Firm Description Star Capital Inc. is a registered investment adviser primarily based in Edina, Minnesota and organized under the laws of the State of Minnesota. The firm is registered with the U.S. Securities and Exchange Commission, since August 2023, and was previously registered with the Minnesota state securities regulators, since August 2014. Timothy R. Merrill Jr. is the principal owner. 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 Star Capital Inc. 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 direct portfolio management services to individuals and businesses. We will offer clients ongoing portfolio management services through determining individual investment goals, time horizons, objectives, and risk tolerance. Investment strategies, investment selection, asset allocation, portfolio monitoring and the overall investment program will be based on the above factors. 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 granted through the investment advisory agreement you sign with our firm and the appropriate trading authorization forms. An evaluation of your initial situation is provided, often in the form of a net worth statement, risk analysis or similar document. Periodic reviews are also communicated to provide reminders of the specific courses of action that need to be taken. More frequent reviews occur but are not necessarily communicated to you unless immediate changes are recommended. Other professionals (e.g., lawyers, accountants, tax preparers, insurance agents, etc.) may be engaged directly by you on an as-needed basis and may charge fees directly to you for their services. As part of our portfolio management services, in addition to other types of investments (see disclosures below in this section), we may invest your assets according to one or more focused or model portfolios developed by our firm. These focused and model portfolios are designed for investors with varying degrees of risk tolerance ranging from a more aggressive investment strategy to a more conservative investment approach. Clients whose assets are invested in focused or model portfolios may not set restrictions on the specific holdings or allocations within the portfolio, nor the types of securities that can be purchased in the portfolio. Star Capital Portfolios and Allocation Models
• The Orion Portfolio is a strategy involving the purchase of 15-20 Large Cap Value and Dividend paying stocks spread over 10 different market sectors. This unique portfolio process is tailored to each client's investing timeline, deploying funds at strategic price points. Core positions are established over time through fundamental valuation and predetermined technical values. This approach utilizes tactical investment methods to potentially limit downside risk while capitalizing on upside opportunities.
• The Taurus Portfolio utilizes index ETFs to obtain exposure to broader market sectors. The strategic allocation is positioned to overweight or underweight in different sectors depending on stock market analysis and forecasting trends. This portfolio uses rebalancing and sector rotation which is adjusted only as the market dynamic shifts.
• The Sagittarius Portfolio strives to capitalize on a recovery in the energy sector. Diligent screening contributes to selecting specific securities found to be undervalued within the sector.
• The Pisces Portfolio looks to identify equities for long-term capital appreciation where the current market may not favor the securities.
• The Gemini II Portfolio consists of a carefully curated selection of 15-20 preferred stocks and seeks to strike a balance between the stability of bonds and the growth potential of stocks, with the unique opportunity of diversification with preferred equities across various industries and sectors.

• The Centaurus Portfolio is a fixed income portfolio seeking to capitalize on the recent rise in the interest rate complex by investing directly into shorter duration U.S. Government issued treasuries. The strategy incorporates staggering maturity dates for both Treasury Bills (maturity within one year or less) and Treasury Notes (maturity between one year and 10 years). This technique is intended to provide flexibility to reinvest near-term maturities at higher yields if interest rates continue to escalate higher, or extend duration when the Federal Reserve hiking cycle appears to be relaxing.
• Star Capital Allocation Models: Portfolios designed to include elements of active, passive, and hybrid investment vehicles to meet various client objectives and risk profiles. Five Models offered currently: Income, Conservative, Balanced, Growth, and Aggressive Growth. Sub-Adviser Services Star Capital may also act as a sub-adviser to advisers unaffiliated with Star Capital. These third party advisers would outsource portfolio management services to Star Capital. This relationship will be memorialized in each contract between Star Capital and the third party advisor. In providing account management services, we do not accept client restrictions on the specific securities or the types of securities that may be held in your account. Investment Consulting Services Star Capital 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. Consulting topics may include, but are not limited to, investments, insurance, taxes, retirement needs, and estate planning. Qualified Retirement Plan Consulting Services Star Capital will evaluate the Plan and its operation including, at a minimum, its: Trustee, custodial and recordkeeping arrangement; design; fiduciary compliance program; costs and fees associated with investments and service providers; required and elective contributions; employee communication and education program, and; investment selection and monitoring process, including its investment policy statement, hereinafter referred to as the “IPS”. With regard to the IPS, Star Capital will assist the Plan Sponsor in adopting a suitable IPS, amending it from time to time, and will provide information and recommendations, consistent with the IPS, to aid the Plan Sponsor in selecting and monitoring investments offered to Participants in the Plan. Information and recommendations will be based on data as of the end of each calendar quarter. Within a reasonable period of time following each calendar quarter, Star Capital will provide the Plan Sponsor with a written report detailing, at a minimum, all costs and fees associated with investments and operation of the Plan, and information and recommendations, consistent with the IPS, for the Plan Sponsor's selection, deletion and replacement of investments offered to Participants in the Plan. Star Capital 's roles and actions in fulfilling all responsibilities pertaining to this Agreement shall not include those of the Plan's Trustee, and will be performed solely at the direction of the Plan Sponsor, its authorized officers, employees and/or agents. At no time will Star Capital accept, maintain possession of, or have custodial responsibility for, the Plan's assets. Star Capital will not conduct or effect the purchase or sale of any assets of the Plan on behalf of the Plan Sponsor or Plan Participants. Star Capital will not advise, in any manner, any Participant, person or entity related to the Plan other than the Plan Sponsor. Communicational and educational activities in which the Advisor engages related to Participants in the Plan shall be solely at the direction of the Plan Sponsor, and shall not be represented by Star Capital or Plan Sponsor as investment, tax or legal advice. Star Capital is not licensed to provide, shall not provide, nor be construed to provide, the services of an attorney or accountant. Wrap Fee Programs We are not the program manager or sponsor of any wrap fee program. Types of Investments We offer advice on Equity Securities, Options, EFTs, Mutual Funds, and Bonds. Assets under Management As of February 13, 2024, we provided continuous management services for $136,158,313 in client assets on a discretionary basis and $0 in client assets on a non-discretionary basis.