CLARK MONROE BLACKMAN L.L.C.

Alpha Wealth Strategies, LLC Form ADV Part 2A Investment Adviser Brochure March 18, 2025 This brochure provides information about the qualifications and business practices of Alpha Wealth Strategies, LLC (d.b.a. for Clark Monroe Blackman, LLC). If you have any questions about the contents of this brochure, please contact us at 281.758.5252 and/or Clark@AlphaWealthStrategies.com. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. Additional information about Alpha Wealth Strategies is also available on the SEC’s website at www.adviserinfo.sec.gov. IMPORTANT NOTICE: Being a “registered investment adviser” or “registered” does NOT imply a minimum level of skill or training has been demonstrated, nor should it be inferred that the SEC or any other regulatory body has evaluated or specifically approved of the adviser. Alpha Wealth Strategies, LLC 9212 Fry Road Suite 105 PMB 342 Cypress, Texas 77433 (281) 758-5252 Clark@AlphaWealthStrategies.com www.AlphaWealthStrategies.com  Item 2: Summary of Material Changes March 2025 The following summarizes the material changes since our last brochure update on February 16, 2024: END OF MATERIAL CHANGES 2 Alpha Wealth Strategies March 2025  Item 3: Table of Contents Item 2: Summary of Material Changes 2 Item 3: Table of Contents 3 Item 4: Advisory Business 4 Item 5: Fees and Compensation 9 Item 6: Performance-Based Fees and Side-by-Side Management 11 Item 7: Types of Clients 11 Item 8: Methods of Analysis, Investment Strategies and Risk of Loss 12 Item 9: Disciplinary Information 15 Item 10: Other Financial Industry Activities and Affiliations 15 Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading 16 Item 12: Brokerage Practices 18 Item 13: Review of Accounts 21 Item 14: Client Referrals and Other Compensation 22 Item 15: Custody 23 Item 16: Investment Discretion 24 Item 17: Voting Client Securities 25 Item 18: Financial Information 25 Item 19: Requirements for State Registered Advisers 25 Item 20: Our Privacy Policy 25 3 Alpha Wealth Strategies March 2025  Item 4: Advisory Business Alpha Wealth Strategies (also referred to as the Firm, “we”, “us” or “our”) offers investment consulting and supervisory services along with segmented financial planning advice to individuals, trusts, estates and individual retirement accounts (also referred to as ”you” or “your”). The Firm was founded December 23, 2005 and became an investment adviser registered with the U.S. Securities & Exchange Commission; it began business on March 1, 2006 and has operated essentially the same since then. The firm’s founder is its 98% shareholder; the remaining 2% owned by active participants in the firm’s operations. Clark M. Blackman II, CFA is the firm’s founder, principal owner and managing member. He is one of two advisers of the firm. His complete background, qualifications and credentials can be found in the supplemental ADV 2 Part B included with this document. Clark M. Blackman III, CFA is a minority interest owner, Chief Investment Officer and Chief Operations Officer. His complete background, qualifications and credentials can be found in the supplemental ADV 2 Part B included with this document. Investment Consulting and Supervisory Services Services we will provide to you include:  Analysis of your current investments, investment strategy, and risk tolerance;  Education on investment principles and how you should relate an investment plan to specific financial goals;  Creation of an investment policy statement for your review and approval if you do not already have an investment policy statement we approve of;  Development of asset allocation models to assist us in the selection of asset classes that are consistent with your stated investment objectives, personal risk tolerance, and overall financial goals;  Researching and identifying categories of money managers (which may include actively managed or indexed open-end mutual funds) that are compatible with your investment policy statement and selecting one or more investment managers in each category. This will typically be based upon analyses using available published data and can include interviews with managers;  Selection of money managers, which may include mutual fund money managers. The selection of a money manager will focus on matching the investment philosophies of Alpha Wealth Strategies and yourself, as well as other risk and performance criteria;  Monitoring and reporting of investment returns, including specific performance of your portfolio(s) returns and specific money managers/mutual funds returns; and,  Creation of retirement cash flow analysis and estate planning recommendations as requested. 4 Alpha Wealth Strategies March 2025  Investment Policy We will provide you with an investment policy statement (if you do not have one already) for review and approval that will:  Establish reasonable, realistic expectations, objectives and guidelines for the investment of your portfolio's assets;  Set forth an investment structure detailing asset class allocations and target ranges for your portfolio;  Ensure effective communication between you, Alpha Wealth Strategies, and the separate account money manager, where applicable; and,  Create the framework for a well-diversified asset mix that can be expected to generate reasonable long-term returns at a level of volatility risk you have identified. We are responsible for selecting and monitoring each investment and/or money manager. Mutual funds or separate account money managers are selected and monitored using criteria we believe is most appropriate at that time. We follow a long-term, modern portfolio theory efficient frontier mean/variance optimization approach that precludes the use of market timing or tactical allocation moves. This means we determine an "optimal" allocation strategy for you that meets your risk/return profile to meet your goals, and do not change it unless your risk/return profile changes or your goals materially change. Implementation of Strategy Implementation Alternatives – We will provide you with one or more investment platforms to implement your investment strategy. Investments are made exclusively in marketable securities in the form of professionally managed stocks, bonds, cash equivalents (money market funds), and/or actively managed open-end mutual funds. Private account money managers will be employed to implement individual stock and bond strategies where appropriate for an account. We do NOT recommend individual stocks or bonds (other than Treasury securities if requested) nor any types of proprietary products, options, derivatives, hard assets, hedge funds, private equity, private debt, commodities or other “alternative” investments of any type. We evaluate and recommend investment managers (including mutual funds) whose investment strategies and philosophy align with your investment objectives. Investment managers provide services that include security selection and certain administrative services. We will review the investment managers’ performance no less frequently than quarterly, and will ensure that your portfolio's risk and return characteristics remain consistent with your needs. We will select investment managers (at times in the form of open-end mutual funds) to be responsible for specific security selection decisions for your portfolio on a day-to-day basis, based upon your investment objectives. These investment managers will exercise discretionary control over the managed account adhering to the acceptable guidelines established by the manager selected, or by you and your adviser (where 5 Alpha Wealth Strategies March 2025  applicable) or as established in a fund’s prospectus. Managers shall be an RIA registered with the SEC, or in the case of a fund will be a Registered Investment Company (RIC). An “open-end” mutual fund is a special kind of investment company registered with the SEC that allows you to invest money directly with the investment company on a daily basis, at the end of the trading day. In return for your dollars, you receive shares representing direct ownership in the fund, the number of which is based on the value of the fund’s portfolio at the end of that day. This is in contrast to a “closed-end” fund where you buy shares from another investor just as you would buy shares of any other publicly traded company. The value of closed-end fund shares are determined by the market at any given moment during the trading day, and your money goes to the seller, not the fund. These shares typically sell at a premium or discount to the underlying value of the fund’s investment portfolio, and are rarely representative of the value of the stocks or bonds being managed. We do not recommend “closed-end” fund shares for client portfolios. The investment manager’s performance will be monitored to ensure that the account is being managed in accordance with its expected risk/return goals. We will ensure that reports are provided at least quarterly to you, detailing the investment manager's performance and will act as the liaison between you and the investment manager. You will also receive a monthly statement from the independent custodian selected to maintain and safeguard your securities (although you may choose to instruct the custodian to send this quarterly). This statement will provide a detail of security positions held, as well as advisory fees paid and transactions, contributions and distributions executed during the period. Our investment advisory/consulting program is designed around a five-step asset management process. We will commit to doing the following for you:  Help you determine your risk profile and investment objectives. Through personal consultations we will develop a profile of your investment history, needs, goals, time horizon, and attitudes toward investing;  Diversify your assets among asset classes, asset sub-classes and equity styles in a manner that you agree to and are comfortable with. You will have the opportunity to place restrictions on the types of investments which will be made on your behalf. Your asset allocation strategy is implemented by investing with separate account money managers and/or in a well-diversified portfolio of multi- manager open-end mutual funds. In implementing your asset allocation strategy, we may, where we believe appropriate, utilize other, more traditional, open-end mutual funds using a single management firm as the money manager. In these instances, the fund manager is typically an employee of the fund company. We are totally independent of and not affiliated in any way with the fund or money management companies we recommend, nor are we compensated by them;  Establish, and agree to, an asset allocation strategy and investment policy that meets your approval, based upon your needs and objectives, if you do not have one already. This policy will seek to balance your need for investment return with your capacity and appetite for “risk” (in this case defined as short term downside 6 Alpha Wealth Strategies March 2025  volatility exposure) through the carefully diversified allocation of your investments. These decisions are documented in a formal investment policy statement;  Rebalance your portfolio(s). Your investment portfolio is monitored on a regular basis to ensure that it remains consistent with your agreed-upon asset allocation strategy. If the relative value of investments in the portfolio changes enough to become inconsistent with your policy target allocation, it is rebalanced at least on a quarterly basis (your portfolio may be rebalanced more frequently if in our opinion that would be the most prudent course of action). The income tax consequences of rebalancing are given consideration where tax sensitivity is identified as a material consideration by you; and,  Safeguard your assets through recommendations for independent custody and reporting services. In those cases where SEI Private Trust Company acts as the transfer agent and custodian for your account, SEI Private Trust Company provides reporting services including consolidated monthly statements, quarterly performance reports, and year-end tax reports. We may also recommend you use the services of an alternative custodian, Charles Schwab & Co., Inc. ("Schwab"). Under this arrangement, Schwab will be responsible for reporting services including consolidated monthly statements and year-end tax reports. You may also specify a custodian of your own preference; in most instances this would not create a barrier to providing investment services, however, this may create limitations in certain services provided and may result in higher or lower overall costs to you. We typically maintain discretion for all managed accounts to allow for rebalancing and direct payment of our fees. We do not otherwise take custody of your assets at any time. We tailor our advisory services to your individual needs. Portfolio weighting between asset classes, sub-classes and the underlying securities used will be determined by your individual needs and circumstances. As mentioned previously, you will have the opportunity to place restrictions on the types of investments which will be made on your behalf. We are not a participant in wrap fee programs. We are not a broker/dealer nor are we affiliated in any way with a broker/dealer. The firm primarily manages client assets on a discretionary basis; in rare and exceptional cases the firm will engage as a consultant to non-discretionary accounts. As of December 31, 2024 discretionary “regulatory assets under management” (RAUM) had a market value of $193,462,675. Non-discretionary assets not included in RAUM total $14,433,294. Financial Planning We may also provide certain financial planning services which are available to clients who have contracted with us for investment supervisory services. We do not accept any clients who only wish to engage us for personal financial planning. Also, we are not 7 Alpha Wealth Strategies March 2025  insurance licensed and therefore pursuant to Texas law do not recommend, sell or give advice on insurance products. Though if requested, we may work with your insurance agent, review their recommendations and help you understand the pros and cons of a proposed policy. We will, at your direction and pursuant to our agreement, address any or all of the following areas of concern: Tax Planning: We will work with your tax preparer and be responsive to requests for calculations, analysis and data needed to complete your income tax planning and required return(s). Estate and Gift Planning: We will review with you the value of certain estate and gift strategies including the use of various trusts, powers of attorney, asset protection plans, etc., and will work with your attorney to ensure your decisions are effectively implemented. Retirement Planning: We will analyze your current strategies and investment plans and help you determine how to best achieve your retirement saving and spending goals. Charitable Gift Planning: We can work with you to determine how to best meet your philanthropic goals and objectives during your lifetime and at death. We will gather required information through in-depth personal interviews. Information gathered includes your current financial status, future goals and objectives, investment experience, and attitudes toward risk. Related documents, including a questionnaire completed by you, are reviewed and meetings will take place to discuss and evaluate our recommendations. If you choose to implement any of these recommendations we will work with your attorney, accountant and/or insurance agent to assist them. Implementation of recommendations is of course entirely at your discretion. Disclosure of conflicts of interest when providing financial planning and investment advisory service - please see “Item 11 Code of Ethics” for an explanation of how "assets under management" fees can create a conflict of interest when giving certain financial planning advice. The Firm has voluntarily subscribed to the Best Practices for Financial Advisors published by The Institute for the Fiduciary Standard. The "Best Practices" offer a simple code of conduct and outline a commitment to clients of subscribing financial advisors. They seek to clearly articulate what a client can expect to receive from a subscribing financial advisor. These Best Practices do not replace our regulatory compliance obligations or duties to clients under relevant laws, rules, or regulations. The Institute for the Fiduciary Standard’s role is limited to publishing the Best Practices as well as maintaining a corresponding register of subscribing financial advisors. You can find a list of the Best Practices and verify our subscription status on the Institute for the Fiduciary Standards website at www.thefiduciaryinstitute.org. Note of full disclosure: Clark M. Blackman II was a member of the Best Practices Board of the Institute for the Fiduciary Standard responsible for creating these practices and continues as a board member emeritus as of the date of this ADV. 8 Alpha Wealth Strategies March 2025  Item 5: Fees and Compensation We are compensated for services based upon a percentage of the value of your assets we supervise and are responsible for. Our fees are billed in advance and you will be entitled to a refund in the event our relationship ends before the end of a quarter you have paid for. The following fee schedule is effective as of January 1, 2023: Annual Fee Calculation Value of Advisory Assets Total Fee at Category Maximum as % of Assets $ - $ 2,000,001 $ 5,000,001 to to to $ 2,000,000 $ 5,000,000 $ 10,000,000 Base Fee $ - $ 20,000 $ 38,000 Plus: Marginal Rate 1.00% 0.60% 0.30% On Assets Over $ - $ 2,000,000 $ 5,000,000 Over $10,000,000 $ 53,000 0.15% $ 10,000,000 1.00% 0.76% 0.53% To Be Determined The above fee schedule will apply unless and until another fee arrangement is agreed to in writing and signed by both you and Alpha Wealth Strategies. Alpha Wealth Strategies imposes a minimum asset value of $5 million for establishing a new Investment Advisory Consulting Services account; however, there is no minimum asset balance required for maintaining an account with us. However, we reserve the right to charge a minimum fee of $10,000 per year should an account fall below $1,000,000. From time to time at our discretion we may decide to reduce the minimum asset requirement for a new client when we determine it is appropriate for business reasons. Fees are calculated quarterly in accordance with the investment advisory consulting agreement. Fees are billed in advance and our refund policy is clearly stated in your advisory agreement. Exceptions may be made where deemed appropriate. In addition, you need to pay separately all separate account money manager fees and/or mutual fund management fees and overhead expenses, plus securities brokerage commissions, transaction costs and custody fees, if any, that may be imposed by selected custodians, or charged by the Custodian's brokerage firm through whom securities are bought or sold. We will not receive any part of these fees or commissions. 9 Alpha Wealth Strategies March 2025  Fees (in general) Fees for services provided by us are detailed above, along with the description of the services to be provided. We reserve the right to allow for differences in fees and account minimums when a business purpose justifies such action. The fee charged is calculated as described above and is not charged on the basis of a share of capital gains upon, or capital appreciation of, the funds or any portion of the funds of an advisory client. Fees are billed quarterly in advance and documented in your advisory agreement. Fees are taken directly from the investment portfolio(s) in the first month of each quarter. You will receive a letter from us detailing the amount of your fee along with information you would need for recalculating the fee to determine its accuracy. Your custody statements you receive from the independent custodian, for the first month of every calendar quarter, will show the amount of the fee taken from the account. Our fee is calculated beginning with the execution date of our written agreement. The initial fee for the first partial quarter will be billed in arrears at quarter-end based on the amount agreed to be contributed in the agreement, or the value of assets contributed before quarter end if fully transferred in by that date, prorated for the number of days in the quarter our agreement was in effect. We may also charge fees for special projects not otherwise anticipated in the advisory agreement. These fees may be fixed or hourly, as determined by mutual agreement before any charges are incurred. In those cases, a written agreement will be executed by both parties. There is never an obligation on your part for additional fees until such time as a written agreement has been agreed to and signed by you. You have the right to terminate the agreement with us, without cost or penalty, within 5 business days of the date of executing the initial agreement; i.e., no fee will be charged to you. Thereafter, the agreement will remain in effect until it is terminated. The agreement may be terminated by either party upon thirty (30) days prior written notice to the other. Upon termination of the agreement by either party, when billed in advance a refund of fees already paid will be refunded on a pro-rata basis using the number of days remaining in the quarter beginning on the day following termination of the account, (termination date is the earlier of 30 days after written notice is provided or final distribution of assets) divided by 90. In many cases, you could invest in select mutual funds or with select money managers directly, without the services of Alpha Wealth Strategies. In that case however, you would not receive the services provided by us which are designed, among other things, to assist you in determining which mutual funds or managers are most appropriate to your financial condition and objectives, and in what amounts. Importantly, we would also not be monitoring those funds and managers for ongoing appropriateness for your portfolio. You should review both the fees charged by the funds and/or separate account money managers we recommend and the fees charged by us to fully understand the total 10 Alpha Wealth Strategies March 2025  amount of fees to be paid by you and to thereby evaluate the advisory services being provided. At your request, we will provide you with an analysis of those fees. You should be aware that similar advisory services may be available from other registered investment advisers for lower fees. We do not claim to be the lowest cost provider for these services. Our consulting fees will be charged directly against your investment portfolio and paid quarterly. The fee is based on asset values at the beginning of the quarter. This amount is payable during the first month of each quarter and taken directly from the respective portfolio(s). We do not provide the option for you to be invoiced in advance or to pay by cash, check or crypto-currency. Fees charged by money managers (whether separate account or mutual fund) are separate from and in addition to the consulting fees charged by us. We receive no part of these fees, either directly or indirectly. You are also responsible for any brokerage or transaction fees and commissions, if any, charged as a result of trades in the portfolio(s), by the separate account managers or by the mutual fund managers employed by the funds you invest in. You are also responsible for any taxes due and payable as a result of the investment strategies employed. Neither Alpha Wealth Strategies nor any of its supervised persons receive compensation for the sale of securities (including asset-based sales charges or “service fees” from recommending mutual funds), insurance or any other products. Conflicts of interest when providing certain financial planning advice - please see Item 11: “Code of Ethics, Participation or Interest in Client Transactions and Personal Trading” for details on potential conflicts of interest inherent to providing certain financial planning advice under an AUM fee model. Item 6: Performance-Based Fees and Side-by-Side Management We do not charge “performance based” fees. We do not participate in “side-by-side” management. Item 7: Types of Clients We offer investment supervisory services and consulting advice to individuals, “high- net-worth” individuals, trusts, estates, and certain corporate accounts; i.e. we may advise on assets of corporations that are single owner personal holding company corporations being managed solely for an individual client’s personal benefit, or where an individual client is a key C-Level Executive or owner of a non-publicly traded corporation or business entity. We impose a minimum asset value of $5,000,000 for establishing an Investment Advisory Consulting Services relationship; however, once an account is established, there is no minimum required to maintain the relationship. We may impose a minimum quarterly fee of $2,500 on accounts that fall below $1,000,000 due to withdrawals. 11 Alpha Wealth Strategies March 2025  Item 8: Methods of Analysis, Investment Strategies and Risk of Loss With respect to the implementation of an asset allocation strategy, where appropriate for an individual client, we will provide one or more asset allocation studies that consider your personal risk tolerances, your time horizons, historical investment performance and future capital markets assumptions regarding risk and return expectations before recommending a strategy to you. The investment allocation among asset classes will be developed based on “modern portfolio theory” concepts. This means that portfolio investments are diversified in such a way as to blend the market risks of various asset classes and sub-asset classes to provide “optimal” (or essentially optimal) balance between risk (market volatility) and expected returns. We may do this in combination with market weightings for certain market neutral, strategic allocation approaches that are more tax sensitive and require fewer periodic changes to the target allocation model. In most cases, we will use our professional judgment to modify an “optimized” portfolio in a manner we believe best represents your needs. This portfolio is recommended by us for you after considering your personal risk tolerance and asset class preferences, as well as any other factors that take into account your relevant specific circumstances and requirements. We will recommend separate account or open-end mutual fund money managers that are consistent with the asset allocation model. This list will be developed and maintained by us using published databases that consider such factors as historical performance, operating fees and overhead expenses passed on to you, manager background and size of portfolio. However, a primary criterion will include the degree to which a manager or mutual fund has adhered to its subclass or style and remained fully invested according to its mandate (i.e. does not market time nor “drift” from a stated mandate). This is essential for the effective implementation of an optimized portfolio strategy. Selection of separate account money managers, both inside and outside of existing platforms of managers provided by certain custodians and other “Turnkey Asset Management Programs” (TAMPS), will focus on matching your investment objectives and philosophies with the manager, performance expectations and size of investment, cost, volatility and other suitability factors as you and your situation may dictate. Unless your portfolio is large enough (approximately $50 million or more, depending on the amount dedicated to any one manager), it is understood that the universe of available separate account managers may be severely restricted as a result of separate account manager minimum investment requirements (which can range from $1 million to $50 million or more) unless a TAMP (turnkey asset management platform) is used. Just like mutual fund management, there are additional costs for this money management. Investment strategies and recommendations may be based upon many factors, including but not limited to diversification, risk factors, time horizon, investment discipline, your personal preferences and income tax considerations. We use advanced information technology systems, our experience, and our professional judgment to determine appropriate allocations and for manager/fund searches and analysis. 12 Alpha Wealth Strategies March 2025  We employ long term investment strategies only; i.e., we make no attempt to move into or out of particular assets based on short term expectations of certain assets outperforming or underperforming other alternatives or their historical averages (referred to as “market timing” or “tactical strategies”). The material risks inherent in the strategies we employ are as follows: 1. There are times when all (or enough) asset and sub-asset classes fall and cause the total portfolio to lose market value for a period of time; this is referred to as market or volatility risk. If you liquidate your portfolio during this time you will have realized a loss on your investment. Diversification and allocating assets cannot guarantee against losses for any specific period of time; however, a longer time horizon of many years mitigates the likelihood of loss from market volatility risk. 2. A portfolio allocation that varies from the market allocation weightings of world asset classes and sub-classes may underperform a more neutral allocation based on all existing asset classes and their respective weightings over a given period of time. 3. Not all asset classes available to investors will necessarily be included in your portfolio strategy. Therefore, it is possible that you may not be invested in the highest performing asset class or sub-asset class at any given point in time. 4. Managers and funds used are typically “active” managers, which means they do not passively invest in an arbitrary basket of stocks or bonds. The risk of active money management is that the manager may materially underperform an index benchmark for a period of time. At times, underperformance could be substantial. Alternatively, the use of index strategies essentially assures you will underperform the index, though the degree of that underperformance is presumably more predictably tied to the benchmark's performance. Since most indexes are capitalization weighted, this means your investment portfolio will be arbitrarily weighted toward larger companies in every asset class, subclass and style, having nothing to do with fundamental criteria typically associated with good, “fundamental” money management approaches. 5. Rebalancing of the portfolio back to the target allocation model can have tax consequences which may increase the cost of employing this investment strategy in taxable accounts. 6. Long term trading is designed to capture market rates of both return and risk. Due to its nature, the long-term investment strategy can expose clients to various types of risk that will typically surface at various intervals during the time the client owns the investments. These risks include but are not limited to inflation (purchasing power) risk, interest rate risk, economic risk, market risk, liquidity risk, marketability risk and political/regulatory risk. Broad and adequate diversification substantially reduces most types of “specific issue” risk (the risk inherent in investing a large amount of your portfolio in one, or very few, securities). 13 Alpha Wealth Strategies March 2025  7. Selection of Other Advisers: Although we will seek to select only money managers who will invest clients' assets with the highest level of integrity, our selection process cannot ensure that money managers will perform as desired and we will have no control over the day-to-day operations of any of our selected money managers. We would not necessarily be aware of certain activities at the underlying money manager level including, for example, a money manager's engaging in unreported risks, short term investment “style drift” or even regulatory breaches or fraud. 8. Mutual Funds: Investing in mutual funds carries the risk of capital loss and thus you may lose money investing in mutual funds. All mutual funds have costs that lower investment returns. 9. Equity investment generally refers to buying shares of stocks in return for receiving a future payment of dividends and/or capital gains if the value of the stock increases. The value of equity securities may fluctuate in response to specific situations for each company, industry conditions and the general economic environment. 10. Fixed income investments generally pay a return on a fixed schedule, though the amount of the payments can vary. This type of investment can include corporate and government debt securities, leveraged loans, high yield, and investment grade debt and structured products, such as mortgage and other asset-backed securities, although individual bonds may be the best known type of fixed income security. In general, the fixed income market is volatile and fixed income securities carry interest rate risk (as interest rates rise, bond prices will typically fall, and vice versa; this effect is more pronounced for longer-term securities versus shorter term securities). Fixed income securities also carry inflation risk, liquidity risk, call risk, and credit and default risks for both issuers and counterparties. The risk of default on Treasury bonds is dependent upon the U.S. Treasury defaulting (extremely unlikely); however, they carry the risk of losing value like any other fixed income security other than money market funds. Risks of investing in foreign fixed income securities also include the general risk of non-U.S. investing described below. 11. Real estate funds (including REITs) face several kinds of risk that are inherent in the real estate sector, which historically has experienced significant fluctuations and cycles in performance. Revenues and cash flows may be adversely affected by: changes in local real estate market conditions due to changes in national or local economic conditions or changes in local property market characteristics; competition from other properties offering the same or similar services; changes in interest rates and in the current state of the debt and equity credit markets; the ongoing need for capital improvements; changes in real estate tax rates and other operating expenses; adverse changes in governmental rules and fiscal policies; adverse changes in zoning laws; the impact of present or future environmental legislation and compliance with environmental laws. 12. Non-U.S. securities present certain risks such as unhedged currency fluctuation, political and economic change, social unrest, changes in government regulation, 14 Alpha Wealth Strategies March 2025  differences in accounting and typically a lesser degree of accurate public information available. 13. Past performance is not indicative of future results. Investing in securities involves a risk of loss that you, as a client, should be prepared to bear. We do not recommend primarily one particular type of security, as we believe that broad diversification is a critical element in risk management. We do not provide analysis or advice on specific individual stocks or bonds for example. We recommend the use of open-end mutual funds as a substitute for separate account money managers in instances where we believe these fund alternatives are superior, or where client preferences or manager minimums dictate. However, these funds represent a wide variety of security exposures. Funds used are, with limited exceptions, lower cost actively managed funds in or near the median top half of funds for the particular asset class or sub-class in question. Though exceptions may exist from time to time, managers of the funds we use do not typically employ leverage, derivatives or options strategies. Item 9: Disciplinary Information There are no criminal or civil actions, administrative proceedings, nor self-regulatory organization proceedings to report. Item 10: Other Financial Industry Activities and Affiliations None of us, the Firm or any of its members or supervised persons are registered as a broker/dealer, insurance agent or registered representative. We are not registered as a futures commission merchant, commodity pool operator, a commodity trading advisor, or as an associated person of these entities. We do not have a material relationship or arrangement with any related person(s) listed below: 1. broker-dealer, municipal securities dealer, or government securities dealer or broker; 2. investment company or other pooled investment vehicle (including a mutual fund, closed-end investment company, unit investment trust, private investment company or “hedge fund,” and offshore fund); 3. other investment adviser or financial planner; 4. futures commission merchant, commodity pool operator, or commodity trading advisor; 5. banking or thrift institution; 6. accountant or accounting firm; 7. lawyer or law firm; 8. insurance company or agency; 9. pension consultant; 10. real estate broker or dealer; or 11. sponsor or syndicator of limited partnerships While we may recommend or select other registered investment advisers (money managers) for you, we do not receive any compensation for making these 15 Alpha Wealth Strategies March 2025  recommendations, thus eliminating the potential for a conflict of interest. Nor do we have any business relationships with any other advisers that would create a potential conflict of interest, including but not limited to, attorneys and tax preparers we might recommend. You will pay us our stated fee in addition to the fee for the money managers to which we recommend to you. Any manager recommended will be registered with the Securities & Exchange Commission, and their fees will not exceed any limit imposed by any regulatory agency. We will always act in your best interest, including when determining which third-party money managers to recommend to you. Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading We maintain a written Code of Ethics that covers the following areas: Prohibited Purchases and Sales, Insider Trading, Personal Securities Transactions, Exempted Transactions, Prohibited Activities, Conflicts of Interest, Gifts and Entertainment, Confidentiality, Service on a Board of Directors, Compliance Procedures, Compliance with Laws and Regulations, Procedures and Reporting, Certification of Compliance, Reporting Violations, Compliance Officer Duties, Training and Education, Recordkeeping, Annual Review, and Sanctions. Our Code of Ethics is available, free upon request, to any client or prospective client. Our “Code of Business Conduct” (“Code”) is designed to address and avoid undisclosed conflicts of interest relating to personal trading and related activities and is based on three underlying principles: A. We will at all times place the interests of our advisory clients first. In other words, as a fiduciary we will scrupulously avoid serving our own personal interests ahead of the interests of our clients. B. We will make sure that all personal securities transactions are conducted consistent with the Code and in such a manner as to avoid any actual or potential conflicts of interest or any abuse of an individual’s position of trust and responsibility. C. Investment advisory personnel should not take inappropriate advantage of their positions. The receipt of investment opportunities, perquisites, or gifts greater in value than $500, from persons seeking to do business with us, could call into question the exercise of our independent judgment and are not allowed. Meals or travel with a business purpose are not considered gifts. Again, you may request a complete description of our “Code of Ethics” by contacting the Firm in writing to request a copy. Identifying conflicts of interest. We are vigilant regarding the identification and resolution of conflicts of interest in our financial planning advice. It is important to note that every fee model, whether commission, hourly, fixed or assets under management has the potential to affect an adviser's objectivity when providing financial planning advice. We are aware of the potential influence the assets under management fee model may have on our objectivity when providing certain financial planning advice that involves distributions or contributions of monies into or from accounts, and strive to ensure our advice is always in your best interest first and foremost. When financial 16 Alpha Wealth Strategies March 2025  planning advice may involve a significant amount of investment assets that could materially impact the fees you would pay to us, we will strive to ensure the prudence of our advice is clearly documented, identify the conflict for you, and may even recuse ourselves from making a recommendation if it would clearly inure to our benefit (i.e. increase your assets under management); or we may recommend you get a second opinion depending on the facts and circumstances. By choosing to be a fee-only fiduciary firm we have attempted to remove many of the obvious conflicts of interest inherent in the financial services industry today, namely the collection of commissions and other fees on the sale of insurance and investment products. As a "Fee-Only" firm, we do not create nor sell any products, nor do we collect commissions of any kind. We provide investment advisory services and limited financial planning advice in a consultation format for a fee paid by you based on assets under management. We do not have an ownership interest in any other financial service company or other related party that collects commissions. Further, we do not receive any referral fees from other professionals such as CPAs, attorneys, brokers, insurance agents, etc. Nor do we pay or accept any referral fees to or from any other financial services or marketing related entities. We are not involved in solicitor arrangements. Although we have removed most of the conflicts of interest through our compensation structure and ordinary business practices, we recognize that fee-only compensation based on a percentage of assets managed contains the potential for a conflict of interest with respect to the delivery of financial advice in certain situations, as increased assets will result in increased compensation from fees. We believe that our clients should be made aware of those situations with the greatest potential for conflicted advice. As of the date of receipt of this brochure, the list of these potential conflicts would include but are not limited to the following:  Defined benefit distribution rollover recommendations to an IRA* you would pay us to advise on;  401(k), 403(b) or other defined contribution plan rollover recommendations to an IRA* you would pay us to advise on;  Other IRA account rollover recommendations you may have elsewhere to an IRA* you would pay us to advise on;  Recommendations regarding mortgages or other borrowing;  Recommendations regarding "early" social security retirement benefits (prior to age 70);  Recommendations regarding certain estate/gift planning strategies and certain charitable gifting strategies that involve asset transfers. Please note that we are not suggesting that our financial advice in these instances is anything less than independent and objective, but we believe that we have an obligation to disclose any and all potential and/or perceived conflicts of interest to our clients. We will attempt to discuss these situations, where applicable, when rendering advice. In certain instances, we may decline making a recommendation or will advise that a second opinion be sought.  Note that due to DOL rules regarding the conflicts inherent in the asterisked items above relating to qualified asset rollovers we will not make specific recommendations regarding these assets. 17 Alpha Wealth Strategies March 2025  Item 12: Brokerage Practices We are not licensed brokers and do not receive any compensation for any trades or transactions that may occur in your portfolio(s). We typically have a limited power of attorney to act on a discretionary basis on your behalf, as a result of your agreement with the custodian selected. When such limited powers exist you have given us the power to choose both the amount and type of publicly traded securities to be acquired to satisfy your objectives. However, the investment policy statement you agree to creates specific guidelines for the types of securities that may be used for your account, and we will adhere to those guidelines. In addition, any new mutual funds or managers to be acquired for your portfolio will be discussed and approved by you in advance. Changes to the weightings of funds or managers in your portfolio will be approved by you in an amendment to your investment policy statement. Note however that when separate account managers are employed, they will not seek out discussion or approval from you. We will typically recommend that you establish custodial/brokerage accounts with SEI Private Trust Company (a Delaware trust company) or the Schwab Institutional division of Charles Schwab & Co., Inc. (Schwab), a registered broker/dealer, member SIPC, to maintain custody of your assets and to effect trades for your accounts. We are independently owned and operated and not affiliated with either SEI or Schwab. Both firms provide us with access to their institutional trading and custody services. These services generally are available to independent investment advisers and are not otherwise contingent upon Alpha Wealth Strategies committing to SEI or Schwab any specific amount of business (however, the amount of assets in custody provides certain additional support that benefit our operation as well as you). At SEI Private Trust Company, the following additional support services available to us are based on our having a certain level of assets invested in their funds. We do generally take advantage of the following benefits: 1. custody fees waived for all client accounts; 2. access to an SEI Private Trust Company liaison to assist with administration of accounts; 3. a discount on investment management fees paid by the client for separate account managers used in the SEI managed accounts program, ETF mandates and non-SEI Assets; 4. National and regional SEI investment conferences with local travel, on-site meals and hotel accommodations provided; 5. Customized investment models for client accounts at no charge; 6. Access to Tax Return Review Observation Service for clients of any size; and, 7. Reduced charge to the client on certain buy/sell transactions. We do not take advantage of the following benefits that are made available to us by SEI: 1. Marketing assistance for co-investment in a growth initiative to attract new clients; 18 Alpha Wealth Strategies March 2025  2. Our logo on custody statements at no charge; 3. Access to a professional media center for recording client messages; 4. Use of software or services at greater than 25% savings (this discount is too high); 5. Complimentary Finametrica subscription (we do not use Finametrica); 6. Financial support and/or an SEI speaker provided for group programs; 7. Automatic consideration for SEI’s “Institutional Lead Program.” For our client accounts maintained at SEI Private Trust Company, custody is provided without specific additional charge and most trades are executed at no cost to the client when SEI’s mutual funds and many other funds are used (some non-SEI institutional funds may have an annual custody fee applied on a quarterly basis – we do NOT receive any portion of that fee). Although we do not use SEI funds exclusively, they represent the majority of the funds we prefer to use, given their important and somewhat unique characteristics. These funds are selected because they meet criteria that we believe make them the best choice, given our philosophy and approach, for most asset class and subclass categories. Our preference for SEI mutual funds is based on their commitment to engaging independent, institutional separate account money management firms with established track records of style specific outperformance as the primary management strategy for their funds, though managers employed by SEI may contribute some percentage of management in certain funds. These firms' trades are reviewed daily by SEI's analysts to ensure consistency with the investment management firm's mandate. This is important in that a manager's role is to pick securities, not time the market or hold excessive amounts of cash or other securities not consistent with the asset subclass mandate they have committed to. For our client accounts maintained at Schwab, custody may be provided with an asset based fee charge, otherwise Schwab may be compensated through commissions or other transaction-related fees for securities trades that are executed through Schwab or that settle into Schwab accounts. The brokerage commissions and/or transaction fees charged by Schwab or any other designated broker/dealer are exclusive of and in addition to our fees and we do not receive any portion of these charges. We may receive from Schwab or SEI Private Trust Company, at no cost, professional services, software and related systems support, enabling us to better monitor client accounts maintained at these custodians. We may receive this support without cost because of the portfolio management services rendered to clients that maintain assets at these custodians. The support provided may benefit us, but not clients directly. In fulfilling our duties to our clients, we endeavor at all times to put the interests of our clients first. Clients should be aware, however, that receipt of economic benefits from a custodian may create a conflict of interest since these benefits could potentially influence our choice of custodian over another custodian that does not furnish similar services, software and systems support. Best Execution Commissions paid by you to brokers shall comply with our duty to obtain “best execution.” However, you may pay a commission that is higher than another qualified 19 Alpha Wealth Strategies March 2025  broker/dealer might charge to effect the same transaction. Currently no commissions for trading mutual funds nor securities traded by money managers that are custodied at SEI Private Trust Company or Schwab Institutional are charged. In seeking best execution, the determinative factor is not the lowest possible cost, but whether the transaction represents the best qualitative execution, taking into consideration the full range of a broker/dealer’s services, including among others, overall reputation, execution capability, transaction costs, reliability and responsiveness. Consistent with the foregoing, while we will seek to ensure you receive competitive rates, you may not necessarily obtain the lowest possible transaction cost for any given securities transaction. If you request that we arrange for the custody of your account, the execution of securities brokerage transactions will typically be directed through the broker/dealer affiliated with the custodian selected. We shall periodically review our policies and procedures regarding recommending custodians and their affiliated broker/dealers to clients in light of our duty to ensure you are receiving best execution services. You will not have the ability to direct us to use a particular broker-dealer to execute transactions for your account unless you have chosen them to be your custodian. We do not have arrangements (often referred to as “soft dollar” arrangements), either orally or in writing, where we are paid cash by, or receive commissions, software or equipment from, a non-client in connection with trading generated in a client account. We do not and will not cause you to pay commissions higher than those charged by other broker/dealers in return for “soft dollar” benefits. Clients pay standard discount brokerage rates at Schwab Institutional (currently zero) and pay no transaction costs or commissions for trades of SEI and most other funds at SEI Private Trust Company when we meet a minimum value for assets invested in SEI Investments’ open-end mutual funds. We do not consider, in selecting or recommending broker/dealers, whether we receive client referrals from a broker-dealer or third party. We do not have any arrangements with any third parties relating to receiving referrals of clients. The separate account money managers we recommend to you are registered investment advisers and have a fiduciary and regulatory obligation to obtain best execution when they execute trades. We do not get involved in the trading decisions of separate account managers that are hired, however, we do require that they be registered investment advisers committed to meeting the requirement of best execution and have a formal policy in place. We do not audit or independently obtain outside assurance that they are in fact meeting this standard; however, we only recommend SEC registered investment advisers who have a regulatory obligation and requirement to ensure best execution on all trades. As our client, you are not permitted to direct brokerage when separate account managers are engaged for your portfolio. We only trade in open-end mutual funds and only very occasionally, short term Treasury securities. Clients are not involved in directing brokerage beyond selecting a custodian to maintain custody of their securities. Selection of a particular custodian such as SEI PTC or discount broker such as Schwab 20 Alpha Wealth Strategies March 2025  Institutional constitutes directing brokerage business to their organization or affiliates. This means that transactions the custodian is asked to execute will be handled by their brokers (if a brokerage firm like Schwab Institutional) or by their affiliated brokerage firm (if a trust company like SEI Private Trust Company). Given the nature of the securities we use for your account(s), we do not aggregate the purchase or sale of securities. We do not have opportunities to benefit from aggregate trades, although separate account managers may. Item 13: Review of Accounts Mutual funds and money managers used in your portfolio(s) are subject to ongoing review and monitoring. We do not evaluate or monitor the specific securities held by the funds or by separate account money managers. Client portfolios are formally reviewed and evaluated at least quarterly and for specified portfolios detailed performance reports may be generated and sent to you following each quarter end; in rare, select cases performance reports may be sent by the custodian only. An investment policy statement is created initially before investing, if you do not already have one, and then reviewed by us and updated as needed based on changes to your personal life situation or other factors, or as requested by you. We do not create comprehensive financial plans for any client. However, you may engage us to help with your estate and/or retirement planning, specific income tax issues, cash flow analysis, charitable giving strategies, etc. In the event we have done such planning for you, reviews and updates will be done at your request and convenience. A recap of the discussion and recommendations are typically memorialized in a formal follow up letter or email to you. Client portfolio reviews include a periodic evaluation of performance of your portfolio and underlying securities by your adviser representative. Depending on the arrangement agreed to, you may receive a quarterly statement produced by an independent performance reporting firm, along with a review letter written by your adviser representative reflecting an evaluation and recommendation. Recommendations for changes to allocation strategy or fund managers can be made at any time however, and will be communicated to you in writing as well. Fund and money manager reviews are executed on a formal basis every quarter and involve the analysis of performance and risk statistics and other criteria used by us to determine whether to continue with a fund/manager, or not. This analysis is available for your review at your request. You may request a review at any time, whether this is an investment policy statement review, other financial planning issue review or a portfolio performance review. In addition, if an event comes to our attention, we may also initiate a review if, in our opinion, the event warrants such action. We are cognizant of the value of your time and we endeavor not to waste it. 21 Alpha Wealth Strategies March 2025  Your custodian will provide you with monthly “balance and activity” reports in writing, detailing your holdings and all transactions for the period (quarterly reports may be substituted per your request). With rare exceptions which we will identify, we will provide you with a detailed, independently produced performance report that breaks down individual fund and/or manager performance by asset class and by asset sub- class and domestic equity “style.” Item 14: Client Referrals and Other Compensation We receive no cash payments from any party, affiliated or unaffiliated with us, for providing investment or any other financial related advice to our clients. We do have the opportunity to receive traditional “non-cash benefits” from custodians SEI and Schwab Institutional (Schwab). These non-cash benefits may include customized statements for you, receipt of client confirmations of contributions and distributions from your account(s) and bundled duplicate electronic statement downloads; ability to have investment advisory fees deducted directly from your account(s); access to an electronic communication network for accessing your account information; access to mutual funds and money managers which generally require significantly higher minimum initial investments or those that are otherwise only generally available to institutional investors or other limited distribution channels; reporting features; receipt of industry communications; and reasonable discounts on business-related products (“affinity discounts”) from time to time. SEI or Schwab may also provide cash and other non-cash benefits relating to marketing of our services from time to time; however, we do not take advantage of any such benefits. SEI and Schwab may also provide general access to research and discounts on research related products from time to time. Any research received is used for the benefit of all clients. We have no formal written or verbal arrangements/agreements whereby we receive “soft dollar” benefits. From time to time, SEI and Schwab Institutional may offer to us the opportunity to attend industry-related conferences, continuing education programs, or other similar benefits; however, we do not believe that such incentives impair our independence or objectivity but enhance our knowledge and understanding of investment industry trends and opportunities. We will generally recommend that you establish custody/brokerage accounts with the Schwab Institutional® division of Charles Schwab & Co., Inc. (Schwab), or SEI Private Trust Company to maintain custody of your assets and to effect trades for your account(s). These firms provide us with access to institutional trading and custody services, which are typically not available to retail investors. These services generally are available to independent investment advisers at no charge to them so long as a certain minimum amount of an adviser’s clients’ assets are maintained with them. These services are not contingent upon us committing to any specific volume of transaction business (trading commissions). For our clients' accounts in Schwab’s custody, Schwab will generally not charge separately for custody services. They are typically compensated by account holders through commissions and other transaction-related or asset-based fees, or earning fees 22 Alpha Wealth Strategies March 2025  on the arbitrage of cash balances. Schwab Institutional makes available to us other products and services that benefit us but may not directly benefit client accounts. Many of these products and services may be used to service all or some substantial number of our accounts, including accounts not maintained at Schwab. Schwab’s products and services that assist us in managing and administering clients’ accounts can include website access and other technology that (i) provide access to client account data (such as trade confirmations and account statements); (ii) facilitate trade execution and allocate aggregated trade orders for multiple client accounts; (iii) provide research, pricing and other market data; (iv) facilitate payment of our fees from our clients’ accounts; and (v) assist with back-office functions, recordkeeping and client reporting. We do not avail ourselves of all of these potential benefits though they are available to us. Schwab Institutional also offers other services intended to help us manage our business enterprise. These services may include: (i) compliance, legal and business consulting, research and advice; and (ii) publications and conferences on practice management and business succession. Schwab may make available, arrange and/or pay third-party vendors for the types of services rendered to us, although we do not presently avail ourselves of such benefits from Schwab. Schwab may discount or waive fees it would otherwise charge for some of these services or pay all or a part of the fees of a third- party providing these services to us. Schwab Institutional may also provide other benefits such as educational events to, or occasional business entertainment of, Alpha Wealth Strategies personnel (e.g., a dinner or local sporting event). In evaluating whether to recommend or require that clients custody their assets at Schwab, we will not take into account the availability of the foregoing products and services and other arrangements as part of the total mix of factors we consider, but instead will solely consider the nature, cost and/or quality of custody and brokerage services provided by Schwab. These ancillary services provided by Schwab are not unique to Schwab, and other custodians provide similar if not identical support service to advisers. Although we may recommend that you establish custody/brokerage accounts at Schwab Institutional (a FINRA-registered broker-dealer, member SIPC) or SEI Private Trust Company (a Delaware Trust Company), it is your decision to custody assets with Schwab or SEI Private Trust Company or other custodian(s) that we have vetted and made available to you. We are independently owned and operated and not affiliated with SEI Investments, Charles Schwab & Co., Schwab Institutional, SEI Private Trust Company, or any of their affiliates. We do not, directly or indirectly, compensate any person or company for client referrals. Item 15: Custody We do not take custody of your assets. Your assets are held in the custody of a bank, trust company or segregated brokerage firm account, as agreed to. You authorize us (in our agreement) to debit fees directly from your account at the selected custodian. The custodian sets the limitations of our access to your account in the agreement you will sign with the custodian. 23 Alpha Wealth Strategies March 2025  The custodian sends a “value and activity” custody statement directly to you, at least quarterly, indicating all amounts disbursed from your account(s), including the amount of advisory fees paid directly to us, as well as all contributions made and other transactions during the period, as well as a detail of account holdings at the end of the period. Statements from the custodian containing the fee distribution activity (the first month of every calendar quarter) should be carefully reviewed for appropriateness of the fee calculation. The custodian is not responsible for the fees paid to us, therefore, you are responsible for ensuring the amounts are correct. You will receive a letter from us every quarter providing you with the fee calculation, and the account values upon which the calculations were based (which you should check against the custodian’s statement received for that period), so that you may check the fees paid with the agreement you have with us. While we will assist clients in establishing and maintaining accounts at the custodian, we shall have no responsibility or liability with respect to custodial arrangements or the acts, omissions or other conduct of the custodian. You will not receive “value and activity” custody account statements from us. They will be mailed directly to you by the custodian. Item 16: Investment Discretion We typically are given a limited power of attorney to act on a discretionary basis on your behalf in your custody account for purposes of selling and buying mutual funds and other securities or hiring/replacing separate account managers in certain limited circumstances. When such limited powers exist between us, we have the power to choose both the amount and type of publicly traded open-end mutual funds to be bought and sold to satisfy client account objectives, without your explicit approval, but that are within the defined limits agreed to in your investment policy statement. Generally, these powers are as described in the custodial agreement, as your agreement with us does not, in and of itself, provide for powers of attorney or for any discretion over assets. In practice, we will follow the investment policy statement regarding the types of funds and assets to use and the amounts of your assets committed to each fund or asset type, unless given permission by you to do otherwise; this may happen in very limited and rare circumstances and is either temporary or the IPS ultimately changed and executed to reflect this decision. Additionally, we will accept any reasonable limitation or restriction to such authority on the account by you, though modification of certain discretionary powers may not be allowed by SEI Private Trust Company, Schwab Institutional or other custodian we have recommended to you. All modifications to limitations and restrictions on accounts must be presented to us, and agreed to, in writing. In addition, you may specifically restrict the types of investments which may be purchased for your account and these restrictions shall be specified and documented in an investment policy statement specifically created for you. 24 Alpha Wealth Strategies March 2025  Item 17: Voting Client Securities We do not have any authority to, and consequently do not, vote proxies on your behalf. You retain the responsibility for receiving and voting proxies as you see fit for any and all securities maintained in your portfolio(s). In addition, we will neither advise nor act on your behalf in legal proceedings involving companies whose securities are held or previously were held in your account(s), including, but not limited to, the filing of Proofs of Claim in class action settlements. If desired, you may direct us to transmit copies of class action notices to you or a third party. Upon such direction, we will make commercially reasonable efforts to forward such notices in a timely manner. You will receive proxy voting requests and information from the custodian that holds your securities. We may provide advice to you regarding your voting of proxies if you request such advice. You may contact us by telephone or email with questions regarding such proxies. Item 18: Financial Information We will never require an advance prepayment of any amount that covers a six month or greater period of time. Though you may pay in advance for advisory services, that period will never cover more than a three month period. There is no existing financial condition of the firm that would likely impair our ability to meet contractual commitments to you or to any of our clients. We will update this ADV and inform you in writing if at any time we believe the financial condition of the firm impairs our ability to meet our contractual obligations to you. We (meaning the firm, its principals, officers and advisers), have never been the subject of a bankruptcy petition. Item 19: Requirements for State Registered Advisers Alpha Wealth Strategies is registered with the SEC, not a state securities commission. Item 20: Our Privacy Policy Your Privacy We are committed to keeping the personal information that we collect from our prospective, current and former clients confidential and secure. The proper handling of personal information is one of our highest priorities. We want to be sure that you know why we need to collect personal information from you. We also want to explain to you our commitment to protect the information you provide to us. We never sell your information to any outside parties. 25 Alpha Wealth Strategies March 2025  Client Information We collect and keep only information that is necessary for us to provide services requested by you and to administer your business with us. We may collect nonpublic personal information:  from you when you complete an application, subscription documents or other forms. This includes information such as name, address, social security number, assets, income, net worth and other information deemed necessary to evaluate your financial needs.  as a result of transactions with us or others. This could include transactions completed with us, information received from outside vendors to complete transactions or to effect financial goals. Sharing Information: We only share your nonpublic personal information with other companies or individuals as permitted by law, such as your adviser within our firm, custodian or broker/dealer firm, issuer, mutual funds, insurance companies and other service support vendors, or to comply with legal or regulatory requirements. In the normal course of our business, we may disclose information we collect about you to companies or individuals that contract with us to perform servicing functions such as:  Record keeping and performance reporting;  Computer related services and cyber-security firms; and  Good faith disclosure to regulators who have regulatory authority over the Firm. Companies we hire to provide support services are not allowed to use your personal information for their own purposes and are contractually and/or legally obligated to maintain strict confidentiality. Their use of your personal information is limited to the performance of the specific service we have requested. We do not provide your personally identifiable information, or any information for that matter, to mailing list vendors or solicitors for any purpose. When we provide personal information to a service provider we contract with, these providers agree to safeguard your information, to use the information only for the intended purpose, and to abide by applicable law. The law allows you to "opt out" of certain kinds of information sharing with unaffiliated third parties. The Firm does not share personal information about you with any third parties that triggers this opt-out right. This means you are already opted out. Only employees and direct service providers with a valid business reason have access to your personal information. All such access organizations understand the importance of maintaining the confidentiality and security of this information. 26 Alpha Wealth Strategies March 2025  We maintain security standards to protect your information, whether written, spoken, or electronic. Our goal is to maintain accurate, up-to-date client records in accordance with industry standards and regulatory requirements. 27 Alpha Wealth Strategies March 2025  Alpha Wealth Strategies, LLC Form ADV Part 2B Investment Adviser Brochure Supplement Clark M. Blackman II, CFA 281.758.5252 March 18, 2025 This brochure supplement provides information about Clark M. Blackman II that supplements the Alpha Wealth Strategies, LLC brochure. You should have received a copy of that brochure. Please contact Clark M. Blackman II, Managing Member, if you did not receive Alpha Wealth Strategies, LLC brochure or if you have any questions about the contents of this supplement. Additional information about Clark M. Blackman II is also available on the SEC’s website at www.adviserinfo.sec.gov. Alpha Wealth Strategies, LLC 9212 Fry Road Suite 105 PMB #342 Cypress, Texas 77433 (281) 758-5252 Clark@AlphaWealthStrategies.com www.AlphaWealthStrategies.com 28 Alpha Wealth Strategies March 2025  Item 2: Educational Background and Business Experience CLARK M. BLACKMAN II, CFA - Managing Member/CEO, Chief Compliance Officer Year of Birth: 1956 EDUCATION, DESIGNATIONS AND PREVIOUS EMPLOYMENT Education University of Iowa, Iowa City, IA:  Bachelor of Business Administration – Majors: Finance & Accounting, 1979  Master of Arts - Accounting, 1980 Designations Currently Held:  CPA - Certified Public Accountant designation earned 1981  CFP® - Certified Financial Planner™ designation earned 1985  PFS - Personal Financial Specialist designation earned 1990  CFA® - Chartered Financial Analyst™ designation earned 1990  AAMS® - Accredited Asset Management Specialist™ designation earned 1997  AIF® - Accredited Investment Fiduciary™ designation earned 2008  CGMA - Chartered Global Management Accountant designation earned 2012  AEP (Distinguished) – Accredited Estate Planner designation earned 2023 Employment History: Alpha Wealth Strategies, LLC Managing Member, CEO, CCO, CIO 2006 - Present Investec Advisory Group, L.P. Managing Director/CCO/CIO 2000 - 2006 Managing Director, Registered Rep Financial Paradigms, Inc. 2003 - 2006 Managing Director/CCO/Registered Rep Post Oak Capital Advisors, Inc. 1999 - 2003 Deloitte & Touche, LLP 1997 - 1999 National & Regional Director of Investment Advisory Services Practice Price Waterhouse, LLP 1990 - 1997 Senior Manager & Director of Personal Financial Planning Practice Friedman, Eisenstein, Raemer & Schwartz Senior Manager/Department Head of 29 Alpha Wealth Strategies March 2025  1986 - 1990 Personal Financial Planning Financial Planning Associates, Inc Partner/Vice President/Registered Rep. 1983 - 1985 Arthur Andersen & Co, LLP Tax Staff 1980 - 1983 Description of Designations: Certified Public Accountant (CPA) CPAs are licensed and regulated by their state boards of accountancy. While state laws and regulations vary, the education, experience and testing requirements for licensure as a CPA generally include minimum college education (typically 150 credit hours with at least a bachelor’s degree and a concentration in accounting), minimum experience levels (most states require at least one year of experience providing services that involve the use of accounting, attest, compilation, management advisory, financial advisory, tax or consulting skills, all of which must be achieved under the supervision of or verification by a CPA), and successful passage of the Uniform CPA Examination. In order to maintain a CPA license, states generally require the completion of 40 hours of continuing professional education (CPE) each year (or 80 hours over a two year period or 120 hours over a three year period). Additionally, all American Institute of Certified Public Accountants (AICPA) members are required to follow a rigorous Code of Professional Conduct which requires that they act with integrity, objectivity, due care, competence, fully disclose any conflicts of interest (and obtain client consent if a conflict exists), maintain client confidentiality, disclose to the client any commission or referral fees, and serve the public interest when providing financial services. In addition to the Code of Professional Conduct, AICPA members who provide personal financial planning services are required to follow the Statement on Standards in Personal Financial Planning Services (the Statement). Most state boards of accountancy define financial planning as the practice of public accounting and therefore have jurisdiction over CPAs practicing in this discipline; state boards would likely look to the Statement as the authoritative guidance in this practice area regardless of specific or blanket adoption of AICPA standards. Clark Blackman II played a key role in the creation, writing and technical editing of the Statement. Certified Financial Planner™ (CFP®) The Certified Financial Planner™, CFP® and federally registered CFP (with flame design) marks (collectively, the “CFP® marks”) are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”). The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. It is recognized in the United States and a number of other countries for its (1) high standard of professional 30 Alpha Wealth Strategies March 2025  education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. More than 62,000 individuals have obtained CFP® certification in the United States. To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following requirements:  Education – Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board’s studies have determined as necessary for the competent and professional delivery of financial planning services, and attain a Bachelor’s Degree from a regionally accredited United States college or university (or its equivalent from a foreign university). CFP Board’s financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning.  Examination – Pass the comprehensive CFP® Certification Examination. The examination, administered in 10 hours over a two-day period, includes case studies and client scenarios designed to test one’s ability to correctly diagnose financial planning issues and apply one’s knowledge of financial planning to real world circumstances.  Experience – Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year). And,  Ethics – Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP® professionals. Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the CFP® marks:  Continuing Education – Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field. And,  Ethics – Renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP® professionals provide financial planning services at a fiduciary standard of care. This means CFP® professionals must provide financial planning services in the best interests of their clients. CFP® professionals who fail to comply with the above standards and requirements may be subject to CFP Board’s enforcement process, which could result in suspension or permanent revocation of their CFP® certification. Personal Financial Specialist (PFS) The PFS credential demonstrates that an individual has met the minimum education, experience and testing required of a CPA in addition to a minimum level of expertise in personal financial planning. To attain the PFS credential, a candidate must hold an unrevoked CPA license, certificate, or permit, none of which are in inactive status; fulfill 31 Alpha Wealth Strategies March 2025  3,000 hours of personal financial planning business experience; complete 75 hours of personal financial planning CPE credits; pass a comprehensive financial planning exam and be an active member of the AICPA. A PFS credential holder is required to adhere to AICPA’s Code of Professional Conduct and the Statement on Standards in Personal Financial Planning Services, when providing personal financial planning services. To maintain their PFS credential, the recipient must complete 60 hours of financial planning CPE credits every three years. The PFS credential is administered through the AICPA. Chartered Financial Analyst™ (CFA®) The Chartered Financial Analyst™ (CFA®) charter is a professional designation established in 1962 and awarded by CFA Institute. To earn the CFA charter, candidates must pass three sequential, six-hour examinations. The three levels of the CFA Program test a wide range of investment topics, including ethical and professional standards, securities analysis, alternative and derivative investments, economic analysis and portfolio management, and wealth planning for individuals. In addition, CFA charterholders must have at least four years of acceptable professional experience in the investment decision-making process and must commit to abide by, and annually reaffirm, their adherence to the CFA Institute Code of Ethics and Standards of Professional Conduct. To learn more about the CFA charter, visit www.cfainstitute.org. Accredited Asset Management Specialist™ (AAMS®) Individuals who hold the AAMS® designation have completed a course of study encompassing investments, insurance, tax, retirement, and estate planning issues designed by the College for Financial Planning in Denver, Colorado. The program is designed for approximately 120-150 hours of self-study. The program is self-paced and must be completed within one year from enrollment. Individuals are required to pass an online, timed and proctored end-of-course examination with a 70% score or higher. The examination tests the individual’s ability to relate complex concepts and apply theoretical concepts to real-life situations. Following initial conferment by the College for Financial Planning authorization for continued use of the credential must be renewed every two years by completing 16 hours of continuing education; reaffirming compliance with the Standards of Professional Conduct, Terms and Conditions, and complying with self-disclosure requirements. Accredited Investment Fiduciary™ (AIF®) The AIF designation certifies that the recipient has specialized knowledge of fiduciary standards of care and their application to the investment management process. To receive the AIF designation, individuals must complete a training program, successfully pass a comprehensive, closed-book final examination under the supervision of a proctor and agree to abide by the AIF Code of Ethics. In order to maintain the AIF designation, the individual must annually renew their affirmation of the AIF Code of Ethics and complete six hours of continuing education 32 Alpha Wealth Strategies March 2025  credits in the area of fiduciary responsibilities. The certification is administered by the Center for Fiduciary Studies, LLC (a Fiduciary360 [a.k.a. fi360] company). Accredited Estate Planner™ (AEP®) An AEP® designee provides exemplary professional advice and meets the highest standards of knowledge, skill, ethical conduct, and experience. The only graduate level, multi-disciplinary credential that focuses specifically on estate planning, the AEP® designation acknowledges multiple disciplines, including law, accounting, insurance and financial planning, philanthropy, and trust services. The AEP® designation is available to credentialed professionals within each of the following disciplines:  Accounting (CPA)  Insurance and/or Financial Planning (CLU®/Ch FC®/CFP®/CFA/ CPWA® /MSFS/MST)  Law (JD)  Philanthropy (CAP®! CSPG)  Trust Services (CTFA) The program is overseen by a committee of active designees who reflect the focus and expertise of each of the five disciplines. This body is responsible for determining eligibility requirements and ensuring that designation holders continue to maintain the necessary knowledge, skill, experience, and ethical standards. An AEP® must be actively licensed or certified as an attorney; accountant; insurance and financial planner; philanthropic advisor; or trust officer. An AEP® must have extensive knowledge as an estate planner devoting at least a third of one's professional time to estate planning activities, including the accumulation, preservation, and distribution of assets through proper planning. An AEP® must either: (1) have a minimum of five years of professional experience as an estate planner and have successfully completed two graduate courses in estate planning from The American College of Financial Services or another accredited graduate program as part of a master's or doctoral degree; or (2) have a minimum of fifteen years of professional experience as an estate planning practitioner. An AEP® must sign a declaration agreeing to continuously abide by the NAEPC Code of Ethics and the Professional Responsibilities, both of which embody the expected professional behavior of all designees. An AEP® must certify that all designations and licenses are in good standing and must be recommended by three unrelated, credentialed professionals practicing within the disciplines recognized by the NAEPC. An AEP® must complete at least 30 hours of continuing education every two years and certify this to the NAEPC on an annual basis. This requirement ensures that designation holders maintain a high level of expertise and remain current with the latest developments in estate planning. An AEP® must participate in the annual audit if selected to verify compliance with the core program requirements. 33 Alpha Wealth Strategies March 2025  Chartered Global Management Accountant (CGMA) Designation Eligibility To qualify for the CGMA designation through the American Institute of CPAs, you must be a regular member of the AICPA, pass the CGMA exam and have a minimum of three years relevant, work-based, practical management accounting experience. Eligible AICPA members must attest they meet the experience requirements when applying to obtain the CGMA designation: Minimum 36 months of relevant management accounting experience, as defined by the CGMA Competency Framework. Range of experience across at least four (4) competencies in the Technical and Business Skills knowledge areas, with a minimum of one (1) per area. Depth of experience with a minimum of 18 months at the Intermediate (or higher) proficiency level as defined in the CGMA Competency Framework. Demonstrated work-based experience in competencies from the Leadership or People Skills knowledge areas. For detailed descriptions of qualifying competencies, please refer to the complete CGMA Competency Framework. Item 3: Disciplinary Information No legal or disciplinary events exist that you should be aware of in your evaluation of Clark M. Blackman II. Item 4: Other Business Activities Clark M. Blackman II provides certain litigation support services and may from time to time engage as an expert witness in lawsuits involving claims of breach of fiduciary duty on the part of an investment adviser or advisory firm. There is no business relationship between the advisory business and this other business activity. We do not believe this activity creates conflicts of interest or other potential breaches of fiduciary duty. Mr. Blackman's compensation received is an hourly fee based on time spent. He would not take any engagement which he reasonably believed would infringe on his fiduciary responsibilities to any client. It is believed that his activities in this area better prepare him for meeting his fiduciary obligation to his clients. Mr. Blackman does not receive commissions, bonuses or other compensation based on the sale of securities or other investment products. Item 5: Additional Compensation Mr. Blackman does not receive economic benefits other than owner distributions for providing investment advisory and financial planning services through the firm. 34 Alpha Wealth Strategies March 2025  Item 6: Supervision Clark M. Blackman II, as the Managing Member/CEO, Chief Investment Officer and Chief Compliance Officer, has the duty and responsibility to supervise himself. All advice is continually reviewed by and meets the approval of the CEO and CCO of the firm. The name, title and telephone number of the person responsible for supervising Clark M. Blackman II’s advisory activities on behalf of our firm is as follows: Clark M. Blackman II, Managing Member/CEO & CCO, may be reached at 281.758.5252. 35 Alpha Wealth Strategies March 2025  Alpha Wealth Strategies, LLC Form ADV Part 2B Investment Adviser Brochure Supplement Clark M. Blackman III, CFA 281.758.5252 March 18, 2025 This brochure supplement provides information about Clark M. Blackman III that supplements the Alpha Wealth Strategies, LLC brochure. You should have received a copy of that brochure. Please contact Clark M. Blackman II, Managing Member, if you did not receive Alpha Wealth Strategies, LLC brochure or if you have any questions about the contents of this supplement. Additional information about Clark M. Blackman III is also available on the SEC’s website at www.adviserinfo.sec.gov. Alpha Wealth Strategies, LLC 9212 Fry Road Suite 105 PMB #342 Cypress, Texas 77433 (281) 758-5252 Monroe@AlphaWealthStrategies.com www.AlphaWealthStrategies.com 36 Alpha Wealth Strategies March 2025  Item 2: Educational Background and Business Experience CLARK M. BLACKMAN III, CFA – Chief Investment Officer, Chief Operations Officer Year of Birth: 1984 EDUCATION, DESIGNATIONS AND PREVIOUS EMPLOYMENT, Education Texas A&M University, College Station, TX:  Bachelor of Business Administration – Accounting, 2007  Master of Science - Finance, 2008 Designations Currently Held:  CPA - Certified Public Accountant designation earned 2010  CFP® - Certified Financial Planner™ designation earned 2015  PFS - Personal Financial Specialist designation earned 2013  CFA® - Chartered Financial Analyst™ designation earned 2015 Employment History: Alpha Wealth Strategies, LLC Chief Operations Officer 2019 - Present Chief Financial Officer Ag Installers, Inc. 2017 - 2019 Principal Patriot Wealth Management, Inc. 2016 - 2017 Portfolio Analyst MBR Financial 2011 - 2016 Senior Private Client Tax Advisor Deloitte Tax LLP 2008 - 2011 Intern - Investment Analyst Staff Investec Advisory Group, LP 2005 Description of Designations: Certified Public Accountant (CPA) CPAs are licensed and regulated by their state boards of accountancy. While state laws and regulations vary, the education, experience and testing requirements for licensure as a CPA generally include minimum college education (typically 150 credit hours with at least a bachelor’s degree and a concentration in accounting), minimum experience levels (most states require at least one year of experience providing services that involve the use of accounting, attest, compilation, management advisory, 37 Alpha Wealth Strategies March 2025  financial advisory, tax or consulting skills, all of which must be achieved under the supervision of or verification by a CPA), and successful passage of the Uniform CPA Examination. In order to maintain a CPA license, states generally require the completion of 40 hours of continuing professional education (CPE) each year (or 80 hours over a two year period or 120 hours over a three year period). Additionally, all American Institute of Certified Public Accountants (AICPA) members are required to follow a rigorous Code of Professional Conduct which requires that they act with integrity, objectivity, due care, competence, fully disclose any conflicts of interest (and obtain client consent if a conflict exists), maintain client confidentiality, disclose to the client any commission or referral fees, and serve the public interest when providing financial services. In addition to the Code of Professional Conduct, AICPA members who provide personal financial planning services are required to follow the Statement on Standards in Personal Financial Planning Services (the Statement). Most state boards of accountancy define financial planning as the practice of public accounting and therefore have jurisdiction over CPAs practicing in this discipline; state boards would likely look to the Statement as the authoritative guidance in this practice area regardless of specific or blanket adoption of AICPA standards. Certified Financial Planner™ (CFP®) The Certified Financial Planner™, CFP® and federally registered CFP (with flame design) marks (collectively, the “CFP® marks”) are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”). The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. More than 62,000 individuals have obtained CFP® certification in the United States. To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following requirements:  Education – Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board’s studies have determined as necessary for the competent and professional delivery of financial planning services, and attain a Bachelor’s Degree from a regionally accredited United States college or university (or its equivalent from a foreign university). CFP Board’s financial planning subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning.  Examination – Pass the comprehensive CFP® Certification Examination. The examination, administered in 10 hours over a two-day period, includes case studies and client scenarios designed to test one’s ability to correctly diagnose financial planning issues and apply one’s knowledge of financial planning to real world circumstances. 38 Alpha Wealth Strategies March 2025   Experience – Complete at least three years of full-time financial planning-related experience (or the equivalent, measured as 2,000 hours per year). And,  Ethics – Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP® professionals. Individuals who become certified must complete the following ongoing education and ethics requirements in order to maintain the right to continue to use the CFP® marks:  Continuing Education – Complete 30 hours of continuing education hours every two years, including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain competence and keep up with developments in the financial planning field. And,  Ethics – Renew an agreement to be bound by the Standards of Professional Conduct. The Standards prominently require that CFP® professionals provide financial planning services at a fiduciary standard of care. This means CFP® professionals must provide financial planning services in the best interests of their clients. CFP® professionals who fail to comply with the above standards and requirements may be subject to CFP Board’s enforcement process, which could result in suspension or permanent revocation of their CFP® certification. Personal Financial Specialist (PFS) The PFS credential demonstrates that an individual has met the minimum education, experience and testing required of a CPA in addition to a minimum level of expertise in personal financial planning. To attain the PFS credential, a candidate must hold an unrevoked CPA license, certificate, or permit, none of which are in inactive status; fulfill 3,000 hours of personal financial planning business experience; complete 75 hours of personal financial planning CPE credits; pass a comprehensive financial planning exam and be an active member of the AICPA. A PFS credential holder is required to adhere to AICPA’s Code of Professional Conduct and the Statement on Standards in Personal Financial Planning Services, when providing personal financial planning services. To maintain their PFS credential, the recipient must complete 60 hours of financial planning CPE credits every three years. The PFS credential is administered through the AICPA. Chartered Financial Analyst™ (CFA®) The Chartered Financial Analyst™ (CFA®) charter is a professional designation established in 1962 and awarded by CFA Institute. To earn the CFA charter, candidates must pass three sequential, six-hour examinations. The three levels of the CFA Program test a wide range of investment topics, including ethical and professional standards, securities analysis, alternative and derivative investments, economic analysis and portfolio management, and wealth planning for individuals. In addition, CFA charterholders must have at least four years of acceptable professional experience in the investment decision-making process and must commit to abide by, and annually reaffirm, their adherence to the CFA Institute Code of Ethics and Standards of Professional Conduct. 39 Alpha Wealth Strategies March 2025  To learn more about the CFA charter, visit www.cfainstitute.org. Item 3: Disciplinary Information No legal or disciplinary events exist that you should be aware of in your evaluation of Clark M. Blackman III. Item 4: Other Business Activities Clark M. Blackman III does not engage in any reportable outside business activities. Mr. Blackman III does not receive commissions, bonuses or other compensation based on the sale of securities or other investment products. Item 5: Additional Compensation Mr. Blackman III does not receive economic benefits other than guaranteed payments and owner distributions for providing investment advisory and financial planning services through the firm. Item 6: Supervision Clark M. Blackman III is supervised by Clark M. Blackman II, the Managing Member and Chief Compliance Officer. All advice is continually reviewed by and meets the approval of the President and CCO of the firm. The name, title and telephone number of the person responsible for supervising Clark M. Blackman III’s advisory activities on behalf of our firm is as follows: Clark M. Blackman II, Supervisor, may be reached at 281.758.5252. 40 Alpha Wealth Strategies March 2025