About MASECO LLP MASECO LLP was established in 2008 and is an investment advisory firm providing fee-based wealth management services primarily for private clients based either in the US or in the UK. It is a limited liability partnership established in the UK (UK Companies House No. OC337650) and has its registered office and principal place of business in the UK. Joshua E. Matthews and James Sellon are the principal owners of MASECO directly and through their ownership in other entities that are linked to MASECO LLP. James Sellon is Chief Compliance Officer of the firm. Further information regarding Mr Matthews and Mr Sellon is located at the end of this brochure. MASECO LLP is a Registered Investment Advisor with the United States Securities and Exchange Commission (SEC). MASECO LLP, which uses the trading names of MASECO Private Wealth and MASECO Institutional, is also authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. Services offered by MASECO LLP MASECO LLP (MASECO) offers Wealth Management, including Financial Planning, Services (“Private Wealth Service” or “PWS”) for its clients. The PWS is designed for clients with $1mm or more to invest. A. Investment Management MASECO manages discretionary and / or non- discretionary portfolios on behalf of our clients. MASECO adopts a risk-based approach to portfolio construction creating a range of risk- graded model portfolios which generally use institutional asset class strategies to mirror the various sub-asset classes that it believes are suitable for a particular model portfolio. Funds are selected on the basis of various criteria, such as management style, investment philosophy, track record, investment objectives, portfolio composition, risk management, portfolio construction and fees and expenses. Each portfolio is constructed primarily of mutual funds, exchange traded funds (ETFs) and other pooled investment vehicles but may also include individual equities (including exchange- listed securities, securities and bonds (including warrants, corporate debt securities, certificates of deposit, municipal securities and United States governmental securities) as well as Fund of Hedge Funds. MASECO may also provide advice and management with respect to investments in Fund of Hedge Funds and other alternative investments. Whilst each portfolio is designed to achieve a particular goal and the investments within the portfolio are in turn selected to help achieve that goal, clients are given the opportunity to place reasonable restrictions on the types of investments to be included within their individual account. Clients retain beneficial ownership of all portfolio securities. MASECO regularly monitors the underlying securities in client accounts and rebalance portfolios as necessary. If MASECO believes that a reallocation is required, for example, that a particular investment is performing inadequately, or that a different investment may be more appropriate, it may recommend a different investment and reinvest the assets in accordance with the discretionary/non- discretionary authority granted by the client. B. Wealth Planning Wealth Planning is part of MASECO’s Private Wealth Service and is designed to provide MASECO with a holistic view of the client’s circumstances in order to form a solid foundation for investment recommendations. Wealth Planning will in general address any or all of the following areas:
• Tax & Cash

Flow: Income and spending analysis and planning for current and future years. We will also illustrate the impact of various investments on a client’s current income tax and future tax liability.
• Personal: Family records, budgeting, personal liability, estate information and financial goals.
• Education: Education IRAs, financial aid, state savings and 529 plans, grants and general assistance in preparing to meet dependents continuing educational needs through development of an education plan.
• Death & Disability: Cash needs at death, income needs of surviving dependents, estate planning and disability income analysis.
• Retirement: Analysis of current strategies and investment plans to help the client achieve his or her retirement goals.
• Investments: Analysis of investment alternatives and their effect on a client’s portfolio.
• Wealth Transfer: Provide an assessment of the most efficient estate planning strategies and outline ways to efficiently pass on wealth based on individual needs, objectives and priorities. 5 | FORM ADV | © 2023 MASECO LLP. All rights reserved June 2023
• Charitable Giving: If there are charitable giving intentions, we can discuss available options and outline effective ways to meet charitable goals. Through personal discussion and a comprehensive information gathering process, MASECO establishes a client’s attitude to risk and capacity for loss, their goals, objectives, time horizon, liquidity needs, income requirements and investment needs and by using the information gathered, MASECO determines which of its model portfolios or tailored portfolio is best suited to meet those individual and multiple needs. It may be in certain circumstances that MASECO suggests either making modifications to a portfolio (create a bespoke portfolio) or recommend the portfolio allocation is spread between two or more accounts if this means it can more effectively achieve the required outcome. When portfolios have been determined, MASECO provides the client with an Investment Policy Statement (IPS) that outlines its recommendation. MASECO then manages the portfolio(s) in accordance with the mandate described in the IPS. In order to ensure that MASECO’s initial recommendation of an appropriate portfolio continues to be suitable on an ongoing basis and that the account continues to be managed in a manner fitting the client’s circumstances, MASECO maintains up-to-date client suitability information by scheduling a client review at least once a year. MASECO also gathers information on vulnerable clients to ensure that any vulnerable clients are treated fairly and are provided with the correct service level. MASECO asks clients, on an annual basis, to confirm that their circumstances have not changed to ensure that the portfolio remains suitable. MASECO requests prompt notification from clients of any material change in their financial circumstances in the meantime that may affect their position. MASECO does not provide custody services and at no time will it accept or maintain custody of a client’s portfolio or account. MASECO will introduce clients to a non-affiliated third-party platform provider who will be responsible for the safe-keeping and administration of the client’s account. The client is responsible for all custodian and execution fees charged by the platform and executing broker/dealer. C. Amount of managed assets As at 31 March 2023, MASECO managed $1,856,021,385.47 of clients’ assets on a discretionary basis and $821,417,605.18 on a non- discretionary basis.