Partners Capital Services, Inc. (“PCS”, “firm”, “we”, “us” or “our”) is a SEC registered investment adviser with its principal place of business located in New York. Partners Capital Services, Inc. began conducting business in 2004. The firm's principal shareholders are:
• Edward M Cahill, President
• Anthony M Gardini, Owner Partners Capital Services, Inc. offers the following advisory services to our clients: INDIVIDUAL PORTFOLIO MANAGEMENT Our firm provides continuous asset management of client funds based on the individual needs of the client. Through personal discussions in which goals and objectives based on the client's particular circumstances are established, we develop the client's personal investment policy. We create and manage a portfolio based on that policy. During our data-gathering process, we determine the client's individual objectives, time horizons, risk tolerance, and liquidity needs. As appropriate, we may also review and discuss a client's prior investment history, as well as family composition and background. We manage these advisory accounts on a discretionary and non-discretionary basis. Account supervision is guided by the client's stated objectives (i.e., maximum capital appreciation, growth, income, or growth and income), as well as tax considerations. Clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. Once the client's portfolio has been established, we review the portfolio periodically, and if necessary, rebalance the portfolio

on an annual basis, based on the client's individual needs.  Our investment recommendations are not limited to any specific product or service offered by a broker-dealer or insurance company and may include advice regarding the following securities:
• Exchange-listed securities
• Securities traded over-the-counter
• Foreign issuers
• Warrants
• Corporate debt securities (other than commercial paper)
• Commercial paper
• Certificates of deposit
• Municipal securities
• Mutual fund shares
• United States governmental securities
• Options contracts on securities Because some types of investments involve certain additional degrees of risk, they will be recommended when consistent with the client's stated investment objectives, tolerance for risk, liquidity and suitability. AMOUNT OF MANAGED ASSETS PCS manages assets on a discretionary and non-discretionary basis. As of December 31, 2023, we were actively managing approximately $138,515,000 of client's assets on a non-discretionary basis either managed by PCS through RBC's Advisor program (client directed), RBC's Unified Portfolio Program, Consulting Solutions Program or the Unbundled Managed Account Solutions. Other assets are managed by third party managers such as Connectus LLC, (formerly North Coast Asset Management). Approximately $3,964,000 in 11 accounts is directly managed by Connectus and custodied at Fidelity. As of December 31, 2023, approximately $302,000 is being managed on a discretionary basis.