, certificates of deposit, municipal securities, United States government securities, money market funds, real estate investment trusts ("REITs"), interests in partnerships investing in real estate and interests in partnerships investing in oil and gas interests.
Additionally, we may advise you on various types of investments 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 including but not limited to: investment advice on alternative investments such as master limited partnerships, commodity oriented ETFs and mutual funds, REITs and mutual funds that may employ "long-short" or "market neutral" strategies.
Since our investment strategies and advice are based on each client's specific financial situation, the investment advice we provide to you may be different or conflicting with the advice we give to other clients regarding the same security or investment.
IRA Rollover Recommendations Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the following acknowledgment to you. When we provide investment advice to you regarding your retirement plan account or individual retirement 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 interest ahead of yours. 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. We benefit financially from the rollover of your assets from a retirement account to an account that we manage or provide investment advice, because the assets increase our assets under management and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in your best interest.
5 Assets Under Management As of January 9, 2024, we provide continuous management services for $178,000,000 in client assets managed on a discretionary basis. We also manage $3,000,000 in client assets on a non-continuous basis.