Description of the Advisory Firm Benchmark Financial Wealth Advisors LLC (herein after “BFWA LLC”) is an independent investment advisory firm registered with the Securities and Exchange Commission ("SEC") under the Investment Advisers Act of 1940, as amended. BFWA LLC was organized as a limited liability company under the laws of the State of Florida on February 10, 2017, and has offices in Boca Raton, Sunrise, and Jupiter, Florida. BFWA LLC’s registration with the SEC became active on July 7, 2017, and is the successor business to Benchmark Financial Group LLC., formed in 2005 and Benchmark Financial Group, Inc. incorporated in January 1999. The principal owners are Benchmark Financial Group, Inc, (BFGI) Benchmark Financial Group LLC. (BFGL), and DB Benchmark, LLC. Additional ownership includes minority owner: Philip Piedt through his holding company MP Holdings Group, LLC. Roger Kalina is the Chief Compliance Officer and indirectly owns BFWA LLC through BFGI and BFGL. For additional information on the ownership structure of BFWA LLC please see https://adviserinfo.sec.gov/ or Investor.gov/CRS (CRD #287966) Types of Advisory Services BFWA LLC provides the following services to its clients based on each client's individual needs and circumstances. Most clients engage BFWA LLC to manage their financial life and provide ongoing wealth guidance and asset management services. Services for clients may vary based on their personal needs. Advice is provided through consultations with the client and generally will include the following where applicable to the relationship: determination of financial goals and objectives, identification of financial concerns, cash flow management, insurance review, asset management, education funding, retirement and income distribution planning, estate planning and employer sponsored retirement plan design and implementation. Client relationships vary in scope and length of service. WEALTH GUIDANCE/FINANCIAL PLANNING BFWA LLC provides wealth guidance services for clients with varying needs based on the clients’ current financial status and determination of financial objectives. All aspects of the client’s financial affairs are reviewed. Realistic and measurable goals are set and strategies to achieve client’s goals are defined. The initial consultation, which will be by telephone or in person, is free of charge and used to determine if our services will be beneficial to the client. Clients can hire BFWA LLC to provide wealth guidance services on a one- time basis or continually until canceled. A one-time engagement is typically concluded upon the delivery of advice, unless stated contrary in our agreement with the client. ASSET MANAGEMENT Investment advice is an integral part of overall financial planning. BFWA LLC will manage Client’s investment portfolios on a discretionary or a non-discretionary basis, as part of our ongoing wealth guidance services. We provide investment strategy, asset allocation, security selection, portfolio monitoring and periodic rebalancing. Prior to the rendering of any of the foregoing advisory services, clients are required to enter into one or more written agreements with BFWA LLC setting forth the relevant terms and conditions of the advisory relationship Each client will have an Investment Policy Statement for their accounts and/or household. Additionally, the client is provided with regular meetings, telephone consultations, emails, and information regarding market and economic conditions, and internet access to investment accounts. Prior to rendering service, BFWA LLC reviews the client’ financial situation, personal goals, investment objectives, risk tolerance, concerns, and current investment portfolio (if applicable) and makes recommendations to clients regarding their portfolios. BFWA LLC primarily allocates client assets among various independent investment managers, independent managers, mutual funds, fixed income securities, real estate funds (including REITs), insurance products including annuities, equities, hedge funds, private equity funds, ETFs (including ETFs in the gold and precious metal sectors), commodities, non-U.S. securities, venture capital funds and private placements BFWA LLC will offer certain Structured Products through Omnibus accounts at participating broker-dealers that will maintain custody of such assets for the clients. BFWA LLC can use other securities as well to help diversify a portfolio when applicable. In some circumstances we will provide guidance, education, and limited recommendations on digital/crypto assets. We will not have any direct trading or access to the client's digital/crypto assets, wallets, or digital/crypto platforms. BWFA does manage Mutual Funds and ETFs that hold digital/crypto assets. These assets are held by qualified unaffiliated custodians and traded on traditional exchanges. Please refer to Item 8 Methods of Analysis, Investment Strategies & Risk of Loss for more information. USE OF INDEPENDENT MANAGERS As mentioned above, when appropriate and in accordance with the Investment Plan for a client, BFWA LLC shall recommend the use of one or more Independent Managers (Manager). Having access to various Managers, and a wide variety of manager styles, offers clients the opportunity to utilize more than one Manager, if necessary, to meet the needs and investment objectives of the client. BFWA LLC will usually select or recommend the Manager(s) it deems most appropriate for the client. Factors that BFWA LLC considers in recommending/selecting Managers generally include the client’s stated investment objective(s), management style, performance, risk level, reputation, financial strength, reporting, pricing, and research. The Manager(s) will generally be granted discretionary trading authority to provide investment supervisory services for the portfolio. Under certain circumstances, BFWA LLC retains the authority to terminate the Manager’s relationship or to add new Managers without specific client consent. In other cases, the client will ultimately select one or more Managers recommended by BFWA LLC. Fees paid to such Manager(s) are separate from and in addition to the fee assessed by BFWA LLC. BFWA LLC evaluates various information about how the independent managers choose to manage client portfolios, which may include the public disclosure documents, materials supplied by the independent managers themselves, and other third-party analyses it believes are reputable. To the extent possible, the firm seeks to assess the independent managers’ investment strategies, past performance, and risk results in relation to its clients’ individual portfolio allocations and risk exposure. BFWA LLC also takes into consideration each independent manager’s management style, returns, reputation, financial strength, reporting, pricing, and research capabilities, among other factors. On an ongoing basis, BFWA LLC monitors the performance of those accounts being managed by independent managers. BFWA LLC seeks to ensure the independent managers’ strategies and target allocations remain aligned with its clients’ investment objectives and overall best interests. The specific terms and conditions under which a client engages an independent manger are set forth in a separate written agreement between the designated independent manager and either BFWA LLC or the client. In addition to this brochure, clients will also receive written disclosure documents of the independent managers engaged to manage their assets. BFWA LLC does not receive compensation from any such independent manager. On an ongoing basis, BFWA LLC monitors the performance of those accounts being managed by independent mangers BFWA LLC seeks to ensure the independent manger’s strategies and target allocations remain aligned with its clients’ investment objectives and overall best interests. WEALTH GOVERNANCE SERVICES BFWA LLC acts as the individual or families “personal chief financial officer”. In addition to our standard wealth guidance services, at times we will interview and outsource a portion, or all, of the investment management to independent professional asset managers, who are not affiliated with BFWA LLC. We will assist the client in selecting managers, monitor the managers on an ongoing basis, and have scheduled meetings with client and investment managers. Clients are solely responsible for executing any documents required by the investment manager and for continuously maintaining any subsequent documentation required after the initial investment is made. The manager will be responsible for the execution of trades. This holistic view of Client’s Assets (Reported assets include those over which the client does not grant BFWA LLC investment discretion. Such assets are included for informational purposes only.) As a convenience to our clients, in addition to reporting on clients’ financial assets, at a client’s request, the client’s Consolidated Report may also include certain non-financial assets (e.g., real assets). In such instances, we rely on the client to provide current and accurate price or other valuation information for those assets to be included in the client’s consolidated account report. We do not independently verify, and expressly disclaim responsibility for, the accuracy of any non-financial asset values (including any portfolio performance including those values) clients provide to us to include in their reporting. Services:
• Document Management and Archiving: Maintain copies of all family document inventory including entity organization documents, tax documents, a summary of major assets by ownership, key contacts, investment documents and financial reports, and correspondence.
• Family Governance: Family meeting governance system.
• Education: Provide access to group and individual education programs for family members encompassing a wide variety of topics, including next-generation education.
• Consolidated Financial Reporting
• Consolidated Net Worth Report
• Consolidated Asset Summary Report
• Consolidated Real Estate Inventory
• Cash Flow Summary Fees for this service will be documented in the client’s agreement and deducted directly from the account or related account maintained at the custodian, paid by the client via check, credit card, or bank account. Please contact us with any questions concerning the fee calculation and deduction method. EMPLOYER SPONSORED RETIREMENT PLAN SERVICES BFWA LLC offers (1) Discretionary Investment Management Services, (2) Non-Discretionary Investment Advisory Services and/or (3) Retirement Plan Consulting Services to employer-sponsored retirement plans and their participants. Depending on the type of the Plan and the specific arrangement with the plan’s sponsor (Sponsor), we may provide one or more of these services. Prior to being engaged by the Sponsor, we will provide a copy of this Form ADV Part 2A along with a copy of our Privacy Policy and Retirement Plan Consulting Agreement (Agreement) that contains the information required under Sec. 408(b)(2) of the Employee Retirement Income Security Act ("ERISA") as applicable. For participant-directed plans, the Agreement authorizes BFWA LLC to deliver one or more of the following investment-related services as a “fiduciary” under ERISA (as applicable):
• Development and/or review of Investment Policy Statement (IPS)
• Advice concerning or management of Designated Investment Alternatives (DIAs)
• Advice concerning or management of Qualified Default Investment Alternative (QDIA)
• General Participant investment advice. In addition, participants may also hire us for comprehensive personalized advisory services. For trustee-directed plans, the Agreement authorizes BFWA LLC to deliver one or more of the following investment-related services as a fiduciary under ERISA (as applicable):
• Development and/or review of Investment Policy Statement (IPS)
• Advice concerning or management of the plan’s trust account. To the extent the plan is subject to Title I of ERISA, non-discretionary advice concerning selection of i) DIAs, ii) QDIA, iii) trust accounts, and iv) participant accounts will be provided as a fiduciary as defined under ERISA Sec. 3(21)(A)(ii). Discretionary management of i) DIAs, ii) QDIA, and iii) trust accounts will be provided as an investment manager as defined under ERISA Sec. 3(38) and as a fiduciary as defined under ERISA Sec. 3(21)(A)(i). Non-discretionary advisory services are designed to allow the Sponsor (or, if applicable, participants) to retain full discretionary authority or control over plan investments. BFWA LLC will solely be making recommendations, however it is up to the Sponsor or participant to determine whether to implement the recommendations. Discretionary management services are designed to allow Sponsor to delegate responsibility for managing, acquiring, and disposing of plan assets. If the plan is subject to Title I of ERISA, Sec. 402(c)(3) allows Sponsor to delegate responsibility for selecting, monitoring, and replacing Plan assets to an "investment manager" that meets the requirements of Section 3(38) of ERISA. Section 405(d)(1) of ERISA provides that if an investment manager is properly appointed, then "no trustee shall be liable for the acts or omissions of such investment manager or managers or be under an obligation to invest or otherwise manage any asset of the plan which is subject to the management of such investment manager." BFWA LLC is registered as an investment adviser under the Investment Advisers Act of 1940 (the "Act") and acknowledges its fiduciary status to the ERISA-covered plans in the Agreement. BFWA LLC is, therefore, qualified to serve as an investment manager under Section 3(38) of ERISA. For brokerage account plans, the Agreement may also authorize BFWA LLC to provide “execution only” services to facilitate transactions on behalf of, and at the sole request by, Sponsor (or, if applicable, participants) in a purely administrative capacity. If BFWA LLC has not agreed to provide investment advice or discretion in the Agreement, it will not be serving in a fiduciary capacity as that term is defined under ERISA. The Agreement further authorizes BFWA LLC to provide one or more of the following consulting services designed to assist the plan sponsor in meeting its fiduciary duties to administer the plan:
• Assist plan sponsor in reviewing objectives and options available through the plan.
• Recommend participant education and communication policies under ERISA 404(c) Service Provider Support (participant-directed plans only).
• Assist fiduciaries with a process to select, monitor and replace service providers.
• Assist with preparation and review of Requests for Proposals and/or Information.
• Coordinate and assist with covered service provider replacement and conversion.
• Assist the plan committee with monitoring investment performance.
• Facilitate group enrollment meetings and coordinate investment education, as that term is defined in applicable Department of Labor regulations or official guidance (participant-directed plans only) From time to time, BFWA LLC may establish a direct client relationship with one or more plan participants or beneficiaries. Such client relationships develop in various ways, including, without limitation:
• as a result of a decision by the plan participant or beneficiary to purchase services from us not involving the use of plan assets.
• as part of an individual or family financial plan for which any specific recommendations concerning the allocation of assets or investment recommendations relating to assets held outside of a plan; or
• through an Individual Retirement Account rollover (IRA Rollover). In providing these optional services, BFWA LLC may offer employers and employees information on other financial and retirement products or services. If BFWA LLC is providing Employer-Sponsored Retirement Plan Services it may, when requested by a participant or beneficiary, arrange to provide services to that participant or beneficiary through a separate agreement. When a participant requests assistance with an IRA Rollover from his/her plan to an account advised or managed by BFWA LLC, we will have a conflict of interest given that our fees are reasonably expected to be higher than those we would otherwise receive if he/she remained invested in the employer-sponsored plan. For participants invested in plans which we do not advise, we also have a conflict of interest given that we may not earn any compensation if they remain invested in their current plan. We will disclose relevant information about the applicable fees charged by us prior to opening an IRA account. Any decision to affect the rollover or about what to do with the rollover assets remain that of the plan participant or beneficiary alone. FIDELITY INSTITUTIONAL WEALTH ADVISORS (FIWA) Through our relationship with Fidelity Institutional Custody and Clearing, access is provided to Fidelity Institutional Wealth Advisors, a third-party federally registered investment adviser. The platform itself is referred to as FMAX (Fidelity Managed Account Exchange). FIWA evaluates independent money managers across multiple asset classes. Using qualitative and quantitative screens, FIWA develops and provides BFWA LLC with a list of vetted and approved independent managers. In addition, FIWA also negotiates lower investment minimums and fees with these independent managers for BFWA LLC clients. BFWA LLC also takes into consideration each independent managers’ management style, returns, reputation, financial strength, reporting, pricing, and research capabilities, among other factors. On an ongoing basis, BFWA LLC monitors the performance of those accounts being managed by independent Managers. BFWA LLC seeks to ensure the independent Managers’ strategies and target allocations remain aligned with its clients’ investment objectives and overall best interests. BFWA LLC works with FIWA using two different investment platforms. The first is the FMAX Unified Managed Account (UMA) platform. The FMAX UMA platform is an integrated investment platform in which a client’s assets can be invested in a single custodian across multiple asset classes. On the UMA platform, FMAX provides a list of approved Managers (i.e., sub-advisors), whose portfolios are implemented by the Managers. After portfolio implementation, the Managers are responsible for the ongoing trading, tax loss harvesting and rebalancing of client accounts. The UMA platform has several fee components, BFWA LLC’s investment management fee (which is described in more detail under Item 5. Fee Schedule), the fees for the various independent money managers, FMAX platform fee and an annual minimum account fee. The typical managed account minimum investment ranges from$10,000 for equities and $250,000 for fixed income. The fees for the independent money managers range from managers range from 25 basis points (0.25%) to 181 basis points (1.81%). The FMAX fee is a sliding fee calculated based on assets undermanagement ranging from 22 basis points (0.22%) on the first $250,000 invested on the UMA platform to 12 basis points (0.12%) for investable assets in excess of $5,000,000. The minimum annual account fee is $65 annually. Currently clients do not incur custody fees for accounts custodied with Fidelity.

Client assets on the UMA platform are invested by the independent managers and rebalances between managers are affected by FIWA on a discretionary basis. In addition to the UMA platform, BFWA LLC works with FIWA through the FMAX separately managed account platform (SMA), in which client assets are invested in multiple accounts, each managed by an individual money manager that is responsible for performing their own trading on the account. The SMA platform has several fee components, BFWA LLC’s investment management fee (which is described in more detail under Item 5. Fee Schedule), the fees for the various independent money managers, FMAX platform fee and an annual minimum account fee. The typical managed account minimum investment ranges from $10,000 for equities and $250,000 for fixed income. The fees for the independent managers range from 25 basis points (0.25%) to 181 basis points (1.81%). The FMAX fee is a sliding fee calculated based on assets undermanagement ranging from 22 basis points (0.22%) on the first $250,000 invested on the UMA platform to 12 basis points (0.12%) for investable assets in excess of $5,000,000. The minimum annual account fee is $65 annually. Currently clients do not incur custody fees for accounts custodied with Fidelity. ORION PORTFOLIO SOLUTIONS, LLC (OPS) Through our relationship with Orion Portfolio Solutions, LLC, a third-party federally registered investment adviser. OPS evaluates independent money managers across multiple asset classes. Using qualitative and quantitative screens, OPS develops and provides BFWA LLC with a list of vetted and approved independent managers. In addition, OPS also negotiates lower investment minimums and fees with these independent managers for BFWA LLC clients. BFWA LLC also takes into consideration each independent managers’ management style, returns, reputation, financial strength, reporting, pricing, and research capabilities, among other factors. On an ongoing basis, BFWA LLC monitors the performance of those accounts being managed by independent managers. BFWA LLC seeks to ensure the independent managers’ strategies and target allocations remain aligned with its clients’ investment objectives and overall best interests. BFWA LLC works with OPS using two different investment platforms. The first is the OPS Unified Managed Account (UMA) platform. The OPS UMA platform is an integrated investment platform in which a client’s assets can be invested in a single custodian across multiple asset classes. On the UMA platform, OPS provides a list of approved independent managers (i.e., sub-advisors), whose portfolios are implemented by the independent managers. After portfolio implementation, the independent managers are responsible for the ongoing trading, tax loss harvesting and rebalancing of client accounts. The UMA platform has several fee components, including BFWA LLC’s investment management fee (which is described in more detail under Item 5. Fee Schedule) the fees for the various independent Managers, OPS platform fee and a maintenance fee. The typical managed account minimum investment ranges from $50,000 for equities and $250,000 for fixed income. The fees for the independent Managers range from 0 basis points (for OPS own strategies) to 65 basis points (0.65%). The OPS fee is a sliding fee calculated based on assets undermanagement ranging from 50 basis points (0.50%) on the first $50,000 invested on the UMA platform to 13 basis points (0.13%) for investable assets in excess of $5,000,000. The maintenance fee is $25 annually per independent manager, which is waived for households over $400,000 in value. Currently clients do not incur custody fees for accounts custodied with Fidelity or Schwab. Client assets on the UMA platform are invested by the independent Managers and rebalances between managers are affected by BFWA LLC on a discretionary basis. In addition to the UMA platform, BFWA LLC works with OPS through a separately managed account platform (SMA), in which client assets are invested in multiple accounts, each managed by an individual money manager that is responsible for performing their own trading on the account. The fees include BFWA LLC’s investment management fee (which is described in more detail under Item 5. Fee Schedule) the fees for the various independent managers, OPS platform fee and a maintenance fee. The typical managed account minimum investment ranges from $50,000 for equities and $250,000 for fixed income. The fees for the independent managers range from 0 basis points (for OPS own strategies) to 65 basis points (0.65%). The OPS fee is a sliding fee calculated based on assets undermanagement ranging from 50 basis points (0.50%) on the first $50,000 invested on the UMA platform to 13 basis points (0.13%) for investable assets in excess of $5,000,000. There currently is no maintenance fee charged annually per account. Currently clients do not incur custody fees for accounts custodied with Fidelity or Schwab. ALTERNATIVE INVESTMENTS When appropriate, in addition to traditional investment vehicles, and in accordance with the client’s Investment Plan, BFWA LLC may recommend to certain accredited investors real estate, private equity deals and other alternative investments. These investments may be “Public” or Non-Public”. An accredited investor, in the context of a natural person, includes anyone who:
• has earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR
• has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence).
• is a natural person with certain professional certifications in good standing such as the Series 7, Series 65 and Series 82 licenses* (For information on Series Licenses please go to https://www.finra.org/registration- examsce/qualification-exams)
• Is a knowledgeable employee of a Private Fund. For clients for whom such services are suitable, BFWA LLC will provide advice on real estate-related investments and other private offerings. Services within the scope of such advice include:
• Research
• Due Diligence
• Product Review by the Investment Committee of BFWA LLC
• Client Risk and Suitability Analysis Services
• Investment Monitoring
• Reporting where applicable There are several alternative investments utilized by BFWA LLC that BFWA LLC has independently vetted. The fees for these investments vary by fund. With respect to these investments, BFWA LLC considers a variety of third-party alternative investment platforms, and/or direct investments with private hedge funds, private equity or debt funds, and other managers providing structured solutions and alternative assets. We consider these third-parties alternative asset providers. For some legacy clients prior to June 1st, 2022, BFWA LLC provided an introduction only to the alternative asset provider. The client made the decision to invest in the alternative asset at their sole discretion. The client entered into an agreement with the provider directly. BFWA LLC did not receive any compensation for the introduction by the alternative asset provider. Since June 1st, 2022, BFWA LLC has been conducting research on the providers and providing our client with documented recommendations and research. The alternative asset provider research and recommendations are part of the Wealth Guidance services. When we conduct research on the platforms or alternative asset providers, we review to ensure the products are subject to internal committee reviews by the alternative asset providers. Following onboarding, a regular dialogue and review is maintained with each provider so long as the platform is used. The use of these platforms allows the clients to have access to alternative investments at meaningfully lower dollar amounts, often starting at $100,000 minimum investments, than the funds usually require. The management fees and carried interest vary at the fund level. The reporting of investments from some of the alternative asset providers on the portfolio management platform may lag as much as one quarter in arrears. For purposes of both quarterly billing and performance reporting, we use fund valuations as reported by their respective managers, adjusted by subsequent contributions or withdrawals if the reported valuation is prior to the reporting or billing date. In some cases, the alternative assets are fed into our portfolio management system. In other cases, the alternative asset provider may provide us with retrieval only access to view the client’s holdings or the client may provide us with copies of the statements from the alternative provider. We will charge our fee based on the service being provided as outlined in the client agreement. BFWA LLC makes recommendations from time to time to accredited investor clients involving other non-Publicly traded alternative investments from entities or individuals that are also clients of BFWA LLC. The recommendation poses a conflict of interest as it is in BFWA LLC’s best interest to assist these entities in funding their investments. BFWA LLC shall disclose this to the clients that are receiving the recommendation, and those clients are free not to participate or seek an investment outside the management, guidance, or advice of BFWA LLC. As stated in Item 11 Code of Ethics, BFWEA LLC’s associated persons are allowed to invest in the same securities recommended to clients. BFWA LLC is not paid a commission or fee for helping the operator fund the deal. BFWA LLC is only paid an Investment Management, Wealth Guidance or Wealth Governance Fee by the accredited investor client. It is in BFWA LLC’s best interest that the accredited investor client is invested in products we believe to be best suited for the client. In addition to full disclosure, BFWA LLC has a fiduciary duty to exercise good faith and act solely in the best interest of clients and maintains policies and procedures, including a Code of Ethics which requires the interests of clients be placed ahead of other interests to address this conflict of interest. ALTERNATIVE INVESTMENT PRICING Alternative Investments are generally not publicly traded and therefore do not have a daily indication of their fair market value. It is our policy to use the most recent value provided by either the qualified custodian or issuer, or operator for reporting and billing purposes. In some cases where no updated valuations are provided, we will use the investment cost as the valuation until an updated valuation is received. If there is any reason to believe the value may be lower, it may be necessary to estimate value based on information received until an actual valuation is received. Most client’s fees are calculated as stated in Item 5 – Fees and Compensation. Where the client is charged a fee based on a percentage of their assets under advisement, the portion of the fee attributed to the value of the Alternative Investment may be higher or lower than it would have been had an actual fair market been available and used. BFWA LLC will adjust the fee upon receipt of the actual value. Services Limited to Specific Types of Investments BFWA LLC generally limits its investment advice to equities, mutual funds, fixed income securities, real estate funds (including REITs), insurance products including annuities, equities, hedge funds, private equity funds, ETFs (including ETFs in the gold and precious metal sectors, inverse and leveraged ETFs) commodities, non-U.S. securities, venture capital funds and private placements. BFWA LLC can use other securities as well to help diversify a portfolio when applicable. OUTSOURCING OF CERTAIN INVESTMENT OPERATIONS BFWA LLC works with various third-party service providers, including, among others, Orion, to help support the operational needs of managing and servicing Client accounts. Authority provided to the outsourced service providers could include but is not limited to placing transactions with broker-dealers at the direction of BFWA LLC, opening accounts with Client’s account custodian, and facilitating operational requests on the Client’s behalf based on instructions provided by associated persons of BFWA LLC. When providing these services, the third- party service provider acts as an agent of BFWA LLC. HELD AWAY ASSETS BFWA LLC provides additional services for accounts where it is not possible for the firm to enact trades through the usual custodians. BFWA LLC provides services for held-away assets. That is, assets in accounts with a financial institution or third party other than the primary custodians we work with. BFWA LLC will work with clients who have given us discretionary authority to place trades in these held away accounts by using an order management system to help implement tax-efficient asset location and opportunistic rebalancing strategies for the client wherever their assets are held. These services may be provided through a third-party platform to help facilitate held away assets such as those in a defined contribution plan participant account. We are not affiliated with the platform and receive no compensation for the use of the platform. Once the client has authorized, BFWA LLC can review current allocations and rebalance based on the client's objectives and risk tolerances. The fees related to this service are listed in Item 5 - Fees and Compensation and in the client agreement. The client can expect the same review level as we discuss in Item 13 Review of Accounts in this disclosure. INSURANCE BFWA LLC offers guidance on insurance products and can advise certain clients to include insurance as part of their portfolio and/or offer to place an insurance policy for clients. While BFWA LLC is affiliated with an insurance agency, Benchmark Financial Insurance Advisors LLC, it does not own, nor is it affiliated with any insurance company or insurance provider. Additionally, certain employees of BFWA LLC are also licensed as insurance agents. Further, some insurance product recommendations are not subject to the same fiduciary standard as investment advisors are subject. Unaffiliated Insurance Activities To offer our advisory clients additional insurance solutions and research, we have entered into an unaffiliated membership relationship with DPL Financial Partners, LLC (DPL). DPL is a third-party provider of a platform of insurance consultancy services to Financial Advisory firms. The DPL platform will allow BWFA to perform insurance-related research for our advisory clients. DPL is also a resource to its members regarding insurance products owned by our clients or that our clients are considering purchasing. DPL provides members access to product marketing support regarding fee-based products that insurers have agreed to offer to our clients through DPL’s platform. For providing platform services to us, DPL will receive an annual membership fee from us and a service fee from the insurers that offer their fee-based products through the platform. These service fees are based on insurance premiums received by the insurers. DPL is a licensed insurance provider in Florida. BFWA LLC provides ongoing management and investment advisory services to the clients of DPL, a limited liability company licensed to sell and service Life Insurance Annuity and Long-Term care policies. DPL shall pay a fee to BWFA based on the total aggregate fees received by DPL. BFWA LLC and DPL have entered into an agreement to provide these services on a non-discretionary consultancy basis. DPL provides Securities offered through The Leaders Group, Inc. Member FINRA / SIPC 26 W. Dry Creek Circle, Suite 800, Littleton, CO 80120 • 303-797-9080. DPL Financial Partners is not affiliated with The Leaders Group, Inc. For more information about DPL Financial Partners, please go to https://www.dplfp.com/ The Leaders Group the Leaders Group offers brokerage accounts held at Fidelity-NFS; Mutual Fund and College Savings funds held directly at multiple fund complexes, Variable and Indexed Annuities and Variable Life insurance issued by various carriers. Johnstone Brokerage Services, LLC (JBS) is registered with the Securities and Exchange Commission (SEC) as a securities broker-dealer and is a member of the Financial Industry Regulatory Authority (FINRA). JBS has an insurance networking arrangement with DPL Financial Partners (DPL), wherein DPL consults with JBS clients and their IIAs to identify lower cost or greater benefit alternatives to client existing investments. JBS receives and pays commissions or compensation directly and indirectly to and from DPL’s recommendations and referrals. Clients are never obligated or required to purchase insurance products from any of our non-affiliated insurance relationships or companies and can choose any independent insurance agent or insurance company to purchase insurance products. BUSINESS INTRODUCTORY SERVICES BFWA LLC provides extensive industry connections for expediting the introduction and connection process between clients and potential business partners and trusted service providers. We typically serve as an intermediary to facilitate and manage confidential connections between clients for specific business purposes. Business Introductory Services are provided as part of the relationship with our clients. BFWA LLC does not charge a fee, receive a commission or any other monetary compensation for these introductory services. Client Tailored Services and Client Imposed Restrictions BFWA LLC will tailor a program for each individual client. This will include an interview session to get to know the client’s specific needs and requirements as well as a strategy that will be executed by BFWA LLC on behalf of the client. As applicable, BFWA LLC will use model allocations together with a specific set of recommendations for each client based on their personal restrictions, needs, and targets. Clients can impose restrictions in investing in certain securities or types of securities in accordance with their values or beliefs. However, if the restrictions prevent BFWA LLC from properly servicing the client’s account, or if the restrictions would require BFWA LLC to deviate from its standard suite of services, BFWA LLC reserves the right to end the relationship. BFWA LLC does not participate in a wrap fee program. Assets Under Management BFWA LLC has the following assets under management: Discretionary Non-discretionary Amounts: Date Calculated: $ 549,017,841 $0 12/31/2023 AUM shall mean assets that are the following:
• Custodied at:
• Fidelity Investments
• Charles Schwab
• Nationwide Advisory
• Held Away at:
• Pontera
• PPS Advisors, Inc Assets Under Advisement BFWA LLC has the following assets under advisement which are the Held Away assets not at the primary custodians: Assets Under Advisement Date Calculated: $ 205,744,388 12/31/2023 AUA shall mean assets under advisement that are the following:
• Qualified Group Retirement Plans, not custodied at Fidelity Investments or Charles Schwab
• 529 Plans, not custodied at Fidelity Investments or Charles Schwab
• Non-Advisory Annuities