Tyler-Stone Wealth Management, LLC is an investment adviser registered with the United States Securities and Exchange Commission (“SEC”) and is a corporation formed under the laws of the State of Ohio.
• Marc Stone is a Member and a 50% owner of Tyler-Stone Wealth Management.
• William Tyler is a Member and a 50% owner of Tyler-Stone Wealth Management.
• Tyler-Stone Wealth Management was approved as a registered investment adviser in January 2015. Introduction The investment advisory services of Tyler-Stone Wealth Management are provided to you through an appropriately licensed and qualified individual who is an investment adviser representative of Tyler-Stone Wealth Management (referred to as your investment adviser representative throughout this brochure). Your investment adviser representative typically is not an employee of Tyler-Stone Wealth Management; rather, your investment adviser representative typically is an independent contractor of Tyler-Stone Wealth Management. Investment adviser representatives at Tyler-Stone Wealth Management may have their own legal business entities whose trade names and logos are used for marketing purposes and may appear on marketing materials and/or client statements. These businesses are legal entities of the investment adviser representative and are separate and distinct from Tyler-Stone Wealth Management. The investment adviser representatives are under the supervision of Tyler-Stone Wealth Management, and the advisory services of the Investment adviser representative are provided through Tyler-Stone Wealth Management. These arrangements are listed in Schedule D of Form ADV. Your investment adviser representative is limited to providing the services and charging investment advisory fees in accordance with the descriptions detailed in this brochure. However, the exact services you receive and the fees you will be charged will be specified in your investment advisory agreement. For more information about the investment adviser representative providing advisory services, you should refer to the Brochure Supplement (Form ADV Part 2B) for his or her IAR. Description of Advisory Services The following are descriptions of the primary advisory services of Tyler-Stone Wealth Management. Please understand that a written investment advisory agreement, which details the exact terms of the service, must be signed by you and Tyler-Stone Wealth Management before we can provide you the services described below. Asset Management Services – Tyler-Stone Wealth Management offers asset management services, which involves Tyler-Stone Wealth Management providing you with continuous and ongoing supervision over your specified accounts. Tyler-Stone Wealth Management, LLC Page 6 Form ADV Part 2A Disclosure Brochure You must appoint our firm as your investment adviser of record on specified accounts (collectively, the “Account”). The Account consists only of separate account(s) held by LPL Financial, LLC (“LPL Financial”) under your name. LPL Financial maintains physical custody of all funds and securities of the Account, and you retain all rights of ownership (e.g., right to withdraw securities or cash, exercise or delegate proxy voting and receive transaction confirmations) of the Account. The Account is managed by us based on your financial situation, investment objectives and risk tolerance. We actively monitor the Account and provide advice regarding buying, selling, reinvesting or holding securities, cash or other investments of the Account. We will need to obtain certain information from you to determine your financial situation and investment objectives. You will be responsible for notifying us of any updates regarding your financial situation, risk tolerance or investment objective and whether you wish to impose or modify existing investment restrictions; however we will contact you at least annually to discuss any changes or updates regarding your financial situation, risk tolerance or investment objectives. We are always reasonably available to consult with you relative to the status of your Account. You have the ability to impose reasonable restrictions on the management of your accounts, including the ability to instruct us not to purchase certain securities. It is important that you understand that we manage investments for other clients and may give them advice or take actions for them or for our personal accounts that is different from the advice we provide to you or actions taken for you. We are not obligated to buy, sell or recommend to you any security or other investment that we may buy, sell or recommend for any other clients or for our own accounts. Conflicts may arise in the allocation of investment opportunities among accounts that we manage. We strive to allocate investment opportunities believed to be appropriate for your account(s) and other accounts advised by our firm among such accounts equitably and consistent with the best interests of all accounts involved. However, there can be no assurance that a particular investment opportunity that comes to our attention will be allocated in any particular manner. If we obtain material, non-public information about a security or its issuer that we may not lawfully use or disclose, we have absolutely no obligation to disclose the information to any client or use it for any client’s benefit. Tyler-Stone Managed Asset Program We are the sponsor of the Tyler-Stone Wealth Management Managed Asset Program (“Tyler-Stone MAP”), a wrap fee or non-wrap fee asset management program developed through an arrangement with LPL Financial’s Strategic Wealth Management Platform. Through the Tyler-Stone MAP, we provide investment management services, including investment selection based on your individual needs and continuous investment monitoring. Through this service, we offer a customized and individualized investment program. A specific asset allocation strategy and suitability profile is designed to focus on your specific goals and objectives. Your information should be updated regularly, but at a minimum every 2 years. Tyler-Stone MAP accounts are custodied at LPL Financial in its capacity as a registered broker-dealer, member FINRA/SIPC. LPL Financial is also an investment adviser registered with the SEC, but does not serve as an investment adviser for you through the Tyler-Stone MAP. LPL Financial provides clearing, custody and other brokerage services for accounts established through the Tyler-Stone MAP. Therefore, Tyler-Stone Wealth Management, LLC Page 7 Form ADV Part 2A Disclosure Brochure you are required to establish a brokerage account(s) through LPL Financial’s Strategic Wealth Management platform. Separate accounts are maintained for you, and you retain all rights of ownership of you accounts (e. g., the right to withdraw securities or cash, exercise or delegate proxy voting, and receive transaction confirmations). Tyler-Stone MAP accounts allow you to authorize us to purchase and sell, on either a discretionary basis or non-discretionary basis, portfolios consisting of securities and investments. We may limit our discretion with respect to your account and the securities eligible to be purchased for your account. (See, Limits Advice to Certain Types of Investments under Item 4 - Advisory Business, relative to possible securities and investments utilized. See Item 16 - Investment Discretion, for information concerning discretionary authority.) During any month that there is activity in the Tyler-Stone MAP account, you receive a monthly account statement from LPL Financial showing account activity as well as positions held in the account at month end. Additionally, you receive a confirmation of each transaction that occurs within the Tyler-Stone MAP account unless the transaction is the result of a systematic purchase, redemption or exchange. All account data and statements are also available on-line through the account view portal through LPL Financial. LPL Sponsored Advisory Programs - Tyler-Stone Wealth Management may provide advisory services by offering LPL Financial sponsored advisory programs. If you enter into an LPL Financial advisory program, LPL Financial and Tyler-Stone Wealth Management will serve as co-advisors. Depending on the type of offering, a third-party money manager may be selected. LPL Financial has no third-party money managers but offers advisory accounts that are managed by third party money managers. If a third-party money manager is added to the account, the account is dual contract, governed by both the Tyler-Stone Wealth Management investment adviser agreement and the third-party money manager’s investment adviser agreement. As investment adviser on a co-managed account, LPL Financial or a third-party money manager is responsible for continuously monitoring client accounts and making trades in client accounts when necessary. Tyler-Stone Wealth Management will work directly with you as the investment adviser to periodically review your financial situation and facilitate your investment objectives. If necessary we act as the communication conduit between you and LPL Financial. You must also establish a brokerage account through LPL Financial which serves as the broker/dealer and qualified custodian. The LPL Financial advisory program manager will act with discretionary authority to determine the securities to be purchased and sold for your account. We do not have any trading authority with respect to your account. LPL Financial advisory programs include, Model Wealth Portfolios (“MWP”), Optimum Market Portfolios (“OMP”), Guided Wealth Portfolios (“GWP”), Personal Wealth Portfolios (“PWP”), Manager Access Select (“MAS”), and Manager Access Network (“MAN”). As a result of the co- advisory relationship with LPL Financial, Tyler-Stone Wealth Management is paid a portion of the fee charged and collected by LPL Financial. Tyler-Stone wealth management will obtain your necessary financial data and assist you with identifying your risk tolerance and investment objectives. We then recommend the LPL Financial program that we believe is best suited to your stated investment objectives and risk tolerance. We assist you with opening an account and determining an investment portfolio. Once the program minimum has been reached and a portfolio selected, LPL Financial purchases securities in amounts appropriate for the program and portfolio selected. LPL Financial is responsible for rebalancing the account on the frequency selected Tyler-Stone Wealth Management, LLC Page 8 Form ADV Part 2A Disclosure Brochure jointly by you and us. We are available to answer any questions that you may have regarding your account, the LPL Financial program, and the investments held in your account. Any LPL Financial program recommended by us must be registered or exempt from registration in the state where you reside. You are advised that our representatives may have a conflict of interest by offering an LPL Financial advisory program since LPL Financial has agreed to pay a portion of their advisory fee to us. You are advised that there may be other managed programs that may be suitable to you and that may be more or less costly. No guarantees can be made that your financial goals or objectives will be achieved. Further, no guarantees of performance can be offered. Investments involve risk, including the possible loss of principal. With the exception of GWP, LPL Financial serves as program sponsor, investment advisor and broker- dealer for the LPL advisory programs. LPL Financial will directly provide you with monthly account statements (when activity occurs in the account), confirmations and performance reports. In addition to the LPL Financial Form ADV Part 2A brochure there is a Form ADV Part 2A brochure for each LPL program (with the exception of MAN) which provides detailed information about the program. You may also request copies from your investment advisory representative. Below is a brief description of the OMP, MWP, MAS, MAN, GWP, and PWP programs, including the advisory services specific to each program, the fees that apply, the types of investments available, and the potential conflicts of interest presented by each program. Optimum Market Portfolios (OMP) OMP is a professionally managed asset allocation program which invests exclusively through the Optimum Mutual Fund family using Class I shares. If you participate in OMP, you must execute the OMP Market Portfolios Client Agreement which authorizes LPL Financial to act on a discretionary basis to purchase and sell Optimum mutual funds, liquidate previously purchased Optimum funds and rebalance the account. A minimum account value of $10,000 is required for OMP. There are several OMP funds that may be purchased within an OMP account. LPL Financial follows a strategic asset allocation investment style in constructing portfolios for OMP clients. Asset allocation methodology is implemented by combining investments representing various asset classes that react differently to varying market conditions. Thus, if one asset class reacts negatively to certain market events, the potential exists for another asset class to react positively. However, there is no guarantee that the use of an asset allocation strategy will produce favorable results. LPL Financial provides investment consulting services to the investment adviser to the Optimum mutual fund family. LPL Financial assists the adviser in determining whether to engage sub-advisers for the Optimum Funds, along with providing other services. As compensation for these services, LPL Financial receives investment consulting fees. Model Wealth Portfolios (MWP) MWP offers clients a professionally managed mutual fund asset allocation program. If you participate in MWP, you must execute the MWP Client Agreement. A minimum account value of $25,000 is required for MWP, although in certain instances, a lower minimum for a portfolio is permitted. Tyler-Stone Wealth Management, LLC Page 9 Form ADV Part 2A Disclosure Brochure LPL Financial’s Research Department, a third-party portfolio strategist and/or Advisor, through its IAR, may act as a portfolio strategist responsible for selecting the mutual funds or ETFs within a model portfolio and for making changes to the mutual funds or ETFs selected. LPL Financial follows a dynamic asset allocation investment style in constructing portfolios for MWP clients. Asset allocation methodology is implemented by combining investments representing various asset classes that respond differently to varying market conditions. Thus, if one asset class reacts negatively to certain market events, the potential exists for another asset class to react positively. However, there is no guarantee that the use of an asset allocation strategy will produce favorable results. Manager Access Select (MAS) The Manager Access Select (“MAS”) program provides a) separately managed accounts (SMA) and b) model portfolios. You are required to execute a Manager Access Select Client Agreement. In MAS we assist you in identifying third-party investment advisors from a list of SMAs and model portfolios made available through LPL Financial. At your request, LPL Financial may also act as a portfolio manager. Portfolio managers may also hire one or more sub-advisors to manage all or part of your MAS account. LPL Financial is responsible for conducting due diligence on SMAs and model portfolios and approving them for inclusion in MAS. We conduct our own due diligence and approval process prior to recommending SMAs and model portfolios to you. The required minimum account value will vary based on money manager and strategy, starting at $50,000. Third party investment advisors seek to obtain the best execution possible given the direction to trade through LPL Financial. In some cases, third party investment advisors, in connection with their duty to seek to achieve best execution, may choose to execute transactions through a broker-dealer other than LPL Financial. In considering whether or not to restrict the execution of transactions through LPL Financial, LPL Financial evaluated its capacities to execute, clear and settle transactions. When securities transactions are effected through LPL Financial, there are no brokerage commissions charged to the account. If the third party investment advisor chooses to execute a transaction through a broker-dealer other than LPL Financial, the execution price may include a commission or fee imposed by the executing broker/dealer. In evaluating whether to execute a trade through a broker/dealer other than LPL Financial, the third party investment advisor considers the fact that the account is not charged a commission if it is effected through LPL Financial. You should consider whether or not appointing LPL Financial as the broker-dealer may or may not result in certain costs or disadvantages to you as a result of possibly less favorable executions. In particular, you should understand that your MAS account may not be able to participate in block trades effected by a third party investment advisor for its other accounts, which may result in a difference between prices charged to a MAS account and the third-party investment advisor’s other accounts. Transactions in fixed income securities may involve mark-ups, mark-downs or other charges in addition to the advisory fee. LPL Financial may act as a principal on fixed income trades in MAS accounts. In cases where LPL Financial acts as a principal on fixed income trades, LPL Financial may receive additional compensation to the extent it is able to sell fixed income securities for a price higher than what is paid. This may result in higher costs and lower performance than you would have otherwise received. Tyler-Stone Wealth Management, LLC Page 10 Form ADV Part 2A Disclosure Brochure LPL Financial may aggregate your transactions with other clients’ to improve the quality of execution. When transactions are aggregated, the actual prices applicable to the aggregated transactions are averaged, and your account is deemed to have purchased or sold its proportionate share of the securities involved at the average price obtained. Manager Access Network (MAN) The Manager Access Network (“MAN”) program provides a greater number of separately managed accounts than the MAS program. You are required to execute a Manager Access Network (MAN) client agreement. In MAN we assist you in identifying third-party investment advisors from a list of third party advisors made available through LPL Financial to assist you with respect to investment of your funds. LPL Financial does not conduct due diligence on SMAs provided through the MAN program. Portfolio managers may also hire one or more sub-advisors to manage all or part of your MAN account. We conduct due diligence prior to recommending a third party investment advisor to you. The required minimum account value will vary based on money manager and strategy, starting at $100,000. Third party investment advisors seek to obtain the best execution possible given the direction to trade through LPL Financial. In some cases, third party investment advisors, in connection with their duty to seek to achieve best execution, may choose to execute transactions through a broker/dealer other than LPL Financial. In considering whether or not to restrict the execution of transactions through LPL Financial, LPL Financial evaluated its capacities to execute, clear and settle transactions. When securities transactions are effected through LPL Financial, there are no brokerage commissions

charged to the account. If the third party investment advisor chooses to execute a transaction through a broker/dealer other than LPL Financial, the execution price may include a commission or fee imposed by the executing broker/dealer. In evaluating whether to execute a trade through a broker/dealer other than LPL Financial, the third party investment advisor considers the fact that the account is not charged a commission if it is effected through LPL Financial. You should consider whether or not appointing LPL Financial as the broker/dealer may or may not result in certain costs or disadvantages to you as a result of possibly less favorable executions. In particular, you should understand that your MAN account may not be able to participate in block trades effected by a third party investment advisor for its other accounts, which may result in a difference between prices charged to a MAN account and the third-party investment advisor’s other accounts. Transactions in fixed income securities may involve mark-ups, mark-downs or other charges in addition to the advisory fee. LPL Financial may act as a principal on fixed income trades in MAN accounts. In cases where LPL Financial acts as a principal on fixed income trades, LPL Financial may receive additional compensation to the extent it is able to sell fixed income securities for a price higher than what is paid. This may result in higher costs and lower performance than you would have otherwise received. LPL Financial may aggregate your transactions with other clients’ to improve the quality of execution. When transactions are aggregated, the actual prices applicable to the aggregated transactions are averaged, and your account is deemed to have purchased or sold its proportionate share of the securities involved at the average price obtained. Tyler-Stone Wealth Management, LLC Page 11 Form ADV Part 2A Disclosure Brochure Guided Wealth Portfolios (GWP) The Guided Wealth Portfolio (“GWP”) program sponsored by LPL Financial offers clients the ability to participate in a centrally managed, algorithm-based investment program, which is made available to users and clients through a web-based, interactive account management portal (“Investor Portal”). Investment recommendations to buy and sell open-end mutual funds and exchange-traded funds are generated through proprietary, automated, computer algorithms (collectively, the “Algorithm”) of Xulu, Inc., doing business as FutureAdvisor (“FutureAdvisor”), based upon model portfolios constructed by LPL Financial and selected for the account. Communications concerning GWP are intended to occur primarily through electronic means (including but not limited to, through email communications or through the Investor Portal), although Tyler-Stone Wealth Management will be available to discuss investment strategies, objectives or the account in general in person or via telephone. A minimum account value of $5,000 is required to enroll in the Managed Service. In the Managed Service of GWP, LPL Financial is appointed by each client as custodian of account assets and broker-dealer with respect to processing securities transactions for the accounts. In general, FutureAdvisor, in its capacity as investment advisor, will submit transactions through LPL Financial; however, FutureAdvisor may choose to execute transactions through a broker-dealer other than LPL Financial, subject to its duty to seek to achieve best execution. When securities transactions are effected through LPL Financial, there are no brokerage commissions charged to the account. If FutureAdvisor chooses to execute a transaction through a broker-dealer other than LPL Financial, the execution price may include a commission or fee imposed by the executing broker-dealer. In evaluating whether to execute a trade through a broker-dealer other than LPL Financial, Future Advisor will consider the fact that the account will not be charged a commission if the transaction is effected through LPL Financial. A preview of the Program (the “Educational Tool”) is provided for a period of up to forty-five (45) days to help users determine whether they would like to become advisory clients and receive ongoing financial advice from LPL Financial, FutureAdvisor and Tyler-Stone Wealth Management by enrolling in the advisory service (the “Managed Service”). The Educational Tool and Managed Service are described in more detail in the GWP Program Brochure. Users of the Educational Tool are not considered to be advisory clients of LPL Financial, FutureAdvisor or Tyler-Stone Wealth Management, do not enter into an advisory agreement with LPL Financial, FutureAdvisor or Tyler-Stone Wealth Management, do not receive ongoing investment advice or supervisions of their assets, and do not receive any trading services. Personal Wealth Portfolios (PWP) The Personal Wealth Portfolios (PWP) program allows clients to invest in asset allocation portfolios designed by LPL Financial’s Research Department. If you participate in MWP, you must execute the MWP Client Agreement. Tyler-Stone wealth management will assist you in selecting an asset allocation model. We will also assist you with selecting appropriate mutual funds, exchange-traded funds and third party money managers ("PWP Advisors") for each asset allocation within the model. LPL Financial will act as the overlay portfolio manager (“OPM”) on all PWP accounts, and has primary responsibility for purchasing and selling securities in the account, and coordinates trades among the various securities and sleeves of a PWP account. A minimum account value of $250,000 is required for PWP. In certain instances, LPL Financial will permit a lower minimum account size. Tyler-Stone Wealth Management, LLC Page 12 Form ADV Part 2A Disclosure Brochure Financial Planning & Consulting Services - Tyler-Stone Wealth Management offers financial planning services, which involve preparing a written financial plan covering specific or multiple topics. When providing financial planning and consulting services, the role of your investment adviser representative is to find ways to help you understand your overall financial situation and help you set financial objectives. We also provide modular written financial plans which only cover those specific areas of concern mutually agreed upon by you and us. A modular written financial plan is limited or segmented and does not involve the creation of a full written financial plan. You should be aware that there are important issues that may not be taken into consideration when your investment adviser representative develops his or her analysis and recommendations under a modular written financial plan. Written financial plans prepared by us do not include specific recommendations of individual securities. We also offer consultations in order to discuss financial planning issues when you do not need a written financial plan. We offer a one-time consultation, which covers mutually agreed upon areas of concern related to investments or financial planning. We also offer “as-needed” consultations, which are limited to consultations in response to a particular investment or financial planning issue raised or request made by you. Under an “as-needed” consultation, it will be incumbent upon you to identify those particular issues for which you are seeking our advice or consultation on. Our financial planning and consulting services do not involve implementing any transaction on your behalf or the active and ongoing monitoring or management of your investments or accounts. You have the sole responsibility for determining whether to implement our financial planning and consulting recommendations. To the extent that you would like to implement any of our investment recommendations through Tyler-Stone Wealth Management or retain Tyler-Stone Wealth Management to actively monitor and manage your investments, you must execute a separate written agreement with Tyler-Stone Wealth Management for our asset management services. Limits Advice to Certain Types of Investments Tyler-Stone Wealth Management provides investment advice on the following types of investments:
• Mutual Funds
• Exchange-listed Securities
• Securities Traded Over-the-Counter
• Foreign Issues
• Certificates of Deposit
• Municipal Securities
• Variable Annuities
• Variable Life Insurance
• US Government Securities
• Options Contracts on Securities
• Interests in Partnerships Investing in Real Estate
• Interests in Partnerships Investing in Oil and Gas Interests
• Real Estate Investment Trusts Tyler-Stone Wealth Management, LLC Page 13 Form ADV Part 2A Disclosure Brochure Although we generally provide advice only on the products previously listed, we reserve the right to offer advice on any investment product that may be suitable for each client’s specific circumstances, needs, goals and objectives. It is not our typical investment strategy to attempt to time the market, but we may increase cash holdings modestly as deemed appropriate based on your risk tolerance and our expectations of market behavior. We may modify our investment strategy to accommodate special situations such as low basis stock, stock options, legacy holdings, inheritances, closely held businesses, collectibles, or special tax situations. (Please refer to Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss for more information.) Participation in Wrap Fee Programs Tyler-Stone Wealth Management offers services through both wrap fee programs and non-wrap fee programs. A wrap fee program is defined as any advisory program under which a specified fee or fees not based directly upon transactions in a client’s account is charged for investment advisory services (which may include portfolio management or advice concerning the selection of other investment advisers) and transaction costs associated with the execution of client transactions are paid for by Tyler- Stone Wealth Management. Whenever a fee is charged to a client for services described in this brochure (whether wrap fee or non-wrap fee), we will receive all or a portion of the fee charged. Please see the separate Wrap Fee Program Brochure, Tyler-Stone Wealth Management ADV Part 2A (Appendix 1) for more information about this program. Wrap Fee Program Disclosure As representative of LPL Financial, the investment advisor representatives of Tyler-Stone Wealth Management have the ability to offer the wrap account services conducted under the Tyler-Stone MAP II through the LPL Financial SWM program. To create a MAP II SWM account, Tyler-Stone Wealth Management assumes responsibility for transaction charges on an acct offered though the LPL Financial SWM program. Although clients do not pay a transaction charge for transactions in a MAP II SWM account, clients should be aware that Tyler-Stone Wealth Management pays LPL Financial transaction charges for those transactions. The transaction charges paid by Tyler-Stone Wealth Management vary based on the type of transaction (e.g., mutual fund, equity or ETF) and for mutual funds based on whether or not the mutual fund pays 12b-1 fees and/or recordkeeping fees to LPL Financial. Transaction charges paid by the Advisor for equities are $9. For ETFs, the transaction charges range from $0 to $9.00. For mutual funds, the transaction charges range from $0 to $26.50. Because Tyler-Stone Wealth Management pays the transaction charges in wrap accounts, there is a conflict of interest in cases where the mutual fund is offered at both $0 and $26.50. You should understand that the cost to Advisor of transaction charges may be a factor that Tyler-Stone Wealth Management considers when deciding which securities to select and how frequently to place transactions in a MAP II SWM account. In many instances, LPL Financial makes available mutual funds in a MAP II SWM account that offer various classes of shares, including shares designated as Class A Shares and shares designed for advisory programs, which can be titled, for example, as “Class I,” “institutional,” “investor,” “retail,” “service,” “administrative” or “platform” share classes (“Platform Shares”). The Platform Share class offered for a particular mutual fund in MAP II SWM in many cases will not be the least expensive share Tyler-Stone Wealth Management, LLC Page 14 Form ADV Part 2A Disclosure Brochure class that the mutual fund makes available, and was selected by LPL Financial in certain cases because the share class pays LPL Financial compensation for the administrative and recordkeeping services LPL Financial provides to the mutual fund. You should understand that another financial services firm may offer the same mutual fund at a lower overall cost to the investor than is available through MAP II SWM. In other instances, a mutual fund may offer only Class A Shares, but another similar mutual fund may be available that offers Platform Shares. Class A Shares typically pay LPL Financial a 12b-1 fee for providing brokerage-related services to the mutual funds. Platform Shares generally are not subject to 12b-1 fees. As a result of the different expenses of the mutual fund share classes, it is generally more expensive for a client to own Class A Shares than Platform Shares. An investor in Platform Shares will pay lower fees over time and keep more of his or her investment returns than an investor who holds Class A Shares of the same fund. Tyler-Stone Wealth Management has a financial incentive to recommend Class A Shares in cases where both Class A and Platform Shares are available. Although the client will not be charged a transaction charge for transactions, Advisor pays LPL Financial a per transaction charge for mutual fund purchases and sales in the account. Tyler-Stone Wealth Management generally does not pay transaction charges for Class A Share mutual fund transactions accounts, but generally does pay transaction charges for Platform Share mutual fund transactions. The cost to Tyler-Stone Wealth Management of transaction charges generally may be a factor Advisor considers when deciding which securities to select and whether or not to place transactions in the account. The lack of transaction charges to Tyler-Stone Wealth Management for Class A Share purchases and sales, together with the fact that Platform Shares generally are less expensive for a client to own, present a significant conflict of interest between Tyler-Stone Wealth Management and the client. Clients should understand this conflict and consider the additional indirect expenses borne as a result of the mutual fund fees when negotiating and discussing with your Advisor the advisory fee for management of an account. IRA Rollovers When recommending that a client rollover his or her account from current retirement plan to an IRA, Tyler-Stone Wealth Management and its investment adviser representatives have a conflict of interest. Tyler-Stone Wealth Management and its representatives can earn investment advisory fees by recommending that a client rollover his or her account at the retirement plan to an IRA; however, Tyler- Stone Wealth Management and its investment adviser representatives will not earn any investment advisory fee if client does not rollover the funds in the retirement plan (unless a client retained Tyler- Stone Wealth Management to provide advice about the client’s retirement plan account). Thus, Tyler- Stone Wealth Management and its investment adviser representatives have an economic incentive to recommend a rollover of the retirement plan account, which is a conflict of interest. Tyler-Stone Wealth Management has taken steps to manage this conflict of interest arising from rolling over funds from an ERISA covered retirement plan to an IRA and has adopted an impartial conduct standard through its code of ethics whereby Tyler-Stone Wealth Management and its investment adviser representatives will (i) provide investment advice to ERISA covered retirement plan participant regarding a rollover of funds from the ERISA covered retirement plan in accordance with the fiduciary status described below, (ii) not recommend investments which result in Tyler-Stone Wealth Management receiving unreasonable compensation related to the rollover of funds from the ERISA covered retirement plan to an IRA, and (iii) fully disclose compensation received by Tyler-Stone Wealth Management and its supervised persons and any material conflicts of interest related to Tyler-Stone Wealth Management recommending the rollover of Tyler-Stone Wealth Management, LLC Page 15 Form ADV Part 2A Disclosure Brochure funds from the ERISA covered retirement plan to an IRA and refrain from making any materially misleading statements regarding such rollover. To the extent Tyler-Stone Wealth Management provides investment advice to a participant in a retirement plan under Employee Retirement Income Security Act of 1974 as amended ("ERISA") regarding whether to maintain investments and/or proceeds in an ERISA retirement plan, rollover such investment/proceeds from the ERISA retirement plan to an individual retirement account (“Rollover IRA account”) or make a distribution from the ERISA retirement plan, Tyler-Stone Wealth Management hereby acknowledges its fiduciary obligations with regard to its investment advice about whether to maintain, rollover or distribute proceeds from those ERISA retirement plans, and as such a fiduciary with respect to its investment advice about whether to maintain, rollover or distribute proceeds from those ERISA retirement plans, Tyler-Stone Wealth Management and its representatives shall act with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims, based on the investment objectives, risk, tolerance, financial circumstances, and a client’s needs, without regard to the financial or other interests of Tyler-Stone Wealth Management or its affiliates. Tailor Advisory Services to Individual Needs of Clients Tyler-Stone Wealth Management’s advisory services are always provided based on your individual needs. This means, for example, that when we provide asset management services, you are given the ability to impose restrictions on the accounts we manage for you, including specific investment selections and sectors. We work with you on a one-on-one basis through interviews and questionnaires to determine your investment objectives and suitability information. Our financial planning and consulting services are always provided based on your individual needs. When providing financial planning and consulting services, we work with you on a one-on-one basis through interviews and questionnaires to determine your investment objectives and suitability information. We will not enter into an investment adviser relationship with a prospective client whose investment objectives may be considered incompatible with our investment philosophy or strategies or where the prospective client seeks to impose unduly restrictive investment guidelines. Client Assets Managed by Tyler-Stone Wealth Management, LLC As of December 30, 2023, Tyler-Stone Wealth Management managed $460,295,669 of client assets; $460,295,669 is managed on a discretionary basis and $368,519 is managed on a non- discretionary basis.