Elevage Partners, LLC

Elevage Partners, LLC, a registered investment adviser founded in 2011 by Jeffery D. Powell, offers investment supervisory services and individual portfolio management. The firm conducts continuous reviews of client accounts, with quarterly reviews being standard. Elevage provides financial planning services, creating comprehensive financial plans covering areas such as personal, tax, investments, insurance, retirement, and estate planning. The firm manages assets totaling $162,468,252 as of 12/31/2022 on a discretionary basis. Elevage charges annual fees based on a percentage of assets under management, with a minimum annual fee of $5,000. The firm may recommend specific securities, including the Gladstone Land Corporation Series C Cumulative Redeemable Preferred Stock, and receives compensation for such recommendations. Elevage does not vote proxies on behalf of clients and does not monitor class action filings. The firm does not require prepayment of fees exceeding $1,200 more than six months in advance. Elevage maintains custody of client funds through direct fee deductions and standing authorizations with custodians. The firm does not vote proxies on behalf of clients and does not monitor class action filings. Elevage has not been subject to any bankruptcy petitions in the past ten years.