A. Firm Information
OneGroup Wealth Partners, Inc., (“OGWP” or the “Advisor”) is a registered investment advisor with the U.S.
Securities and Exchange Commission (“SEC”). The Advisor is organized as a corporation under the laws of New
York. OGWP was founded in January 2020, and is owned and operated by Community Bank, N.A (Community
Bank). This Disclosure Brochure provides information regarding the qualifications, business practices, and the
advisory services provided by OGWP. The Advisor also operates under the d/b/a One Group Wealth Investment
Services.
B. Advisory Services Offered
OGWP offers investment advisory services to individuals, high net worth individuals, trusts, estates, businesses,
charitable organizations and retirement plans (each referred to as a “Client”).
The Advisor serves as a fiduciary to Clients, as defined under the applicable laws and regulations. As a fiduciary,
the Advisor upholds a duty of loyalty, fairness and good faith towards each Client and seeks to mitigate potential
conflicts of interest. OGWP’s fiduciary commitment is further described in the Advisor’s Code of Ethics. For more
information regarding the Code of Ethics, please see Item 11 – Code of Ethics, Participation or Interest in Client
Transactions and Personal Trading.
Investment Management Services
OGWP provides customized investment advisory solutions for its Clients and, to the extent specifically requested
by the client, financial planning and consulting services. In the event that the client requires extraordinary planning
and/or consultation services (to be determined in the sole discretion of the Advisor), the Advisor may determine
to charge for such additional services, the dollar amount of which shall be set forth in a separate written notice to
the client. This is achieved through continuous personal Client contact and interaction while providing discretionary
and non-discretionary investment management and related advisory services. OGWP works closely with each
Client to identify their investment goals and objectives as well as risk tolerance and financial situation in order to
create a portfolio strategy. OGWP will then construct an investment portfolio, consisting of low-cost, diversified
mutual funds and/or exchange- traded funds (“ETFs”) to achieve the Client’s investment goals. The Advisor may
also utilize individual stocks, or bonds to meet the needs of its Clients. The Advisor may retain certain legacy
investments based on a Client’s legacy investments based on portfolio fit and/or tax considerations.
OGWP’s investment approach is primarily long-term focused, but the Advisor may buy, sell or re-allocate positions
that have been held for less than one year to meet the objectives of the Client or due to market conditions. The
Advisor will construct, implement and monitor the portfolio to ensure it meets the goals, objectives, circumstances,
and risk tolerance agreed to by the Client. Each Client will have the opportunity to place reasonable restrictions on
the types of investments to be held in their respective portfolio, subject to acceptance by the Advisor.
Once allocated, the Advisor provides ongoing monitoring and review of account performance, asset allocation and
client investment objectives.
OGWP evaluates and selects investments for inclusion in Client portfolios only after applying its internal due
diligence process. OGWP may recommend, on occasion, redistributing investment allocations to diversify the
portfolio. OGWP may recommend specific positions to increase sector or asset class weightings. The Advisor
may recommend employing cash positions as a possible hedge against market movement. OGWP may
recommend selling positions for reasons that include, but are not limited to, harvesting capital gains or losses,
business or sector risk exposure to a specific security or class of securities, overvaluation or overweighting of the
position[s] in the portfolio, change in risk tolerance of the Client, generating cash to meet Client needs, or any risk
deemed unacceptable for the Client’s risk tolerance
At no time will OGWP accept or maintain custody of a Client’s funds or securities, except for the limited authority
as outlined in Item 15 – Custody. All Client assets will be managed within the designated account[s] at the
Custodian, pursuant to the terms of the advisory agreement. Please see Item 12 – Brokerage Practices.
Retirement Rollovers-Potential for Conflict of Interest: A client or prospective client leaving an employer
typically has four options regarding an existing retirement plan (and may engage in a combination of these
options): (i) leave the money in the former employer’s plan, if permitted, (ii) roll over the assets to the new
employer’s plan, if one is available and rollovers are permitted, (iii) roll over to an Individual Retirement Account
(“IRA”), or (iv) cash out the account value (which could, depending upon the client’s age, result in adverse tax
consequences). If Advisor recommends that a client roll over their retirement plan assets into an account to be
managed by Advisor, such a recommendation creates a conflict of interest if Advisor will earn new (or increase its
current) compensation as a result of the rollover. If Advisor provides a recommendation as to whether a client
should engage in a rollover or not, Advisor is acting as a fiduciary 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. No client is under any obligation to roll over retirement plan assets to an account managed
by Advisor.
Independent Managers. The Advisor may allocate a portion of the client’s investment assets among unaffiliated
independent investment managers in accordance with the client’s designated investment objective(s). In such
situations, the Independent Manager(s) shall have day-to-day responsibility for the active discretionary
management of the allocated assets, including, to the extent applicable, proxy voting responsibility. Advisor shall
continue to render investment supervisory services to the client relative to the ongoing monitoring and review of
account performance, asset allocation and client investment objectives. Factors that Advisor shall consider in
recommending Independent Manager(s) include the client’s designated investment objective(s), management
style, performance, reputation, financial strength, reporting, pricing, and research. Please Note. The investment
management fee charged by the Independent Manager(s) is separate from, and in addition to, Advisor’s
investment advisory fee disclosed at Item 5 below. The Advisor will assist the Client in the development of the
initial policy recommendations and managing the ongoing Client relationship. The Client, prior to entering into an
agreement with an Independent Manager, will be provided with the Independent Manager's Form ADV Part 2A –
Disclosure Brochure (or a brochure that makes the appropriate disclosures).
Retirement Plan Advisory Services.
OGWP provides retirement plan advisory services on behalf of the retirement plans (each a “Plan”) and the
company (the “Plan Sponsor”). The Advisor’s retirement plan advisory services are designed to assist the Plan
Sponsor in meeting its fiduciary obligations to the Plan and its Plan Participants. Each engagement is customized
to the needs of the Plan and Plan Sponsor. Services generally include
• Ongoing Investment Recommendation and Assistance 3(21)
These services are provided by OGWP serving in the capacity as a fiduciary under the Employee Retirement
Income Security Act of 1974, as amended (“ERISA”). In accordance with ERISA Section 408(b)(2), the Plan
Sponsor is provided with a written description of OGWP’s fiduciary status, the specific services to be rendered and
all direct and indirect compensation the Advisor reasonably expects under the engagement.
Financial Planning Services.
OGWP will typically provide a variety of financial planning and consulting services to Clients, either as a
component of investment management services or pursuant to a written financial planning agreement. Services
are offered in several areas of a Client’s financial situation, depending on their goals and objectives.
Generally, such financial planning services involve preparing a formal financial plan or rendering a specific
financial consultation based on the Client’s financial goals and objectives. This planning or consulting may
encompass one or more areas of need, including but not limited to, investment planning, retirement planning,
personal savings, education savings, and other areas of a Client’s financial situation.
The Advisor may provide financial planning and/or consulting services (including investment and non-investment
related matters, including estate planning, insurance planning, etc.) on a stand-alone separate fee basis. The
Advisor offers financial planning on a project and ongoing basis.
Prior to engaging the Advisor to provide planning or consulting services, clients are generally required to enter
into a consulting agreement with Advisor setting forth the terms and conditions of the engagement (including
termination), describing the scope of the services to be provided, and the portion of the fee that is due from the
client prior to Advisor commencing services. If requested by the client, the Advisor may recommend the services
of other professionals for implementation purposes, including certain of the Advisor’s representatives in their
individual capacities as licensed insurance agents or registered representatives of LPL Financial (See disclosure
at Item 10.C below). The client is under no obligation to engage the services of any such recommended
professional. The client retains absolute discretion over all such implementation decisions and is free to accept or
reject any recommendation from the Advisor.
A financial plan developed for, or financial consultation rendered to, the Client will usually include general
recommendations for a course of activity or specific actions to be taken by the Client. For example,
recommendations may be made that the Client start or revise their investment programs, commence or alter
retirement savings, establish education savings and/or charitable giving programs. OGWP may also refer Clients
to an accountant, attorney or other specialists, as appropriate for their unique situation. For certain financial
planning engagements, the Advisor will provide a written summary of the Client’s financial situation, observations,
and recommendations. For consulting or ad-hoc engagements, the Advisor may not provide a written summary.
Plans or consultations are typically completed within six (6) months of contract date, assuming all information and
documents requested are provided promptly. Financial planning and consulting recommendations pose a conflict
between the interests of the Advisor and the interests of the Client. For example, the Advisor has an incentive to
recommend that clients engage the Advisor for investment management services or to increase the level of
investment assets with the Advisor, as it would increase the advisory fees paid to the Advisor. Clients are not
obligated to implement any recommendations made by the Advisor or maintain an ongoing relationship with the
Advisor. If the Client elects to act on any of the recommendations made by the Advisor, the Client is under no
obligation to implement the transaction through the Advisor.
Limitations of Financial Planning and Non-Investment Consulting/Implementation Services.
To the extent requested by the client, Advisor will generally provide financial planning and related consulting
services regarding matters such as tax and estate planning, insurance, etc. Advisor will generally provide such
consulting services inclusive of its advisory fee set forth at Item 5 below (exceptions could occur based upon
assets under management, extraordinary matters, special projects, stand-alone planning engagements, etc. for
which Firm may charge a separate or additional fee). Please Note. Advisor believes that it is important for the
client to address financial planning issues on an ongoing basis. Advisor’s advisory fee, as set forth at Item 5 below,
will remain the same regardless of whether or not the client determines to address financial planning issues with
Advisor. Please Also Note: Advisor does not serve as an attorney or accountant and no portion of our services
should be construed as same. Accordingly, Advisor does not prepare legal documents or tax returns To the extent
requested by a client, we may recommend the services of other professionals for non-investment implementation
purpose (i.e., attorneys, accountants, insurance, etc.), including our own representatives in their capacity as
licensed insurance agents. The client is not under any obligation to engage any such professional(s). The client
retains absolute discretion over all such implementation decisions and is free to accept or reject any
recommendation from Advisor and/or its representatives. If the client engages any professional (i.e., attorney,
accountant, insurance agent, etc.), recommended or otherwise, and a dispute arises thereafter relative to such
engagement, the engaged professional shall remain exclusively responsible for resolving any such dispute with
the client. At all times, the engaged licensed
professional(s) (i.e., attorney, accountant, etc.), and not Advisor, shall
be responsible for the quality and competency of the services provided.
Custodian Charges – Additional Fees. As discussed below at Item 12 below, when requested to recommend a
broker-dealer/custodian for client accounts, Advisor generally recommends certain broker-dealers and custodians
for client investment management assets. Broker-dealers charge brokerage commissions, transaction, and/or
other type fees for effecting certain types of securities transactions (i.e., including transaction fees for certain
mutual funds, and mark-ups and mark-downs charged for fixed income transactions, etc.). The types of securities
for which transaction fees, commissions, and/or other type fees (as well as the amount of those fees) shall differ
depending upon the broker-dealer/custodian. While certain custodians, generally (with potential exceptions) do
not currently charge fees on individual equity transactions (including ETFs), others do. Please Note: there can be
no assurance that recommended broker-dealer will not change their transaction fee pricing in the future. Please
Also Note: Broker-dealers may also assess fees to clients who elect to receive trade confirmations and account
statements by regular mail rather than electronically. Tradeaways: When beneficial to the client, individual fixed‐
income and/or equity transactions may be effected through broker‐dealers with whom Advisor and/or the client
have entered into arrangements for prime brokerage clearing services, including effecting certain client
transactions through other SEC registered and FINRA member broker‐dealers (in which event, the client generally
will incur both the transaction fee charged by the executing broker‐dealer and a “trade-away” fee charged by
custodian/broker -dealer). The above fees/charges are in addition to Advisor’s investment advisory fee at Item 5
below. Advisor does not receive any portion of these fees/charges.
Exception: To the extent that the Advisor executes transactions in conjunction with a wrap program and use of
asset based pricing, transaction fees shall generally be included in the wrap advisory fee paid to the wrap program
sponsor
Portfolio Activity. Advisor has a fiduciary duty to provide services consistent with the client’s best interest.
Advisor will review client portfolios on an ongoing basis to determine if any changes are necessary based upon
various factors, including, but not limited to, investment performance, market conditions, fund manager tenure,
style drift, account additions or /withdrawals, and/or a change in the client’s investment objective. Based upon
these factors, there may be extended periods of time when Advisor determines that changes to a client’s portfolio
are unnecessary. Clients remain subject to the fees described in Item 5 below during periods of portfolio inactivity.
Of course, as indicated below, there can be no assurance that investment decisions made by the Advisor will be
profitable or equal any specific performance level(s).
Use of Mutual Funds and Exchange Traded Funds: While Advisor may recommend allocating investment
assets to mutual funds and exchange traded funds that are not available directly to the public, Advisor may also
recommend that clients allocate investment assets to publicly available mutual funds and exchange traded funds
that the client could obtain without engaging Advisor as an investment adviser. However, if a client or prospective
client determines to allocate investment assets to publicly available mutual funds or exchange traded funds without
engaging Advisor as an investment adviser, the client or prospective client would not receive the benefit of
Advisor’s initial and ongoing investment advisory services. Please Note: In addition to Advisor’s investment
advisory fee described below, and transaction and/or custodial fees discussed below, clients will also incur,
relative to all mutual fund and Exchange traded fund purchases, charges imposed at the fund level (e.g.
management fees and other fund expenses).
Please Note: Non-Discretionary Service Limitations: Clients that determine to engage Advisor on a non-
discretionary investment advisory basis must be willing to accept that Advisor cannot effect any account
transactions without obtaining prior consent to any such transaction(s) from the client. Thus, in the event of a
market correction during which the client is unavailable, Advisor will be unable to effect any account transactions
(as it would for its discretionary clients) without first obtaining the client’s consent
Cybersecurity Risk. The information technology systems and networks that Advisor and its third-party service
providers use to provide services to Advisor’s clients employ various controls, which are designed to prevent
cybersecurity incidents stemming from intentional or unintentional actions that could cause significant interruptions
in Advisor’s operations and result in the unauthorized acquisition or use of clients’ confidential or non-public
personal information. Clients and Advisor are nonetheless subject to the risk of cybersecurity incidents that could
ultimately cause them to incur losses, including for example: financial losses, cost, and reputational damage to
respond to regulatory obligations, other costs associated with corrective measures, and loss from damage or
interruption to systems. Although Advisor has established its processes to reduce the risk of cybersecurity
incidents, there is no guarantee that these efforts will always be successful, especially considering that Advisor
does not directly control the cybersecurity measures and policies employed by third-party service providers.
Clients could incur similar adverse consequences resulting from cybersecurity incidents that more directly affect
issuers of securities in which those clients invest, broker-dealers, qualified custodians, governmental and other
regulatory authorities, exchange and other financial market operators, or other financial institutions.
Cash Sweep Accounts. Account custodians generally require that cash proceeds from account transactions or
cash deposits be swept into and/or initially maintained in the custodian’s sweep account. The yield on the sweep
account is generally lower than those available in money market accounts. To help mitigate this issue, Advisor
shall generally purchase a higher yielding money market fund available on the custodian’s platform with cash
proceeds or deposits, unless Advisor reasonably anticipates that it will utilize the cash proceeds during the
subsequent period to purchase additional investments for the client’s account. Exceptions and/or modifications
can and will occur with respect to all or a portion of the cash balances for various reasons, including, but not
limited to, the amount of dispersion between the sweep account and a money market fund, the size of the cash
balance, an indication from the client of an imminent need for such cash, or the client has a demonstrated history
of writing checks from the account.
Please Note: The above does not apply to the cash component maintained within the Advisor’s actively managed
investment strategy (the cash balances for which shall generally remain in the custodian designated cash sweep
account), an indication from the client of a need for access to such cash, assets allocated to an unaffiliated
investment manager, and cash balances maintained for fee billing purposes. Please Also Note: The client shall
remain exclusively responsible for yield dispersion/cash balance decisions and corresponding transactions for
cash balances maintained in any of the Advisor’s unmanaged accounts.
Fee Differentials. Advisor, in its discretion, may charge a lesser investment advisory fee, charge a flat fee, waive
its fee entirely, or charge fee on a different interval, based upon certain criteria (i.e.., anticipated future earning
capacity, anticipated future additional assets, dollar amount of assets to be managed, related accounts, account
composition, complexity of the engagement, anticipated services to be rendered, grandfathered fee schedules,
employees and family members, courtesy accounts, competition, negotiations with client, etc.). Please Note: As
a result of the above, similarly situated clients could pay different fees. In addition, similar advisory services may
be available from other investment advisers for similar or lower fees
Cash Positions. Advisor continues to treat cash as an asset class. As such, unless determined to the contrary
by Advisor, all cash positions (money markets, etc.) shall continue to be included as part of assets under
management for purposes of calculating Advisor’s advisory fee. At any specific point in time, depending upon
perceived or anticipated market conditions/events (there being no guarantee that such anticipated market
conditions/events will occur), Advisor may maintain cash positions for defensive purposes. In addition, while
assets are maintained in cash, such amounts could miss market advances. Depending upon current yields, at any
point in time, Advisor’s advisory fee could exceed the interest paid by the client’s money market fund.
C. Client Account Management
Prior to engaging OGWP to provide investment advisory services, each Client is required to enter into one or
more agreements with the Advisor that define the terms, conditions, authority and responsibilities of the Advisor
and the Client. These services may include:
• Establishing an Investment Strategy – The Advisor in connection with the Client, will develop a strategy
that seeks to achieve the Client’s goals and objectives.
• Asset Allocation – The Advisor will develop a strategic asset allocation that is targeted to meet the
investment objectives, time horizon, financial situation and tolerance for risk for each Client.
• Portfolio Construction – The Advisor will develop a portfolio for the Client that is intended to meet the
stated goals and objectives of the Client.
• Investment Management and Supervision – The Advisor will provide investment management and
ongoing oversight of the Client’s investment portfolio.
D. Client Obligations. In performing our services, Advisor shall not be required to verify any information received
from the client or from the client’s other professionals, and is expressly authorized to rely thereon. Moreover, it
remains each client’s responsibility to promptly notify Advisor if there is ever any change in his/her/its financial
situation or investment objectives for the purpose of reviewing/evaluating/revising our previous
recommendations and/or services.
E. Please Note: Investment Risk. Different types of investments involve varying degrees of risk, and it should not
be assumed that future performance of any specific investment or investment strategy (including the
investments and/or investment strategies recommended or undertaken by Advisor) will be profitable or equal
any specific performance level(s).
F. Disclosure Brochure. A copy of the Advisor’s written Brochure as set forth on Part 2A of Form ADV and Form
CRS (Client Relationship Summary) shall be provided to each client prior to, or contemporaneously with, the
execution of an agreement between the client and the Advisor
G. Wrap Fee Programs
Wrap Program-Conflict of Interest. Advisor also provides services on a wrap fee basis as a wrap program sponsor.
Under Advisor’s wrap program, the client generally receives investment advisory services, the execution of
securities brokerage transactions, custody and reporting services for a single specified fee. Participation in a wrap
program can cost the client more or less than purchasing such services separately. The terms and conditions of
a wrap program engagement are more fully discussed in Advisor’s Wrap Fee Program Brochure. Conflict of
Interest. Because wrap program transaction fees and/or commissions are being paid by Advisor to the account
custodian/broker-dealer, Advisor should have an economic incentive to maximize its compensation by seeking to
minimize the number of transaction fee trades in the client's account. See separate Wrap Fee Program Brochure.
Please Note: As indicated in the Wrap Fee Program Brochure, participation in the Program may cost more or less
than purchasing such services separately. As also indicated in the Wrap Fee Program Brochure, the Program fee
charged by Advisor for participation in the Program may be higher or lower than those charged by other sponsors
of comparable wrap fee programs.
Separately, in the event that Advisor is engaged to provide investment advisory services as part of an unaffiliated
wrap-fee program, Advisor will be unable to negotiate commissions and/or transaction costs. The program
sponsor will determine the broker-dealer though which transactions must be effected, and the amount of
transaction fees and/or commissions to be charged to the participant investor accounts. Participation in a wrap
program may cost the participant more or less than purchasing such services separately. Higher transaction costs
adversely impact account performance
H. Assets Under Management
As of December 31, 2023, OGWP manages $89,125,238 in Client assets, on a discretionary basis and $3,724,978
on a non-discretionary basis. Clients may request more current information at any time by contacting the Advisor.