Caprock was co-founded in August 2005 by Mark Gustafson, Richard Rock, William G. Gilbert, Jr., and Gregory A. Brown. Caprock is owned by TCG MidCo, LLC which is comprised of TA/TCG Holdings, LLC, TCG Holdings, Inc. and TCG Incentive Plan, LLC. Caprock provides fee-only private wealth management, family office and advisory services. As of December 31, 2023, Caprock managed $6,670,343,119 on a discretionary basis and $251,252,034 on a nondiscretionary basis for a total Assets Under Management of $6,921,595,153. Investment Advisor Services: Caprock provides continuous investment advice to clients and families based on their individual needs. Through a series of personal discussions in which goals, objectives and risk tolerances are established, Caprock develops a client's personal investment guidelines or asset allocation and creates and manages a portfolio based on that policy or asset allocation. Caprock will manage advisory accounts on a discretionary and non-discretionary basis. Account supervision is guided by the stated objectives of the client. Emphasis will be placed on optimizing performance at the portfolio level while controlling risk through broad global asset diversification. Clients are permitted to place reasonable restrictions on investing in certain securities or industries. Caprock may allocate all or a portion of a portfolio to investment managers in which client accounts are managed by independent third-party investment managers. These programs provide investment opportunities among various investments including stocks, bonds, options, mutual funds, exchange traded funds, hedge funds, alternative investments and other securities. Based on a client's individual circumstances and needs, Caprock will allocate a portion of the portfolio to an appropriate investment manager. Factors considered in making this recommendation include account size, risk tolerance, the goals of each client and the investment philosophy of the third-party investment manager(s). Caprock will assist the client in reviewing investment objectives, risk tolerance, liquidity requirements, investment restrictions and other relevant factors. Caprock will monitor the performance of the selected investment manager(s). If Caprock determines that a particular selected investment manager(s) is not providing sufficient management services to the client, or is not managing the client's portfolio in a manner consistent with the client's personal investment guidelines or asset allocation, Caprock will remove the client's assets from that selected investment manager(s) and place the client's assets with another investment manager(s) at Caprock's discretion (for discretionary accounts). Clients need to be aware that certain types of investments by third party investment managers (limited, private offerings, hedge funds and fund-of-funds) may be subject to lock-ups and/or other liquidity restrictions. If the account is non-discretionary, Caprock will not remove the client from a selected manager and move the account into a different manager without the client's

prior consent. Caprock will review the aggregate fee charged by both Caprock and the selected investment manager(s) will be fair and reasonable and will be competitive with those fees customarily charged in the industry for similar services. In addition to third party money management services, Caprock may allocate a portion of a client's portfolio among other investments. In these cases, Caprock will primarily use various exchange traded funds (ETFs) and mutual funds within a client's portfolio. Under certain circumstances, Caprock may also include some individual securities including equities, options, bonds, corporate debt securities, municipal securities, commercial paper, certificates of deposit and other investment products. Caprock will allocate the client's assets among various investments taking into consideration the overall management objectives identified by the client. The mutual funds will be selected on the basis of any or all of the following criteria: the fund's performance history; the industry sector in which the fund invests; the track record of the fund's manager; the fund's investment objectives; the fund's management style and philosophy; and the fund's management fee structure. Portfolio weighting between funds and market sectors will be determined by each client's individual needs and circumstances. Clients may request to place reasonable restrictions on the types of investments which will be made on the client's behalf. Family Office Services: In addition to traditional investment advisory services described in this disclosure document, Caprock also provides Wealth Management and Family Office Services to select clients. These services may include some or all of the following: coordination among advisors designated by the Client (legal, estate, accounting, insurance, and banking), private & alternative investment analysis, advice & reporting, private & alternative investment coordination (capital call payments, management of distributions & liquidations), monthly balance sheet reporting, lifetime discounted cash flow modeling and other ad hoc reports requested by the Client. Family Office services may not be offered to all Caprock Clients and there are no additional charges for these services. Caprock is compensated by the client on a percentage of assets under management or a fixed fee arrangement for the assets Caprock advises on. Fee arrangements are determined and affirmed by the client (via Caprock’s Investment Advisor Agreement) at the onset of the relationship. Consulting Services: Caprock provides advisory services for individuals and institutions. This may include formulating their investment strategy, updates and forecasts for various financial markets, portfolio reviews, strategic asset allocation modeling, investment manager search & selection, performance analysis and recommendations. Advisory services may also include business consulting, advice on non-securities matters and any other specific consultation regarding financial and investment concerns of the individual or institution.