REZNY WEALTH MANAGEMENT, INC.

FORM ADV PART 2A BROCHURE February 9, 2026 Rezny Wealth Management, Inc. A Fee-Only Registered Investment Advisor OFFICE LOCATIONS: Mailing Address: 5237 Summerlin Commons Blvd., Suite 206, Fort Myers, FL 33907 5237 Summerlin Commons Blvd., Suite 206, Fort Myers, FL 33907 75 Executive Drive, Suite 325, Aurora, IL 60504 ADDITIONAL MEETING LOCATIONS: 2385 NW Executive Center Dr., Suite 100, Boca Raton, FL 33431 1415 Panther Lane, Suite 395, Naples, FL 34109 Phone: (800) 618-8577 or (630) 527-1897 Fax: (630) 527-9239 www.ReznyWealth.com Email: brianrezny@reznywealth.com This brochure provides information about the qualifications and business practices of Rezny Wealth Management, Inc. If you have any questions about the contents of this brochure, please contact us at telephone number 630.527.1897. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. Additional information about Rezny Wealth Management, Inc. is also available on the SEC's website at www.adviserinfo.sec.gov. The searchable IARD/CRD number for Rezny Wealth Management, Inc. is 109638. Rezny Wealth Management, Inc. is a Registered Investment Advisor. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training. 1  Item 2 Material Changes Form ADV Part 2 requires registered investment advisers to amend their brochure when information becomes materially inaccurate. If there are any material changes to an adviser's disclosure brochure, the adviser is required to notify you and provide you with a description of the material changes. Since our last annual updating amendment dated March 4, 2025, we have no material changes to report. Generally, Rezny Wealth Management, Inc. will notify clients of material changes on an annual basis. However, where we determine that an interim notification is either meaningful or required, we will notify our clients promptly. In either case, we will notify our clients in a separate document. 2  Item 3 Table Of Contents Item 1 Cover Page Item 2 Material Changes Item 3 Table Of Contents Item 4 Advisory Business Item 5 Fees and Compensation Item 6 Performance-Based Fees and Side-By-Side Management Item 7 Types of Clients Item 8 Methods of Analysis, Investment Strategies and Risk of Loss Item 9 Disciplinary Information Item 10 Other Financial Industry Activities and Affiliations Item 11 Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Item 12 Brokerage Practices Item 13 Review of Accounts Item 14 Client Referrals and Other Compensation Item 15 Custody Item 16 Investment Discretion Item 17 Voting Client Securities Item 18 Financial Information Item 19 Additional Information Page 1 Page 2 Page 3 Page 4 Page 5 Page 7 Page 7 Page 7 Page 11 Page 11 Page 11 Page 12 Page 15 Page 15 Page 15 Page 16 Page 16 Page 16 Page 16 3  Item 4 Advisory Business Rezny Wealth Management, Inc., ("we", "us", "our", "RWM" or the "firm") is a Fee-Only Registered Investment Advisor based in the state of Florida, with additional offices in Aurora, IL. We are organized as a corporation under the laws of the State of Florida. RWM has been providing Investment Advisory Services since 1992. Brian Charles Rezny is the firm's founder, President, Principal Owner and Chief Compliance Officer. Investment Advisory Services Rezny Wealth Management offers investment advisory/money management services on a Fee- Only basis to its clients, which are primarily individuals. Investment advisory/money management services focus on active portfolio management for each client's goals, objectives and risk profile. Rezny Wealth Management primarily utilizes Stocks, Bonds and Exchange Traded Funds "ETFs" in the management of your portfolios, as described in Item 8 below. Investment Advisory/Portfolio Management Services • • Financial Planning Services We provide discretionary Investment Advisory/Portfolio Management Services where the investment advice provided is tailored to meet your needs and investment objectives. Our firm offers different investment management styles based on client goals, objectives and risk profile: Aggressive Growth, Growth, Balanced, Balanced Income or Customized at our discretion. We require that you meet certain investment suitability requirements before being accepted for Investment Advisory Services. Suitability requirements include net worth, investment goals, income, financial condition, ability to accept financial risk, ability to accept day to day & year to year investment volatility, etc. We will utilize the discovery/suitability information we gather from our initial meeting to determine your goals, objectives and risk profile and assign a suitable portfolio style or model. You will grant us written authorization to manage your account on a discretionary basis and perform various investment management functions, without further approval from you. Once the portfolio is constructed, we will provide continuous supervision and management of the portfolios to maintain alignment with your stated financial objectives as changes in market conditions, investment conditions and economic conditions occur. Financial Planning Services: We may provide as necessary or as requested by the client, financial planning advice. We will provide general consulting Financial Planning services that address only those specific areas of interest, need or concern to you. Financial Planning services are available to you if you engage us for Investment Advisory Services. Financial Planning services are at no additional cost and are included, if you are under an investment advisory relationship with our firm. Financial Planning services can include retirement planning, estate planning review, insurance planning review, financing options, and any other financial situation a client requests and is in the scope of our work. Annuity Sub-Accounts Advisory: Under limited circumstances - From time to time we may accept a new client who was previously sold a commission annuity from a previous advisor with a high expense ratio and embedded taxes. We can utilize No-Commission, No-Load, Low-Cost Variable Annuities as a replacement for a client that has an existing annuity issue. It is at the discretion of RWM to accept a client with this specific annuity issue. Tax protection/reduction and expense reduction 4  would be the principal criteria for this strategy/decision and would only be applicable to clients who already own an annuity. RWM would utilize a No-Commission, No-Load, Low-Cost Variable Annuity under this limited special purpose advisory arrangement. Wrap Fee Programs Rezny Wealth Management does not participate in any wrap fee programs. Asset Under Management As of January 12, 2026, we manage $506,000,000 in client assets on a discretionary basis. Other Business Rezny Wealth Management does not have outside business activities. Trustee Directed ERISA Plans RWM may be engaged to provide discretionary investment advisory services to The Employee Retirement Income Security Act of 1974 ("ERISA") retirement plans, whereby the firm shall manage Plan assets consistent with the investment objective designated by the Plan trustees. RWM would serve as investment fiduciary, offering plan-level advice regarding fund selection, investment options, investment performance monitoring, and/or ongoing consulting. RWM will generally provide services on an asset under management fee basis per the terms of an Investment Advisory Agreement between the plan and the firm. Retirement Rollover/Transfers Regarding IRA direct transfers/rollovers, Qualified plan rollovers, including IRAs, 401k, 403B, pension plans and all other qualified plans not previously mentioned: Client(s) acknowledge(s) they have contacted RWM to engage our Advisory/Money Management services for all the above referenced Qualified plans/IRA rollovers. At no point, did RWM solicit or recommend to Client(s) to rollover Qualified plans/IRA rollovers from current Qualified plans/IRA accounts to RWM. The client acknowledges they fully understand "All" the positives or negatives, the expense structure whether higher or lower than they are currently paying, any tax consequences positive or negative incurred with the client(s) decision to solicit RWM for the Qualified plans/IRA rollovers to RWM Advisory/Money Management services. The Client(s) acknowledge(s) they are seeking active management of their respective Qualified plans/IRAs and want the professional services RWM provides as the Client does not want to self-manage above mentioned accounts or are not happy with the current advice they are receiving. Client Obligation It remains each client's responsibility to promptly notify us if there are ever any changes in their financial situation or investment objectives, or any material changes that would affect our professional relationship. Investment Risk We do not represent, warrant, or imply that the services or methods of analysis employed by our firm can or will predict future results. Past performance is not a guarantee of future results. Item 5 Fees and Compensation The client engages Rezny Wealth Management to provide discretionary investment advisory/money management services on a Fee-Only basis. Our annual investment advisory fee shall be based upon a percentage (%) of the market value of assets placed under RWM's management as follows: 5  The annualized fee for Investment Advisory Account Services are as follows: Stock, Bond, ETFs combination asset Accounts: Assets Under Management Annualized Fee* First $500,000 1.50% Next $500,000 & over 1.00% Annuity Sub-Accounts: Assets Under Management Annualized Fee* First $500,000 1.50% Next $500,000 & over 1.00% The annual fee for Investment Advisory Services is billed quarterly in advance based on the market value of the assets on the last day of the previous quarter. The total portfolio value will be determined using the value of cash plus securities priced as of the last business day of the previous quarter. Fees will be assessed pro rata in the event the investment advisory services agreement is executed at any time other than the first day of the billing period. We require a minimum of $2,000,000 to open and maintain an Investment Advisory account, except as noted on item 7 below. RWM, in its discretion may charge a lesser investment advisory fee. This is at the sole discretion of RWM. *Break Points on advisory fees for the accounts at Jefferson National and Nationwide will not be combined for break points on other Investment Advisory Accounts. *Investment Advisory Accounts are managed separately from sub-accounts in Variable Annuities. Billing Practices Payment of Investment Advisory fees will be made by the qualified custodian holding your funds and securities, provided that you grant written authorization permitting the fees to be paid directly from your account. We will not have access to your funds for payment of fees without your consent in writing. Further, the qualified custodian agrees to deliver an account statement, at least quarterly, directly to you showing all disbursements from your account. We encourage you to reconcile our invoices with the statement(s) you receive from the qualified custodian. If you find any inconsistent information between our invoice and the statement(s) you receive from the qualified custodian, please call our main office number located on the cover page of this brochure. Our firm will have electronic access to account statements, or it will receive duplicate copies of statements delivered to you. Please refer to the "Advisory Business" section in this Brochure for information on our advisory fees, fee deduction arrangements, and refund policy according to each service we offer. Additional Fees and Expenses As part of our Investment Advisory Services to you, we may invest, or recommend that you invest, in mutual funds and exchange traded funds. The fees that you pay to our firm for investment advisory services are separate and distinct from the fees and expenses charged by mutual funds or exchange traded funds (described in each fund's prospectus) to their shareholders. These fees will generally include a management fee and other fund expenses. You will also incur transaction charges and/or brokerage fees when purchasing or selling securities. These charges and fees are typically imposed by the broker-dealer or custodian through whom your account transactions are executed. We do not 6  share in any portion of the brokerage fees/transaction charges imposed by the broker-dealer or custodian. To fully understand the total cost you will incur, you should review all the fees charged by mutual funds, exchange traded funds, our firm, and others. For information on our brokerage practices, please refer to the "Brokerage Practices" section of this Brochure. Rezny Wealth Management, Inc. does not receive or share in any commission-based compensation or 12b(1) fees. Rezny Wealth Management, Inc. and our associated persons' only compensation is the investment advisory fees paid by Client. Rezny Wealth Management is Fee-Only. Cancellation or Termination of Advisory Agreement The Investment Advisory Agreement between RWM and client will continue in effect until terminated by either party by written notice in accordance with the terms of the Investment Advisory Agreement. Upon written notice of termination by either party, RWM shall refund the pro-rated portion of the advanced advisory fee paid, based on number of days remaining in billing quarter. New clients also have five "5" business days after executing the Investment Advisory Agreement to terminate RWM services without penalty. Other Compensation Neither Rezny Wealth Management, nor its employees or advisors accept or receive compensation/commissions from the sale of securities, annuities or other financial products. Rezny Wealth Management is Fee-Only. Additional Information Trade Error Policy On infrequent occasions, a trade error may be made in your account. If Rezny Wealth Management makes an error when submitting a trade order on a client's behalf, it is RWM policy that the error be corrected as soon as possible and in such a manner that the affected client is not disadvantaged and bears no loss. Immediately upon recognition of an error, we will contact the broker-dealer (i.e., Schwab), to initiate any correcting action necessary to rectify the error. For this purpose, our firm maintains an "error account" with Schwab. If a trade error results in a profit, it remains in the error account of the executing broker/dealer or account custodian and will not be allocated to your account. Item 6 Performance-Based Fees and Side-By-Side Management Neither Rezny Wealth Management nor any supervised person of RWM accept performance-based fees. Item 7 Types of Clients We offer Investment Advisory Services to individuals, pension and profit-sharing plans. We require a minimum of $2,000,000 to open and maintain an Investment Advisory Agreement/Services. At our discretion, we may waive or adjust this minimum asset size. Item 8 Methods of Analysis, Investment Strategies and Risk of Loss Our investment strategies and advice may vary depending upon each client's specific financial situation. As such, we determine investments and allocations based upon your predefined objectives, risk tolerance, time horizon, financial horizon, financial information, liquidity needs, and other various suitability factors. 7  Research and Analysis We utilize various independent research materials in our investment and portfolio analysis and investment management, including but not limited to: Standard & Poor's, Morningstar, Seeking Alpha, Recession Alerts, iMarket Signals, No Spin Forecast, Stock Charts, Securities and Exchange Commission Filings, Annual Reports, Investment Conferences, Conference Calls, and Various Independent Investment Research Reports, etc. Additionally, we may use one or more of the following methods of analysis when formulating investment advice: • Charting Analysis - involves the gathering and processing of price and volume information for a particular security. This price and volume information is analyzed using mathematical equations. The resulting data is then applied to graphing charts, which is used to predict future price movements based on price patterns and trends. • Fundamental Analysis - involves analyzing individual companies and their industry groups, such as a company's financial statements, details regarding the company's product line, the experience and expertise of the company's management, and the outlook for the company's industry. The resulting data is used to measure the true value of the company's stock compared to the current market value. • Relative Strength Analysis - is associated with technical analysis that helps evaluate the momentum of the investment or investment sectors being analyzed. Relative Strength measures a particular investment or investment sector price change over a given time frame and compares that change to the change in other investment sectors. Higher Relative Strength is used to determine investment sectors more suitable for investment. • Technical Analysis - involves studying past price patterns and trends in the financial markets to predict the direction of both the overall market and specific stocks. • Cyclical Analysis - a type of technical analysis that involves evaluating recurring price patterns and trends. Investment Strategy Global Tactical Opportunity Portfolios (GTOP) Rezny Wealth Management four broad categories: Aggressive Growth Designed for clients whose primary objective is Aggressive Growth of asset base, willing to accept higher volatility. Income is not a primary consideration. Stock and ETFs exposure. Growth Designed for clients whose primary objective is Growth of asset base, willing to accept higher volatility. Income is not a primary consideration. Stock and ETFs exposure. Balanced Designed for clients whose primary objective is Moderate Growth and Income of asset base, willing to accept a moderate degree of volatility. Income is a consideration. ETFs exposure. Balanced Income Designed for clients whose primary objective is Low Growth, more Income of asset base, willing to accept a moderate degree of volatility. Income is a consideration. ETFs exposure. Global Tactical Opportunity Portfolios (GTOP) A Quantitative and Fundamental Investment Strategy Detailed research on portfolio investments before and after implemented into portfolio Portfolio positions reviewed daily Investments and investment sectors adjustments made when necessary Prudent Risk Management 8  Rezny Wealth Management primarily utilizes Stocks, Bonds and Exchange Traded Funds "ETFs" in the management of your portfolios. We are not limited to Stocks, Bonds and ETFs and could utilize other investments from time to time if we deem appropriate (investments such as mutual funds, Money Markets funds, US and International investments, etc). We may use strategies that involve long-term purchases, where securities are purchased with the expectation that the value of those securities will grow over a relatively long period of time, generally greater than one year. We may also use short-term purchases, where securities are purchased and sold within a relatively short period of time, generally less than one year, to take advantage of the securities' short-term price fluctuations. Risk of Loss Investing in the stock and bond market and in individual securities involves risk of loss. It should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended or undertaken by Rezny Wealth Management) will be profitable or equal any specific performance level. We do not represent, warrant, or imply that the services or methods of analysis employed by our firm can or will predict future results, successfully identify market tops or bottoms, or insulate you from losses due to market corrections or declines. Material Risks As part of our investment strategy, Rezny Wealth Management allocates client investment assets among various individual stocks, ETFs and/or mutual funds, bonds and other fixed income securities, or cash on a discretionary basis in accordance with the client's designated investment objective(s), as outlined above. Our methods of analysis and investment strategies do not present any unusual risks; however, every method of analysis or investment strategy has its own inherent risks. To perform an accurate market analysis, RWM must have access to current/new market information. We have no control over the timeliness or accuracy of market information; therefore, certain analyses may be based on market information that is outdated or inaccurate, thereby limiting the value of resulting analysis. Furthermore, an accurate market analysis can only produce a forecast of the level of market risk or direction of market values. There can be no assurances that such forecasts will materialize into actionable and/or profitable investment opportunities, or that RWM will correctly measure and adequately protect against the level of market risk. At any specific point in time, depending upon perceived or anticipated market conditions/events, Rezny Wealth Management may maintain substantial cash positions for defensive purposes. There is no guarantee that such anticipated market conditions/events will occur, in which case the cash level of the account may reduce the potential gain from what it otherwise may have been. Also, RWM may utilize long and short mutual funds and/or ETFs that perform in an inverse relationship to certain market indexes and reduce overall market exposure in the portfolio when there is significant risk of a severe market correction or bear market. There is, however, no guarantee that such a correction or bear market will occur, in which case potential gains in the portfolio will be reduced from what they might otherwise have been. Different types of investments involve varying degrees of risk, and it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended or undertaken by Rezny Wealth Management) will be profitable or equal any specific performance level. 9  Types of Securities As disclosed under the "Advisory Business" section in this Brochure, we primarily offer advice on Equity and Debt securities including Exchange Traded Funds (ETFs), Individual Stocks, Bonds and Mutual Funds. Each type of security has its own unique set of risks associated with it and it would not be possible to list here all the specific risks of every type of investment. Even within the same type of investment, risks can vary widely. However, in very general terms, the higher the anticipated return of an investment, the higher the risk of loss associated with it. You should be advised of the following risks when investing in these types of securities: There are numerous ways of measuring the risk of equity securities (also known simply as "equities" or "stock"). In very broad terms, the value of a stock depends on the financial health of the company issuing it. However, stock prices can be affected by many other factors including, but not limited to the class of stock (for example, preferred or common); the health of the market sector of the issuing company; and the overall health of the economy. In general, larger, better-established companies ("large cap") tend to be safer than smaller start-up companies ("small cap"), but the mere size of an issuer is not, by itself, an indicator of the safety of the investment. Mutual funds and exchange traded funds (ETFs) are professionally managed collective investment systems that pool money from many investors and invest in stocks, bonds, short-term money market instruments, other mutual funds, other securities or any combination thereof. The fund will have a manager that trades the fund's investments in accordance with the fund's investment objective. While mutual funds and ETFs generally provide diversification, risks can be significantly increased if the fund is concentrated in a particular sector of the market, primarily invests in small cap or speculative companies, uses leverage (i.e., borrows money) to a significant degree, or concentrates in a particular type of security (i.e., equities) rather than balancing the fund with different types of securities. Exchange traded funds differ from mutual funds since they can be bought and sold throughout the day like stocks, and their price can fluctuate throughout the day. The returns on mutual funds and ETFs can be reduced by the costs to manage the funds. Also, while some mutual funds are "no-load" and charge no fee to buy into, or sell out of the funds, other types of mutual funds do charge such fees, which can also reduce returns. Mutual funds can also be "closed-end" or "open-end". So-called "open- end" mutual funds continue to allow in new investors indefinitely, which can dilute other investors' interests. Tax Considerations Tax efficiency or tax reduction is not our primary consideration in the management of your assets. Regardless of your account size or any other factors, we strongly recommend that you continuously consult with a tax professional prior to and throughout the investing of your assets. You are responsible for contacting your tax advisor to determine if the default accounting method is the right choice for you. If your tax advisor believes another accounting method is more advantageous, please provide written notice to our firm immediately and we will alert your account custodian of your individually selected accounting method. 10  Item 9 Disciplinary Information We are required to disclose any legal or disciplinary events that are material to a client's or prospective client's evaluation of our advisory business or the integrity of our management. Neither Rezny Wealth Management nor any of our management personnel or advisors has ever been the subject of any legal or disciplinary events. Item 10 Other Financial Industry Activities and Affiliations Rezny Wealth Management does not receive, directly or indirectly, compensation/commissions from other investment advisors, broker dealers or insurance companies. We have not provided information on other financial industry activities and affiliations because we do not have any relationship or arrangement that is material to our advisory business or to our clients. Item 11 Code of Ethics, Participation or Interest in Client Transactions and Personal Trading We strive to comply with applicable laws and regulations governing our practices. Therefore, our Code of Ethics includes guidelines for professional standards of conduct for our Associated Persons and all our employees. Our goal is to protect your interests at all times and to demonstrate our commitment to our fiduciary duties of honesty, good faith, and fair dealing with you. All our Associated Persons and employees are expected to adhere strictly to these guidelines. Our Code of Ethics also requires that certain persons associated with our firm submit reports of their personal account holdings and transactions to a qualified representative of our firm who will review these reports on a periodic basis. Persons associated with our firm are also required to report any violations of our Code of Ethics. Additionally, we maintain and enforce written policies reasonably designed to prevent the misuse or dissemination of material, non-public information about you or your account holdings by persons associated with our firm. The employees of Rezny Wealth Management, Inc. have committed to a Code of Ethics and Fiduciary Oath as outlined by the National Association of Personal Financial Advisors (NAPFA). The key points are putting the clients' interest first, objectivity, confidentiality, competence, fairness and suitability, integrity and honesty, regulatory compliance, full disclosure, and professionalism. CFP designees are also held to a Code of Ethics as outlined by the CFP Board of Standards. Our Code of Ethics is available to you upon request. You may obtain a copy of our Code of Ethics by contacting RWM at the telephone number located on the cover of this brochure. From time to time, our firm or our Associated Persons may buy or sell securities that are recommended to you or securities in which you are invested. A conflict of interest exists in such cases because we have the ability to trade ahead of you and potentially receive more favorable prices than you will receive. To mitigate this conflict of interest, it is our policy that neither our Associated Persons nor we shall have priority over your account in the purchase or sale of securities. Aggregated Trading Our firm or persons associated with our firm may buy or sell securities for you at the same time we or persons associated with our firm buy or sell such securities for our own account. We may also combine our orders to purchase securities with your orders to purchase securities ("aggregated trading"). Refer to the Brokerage Practices section in this brochure for information on our aggregated trading practices. 11  A conflict of interest exists in such cases because we have the ability to trade ahead of you and potentially receive more favorable prices than you will receive. To eliminate this conflict of interest, it is our policy that neither our firm nor persons associated with our firm shall have priority over your account in the purchase or sale of securities. Item 12 Brokerage Practices We require you to grant our firm discretionary authority over the selection and amount of securities to be bought and/or sold for your account without obtaining your prior consent or approval. The trading authority will allow us to take advantage of time-sensitive market conditions in securities, which are consistent with your prior stated investment objectives. Our firm recommends the brokerage and custodial services of Charles Schwab & Co., Inc. (" Schwab"), a securities broker-dealer and a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation. The custodian and brokers we use - Charles Schwab We do not maintain custody of your assets that we manage or on which we advise, although we may be deemed to have custody of your assets if you give us authority to withdraw assets from your account (see Item 15—Custody, below). Your assets must be maintained in an account at a "qualified custodian," generally a broker-dealer or bank. We require that our clients use Charles Schwab & Co., Inc. (Schwab), a registered broker-dealer, member SIPC, as the qualified custodian, when investing in the Advisor's model portfolios. We are independently owned and operated and are not affiliated with Schwab. Schwab will hold your assets in a brokerage account and buy and sell securities when we instruct them to. While we recommend that you use Schwab as custodian/broker, you will decide whether to do so and will open your account with Schwab by entering into an account agreement directly with them. Conflicts of interest associated with this arrangement are described below as well as in Item 14 (Client referrals and other compensation). You should consider these conflicts of interest when selecting your custodian. We do not open the account for you, although we may assist you in doing so. Not all advisors require their clients to use a particular broker-dealer or other custodian selected by the advisor. Even though your account is maintained at Schwab, and we anticipate that most trades will be executed through Schwab, we can still use other brokers to execute trades for your account as described below (see "Your brokerage and custody costs"). How we select brokers/custodians We seek to use Schwab, a custodian/broker that will hold your assets and execute transactions. When considering whether the terms that Schwab provides are, overall, most advantageous to you when compared with other available providers and their services, we consider a wide range of factors, including: • Combination of transaction execution services and asset custody services (generally without a separate fee for custody) • Capability to execute, clear, and settle trades (buy and sell securities for your account) • Capability to facilitate transfers and payments to and from accounts (wire transfers, check requests, bill payment, etc.) • Breadth of available investment products (stocks, bonds, mutual funds, exchange-traded funds ("ETFs"), etc.) 12  • 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 the prices • Reputation, financial strength, security and stability • Prior service to us and our clients • Services delivered or paid for by Schwab • Availability of other products and services that benefit us, as discussed below (see "Products and services available to us from Schwab") For our clients' accounts that Schwab maintains, Schwab generally does not charge you separately for custody services but is compensated by charging you commissions or other fees on trades that it executes or that settle into your Schwab account. Certain trades (for example, many mutual funds and ETFs) may not incur Schwab commissions or transaction fees. Schwab is also compensated by earning interest on the uninvested cash in your account in Schwab's Cash Features Program. Schwab charges you a flat dollar amount as a "prime broker" or "trade away" fee for each trade that we have executed by a different broker-dealer, but where the securities bought or the funds from the securities sold are deposited (settled) into your Schwab account. These fees are in addition to the commissions or other compensation you pay the executing broker-dealer. Because of this, to minimize your trading costs, we have Schwab execute most trades for your account. We are not required to select the broker or dealer that charges the lowest transaction cost, even if that broker provides execution quality comparable to other brokers or dealers. Although we are not required to execute all trades through Schwab, we have determined that having Schwab execute most trades is consistent with our duty to seek "best execution" of your trades. Best execution means the most favorable terms for a transaction based on all relevant factors, including those listed above (see "How we select brokers/custodians"). By using another broker or dealer, you may pay lower transaction costs. Products and services available to us from Schwab Schwab Advisor Services™ is Schwab's business serving independent investment advisory firms like us. They provide us and our clients with access to their institutional brokerage services (trading, custody, reporting, and related services), many of which are not typically available to Schwab retail customers. However, certain retail investors may be able to get institutional brokerage services from Schwab without going through us. Schwab also makes available various support services. Some of those services help us manage or administer our clients' accounts, while others help us manage and grow our business. Schwab's support services are generally available on an unsolicited basis (we don't have to request them) and at no charge to us. Following is a more detailed description of Schwab's support services: Services that benefit you. Schwab's institutional brokerage services include access to a broad range of investment products, execution of securities transactions, and custody of client assets. The investment products available through Schwab include some to which we might not otherwise have access or that would require a significantly higher minimum initial investment by our clients. Schwab's services described in this paragraph generally benefit you and your account. Services that do not directly benefit you. Schwab also makes available to us other products and services that benefit us but do not directly benefit you or your account. These products and services assist us in managing and administering our clients' accounts and operating our firm. 13  Provide access to client account data (such as duplicate trade confirmations and account statements) Facilitate trade execution and allocate aggregated trade orders for multiple client accounts Provide pricing and other market data Facilitate payment of our fees from our clients' accounts Assist with back-office functions, recordkeeping, and client reporting Our Interest in Schwab's Services The availability of these services from Schwab benefits us because we do not have to produce or purchase them. We don't have to pay for Schwab's services. These services are not contingent upon us committing any specific amount of business to Schwab in trading commissions or assets in custody. The fact that we receive these benefits from Schwab is an incentive for us to recommend the use of Schwab rather than making such a decision based exclusively on your interest in receiving the best value in custody services and the most favorable execution of your transactions. This is a conflict of interest. We believe, however, that taken in the aggregate, our selection of Schwab as custodian and broker is in the best interests of our clients. Our selection is primarily supported by the scope, quality, and price of Schwab's services (see "How we select brokers/ custodians") and not Schwab's services that benefit only us. Brokerage for Client Referrals We do not receive client referrals from broker-dealers in exchange for cash or other compensation, such as brokerage services or research. Directed Brokerage We suggest that you direct our firm to execute transactions through Schwab. As such, we may be unable to achieve the most favorable execution of your transactions, and you may pay higher brokerage commissions than you might otherwise pay through another broker-dealer that offers the same types of services. Not all advisors require their clients to direct brokerage to a particular custodian. Aggregated Trades We combine multiple orders for shares of the same securities purchased or sold for advisory accounts we manage (this practice is commonly referred to as " aggregated trading"). We will then distribute a portion of the shares to participating accounts in a fair and equitable manner. The distribution of the shares purchased is typically proportionate to the size of the account, but it is not based on account performance or the amount or structure of management fees. Subject to our discretion regarding factual and market conditions, when we combine orders, each participating account pays an average price per share for all transactions and pays a proportionate share of all transaction costs. Accounts owned by our firm or persons associated with our firm may participate in block trading with your accounts; however, they will not be given preferential treatment. It is our policy to rely on the custodian's batch order system with regard to price and account placement. Mutual Fund Share Classes Mutual funds are sold with different share classes, which carry different cost structures. Each available share class is described in the mutual fund's prospectus. When we purchase, or recommend the purchase of, mutual funds for a client, we select the share class that is deemed to be in the client's best interest, taking into consideration cost, tax implications, and other factors. When the fund is available for purchase at net asset value, we will purchase, or recommend the purchase of, the fund at net asset value. We also review the mutual funds held in accounts that come under our management to determine whether a more beneficial share class is available, considering cost, tax implications, and the impact of contingent deferred sales charges. 14  Item 13 Review of Accounts We monitor accounts on a continuous basis to ensure the Investment Advisory Services provided to you are consistent with your investment needs and objectives. Securities held in your account are reviewed daily by Brian C. Rezny, President. Daily reviews focus on changes in the investment markets and changes in the economy. Reviews focus on measurements and assessments of investor sentiment/expectations by industry sector; the strength of the stock market in general; the fundamental and technical strength of those industry sectors held in client portfolios; emerging industry sectors which represent potential candidates for purchase; and the performance of individual securities, ETF's, etc. It is recommended that you meet with, or engage in a telephone review with, Mr. Rezny or our firm at least semi-annually to review your financial status, goals, objectives and investment portfolio. Triggering factors that may stimulate additional reviews and/or meetings include, but are not limited to, changes in market conditions, significant market corrections, large deposits or withdrawals from an account, changes in your objectives, and your request for an additional review. You are encouraged to contact our firm with any questions, or changes in your financial situation or investment guidelines. In addition to detailed monthly or quarterly statements direct from your account(s) custodian, Rezny Wealth Management will also provide additional detailed quarterly reports to summarize your Investment Advisory Accounts. Item 14 Client Referrals and Other Compensation Our firm does not compensate any outside party for client referrals. Charles Schwab & Co., Inc - Institutional We receive an economic benefit from Schwab in the form of the support products and services it makes available to us and other independent investment advisors whose clients maintain their accounts at Schwab. We benefit from the products and services provided because the cost of these services would otherwise be borne directly by us, and this creates a conflict. You should consider these conflicts of interest when selecting a custodian. These products and services, how they benefit us, and the related conflicts of interest are described above (see Item 12—Brokerage Practices). Item 15 Custody We directly debit your account(s) for the payment of our advisory fees. This ability to deduct our advisory fees from your accounts causes our firm to exercise limited custody over your funds or securities. We do not have physical custody of any of your funds and/or securities. Your funds and securities will be held with a bank, broker-dealer, or other independent, qualified custodian. You will receive account statements from the independent, qualified custodian(s) holding your funds and securities at least quarterly. The account statements from your custodian(s) will indicate the amount of our advisory fees deducted from your account(s) each billing period. You should carefully review account statements for accuracy. If you have a question regarding your account statement, or if you did not receive a statement from your custodian, please contact Brian C. Rezny, President and Chief Compliance Officer, at the telephone number located on the cover of this brochure. 15  Item 16 Investment Discretion Before we can buy or sell securities on your behalf, you must first sign our discretionary Investment Advisory Services Agreement, a power of attorney, and/or trading authorization forms. In doing so, you are granting our firm discretion over the selection and amount of securities to be purchased or sold for your account(s) without obtaining your consent or approval prior to each transaction. Please refer to the "Advisory Business" section in this Brochure for more information on our discretionary Investment Advisory Services. Item 17 Voting Client Securities We will not vote proxies on behalf of your Investment Advisory Accounts. At your request, we may offer you advice regarding corporate actions and the exercise of your proxy voting rights. If you own shares of common stock or mutual funds, you are responsible for exercising your right to vote as a shareholder. In most cases, you will receive proxy materials directly from the account custodian. Item 18 Financial Information Our firm does not have any financial conditions or impairments that would prevent us from meeting our contractual commitments to you. We do not take physical custody of client funds or securities, or serve as trustee or signatory for client accounts, and we do not require the prepayment of fees six or more months in advance and in excess of $1,200. Therefore, we are not required to include a financial statement with this brochure. We have not filed a bankruptcy petition at any time in the past ten years. Item 19 Additional Information Your Privacy We view protecting your private information as a top priority. Pursuant to applicable privacy requirements, we have instituted policies and procedures to ensure that we keep your personal information private and secure. We do not disclose any non-public personal information about you to any non-affiliated third parties, except as permitted by law. In the course of servicing your account, we may share some information with our service providers, such as transfer agents, custodians, broker-dealers, accountants, consultants, and attorneys. We restrict internal access to non-public personal information about you to employees who need that information in order to provide products or services to you. We maintain physical and procedural safeguards that comply with regulatory standards to guard your non-public personal information and to ensure our integrity and confidentiality. We will not sell information about you or your accounts to anyone. We do not share your information unless it is required to process a transaction, at your request, or required by law. You will receive a copy of our privacy notice prior to or at the time you sign an Investment Advisory Services Agreement with our firm. Thereafter, we will deliver a copy of the current privacy policy notice to you on an annual basis. If you have any questions regarding this policy, please contact us at the telephone number located on the cover of this brochure. 16