ShoreHaven Wealth Partners, LLC ("ShoreHaven Wealth Partners" or the "Firm") offers a variety of advisory services, which include financial planning, consulting, and investment management services. Prior to ShoreHaven Wealth Partners rendering any of the foregoing advisory services, clients are required to enter into one or more written agreements with ShoreHaven Wealth Partners setting forth the relevant terms and conditions of the advisory relationship (the "Advisory Agreement").
ShoreHaven Wealth Partners filed for registration as an investment adviser in June 2020 and is owned by Lawrence Durso, Michael Durso and Michael Lombardi. As of February 8, 2024, the Firm had $400,868,341 in assets under management, $400,868,341 of which are discretionary and $0 of which are non-discretionary. As of February 8, 2024, ShoreHaven Wealth Partners had $17,230,868 in assets under advisement, which are held away from the Firm's Custodian.
While this brochure generally describes the business of ShoreHaven Wealth Partners, certain sections also discuss the activities of its Supervised Persons, which refer to the Firm's officers, partners, directors (or other persons occupying a similar status or performing similar functions), employees or other persons who provide investment advice on ShoreHaven Wealth Partners' behalf and are subject to the Firm's supervision or control.
Financial Planning and Consulting Services ShoreHaven Wealth Partners offers clients a broad range of financial planning and consulting services, which include any or all of the following functions:
•Business Planning
•Cash Flow Forecasting
•Trust and Estate Planning
•Financial Reporting
•Investment Consulting
•Insurance Planning
•Retirement Planning
•Risk Management
•Charitable Giving
•Distribution Planning
•Tax Planning
•Education Planning While each of these services is available on a stand-alone basis, certain of them can also be rendered in conjunction with investment portfolio management as part of a comprehensive wealth management engagement (described in more detail below).
In performing these services, ShoreHaven Wealth Partners is not required to verify any information received from the client or from the client's other professionals (e.g., attorneys, accountants, etc.,) and is expressly authorized to rely on such information. ShoreHaven Wealth Partners recommends certain clients engage the Firm for additional related services, its Supervised Persons in their individual capacities as insurance agents or registered representatives of a broker-dealer and/or other professionals to implement its recommendations. Clients are advised that a conflict of interest exists for the Firm to recommend that clients engage ShoreHaven Wealth Partners or its affiliates to provide (or continue to provide) additional services for compensation, including investment management services. Clients retain absolute discretion over all decisions regarding implementation and are under no obligation to act upon any of the recommendations made by ShoreHaven Wealth Partners under a financial planning or consulting engagement. Clients are advised that it remains their responsibility to 4 promptly notify the Firm of any change in their financial situation or investment objectives for the purpose of reviewing, evaluating or revising ShoreHaven Wealth Partners' recommendations and/or services.
Investment and Wealth Management Services ShoreHaven Wealth Partners manages client investment portfolios on a discretionary or non- discretionary basis. In addition, ShoreHaven Wealth Partners provides certain clients with wealth management services which include a broad range of financial planning and consulting services as well as discretionary management of investment portfolios.
ShoreHaven Wealth Partners primarily allocates client assets among various exchange-traded funds ("ETFs"), mutual funds, and independent investment managers through separately managed accounts or subadvisory relationships ("Independent Managers") in accordance with their stated investment objectives. Where appropriate the Firm may also recommend alternative investments and cryptocurrencies.
Where appropriate, the Firm also provides advice about any type of legacy position or other investment held in client portfolios, but clients should not assume that these assets are being continuously monitored or otherwise advised on by the Firm. Clients can engage ShoreHaven Wealth Partners to manage and/or advise on certain investment products that are not maintained at their primary custodian, such as variable life insurance and annuity contracts and assets held in employer sponsored retirement plans and qualified tuition plans (i.e., 529 plans). In these situations, ShoreHaven Wealth Partners directs or recommends the allocation of client assets among the various investment options available with the product. These assets are generally maintained at the underwriting insurance company or the custodian designated by the product's provider and clients may be responsible to implement the recommendations depending on the authority the Firm is given by the product's provider.
ShoreHaven Wealth Partners tailors its advisory services to meet the needs of its individual clients and seeks to ensure, on a continuous basis, that client portfolios are managed in a manner consistent with those needs and objectives. ShoreHaven Wealth Partners consults with clients on an initial and ongoing basis to assess their specific risk tolerance, time horizon, liquidity constraints and other related factors relevant to the management of their portfolios. Clients are advised to promptly notify ShoreHaven Wealth Partners if there are changes in their financial situation or if they wish to place any limitations on the management of their portfolios. Clients can impose reasonable restrictions or mandates on the management of their accounts if ShoreHaven Wealth Partners determines, in its sole discretion, the conditions would not materially impact the performance of a management strategy or prove overly burdensome to the Firm's management efforts.
Retirement Plan Consulting Services ShoreHaven Wealth Partners provides various consulting services to qualified employee benefit plans and their fiduciaries. This suite of institutional services is designed to assist plan sponsors in structuring, managing and optimizing their corporate retirement plans. Each engagement is individually negotiated and customized, and includes any or all of the following services: 5
•Plan Design and Strategy
•Plan Review and Evaluation
•Executive Planning & Benefits
•Investment Selection
•Plan Fee and Cost Analysis
•Plan Committee Consultation
•Fiduciary and Compliance
•Participant Education As disclosed in the Advisory Agreement, certain of the foregoing services are provided by ShoreHaven Wealth Partners as a fiduciary under the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). In accordance with ERISA Section 408(b)(2), each plan sponsor is provided with a written description of ShoreHaven Wealth Partners' fiduciary status, the specific services to be rendered and all direct and indirect compensation the Firm reasonably expects under the engagement.
Use of Independent Managers As mentioned above, ShoreHaven Wealth Partners selects certain Independent Managers to actively manage a portion of its clients' assets. The specific terms and conditions under which a client engages an Independent Manager are set forth in a separate written agreement with the designated Independent Manager. That agreement can be between the Firm and the Independent Manager (often called a subadvisor) or the client and the Independent Manager (sometimes called a separate account manager). The Independent Managers may also be accessed through a TAMP or other platform of managers. In addition to this brochure, clients will typically also receive the written disclosure documents of the respective Independent Managers engaged to manage their assets.
ShoreHaven Wealth Partners evaluates a variety of information about Independent Managers, which includes the Independent Managers' public disclosure documents, materials supplied by the Independent Managers themselves and other third-party analyses it believes are reputable. To the extent possible, the Firm seeks to assess the Independent Managers' investment strategies, past performance and risk results in relation to its clients' individual portfolio allocations and risk exposure. ShoreHaven Wealth Partners also takes into consideration each Independent Manager's management style, returns, reputation, financial strength, reporting, pricing and research capabilities, among other factors.
ShoreHaven Wealth Partners continues to provide services relative to the discretionary selection of the Independent Managers. On an ongoing basis, the Firm monitors the performance of those accounts being managed by Independent Managers. ShoreHaven Wealth Partners seeks to ensure the Independent Managers' strategies and target allocations remain aligned with its clients' investment objectives and overall best interests.
Investment Management and Transactions The development and maintenance of the ShoreHaven Wealth Partners Models, is materially supported by BlackRock Fund Advisors and/or its affiliates, including BlackRock Investments, LLC (collectively, "BlackRock"), which provides ShoreHaven Wealth Partners with investment research, model recommendations and marketing support at no cost. Research and recommendations provided by BlackRock to ShoreHaven Wealth Partners, however, predominantly favor the use of iShares ETFs, which are distributed by BlackRock. While ShoreHaven Wealth Partners is under no obligation to utilize iShares ETFs in the management of the ShoreHaven Wealth Partners Models, such models will predominantly and sometimes exclusively utilize iShares ETFs in their construction. This creates a material conflict of interest for ShoreHaven Wealth Partners as the receipt of such services from 6 BlackRock reduces ShoreHaven Wealth Partners' operating costs, which creates an incentive for ShoreHaven Wealth Partners to recommend and utilize products sponsored or distributed by BlackRock in the management of all client accounts.
Use of BlackRock Fund Advisers BlackRock Fund Advisors BlackRock Fund Advisors ("BlackRock", CRD No. 105247) has granted ShoreHaven Wealth Partners with access to its Aladdin® Platform, a portfolio management and risk analytics operating system, as well as marketing support at no cost to ShoreHaven Wealth Partners. Investment models generated by the Aladdin® Platform are used by ShoreHaven Wealth Partners in the development and maintenance of the Models and their related series. The investment models generated by the Aladdin® Platform predominantly and sometimes exclusively utilize iShares ETFs, which are sponsored, distributed and/or advised by BlackRock. ShoreHaven Wealth Partners receipt of investment research, models and/or technology from BlackRock creates a conflict of interest for ShoreHaven Wealth

Partners because the receipt of these benefits reduces ShoreHaven Wealth Partners' operating costs, which, in turn, creates an incentive for ShoreHaven Wealth Partners to recommend and/or use iShares ETFs and/or other BlackRock products in the investment management of client accounts. BlackRock does not provide and is not responsible for providing investment advice to clients of ShoreHaven Wealth Partners, does not participate in or make any investment decisions on behalf of ShoreHaven Wealth Partners or clients of ShoreHaven Wealth Partners, does not endorse any investment decision or recommendation made by ShoreHaven Wealth Partners or its IARs, and has no obligation to continue to provide ShoreHaven Wealth Partners with its investment models and/or access to the Aladdin® Platform. In addition to investment research, models and/or technology, BlackRock provides or may provide discounted or free attendance to conferences, meetings and other educational or social events, which may include full coverage of travel expenses to such events. Clients should be aware that the receipt of these benefits creates a conflict of interest for ShoreHaven Wealth Partners as it creates another incentive for ShoreHaven Wealth Partners to recommend the use of iShares ETFs and/or other BlackRock products in the investment management of client accounts. ShoreHaven Wealth Partners addresses these conflicts of interest by (1) providing disclosure of the relationship and the associated conflicts of interest to clients in this Wrap Fee Program Brochure and (2) reminding clients that they have the ability to impose reasonable restrictions on the securities or types of securities to be held in their portfolios, including a restriction on the purchase and/or use of investment products associated with BlackRock.
Tax Transition and Overlay Services ShoreHaven Wealth Partners may enter into a sub-advisory agreement (the "Implementation Services Agreement") with certain registered investment advisers ("RIAs") to provide tax transition and overlay services ("Tax Transition and Overlay Services") to certain non-qualified clients of such RIAs ("Sub- Advised Clients") with respect to certain model portfolios. Such RIAs will have also entered into an agreement with BlackRock with respect to certain non-discretionary model portfolios provided by BlackRock (as described above). As noted above, such model portfolios provided by BlackRock or its affiliate will include (i) all Affiliated Funds or (ii) a significant allocation to Affiliated Funds and the remaining allocation to External Products, subject to parameters set by BlackRock. Pursuant to the Implementation Services Agreement, an RIA or its supervised personnel (its "Access Persons") may engage ShoreHaven Wealth Partners to manage a Sub-Advised Client account in a tax aware manner and consistent with the risk profile of a particular model portfolio selected by such RIA or its Access Person, subject to certain guidelines provided to the RIA or its Access Person (the "Guidelines"). The RIA is responsible for determining the suitability of a particular model portfolio for the Sub-Advised Clients. The Tax Transition and Overlay Services are provided by ShoreHaven Wealth Partners. Such Tax Transition and Overlay Services seek to improve after-tax returns for a Sub-Advised Client account while aligning the client account with the risk/return profile of the applicable model portfolio, subject to any Sub-Advised Client-specific Guidelines. Ongoing trading of such Sub-Advised Client accounts by ShoreHaven Wealth Partners will occur to accommodate client activity, cash 7 management, tax loss harvesting, tracking error improvement, and periodic rebalancing of the applicable model portfolio. The actual holdings in a Sub-Advised Client account, and the performance of such account, may differ from the holdings and performance of the model portfolio due to the Guidelines applicable to such account and the trading of such account in a tax-aware manner. Information relating to the model portfolios, including brochures and fact sheets, are available through the portal. ShoreHaven Wealth Partners trades a Sub-Advised Client account and enters into transactions on the basis of tax information maintained by the Adviser and the custodian of the account and consistent with ShoreHaven Wealth Partners' wash sale guidelines, which may be updated by ShoreHaven Wealth Partners from time to time. ShoreHaven Wealth Partners cannot guarantee the accuracy of any such tax information. ShoreHaven Wealth Partners does not provide tax advice, and proper tax treatment of transactions, including the application of the wash sale rules, should be determined by the Sub-Advised Clients' independent tax advisor. ShoreHaven Wealth Partners has no responsibility with respect to any tax reporting and filings that may be required by Sub-Advised Clients in connection with the transactions taken in the Sub-Advised Client accounts resulting from the Tax Transition and Overlay Services. In addition, ShoreHaven Wealth Partners cannot be responsible for the actions of other managers or actions by a Sub-Advised Client that may cause such Sub-Advised Clients to be disallowed the loss on the sale of a particular security in its account. There is currently no fee charged by ShoreHaven Wealth Partners for any such Tax Transition and Overlay Services. However, Affiliated Funds included in the Client accounts pay fees to ShoreHaven Wealth Partners or its affiliates for providing management, administrative, or other services. In addition, ShoreHaven Wealth Partners may require that RIAs meet certain assets under management thresholds across applicable Sub-Advised Client accounts in connection with the provision of such Tax Transition and Overlay Services.
Use of Dynasty Financial Partners, LLC TAMP ShoreHaven Wealth Partners has entered into a contractual relationship with Dynasty Financial Partners, Dynasty Wealth management and its affiliates ("Dynasty"), which provides ShoreHaven Wealth Partners with operational and back-office support including access to a network of service providers. Through the Dynasty network of service providers, ShoreHaven Wealth Partners may receive preferred pricing on trading technology, reporting, custody, brokerage, compliance and other related services. Dynasty works closely with the Firm on the operational and investment set-up to fully understand the Firm's objectives and transition capabilities. Dynasty will initially provide the Firm's chief compliance officer as well as control person in setting up the Firm. Dynasty charges a "Platform Fee," for which, unless otherwise disclosed, the client will be charged, separate from and in addition to such client's annual investment management fee, as described in Item 5 below. In addition, Dynasty's subsidiary, Dynasty Wealth Management, LLC ("DWM") is an SEC registered investment adviser, that provides access to a range of investment services including: separately managed accounts ("SMA"), mutual fund and ETF asset allocation strategies, and unified managed accounts ("UMA") managed by external third-party managers (collectively, the "Investment Programs"). ShoreHaven Wealth Partners and its clients may separately engage the services of Dynasty and/or its subsidiaries to access the Investment Programs. Under the SMA and UMA programs, ShoreHaven Wealth Partners will maintain the ability to select the specific, underlying third-party managers that will, in turn, have day-to-day discretionary trading authority over the requisite client assets.
DWM sponsors an investment management platform (the "Platform" or the "TAMP") that is available to the advisers in the Dynasty Network, such as ShoreHaven Wealth Partners. Through the Platform, DWM and Dynasty collectively provide certain technology, administrative, operations and advisory support services that allow advisers to manage their own portfolios and access independent third-party managers that provide discretionary services in the form of traditional managed accounts and investment models. Advisers can allocate all or a portion of client assets among the different independent third-party managers via the Platform. Advisers may also use the model management 8 feature of the TAMP by creating their own asset allocation model and underlying investments that comprise the model. Through the model management feature, advisers may be able to outsource the implementation of trade orders and periodic rebalancing of the model when needed. ShoreHaven Wealth Partners will maintain the direct contractual relationship with each client and obtain, through such agreements, the authority to engage independent third-party managers, DWM and/or Dynasty, as applicable, for services rendered through the Platform in service of such client. ShoreHaven Wealth Partners may delegate discretionary trading authority to DWM and/or independent third-party managers to effect investment and reinvestment of client assets with the ability to buy, sell or otherwise effect investment transactions and allocate client assets. If a client is participating in certain Investment Programs, DWM or the designated manager, as applicable, is also authorized without prior consultation of ShoreHaven Wealth Partners or the client to buy, sell, trade or allocate such client's assets in accordance with the client's designated portfolio and to deliver instructions to the designated broker-dealer and/or custodian of such client's assets.
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 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.