A. Description of the Advisory Firm B. Types of Advisory Services Financial Planning and Consulting Services (Stand-Alone) Uponspecificclientrequest,OakbourneAdvisorsmayagreetoprovidefinancialplanningand consultingservices(includinginvestmentandnon-investmentrelatedmatters,includingestate planning, insurance planning, etc.) on a stand-alone separate fee basis. Before engaging Oakbourne Advisors to provide financial planning and consulting services on a stand-alone, separatefeebasis,clientsaregenerallyrequiredtoenterintoaFinancialPlanningAgreement withOakbourneAdvisorssettingforththetermsandconditionsoftheengagement(including termination),describingthescopeoftheservicestobeprovided,andtheportionofthefeethat isduefromtheclientbeforeOakbourneAdvisorswillprovidethoseservices.
Retirement Plan Consulting Services Oakbourne Advisors offers retirement plan consulting services to sponsors of self-directed retirement plans organized under the Employee Retirement Security Act of 1974 (“ERISA”). The termsandconditionsoftheengagementbetweenOakbourneAdvisorsandtheplansponsorwillbe setforthinawrittenagreement.IfOakbourneAdvisorsperformstheseservicesinanERISASection 3(21)capacity,itwillassisttheplansponsorwiththedevelopmentofinvestmentpolicystatements, andthentheselectionandmonitoringofinvestmentalternativesfromwhichplanparticipantsmay chooseinself-directingtheinvestmentsfortheirindividualplanretirementaccounts.Uponrequest bytheplansponsor,OakbourneAdvisorsmayalsoprovideparticipanteducationdesignedtoassist participantsinidentifyingtheappropriateinvestmentstrategyfor theirretirementplanaccounts.If the plan sponsor chooses to engage Oakbourne Advisors in an ERISA Section 3(38) capacity, OakbourneAdvisorsmayprovidethesameservicesasdescribedabove,butmayalso:createspecific asset allocation models that OakbourneAdvisors manages ona discretionary basis, which plan participants may choose in managing their individualretirement account; and/or modify the investment options made available to plan participantsonadiscretionarybasis.
Miscellaneous Disclosures Limitations of Financial Planning and Non-Investment Consulting/Implementation Services.
Totheextentspecificallyrequestedbytheclient, OakbourneAdvisorsmayprovidelimited financial planningandrelatedconsultingservicesaboutinvestmentandnon-investmentrelatedmatters,such asestateplanning,taxplanning,insurance,etc.eitheraspartofitsinvestmentadvisoryservicesfor no additional fee, or according to the terms and conditions of a separate agreement. Neither Oakbourne Advisors, nor any of its representatives, serves as an attorney or accountant and no portion of Oakbourne Advisors’s services should be construed as legal or accounting services.
Accordingly, OakbourneAdvisors does not prepare estate planningdocumentsortaxreturnson behalf of clients. Unless specifically agreed in writing, neither Oakbourne Advisors nor its representatives are responsible to implement any financial plans or financial planning advice, provideongoingfinancialplanningservices,orprovideongoingmonitoring of financial plans or financial planning advice. Oakbourne Advisors’s financialplanning and consulting services are completed upon communicating its recommendations tothe client or upon delivery ofa written financial plan. The client is solely responsible to revisitthefinancialplanorfinancialplanning advice with Oakbourne Advisors, if desired. Upon client request, Oakbourne Advisors may recommend the services of other professionals for certain non- investment implementation purposes(i.e.attorneys,accountants,insurance,etc.),including John K. Paoloni, ChristopherDiederich, orChristopherGriest in theirseparate and individualcapacity as a registered representative ofPurshe Kaplan Sterling Investments, an SEC-registered and FINRAmember broker-dealer, andas a licensedinsurance agent as described in Items 5.E. and 10.C. below. Clients are under no obligation to engage the services of any recommended professional,whowillbesolelyresponsibleforthequalityandcompetencyoftheservicesthey provide.Iftheclientengagesanyunaffiliatedrecommendedprofessional,andadisputearises related to the engagement, the client should seek recourse exclusively from and against the engaged professional. Conflict of Interest: The recommendation by Oakbourne Advisors’s representativethataclientpurchaseasecuritiesorinsurancecommissionproductthrough John K. Paoloni, ChristopherDiederich, orChristopherGriest in their separate and individualcapacity asaregisteredrepresentativeofPursheKaplanSterlingInvestmentsand/orasalicensed insurance agent presents a conflict of interest, as the receipt of commissions may provide an incentive to recommendinvestmentorinsuranceproductsbasedoncommissionstobereceived,ratherthanon aparticularclient’sneed.Noclientisunderanyobligationtopurchaseany securitiesorinsurance commissionproductsthroughMr.Paoloni,ChristopherDiederich,orChristopherGriest.Clientsmay purchasesecuritiesandinsuranceproductsrecommendedbyOakbourneAdvisorsthroughother, non-affiliatedbroker-dealersand/orinsuranceagencies.Oakbourne Advisors’s Chief Compliance Officer, Andrew Peters remains available to addressanyquestionsregardingtheaboveconflictof interest.
Cash Positions.OakbourneAdvisorsmaymaintaincashandcashequivalentpositions(suchas moneymarketfunds)fordefensiveandliquiditypurposes. Unlessotherwiseagreedinwriting, allcashandcashequivalentpositionswillbeincludedaspartofassetsundermanagementfor purposesofcalculatingOakbourneAdvisors’sinvestmentadvisoryfee.
Availability of Mutual Funds and ETFs.WhileOakbourneAdvisorsmayallocateinvestmentassets tomutualfunds andexchangetraded funds (“ETFs”) that are notavailable directlytothepublic, Oakbourne Advisors may also allocate investment assets to publicly available mutualfunds and ETFs thattheclient could obtain without engaging OakbourneAdvisors as aninvestmentadviser.
However,ifaclientorprospectiveclientdeterminestopurchasepubliclyavailable mutual funds without engaging Oakbourne Advisors as an investment adviser, theclientorprospectiveclient would

not receive the benefit of Oakbourne Advisors’s initial and ongoing investment advisory services with respect to management of that asset.
Portfolio Trading Activity.Aspartofitsinvestmentadvisoryservices,OakbourneAdvisorswill reviewclientportfoliosonanongoingbasistodetermineifanytradesarenecessarybasedupon variousfactors,includingbutnotlimitedtoinvestmentperformance,fundmanagertenure,style drift, account additions/withdrawals, the client’s financial circumstances, and changes in the client’sinvestmentobjectives.Basedupontheseandotherfactors,theremaybeextendedperiodsof timewhenOakbourneAdvisorsdeterminesthattradeswithinaclient’sportfolioareneither necessarynorprudent.ClientsnonethelessremainsubjecttothefeesdescribedinItem5below duringperiodsofaccounttradinginactivity.
Client Obligations.Inperformingitsservices,OakbourneAdvisorswillnotberequiredtoverify anyinformationreceivedfromtheclientorfromtheclient’sotherprofessionalsandisexpressly authorizedtorelythereon.Moreover,eachclientisadvisedthatitremainstheirresponsibilityto promptlynotifyOakbourneAdvisorsifthereiseveranychangeintheirfinancialsituationor investmentobjectivesforthepurposeofreviewing,evaluating,orrevisingOakbourneAdvisors’s previousrecommendationsand/orservices.
Disclosure Statement.AcopyofOakbourneAdvisors’sFormADVPart2willbeprovidedto eachclientbeforetheexecutionoftheInvestmentAdvisoryAgreementorFinancialPlanning Agreement.AnyclientwhohasnotreceivedacopyofOakbourneAdvisors’sFormADVPart2at least48hoursbeforeexecutingtheapplicableformofagreementwillhavefivebusinessdays afterexecutingtheagreementtoterminateOakbourneAdvisors’sserviceswithoutpenalty.
Retirement Plan Rollovers – No Obligation / Conflict of Interest.Aclientorprospectiveclient leavinganemployertypicallyhasfouroptionsregardinganexistingretirementplan(andmayengage inacombinationoftheseoptions):(i)leavethemoneyintheformeremployer’splan,ifpermitted, (ii)rollovertheassetstothenewemployer’splan,ifoneisavailableandrolloversarepermitted,(iii) rollovertoanIndividualRetirementAccount(“IRA”),or(iv)cashouttheaccountvalue(whichcould, depending upon the client’s age, result in adverse tax consequences). If Oakbourne Advisors recommendsthataclientrollovertheirretirementplanassetsintoan accounttobemanagedby OakbourneAdvisors,sucharecommendationpresentsaconflictofinterestifOakbourneAdvisors willearnanew(orincreaseitscurrent)advisoryfeeasaresultoftherollover. Noclientisunderany obligationtorolloverretirementplanassetstoanaccountmanagedbyOakbourneAdvisors.
Turnkey Asset Management Program (“TAMP”). OakbourneAdvisorsmayutilizeoneormore TAMPs for the purpose of assisting Oakbourne Advisors with the management of its client accounts.ClientswillsignanagreementdirectlywiththeTAMPsponsordescribingallservices providedandtheapplicablefeesthatclientswillincurinthisrespect.WhiletheTAMPmanagers willhavediscretionaryauthorityfortheday-to-daymanagementoftheassetsthatareallocated toitbyOakbourneAdvisors.OakbourneAdvisorswillprovideongoingmonitoringandreview of account performance, client investment objectives, and asset allocation. The investment management fees charged by the TAMPs are exclusive of and in addition to Oakbourne Advisors’songoinginvestmentadvisoryfee.Thesefeesmaybesubjecttochangewithoutnotice atthesolediscretionoftheTAMPs.ClientsshouldreviewtheFormADVPart2AatItem5ofthe relevantTAMPmanagerforthemostrecentinformationregardingapplicablefees.
OakbourneAdvisorsoffersthesamesuiteofservicestoallitsclients.However,eachclient’s portfolioisconstructedbasedupontheclient’scurrentsituation(income,taxlevels,andrisk tolerancelevels)andisdesignedtomeettheclient’sobjectivesandneeds.Clientsmayimpose restrictionsininvestingincertainsecuritiesortypesofsecuritiesinaccordancewiththeirvalues orbeliefs.However,iftherestrictionspreventOakbourneAdvisorsfromproperlyservicingthe client account, or if the restrictions would require Oakbourne Advisors to deviate from its standard suite of services, Oakbourne Advisors reserves the right to end the advisory relationship.
OakbourneAdvisorsdoesnotparticipateinanywrapfeeprograms.
C. Client Tailored Services and Client Imposed Restrictions D. Wrap Fee Programs OakbourneAdvisorshasthefollowingassetsundermanagement: Discretionary Amounts: Non-discretionary Amounts: Date Calculated: $195,665,487 $0.0012/31/2023 Investment Advisory Services Fees Oakbourne Advisors’s annual investment advisory fee is paid quarterly in arrears, under the terms and conditions of an Investment Advisory Agreement. The investment advisory fee is generallybasedonapercentageofthemarketvalueofaggregatedclienthouseholdassetsunder managementattheendoftheprecedingcalendarquarter,asvaluedbytheclient’sdesignated custodian,accordingtothefollowingtieredfeeschedule: ValueofAssetsUnderManagementAnnual Fee Assetsupto$750,0001.20% Assetsbetween$750,001-$2,000,0000.98% Assetsbetween$2,000,001- $3,000,0000.70% Assetsbetween$3,000,001- $4,000,0000.57% Assetsbetween$4,000,001- $5,000,0000.47% Assetsexceeding$5,000,000+0.18% OakbourneAdvisors’sinvestmentadvisoryfeeisgenerallynon-negotiable,exceptthatitmay extend discounted services to family members and friends of Oakbourne Advisors’s representatives. Certain legacy clients may have accepted different service offerings from OakbourneAdvisorsandmaythereforereceiveservicesunderdifferentfeeschedulesthanasset forthabove.Asaresultofthesefactors,similarlysituatedclientscouldpaydifferentfeeswhich correspondingly impact a client’s net account performance. The services to be provided by OakbourneAdvisorstoanyparticularclientcouldbeavailablefromotheradvisersatlowerfees.
Financial Planning and Consulting Services (Stand-Alone) OakbourneAdvisors’sfinancialplanningandconsultingfeesarenegotiablebutcanrangefrom $1,000to$5,000onafixedfeebasisdependinguponthescopeandcomplexityoftheservicesor are$300perhourifengagedonanhourlyratebasis.BeforeengagingOakbourneAdvisorsto providefinancialplanningandconsultingservicesonastand-aloneseparatefeebasis,clientsare E. Amounts Under Management