A. Firm Description Perennial Advisors, LLC (“Perennial,” “we,” “our” or “us”) is an independent wealth advisory and investment management firm that offers its services to a broad range of Clients including high net worth individuals and families, family offices, small businesses and other organizations (each referred to herein as a “Client”). Perennial was founded in July 2013 and maintains its office in New York City. We are a Delaware Limited Liability Company and a Registered Investment Adviser with the United States Securities and Exchange Commission. Perennial’s Chief Compliance Officer is Christopher Heintz. Christopher Heintz and Scott Strasser are the majority owners and Managing Partners of Perennial. Scott Strasser, Christopher Heintz and Shyamli Milam are the three owners of Perennial (each, a “Partner” and collectively, the “Partners”). B. Advisory Services Offered Perennial provides wealth advisory and investment management services for Clients. Clients may elect to receive wealth advisory services, investment management services or a combination of both. Wealth Advisory – Investment Advisory Services Perennial’s wealth advisory philosophy is predicated on understanding our Clients’ financial situation and providing customized advice to address their circumstances and goals. For Clients seeking investment advisory services, Perennial strives to achieve their investment objectives through an appropriate asset allocation that reflects their risk parameters. Perennial takes a customized approach to advising Clients, using an iterative, analytical process to design practical investment plans and specific strategies to support Clients’ goals and investment objectives. Wealth Advisory – Financial Advisory Services Perennial provides a variety of financial advisory services, including financial planning (education, retirement and estate), investment-related tax minimization strategies (income deferral, charitable planning and gain/loss harvesting) and coordination with Clients’ tax, accounting and legal advisors as needed. Typically, these services encompass one or more areas of need. Depending on a particular Client’s financial situation, Perennial will usually include general recommendations for a course

of action to be considered and/or taken by the Client. Financial planning recommendations may pose a potential conflict between our interests and the interests of the Client. Clients are not obligated to implement any recommendations made by Perennial or maintain an ongoing relationship with us. Investment Management – Portfolio Management Services Portfolio management services are primarily provided on a discretionary basis but may also be provided on a non- discretionary basis. For Clients who grant Perennial discretionary investment authority, Perennial will determine which securities are bought and sold in a Client’s account using general guidelines set up at the inception of our relationship with the Client. These general guidelines include, but are not limited to, the relative proportions of cash, fixed income and equity securities; the degree of risk that the Client wishes to assume; and the types and amounts of securities that constitute an investment portfolio. Individual, separately managed Client accounts may have different asset allocations, different securities and/or different amounts of specific securities to reflect Clients’ specific objectives and risk parameters. Clients may impose restrictions on Perennial’s investment discretion with respect to certain securities, asset classes or industry sectors; however, this may affect their investment results. For Clients who request that Perennial provide portfolio management services on a non-discretionary basis, Perennial will obtain the Client’s consent before executing any trade on the Client’s behalf. Investment Management - Alternative Investment Services Perennial offers investment advice to some Clients with respect to partnerships and other private entities engaging in investment strategies including, but not limited to, private equity, venture capital, real estate, structured credit and specialized segments of publicly traded securities markets. C. Wrap Fee Programs Perennial does not manage or place Client assets into a wrap fee program. D. Assets Under Management As of December 31, 2023, total assets under management were $ 591,716,089 comprised of $ 586,479,466 managed on a discretionary basis and $ 5,236,623 managed on a non-discretionary basis.