M.K. Brown Wealth Advisory, LLC d/b/a M.K. Brown Wealth Advisory is a fee-based registered investment adviser based in Oakwood, OH. Our Company was founded in 1983 and is organized as a limited liability company under the laws of the State of Ohio. We have been providing a full range of planning and investment advisory services since 1986. Martin K. Brown is our principal owner.
As used in this brochure, the words "we", "our" and "us" refer to M.K. Brown Wealth Advisory and the words "you", "your" and "client" refer to you as either a client or prospective client of our Company. Also, you may see the term Associated Person throughout this brochure. As used in this brochure, our Associated Persons are our Company's officers, employees, and all individuals providing investment advice on behalf of our Company.
Certain persons affiliated with our Company are also registered representatives of Raymond James Financial Services, Inc. ("RJFS"), a wholly owned subsidiary of Raymond James Financial, Inc. RJFS is a broker-dealer and member firm of the Financial Industry Regulatory Authority, Inc. ("FINRA") and the Securities Investors Protection Corporation ("SIPC"). RJFS is primarily in the business of selling securities and other investments including annuity, fixed and life insurance products. RJFS is also affiliated with Raymond James & Associates, Inc. ("RJA"), a broker-dealer (member NYSE/SIPC) and an investment adviser registered with the Securities and Exchange Commission ("SEC"). References to Raymond James throughout this document indicates a combination of companies referenced above and/or that are part of the Raymond James Financial, Inc., family. Ambassador Program Our Company offers the Ambassador Program to its clients. The Ambassador program is a wrap fee investment advisory account offered and administered by RJA. We will manage your account on a discretionary (provided certain qualifications are met) according to your objective. The client is provided with quarterly portfolio summaries and performance analyses. This type of account can be utilized to buy, sell or otherwise trade stocks, bonds, mutual funds (at net asset value), exchange traded funds, options and preferred stocks. If you participate in the Ambassador program, you will pay us a single asset based fee, which includes our money management fees, certain transaction costs, and custodial and administrative costs. We receive a portion of the wrap fee for our services and RJA, (and/or its affiliates) receives a portion of the fee as the wrap fee program sponsor. We are the manager, but not the sponsor of the Ambassador Program. RJA is the sponsor of the Ambassador program and as such, in addition to receiving our disclosure brochure, you will also receive RJA's, (and/or its affiliates') wrap fee brochure and other disclosures. The overall cost you will incur if you participate in the Ambassador wrap fee program may be higher or lower than you might incur by separately purchasing the types of securities available in the program.
You will grant us discretionary authority to manage your account. Discretionary authorization will allow us 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 advisory agreement you sign with us and the appropriate trading authorization forms. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased or sold for your account) by providing us with your restrictions and guidelines in writing. RJA, (and/or its affiliates) acting as administrator of the Ambassador program, provides various support services, including account opening and maintenance, processing cash contributions,

withdrawal and distribution request, semiannual monitoring, and facilitation of terminations of your participation in the Ambassador program if applicable. 4 Clients of M.K. Brown Wealth Advisory will also receive RJA's (and/or its affiliates'), Wrap Fee Brochure and other disclosure documents which provides detailed disclosure regarding the Ambassador program, and fees, expenses, and other conflicts of interest applicable to RJA and/or its affiliates. Third Party Advisory Services We offer a number of RJA's managed wrap programs, including Freedom and RJA Consulting, under a subadviser agreement with RJA. We work with you to choose an appropriate program and help you to select the managers, strategies, or disciplines within the programs, as applicable. Once the program is selected by you, RJA is appointed as a discretionary investment adviser under the appropriate advisory agreement. In this way, RJA acts as a subadviser in directly (or indirectly through other subadvisers) managing your assets through the selected program. Both RJA (and its affiliates and agents, and other subadvisers, as applicable) and M.K. Brown Wealth Advisory, LLC, receive a portion of the advisory fee paid by you for these services. IRA Rollover Recommendations 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 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 primarily offer advice on equity securities, mutual fund shares and Exchange Traded Funds (ETFs). Additionally, we may recommend other types of investments since each client has different needs and different tolerances for risk. We may also advise you on any type of investment held in your portfolio at the inception of our advisory relationship, or on specific types of investments at your request.
Since our investment strategies and advice are based on each client's specific financial situation, the investment advice we provide to you may be different or conflicting with the advice we give to other clients regarding the same security or investment.
5 You may request that we refrain from investing in particular securities or certain types of securities. You must provide these restrictions to us in writing.
Assets Under Management As of February 12, 2024, we provide continuous management services for $149,000,000 in client assets on a discretionary basis.