Description of Advisory Firm Ark Wealth Management, LLC (hereinafter “AWM”) is an investment adviser registered with the Securities and Exchange Commission. The firm was formed in October 2021 and is owned 100% by Ark Financial Holdings, which is primarily owned by David Bull. Types of Advisory Services Portfolio Management Services AWM offers ongoing portfolio management services based on the individual goals, objectives, time horizon, and risk tolerance of each client. AWM creates an Investment Policy Statement for each client, which outlines the client’s current situation (income, tax levels, and risk tolerance levels). Portfolio management services include, but are not limited to, the following:
• Investment strategy
• Asset allocation
• Risk tolerance
• Personal investment policy
• Asset selection
• Regular portfolio monitoring AWM evaluates the current investments of each client with respect to their risk tolerance levels and time horizon. AWM will request discretionary authority from clients to select securities and execute transactions without permission from the client prior to each transaction. Risk tolerance levels are documented in the Investment Policy Statement, which is given to each client. AWM seeks to provide that investment decisions are made in accordance with the fiduciary duties owed to its accounts and without consideration of AWM’s economic, investment or other financial interests. To meet its fiduciary obligations, AWM attempts to avoid, among other things, investment or trading practices that systematically advantage or disadvantage certain client portfolios, and accordingly, AWM’s policy is to seek fair and equitable allocation of investment opportunities/transactions among its clients to avoid favoring one client over another over time. It is AWM’s policy to allocate investment opportunities and transactions it identifies as being appropriate and prudent, including initial public offerings (“IPOs”) and other investment opportunities that might have a limited supply, among its clients on a fair and equitable basis over time. Investment decisions are made according to the established strategy. AWM has pre-approved model portfolios of specific holdings that align with different client objectives and that fulfill the asset allocation defined in the portfolio construction. Trade proposals are generated using industry standard rebalancing and investment management tools and are executed in line with the firm's best execution policy and in a manner that is fair and equitable to all clients. Pension Consulting Services AWM offers consulting services to pension or other employee benefit plans (including but not limited to 401(k) plans). Pension consulting may include, but is not limited to:
• Identifying investment objectives and restrictions. Ark Wealth Management, LLC Page 5 of 13
• 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 pension consulting plan. These services are based on the goals, objectives, demographics, time horizon, and/or risk tolerance of the plan and its participants. Financial Planning Financial plans and financial planning may include but are not limited to investment planning, life insurance, tax concerns, retirement planning, college planning, and debt/credit planning. Robo-Advisor: Ark Academy Program With the Ark Academy Program, AWM offers investment advisory services to clients through an interactive website, Schwab Intelligence Portfolio. Clients will answer a series of questions and then an algorithm is used to designate the client accounts into one of the models managed by AWM. The algorithm does not manage the client accounts and the algorithm is not responsible for building the model portfolios. AWM designs and manages the model portfolios. Services Limited to Specific Types of Investments AWM generally limits its investment advice to mutual funds, fixed income securities, real estate funds (including REITs), insurance products including annuities, equities, hedge funds, private equity funds, ETFs (including ETFs in the gold and precious metal sectors), treasury inflation protected/inflation linked bonds, commodities, non-U.S. securities, venture capital funds and private placements. AWM may use other securities as well to help diversify a portfolio when applicable. Selection of Other Advisers AWM may direct clients to third-party investment advisers to manage either all or a portion of the client’s portfolio. Before selecting other advisers for clients, AWM will verify that all recommended advisers are properly licensed, notice filed, or exempt in the states where AWM is recommending the adviser to clients. For these types of arrangements, clients will pay AWM a management fee, as discussed in Item 5 of this brochure, with a portion of that management paid to the third-party investment adviser. AWM will also provide clients a copy of the third-party investment advisers ADV Part 2A, 2B, Form CRS and Privacy Notice. Client Tailored Services and Client Imposed Restrictions AWM offers the same suite of services to all its clients. However, specific client investment strategies and their implementation are dependent upon the client Investment Policy Statement which outlines each client’s current situation (income, tax levels, and risk tolerance levels). Clients may impose restrictions in investing in certain securities or types of securities in accordance with their values or beliefs. However, if the restrictions prevent AWM from properly servicing the client account, or if the restrictions would require AWM to deviate from its standard suite of services, AWM reserves the right to end the relationship. For the Ark Academy Program, clients may not place restrictions on their accounts. Ark Wealth Management, LLC Page 6 of 13 Wrap Fee Programs A wrap fee program is an investment program where the investor pays one stated fee that includes management fees, transaction costs, fund expenses, and other administrative fees. AWM does not participate in any wrap fee programs. Assets under Management As of December 31, 2023, AWM has $145 million in discretionary assets under management.