Himalaya Capital Management LLC, established in 1997, is an investment adviser registered with the SEC, managing a mini-master fund structure called Himalaya Capital Investors (HCI). The firm focuses on capital appreciation by investing in global securities at a discount to intrinsic value, primarily in Greater China, the U.S., Japan, and South Korea. HCI's investment strategy aims to minimize the risk of permanent capital impairment over a long period. The firm uses a value investing approach, seeking securities with a significant "economic moat" and long-term growth potential. Himalaya Capital charges performance-based fees, with GPs receiving an incentive allocation of 25% of net appreciation. The firm does not participate in wrap fee programs and manages approximately $17.18 billion in assets as of December 31, 2024. Clients must be accredited investors and qualified purchasers, with a minimum subscription of $25 million. Himalaya Capital exercises full investment discretion for HCI, with limited partner involvement in decision-making. The firm's investment philosophy emphasizes a margin of safety, long-term investing, and active management. Clients receive semiannual investment reports and annual audited financial statements. Himalaya Capital maintains custody of HCI's assets with qualified custodians and has not experienced any material disciplinary events or financial impairments in the past ten years.

Invesco Managed Accounts, LLC is a financial advisory firm based in Seattle, Washington. It currently has approximately $11,394,626,019 of assets under management and employs about 42 people. Invesco Managed Accounts, LLC uses a fee structure of a percentage of assets under your management and fixed fees.

Aptitude Investment Management Lp is a financial advisory firm based in Seattle, Washington. It currently has approximately $6,547,273,135 of assets under management and employs about 8 people. Aptitude Investment Management Lp uses a fee structure of a percentage of assets under your management, performance-based fees and additional info on fees charged by advisor in form adv part 2.

Freestone Capital Management, LLC is a financial advisory firm based in Seattle, Washington. It currently has approximately $6,104,439,188 of assets under management and employs about 94 people. Freestone Capital Management, LLC uses a fee structure of a percentage of assets under your management, commissions and performance-based fees.

Columbia Pacific Wealth Management (CPWM) is an investment adviser registered with the Securities and Exchange Commission. Established in December 2010, CPWM is a wholly-owned subsidiary of CI Private Wealth US LLC, which is a majority-owned subsidiary of CI Financial Corp. CPWM constructs globally diversified investment portfolios primarily using exchange-traded funds, mutual funds, and separately managed accounts. The firm offers services to high net worth individuals, institutions, foundations, and corporate pension plans. CPWM also manages pooled investment vehicles open to accredited investors and qualified purchasers. CPWM charges management fees based on assets under management, with a tiered fee structure. The firm may also charge performance-based fees for certain funds. CPWM acts as the general partner and/or investment manager for various investment vehicles, including the CP Funds, which are open only to accredited investors and qualified purchasers. The firm's investment philosophy emphasizes asset allocation, diversification, and risk-adjusted returns. CPWM provides financial planning and wealth management advice, tailoring services to meet individual client needs. Clients may impose restrictions on investments, and CPWM may work with third-party professionals for specialized services. CPWM operates independently of other CI affiliates, with certain employees serving in dual capacities. The firm's Code of Ethics requires acting in the best interest of clients, and clients are informed of any conflicts of interest. CPWM does not maintain custody of client funds but uses qualified custodians. Clients have the discretion to vote on proxies for their securities. The firm has no disciplinary events and provides financial information to ensure transparency.

Empirical Wealth Management is a financial advisory firm based in Seattle, Washington. It currently has approximately $4,173,413,099 of assets under management and employs about 65 people. Empirical Wealth Management uses a fee structure of a percentage of assets under your management, hourly charges, fixed fees and performance-based fees.

Frazier Healthcare Partners is a financial advisory firm based in Seattle, Washington. It currently has approximately $4,050,015,567 of assets under management and employs about 68 people. Frazier Healthcare Partners uses a fee structure of a percentage of assets under your management and performance-based fees.

Badgley Phelps Wealth Managers is a financial advisory firm based in Seattle, Washington. It currently has approximately $3,868,764,189 of assets under management and employs about 23 people. Badgley Phelps Wealth Managers uses a fee structure of a percentage of assets under your management, hourly charges and fixed fees.

Merriman is a financial advisory firm based in Seattle, Washington. It currently has approximately $3,297,155,500 of assets under management and employs about 57 people. Merriman uses a fee structure of a percentage of assets under your management and performance-based fees.