Aquire Wealth Advisors, LLC d/b/a "Dentist Advisors" is a registered investment adviser based in South Jordan, Utah. Dentist Advisors has been providing investment management services since November 2007. Dentist Advisors is a wholly-owned subsidiary of Aquire Holdings, LLC, a Utah limited liability company ("Aquire Holdings"). RH Financial, Inc. ("RH Financial") is the majority owner and only member with 25% or more ownership of Aquire Holdings. Reese J. Harper is the president and sole owner of RH Financial.
Dentist Advisors has designed its services to meet the diverse financial planning and investment management needs of its clientele, many of whom are dentists, other professionals, or high net worth individuals and families. Following are the principal service offerings that Dentist Advisors personalizes to each Client's specific needs (the "Services"):
•Investment Management Services
•Private Wealth Management Services
•Hourly Consulting Services
•Retirement Plan Services Each Service is described in more detail below. Please keep in mind, however, this Brochure is necessarily general and does not address all of the details of Dentist Advisors' Services. Additionally, Dentist Advisors retains discretion to negotiate the terms of each Client's Services. To participate in any of the Services, Client must enter into an Advisory Agreement with Dentist Advisors that describes the Services to be provided, the Advisory Fees, and any other fees and expenses the Client will pay or incur, and other terms and conditions of the Client's relationship with Dentist Advisors, all of which are negotiable in Dentist Advisors' sole discretion. Clients should always refer to their specific Advisory Agreement for terms that apply to them. In this Brochure, the words "we", "our" and "us" refer to Dentist Advisors and the words "you", "your" and "Client" refer to a Client or prospective Client of Dentist Advisors.
INVESTMENT MANAGEMENT SERVICES Through our Investment Management Service, we offer discretionary investment management and advice tailored to meet our Clients' needs and investment objectives. If you retain our firm for Investment Management Services (including through the Private Wealth Management Services, discussed below), we will meet with you to determine your investment objectives, risk tolerance, and other relevant information (the "suitability information") at the beginning of our advisory relationship. We will use the suitability information we gather to construct and manage an investment portfolio for you based on model portfolios allocated across equity, fixed income, cash, and such other asset classes as the Personal Financial Advisor assigned to you deems appropriate, based on your needs and objectives. Our model portfolios are generally comprised of exchange-traded funds ("ETFs"), as well as mutual funds, that reflect a careful selection and allocation of the portfolio among these key asset classes. We will monitor your portfolio's performance on an ongoing basis, and will rebalance the portfolio according to its target allocation, as we deem appropriate in the exercise of our discretion, to achieve your account's long-term objectives.
When necessary to meet specific client needs for expanded asset classes, Dentist Advisors permits a Personal Financial Advisor, in his or her discretion, to develop model portfolios comprised of additional asset classes, and within classes, market capitalization, sector, and style categories, as necessary to meet Client needs, by using a wider variety of available mutual funds or ETFs (including alternative asset classes, such as real estate, and commodities, for example). Additionally, a Personal Financial Advisor is permitted, in his or her discretion, to develop model portfolios that implement the portfolio allocation in one or more asset classes through investments in individual securities (e.g., individual stocks or bonds). Clients should not expect a Personal Financial Advisor to select individual securities (other than mutual funds or ETFs) for their portfolio unless they discuss such requirements and the risks of a portfolio of individual securities with their Personal Financial Advisor in advance.
4 We require Clients receiving Investment Management Services to grant our firm discretionary authority to manage the managed account. Discretionary authorization will allow our firm to determine the specific securities, and the amount of securities, to be purchased or sold for your account without your approval prior to each transaction. Discretionary authority is typically granted by the investment management agreement you sign with our firm, or other limited power of attorney, or trading authorization forms. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased for your account) by providing our firm with your restrictions and guidelines in writing.
The Investment Committee monitors the Models assigned by the Personal Financial Advisors to client accounts, including the various asset classes, the securities for each asset class, the proposed asset class weightings and ranges. The Investment Committee also monitors the investment objective, investment time horizon, anticipated liquidity characteristics, and risk tolerance (in terms of volatility) of the accounts for which the Model has been determined to be suitable.
The Personal Financial Advisors are responsible for monitoring the Accounts of clients that have implemented a particular Model to determine when to rebalance, or reallocate each client's portfolio. The Personal Financial Advisor shall have discretion to over-weight or under-weight asset classes, as compared to target allocations, to account for market or economic conditions, or specific needs or requests of a client.
Sub-Advisers, Third-Party Managers, and Third-Party Programs Where authorized by the Advisory Agreement (or other written agreement), in its discretion, Dentist Advisors is authorized to engage one or more investment managers (each a "Sub-Adviser," also referred to as a "Manager"), which Dentist Advisors may engage as its sub-adviser. Dentist Advisors may delegate the discretionary management of all or part of any Account, based upon the Account's stated investment objective and risk/volatility parameter, without prior consultation with the Client and without the Client's prior consent. In Dentist Advisors' discretion, it may grant a Manager authority to further delegate such discretionary investment authority to additional Managers. Each such Manager shall have limited power-of-attorney and trading authority over the Account's assets directed to them for management and shall be authorized to buy, sell, and trade in securities in accordance with the Account's investment objective and risk/volatility parameter as communicated by Dentist Advisors (or its delegating Manager), and to give instructions in furtherance of such trading authority to each Broker-Dealer and Custodian.
In most arrangements involving a Sub-Adviser, Client will generally not have a direct agreement with the Sub- Adviser. In those cases, advisory fees charged by a Sub-Adviser will usually be added by Dentist Advisors to the Advisory Fees Client owes to Dentist Advisors, and will be deducted by Dentist Advisors and paid from the Account. However, from time to time, the investment programs of certain sponsors will require the Sub-Adviser to enter into a subadvisory agreement with Dentist Advisors, but will require the Sub-Adviser to enter into a direct agreement with the Client. In addition to the sub-adviser arrangements, Dentist Advisors may also approve from time to time one or more investment program(s) (each a "Third-Party Program") sponsored by a third-party investment firm (each a "Sponsor"), through which specified Account assets (the "Managed Assets") will be allocated to one or more third-party investment managers available through the Third-Party Program (referred to as a "Third-Party Manager," also referred to as a "Manager"). In a Third-Party Program, Client's relationship with Dentist Advisors will be governed by the Advisory Agreement; however, Client's relationship with respect to the Sponsor and each Manager will be governed by and subject to the terms of the separate agreement (the "Third-Party Program Agreement") between Client, the Sponsor, and in some programs, the Manager(s). Each Manager designated for the Client will manage the Managed Assets allocated to the Manager, according to the Manager's designated investment portfolio and style. The Client will receive from the Sponsor or Manager the Form ADV Part 2A Brochure (or Form ADV Part 2A Appendix 1 Wrap Fee Brochure) of the Sponsor, and the Brochure of each Manager engaged to manage the Managed Assets. 5 Authority Regarding Managers and Programs Client will authorize Dentist Advisors to "hire and fire," add, terminate, replace, and change any Manager, whether as Sub-Adviser or Third-Party Manager, in a subadvisory program, in a Third-Party Program, or otherwise, when, in its sole discretion, Dentist Advisors believes such action is in Client's or any Account's best interest. Dentist Advisors will review and monitor the Accounts managed by each Manager, and for which services Dentist Advisors shall be paid its Advisory Fee with respect to the Assets managed by each Manager.
Clients interested in a Sub-Adviser or Third-Party Program will receive from the Personal Financial Advisor information regarding an available Sub-Adviser or Third-Party Program and available Manager(s) in which the Client is interested, once the Client's needs and objectives have been identified. Client will authorize the Custodian maintaining Assets managed by a Sub-Adviser or Third-Party Manager to provide account statements and confirmations of transactions (electronically or via internet) to Dentist Advisors and the Personal Financial Advisor, along with an indication that account statements have been sent to the Client, and to permit Dentist Advisors and the Personal Financial Advisor to electronically view and download account information. Client will grant Dentist Advisors and the Personal Financial Advisor unrestricted access to such account information.
Dimensional SMA Solution ("DSMA Solution") Dimensional Fund Advisors offers an investment solution for our clients whereby Dimensional Fund Advisors ("Dimensional") serves as a sub-adviser to Dentist Advisors' clients that participate in the DSMA Solution. You and your Dentist Financial Personal Financial Advisor will select the investment strategy based on your specific needs and circumstances, investment objectives, risk tolerance and other information as appropriate for a fiduciary to make such determination. If you select the DSMA Solution, you will sign the required documents to initiate the relationship, as required by Dentist Advisors and Dimensional. These documents will direct Dimensional to trade with discretion in your account(s) according to the investment strategy selected and direct them to deduct our fees for payment to us. For additional information on the fees payable to Dimensional and to Dentist Advisors, please refer to Item 5, Fees and Compensation.
Betterment Advisory Services Betterment for Advisors is a digital wealth management platform generally serving independent investment advisory firms. Betterment LLC ("Betterment"), a registered investment adviser, will serve as a third-party money manager to some of our clients if clients select the Betterment Wrap Program. Please refer to our Wrap Brochure for additional details.
Alternative Investments Dentist Advisors expects to be able to make available from time to time shares, units, or other securities, typically issued through limited securities offerings (each an "Alternative Investment") for investment by clients who meet the eligibility requirements for the Alternative Investment, who have sufficient cash available for investment to purchase the minimum amount, and whose portfolio will benefit from an allocation with respect to the Alternative Investment. These investments will be designed to achieve a principal investment objective, such as capital appreciation, income, tax benefits, or total return, among others. Clients should expect such investments will carry significant levels of investment risk and volatility commensurate with their expected returns. Dentist Advisors offers no guarantee or assurance regarding the level of income, gains, tax benefits or total returns of any Alternative Investment, or regarding the level of investment or other risk to be experienced with respect to any Alternative Investment. Alternative Investments are not always readily available for purchase, and those that might be available, may not have been approved by our firm for presentation to our clients. There is no assurance of any minimum number of Alternative Investments (or units of any particular Alternative Investment) that will be available at any given time or over any given time period. There is no assurance any client will have the opportunity to purchase an Alternative Investment, or that all clients will have the opportunity to purchase the same number of Alternative Investments. 6 Personal Financial Advisors evaluate clients to identify those to whom, in their discretion, they will offer the opportunity to invest a portion of their Managed Assets in Alternative Investments. However, not all Personal Financial Advisors have an interest in recommending Alternative Investments

to their clients. If a client's Personal Financial Advisor does not present any Alternative Investments and the client believes they are eligible for such investments, the client should discuss the issue with their Advisor or contact our Chief Compliance Officer at the contact information on the front of this Brochure. In choosing the clients to participate in an Alternative Investment, the Personal Financial Advisors consider both objective eligibility factors and subjective factors, such as the client's temperament for bearing the potential volatility and losses of these investments. However, the Personal Financial Advisors have been instructed by Dentist Advisors not to allow considerations of personal gain or benefit (such as the possibility of receiving future investments by or additional client referrals from a client who is seeking to influence the Advisor's choice to receive an allocation of a particularly popular Alternative Investment). The orders of eligible clients interested in purchasing units of an Alternative Investment are typically aggregated for purchase. Although not frequent, there are situations when the number of units sought by eligible investors will exceed the number of available units. In those circumstances, the initial method of allocation will be pro rata among the clients participating in the aggregated order. However, upon determination that the entire order will not be filled, Dentist Advisors reserves the right to adopt an alternative method of allocation (such as an alphabetical rotation, rotation based on the clients of a particular Personal Financial Advisor, or other method). Exceptions may be granted or allowed due to varying cash availability, divergent investment objectives, existing concentrations or weightings in the security or asset class, tax considerations, performance relative to a benchmark, performance relative to other accounts in the same strategy or portfolio, or a desire to avoid "odd lots" (an amount of a security that is less than the normal unit of trading for that security). Accounts owned by our firm or persons associated with our firm are permitted to participate together with orders from client accounts; however, they will not be given preferential treatment. Alternative Investments will be offered to clients who are "accredited investors" under the Securities Act of 1933 (which generally requires at least $1,000,000 net worth, or $200,000 annual income/$300,000 income with spouse), and where performance-based fees are involved, the client is also a "qualified client" under Rule 205-3 of the Investment Advisers Act of 1940 (which generally requires having at least $1,000,000 under management with Adviser or net worth over $2,100,000, excluding personal residence). The specific requirements, terms, and conditions of each Alternative Investment will vary from offering to offering; however, in general, the Alternative Investments will provide for the manager of the Alternative Investment to receive a 2% (or more) annual management fee, as well other fees in connection with services it or its affiliates provide to the fund, plus performance-based compensation up to 25% (or more) of the asset value upon liquidation. The specific requirements, terms, and conditions will generally be found in a confidential private placement memorandum, and other documents provided by the fund Sponsor in connection with the offering of investments in each Alternative Investment.
Before agreeing to invest, clients must acknowledge: they understand the investment objectives and policies of, and the investment strategies that may be pursued by, the Alternative Investment; the investment is consistent with the investment purposes, objectives and cash flow requirements of client, and will not adversely affect client's overall need for diversification and liquidity; and, client can afford a complete loss of its investment in the Alternative Investment and can afford to hold its investment in the Alternative Investment for an indefinite period of time. Clients must further acknowledge investment in the Alternative Investment is (in most cases) considered speculative and involves significant risks. Alternative Investments are not suitable for all investors and are intended for sophisticated investors who can accept the risks associated with investment in the Alternative Investment.
Dentist Advisors will monitor each Alternative Investment in which a client has invested as long as the client remains a client of Dentist Advisors; Dentist Advisors will provide an annual review (but not audit) of periodic reports issued to clients by the fund manager, and suggestion to clients regarding issues about which they may 7 wish to question the fund manager. Dentist Advisors' Investment Management Fees will be calculated with respect to the Alternative Investments in the same manner, using the same Tier Levels and Fee Rates as applied to other Managed Assets of the Client.
PRIVATE WEALTH MANAGEMENT SERVICES We offer Private Wealth Management Services that includes Financial Planning Services and Investment Management Services. Clients who elect this service will engage us to design, implement, and monitor a financial plan, and provide ongoing Financial Planning Services and Investment Management Services on a discretionary basis. Private Wealth Management Service clients are assigned a Personal Financial Advisor to work with them in developing a comprehensive financial planning process that addresses both business and personal planning. As part of their Financial Planning Services, Private Wealth Management Service Clients receive the following additional services:
•Elements® financial planning
•Dashboard to track personal and practice finances in one place
•Continuously updated net worth statement and quarterly progress report
•Authorization for Dentist Advisors to coordinate financial planning activities with legal counsel, tax advisors, and other service professionals The engagement will include a written report or analysis to be provided to the Client. By utilizing this process, our goal is to increase long-term financial success by providing regular accountability and ongoing financial education.
Review Process We collect information regularly throughout the year from the Client and the Client's tax and legal advisors that we use to update a personal balance sheet. This balance sheet serves as the basis for regular conversations regarding personal cash flow, financing, large financial transactions, investments, practice health and profitability, personal liquidity and risk management. As Client circumstances and goals change, our highly organized system of proactive communication helps to ensure we remain well informed of these changes. Clients can call, email, or schedule meetings at their discretion. Our Personal Financial Advisors use the personal balance sheets we maintain to build ratios in a proprietary system we've designed for measuring a Client's financial health over time. This system is called Elements® and is typically performed 12x annually (5x for retirement, 4x for income, 2x for risk profile, and 1x for professional overhead). We may perform an Elements® review more or less frequently as circumstances warrant.
HOURLY FINANCIAL PLANNING Clients may engage Dentist Advisors on a limited basis to address a particular concern or project that does not fall within the scope of Private Wealth Management Services. Strategic financial planning is at the discretion of the financial advisor, and the scope of services will be defined in a customized engagement.
RETIREMENT PLAN SERVICES We offer discretionary management and consulting services to retirement plans and their fiduciaries based upon the needs of the plan and the services requested by the plan sponsor or named fiduciary. In general, these services may include an existing plan review and analysis, plan-level advice regarding fund selection and investment options, education services to plan participants, investment performance monitoring, and/or 8 ongoing consulting. These services will generally be similar to one or all of the categories of services defined above (i.e., investment management, wealth management, and/or hourly financial planning). The ultimate authority to administer a Plan shall remain with the plan sponsor or other named fiduciary.
We may also assist with participant enrollment meetings and provide investment-related educational seminars to plan participants on such topics as:
•Diversification
•Asset allocation
•Risk tolerance
•Time horizon We may also provide additional types of advisory services to plans on an individually negotiated basis. All services, whether discussed above or customized for the plan are based upon requirements from the plan fiduciaries (which may include additional plan-level or participant-level services) shall be detailed in a written agreement and be consistent with the parameters set forth in the plan documents.
ADVISORY SERVICES TO RETIREMENT PLANS AND PLAN PARTICIPANTS As disclosed above, we offer various levels of discretionary advisory and consulting services to retirement plans ("Plan") and to the participants of such Plans ("Participants"). The services are designed to assist plan sponsors in meeting their management and fiduciary obligations to Participants under the Employee Retirement Income Securities Act ("ERISA"). Pursuant to regulations of the U.S. Department of Labor, we are required to provide the Plan's responsible plan fiduciary (the person who has the authority to engage us as an investment adviser to the Plan) with a written statement of the services we provide to the Plan, the compensation we receive for providing those services, and our status (which is described below). The services we provide to your Plan are described above, and in the service agreement that you have previously signed. Our compensation for these services is described below, at Item 5, and also in the service agreement. We do not reasonably expect to receive any other compensation, direct or indirect, for the services we provide to the Plan or Participants, unless the plan sponsor directs us to deduct our fee from the plan or directs the plan record-keeper to issue payment for our fee out of the plan. If we receive any other compensation for such services, we will (i) offset the compensation against our stated fees, and (ii) we will promptly disclose the amount of such compensation, the services rendered for such compensation and the payer of such compensation to you. Status In providing services to Plans and Participants, our status is that of an investment adviser registered with the Securities and Exchange Commission; and we are not subject to disqualifications under ERISA Section 411. In performing services, we act as a Plan fiduciary, as defined in ERISA Section 3(21), and in some cases, serve as discretionary investment manager pursuant to ERISA Section 3(38). IRA Rollover Recommendations Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the following acknowledgment to you. When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule's provisions, we must:
•Meet a professional standard of care when making investment recommendations (give prudent 9 advice);
•Never put our financial interests ahead of yours when making recommendations (give loyal advice);
•Avoid misleading statements about conflicts of interest, fees, and investments;
•Follow policies and procedures designed to ensure that we give advice that is in your best interest;
•Charge no more than is reasonable for our services; and
•Give you basic information about conflicts of interest. We benefit financially from the rollover of your assets from a retirement account to an account that we manage or provide investment advice, because the assets increase our assets under management and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in your best interest.
TYPES OF INVESTMENTS We offer advice on equity securities, ETFs, corporate, municipal and government debt securities, certificates of deposit, and mutual funds, as necessary to address their specific situation, goals and objectives. Although we are able to advise clients on a wide range of investments, for most clients, we will recommend and select a portfolio consistent with one of our model portfolio comprised largely (or entirely) of mutual funds and ETFs. You may request that we refrain from investing in particular securities or certain types of securities. You must provide these restrictions to our firm in writing.
ASSETS UNDER MANAGEMENT Dentist Advisors manages assets on a discretionary basis. As of December 31, 2023, total discretionary assets managed were $383,604,821.