2023 Arlington Annual Report

A LETTER FROM OUR CEO

Dear Arlington Families,

There’s a moment in a construction or renovation project where the power of planning and design becomes undeniable. The abstract becomes concrete. The vision becomes reality. For years, we have been in the planning phase of our own organizational project, a design we had the opportunity to share with many of you this year: our firm’s long-planned evolution to the Arlington Trust Company.

Although this structural shift does not change your day-to-day interaction with our team or our approach to service, its impact will ripple out for generations to come.

Of course, that future impact is exactly why we made the move. Since our founding, Arlington has taken the long view, approaching investing, tax, estate, trust, and legacy planning through the lens of not just the next generation, but the next seven generations. Because we are committed to evolving with the families we serve, we are able to anticipate forward-thinking moves and plan for them with precision. In this year's annual review Stephen Rowe, our President, and Emily Vanlandingham, our Chief Operating Officer, share more about this distinct commitment to ensuring continuity and the significance of our transition to Arlington Trust Company.

Good design never loses sight of the end goal, and the path to get there requires unwavering focus and commitment. We apply the same principles to our work with you at Arlington. As we look back on the key figures, metrics, and moments from the past year, I see intentionality and purpose at work ensuring the generational wellbeing of a diverse group of families. I see a firm where every move we make—from the people we hire to the counsel we provide—is not only in response to our families and the world around us, but by design.

For the first time in our history, we have included in an annual report our investment results looking back over the past 15 years. These results are a product of the stable base of financial capital our client families have provided.

As we close this past year’s chapter of partnership and stewardship, we are pleased to share a few glimpses of the people who continue to set Arlington apart and demonstrate our willingness to evolve and invest in people on your behalf.

I am grateful for your trust and honored to continue building with you for generations.

Kenneth H. Polk Founder and CEO

GUIDED BY A SPIRIT OF INNOVATION AND STEWARDSHIP, ARLINGTON IS A LEGACY-FOCUSED FIRM THAT INVESTS FOR DECADES, PLANS FOR CENTURIES, AND SERVES FOR GENERATIONS. TOGETHER, WE HELP FAMILIES FLOURISH.

OUR EXPERT TEAM OF SKILLED SPECIALISTS PROVIDES BESTIN-CLASS INVESTMENT, TRUST, TAX, PHILANTHROPY, AND HUMAN CAPITAL SERVICES TO A SELECT GROUP OF FAMILIES. WE ARE MANAGED BY AN ENGAGED GROUP OF INDIVIDUALS WHO ARE DEEPLY COMMITTED TO THE MISSION OF ENSURING GENERATIONAL SUCCESS AND STABILITY—AND TO OUR PERPETUAL PURPOSE MODEL THAT MAKES SUCH A MISSION POSSIBLE.

696 Souls Under Advisement

$10B+ Assets Under Stewardship

OUR GUIDING PRINCIPLES

Entrepreneurialism

Innovation and creativity foster enduring organizations (and families). Many businesses lose adaptability and originality as they grow. They become bureaucracies. We are determined to stay true to our entrepreneurial origins.

Independence

76 Families Served

26 Years Serving Families

56 Team Members

32 Advanced Designations

Our independence is to be protected by the absence of external shareholders. Strategy, operational decisions, and culture should be formed by active owners and those closest to the families we serve.

Long-Term Thinking

We think beyond the shortterm and focus on decisions that are seven-generation principled. This allows the organization to be purposedriven and values-led. And, it underpins the thinking that lies at the heart of successful investment performance.

Simple but SIGNIFICANT

BY STEPHEN ROWE PARTNER AND PRESIDENT

AND EMILY VANLANDINGHAM PARTNER AND CHIEF OPERATING OFFICER

Minor in practice, major in impact—Arlington’s transition of clients to Arlington Trust Company underscores our commitment to evolve with the families we serve.

2002 with the acquisition of our private trust company. More than 20 years later, looking across the families we serve, we saw this wealth transfer underway and knew it was time for us to take the next step and transition our core client service platform from Arlington Partners to Arlington Trust Company—a step we completed in 2023 with the endorsement of each of our client families.

Each step on our journey as a firm can be traced to one simple but significant commitment, a commitment to be what our clients need us to become—not just by reacting to their needs of today but by anticipating the needs of their future generations.

There is no better example of this in action than the work we undertook in 2023. From the earliest days of Arlington, we recognized that, over time, as much as 90% of the assets of families of wealth are transferred to trusts and foundations and that our clients would be no different. We began planning for this future in

We will ensure that this change is barely perceptible in day-to-day interactions with our firm. After all, the level of attention families receive, the way our team serves them, and—most importantly—the principles that guide our work with them have not and will not change. But the long-term impact will be incredibly significant. When we established the Perpetual Purpose Model in 2021, we formalized our founding principles through governance changes that bound our firm to a model of steward-ownership that will always put our families first. Now, by making Arlington Trust Company our core client service entity, we have completed structural and operational changes that position us to serve the needs of our families and their future generations even more effectively.

When you consider the timeline of our evolution shown on this page, we hope you see that the points along the way from 1998 through 2023 represent much more than a series of business decisions for us. In life, every crossroads is an opportunity to commit again to a path forward. And, for us, each point on our journey has represented a renewed commitment both to our client families and our team. A commitment to learning and evolving so that we can keep our promise to be here to support families, now and for generations to come.

Arlington is not only looking ahead to the future— but looking beyond. The same innovation, curiosity, and foresight that prompted us years ago to begin outlining an eventual transition to a trust company will help us prepare for whatever changes the future holds. And we will continue to ask the same question we began asking 26 years ago: what do our families need us to be and become?

❝

Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better.

ANTIFRAGILE: THINGS THAT GAIN FROM DISORDER

BY NASSIM TALEB

❝

All great family offices eventually become trust companies.

FAMILY WEALTH: KEEPING IT IN THE FAMILY

BY JAMES E. HUGHES, JR., CHAIRMAN OF THE ARLINGTON ADVISORY BOARD

FOUNDED 1998 Investments, Wealth Management Services

2002

Private Trust Company acquired

2007 Tax and Accounting Services added

2017 Generational Wellbeing Services formally offered

2021

Perpetual Purpose Model implemented

2023

Arlington Trust Company becomes core service platform

INVESTMENT BY DESIGN

For over two decades Arlington’s Investment Office has helped families grow, preserve, and regenerate their financial capital. We build investment solutions exclusively for Arlington client families. This is important because it means that we can create solutions to match what our clients need while also accounting for when our clients need results. The families we serve often properly think about investments not over years or decades, but lifetimes. This matches closely with the patience and intention in our investment philosophy and portfolio design. We hope you will find our approach is validated through the long-term investment results we present here.

DESIGN

INVESTMENT PHILOSOPHY

Appropriate investment philosophy begins with understanding the challenge for which you are solving. For us, our philosophy is defined by the very nature of the families we serve. Our Investment Office manages financial capital for families who already have fortunes. They do not need to create one, and they do not anticipate their funds being exhausted for spending or consumption.

Managing this kind of perpetual capital for families is unlike traditional investment management because of the nature of both its time horizon and its purpose. When families want capital to endure for generations of trust beneficiaries, or to fund charitable endeavors in their community over many future generations, we must design portfolios differently than traditional institutional managers who are often incentivized to think and manage only (at most) over the course of a career. In contrast, we must adopt an investment philosophy that thinks over much longer arcs of time—a perennial effort rather than a process with a defined end point.

Given this mindset, it’s easy to understand why we are so passionate about thinking of investing as an effort to own good assets that will generate sustainable long-term cash flows as opposed to buying stocks that are no more than symbols on a screen. Our approach is not just about buying public equities or private businesses—though that is very important—it is also a mindset we use when investing in real estate, bonds, and other assets that create flexibility and currency

to buy other assets and sustain required cash for spending and taxes.

Active and passive investing both have a place in a portfolio in today’s market environment. The less efficient the asset class, the more active management makes sense if coupled with the right managers. Whether buying a public or private holding directly or through a manager, we steadfastly apply our People, Process, and Price checklist. We look for people or leaders with character and competence. We look for managers and operators that follow a specific process. We believe a fair entry price for a holding is paramount both to long-term returns and downside protection.

Risk management is a mindset ingrained in our company culture and investment philosophy. We invest our own capital bearing the same risks as our clients. We refrain from speculation—a discipline which has precluded us, since our founding, from investing in areas such as early-stage venture capital, cryptocurrencies, and SPACs.

We evaluate and then reevaluate client exposures and manage those with proper portfolio positioning and investment sizing. Most importantly, we test our assumptions often and question where we might be wrong. This prevents us from carrying inadvertent risks in the portfolio and ensures we are ready to adapt to change. Our thinking is further tested through our external investment committee which includes independent members from both the US and the UK.

PORTFOLIO DESIGN

Your portfolio design demands a customized asset allocation—this is how we match the purpose and time horizon of your assets with specific solutions. We follow a consistent and disciplined approach in tailoring portfolio allocations to the individual needs of each client while also seeking maximum efficiency and flexibility.

That is why, early in our history, we created pooled vehicles to fulfill certain core portfolio strategies on behalf of client families. This approach allows for a higher level of focus and accountability in measuring returns and managing taxes and costs, while reducing complexity and reinforcing long-term thinking for client families and our Investment Office.

Three of these core portfolio strategies have now been in existence at least 15 years and are summarized in the below chart.

PERFORMANCE: THE TORTOISE WINS

Early on we learned an important investing principle from Howard Marks, the famed Oaktree Capital investor in credit. Marks often tells the story of a manager who generated relatively average annual performance (25-50th percentile) each year but, by doing so, after a 15-year period the manager ranked among the top managers in the field. The principle this illustrates—which is at the core of our investment philosophy—is that for families with perennial investment time horizons, success comes not from chasing the highest returns in any given quarter or year, but rather from the disciplined pursuit of the best returns that can be sustained over time.

Our commitment to you for the next 15 years (and beyond) is to aim to “win the race” by continuing to invest with the same purpose and the same

CUMULATIVE

RETURN

These are compared to an

Our focus has been on lower middle market

We have outlined the net multiple on invested capital (MOIC) with each of our pooled private equity funds with more than 15 years of existence and compared those multiples to an illustrative Cambridge Fund of Funds peer group.

Results are not possible without a capable team with the proper focus and like-minded client families. We are very fortunate to have both. Over the next decade, our most important role is to continue to compound our patience, discipline, and judgment.

REIMAGINING PHILANTHROPY

WITHIN THE Family System

MORE THAN JUST a tax write-off, more than just agreeing to support another deserving charity, philanthropy can be a powerful and integral component of a family’s overall wellbeing. It can engage and align multiple generations around collective and individual purpose while making a valuable impact on worthy causes and communities. Those generational opportunities, however, are often obscured by the pressure to engage or respond to an immediate crisis without having a clear understanding of what might help. Whether prompted by a genuine sense of responsibility or motivated by personal or spiritual gratitude, unguided giving can ultimately lead to anxiety around philanthropic impact or create unnecessary conflict within families. That stress coupled with a lack of planning, often means that the most recent, the most persistent, or the most personal requests are likely to be funded. The very best of intentions can be channeled into in-themoment obligations instead of directed toward values-aligned, long-term projects with worthy organizations and initiatives.

Arlington’s approach to philanthropy not only attempts to reduce that stress and anxiety, it works to ensure that giving becomes a truly meaningful part of a family’s generational relationship with wealth. Anchored in the Greek term’s original meaning— which combines “philos” (love) and “anthropos” (humanity)— Arlington focuses on strategic philanthropy as a way for families to put their “love of humanity” into action. Through this lens, the sense of obligation, the scattershot decisions, and the emotional baggage frequently associated with charitable activities are reframed as disciplined and deliberate actions to improve community and society.

Arlington focuses on strategic philanthropy as a way for families to put their ‘love of humanity’ into action.

Rob Kaufold, who recently joined Arlington as Director of Philanthropic Services, says that linking a family’s charitable giving to issues and initiatives that truly matter to them is the first step in creating a focused philanthropy strategy. “It doesn’t have to be daunting,” Kaufold says about his work with families. “We often talk about philanthropy as a ripple. Once a family knows the work it wants to pursue, opportunities to engage will appear. Sometimes, the family will create the ripple—tossing the first stone in the water to initiate a ripple that starts the work and brings attention to the challenge. Many times, they will join with others to extend, adapt, or strengthen the ripple in motion. Both are critical towards building meaningful change in communities.” That metaphor is already resonating with Arlington families and stirring conversations about the significant impact families can have both individually and collectively.

Going forward, Arlington will be even more focused on supporting families as they discover and execute their philanthropic plan. Like all aspects of the firm’s work, that means designing programs and processes that support the family’s learning and lead to impactful outcomes. Instead of simply helping families field the many requests they receive for annual support, instead of just helping accommodate charitable asks as they arise, Arlington has launched an integrated philanthropy practice. The practice, which Kaufold leads, is yet another facet of Arlington’s comprehensive support of families’ generational wellbeing.

A TEAM OF LEADERS

Today and Tomorrow

People matter most. From the beginning, our guiding principles set Arlington apart from other firms. But it has always been our people who do the work of making those principles real every day. Over the years, we’ve created an extraordinary culture of professionals who are talented, principled, and passionate about serving others. We believe in continually developing and investing in our team because we’ve seen the fruit of that commitment—for our family and for yours. This year, we’re proud to highlight a few colleagues who are shaping the next era of Arlington leaders.

John Lueken Partner and President of Arlington Nashville

John’s talent and impressive background—ten years at Goldman Sachs, an MBA from Columbia University’s renowned Applied Value Investing program, and a key role at a Nashville asset management firm—could take him anywhere. But it was Arlington’s distinct, long-term approach to stewarding generational wealth that piqued his interest. “Culture got me here and culture keeps me here,” John says. As President of the Nashville office, John applies his expertise, enthusiasm, and insight to “help build generationally great families.” Recently named Partner, John is equally humbled and energized by the responsibility of stewarding the firm. Outside of Arlington, you’ll find him bringing the same energy to the relationships that matter most. Whether he’s packing his three kids into the car for a 1,500-mile trip through Ireland or tackling his Italian family’s ravioli-making tradition every year, John lives out the importance of family.

When Arlington families began looking for a more engaged approach to philanthropy, one that prioritizes impact, Arlington Founder & CEO Ken Polk knew it was time for Rob Kaufold to join the team. “I’m on a mission to execute philanthropic work in a meaningful way,” says Rob. Although he began his career in accounting and insurance, Rob eventually went on to lead a single-family office in Colorado, where he earned a Master’s in Philanthropic Studies and developed deep expertise in philanthropic advisement. Rob joined Arlington this past year and has already started to infuse bold, entrepreneurial ideas into our philanthropic practice. He helps families find efficient, effective pathways to accomplish philanthropic work in whatever areas inspire them. Rob lives in Colorado with his wife of 30 years and enjoys spending time with his two grown daughters.

Even though clients may never meet her, Hannah is one of the most impactful team members at Arlington. In addition to directing an operations team that touches every single client transaction, Hannah is motivated by a genuine love of serving others and developing team members. “I love helping people feel good at their job and be good at their job,” she says. A CPA with public accounting and hedge fund experience, Hannah leads her team of six with focus and ambition. Since Hannah and her family traded the frenetic pace of NYC for Birmingham in 2021, she has enjoyed the fulfillment of her rewarding work with Arlington—and a rich work/life balance that leaves space for travel, exercise, entertaining, church, and spending time with her husband and two young children.

Bill Levant, CFA Chief Investment Strategist

When Bill joined Arlington in 2007, he was team member number nine. From that key vantage point, he has both witnessed and shaped Arlington’s significant growth over the years. Today, he serves as Chief Investment Strategist, helping manage investments for client families. Bill’s experience and passion for developing team members have earned him a reputation for mentorship. “My job is to not only serve our families but also grow the next generation of investment professionals within Arlington,” explains Bill. He dedicates plenty of time in and out of the office to nurturing his team’s growth in career and character. Beyond Arlington, Bill’s heart for serving others guides his volunteer work at his church and other non-profits. A proud father and grandfather, Bill shares his love of family, travel, fitness, and Auburn football with his wife.

Family is the top priority for Lisa—both in and out of work. As Controller, Lisa balances accounting and operations and supports Arlington by providing financial analysis, fund valuations, and audit oversight. But it’s her genuine care and positivity that makes her role so meaningful. “Arlington is an extension of my own family,” Lisa explains, and she shows up for her colleagues and client families with the same kindness, energy, and support she gives to her own family. Married for 33 years to her best friend with three grown children, one grandchild, and another grandchild on the way, Lisa embraces life’s adventures with enthusiasm, filling her free time with sports, travel, and home renovation. Always quick to help younger colleagues grow and succeed, Lisa often shares this advice: “Get out of your comfort zone—that’s where you grow and great things happen.”

Hannah Basik, CPA Director of Trust Operations

Lisa Diehl, CPA Controller

Rob Kaufold Director of Philanthropic Services

ROUND TABLE

WITH HANNAH BASIK, Director of Trust Operations

CHAD BRAND, Senior Investment Analyst AND JUSTIN CURETON Senior Manager, Tax Services

Q: What’s something new you want to try this year? Any new habits or routines?

HB: “After my second child was born last year, I got into the habit of waking up way before my kids. I try to be intentional about how I spend this time and it’s taught me a lot about the importance of starting the day with a routine, so I plan to continue it.”

CB: “I've always enjoyed an early morning workout to get my mind and body energized and focused. However, my wife and I are expecting our first child in April, so I expect my new routine will involve lots of diaper changes and bedtime stories.”

JC: “I’d like to try some form of consistent meditation. I’m an ’achiever’ on the Enneagram and I’ve read it’s a good practice for achievers to focus on being still without a task to accomplish. I’m also trying to dunk before I’m 40 (I’m 36 now). Pray for my knees.”

Q: How do you cultivate intentionality with your family?

HB: “My husband and I have a rule where after the kids go down, we put away all screens for an hour or so. This is hugely beneficial in keeping us engaged in each other’s daily lives.”

CB: “My wife and I have what we call 'team meetings' each Sunday. We block off time to review the past week and plan for the week ahead. This time creates a natural opening for more serious conversations and goal setting to keep us on the same ‘team.’”

JC: “My wife introduced a calendar for our family activities this year. It keeps us on the same page with scheduling, but also intentional in not overscheduling our weeks.”

Q: It’s said that one of the greatest luxuries in life is time. If you have a few hours of free time, how do you prefer to spend it?

HB: “Free time? What’s that?

I’m kidding. Few things make me happier than going to a workout class and grabbing a coffee after.”

CB: “When the weather is nice, I love taking our golden retriever, Stella, on walks. Otherwise, I enjoy sinking into the couch and

watching a movie—especially those based on true stories.”

JC: “I always enjoy playing basketball, planting things out in the yard, or reading.”

Q: When you’re in the initial stage of planning something, what do you reach for first?

HB: “I’m not a big tactile person, so usually my phone or laptop.”

CB: “Always paper. It gives me more freedom to sketch out all possible solutions to a problem.”

JC: “Excel, typically (nerd alert). Paper if I’m trying to analyze something more visually driven.”

Q: Part of well-designed living is planning. Can you share any times when things didn’t go according to plan… but in a wonderful or unexpected way?

HB: “Never in a million years did I see myself planting roots in Birmingham. But now I can’t imagine living anywhere else.”

CB: “I got married in May 2020— during the first few months of the COVID-19 pandemic. Our originally planned wedding, with all of our friends and family, quickly became an intimate wedding with just our immediate families and wedding party. Looking back, we couldn’t imagine it any other way.”

JC: “My wife and I bought a house about two years ago. We spent so much time planning the changes we wanted to make, and then we didn’t end up changing much. It came

together nicely, but looking back, it was a huge investment of time and energy.”

Q: Fill in the blank: ’By design’ perfectly describes how Arlington “______________________.”

HB: “operates.”

CB: “serves families.”

JC: “determines if a potential client is a good fit or not.”

Q: On a more literal note about design: Do you have any strong opinions about interior design or architecture? Do those ideas about composition and style relate to how you work with families?

HB: “It’s funny you ask—I have a huge passion for both. The endless possibilities on how to create a beautiful space with different materials, lines, or colors relates to the fun creativity that comes into play when we are strategizing on how to effectively innovate on the client’s behalf.”

CB: “I have always been drawn to the art and architecture of the Renaissance period, like the Sistine Chapel and St. Paul's Cathedral. Their ability to structurally stand across generations, both functionally and artistically, proves what intentional planning and execution can achieve.”

JC: “I like the approach that Arlington takes by designing spaces that are minimal and clean. A noncluttered space portrays a sense of organization and simplicity in an industry that can be scattered and complex.”

SAID READ & Heard

INSPIRATION IS ALL AROUND US.

The pursuit of knowledge never ends—and always rewards. Similar to many of our clients, the Arlington team shares a love for exploring the world through ideas, information, and perspectives that encourage and challenge us. This year was no exception, and we’re excited to recommend a few of our favorite books and podcasts from 2023.

We hope they’re as illuminating for you as they were for us.

Podcasts

HBR on Leadership

By Harvard Business Review

Who better than the Harvard Business Review to illustrate some of today’s most effective, applicable leadership strategies? Inspiring without being overly academic, these approachable case studies break down the art and science of leading through conversations with top management experts around the world.

Katherine Gast Business Operations Manager

Books

The Love Prescription

By John Gottman, PhD and Julie Schwartz Gottman, PhD

‘Love’ may not be the most talked about business management concept, but when it comes to managing families and relationships, understanding it is key. Based on 40 years of research with a wide range of couples, this deep dive into the building blocks of love outlines clear, actionable steps that are at once simple and powerful.

Elliot Robbins

Partner and Chief Fiduciary Officer

Business Wars

By Wondery

Stolen recipes. Family secrets. Decades-long vendettas. This entertaining and enlightening series exposes the business-defining battles raging behind the scenes between some of the market’s biggest rivalries. More than just salacious corporate drama, each episode spotlights both the power and the danger of high-stakes commercial competition.

Brooke Bruner Head of Client Accounting Services

The Boys in the Boat

By Daniel James Brown

A fictionalized account of the inspiring, improbable tale of nine working-class young men who fought to win a gold medal in the 1936 Berlin Olympics, this beautifully told story mixes heated geopolitics and heartbreaking family dynamics to illustrate what so many of us hope to impart to our families: the importance of hope and the undefeatable power of grit and tenacity.

Stephen Rowe Partner and President

Being Mortal

By Atul Gawande

Life and living it well is the focus of so many of our conversations with families. Surgeon Atul Gawande’s thoughtful study of medicine toward life’s end, including a poignant examination of its limits and failures, paints a clear-eyed picture of considerations about living and concluding your very best life.

Megan Wilson Family Wealth Advisor

INVESTED

Arlington approaches its own philanthropy with the same principles in mind that we advocate with families: deep intentionality and deliberate alignment with passion and priorities. Over the last year, our charitable giving has once again prioritized families, but with particular focus on children and education. Our team is proud to support the health, wellbeing, and education of children by giving to these local and regional partners.

Our support of Restoration Academy and Spring Valley School aligns with our belief that the most effective solutions are individualized and personalized. Restoration’s commitment to that is clear in their work to meet students at their point of need through dynamic instruction and sports that help kids grow into their full potential. Spring Valley, an independent coeducational and college preparatory school, tailors their education to the needs of bright students with learning differences.

Character-building is a key aspect of Arlington’s generational perspective, so our gifts and volunteering with Cornerstone Schools of Alabama, a K4-12th grade Christian educator, allow us to support personal development in a Christ-centered environment.

The work of Birmingham’s Holy Family Cristo Rey Catholic High School resonates with so many of us at Arlington because of their focus on work ethic and real-world results. Our contributions this year supported academic programming as well as corporate workstudy opportunities that empower students from economically challenged communities to graduate high school so they can flourish in college and life.

Arlington is also proud of the involvement and hands-on support our team has provided to area organizations through firm-wide service projects. Some of that outreach focuses on hunger, such as volunteering with The Community Food Bank of Central Alabama ’s efforts to provide emergency access to food in 12 counties across central Alabama, and our help with IPC Food Ministry’s Weekend Buddy Bag program that provides more than 300 meal bags a month to Hayes K-8 students who would otherwise go without. In addition to addressing basics like food, team members also volunteered to help provide shelter in safe, stable, and supportive environments for those in need. Some contributed time with Grace House , which supports young women in foster care to help them end cycles of poverty and abuse, as well as First Light Shelter , which provides emergency housing and long-term housing assistance to women and children experiencing homelessness.

More than just standard corporate giving and outreach, these focused efforts reflect the genuine commitment of our passionate team members to our surrounding communities and our neighbors who call them home.

We will help you prepare your family for the future as it will be.

BIRMINGHAM OFFICE

2000 Morris Avenue, Suite 1300

Birmingham, AL 35203

(+1) 205.488.4300

NASHVILLE OFFICE

515 Church Street, P.O. Box 703 Franklin, TN 37064

(+1) 615.601.3861

Arlington Family Offices (or “AFO” or “Arlington”) is a trade name under which Arlington Trust Company, LLC and its affiliates provide multi-disciplinary services to selected ultra-high net worth families. Trust, fiduciary, investment advisory and custody services are provided to Family Office Clients by Arlington Trust Company, LLC, and selected professional tax services are provided to Family Office Clients by Arlington Associates, LLC. “Assets Under Stewardship” includes all public and private assets custodied or administered by Arlington, and other assets for which Arlington provides investment advice or strategic advice such as estate planning or tax planning counsel.