Description of Advisory Firm
Ark Wealth Management, LLC (hereinafter “AWM”) is an investment adviser registered with the
Securities and Exchange Commission. The firm was formed in October 2021 and is owned 100% by Ark
Financial Holdings, which is primarily owned by David Bull.
Types of Advisory Services
Portfolio Management Services
AWM offers ongoing portfolio management services based on the individual goals, objectives, time
horizon, and risk tolerance of each client. AWM creates an Investment Policy Statement 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, the following:
• Investment strategy
• Asset allocation
• Risk tolerance
• Personal investment policy
• Asset selection
• Regular portfolio monitoring
AWM evaluates the current investments of each client with respect to their risk tolerance levels and time
horizon. AWM will request discretionary authority from clients to select securities and execute
transactions without permission from the client prior to each transaction. Risk tolerance levels are
documented in the Investment Policy Statement, which is given to each client.
AWM seeks to provide that investment decisions are made in accordance with the fiduciary duties owed
to its accounts and without consideration of AWM’s economic, investment or other financial interests. To
meet its fiduciary obligations, AWM attempts to avoid, among other things, investment or trading
practices that systematically advantage or disadvantage certain client portfolios, and accordingly, AWM’s
policy is to seek fair and equitable allocation of investment opportunities/transactions among its clients
to avoid favoring one client over another over time. It is AWM’s policy to allocate investment
opportunities and transactions it identifies as being appropriate and prudent, including initial public
offerings (“IPOs”) and other investment opportunities that might have a limited supply, among its clients
on a fair and equitable basis over time.
Investment decisions are made according to the established strategy. AWM has pre-approved model
portfolios of specific holdings that align with different client objectives and that fulfill the asset allocation
defined in the portfolio construction. Trade proposals are generated using industry standard rebalancing
and investment management tools and are executed in line with the firm's best execution policy and in a
manner that is fair and equitable to all clients.
Pension Consulting Services
AWM offers consulting services to pension or other employee benefit plans (including but not limited to
401(k) plans). Pension consulting may include, but is not limited to:
• Identifying investment objectives and restrictions.
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• Providing guidance on various assets classes and investment options.
• Recommending money managers to manage plan assets in ways designed to achieve objectives.
• Monitoring performance of money managers and investment options and making
recommendations for changes.
• Recommending other service providers, such as custodians, administrators, and broker-dealers.
• Creating a written pension consulting plan.
These services are based on the goals, objectives, demographics, time horizon, and/or risk tolerance of
the plan and its participants.
Financial Planning
Financial plans and financial planning may include but are not limited to investment planning, life
insurance, tax concerns, retirement planning, college planning, and debt/credit planning.
Robo-Advisor: Ark Academy Program
With the Ark Academy Program, AWM offers investment advisory services to clients through an
interactive website, Schwab Intelligence Portfolio. Clients will answer a series of questions and then an
algorithm is used to designate the client accounts into one of the models managed by AWM. The
algorithm does not manage the client accounts and the algorithm is not responsible for building the
model portfolios. AWM designs and manages the model portfolios.
Services Limited to Specific Types of Investments
AWM generally limits its investment advice to mutual funds, fixed income securities, real estate funds
(including REITs), insurance products including annuities, equities, hedge funds, private equity funds, ETFs
(including ETFs in the gold and precious metal sectors), treasury inflation protected/inflation linked
bonds, commodities, non-U.S. securities, venture capital funds and private placements. AWM may use
other securities as well to help diversify a portfolio when applicable.
Selection of Other Advisers
AWM may direct clients to third-party investment advisers to manage either all or a portion of the client’s
portfolio. Before selecting other advisers for clients, AWM will verify that all recommended advisers are
properly licensed, notice filed, or exempt in the states where AWM is recommending the adviser to
clients. For these types of arrangements, clients will pay AWM a management fee, as discussed in Item 5
of this brochure, with a portion of that management paid to the third-party investment adviser. AWM will
also provide clients a copy of the third-party investment advisers ADV Part 2A, 2B, Form CRS and Privacy
Notice.
Client Tailored Services and Client Imposed Restrictions
AWM offers the same suite of services to all its clients. However, specific client investment strategies and
their implementation are dependent upon the client Investment Policy Statement which outlines each
client’s current situation (income, tax levels, and risk tolerance levels). Clients may impose restrictions in
investing in certain securities or types of securities in accordance with their values or beliefs. However, if
the restrictions prevent AWM from properly servicing the client account, or if the restrictions would
require AWM to deviate from its standard suite of services, AWM reserves the right to end the
relationship. For the Ark Academy Program, clients may not place restrictions on their accounts.
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Wrap Fee Programs
A wrap fee program is an investment program where the investor pays one stated fee that includes
management fees, transaction costs, fund expenses, and other administrative fees. AWM does not
participate in any wrap fee programs.
Assets under Management
As of December 31, 2023, AWM has $145 million in discretionary assets under management.