A. Gibson Capital, LLC (Gibson) is an SEC Registered Investment Advisor1 based in Wexford, Pennsylvania. The firm was founded in 1989 as Gibson Capital Management, Ltd. (“GCM”) by our Co-Chairman, Roger C. Gibson. The firm transitioned its operations from its original S Corporation structure to an LLC in 2008, otherwise comprising the same business and investment operations. The transition was completed with the transfer of all clients to the new entity in March 2009. As part of our succession plan, on December 30, 2020, GCM sold Ownership Units in Gibson Capital, LLC to a group of five Next Generation (“Next Gen”) owners. In this transaction, principal ownership transferred from GCM to the Next Gen group as a whole. As a result of the sale, no single person owns 25% or more of Gibson Capital, LLC. B. Gibson provides investment advisory services, based on a strategic asset allocation approach, to high net worth individuals, foundations, and retirement plans nationwide. Since our inception, we have operated as a fee-only, open architecture firm. We have no proprietary products and none of the associated conflicts of interest. We design and implement customized client portfolios with the freedom to recommend an appropriate mix of investment alternatives based on the individual needs of our clients. Our advisory business consists primarily of ongoing investment advisory services. For the typical client, these services include:
• review of current financial situation
• collaborative investment education and decision-making process
• development of appropriate, customized portfolio structure
• documentation of approved strategy in an investment policy statement
• implementation and ongoing management of the portfolio
• ongoing monitoring of the investment recommendations used for implementation
• investment performance, tax, and other reporting
• coordination with other client advisors, such as attorneys and accountants
•

ongoing review and communication to ensure that the strategy remains appropriate
• related planning and modeling We also, from time to time, may provide investment advice of a more limited nature to clients who do not require ongoing investment advisory services. In these cases, we may provide consulting services tailored to the needs of the client. C. Gibson tailors its services and portfolios to the individual needs of the client. We do not utilize model portfolios. We involve our clients in the investment decision-making process. Our collaborative process actively guides clients through a systematic series of portfolio decisions, resulting in a customized investment strategy. The process results in the preparation of a formal Investment Policy Statement (IPS). The IPS serves as the operating manual for the portfolio and documents:
• client’s investment objective
• client’s asset allocation decisions
• portfolio risk/return characteristics
• level of discretion granted by the client to the advisor
• duties and responsibilities of those involved in the investment process Clients may impose restrictions or preferences for certain securities or types of securities. We will document these choices in the IPS and incorporate them into the investment strategy. 1 Registration with the SEC as an Investment Adviser does not imply any certain level of skill or training. Form ADV Part 2A Page 2 of 11 We also work with clients to customize the content of our meetings and reporting to best meet their unique needs. D. Gibson does not participate in wrap fee programs. E. As of December 31, 2023, our client assets under management2 totaled $2,417,065,617. Of that total, we managed, on a discretionary basis, $2,277,551,054 in client assets. Non-discretionary client assets totaled $139,514,5633.