Description of Services One Capital Management, LLC (“OCM”) is a registered investment adviser based in Westlake Village, California. We are organized as a limited liability company under the laws of the State of Nevada. We have been providing investment advisory services since 2001.
OCM is owned 100% by OCM Capital Partners, LLC. 60% of OCM Capital Partners, LLC is owned by CI US Holdings Inc., and 40% by OCM Holdings, LLLP. Currently, we offer the following wealth management advisory services, which are personalized to each individual client:
• Wealth Management Investment Services
• Wealth Management Planning Services
• Sub-Advisory Services
• Retirement Plan Solutions
• Advisory Consulting Services Please refer to the description of each 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 One Capital Management, LLC, and the words “you,” “your” and “client” refer to you as either a client or prospective client of our firm.
Wealth Management Investment Services We offer discretionary wealth management investment services that are tailored to meet our clients’ needs and investment objectives. If you retain our firm for wealth management investment 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 an Investment Policy Statement (“IPS”). Once an IPS is generated, it becomes the guiding document in managing your investment portfolio. The IPS will determine the 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 wealth management services, we can customize an investment portfolio for you according to your IPS. We can also invest your assets using a predefined strategy, or we can invest your assets according to one or more model portfolios developed by our firm. Once we construct an investment portfolio for you, or select a model portfolio, we will monitor your portfolio’s performance relative to your goals and objectives as defined in the IPS on an ongoing basis. We will rebalance the portfolio as required by changes in market conditions and in your financial circumstances.
If you participate in our discretionary wealth management investment 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 number 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 can restrict certain securities from purchase in your portfolio in writing. If you enter non-discretionary arrangements with our firm, we must obtain your approval prior to executing any transactions on behalf of your account.
Wealth Management Planning Services OCM’s wealth management planning services range from a comprehensive evaluation of a client’s current and future financial state to more focused consultations, depending on the needs of each client. Based on information provided by the client, such as the client’s financial, business and investment guidelines, OCM will make recommendations designed to help achieve the client’s overall goals and objectives, and set forth future cash flow needs, retirement considerations and withdrawal plans.
To begin the process, OCM will gather information from the client through in-depth personal interviews and the completion of a Client Profile Questionnaire. The information gathered generally includes the client’s current financial status, tax status, future goals, returns objectives and attitudes towards risk.
After OCM carefully reviews the information supplied by the client, we will provide a detailed plan designed to assist the client to seek to achieve his or her financial goals and objectives. Through the wealth management planning process, all questions, information, and analysis are considered as they impact and are impacted by the entire financial and life situation of the client.
In general, the plan can address any or all the following areas:
• PERSONAL: We review family records, personal liability, budgeting, estate information and financial goals.

• TAX & CASH FLOW: We analyze the client’s income tax and spending and planning for past, current and future years; then illustrate the impact of various investments on the client’s current income tax and future tax liability.

• INVESTMENTS: We analyze investment alternatives and their effect on the client’s portfolio.

• INSURANCE: We review existing policies to attempt to ensure proper coverage for life, health, disability, long-term care, liability, home, and automobile.

• RETIREMENT: We analyze current strategies and investment plans to help the client achieve his or her retirement goals.
5One Capital Management, LLC Form ADV Part 2A
• DEATH & DISABILITY: We review the client’s projected cash needs at death, income needs of surviving dependents, estate planning and disability income.

• ESTATE: We assist the client in assessing and developing long-term strategies, including as appropriate, living trusts, wills, review estate tax, powers of attorney, asset protection plans, nursing homes, Medicaid, and elder law.
OCM is not a law firm or an accounting firm and does not provide legal or tax advice. You should consult your own legal, accounting and tax advisers to develop long-term Estate strategies and before making decisions or taking a distribution from a retirement account such as an IRA.
Clients can use OCM to implement certain investment recommendations but are under no obligation to do so. Advice and recommendations may also be given on non-securities matters and any implementation of OCM’s recommendations is entirely at the client’s discretion. Should the client choose to implement these recommendations, we suggest the client work closely with their attorney, accountant, insurance agent, and/or stockbroker. Clients are free to always accept or reject any or all recommendations made by OCM, and clients retain the authority and discretion on whether or not to implement any recommendations.
Clients should understand that a potential conflict of interest exists if OCM recommends its own investment management services to implement the plan. The recommendations are based on the client’s financial situation at the time the recommendations are provided and are based on the information provided by the client. In addition, certain assumptions can be made with respect to interest and inflation rates, use of past trends and performance of the market and economy. Past performance is in no way an indication of future performance and OCM cannot offer any guarantees or promises that the client’s financial goals and objectives will be met. As a client’s financial situation, goals, objectives, or needs change, the client is strongly urged to promptly notify OCM about the change.
Clients who engage OCM to prepare a plan will be required to enter into a separate agreement (“Wealth Management Planning Agreement”). All necessary confidentiality precautions are taken when sharing personal information. Clients should carefully read our Wealth Management Planning Agreement and our Privacy Policy for additional details about how we limit the personal information that we share in connection with these and other services.
Typically, the plan is presented to the client within three months of the contract date, provided that all information needed to prepare the plan has been promptly provided.
The plan recommendations are not limited to any specific product or service offered by a broker-dealer or insurance company however if a wealth management planning client does not have an adviser such as an accountant or attorney who can handle certain aspects of the plan, OCM can refer a client to such an adviser.
Additionally, OCM will work with corporations and their employees who engage us for wealth management planning services. The plan the employee will receive typically encompasses all areas discussed above.
Investment Adviser to Exchange-Traded Funds OCM serves as investment advisor to the FundX Funds ( the “FundX Funds”), exchange-traded funds (ETFs). For these advisory services to the Funds, OCM receives investment management fees and administrative fees and/or reimbursement

of operating expenses. It is possible that some of OCM’s clients’ assets are placed in investments in one or more of the FundX Funds if, in the determination of the portfolio manager, such an investment is suitable for the client. In these cases, as explained below under Fees and Compensation, OCM’s management fee from clients invested in the Funds may be adjusted.
The investment objectives and risk levels of any of the FundX Funds may be different from the investment objectives and risk tolerance of our individual clients and therefore individual clients’ holdings may not match or approximate those of any FundX Fund. Because of possible trading restrictions, fund availability and other factors, security holdings and transactions made on behalf of OCM’s clients may be inconsistent with holdings of the FundX Funds.
Sub Advisory Services We offer sub-advisory services to unaffiliated third-party money managers (the “Primary Investment Adviser”). As part of these services, we will manage assets delegated to our firm by the Primary Investment Adviser. While we are responsible for the overall management of the assets delegated to our firm, we will not communicate investment recommendations or selections directly to the Primary Investment Adviser’s individual clients.
Retirement Plan Solutions We offer Retirement Plan Solutions to employee benefit plans and their fiduciaries based upon the needs of the plan and the services requested by the plan sponsor or named fiduciary. In general, these services can include an existing plan review and analysis, plan-level advice regarding fund selection and investment options, preparation of investment policy statement, investment performance monitoring, education services to plan participants, and/or ongoing consulting. These retirement plan services will be either discretionary or nondiscretionary in nature. The ultimate decision to act on behalf of the plan shall remain with the plan sponsor or another named fiduciary.
We can also assist with participant enrollment meetings and provide educational seminars to plan participants on such topics as: 6One Capital Management, LLC Form ADV Part 2A
• Diversification
• Asset allocation
• Risk tolerance
• Time horizon
• Retirement planning
• Contribution analysis Our educational seminars can include other investment-related topics specific to the plan.
We can also provide additional types of consulting services to plans on an individually negotiated basis. All services, whether discussed above or customized for the plan based upon requirements from the plan fiduciaries (which can include additional plan-level or participant- level services) are detailed in a written agreement and are consistent with the parameters set forth in the plan documents.
General Advisory Services to Retirement Plans and Plan Participants As disclosed above, we offer various levels of advisory and consulting services to employee benefit plans (“Plan”) and to the participants of such plans (“Participants”). The services are designed to assist plan sponsors in meeting their management and fiduciary obligations to Participants under the Employee Retirement Income Securities Act (“ERISA”). Pursuant to adopted regulations of the U.S. Department of Labor, we are required to provide the Plan’s responsible plan fiduciary (the person who has the authority to engage us as an investment adviser to the Plan) with a written statement of the services we provide to the Plan, the compensation we receive for providing those services, and our status (which is described below).
The services we provide to your Plan are described above, and in the service agreement that the plan sponsor has previously signed. Our compensation for these services is described below, at Item 5, and in the service agreement. We do not reasonably expect to receive any other compensation, direct or indirect, for the services we provide to the Plan or Participants, unless the plan sponsor directs us to deduct our fee from the plan or directs the plan record-keeper to issue payment for our fee out of the plan. If we receive any other compensation for such services, we will (i) offset the compensation against our stated fees, and (ii) promptly disclose the amount of such compensation, the services rendered for such compensation and the payer of such compensation to the plan sponsor.
Status In providing services to the Plan and Participants, our status is that of an investment adviser registered under the Investment Advisers Act of 1940, and we are not subject to any disqualifications under Section 411 of ERISA. In performing fiduciary services, we are acting either as a non-discretionary fiduciary of the Plan as defined in Section 3(21) under ERISA, or as a discretionary fiduciary of the plan as defined in Section 3(38) under ERISA.
Advisory Services – Rollover Advice – Best Interest and Conflict of Interest We offer advice and recommend rollovers to retirement plan participants, including
• from an ERISA Plan to another ERISA Plan or to an IRA
• from an IRA to another IRA, or
• from one type of account to another, such as a commission-based account to a fee-based account When we provide investment advice 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 interests 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.
7One Capital Management, LLC Form ADV Part 2A Monthly FundX Newsletter OCM also is the publisher of a monthly newsletter that provides commentary and rankings of mutual funds and exchange traded funds (ETFs). OCM clients may be invested in funds recommended in the newsletter. However, in structuring individual client portfolios, OCM may choose to use mutual funds or ETFs that may be perceived as inconsistent with the ranking or commentary concerning a particular fund in the newsletter.
Advisory Consulting Services From time to time, we can elect to provide a special consultation, outside the customary managed account investment supervisory services. This consultation can involve components of business planning, investment, consultation and/or estate planning, but can also include spend management reviews, incentive & inventory management reviews, Group Benefit reviews, and dealership insurance reviews.
In addition to the services described above, the firm offers Cash Management Services. A full description of the service and fees can be found in Item 5.
Advisory Consulting Services are based on the client’s financial situation at the time and are based on financial information disclosed by the client to us. Clients are advised that certain assumptions can be made with respect to interest and inflation rates and use of past trends and performance of the market and economy. However, past performance is in no way an indication of future performance. We cannot offer any guarantees or promises that client’s financial goals and objectives will be met.
Types of Investments We offer advice on equity securities, ETFs, publicly traded real estate investment trusts (REITS), corporate, municipal and government or sovereign debt securities, and investment company securities (mutual funds).
Additionally, we can advise you on any type of investment that we deem appropriate based on your stated goals and objectives. We can also provide advice on any type of investment held in your portfolio at the inception of our advisory relationship.
You can request that we refrain from investing in particular securities or certain types of securities. You must provide these restrictions to our firm in writing.
Assets Under Management As of December 31, 2023, we manage $6,043,371,091.87 in client assets on a discretionary basis and $163,873,303.74 on a non- discretionary basis.