SouthCol registered as an investment adviser in 2020 and is owned by James W. Lumberg, the Adviser’s founder and principal. As of December 31, 2023, SouthCol manages $126,887,845 in regulatory assets under management on a discretionary basis. SouthCol provides investment advisory services to institutions, high net worth individuals, individuals and families. SouthCol serves clients as a fiduciary and in all activities acts in the best interest of clients. Institutional Services: SouthCol provides customized fiduciary consulting and investment advisory services to institutions such as endowments and foundations. Specifically, SouthCol’s institutional solution includes:
• Governance and Fiduciary Consulting – provides an investment committee with resources to understand and fulfill their fiduciary responsibilities.
• Investments – provides an investment program to empower an institution’s mission in accordance with governance policies, and institutional objectives, risk tolerance and mission. The investment program includes creation and administration of an appropriate allocation across various asset classes and investment selections based on client investment objectives and risk tolerance.
• Reporting – provides investment program reporting to monitor adherence to governance and investment policies and evaluate portfolio performance. Private Wealth Management: SouthCol provides customized fee-based wealth management services to individuals, high net worth individuals, and families. SouthCol’s private wealth management services include:
• Determining Client Objectives and Program Design – development of a risk appropriate investment program designed to match client objectives and risk tolerance.
• Portfolio Construction and Administration – creation and administration of a customized investment program with an appropriate allocation across various asset classes and investment selections based on client objectives and risk tolerance.
• Reporting and Consultation – investment performance reporting and ongoing client consultation. Investment Program and Platform: In providing Institutional Services and Private Wealth Management, SouthCol utilizes the services of Envestnet Asset Management, Inc. (the “Platform Manager”) for trading and investment research, reporting, and, in certain

instances, for determining client risk and appropriate asset allocations. Utilizing the Platform Manager’s tools, as applicable, SouthCol determines the appropriateness of the asset allocation and investment options for clients based on clients’ investment policy or risk tolerance, needs and objectives, investment time horizon and any other pertinent factors, and 5 allocates assets accordingly. SouthCol primarily allocates client assets across mutual funds, equities, exchange traded funds (“ETFs”), closed-end funds, unit investment trusts, real estate investment trusts, and to Separate Accounts and/or Unified Managed Accounts, all of which are managed by independent third-party investment managers (“Independent Managers” or “Sub-Managers”). SouthCol utilizes only Independent Managers that are available through the Platform Manager. SouthCol monitors the investment performance of the Independent Managers and is authorized to add, terminate or change Independent Managers at any time when, in SouthCol’s sole discretion, it is determined that such action is in the best interests of a client. At the request of a client, SouthCol will also provide investment advice about any type of legacy position or other investment held in client portfolios, including alternative investments. SouthCol does not typically allocate client assets to alternative investments, due to liquidity….ETC. However, in limited circumstances, at the request of a client and if consistent with the client’s investment policy statement, SouthCol can recommend alternative investments that are available through the Platform Manager to qualified clients. The Platform Manager and Independent Managers manage client assets via Separately Managed Accounts or Unified Managed Accounts. Clients should review the Platform Manager’s and any selected Independent Manager’s Form ADV Part 2A for a complete description of the investment platform and program options. Mission-Aligned Portfolios: For socially responsible investing, and investors seeking mission-aligned portfolios, SouthCol’s clients have the option to select Mission-Aligned Portfolios, which are implemented using the Platform Manager. Mission-Aligned Portfolios integrate Environmental, Social and Governance (ESG) screens into the investment process based upon clients’ stated values and convictions.