Material Changes
ADV Part 2 Material Changes — January 2026
A breakdown of 823 material change filings from January 2026: category distribution, top reasons, and firm-level detail tables.
A breakdown of 823 material change filings from January 2026: category distribution, top reasons, and firm-level detail tables.
Change Details
MATERIAL CHANGES AND ENHANCEMENTS MADE AS PART OF THIS INTERIM UPDATE: (1) We have included in this Brochure information regarding a new tax efficient transition service (TET Service) that we intend to make available on or after February 2026; (2) We have added disclosure regarding the risks of artificial intelligence tools and the risks of investing in products that invest in crypto-assets; (3) We have included additional information regarding the ability of certain entity clients that qualify under the "customer facilitation vehicles" exclusion under the Volcker Rule; (4) We have updated the disclosure regarding the actions taken by ISS to review and announce updates to its voting policies.
Change Details
Since the last annual update to the Form ADV Part 2A (the "Brochure") on March 31, 2025, material changes to this Brochure include amendments to the following items: (1) Acquisition of ElmTree Funds, LLC (September 2, 2025); (2) Acquisition of HPS Investment Partners, LLC (July 1, 2025); (3) Updates to Items 4, 5, 7, 8, 10, 11, 12, 13, 14, and 17 regarding closure of Private Investors SMA Program; (4) Updates to include BlackRock US Loan Funding LLC as a relying adviser.
Change Details
The following material changes have been made to this brochure since its last annual update on March 28, 2025. Inclusion of description of a new Tax Advantaged Long/Short Strategy and related fees and risks in Items 5 and 8.
Change Details
"Since the last annual update to the Form ADV Part 2A (the 'Brochure') on March 31, 2025, material changes to this Brochure include amendments to the following items:" followed by a detailed list of changes including acquisitions of ElmTree Funds, LLC (September 2025) and HPS Investment Partners (July 2025), updates to Items 4, 5, 7, 8, 10, 11, 12, 13, 14, and 17, and closure of the Private Investors SMA Program.
Change Details
MATERIAL CHANGES AND ENHANCEMENTS MADE AS PART OF THIS INTERIM UPDATE: (1) We have included in this Brochure information regarding a new tax efficient transition service (TET Service) that we intend to make available on or after February 2026; (2) We have added disclosure regarding the risks of artificial intelligence tools and the risks of investing in products that invest in crypto-assets; (3) We have included additional information regarding the ability of certain entity clients that qualify under the "customer facilitation vehicles" exclusion under the Volcker Rule; (4) We have updated the disclosure regarding the actions taken by ISS to review and announce updates to its voting policies at least on an annual basis and from time to time.
Change Details
"Below is a summary of the material changes that have been made to this brochure as part of this filing. • We are updating the brochure to reflect that Edward Jones is assuming the role of overlay manager from Natixis Advisors, LLC. For more information on the services associated with the role of overlay manager, please refer to Item 4: Services, Fees and Compensation for more information. • We are updating the brochure to reflect a new pilot for models that are developed by qualifying Edward Jones financial advisors. For more information on this pilot and the types of investment models offered in Edward Jones Advisory Solutions® Unified Managed Account Models including the unique features and the particular investments available with each investment model type, please refer to Item 4: Services, Fees and Compensation for more information."
Change Details
Material Changes since the Last Annual Update made on March 26, 2025: Item 4 Advisory Business • Updated to reflect changes in QQQ • Updated to include Commingled Funds Item 5 Advisory Fees • Updated to include Commingled Funds Item 9 Disciplinary Information • Updated to reflect additional disciplinary information Item 15 Custody • Updated to reflect associated entities Item 16 Investment Discretion • Updated to reflect change in QQQ to Discretionary
Change Details
This brochure contains updated and expanded disclosures to reflect MetLife, Inc.'s acquisition of PineBridge Investments, LLC and its global affiliates on December 30, 2025, including updates to items 4, 5, 10, and 11.
Change Details
Since the last annual update to the Form ADV Part 2A (the "Brochure") on March 31, 2025, material changes to this Brochure include amendments to the following items: (1) acquisition of ElmTree Funds, LLC in September 2025; (2) acquisition of HPS Investment Partners and affiliates in July 2025; (3) inclusion of BlackRock US Loan Funding LLC; (4) closure of Private Investors SMA Program; (5) updates to advisory business disclosures; (6) additional investment strategy risk summaries; (7) updated client referral compensation disclosures.
Change Details
Item 2 explicitly describes material changes since the prior annual updating amendment filed on March 28, 2024: Item 4 – Advisory Business: Updated disclosure to reflect that MFS provides investment advisory services to the MFS ETFs; Item 5 – Fees and Compensation: Updated the range of MFS' asset-based fees in the fee schedules and included additional investment strategies (Municipal Plus and U.S. Taxable Municipal: 0.175% to 0.25%; Global Aggregate Core Plus: 0.25% to 0.35%); Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss: Enhanced disclosure concerning enterprise-wide risks, added disclosure concerning the MFS ETFs, and updated investment risks applicable to certain investment strategies; Item 10 – Other Financial Industry Activities and Affiliations: Updated descriptions of MFS Lux and MFS Fund Distributors, Inc.
Change Details
"Osaic Wealth, Inc. filed its last annual amendment to its Form ADV Part 2A Brochure on March 31, 2025. Since then, the following changes have occurred: Item 4 – Vision2020 Wealth Management Platform – Unified Managed Account Program – disclosure was added for Enterprise Strategist Models; Item 4 – Disclosure was added for Osaic CapitalHub – lending solution; Item 5 – Vision2020 Wealth Management Platform – Unified Managed Account Program – disclosure was added for Enterprise Strategist Models; Item 7 – The minimum investment for Vision2020 Wealth Management Platform – Advisor Management Portfolios Program was lowered to $5,500; Item 8 – Disclosure was added for Structured Exchange Traded Products; Item 8 – Disclosure was added for Direct Indexing; Item 9 – Two Disciplinary Disclosures were removed because they occurred over 10 years ago and are no longer material; Item 10 – Disclosure was added for a conflict for incentive to recommend an ETF the firm and affiliates receives economic benefit; Item 10 – Disclosure was added to disclose the Firm's affiliation with CW Advisors."
Change Details
"Osaic Wealth, Inc. filed its last annual amendment to its Form ADV Part 2A Brochure on March 31, 2025. Since then, the following changes have occurred: Item 4 – Vision2020 Wealth Management Platform – Unified Managed Account Program – disclosure was added for Enterprise Strategist Models; Item 4 – Disclosure was added for Osaic CapitalHub – lending solution; Item 5 – Vision2020 Wealth Management Platform – Unified Managed Account Program – disclosure was added for Enterprise Strategist Models; Item 7 – The minimum investment for Vision2020 Wealth Management Platform – Advisor Management Portfolios Program was lowered to $5,500; Item 8 – Disclosure was added for Structured Exchange Traded Products; Item 8 – Disclosure was added for Direct Indexing; Item 9 – Two Disciplinary Disclosures were removed because they occurred over 10 years ago and are no longer material; Item 10 – Disclosure was added for a conflict for incentive to recommend an ETF the firm and affiliates receives economic benefit; Item 10 – Disclosure was added to disclose the Firm's affiliation with CW Advisors."
Change Details
Since the last annual amendment to this Disclosure Brochure on March 31, 2025, the following amendments were made: Item 5 regarding Investment Advisory Fees was updated to provide disclosure as to how advisory fees are calculated when clients of different households that are related (e.g., by blood or by marriage) are permitted to combine their assets under management for purposes of achieving higher advisory fee breakpoints. Item 8 regarding Investment Strategies was updated to provide disclosure regarding the Strategic Core and Strategic Core Tax-Aware strategies offered by OneDigital and OneDigital's associated conflicts of interest with respect to those investment strategies. Item 12 regarding Research and Additional Benefits was updated to disclose that Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and Raymond James & Associates, Inc. may pay, on behalf of OneDigital, certain fees and expenses owed to third-party vendors who were, directly or indirectly, hired by OneDigital to assist in the preparation, delivery, execution and/or submission of agreements, authorizations, disclosures and/or other documents in order to onboard new clients, which creates a material conflict of interest for OneDigital whenever it recommends the custodial, brokerage and/or investment services of such custodians.
Change Details
Since the last annual amendment to this Disclosure Brochure on March 31, 2025, the following amendments were made: Item 10 regarding Other Financial Industry Activities and Affiliations was updated to include Fidelity Institutional Wealth Adviser LLC, an affiliate of Fidelity Brokerage Services LLC, as a Model Manager who provides OneDigital with investment research, models and/or technology at no cost and the associated conflicts of interest related to the receipt of such benefits. Item 12 regarding Research and Additional Benefits was updated to disclose that Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC may provide financial assistance to OneDigital or its clients, including the payment of certain fees and expenses owed to third-party vendors who were, directly or indirectly, hired by OneDigital to assist in the preparation, delivery, execution and/or submission of agreements, authorizations, disclosures and/or other documents, which creates a material conflict of interest for OneDigital whenever it recommends the custodial, brokerage, recordkeeping, administrative and/or investment services of such firms or their affiliates.
Change Details
Since the last annual update to the Form ADV Part 2A (the "Brochure") on March 31, 2025, material changes to this Brochure include amendments to the following items: (1) On September 2, 2025, BlackRock, Inc. completed its acquisition of ElmTree Funds, LLC; Item 10 updated to include ElmTree as an affiliated registered investment adviser; (2) On July 1, 2025, BlackRock completed its acquisition of HPS Investment Partners, LLC and related entities; Item 10 updated to include HPS Partners, HPS Advisors, and HPS Securities as affiliates; (3) Item 4 and Item 10 updated to include BlackRock US Loan Funding LLC as a relying adviser; (4) Items 4, 5, 7, 8, 11, 12, 13, and 14 updated to reflect the closure of Private Investors SMA Program; (5) Item 4 updated to include disclosures related to a non-discretionary subadvisory mandate for certain legacy separate managed account programs; (6) Item 8 updated to include certain additional investment strategy risk summaries; (7) Item 14 updated to include disclosures related to certain payment arrangements with certain SMA program sponsors; (8) Items 4, 5, 8, 14, and 17 updated to discuss BlackRock Investment Management, LLC's participation in an SMA Program with a third-party adviser.
Change Details
ExodusPoint's Form ADV Part 2A has been updated to reflect the dissolution of its Puerto Rico Sub-Adviser, effective December 15, 2025, and the cancellation of its private investment fund, ExodusPoint Strategy 5 Onshore Fund, LP, effective December 31, 2025.
Change Details
Since the last annual update to the Form ADV Part 2A (the "Brochure") on March 31, 2025, material changes to this Brochure include amendments to the following items: (1) Acquisition of ElmTree Funds, LLC (September 2, 2025); (2) Acquisition of HPS Investment Partners, LLC and related entities (July 1, 2025); (3) Inclusion of BlackRock US Loan Funding LLC as a relying adviser; (4) Closure of Private Investors SMA Program with updates to Items 4, 5, 7, 8, 11, 12, 13, and 14; (5) Updates to Item 4 for non-discretionary subadvisory mandate; (6) Updates to Item 8 for additional investment strategy risk summaries; (7) Updates to Item 14 for payment arrangements with SMA program sponsors; (8) Updates to Items 4, 5, 8, 14, and 17 for BlackRock Investment Management, LLC's participation in an SMA Program.
Change Details
Section 2 states: "Since the last other-than-annual amendment was filed on October 3, 2025, Janney has made material changes to its Disclosure Brochure and Wrap Fee Program Brochure." The primary material change described: "Effective January 1, 2026, Janney Capital Management LLC ("JCM"), will be dissolved as a separate legal entity and will become an integrated division within Janney Montgomery Scott LLC." Additional updates include: new tax optimization services in Janney UMA, addition of "Digital Asset Risks" disclosure, updated Global Atlantic affiliate disclosure, updated Incentive Programs disclosure, and credit card program updates.
Change Details
Section 2 states: "Since the last annual amendment, Janney has made a material change to its Wrap Fee Program Brochure." The material change is described: "Effective January 1, 2026, Janney Capital Management LLC 'JCM', will be dissolved as a separate legal entity and will become an integrated division within Janney Montgomery Scott LLC." Additional updates include tax optimization services, Global Atlantic affiliate disclosure changes, and Incentive Program updates.
Change Details
Since the last annual update to the Form ADV Part 2A on March 27, 2025, material changes to this Brochure include amendments to the following items: Items 4, 5, 7, 8, 12, 13, 16, and Appendices 2, 3, 5, and 6 were amended to reflect that Natixis Advisors no longer offers overlay portfolio management services due to the sale of its overlay management services capabilities to Edward Jones & Co., L.P., effective January 1, 2026. Item 4 and Item 12 were updated to reflect expanded relationship with Vestmark for non-discretionary trade execution services for direct indexing (AIA) and Natixis IM-affiliated SMA strategies, effective October 1, 2025.
Change Details
"and contains the following material changes from Fort Washington's 2025 annual amendment (filed on March 28, 2025)." Listed changes: (1) Updated Wrap Fee Programs and Separately Managed Accounts section to reflect Fort Washington now serves as sub-advisor to W&S Advisory Services, LLC instead of direct adviser through Fabric; (2) Updated Firm Ownership section to reflect dissolution of intermediate holding company (Western & Southern Investment Holdings, LLC), now held directly by The Western and Southern Life Insurance Company; (3) Scott C. Henry named Chief Compliance Officer in July 2025, with corresponding updates to Code of Ethics and Personal Trading sections; (4) Updated Fees and Compensation section to reflect current Institutional Advisory Service fee structure.
Change Details
The following is a summary of the material changes made to the Brochure since our last annual update on January 29, 2025. October 13, 2025: Updates to Item 12 – Brokerage Practices (Equity Aggregation and Allocation and Fixed Income Aggregation and Allocation), removal of strategies from Investment Strategies Appendix, removal of risks from Risk Disclosure Appendix. May 7, 2025: Updates to Item 12 – Brokerage Practices (Equity Aggregation and Allocation) to include trade aggregation practices with participating affiliates for Advisory Accounts.
Change Details
"On December 30, 2025 PineBridge Investments LLC ('Heron View Partners LLC' or 'HVP') underwent a division (the 'Division') pursuant to Section 17-220 of the Delaware Limited Liability Company Act. The company newly formed as a result of the Division (the 'Division Company') was allocated approximately $3,133,000,000 of RAUM. Immediately following the Division, the Division Company was merged into an entity recently affiliated with PineBridge Galaxy LLC ('PBG LLC'). On December 30, 2025 PBG LLC was indirectly sold by Pacific Century Group ('PCG') to MetLife Inc. ('MetLife'), leaving Heron View Partners LLC as a separate entity; no longer affiliated with either PBG LLC or MetLife. PBG LLC has formally changed its name to PineBridge Investments LLC. HVP remains owned ultimately by PCG and has formally changed its name to Heron View Partners LLC. HVP retains the business lines of the Private Funds Group and Huatai, a joint venture between Huatai Securities Company Limited and Heron View Partners LLC."
Change Details
Item 2 states: "This section of the Brochure only discusses material changes that have been made to the Brochure since the last annual update of the Brochure on January 27, 2025. Those changes are as follows:" and then lists specific changes to Items 1 (firm name change from "City National Rochdale, LLC" to "RBC Rochdale, LLC"), Item 4 (two distinct business channels), Item 5 (fees and sweep fund options), Item 8 (investment methods and risk disclosures including AI Risk, Private Infrastructure Risk, CIT Risk), Item 10 (conflicts of interest), Item 12 (brokerage practices and soft dollar arrangements), Item 14 (client referrals), and Item 17 (proxy voting).
Change Details
"This section of the Brochure only discusses material changes that have been made to the Brochure since the last annual update of the Brochure on January 27, 2025. Those changes are as follows: • Item 1 – Cover Page: The firm's name has changed from "City National Rochdale, LLC" to "RBC Rochdale, LLC." • Item 4 – Advisory Business: Item 4 was updated to reflect Rochdale's two distinct business channels: the Independent Channel and the Bank Channel. • Item 5 – Fees and Compensation: Item 5 was updated to provide clearer descriptions of Rochdale's current fee schedules. A new fee schedule has been added for Rochdale Direct – Transaction-Based Relationship Model accounts. Rochdale's cash sweep program disclosure has been enhanced. • Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss: Item 8 was revised to include additional risk disclosures, including Artificial Intelligence Risk, Private Infrastructure Risk, and Collective Investment Trust (CIT) Risk. • Item 10 – Other Financial Industry Activities and Affiliations: Item 10 was enhanced to disclose how common ownership creates conflicts of interest. • Item 12 – Brokerage Practices: Item 12 was revised to enhance Rochdale's disclosures regarding its brokerage and best execution practices. • Item 14 – Client Referrals and Other Compensation: Item 14 was revised to clarify that Rochdale does not have promoter arrangements. • Item 17 – Voting Client Securities: Item 17 was revised to clarify that Rochdale generally does not accept proxy voting authority, to disclose that when authority is accepted, Glass Lewis recommendations are followed."
Change Details
"Since our annual update filed on March 27, 2025, the following material changes were made:" followed by specific changes: (1) CPII accounts transferred to Citi Personal Wealth Management effective September 21, 2025; (2) strategies formerly managed by Citibank's CIM now managed by BlackRock Investment Management, LLC and/or Aperio Group, LLC; (3) third-party investment managers may include funds with digital asset exposure; (4) fee schedule updates effective July 21, 2025 (up to 2% annualized fee); (5) changes to billing group policies; (6) expansion of revenue sharing arrangements effective January 1, 2026.
Change Details
Material changes to this brochure are made to reflect an additional form of model portfolio services within TAM's advisory services, including updates to Items 4, 5, 8, 12 and 13. No other material changes have been made to the brochure since it was last filed on March 31, 2025.
Change Details
"The following updates have been made to this Form ADV Part 2A (the 'Brochure') since our annual update on March 24, 2025. Item 17: Voting Client Securities has been updated to describe new proxy voting practices that will pertain to certain Wells Fargo Advisors wrap accounts and Wells Fargo Bank, N.A. fiduciary accounts. Under the new proxy voting practices, which will take effect on January 1, 2026, proxies for securities in accounts for which Wells Fargo Advisors and Wells Fargo Bank, N.A. will vote, will be voted in accordance with the proxy voting policies and procedures adopted and overseen by the Wells Fargo Wealth & Investment Management Proxy Committee."
Change Details
Since the last annual update to the Form ADV Part 2A (the "Brochure") on March 31, 2025, material changes to this Brochure include amendments to the following items: (1) On September 2, 2025, BlackRock completed its acquisition of ElmTree Funds, LLC; (2) On July 1, 2025, BlackRock completed its acquisition of HPS Investment Partners, LLC and related entities; (3) Updates to Item 4 and Item 10 to include BlackRock US Loan Funding LLC; (4) Updates to Items 4, 5, 7, 8, 11, 12, 13, and 14 related to closure of Private Investors SMA Program; (5) Updates to Item 4 related to non-discretionary subadvisory mandate; (6) Updates to Item 8 for additional investment strategy risk summaries; (7) Updates to Item 14 for payment arrangements with SMA program sponsors; (8) Updates to Items 4, 5, 8, 14, and 17 related to BlackRock Investment Management LLC's participation in an SMA Program.
Change Details
"The following is a summary of material changes made to this Brochure since the last annual update on March 27, 2025: NLG Capital LLC is the successor by statutory merger to NLG Capital, Inc., effective December 31, 2025. Additional material changes relate to changes in fees for certain affiliated clients in Item 5 Fees and Compensation and Item 6 Performance Based Fees and Side by Side Management. Substantive updates were also made to the following sections: Item 4 Advisory Business; Item 7 Types of Clients; Item 8 Methods of Analysis, Investment Strategies and Risk of Loss; Item 11 Code of Ethics; Item 12 Brokerage Practices; Item 13 Review of Accounts; and Item 16 Investment Discretion."
Change Details
There were changes made since the last annual amendment filing on March 28, 2025, some of which are considered material and could influence a client's evaluation of the services provided by Savant. This Brochure has been updated to reflect the following: Item 4 – Advisory Business was updated to reflect assets under management as of December 31, 2025, and changes to some of our office locations, including the opening of our first offices in Minnesota, Rhode Island and Tennessee. We also added a description of our divorce planning services, offered through a branded program called Wife2CFO. We also added "Corrigan Financial" as an additional business name under which we may provide advisory services. Item 12 – Brokerage Practices was updated to describe the firm's annual advisor conference, which includes participation from select third-party vendors, fund managers, custodians, and other service providers.
Change Details
Since the last annual update to the Form ADV Part 2A (the "Brochure") on March 31, 2025, material changes to this Brochure include amendments to the following items: Acquisition of ElmTree Funds, LLC (September 2, 2025); Acquisition of HPS Investment Partners, LLC and affiliates (July 1, 2025); Updates to include BlackRock US Loan Funding LLC as a relying adviser; Closure of Private Investors SMA Program; Various updates to Items 4, 5, 7, 8, 11, 12, 13, 14, and 17.
Change Details
This annual amendment further updates the business practices of the Adviser and its affiliates, including a clarifying change to the compensation practices of the Adviser, expense practices, and updates to various risk factors and disclosures regarding potential conflicts of interest.
Change Details
The most recent annual update of our Brochure was filed in February 2025. Since that time, we have noted the following changes: HB sold a minority stake to TPG Growth VI Heritage, L.P., a platform of TPG Inc. (together "TPG"). New Mountain Capital reduced its existing minority investment in HB. HB purchased WMS Partners, LLC an RIA headquartered in Towson, MD on January 15, 2025. A statement about Principal Transactions was added to the brokerage practices section of this brochure. HB updated its standard fee schedule for financial planning and investment management services. HB acquired several private funds from WMS Partners, LLC as part of the acquisition in 2025. HB launched two new private funds, which are Peachtree Opportunity Fund VII, L.P. and Peachtree Acorn Fund, L.P. Stephanie Lang no longer serves on the Peachtree Alternative Strategies Fund ("PAS") Board of Directors. Thomas Carroll fulfilled his term as a member of the Schwab Advisor Services Advisory Board. HB is receiving benefits from custodian Charles Schwab & Co. in connection with its recommendation that clients transition their accounts.
Change Details
The last annual update to the Firm Brochure was submitted on March 27, 2025. The following is a summary of notable changes, some of which are material, made to this Brochure at the time of the last annual filing: Item 8 - discussion regarding newly added investment strategy offerings and amended to update investment strategies and material risks disclosures; Item 9 - amended to include disciplinary actions settled with the SEC in 2024 involving Invesco Advisers, Inc. and Invesco Distributors, Inc.; Item 12 - addition of Model Delivery disclosures; Item 16 - amended to include discussion of securities IMA does not take discretion over. This amended Brochure dated January 15, 2026 is an interim amendment with changes to: Item 5 - updated to include discussion of transition services for client holdings in shares of affiliated investment products; Item 8 - discussion regarding newly added investment strategy offerings and their material risks; Item 11 - updated to add additional information related to conflict of interest for affiliated investment products; Item 14 - updated to remove mention of a referral program.
Change Details
Item 2 explicitly lists changes from the March 27, 2025 annual filing: Item 8 (newly added investment strategy offerings and amended investment strategies and material risks disclosures), Item 9 (disciplinary actions settled with the SEC in 2024 involving Invesco Advisers, Inc. and Invesco Distributors, Inc.), Item 12 (addition of Model Delivery disclosures), Item 16 (securities IMA does not take discretion over). Item 2 also lists changes from the January 13, 2026 interim amendment: Item 5 (transition services for client holdings in shares of affiliated investment products), Item 8 (newly added investment strategy offerings and their material risks), Item 11 (conflict of interest for affiliated investment products held in client accounts and how it is mitigated), Item 14 (removal of referral program).
Change Details
Effective January 1, 2026, GEIM's discretionary investment authority is limited to Legacy Illiquid GEPT Assets: GEPT's 2023 and Pre-2023 Private Equity, Private Credit and Real Estate asset pools and its Hedge Funds Runoff pool. Updates to: Item 4 (description of discretionary investment advisory services), Item 8 (advisory services limited to Legacy Illiquid GEPT Assets), Item 10 (Participating Trusts clarification), Item 16 (advisory services limitation effective January 1, 2026).
Change Details
This brochure ("Brochure") dated January 2, 2026, serves as an update to the Adviser's brochure dated March 31, 2025. This Brochure contains routine updates, as well as certain other updates, including, but not limited to: (i) updates to reflect the Adviser's legal name change from SCHF (GPE), LLC to HRTG GPE, LLC, as well as updates to reflect corresponding name changes of certain affiliated entities; (ii) updates to reflect the evolution of the Adviser's business and its relationship with Sequoia Capital; (iii) updates to Item 5 to reflect an updated list of expenses that can be borne by the Funds; (iv) updates to Item 8 to reflect new and updated risk factors related to the Adviser's investment strategies, and (v) updates to Item 11 to reflect new or updated disclosure regarding potential and/or actual conflicts of interest faced by the Adviser related to personnel of the Adviser serving in roles with portfolio companies and the Adviser selecting service providers for the Funds.
Change Details
Champlain now offers a SMID Cap Strategy, which is available in separate account and commingled fund vehicles. In June 2025, a ten-year revenue-sharing agreement that Champlain entered with two unaffiliated investment firms in 2015 concluded. Champlain no longer serves as a sub-adviser to the Old Westbury Small & Mid Cap Strategies Fund. Champlain now also manages accounts seeded with proprietary capital.
Change Details
"MCMA made the following material updates to this Brochure: Item 4. Advisory Business - revised disclosures to reflect (i) a change in MCMA's ownership structure effective as of March 31, 2025, whereby Momentum US Bidco, LLC indirectly acquired 75% of MCMA and its affiliates, which resulted in an 'assignment' under the Advisers Act, and (ii) the addition of a new private real estate credit fund (Monroe Capital Credit Real Estate Income Fund); Item 5. Fees and Compensation - revised and enhanced disclosures in accordance with updates to the Governing Documents; Item 8. Methods of Analysis, Investment Strategies and Risk of Loss - revised to reflect the addition of the new fund and updates to Governing Documents; Item 10. Other Financial Industry Activities and Affiliations - revised to reflect updates to MCMA's affiliates; Item 11. Code of Ethics - revised disclosures regarding conflicts of interest and updates to MCMA's Allocation Policy."
Change Details
The following is a summary of material changes to this Firm Brochure since the last annual update on March 15, 2024. December 31, 2025 Update: Item 4 - Foundations and Quantitative Innovations programs to be closed to new investors effective January 31, 2026; information has been added related to PAS's parent company GLIC obtaining warrants from Hamilton Lane. Item 14 - Additional information has been added related to new additional compensation paid by PAS to certain IARs and regarding third-party payments in the form of revenue sharing being paid to PAS. March 19, 2025 Update: Item 4 - Additional disclosures and descriptions of available accounts and relationships with PAS's lending services, and PAS' capacity as broker-dealer of record on all PAS Proprietary Program accounts; additional disclosure and descriptions related to Alternative Investment offerings; a description of the capacities and responsibilities of PAS and Envestnet, related to PAS' capacity as Investment Manager and/or Strategist within the UMA Select and Strategist Select Plus programs. Item 5 - Additional disclosures and descriptions related to program fees paid to PAS for the PAS Proprietary Programs and the Cash Management Sweep Program; Additional disclosures and descriptions related to Householding for Annual Platform Fees.
Change Details
Section 2 explicitly lists material changes including: "FoundationsSM and Quantitative InnovationsSM programs to be closed to new investors effective January 31, 2026"; changes to PAS Foundational Model Portfolios; new additional compensation paid by PAS to certain IARs; third-party payments in the form of revenue sharing being paid to PAS; GLIC obtaining warrants from Hamilton Lane; and additional disclosures related to householding fees, program fees, trading away practices, order aggregation, client referrals, and custody of client funds.
Change Details
Since the last annual filing of this brochure, submitted on March 21, 2025, the following material change has occurred: The Firm has updated Item 4 (Services, Fees and Compensation) of this Wrap Fee Brochure to disclose certain asset-based compensation arrangements the Firm receives from mutual fund and exchange-traded fund distributors, the related conflicts of interest, and the Firm's practices for addressing those conflicts.
Change Details
"Since the last filing of this brochure, submitted in March 2025, the following material changes have occurred: The Firm has updated Item 8 (Methods of Analysis, Investment Strategies and Risk of Loss) and Item 14 (Client Referrals and Other Compensation) of this Brochure to enhance disclosure regarding certain asset-based compensation arrangements the Firm receives from mutual fund distributors. These updates describe the nature and amount of ongoing fees received from certain mutual fund and exchange-traded fund distributors, the related conflicts of interest, and the Firm's practices for addressing those conflicts in accordance with its fiduciary duty."
Change Details
Osaic Advisory Services, LLC (formerly known as Triad Hybrid Solutions, LLC) also doing business as Osaic Advisors filed its last annual amendment to its Form ADV Part 2A Brochure on March 31, 2025. Since then, the following material changes have occurred: Item 4 – Disclosure was added for Osaic CapitalHub – lending solution. Item 5 – Disclosure was to include arrears billing as an option for paying the account fee. Item 8 – Disclosure was added for Structured Exchange Traded Products. Item 8 – Disclosure was added for Direct Indexing. Item 10 – Disclosure was added for a conflict for incentive to recommend an ETF the firm and affiliates receives economic benefit. Item 10 – Disclosure was added to disclose the Firm's affiliation with CW Advisors.
Change Details
Item 2 states: "the following material changes have occurred: Item 4 – An explanation of advance and arrears billing was added to the Advisory Services section."
Change Details
Wilton and Fund II have been wound down and are no longer reflected in this document. DCM recently moved to a new office.
Change Details
This Brochure dated December 31, 2025, replaces our last amendment dated September 30, 2025. The following information reflects only material updates made to our Brochure since our last amendment: Item 4– Updated amounts of discretionary and non-discretionary assets under management as of September 30, 2025. Revised language surrounding Aptus Exchange Traded Funds. Item 5 – Revised language surrounding Aptus Exchange Traded Fund Fees and incorporated links to prospectuses to Aptus' Exchange Traded Funds and Buffered Funds. Revised language surrounding fees for Option Overly Services. Item 8– Revised language surrounding Investment Strategies and Risks.
Change Details
The section explicitly states "contains the following material changes:" followed by five specific changes: (1) References to Osaic Wealth, Inc and its associated programs were replaced with Cambridge Investment Research, Inc; (2) Fee information related to AssetMark's Advisor Managed Portfolios program were updated; (3) References regarding the AssetMark Business Transition Program were removed as they were no longer applicable; (4) Information regarding an additional Cambridge platform, CMAP, utilized to provide investment advisory services was included; (5) Ownership information was updated to remove reference to Signature Equity Partners, LLC because AmeriFlex is no longer affiliated through common ownership.
Change Details
Item 8 – We have added information related to the use of AI to increase our operational efficiency. Item 10 – We have added information related to our affiliation with HIIS, a HUB International broker dealer. Item 14 – We have added information related to Financial Coaches who are affiliated with HUB International and refer clients to HIP, the compensation paid to these Financial Coaches, and the conflicts of interest this arrangement presents.
Change Details
"Below are the material changes made to this brochure since our last update on January 27, 2025. Item 13 - Review of Accounts: We have eliminated the annual review procedure as it was duplicative of the Lead Relationship Manager employment duties."
Change Details
Since the annual update of March 31, 2025, we have made the following material changes: Item 4: Types of Investment Services - Updated description of investment services to include a description of advice provided on Plan-Selected Investment Options. Item 8: Methods of Analysis, Investment Strategies, and Risk of Loss - Updated disclosure regarding our Methods of Analysis to include CITs and Risk of Loss to reflect advice provided on Plan-Selected Investment Options and related risks. Item 10: Other Financial Industry Activities and Affiliations - Updated conflicts of interest disclosure to address conflicts of interest associated with recommendations on Plan-Selected Investment Options.
Change Details
The following are material changes to the Brochure since the last update on July 1, 2025. All capitalized terms have the meaning set out in the Wrap Fee Brochure. Item 4 – Services, fees and compensation - updated section 4.3.2.3 Additional Information about the Access Account Fee and A+ Account Fee, Section 4.4.2 Fees and Section 4.4.3 Compensation. Interest Rates on Cash Balances and Spread on Foreign Currency: clarified that RBC Dominion Securities Inc., as custodian, may earn interest or revenue on any cash balances and may earn spread on any foreign currency transactions. Compensation: amended the description of the way we compensate our Investment Advisors and Investment Counsellors. Item 6 – Investment manager and sub-advisor selection and evaluation - updated sections 6.1.2, 6.1.5, 6.1.9, 6.2.6. Item 9 – Additional Information - updated sections 9.3, 9.5, 9.6.
Change Details
The following material changes have been incorporated into this brochure since the last annual amendment filed March 29, 2024: SCP has launched a number of new funds, and We have amended or enhanced disclosures relating to our business and operations including clarifying changes relating to the calculation methodology of the compensation SCP receives from the Funds (as defined herein), expense practices, and updates to various risk factors.
Change Details
Updates have been made throughout this brochure to reflect FIWA's non-discretionary target date advice services provided to third party target date collective investment trusts and/or their third party investment managers.
Change Details
Since our last annual amendment filed on 03/20/2025, we have the following material change(s) to disclose: We have updated Item 12: "Brokerage Practices" to disclose that we have started recommending Altruist Financial LLC ("Altruist") as a custodian in certain cases in addition to our firm's other custodial recommendations. Our firm's representative, Josh Brown, provides consulting services to Altruist. In addition, our firm's representative(s) have also invested in Altruist.
Change Details
Below is a summary of material changes to the following items in this Brochure since our last annual amendment on March 31, 2024. Changes include: addition of Shane Stirton as President/COO and indirect owner through Belpointe Financial Holdings (across Items 4, 5, 10, and 14); updated assets under management value; changes to fund availability and fee updates for Collaborative Fund Advisors (0.35% to 0.42%); addition of Belpointe Labs, LLC reference; addition of Summer Oak Partners, LLC as a pooled investment vehicle; and removal of Crystal Capital Fund Series, LLC reference.
Change Details
This other-than-annual amendment updates the description of the management of BCP and its affiliates under 'Advisory Business' below.
Change Details
The material changes in this brochure from the other than annual amendment of Facet Wealth, Inc. on October 1, 2025 are described below. Material changes relate to Facet Wealth, Inc.'s policies, practices or conflicts of interests. ● A change to the address uses for its business from Maryland to Florida. The address is listed above. Facet remains a fully remote firm. ● An update to the fee range in Item 5 to include the current fee structure for its service tiers. ● An update to include third parties used for estate planning and tax filing services as a part of service tiers or offered a la carte. ● In Items 10 and 14, an overview of partnerships and endorsers, how those arrangements work and any potential conflicts of interest.
Change Details
Since our last brochure dated July 11, 2025, the firm has made the following material updates to this brochure: Chief Compliance Officer changed from Jeremiah Ludington III to Christine Weiler (effective January 1, 2026); Kimberly Forman appointed Chief Operations Officer (effective January 1, 2026); updates to Advisory Business (Item 4), Fee and Billing Clarification (Item 5), Cybersecurity Risk Disclosure (Item 8), Code of Ethics (Item 11), and Brokerage and Custody Disclosure (Item 12).
Change Details
"The following summary discloses material changes made to the Brochure since the Adviser's last annual update, which was filed on March 19, 2025: Moreton Asset Management no longer offers a referral service to other Registered Investment Advisory firms. All mentions of referral services have been deleted from our ADV."
Change Details
Since our last ADV Filing on October 27, 2025, Sound Income Strategies, LLC ("SIS" and/or the "Firm") has implemented the following material changes. Item 5: Fee and Compensation - Commissionable Securities Sales section has been updated to reflect that IA-Reps of SIS are no longer affiliated with Purshe Kaplan Sterling Investments ("PKS"). Those IA-Reps will be dually registered with our affiliate Sound Income Wealth, LLC ("SIW"), member of FINRA/SIPC, which along with SIS are under common ownership of SIG. SIW is approved to act as a Mutual fund retailer and Broker Dealer selling variable life insurance or annuities. Item 10: Other Financial Industry Activities and Affiliations - Broker-Dealer or Representative Registration section has been updated reflect that IA-Reps of SIS are no longer affiliated with Purshe Kaplan Sterling Investments ("PKS"). Those IA-Reps will be dually registered with our affiliate Sound Income Wealth, LLC ("SIW"), member of FINRA/SIPC, which along with SIS are under common ownership of SIG. SIW is approved to act as a Mutual fund retailer and Broker Dealer selling variable life insurance or annuities.
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Material changes: BPS Capital has entered a strategic partnership with Penoja Analytics. This partnership will allow BPS Capital customers to strategically leverage their data through dashboard solutions. These optional services are available for an additional fee, which is shared between Penoja and BPS.
Change Details
"Effective January 1, 2026, Argosy Capital Group, Inc. converted from a Delaware corporation to a Delaware limited liability company and became Argosy Capital Group, LLC. Argosy Credit Partners III, L.P., a newly formed Delaware limited partnership and credit investment fund ("ACP III"), held its first closing on April 16, 2025. Argosy Investments Partners SBIC 7, L.P. and Argosy Investments Partners 7, L.P., newly formed Delaware limited partnerships and private equity investment funds (together, "AIP 7"), held their first closings on July 30, 2025 and December 5, 2025."
Change Details
Since the last annual update to the Form ADV Part 2A (the "Brochure") on March 31, 2025, material changes to this Brochure include amendments to the following items: (1) BlackRock's acquisition of ElmTree Funds, LLC (September 2, 2025) - Item 10 updated to include ElmTree as an affiliated registered investment adviser; (2) BlackRock's acquisition of HPS Investment Partners, LLC (July 1, 2025) - Item 10 updated to include HPS Partners, HPS Advisors, and HPS Securities as affiliates; (3) Item 4 and Item 10 updated to include BlackRock US Loan Funding LLC; (4) Items 4, 5, 7, 8, 11, 12, 13, and 14 updated to reflect the closure of Private Investors SMA Program; (5) Item 4 updated for non-discretionary subadvisory mandate disclosures; (6) Item 8 updated to include additional investment strategy risk summaries; (7) Item 14 updated for payment arrangements with SMA program sponsors.
Change Details
Since our last update dated April 11, 2025, we have made the following material changes: Item 4: Amended to reflect ownership change and financial planning and consulting services, as well as updated assets under management. Item 5: Amended to clarify fees and expenses. Item 8: Updated to reflect our current investment strategies. Item 12: Amended to reflect current brokerage practices. Item 14: Updated to reflect that we do not receive any economic benefits from anyone who is not a client.
Change Details
The Form ADV Part 2A has been updated to disclose information regarding relying advisers Electric Treasury Edge, LLC and ECP S24, LLC, including additional risk disclosures.
Change Details
This Brochure, dated January 23, 2026, reflects the following material changes occurring since TCM's last annual updating amendments including March 27, 2025. The material changes for TCM include: registration with Connecticut under the assumed name of Tuttle Capital; addition of numerous ETFs (SNOU, GMEU, WZRD, DKUP, BULU, SMUP, CRWV, CCUP, etc.); removal of Tuttle Capital Self Defense Index ETF; sub-advisory services to TappAlpha Innovation 100 Growth & Daily Income ETF; an Agreement and Plan Reorganization for LAFFER|TENGLER Equity Income ETF; new advisory/sub-advisory services to additional ETFs in late 2025/early 2026; and amendments to class action lawsuit practices (Item # 17).
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Summary of Changes: June, 2025. The Firm is now offering 'Business Advisory Services' as described in items #4 and #5 designed for middle-market business owners.
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In this Item, TruWealth is required to discuss any material changes that have been made to the brochure since the last annual amendment filed on February 10, 2025. The Firm has made the following changes: TruWealth no longer recommends an affiliated accounting firm. (Item 10)
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The following material changes have been made to this Disclosure Brochure since the last annual updating amendment on March 19, 2025: (1) CAM may utilize or may recommend that Other Advisors utilize Catherine Avery Investment Management LLC ("CAIM"), an investment adviser under common ownership with CAM, as a Model Manager, with conflict of interest disclosure; (2) The Advisor has access to a variety of economic benefits, services, and products in connection with its use of Goldman Sachs's investment adviser platform.
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Fee schedules have been updated across our Employer Retirement Plans Business Line. RTD has added a new service for Pooled Employer Plans. Brent Zackon became an Equity Shareholder of RTD. Removed Henry J Cluver.
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The material changes in this brochure from the last annual updating amendment of Wedmont Private Capital LLC on 01/21/2025, are described below. Material changes relate to Wedmont Private Capital LLC's policies, practices or conflicts of interest. • Wedmont Private Capital LLC has updated its disclosure in Item 5 to state "This service may be terminated by either party at any time upon receipt of written notice, at which time Wedmont will process a final pro-rated bill and delink the client's accounts from its master account at Charles Schwab."
Change Details
Changes Effective August 01, 2025: Discontinuation of Investment Approach (Section 8): The investment approach known as ValueQuest Poise has been discontinued effective August 1, 2025. Changes Effective November 04, 2025: Client Referral Arrangement (Section 14): ValueQuest has appointed a new New Jersey based finder, to refer US domiciled clients. This constitutes a material change to our disclosure in Section 14 – Client Referrals and Other Compensation. Changes Effective January 23, 2026: In Section 4-Advisory Business, (page 6) the date of receipt of SEC registration has now been mentioned as February 10, 2025, replacing the incorrect date January 3, 2024 mentioned earlier.
Change Details
The material changes in this brochure from the last annual updating amendment of Rockwood Wealth Management, LLC on February 14, 2025, as described below: (1) Rockwood Wealth Management, LLC has updated assets under management. (Item 4); (2) Elizabeth V Loew is no longer with the firm. (Item 10.C); (3) Rockwood Wealth Management, LLC has updated outside business activity. (Item 10.C)
Change Details
"The material changes in this brochure from the last annual updating amendment of Sather Financial Group, Inc. on January 9, 2025, are described below. Material changes relate to Sather Financial Group, Inc.'s policies, practices or conflicts of interests. • We serve as the investment advisor to collective investment trusts (CITs) sponsored by Alta Trust. We manage ERISA assets in the CIT. A CIT is a pooled investment vehicle specifically designed for retirement plans. (Item 4)"
Change Details
"There have been material changes since Next Capital Management, LLC's ("NEXT") last Form ADV Annual Amendment filing dated March 27, 2025. Item 5 has been revised with respect to the Firm's fee schedule and manner in which fees are charged. Item 4 has been revised with respect to our advisory services."
Change Details
The following material changes have been made to this disclosure brochure since the initial filing and delivery to Clients: Effective January 14th, 2026, the Advisor has appointed Razmig Der-Tavitian as Chief Compliance Officer; The Advisor serves as the investment manager to pooled investment vehicles; The Advisor may recommend Clients utilize non-purpose loan programs; The Advisor's phone number is now (424) 500-4601; Effective January 1, 2026, the Advisor has updated its name to Evolve Private Wealth, LLC; Evolve Wealth Insurance LLC is an affiliated insurance company; The Advisor has established an institutional relationship with Charles Schwab & Co., Inc.; The Advisor may assume proxy voting responsibility for Clients.
Change Details
"The following material changes have been made to this disclosure brochure since the initial filing and delivery to Clients: Effective January 1, 2026, the Advisor has updated its name to Evolve Private Wealth, LLC. Evolve Wealth Insurance LLC is an affiliated insurance company. The Advisor has established an institutional relationship with Charles Schwab & Co., Inc. The Advisor may assume proxy voting responsibility for Clients."
Change Details
"Since the last annual update to the Form ADV Part 2A (the 'Brochure') on March 31, 2025, material changes to this Brochure include amendments to the following items:" followed by specific changes including: (1) Acquisition of ElmTree Funds, LLC (September 2, 2025); (2) Acquisition of HPS Investment Partners, LLC (July 1, 2025); (3) Updates to Items 4 and 10 to include BlackRock US Loan Funding LLC; (4) Updates to Items 4, 5, 7, 8, 11, 12, 13, and 14 related to closure of Private Investors SMA Program; (5) Item 4 update for non-discretionary subadvisory mandate disclosures; (6) Item 8 update for additional investment strategy risk summaries; (7) Item 14 update for payment arrangements disclosures; (8) Items 4, 5, 8, 14, and 17 updates for SMA Program participation.
Change Details
This section of the Brochure only discusses material changes that have been made to the Brochure since the last annual update of the Brochure on February 26, 2025. Those changes are as follows: Item 1 – Cover Page: The firm's name has changed from "City National Securities, Inc." to "RBC Securities, Inc." Item 4 – Services, Fees and Compensation: Assets under management have been updated, the name of the wrap fee program changed from "City National Securities Asset Allocation Program" to "RBC Securities Asset Allocation Program," the Sub-Advisor name changed from "City National Rochdale, LLC" to "RBC Rochdale, LLC," disclosure regarding Affiliated Transferred-In Securities and Non-Managed Assets has been enhanced, fee schedules have been updated, and the Affiliated Fund Fee Table was updated. Item 5 – Account Requirements and Types of Clients: Updated to reflect that Royal Bank of Canada and its affiliates are covered by a five-year QPAM exemption granted by the U.S. Department of Labor, starting August 12, 2025, until March 4, 2030. Item 9 – Additional Information: Revised to reflect that CNS ceased to be a member of the State of California Underwriter Pool and disclosure of conflicts related to Affiliated Transferred-In Securities and conflict mitigation was enhanced.
Change Details
This section of the Brochure only discusses material changes that have been made to the Brochure since the last annual update of the Brochure on February 26, 2025. Those changes are as follows: • Item 1 – Cover Page: The firm's name has changed from "City National Securities, Inc." to "RBC Securities, Inc." • Item 4 – Services, Fees and Compensation: Assets under management have been updated. The name of the wrap fee program has changed from "City National Securities Investment Advisory Program" to "RBC Securities Investment Advisory Program." The name of the Sub-Advisor has changed from "City National Rochdale, LLC" to "RBC Rochdale, LLC." Disclosure regarding Affiliated Transferred-In Securities and Non-Managed Assets has been enhanced. RBC Securities Investment Advisory Program fee schedules have been updated. The Affiliated Fund Fee Table was updated. • Item 5 – Account Requirements and Types of Clients: Updated to reflect that Royal Bank of Canada and its affiliates are currently covered by a five-year Qualified Professional Asset Manager ("QPAM") exemption that started on August 12, 2025. • Item 9 – Additional Information: Revised to reflect that CNS ceased to be a member of the State of California Underwriter Pool. Disclosure of conflicts related to Affiliated Transferred-In Securities and conflict mitigation was enhanced.
Change Details
"The following material changes were made to this brochure since our most recent annual amendment filing on 03/27/2025." Four specific changes are listed: (1) Expansion of Investment Strategy Implementation and Oversight, (2) Strategist Compensation Arrangements, (3) Use of Exchange-Traded Options for Liquidity Management, and (4) Private Fund and Pooled Investment Vehicle Clarifications.
Change Details
Since the Private Capital Management, LLC ("SSPCM") last annual amendment filing dated June 24, 2025, the entity name was changed from Private Capital Management, LLC to SouthState Private Capital Management LLC ("SSPCM"). In addition, SouthState Advisory, Inc. merged with and into SSPCM effective January 1, 2026. The main office location for SSPCM changed to 520 Gervais Street, Columbia, SC 29201. Other office locations were added at eight addresses. The following Directors and Officers were added to SSPCM, effective January 1, 2026: David Kirkpatrick-Managing Director, Kelly Gardner-Managing Director, Brian Barker-Chief Investment Officer, Raymond Hrin-Director of Wealth Compliance and Operations. In addition, the following material changes occurred: Item 4- Advisory Business- Retirement plan services and additional services have been added. Item 5- Fees and Compensation- our standard fee schedules have changed. Item 8- Methods of Analysis, Strategies, and Risk of Loss- our investment strategy and methods of analysis have changed. Item 10- Other Financial Industry Activities and Affiliations- at least one employee is simultaneously registered as an associated person of LPL Financial, an unaffiliated registered broker/dealer. Item 12- Brokerage Practices- we place certain equity and fixed income trades through brokers that offer soft dollar benefits directly or through corporate affiliates. Item 15- Custody- certain clients authorize SSPCM to utilize SouthState Bank, N.A. as a qualified, but also affiliated, custodian.
Change Details
"Since the release of our last Brochure in March 2025 the following material changes have taken place to our Firm Brochure: Item 4 – Advisory Business has been updated to reflect that the Aggressive model portfolio is now named Equity and the addition of a Total Return model portfolio. Item 5 – Fees and Compensation has been updated to reflect that MJP is no longer affiliated with Arete Wealth Management and that one supervised person of MJP is a Registered Representative of Integrity Alliance, LLC. Item 10 – Other Financial Industry Activities and Affiliations has been updated to reflect that MJP is no longer affiliated with Arete Wealth Management and that one supervised person of MJP is a Registered Representative of Integrity Alliance, LLC."
Change Details
"The following material changes have been made to this brochure since the last annual update to the brochure dated March 14, 2025:" followed by specific changes including: ownership information changes (Chairman of the Board of Directors no longer serves as Chief Executive Officer), management of two private funds, updated assets under management as of December 31, 2025, clarified billing arrangements, enhanced risk disclosures, added Privacy Notice
Change Details
"The following material changes were made to this Brochure since the last annual update issued September 2024: 1) We may recommend one or more third-party sub-advisers to manage all or a portion of the client's investment portfolio. Sub-advisers fees are separate and in addition to Madison Partners' wealth management fee. 2) We have an affiliated tax preparation company, Stratus Tax, and certain financial professionals of Madison Partners are licensed to sell insurance."
Change Details
Since our last annual amendment filed on 02/14/2025, we have the following material change(s) to report: We have updated Items 5 & 7 to disclose that Financial Planning & Consulting is included in our Comprehensive Portfolio Management service for no additional fee for clients whose annual fee exceeds $15,000.
Change Details
"This Brochure dated January 28, 2026, reflects the following changes since the last version dated May 13, 2025." Listed changes include: "General update of information contained in the Brochure", "Additional advisory service description", and "Changes to Ownership - New Shareholder: On January 8th, 2026, BCTO INCP Investor LP (majority owned by Bain Capital Tech Opportunities Fund II, LP) acquired approximately 41% of Innocap Investment Management Inc. ('Innocap'), IIA's parent company."
Change Details
On December 30, 2025, PineBridge Investments LLC ("Heron View Partners LLC" or "HVP"), an entity recently affiliated with PineBridge Galaxy LLC ("PBG LLC"), transferred a majority of its RAUM to PBG LLC. On December 30, 2025, PBG LLC sold by Pacific Century Group ("PCG") to MetLife Inc. ("MetLife"), leaving Heron View Partners LLC as a separate entity; no longer affiliated with either PBG LLC nor MetLife. PBG LLC has formally changed its name to PineBridge Investments LLC. HVP remains owned ultimately by PCG, and has formally changed its name to Heron View Partners LLC. HVP retains the business lines of the Private Funds Group and Huatai, a joint venture between Huatai Securities Company Limited and Heron View Partners LLC.
Change Details
"Institute for Wealth Management, LLC has removed Seth Daniel Jensen from Item 10. Institute for Wealth Management has updated other business activities in Item 10. Institute for Wealth Management has added a fund MPWM Leonard Green Equity Fund IX, LP in Items 4, 6, 10, 11 and 15."
Change Details
Since the last annual updating amendment on March 31, 2025, we have the following material changes to report: QuadCap can serve as trustee for clients upon request. QuadCap is also deemed to have custody due to Standing Letters of Authorization. Denise Brochu was named Outsourced Chief Compliance Officer.
Change Details
Since our most recent annual amendment filing, we have the following material changes to report: (1) Added language to Item 8 describing risks related to the use of Collective Investment Trusts (CITs); (2) Added a standalone financial wellness program (see Items 4 and 5); (3) On January 1, 2026, parent company The Richards Group was acquired by IMA, Inc., resulting in a change in control of the advisor.
Change Details
"This Brochure has been updated to reflect material changes to Root Financial Partners, LLC's ("Root") advisory business since the last annual update. Material changes include the following: 1) Change in Principal Place of Business: Root relocated its principal place of business to the State of Texas; 2) Addition of Vista Private Wealth: Root launched Vista, a dedicated private wealth offering; 3) Expansion of Investment Strategies and Risk Disclosures; 4) Solicitor Arrangements for Held-Away Retirement Plans."
Change Details
We made the following material changes to our brochure with the annual update, dated June 23, 2025: Item 4 - Advisory Business and Item 5 – Fees and Compensation: We updated the fees associated with our financial planning services. Item 17 - Voting Client Securities: We discontinued class action-related monitoring and claim filing services.
Change Details
Section 2 describes four material changes: (1) "Workplace Retirement Plan Model Portfolios – Consulting Agreement" with Meeder Investment Management to provide investment research and consulting services; (2) "Domestic Equity Opportunity and Concentrated Rotation Model Portfolios – Fee Change" - effective October 1, a model-specific management fee of 0.10% has been added; (3) "Parent Company Acquisition" - effective July 1, 2025, Verity Asset Management's parent company, Verity Financial Group, was acquired by Simplicity Financial Marketing Holdings, Inc.; (4) "Verity U.S. Treasury Fund" - describes the December 1, 2023 launch of the Fund and related conflict of interest disclosures.
Change Details
"The following material changes have been made to the Brochure since the Annual Updating Amendment in March 2025: Items 4 and 5 have been updated to disclose Ellevest's Comprehensive Financial Planning Service and fees; The disclosures of Ellevest Global Intentional Impact Portfolios were removed as the portfolio is no longer being offered; Our discretionary assets under management were updated and the advisory service of providing educational workshops was added; We are deemed to have custody due to Standing Letters of Authorization."
Change Details
The following material changes to this Brochure occurred since the last annual amendment was submitted. Item 4 – Added Retirement Plan Advisory Services. Items 12, 14, and 15 – Added additional information on our relationship with our Custodian, Charles Schwab, and some of the services they provide as part of this relationship.
Change Details
"The material changes to this Brochure since the last annual amendment date of February 19, 2025, are listed below. Material changes relate to The Randolph Company's policies, practices or conflicts of interests. Any non-material changes made to this Brochure are not specified in this summary. We encourage you to read this Brochure in its entirety. • RCO has updated Item 5 of this Brochure to clarify details related to its fee calculation methodology. The final fee for each quarter will be prorated to reflect any deposits or withdrawals made during the quarter. Specifically, additions to or withdrawals from the account(s) will be prorated based on the number of days remaining in the quarter from the date of such transaction(s), and the fee will be adjusted accordingly. • RCO has updated existing office location on Cover Page. • RCO sometimes recommends inverse leveraged ETFs, which are investment products that seek to provide a multiple of the inverse (opposite) of the daily performance of a stated market index or benchmark. Inverse leveraged ETFs may not be suitable for all investors due to the risks described within this brochure. (Item 8)"
Change Details
BMO Nesbitt Burns Securities Ltd. ("NBSL") has made the following material change to our brochure since our last annual update dated January 28, 2025: Item 5 - has been updated to reflect NBSL's revenue sharing arrangement with the clearing firm and interest earned on uninvested foreign currency.
Change Details
Since our last annual amendment filing, we now utilize third party managers for certain clients accounts. Additionally, we have lowered our maximum advisory fee to 1.25% of assets under management.
Change Details
This updated Form ADV Parts 2A/2B contains the changes since our prior annual amendment: (1) As of January 2026, Hutchinson Capital Management Corporation will do business as "HCM Wealth". (2) In October 2025, we updated disclosures in Part 2A regarding sub-advisory relationships described in Part 2A, Items 4 and 5 along with updating our list of firm professionals in Part 2B.
Change Details
Section 2 states: "FIA transitioned to direct registration with the U.S. Securities & Exchange Commission (SEC) in April 2016. FIA's affiliate, Fiduciary Insight, LLC, terminated its private-label partnership with ePlan Services, Inc. FIA alliance with Prosper Retirement Partners LLC was terminated in February 2024. FIA entered into an alliance with July Business Services in July 2024, for purposes of offering its Plan-Clients a Pooled Employer Plan (PEP). FIA relocated its primary office in April 2025, from Greenwood Village to Centennial (approx. 3 miles). No other material changes have been made in this revised filing."
Change Details
In this disclosure brochure strategy descriptions have been updated and the Classic tier minimum has been increased to $100,000.
Change Details
This Brochure, dated January 16, 2026, contains the following material changes from the previous annual update, dated March 25, 2025: (1) Item 4: Advisory Business - added PenChecks as a service provider for retirement plan distributions; (2) Item 5: Fees and Compensation - increased minimum annual fee from $5,000 to $10,000; (3) Items 4, 5, 8, 10, 11, 16, 17 - updated to reflect IDA serves as investment manager to the IDA Private Access Fund (ONEFX).
Change Details
On December 2025, Delap Wealth Advisory was acquired by Aerodigm Wealth, LLC and is now doing business under the name Aerodigm Wealth, LLC. Due to the acquisition, there have been changes made to Items 4, 5, 10 and 14 which are summarized below.
Change Details
The following is a material change made since KR filed its other than annual amendment filing on December 19, 2025. KR commenced discretionary investment advisory services to its Client and has regulatory assets under management.
Change Details
On January 22, 2026, we submitted our annual updating amendment for fiscal year 2025 and amended the Methods of Analysis, Investment Strategies and Risk of Loss section (Item 8) of the document to disclose additional material investment risks pertaining to Securities Backed Lines of Credit (SBLOCs) and Artificial Intelligence ("AI") Risk.
Change Details
The following material changes have occurred since the Firm's last annual update: (1) Adoption of Updated Advisory Agreement - clarifies contractual terms including scope of advisory services, fiduciary duties owed to clients, client responsibilities, and fee billing mechanics; (2) Clarification of Fiduciary Duties and Standard of Care - enhanced disclosures regarding fiduciary duties under the Investment Advisers Act of 1940; (3) Fee Billing and Valuation Clarifications - clarified advisory fee calculation and billing practices; (4) Private Investments and Affiliated Private Funds - clarified disclosures relating to private alternative investments and affiliated private investment vehicles; (5) Use of Multiple Advisory Agreement Forms - clarified different versions of advisory agreements may be in effect for different clients.
Change Details
Centurion Wealth Management, LLC made material changes to the Firm Brochure since the previous version of this Brochure dated January 9, 2025. Please see the summary of material changes below. (1) Centurion Wealth Management has added Private Equity Placements services, fees, risks and other financial activities. (Items 4, 5, 8 & 10). (2) Updated assets under management in Item 4.
Change Details
The following material change was made to this Brochure since the last annual update issued on March 12, 2025: The firm no longer takes discretion with respect to voting proxies on behalf of clients.
Change Details
Since our last annual amendment filing, we have the following material changes to report: Barry Rhea has assumed the role of Chief Compliance Officer; We have increased our maximum Financial Planning fee to $10,000; We have expanded our sub-advisory relationship with Aptus Capital Advisors to include certain Options Overlay Strategies that charge fees in addition to our advisory fee.
Change Details
"The material changes in this brochure from the last amendment are below. Material changes relate to Astoria Portfolio Advisors LLC's policies, practices or conflicts of interest. • Nicholas Cerbone has been added as co-PM for ROE and GQQQ as of January 2025. • As of Q2 2025 APA is no longer using third party vendor (Hybrid) to advertise on our behalf. • Effective 5-1-25 APA became the sub-advisor for the Astoria Dynamic Core US Fixed Income ETF (AGGA). • Nicholas Cerbone has been added as co-PM for PPI as of October 2025. • Will Pham is a new hire (non-rep) hired in September 2025 after being an intern for nearly two years. • Astoria provides periodic educational seminars and workshops to clients."
Change Details
The material changes in this brochure from the last amendment are below. Material changes relate to Astoria Portfolio Advisors LLC's policies, practices or conflicts of interest. • Nicholas Cerbone has been added as co-PM for ROE and GQQQ as of January 2025. • As of Q2 2025 APA is no longer using third party vendor (Hybrid) to advertise on our behalf. • Effective 5-1-25 APA became the sub-advisor for the Astoria Dynamic Core US Fixed Income ETF (AGGA). • Nicholas Cerbone has been added as co-PM for PPI as of October 2025. • Will Pham is a new hire (non-rep) hired in September 2025 after being an intern for nearly two years. • Astoria provides periodic educational seminars and workshops to clients.
Change Details
Since Our last annual amendment on March 28, 2024, this brochure has been amended as follows: Item 4 - Removed Uptick NexGen Program Services, Added language for the Altruist One platform, Disclosed Uptick Partners, LLC maintains a related entity, Holistic Tax Solutions, LLC; Item 5 - Removed Uptick NexGen Program Fee, Updated language to define hourly fee in Financial Planning and Investment Consulting & Business Exit Consulting Services, Added language for the Altruist One platform fee, Disclosed Uptick Partners, LLC maintains a related entity, Holistic Tax Solutions, LLC, Added language to clarify the fee for Advyzon AIM program; Item 7 - The firm no longer charges a minimum annual fee for investment advisory services; Item 12 - Added Raymond James & Associates as a Custodian, Added language for the Altruist One platform disclosure, Added language for structured note trade away platforms; Item 14 - Added Educational and Client Event Sponsorship.
Change Details
Material Change to Item IV: Advisory Business - Effective January 1, 2026, there was a change in principal ownership from Vincent J. Whelan, CFP® to Portia L. White, CFP®, Taylor J. Whelan, CFP®, Stephen C. Detweiler, CFP®, and Kasandra A. Dieu. Material Change to Item VIII: Investment Strategies - Whelan Financial now offers the WF AI Infrastructure Strategy and the WF AI Aggressive Growth Strategy.
Change Details
"During the reporting period, Nymbus Capital Inc. completed the acquisition of Sodagep, expanding its institutional client base, particularly among religious communities. In July 2025, the firm finalized the sale of its Private Wealth business, resulting in a reduced number of private wealth clients. These changes reflect Nymbus Capital's strategic focus on institutional asset management and the continued evolution of its client base"
Change Details
This brochure ("Brochure") serves as an amendment to the previous Brochure dated January 23, 2025. The following modifications have been made: Item 4 has been amended to include NewGen Primary Commodity Fund LP, as this fund was established in 2025.
Change Details
"The material changes in this brochure from the last annual updating amendment of WMG Financial Advisors, LLC on 03/18/2025 are described below." Specific changes include: (1) WMG has removed Roger Dale Davis and Rae Denise Haulk Davis. (Item 10.C); (2) WMG has updated Advisory Business and Methods of Analysis, Investment Strategies, & Risk of Loss (Item 4 and 8); (3) WMG has updated Outside Business Activities. (Item 10.C)
Change Details
Since the last annual amendment filed on 01/24/2025, we have the following material changes to report: Our firm has amended Item 14 to disclose that employees of Vantage Wealth are compensated for obtaining clients for the firm.
Change Details
"The following material changes have been made to this Disclosure Brochure since the last annual amendment filing on March 28th, 2025: (1) The Advisor now engages in soft dollar arrangements. Please see Item 12 for additional information. (2) The Advisor does not impose any minimum relationship sizes or annual fees."
Change Details
The material changes in this brochure from the last annual updating amendment of QP Wealth Management, LLC on 03/24/24 are described below. Material changes relate to QP Wealth Management, LLC's policies, practices or conflicts of interests. • QP Wealth Management, LLC has added Extraordinary Administrative Services (Item 4, 5) • QP Wealth Management, LLC has added Extraordinary Advisor Level Consulting Services (Item 4, 5) • QP Wealth Management, LLC has added Insurance referral services. (Item 4) • QP Wealth Management, LLC has removed the custodian, Goldman Sachs & Co LLC. (Item 12) • QP Wealth Management, LLC has added Standing Letter of Authorization (SLOA) language. (Item 15)
Change Details
The material changes in this brochure from the last annual updating amendment of QP Wealth Management, LLC on 03/24/24 are described below. Material changes relate to QP Wealth Management, LLC's policies, practices or conflicts of interests. Changes include: (1) Added Extraordinary Administrative Services (Item 4, 5); (2) Added Extraordinary Advisor Level Consulting Services (Item 4, 5); (3) Added Insurance referral services (Item 4); (4) Removed the custodian, Goldman Sachs & Co LLC (Item 12); (5) Added Standing Letter of Authorization (SLOA) language (Item 15).
Change Details
This Form ADV 2A Brochure was amended on January 27, 2025, to report the following updates: Item 4.A was updated to report John Schoolman's full ownership redemption with TruNorth Capital effective December 2024. Kristin Bennett and Jean-Claude Morisset became minority owners in December 2024. Item 4.B reflects that TruNorth Capital provides individualized investment management services and does not utilize Artificial Intelligence (AI) to determine an investment strategy or allocation policy. Item 4.E reflects TruNorth Capital's 2024 fiscal year end assets under management. Item 4.A and 4.B reflects an updated service and use of a Third Party Money Manager. Item 8 has been updated to reflect the use of margin transactions. Item 12.A was amended to include Transamerica as a recommended custodian. Item 12.B was updated to reflect current block trading-allocation practices. Item 17 was amended to reflect that TruNorth Capital no longer has proxy voting authority over grandfathered accounts. The Adviser does not proxy vote.
Change Details
"Since the last Annual Updating Amendment, dated February 19, 2025, Hilltop Wealth Advisors has the following material changes to report: (1) The Firm has updated its services (Item 4); (2) The Firm utilizes a blended fee, meaning that different rates are charged on different tranches of assets under management in accordance with the fee schedule (Item 5); (3) The Firm has updated its standard fee schedule and service level fees (Item 5)."
Change Details
Since that last filing, Verdis has added Still Pond Capital LLC as a relying adviser on its Form ADV, and this amendment incorporates information about the Relying Adviser. In addition, Verdis historically prepared two separate Brochures – one for its Wealth Advisory Business and one for its Private Funds business. This amendment consolidates the two separate Brochures into one Brochure.
Change Details
Since our last annual amendment filing, we now pay compensation to SmartAsset for their lead generation services. Please see Item 14 below for further details.
Change Details
Since the last filing on August 25, 2025, the following has been updated: Item 6 has been updated to disclose the use of Sub-Advisors. Address update throughout.
Change Details
"The following is a summary of material changes made to this Brochure: ● Update to include financial industry activities and affiliations."
Change Details
The following is a summary of material changes made to this Brochure: ● Update to include financial industry activities and affiliations.
Change Details
Since the filing of our last annual updating amendment on February 13, 2025, we have the following material changes to report: Item 4 - Increased hourly rates for financial plans where Julianne Erhart-Graves, CFP® and Margaret Gooley, CFP® both bill at $270/hour, paraplanner and support staff services at $110 per hour, and Investment Services staff at $270 per hour; Item 10 - New affiliation with Smitson Erhart-Graves Tax Advisors, LLC ("SETA") through common control and ownership, providing tax preparation services at $250/hour for 2025 and prior returns.
Change Details
"Since Humankind's last Annual Amendment to its Form ADV filed on March 27, 2025, there have been the following material changes: On September 19, 2025, Humankind updated Item 14 – Client Referrals and Other Compensation. On November 11, 2025 we updated this ADV brochure to disclose that an ETF from a fund family managed by Humankind was in the process of liquidation... Today we are updating this ADV brochure to disclose that the ETF from the fund family managed by Humankind was liquidated on December 8, 2025."
Change Details
Since Humankind's last Annual Amendment to Form ADV filed on March 27, 2025, there has been the following material updates: September 19, 2025: Updated Item 9 – Additional Information: Client Referrals; November 11, 2025: Updated Items 4 and 6 to disclose the Humankind ETF liquidation process; Current filing date: Updated to disclose the Humankind ETF was liquidated on December 8, 2025 and is no longer available for Humankind Portfolios clients
Change Details
This section summarizes changes since Indivisible's prior annual updating amendment on February 28, 2025: 1. Increase in Regulatory Assets Under Management (AUM). Indivisible has updated its assets under management to $1,546,665,076. 2. New Credit Solutions Offered via UPTIQ, Inc. Indivisible now offers access to credit solutions through a third-party provider, UPTIQ, Inc. 3. Clarifications to Insurance Services and Conflicts of Interest. Updated disclosure clarifying certain Financial Advisors' insurance activities and related conflicts through DPL Financial Partners, LLC. 4. Clarifications to Insurance Services and Compensation through DPL. We clarified our arrangement with DPL Financial Partners, LLC and its affiliate, Johnstone Brokerage Services, Inc. 5. Revised Margin Fee Billing Methodology. Indivisible is now offering the ability for clients to maintain margin in their advisory accounts. 6. Financial Planning Fee. We updated our financial planning and consulting fee disclosures to remove the previously stated fee range and instead describe a flexible fee structure. 7. Franklin Resources, Inc. Services. Franklin Resources, Inc. offers investment advisory services to investment advisers who meet a minimum asset threshold. 8. Participation in the Schwab Advisor Network (SAN) Program.
Change Details
The material changes in this brochure from the last annual updating amendment of IVC Wealth Advisors LLC on 03/08/2025, are described below. Material changes relate to IVC Wealth Advisors LLC's policies, practices or conflicts of interest. • IVC Wealth Advisors LLC has updated Other Business Activity. (Item 10.C)
Change Details
Since our last annual updating amendment on February 5, 2025, we have the following material changes to report: Item 4 has been updated to include A&P Portfolios.
Change Details
Since our last annual amendment update in January 2025, we have made the following material changes to our disclosure brochure: (1) Paradigm Wealth Management, LLC has changed its legal name to Paradigm Wealth Management, LLC; (2) changed contact phone number, email address and a new website at www.pwmlincoln.com; (3) additional office location in Lincoln, NE; (4) Item 4 – Andrew Pool is 90% owner of Paradigm Wealth Management as of December 31, 2025; (5) Item 4 - Travis Langemeier is no longer 25% owner of Paradigm Wealth Management as of December 31, 2025; (6) Item 10 – We added disclosure that our investment adviser representatives will be dually registered as investment adviser representatives with Paradigm Wealth Management for a period of time; (7) Item 12 - Paradigm Wealth Management, LLC offers custodian services through Altruist Financial LLC.
Change Details
Material Changes since last update on August 6, 2025: Form ADV Part 2A (Item 4 Advisory Business). DWM has established a relationship with Teachers Insurance and Annuity Association of America ("TIAA") to provide enhanced advisory services to clients holding assets on the TIAA platform.
Change Details
We have made the following material changes since our Annual Amendment filing dated February 28, 2025: Item 4 and Item 5 have been amended to reflect a financial planning service that allows clients to create, manage and administrate financial plans through a technology platform; Item 4 and Item 5 have been amended to reflect the addition of a tax stipend in relation to assisting a clients CPA, under limited use, in gathering tax forms under separate advisory agreement; Item 4, Item 5, Item 8, Item 10, and Item 17 have been amended to include a direct indexing strategy and use of a sub-advisor.
Change Details
The following material changes have taken place since Turas Capital Management LP's last firm brochure was filed on October 10, 2025: (1) Item 4-Advisory Business updated to reflect management of Turas Fund LP and $613,541,000 RAUM as of December 31, 2025; (2) Item 5-Fees and Compensation updated regarding addition of Turas Fund LP as a Client and related conflicts of interest; (3) Item 6-Performance Based Fees updated to reflect governing documents of Turas Fund LP; (4) Item 8-Methods of Analysis updated to reflect current geopolitical, economic, social, and political risks; (5) Item 10-Other Financial Industry Activities updated to add affiliation with Turas Advisors LLC.
Change Details
Since its last annual updating amendment on March 28, 2025, Manteio has updated this Brochure to reflect the removal of its relying adviser, 151 Capital Management LLC, and the appointment of Manteio as the adviser to its related private funds. In addition, the Brochure has been updated to include the disclosure of a new advisory client in which the Adviser provides non-discretionary investment advice as further disclosed in Item 4.
Change Details
The following material changes have been made to this Disclosure Brochure since the annual amendment filing on February 28, 2025: The Advisor may accept custody of certain client accounts and is subject to the annual surprise audit. Please see Items 4 and 15 for additional information.
Change Details
"The material changes in this brochure from the last annual updating amendment of Crown Wealth Group LLC on 02/07/2025 are described below. Material changes relate to Crown Wealth Group LLC's policies, practices or conflicts of interests." followed by four specific changes: (1) Crown Wealth Group, LLC has removed Robert Donald LeBeau; (2) Crown Wealth Group, LLC has no longer uses Polen Capital Management and Schafer Cullen Capital Management as Third Party Money Managers; (3) Crown Wealth Group, LLC has updated its Portfolio Management Fee; (4) Crown Wealth Group, LLC has updated its Estate Planning Services partner to Vanilla Technologies Inc.
Change Details
Since our last annual amendment filing dated February 04, 2025, the following material changes have occurred: 1. Organizational Change: The firm has undergone a change in legal structure. Specifically, it converted from a corporation to a limited liability company (LLC). 2. Firm Name Change: In connection with the organizational change, the firm also changed its legal name from Heritage Wealth Architects, Inc. to Boyum Wealth Architects LLC. 3. Schwab Institutional Intelligence Portfolios: the firm no longer uses Institutional Intelligence Portfolios offered through Schwab Portfolio Strategies. 4. Qualified Retirement Plans: the firm receives payment of advisory fees related to services provided to Qualified Retirement Plans at monthly and quarterly increments and both in advance and in arrears – depending on the billing practices of the Plan Administrator. 5. Updated Fee Schedule: The firm has updated its fee schedule under Item 5.
Change Details
Since our last annual amendment filed on January 27th, 2025, we have the following material changes to disclose: Effective October 2025 we no longer offer the Schwab Institutional Intelligent Portfolios.
Change Details
Item 1 has been amended to reflect the effective date of the current amendment. Item 4 has been amended with the AUMs as of December 31, 2025 and to add three new private funds managed by Scala.
Change Details
Since our latest required annual amendment to our ADV Part 2 Disclosure Brochure was filed in January 2025, the following material changes have been made to our disclosure brochure: (1) Our regulatory assets under management have increased. (2) Our custodial relationship with Interactive Brokers LLC is no longer active. (3) We have updated our Data Security policies, including our Information Security Plan, our Incident Response Program, and our Service Provider Due Diligence in accordance with SEC Regulation S-P. (4) Our outside business activities have been updated.
Change Details
Since our latest required annual amendment to our ADV Part 2 Disclosure Brochure was filed in January 2025, the following material changes have been made to our disclosure brochure: Our regulatory assets under management have increased; Our custodial relationship with Interactive Brokers LLC is no longer active; We have updated our Data Security policies, including our Information Security Plan, our Incident Response Program, and our Service Provider Due Diligence in accordance with SEC Regulation S-P; Our Outside Business Activities have been updated.
Change Details
"Since our previous filing on September 15, 2025, we have made the following material changes to this brochure: December 2025: 1. We have updated our main office address to 6901 Professional Pky E, Suite 200, Sarasota, FL 34240. Our mailing address is 14 Walsh Drive, Suite 302 Parsippany, NJ 07054-1060. 2. Item 10 has been updated to disclose a new outside business activity for one of our management persons. September 2025: 1. Added Financial Planning Subscription Service: $69/month. An advisor-assisted financial planning service via mobile app. April 2025: 1. Added language for Biblically Responsible Investing (BRI) portfolios in Item 4. 2. Added fees associated with Biblically Responsible Investing (BRI) portfolios in Item 5."
Change Details
"Pontera is no longer a service that is offered."
Change Details
"The following material changes have occurred since our last filing on August 6, 2025. • The Adviser has modified its fee schedule. Please see Item 5 for more information. • The Adviser has updated its disclosure brochure to provide additional clarification regarding its retirement plan services. These updates describe the Adviser's roles when providing services to employer-sponsored retirement plans, including services provided in a discretionary fiduciary capacity, a non-discretionary fiduciary capacity, or a non-fiduciary consulting capacity, as applicable. The updates also clarify the scope and limitations of such services. See Items 4, 5, 8, 10, 11 and 15 for more information. • The Adviser has updated its disclosure brochure to include additional information regarding its policies and practices related to compliance with Prohibited Transaction Exemption 2020-02 ("PTE 2020-02"). These updates address disclosures related to rollover and distribution recommendations involving retirement accounts and the mitigation of associated conflicts of interest. See Items 4, 5, 8, 10, 11 and 15 for more information."
Change Details
The following Material Changes occurred since our last ADV Part 2A filing amendment in January of 2025: Item 4 has been updated to include additional information about our Advisory Business. Item 5 has been updated to include additional information about our Fees and Compensation. Item 8 has been updated to include additional information about our Methods of Analysis, Investment Strategies and Risk of Loss. Item 14 has been updated to include additional information about our Client Referrals and Other Compensation.
Change Details
Since the last update on February 4, 2025, the following changes have occurred: We no longer offer estate planning assistance services through Wealth.com. All references to this service have been removed from this ADV. We are now majority owned by Post Oak Private Wealth Holdings, LLC. We now also offer Fidelity Brokerage Services as an approved custodian. As part of our discretionary management services, we now also offer Multi-Asset Class Portfolios. Additional information about the fees and services can be found in Item 4 & Item 5 below. We have updated our minimum account size requirement to $1,000,000.
Change Details
Section 2 states "We are disclosing the following material changes." The filing describes two material changes: (1) "As of the date of this Brochure and with the 31 December 2025 departure our sole non-discretionary (advisory) client, we do not at this time have assets under management ('AUM')." (2) "With the grant of our license with FINMA, the Swiss financial services regulator, we are actively marketing our services to discretionary clients and intend to have both discretionary and non-discretionary clients with AUM in the near future, and we will amend our Form ADV when this occurs."
Change Details
The following material changes have occurred since our last Annual Amendment filing: (1) We have added the ability to use third-party money managers; (2) We now have an affiliated bank and trust company (Vista National Bank and Trust); (3) We now recommend the custodial services of Interactive Brokers for certain client accounts; (4) Effective January 1, 2026, we have moved our primary office location to 100 South Brentwood, Suite 350, Clayton, MO 63105.
Change Details
Since our annual amendment filing dated March 1, 2025, we have made the following material changes to our Form ADV: • More detailed explanation of fee calculation. • Addition of Fidelity as a custodian.
Change Details
The following material changes have been made to the Form ADV Part 2A since the initial filing of the form: On December 18, 2025, the following sections were amended to disclose services related to Estate Planning services and to disclose the conflict of interest that exists between Sanchez Gaunt Capital Management and Estate Planning Advisors Of America, LLC (EPAOA): Item 4: Advisory Business, Item 5: Fees and Compensation, Item 10: Other Financial Industry Activities and Affiliations
Change Details
The following material changes were made in this brochure from VERITY's last annual updating amendment of March 24, 2025. • Clarification and confirmation that Schwab's Institutional Intelligent Portfolios program was terminated in 2024 and that all affected client accounts have been transitioned to VERITY's traditional discretionary portfolio management platform. • Update to assets under management as of the most recent fiscal year-end.
Change Details
Pathworks Financial, Inc. has made the following material change to this disclosure brochure since the date of its last annual amendment filing (January 23, 2025): Item 4 – Advisory Services / Item 5 – Fees and Compensation - amended to include a description of, and fees associated with, its new family office services; Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss - amended to include a new investment strategy and concomitant risk factors to reflect that we may recommend clients invest in alternative investments, including digital assets; Item 12 – Brokerage Practices - disclosed that it uses Fidelity Digital Asset Services, LLC as custodian for digital assets.
Change Details
Pathworks Financial, Inc. has made the following material change to this disclosure brochure since the date of its last annual amendment filing (January 23, 2025): Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss was amended to include a new investment strategy and concomitant risk factors to reflect that we may recommend clients invest in digital asset securities. Item 12 – Brokerage Practices was updated to disclose that it uses Fidelity Digital Asset Services, LLC as custodian for digital assets.
Change Details
"As a newly registered investment adviser effective June 13, 2025, we have made the following material changes since our initial filing: ● Discretionary Investment Management ● Use of Third-Party Sub-Advisers ● Fee Treatment for Sub-Adviser Managed Assets ● Strategy-Specific Risks ● Client Referrals ● Additional Financial Planning Services ● IRA Rollover Recommendations ● Third-Party Service Provider ● Brokerage Practices Update"
Change Details
"The following material change was made to this Brochure since the last annual update issued on February 26, 2025: The firm no longer takes discretion with respect to voting proxies on behalf of its clients. Effective September 8, 2025 the Firm has revised its fee schedule for prospective clients to the following: CSA's asset-based fee is negotiable and will not exceed a maximum percentage of 1.3%."
Change Details
The following material change was made to this Brochure since the last annual update issued on February 26, 2025: (1) The firm no longer takes discretion with respect to voting proxies on behalf of its clients. Please refer to Item 17: Voting Client Securities for more information. (2) Effective September 8, 2025 the Firm has revised its fee schedule for prospective clients to the following: CSA's asset-based fee is negotiable and will not exceed a maximum percentage of 1.3%.
Change Details
Since our last annual amendment dated January 2025, Erik J. Anderson ceased providing Retirement Plan Services and sold the assets of Employee Incentive Plans to a third-party firm named July Business Services. Retirement plan services clients have all transitioned away from AtlasMark Financial, Inc. We also removed all references to having affiliated insurance agents because no one that currently works for AtlasMark Financial, Inc. is registered as an insurance agent.
Change Details
This updated Form ADV Part 2A contains the following changes from the prior version: Item 4E – Updated LPAM's AUM figure as of December 31st, 2025. Item 14B – Incorporated solicitation agreement language to demonstrate that Legion currently maintains solicitation engagements.
Change Details
Lewis Asset Management, LLC removed Interactive Brokers as a custodian (Item 12).
Change Details
"Since the March 24, 2025, filing, there have been the following material updates to report. Item 10 has been updated to include disclosures regarding the firm's participation in Alpha Capture Programs."
Change Details
"Silver Private Credit Fund Management is currently a registered investment adviser, relying on the registration of Silver Point Capital, L.P. In order to file as a standalone adviser, Silver Private Credit Fund Management is required to file an application with the SEC. Accordingly, this Brochure is filed in connection with Silver Private Credit Fund Management's initial filing as a standalone adviser... While this filing contains certain updates to the Brochure relevant to Silver Private Credit Fund Management as a standalone adviser, we do not feel the changes and updates are material to Silver Point Capital, L.P. Importantly, once the standalone registration is effective, Silver Private Credit Fund Management is expected to only provide advisory services to business development companies ('BDCs') and will therefore not be required to deliver or file a Brochure, pursuant to Advisers Act Rules 203-1. This Brochure will be retired at that time."
Change Details
Material Changes since the Last Annual ADV Part 2 Update in December 2024: • The fee schedule has been updated. • The assets under management have been updated. • Description of firm services has been revised. • Expanded disclosure regarding portfolio management methodologies, including tax-efficient and systematic investment processes.
Change Details
The following material changes have been made since the last filing and distribution to Clients: This ADV update is to complete the 120-day SEC filing. Please see Item 4.E for updated Assets Under Management. The Advisor offers ERISA 3(38) services. Please see Items 4 and 5 for additional information.
Change Details
The following material changes have occurred since the last filing on January 20, 2025: Updated Custodian relationship to include Charles Schwab and Fidelity Investments.
Change Details
We have made the following material changes since our last filing on February 14, 2025. Items 4 & 16 – We are moving to a discretionary service model. As such, beginning January 1, 2026, we will only offer discretionary advisory services for new clients, and will slowly move existing clients into such a model. Item 5 – Our fees for planning and consulting services have increased. Item 7 – We are increasing our minimum account balance to $500,000.
Change Details
"This brochure includes the following material changes since the last version of this brochure, which was filed in March of 2025. New language has been added to reflect the following: ● QuantStreet's assets under management increased to approximately $190,000,000 as of January 2026. ● QuantStreet has applied for investment adviser registration with the SEC and expects to withdraw its investment adviser registration with the State of New York upon approval of its SEC registration. ● The brochure further describes QuantStreet's use of a proprietary machine learning algorithm, including the addition of related risk disclosures. ● QuantStreet has a policy not to vote proxies for clients unless a particular client requests that the firm does so and provides written instructions about how to vote. ● QuantStreet does not typically aggregate orders into block trades, but rather enters separate orders for each client account, which may result in less favorable pricing as compared to aggregation."
Change Details
Since the Firm's last annual amendment dated February 18, 2025, the Firm began recommending to clients the use of independent managers with whom clients sign separate agreements.
Change Details
The firm updated the following items:\n\nItems 4 and 5: These items were updated to disclose Barnett & Company's retirement plan support services. The firm provides education-only services to employer sponsored retirement plans which include general information about plan features, asset class education, explanations of risk and return concepts, and participant financial wellness programs. For these education only services, Barnett & Company is compensated directly by the plan sponsor based on the terms of the service agreement. Item 5 was also updated to disclose that special handling fees may be charged in connection with certain securities transactions and are not included in the firm's advisory fee.\n\nItem 17: This item was updated to indicate that where Barnett & Company is authorized to vote client proxies, the firm will evaluate securities class action matters and determine whether it is appropriate to file proofs of claim on behalf of clients. In cases where Barnett determines that filing a claim is warranted, the firm will prepare and submit the proof of claim documentation.
Change Details
Sheffield Asset Management, L.L.C. ended its role as investment advisor for the separately managed account as of December 1, 2024. Sheffield Asset Management, L.L.C. relocated from 900 N. Michigan Avenue, Suite 1720 to 980 N. Michigan Avenue Suite 1200 as of January 1, 2026.
Change Details
"The material changes in this brochure from the last annual updating amendment of BLVD Private Wealth, LLC on March 3, 2025 are described below. Material changes relate to BLVD Private Wealth, LLC's policies, practices, or conflicts of interests only. BLVD Private Wealth, LLC has updated its Outside Business Activity. (Item 10.C)"
Change Details
Since the last annual amendment filed on January 7, 2025, the following changes have been made: • The firm has updated the address for its principal place of business in Item 1. • The firm now accepts proxy voting authority for client securities. This is disclosed in Item 17.
Change Details
This Brochure contains material changes in content from our last annual amendment disclosure document dated January 1, 2025, and provides new and updated information in plain simple English. Ark Advisors, LLC has the following material changes to disclose: Item 12 – Ark Advisors uses Wells Fargo Clearing Services for custody and trade execution services. Ark Advisors no longer uses Charles Schwab & Co., Inc.
Change Details
Since that time, the following material changes have been made: (1) On January 1, 2026 RetireWise Tax and Wealth Advisors, Inc. was merged into RetireWise, Inc. As part of this merger, RetireWise Tax and Wealth Advisors, Inc. will no longer exist. Simultaneously, RetireWise, Inc. was renamed RetireWise Tax and Wealth Advisors, Inc.; (2) Also, as of January 1, 2026, insurance products are being offered under RetireWise Tax and Wealth Advisors, Inc.
Change Details
The material changes in this brochure from the last annual updating amendment of AWAIM on 02/12/2025 are described below. Material changes relate to AWAIM's policies, practices or conflicts of interests. • AWAIM has updated its email address. (Cover Page) • AWAIM has removed broker-dealer affiliations with LPL Financial LLC. (Item 10) • AWAIM has added Johnstone Brokerage Services, LLC as a custodian. (Item 12)
Change Details
Since our last annual update was filed on 1/2025, material changes made to this brochure include: Item 4 - Description of services provided under a Total Wealth Management agreement was reworded to be more succinct; Updated Investment Advisory Services to remove "non-discretionary authority". All assets with AW will be managed on a "discretionary authority" basis; Updated to reflect current assets under management. Item 10 - Item 10c has been updated to add additional language and description around outside business activities.
Change Details
Since the firm's last required annual amendment to this disclosure brochure was filed in February 2025 the following material change has been made: In October 2025 the firm added a new trading strategy. Please refer to Item 4-Advisory Business and Item 5 – Fees and Compensation for more specific information.
Change Details
"The material changes in this brochure from the last annual updating amendment of Independence Wealth Advisors, LLC on 03/07/2025 are described below. Material changes relate to Independence Wealth Advisors, LLC's policies, practices or conflicts of interests only. • Independence Wealth Advisors, LLC had added Altruist as a custodian. (Item 12) • Independence Wealth Advisors, LLC added Pontera Solutions Inc to services. (Items 4 and 5) • Independence Wealth Advisors, LLC has added Parametric Portfolio Associates LLC as a third party money manager. (Item 5)"
Change Details
Since our last annual updating amendment dated March 29, 2024, we have the following material changes to report. • We have updated our website to https://www.elysiumwealthmanagement.com. • In order to provide better transparency and processing efficiency, we will no longer charge an annual asset-based fee billed quarterly in advance based on the average daily balance of assets through the previous quarter. Our annual asset-based fees are billed quarterly in advance based on the quarter-end market value of the previous quarter. • We have added a Wealth Consultation service which allows us to offer advice on a one-time or ongoing engagement. • The hourly fee for our financial planning service was increased to $350 per hour for clients who request this service. • We are affiliated with Elysium Real Estate and Prime Residential Broker by common ownership and control through Elysium Holdings, Inc. • We have updated the Custody section language, including adding standing letters of authorization.
Change Details
Since our last annual update on March 5, 2025, Dick Rivera & Associates does not have any material changes to the business. Dick Rivera & Associates completed the sale of the advisory practice on 12/29/2025. It has no advisory clients and no assets under management as of that date.
Change Details
Since the most recent update of this Form ADV Part 2A brochure (the "Brochure"), dated March 27, 2025, we have made the following material changes to the Brochure as summarized below and found in more detail under the following items: Item 8: Methods of Analysis, Investment Strategies and Risk Loss - Update of two strategies as of November 2025, (1) Fairfax Bond Alternative Permanent (2) Portfolio and Fairfax Balanced Permanent Portfolio.
Change Details
Since Bell City Wealth's last filing on March 20, 2025, the following material changes have been made to this brochure: Item 1 has been amended to reflect our updated name, address and website. Item 8 has been amended to reflect risks associated with buffered ETFs. Item 12 has been amended to reflect our current practices regarding aggregating trades.
Change Details
Please note that that the following material changes were made to this Brochure as the date of this Brochure, and since our last delivery or posting of the Brochure on the SEC's public disclosure website ("IAPD") www.adviserinfo.sec.gov. Item 4 – Advisory Services – The firm has partnered with a CPA to offer Tax Planning services for clients who elect to Financial Planning services and a Medicare Insurance Specialist for Medicare insurance plan services to clients of the firm. Item 5 – Fees and Compensation – The portfolio management fees, retirement planning fees and third-party money manager fees, are now being charged monthly in arrears. Item 14 – Client Referrals and Other Compensation – The firm has entered into a referral arrangement with a CPA to offer Tax Planning services and a Medicare Insurance Specialist for Medicare insurance plan service to clients of the firm.
Change Details
"Intentional LLC has the following material changes to report. Material changes relate to Intentional LLC's policies, practices or conflicts of interests. • Intentional LLC has updated their Assets Under Management (Item 4). • Intentional LLC has updated its ownership. (Item 4) • Intentional LLC has added Due Diligence and Monitoring of Alternative Investments. (Items 4 and 5) • Intentional LLC has added the use of soft dollars. (Items 12 and 14)"
Change Details
"Intentional LLC has the following material changes to report. Material changes relate to Intentional LLC's policies, practices or conflicts of interests. • Intentional LLC has updated their Assets Under Management (Item 4). • Intentional LLC has updated its ownership. (Item 4) • Intentional LLC has added Due Diligence and Monitoring of Alternative Investments. (Items 4 and 5) • Intentional LLC has added the use of soft dollars. (Items 12 and 14)"
Change Details
"This Brochure is Catchment Capital's Form ADV Part 2A which has been updated to reflect the changes to the business for its annual amendment. This update also serves as Catchment Capital's 120-day amendment, in addition to the 2025 year-end annual amendment. Catchment Capital now advises client assets through its pooled investment vehicles and is managing the required assets to remain a registered investment adviser with the SEC."
Change Details
This Brochure contains material changes from the last firm brochure dated as of February 19, 2025 including, but not limited to: LCRWM updated Item 8 to disclose derivatives.
Change Details
"Since our last annual update was filed in February 2025, the following material changes have been made to our disclosure brochure." Specifically: Items 4 & 5 - Added discretionary sub-advisory services of SpiderRock Advisors, LLC and related fees; Item 8 - Added risks pertaining to options trading, puts and calls, derivatives, and eligible collateral instruments.
Change Details
The following is a discussion of the more significant changes to our brochure since the last amendment was filed on October 1, 2025. • Item 4 - Advisory Business was updated to reflect that we are transitioning our investment adviser registration from various state securities authorities to the U.S. Securities and Exchange Commission and to provide updated information on our asset under management and investment advisory services that we provide to clients. • Item 8 - Methods of Analysis, Investment Strategies and Risk of Loss was updated to provide additional information about the investment strategies that we provide to clients, as well as the various risks associated with those investment strategies. • Item 10 - Other Financial Industry Activities and Affiliations was updated to provide information about our financial industry activities and affiliations with related and other parties and potential conflicts of interest that we face associated with such activities and affiliations. • Item 14 - Client Referrals and Other Compensation was updated to provide additional information about our referring adviser services as well as promoter arrangements with other parties.
Change Details
Since the last filing on February 15, 2025, the following changes have been made: Item 4 has been updated to remove additional services offered. Item 9 has been updated to remove an outside business activity.
Change Details
"The material changes in this brochure from the last annual updating amendment of Wilian Securities, LLC on 01/30/2025 are described below. Material changes relate to Wilian Securities, LLC's policies, practices or conflicts of interests. • Wilian Securities, LLC. has updated the language of Description of the Advisory Firm. (Item 4) • Wilian Securities, LLC. has updated the language of Investment Strategies. (Item 8) • Wilian Securities, LLC. has updated the language of Research and Other Soft-Dollar Benefits. (Item 12) • Wilian Securities, LLC. has updated the language for Custody. (Item 15)"
Change Details
Changes since our last annual filing dated 01/08/2025, include: Our phone and fax numbers have changed to the following: Phone/Text: (704) 803-5585, Fax: (980) 890-7414. We have added the use of Short Message Service ("SMS", "text") as another way to communicate with our clients.
Change Details
Since the date of our last brochure, there have been the following material changes: (1) The Firm expanded its advisory services to include discretionary and non-discretionary managed accounts for high-net-worth clients, including the allocation of a portion of client assets to a proprietary mutual fund managed by the Firm; (2) The Firm updated its disclosures to address conflicts of interest, fees, brokerage practices, and side-by-side management related to providing advisory services to both managed account clients and a proprietary mutual fund; (3) Longboard is no longer registered as a commodity pool operator ("CPO") regarding the Fund with the CFTC or NFA; (4) Regulatory Assets Under Management was updated.
Change Details
The inclusion of an additional fund in Item 4.
Change Details
The Firm has updated Items 4 and 5 to disclose that it provides estate planning consulting services for a fixed fee, and recommends Wealth, Inc. as an application when providing those services.
Change Details
"This Brochure, dated January 7, 2026, was prepared in accordance with the SEC requirements and contains the following material changes from our Annual update on January 11, 2025." Then lists 7 specific changes: (1) Item 4 - Advisory Business - updated language about other business names; (2) Item 4 - Advisory Business - updated language regarding advisory services to private funds/pooled investment vehicles and relationship with advisory affiliates; (3) Item 6 - Performance-Based Fees - added language regarding performance fees for pooled investment vehicles; (4) Item 7 - Types of Clients - enhanced language to identify pooled investment vehicles and private funds; (5) Item 8 - Method of Analysis, Investment Strategies and Risk of Loss - added language regarding risk of loss; (6) Item 11 - Code of Ethics - added language relating to pooled investment vehicles; (7) Item 15 - Custody - added language relating to pooled investment vehicles.
Change Details
"Since the update on March 31, 2025, there has been a material change with respect to the Adviser as noted below: As of January 5, 2026, Mr. Christian Bilger has assumed the role of the Adviser's Chief Compliance Officer. Since the update on October 29, 2024, Equilibrium Ventures, LLC made material changes to the Form ADV Part 2 Firm Brochure updating its fee ranges and structure charged to Clients as well as updates to the funds' strategies and methods of analysis. EQV also updated information related to Mr. Vinik's real estate investments through holding companies and his real estate activities as disclosed in Item 10 Other Financial Industry Activities and Affiliations. Mr. Vinik no longer holds a real estate license and does not provide real estate-related services."
Change Details
"Since filing its last annual amendment on March 18, 2025, the following material changes have occurred: Effective January 1, 2026, Item 12 - Added SEI Trust Company as a custodian."
Change Details
Since the last annual amendment filed on 01/14/2025, our firm has the following material changes to report: Our firm no longer maintains Standing Letters of Authorization granting third party money movement authority.
Change Details
The material changes in this brochure from the last annual updating amendment of Wealth Ease Wealth Management on 01/13/2026 are described below. Material changes relate to Wealth Ease Wealth Management's policies, practices or conflicts of interests. • The firm has updated its email address. (Cover Page) • The firm updated its Portfolio Management services and fees. (Items 4 and 5) • The firm is transitioning to registration with the United States Securities and Exchange Commission from its prior registration at the state level.
Change Details
"Since the last annual filing of the ADV Part 2A on March 28, 2025, the following material changes have been made:" followed by specific changes to Item 4 (Ray Henderson's title updated, disclosure of third-party contractors including Orion Portfolio Solutions, Tax Preparation added as a service, HFG no longer participates in Wrap Fee Programs), Item 5 (fee billing updated to advance billing instead of in arrears, fees for tax preparation added), and Items 4, 5, 12, and 15 updated to reflect use of Pontera Order Management System for held-away accounts.
Change Details
There have been material changes to our Firm Brochure since the last annual amendment filing dated March 26, 2025. The firm has transitioned to SEC registration from state-level registration. Item 1 has been updated regarding office address. Item 4 has been updated regarding description of services and assets under management. Item 5 has been updated regarding description of fees. Item 8 has been updated regarding risk discourses. Item 10 has been updated regarding outside business activities. Item 11 has been updated regarding trading practices. Item 12 has been updated regarding brokerage. Item 13 has been updated regarding account reviews. Item 14 has been updated regarding economic benefits. Item 15 has been updated regarding custody. Item 16 has been updated regarding discretion. Item 17 has been updated regarding proxy voting.
Change Details
There have been material changes to our Firm Brochure since the last annual amendment filing dated March 26, 2025. Changes include: SEC registration transition from state-level registration, office address change (Item 1), services/AUM description (Item 4), fee description (Item 5), risk discourses (Item 8), outside business activities (Item 10), trading practices (Item 11), brokerage (Item 12), account reviews (Item 13), economic benefits (Item 14), custody (Item 15), discretion (Item 16), and proxy voting (Item 17).
Change Details
Since our last annual amendment brochure was filed in January of 2025, Vision Financial Management transitioned from being a state-registered adviser firm to federal registration with the U.S. Securities and Exchange Commission. Item 19 has been removed from this brochure because that section is only for state-registered firms. Respective items of the brochure have been updated to disclose our use of the Optimum Market Portfolio's program which is available through LPL Financial. We increased the maximum fee charged for financial planning services. We also revised the Referrals for Third-Party Money Managers section of Item 15.
Change Details
Since the last filing of this brochure on October 28, 2024, there have been the following material changes: The firm's logo has been updated. We have added Altruist Model Marketplace and discretion for asset management services.
Change Details
"Since the last annual update to the Form ADV Part 2A (the 'Brochure') on March 31, 2025, material changes to this Brochure include amendments to the following items:" followed by specific changes including: BlackRock's acquisition of ElmTree Funds, LLC (September 2, 2025), BlackRock's acquisition of HPS Investment Partners, LLC (July 1, 2025), updates to Items 4, 5, 7, 8, 10, 11, 12, 13, 14, 17 regarding advisory business, fees, client relationships, investment strategies, and client referrals, and closure of Private Investors SMA Program.
Change Details
On March 17, 2025, we submitted our annual updating amendment filing for fiscal year 2024. We have updated Item 4 of our Form ADV Part 2A Brochure to disclose discretionary assets under management of approximately $117,197,434, and non-discretionary assets under management of approximately $0. On June 25, 2025, we amended Item 4 of our Form ADV Part 2A Brochure to disclose Retirement Plan Consulting as one of the advisory services offered by our firm. We also amended Item 5 to provide disclosures about related fees and payment arrangements. On November 18, 2025, we amended Items 4 and 5 of our Form ADV Part 2A Brochure to describe our services and relationship with the co-adviser with more accuracy, and to provide additional disclosures regarding the sale of insurance products. We also amended Item 14 to provide additional disclosures about the receipt of benefits from our custodian and vendors. Additionally, Joseph Griffin is no longer employed by our firm. As such, we amended several sections of our Form ADV Part 2 Brochure to identify Gregory D. Black as our CCO.
Change Details
This brochure, dated 1/20/2026, contains the following material changes from the brochure dated 3/13/2025: Use of Artificial Intelligence Tools: The Firm has implemented artificial intelligence tools to support financial planning research and analysis. New disclosures have been added to Item 4 (Advisory Business) and Item 8 (Methods of Analysis, Investment Strategies and Risk of Loss) describing the Firm's use of AI, the controls and human oversight mechanisms in place, and the associated risks and limitations.
Change Details
The firm has amended its Form ADV Part 2 brochure from the previous version dated January 31, 2025 due to the following material changes: Update to our reportable assets under management as of our last fiscal year end (Item 4); Removal of educational workshops; Updates to reflect registration with the United States Securities and Exchange Commission (SEC).
Change Details
"Since the last update of this brochure, the following material changes have been made:" followed by: (1) Ownership Structure Update - Davivienda Advisors is now owned by Corredores Davivienda S.A. Comisionista de Bolsa (67.7%) and Davivienda Global S.A. (32.3%), formerly known as Holding Davivienda International, S.A.; (2) The model portfolio offering has been expanded to include 2 portfolios managed by Davivienda and an expanded non-discretionary customized portfolio offering with approved investment product lists; (3) Fee Schedule Update - revised annual management fee schedule effective December 23, 2025 with reduced fees across all tiers: Up to $100,000: 1.40% (previously 1.60%), $100,001 to $500,000: 1.25% (previously 1.40%), $500,001 to $1,000,000: 1.00% (previously 1.20%), Over $1,000,000: 0.80% (previously 1.00%).
Change Details
"Since the last update of this brochure, the following material changes have been made:" followed by three changes: (1) Ownership Structure Update - ownership now by Corredores Davivienda S.A. Comisionista de Bolsa (67.7%) and Davivienda Global S.A. (32.3%), formerly Holding Davivienda International, S.A.; (2) Model portfolio offering expanded to include 2 portfolios managed by Davivienda and expanded non-discretionary customized portfolio offering; (3) Fee Schedule Update - revised annual management fee schedule with reduced fees across all asset tiers effective December 23, 2025 (fees reduced from 1.60%/1.40%/1.20%/1.00% to 1.40%/1.25%/1.00%/0.80% for respective tiers).
Change Details
Since the last update of this brochure, the following material changes have been made: (1) Ownership Structure Update: Davivienda Advisors is now owned by Corredores Davivienda S.A. Comisionista de Bolsa (67.7%) and Davivienda Global S.A. (32.3%), formerly known as Holding Davivienda International, S.A.; (2) The model portfolio offering has been expanded to include 2 portfolios managed by Davivienda and an expanded non-discretionary customized portfolio offering with approved investment product lists; (3) Fee Schedule Update: Effective December 23, 2025, Davivienda Advisors has revised its annual management fee schedule for advisory accounts, with reduced fees across all asset tiers (e.g., Up to $100,000: 1.40% previously 1.60%).
Change Details
Since the last update of this brochure, the following material changes have been made: (1) Ownership Structure Update: Davivienda Advisors is now owned by Corredores Davivienda S.A. Comisionista de Bolsa (67.7%) and Davivienda Global S.A. (32.3%), formerly known as Holding Davivienda International, S.A.; (2) The model portfolio offering has been expanded to include 2 portfolios managed by Davivienda and an expanded non-discretionary customized portfolio offering with approved investment product lists; (3) Fee Schedule Update: Effective December 23, 2025, Davivienda Advisors revised its annual management fee schedule - Up to $100,000: 1.40% (previously 1.60%), $100,001 to $500,000: 1.25% (previously 1.40%), $500,001 to $1,000,000: 1.00% (previously 1.20%), Over $1,000,000: 0.80% (previously 1.00%)
Change Details
"Since the date of its last annual ADV amendment filing, 1818 Private Client Group LLC has the following material changes to disclose: (1) now facilitates currency swaps via client loans and pledged securities through independent and unaffiliated banks; (2) Teddy Heichman is no longer an owner or investment adviser representative; (3) updated its ownership information; (4) transitioned to registration with the United States Securities and Exchange Commission from its prior registration at the state level; (5) updated its assets under management."
Change Details
"The following material change has been made to this Disclosure Brochure since the previous filing on August 6th, 2025: The Advisor no longer compensates affiliated or unaffiliated parties for Client referrals. Please see Item 14 for additional information."
Change Details
"This section describes material changes made to Endure Capital LLC's brochure since the last amendment was filed on December 9, 2025. Since that update, the following material changes were made: Cover page was updated to reflect a change to Endure Capital's address; Item 4 was updated to reflect the latest Asset Under Management information; Item 7 was updated to include other investment advisers as type of clients."
Change Details
"Since our last other-than-annual amendment on 08/08/2025, our office has made the following material changes: (1) Our firm has changed its legal entity name from Arden Global Family Offices, LLC to Ardenwood Advisors, LLC; (2) Our firm has updated its office phone number to be 650-808-0875; (3) Form ADV Part 2A – Our firm has diversified its disclosed service offerings to include its Family Wealth Program and Standalone Administrative Services. Standalone Asset Management is no longer offered."
Change Details
Amended sub-advisor language to Item 4, 5, 10, 12, and 14.
Change Details
"Ideal Retirement Solutions, LLC has the following material changes to report. Material changes relate to Ideal Retirement Solutions, LLC's policies, practices or conflicts of interests." - Lists 7 specific changes: (1) updated office location, (2) updated Assets Under Management, (3) transitioned to SEC registration from state level, (4) updated Fees and Compensation, (5) added services offered to portfolio management clients, (6) added Estate Document Planning service, (7) added Subscription Services.
Change Details
"The following material changes have been made to this Disclosure Brochure since the initial amendment filing on June 11th, 2024: 1) The Advisor now offers both monthly and quarterly billing for its wealth management services. 2) The Advisor now may recommend that Clients utilize one or more unaffiliated investment managers or investment platforms for all or a portion of a Client's investment portfolio."
Change Details
"Halbert Wealth Management has resumed providing direct investment management to individual investors, reaffirming our commitment to delivering personalized investment/portfolio guidance. In addition, we now provide advisory services to Retirement Plans including 401(k) Plans. On December 1, 2025, Halbert Wealth Management, Inc., was acquired by Wellesley Asset Management, Inc., an SEC-registered investment adviser, through a wholly owned subsidiary. As a result of the transaction, WAM now owns 100% of the shares of Halbert Wealth. Michael Miller, CEO of WAM, has assumed the role of President of Halbert Wealth."
Change Details
"Aldemar Research Corporation has updated Item 16 to reflect both discretionary and non-discretionary services." "Aldemar Research Corporation has updated its assets under management. (Item 4.E)"
Change Details
"Since RCN Wealth Advisors, Inc.'s last filing of this brochure on February 28, 2025, we report the following material changes to our business: (1) RCN Wealth Advisors, Inc. is transitioning from state to federal investment adviser registration. (2) RCN Wealth Advisors, Inc. anticipates being approved as a co-sponsor and sub-adviser to the newly formed RCN Pareto Strategic Allocation ETF (Tidal Series Trust, 1940 Act File No. 811-23312) sometime in the 1Q 2026. (3) As a result of the ETF launch, certain business practice modifications are underway to effectively serve our clients as a fiduciary. The material changes are outlined in this brochure as detailed in Items 4, 5, 8, 11, 12, and 16."
Change Details
The material changes in this brochure from the last annual updating amendment of Pathway Partners Wealth Advisors, LLC on January 28, 2025, are described below. Material changes relate to Pathway Partners Wealth Advisors, LLC's policies, practices or conflicts of interests. • Pathway Partners Wealth Advisors, LLC is a licensed insurance agency. (Item 10)
Change Details
"2026 Material Changes: COVER – E-mail Address – Email address changed from (OLD)ksap@saperstonlegacy.com to (NEW) ksaperston@saperston.com; Item 4 – Advisory Business – Additional Research Venues that are utilized were added; Added the availability of Consulting Services for an hourly fee; Item 5 – Fees & Compensation – Paragraph 6 was amended due to termination of Relationship and registrations with a Broker-Dealer and Investment Advisor Firm; Item 10 – Other Financial Industry Activities and Affiliations – Section amended to remove all information regarding dual registration; Item 15 – Custody – Section wording amended for accuracy due to changes in some custodians"
Change Details
We are no longer offering standalone financial planning services.
Change Details
Items 4, 5, 6, 7, and 13 were updated to include separately managed accounts.
Change Details
"ARM Financial's last ADV Part 2 annual update was filed on March 17, 2025. Since then, the following material changes have been made: (1) SEC REGISTRATION: Effective December 19, 2025, ARM Financial LLC became registered with the U.S. Securities and Exchange Commission. Previously, the Firm was registered with state securities authorities. (2) ASSETS UNDER MANAGEMENT: As of December 31, 2025, the Firm manages approximately $49,000,000 on a discretionary basis, an increase from approximately $36,900,000 reported in the prior filing. (3) INDEX+ STRATEGY UPDATE: Effective September 2025, the Index+ Strategy was expanded to provide diversified exposure across growth equities, real assets, defensive sectors, and U.S. Treasury bonds. The updated strategy may now allocate to inflation hedges (gold, silver, and energy ETFs) and defensive sectors (utilities ETFs). (4) DISCLOSURE ENHANCEMENTS: We have updated and enhanced disclosures throughout this brochure to improve clarity and provide more detailed information about our services, fees, and practices."
Change Details
The material changes in this brochure from the last annual up-dating amendment of M2 Financial LLC on date 12/22/2025 are described below. Material changes relate to M2 Financial LLC's policies, practices or conflicts of interests. On December 22, 2025, With the addition of adding discretionary Advisory Services to U.S. Registered ETF Fund Clients, M2 is in the process of registering with the Securities and Exchange Commission as an advisor to an investment company registered under the Investment Company Act of 1940, and once completed will deregistered as a State registered advisor in California. On December 22, 2025, M2 Financial LLC ('M2') launched its discretionary Advisory Services to U.S. Exchange listed Registered ETF Funds through the Capital-Force ETF Trust. As part of the new advisory service, M2 established a separate Capital-Force ETF Division from its SMA advisory services.
Change Details
The material changes in this brochure from the last annual updating amendment on 01/09/2025 of Bullseye IG LLC are described below. Material changes relate to Bullseye IG LLC's policies, practices or conflicts of interests. Listed changes: (1) Bullseye IG LLC has transitioned to registration with the United States Securities and Exchange Commission from its prior registration at the state level. (2) Bullseye IG LLC has updated its apartment number. (Cover page) (3) Bullseye IG LLC has updated its outside business activities. (Item 10.C) (4) Bullseye IG LLC has updated its assets under management. (Item 4.E)
Change Details
Item 2 explicitly lists three specific changes since the last update: (1) "In Item 4, the foreign registrations of MCA Advisors and MCA Capital were updated." (2) "On October 24, 2025, Items 4 and 5 were updated to reflect the fact that MCA Advisors, with the exception of certain existing clients, no longer utilizes sub-advisors in the management of client portfolios." (3) "On January 6, 2026, the fee schedule in Item 5 for investment advisory services was updated."
Change Details
This brochure contains material updates and clarifying changes to the prior brochure: Item 4 - Now includes additional details regarding dub Advisor's advisory services, specifically introducing the Creator Program and Sponsored Portfolio overview; Item 5 - Fee structure has been revised to clarify that dub Advisors will use a new subscription model covering access to Premium Creators.
Change Details
Since our last update of this brochure on August 05, 2025, Childfree Wealth has made the following material changes: ● Item 5: Adviser updated to remove self directed services
Change Details
Since the last update on January 9, 2025, there has been one material change to this Brochure: Horizon manages Fee-Only Separately Managed Accounts (SMAs) custodied at Altruist Financial, LLC.
Change Details
In addition, we have made some changes to our fee structure to allow, along with fee adjustments, our ability to provide services with commissions providing an offset to regular fee charges.
Change Details
Since the last annual amendment filing on March 27, 2025, this brochure has been amended as follows: Item 4: The firm does not offer non-discretionary services to U.S based clients.
Change Details
Since the last annual amendment filing on March 27, 2025, this brochure has been amended as follows:\n• Item 4: The firm does not offer non-discretionary services to U.S based clients.
Change Details
"To better align operational, administrative and client services related support, the equity strategies and teams of F/m Investments ('FMI') joined Emerald Investment Advisers, LLC ('EIA LLC') on January 1, 2026. Both FMI and EIM LLC are majority-owned by 1251 Capital Group. Housing the equity strategies within the same structure creates a high level of synergy between these complementary operational, business, and back-office functions, improving client delivery and managing costs."
Change Details
"Since BoraBond's initial registration filing, the following material changes have been made to the brochure: Types of Clients (Items 4 and 7): The Firm updated its disclosure regarding the types of clients it serves to more accurately describe its current client base. Custody Disclosure (Item 15): The Firm added disclosure regarding its physical custody of client assets through the use of a Firm-controlled omnibus account used for transaction and settlement purposes. Affiliations (Item 10): The Firm added disclosure regarding its affiliation with BoraPay, including a description of the nature of the relationship. As described in Item 5 (Fees and Compensation), the Firm has updated its disclosure regarding the collection of advisory fees for certain fixed income investments."
Change Details
The following material changes occurred since the initial filing dated August 26, 2025: • Item 4: Updated to clarify investment advisory services with regards to portfolio construction. Updated regulatory assets under management as of December 31, 2025. • Item 7: Updated client types. • Item 13: Clarified titles of supervised persons conducting account reviews.
Change Details
This brochure amends Harbinger Alternative Associates, LLC's initial Form ADV Part 2A filed on August 12, 2025. This brochure amendment reflects updates to the description of the business practices of Harbinger Alternative Associates, LLC and its affiliates, including Items 4, 5, 8 and 15.
Change Details
The following material changes have occurred since the Firm last filed its brochure. Paradoxiom Capital has updated Item 4-Advisory Business to reflect its current regulatory assets under management ("RAUM"). Item 8- Methods of Analysis, Investment Strategies and Risk of Loss was updated to reflect current geopolitical risks, force majeure, and the current economic, social, and political environment.
Change Details
Section 2 describes two material changes: 1) "Luedtke has entered into an arrangement with Orion to be a Third Party Asset Manager ('TPAM')" and 2) the firm is transitioning client accounts from Commonwealth Financial Network and its affiliated broker-dealer, National Financial Services ('NFS'), to their preferred broker-dealer and custodial partner, Charles Schwab & Company, Inc. ('Schwab'), with detailed fee billing procedures explained for the transition period.
Change Details
Cove has the following material changes to report. Material changes relate to Cove’s policies, practices or conflicts of interests. Cove has added one (1) additional ETFs to its offering as follows: NRL (VanEck Uranium and Nuclear ETF), AIQ (Global X Artificial Intelligence & Technology), and QQQ (Invesco QQQ Trust, Series 1). Cove has enhanced its platform functionality to allow clients to place bundled ETF purchase instructions through curated ETF "collections" aligned to different risk profiles, as well as to establish client-directed recurring investment instructions for individual ETFs or ETF collections.
Change Details
Since our last ADV update, we: • Added a phone number and website URL on the cover page for SmartPath Advisors' service Frank • Revised Item 4: Advisory Business - Types of Advisory Services and Client Tailored Services and Client Imposed Restrictions to incorporate the Frank service • Revised Item 5: Item 5: Fees and Compensation to incorporate information about the Frank service • Revised Item 8: Methods of Analysis, Investment Strategies and Risk of Loss to include information about Frank • Revised Item 10: Other Financial Industry Activities and Affiliations to include Frank • Revised Item 13: Review of Accounts to incorporate Frank and reflect Retirement Readiness' operations
Change Details
The following material changes were made to the Brochure since the last annual update was made on January 30, 2025. Item 5 was updated to disclose that the Firm has entered into a service fee arrangement with at least one insurance broker agency in the United States where the Firm will receive a portion of the first year and renewal compensation that the insurance broker receives from the sale of insurance products to a client referred by the Firm. On June 13, 2025, Item 10 was updated to disclose that the conflict of interest described in this item will be addressed by the Firm by fully disclosing to the client any compensation that the Firm will receive and by ensuring that the recommendation or referral is in the best interest of the client without taking into account any compensation received by the Firm.