Seminole Advisory Services, LLC

Seminole Advisory Services, LLC, a registered investment adviser, was founded in 2008 by Robert J. Banks and is currently 100% owned by Seminole Holdings Group, LLC. The firm specializes in providing discretionary portfolio management services to investment trusts owned by pension funds, focusing on real estate-related loans, real estate equity investments, and renewable energy project investments. Seminole Advisory Services emphasizes individualized attention to clients' assets and investment needs, tailoring portfolio decisions to clients' objectives, risk tolerances, and investment restrictions. The firm managed $242,134,845 of client assets on a discretionary basis as of December 31, 2022, with no minimum annual fee requirement or account size. Fees are based on assets under management and are negotiated individually with each client. Seminole Advisory Services does not charge performance-based fees or have arrangements for side-by-side management. The firm's investment strategies involve a limited variety of investments, including mortgage loans, commercial loans, and equity investments in real estate and renewable energy projects, typically made for the long term. Clients grant the firm full investment discretion, allowing Seminole Advisory Services to make investment decisions without prior consent, subject to any client-specific restrictions. The firm does not use third-party broker-dealers for securities transactions and reviews client accounts quarterly to ensure alignment with objectives. Seminole Advisory Services does not hold custody of client investments, and voting rights for client securities are typically managed by clients' boards of trustees or officers.