Firm Description Topsail Wealth Management, LLC, a North Carolina limited liability company, was formed in April 2022. Matthew P. Snipes is Founder, Chief Executive Officer, Chief Compliance Officer (the “CCO”), and principal owner of the firm. Advisory Services Topsail was founded to provide high-net worth and ultra-high-net worth families with comprehensive wealth management services. The Adviser focuses on the entire wealth enterprise of each family with customized service to help our family clients make informed decisions. Topsail tailors its service offering to meet the needs of each client it serves. Based upon the direction of the client, the Adviser helps coordinate and implement strategies across the following wealth management areas: financial planning, investment advisory, tax planning, and estate planning. When working with clients, the Adviser will utilize a priorities-based approach that enables the family to make informed decisions and work towards agreed-upon goals and objectives. Investment Advisory Services As described above, the Adviser provides investment advice to clients based on the individual needs, objectives, and risk tolerance of the client. Through discussions, interviews, and questionnaires, Topsail will assist clients in determining their investment objectives. This may include creating an Investment Policy Statement (“IPS”), financial plan, or making other recommendations based on the client’s objectives, risk tolerance, liquidity needs, tax considerations and any other issues related to the client’s financial situation. Topsail will meet with clients periodically to update this information when requested by the client or when determined to be necessary or advisable by the Adviser based on changes to the client’s financial or other circumstances. Topsail will design customized, strategic asset allocations and provide a framework for the management and oversight of the portfolio. Implementation of the client’s investment strategy is typically through a diversified portfolio comprised of both passive and active strategies. Portfolios may include domestic and foreign equities, fixed income, mutual funds, and exchange traded funds. We will provide ongoing (monthly or quarterly, based upon client request) consolidated reporting and meet with you periodically to discuss the performance of your investments and update your financial information. Clients may impose certain written restrictions on the Adviser in the management of their investment portfolios, such as prohibiting the inclusion of certain types of investments in an investment portfolio or prohibiting the sale of certain investments held in the account at the commencement of the relationship. Each client should note, however, that restrictions imposed by a client may adversely affect the composition and performance

of the client’s investment portfolio. Each client should also note that his or her investment portfolio is treated individually by considering each purchase or sale for the client’s account. For these and other reasons, performance of client investment portfolios within the same investment objectives, goals and/or risk tolerance may differ, and clients should not expect that the composition or performance of their investment portfolios would necessarily be consistent with similar clients of the Adviser. Wealth Management and Estate Planning Services Topsail offers wealth management and estate planning services which includes tax planning, consultations with the client’s tax and legal professionals and assisting with building clients’ knowledge of the estate planning process and family office services. Topsail will provide ongoing services and written reports related to the following areas:
• Financial planning
• Estate/trust/gift planning and review
• Life insurance summary and review
• Property and casualty insurance summary and review
• Debt review
• Cash projections and net worth planning
• Tax Planning
• Bookkeeping and bill pay services
• Facilitation of banking and lending through independent partners1 Separate Account Managers When appropriate the Adviser may utilize one or more Separate Account Managers (each, a “Manager”). Having access to various Managers offers a variety of manager styles, and offers clients the opportunity to utilize more than one Manager, if necessary, to meet the needs and investment objectives of the client. The Adviser will recommend a Manager(s) it deems most appropriate for the client. Factors that the Adviser considers in recommending Managers generally includes the client’s stated investment objective(s), management style, performance, risk level, reputation, financial strength, reporting, pricing, and research. If the client approves, then the client appoints the Manager to manage the account and grants the Manager discretionary authority to manage the portfolio. Topsail will maintain access to the account and have the ability to effect other transactions in addition to the Manager’s. Topsail will monitor the approach and performance of the Manager(s), and assist the client in understanding the investments, and provide guidance to the client, including whether or not the client should continue with the Manager. In limited circumstances, the client will select one or more Managers recommended by the Adviser and enter into separate agreements with such Managers. 1 Topsail does not receive any additional compensation from these independent partners. Assets Under Management As of December 31, 2023, the Adviser has $0 in regulatory assets under management.