Lazarus Wealth Management LLC

Lazarus Wealth Management (LWM) manages a wrap fee program called the LWM Wrap Program, which operates on LPL Financial's Strategic Wealth Management platform. LWM selects investments and manages portfolios. Clients in the wrap fee program pay one fee that covers transaction costs, but LWM has an incentive to limit trading. LWM may recommend Class A shares of mutual funds, which can be more expensive for clients but provide benefits to LWM. LWM acts as the portfolio manager for all wrap fee program accounts.