Columbia Capital Management, LLC, established in 1996, specializes in public finance municipal advisory and investment services for local governments and not-for-profits. The firm's investment advisory services focus on active management for various clients, including local government entities, educational institutions, and not-for-profit organizations. Columbia Capital manages short-term portfolios and bond-related funds, investing in permitted securities such as bank deposits, Treasury securities, and certain bonds. The firm's assets under management totaled $1,936,145,185 as of December 31, 2024, across 102 discretionary client accounts. Fees for investment advisory services are typically 0.20% of assets under management, subject to negotiation. Columbia Capital does not charge performance-based fees. The firm serves local government entities, not-for-profits, and other institutional clients with investable balances of at least $2,000,000. Investment strategies prioritize safety, liquidity, and yield, with a focus on minimizing risks such as default, market, interest rate, and liquidity risks. Columbia Capital operates as a fiduciary, providing best execution for client transactions and selecting brokers based on various factors. The firm does not receive "soft dollar" benefits from brokers. Clients retain custody of their funds and securities, receiving statements from qualified custodians. Columbia Capital typically exercises discretionary authority over client accounts, making investment decisions in line with clients' objectives and investment policies. Clients are responsible for voting on securities held in their portfolios. The firm reports no disciplinary information and has a sound financial condition with no outstanding debts.

Discretionary Management Services, LLC (DMS) is a registered investment adviser established in 2007, offering discretionary investment management services to institutional clients. DMS tailors its services to meet clients' specific needs, providing services on both discretionary and non-discretionary bases. As of December 31, 2024, DMS managed $185,292,808 in assets on a discretionary basis. The firm charges fees based on a percentage of assets under management (AUM) or a negotiated flat fixed fee. DMS may also accept performance-based fees in limited circumstances. DMS serves institutional clients such as pension plans, trusts, and high-net-worth individuals, with no minimum account size but a minimum annual fee of $50,000 per client. The firm's investment strategies involve diversified asset allocation and risk management, with a focus on global macro strategies. DMS uses internally developed research and analysis, along with DeMarche's resources, for investment decision-making. DMS has no disciplinary history and provides services to clients with transparency and ethical standards. The firm does not engage in directed brokerage and maintains regular client account reviews. DMS has custody of GTAA Fund, LLC's assets and exercises investment discretion within client guidelines. Clients receive quarterly account statements from qualified custodians.

CCM New Opportunities, LLC (CCMNO) is a registered investment adviser specializing in providing advisory services and back-office support for clients utilizing Qualified Opportunity Funds (QOF). Established in 2019, CCMNO is a subsidiary of Columbia Capital Management, LLC. Led by President Jeff White and Chief Compliance Officer Stacey Walter, the firm assists clients in identifying and executing investments in Qualified Opportunity Zone Businesses and Property. As of 12/31/2024, CCMNO managed $1,268,790 on a discretionary basis. Fees are calculated as one percent per annum of assets under management, with a minimum annual fee of $25,000. CCMNO does not have performance-based fee arrangements. The firm primarily serves clients engaged in QOFs investing in Opportunity Zones. Investments are focused on non-public companies, real estate, and equipment in Opportunity Zones, with a risk profile including default, tax, market, interest rate, liquidity, business performance, and statutory risks. CCMNO exercises limited discretionary authority over client accounts, subject to client risk profiles and objectives. The firm does not vote on client securities and does not have custody over client funds or securities. CCMNO maintains a strong financial position with no outstanding debt.