IA Registration Status – Registered since 2007. Registered with the U. S. Securities and Exchange Commission 2007 – 2012 and 2014 - present; 1 Registered with State of California 2012 - 2014; Principal Owners – James C. Gebhardt Matthew D. Grishman Assets Under Management Discretionary Assets – $214,973,743 as of December 31, 2023 Non-discretionary2 Assets – $ 53,831,407 Total Assets - $268,805,150 Gebhardt Group, Inc. (“Gebhardt Group” or sometimes the “Firm” or “Advisor”) is a California corporation providing investment management and financial planning and financial consultation services to its clients. ADVISORY SERVICES Our investment management services are organized around our proprietary financial planning system intended to assist our clients in the design, development and perpetuation of personal and multi-generational financial goals. Our investment advisory services are provided in specific and individualized planning and implementation phases. The four phases are: I. Step One: Unpack Your Story In this stage, we’ll unpack and explore what true wealth means to you. Together, we’ll take a deep dive – beyond bank statements and accounts – into your personal priorities, goals, and aspirations. This starts with a grounding exercise and honest conversation about everything; from upbringing and relationships to financial traumas and triumphs. Because once you’ve laid out your history, you’ll have the clarity to make informed and meaningful decisions about your future. The questions we will answer are as follows:  What are your greatest worries, opportunities, and strengths?  What does financial security look like to you?  Do you have enough money to support your needs and wants over the course of your life?  If not, what do we need to do to get on track?
• What we do o Review and analyze all financial documents to take a financial inventory of where you stand today. (we have already started this process together) 1 “Registration” means only that the Firm meets the minimum requirements for registration as an investment advisor and does not imply a certain level of skill or training or that the SEC or any other regulator guarantees the quality of our services or recommends them. 2 The Firm no longer accepts non-discretionary trading authority over client investment assets. All non- discretionary assets noted are legacy assets that preceded the Firm’s discretionary-only policy. o Deeper discussion of current components to True Wealth (People, Purpose, Play, and Prosperity). o Review current investments, life insurance policies and estate planning documents.
• What you get o Whole Wealth Journey proposal with the full scope of work ahead of us (this document). o Whole Wealth Assessment upon proposal acceptance and plan completion. 1. Are we the right fit for you? We understand that choosing a financial advisor is a very personal endeavor. We will provide you with the information you need to determine whether you want to take the next step in our financial process to address your future financial goals, but you are under no obligation to do so. Whether you want to continue building a relationship with us is a decision you get to make. By the end of the meeting, we will determine together whether we can help you address any concerns you may be experiencing regarding your overall retirement and lifetime income strategies. If the answer is yes, then we will send you a detailed proposal with the scope of our relationship, and upon mutual agreement, put the timeline in place to allow us to do what we do best: Design a financial strategy fit for you and your family. II. Step Two: Define Your Story Here we’ll take the conversation a step further to define your goals, along with actionable steps to meet them. Throughout this process, we’ll help you align your financial resources with the principles, people, passions and experiences that you hold closest. This will include in- depth counseling about your short term and long-term vision for personal, professional and financial growth. We’re talking traditional employment, non-traditional employment, defining retirement and beyond. Think of us in this step of our work together as your financial therapists, taking a holistic approach to helping you understand and unlock your true wealth. The questions we will answer are as follows:  What do you want to achieve as you begin designing the next stage in life?  What are the core values that drive your decision making?  What are your most important beliefs that drive you to get out of bed every day?
• What we do o Review your Whole Wealth Proposal step by step. o Provide money mindfulness resources to further outline your goals. o Conduct an in-depth dialogue to look beyond numbers to help you discover what you want out of your true wealth.
• What you get o KOLBE Assessment – how do you naturally take action in all areas of your life? o Dreams & Vision Questionnaire – how do you envision the role money will play in supporting your retirement? o Financial Life Checklist – how do you feel about the different financial aspects of your life today? o Clarity Compass Exercise – what are your core values and are they aligned with your finances and how you use your money? III. Step Three: Shape Your Story This step will help us turn our discussions up to this point into a clear-cut path to moving forward. We will address imminent financial needs. We will present different financial modeling scenarios. And finally, we will create an action plan for how we will see your plan through to its successful construction and implementation. Once you know the significance that you seek from your wealth, it’s time to go after it. During this step, we will show you how to:  Address your immediate financial worries, opportunities, and strengths.  Invest your time in the people, places and experiences that bring you the greatest amount of joy and purpose.
• What we do o Identify any critical issues that need to be addressed immediately. o Develop an action plan to alleviating these critical issues. o Begin to build scenarios and action steps to help you get or stay on track. o Identify the amount of risk you are comfortable taking in your financial lives, the current amount of risk you are actually taking, and the amount of risk you should be taking given your goals and objectives.
• What you get o The clarity to know if you are on track to meet your most important goals in life. o The confidence to know how to get on track if you are not. o A complete risk assessment based on your current asset composition. IV. Step 4: Bring Your Story to Life With a plan in place, you now have the clarity to start spending, saving, investing and living in a way that is true to you and your true wealth. Now is when we help you refine your routine until we find a comfortable flow that you feel confident about. Though this step winds down our planning process and our initial engagement, it’s only the beginning of a beautiful partnership and friendship bound by gratitude. (Ongoing wealth management services are performed under a separate agreement) During this step, we will show you how to:  Align all of your financial resources to support your core values and greatest intentions.  Implement spending,

savings, investment, retirement, life insurance, estate planning, and college planning strategies that are in complete alignment with the principles, people, places and experiences that mean the most to you.  Choose alternative scenarios with pros and cons for each, designed to minimize your tax liability, maximize your ability to create lifetime income, and create a legacy for you and your family.
• What we do o Report findings from our assessment of your financial security and identify strategies to optimize all of your assets to be in alignment with your vision and goals. o Make specific recommendations on how to allocate investment assets. o Present options for financial risk mitigation. o Create timeline for financial plan implementation and explore an agreed upon schedule for tune ups and adjustments. o Adjust or modify your plan based on expected or unexpected changes that may occur in life.
• What you get o A complete roadmap with multiple pathways to get you to a comfortable, thriving tomorrow. o Confidence, clarity, capability. o Options. To execute the above plan with the greatest impact in the shortest amount of time, we work as a team collaborating with your CPA and your estate attorney. This maximizes your investment in your financial and estate planning process and gives you the freedom to pursue your greatest passions while our team is working on your behalf. Legal implementation, including the fees for drafting of legal documents and the preparation of tax returns are specifically excluded under this agreement as we do not provide tax or legal advice. Whole Wealth Journey Summary Upon the completion of all four planning phases, you will receive a Whole Wealth Journey Final Planning Summary, which will detail your blueprint for a better life. In it, you will find all the components of your overall wealth management strategy. It will serve as your guide to help you stay on track and make financial adjustments as needed. Through our network of collaborative partnerships our clients may access other financial professionals, including accounting, legal professionals, as their individual needs dictate. Fiduciary Status When Gebhardt Group provides investment advice to you regarding your investment accounts, including your retirement plan account or individual retirement account, we are fiduciaries within the meaning of certain state and federal laws such as the Employee Retirement Income Security Act and/or the Internal Revenue Code and the regulations of the U.S. Securities and Exchange Commission, as applicable. These regulations require us to act in your best interest and not put our interests ahead of yours. Management of Held-Away Assets (Retirement Plan Participant Accounts) We use Pontera, a third-party platform to facilitate management of held away assets such as defined contribution plan participant accounts managed on a discretionary basis. We are not affiliated with the platform in any way and receive no compensation from them for using their platform. We do not have direct access to client log-in credentials to affect trades so that our use of the platform does not confer custody of client funds. Rather, a link is provided to the client allowing the client to connect an account(s) to the platform. Once a client’s account(s) is connected to the platform, Gebhardt Group may review the current account allocations and as necessary, will rebalance the account considering client investment goals and risk tolerance, and any change in allocations will consider current economic and market trends. The goal is to improve account performance over time, minimize loss during difficult markets, and manage internal fees that harm account performance. Client account(s) are reviewed at least quarterly and allocation changes are made as deemed necessary. FINANCIAL PLANNING AND FINANCIAL CONSULTATION SERVICES We provide financial planning/financial consulting services on an hourly or preferably, on a fixed fee basis. Such services include a financial review and analysis of some or all of the following areas: − Determining Financial Goals And Objectives − Asset Allocation Review − Retirement Plan Analysis − Employee Stock Option Analysis − Current Portfolio Review − Education Funding Analysis − Cost Audit of Current Investments − Cash Flow Management Review − Review of Insurance Needs − Mortgage and Refinance Evaluation − Estate Plan Review or Development − Charitable Panning − Opinion on Current Investment Strategy/Advisors − Other financial or investment analysis Typically, clients engaging the Firm to provide financial planning/consultation services alone are required to enter into a separate written agreement setting forth the terms and conditions of the engagement and describing the scope of the services to be provided. Financial planning/consultation clients need not necessarily become investment management clients of the Firm. Gebhardt Group recommends that its financial planning and financial consultation clients retain the Firm as their investment advisor to implement its recommendations and such recommendation may be viewed as a conflict of interest. Financial planning and financial consultation clients are hereby advised that they are under no obligation to act on Gebhardt Group’ investment recommendations. Moreover, if a client elects to act on any of the recommendations, the client is under no obligation to effect the transactions through any investment advisor when such is licensed as a broker-dealer or through any associate or affiliate of such advisor that is employed as registered representative or sales agent with a licensed broker-dealer. General Notices In performing its services, Gebhardt Group relies upon the information received from its client or from their other professional legal and accounting advisors and is not required to independently verify such information. Clients must promptly notify us of any change in their financial situation or investment objectives that would necessitate a review or revision by our advisors of the client’s portfolio and/or financial plan. The Firm does not sponsor nor does it provide portfolio management services to wrap fee programs offered by broker-dealers or others. TERMINATION OF AGREEMENT Clients may terminate their agreement with the Firm at any time, upon written notice to Gebhardt Group. The Firm does not assess any fees related to termination but will be entitled to all management fees earned up to the date of termination. Any earned fees owed to Gebhardt Group will be paid from the client’s account on a pro rata basis determined on the amount of time expired in the calendar quarter. Advisor may terminate the agreement with any client at any time. Any unearned investment management fees owed to the client will be refunded on a pro rata basis determined on the amount of time expired in the calendar quarter. If a copy of this Form ADV Part 2A disclosure statement was not delivered to the client prior to or simultaneous with a client entering into a written advisory contract with Advisor, then the client has the right to terminate the contract without penalty within five (5) business days after entering into the contract. For purposes of this provision, a contract is considered entered into when all parties to the contract have signed the contract. If the client terminates the contract on this basis, all fees paid by the client will be refunded. Any transaction costs imposed by the executing broker or custodian for establishing the custodial account or for trades on those days are non-refundable.