Description of Firm Parrott Wealth Management, LLC ("PWM") is a registered investment advisor based in Colorado Springs, Colorado. We are organized as a limited liability company ("LLC") under the laws of the State of Texas. We have been providing investment advisory services since October 2015. We are solely owned by President and CEO, William R. Parrott. Parrott Wealth Management is an independent, fee- only, fiduciary financial planning and investment management firm serving families and individuals. At PWM, we primarily work with individuals in, near, or contemplating retirement. The following paragraphs describe our services and fees. Refer to the description of each investment advisory service listed below for information on how we tailor our advisory services to your individual needs. As used in this brochure, the words "we," "our," and "us" refer to Parrott Wealth Management, LLC and the words "you," "your," and "client" refer to you as either a client or prospective client of our firm.
Portfolio Management Services Parrott Wealth Management is an independent, fee-only, fiduciary financial planning and investment management firm serving families and individuals. At PWM, we offer our portfolio management services primarily to individuals in, near, or contemplating retirement. We offer portfolio management services on a discretionary basis. Our investment advice is tailored to meet our clients' needs and investment objectives. If you retain our firm for portfolio management services, we will meet with you to determine your investment objectives, risk tolerance, and other relevant information at the beginning of our advisory relationship. We will use the information we gather to develop a strategy that enables our firm to give you continuous and focused investment advice and/or to make investments on your behalf.
As part of our portfolio management services, we will invest your assets according to one or more model portfolios developed by our firm or contruct a customized portfolio based on your individual needs. Model portfolios consist primarily of mutual or exchange-traded funds and are designed for investors with varying degrees of risk tolerance ranging from a more aggressive investment strategy to a more conservative investment approach. Clients may impose restrictions on investing in certain securities or types of securities in their account. In such cases, this may prevent a client from investing in certain models that are managed by our firm. Customized portfolios typically include a combination of model portfolio holdings and legacy holdings in individual stocks, bonds, mutual funds, or exchange- traded funds. Once we construct an investment portfolio for you or select a model portfolio, we will monitor your portfolio's performance on an ongoing basis. We will rebalance the portfolio as required by changes in market conditions and your financial circumstances. If you participate in our discretionary portfolio management services, we require you to grant our firm discretionary authority to manage your account. Discretionary authorization will allow us to determine the specific securities, and the amount of securities, to be purchased or sold for your account without your approval prior to each transaction. Discretionary authority is typically granted by the investment advisory agreement you sign with our firm and the appropriate trading authorization forms. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased or sold for your account) by providing our firm with your restrictions and guidelines in writing.
Pension Plan Services We offer both discretionary and non-discretionary investment services to pension plans. This service includes plan design, education, and investment guidance as well as participant education and financial planning.
4 Non-Discretionary Portfolio Management Service We also offer non-discretionary portfolio management services. If you enter into non-discretionary arrangements

with our firm, we must obtain your approval prior to executing any transactions on behalf of your account. You have an unrestricted right to decline to implement any advice provided by our firm on a non-discretionary basis.
Financial Planning Services We offer financial planning services which typically involve providing a variety of advisory services to clients regarding the management of their financial resources based upon an analysis of their individual needs. If you retain our firm for financial planning services, we will meet with you to gather information about your financial circumstances and objectives. We may also use financial planning software to determine your current financial position and to define and quantify your long-term goals and objectives. Once we specify those long-term objectives (both financial and non-financial), we will develop shorter-term, targeted objectives. Once we review and analyze the information you provide to our firm and the data derived from our financial planning software, we will deliver a written plan to you, designed to help you achieve your stated financial goals and objectives.
Financial plans are based on your financial situation at the time we present the plan to you, and on the financial information you provide to us. You must promptly notify our firm if your financial situation, goals, objectives, or needs change. You are under no obligation to act upon Parrott Wealth Management, LLC recommendations, and if you elect to act on any of our recommendations, you are under no obligation to effect the transactions through Parrott Wealth Management, LLC.
Wrap Fee Programs We do not participate in any wrap fee program.
Types of Investments While we primarily recommend mutual funds and exchange-traded funds ("ETFs"), we offer advice on equities, bonds, and other types of investments held in your portfolio at the inception of our advisory relationship.
Refer to the Methods of Analysis, Investment Strategies and Risk of Loss below for additional disclosures on this topic.
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; 5
•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.
Assets Under Management As of December 31, 2023, we provide continuous management services for $184,498,678 in client assets on a discretionary basis, and $0 in client assets on a non-discretionary basis.