Alpha Wealth Strategies (also referred to as the Firm, “we”, “us” or “our”) offers investment consulting and supervisory services along with segmented financial planning advice to individuals, trusts, estates and individual retirement accounts (also referred to as ”you” or “your”). The Firm was founded December 23, 2005 and became an investment adviser registered with the U.S. Securities & Exchange Commission; it began business on March 1, 2006 and has operated essentially the same since then. The firm’s founder is its 98% shareholder; the remaining 2% owned by active participants in the firm’s operations. Clark M. Blackman II, CFA is the firm’s founder, principal owner and managing member. He is one of two advisers of the firm. His complete background, qualifications and credentials can be found in the supplemental ADV 2 Part B included with this document. Clark M. Blackman III, CFA is a minority interest owner, Chief Investment Officer and Chief Operations Officer. His complete background, qualifications and credentials can be found in the supplemental ADV 2 Part B included with this document. Investment Consulting and Supervisory Services Services we will provide to you include:
• Analysis of your current investments, investment strategy, and risk tolerance;
• Education on investment principles and how you should relate an investment plan to specific financial goals;
• Creation of an investment policy statement for your review and approval if you do not already have an investment policy statement we approve of;
• Development of asset allocation models to assist us in the selection of asset classes that are consistent with your stated investment objectives, personal risk tolerance, and overall financial goals;
• Researching and identifying categories of money managers (which may include actively managed or indexed open end mutual funds) that are compatible with your investment policy statement and selecting one or more investment managers in each category. This will typically be based upon analyses using available published data and can include interviews with managers;
• Selection of money managers, which may include mutual fund money managers. The selection of a money manager will focus on matching the investment philosophies of Alpha Wealth Strategies and yourself, as well as other risk and performance criteria;
• Monitoring and reporting of investment returns, including specific performance of your portfolio(s) returns and specific money managers/mutual funds returns; and,
• Creation of retirement cash flow analysis and estate planning recommendations as requested. 5 Alpha Wealth Strategies March 2023 Investment Policy We will provide you with an investment policy statement (if you do not have one already) for review and approval that will:
• Establish reasonable, realistic expectations, objectives and guidelines for the investment of your portfolio's assets;
• Set forth an investment structure detailing asset class allocations and target ranges for your portfolio;
• Ensure effective communication between you, Alpha Wealth Strategies, and the separate account money manager, where applicable; and,
• Create the framework for a well-diversified asset mix that can be expected to generate reasonable long-term returns at a level of volatility risk you have identified. We are responsible for selecting and monitoring each investment and/or money manager. Mutual funds or separate account money managers are selected and monitored using criteria we believe is most appropriate at that time. We follow a long term, modern portfolio theory efficient frontier mean/variance optimization approach that precludes the use of market timing or tactical allocation moves. This means we determine an "optimal" allocation strategy for you that meets your risk/return profile to meet your goals, and do not change it unless your risk/return profile changes or your goals materially change. Implementation of Strategy Implementation Alternatives – We will provide you with one or more investment platforms to implement your investment strategy. Investments are made exclusively in marketable securities in the form of professionally managed stocks, bonds, cash equivalents (money market funds), actively managed open-end mutual funds, or when requested, index funds or ETFs. Private account money managers will be employed to implement individual stock and bond strategies where appropriate for an account. We do NOT recommend individual stocks or bonds (other than Treasury securities if requested) nor any types of options, derivatives, hard assets, commodities or other “alternative” investments of any type. We evaluate and recommend investment managers (including mutual funds) whose investment strategies and philosophy align with your investment objectives. Investment managers provide services that include security selection and certain administrative services. We will review the investment managers’ performance no less frequently than quarterly to ensure that the portfolio's risk and return characteristics remain consistent with your needs. We will select an investment manager(s) (typically in the form of open-end mutual funds) to be responsible for specific security selection decisions for your portfolio on a day-to-day basis, based upon your investment objectives; or in certain circumstances we will recommend separate account money managers. The investment manager(s) will exercise discretionary control over the managed account adhering to the acceptable 6 Alpha Wealth Strategies March 2023 guidelines established by the manager selected, or by you and your adviser (where applicable) or as established in the fund’s prospectus. An “open-end” mutual fund is a special kind of investment company registered with the SEC that allows you to invest money directly with the investment company on a daily basis, at the end of the trading day. In return for your dollars, you receive shares representing direct ownership in the fund, the number of which is based on the value of the fund’s portfolio at the end of that day. This is in contrast to a “closed end” fund where you buy shares from another investor just as you would buy shares of any other publicly traded company. The value of those shares are determined by the market at any given moment during the trading day, and your money goes to the seller, not the fund. These shares typically sell at a premium or discount to the underlying value of the fund’s investment portfolio, and are rarely representative of the value of the stocks or bonds being managed. We do not recommend “closed-end” fund shares for client portfolios. The investment manager’s performance will be monitored to ensure that the account is being managed in accordance with its stated risk/return goals. We will ensure that reports are provided at least quarterly to you, detailing the investment manager's performance and will act as the liaison between you and the investment manager. You will also receive a monthly statement from the independent custodian selected to maintain and safeguard your securities (although you may choose to instruct the custodian to send this quarterly). This statement will provide a detail of security positions held, as well as advisory fees paid and transactions, contributions and distributions executed during the period. Our investment advisory/consulting program is designed around a five-step asset management process. We will commit to doing

the following for you:
• Help you determine your risk profile and investment objectives. Through personal consultations we will develop a profile of your investment history, needs, goals, time horizon, and attitudes toward investing;
• Diversify your assets among asset classes, asset sub-classes and equity styles in a manner that you agree to and are comfortable with. You will have the opportunity to place restrictions on the types of investments which will be made on your behalf. Your asset allocation strategy is implemented by investing with separate account money managers and/or in a well-diversified portfolio of multi- manager open-end mutual funds. In implementing your asset allocation strategy, we may, where we believe appropriate, utilize other, more traditional, open-end mutual funds using a single management firm as the money manager. In these instances, the fund manager is typically an employee of the fund company. We are totally independent of and not affiliated in any way with the fund or money management companies we recommend, nor are we compensated by them;
• Establish, and agree to, an asset allocation strategy and investment policy that meets your approval, based upon your needs and objectives if you do not have one already. This policy will seek to balance your need for investment return with your capacity and appetite for risk (defined as short term downside volatility 7 Alpha Wealth Strategies March 2023 exposure) through the carefully diversified allocation of your investments. These decisions are documented in a formal investment policy statement;
• Rebalance your portfolio(s). Your investment portfolio is monitored on a regular basis to ensure that it remains consistent with your agreed-upon asset allocation strategy. If the relative value of investments in the portfolio changes enough to become inconsistent with your policy target allocation, it is rebalanced at least on a quarterly basis (your portfolio may be rebalanced more frequently if in our opinion that would be the most prudent course of action). The income tax consequences of rebalancing are given consideration where tax sensitivity is identified as a material consideration by you; and,
• Safeguard your assets through recommendations for independent custody and reporting services. In those cases where SEI Private Trust Company acts as the transfer agent and custodian for your account, SEI Private Trust Company provides reporting services including consolidated monthly statements, quarterly performance reports, and year-end tax reports. We may also recommend you use the services of an alternative custodian, Charles Schwab & Co., Inc. ("Schwab"). Under this arrangement, Schwab will be responsible for reporting services including consolidated monthly statements and year-end tax reports. You may also specify a custodian of your own preference; in most instances this would not create a barrier to providing investment services, however, this may create limitations in certain services provided and may result in higher or lower overall costs to you. We typically maintain discretion for all managed accounts to allow for rebalancing and direct payment of our fees. We do not otherwise take custody of your assets at any time. We tailor our advisory services to your individual needs. Portfolio weighting between asset classes, sub-classes and the underlying securities used will be determined by your individual needs and circumstances. As mentioned previously, you will have the opportunity to place restrictions on the types of investments which will be made on your behalf. We are not a participant in wrap fee programs. We are not a broker/dealer nor are we affiliated in any way with a broker/dealer. The firm primarily manages client assets on a discretionary basis; in rare and exceptional cases the firm will engage as a consultant to non-discretionary accounts. As of December 31, 2022 discretionary “regulatory assets under management” (RAUM) had a market value of $143,184,558. Non-discretionary assets not included in RAUM total $12,766,917. Financial Planning We may also provide certain financial planning services which are available to clients who have contracted with us for investment supervisory services. We do not accept any clients who only wish to engage us for personal financial planning. Also, we are not 8 Alpha Wealth Strategies March 2023 insurance licensed and therefore pursuant to Texas law do not sell or give advice on insurance products. We will, at your direction and pursuant to our agreement, address any or all of the following areas of concern: Tax Planning: We will work with your tax preparer and be responsive to requests for calculations, analysis and data needed to complete your income tax planning and required return(s). Estate and Gift Planning: We will review with you the value of certain estate and gift strategies including the use of various trusts, powers of attorney, asset protection plans, etc., and will work with your attorney to ensure your decisions are effectively implemented. Retirement Planning: We will analyze your current strategies and investment plans and help you determine how to best achieve your retirement saving and spending goals. Charitable Gift Planning: We can work with you to determine how to best meet your philanthropic goals and objectives during your lifetime and at death. We will gather required information through in-depth personal interviews. Information gathered includes your current financial status, future goals and objectives, investment experience, and attitudes toward risk. Related documents, including a questionnaire completed by you, are reviewed and meetings will take place to discuss and evaluate our recommendations. If you choose to implement any of these recommendations we will work with your attorney, accountant and/or insurance agent to assist them. Implementation of recommendations is of course entirely at your discretion. Disclosure of conflicts of interest when providing financial planning and investment advisory service - please see “Item 11 Code of Ethics” for an explanation of how "assets under management" fees can create a conflict of interest when giving certain financial planning advice. The Firm has voluntarily subscribed to the Best Practices for Financial Advisors published by The Institute for the Fiduciary Standard. The "Best Practices" offer a simple code of conduct and outline a commitment to clients of subscribing financial advisors. They seek to clearly articulate what a client can expect to receive from a subscribing financial advisor. These Best Practices do not replace our regulatory compliance obligations or duties to clients under relevant laws, rules, or regulations. The Institute for the Fiduciary Standard’s role is limited to publishing the Best Practices as well as maintaining a corresponding register of subscribing financial advisors. You can find a list of the Best Practices and verify our subscription status on the Institute for the Fiduciary Standards website at www.thefiduciaryinstitute.org. Note of full disclosure - Clark M. Blackman II was a member of the Best Practices Board of the Institute for the Fiduciary Standard responsible for creating these practices and continues as a board member emeritus as of the date of this ADV.