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Form ADV Part 2A – Firm BrochureClarity
Wealth Management, L.L.C.
3303 E Baseline Rd #107
Gilbert, AZ 85234
(480) 776-9670
howard.dalmonte@lpl.com
https://www.claritywealthmgt.com/
This brochure provides information about the qualifications and business practices of Clarity Wealth Management, L.L.C.
(“CWML,” “we,” “us,” or “our”). If you have any questions about the contents of this brochure, please contact us at (480) 776-
9670 or by email at howard.dalmonte@lpl.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 Clarity Wealth Management, L.L.C. is available on the SEC’s website at www.adviserinfo.sec.gov.
CWML’s CRD number is 284874.
Registration does not imply a certain level of skill or training.
Version Date: March 4, 2026
Item 2: Material Changes
Since our last annual updating amendment dated December 6, 2024, we have made the following material changes to this
brochure:
• Charles Booth is no longer a partner of Clarity Wealth Management, L.L.C. as of December 2024.
• Updated ownership information to reflect the current principal owners.
• Updated account review disclosure in Item 13 to include Deuce Everhart (Richard Monnett Everhart Jr.).
• Added disclosure regarding Josh Lutostanski, who is expected to join as a supervised person / junior advisor upon
successful completion of required examinations.
Item 3: Table of Contents
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Item 4: Advisory Business
Item 5: Fees and Compensation
Item 6: Performance-Based Fees and Side-By-Side Management
Item 7: Types of Clients
Item 8: Methods of Analysis, Investment Strategies, & Risk of Loss
Item 9: Disciplinary Information
Item 10: Other Financial Industry Activities and Affiliations
Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading
Item 12: Brokerage Practices
Item 13: Review of Accounts
Item 14: Client Referrals and Other Compensation
Item 15: Custody
Item 16: Investment Discretion
Item 17: Voting Client Securities (Proxy Voting)
Item 18: Financial Information
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Item 4: Advisory Business
A. Description of the Advisory Firm
Clarity Wealth Management, L.L.C. (“CWML”) is a Limited Liability Company formed in August 2007. The principal
owners are Richard Monnett Everhart Jr. (also known as Deuce Everhart) and Howard Robard Dal Monte.
B. Types of Advisory Services
Portfolio Management Services
CWML offers ongoing portfolio management services based on each client’s individual goals, objectives, time horizon, and
risk tolerance. We create an Investment Suitability Analysis that outlines the client’s current financial situation (income, tax
levels, and risk tolerance) and construct a plan to help select an appropriate portfolio.
Portfolio management services include, but are not limited to: investment strategy, asset allocation, asset selection, risk
tolerance assessment, cash flow planning, tax planning, and regular portfolio monitoring.
CWML generally requests discretionary authority from clients to select securities and execute transactions without prior
approval for each trade. All investment decisions are made in accordance with our fiduciary duties and without regard to
CWML’s own economic or financial interests. We seek fair and equitable allocation of investment opportunities among
clients over time.
CWML does not use algorithms, AI-driven strategies or complex derivatives.
Financial Planning
We provide financial planning services that may include investment planning, retirement planning, college planning, tax
concerns, life insurance review, debt/credit planning, and cash flow analysis.
Services Limited to Specific Types of Investments
CWML generally limits its investment advice to mutual funds, fixed income securities, real estate funds (including REITs),
insurance products (including annuities), equities, ETFs (including those in gold and precious metals), Treasury Inflation
Protected Securities (TIPS), and commodities. We may use other securities when appropriate for diversification.
C. Client Tailored Services and Client Imposed Restrictions
We tailor our services to each client’s specific needs through an interview process. We may use model portfolios adjusted
with client-specific recommendations. Clients may impose reasonable restrictions on investments consistent with their values
or beliefs. If restrictions would prevent us from properly servicing the account, we reserve the right to terminate the
relationship.
D. Wrap Fee Programs
CWML does not participate in any wrap fee programs.
E. Assets Under Management
As of March 4, 2026:
Discretionary Assets Under Management: $210,913,958
Non-Discretionary Assets Under Management: $36,007,033
Item 5: Fees and Compensation
A. Fee Schedule
Portfolio Management Fees (annual rate, tiered on total assets under management)
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$0 – $99,999: 2.00%
$100,000 – $249,999: 1.75%
$250,000 – $499,999: 1.50%
$500,000 – $999,999: 1.25%
$1,000,000 – $2,499,999: 1.10%
$2,500,000 and above: 1.00%
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Fees are calculated based on the value of assets on the last business day of the prior billing period and are generally negotiable.
The final fee schedule is attached as Exhibit II to the Investment Advisory Contract.
Financial Planning Fees
• Fixed fees: Negotiated between $150 and $15,000.
• Hourly fees: Negotiated between $150 and $250 per hour.
These fees are also negotiable.
B. Payment of Fees
Portfolio management fees are paid quarterly in advance and may be deducted directly from client accounts
(with authorization) or invoiced. Financial planning fees are paid in arrears upon completion via check or wire.
Clients may terminate the advisory agreement without penalty within five business days of signing. Thereafter,
termination is generally effective upon 3 days’ written notice. Refunds for prepaid asset-based fees are
calculated pro-rata (daily rate method).
C. Client Responsibility for Third Party Fees
Clients are responsible for third-party fees (custodian fees, brokerage commissions, mutual fund expenses, etc.)
except in the SWM II program where CWML covers certain third-party fees. These are separate from CWML’s
advisory fees.
D. Prepayment of Fees
We collect certain fees in advance and others in arrears. Refunds for prepaid fees are processed within fourteen
days.
E. Outside Compensation for the Sale of Securities to Clients
Richard Monnett Everhart Jr., Howard Robard Dal Monte, and Rachelle L. Dal Monte are registered representatives
of LPL Financial, LLC. Richard and Howard are also independent licensed insurance agents. In these capacities,
they may accept compensation for the sale of securities or insurance products to CWML clients. This creates a
conflict of interest because it gives an incentive to recommend products based on compensation rather than solely on
the client’s needs.
We address this conflict by: (1) documenting the conflict in the client file and informing the client; (2) always acting
in the client’s best interest; and (3) informing clients that they are not required to purchase recommended products
through us or our affiliates. Advisory fees are not reduced to offset any commissions received. Commissions are not
our primary source of compensation for advisory services.
Item 6: Performance-Based Fees and Side-By-Side Management
CWML does not charge performance-based fees or engage in side-by-side management.
Individuals
Item 7: Types of Clients
CWML generally provides advisory services to:
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• High-Net-Worth Individuals
• Employer retirement plans (such as 401(k) plans)
There is no minimum account size.
Item 8: Methods of Analysis, Investment Strategies, & Risk of Loss
A. Methods of Analysis and Investment Strategies
We use charting analysis, cyclical analysis, fundamental analysis, modern portfolio theory, quantitative
analysis, and technical analysis.
Investment strategies include long-term trading, short-term trading, short sales, margin transactions, and options
trading (including covered, uncovered, and spreading strategies).
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B. Material Risks Involved
Investing in securities involves a risk of loss that clients should be prepared to bear. Past performance is not
indicative of future results. Specific risks are discussed in the sections below.
C. Risks of Specific Securities Utilized
CWML’s use of short sales, margin transactions, and options trading generally holds greater risk of capital loss.
Clients should be aware that there is a material risk of loss using any investment strategy. The investment types
listed below (leaving aside Treasury Inflation Protected/Inflation Linked Bonds) are not guaranteed or insured
by the FDIC or any other government agency. Past performance is not indicative of future results.
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. The funds can be of bond “fixed
income” nature (lower risk) or stock “equity” nature.
Equity Investments: 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.
Fixed Income Investments: 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 usually fall, and vice versa. This effect is usually more pronounced for longer-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 inflation protected/inflation linked bonds is
dependent upon the U.S. Treasury defaulting (extremely unlikely); however, they carry a potential risk of losing
share price value, albeit rather minimal. Risks of investing in foreign fixed income securities also include the
general risk of non-U.S. investing described below.
Exchange Traded Funds (ETFs): An ETF is an investment fund traded on stock exchanges, similar to stocks.
Investing in ETFs carries the risk of capital loss (sometimes up to a 100% loss in the case of a stock holding
bankruptcy). Areas of concern include the lack of transparency in products and increasing complexity, conflicts
of interest, and the possibility of inadequate regulatory compliance. Precious Metal ETFs (e.g., Gold, Silver, or
Palladium Bullion backed “electronic shares” not physical metal) specifically may be negatively impacted by
several unique factors, among them (1) large sales by the official sector which own a significant portion of
aggregate world holdings in gold and other precious metals, (2) a significant increase in hedging activities by
producers of gold or other precious metals, (3) a significant change in the attitude of speculators and investors.
Real Estate Funds (including REITs): 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 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.
Annuities: Annuities are a retirement product for those who may have the ability to pay a premium now and
want to guarantee they receive certain monthly payments or a return on investment later in the future. Annuities
are contracts issued by a life insurance company designed to meet requirements or other long-term goals. An
annuity is not a life insurance policy. Variable annuities are designed to be long-term investments to meet
retirement and other long-range goals. Variable annuities are not suitable for meeting short-term goals because
substantial taxes and insurance company charges may apply if you withdraw your money early. Variable
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annuities also involve investment risks, just as mutual funds do.
Commodities: Commodities are tangible assets used to manufacture and produce goods or services.
Commodity prices are affected by different risk factors, such as disease, storage capacity, supply, demand,
delivery constraints, and weather. Because of those risk factors, even a well-diversified investment in
commodities can be uncertain.
Options: Options are contracts to purchase a security at a given price, risking that an option may expire out of
the money resulting in minimal or no value. An uncovered option is a type of options contract that is not backed
by an offsetting position that would help mitigate risk. The risk for a “naked” or uncovered put is not unlimited,
whereas the potential loss for an uncovered call option is limitless. Spread option positions entail buying and
selling multiple options on the same underlying security, but with different strike prices or expiration dates,
which helps limit the risk of other option trading strategies. Option transactions also involve risks including but
not limited to economic risk, market risk, sector risk, idiosyncratic risk, political/regulatory risk, inflation
(purchasing power) risk, and interest rate risk.
Margin Transactions: Margin transactions use leverage that is borrowed from a brokerage firm as collateral to
purchase financial instruments. When losses occur, the value of the margin account may fall below the
brokerage firm’s threshold thereby triggering a margin call. This may force the account holder to either allocate
more funds to the account or sell assets on a shorter time frame than desired.
Short Sales: Short sales entail the possibility of infinite loss. An increase in the applicable securities’ prices will
result in a loss and, over time, the market has historically trended upward.
Short-Term Trading: Short-term trading risks include liquidity, economic stability, and inflation, in addition
to the long-term trading risks listed above. Frequent trading can affect investment performance, particularly
through increased brokerage and other transaction costs and taxes. 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.
Item 9: Disciplinary Information
There are no criminal, civil, administrative, or self-regulatory organization proceedings to report.
Item 10: Other Financial Industry Activities and Affiliations
Richard Monnett Everhart Jr. and Howard Robard Dal Monte are registered representatives of LPL Financial,
LLC and licensed insurance agents. Rachelle L. Dal Monte is a licensed assistant who may, in the future,
engage in the sale of securities or insurance products.
Josh Lutostanski is currently completing registration requirements (including the Series 7 / 66 examinations and
Life/Health for Insurance) and is expected to become a supervised person and junior advisor in 2026. Once
registered, he may provide advisory services under the supervision of the firm’s principals.
These outside activities create conflicts of interest as described in Item 5.E. CWML and its supervised persons
always act in the best interest of the client. Clients are never required to implement recommendations through
our affiliated representatives.
CWML does not select or compensate third-party advisers.
Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal
Trading
A. Code of Ethics
CWML has a written Code of Ethics covering prohibited transactions, insider trading, personal securities
transactions, conflicts of interest, gifts, confidentiality, and compliance procedures. A copy is available to
clients upon request.
B.–D. We do not recommend securities in which we have a material financial interest. Supervised persons may
invest in the same securities as clients, which may create a conflict. We document potential conflicts and never
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engage in trading that disadvantages clients.
Item 12: Brokerage Practices
A. Factors Used to Select Custodians and/or Broker/Dealers
We recommend LPL Financial, LLC as custodian and broker-dealer and seek best execution. We consider
research, technology, and other services provided by LPL (including soft-dollar benefits under Section
28(e) safe harbor). These benefits create a conflict because they may influence our recommendation of LPL
even if another custodian might be cheaper or better in some cases. We mitigate this by focusing on the
client’s best interest and best execution.
We do not receive client referrals in exchange for using a particular broker-dealer. We generally require
clients to use LPL for execution.
B. Aggregating (Block) Trading
We may aggregate trades for multiple clients when appropriate and allocate securities pro-rata in a fair and
equitable manner.
Item 13: Review of Accounts
A. Frequency and Nature of Periodic Reviews and Who Makes Those Reviews
We conduct periodic reviews of client accounts to ensure alignment with goals, risk tolerance, and
objectives. Reviews generally occur on a quarterly basis (with ongoing daily monitoring) and include
assessment of performance, asset allocation, and suitability. Account reviews are conducted by Howard
Robard Dal Monte, Richard Monnett Everhart Jr. (Deuce Everhart), and any other qualified supervised
persons (such as Josh Lutostanski once he joins as a junior advisor).
B. Factors That Will Trigger a Non-Periodic Review
Reviews may also be triggered by material market events or significant changes in a client’s financial
situation (e.g., retirement, inheritance, job change).
C. Content and Frequency of Regular Reports
Clients receive quarterly account statements and performance reports from the custodian. Financial
planning clients receive the completed plan upon delivery.
Item 14: Client Referrals and Other Compensation
CWML does not receive economic benefits from third parties for advice rendered to clients, nor do we
compensate non-advisory personnel for client referrals.
Item 15: Custody
When advisory fees are deducted from client accounts, CWML has limited custody. Clients receive
statements directly from the custodian and should review them carefully.
Item 16: Investment Discretion
We provide both discretionary and non-discretionary services. When discretionary authority is granted, we
make investment decisions without prior client approval, subject to any client-imposed restrictions.
Item 17: Voting Client Securities (Proxy Voting)
CWML does not vote client proxies. Clients receive proxies directly from the issuer or custodian and
should direct questions to the issuer.
Item 18: Financial Information
A. We do not require or solicit prepayment of more than $1,200 in fees six or more months in advance;
therefore, no balance sheet is required.
B. We have no financial condition reasonably likely to impair our ability to meet contractual commitments
to clients.
C. CWML has not been the subject of a bankruptcy petition in the last ten years.
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