Firm Description WE Family Offices is an award-winning, independent, client fee-only multi-family office. WE provides strategic wealth advice to more than one hundred ultra-high net worth client families with assets totaling more than $14 billion. As a strategic wealth advisor, our goal is to empower our client families to be confident, competent and in control of their wealth. We are a committed advocate for our clients’ long-term interests. WE has no financial interest in our clients’ purchases or sales of particular financial or other products or services – our aim is to offer our clients advice about their wealth that is truly independent. Our core values are: Loyalty to Clients, Transparency, Passion to Serve, Professionalism, and Integrity. The firm provides a range of family office services, including investment advice, to our client families. WE advises our client families based on the concept they should manage their financial and non-financial assets as a Wealth Enterprise. Our name, WE, is an abbreviation of Wealth Enterprise. In our experience, the minority of families who are able to successfully create, grow and enjoy their wealth in the present, and sustain their wealth across multiple generations, do so because they manage the family’s wealth as a business enterprise. WE calls this style of management a Wealth Enterprise. Our independent family office advisory services are designed to help families successfully develop and manage their Wealth Enterprises. We are on our families’ side, and no one else’s. Principal Owners of WE WE is an independent investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”)1 and is organized as a limited liability company under the laws of the State of Florida. WE Family Offices Holdings, LLC wholly owns WE Family Offices, LLC. Santiago Ulloa, Maria Elena Lagomasino and Michael Zeuner are the principals of WE Family Offices, LLC and, along with other partners in the firm, hold an ownership interest in WE Family Offices Holdings, LLC. Type of Services WE provides boutique, customized family office services, including non-discretionary investment advice, to more than seventy ultra-high net worth families. Our family office 1 From June of 2000 until August 2007, the registered adviser firm was known as TBK Investments, Inc. Santiago Ulloa founded TBK Investments Inc. In August 2007, TBK Investments, Inc. was acquired by GenSpring Holdings Inc. and converted to a limited liability company named GenSpring International, LLC. Effective August 18, 2011, GenSpring International, LLC officially changed its name to GenSpring Family Offices International, LLC. As of January 4, 2013, the firm was acquired from GenSpring, established as an independent adviser firm with new ownership and control, and renamed WE Family Offices LLC. advice and services are designed to make our clients confident and in control of the complexities of their wealth enterprises. WE empowers our client families to successfully manage their wealth enterprises by providing them with:
• Clearly communicated, actionable, and concise information, advice, and recommendations;
• Subject-matter expertise and support across wealth management disciplines, provided either in-house or through our network of providers;
• Access to high-quality investments and financial services;
• Coordination of clients’ “ecosystems” of professional and financial service providers to ensure the family’s advisors are focused on their goals; and
• Administrative capabilities to organize and manage the detail and complexity of UHNW-level wealth, including reporting at the enterprise level. Our support and advocacy for wealthy families is founded on each of our client relationship team members’ deep experience working at or with the world’s largest financial institutions, which gives us the expertise to address our client families’ overall wealth management needs. WE provides our clients with information, advice and recommendations about matters including asset allocation; portfolio construction; financial planning - including family governance and succession planning; investment manager selection; service provider selection; service provider fee and expense negotiation; investment transaction verification; and consolidated asset and investment portfolio reporting. WE does not provide tax, legal or accounting advice. Each of our clients is served by a team led by a designated Advisor, and is supported by our in-house investment team, reconciliation group, other subject matter experts and consultants we have retained to provide us with client-support services, including investment advice. As a non-discretionary investment adviser, WE does not have authority to make investment decisions for our clients. Our clients receive information, advice and recommendations from WE, but retain the authority and ultimate responsibility for all investment and investment- related decisions, including securities trades, decisions about particular asset allocations and portfolio composition, manager selection, and service provider selection. In addition, WE does not have custody of our clients’ assets. Clients select the custodians of their assets. WE may recommend a particular “global” or other custodian to our clients, at their request, but we do not receive any compensation from the custodian or its affiliates for such recommendations. Overview of Services WE’s investment advisory services consist primarily of: (1) assessing client needs and goals; (2) financial planning designed to meet those goals; (3) developing an appropriate portfolio asset allocation to achieve the client’s objectives; (4) implementing the asset allocation by recommending or otherwise assisting in the client’s selection of: (a) particular investment strategies (i.e., active, passive, alternative strategies); and (b) specific investment managers or passive investment vehicles that employ those strategies; and (5) reviewing and reassessing the client’s needs and goals, their investment portfolios, and repeating the process on a regular, ongoing basis. Our investment advisory services begin with a comprehensive assessment of the client’s financial and

other circumstances to understand their needs and goals and their Wealth Enterprise. WE advises client portfolios in accordance with each client’s investment objectives, typically taking into consideration factors such as the client’s risk tolerance, time horizon, tax issues, estate planning, liquidity and cash flow needs, any client-specific restrictions or constraints, and other relevant information. According to a client’s needs and goals, WE develops and recommends an appropriate strategic portfolio asset allocation for the client. On a periodic basis, WE may recommend tactical changes in those allocations to take advantage of conditions in the current economic environment. These tactical asset allocation changes are typically short-term underweighting or overweighting (as compared with the strategic allocations) of a particular asset class or classes and are designed to capitalize on current economic or market trends and conditions. Depending on a particular client’s needs and goals, or the nature of a particular tactical tilt, WE may or may not recommend a particular tactical change in that client’s asset allocation. WE also recommends investment strategies associated with Values-Aligned Investing which utilizes traditional financial measures as well as environmental, social and governance factors into the portfolio management process. It also places importance on both the financial return and the social and environmental impact of the portfolio. Our process begins with helping clients define a Values-Aligned strategy that incorporates the client’s values as well as their overall financial objectives and then continues with portfolio diagnostics, selective sourcing, deep due diligence, portfolio implementation, continuous monitoring and finally, bespoke reporting. We also work with clients to align client values to their philanthropy through foundation investments and grant strategies. To implement our recommended strategic and tactical asset allocations at the client portfolio level, WE typically recommends particular strategies in each of the portfolio’s selected asset classes. To execute these strategies, WE recommends only unaffiliated, third-party investment managers, funds, and other investments that employ that strategy. Examples of the kinds of investments WE recommends executing a given strategy include, without limitation: mutual funds, exchange traded funds, limited partnerships such as hedge funds or private equity, or managed accounts. To evaluate the managers and funds WE recommends to our clients, WE employs both quantitative and qualitative techniques to identify managers, funds and other investments that are well-suited to our client’s investment and financial objectives. To support and supplement the analysis and expertise provided by our own Investment Research Group, WE has an agreement with an unaffiliated consultant investment adviser, LCG Associates, Inc., to provide us with asset allocation and investment manager selection information and advice. To the extent a WE client decides to invest with a manager or in a particular fund, those managers and funds will have their own investment practices. Those investment practices are described in each manager or fund’s Form ADV, or in its offering or other disclosure documents. In addition, selected money managers or funds typically have discretion to determine the type and amount of securities to be purchased or sold for the client for that portion of the client’s assets managed by the money manager or fund. WE does not receive compensation from, or have a sales interest in, any manager, fund or other investment we recommend. (Please refer to Item 8 of this Brochure, below, for a more complete description of our investment advisory services) Reporting Services WE also provides consolidated portfolio reporting services for our clients’ Wealth Enterprises. Clients who request that the Firm report on their investments and assets receive a customized monthly “global” Consolidated Report. As a convenience to our clients, in addition to reporting on clients’ financial assets, at a client’s request, the client’s Consolidated Report may also include certain non-financial assets (e.g., real assets). In such instances, WE relies on the client to provide current and accurate price or other valuation information for those assets to be included in the client’s consolidated account report. WE does not independently verify, and expressly disclaims responsibility for, the accuracy of any non-financial asset values (including any portfolio performance including those values) clients provide to us to include in their reporting. Coordination of Clients’ Service Providers and Other Services Depending on the needs of each client, services we can provide include: - helping clients coordinate and manage the range of service providers that provide services to them; - helping clients decide which provider to use to execute particular transactions; - transaction confirmation and review to ensure clients’ investments were executed according to any agreed terms and pricing; - investment pricing and transaction fee negotiation; - helping clients work with their wealth planning and structuring professionals, in single or multiple jurisdictions; and - advice about family governance and next-generation education. Wrap Fee Programs WE does not participate in wrap fee programs. Client Assets WE Manages WE provides investment advice to our clients only on a non-discretionary basis. As of December 31, 2023, client assets WE managed totaled $13,909,416,024. This total includes client assets as to which WE has mandates to provide investment advice and family office services and includes clients’ liquid and illiquid securities; cash and cash equivalents; and certain of their other assets, including any family operating company interests and real assets such as real estate. In addition to these assets under management, WE has mandates to provide only consolidated reporting for an additional $2,386,001,751 of assets, so that WE gives investment advice or consolidated reports on $16,295,417,775 in client assets.