Firm Description and Types of Advisory Services New Dimensions Wealth Management, LLC (New Dimensions or the Firm) is a Limited Liability Company organized in the State of Texas. The Firm was formed in October 2009, and Lance Alston is the Founder, President, and Chief Compliance Officer of New Dimensions. He is the principal owner of the firm. Tiffany Finney-Johnson, Director of Financial Planning, is a minority owner of the firm. The following is a summary of New Dimensions services and client profiles: Client types: Individuals and high-net-worth individuals services: 1. Financial planning services. 2. Portfolio management services. New Dimensions is strictly a fee-only financial planning and investment management firm. The firm does not sell any commissioned products and the firm is not affiliated with any entities that sell financial products or securities. (Examples of commissioned products are annuities, insurance, loaded mutual funds, limited partnerships, etc.) No commissions in any form are accepted by New Dimensions or anyone employed by the firm. No finder’s fees are accepted. Description of Financial Planning and Portfolio Management Services New Dimensions provides personalized confidential financial planning and investment management to individuals and high-net-worth individuals. Advice is provided through consultation with the client and includes topics such as determination of financial objectives, identification of financial problems, cash-flow management, tax planning, insurance review, investment management, education funding, retirement planning, and estate planning. Financial planning clients receive a written report providing a detailed financial plan designed to achieve their stated financial goals and objectives. The client is under no obligation to use additional services of New Dimensions and its representatives and is under no obligation to implement the advice or plan. Financial planning clients who choose to implement the financial plan through New Dimensions and use our portfolio management services will receive ongoing financial planning services at no cost. New Dimensions also provides ongoing investment advice to clients regarding their portfolio assets based on the individual needs of the client. A client’s goals and objectives are established through the financial planning process, which creates the basis for portfolio management services that include portfolio design and monitoring. New Dimensions will manage advisory accounts on a discretionary basis only. Account supervision is guided by the stated objectives of the client as established during the financial planning process. When possible, New Dimensions will create a portfolio consisting exclusively of no-load, highly diversified mutual funds or exchange traded funds (ETFs). At times other assets are used, 5 New Dimensions Wealth Management, LLC including individual equities, bonds, other investment products, and load-waived mutual funds. It is the investment philosophy of the firm to avoid, where possible, investing in individual stocks and bonds. We believe clients are best served using low-cost, passively managed investment funds. As such, the primary criteria for selecting investment products are as follows: 1. Low cost – This includes the investment management fees (expense ratio), turnover costs, and the total trading fees charged by custodians. 2. Broad diversification 3. Appropriate asset class exposure – Portfolio weighting among asset classes will be determined by each client’s individual needs, circumstances, and preferences. Clients will have the opportunity to place reasonable restrictions on the types of investments held in their accounts. Clients will retain individual ownership of all securities held by the Custodian. New Dimensions discourages the use of margin transactions or option writing. Initial public offerings (IPOs) are not available through New Dimensions. New Dimensions does not participate in any Wrap-Fee Programs. Client Assets As of December 2023, New Dimensions manages approximately $129,597,875 in assets. All assets are managed on a discretionary basis. General Information The investment recommendations and advice offered by New Dimensions and your Advisory Representative are not legal advice or accounting advice. You should coordinate and discuss the impact of financial advice with your attorney and/or accountant. Our primary goal is to help our clients identify and pursue their financial goals, thereby enhancing the overall quality of their lives. 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 6 New Dimensions Wealth Management, LLC 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. IRA Rollover Considerations As part of our consulting and advisory services, we provide you with recommendations and advice concerning your employer retirement plan or other qualified retirement account. When appropriate, we will recommend that you withdraw the assets from your employer's retirement plan or other qualified retirement account and roll the assets over to an individual retirement account ("IRA") that we will manage. If you elect to roll the assets to an IRA under our management, we will charge you an asset-based fee as described in Item 5. This practice presents a conflict of interest because our investment advisory representative has an incentive to recommend a rollover to you for the purpose of generating compensation rather than solely based on your needs. You are under no obligation, contractually or otherwise, to complete the rollover. Furthermore, if you do complete the rollover, you are under no obligation to have your IRA assets managed by us. You have the right to decide whether or not to complete the rollover and the right to consult with other financial professionals. Some employers permit former employees to keep their retirement assets in their company plan. Also, current employees can sometimes move assets out of their company plan before they retire or change jobs. In determining whether to complete the rollover to an IRA, and to the extent the following options are available, you should consider the costs and benefits of each. 7 New Dimensions Wealth Management, LLC An employee will typically have four options: 1. Leave the funds in your employer's (former employer's) plan. 2. Roll over the funds to a new employer's retirement plan. 3. Cash out and take a taxable distribution from the plan. 4. Roll the funds into an IRA rollover account. Each of these options has advantages and disadvantages. Before making a change, we encourage you to speak with your financial advisor, CPA and/or tax attorney. Before rolling over your retirement funds to an IRA for us to manage, carefully consider the following. NOTE: This list is not exhaustive. 1. Determine whether the investment options in your employer's retirement plan address your needs or whether other types of investments are needed. a. Employer retirement plans generally have a more limited investment menu than IRAs. b. Employer retirement plans may have unique investment options not available to the public such as employer securities or previously closed funds. 2. Your current plan may have lower fees than our fees. a. If you are interested in investing only in mutual funds, you should understand the cost structure of the share classes available in your employer's retirement plan and how the costs of those share classes compare with those available in an IRA. b. You should understand the various products and services available through an IRA provider and their costs. c. It is likely you will not be charged a management fee and will not receive ongoing asset management services unless you elect to have such services. If your plan offers management services, the fee associated with the service may be more or less than our asset management fee. 3. Our strategy may have higher risk than the option(s) provided to you in your plan. 4. Your current plan may offer financial advice, guidance, management, and/or portfolio options at no additional cost. 5. If you keep your assets titled in a 401k or retirement account, and you are still working, you could potentially delay your required minimum distribution beyond age 72. 6. Your 401k may offer more liability protection than a rollover IRA; each state may vary. Generally, federal law protects assets in qualified plans from creditors. Since 2005, IRA assets have been generally protected from creditors in bankruptcies; however, there can be exceptions. Consult an attorney if you are concerned about protecting your retirement plan assets from creditors. 7. You may be able to take out a loan on your 401k, but not from an IRA. 8. IRA assets can be accessed any time; however, prior to age 59 ½, distributions are subject to ordinary income tax and may also be subject to a 10% early distribution penalty unless they qualify for an exception such as disability, higher education expenses, or a home purchase. 9. If you own company stock in your plan, you may be able to liquidate those shares at a lower capital gains tax rate. Your plan may allow you to hire us as the manager and 8 New Dimensions Wealth Management, LLC keep the assets titled in the plan name. It is important that you understand your options, their features and differences and decide whether a rollover is best for you. New Dimensions will strive to provide clear, unbiased information that will help you make any rollover decision. If you have questions, contact Lance Alston at our main number listed on the cover page of this brochure.