FORM ADV2A/2B - SEC

F O R M A D V P A R T 2 A D I S C L O S U R E B R O C H U R E Office Address: 1405 Arrow Point Drive Suite 1004 Cedar Park, TX 78613 Tel: 737-271-9421 nicholas@ironoakwealth.com www.ironoakwealth.com OCTOBER 20, 2026 This brochure provides information about the qualifications and business practices of IronOak Wealth LLC. Being registered as a registered investment adviser does not imply a certain level of skill or training. If you have any questions about the contents of this brochure, please contact us at 737-271-9421. 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. IronOak Wealth LLC (CRD #306403) is available on the SEC’s Additional information about website at www.adviserinfo.sec.gov.  Item 2: Material Changes Annual Update Material Changes since the Last Update The Material Changes section of this brochure will be updated annually or when material changes occur since the previous release of the Firm Brochure. • Since the last filing on February 17, 2026, the following changes have been made: • Assets under management have been updated in Item 4. Full Brochure Available Sub-advisor fees have been updated in Item 5. This Firm Brochure being delivered is the complete brochure for the Firm.  Item 3: Table of Contents Form ADV – Part 2A – Firm Brochure Item 1: Cover Page Item 2: Material Changes .................................................................................................................... ii Annual Update ................................................................................................................................................................... ii Material Changes since the Last Update.................................................................................................................. ii Item 3: Table of Contents ................................................................................................................... iii Full Brochure Available .................................................................................................................................................. ii Item 4: Advisory Business .................................................................................................................. 1 Firm Description ............................................................................................................................................................... 1 Types of Advisory Services ........................................................................................................................................... 1 Client Tailored Services and Client Imposed Restrictions ............................................................................... 5 Wrap Fee Programs ......................................................................................................................................................... 5 Item 5: Fees and Compensation ....................................................................................................... 5 Client Assets Under Management .............................................................................................................................. 5 Method of Compensation and Fee Schedule .......................................................................................................... 5 Client Payment of Fees ................................................................................................................................................... 8 Additional Client Fees Charged ................................................................................................................................... 8 Prepayment of Client Fees ............................................................................................................................................ 8 Item 6: Performance-Based Fees and Side-by-Side Management ........................................ 9 External Compensation for the Sale of Securities to Clients ........................................................................... 8 Item 7: Types of Clients ....................................................................................................................... 9 Sharing of Capital Gains ................................................................................................................................................. 9 Description .......................................................................................................................................................................... 9 Item 8: Methods of Analysis, Investment Strategies and Risk of Loss ................................ 9 Account Minimums .......................................................................................................................................................... 9 Methods of Analysis ......................................................................................................................................................... 9 Investment Strategy ..................................................................................................................................................... 10 Item 9: Disciplinary Information ................................................................................................... 12 Security Specific Material Risks ............................................................................................................................... 10 Criminal or Civil Actions ............................................................................................................................................. 12 Administrative Enforcement Proceedings .......................................................................................................... 12  Item 10: Other Financial Industry Activities and Affiliations ............................................. 12 Self-Regulatory Organization Enforcement Proceedings ............................................................................. 12 Broker-Dealer or Representative Registration ................................................................................................. 12 Futures or Commodity Registration ...................................................................................................................... 12 Material Relationships Maintained by this Advisory Business and Conflicts of Interest ................ 12 Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Recommendations or Selections of Other Investment Advisors and Conflicts of Interest ............. 12 Trading ................................................................................................................................................... 13 Code of Ethics Description ......................................................................................................................................... 13 Investment Recommendations Involving a Material Financial Interest and Conflict of Interest. 14 Advisory Firm Purchase of Same Securities Recommended to Clients and Conflicts of Interest 14 Client Securities Recommendations or Trades and Concurrent Advisory Firm Securities Item 12: Brokerage Practices ......................................................................................................... 14 Transactions and Conflicts of Interest .................................................................................................................. 14 Factors Used to Select Broker-Dealers for Client Transactions ................................................................. 14 Item 13: Review of Accounts ........................................................................................................... 16 Aggregating Securities Transactions for Client Accounts ............................................................................. 15 Schedule for Periodic Review of Client Accounts or Financial Plans and Advisory Persons Involved ............................................................................................................................................................................. 16 Review of Client Accounts on Non-Periodic Basis ........................................................................................... 16 Item 14: Client Referrals and Other Compensation ................................................................ 16 Content of Client Provided Reports and Frequency ........................................................................................ 16 Economic Benefits Provided to the Advisory Firm from External Sources and Conflicts of Interest ............................................................................................................................................................................... 16 Item 15: Custody .................................................................................................................................. 16 Advisory Firm Payments for Client Referrals .................................................................................................... 16 Item 16: Investment Discretion ..................................................................................................... 17 Account Statements ...................................................................................................................................................... 16 Item 17: Voting Client Securities ................................................................................................... 17 Discretionary Authority for Trading...................................................................................................................... 17 Item 18: Financial Information ...................................................................................................... 17 Proxy Votes ...................................................................................................................................................................... 17 Balance Sheet .................................................................................................................................................................. 17  Financial Conditions Reasonably Likely to Impair Advisory Firm’s Ability to Meet Commitments to Clients ............................................................................................................................................................................ 17 Brochure Supplement (Part 2B of Form ADV) .......................................................................... 19 Bankruptcy Petitions during the Past Ten Years .............................................................................................. 17 Principal Executive Officer – Nicholas Munoz ................................................................................................... 19 Item 2 - Educational Background and Business Experience ....................................................................... 19 Item 3 - Disciplinary Information ........................................................................................................................... 19 Item 4 - Other Business Activities Engaged In ................................................................................................... 20 Item 5 - Additional Compensation .......................................................................................................................... 20 Item 6 - Supervision ..................................................................................................................................................... 21  Item 4: Advisory Business Firm Description Types of Advisory Services IronOak Wealth LLC dba IronOak Wealth (“IronOak”) was founded in 2017 and became a Registered Investment Advisor in 2020. Nicholas Munoz is 100% owner. ASSET MANAGEMENT IronOak offers discretionary asset management services to advisory Clients. IronOak will offer Clients ongoing asset management services through determining individual investment goals, time horizons, objectives, and risk tolerance. Investment strategies, investment selection, asset allocation, portfolio monitoring, and the overall investment program will be based on the above factors. The Client will authorize IronOak discretionary authority to execute selected investment program transactions as stated within the Investment Advisory Agreement. When deemed appropriate for the Client, IronOak may hire Sub-Advisors to manage all or a portion of the assets in the Client account. IronOak has full discretion to hire and fire Sub- Advisors as they deem suitable. Sub-Advisors will maintain the models or investment strategies agreed upon between Sub-Advisor and IronOak. Sub-Advisors execute trades on behalf of IronOak in Client accounts. IronOak will be responsible for the overall direct relationship with the Client. IronOak retains the authority to terminate the Sub-Advisor relationship at IronOak’s discretion. FINANCIAL PLANNING AND CONSULTING IronOak offers the following three (3) financial planning and consulting service options as Comprehensive Financial Plan outlined below: Financial planning services include a comprehensive evaluation of an investor's current and future financial state will be provided by using currently known variables to predict future cash flows, asset values and withdrawal plans. IronOak will use current net worth, tax liabilities, asset allocation, and future retirement and estate plans in developing financial plans. Financial goals Typical topics reviewed in a financial plan may include some or all of the following, but are not limited to: • Personal net worth statement : Based on an individual's or a family's clearly defined financial goals, including funding a college education for the children, buying a larger home, starting a business, investing in real estate or real estate equivalents, retiring on time or leaving a legacy. Financial goals should be quantified and set to milestones for tracking. : A snapshot of assets and liabilities serves as a • Cash flow analysis benchmark for measuring progress towards financial goals. : An income and spending plan determines how much can be set • Retirement strategy aside for debt repayment, savings and investing each month. • Comprehensive risk management plan : A strategy for achieving retirement independent of other financial priorities. Including a strategy for accumulating the required retirement capital and its planned lifetime distribution. • : Identify all risk exposures and provide the necessary coverage to protect the family and its assets against financial loss. The - 1 -  Long-term investment plan risk management plan includes a full review of life and disability insurance, personal liability coverage, property and casualty coverage, and catastrophic coverage. • for selecting, buying and selling Tax reduction strategy : Include a customized asset allocation strategy based on specific investment objectives and a risk profile. This investment plan sets guidelines investments and establishing benchmarks for performance review. • Estate preservation : Identify ways to minimize taxes on personal income to the extent permissible by the tax code. The strategy should include identification of tax- favored investment vehicles that can reduce taxation of investment income. • Coordination with outside advisors : Help update accounts, review beneficiaries for retirement accounts and life insurance, provide a second look at your current estate planning documents, and prompt you to update your plan when the legal environment changes or you have major life events such as a marriage, death, or births. • : Sharing the plan and coordinating with client’s advisors outside of IronOak. • • • • Comprehensive Financial Plan Update Services for a Comprehensive Financial Plan will include: Data gathering of information to compile the plan. Compilation of an initial draft of the plan and up to 8 revisions of the initial plan. Plan implementation guidance and assistance. Client access to the plan on the IronOak portal for 12 months after the financial planning agreement has been executed to be able to make changes without limitation after the initial final draft of the plan has been delivered. This service is available to Clients who have engaged in the Comprehensive Financial Plan service option outlined above. • • • • Ad Hoc Financial Planning Services Services for a Comprehensive Financial Plan update will include: Data gathering of information to update the plan. Compilation of an updated draft of the plan and up to 4 revisions of the updated plan. Additional plan implementation guidance and assistance. Client access to the updated plan on the IronOak portal for 12 months after the financial planning agreement has been executed to be able to make changes without limitation after the updated draft of the plan has been delivered. This service is appropriate for clients who need assistance with individual topics. This is not a detailed financial review and will not provide/result in a complete financial plan. Client may select individual topics outlined above, or other topics as may be deemed appropriate. The individual topics that will be included in this service will be outlined and agreed upon on the financial planning and consulting agreement. If a conflict of interest exists between the interests of IronOak and the interests of the Client, the Client is under no obligation to act upon IronOak’s recommendation. If the Client elects to act on any of the recommendations, the Client is under no obligation to affect the transaction through IronOak. Financial plans/recommendations will be completed and delivered inside of ninety (90) days contingent upon timely delivery of all required documentation. - 2 -  ERISA PLAN SERVICES IronOak provides service to qualified retirement plans including 401(k) plans, 403(b) plans, pension and profit-sharing plans, cash balance plans, and deferred compensation Limited Scope ERISA 3(21) Fiduciary. plans. IronOak may act as either a 3(21) or 3(38) advisor: IronOak may serve as a limited scope ERISA 3(21) fiduciary that can advise, help and assist plan sponsors with their investment decisions. As an investment advisor IronOak has a fiduciary duty to act in the best interest of the Client. The plan sponsor is still ultimately responsible for the decisions made in their plan, though using IronOak can help the plan sponsor delegate liability by following a diligent process. 1. • Fiduciary Services are: • Provide investment advice to the Client about asset classes and investment alternatives available for the Plan in accordance with the Plan’s investment policies and objectives. Client will make the final decision regarding the initial selection, retention, removal and addition of investment options. IronOak acknowledges that it is a fiduciary as defined in ERISA section 3 (21) (A) (ii). • Assist the Client in the development of an investment policy statement (“IPS”). The IPS establishes the investment policies and objectives for the Plan. Client shall have the ultimate responsibility and authority to establish such policies and objectives and to adopt and amend the IPS. • Provide investment advice to the Plan Sponsor with respect to the selection of a qualified default investment alternative for participants who are automatically enrolled in the Plan or who have otherwise failed to make investment elections. The Client retains the sole responsibility to provide all notices to the Plan participants required under ERISA Section 404(c) (5) and 404(a)-5. • Assist in monitoring investment options by preparing periodic investment reports that document investment performance, consistency of fund management and conformance to the guidelines set forth in the IPS and make recommendations to maintain, remove or replace investment options. Meet with Client on a periodic basis to discuss the reports and the investment recommendations. 2. • Non-fiduciary Services are: • Assist in the education of Plan participants about general investment information and the investment alternatives available to them under the Plan. Client understands IronOak’s assistance in education of the Plan participants shall be consistent with and within the scope of the Department of Labor’s definition of investment education (Department of Labor Interpretive Bulletin 96-1). As such, IronOak is not providing fiduciary advice as defined by ERISA 3(21)(A)(ii) to the Plan participants. IronOak will not provide investment advice concerning the prudence of any investment option or combination of investment options for a particular participant or beneficiary under the Plan. Assist in the group enrollment meetings designed to increase retirement plan participation among the employees and investment and financial understanding by the employees. - 3 -  IronOak may provide these services or, alternatively, may arrange for the Plan’s other providers to offer these services, as agreed upon between IronOak and Client. 3. IronOak has no responsibility to provide services related to the following types of • assets (“Excluded Assets”): • • • • • • not Employer securities; Real estate (except for real estate funds or publicly traded REITs); Stock brokerage accounts or mutual fund windows; Participant loans; Non-publicly traded partnership interests; Other non-publicly traded securities or property (other than collective trusts and similar vehicles); or Other hard-to-value or illiquid securities or property. Excluded Assets will be included in calculation of Fees paid to IronOak on the ERISA Agreement. Specific services will be outlined in detail to each plan in the 408(b)2 disclosure. ERISA 3(38) Investment Manager. IronOak can also act as an ERISA 3(38) Investment Manager in which it has discretionary management and control of a given retirement plan’s assets. IronOak would then become solely responsible and liable for the selection, monitoring and replacement of the plan’s investment options. 1. • Fiduciary Services are: • IronOak has discretionary authority and will make the final decision regarding the initial selection, retention, removal and addition of investment options in accordance with the Plan’s investment policies and objectives. • Assist the Client with the selection of a broad range of investment options consistent with ERISA Section 404(c) and the regulations thereunder. • Assist the Client in the development of an investment policy statement (“IPS”). The IPS establishes the investment policies and objectives for the Plan. Provide discretionary investment advice to the Plan Sponsor with respect to the selection of a qualified default investment alternative for participants who are automatically enrolled in the Plan or who have otherwise failed to make investment elections. The Client retains the sole responsibility to provide all notices to the Plan participants required under ERISA Section 404(c) (5). 2. • Non-fiduciary Services are: Assist in the education of Plan participants about general investment information and the investment alternatives available to them under the Plan. Client understands the IronOak’s assistance in education of the Plan participants shall be consistent with and within the scope of the Department of Labor’s definition of investment education (Department of Labor Interpretive Bulletin 96-1). As such, the IronOak is not providing fiduciary advice as defined by ERISA to the Plan participants. IronOak will not provide investment advice concerning the prudence of any investment option or combination of investment options for a particular participant or beneficiary under the Plan. - 4 -  • Assist in the group enrollment meetings designed to increase retirement plan participation among the employees and investment and financial understanding by the employees. IronOak may provide these services or, alternatively, may arrange for the Plan’s other providers to offer these services, as agreed upon between IronOak and Client. 3. IronOak has no responsibility to provide services related to the following types of • assets (“Excluded Assets”): • • • • • • not Employer securities; Real estate (except for real estate funds or publicly traded REITs); Stock brokerage accounts or mutual fund windows; Participant loans; Non-publicly traded partnership interests; Other non-publicly traded securities or property (other than collective trusts and similar vehicles); or Other hard-to-value or illiquid securities or property. Client Tailored Services and Client Imposed Restrictions Excluded Assets will be included in calculation of Fees paid to the Adviser on the ERISA Agreement. Specific services will be outlined in detail to each plan in the 408(b)2 disclosure. The goals and objectives for each Client are documented in our Client files. Investment strategies are created that reflect the stated goals and objectives. Clients may impose restrictions on investing in certain securities or types of securities. Wrap Fee Programs Agreements may not be assigned without written Client consent. Client Assets Under Management IronOak does not sponsor any wrap fee programs. IronOak has the following assets under management: Discretionary Amounts: Non-discretionary Amounts: $132,602,952 $0 Date Calculated: October 14, 2026 Additionally IronOak has $20,000,000 in assets under advisement. Item 5: Fees and Compensation Method of Compensation and Fee Schedule ASSET MANAGEMENT IronOak offers discretionary direct asset management services to advisory Clients. IronOak charges an annual investment advisory fee based on the total assets under management as follows: Assets Under Management Up to $500,000 The next $500,001 - $1,000,000 The next $1,000,001 - $5,000,000 Over $5,000,000 Annual Fee 2.00% 1.65% 1.00% 0.65% Monthly Fee 0.1667% 0.1375% 0.0833% 0.0542% - 5 -  This is a blended fee schedule; the asset management fee is calculated by applying different rates to different portions of the portfolio. IronOak may group certain related Client accounts for the purposes of achieving the minimum account size and determining the annualized fee. The annual fee may be negotiable. Accounts within the same household may be combined for a reduced fee. Fees are billed monthly in arrears based on an average daily balance of the account for the previous month. The calculation for the average daily balance is based on the formula (A/D) x (F). A = the sum of the daily balances in the billing period D = number of days in the billing period For example (based on monthly billing period) F = monthly management fee : the first step taken using the average- daily-balance calculation method would be to take the average of the values of the Client’s account over the course of the entire month. For instance 25 days at $1 million plus six days at $500,000 averages out to approximately $903,225.80. This account would be charged $1,387.93 for the month. Monthly Fee AUM First $500,000 x .1667 = Next $403,225.80 x .1375 = Grand total for the month Total $833.50 $554.43 $1,387.93 Lower fees for comparable services may be available from other sources. Clients may terminate their account within five (5) business days of signing the Investment Advisory Agreement with no obligation and without penalty. Clients may terminate advisory services with thirty (30) days written notice. For accounts opened or closed mid-billing period, fees will be prorated based on the number of days services are provided during the given period. All unpaid earned fees will be due to IronOak. Client shall be given thirty (30) days prior written notice of any increase in fees. Any increase in fees will be acknowledged in writing by both parties before any increase in said fees occurs. SUB-ADVISOR SERVICES IronOak may utilize the services of a Sub-Advisor to manage Clients’ investment portfolios. IronOak will enter into agreements with other registered investment adviser firms to provide these services. When a Sub-Advisor is engaged, the Client may incur additional sub-advisory and platform fees. Sub-Advisor fees are deducted directly from the Client’s account and may be deducted on a different schedule than IronOak’s advisory fees, including quarterly in advance. Annual fees charged by a Sub-Advisor will not exceed 2.0%. The applicable Sub-Advisor fees and the fee deduction schedule will be disclosed in the Investment Advisory Agreement. FINANCIAL PLANNING AND CONSULTING IronOak charges either on an hourly or a fixed fee basis depending on the financial planning service selected. The financial planning fee is based on complexity and unique Comprehensive Financial Plan Client needs. The fee for a Comprehensive Financial Plan is $12,500. This fee is non-negotiable. There may be an additional fee imposed if revisions exceed the additional 8 revisions quoted. - 6 -  IronOak will provide notice to Client in advance of the anticipated additional fees and have Client execute a new financial planning agreement with the additional charges outlined. Fees for a comprehensive financial plan will be billed on a quarterly basis in advance with the initial payment due upon commencement of the financial planning agreement. The initial plan will be delivered inside of ninety (90) days contingent upon timely delivery of all required documentation. Client may cancel within five (5) business days of signing Agreement with no obligation and without penalty. If the Client cancels after five (5) business days, any unearned fees will be refunded to the Client, or any unpaid earned fees will be due to IronOak. If a Client cancels mid-billing period, the refund will be calculated Comprehensive Financial Plan Update based on the number of hours spent during the quarter at the firm’s hourly rate of $150. The fee for a Comprehensive Financial Plan Update will be charged at an hourly fee of $150 based on the complexity and unique Client needs. Prior to the planning process the Client will be provided with an estimated plan fee. Fees for this service will be billed 50% at the commencement of the financial planning agreement with the balance due upon plan delivery. The updated plan will be delivered inside of ninety (90) days contingent upon timely delivery of all required documentation. Client may cancel within five (5) business days of signing Agreement with no obligation and without penalty. If the Client cancels after five (5) business days, any unearned fees will be refunded to the Client, or any unpaid earned fees will be due to IronOak. All refunds will be calculated based on the number of hours Ad Hoc Financial Planning Services spent at the firm’s hourly rate of $150. IronOak charges an hourly fee of $150 based on complexity and unique Client needs for ad hoc financial planning services. Prior to the planning process the Client will be provided an estimated plan fee. Fees for this service will be billed 50% at the commencement of the financial planning agreement with the balance due upon delivery of plan or recommendations. The plan or recommendations will be delivered inside of ninety (90) days contingent upon timely delivery of all required documentation. Client may cancel within five (5) business days of signing Agreement with no obligation and without penalty. If the Client cancels after five (5) business days, any unearned fees will be refunded to the Client, or any unpaid earned fees will be due to IronOak. All refunds will be calculated based on the number of hours spent at the firm’s hourly rate of $150. ERISA PLAN SERVICES The annual fees are based on the market value of the Included Assets and will not exceed 1%. The annual fee is negotiable and may be charged as a percentage of the Included Assets or as a flat fee. Fees may be charged quarterly or monthly in arrears or in advance based on the assets as calculated by the custodian or record keeper of the Included Assets (without adjustments for anticipated withdrawals by Plan participants or other anticipated or scheduled transfers or distribution of assets). If the services to be provided start any time other than the first day of a quarter or month, the fee will be prorated based on the number of days remaining in the quarter or month. If this Agreement is terminated prior to the end of the billing cycle, IronOak shall be entitled to a prorated fee based on the number of days during the fee period services were provided or Client will be due a prorated refund of fees for days services were not provided in the billing cycle. - 7 -  Client Payment of Fees The fee schedule, which includes compensation of IronOak for the services is described in detail in Schedule A of the ERISA Plan Agreement. The Plan is obligated to pay the fees; however, the Plan Sponsor may elect to pay the fees. Client may elect to be billed directly or have fees deducted from Plan Assets. IronOak does not reasonably expect to receive any additional compensation, directly or indirectly, for its services under this Agreement. If additional compensation is received, IronOak will disclose this compensation, the services rendered, and the payer of compensation. IronOak will offset the compensation against the fees agreed upon under the Agreement. Investment management fees are billed monthly in arrears. Fees are usually deducted from a designated Client account by the custodian to facilitate billing upon receipt of invoice. The Client must consent in advance to direct debiting of their investment account. IronOak, in its sole discretion, may charge a lesser investment advisory fee based upon certain criteria (e.g., historical relationship, type of assets, anticipated future earning capacity, anticipated future additional assets, dollar amounts of assets to be managed, related accounts, account composition, negotiations with Clients, etc.). • Fees for financial plans will be billed: • Check – to be remitted by Client to IronOak. • Deducted from a non-qualified account managed by IronOak. The Client must consent in advance to direct debiting of their investment account. Electronic Payment via ACH, Debit Card, or Credit Card (fees will be paid via a third party payment processor in which the client will securely input payment information and pay the advisory fee through a secure portal. IronOak will not have continuous access to the Client’s banking information.) Additional Client Fees Charged Fees for ERISA services will either be deducted from Plan assets or paid directly to IronOak. The Client must consent in advance to direct debiting of their investment account. Custodians may charge transaction fees on purchases or sales of certain mutual funds, equities, and exchange-traded funds. These charges may include mutual fund transaction fees, postage and handling, and miscellaneous fees. Prepayment of Client Fees For more details on the brokerage practices, see Item 12 of this brochure. IronOak does not require any prepayment of fees of more than $1,200 per Client and six months or more in advance. Fees for financial plans are billed either quarterly in advance or 50% in advance with the balance due upon plan delivery depending on the service selected. Fees for ERISA 3(21) and/or 3(38) services may be billed in advance. External Compensation for the Sale of Securities to Clients If the Client cancels after five (5) business days, any unearned fees will be refunded to the Client, or any unpaid earned fees will be due to IronOak. Investment Advisor Representatives of IronOak receive external compensation sales of investment-related products such as insurance as licensed insurance agents. From time to - 8 -  time, they will offer clients services from those activities. Less than 5% of Mr. Munoz’s compensation is from external compensation. This represents a conflict of interest because it gives an incentive to recommend products based on the commission received. As an insurance agent, they do not charge advisory fees for the services offered through insurance carriers. This conflict is mitigated by disclosures, procedures, and the firm’s fiduciary obligation to place the best interest of the Client first and Clients are not required to purchase any products or services. Clients have the option to purchase these products through another insurance agent of their choosing. Item 6: Performance-Based Fees and Side-by-Side Management Sharing of Capital Gains Fees are not based on a share of the capital gains or capital appreciation of managed securities. IronOak does not use a performance-based fee structure because of the conflict of interest. Performance-based compensation may create an incentive for IronOak to recommend an investment that may carry a higher degree of risk to the Client. Item 7: Types of Clients Description IronOak generally provides investment advice to individuals, high net worth individuals, trusts, estates, or charitable organizations, corporations or business entities. Account Minimums Client relationships vary in scope and length of service. IronOak does not require a minimum to open an account. Item 8: Methods of Analysis, Investment Strategies and Risk of Loss Methods of Analysis Security analysis methods may include fundamental analysis, technical analysis, charting, and cyclical analysis. Investing in securities involves risk of loss that Clients should be prepared to bear. Past performance is not a guarantee of future returns. Fundamental analysis concentrates on factors that determine a company’s value and expected future earnings. This strategy would normally encourage equity purchases in stocks that are undervalued or priced below their perceived value. The risk assumed is that the market will fail to reach expectations of perceived value. Technical analysis attempts to predict a future stock price or direction based on market trends. The assumption is that the market follows discernible patterns and if these patterns can be identified then a prediction can be made. The risk is that markets do not always follow patterns and relying solely on this method may not take into account new patterns that emerge over time. Charting analysis strategy involves using and comparing various charts to predict long and short-term performance or market trends. The risk involved in using this method is that only past performance data is considered without using other methods to crosscheck data. Using charting analysis without other methods of analysis would be making the assumption that past performance will be indicative of future performance. This may not be the case. - 9 -  Cyclical analysis assumes that the markets react in cyclical patterns which, once identified, can be leveraged to provide performance. The risks with this strategy are twofold: 1) the markets do not always repeat cyclical patterns; and 2) if too many investors begin to implement this strategy, then it changes the very cycles these investors are trying to exploit. In developing a financial plan for a Client, IronOak’s analysis may include cash flow analysis, investment planning, risk management, tax planning, and estate planning. Based on the information gathered, a detailed strategy is tailored to the Client’s specific situation. The main sources of information include financial newspapers and magazines, annual reports, prospectuses, and filings with the Securities and Exchange Commission. Investment Strategy The investment strategy for a specific Client is based upon the objectives stated by the Client during consultations. The Client may change these objectives at any time by providing written notice to IronOak. Each Client executes a Client profile form or similar form that documents their objectives and their desired investment strategy. Security Specific Material Risks Other strategies may include long-term purchases. • Market Risk All investment programs have certain risks that are borne by the investor. Our investment approach constantly keeps the risk of loss in mind. Investors face the following investment risks and should discuss these risks with IronOak: • : The prices of securities held by mutual funds in which Clients invest may decline in response to certain events taking place around the world, including those directly involving the companies whose securities are owned by a fund; conditions affecting the general economy; overall market changes; local, regional or global political, social or economic instability; and currency, interest rate and commodity price fluctuations. Investors should have a long-term perspective and be Interest-rate Risk able to tolerate potentially sharp declines in market value. • : Fluctuations in interest rates may cause investment prices to fluctuate. For example, when interest rates rise, yields on existing bonds become Inflation Risk less attractive, causing their market values to decline. • Currency Risk : When any type of inflation is present, a dollar today will buy more than a dollar next year, because purchasing power is eroding at the rate of inflation. • Reinvestment Risk : Overseas investments are subject to fluctuations in the value of the dollar against the currency of the investment’s originating country. This is also referred to as exchange rate risk. • Liquidity Risk : This is the risk that future proceeds from investments may have to be reinvested at a potentially lower rate of return (i.e. interest rate). This primarily relates to fixed income securities. : Liquidity is the ability to readily convert an investment into cash. Generally, assets are more liquid if many traders are interested in a standardized product. For example, Treasury Bills are highly liquid, while real estate properties are not. - 10 -  • Management Risk: • Equity Risk: The advisor’s investment approach may fail to produce the intended results. If the advisor’s assumptions regarding the performance of a specific asset class or fund are not realized in the expected time frame, the overall performance of the Client’s portfolio may suffer. • Fixed Income Risk: Equity securities tend to be more volatile than other investment choices. The value of an individual mutual fund or ETF can be more volatile than the market as a whole. This volatility affects the value of the Client’s overall portfolio. Small- and mid-cap companies are subject to additional risks. Smaller companies may experience greater volatility, higher failure rates, more limited markets, product lines, financial resources, and less management experience than larger companies. lower trading volume, which may Smaller companies may also have a disproportionately affect their market price, tending to make them fall more in response to selling pressure than is the case with larger companies. • The issuer of a fixed income security may not be able to make interest and principal payments when due. Generally, the lower the credit rating of a security, the greater the risk that the issuer will default on its obligation. If a rating agency gives a debt security a lower rating, the value of the debt security will decline because investors will demand a higher rate of return. As nominal interest rates rise, the value of fixed income securities held by a fund is likely to decrease. A Investment Companies Risk: nominal interest rate is the sum of a real interest rate and an expected inflation rate. • Foreign Securities Risk: When a Client invests in open-end mutual funds or ETFs, the Client indirectly bears their proportionate share of any fees and expenses payable directly by those funds. Therefore, the Client will incur higher expenses, which may be duplicative. In addition, the Client’s overall portfolio may be affected by losses of an underlying fund and the level of risk arising from the investment practices of an underlying fund (such as the use of derivatives). ETFs are also subject to the following risks: (i) an ETF’s shares may trade at a market price that is above or below their net asset value or (ii) trading of an ETF’s shares may be halted if the listing exchange’s officials deem such action appropriate, the shares are de- listed from the exchange, or the activation of market-wide “circuit breakers” (which are tied to large decreases in stock prices) halts stock trading generally. Adviser has no control over the risks taken by the underlying funds in which Client invests. • Long-term purchases Funds in which Clients invest may invest in foreign securities. Foreign securities are subject to additional risks not typically associated with investments in domestic securities. These risks may include, among others, currency risk, country risks (political, diplomatic, regional conflicts, terrorism, war, social and economic instability, currency devaluations and policies that have the effect of limiting or restricting foreign investment or the movement of assets), different trading practices, less government supervision, less publicly available information, limited trading markets and greater volatility. To the extent that underlying funds invest in issuers located in emerging markets, the risk may be heightened by political changes, changes in taxation, or currency controls that could adversely affect the values of these investments. Emerging markets have been more volatile than the markets of developed countries with more mature economies. : Long-term investments are those vehicles purchased with the intension of being held for more than one year. Typically, the expectation of the - 11 -  • Trading risk investment is to increase in value so that it can eventually be sold for a profit. In addition, there may be an expectation for the investment to provide income. One of the biggest risks associated with long-term investments is volatility, the fluctuations in the financial markets that can cause investments to lose value. : Investing involves risk, including possible loss of principal. There is no assurance that the investment objective of any fund or investment will be achieved. • The risks associated with utilizing Sub-Advisors include: o Manager Risk • Sub-Advisor fails to execute the stated investment strategy o Business Risk • Sub-Advisor has financial or regulatory problems The specific risks associated with the portfolios of the Sub-Advisor’s which is disclosed in the Sub-Advisor’s Form ADV Part 2. Item 9: Disciplinary Information Criminal or Civil Actions Administrative Enforcement Proceedings IronOak and its management have not been involved in any criminal or civil action. Self-Regulatory Organization Enforcement Proceedings IronOak and its management have not been involved in administrative enforcement proceedings. IronOak and its management have not been involved in legal or disciplinary events that are material to a Client’s or prospective Client’s evaluation of IronOak or the integrity of its management. Item 10: Other Financial Industry Activities and Affiliations Broker-Dealer or Representative Registration Futures or Commodity Registration IronOak is not registered as a broker- dealer and no affiliated representatives of IronOak are registered representatives of a broker-dealer. Material Relationships Maintained by this Advisory Business and Conflicts of Interest Neither IronOak nor its affiliated representatives are registered or have an application pending to register as a futures commission merchant, commodity pool operator, or a commodity trading advisor. Mr. Munoz has a financial affiliated business as an insurance agent with IronOak Insurance. Less than 5% of his time is spent on this activity. He will offer Clients services from this activity. As an insurance agent he may receive separate yet typical compensation. This practice represents a conflict of interest because it gives an incentive to recommend products based on the commission received. This conflict is mitigated by disclosures, procedures and the firm’s fiduciary obligation to place the best interest of the Client first and the Clients are not required to purchase any products or services. Clients have the Recommendations or Selections of Other Investment Advisors and Conflicts of Interest option to purchase products or services through another insurance agent of their choosing. IronOak may also utilize the services of a Sub-Advisor to manage Clients’ investment portfolios. Sub-Advisors will maintain the models or investment strategies agreed upon - 12 -  between Sub-Advisor and IronOak. Sub-Advisors execute all trades on behalf of IronOak in Client accounts. IronOak will be responsible for the overall direct relationship with the Client. IronOak retains the authority to terminate the Sub-Advisor relationship at IronOak’s discretion. IronOak ensures that before selecting other advisors for Client that the other advisors are properly licensed or registered as an investment advisor. In addition to the authority granted to IronOak under the Agreement, Client will grant IronOak full discretionary authority and authorizes IronOak to select and appoint one or more independent investment advisors (“Advisors”) to provide investment advisory services to Client without prior consultation with or the prior consent of Client. Such Advisors shall have all of the same authority relating to the management of Client’s investment accounts as is granted to IronOak in the Agreement. In addition, at IronOak’s discretion, IronOak may grant such Advisors full authority to further delegate such discretionary investment authority to additional Advisors. Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Code of Ethics Description include employees and/or independent The affiliated persons (affiliated persons contractors) of IronOak have committed to a Code of Ethics (“Code”). The purpose of our Code is to set forth standards of conduct expected of IronOak affiliated persons and addresses conflicts that may arise. The Code defines acceptable behavior for affiliated persons of IronOak. The Code reflects IronOak and its supervised persons’ responsibility to act in the best interest of their Client. One area which the Code addresses is when affiliated persons buy or sell securities for their personal accounts and how to mitigate any conflict of interest with our Clients. We do not allow any affiliated persons to use non-public material information for their personal profit or to use internal research for their personal benefit in conflict with the benefit to our Clients. IronOak’s policy prohibits any person from acting upon or otherwise misusing non-public or inside information. No advisory representative or other affiliated person, officer or director of IronOak may recommend any transaction in a security or its derivative to advisory Clients or engage in personal securities transactions for a security or its derivatives if the advisory representative possesses material, non-public information regarding the security. IronOak’s Code is based on the guiding principle that the interests of the Client are our top priority. IronOak’s officers, directors, advisors, and other affiliated persons have a fiduciary duty to our Clients and must diligently perform that duty to maintain the complete trust and confidence of our Clients. When a conflict arises, it is our obligation to put the Client’s interests over the interests of either affiliated persons or the company. The Code applies to “access” persons. “Access” persons are affiliated persons who have access to non-public information regarding any Clients' purchase or sale of securities, or non-public information regarding the portfolio holdings of any reportable fund, who are involved in making securities recommendations to Clients, or who have access to such recommendations that are non-public. IronOak will provide a copy of the Code of Ethics to any Client or prospective Client upon request. - 13 -  Investment Recommendations Involving a Material Financial Interest and Conflict of Interest IronOak and its affiliated persons do not recommend to Clients securities in which we have a material financial interest. Advisory Firm Purchase of Same Securities Recommended to Clients and Conflicts of Interest IronOak and its affiliated persons may buy or sell securities that are also held by Clients. In order to mitigate conflicts of interest such as trading ahead of Client transactions, affiliated persons are required to disclose all reportable securities transactions as well as provide IronOak with copies of their brokerage statements. The Chief Compliance Officer of IronOak is Nicholas Munoz . He reviews all trades of the affiliated persons each quarter. The personal trading reviews ensure that the personal trading of affiliated persons does not affect the markets and that Clients of the firm receive preferential treatment over associated persons’ transactions. Client Securities Recommendations or Trades and Concurrent Advisory Firm Securities Transactions and Conflicts of Interest IronOak does not maintain a firm proprietary trading account and does not have a material financial interest in any securities being recommended and therefore no conflicts of interest exist. However, affiliated persons may buy or sell securities at the same time they buy or sell securities for Clients. In order to mitigate conflicts of interest such as front running, affiliated persons are required to disclose all reportable securities transactions as well as provide IronOak with copies of their brokerage statements. The Chief Compliance Officer of IronOak is Nicholas Munoz . He reviews all employee trades each quarter. The personal trading reviews ensure that the personal trading of affiliated persons does not affect the markets and that Clients of the firm receive preferential treatment over associated persons’ transactions. Item 12: Brokerage Practices Factors Used to Select Broker-Dealers for Client Transactions IronOak will recommend the use of a particular broker-dealer based on their duty to seek best execution for the client, meaning they have an obligation to obtain the most favorable terms for a client under the circumstances. The determination of what may constitute best execution and price in the execution of a securities transaction by a broker involves a number of considerations and is subjective. Factors affecting brokerage selection include the overall direct net economic result to the portfolios, the efficiency with which the transaction is affected, the ability to effect the transaction where a large block is involved, the operational facilities of the broker-dealer, the value of an ongoing relationship with such broker and the financial strength and stability of the broker. IronOak will select appropriate brokers based on a number of factors including but not limited to their relatively low transaction fees and reporting ability. IronOak relies on its broker to provide its execution services at the best prices available. Lower fees for comparable services may be available from other sources. Clients pay for any and all custodial fees in addition to the advisory fee charged by IronOak. IronOak does not receive any portion of the trading fees. - 14 -  • Directed Brokerage IronOak will recommend the use of Charles Schwab & Co., Inc, • Best Execution In circumstances where a Client directs IronOak to use a certain broker-dealer, IronOak still has a fiduciary duty to its Clients. The following may apply with Directed Brokerage: IronOak's inability to negotiate commissions, to obtain volume discounts, there may be a disparity in commission charges among Clients and conflicts of interest arising from brokerage firm referrals. The firm may be unable to achieve most favorable execution of client transactions, and this practice may cost clients more money. • Soft Dollar Arrangements Investment advisors who manage or supervise Client portfolios have a fiduciary obligation of best execution. The determination of what may constitute best execution and price in the execution of a securities transaction by a broker involves a number of considerations and is subjective. Factors affecting brokerage selection include the overall direct net economic result to the portfolios, the efficiency with which the transaction is effected, the ability to affect the transaction where a large block is involved, the operational facilities of the broker-dealer, the value of an ongoing relationship with such broker and the financial strength and stability of the broker. The firm does not receive any portion of the trading fees. The Securities and Exchange Commission defines soft dollar practices as arrangement under which products or services other than execution services are obtained by IronOak from or through a broker-dealer in exchange for directing Client transactions to the broker-dealer. As permitted by Section 28(e) of the Securities Exchange Act of 1934, IronOak receives economic benefits as a result of commissions generated from securities transactions by the broker-dealer from the accounts of IronOak. These benefits include both proprietary research from the broker and other research written by third parties. A conflict of interest exists when IronOak receives soft dollars. This conflict is mitigated by the fact that IronOak has a fiduciary responsibility to act in the best interest of its Clients and the services received are beneficial to all Clients. • Brokerage for Client Referrals IronOak utilizes the services of custodial broker dealers. Economic benefits are received by IronOak which would not be received if IronOak did not give investment advice to Clients. These benefits include: A dedicated trading desk, a dedicated service group and an account services manager dedicated to IronOak's accounts, ability to conduct "block" Client trades, electronic download of trades, balances and positions, duplicate and batched Client statements, and the ability to have advisory fees directly deducted from Client accounts. Aggregating Securities Transactions for Client Accounts IronOak does not receive client referrals from any custodian or third party in exchange for using that broker-dealer or third party. IronOak is authorized in its discretion to aggregate purchases and sales and other transactions made for the account with purchases and sales and transactions in the same securities for other Clients of IronOak. All Clients participating in the aggregated order shall receive an average share price with all other transaction costs shared on a pro-rated basis. - 15 -  Item 13: Review of Accounts Schedule for Periodic Review of Client Accounts or Financial Plans and Advisory Persons Involved Account reviews are performed quarterly by the Chief Compliance Officer of IronOak. Account reviews are performed more frequently when market conditions dictate. Reviews of Client accounts include, but are not limited to, a review of Client documented risk tolerance, ensuring accounts are aligned with risk tolerance and goals, review target bans of each asset class to identify if there is an opportunity for rebalancing and review accounts at least once a year for tax loss harvesting opportunities. Review of Client Accounts on Non-Periodic Basis Financial plans generated are updated as requested by the Client and pursuant to a new or amended agreement, IronOak suggests updating at least annually. Content of Client Provided Reports and Frequency Other conditions that may trigger a review of Clients’ accounts are changes in the tax laws, new investment information, and changes in a Client's own situation. Clients receive written account statements no less than monthly for managed accounts. Account statements are issued by IronOak’s custodian. Client receives confirmations of each transaction in account from Custodian and an additional statement during any month in which a transaction occurs. Item 14: Client Referrals and Other Compensation Economic Benefits Provided to the Advisory Firm from External Sources and Conflicts of Interest IronOak receives additional economic benefits from external sources as described above in Item 12. IronOak receives a portion of the annual management fees collected by the TPM(s) to whom IronOak refers Clients. Advisory Firm Payments for Client Referrals This situation creates a conflict of interest because IronOak and/or its Investment Advisor Representative have an incentive to decide what TPMs to use because of the higher referral fees to be received by IronOak. However, when referring Clients to a TPM, the Client’s best interest will be the main determining factor of IronOak. IronOak does not compensate for Client referrals. Item 15: Custody Account Statements All assets are held at qualified custodians, which means the custodians provide account statements directly to Clients at their address of record at least quarterly. Clients are urged to compare the account statements received directly from their custodians to any documentation or reports prepared by IronOak. IronOak is deemed to have limited custody solely because advisory fees are directly deducted from Client’s accounts by the custodian on behalf of IronOak. - 16 -  Item 16: Investment Discretion Discretionary Authority for Trading IronOak requires discretionary authority to manage securities accounts on behalf of Clients. IronOak has the authority to determine, without obtaining specific Client consent, the securities to be bought or sold, and the amount of the securities to be bought or sold. IronOak allows Client’s to place certain restrictions, as outlined in the Client’s Investment Policy Statement or similar document. Such restrictions could include only allowing purchases of socially conscious investments. These restrictions must be provided to IronOak in writing. The Client approves the custodian to be used and the commission rates paid to the custodian. IronOak does not receive any portion of the transaction fees or commissions paid by the Client to the custodian. Item 17: Voting Client Securities Proxy Votes IronOak does not vote proxies on securities. Clients are expected to vote their own proxies. The Client will receive their proxies directly from the custodian of their account or from a transfer agent. When assistance on voting proxies is requested, IronOak will provide recommendations to the Client. If a conflict of interest exists, it will be disclosed to the Client. Item 18: Financial Information Balance Sheet A balance sheet is not required to be provided because IronOak does not serve as a custodian for Client funds or securities and IronOak does not require prepayment of fees of more than $1,200 per Client and six months or more in advance. Financial Conditions Reasonably Likely to Impair Advisory Firm’s Ability to Meet Commitments to Clients Bankruptcy Petitions during the Past Ten Years IronOak has no condition that is reasonably likely to impair our ability to meet contractual commitments to our Clients. IronOak has not had any bankruptcy petitions in the last ten years. - 17 -  S U P E R V I S E D P E R S O N B R O C H U R E Item 1 Cover Page F O R M A D V P A R T 2 B Nicholas A. Munoz Office Address: 1405 Arrow Point Drive Suite 1004 Cedar Park, TX 78613 Tel: 737-271-9421 Website: nicholas@ironoakwealth.com www.ironoakwealth.com OCTOBER 20, 2026 This brochure supplement provides information about Nicholas Munoz and supplements the IronOak Wealth LLC brochure. You should have received a copy of that brochure. Please contact Nicholas Munoz if you did not receive the brochure or if you have any questions about the contents of this supplement. Additional information about Nicholas Munoz (CRD #4347630) is available on the SEC’s website at www.adviserinfo.sec.gov. - 18 -  Brochure Supplement (Part 2B of Form ADV) Supervised Person Brochure Principal Executive Officer – Nicholas Munoz • Item 2 - Educational Background and Business Experience Year of birth: 1977 • Educational Background: Texas A & M University; Bachelor of Arts – International Studies; 2000 • Business Experience: • IronOak Wealth LLC; Investment Advisor Representative; 11/2019 -Present • IronOak Wealth LLC; Managing Member; 12/2017-Present • IronOak Partners, LLC; Insurance Agent; 11/2019-Present • Stonewater Wealth Management, LLC; Investment Advisor Representative; 01/2018- 05/2020 • Erben Associates, LLC; Investment Advisor Representative; 11/2017–01/2018 • M Holdings Securities, Inc.; Registered Representative; 09/2017-12/2017 • Triad Advisors, Inc.; Registered Representative; 02/2017-10/2017 • Resources Investment Advisors; Investment Advisor Representative; 04/2016- 10/2017 • Wells Fargo Advisors, LLC; Investment Advisor Representative/Registered Representative; 01/2015-04/2016 • Investment Professionals, Inc.; Investment Advisor Representative/Registered Representative; 06/2014 – 02/2015 • Park Avenue Securities LLC; Registered Representative; 01/2010-7/2014 • Park Avenue Securities LLC: Investment Advisor Representative; 06/2010 – 07/2014 • Guardian Life Insurance Company; Insurance Agent; 11/2009 – 12/2014 • AXA Advisors, LLC; Registered Representative; 06/2001-01/2010 Item 3 - Disciplinary Information AXA Advisors, LLC; Investment Advisor Representative; 08/2001 – 01/2010 A. Mr. Munoz has never been involved in a criminal or civil action in a domestic, foreign or military court of competent jurisdiction for which he: 1. 2. Was convicted of, or pled guilty or nolo contender (“no contest”) to (a) any felony; (b) misdemeanor that involved investments or an investment-related business, fraud, false statement or omissions, wrongful taking of property, bribery, perjury, counterfeiting, or extortion; or (c) a conspiracy to commit any of these offenses; Is the named subject of a pending criminal proceeding that involves an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these offenses; - 19 -  3. 4. Was found to have been involved in a violation of an investment-related statute or regulation; or Was the subject of any order, judgement or decree permanently or temporarily enjoining, or otherwise limiting, him from engaging in any investment related activity, or from violating any investment-related statute, rule, or order. B. Mr. Munoz never had an administrative proceeding before the SEC, any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority in which he: 1. 2. Was found to have caused an investment-related business to lose its authorization to do business; or the subject of an order by the agency or authority; Was found to have been involved in a violation of an investment-related statute or regulation or was the subject of an order by the agency or authority (a)denying, suspending or revoking the authorization of the supervised person to act in an investment-related business; (b) barring or suspending his association with an investment-related business; (c) otherwise significantly limiting his investment-related activities; or (d) imposing a civil money penalty of more than $2,500 on him. C. Mr. Munoz has never been the subject of a self-regulatory organization (SRO) proceeding in which he: 1. lose its 2. Was found to have caused an investment-related business to authorization to do business; or Was found to have been involved in a violation of the SRO’s rules and was: (a) barred or suspended from membership or from association with other members or was expelled from membership; (b) otherwise significantly limited from investment-related activities; or (c) fined more than $2,500. D. Item 4 - Other Business Activities Engaged In Any other hearing or formal adjudication in Mr. Munoz has not been involved in which a professional attainment, designation, or license of the supervised person was revoked or suspended because of a violation of rules relating to professional conduct. Mr. Munoz also has a financial affiliated business as an insurance agent with IronOak Partners, LLC. Less than 5% of his time is spent on this activity. He will offer Clients services from this activity. As an insurance agent he will receive separate yet typical compensation. Item 5 - Additional Compensation This practice represents a conflict of interest because it gives an incentive to recommend products or services based on the commission received. This conflict is mitigated by disclosures, procedures and the firm’s fiduciary obligation to place the best interest of the Client first and the Clients are not required to purchase any products or services. Clients have the option to purchase products or services through another insurance agent of their choosing. See Item 10 for more details. Nicholas Munoz receives commissions on the insurance he sells and fees on the services provided through IronOak Partners, LLC. He does not receive any performance-based fees. - 20 -  Item 6 - Supervision Since Nicholas Munoz is the sole owner and an Chief Compliance Officer of IronOak. He is solely responsible for all supervision and formulation and monitoring of investment advice offered to Clients. He will adhere to the policies and procedures as described in the firm’s or 737-271-9421. Compliance Manual. He can be reached at nicholas@ironoakwealth.com - 21 -