JOEL ISAACSON & CO., LLC

Disclosure Brochure Cover Page Item 1 – Joel Isaacson & Co., LLC 546 Fifth Avenue New York, NY 10036 (212) 302-6300 www.joelisaacson.com March 25, 2025 This Brochure provides information about the qualifications and business practices of Joel Isaacson & Co., LLC (“JIC” “we”, or “the Firm”). If you have any questions about the contents of this Brochure, please contact us at (212) 302-6300. The information in this Brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. Joel Isaacson & Co., LLC is a registered investment adviser. Registration of an Investment Adviser does not imply any level of skill or training. The oral and written communications of an Adviser provide you with information about which you determine to hire or retain an Adviser. Additional information about Joel Isaacson & Co., LLC also is available on the SEC’s website at www.adviserinfo.sec.gov.  Joel Isaacson & Co. Disclosure Brochure Material Changes Item 2 – In this section, we are required to provide our clients with a summary of any material changes to our brochure since the time of our last annual updating amendment, which was filed in March 2024. As of January 1, 2025, Morgan Tesoriero serves as Chief Compliance Officer for Joel Isaacson & Co., LLC. Item 11 has been revised to reflect that current or prospective clients may obtain a copy of JIC’s Code of Ethics by contacting Ms. Tesoriero. Page 1  Joel Isaacson & Co. Disclosure Brochure Item 3 - Table of Contents Item 1 – Cover Page .................................................................................................................................................................1 Item 2 – Material Changes .....................................................................................................................................................1 Item 3 -Table of Contents ......................................................................................................................................................2 Item 4 – Advisory Business ..................................................................................................................................................3 Item 5 – Fees and Compensation .......................................................................................................................................5 Item 6 – Performance-Based Fees and Side-By-Side Management .....................................................................7 Item 7 – Types of Clients ........................................................................................................................................................7 Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss ..............................................................7 Item 9 – Disciplinary Information .................................................................................................................................. 10 Item 10 – Other Financial Industry Activities and Affiliations ........................................................................... 11 Item 11 – Code of Ethics, Participation in Client Transactions and Personal Trading ............................. 11 Item 12 – Brokerage Practices ......................................................................................................................................... 12 Item 13 – Review of Accounts .......................................................................................................................................... 14 Item 14 – Client Referrals and Other Compensation .............................................................................................. 15 Item 15 – Custody .................................................................................................................................................................. 16 Item 16 – Investment Discretion ..................................................................................................................................... 16 Item 17 – Voting Client Securities ................................................................................................................................... 16 Item 18 – Financial Information ...................................................................................................................................... 16 Page 2  Joel Isaacson & Co. Disclosure Brochure Item 4 – Advisory Business Joel Isaacson & Co., LLC (hereinafter “JIC,” “we,” or the “Firm”) is a SEC registered investment adviser and wealth management firm that has been providing investment advisory services, FOCUS FINANCIAL PARTNERS, LLC directly or through its predecessor firm Joel Isaacson & Co., Inc., for 30 years. JIC is part of the Focus Financial Partners, LLC (“Focus LLC”) partnership. Specifically, JIC is a wholly-owned indirect subsidiary of Focus LLC. Focus Financial Partners, Inc. is the sole managing member of Focus LLC. Ultimate governance of Focus LLC is conducted through the board of directors at Ferdinand FFP Ultimate Holdings, LP. Focus LLC is majority-owned, indirectly and collectively, by investment vehicles affiliated with Clayton, Dubilier & Rice, LLC (“CD&R”). Investment vehicles affiliated with Stone Point Capital LLC (“Stone Point”) are indirect owners of Focus LLC. Because JIC is an indirect, wholly-owned subsidiary of Focus LLC, CD&R and Stone Point investment vehicles are indirect owners of JIC. Focus LLC also owns other registered investment advisers, broker-dealers, pension consultants, insurance firms, business managers and other firms (the “Focus Partners”), most of which provide wealth management, benefit consulting and investment consulting services to individuals, families, employers, and institutions. Some Focus Partners also manage or advise limited partnerships, private funds, or investment companies as disclosed on their respective Form ADVs. JIC is managed by Joel Isaacson, Stan Altmark, Martin Stein, David Peltz, Lee Steinmetz and Robert Paul (“JIC Principals”), pursuant to a management agreement between JICO Management, Inc. and JIC. The JIC Principals serve as leaders and officers of JIC and are responsible for the management, supervision and oversight of JIC. Page 3  Joel Isaacson & Co. Disclosure Brochure Investment Advisory Services We provide comprehensive wealth management services that include financial planning, tax Financial Planning advice and portfolio management. We develop comprehensive financial plans that include an assessment of the client’s assets and liabilities, investments, projected cash flows, tax, retirement, estate and business plans and clients’ goals. Wealth Management We provide comprehensive wealth management services that include the implementation of investment plans, and the following: • • • • Portfolio Management Continuous tax, estate and personal financial planning; Development, implementation, and continuous monitoring of investment strategies; Investment performance reporting; Meetings with advisory team; Our portfolio management services typically consist of providing continuous and regular investment supervisory services to our clients’ portfolios. We typically recommend the investment of client portfolios in mutual funds, exchange traded funds (“ETFs”) and private investment funds. Our investment advisory services are tailored to the individual needs of clients. Clients are permitted to impose reasonable restrictions on the management of their accounts. We do not Other Services participate in wrap fee programs. In addition to providing investment advisory services, JIC provides tax planning, tax preparation and tax compliance consulting, “family office,” bill paying and “outsourced CFO” services. The fee schedule charged to clients for tax and “outsourced CFO” services will generally follow the hourly fee schedule as disclosed under Item 5. JIC clients are not obligated to utilize JIC for any of these services. In a limited number of cases, employees of JIC provide trustee services. In such cases, JIC may receive additional compensation as permitted in the trust documents and allowable by statute. Page 4  Joel Isaacson & Co. Disclosure Brochure JIC is a fiduciary under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) with respect to investment management services and investment advice provided to ERISA plans and ERISA plan participants. JIC is also a fiduciary under section 4975 of the Internal Revenue Code of 1986, as amended (the “IRC”) with respect to investment management services and investment advice provided to individual retirement accounts (“IRAs”), ERISA plans, and ERISA plan participants. As such, JIC is subject to specific duties and obligations under ERISA and the IRC, as applicable, that include, among other things, prohibited transaction rules which are intended to prohibit fiduciaries from acting on conflicts of interest. When a fiduciary gives advice, the fiduciary must either avoid certain conflicts of interest or rely upon an applicable prohibited transaction exemption (a “PTE”). As a fiduciary, we have duties of care and of loyalty to you and are subject to obligations imposed on us by the federal and state securities laws. As a result, you have certain rights that you cannot waive or limit by contract. Nothing in our agreement with you should be interpreted as a limitation of our obligations under the federal and state securities laws or as a waiver of any unwaivable rights you possess. As of December 31, 2024, JIC managed a total of $8,039,009,854, of which $5,619,308,013 is Item 5 – Fees and Compensation managed on a discretionary basis and $2,419,701,841 on a non-discretionary basis. Our wealth management and portfolio management services are provided on either a fixed fee or asset-based fee basis. Occasionally, professional services are provided on an hourly Fixed Fees basis. All fees are potentially negotiable. We typically charge fixed fees for wealth management services. Our fixed fee schedule is below. Assets Estimated Fee (based on Advisor assessment) Up to $1,000,000 $10,000 $1,000,000 - $3,000,000 $3,000,000 - $5,000,000 $15,000 $20,000 $5,000,000 - $10,000,000 $10,000,000 - $20,000,000 $30,000 $40,000 $20,000,000 - $30,000,000 $50,000 Over $30,000,000 To be individually assessed Page 5  Joel Isaacson & Co. Disclosure Brochure JIC generally bills fixed fees on a quarterly basis in advance. Clients may also elect to be billed directly for fees or to authorize JIC to directly debit fees from client accounts. Client relationships initiated or terminated during a calendar quarter will be charged a prorated fee. Upon termination of any account, any prepaid, unearned fees will be promptly refunded, and any earned, unpaid fees will be due and payable. JIC may terminate any Wealth Management agreement at any time by giving the client five business days written notice and returning in full any pre-paid, unearned fees. Should a client terminate the agreement at some time after the five-day period after entering into the agreement, but before the presentation of a written report and payment of their remaining portion of the fee, then JIC will return any unearned portion of collected fees, after accounting for JIC’s time and costs expended working on a client’s case. Asset-Based Fees • Our annual fee charged for Portfolio Management Services is generally: • 1% on the first $1,000,000 of assets under management .5% (one half of one percent) on assets over $1,000,000 The fee is payable quarterly, in advance, based on the value of the assets in the account as of the beginning of each calendar quarter (the prior quarter’s ending balance). The fee is charged directly to the client’s account. Any accounts opened or closed during a calendar quarter will have the advisory fee pro-rated for the period. A contract may be terminated by either party upon written notice to the other. All pre-paid, unearned fees will be promptly refunded. Cash, accrued interest and the value of any securities purchased on margin are included for billing purposes, unless we determine otherwise, in our discretion. The amount of JIC’s asset-based fees are determined using then-current portfolio valuations provided by the independent custodian. For any private placement investments, the valuation of the holdings is the most current provided by the General Partner or Managing Hourly fees Member to the custodian. Hourly fees will vary from $120 to $880 per hour, depending upon the complexity and/or level of expertise required. The work accomplished for each client on an hourly basis will generally be billed monthly or on a project basis. A portion of the total anticipated fee may be due upon the signing of the advisory contract. Should a client terminate the contract prior to the plan being presented, all unearned, pre-paid fees will be promptly refunded. Page 6  Joel Isaacson & Co. Disclosure Brochure Additional Fees and Expenses In addition to JIC’s advisory fee, clients who receive investment management services from JIC will be responsible for the fees and expenses of the underlying mutual funds, ETF’s and private fund managers (including management and performance-based fees), transfer taxes, odd lot differentials, exchange fees, interest charges, ADR processing fees, and any charges, taxes or other fees mandated by any federal, state or other applicable law, retirement plan account fees (where applicable), margin interest, commissions, mark-ups or mark-downs embedded in fixed income transactions, and other transaction-related costs, electronic fund and wire fees, and any other fees that reasonably may be borne by a brokerage account. e.g. , commissions). Please see Item 12 below for further information. Clients should review the applicable prospectuses and private offering memoranda for additional information about mutual fund and private fund manager fees and expenses. Item 12 further describes the factors that JIC considers in selecting or recommending broker-dealers for client transactions and determining the reasonableness of their compensation ( Item 6 – Performance-Based Fees and Side-By-Side Management JIC does not charge any performance-based fees (fees based on a share of capital gains on or Item 7 – Types of Clients capital appreciation of the assets of a client). JIC provides wealth management services and portfolio management services primarily to high net worth individuals, and occasionally to corporate pension and profit-sharing plans, charitable organizations and non-high net worth individuals. Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss Methods of Analysis and Investment Strategies JIC provides advice on a discretionary and non-discretionary basis, and most typically, recommends that clients invest in mutual funds, ETFs or in private investment funds, but other types of investments and strategies may be implemented based on the client’s needs. Investment strategies are primarily long-term in scope. Our recommendations for short-term investments are generally limited to cash equivalents and money market funds, and trading is not employed as a strategy other than for tax harvesting or other cash raising activities as may be appropriate. Risk of Loss Investing in securities involves risk of loss that clients should be prepared to bear. Page 7  Joel Isaacson & Co. Disclosure Brochure Mutual Funds and ETFs The mutual funds and ETFs in which we frequently invest client assets or recommend to clients generally own principally securities and therefore also involve the risk of loss that is inherent in investing in securities. The extent of the risk of ownership of fund shares generally depends on the type and number of securities held by the fund. Mutual funds invested in fixed income securities are subject to the same interest rate, inflation, and credit risks associated with the fund’s underlying bond holdings. Fixed income securities may decrease in value as a result of many factors, for example, increases in interest rates or adverse developments with respect to the creditworthiness of the issuer. Risks also may be significantly increased if a mutual fund pursues an alternative investment strategy. An investment in an alternative mutual fund involves special risks such as risk associated with short sales, leveraging the investment, potential adverse market forces, regulatory changes, and potential illiquidity. Investing in alternative strategies presents the opportunity for significant losses. An ETF’s risks include declining value of the securities held by the ETF, adverse developments in the specific industry or sector that the ETF tracks, capital loss in geographically focused funds because of unfavorable fluctuation in currency exchange rates, differences in generally accepted accounting principles, or economic or political instability, tracking error, which is the difference between the return of the ETF and the return of its benchmark and trading at a premium or discount, meaning the difference between the ETF’s market price and NAV. ETFs also are subject to the individual risks described in their prospectus. Although many mutual funds and ETFs may provide diversification, risks can be significantly increased if a mutual fund or ETF is concentrated in a particular sector of the market, primarily invests in small cap or speculative companies, uses leverage to a significant degree, or concentrates in a particular type of security. More information about the risks of any particular market sector can be reviewed in the prospectus for each fund. The following events also could cause mutual funds, ETFs, and other investments managed Market Risk for Clients to decrease in value: : A decline in the stock market could depress the prices of stocks and other equity securities in a Client’s portfolio. An increase in interest rates or a change in the relationship between different market interest rates could depress the prices of bonds and other fixed income securities in a Client’s portfolio. Page 8  Joel Isaacson & Co. Disclosure Brochure Event Risk : An adverse event affecting a particular company or that company’s industry could depress the price of a Client’s investments in that company’s stocks or bonds. The company, government or other entity that issued bonds in a Client’s portfolio could become less able to, or fail to, repay, service or refinance its debts, or the issuer’s credit rating could be downgraded by a rating agency. Adverse events affecting a particular country, including political and economic instability, could depress the value of investments in issuers Liquidity Risk headquartered or doing business in that country. : Securities that are normally liquid may become difficult or impossible to sell at an acceptable price during periods of economic instability or other emergency conditions. Domestic and/or Foreign Political Risk Some securities may be infrequently or thinly traded even under normal market conditions. : The events that occur in the U.S. relating to politics, government, and elections can affect the U.S. markets. Political events occurring in the home country of a foreign company such as revolutions, nationalization, and currency collapse can Inflation Risk have an impact on the security. : Countries around the globe may be more, or less, prone to inflation than the U.S. economy at any given time. Companies operating in countries with higher inflation rates Use of Private Investment Funds may find it more difficult to post profits reflecting its underlying health. JIC recommends that certain clients invest in private investment funds (some of which may be typically called “hedge funds”). The managers of these vehicles will have broad discretion in selecting the investments. There are few limitations on the types of securities or other financial instruments which may be traded and no requirement to diversify. Hedge funds may trade on margin or otherwise leverage positions, thereby potentially increasing the risk to the vehicle. In addition, because the vehicles are not registered as investment companies, there may be an absence of regulation. There are numerous other risks in investing in these securities. The client will receive a private placement memorandum and/or other documents explaining such risks. Certain Funds utilized by JIC may contain international securities. Investing outside the United States involves additional risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be greater with investments in developing countries. Certain Funds utilized by JIC may invest in lower rated fixed income securities. Funds invested in lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds. The return of principal for the bond holdings in Funds is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings. Page 9  Joel Isaacson & Co. Disclosure Brochure Different types of investments involve varying degrees of risk, and it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended or undertaken by JIC) will be Cybersecurity profitable or equal any specific performance level(s). The computer systems, networks and devices used by JIC and service providers to us and our clients to carry out routine business operations employ a variety of protections designed to prevent damage or interruption from computer viruses, network failures, computer and telecommunication failures, infiltration by unauthorized persons and security breaches. Despite the various protections utilized, systems, networks, or devices potentially can be breached. A client could be negatively impacted as a result of a cybersecurity breach. Cybersecurity breaches can include unauthorized access to systems, networks, or devices; infection from computer viruses or other malicious software code; and attacks that shut down, disable, slow, or otherwise disrupt operations, business processes, or website access or functionality. Cybersecurity breaches may cause disruptions and impact business operations, potentially resulting in financial losses to a client; impediments to trading; the inability by us and other service providers to transact business; violations of applicable privacy and other laws; regulatory fines, penalties, reputational damage, reimbursement or other compensation costs, or additional compliance costs; as well as the inadvertent release of confidential information. Disciplinary Information Similar adverse consequences could result from cybersecurity breaches affecting issuers of securities in which a client invests; governmental and other regulatory authorities; exchange and other financial market operators, banks, brokers, dealers, and other financial institutions; and other parties. In addition, substantial costs may be incurred by these entities in order to prevent any cybersecurity breaches in the future. Item 9 – Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of JIC or the integrity of JIC’s management. JIC has no information applicable to this Item. Page 10  Joel Isaacson & Co. Disclosure Brochure Item 10 – Other Financial Industry Activities and Affiliations As noted above in response to Item 4, certain investment vehicles affiliated with CD&R collectively are indirect majority owners of Focus LLC, and certain investment vehicles affiliated with Stone Point are indirect owners of Focus LLC. Because JIC is an indirect, wholly-owned subsidiary of Focus LLC, CD&R and Stone Point investment vehicles are indirect owners of JIC. JIC has no business relationship with other Focus Partners that is material to its advisory business or to is clients. From time to time, we refer clients to our partner firm Sentinel Benefits Group, LLC (“Sentinel”), for retirement plan services. Clients who choose to engage Sentinel sign an agreement directly with Sentinel, and Sentinel does not compensate us for these services. Item 11 – Code of Ethics, Participation in Client Transactions and Personal Trading JIC has adopted a Code of Ethics, which is designed to help assure that the personal securities transactions, activities and interests of the employees of JIC will not interfere with making decisions in the best interest of advisory clients. The Code describes the fiduciary obligations of JIC and its personnel and requires JIC’s personnel to comply with applicable federal securities laws and to report any violations of the Code to JIC’s Chief Compliance Officer. The Code of Ethics contains provisions relating to the confidentiality of client information, a prohibition on insider trading, restrictions on the acceptance of significant gifts and the reporting of certain gifts and business entertainment items, and personal securities trading procedures, among other things. All supervised persons at JIC must acknowledge the terms of the Code of Ethics annually, or as amended. JIC permits its directors, officers and employees to purchase and sell securities for their own accounts, which may raise potential conflicts of interest. JIC believes these potential conflicts are minimized by the nature of JIC’s investment advisory recommendations, which predominantly involve the recommendation of mutual funds and ETFs. The Code requires JIC’s covered persons to report their personal securities holdings and transactions so that they can be monitored and prohibits JIC’s covered personnel from trading in any security in a private placement or initial public offering without the advance written consent of JIC’s Chief Compliance Officer. Clients or prospective clients of JIC may, upon request, obtain a copy of the Code by contacting the Chief Compliance Officer, Morgan Tesoriero, at mtesoriero@joelisaacson.com Page 11  Joel Isaacson & Co. Disclosure Brochure Brokerage Practices Item 12 Charles Schwab & Co. (“Schwab”) – JIC routinely recommends that serve as the qualified custodian for client assets. Schwab provides custody of securities, trade execution, and clearance and settlement of transactions placed by JIC. If your accounts are custodied at Schwab, Schwab will hold your assets in a brokerage account and buy and sell securities when we instruct them to. In deciding to recommend Schwab, some of the factors that JIC considers include: • Trade order execution and the ability to provide accurate and timely execution of trades; • The reasonableness and competitiveness of commissions and other transaction costs; • Access to a broad range of investment products; • Access to trading desks; • A dedicated service or back office team and its ability to seamlessly and timely process requests on behalf of its clients; • Ability to provide JIC with access to client account information through an institutional website; and • Ability to provide clients with electronic access to account information and investment and research tools. JIC generally places portfolio transactions through Schwab. In exchange for using Schwab’s services, JIC receives, without cost, computer software and related systems support that allows JIC to monitor and service its clients’ accounts maintained with Schwab. Schwab also makes available to the Firm products and services that benefit the Firm but may not directly benefit the client or the client’s account. These products and services assist us in managing and administering client accounts. They include investment research, both Schwab’s own and that of third parties. JIC may use this research to service all or some substantial number of client accounts, including accounts not maintained at Schwab. In addition to investment research, Schwab also makes available software and other technology that: • provide access to client account data (such as duplicate trade confirmations and account statements); • facilitate trade execution and allocate aggregated trade orders for multiple client accounts; Page 12  Joel Isaacson & Co. Disclosure Brochure • facilitate trade execution and allocate aggregated trade orders for multiple client accounts; • provide pricing and other market data; • facilitate payment of our fees from our clients’ accounts; and • assist with back-office functions, recordkeeping, and client reporting. Schwab also offers other services intended to help us manage and further develop our business enterprise. These services include: • educational conferences and events; • technology, compliance, legal, and business consulting; and • publications and conferences on practice management and business succession. Schwab may provide some of these services itself. In other cases, it will arrange for third- party vendors to provide the services to the Firm. Schwab may also discount or waive its fees for some of these services or pay all or a part of a third party’s fees. Schwab may also provide us with other benefits. Schwab , a client may pay a commission that is higher than When executing trades through another qualified broker-dealer might charge to effect the same transaction. This is permissible where JIC determines, in good faith, that the commission is reasonable in relation to the value of the brokerage and research services received. In seeking best execution, the determinative factor is not the lowest possible cost, but whether the transaction represents the best qualitative execution, taking into consideration the full range of a broker-dealer’s services, including the value of research provided, execution capability, commission rates, reporting and responsiveness. Accordingly, although JIC will seek competitive rates, it may not necessarily obtain the lowest possible commission rates for client account transactions. Although the investment research products or services that may be obtained by JIC will generally be used to service all of JIC’s clients, a brokerage commission paid by a specific client may be used to pay for research that is not used in managing that specific client’s account. Clients are not required to execute transactions through any recommended broker. All clients are free to select the broker or dealer of his or her choice. In the event that the client directs JIC to effect securities transactions for the client’s accounts through a specific broker-dealer, the client correspondingly acknowledges that such direction may cause the accounts to incur higher commissions or transaction costs than the accounts would otherwise incur had the client determined to effect account transactions through alternative arrangements that may be available through JIC. Page 13  Joel Isaacson & Co. Disclosure Brochure JIC’s advisory practice, because of the nature of the business and client needs, does not generally include block trades or negotiating commissions with broker-dealers to obtain volume discounts. Review of Accounts JIC’s policy with regard to trade errors is to make clients whole with respect to any losses incurred which may be caused by JIC. Trade errors are typically corrected in accordance with Schwab’s practices. Schwab will typically assume the cost of correcting any errors that result in losses of less than $100. Where a trade error results in a loss greater than $100, Schwab will correct the error and bill JIC for the amount of the loss. Where a trade error results in a gain, Schwab will donate this amount to charity. JIC does not retain any client trade error gains. Item 13 Reviews – For those clients to whom JIC provides investment supervisory services, account reviews are conducted on an ongoing basis. All clients are advised that it remains their responsibility to inform JIC of any changes in their investment objectives and/or financial situation. All clients (in person or via telephone) are encouraged to review financial planning issues, investment objectives and account performance with JIC on an annual basis, as applicable. Reports Clients are provided with transaction confirmation notices and regular summary account statements directly from the broker-dealer/custodian and/or program sponsor for the client accounts. Those clients to whom JIC provides investment supervisory services shall also receive a semi-annual report from JIC summarizing account activity and performance. Page 14  Joel Isaacson & Co. Disclosure Brochure Item 14 – Client Referrals and Other Compensation As described in Item 12.A.1 above, we receive support services and other economic benefits from broker-dealers. There is no corresponding commitment made by us to any broker- dealer to invest any specific amount or percentage of client assets in any specific mutual funds, securities, or other investment products as result of the above arrangement. JIC’s parent company is Focus Financial Partners, LLC (“Focus”). From time to time, Focus holds partnership meetings and other industry and best-practices conferences, which typically include JIC, other Focus firms and external attendees. These meetings are first and foremost intended to provide training or education to personnel of Focus firms, including JIC. However, the meetings do provide sponsorship opportunities for asset managers, asset custodians, vendors and other third-party service providers. Sponsorship fees allow these companies to advertise their products and services to Focus firms, including JIC. Although the participation of Focus firm personnel in these meetings is not preconditioned on the achievement of a sales target for any conference sponsor, this practice could nonetheless be deemed a conflict as the marketing and education activities conducted, and the access granted, at such meetings and conferences could cause JIC to focus on those conference sponsors in the course of its duties. Focus attempts to mitigate any such conflict by allocating the sponsorship fees only to defraying the cost of the meeting or future meetings and not as revenue for itself or any affiliate, including JIC. Conference sponsorship fees are not dependent on assets placed with any specific provider or revenue generated by such asset placement. The following entities have provided conference sponsorship to Focus from January 1, 2024 to February 1, 2025: • Advent Software, Inc. (includes SS&C) • BlackRock, Inc. • Blackstone Administrative Services Partnership L.P. • Capital Integration Systems LLC (CAIS) • Charles Schwab & Co., Inc. • Confluence Technologies Inc. • Eaton Vance Distributors, Inc. (includes Parametric Portfolio Associates) • Fidelity Brokerage Services LLC and Fidelity Distributors Company LLC (includes Fidelity Institutional Asset Management and FIAM) • Flourish Financial LLC • Franklin Distributors, LLC (includes O’Shaughnessy Asset Management, L.L.C. (OSAM) and CANVAS) • K&L Gates LLP • Nuveen Securities, LLC • Orion Advisor Technology, LLC • Pinegrove Capital Partners LLC (includes Brookfield Oaktree Wealth Solutions) Page 15  Joel Isaacson & Co. Disclosure Brochure • Practifi, Inc. • Salus GRC, LLC • Stone Ridge Asset Management LLC • The Vanguard Group, Inc. • TriState Capital Bank • UPTIQ, Inc. You can access updates to the list of conference sponsors on Focus’ website through the following link: https://www.focusfinancialpartners.com/conference-sponsors Item 15 – Custody All client funds and securities are maintained with an independent qualified custodian. Clients will receive at least quarterly statements from the broker dealer, bank or other qualified custodian that holds and maintains client’s investment assets. JIC urges you to carefully review such statements and compare such official custodial records to the account statements that we may provide to you. Our statements may vary from custodial statements based on accounting procedures, reporting dates, or valuation methodologies of certain securities. Item 16 – Investment Discretion JIC receives written discretionary authority from the client through the execution of a discretionary client agreement which contains a power of attorney with discretionary trading authority. Clients are permitted to place reasonable restrictions on the management of their accounts. Item 17 – Voting Client Securities JIC does not currently accept proxy voting authority on behalf of clients. Item 18 – Financial Information Registered investment advisers are required in this Item to provide you with certain financial information or disclosures about JIC’s financial condition. JIC has no financial commitment that impairs its ability to meet contractual and fiduciary commitments to clients, and has not been the subject of a bankruptcy proceeding. Page 16