9AT: MINOT DEBLOIS ADVISORS LLC

Adviser Profile

As of Date	03/28/2026
Registration	SEC, Approved, 03/10/2009
ADV Location	BOSTON, MA, United States
Contact Info	617 xxxxxxx
Websites

AUM^*	2,044,115,331 11%
of that, discretionary	152,410,951 4%
Number of Employees	4
of those in investment advisory functions	3
Private Fund GAV^*	0
Avg Account Size	3,291,651 5%
% High Net Worth	59.11% -36%
SMA’s	Yes
Private Funds	0

Adviser Type

- Large advisory firm

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Charitable organizations
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for individuals and/or small businesses

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)

Accounting Firm Name	Filing Date	Form ADV-E
Accounting Firm Name WALTER SHUFFAIN	Filing Date08/26/2024	Form ADV-E View Report
Accounting Firm Name WALTER SHUFFAIN	Filing Date07/14/2023	Form ADV-E View Report

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser JAMES I. BLACK & COMPANY	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM144.1m	#Funds2
Adviser EAGLE STRATEGIES LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM32.0b	#Funds-
Adviser ASSOCIATED INVESTMENT SERVICES, INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM1.2b	#Funds-
Adviser AMERITAS ADVISORY SERVICES, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM13.7b	#Funds-
Adviser XML FINANCIAL GROUP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM3.3b	#Funds-
Adviser HEALTHEQUITY ADVISORS	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM2.0b	#Funds-
Adviser RICHARDS MERRILL WEALTH MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM643.6m	#Funds-
Adviser SYNOVUS SECURITIES, INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM8.4b	#Funds-
Adviser OA PRIVATE CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund12.7b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV12.7b	AUM22.9b	#Funds34
Adviser AVANTAX ADVISORY SERVICES	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM46.1b	#Funds-

Brochure Summary

Overview

A. Minot DeBlois Advisors (MDA) became a registered investment adviser with the SEC in March 2009. MDA is a wholly owned subsidiary of Rice, Heard & Bigelow, Inc., a firm of private trustees and executors which can trace its history to 1782. Rice, Heard & Bigelow offers fiduciary and tax services to trusts, estates, foundations and individuals, and maintains its offices at 50 Congress Street, Suite 900, Boston, MA. Robert G. Bannish, Zachary Bourque, Kevin T. McQuaid, Gregory Gullickson, Sarah M. Allen and Adam C. Rutledge are the managers of Minot DeBlois Advisors LLC. The six individuals above are also the only shareholders, and comprise a majority of the directors of Rice, Heard & Bigelow. The majority of MDA’s clients are trustees who are also shareholders of Rice, Heard & Bigelow. B. MDA provides general investment management and advice under either discretionary or non-discretionary contracts to the trustees of trusts, and to endowments, charities, individuals and other entities. Under non-discretionary agreements, MDA provides advice and makes recommendations to the client with respect to the investment of an account's assets. The client makes the final decision to approve such recommendations. Under discretionary

agreements, MDA is granted full power by the client to supervise and direct the investment of assets in the client's account. In these relationships, MDA has authority to execute trades without prior consultation with the client. Please see Item 8 below for a full description of MDA’s investment philosophy and practice. C. MDA individually advises each account, whether under a discretionary or non- discretionary contract. Within the context of its investment philosophy (described in detail in Item 8), MDA attempts to tailor the management of each account to an individual client’s circumstances. Factors which MDA considers in developing individual investment strategies include a client’s risk tolerance, cash needs, tax status, investment time horizon and other characteristics. As discussed more fully in Item 16, below, clients may, with MDA’s agreement, impose specific criteria on an advised account. D. MDA does not participate in wrap fee programs. E. As of December 31, 2023, MDA had a total of approximately $1,706,000,000 in assets under management, of which approximately $146,000,000 was managed on a discretionary basis and approximately $1,560,000,000 was on a non-discretionary basis. Page 4 March 27, 2024

MINOT DEBLOIS ADVISORS LLC

MINOT DEBLOIS ADVISORS LLC

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Form ADV-E Surprise Examination Reports

Similar advisers

Brochure Summary

Overview

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MINOT DEBLOIS ADVISORS LLC MINOT DEBLOIS ADVISORS LLC

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Form ADV-E Surprise Examination Reports

Similar advisers

Brochure Summary

Overview

MINOT DEBLOIS ADVISORS LLC

MINOT DEBLOIS ADVISORS LLC