JSAM is owned by Safra New York Corporation and is ultimately owned and controlled by Mrs. Vicky Safra as the administrator of the Estate of Mr. Joseph Safra, Mr. Jacob Safra, and Mr. David Safra where each one own more than 25% of the Firm. JSAM has been providing advisory services since April 2004. As of December 31, 2023, JSAM managed $81,005,542 on a non-discretionary basis and $3,597,261,019 on a discretionary basis; assets under management as of December 31,2023, totaled $3,678,266,561. Client Advisory Services a. Non-Discretionary Advisory Services JSAM offers non-discretionary Advisory Services to clients generally referred by Safra National Bank of New York as disclosed in Item 14 (“Client Referrals and Other Compensation”) of this Brochure. JSAM provides ongoing recommendations to clients by identifying potential investments, based on and tailored to each client’s individual needs. Recommendations may include private funds (hedge funds), mutual funds, fixed income instruments, equities and derivatives, as well as any other investment that JSAM may deem suitable for the client. JSAM typically monitors, on an ongoing basis, 40 to 80 different investment opportunities as part of its process, predominantly private funds (pooled investment vehicles exempt from Investment Company Act of 1940 registration). Clients are responsible for approving the investments presented by JSAM, as well as the allocation, if any, to cash, and for implementing selected investments with their custodian. JSAM will not have discretionary authority to make investment decisions or to execute the transactions for clients without the client’s consent. JSAM receives from its clients an advisory fee. b. Discretionary Advisory Services JSAM offers discretionary advisory services to clients generally referred by Safra National Bank of New York as disclosed in Item 14 (“Client Referrals and Other Compensation”) of this Brochure. Upon execution and acceptance of a JSAM Discretionary Investment Agreement, JSAM implements the investment strategies based on and tailored to that client’s individual needs. Generally, JSAM serves as the sole investment adviser. JSAM receives from its client an advisory fee. 4 c. Fund Investment Management Services JSAM serves as the investment manager to private equity

funds as well as private fund-of-one structures. JSAM receives from the fund a management fee. d. Managed Account Services JSAM offers model portfolio investment strategies to clients either as a sole investment product or in various combinations or blends, as determined in reaching the clients’ specific investment objectives. This includes a wide range of investment structures (i.e., equities, fixed income, exchange traded products and mutual funds) through actively managed accounts such as Unified Managed Accounts (“UMAs”) and Separately Managed Accounts (“SMAs”). JSAM offers two types of managed account strategies: 1) Asset Allocation UMAs for different risk/reward profiles (i.e., Conservative, Balanced and Aggressive), and 2) Single Strategy UMAs and SMAs focused on a specific strategy (i.e., fixed income, equities). The clients are responsible for selecting the investment strategy from the model portfolios presented by JSAM. When a client invests in an UMA/SMA, the client directly owns the individual securities. The client may request limitations or restrictions on investing in certain securities and/or asset classes. The imposition of limitations or restrictions on an UMA/SMA portfolio may result in investment performance results and account volatility that could be materially different than that experienced by client accounts without such restrictions or limitations. JSAM may be unable to provide its services to clients with certain investment limitations or restrictions. JSAM receives from its clients an advisory fee. e. Institutional Investment Consulting Services JSAM also provides consulting services to certain affiliates through a service level agreement whereby JSAM provides administrative services, information, market perceptions and advice in regard to US asset market, including insights, analysis and updates of markets, private funds and any other investments as identified by JSAM. Based on its ongoing investment research, JSAM provides research reports and, if requested, specific recommendations to affiliates that have contracted for this service. JSAM does not provide advice to the affiliate’s clients as part of this consulting service, with the exception of Safra National Bank and Safra Securities LLC clients. JSAM receives a fee for these services. 5