THE RICE PARTNERSHIP, LLC

THE RICE PARTNERSHIP, LLC This brochure provides information about The Rice Partnership, LLC’s qualifications and business practices. If you have any questions about the contents of this brochure, please contact us at 808-585-7788 or by email at email@thericepartnership.com. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission (SEC) or by any State Securities Authority. Additional information about The Rice Partnership, LLC is also available at the SEC’s website www.adviserinfo.sec.gov (select “investment adviser firm” and type in our firm name). Results will provide you both Part 1 and 2 of our Form ADV. We are a Registered Investment Advisor Firm. Our registration does not imply any level of skill or training. The oral and written communications we provide to you, including this brochure, are for you to evaluate us. Please use this information as factors in your decision to hire us or to continue our business relationship. ITEM 1 – COVER PAGE ADV PART 2A A u g u s t 1 5 , 2 0 2 5 C R D # : 2 8 8 4 8 4 M a i n : 1 0 9 9 A l a k e a S t r e e t , S u i t e 2 5 1 0 , H o n o l u l u , H a w a i i 9 6 8 1 3 D a i r y C e n t e r : 4 4 4 H a n a H w y . , # 2 0 3 , K a h u l u i , M a u i , H a w a i i 9 6 7 3 2 1 3 0 4 S A N T A R O S A S T R E E T , S A N L U I S O B I S P O , C A L I F O R N I A 9 3 4 0 1 1 0 4 G A T E W A Y C E N T E R D R I V E , S U I T E C , P A S O R O B L E S , C A L I F O R N I A 9 3 4 4 6 EMAIL@THERICEPARTNERSHIP.COM H o n o l u l u : ( 8 0 8 ) 5 8 5 - 7 7 8 8 M a u i : ( 8 0 8 ) 4 4 6- 8 2 9 9 C a l i f o r n i a : ( 8 0 5 ) 5 1 7- 4 1 2 2 WWW.THERICEPARTNERSHIP. C O M  ITEM 2 – MATERIAL CHANGES This brochure dated August 15, 2025, has been prepared by The Rice Partnership, LLC to meet SEC requirements. This section of the brochure will address only those “material changes” that have been incorporated since our last annual posting of this document dated March 26, 2025 on the public disclosure website (IAPD) www.adviserinfo.sec.gov. There are no material changes since our last amendment. ITEM 3 – TABLE OF CONTENTS ADV PART 2 A BROCHURE PAGE 2 OF 16  ITEM 1 – COVER PAGE ADV PART 2A ................................................................................................................................................................................ 1 ITEM 2 – MATERIAL CHANGES .......................................................................................................................................................................................... 2 ITEM 3 – TABLE OF CONTENTS .......................................................................................................................................................................................... 3 ITEM 4 – ADVISORY BUSINESS .......................................................................................................................................................................................... 4 ITEM 5 – FEES AND COMPENSATION ................................................................................................................................................................................ 5 ITEM 6 – PERFORMANCE-BASED FEES AND SIDE-BY-SIDE MANAGEMENT ....................................................................................................................... 7 ITEM 7 – TYPES OF CLIENTS .............................................................................................................................................................................................. 7 ITEM 8 – METHODS OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS ............................................................................................................ 7 ITEM 9 – DISCIPLINARY INFORMATION ........................................................................................................................................................................... 11 ITEM 10 – OTHER FINANCIAL INDUSTRY ACTIVITIES AND AFFILIATIONS ........................................................................................................................ 11 ITEM 11 – CODE OF ETHICS, PARTICIPATION OR INTEREST IN CLIENT TRANSACTIONS AND PERSONAL TRADING ......................................................... 12 ITEM 12 – BROKERAGE PRACTICES ................................................................................................................................................................................. 12 ITEM 13 – REVIEW OF ACCOUNTS .................................................................................................................................................................................. 13 ITEM 14 – CLIENT REFERRALS AND OTHER COMPENSATION .......................................................................................................................................... 14 ITEM 15 – CUSTODY ........................................................................................................................................................................................................ 15 ITEM 16 – INVESTMENT DISCRETION .............................................................................................................................................................................. 16 ITEM 17 – VOTING CLIENT SECURITIES ........................................................................................................................................................................... 16 ITEM 18 – FINANCIAL INFORMATION ............................................................................................................................................................................. 16 ADV PART 2 A BROCHURE PAGE 3 OF 16  ITEM 4 – ADVISORY BUSINESS 4a: Firm Description The Rice Partnership, LLC was established in July 2005. Our main office is located in Honolulu, Hawaii. 4a1: Principal Members  Orest V. Saikevych, Chief Investment Officer: Mr. Saikevych can be reached via phone (808) 585- 7788 or email orest@thericepartnership.com  Bonnie F. Rice, CTFA®, ChFC®, Director of Private Client Services : Ms. Rice can be reached via phone (808) 585-7788 or email bonnie@thericepartnership.com 4b: Types of Advisory Services The Rice Partnership, LLC offers a variety of investment advisory services to our clients. We tailor our advice and services to your objectives, means and timelines. We will create a document that will precisely define the types of services we are providing, our role in providing those services to you and how we may carry out those services for you. Client services include: Investment Strategies Investment and Financial Planning    Estate Planning  Investment Policy Statements  Ongoing Portfolio Monitoring  Capital Needs Analysis As part of our investment advisory services, The Rice Partnership, LLC, may recommend that you use the services of a third party investment adviser to manage a portion or all of your investment portfolio. Factors that we take into consideration when making our recommendation(s) include, but are not limited to, the following: performance, methods of analysis, fees, your financial needs, investment goals, risk tolerance, and investment objectives. We will monitor performance to ensure its management and investment style remains aligned with your investment goals and objectives. Financial Planning The Rice Partnership offers financial planning services as part of its advisory services. The financial plan may include specific financial and investment strategies as well as specific/product recommendations, including equity, fixed income, insurance products, as well as asset allocation recommendations. At no time, however, is the client under any obligation to implement any of the suggestions outlined in the financial plan. Rather, implementation of a client’s financial plan is solely at the client’s discretion. Estate Planning To the extent requested by the client, The Rice Partnership offers estate planning assistance as part of its investment advisory services. TRP does not hold itself out as providing estate planning services separately from its primary service of investment management. Estate planning assistance generally includes an estate plan review in coordination with third-party service providers, specifically estate planning attorneys and online estate planning services. TRP works with these service providers to develop a tailored estate plan which takes into consideration a client’s risk profile and objectives and can include the following: creation of trust and transfer documents, drafting of power of attorney documents, property agreements, wills, and other documents. For select clients, TRP also offers credits for reimbursement of estate planning legal work performed by the third- party service providers. TRP will provide credits based on a number of extenuating circumstances including advisory agreement provisions, specific need, unique conditions, assets under management, client relationship, emotional state, and other qualitative and quantitative factors. The credits associated with these types of services have expanded since the firm’s inception, and as such, not all clients have access to the same level of credits. The client is under no obligation to engage the services of any such recommended attorney or online ADV PART 2 A BROCHURE PAGE 4 OF 16  platform. If the client engages any such recommended attorney or platform, and a dispute arises thereafter relative to such engagement, the Client agrees to seek recourse exclusively from and against the engaged attorney or online document prep platform. TRP does not provide tax or legal advice as part of its estate planning services. Securities-Backed Loans To the extent requested by the client, The Rice Partnership, LLC will assist clients in obtaining a Securities-Backed Loan. In these situations, the client acknowledges the potential risks and implications of obtaining a Securities- Backed Loan including (i) the potential impact of market downturns on the Securities-Backed Loan and the possibility of a required sale of securities, (ii) the potential tax implications of the Securities-Backed Loan if securities are sold, and (iii) the potential impact of rising interest rates on the cost of the Securities-Backed Loan. TRP is not responsible for the ultimate effects of obtaining a Securities-Backed Loan on any account managed by TRP. 4c: Client Tailored Relationships and Restrictions As a fiduciary, The Rice Partnership, LLC always acts solely in your best interests. Your portfolio is customized based on your investment objectives. You may make requests or make suggestions regarding the investments made in your portfolio. Restrictions on trading which, in our opinion, are not in your best interest cannot be honored and if forced may result in the termination of our agreement. Similarly, you are under no obligation to act upon The Rice Partnership, LLC's or associated person's recommendations. If you elect to act on any of the recommendations, you are under no obligation to effect the transaction through The Rice Partnership, LLC or its associated person when the person is an agent with a licensed broker-dealer or through any associate or affiliate of such person. 4d: Wrap Fee Program The Rice Partnership, LLC does not participate in a wrap fee program. 4e: Assets under Management (AUM) The Rice Partnership, LLC, as of December 31, 2024, has $752,746,990 in discretionary reportable assets under management and $33,079,394in non-discretionary assets under management for a total of $785,826,384 assets under management. ITEM 5 – FEES AND COMPENSATION 5a: Tiered Fee Schedules Equity and Balanced Accounts Fee Schedule Assets Under Management Annual Fee (%) Less than $5,000,000 1.00% $5,000,000 and above Negotiable Fixed Income Only Fee Schedule Assets Under Management Annual Fee (%) Up to $5,000,000 0.60% $5,000,001 and above Negotiable ETF Asset Allocator Only Fee Schedule ADV PART 2 A BROCHURE PAGE 5 OF 16  Assets Under Management Annual Fee (%) All Assets 1.00% For purposes of determining value, securities and other instruments traded on a market for which actual transaction prices are publicly reported are valued at the last reported sale price on the principal market in which they are traded (or, if there are no sales on that date, then at the mean between the closing bid and asked prices on that date). Other readily marketable securities are priced using a pricing service or through quotations from one or more dealers. All other assets are valued at fair value by The Rice Partnership, LLC, whose determination shall be conclusive. We may modify the terms in this section with at least 30 days prior written notice. Notwithstanding the above, fees are generally negotiable. Compensation for our services will be calculated in accordance with what is set in the client’s agreement. We may modify the terms of any agreement with at least 30 days prior written notice. Delaware Statutory Trust 1031 Exchanges executed through a Delaware Statutory Trust (DST) will be billed at a rate of 60 basis points (0.60%) annually. The majority of DST investments are valued monthly or quarterly, The Rice Partnership will bill on the most recent valuation quarterly. There are some DST Investments that are only valued when the property is sold, for these investments The Rice Partnership will charge an annual fee based on the initial value and will bill quarterly. The Rice Partnership provides ongoing monitoring of the value of the investment, income produced from cash distributions, and diligence on the manager. Estate Planning Individual estate planning projects are prepared and provided to clients at a fee of $1,000. For account sizes greater than $1,000,000, the estate planning fee is negotiable. The Rice Partnership utilizes a third party for estate planning services. If updates are needed to a client’s estate, the third party will refer the client to an estate attorney. All fees from the attorney will be charged directly to the client. 5b: Fee Payments Options TRP’s agreement generally authorizes TRP to debit the client’s brokerage account for the amount of TRP’s management fee and to directly remit the management fee to TRP. In some cases, The Rice Partnership, LLC fees are paid from your account by the custodian when we submit an invoice to them. The invoice we submit shows the amount of fees, the value of your assets on which the fees are based, and the specific manner in which the fees are calculated. If there is insufficient cash in your account, securities may be sold. In addition to our fees, there may be custodial, mutual fund or similar third party management fees and charges. 5c: Third Party Fees You are responsible for the payment of all third party fees (i.e. custodian fees, mutual fund fees, transaction fees, subadvisory etc.). Those fees are separate and distinct from the fees we charge. Regarding subadvisory fees, please see Item 10d below for additional information. All brokerage commissions, stock transfer fees, and other similar charges incurred in connection with transactions for the account will be paid out of the assets in the account and are in addition to the investment management fees paid to us. While we take measures to ensure the fees charged are accurate, it is your responsibility to ensure the amount of fee charged is correct. In addition to statements sent by us, you will receive statements directly from these brokers, custodians or mutual funds or other investments you hold. We strongly urge you to compare these statements for accuracy. Item 12 further describes the factors that TRP considers in selecting or recommending broker-dealers for client transactions and determining the reasonableness of their compensation (e.g. commissions). 5d: Fee Payments Investment Management Fees ADV PART 2 A BROCHURE PAGE 6 OF 16  The Rice Partnership, LLC fees are paid quarterly in advance. Our fee is equal to the agreed upon rate per annum, times the market value of the account, divided by four (4). The market value is the sum of the values of all assets in the account, not adjusted by any margin debt. Fees for partial quarters at the commencement or termination of Wealth Management Agreement will be billed or refunded on a pro-rated basis contingent on the number of days the account was open during the quarter. Quarterly fee adjustments for additional assets received into the account during a quarter or for partial withdrawals will also be provided on the above pro rata basis. 5.d. 1: Termination Either The Rice Partnership, LLC or our clients can terminate our agreement upon receipt of written notice to the other party. When an agreement is terminated, we will refund any pre-paid, unearned wealth management fees based on the number of days remaining in the quarter after termination. Refunds will be made within 30 calendar days of the effective date of termination. When an agreement is terminated, all assets may need to be transferred from the current custodian. You will be responsible for paying all fees including full quarterly custodial administrative fees, account closure fees, mutual fund fees and all trading costs due to the termination. Custodian may assess additional fees for transfer of illiquid investments. If there is insufficient cash in the account, the liquidation of some securities may be used to pay the fees. Prior to termination of an agreement, we can provide a good-faith estimate of these fees. 5e: Other Investment Compensation The Rice Partnership, LLC does not accept commission for the sale of securities or other investment products, including asset-based sales charges or service fees from the sale of mutual funds. ITEM 6 – PERFORMANCE-BASED FEES AND SIDE-BY-SIDE MANAGEMENT The Rice Partnership, LLC does not charge advisory fees on the performance of funds or securities in your account. ITEM 7 – TYPES OF CLIENTS The Rice Partnership, LLC generally provides asset management to the following types of clients: Individuals   High-Net-Worth Individuals  Pension and Profit Sharing Plans  Businesses and corporations  Charities Minimum Account Size The Rice Partnership, LLC does not have an account minimum. However, we may decline to accept clients with smaller portfolios. ITEM 8 – METHODS OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS 8a: Analysis The Rice Partnership, LLC uses multiple sources of information to obtain analysis and strategies. They include sources such as financial newspapers, financial magazines, research prepared by others, corporate rating services, prospectuses, company press releases, annual reports, Wall Street Research and filings with the SEC. ADV PART 2 A BROCHURE PAGE 7 OF 16  8b: Investment Strategies At The Rice Partnership, LLC our mission is to provide wealth management solutions to individuals and charitable organizations. We focus on customized solutions to preserve, enhance; and, when possible, perpetuate our client's wealth. We are an independent, fee-only, privately held company wholly owned by its employees, and our goal is to help our clients to be good stewards of their capital. We invest the time to understand our clients. We can provide multiple services or single solutions depending on client’s objectives, utilizing our internal resources and coordinating with other world class vendors. Overview of Products & Services  Asset Management o Portfolio Planning and Allocation o Core Investment Management o Strategic Partnerships for Satellite Strategies Individuals: Tax & Estate Planning  Strategic Advice o o Business Owners: Sale, M&A, Stock Sales/Liquidity, Capital Market Options o Foundations/Non-Profits: Consultant Selection, Multi-Manager Coordination  Multi-Family Office Services – Turn-key Family Office Solutions  Asset management – Portfolio Planning Core U.S. Equity Our core equity strategy is tax aware and based on fundamental analysis of companies with free cash flow, growing markets and strong balance sheets. Our approach is long term with low turnover, as we consider ourselves “Investors” not “Traders”. We also consider Macro themes such as economic analysis and global trends. Active Fixed Income Management Our fixed income approach is characterized by finding high quality issues on the most attractive part of the yield curve. We are active in yield curve (duration) management as well as cash flow management. We will also strategically use exchange-traded fixed income index funds and mutual funds. International ETF Portfolio We utilize low cost exchange traded index funds (ETF’s) to build inexpensive and liquid global portfolios.  ETF’s are inexpensive – The expenses incurred in managing a fund directly impact the fund’s performance. The lower the expense ratio, the less drag on a fund’s performance. Low expense ratios are one of the screens we use in selecting our ETF’s; our weighted average expense ratio is roughly 24 basis points.  ETF’s are liquid – Because our strategy calls for periodic rebalancing among asset classes, it is important that the instrument we use be liquid and easily tradable. ETF’s trade actively on an exchange (the American) just like shares of common stock.  ETF’s provide diversification – Global diversification and asset allocation can be achieved in a very cost effective manner for smaller portfolios as compared to individual securities. Satellite Strategies We have strategic relationships with other world class managers to offer satellite strategies that complement our core discipline in emerging markets, international small cap, commodities, real estate emerging market debt high yield debt and alternative investments. ESG Investing Sustainable investing focuses on companies that demonstrate adherence to environmental, social and corporate governance (“ESG”) principles, among other values. There is no assurance that social impact investing can be an effective strategy under all market conditions. Different investment styles tend to shift in and out of favor. In ADV PART 2 A BROCHURE PAGE 8 OF 16  addition, a strategy’s social policy could cause it to forgo opportunities to gain exposure to certain industries, companies, sectors, or regions of the economy which could cause it to underperform similar portfolios that do not have a social policy. The Rice Partnership does not select the underlying securities that an external manager may include in their ESG or related portfolios. Instead, we rely on the external manager to have stated ESG objectives for their strategies and a written ESG and/or Responsible Investment policy before we consider investing your assets in such products. Delaware Statutory Trusts Upon request, The Rice Partnership will review client real estate portfolios. In the event that a client decides to sell real estate, the client may consider a 1031 exchange for tax purposes. As part of the Firm’s services, The Rice Partnership can provide guidance on a 1031 exchange options that may utilize one or more Delaware Statutory Trusts (“DST”). A DST is a legal entity created under the laws of Delaware that allows an investor to hold the title to one or more income producing properties including but not limited to office buildings, retail spaces, and apartment complexes. The Rice Partnership will help our clients screen properties and assist in determining which properties may be suitable investments. Once a property is selected, The Rice Partnership will assist in facilitating the initial investment, and will monitor the income produced from cash distributions, along with the investment’s performance based on information provided by the manager on a periodic basis. 8c: Risk of Loss Investing in securities involves risk of loss that clients should be prepared to bear. In addition, as recent global and domestic economic events have indicated, performance of any investment is not guaranteed. As a result, there is a risk of loss of the assets we manage that may be out of our control. We use our best efforts and expertise to manage your assets. However, we cannot guarantee any level of performance or that you will not experience financial loss. The Rice Partnership, LLC will use our best judgment and good faith efforts in rendering services to you. We cannot warrant or guarantee any particular level of account performance, or that the account will be profitable overtime. Not every investment decision or recommendation made by us will be profitable. You assume all market risk involved in the investment of account assets under the Investment Advisory Agreement and understand that investment decisions made for this account are subject to various market, currency, economic, political and business risks. Except as may otherwise be provided by law, we will not be liable to you for (a) any loss that you may suffer by reason of any investment decision made or other action taken or omitted in good faith by The Rice Partnership, LLC with that degree of care, skill, prudence and diligence under the circumstances that a prudent person acting in a fiduciary capacity would use; (b) any loss arising from our adherence to your instructions; or (c) any act or failure to act by a custodian of your account. Nothing in this document shall relieve us from any responsibility or liability we may have under state or federal statutes. Specific risks are outlined in more detail below: Management Risks. While TRP manages client investment portfolios based on TRP’s experience, research and proprietary methods, the value of client investment portfolios will change daily based on the performance of the underlying securities in which they are invested. Accordingly, client investment portfolios are subject to the risk that TRP allocates client assets to individual securities and/or asset classes that are adversely affected by unanticipated market movements, and the risk that TRP’s specific investment choices could underperform their relevant indexes. Risks of Investments in Mutual Funds, ETFs and Other Investment Pools. As described above, TRP may invest client portfolios in mutual funds, ETFs and other investment pools (“pooled investment funds”). Investments in pooled investment funds are often considered less risky than investing in individual securities because of their diversified portfolios; however, these investments are still subject to risks associated with the markets in which they invest. In addition, pooled investment funds’ success will be related to the skills of their particular managers and their performance in managing their funds. Pooled investment funds are also subject to risks due to regulatory restrictions applicable to registered investment companies under the Investment Company Act of 1940. ADV PART 2 A BROCHURE PAGE 9 OF 16  ETF Risk: TRP may invest client assets in the securities of exchange-traded funds (“ETFs”). ETF securities are traded on an exchange, like shares of common stock, and the value of the ETF securities fluctuates in relation to changes in the value of the underlying portfolio of securities. The market price of the ETF securities may not be equivalent to the pro rata value of the underlying portfolio of securities. TRP may invest in broad-based ETFs and industry specific ETFs, and there may be certain risks to the extent a particular ETF is concentrated in a particular sector and is not as diversified as the market as a whole. ETF Tracking Risk: ETFs will not be able to replicate exactly the performance of the indices they track because the total return generated by the securities will be reduced by transaction costs incurred in adjusting the actual balance of the securities. In addition, the ETFs incur expenses not incurred by their applicable indices. Certain securities comprising the indices tracked by the ETFs may, from time to time, temporarily be unavailable, which may further impede the ETFs’ ability to track their applicable indices. Equity Market Risks. TRP will generally invest portions of client assets directly into equity investments, primarily stocks, or into pooled investment funds that invest in the stock market. The value of equity securities will decline from time-to-time due to daily fluctuation in the market. Stock prices change daily as a result of many factors, including developments affecting the condition of both individual companies and the market in general. General market decline in the stock prices for all companies may cause stock values to decline over longer periods (e.g. bear markets), regardless of an individual security’s long-term prospects. Fixed Income Risks. TRP may invest portions of client assets directly into fixed income instruments, such as bonds and notes, or may invest in pooled investment funds that invest in bonds and notes. While investing in fixed income instruments, either directly or through pooled investment funds, is generally less volatile than investing in stock (equity) markets, fixed income investments nevertheless are subject to risks. These risks include, without limitation, interest rate risks (risks that changes in interest rates will devalue the investments), credit risks (risks of default by borrowers), or maturity risk (risks that bonds or notes will change value from the time of issuance to maturity). Private Funds Risks. Private investment funds generally involve various risk factors, including, but not limited to, potential for complete loss of principal, liquidity constraints and lack of transparency, a complete discussion of which is set forth in each fund’s offering documents, which will be provided to each client for review and consideration. Unlike other liquid investments that a client may maintain, private investment funds do not provide daily liquidity or pricing. Each prospective client investor will be required to complete a Subscription Agreement, pursuant to which the client shall establish that he/she is qualified for investment in the fund, and acknowledges and accepts the various risk factors that are associated with such an investment. Alternative and Private Investments. TRP may use alternative investments when permitted by the particular client’s investment objectives. These funds may trade on margin or otherwise leverage positions, thereby potentially increasing the risk to the client. There are numerous other risks in investing in these securities. The client will receive a private placement memorandum and/or other documents explaining such risks. Delaware Statutory Trusts. TRP may assist clients in investing in 1031 exchanges through a Delaware Statutory Trust. This investment will allow a client to collect income from one or more commercial properties. There are certain risks associated with these types of investments that a client should consider, including complete loss of principal. Unlike certain real estate investments, a 1031 exchange does not allow an investor to control the commercial property. This lack of control over the operations and decisions of the property could result in a negative affect on the performance of the investment. Another risk to consider is illiquidity. Unlike other investments, 1031 exchanges through a DST does not allow daily liquidity and clients should consider if they are prepared to commit to their investment for an extended period of time. Other risks that are associated with these investments include regulatory risks as these investments are heavily regulated by the IRS and other authorities, and these investments are also subject to general economic factors that could negatively impact the performance of the investment. ADV PART 2 A BROCHURE PAGE 10 OF 16  ITEM 9 – DISCIPLINARY INFORMATION 9a: Civil or Criminal Actions The Rice Partnership, LLC and its managers have never been found guilty, convicted or plead no contest to a criminal or civil action in a domestic, foreign or military court. 9b: Administrative Enforcement Proceedings The Rice Partnership, LLC and its managers have never been found by the SEC, any other state or federal agency or any foreign regulatory agency to have caused loss of the ability of an investment-related business to do business or been sanctioned, barred or limited in investment-related activities. 9c: Self-Regulatory Organization Enforcement Proceedings The Rice Partnership, LLC and its managers have never been found by a self-regulatory agency to have caused loss of the ability of an investment-related business to do business. Additionally, The Rice Partnership, LLC and its managers have never been found in violation of self-regulatory agencies rules such that they were barred, suspended, limited in advisory functions or fined. ITEM 10 – OTHER FINANCIAL INDUSTRY ACTIVITIES AND AFFILIATIONS 10a: Broker Dealers and Registered Representatives The Rice Partnership, LLC is not registered as a broker-dealer and our employees are not registered representatives of any broker-dealer. 10b: Registration as a Futures Commission Merchant, Commodity Pool Operator, or a Commodity Trading Advisor Neither The Rice Partnership, LLC nor our employees hold any of the above registrations. 10c: Registration Relationships Material to this Advisory Business and Possible Conflicts of Interests Neither The Rice Partnership, LLC nor our employees have any relationships or possible conflicts of interest as it relates to this advisory business. Some or all members or employees of The Rice Partnership, LLC, may also provide advisory services under the subsidiary Wealthjar Investment Advisory, LLC. The Rice Partnership, LLC operates Wealthjar Investment Advisory, LLC as a subsidiary. The Rice Partnership will disclose any material conflict of interest relating to Wealthjar, The Rice Partnership, our representatives, or any of our employees which could reasonably be expected to impair the rendering of unbiased and objective advice. 10d: Selection of Other Advisors and How this Advisor is Compensated for those Selections Only in certain circumstances will The Rice Partnership, LLC select sub-advisors for client accounts. We are not paid commissions or other benefits for these selections. As indicated under Section 5c, the client will be responsible for paying all fees associated with any sub-advisor services being performed. ITEM 11 – CODE OF ETHICS, PARTICIPATION OR INTEREST IN CLIENT TRANSACTIONS AND PERSONAL TRADING 11a: Code of Ethics Description The Rice Partnership, LLC has adopted a Code of Ethics (the “Code”) for all supervised persons that governs a number of potential conflicts of interest we have when providing our advisory services to you. The Code is designed to ensure we meet our fiduciary obligation to you and to stress the importance of a culture of compliance within our firm. Clients or prospective clients may request a copy of the firm’s Code of Ethics at any time. ADV PART 2 A BROCHURE PAGE 11 OF 16  The Code sets forth standards for business conduct for The Rice Partnership’s associated persons. Under the Code’s standards of business conduct, The Rice Partnership expects its associated persons to put the interests of its clients first, ahead of personal interests. In this regard, associated persons are not to take inappropriate advantage of their positions in relation to The Rice Partnership’s clients. Additionally, the Code sets forth policies and procedures to monitor and review the personal trading activities of associated persons. From time to time, The Rice Partnership’s associated persons may invest in the same securities recommended to clients. This may create a conflict of interest because associated persons of The Rice Partnership may invest in securities ahead of or to the exclusion of The Rice Partnership’s clients. Under its Code, The Rice Partnership has adopted procedures designed to reduce or eliminate conflicts of interest that this could potentially cause. The Code’s personal trading policies include procedures for limitations on personal securities transactions of associated persons. These policies are designed to discourage and prohibit personal trading that would disadvantage clients. The Code also provides for disciplinary action as appropriate for violations 11b, c & d: Participation or Interest in Client Transactions The Rice Partnership, LLC, or its employees, may buy and sell some of the same securities for our own accounts that we buy and sell for our clients. In this occurrence, employees will trade alongside client accounts by participating in Prime Broker Aggregate trades, or after all of our clients’ accounts have been traded. In some cases The Rice Partnership, LLC, or its employees, may buy or sell securities for our own accounts and not for clients’ accounts, as it may not meet the objectives or plans for the client. The Rice Partnership, LLC will always maintain full disclosure with our clients so that you can make informed decisions. We will always evaluate our activity from the view of our clients to ensure that any and all required disclosures are made. For example, we will disclose anything that would cause you to be unfairly influenced to make any decision regarding actions or inactions in your account. ITEM 12 – BROKERAGE PRACTICES 12a: Selecting Brokerage Firms The Rice Partnership, LLC does not maintain custody of your assets that we manage. Your assets must be maintained in an account at a “qualified custodian,” generally a broker-dealer or bank. We are independently owned and operated and not affiliated with any of the custodians that we work with. The custodians will hold your assets in a brokerage account and buy and sell securities when we instruct them to. You may keep your existing custodian or we may recommend one for you. Should you accept our recommendation, you will enter into an account agreement directly with them. We do not open the account for you. How We Select Brokers/Custodians to Recommend We seek to recommend a custodian/broker who will hold your assets and execute transactions on terms that are overall most advantageous when compared to other available providers and their services. We consider a wide range of factors, including, among others, these:    combination of transaction execution services along with asset custody services (generally without a separate fee for custody) capability to execute, clear and settle trades (buy and sell securities for your account) capabilities to facilitate transfers and payments to and from accounts (wire transfers, check requests, bill payment, etc.)  breadth of investment products made available (stocks, bonds, mutual funds, exchange traded funds (ETFs), etc.)  availability of investment research and tools that assist us in making investment decisions  quality of services  competitiveness of the price of those services (commission rates, margin interest rates, other fees, etc.) and willingness to negotiate them ADV PART 2 A BROCHURE PAGE 12 OF 16  reputation, financial strength and stability of the provider their prior service to us and our other clients    availability of other products and services that benefit us, as discussed below (and Item 14) Recommending a broker-dealer may create a conflict of interest. Accordingly, Advisor has established the following restrictions in order to ensure its fiduciary responsibilities:  A director, officer, associated person, or employee of Advisor shall not buy or sell securities for her/his personal portfolio where her/his decision is substantially derived, in whole or in part, by reason of her/his employment unless the information is also available to the investing public or reasonable inquiry. No person of Advisor shall prefer her/his or her own interest to that of the advisory Client.  Advisor maintains a list of all securities holdings for itself and anyone associated with its advisory practice with access to advisory recommendations. These holdings are reviewed on a regular basis by an appropriate officer of Advisor.  Advisor emphasizes the unrestricted right of the Client to select and choose their own broker or dealer.  Advisor requires that all individuals must act in accordance with all applicable federal and state regulations governing registered investment advisory practices.  Any individual not in observance of the above may be subject to termination. Clients may direct us to use another broker-dealer or custodian which we may honor but are not obligated to honor. When a client wishes to direct brokerage to another broker-dealer/custodian, TRP may be unable to achieve most favorable execution of client transactions which may cost such clients more money. We recommend Schwab because we believe Schwab offers investment advisers like us a good blend of services, pricing, and security selection that are beneficial to our Clients and the services we provide to you. Based upon the types of securities we purchase and sell for Client accounts, we believe Schwab provides best execution and competitive commissions on transactions in equity securities, ETFs, and others. In addition, we are able to obtain access to institutional class shares of mutual funds that would otherwise not be available to our Clients, or to TRP, absent our participation in Schwab’s program. Charles Schwab & Company We participate in the Schwab Advisor Network program of Charles Schwab & Co., which provides client referrals to The Rice Partnership, LLC based on select criteria. Please see Item 14 for a further explanation of this program. 12.b: Sales Aggregation The Rice Partnership, LLC is authorized to aggregate purchases and sales and other transactions made for your account with purchases and sales and other transactions in the same or similar securities or instruments for other clients of ours. When we aggregate transactions, the actual prices applicable to the aggregated transactions will be averaged, and the account will be deemed to have purchased or sold its proportionate share of the securities or instruments involved at the average price obtained. Stock exchange regulations may in certain instances prevent the executing broker-dealer from delivering to the account a confirmation slip with respect to its participation in the aggregated transaction and, in such event, we will advise you in writing of any purchase or disposition of instruments for the account with respect to any such aggregated transaction. We will direct that confirmations of any transactions effected for the account will be sent, in conformity with applicable law, to you. ITEM 13 – REVIEW OF ACCOUNTS 13a: Periodic Reviews Accounts are reviewed by the wealth manager assigned to the client account, and the process is supervised by Orest V. Saikevych or Bonnie Rice. The frequency of reviews is determined based on your investment objectives, but no less than quarterly. ADV PART 2 A BROCHURE PAGE 13 OF 16  13b: Review Triggers More frequent reviews are triggered by a change in your investment objectives; tax considerations; large deposits or withdrawals; large sales or purchases; or, changes in economic climate. 13c: Regular Reports All investment advisory clients with internet access may view information about their accounts and assets managed by The Rice Partnership, LLC via a web-based client portal. Statements for these accounts are available through the client portal. Investment advisory clients also receive standard account statements from the custodian of their accounts on a quarterly basis. ITEM 14 – CLIENT REFERRALS AND OTHER COMPENSATION 14a: Economic Benefits Provided by Third Parties for Advice Rendered to Clients The Rice Partnership, LLC may receive software, tools, training programs or seminar services from our custodians/dealers. Additionally, they may provide these non-financial benefits to us as a benefit for using the broker-dealer’s services. However, we endeavor at all times to put the interests of our clients first. You should be aware, however, that the receipt of the types of benefits discussed above can create a potential conflict of interest by influencing our choice of a custodian. Rice Partnership, LLC participates in the Schwab Client Benefit Program in which Schwab agrees to pay for certain products and services for which we would otherwise have to pay. These services include technology, research, marketing, and compliance consulting related expenses. You do not pay more for assets maintained at Schwab as a result of this arrangement. However, we benefit from the arrangement because the cost of these services would otherwise be borne directly by us. The fact that we receive these benefits from Schwab is an incentive for us to recommend the use of Schwab rather than making such a decision based exclusively on your interest in receiving the best value in custody services and the most favorable execution of your transactions. This is a conflict of interest. You should consider these conflicts of interest when selecting a custodian. The products and services provided by Schwab, how they benefit us, and the related conflicts of interest are described below. The Rice Partnership, LLC receives client referrals from Charles Schwab & Co., Inc. (“Schwab”) through our participation in the Schwab Advisor Network (“the Network”). The Network is designed to help investors find an independent investment advisor. Schwab is a broker-dealer independent of and unaffiliated with The Rice Partnership, LLC. Schwab does not supervise us and has no responsibility for The Rice Partnership, LLC management of clients’ portfolios or Advisor’s other advice or services. The Rice Partnership, LLC pays Schwab fees to receive client referrals through the Network. Our participation in the Network may raise potential conflicts of interest described below. The Rice Partnership, LLC pays Schwab a Participation Fee on all referred clients’ accounts that are maintained in custody at Schwab and a Non-Schwab Custody Fee on all accounts that are maintained at, or transferred to, another custodian. The Participation Fee paid by The Rice Partnership, LLC is a percentage of the fees the client owes to The Rice Partnership, LLC or a percentage of the value of the assets in the client’s account, subject to a minimum Participation Fee. The Rice Partnership, LLC pays Schwab the Participation Fee for so long as the referred client’s account remains in custody at Schwab. The Participation Fee is billed to us quarterly and may be increased, decreased or waived by Schwab from time to time. The Participation Fee is paid by The Rice Partnership, LLC and not by the client. We have agreed not to charge clients referred through the Service fees or costs greater than the fees or costs we charge clients with similar portfolios who were not referred through the Service. The Rice Partnership, LLC generally pays Schwab a Non-Schwab Custody Fee if custody of a referred client’s account is not maintained by, or assets in the account are transferred from Schwab. This Fee does not apply if the client was solely responsible for the decision not to maintain custody at Schwab. The Non-Schwab Custody Fee is a one-time payment equal to a percentage of the assets placed with a custodian other than Schwab. The ADV PART 2 A BROCHURE PAGE 14 OF 16  Non-Schwab Custody Fee is higher than the Participation Fees Advisor generally would pay in a single year. Thus, The Rice Partnership, LLC will have an incentive to recommend that client accounts be held in custody at Schwab. The Participation and Non-Schwab Custody Fees will be based on assets in accounts of The Rice Partnership, LLC’s clients who were referred by Schwab and those referred clients’ family members living in the same household. Thus, The Rice Partnership, LLC will have incentives to encourage household members of clients referred through the Service to maintain custody of their accounts and execute transactions at Schwab and to instruct Schwab to debit our fees directly from the accounts. For accounts of The Rice Partnership, LLC’s clients maintained in custody at Schwab, Schwab will not charge the client separately for custody but will receive compensation from our clients in the form of commissions or other transaction-related compensation on securities trades executed through Schwab. Schwab also will receive a fee (generally lower than the applicable commission on trades it executes) for clearance and settlement of trades executed through broker-dealers other than Schwab. Schwab’s fees for trades executed at other broker-dealers are in addition to the other broker-dealer’s fees. Thus, The Rice Partnership, LLC may have an incentive to cause trades to be executed through Schwab rather than another broker-dealer. The Rice Partnership, LLC nevertheless, acknowledges its duty to seek best execution of trades for client accounts. Trades for client accounts held in custody at Schwab may be executed through a different broker-dealer than trades for our other clients. Thus, trades for accounts custodied at Schwab may be executed at different times and different prices than trades for other accounts that are executed at other broker-dealers. The Advisor may recommend clients in need of a securities-based loan, non-securities-based loan, mortgage and/or home equity line of credit to use Advisor Credit Exchange ("ACX") and their list of approved lenders for such a borrowing relationship. We receive a referral fee for each loan that we refer to ACX, ranging from 0 - .25% of the loan amount; therefore, we have a financial incentive to recommend ACX to our clients. However, a client will be charged the same interest rate whether TRP receives a referral fee or not and no client is required to use ACX and therefore may select any lender of their choosing. ITEM 15 – CUSTODY In certain instances, our clients may grant written authorization to a qualified custodian which results in The Rice Partnership, LLC having custody of client assets. In such instances, The Rice Partnership, LLC has limited authority to withdraw client assets upon our instruction to the custodian. With the exception of the aforementioned custody, The Rice Partnership, LLC clients’ accounts are held by a qualified custodian. The Rice Partnership, LLC is also deemed to have custody of clients’ funds or securities when clients have standing authorizations with their custodian to move from a client’s account to a third-party (“SLOA”) and under that SLOA, authorize us to designate the amount or timing of transfers with the custodian. The SEC has set forth rules intended to protect client assets in such situations, which we follow. In general, except to withdraw fees and execute certain third-party standing letters of authorization (SLOAs) or similar authorized third party money movements, The Rice Partnership, LLC does not have custody of the assets in the account and shall have no liability for any loss or other harm to any property in the account. This includes harm resulting from the insolvency of the custodian or any acts of the agents or employees of the custodian. We cannot ensure that when harm is caused whether or not the full amount of loss is covered by the Securities Investor Protection Corporation (“SIPC”) or any other insurance which may be carried by the custodian. SIPC provides only limited protection for the loss of property held by a broker- dealer. In certain cases, The Rice Partnership may be the personal representative, trustee or executor of client estates. In compliance with custody rules, The Rice Partnership has engaged an independent auditing firm to perform unannounced annual audits. Lastly, in certain cases, a client may grant The Rice Partnership the authority to write checks on their behalf. In ADV PART 2 A BROCHURE PAGE 15 OF 16  this instance, The Rice Partnership will maintain client checks and execute checks of a pre-approved amount made out to a pre-approved third-party who is not associated with The Rice Partnership, LLC. The Rice Partnership undergoes an annual surprise custody audit as required by the SEC. The custody audit serves to ensure that we are in compliance with the Custody Rule and to ensure that client assets are handled properly. In addition to the statement that your custodian will provide you, The Rice Partnership, LLC will provide a quarterly report. The Rice Partnership, LLC urges our clients to compare the information in our reports to the information present in the custodial statement. ITEM 16 – INVESTMENT DISCRETION The Rice Partnership, LLC asks our clients to give us discretionary authority to execute transactions without our client’s prior approval. These transactions may include the purchase and selling of securities, arranging for payments or generally acting on behalf of our clients in matters necessary to the handling of the account. In certain circumstances, we will request non-discretionary authority over our clients’ accounts. Non- discretionary authority requires us to obtain your prior approval of each specific transaction prior to executing investment recommendations. ITEM 17 – VOTING CLIENT SECURITIES The clients of The Rice Partnership, LLC retain the authority to proxy vote and will continue to do so until we otherwise may agree in writing. You should ensure that proxy ballots are mailed directly to you by selecting this option on your custodial application forms. You are welcome to delegate said proxy voting authority to a third- party representative (non-advisory personnel) by filing the appropriate custodial form. ITEM 18 – FINANCIAL INFORMATION 18a: Balance Sheet The Rice Partnership, LLC does not solicit prepayment of more than $1,200 in fees per client six (6) months in advance. Financial Conditions The Rice Partnership, LLC has no financial issues that could impair our ability to carry out our fiduciary duty to our clients. Bankruptcy Petition The Rice Partnership, LLC has never been the subject of a bankruptcy petition within the last ten (10) years. ADV PART 2 A BROCHURE PAGE 16 OF 16