ADV

Item 1– Cover Page

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Form ADV Part 2 Brochure

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March 10, 2026

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FORTITUDE WEALTH MANAGEMENT

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120 East Main, Ste 300

Murfreesboro, TN 37130

615-878-2134

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www.fortitudewealthmanagement.com

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This Brochure provides information about the qualifications and business practices of

Fortitude Wealth Management. If you have any questions about the contents of this

Brochure, please contact us at 615-878-2134. Currently, our Brochure may be requested

free of charge by contacting Jason W. Qualls, Principal Owner at 615-878-2134. Our

Brochure is also available on our web site www.fortitudewealthmanagement.com, also free

of charge.

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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.

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Fortitude Wealth Management is a registered investment adviser. Registration of an

Investment Adviser does not imply any level of skill or training. The oral and written

communications of an Adviser provide you with information about which you determine to

hire or retain an Adviser. Additional information about Fortitude Wealth Management

also is available on the SEC’s website at www.adviserinfo.sec.gov.

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Item 2– Material Changes

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The following are the material changes that have been made to our Brochure since our last

filing on August 20th, 2025.

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No Material Changes

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Item 3 -Table of Contents

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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 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– Requirements for State-Registered Advisers

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Brochure Supplement(s)

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Item 4– Advisory Business

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Fortitude Wealth Management is owned by Jason W. Qualls and provides investment

advisory services.

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Fortitude Wealth Management (FWM) is a Tennessee domiciled registered investment

adviser that provides fee-only financial planning and investment consultation services.

Depending upon each client's unique circumstances, these services may be broad-based or

focused on particular areas of interest or need. Fortitude Wealth Management (FWM) holds

itself to a fiduciary standard, which means it will act in the utmost good faith and perform

in a manner believed to be in the best interest of its clients.

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Introductory Interview

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FWM conducts a no-obligation in-person or telephone interview (using information

submitted by the prospective client) to assist in determining specific client needs, goals,

objectives, and tolerance/capacity for risk. Should the client wish to engage FWM for its

services, the client enters into a written agreement with FWM (the firm’s current ADV Part

2 brochure and Privacy Policy are provided to the client beforehand). Once an engagement

agreement is in place, further discussion and data gathering may be conducted to obtain

information from the client on financial needs, goals, holdings, etc. Financial advice and/or

plans are based upon the information disclosed by the client or their legal agent, and

incorporate the client's financial situation at the time the plan is prepared.

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Financial Planning and Investment Consultation Services

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FWM provides financial planning and investment consultation services which may be

either broad based or more narrowly focused, depending on the client’s needs and wishes.

Such services may encompass one or more of the following areas, depending on each

client's unique needs, circumstances and preferences: cash flow/budgeting, debt

management, risk management, college funding, retirement planning, estate planning, tax

planning, and asset allocation/portfolio design. Such services typically involve providing a

variety of advice or services to clients regarding the management of their financial

resources, based upon the analysis of their individual needs.

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FWM typically utilizes a long-term investment perspective, unless the client specifically

requests to the contrary. If engaged for investment consultation, FWM may assist the client

in constructing a portfolio deemed appropriate given the client's investment objectives and

tolerance for risk.

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The client retains absolute discretion over all implementation decisions and is free to

accept or reject any recommendation made by FWM. Further, it remains each client's

responsibility to promptly notify FWM if there is any change in their financial situation or

investment objectives for the purpose of evaluating or revising the Firm's previous1recommendations. With the client's consent, FWM may work with the client's other

professional advisers (attorneys, insurance agents etc.) to assist with coordination and

implementation of agreed upon strategies. The client should be aware that these other

professional advisers may bill the client separately for their services, and these fees will be

in addition to those of FWM. Periodic reviews are recommended for all clients under

written agreement.

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Firm Services

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FWM will use its best judgment and good faith effort in rendering its services to its clients.

FWM cannot warrant or guarantee any particular level of account performance, or that an

account will be profitable over time. Past performance is not necessarily indicative of

future results.

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Except as may otherwise be provided by law, FWM will not be liable to the client, heirs for

any loss an account may suffer by reason of an investment decision made or other action

taken or omitted in good faith by FWM with that degree of care, skill, prudence and

diligence under the circumstances that a prudent person acting in a fiduciary capacity

would use; any loss arising from the FWM's adherence to the client or their legal agent's

direction; or any act or failure to act by a service provider maintaining an account.

Notwithstanding the preceding, nothing within the client services agreement is intended to

diminish in any way the Firm's fiduciary obligation to act in the client's best interest or

shall in any way limit or waive any rights clients have under federal or state securities laws

or the rules promulgated pursuant to those laws.

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Item 5– Fees and Compensation

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All fees are subject to negotiation. The specific manner in which fees are charged by

Fortitude Wealth Management is established in a client’s written agreement with Fortitude

Wealth Management.

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Fortitude Wealth Management provides financial planning to individuals on a fee-only

basis. Fees range from $500 to $20,000.

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Fees are payable according the client’s written agreement.

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Either the client or advisor may terminate the agreement at any time. If the agreement is

terminated within 5 days of signing the client will be entitled to a full refund. Either

Advisor or Client may revise an agreement upon thirty (30) days written notice to the other

party for any reason. The Advisor may terminate the agreement without notice if the Client

intentionally fails to provide full and complete information relevant or material to any

matter such in order to perform the services required under the client’s written agreement.

Fortitude Wealth Management’s fees are exclusive of brokerage commissions, transaction

fees, and other related costs and expenses which shall be incurred by the client. Clients may

incur certain charges imposed by custodians, brokers, third party investment and other

third parties such as fees charged by managers, custodial fees, deferred sales charges, odd-

lot differentials, transfer taxes, wire transfer and electronic fund fees, and other fees and

taxes on brokerage accounts and securities transactions. Mutual funds and exchange traded

funds also charge internal management fees, which are disclosed in a fund’s prospectus.

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Such charges, fees and commissions are exclusive of and in addition to Fortitude Wealth

Management’s fee, and Fortitude Wealth Management shall not receive any portion of these

commissions, fees, and costs.

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Assets under management (as of December 31st, 2025)

Rounded to the nearest 1000

Discretionary: $0.00

Non-Discretionary: $ 112,500,000.00

Total: $112,500,000.00

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Item 6– Performance-Based Fees and Side-By-Side Management

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Fortitude Wealth Management does not charge any performance-based fees (fees based on

a share of capital gains on or capital appreciation of the assets of a client).

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Item 7– Types of Clients

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Fortitude Wealth Management provides financial planning and portfolio management

services to individuals, high net worth individuals, and corporate pension and profit-

sharing plans.

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Item 8– Methods of Analysis, Investment Strategies and Risk of Loss

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Fortitude Wealth Management generally uses fundamental analysis and Modern Portfolio

Theory in formulating investment advice. Investing in securities involves risk of loss

that clients should be prepared to bear.

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Item 9– Disciplinary Information

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Registered investment advisers are required to disclose all material facts regarding any

legal or disciplinary events that would be material to your evaluation of Fortitude Wealth

Management or the integrity of Fortitude Wealth Management’s management. Fortitude

Wealth Management has no information applicable to this Item.

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Item 10– Other Financial Industry Activities and Affiliations

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Fortitude Wealth Management, management persons of Fortitude Wealth Management, or

related persons of Fortitude Wealth Management has any other financial industry activities

or affiliations.

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Item 11– Code of Ethics , Participation in Client Transactions and Personal Trading

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Fortitude Wealth Management has adopted a Code of Ethics for all supervised persons of

the firm describing its high standard of business conduct, and fiduciary duty to its clients.

The Code of Ethics includes provisions relating to the confidentiality of client information, a

prohibition on insider trading, a prohibition of rumor mongering, restrictions on the

acceptance of significant gifts and the reporting of certain gifts and business entertainment

items, and personal securities trading procedures, among other things. All supervised

persons at Fortitude Wealth Management must acknowledge the terms of the Code of

Ethics annually, or as amended.

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Fortitude Wealth Management anticipates that, in appropriate circumstances, consistent

with clients’ investment objectives, it will cause accounts over which Fortitude Wealth

Management has management authority to effect, and will recommend to investment

advisory clients or prospective clients, the purchase or sale of securities in which Fortitude

Wealth Management, its clients, directly or indirectly, have a position of interest. Fortitude

Wealth Management’s employees and persons associated with Fortitude Wealth

Management are required to follow Fortitude Wealth Management Code of Ethics. Subject

to satisfying this policy and applicable laws, officers, directors and employees of Fortitude

Wealth Management and its affiliates may trade for their own accounts in securities which

are recommended to and/or purchased for Fortitude Wealth Management’s clients. The

Code of Ethics is designed to assure that the personal securities transactions, activities and

interests of the employees of Fortitude Wealth Management will not interfere with (i)

making decisions in the best interest of advisory clients and (ii) implementing such

decisions while, at the same time, allowing employees to invest for their own accounts.

Under the Code certain classes of securities have been designated as exempt transactions,

based upon a determination that these would materially not interfere with the best interest

of Fortitude Wealth Management’s clients. In addition, the Code requires pre-clearance of

many transactions, and restricts trading in close proximity to client trading activity.

Nonetheless, because the Code of Ethics in some circumstances would permit employees to

invest in the same securities as clients, there is a possibility that employees might benefit

from market activity by a client in a security held by an employee.

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Item 12– Brokerage Practices

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Clients may select any broker of their choosing.

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Item 13– Review of Accounts

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Fortitude Wealth Management generally will review client accounts on an annual basis.

Reviews may also be conducted upon significant changes in the client's lifestyle or financial

situation, upon dramatic changes in the investment markets, and/or upon significant

legislative changes that will have an impact on the client's financial status. In addition,

clients may request more frequent reviews of their accounts at any time.

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Item 14– Client Referrals and Other Compensation

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Fortitude Wealth Management will not provide or accept any economic benefit for client

referrals.

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Item 15– Custody

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Your assets must be maintained in an account at a qualified custodian. Fortitude Wealth

Management does not maintain custody of any Client funds or securities although we may

be viewed for regulatory purposes as having custody of certain client assets due to

Fortitude Wealth Management’s ability to deduct fees directly from certain client accounts.

Investment account reports are produced by the client's custodian, brokerage firm or

Mutual Fund Company directly. The frequency of the reports will depend on the custodian

the client selects and the contract with that custodian. Clients should receive at least

quarterly statements from the broker dealer, bank or other qualified custodian that holds

and maintains client’s investment assets. Fortitude Wealth Management urges you to

carefully review each statement for any perceived errors.

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Item 16– Investment Discretion

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Fortitude Wealth Management or any related person will not have authority to determine

the identity and amount of securities to be bought of sold, without obtaining specific client

consent.

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Item 17– Voting Client Securities

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As a matter of firm policy and practice, Fortitude Wealth Management does not have any

authority to and does not vote proxies on behalf of advisory clients. Clients retain the

responsibility for receiving and voting proxies for any and all securities maintained in

client portfolios. Fortitude Wealth Management may provide advice to clients regarding the

clients’ voting of proxies.

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Item 18– Financial Information

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Registered investment advisers may be required in this Item to provide you with certain

financial information or disclosures about an adviser’s financial condition. Fortitude

Wealth Management has no financial commitment that impairs its ability to meet

contractual and fiduciary commitments to clients.

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Item 19– Requirements for State-Registered Advisers

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Principal owner: Jason W. Qualls

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Year of birth: 1978

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Education: B.B.A. in Finance and M.B.A. with accounting concentration from Middle

Tennessee State University

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