A. Firm Information One Wealth Advisors, LLC (“One Wealth” or the “Advisor”) is a registered investment advisor with the U.S. Securities and Exchange Commission (“SEC”) based in San Francisco, California. One Wealth is organized as a limited liability company (“LLC”) under the laws of the State of Delaware in September 2015. One Wealth is owned by David Steele Family Living Trust and Steele and Villena Trust. The Advisor is operated by David Steele (Managing Partner) and Jonathan Steele (Managing Partner and Chief Investment Officer), and Kevin Cohen (Director of Operations and Chief Compliance Officer). This Disclosure Brochure provides information regarding the qualifications, business practices, and the advisory services provided by One Wealth. B. Advisory Services Offered One Wealth offers holistic investment advisory services to individuals, high net worth individuals, trusts, estates, charitable organizations, businesses and their retirement plans (each referred to as a “Client”). One Wealth provides comprehensive investment management, financial planning and consulting services by offering individually tailored comprehensive financial solutions that deliver specific, long-term results to the individual needs of each Client. The Advisor serves as a fiduciary to its 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. Our 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 and Wealth Management Services One Wealth provides customized, holistic investment advisory solutions for its Clients. We collaborate closely with a team of vetted third parties to create, implement, and maintain customized financial life plans that include; asset allocation, portfolio management, private and public concentrated stock strategies, cash flow analysis, risk management and insurance, retirement planning, charitable and philanthropic planning, tax, trust, and estate planning, and any other services based on the Client’s needs and objectives. One Wealth works with each Client to identify their investment goals and objectives as well as risk tolerance and financial situation in order to create a financial life plan. One Wealth will then develop an overarching, holistic, strategic life plan by constructing a portfolio, consisting of diversified mutual funds, exchange-traded funds (“ETFs”), bonds and/or independent investment managers (“Independent Managers”) attempting to achieve the Client’s financial life plan. The Advisor, depending on Client needs and objectives, also utilizes individual stocks, alternative investments, ESG securities, and other types of securities, as appropriate, to meet the needs of particular Clients. The Advisor retains certain legacy investments based on portfolio fit and/or tax considerations. For certain Clients, One Wealth will manage and/or advise on certain investments that are not maintained at the Client’s primary Custodian. These investments for the Client’s financial life plan includes, but are not limited to, asset allocation, portfolio management, private and public concentrated stock strategies, cash flow analysis, risk management and insurance, retirement planning, charitable and philanthropic planning, tax, trust, and estate planning and any services based on the Client’s needs and objectives. In these situations, One Wealth directs or recommends the allocation of Client assets among the various investment options available with these held-away accounts. These assets are generally maintained at the underwriting insurance company or the custodian designated by the Client. For accounts where the Advisor does not have the authority to execute transactions in these accounts and, as a result, is not responsible for the ongoing monitoring of these accounts. One Wealth’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. One Wealth will construct, implement and monitor the financial life plan 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 www.onewealth.net Page 5 acceptance by the Advisor. One Wealth seeks to develop a personalized strategy that is detailed and easy to understand. One Wealth may recommend, on occasion, redistributing investment allocations to diversify the portfolio. One Wealth may recommend specific positions to increase sector or asset class weightings. The Advisor will only recommend the holding of mutual funds in share classes that have higher expense ratios than an equivalent share class if the investment amount does not meet the fund’s required minimum investment or if there are material tax considerations. The Advisor may recommend employing cash positions as a possible hedge against market movement. One Wealth 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 the Client needs, or any risk deemed unacceptable for the Client’s risk tolerance. All Client assets will be managed within their designated account[s] at the Custodian, pursuant to the terms of the agreement, please see Item 12 – Brokerage Practices. Use of Independent Managers - One Wealth will recommend that Clients utilize one or more unaffiliated investment managers or investment platforms (collectively “Independent Managers”) for all or a portion of a Client’s financial life plan portfolio. In such instances, One Wealth shall select the Independent Managers through the use of the Advisors discretionary authority. One Wealth assists in the development of the initial policy recommendations and managing the ongoing Client relationship. One Wealth will perform initial and ongoing oversight and due diligence over the selected Independent Manager[s] as part of its holistic approach and ongoing investment supervisory services. The Independent Manager may provide holistic investment management services, as well as any other related services, at the direction of One Wealth. The Client will be provided with the Independent Manager's Form ADV Part 2A - Disclosure Brochure (or a brochure that makes the appropriate disclosures). Betterment Institutional Platform - One Wealth may recommend that certain Clients implement their investment portfolios through Betterment Institutional, a division of Betterment LLC (herein “Betterment Institutional” or the “Investment Platform”). Betterment Institutional is what is often termed a “robo-advisor”, an online wealth management service that provides automated, algorithm-based portfolio management advice. Robo-advisors use technology to deliver similar services as traditional advisors, but generally only offer portfolio management and do not get involved in a Client’s personal situation, such as taxes and retirement or estate planning. One Wealth chose to affiliate with Betterment Institutional due to the Investment Platform’s customized portfolio allocations, automated rebalancing, and competitive fees. One Wealth utilizes Betterment Institutional as a complement to its comprehensive financial planning services to provide cost effective investing coupled with personalized financial planning. To establish accounts with Betterment Institutional, the Client will also enter into one or more agreements with Betterment that provides the authority for discretionary investment management by the Investment Platform. One Wealth remains the Client’s primary advisor and relationship contact and will select or construct a portfolio of ETFs and/or cash equivalents from the universe of investments included on the Investment Platform. One Wealth will have the discretionary authority to instruct Betterment Institutional with

respect to portfolio construction, asset allocation and other investment decisions, subject to the limitations described herein. Betterment Institutional will implement the portfolio and be responsible for the discretionary trading of the ETFs in the Client’s portfolio, including the purchase and sale of investments and the automatic rebalancing back to targets. Betterment Institutional utilizes between ten to twelve different ETF’s, representing various asset classes for the construction of investment portfolios. As discussed above, One Wealth will work with each Client to select/construct a portfolio to meets the needs of the Client. The Client has limited ability to put restrictions on its accounts. The account[s] cannot contain investments that are not included in the Betterment Institutional universe of ETFs and cash equivalents. In the absence of a contrary direction, Betterment periodically rebalances Client portfolios so that in the face of www.onewealth.net Page 6 fluctuating market prices each Client’s portfolio remains within a range of the target allocation. Betterment also offers optional tax loss harvesting and automated asset location services. Clients will have fewer opportunities to harvest tax losses if the Advisor elects a Custom Portfolio strategy with fewer asset classes than are included in the Betterment portfolio strategy for that Client. The Advisor’s investment philosophy is long-term, but the Advisor may make such tactical overrides to take advantage of market pricing anomalies or strong market sectors. The Advisor does not actively trade in the Client’s account[s] and is also limited to a enter one allocation change per account per trading day through Betterment Institutional, the Client should be aware of these potential disadvantages. For its services, Betterment Institutional will charge an asset-based fee that is in addition to the Advisor’s fee. Betterment Institutional’s fee includes the securities transaction fees for all trades. The Advisor will only receive its investment advisory fees as detailed in Item 5.A. below and does not share in any fees earned by Betterment Institutional. The Client, prior to entering into an agreement with the Investment Platform, will be provided with the Investment Platform's Form ADV Part 2A (or a brochure that makes the appropriate disclosures). Retirement Accounts – When the Advisor provides investment advice to Clients regarding ERISA retirement accounts or individual retirement accounts (“IRAs”), the Advisor is a fiduciary within the meaning of Title I of the Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable, which are laws governing retirement accounts. When deemed to be in the Client’s best interest, the Advisor will provide investment advice to a Client regarding a distribution from an ERISA retirement account or to roll over the assets to an IRA, or recommend a similar transaction including rollovers from one ERISA sponsored Plan to another, one IRA to another IRA, or from one type of account to another account (e.g. commission-based account to fee-based account). Such a recommendation creates a conflict of interest if the Advisor will earn a new (or increase its current) advisory fee as a result of the transaction. No client is under any obligation to roll over a retirement account to an account managed by the Advisor. Financial Planning and Consulting Services One Wealth provides a variety of financial planning services to Clients as a part of the Advisor’s wealth management services. Clients may engage the Advisor separately for financial planning services, pursuant to a written agreement or as a part of One Wealth’s wealth management services. Services are offered in several areas of a Client’s financial situation, depending on their goals and objectives. Generally, such financial planning services will involve preparing a financial plan or rendering a 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, trust and estate planning, insurance needs, charitable giving, small business planning and other areas of a Client’s financial situation. A financial plan developed for a 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. One Wealth may also refer Clients to an accountant, attorney or other specialist, as appropriate for their unique situation. For certain financial planning engagements, the Advisor will provide a written summary of 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 poses 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 would pose a conflict, as it would increase the amount of advisory fees paid to the Advisor. Clients are not obligated to www.onewealth.net Page 7 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. Retirement Plan Advisory Services One Wealth offers 3(21) retirement plan advisory services on behalf of company 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. Each engagement is customized to the needs of the Plan and Plan Sponsor. Services generally include:
• Plan Design and Strategy
• Plan Review and Evaluation
• Executive Planning & Benefits
• Investment Oversight
• Plan Fee and Cost Analysis
• Plan Committee Consultation
• Fiduciary and Compliance
• Plan Participant Education These services are provided by One Wealth 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 One Wealth’s fiduciary status, the specific services to be rendered and all direct and indirect compensation the Advisor reasonably expects under the engagement. C. Client Account Management Prior to engaging One Wealth to provide 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 include:
• Establishing an Investment Strategy – One Wealth, in connection with the Client, will develop a strategy that seeks to achieve the Client’s goals and objectives.
• Asset Allocation – One Wealth 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 – One Wealth will develop a portfolio for the Client that is intended to meet the stated goals and objectives of the Client.
• Investment Management and Supervision – One Wealth will provide investment management and ongoing oversight of the Client’s investment portfolio. D. Wrap Fee Programs One Wealth does not manage or place Client assets into a wrap fee program. Investment management services are provided directly by One Wealth. E. Assets Under Management As of December 31, 2023, One Wealth manages $841,603,392 in Client assets, all of which are managed on a discretionary basis. Clients may request more current information at any time by contacting the Advisor.