Lafayette Advisors LLC

Lafayette Advisors, LLC, established in 2012, is a registered investment advisor located in Norfolk, Virginia. Lafayette specializes in advising a Collective Investment Trust with a series of collective investment funds managed on a fully discretionary basis by its affiliated investment advisory firm, Wilbanks, Smith & Thomas Asset Management, LLC (WST). The firm's investment strategy primarily involves investing in U.S. and foreign stocks, bonds, and cash equivalents through mutual funds, exchange-traded funds, and money market vehicles to achieve stated investment objectives. Lafayette manages client assets totaling $41,526,332 on a discretionary basis as of December 31, 2023, with no non-discretionary asset management. The firm's compensation structure includes management fees based on the assets under management, ranging from 40-85 basis points annually, paid directly to Lafayette on a monthly basis. Lafayette does not charge performance-based fees. Clients of Lafayette include a Trust comprising the Funds described in the brochure, and the firm does not manage assets for individual clients. The firm's investment strategies, such as the Credit Select Risk Managed Fund and Sector Select Risk Managed Fund, focus on reducing portfolio volatility and seeking long-term capital appreciation through sector rotation strategies. Lafayette operates as a fiduciary, providing full disclosure of any conflicts of interest, including affiliations with WST and Novus Advisors, LLC. The firm exercises investment discretion with limited trading authority based on approved investment models. Lafayette reviews the investment management services of WST quarterly and is responsible for voting client securities proxies. The firm has no disciplinary history or financial impairments.