HARMONY POINT WEALTH ADVISORS, INC.

Item 1: Cover Page Item 1: Cover Page Part 2A of Form ADV Firm Brochure July 30, 2025 Harmony Point Wealth Advisors, Inc. SEC No. 801-126832 Mailing Address 6789 Quail Hill Pkwy. #831 Irvine, CA 92603 Office Address 18872 MacArthur Blvd., Suite 410 Irvine, CA 92612 phone: 888-391-7378 email: info@harmonypointwa.com website: www.harmonypointwa.com This brochure provides information about the qualifications and business practices of Harmony Point Wealth Advisors, Inc. If you have any questions about the contents of this brochure, please contact us at 888-391-7378 or email info@harmonypointwa.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. Registration with the SEC or state regulatory authority does not imply a certain level of skill or expertise. Additional information about Harmony Point Wealth Advisors, Inc. is also available on the SEC’s website at www.adviserinfo.sec.gov. Page 1  Item 2: Material Changes Item 2: Material Changes This Firm Brochure is our disclosure document prepared according to regulatory requirements and rules. Consistent with the rules, we will ensure that you receive a summary of any material changes to this and subsequent Brochures within 120 days of the close of our business fiscal year. Furthermore, we will provide you with other interim disclosures about material changes as necessary. There are no material changes to this Brochure from the last annual update issued on March 21, 2025. Page 2  Item 3: Table of Contents Item 3: Table of Contents Item 1: Cover Page ...................................................................................................................................................... 1 Item 2: Material Changes .......................................................................................................................................... 2 Item 3: Table of Contents ......................................................................................................................................... 3 Item 4: Advisory Business ......................................................................................................................................... 4 Item 5: Fees and Compensation ............................................................................................................................ 7 Item 6: Performance-Based Fees and Side-by-Side Management ......................................................... 11 Item 7: Types of Clients ........................................................................................................................................... 12 Item 8: Methods of Analysis, Investment Strategies, and Risk of Loss ................................................. 13 Item 9: Disciplinary Information ........................................................................................................................... 25 Item 10: Other Financial Industry Activities and Affiliations ........................................................................ 26 Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading ........................................................................................................................................................... 28 Item 12: Brokerage Practices ................................................................................................................................... 30 Item 13: Review of Accounts ................................................................................................................................... 37 Item 14: Client Referrals and Other Compensation ........................................................................................ 38 Item 15: Custody .......................................................................................................................................................... 39 Item 16: Investment Discretion ............................................................................................................................... 40 Item 17: Voting Client Securities ............................................................................................................................ 41 Item 18: Financial Information ................................................................................................................................ 42 Page 3  Item 4: Advisory Business Item 4: Advisory Business A. Ownership/Advisory History Harmony Point Wealth Advisors, Inc. (“Harmony Point” or the “Firm”) is a California corporation. The principal owners of Harmony Point are Marek Pfeil, President, and Kenneth Graham, Vice President. Harmony Point became registered as an investment adviser in 2022. B. Advisory Services Offered Portfolio Management Services Harmony Point offers ongoing portfolio management services based on the individual goals, objectives, time horizon, and risk tolerance of each client. Harmony Point creates an Investment Profile Questionnaire for each client, which outlines the client’s current situation (income, tax levels, and risk tolerance levels). Portfolio management services include, but are not limited to, investment strategy, personal investment policy, asset allocation and asset selection, and regular portfolio monitoring. For its discretionary portfolio management services, Harmony Point receives a limited power of attorney to effect securities transactions on behalf of its clients that include securities and strategies described in Item 8 of this brochure. Clients have the right to provide the Firm with any reasonable investment restrictions on the management of their portfolio, which must be in writing and sent to the Firm. Clients should promptly notify the Firm in writing of any changes in such restrictions or in the client's personal financial circumstances, investment objectives, goals and tolerance for risk. Harmony Point will remind clients of their obligation to inform the Firm of any such changes or any restrictions that should be imposed on the management of the client’s account. Harmony Point will also contact clients at least annually to determine whether there have been any changes in a client's personal financial circumstances, investment objectives and tolerance for risk. Retirement Rollovers – Conflicts and Added Fees. As a fee-based investment adviser, Harmony Point (and its investment adviser representatives) makes more money either when your account assets grow or when you add money to your account. As a plan participant, clients may be paying little or nothing for the plan’s investment services. As such, clients’ costs are likely to be more post-rollover. Alternative courses of action are available to you: (i) Assuming it is permitted by the Plan, you can leave your money in your current Plan. (ii) If you have changed employers, you can roll your assets into the new employer’s Plan, if permissible by your new employer. (iii) You can establish an IRA R/O and place into a commission-based account at a broker-dealer. (iv) You can establish an IRA R/O and place into a fee-based advisory account. (v) You can withdraw your retirement money and pay the taxes and any applicable penalties. Page 4  Item 4: Advisory Business Selection of Other Advisers (Sub-Advisers) As part of its portfolio management services, Harmony Point may recommend one or more third-party sub-advisers to manage all or a portion of the client's investment portfolio. Factors taken into consideration when making recommendations include, but are not limited to, the sub-adviser’s performance, investment strategies, methods or analysis, advisory fees and other fees, assets under management, and the client's financial objectives and risk tolerance. Harmony Point would generally retain authority to hire/fire the sub-adviser and regularly monitors the performance of the sub-adviser to ensure its management and investment style remain aligned with the client's objectives and risk tolerance. Harmony Point continuously manages any sub- adviser relationship and regularly monitors the client's account(s) for performance metrics and adherence to the client's investment objectives. Each sub-adviser maintains a separate disclosure document that Harmony Point will provide to the client. The client should carefully review the sub-adviser's disclosure document for information regarding fees, risks and investment strategies, and conflicts of interest. The sub-adviser’s fee will be in addition to the advisory fees charged by Harmony Point. Harmony Point has a sub-advisory agreement with AssetMark, Inc. (“AssetMark”), an unaffiliated registered investment adviser and platform provider, in which Harmony Point primarily conducts its business. Harmony Point accesses various model portfolio strategies made available through the AssetMark investment platform. Harmony Point determines which portfolios the client assets are to be invested in, and thereafter AssetMark, as sub-adviser, implements all trades necessary to cause such assets to be invested in the model portfolios and strategies. Financial Planning Services Harmony Point’s financial planning services are offered in several areas of a client’s financial situation, depending on their goals and objectives. Financial planning services may encompass one or more areas of need, including but not limited to the following: ▪ Goals and objectives review ▪ Retirement income & cash flow planning ▪ Risk assessment ▪ Social security analysis ▪ Budget analysis ▪ Estate planning & asset protection strategies ▪ Personal purchases ▪ Employee benefit planning ▪ Debt payment & payoff analysis ▪ Multi-generational wealth transfer ▪ College savings ▪ Long-term care planning Harmony Point will develop its recommendations typically through two in-person or virtual consultations with the client. Harmony Point may work with the client’s other professionals such as attorneys, certified public accountants, trust officers, etc., to provide financial and estate planning advice. None of the financial planning services include legal, tax, or accounting advice. Clients should contact their attorney(s), accountant(s), or other professional with respect to legal, accounting and/or tax matters. With respect to estate planning or tax planning, Harmony Point’s role shall Page 5  Item 4: Advisory Business be that of a facilitator between the client and the client’s designated professional estate or tax planning advisor(s). The client has the sole discretion to follow or disregard, in whole or in part, any of Harmony Point’s recommendations, suggestions, or advice. The client also has the right to implement Harmony Point’s recommendations at the client’s sole discretion using a professional advisor(s) of the client’s choosing, including a financial advisor, broker, accountant, attorney or other professional. ERISA & Qualified Plan Services ERISA & Qualified Plan Services are provided exclusively through World Investment Advisors, LLC, dba Pensionmark by Marek Pfeil in his capacity as an investment adviser representative with Pensionmark. Please refer to Pensionmark’s disclosure documents for description of services and fees. See Item 10.C. of this Brochure for conflict-of-interest disclosure. C. Client-Tailored Services and Client-Imposed Restrictions Each client’s account will be managed on the basis of the client’s financial situation and investment objectives and in accordance with any reasonable restrictions imposed by the client on the management of the account—for example, restricting the type or amount of security to be purchased in the portfolio. D. Wrap Fee Programs Harmony Point does not sponsor or manage a wrap fee program, but client portfolios that are sub-advised through AssetMark as a sub-adviser to Harmony Point will be charged a wrap fee under AssetMark’s wrap fee program, where brokerage commissions and transaction costs are included in the asset-based fee charged to the client. AssetMark maintains a separate wrap fee program brochure that Harmony Point will provide to the client. E. Client Assets Under Management As of December 31, 2024, Harmony Point had $210,212,547 in discretionary and $41,120,897 in non-discretionary assets under management. Page 6  Item 5: Fees and Compensation Item 5: Fees and Compensation A. Methods of Compensation and Fee Schedule Portfolio Management & Sub-Adviser Fees Harmony Point’s portfolio management fee is an asset-based fee, calculated as a percentage of the value of the managed assets. The total managed account fee will include Harmony Point’s tiered fee as outlined in the following fee schedule (negotiable), plus a model manager and platform fee if the AssetMark platform is utilized (AssetMark’s fee portion is non-negotiable). Assets Under Management First $500,000 Next $500,000 Next $4,000,000 Over $5,000,000 Harmony Point Annual Fee Equity Assets 1.00% 0.80% 0.50% 0.30% Harmony Point Annual Fee Fixed Assets 0.50% 0.50% 0.25% 0.15% Please be advised that Harmony Point has an incentive to preference equity investments over fixed income investments because equity investments yield a higher economic benefit to the Firm. Harmony Point’s management fee is negotiable at the Firm’s discretion, taking into consideration historical relationship, types of assets, anticipated future additional assets, dollar amounts of assets to be managed, related (household) accounts, account composition, and other factors. As model manager fees vary depending on the strategy(ies) selected, Harmony Point has an economic incentive to recommend those strategies that yield the highest fees to Harmony Point. While Harmony Point prioritizes clients’ best interests, it’s important to be aware of this conflict of interest during the construction of the client’s investment portfolio. Lastly, clients should note that comparable services may be available elsewhere at more favorable pricing. Clients are encouraged to discuss with their financial professional the most appropriate tier of services, given the client’s needs and the applicable cost given the client’s investment goals and objectives. The specific advisory fees are set forth in the Investment Advisory Agreement. Such fees are payable quarterly in advance and will be based on the value of account assets as of the last business day of the prior quarter. If a client utilizes leverage, Harmony Point’s fees will be billed on the net equity in the portfolio. The fees will be prorated if the investment advisory relationship commences otherwise than at the beginning of a calendar quarter. Adjustments for significant contributions ($20,000 or more) to a client’s portfolio are prorated for the quarter in which the change occurs; no adjustments will be made for withdrawals. Harmony Point may modify the fee at any time upon 30 days’ written notice to the client. In the event the client has an ERISA-governed plan, fee modifications must be approved in writing by the client. Page 7  Item 5: Fees and Compensation Financial Planning Fees Financial planning fees will be billed at the rate of $420 per hour or a fixed fee mutually agreed upon by the client and Harmony Point. For fixed fee arrangements, Harmony Point will provide the prospective client with an estimate of the fixed charges prior to finalizing the financial planning agreement. Estimates will be based upon a good faith estimate of the number of hours to complete the assignment multiplied by the hourly rate, and re-evaluated at a later point. The fees charged are solely for the preparation of the financial plan and do not include any commissions or fees that might be generated upon implementation of any recommendations. B. Client Payment of Fees Portfolio Management Services Harmony Point generally requires fees to be prepaid on a quarterly basis. Harmony Point requires clients to authorize the direct debit of fees from their accounts. Exceptions may be granted subject to the Firm’s consent for clients to be billed directly for our fees. For directly debited fees, the custodian’s periodic statements will show each fee deduction from the account. Clients may withdraw this authorization for direct billing of these fees at any time by notifying us or their custodian in writing. Harmony Point will deduct advisory fees directly from the client’s account provided that (i) the client provides written authorization to the qualified custodian, and (ii) the qualified custodian sends the client a statement, at least quarterly, indicating all amounts disbursed from the account. The client is responsible for verifying the accuracy of the fee calculation, as the client’s custodian will not verify the calculation. The Investment Advisory Agreement may be canceled at any time by the client, or by Harmony Point with 30 days’ prior written notice to the client. Upon termination, any unearned, prepaid fees will be promptly refunded. Financial Planning Fees Financial planning fee terms are subject to the agreement between the client and Harmony Point. For prepaid fees of $1,200 or more, services will be completed within six months of the date fees are received. The financial planning engagement may be canceled at any time by either party upon written notice. Upon termination, any unearned, prepaid fees will be refunded to the client, and any earned, unpaid fees will be due and payable. C. Additional Client Fees Charged All fees paid for investment advisory services are separate and distinct from the fees and expenses charged by exchange-traded funds, mutual funds, sub-advisers, private placement, pooled investment vehicles, broker-dealers, and custodians retained by clients. Such fees and expenses are described in each exchange-traded fund and mutual fund’s prospectus, each sub- Page 8  Item 5: Fees and Compensation adviser’s Form ADV and Brochure and Brochure Supplement or similar disclosure statement, each private placement or pooled investment vehicle’s confidential offering memoranda, and by any broker-dealer or custodian retained by the client. Clients are advised to read these materials carefully before investing. If a mutual fund also imposes sales charges, a client may pay an initial or deferred sales charge as further described in the mutual fund’s prospectus. A client using Harmony Point may be precluded from using certain mutual funds or separate account managers because they may not be offered by the client's custodian. Please refer to the Brokerage Practices section (Item 12) for additional information regarding the Firm’s brokerage practices. D. External Compensation for the Sale of Securities to Clients Harmony Point’s advisory professionals are compensated primarily through a salary and bonus structure/through a percentage of advisory fees charged to clients. Harmony Point’s advisory professionals may be paid sales, service or administrative fees for the sale of mutual funds or other investment products. Harmony Point’s advisory professionals may receive commission- based compensation for the sale of securities. Investment adviser representatives, in their capacity as a registered representative of a broker-dealer, are prohibited from earning an advisory fee on the securities value transferred from an advisory client’s brokerage account unless commissions earned on such securities transactions occurred at least 12 months prior to the transfer. Please see Item 10.C. for conflicts of interest. E. Important Disclosure – Custodian Investment Programs Please be advised that certain of the Firm’s investment adviser representatives are registered with a broker-dealer and/or the Firm is a broker-dealer or affiliated with a broker-dealer. Under these arrangements, we can access certain investment programs offered through the broker- dealer that offer certain compensation and fee structures that create conflicts of interest of which clients need to be aware. As such, the investment adviser representative and/or the Firm may have an economic incentive to recommend the purchase of 12b-1 or revenue share class mutual funds offered through the broker-dealer platform rather than from the investment adviser platform. Please note the following: Limitation on Mutual Fund Universe for Custodian Investment Programs: Please note that as a matter of policy we prohibit the receipt of revenue share fees from any mutual funds utilized for our advisory clients’ portfolios. There are certain programs in which we participate where a client’s investment options may be limited in certain of these programs to those mutual funds and/or mutual fund share classes that pay 12b-1 fees and other revenue sharing fee payments, and the client should be aware that the Firm is not selecting from among all mutual funds available in the marketplace when recommending mutual funds to the client. Conflict Between Revenue Share Class (12b-1) and Non-Revenue Share Class Mutual Funds: Revenue share class/12b-1 fees are deducted from the net asset value of the mutual fund and generally, all things being equal, cause the fund to earn lower rates of return than those mutual funds that do not pay revenue sharing fees. The client is under no obligation to utilize such Page 9  Item 5: Fees and Compensation programs or mutual funds. Although many factors will influence the type of fund to be used, the client should discuss with their investment adviser representative whether a share class from a comparable mutual fund with a more favorable return to investors is available that does not include the payment of any 12b-1 or revenue sharing fees given the client’s individual needs and priorities and anticipated transaction costs. In addition, the receipt of such fees can create conflicts of interest in instances (i) where our adviser representative is also licensed as a registered representative of a broker-dealer and receives a portion of 12b-1 and or revenue sharing fees as compensation – such compensation creates an incentive for the investment adviser representative to use programs which utilize funds that pay such additional compensation; and (ii) where the custodian receives the entirety of the 12b-1 and/or revenue sharing fees and takes the receipt of such fees into consideration in terms of benefits it may elect to provide to the Firm, even though such benefits may or may not benefit some or all of the Firm’s clients. Page 10  Item 6: Performance-Based Fees and Side-by-Side Management Item 6: Performance-Based Fees and Side-by-Side Management Harmony Point does not charge performance-based fees and therefore has no economic incentive to manage clients’ portfolios in any way other than what is in their best interests. Page 11  Item 7: Types of Clients Item 7: Types of Clients Harmony Point offers its investment services to various types of clients including individuals and high-net-worth individuals, trusts, estates, charitable organizations, and corporations or business entities. Harmony Point generally requires a minimum account size of $100,000. Harmony Point, in its sole discretion, may waive the required minimum. Page 12  Item 8: Methods of Analysis, Investment Strategies, and Risk of Loss Item 8: Methods of Analysis, Investment Strategies, and Risk of Loss A. Methods of Analysis and Investment Strategies Investing in securities involves a risk of loss that you, as a client, should be prepared to bear. There is no guarantee that any specific investment or strategy will be profitable for a particular client. Methods of Analysis Harmony Point uses a variety of sources of data to conduct its economic, investment and market analysis, which may include economic and market research materials prepared by others, conference calls hosted by individual companies or mutual funds, corporate rating services, annual reports, prospectuses, and company press releases, and financial newspapers and magazines. Harmony Point may employ outside vendors or utilize third-party software to assist in formulating investment recommendations to clients. Harmony Point and its investment adviser representatives are responsible for identifying and implementing the methods of analysis used in formulating investment recommendations to clients. ▪ Fundamental analysis is a method of evaluating the intrinsic value of an asset and analyzing the factors that could influence its price in the future. This form of analysis is based on external events and influences, as well as financial statements and industry trends. ▪ Technical analysis involves charting price and volume data as reported by the exchange where the security is traded to look for price trends. ▪ Cyclical Analysis attempts to identify the industry cycle of a company to determine whether the company is in a market introduction phase, growth phase or maturity phase. Generally, projected revenues, growth potential and business risk may fluctuate based on the company’s cycle stage Mutual Funds and Exchange-Traded Funds, Individual Securities, Third-Party Sub- Advisers Harmony Point may recommend ”institutional share class” mutual funds, exchange-traded funds (“ETFs”), and individual securities (including fixed income instruments). Harmony Point may also assist the client in selecting one or more appropriate sub-advisers for all or a portion of the client’s portfolio. Such sub-advisers will typically manage assets for clients who commit to the manager a minimum amount of assets established by that sub-adviser—a factor that Harmony Point will take into account when recommending sub-advisers to clients. Harmony Point 's selection process cannot ensure that sub-advisers will perform as desired, and Harmony Point will have no control over the day-to-day operations of any of its selected sub- advisers. Harmony Point would not necessarily be aware of certain activities at the underlying sub-advisers level, including without limitation a sub-adviser’s engaging in unreported risks, investment “style drift,” or even regulatory breaches or fraud. Page 13  Item 8: Methods of Analysis, Investment Strategies, and Risk of Loss A description of the criteria to be used in formulating an investment recommendation for mutual funds, ETFs, individual securities (including fixed-income securities), and sub-advisers is set forth below. Harmony Point has formed relationships with third-party vendors that: ▪ provide a technological platform for separate account management, ▪ prepare performance reports, ▪ perform or distribute research of individual securities, and ▪ perform billing and certain other administrative tasks. Harmony Point may utilize additional independent third parties to assist it in recommending and monitoring individual securities, mutual funds, and sub-advisers to clients as appropriate under the circumstances. Harmony Point reviews certain quantitative and qualitative criteria related to mutual funds and sub-advisers and to formulate investment recommendations to its clients. Quantitative criteria may include: ▪ performance history of a mutual fund or sub-adviser evaluated against that of its peers and other benchmarks; ▪ analysis of risk-adjusted returns; ▪ analysis of the manager’s contribution to the investment return (e.g., manager’s alpha) standard deviation of returns over specific time periods, sector and style analysis; ▪ fund, sub-adviser or manager’s fee structure; ▪ the relevant portfolio manager’s tenure. Qualitative criteria used in selecting/recommending mutual funds or sub-advisers include the investment objectives and/or management style and philosophy of a mutual fund or sub- advisers; a mutual fund or sub-adviser’s consistency of investment style; and employee turnover and efficiency and capacity. Quantitative and qualitative criteria related to mutual funds and sub-advisers are reviewed by Harmony Point on a quarterly basis or such other interval as appropriate under the circumstances. In addition, mutual funds or sub-advisers are reviewed to determine the extent to which their investments reflect any of the following: efforts to time the market, engage in portfolio pumping, or evidence style drift such that their portfolios no longer accurately reflect the particular asset category attributed to the mutual fund or sub-advisers by Harmony Point (both of which are negative factors in implementing an asset allocation structure). Harmony Point may negotiate reduced account minimum balances and reduced fees with sub- advisers under various circumstances (e.g., for clients with minimum level of assets committed to the manager for specific periods of time, etc.). There can be no assurance that clients will receive any reduced account minimum balances or fees, or that all clients, even if apparently similarly situated, will receive any reduced account minimum balances or fees available to some other clients. Also, account minimum balances and fees may significantly differ between clients. Each client’s individual needs and circumstances will determine portfolio weighting, which can have Page 14  Item 8: Methods of Analysis, Investment Strategies, and Risk of Loss an impact on fees given the funds or sub-advisers utilized. Harmony Point will endeavor to obtain equal treatment for its clients with funds or sub-advisers, but cannot assure equal treatment. Harmony Point will regularly review the activities of mutual funds and sub-advisers utilized for the client. Clients that engage sub-advisers or who invest in mutual funds should first review and understand the disclosure documents of those sub-advisers or mutual funds, which contain information relevant to such retention or investment, including information on the methodology used to analyze securities, investment strategies, fees and conflicts of interest. Material Risks of Investment Instruments Harmony Point generally invests in the following types of securities: ▪ Equity securities ▪ Mutual fund securities ▪ Exchange-traded funds ▪ Exchange-traded notes ▪ Leveraged and inverse exchange-traded products ▪ Fixed income securities ▪ Private placements ▪ Pooled investment vehicles ▪ Fixed equity annuities ▪ Fixed equity indexed annuities ▪ Variable annuities ▪ Real Estate Investment Trusts (“REITs”) ▪ Private Equity ▪ Interval Funds ▪ Derivatives Equity Securities Investing in individual companies involves inherent risk. The major risks relate to the company’s capitalization, quality of the company’s management, quality and cost of the company’s services, the company’s ability to manage costs, efficiencies in the manufacturing or service delivery process, management of litigation risk, and the company’s ability to create shareholder value (i.e., increase the value of the company’s stock price). Foreign securities, in addition to the general risks of equity securities, have geopolitical risk, financial transparency risk, currency risk, regulatory risk and liquidity risk. Mutual Fund Securities Investing in mutual funds carries inherent risk. The major risks of investing in a mutual fund include the quality and experience of the portfolio management team and its ability to create fund value by investing in securities that have positive growth, the amount of individual Page 15  Item 8: Methods of Analysis, Investment Strategies, and Risk of Loss company diversification, the type and amount of industry diversification, and the type and amount of sector diversification within specific industries. In addition, mutual funds tend to be tax inefficient and therefore investors may pay capital gains taxes on fund investments while not having yet sold the fund. Exchange-Traded Funds (“ETFs”) ETFs are investment companies whose shares are bought and sold on a securities exchange. An ETF holds a portfolio of securities designed to track a particular market segment or index. Some examples of ETFs are SPDRs®, streetTRACKS®, DIAMONDSSM, NASDAQ 100 Index Tracking StockSM (“QQQs SM”) iShares® and VIPERs®. ETFs have embedded expenses that the client indirectly bears. Investing in ETFs involves risk. Specifically, ETFs, depending on the underlying portfolio and its size, can have wide price (bid and ask) spreads, thus diluting or negating any upward price movement of the ETF or enhancing any downward price movement. Also, ETFs require more frequent portfolio reporting by regulators and are thereby more susceptible to actions by hedge funds that could have a negative impact on the price of the ETF. Certain ETFs may employ leverage, which creates additional volatility and price risk depending on the amount of leverage utilized, the collateral and the liquidity of the supporting collateral. Further, the use of leverage (i.e., employing the use of margin) generally results in additional interest costs to the ETF. Certain ETFs are highly leveraged and therefore have additional volatility and liquidity risk. Volatility and liquidity can severely and negatively impact the price of the ETF’s underlying portfolio securities, thereby causing significant price fluctuations of the ETF. Leveraged and Inverse Exchange-Traded Products (“ETPs”) Leveraged ETPs employ financial derivatives and debt to try to achieve a multiple (for example two or three times) of the return or inverse return of a stated index or benchmark over the course of a single day. The use of leverage typically increases risk for an investor. However, unlike utilizing margin or shorting securities in your own account, you cannot lose more than your original investment. An inverse ETP is designed to track, on a daily basis, the inverse of its benchmark. Inverse ETPs utilize short selling, derivatives trading, and other leveraged investment techniques, such as futures trading to achieve their objectives. Leverage and inverse ETPs reset each day; as such, their performance can quickly diverge from the performance of the underlying index or benchmark. An investor could suffer significant losses even if the long-term performance of the index showed a gain. Engaging in short sales and using swaps, futures, contracts, and other derivatives can expose the ETP. There is always a risk that not every leveraged or inverse ETP will meet its stated objective on any given trading day. An investor should understand the impact an investment in the ETP could have on the performance of their portfolio, taking into consideration goals and tolerance for risk. Leveraged or inverse ETPs may be less tax-efficient than traditional ETPs, in part because daily resets can cause the ETP to realize significant short-term capital gains that may not be offset by a loss. Be sure to check with your tax advisor about the consequences of Page 16  Item 8: Methods of Analysis, Investment Strategies, and Risk of Loss investing in a leveraged or inverse ETP. Leveraged and Inverse ETPs are not suited for long- term investment strategies. These are not appropriate for buy-and-hold or conservative investors and are more suitable for investors who understand leverage and are willing to assume the risk of magnified potential losses. These funds tend to carry higher fees, due to active management, that can also affect performance. Exchange-Traded Notes (“ETN”) ETNs are structured debt securities. ETN liabilities are unsecured general obligations of the issuer. Most ETNs are designed to track a particular market segment or index. ETNs have expenses associated with their operation. When a fund invests in an ETN, in addition to directly bearing expenses associated with its own operations, it will bear its pro rata portion of the ETN’s expenses. The risks of owning an ETN generally reflect the risks of owning the underlying securities the ETN is designed to track, although lack of liquidity in an ETN could result in it being more volatile than the underlying portfolio of securities. In addition, because of ETN expenses, compared to owning the underlying securities directly it may be more costly to own an ETN. The value of an ETN security should also be expected to fluctuate with the credit rating of the issuer. Fixed Income Securities Fixed income securities carry additional risks than those of equity securities described above. These risks include the company’s ability to retire its debt at maturity, the current interest rate environment, the coupon interest rate promised to bondholders, legal constraints, jurisdictional risk (U.S or foreign) and currency risk. If bonds have maturities of ten years or greater, they will likely have greater price swings when interest rates move up or down. The shorter the maturity the less volatile the price swings. Foreign bonds have liquidity and currency risk. Private Placements Private placements carry significant risk in that companies using the private placement market conduct securities offerings that are exempt from registration under the federal securities laws, which means that investors do not have access to public information and such investors are not provided with the same amount of information that they would receive if the securities offering was a public offering. Moreover, many companies using private placements do so to raise equity capital in the start-up phase of their business, or require additional capital to complete another phase in their growth objective. In addition, the securities issued in connection with private placements are restricted securities, which means that they are not traded on a secondary market, such as a stock exchange, and they are thus illiquid and cannot be readily converted to cash. Pooled Investment Vehicles A pooled investment vehicle, such as a commodity pool or investment company, is generally offered only to investors who meet specified suitability, net worth and annual income criteria. Pooled investment vehicles sell securities through private placements and thus are illiquid and Page 17  Item 8: Methods of Analysis, Investment Strategies, and Risk of Loss subject to a variety of risks that are disclosed in each pooled investment vehicle’s confidential private placement memorandum or disclosure document. Investors should read these documents carefully and consult with their professional advisors prior to committing investment dollars. Because many of the securities involved in pooled investment vehicles do not have transparent trading markets from which accurate and current pricing information can be derived, or in the case of private equity investments where portfolio security companies are privately held with no publicly traded market, the Firm will be unable to monitor or verify the accuracy of such performance information. Fixed Equity Annuities A fixed annuity is a contract between an insurance company and a customer, typically called the annuitant. The contract obligates the company to make a series of fixed annuity payments to the annuitant for the duration of the contract. The annuitant surrenders a lump sum of cash in exchange for monthly payments that are guaranteed by the insurance company. Please note the following risks: (i) Spending power risk. Social Security retirement benefits have cost-of- living adjustments. Most fixed annuities do not. Consequently, the spending power provided by the monthly payment may decline significantly over the life of the annuity contract because of inflation, (ii) Death and survivorship risk. In a conventional fixed annuity, once the annuitant has turned over a lump sum premium to the insurance company, it will not be returned. The annuitant could die after receiving only a few monthly payments, but the insurance company may not be obligated to give the annuitant’s estate any of the money back. A related risk is based on the financial consequences for a surviving spouse. In a standard single-life annuity contract, a survivor receives nothing after the annuitant dies. That may put a severe dent in a spouse’s retirement income. To counteract this risk, consider a joint life annuity. (iii) Company failure risk. Private annuity contracts are not guaranteed by the FDIC, SIPC, or any other federal agency. If the insurance company that issues an annuity contract fails, no one in the federal government is obligated to protect the annuitant from financial loss. Most states have guaranty associations that provide a level of protection to citizens in that state if an insurance company also doing business in that state fails. A typical limit of state protection, if it applies at all, is $100,000. To control this risk, contact the state insurance commissioner to confirm that your state has a guaranty association and to learn the guarantee limits applicable to a fixed annuity contract. Based on that information, consider dividing fixed annuity contracts among multiple insurance companies to obtain the maximum possible protection. Also check the financial stability and credit ratings of the annuity insurance companies being considered. A.M. Best and Standard & Poor’s publish ratings information. Fixed Equity Indexed Annuities An equity-indexed annuity is a type of fixed annuity that is distinguished by the interest yield return being partially based on an equities index, typically the S&P 500.The returns (in the form of interest credited to the contract) can consist of a guaranteed minimum interest rate and an interest rate linked to a market index. The guaranteed minimum interest rate usually ranges from 1 to 3 percent on at least 87.5 percent of the premium paid. As long as the company offering the annuity is fiscally sound enough to meet its obligations, you will be guaranteed to receive this return no matter how the market performs. Your index-linked Page 18  Item 8: Methods of Analysis, Investment Strategies, and Risk of Loss returns will depend on how the index performs but, generally speaking, an investor with an indexed annuity will not see his or her rate of return fully match the positive rate of return of the index to which the annuity is linked — and could be significantly less. One major reason for this is that returns are subject to contractual limitations in the form of caps and participation rates. Participation rates are the percentage of an index's returns that are credited to the annuity. For instance, if your annuity has a participation rate of 75 percent, then your index-linked returns would only amount to 75 percent of the gains associated with the index. Interest caps, meanwhile, essentially mean that during big bull markets, investors won't see their returns go sky-high. For instance, if an index rises 12 percent, but an investor's annuity has a cap of 7 percent, his or her returns will be limited to 7 percent. Some indexed annuity contracts allow the issuer to change these fees, participation rates and caps from time to time. Investors should also be aware that trying to withdraw the principal amount from a fixed indexed annuity during a certain period — usually within the first 9 or 10 years after the annuity was purchased — can result in fees known as surrender charges, and could also trigger tax penalties. In fact, under some contracts if withdrawals are taken amounts already credited will be forfeited. After paying surrender charges an investor could lose money by surrendering their indexed annuity too soon. Variable Annuities Variable Annuities are long-term financial products designed for retirement purposes. In essence, annuities are contractual agreements in which payment(s) are made to an insurance company, which agrees to pay out an income or a lump sum amount at a later date. There are contract limitations and fees and charges associated with annuities, administrative fees, and charges for optional benefits. They also may carry early withdrawal penalties and surrender charges, and carry additional risks such as the insurance carrier's ability to pay claims. Moreover, variable annuities carry investment risk similar to mutual funds. Investors should carefully review the terms of the variable annuity contract before investing. Real Estate Investment Trusts (“REITs”) A REIT is a tax designation for a corporate entity which pools capital of many investors to purchase and manage real estate. Many REITs invest in income-producing properties in the office, industrial, retail, and residential real estate sectors. REITs are granted special tax considerations, which can significantly reduce or eliminate corporate income taxes. In order to qualify as a REIT and for these special tax considerations, REITs are required by law to distribute 90% of their taxable income to investors. REITs can be traded on a public exchange like a stock, or be offered as a non-traded REIT. REITs, both public exchange-traded and non- traded, are subject to risks including volatile fluctuations in real estate prices, as well as fluctuations in the costs of operating or managing investment properties, which can be substantial. Many REITs obtain management and operational services from companies and service providers that are directly or indirectly related to the sponsor of the REIT, which presents a potential conflict of interest that can impact returns on investments. Non-traded REITs include: (i) A REIT that is registered with the Securities and Exchange Commission (SEC) but is not listed on an exchange or over-the-counter market (non-exchange Page 19  Item 8: Methods of Analysis, Investment Strategies, and Risk of Loss traded REIT); or, (i) a REIT that is sold pursuant to an exemption to registration (Private REIT). Non-traded REITs are generally blind pool investment vehicles. Blind pools are limited partnerships that do not explicitly state their future investments prior to beginning their capital-raising phase. During this period of capital-raising, non-traded REITs often pay distributions to their investors. The risks of non-traded REITs are varied and significant. Because they are not exchange-traded investments, they often lack a developed secondary market, thus making them illiquid investments. As blind pool investment vehicles, non-traded REITs’ initial share prices are not related to the underlying value of the properties. This is because non-traded REITs begin and continue to purchase new properties as new capital is raised. Thus, one risk for non-traded REITs is the possibility that the blind pool will be unable to raise enough capital to carry out its investment plan. After the capital raising phase is complete, non-traded REIT shares are infrequently re-valued and thus may not reflect the true net asset value of the underlying real estate investments. Non-traded REITs often offer investors a redemption program where the shares can be sold back to the sponsor; however, those redemption programs are often subject to restrictions and may be suspended at the sponsor’s discretion. While non-traded REITs may pay distributions to investors at a stated target rate during the capital-raising phases, the funds used to pay such distributions may be obtained from sources other than cash flow from operations, and such financing can increase operating costs. With respect to publicly traded REITs, publicly traded REITs may be subject to additional risks and price fluctuations in the public market due to investors’ expectations of the individual REIT, the real estate market generally, specific sectors, the current yield on such REIT, and the current liquidity available in public market. Although publicly traded REITs offer investors liquidity, there can be constraints based upon current supply and demand. An investor when liquidating may receive less than the intrinsic value of the REIT. Private Equity Private equity is an ownership interest in a company or portion of a company that is not publicly owned, quoted, or traded on a stock exchange. Private equity takes an ownership interest in a company with the goal of enhancing the company's value by bringing about change. Compared to public equity, long-term results of private equity investments are less dependent on overall market performance. Private equity investments are subject to certain risks such as market and investment style risk. Investments are highly illiquid and subject to greater risk. These risks include lack of liquidity, lack of valuation transparency, conflicts of interest, higher management fees, and complex tax structures. Private equity investments may require a longer holding period and are highly speculative and may result in a loss of invested capital. The strategies discussed may only be appropriate for certain qualified investors. Interval Funds An interval fund is a type of investment company that periodically offers to repurchase its shares from shareholders. That is, the fund periodically offers to buy back a stated portion of its shares from shareholders. Shareholders are not required to accept these offers and sell their shares back to the fund. Page 20  Item 8: Methods of Analysis, Investment Strategies, and Risk of Loss Legally, interval funds are classified as closed-end funds, but they are very different from traditional closed-end funds in that: ▪ Their shares typically do not trade on the secondary market. Instead, their shares are subject to periodic repurchase offers by the fund at a price based on net asset value. ▪ They are permitted to (and many interval funds do) continuously offer their shares at a price based on the fund’s net asset value. An interval fund will make periodic repurchase offers to its shareholders, generally every three, six, or twelve months, as disclosed in the fund’s prospectus and annual report. Interval funds are not liquid, meaning they are not easily converted into cash. Just as the fund will offer to repurchase a percentage of the fund at intervals, the investor is limited to selling shares at intervals. In other words, interval funds have limited liquidity. As a result interval funds are only appropriate for clients who do not have short term cash needs. The price that shareholders will receive on a repurchase will be based on the per share NAV determined as of a specified (and disclosed) date. Note that interval funds are permitted to deduct a redemption fee from the repurchase proceeds, not to exceed 2% of the proceeds. The fee is paid to the fund, and generally is intended to compensate the fund for expenses directly related to the repurchase. Interval funds may charge other fees as well. An interval fund’s prospectus and annual report will disclose the various details of the repurchase offer. Before investing in an interval fund, you should carefully read all of the fund’s available information, including its prospectus and most recent shareholder report. Derivatives Some ETFs use derivatives, such as swaps, options and futures, among others. Derivative instruments may be illiquid, difficult to value and leveraged so that small changes may produce disproportionate losses to a client. Over-the-counter derivatives, such as swaps, are also subject to counterparty risk, which is the risk that the other party in the transaction will not fulfill its contractual obligation. Losses from investments in derivatives can result from a lack of correlation between the value of those derivatives and the value of the underlying asset or index. In addition, there is a risk that the performance of the derivatives to replicate the performance of a particular asset or asset class may not accurately track the performance of that asset or asset class. B. Investment Strategy and Method of Analysis Material Risks Our investment strategy is custom-tailored to the client’s goals, investment objectives, risk tolerance, and personal and financial circumstances. Margin Leverage Although Harmony Point, as a general business practice, does not utilize leverage, there may be instances in which the use of leverage may be appropriate for certain clients and situations or requested by the clients for personal use. In this regard please review the following: Page 21  Item 8: Methods of Analysis, Investment Strategies, and Risk of Loss The use of margin leverage enhances the overall risk of investment gain and loss to the client’s investment portfolio. For example, investors are able to control $2.00 of a security for $1.00. So, if the price of a security rises by $1.00, the investor earns a 100% return on their investment. Conversely, if the security declines by $0.50, then the investor loses 50% of their investment. The use of margin leverage entails borrowing, which results in additional interest costs to the investor. Broker-dealers who carry customer accounts have a minimum equity requirement when clients utilize margin leverage. The minimum equity requirement is stated as a percentage of the value of the underlying collateral security with an absolute minimum dollar requirement. For example, if the price of a security declines in value to the point where the excess equity used to satisfy the minimum requirement dissipates, the broker-dealer will require the client to deposit additional collateral to the account in the form of cash or marketable securities. A deposit of securities to the account will require a larger deposit, as the security being deposited is included in the computation of the minimum equity requirement. In addition, when leverage is utilized and the client needs to withdraw cash, the client must sell a disproportionate amount of collateral securities to release enough cash to satisfy the withdrawal amount based upon similar reasoning as cited above. Regulations concerning the use of margin leverage are established by the Federal Reserve Board and vary if the client’s account is held at a broker-dealer versus a bank custodian. Broker-dealers and bank custodians may apply more stringent rules as they deem necessary. Short-Term Trading Although Harmony Point, as a general business practice, does not utilize short-term trading, there may be instances in which short-term trading may be necessary or an appropriate strategy. In this regard, please read the following: High-frequency trading creates substantial transaction costs that in the aggregate could negatively impact account performance. Short Selling Harmony Point generally does not engage in short selling but reserves the right to do so in the exercise of its sole judgment. Short selling involves the sale of a security that is borrowed rather than owned. When a short sale is effected, the investor is expecting the price of the security to decline in value so that a purchase or closeout of the short sale can be effected at a significantly lower price. The primary risks of effecting short sales is the availability to borrow the stock, the unlimited potential for loss, and the requirement to fund any difference between the short credit balance and the market value of the security. Technical Trading Models Technical trading models are mathematically driven based upon historical data and trends of domestic and foreign market trading activity, including various industry and sector trading statistics within such markets. Technical trading models, through mathematical algorithms, Page 22  Item 8: Methods of Analysis, Investment Strategies, and Risk of Loss attempt to identify when markets are likely to increase or decrease and identify appropriate entry and exit points. The primary risk of technical trading models is that historical trends and past performance cannot predict future trends, and there is no assurance that the mathematical algorithms employed are designed properly, updated with new data, and can accurately predict future market, industry, and sector performance. Option Strategies Various option strategies give the holder the right to acquire or sell underlying securities at the contract strike price up until expiration of the option. Each contract is worth 100 shares of the underlying security. Options entail greater risk but allow an investor to have market exposure to a particular security or group of securities without the capital commitment required to purchase the underlying security or groups of securities. In addition, options allow investors to hedge security positions held in the portfolio. For detailed information on the use of options and option strategies, please contact the Options Clearing Corporation for the current Options Risk Disclosure Statement. Harmony Point as part of its investment strategy may employ the following option strategies: ▪ Covered call writing ▪ Long call options purchases ▪ Long put options purchases Covered Call Writing Covered call writing is the sale of in-, at-, or out-of-the-money call option against a long security position held in the client portfolio. This type of transaction is used to generate income. It also serves to create downside protection in the event the security position declines in value. Income is received from the proceeds of the option sale. Such income may be reduced to the extent it is necessary to buy back the option position prior to its expiration. This strategy may involve a degree of trading velocity, transaction costs and significant losses if the underlying security has volatile price movement. Covered call strategies are generally suited for companies with little price volatility. Long Call Option Purchases Long call option purchases allow the option holder to be exposed to the general market characteristics of a security without the outlay of capital necessary to own the security. Options are wasting assets and expire (usually within nine months of issuance), and as a result can expose the investor to significant loss. Long Put Option Purchases Long put option purchases allow the option holder to sell or “put” the underlying security at the contract strike price at a future date. If the price of the underlying security declines in value, the value of the long put option increases. In this way long puts are often used to hedge a long stock position. Options are wasting assets and expire (usually within nine months of issuance), and as a result can expose the investor to significant loss. Page 23  Item 8: Methods of Analysis, Investment Strategies, and Risk of Loss C. Concentration Risks There is an inherent risk for clients who have their investment portfolios heavily weighted in one security, one industry or industry sector, one geographic location, one investment manager, one type of investment instrument (equities versus fixed income). Clients who have diversified portfolios, as a general rule, incur less volatility and therefore less fluctuation in portfolio value than those who have concentrated holdings. Concentrated holdings may offer the potential for higher gain, but also offer the potential for significant loss. Page 24  Item 9: Disciplinary Information Item 9: Disciplinary Information A. Criminal or Civil Actions There is nothing to report on this item. B. Administrative Enforcement Proceedings There is nothing to report on this item. C. Self-Regulatory Organization Enforcement Proceedings There is nothing to report on this item. Page 25  Item 10: Other Financial Industry Activities and Affiliations Item 10: Other Financial Industry Activities and Affiliations A. Broker-Dealer or Representative Registration Neither Harmony Point nor its affiliates are registered broker-dealers and do not have an application to register pending. Marek Pfeil is a registered representative of Pensionmark Securities, LLC (“Pensionmark”), a FINRA-registered broker-dealer and member of SIPC. Pensionmark is a financial services company engaged in the sale of investment products. In his capacity as a registered representative of Pensionmark, Mr. Pfeil is subject to the general oversight of Pensionmark and the Financial Industry Regulatory Authority Inc. (“FINRA”). As such, clients of Harmony Point should understand that their personal and account information is available to FINRA and Pensionmark for the fulfillment of their regulatory oversight obligations and duties. Harmony Point professionals who effect transactions for advisory clients may receive transaction or commission compensation from Pensionmark. The recommendation of securities transactions for commission creates a conflict of interest in that Harmony Point is economically incented to effect securities transactions for clients. Although Harmony Point strives to put its clients’ interests first, such recommendations may be viewed as being in the best interests of Harmony Point rather than in the client’s best interest. Harmony Point advisory clients are not compelled to effect securities transactions through Pensionmark. B. Futures or Commodity Registration Neither Harmony Point nor its affiliates are registered as a commodity firm, futures commission merchant, commodity pool operator or commodity trading advisor and do not have an application to register pending. C. Material Relationships Maintained by this Advisory Business and Conflicts of Interest Broker-Dealer Registration Please see Item 10.A. above. Dual Registration as Investment Adviser Representatives Marek Pfeil is dually registered as an investment adviser representative with World Investment Advisors, LLC dba Pensionmark, an SEC-registered investment adviser. ERISA & Qualified Plan Services are provided exclusively through World Investment Advisors, LLC, dba Pensionmark by Marek Pfeil in his capacity as an investment adviser representative with Pensionmark. To the extent a participant in the qualified plan wants to engage for individualized wealth management services, Marek Pfeil has a conflict of interest in that he has an incentive to recommend either Harmony Point or Pensionmark, whichever one yields him the greatest economic benefit. To Page 26  Item 10: Other Financial Industry Activities and Affiliations better understand Harmony Point’s fiduciary obligations to clients, please refer to Item 11 of this Brochure regarding Code of Ethics. D. Recommendation or Selection of Other Investment Advisors and Conflicts of Interest Harmony Point may engage third-party sub-advisers to manage all or a portion of the client's assets. Harmony Point’s fees are separate and distinct from the sub-advisers it utilizes. Harmony Point will always act in the best interests of the client, including when determining which sub- adviser to recommend and/or utilize for clients. Page 27  Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading A. Code of Ethics Description In accordance with the Advisers Act, Harmony Point has adopted policies and procedures designed to detect and prevent insider trading. In addition, Harmony Point has adopted a Code of Ethics (the “Code”). Among other things, the Code includes written procedures governing the conduct of Harmony Point's advisory and access persons. The Code also imposes certain reporting obligations on persons subject to the Code. The Code and applicable securities transactions are monitored by the chief compliance officer of Harmony Point. Harmony Point will send clients a copy of its Code of Ethics upon written request. Harmony Point has policies and procedures in place to ensure that the interests of its clients are given preference over those of Harmony Point, its affiliates and its employees. For example, there are policies in place to prevent the misappropriation of material non-public information, and such other policies and procedures reasonably designed to comply with federal and state securities laws. B. Investment Recommendations Involving a Material Financial Interest and Conflicts of Interest Harmony Point does not engage in principal trading (i.e., the practice of selling stock to advisory clients from a firm’s inventory or buying stocks from advisory clients into a firm’s inventory). In addition, Harmony Point does not recommend any securities to advisory clients in which it has some proprietary or ownership interest. C. Advisory Firm Purchase or Sale of Same Securities Recommended to Clients and Conflicts of Interest Harmony Point, its affiliates, employees and their families, trusts, estates, charitable organizations and retirement plans established by it may purchase or sell the same securities as are purchased or sold for clients in accordance with its Code of Ethics policies and procedures. The personal securities transactions by advisory representatives and employees may raise potential conflicts of interest when they trade in a security that is: ▪ owned by the client, or ▪ considered for purchase or sale for the client. Such conflict generally refers to the practice of front-running (trading ahead of the client), which Harmony Point specifically prohibits. Harmony Point has adopted policies and procedures that are intended to address these conflicts of interest. These policies and procedures: ▪ require our advisory representatives and employees to act in the client’s best interest ▪ prohibit fraudulent conduct in connection with the trading of securities in a client account Page 28  Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading ▪ prohibit employees from personally benefitting by causing a client to act, or fail to act in making investment decisions ▪ prohibit the Firm or its employees from profiting or causing others to profit on knowledge of completed or contemplated client transactions ▪ allocate investment opportunities in a fair and equitable manner ▪ provide for the review of transactions to discover and correct any trades that result in an advisory representative or employee benefiting at the expense of a client. Advisory representatives and employees must follow Harmony Point’s procedures when purchasing or selling the same securities purchased or sold for the client. D. Client Securities Recommendations or Trades and Concurrent Advisory Firm Securities Transactions and Conflicts of Interest Harmony Point, its affiliates, employees and their families, trusts, estates, charitable organizations, and retirement plans established by it may effect securities transactions for their own accounts that differ from those recommended or effected for other Harmony Point clients. Harmony Point will make a reasonable attempt to trade securities in client accounts at or prior to trading the securities in its affiliate, corporate, employee or employee-related accounts. Trades executed the same day will likely be subject to an average pricing calculation. It is the policy of Harmony Point to place the clients’ interests above those of Harmony Point and its employees. Page 29  Item 12: Brokerage Practices Item 12: Brokerage Practices A. Factors Used to Select Broker-Dealers for Client Transactions Custodian Recommendations Harmony Point may recommend that clients establish brokerage accounts with AssetMark, Inc., or the Schwab Advisor Services division of Charles Schwab & Co., Inc. (herein collectively referred to as “Custodian”), FINRA-registered broker-dealers, members SIPC, to maintain custody of clients’ assets and to effect trades for their accounts. Although Harmony Point may recommend that clients establish accounts at the Custodian, it is the client’s decision to custody assets with the Custodian. Harmony Point is independently owned and operated and not affiliated with the Custodian. For Harmony Point-managed advisory accounts, the Custodian generally does not charge separately for custody services but is compensated by account holders through commissions and other transaction-related or asset-based fees for securities trades that are executed through the Custodian or that settle into Custodian accounts. Harmony Point considers the financial strength, reputation, operational efficiency, cost, execution capability, level of customer service, and related factors in recommending broker- dealers or Custodians to advisory clients. In certain instances and subject to approval by Harmony Point, Harmony Point will recommend to clients certain other broker-dealers and/or Custodians based on the needs of the individual client, and taking into consideration the nature of the services required, the experience of the broker-dealer or Custodian, the cost and quality of the services, and the reputation of the broker-dealer or Custodian. The final determination to engage a broker-dealer or Custodian recommended by Harmony Point will be made by and in the sole discretion of the client. The client recognizes that broker-dealers and/or Custodians have different cost and fee structures and trade execution capabilities. As a result, there may be disparities with respect to the cost of services and/or the transaction prices for securities transactions executed on behalf of the client. Clients are responsible for assessing the commissions and other costs charged by broker-dealers and/or Custodians. How We Select Brokers/Custodians to Recommend Harmony Point seeks to recommend a Custodian/broker who will hold client assets and execute transactions on terms that provide the most value given a particular client’s needs when compared to other available providers and their services. We consider a wide range of factors, including, among others, the following: ▪ combination of transaction execution services along with asset custody services (generally without a separate fee for custody); ▪ capability to execute, clear, and settle trades (buy and sell securities for client accounts); ▪ capabilities to facilitate transfers and payments to and from accounts (wire transfers, check requests, bill payment, etc.); Page 30  Item 12: Brokerage Practices ▪ breadth of investment products made available (stocks, bonds, mutual funds, exchange- traded funds (ETFs), etc.); ▪ availability of investment research and tools that assist us in making investment decisions; ▪ quality of services; ▪ competitiveness of the price of those services (commission rates, margin interest rates, other fees, etc.) and willingness to negotiate them; ▪ reputation, financial strength, and stability of the provider; ▪ their prior service to us and our other clients; ▪ availability of other products and services that benefit us, as discussed below. Client’s Custody and Brokerage Costs For client accounts that the Firm maintains, the Custodian generally does not charge clients separately for custody services but is compensated by charging either transaction fees or Custodian asset-based fees on trades that it executes or that settle into the Custodian’s accounts. For some accounts, the Custodian may charge a percentage of the dollar amount of assets in the account in lieu of commissions. The Custodian’s commission rates and asset- based fees applicable to the Firm’s client accounts were negotiated based on the Firm’s commitment to maintain a certain minimum amount of client assets at the Custodian. This commitment benefits the client because the overall commission rates and asset-based fees paid are lower than they would be if the Firm had not made the commitment. In addition to commissions or asset-based fees, the Custodian charges a flat dollar amount as a “prime broker” or “trade away” fee for each trade that the Firm has executed by a different broker- dealer but where the securities bought or the funds from the securities sold are deposited (settled) into the client’s Custodian account. These fees are in addition to the commissions or other compensation the client pays the executing broker-dealer. Because of this, in order to minimize the client’s trading costs, the Firm has the Custodian execute most trades for the account. Soft Dollar Arrangements Harmony Point does not utilize soft dollar arrangements. Harmony Point does not direct brokerage transactions to executing brokers for research and brokerage services. Institutional Trading and Custody Services The Custodian provides Harmony Point with access to its institutional trading and custody services, which are typically not available to the Custodian’s retail investors. These services generally are available to independent investment advisors on an unsolicited basis, at no charge to them so long as a certain minimum amount of the advisor’s clients’ assets are maintained in accounts at a particular Custodian. The Custodian’s brokerage services include the execution of securities transactions, custody, research, and access to mutual funds and other investments that are otherwise generally available only to institutional investors or would require a significantly higher minimum initial investment. Page 31  Item 12: Brokerage Practices Other Products and Services Custodian also makes available to Harmony Point other products and services that benefit Harmony Point but may not directly benefit its clients’ accounts. Many of these products and services may be used to service all or some substantial number of Harmony Point's accounts, including accounts not maintained at the Custodian. The Custodian may also make available to Harmony Point software and other technology that: ▪ provide access to client account data (such as trade confirmations and account statements); ▪ facilitate trade execution and allocate aggregated trade orders for multiple client accounts; ▪ provide research, pricing and other market data; ▪ facilitate payment of Harmony Point’s fees from its clients’ accounts; ▪ assist with back-office functions, recordkeeping and client reporting. The Custodian may also offer other services intended to help Harmony Point manage and further develop its business enterprise. These services may include: ▪ compliance, legal and business consulting, ▪ publications and conferences on practice management and business succession, and ▪ access to employee benefits providers, human capital consultants and insurance providers. The Custodian may also provide other benefits such as educational events or occasional business entertainment of Harmony Point personnel. In evaluating whether to recommend that clients custody their assets at the Custodian, Harmony Point may take into account the availability of some of the foregoing products and services and other arrangements as part of the total mix of factors it considers, and not solely the nature, cost or quality of custody and brokerage services provided by the Custodian, which creates a conflict of interest. Independent Third Parties The Custodian may make available, arrange, and/or pay third-party vendors for the types of services rendered to Harmony Point. The Custodian may discount or waive fees it would otherwise charge for some of these services or all or a part of the fees of a third party providing these services to Harmony Point. Additional Compensation Received from Custodians Harmony Point may participate in institutional customer programs sponsored by broker- dealers or Custodians. Harmony Point may recommend these broker-dealers or Custodians to clients for custody and brokerage services. There is no direct link between Harmony Point’s participation in such programs and the investment advice it gives to its clients, although Harmony Point receives economic benefits through its participation in the programs that are typically not available to retail investors. These benefits may include the following products and services (provided without cost or at a discount): ▪ receipt of duplicate client statements and confirmations; Page 32  Item 12: Brokerage Practices ▪ research-related products and tools; ▪ consulting services; ▪ access to a trading desk serving Harmony Point participants; ▪ access to block trading (which provides the ability to aggregate securities transactions for execution and then allocate the appropriate shares to client accounts); ▪ the ability to have advisory fees deducted directly from client accounts; ▪ access to an electronic communications network for client order entry and account information; ▪ access to mutual funds with no transaction fees and to certain institutional money managers; ▪ discounts on compliance, marketing, research, technology, and practice management products or services provided to Harmony Point by third-party vendors. The Custodian may also pay for business consulting and professional services received by Harmony Point’s related persons, and may pay or reimburse expenses (including client transition expenses, travel, lodging, meals and entertainment expenses for Harmony Point’s personnel to attend conferences). Some of the products and services made available by such Custodian through its institutional customer programs may benefit Harmony Point but may not benefit its client accounts. These products or services may assist Harmony Point in managing and administering client accounts, including accounts not maintained at the Custodian as applicable. Other services made available through the programs are intended to help Harmony Point manage and further develop its business enterprise. The benefits received by Harmony Point or its personnel through participation in these programs do not depend on the amount of brokerage transactions directed to the broker-dealer. Harmony Point also participates in similar institutional advisor programs offered by other independent broker-dealers or trust companies, and its continued participation may require Harmony Point to maintain a predetermined level of assets at such firms. In connection with its participation in such programs, Harmony Point will typically receive benefits similar to those listed above, including research, payments for business consulting and professional services received by Harmony Point’s related persons, and reimbursement of expenses (including travel, lodging, meals and entertainment expenses for Harmony Point’s personnel to attend conferences sponsored by the broker-dealer or trust company). As part of its fiduciary duties to clients, Harmony Point endeavors at all times to put the interests of its clients first. Clients should be aware, however, that the receipt of economic benefits by Harmony Point or its related persons in and of itself creates a conflict of interest and indirectly influences Harmony Point’s recommendation of broker-dealers for custody and brokerage services. The Firm’s Interest in Custodian’s Services The availability of these services from the Custodian benefits the Firm because the Firm does not have to produce or purchase them. The Firm does not have to pay for the Custodian’s services so long as a certain minimum of client assets is kept in accounts at the Custodian. Page 33  Item 12: Brokerage Practices Custodian’s services give the Firm an incentive to recommend that clients maintain their accounts with the Custodian based on the Firm’s interest in receiving the Custodian’s services that benefit the Firm’s business rather than based on the client’s interest in receiving the best value in custody services and the most favorable execution of client transactions. This is a conflict of interest. The Firm believes, however, that the selection of the Custodian as Custodian and broker is in the best interest of clients. It is primarily supported by the scope, quality, and price of the Custodian’s services and not the Custodian’s services that benefit only the Firm. Brokerage for Client Referrals Harmony Point does not engage in the practice of directing brokerage commissions in exchange for the referral of advisory clients. Directed Brokerage Harmony Point Recommendations Harmony Point typically recommends AssetMark or Schwab as Custodian for clients’ funds and securities and to execute securities transactions on its clients’ behalf. Client-Directed Brokerage Harmony Point does not permit clients to direct brokerage. B. Aggregating Securities Transactions for Client Accounts Best Execution Harmony Point, pursuant to the terms of its investment advisory agreement with clients, has discretionary authority to determine which securities are to be bought and sold and the amount of such securities. Harmony Point recognizes that the analysis of execution quality involves a number of factors, both qualitative and quantitative. Harmony Point will follow a process in an attempt to ensure that it is seeking to obtain the most favorable execution under the prevailing circumstances when placing client orders. These factors include but are not limited to the following: ▪ financial strength, reputation and stability of the broker; ▪ efficiency with which the transaction is effected; ▪ ability to effect prompt and reliable executions at favorable prices (including the applicable dealer spread or commission, if any); ▪ availability of the broker to stand ready to effect transactions of varying degrees of difficulty in the future; ▪ efficiency of error resolution, clearance and settlement; ▪ block trading and positioning capabilities; ▪ performance measurement; Page 34  Item 12: Brokerage Practices ▪ online access to computerized data regarding customer accounts; ▪ availability, comprehensiveness, and frequency of brokerage and research services; ▪ commission rates; ▪ economic benefit to the client; ▪ related matters involved in the receipt of brokerage services. Consistent with its fiduciary responsibilities, Harmony Point seeks to ensure that clients receive best execution with respect to clients’ transactions by blocking client trades to reduce commissions and transaction costs. To the best of Harmony Point’s knowledge, these Custodians provide high-quality execution, and Harmony Point’s clients do not pay higher transaction costs in return for such execution. Commission rates and securities transaction fees charged to effect such transactions are established by the client’s independent Custodian and/or broker-dealer. Based upon its own knowledge of the securities industry, Harmony Point believes that such commission rates are competitive within the securities industry. Lower commissions or better execution may be able to be achieved elsewhere. Security Allocation Since Harmony Point may be managing accounts with similar investment objectives, Harmony Point may aggregate orders for securities for such accounts. In such event, allocation of the securities so purchased or sold, as well as expenses incurred in the transaction, is made by Harmony Point in the manner it considers to be the most equitable and consistent with its fiduciary obligations to such accounts. Harmony Point’s allocation procedures seek to allocate investment opportunities among clients in the fairest possible way, taking into account the clients’ best interests. Harmony Point will follow procedures to ensure that allocations do not involve a practice of favoring or discriminating against any client or group of clients. Account performance is never a factor in trade allocations. Harmony Point’s advice to certain clients and entities and the action of Harmony Point for those and other clients are frequently premised not only on the merits of a particular investment, but also on the suitability of that investment for the particular client in light of his or her applicable investment objective, guidelines and circumstances. Thus, any action of Harmony Point with respect to a particular investment may, for a particular client, differ or be opposed to the recommendation, advice, or actions of Harmony Point to or on behalf of other clients. Order Aggregation Orders for the same security entered on behalf of more than one client will generally be aggregated (i.e., blocked or bunched) subject to the aggregation being in the best interests of all participating clients. Subsequent orders for the same security entered during the same trading day may be aggregated with any previously unfilled orders. Subsequent orders may also be aggregated with filled orders if the market price for the security has not materially changed and the aggregation does not cause any unintended duration exposure. All clients participating Page 35  Item 12: Brokerage Practices in each aggregated order will receive the average price and, subject to minimum ticket charges and possible step outs, pay a pro rata portion of commissions. To minimize performance dispersion, “strategy” trades should be aggregated and average priced. However, when a trade is to be executed for an individual account and the trade is not in the best interests of other accounts, then the trade will only be performed for that account. This is true even if Harmony Point believes that a larger size block trade would lead to best overall price for the security being transacted. Allocation of Trades All allocations will be made prior to the close of business on the trade date. In the event an order is “partially filled,” the allocation will be made in the best interests of all the clients in the order, taking into account all relevant factors including, but not limited to, the size of each client’s allocation, clients’ liquidity needs and previous allocations. In most cases, accounts will get a pro forma allocation based on the initial allocation. This policy also applies if an order is “over-filled.” Harmony Point acts in accordance with its duty to seek best price and execution and will not continue any arrangements if Harmony Point determines that such arrangements are no longer in the best interest of its clients. Trade Errors From time to time, Harmony Point may make an error in submitting a trade order on the client’s behalf. When this occurs, Harmony Point may place a correcting trade with the broker-dealer. If an investment gain results from the correcting trade, the gain will remain in client’s account unless the same error involved other client account(s) that should have received the gain, it is not permissible for client to retain the gain, or Harmony Point confers with client and client decides to forego the gain (e.g., due to tax reasons). If the gain does not remain in client’s account and Schwab is the Custodian, Schwab will donate the amount of any gain $100 and over to charity. If a loss occurs greater than $100, Harmony Point will pay for the loss. Schwab will maintain the loss or gain (if such gain is not retained in client’s account) if it is under $100 to minimize and offset its administrative time and expense. Generally, if related trade errors result in both gains and losses in client’s account, they may be “netted.” Page 36  Item 13: Review of Accounts Item 13: Review of Accounts A. Schedule for Periodic Review of Client Accounts or Financial Plans and Advisory Persons Involved Accounts are reviewed by Marek Pfeil, President. The frequency of reviews is determined based on the client’s investment objectives, but reviews are conducted no less frequently than annually. More frequent reviews may also be triggered by a change in the client’s investment objectives, tax considerations, large deposits or withdrawals, large purchases or sales, loss of confidence in the underlying investment, or changes in macro-economic climate. The Firm will reach out to clients annually to offer a review and update of their financial plan. Clients may also request a review of their plan at any time. B. Review of Client Accounts on Non-Periodic Basis Harmony Point may perform ad hoc reviews on an as-needed basis if there have been material changes in the client’s investment objectives or risk tolerance, or a material change in how Harmony Point formulates investment advice. C. Content of Client-Provided Reports and Frequency The client’s independent Custodian provides account statements directly to the client no less frequently than quarterly. The Custodian’s statement is the official record of the client’s securities account and supersedes any statements or reports created on behalf of the client by Harmony Point. Page 37  Item 14: Client Referrals and Other Compensation Item 14: Client Referrals and Other Compensation A. Economic Benefits Provided to the Advisory Firm from External Sources and Conflicts of Interest Harmony Point receives an economic benefit from Custodians in the form of the support products and services it makes available to us. These products and services, how they benefit us, and the related conflicts of interest are described above under Item 12 Brokerage Practices. The availability to us of Custodians’ products and services is not based on us giving particular investment advice, such as buying particular securities for our clients. B. Advisory Firm Payments for Client Referrals Harmony Point does not pay for client referrals. Page 38  Item 15: Custody Item 15: Custody Harmony Point is considered to have custody of client assets for purposes of the Advisers Act for the following reasons: ▪ The client authorizes us to instruct their Custodian to deduct our advisory fees directly from the client’s account. The Custodian maintains actual custody of clients’ assets. ▪ Our authority to direct client requests, utilizing standing instructions, for wire transfer of funds for first-party money movement and third-party money movement (checks and/or journals, ACH, Fed-wires). The Firm has elected to meet the SEC’s seven conditions to avoid the surprise custody exam, as outlined below: 1. The client provides an instruction to the qualified Custodian, in writing, that includes the client’s signature, the third party’s name, and either the third party’s address or the third party’s account number at a Custodian to which the transfer should be directed. 2. The client authorizes the investment adviser, in writing, either on the qualified Custodian’s form or separately, to direct transfers to the third party either on a specified schedule or from time to time. 3. The client’s qualified Custodian performs appropriate verification of the instruction, such as a signature review or other method to verify the client’s authorization, and provides a transfer of funds notice to the client promptly after each transfer. 4. The client has the ability to terminate or change the instruction to the client’s qualified Custodian. 5. The investment adviser has no authority or ability to designate or change the identity of the third party, the address, or any other information about the third party contained in the client’s instruction. 6. The investment adviser maintains records showing that the third-party is not a related party of the investment adviser or located at the same address as the investment adviser. 7. The client’s qualified Custodian sends the client, in writing, an initial notice confirming the instruction and an annual notice reconfirming the instruction. Individual advisory clients will receive at least quarterly account statements directly from their Custodian containing a description of all activity, cash balances, and portfolio holdings in their accounts. Clients are urged to compare the account balance(s) shown on their account statements to the quarter-end balance(s) on their Custodian's monthly statement. The Custodian’s statement is the official record of the account. Page 39  Item 16: Investment Discretion Item 16: Investment Discretion Clients may grant a limited power of attorney to Harmony Point with respect to trading activity in their accounts by signing the appropriate Custodian limited power of attorney form. In those cases, Harmony Point will exercise full discretion as to the nature and type of securities to be purchased and sold and the amount of securities for such transactions. Investment limitations may be designated by the client as outlined in the investment advisory agreement. In addition, subject to the terms of its investment advisory agreement, Harmony Point may be granted discretionary authority for the retention of independent third-party investment management firms. Please see the applicable third-party manager’s disclosure brochure for detailed information relating to discretionary authority. Page 40  Item 17: Voting Client Securities Item 17: Voting Client Securities Harmony Point does not take discretion with respect to voting proxies on behalf of its clients. All proxy material will be forwarded to the client by the client’s Custodian for the client’s review and action. Clients may contact the Firm with questions regarding proxies they have received. Harmony Point will endeavor to make recommendations to clients on voting proxies regarding shareholder vote, consent, election or similar actions solicited by, or with respect to, issuers of securities beneficially held as part of Harmony Point supervised and/or managed assets. In no event will Harmony Point take discretion with respect to voting proxies on behalf of its clients. Except as required by applicable law, Harmony Point will not be obligated to render advice or take any action on behalf of clients with respect to assets presently or formerly held in their accounts that become the subject of any legal proceedings, including bankruptcies. From time to time, securities held in the accounts of clients will be the subject of class action lawsuits. Harmony Point has no obligation to determine if securities held by the client are subject to a pending or resolved class action lawsuit. Harmony Point also has no duty to evaluate a client’s eligibility or to submit a claim to participate in the proceeds of a securities class action settlement or verdict. Furthermore, Harmony Point has no obligation or responsibility to initiate litigation to recover damages on behalf of clients who may have been injured as a result of actions, misconduct, or negligence by corporate management of issuers whose securities are held by clients. Where Harmony Point receives written or electronic notice of a class action lawsuit, settlement, or verdict affecting securities owned by a client, it will forward all notices, proof of claim forms, and other materials to the client. Electronic mail is acceptable where appropriate and where the client has authorized contact in this manner. Page 41  Item 18: Financial Information Item 18: Financial Information A. Balance Sheet Harmony Point does not require the prepayment of fees of $1,200 or more, six months or more in advance, and as such is not required to file a balance sheet. B. Financial Conditions Reasonably Likely to Impair Advisory Firm’s Ability to Meet Commitments to Clients Harmony Point does not have any financial issues that would impair its ability to provide services to clients. C. Bankruptcy Petitions During the Past Ten Years There is nothing to report on this item. Page 42