BR Capital Advisors LLC (“BR Capital” or the “Firm”) is an investment advisory firm with its principal place of business located in Miami, Florida, organized as a Florida limited liability company in August 2020. As used in this brochure, the words "we," "our," and "us" refer to BR Capital and the words "you," "your," and "client" refer to you as either a client or prospective client of our firm. Also, you may see the term "associated person" throughout this brochure. As used in this brochure, our associated persons refer to our officers, employees, and all individuals providing investment advice on behalf of our firm. The sole shareholder of BR CAPITAL is BR Capital LP (Canada). Pablo Cuevas serves as the Firm’s Chief Executive Officer / Principal and Juan Carlos Riera as Chief Compliance Officer (“CCO”). More information about our related persons is found in Item 10, Other Financial Industry Activities and Affiliations. A. SERVICES BR CAPITAL offers discretionary and non-discretionary investment advisory services for domestic and foreign high net worth individuals, trusts, family offices and institutions through separately managed accounts (each a “Client” and collectively the “Clients”). Every Client signs an investment advisory agreement (“Agreement”), setting forth the relevant terms and conditions of the advisory relationship with us. Clients may impose reasonable restrictions on investing in certain securities, types of securities or industry sectors. BR CAPITAL customizes the nature and scope of its services based on a particular Client’s current and anticipated financial condition, risk tolerance and goals, and these services may include consulting on portfolio construction, investment opportunities, hedging of existing assets and/or such other advisory services as BR CAPITAL and such Client may agree. Information provided by the Client is also collected during meetings, interviews and/or by completing questionnaires. BR CAPITAL will work with each Client to establish an appropriate investment profile. After defining the Client’s appropriate investment profile, the investment strategy is implemented through a combination of investment products. For non-discretionary Clients, we provide research, advice and recommendations. However, you must provide specific consent prior to each transaction. If we enter into a non- discretionary arrangement with you, you have an unrestricted right to decline to implement any advice provided by our Firm. Within discretionary portfolio management, BR CAPITAL will define the Client’s appropriate investment profile and recommend an investment strategy. More information about the investment strategies is found in Item 8. In accordance with the Agreement, the Client grants the Adviser full discretionary authority to invest, reinvest and otherwise deal with the allocated assets in their discretion, including without limitation the authority to select, allocate and reallocate the assets in your account, when the Adviser deems it appropriate and without prior consultation with you to buy, sell, convert, and otherwise trade in any security for the allocated assets. The Adviser works with a disciplined and systematic investment decision process. The approach is built upon financial market analysis and an economic scenario defined by the Adviser. Fundamental and technical analysis is used to identify investments for recommendations that are suitable and have a reasonable basis for recommendations. The advisory agreement entered by BR CAPITAL shall be in accordance with the requirements of the Advisers Act and other applicable federal and state law. Additional services include implementation of investment recommendations, quarterly portfolio evaluations, consultation, and assistance with the implementation of suggested planning strategies through an affiliate, Asesorías BR Capital SpA (Chile). These services are provided pursuant to a Sub-Advisory Agreement between BR CAPITAL and Asesorías BR Capital SpA (Chile). There is no additional cost to you as a Client for these services. In conjunction with the implementation of your financial plan and/or the management

of your portfolio, we may manage your assets on a discretionary basis or non-discretionary basis through our managed account program and/or we may refer you to use the services of unaffiliated, Third Party Money Managers ("TPMMs"), whose services are described in their respective Form ADV Disclosure Brochures (only for US-based advisors registered with the SEC and or the appropriate State(s)). We will determine which programs and strategies are most appropriate for you, based upon your individual circumstances, needs, and investment objectives, and, as described below, may exercise discretion in hiring and firing TPMMs for the management of your account's assets. You will also be provided the TPMM's Form ADV Disclosure brochure (if applicable). B. WRAP FEE PROGRAMS Wrap Fee Programs are arrangements between broker-dealers, investment advisers, banks, and other financial institutions and affiliated and unaffiliated investment advisers through which clients of such firms receive discretionary investment advisory, execution, clearing, and custodial services in a “bundled” form. In exchange for these “bundled” services, clients pay an all-inclusive (or “wrap”) fee determined as a percentage of the assets held in the wrap account. BR CAPITAL offers a Wrap Fee Program sponsored and managed by Insigneo Securities, LLC, which provides clients participating in the program with different asset allocation models for a single fee that includes administrative fees, management fees, and commissions. Transactions in the wrap fee program accounts are executed through Pershing LLC ("Pershing") the “Custodian(s"). The custodians are securities broker-dealers and members of the Financial Industry Regulatory Authority ("FINRA") and the Securities Investor Protection Corporation ("SIPC"). Insigneo maintains a wrap fee program brochure (Part 2A, Appendix 1) for clients who elect to invested in the program. More information regarding the wrap fee program may be found in the firm's Part 2A, Appendix 1. C. Multi Strategy Portfolios (“MSPs”) Clients may elect to have their assets managed through an MSP. An MSP is a discretionary account invested in several products, including but not limited to Mutual Funds, ETFs, stocks, bonds and alternative investments. Custody and execution for our MSPs are provided by Interactive Brokers. Clients may select different investment portfolios from a selection that is updated regularly, each based on a particular investment objective / risk tolerance. Currently the selection of MSBs includes: MSP INCOME PORTFOLIOS: This portfolio has an emphasis on generating current income by investing in securities with various degrees of risk of loss of principal (volatility), including bonds, equities (dividend paying stocks), mutual funds and cash equivalents. Note: depending on client personal income target, the strategy may require increasing credit risk to achieve higher target income; in this case, volatility will increase to moderate. MSP INCOME AND GROWTH PORTFOLIO: This portfolio has an emphasis on generating capital appreciation and current income by investing in securities having a combination of lower and higher degree of risk of loss of principal (medium volatility). This portfolio gives to the investor the opportunity of capitalizing on growth and income while maintain a specific level of risk (Lower / Medium / Higher) through equities, equity mutual funds, bonds, bond mutual funds, and depending on the client risk profile, alternative investments. MSP GROWTH PORTFOLIO: This portfolio has an emphasis on generating capital appreciation by investing in securities with a higher degree of risk of loss of principal. This portfolio is suitable for investor who wants to participate mostly in the global equity markets, global bond markets and alternative investments. The Advisor manages three different Growth Portfolios, with different levels of volatility, depending on the client’s profile and risk appetite. D. ASSETS UNDER MANAGEMENT As of December 31, 2023, the firm has approximately $350 Millions in Assets Under Management, $346MM non-discretionary and $4MM discretionary.