Firm Description OldPortAdvisors,Inc.(“Advisor”,“us”,“we,”orthe“Firm”)isaninvestmentadviserfirm registeredwiththeSecuritiesandExchangeCommission(SEC),since2001.TheFirmwas originally founded in 1994 by Fredric W. Williams as Investment Management and ConsultingGroup,Inc.,changingthebusinessnametoOldPortAdvisors,Inc.in2014.The principalownerofourFirmisFredricW.Williams,President,Treasurer,andSecretary.
OnJanuary1,2024FredricW.Williamstransferredminorityownershipinterestsinthe FirmtoJasonFoster,TracyRogers,BenDaigle,andJakeKenyon,eachanExecutiveVice President.
OurFirmprovidespersonalizedInvestmentManagement,FinancialPlanning,andWealth Managementservicestoindividuals,trusts,estates,andcharitableorganizations,aswell as business clients. In addition to these services, we provide Fiduciary Consulting to employersandretirementplansponsors.
We provide professional, ongoing advice in furtherance of client goals and desires, tailoredtoourclients’uniqueneedsbasedonourongoingmeetingsandconversations.
OurpracticemodelisbasedontheFiduciaryStandardofdeliveringadviceandservice.
Thismeansthatwe’reobligatedbylawtoactinourclients’bestinterest.Weadhereto thisstandardnotonlyasamatteroflawbutasamatterofculture.
Our Firm will work collaboratively with our clients’ other professional advisors (attorneys,taxpreparers,insuranceagents,etc.)asneededtostriveforthebestpossible outcomes.Conflictsofinterestwillbedisclosedtotheclientintheunlikelyeventthey shouldoccur.
An initial discussion is free of charge and is considered an exploratory interview to determinetheextenttowhichourservicesmightbebeneficialtotheclient.
As of December 31, 2023, Our Firm managed 916 clients and $698 million in assets.
Approximately$646millionofthoseassetsweremanagedonadiscretionarybasisand approximately$52millionweremanagedonanon-discretionarybasis.
Types of Advisory Services Investment Management Investment Management seeks to match a client’s circumstances to an appropriate investment vehicle. Upon determining a client’s overall financial situation, goals, and desires,aninvestmentstrategyisrecommendedandimplemented.
Ourinvestmentdisciplineincludes,butisnotlimitedto,exposureto:equities(stocks), corporatedebtsecurities(bonds),commercialpaper,certificatesofdeposit,municipal securities,mutualfunds,ETFs,closedendfunds,aswellasU.S.andothergovernment securities.Wemayalsoutilizealternativeinvestments,managedfutures,options,and othertypesofsecuritiesasappropriatetomeettheneedsofspecificclients.
Portfoliosaremonitoredandclientsaremetwithandcommunicatedwithbasedupon their desires and circumstances. Ongoing monitoring by clients is facilitated by statementsthatmaybegeneratedbythecustodianholdingtheaccounts,thecustodian’s web-based portal, our own web-based client portal, as well as periodic performance statementsgeneratedbyus.Feesarechargedbasedonthevalueoftheinvestedassets undermanagement.Formoredetailonfees,pleaseseeItem5-FeesandCompensation below.
Wewillassist,asappropriate,inservicingoftheportfolioincludingcashmanagement, contributions,distributions,andotherservice-relateditems.
If clients wish to impose restrictions on investing in certain securities or types of securities,wewilladdressthoserestrictionswiththeclienttohaveaclearunderstanding oftheclient’srequirements.
Generally,ourminimumInvestmentManagementbalanceis$250,000.Formoredetail onaccountminimums,pleaseseeItem7–TypesofClientsbelow.
Weretainthediscretiontowaivetheaccountminimum.Accountswithlessthanthestated minimummaybeestablishedwhentheclientandtheAdvisoranticipatetheassetswillreach theminimumwithinareasonabletime.Otherexceptionsmayapplytoouremployees,their relatives,orrelativesofexistingclients. Financial

Planning FinancialPlanningseekstotakeadeeperdiveintoallaspectsoftheclient’sfinancialand estate profile and recommend modifications in furtherance of client goals. Areas of exploration may include, but are not limited to: net worth statement; a cash flow statement; a review of investment accounts, including reviewing asset allocation and providingrepositioningrecommendations;strategictaxplanning;areviewofretirement accounts and plans including recommendations; a review of insurance policies and recommendations for changes, if necessary; one or more retirement scenarios; estate planning review and recommendations; and education planning with funding recommendations.
Financialplanningmaybeprovidedonamodularbasis(singleneed)orcomprehensive basis depending on client needs. Implementation of recommendations are the responsibilityofourclients.
Feesarechargedonaprojectbasisorhourlybasis.Formoredetailonfees,pleasesee Item5-FeesandCompensationbelow.
Wealth Management WealthManagementcombinesInvestmentManagementwithFinancialPlanning.This synergyaffordsourWealthManagementclientscontinuous,ongoingadviceinallaspects of their financial lives. This level of service is available at no additional cost (over InvestmentManagementfees)tothoseclientsforwhomwemanage$500,000ormoreof investedassets.Wewillassistintheimplementationofcertainstrategiesandactionsas appropriate.
Combining Services As appropriate and desired by our clients, we may combine services (generally, InvestmentManagementandFinancialPlanning)inordertomeetspecificcircumstances.
Thisallowsourclientsaccesstodifferentlevelsofserviceatvaryingwealthlevels.
Fiduciary Consulting Many retirement plan sponsors select us to provide fiduciary advice on their plan investmentswiththegoalsofimprovingfundselection,reduceplancosts,andreceive comprehensive participant education programs. All aspects of the sponsored plan are reviewed,mostoftenincludinginvestmentoptions,fees,participanteducationprograms, investmentpolicies,recentinvestmentchanges,committeerecords,andplanstructure anddocumentation.Periodicreviewmeetingsareheldwiththetrustees.
Feesarechargedbasedonthevalueoftheplanassets.Formoredetailonfees,pleasesee Item5-FeesandCompensationbelow.
Wrap Fee Programs OurFirmdoesnotprovideportfoliomanagementservicestowrapfeeprograms.
Agreements All of our services are provided under a written agreement outlining the services providedandourcompensation.TheclientortheFirmmayterminateanAgreementat anytimeupon30-dayspriorwrittennoticetotheotherparty.
Attermination,inthecaseofInvestmentManagementandWealthManagement,feeswill bebilledonapro-ratabasisfortheportionofthequartercompleted.Theportfoliovalue at the completion of the prior full billing quarter is used as the basis for the fee computation,adjustedforthenumberofdaysduringthebillingquarteruptothedateof termination.
At termination, in the case of Financial Planning, fees will be due and payable for any agreed-uponworkperformed.Anyplanorotherworkproductcreatedwillbedelivered totheclient.
Attermination,inthecaseofFiduciaryConsulting,feeswillbebilledonapro-ratabasis fortheportionofthequartercompleted.Theportfoliovalueatthecompletionoftheprior fullbillingquarterisusedasthebasisforthefeecomputation,adjustedforthenumberof daysduringthebillingquarteruptothedateoftermination.