Stillwater Investment Management, LLC

Stillwater Investment Management, LLC is an independent investment advisory firm founded by James K. Tonrey, Jr. in June 2004. The firm specializes in providing balanced investment management services through a Family Investment Counseling Office model, offering advocacy services to clients. Stillwater acts as a fiduciary and financial advocate, minimizing conflicts of interest and providing personalized service. The firm manages individual Advisory Accounts on a discretionary basis, developing customized portfolios primarily consisting of stocks, bonds, and exchange-traded funds based on client needs and objectives. Stillwater charges a fee based on a fixed percentage of assets under management, with fees negotiable for certain account types. The minimum account size required is $350,000, although exceptions may be made based on individual circumstances. Stillwater does not charge performance-based fees and provides portfolio management services to various types of clients, including individuals, corporate retirement plans, and charitable trusts. The firm's investment strategies focus on asset class diversification, periodic rebalancing, and dividend reinvestment to achieve competitive risk-adjusted returns. Stillwater uses a combination of fundamental and technical analysis to construct balanced portfolios and assess risk for clients. The firm has not had any disciplinary events since its establishment in 2004. Clients can request the firm's Proxy Voting Policies and Procedures for information on how proxies are voted on their behalf. Stillwater does not maintain custody of client accounts and engages a third-party service for proxy voting administration. The firm's financial condition is sound, with no impairments affecting its ability to meet client commitments.