A. FIRMDESCRIPTION Reshape, LLC (“Reshape” or the “Firm” or “us” or “we”) is a registered investment advisor formed under the laws of New Jersey as a Limited Liability company in August 2017, which is wholly owned by Reshape Wealth, LLC.
B. TYPES OF ADVISORY SERVICES OVERVIEW OFSERVICES Reshape dedicates itself to understanding the objectives of each client. For all services described below, we tailor our advisory services in accordance with client-specific needs. Before providing investment advisory services, Reshape takes multiple factors into consideration, including, but not limited to, investment objectives, investment horizon, risk tolerance, as well as any reasonable guidelines and restrictions a client may need or impose.
INVESTMENT ADVISORYSERVICES Reshape’s investment advisory services include, but are not limited to, the following: ● Portfolio Management Services ● Third Party Asset Management ● Financial Planning Services ● Financial Consulting Services ● Retirement Plan Consulting Services PORTFOLIOMANAGEMENTSERVICES We provide discretionary portfolio management services to clients, based on the specific needs and objectives of each client. Before engaging us to provide any of the investment advisory services, we require that the client review and sign a written investment advisory agreement (“IAA”). The IAA outlines the services and fees the clients will incur pursuant to the IAA with Reshape. Upon signing the IAA, we will meet with the client to understand their current financial situation, existing resources, financial goals, and risk tolerance. Based on what is learned, an investment approach is created. Portfolios will be designed to meet a particular investment goal, determined to be in the best interests of the client . Once an appropriate portfolio is determined, portfolios are continuously and regularly monitored and, if necessary, rebalanced based upon the client’s individual needs, stated goals, and objectives. Reshape may engage subadvisors and third-party managers to provide research, advice, and investment management services for our clients. Portfolio management clients are responsible for notifying Reshape and their advisor of any changes to their financial situation, investment objectives, risk tolerance or investment restrictions (if any).
From time to time, as appropriate based on the client’s investment profile, we also recommend that clients invest in alternative investments, including, but not limited to limited partnerships, private placements, privately offered securities and/or non-registered investments, which may require your approval before investing.
THIRD PARTY ASSET MANAGEMENT Reshape’s discretionary authority authorizes us to enter into sub-advisory and/or co-advisory relationships with other Third-Party Managers (“Managers”) to provide research, advice and guidance and/or investment management services. Under a co-advisory arrangement, both Reshape and the Manager retain certain investment decision-making and trade authority as described in the co-advisory agreement. Reshape selects the Manager to oversee the daily management of the client’s account/s and ensures the Manager’s portfolio strategy is consistent with the client’s investment objectives, risk tolerance and liquidity needs and goals.
In selecting a Manager, the Firm may consider the Manager’s experience, assets under management, performance record, client retention, the level of client services provided, investment style, buy and sell disciplines, and the general investment process. Managers may take discretionary authority to determine the securities to be purchased and sold for the client.
The information you provide your Investment Advisor Representative (IAR) will help determine which Third Party Manager model or portfolio strategy may be recommended for you.
FINANCIALPLANNINGSERVICES We provide our clients with an analysis of their current financial situation and recommendations relating to their financial goals. Financial planning services do not involve the active management of client accounts, but instead focus on a client’s overall financial situation and may include identifying long-term financial goals, tax planning, asset allocation, risk management, retirement planning. The role of the financial planner is to find ways to help the client understand their overall financial situation and set financial objectives.
An inherent conflict exists between the interests of Reshape and the interests of the client because Reshape also offers portfolio management services. Financial planning clients are under no obligation to act upon Reshape’s recommendations. Should a client elect to act on any recommendations made by Reshape, the client is under no obligation to effect transactions through the firm.
FINANCIALCONSULTINGSERVICES We provide our clients with financial consulting services to create a plan to guide our clients toward achieving specific financial goals or analysis of specific client issues. This may involve advising on assets managed elsewhere such as a private investment portfolio, private placements and/or 401(k) account held at an employer-sponsored fund. Specific client analysis issues vary, but common examples include deciding whether to start, buy, or sell a business, creating a regular savings plan, developing a private investment portfolio, funding a home purchase, or developing a holistic estate plan. These services are usually provided on a non-discretionary basis but may be discretionary depending on the client’s IAA.
Reshape’s financial consulting process begins

with a client meeting to discuss the specific goal or issue the client would like to address. Once the goal or issue is defined, Reshape works with the client to gather necessary information or documents to complete this process. An inherent conflict exists between the interests of Reshape and the interests of the client if Reshape recommends that the client hire Reshape for investment management services. The client is under no obligation to act upon Reshape’s recommendations or to utilize Reshape’s investment management services. The client is under no obligation to affect the transactions through the Firm.
RETIREMENT PLAN CONSULTING Reshape offers consulting services to pension or other employee benefit plans (including 401(k) plans). Retirement plan consulting may include, but is not limited to identifying investment objectives and restrictions, providing guidance on various assets classes and investment options, recommending money managers to manage plan assets in ways designed to achieve objectives, monitoring performance of money managers and investment options and making recommendations for changes, recommending other service providers, such as custodians, administrators and broker—dealers, creating a written consulting plan. These services are based on the goals, objectives, demographics, time horizon, and/or risk tolerance of the plan and its participants.
When we provide investment advice to you regarding your retirement plan account or individual retirement account (401k, 403b, IRA, etc), we are fiduciaries within the meaning of Title 1 of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The fiduciary standard is intended to ensure that financial transactions facilitated by Reshape and its staff are aligned with your best interests and comply with the Department of Labor (DOL) requirements relative to advising on retirement plan assets.
Under this special rule's provisions, we will:
• 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.
Retirement Rollovers Conflict of Interest. When Reshape recommends you roll over your account from a current retirement plan account to an individual retirement account managed by Reshape a conflict of interest exists We can earn increased investment advisory fees by recommending that you roll over your account at the retirement plan to an IRA managed by Reshape. We will earn fewer investment advisory fees if you do not roll over the funds in the retirement plan to an IRA managed by Reshape. Thus, Reshape has an economic incentive to recommend a rollover of funds from a retirement plan to an IRA which is a conflict of interest because our recommendation that you open an IRA account to be managed by our firm can be based on our economic incentive and not based exclusively on whether or not moving the IRA to our management program is in your overall best interest. We have taken steps to manage this conflict of interest. We have adopted an impartial conduct standard whereby our investment adviser representatives will (i) provide investment advice to a retirement plan participant regarding a rollover of funds from the retirement plan in accordance with the fiduciary status described below, (ii) not recommend investments which result in Reshape receiving unreasonable compensation related to the rollover of funds from the retirement plan to an IRA, and (iii) fully disclose compensation received by Reshape and our supervised persons and any material conflicts of interest related to recommending the rollover of funds from the retirement plan to an IRA and refrain from making any materially misleading statements regarding such rollover. When providing advice to your regarding a retirement plan account or IRA, our investment advisor representatives will act with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims, based on the investment objectives, risk, tolerance, financial circumstances, and a client’s needs, without regard to the financial or other interests of Reshape or our affiliated personnel. The client has options other than rolling over the assets to an account managed by Reshape, including managing the assets without the assistance of Reshape as part of their current employer sponsored retirement plan or by rolling over the assets to an IRA. In both cases, the client would not be required to pay additional fees to Reshape and the client would be responsible for managing the assets on their own. The Client always has the right to decide whether or not to rollover retirement plan assets to an account managed by Reshape.
D. WRAPFEEPROGRAMS Reshape does not participate in and is not a sponsor of wrap fee programs.
E. ASSETSUNDERMANAGEMENT This is Reshape’s initial disclosure, As such, Reshape currently reports $0.00 in client assets on a discretionary basis and $0.00 on a non-discretionary basis.