Liberty Wealth Management, LLC

• A percentage of assets under your management
• Hourly charges
• Fixed fees (other than subscription fees)
• Performance-based fees
• Other

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

See the firm's brochure (dated July 20, 2026) for its fees and any account minimum, on the SEC's IAPD site.

$1,725,386,015 as of October 2026, filing dated September 2, 2026.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Financial planning services
• Portfolio management for individuals and/or small businesses
• Portfolio management for businesses (other than small businesses) or institutional clients
• Pension consulting services
• Selection of other advisers (including private fund managers)
• Educational seminars/workshops
• Other

Also doing business as

LIBERTY GROUP

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2018 (8 years)

Employees

Total: 43. Performing investment advisory functions: 23.

Wrap fee program participation

No.

Custodians (Schedule D, Section 5.K(3))

Charles SchwabFidelity Brokerage Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

Other offices (Schedule D, Section 1.F)

8 other offices, as of the October 2026 filing

Cupertino, CALarkspur, CANewport Beach, CARoseville, CASacramento, CASan Francisco, CASan Mateo, CAWalnut Creek, CA

States registered or notice-filed

21 states or jurisdictions

AZCACOFLGAIDILINMDMINCNHNVNYORSCTNTXUTVAWA

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

None Reports no disclosure items on Form ADV Item 11. View on IAPD.

Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures

Regulatory assets under management: $855,600,000 in the October 2021 data and $1,725,386,015 in the October 2026 data, up 102%.

Total employees: 21 in October 2021 and 43 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. October 2026
   • Changed its office addresses in Cupertino, CA.
2. June 2026
   • Added an office in Cupertino, CA.
   • Added an office in San Mateo, CA.
3. April 2026
   • Employees performing advisory functions went from 18 to 23.
   • Regulatory assets under management went from $1,469,902,558 to $1,725,386,015 (+17%).
4. March 2026
   • Added an office in Walnut Creek, CA.
5. January 2026
   • Registered or notice-filed in MD, SC.

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.