Firm Description Chapin Davis, Inc. (“Chapin Davis”, “firm”, “us”, “we” or “our”), a Maryland corporation, was founded in 1952. In 1991, we began offering investment advisory services under the marketing name of Chapin Davis Asset Management. Chapin Davis is registered with the SEC as an investment adviser under the Investment Advisers Act of 1940 and as a broker-dealer under the Securities Exchange Act of 1934. The firm is also a member of FINRA and SIPC. Principal Owners Chapin Davis’s Principal Owner is Talbot Jones Albert, IV with greater than 25% ownership. Types of Advisory Services Chapin Davis advises individuals (including high net worth individuals), corporations, retirement accounts, trusts and other institutions. Chapin Davis typically provides investment advice with respect to equity and fixed income securities, options, open end mutual funds, exchange-traded funds (“ETFs”) and money market instruments. Chapin Davis’s primary areas of focus include: (1) Investment Portfolio Management Advisory Services, which can be utilized by the client as follows:  Chapin Davis accepts full discretion with authority to make investment decisions on behalf of the client, including asset allocation, due diligence and selection of investments, and rebalances;  Chapin Davis accepts limited discretion to manage client assets within asset allocation guidelines and ranges established by the client; or  The client retains full discretion over all asset allocation and investment manager decisions, and Chapin Davis provides investment recommendations for the client’s consideration. In each case, clients may impose restrictions on investing in certain securities or types of securities. (2) Financial Planning and/or Consulting Services, pursuant to which Chapin Davis provides non-discretionary, personal financial planning services in the form of an individualized, written financial plan encompassing the areas selected by the client, including:  Estate Planning Review. Review of property ownership, distribution strategies and estate tax reduction strategies. Estate Planning involves a discussion of gifting, trusts, wills, etc., and the disposition of business interests. Should the client not have an Estate Attorney or CPA, the firm may provide a list of various resources for the client to interview professionals.  Personal Financial Review. Review of asset allocation and investment income accumulation techniques. Evaluations are made of existing investments in terms of their economic and tax characteristics as well as their suitability for meeting client objectives. Advice is also provided with

respect to retirement planning alternatives and techniques or appropriate allocation and distribution of assets following retirement. (3) Wrap Fee Manager Services, pursuant to which Chapin Davis provides non- discretionary investment advice to separate accounts established through wrap fee or private manager programs sponsored by Investment Advisory Services of Wells Fargo Advisor an affiliated firm to our clearing firm, First Clearing. Chapin Davis receives a portion of the wrap fee for our services. Portfolio Managers may rely on both fundamental and quantitative research and develop specific investment strategies using a mix of these methods. Investment strategies typically include equity and fixed income strategies, asset allocation, ETF strategies, customized portfolios and mutual fund asset allocation. Eligible securities for these types of accounts could include common and preferred stocks, ETFs, closed end funds, unit investment trusts, corporate and government bonds, certificates of deposit, options, structured products, and no-load or advisory/institutional class mutual funds. Portfolio Managers may engage in covered call writing, options strategies and trading or short sale transactions. (4) Recommendations of Other Independent Investment Managers to manage the assets of Chapin Davis clients on a discretionary basis. (5) Management of 401k Assets, through the use of a third-party platform, Chapin Davis manages held away assets such as defined contribution plan participant accounts on a discretionary basis. The platform allows us to avoid being considered the custodian of client funds since we do not have direct access to client log-in credentials to affect trades. We are not affiliated with the platform in any way and receive no compensation from them for using their platform. A link will be provided to the client allowing them to connect an account(s) to the platform. Once the client account(s) is connected to the platform, Chapin Davis will review the current account allocations and rebalance the account, as necessary, in line with the client’s investment goals and risk tolerance. The goal is to improve account performance over time and to minimize loss during difficult markets. Client account(s) will be reviewed at least quarterly and allocation changes will be made as deemed necessary. Assets under Management Chapin Davis’s client assets under management as of December 31, 2023, were as follows: Discretionary Clients $341,222,094 Non-Discretionary Clients $ 76,212,546 Total $417,434,640