Brochure — Next Play Wealth

Item 1 Cover Page

Next Play Wealth, LLC
1050 SW 6th Ave., Suite 1100
Portland, OR 97204
April 15, 2026

This brochure provides information about the qualifications and business practices of Next Play Wealth, LLC, CRD# 339239. If you have any questions about the contents of this brochure, please contact us at (971) 712-9420. 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. Registration as a registered investment advisor does not imply a certain level of skill or training.

Additional information about Next Play Wealth, LLC also is available on the SEC's website at www.adviserinfo.sec.gov.

Item 2 Material Changes

April 15, 2026 – Item 1 was amended to reflect a new office address.

The material changes discussed above are only those changes that have been made to this brochure since the firm's initial brochure registration on March 16, 2026.

Item 3 Table of Contents

Brochure

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 Requirements for State-Registered Advisers

Brochure Supplement

Item 1 Cover Page for Brochure Supplement
Item 2 Educational Background and Business Experience
Item 3 Disciplinary Information
Item 4 Other Business Activities
Item 5 Additional Compensation
Item 6 Supervision
Item 7 Requirements for State-Registered Advisers

Item 4 Advisory Business

Next Play Wealth, LLC is a state registered investment advisor firm that was formed in August 2025.

The principal owner of Next Play Wealth, LLC is Carlos Donat Arjona, Managing Member.

Advisory Services

Next Play Wealth LLC's ("Next Play Wealth" or "Advisor") principal service is providing fee-based investment advisory services and financial planning services. The Advisor practices custom management of portfolios, on a discretionary basis, according to the client's objectives. While Next Play Wealth provides investment advice on a wide array of securities types, portfolio management focuses on the use of exchange-listed equity securities, corporate debt securities, mutual funds and ETFs, and partnership interests in real estate.

Pension Advisory Services

Next Play Wealth provides advisory services to qualified plans. The services generally include an evaluation of existing qualified retirement plan solution(s), including the qualified retirement plan's fiduciary compliance program, recordkeeping and third-party administration services, investment policy statement and management process, employee communication and education program, and retiree/rollover transitional consulting services.

Based on the evaluation, Next Play Wealth will make objective recommendations to the plan sponsor to meet the needs of the plan. Upon approval, Next Play Wealth will implement, manage, and monitor the recommendations with the authorization of the plan sponsor, including the selection and monitoring of the investment options within the plan.

In consideration for this service, Next Play Wealth will receive an investment advisory fee, billed quarterly in arrears, based on the value of the plan assets on the last day of the quarter.

Financial Planning

In addition to investment supervisory services, Next Play Wealth may provide financial planning Services to some of its clients. The Advisor's financial planning services may include recommendations for portfolio customization based on the client's investment objectives, goals and financial situation, recommendations relating to investment strategies as well as tailored investment advice. Financial planning may also include non-investment advice such as developing strategies to achieve retirement or other financial goals, tax optimization strategies, cash flow and budgeting analysis and recommendations, financing and financial education, estate planning, and asset protection strategies.

Next Play Wealth offers two levels of comprehensive financial planning services. Each tier is designed to match the complexity of your financial situation and long-term objectives. Your advisor will help determine the appropriate tier during your initial consultation. Our tiered financial planning services are structured as an ongoing engagement rather than a one-time project. While the initial plan is delivered within six months of engagement, the relationship is intended to continue on an annual basis unless terminated by the client.

Tier 1: Foundation Plan
Designed for clients with straightforward financial needs or those early in their wealth-building journey.

Included Services:

Core financial planning and goal setting
Basic budgeting and cash flow guidance
Introductory investment education
General tax overview and preparation insights
Basic retirement and estate planning considerations

Tier 2: Pro-Player Strategy Plan
Designed for clients with growing wealth, multiple income streams, or complex planning needs.

Included Services:

Everything in Tier 1 plus:
- Customized financial strategy tailored to career goals.
- Planning for different types of income.
- Guidance on business setup and structure.
- Investment portfolio design and strategy.
- Risk management solutions.
- Long-term retirement and estate goal alignment.

Each year, Next Play reassesses the client's financial position, income structure, tax considerations, life changes, and evolving objectives. If, in any given year, the client's circumstances and objectives remain unchanged and no additional planning analysis would provide incremental value, we would, consistent with our fiduciary duty, recommend that the client defer updating the plan and continue implementing previously established recommendations rather than incur unnecessary fees.

Similar services may be available for a lower fee at other licensed investment advisor firms.

Where the tiered service levels do not meet the client's needs, Next Play Wealth also offers any of its financial planning services on an hourly basis at $400 per hour. The hourly fee is billed on completion of the services, or at the end of each month for hours expended for longer-term projects. The invoice is due when received by the client. The hourly rate is negotiable at Next Play Wealth's discretion. The Advisor's hourly and fixed fees will be negotiated and agreed upon by the parties in advance.

Pursuant to California Rule 260.235.2, a conflict exists between the interests of the investment advisor or associated persons and the interest of the client; the client is under no obligation to act upon the investment advisor's or associated person's recommendation; if the client elects to act on any of the recommendations, the client is under no obligation to effect the transaction through the investment advisor, the associated person when the person is an agent with a licensed broker-dealer or through any associate or affiliate of such person.

Next Play Wealth will tailor its advisory services to its client's individual needs based on meetings and conversations with the client. If clients wish to impose restrictions on investing in certain securities or types of securities, the Advisor will address those restrictions with the client to have a clear understanding of the client's requirements.

Next Play Wealth does not provide portfolio management services to wrap fee programs.

As of the approval date of the firm, Next Play Wealth had no clients and therefore no client assets under management.

Item 5 Fees and Compensation

Asset Management Fees

Pursuant to an Investment Advisory contract signed by each client, the client will pay Next Play Wealth an annual management fee, payable monthly in arrears, based on the average daily value of portfolio assets of the account during the month. New account fees will be prorated from the inception of the account to the end of the first month.

Total Assets Under Management	Annual Fee
$0 - $500,000	1.25%
$500,001 - $1,000,000	1.00%
$1,000,001 - $2,500,000	0.85%
$2,500,001 - $5,000,000	0.75%
$5,000,001 - $10,000,000	0.65%
Above $10,000,000	0.55%

The percentage annual fee is charged on the total account value. For example, a client with an account with an average daily balance during the month of $600,000 will be charged the 1.00% annual fee shown in the table above for total assets under management between $500,001 and $1,000,000 divided by 12 months (1.00%/12 rounded to eight decimal places) on the whole $600,000 for a one-month fee of $500. These fees may be negotiated by Next Play Wealth at its sole discretion. The client will give written authorization permitting the Advisor to be paid directly from their account held by the custodian. The custodian will send a statement at least quarterly to the client and the Advisor will also send an invoice to the client outlining the fee calculation and time period covered, and the amount withdrawn from the client account each time the fee deduction invoice is sent to the qualified custodian.

Fixed and Hourly Financial Planning Fees

Financial Planning Tier Fees:
Depending upon the complexity of the situation and the needs of the client, the fee for creating client financial plans is between $2,750 and $20,000. The fees are negotiable. Fees are paid in advance, but never more than six months in advance.

Fees for the Tiered Plans described in Item 4 are:

Tier 1: Foundation Plan $2,750
Tier 2: Pro-Player Plan $10,000 - $20,000

Similar services may be available for a lower fee at other licensed investment advisor firms.

Clients may terminate their contracts without penalty within five business days of signing the contract. In the event of termination of the contract after five business days for any reason, the fees paid in advance will be prorated to the date of termination and any unearned fees will be refunded to client. The fee refunded will be the balance of the fees collected in advance minus the hourly rate of $400 per hour times the number of hours of work that has been completed up to and including the day of termination. All fees to be refunded and any partially completed work will provided to the client within 15 business days of Next Play Wealth being advised in writing of the termination of this agreement.

Hourly Fees

Where the financial planning tiered structures do not meet a client's needs, the Advisor can provide discrete financial planning services on an hourly basis at the rate of $400 per hour. The client and Advisor will agree on the specific services to be provided and the Advisor's hourly fee will billed on completion of the services, or at the end of each month for hours expended for longer-term projects. The hourly fee is negotiable.

Similar services may be available for a lower fee at other licensed investment advisor firms.

Pension Advisory Services Fees

Plan Sponsor will pay the Advisor, as compensation for its services, an advisory fee at an annual rate of 0.50% of assets in the Plan. The advisory fee is payable quarterly, in arrears, based on the fair market value of assets in the Plan at the end of each quarter. The consulting fee in the first month of the Agreement shall be prorated from the inception date to the end of the quarter. The Advisor shall invoice the Plan Sponsor for the consulting fee. The Plan Sponsor may, at its election, submit invoices for this consulting fee to the custodian of the Plan's assets for payment. The Plan Sponsor agrees to payment of these invoices, whether directly from the Plan Sponsor or from the Plan's custodian, promptly, and, under normal circumstances, by the end of the month in which the invoice is submitted. The advisory fee is negotiable.

For each of the Advisor's services described above, the Client may terminate these services within five business days of the effective date of an Agreement signed with the Advisor without any payment of the Advisor's fee.

Pursuant to the California Code of Regulations Subsection (j) of Rule 260.238, Advisor discloses that the Client may receive lower fees from other sources for comparable services.

All fees paid to Next Play Wealth for investment advisory services are separate and distinct from the expenses charged by mutual funds to their shareholders. These fees and expenses are described in each fund's prospectus. These fees will generally include a management fee and other fund expenses. Client is responsible for all custodial and securities execution fees charged by the custodian and executing broker-dealer. The Advisor's fee is separate and distinct from the custodian and execution fees.

Next Play Wealth's fixed financial planning fees are payable in advance. Upon termination, any fees paid in advance will be prorated to the date of termination and any unearned fees will be refunded to client.

Neither Next Play Wealth nor its supervised persons accept compensation for the sale of securities or other investment products, including asset-based sales charges or service fees from the sale of mutual funds.

Item 6 Performance-Based Fees and Side-by-Side Management

Next Play Wealth does not charge performance-based fees.

Item 7 Types of Clients

The Advisor will offer its services to individuals, pension and profit sharing plans, trusts, estates, or charitable organizations, corporations and other business entities.

The Advisor's cumulative minimum account requirement for opening and maintaining an account is $500,000. However, the Advisor may accept accounts with a lower value at its sole discretion.

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

The Advisor's primary investment management approach is to use a tactical allocation strategy aimed at reducing risk and increasing performance. The Advisor may use exchange listed securities, corporate debt securities, mutual funds, and interests in real estate partnerships to implement the strategy. The Advisor measures and selects mutual funds by using various criteria, such as the fund manager's tenure, and/or overall career performance. The Advisor may recommend, on occasion, redistributing investment allocations to diversify the portfolio in an effort to reduce risk and increase performance. The Advisor may recommend specific stocks to increase sector weighting and/or dividend potential. The Advisor may recommend employing cash positions as a possible hedge against market movement which may adversely affect the portfolio. The Advisor may recommend selling positions for reasons that include, but are not limited to, harvesting capital gains or losses, business or sector risk exposure to a specific security or class of securities, overvaluation or overweighting of the position(s) in the portfolio, change in risk tolerance of client, or any risk deemed unacceptable for the client's risk tolerance.

The Advisor utilizes fundamental analysis techniques in formulating investment advice or managing assets for clients.

Fundamental analysis of a business involves analyzing its financial statements and health, its management and competitive advantages, and its competitors and markets. Fundamental analysis is performed on historical and present data but with the goal of making financial forecasts. There are several possible objectives: to conduct a company stock valuation and predict its probable price evolution; to make a projection on its business performance; to evaluate its management and make internal business decisions; and to calculate its credit risk.

The investment strategies developed by the Advisor will be implemented using techniques including long-term purchases of securities held at least for one year, and short-term purchases for securities sold within a year.

Clients need to be aware that investing in securities involves risk of loss that clients need to be prepared to bear.

The methods of analysis and investment strategies followed by the Advisor are utilized across all of the Advisors clients, as applicable. One method of analysis or investment strategy is not more significant than the other as the Advisor is considering the client's portfolio, risk tolerance, time horizon and individual goals. However, the client should be aware that with any trading that occurs in the client account, the client will incur transaction and administrative costs.

Investing includes the risk that the value of an investment can be negatively affected by factors specifically related to the investment (e.g., capability of management, competition, new inventions by other companies, lawsuits against the company, labor issues, patent expiration, etc.), or to factors related to investing and the markets in general (e.g., the economy, wars, civil unrest or terrorism around the world, concern about oil prices or unemployment, etc.).

Risks of fundamental analysis may include risks that market actions, natural disasters, government actions, world political events or other events not directly related to the price or valuation of a specific company's fundamental analysis can adversely impact the stock price of a company causing a portfolio containing that security to lose value. Risks may also include that the historical data and projections on which the fundamental analysis is performed may not continue to be relevant to the operations of a company going forward, or that management changes or the business direction of management of the company may not permit the company to continue to produce metrics that are consistent with the prior company data utilized in the fundamental analysis, which may negatively affect the Advisor's estimate of the valuation of the company.

The Advisor primarily constructs portfolios for clients using exchange listed securities, corporate debt securities, mutual funds, and interests in real estate partnerships.

Risks of Investing in Exchange Listed Securities (Stocks)

All investments involve some degree of risk. In finance, risk refers to the degree of uncertainty and/or potential financial loss inherent in an investment decision. In general, as investment risks rise, investors seek higher returns to compensate themselves for taking such risks.

Every saving and investment product has different risks and returns. Differences include how readily investors can get their money when they need it, how fast their money will grow, and how safe their money will be.

Business Risk
With a stock, you are purchasing a piece of ownership in a company. With a bond, you are loaning money to a company. Returns from both of these investments require that the company stays in business. If a company goes bankrupt and its assets are liquidated, common stockholders are the last in line to share in the proceeds. If there are assets, the company's bondholders will be paid first, then holders of preferred stock. If you are a common stockholder, you get whatever is left, which may be nothing.

Volatility Risk
Even when companies aren't in danger of failing, their stock price may fluctuate up or down. Large company stocks as a group, for example, have lost money on average about one out of every three years. Market fluctuations can be unnerving to some investors. A stock's price can be affected by factors inside the company, such as a faulty product, or by events the company has no control over, such as political or market events.

Liquidity Risk
This refers to the risk that investors won't find a market for their securities, potentially preventing them from buying or selling when they want. This can be the case with the more complicated investment products.

Risks that apply to Equity Strategies, including ETFs:

Management Risk: Due to its passive and defensive management, a portfolio could underperform other portfolios with similar investment objectives and/or strategies.
Allocation Risk: A portfolio may use an asset allocation strategy in pursuit of its investment objective. There is a risk that a portfolio's allocation among asset classes or investments will cause a portfolio to lose value or cause it to underperform other portfolios with a similar investment objective and/or strategy, or that the investments themselves will not produce the returns expected.
Sector/Industry Risk: The risk that the strategy's concentration in equities in a specific sector or industry will cause the strategy to be more exposed to the price movements in and developments affecting that sector.
Market and Timing Risk: Prices of securities may become more volatile due to general market conditions that are not specifically related to a particular company, such as adverse economic conditions or outlooks, adverse investor sentiment, changes in the outlook for corporate earnings, or changes in interest rates.
Event Risk: The possibility that an unforeseen event will negatively affect a company or industry, and thus, increase the volatility of the security.
Liquidity Risk: The risk that exists when a security's limited marketability prevents it from being bought or sold quickly enough to avoid or minimize a loss.

Risks of Investing in Corporate Debt Securities (Bonds)

Investing in corporate bonds carries several key risks. The most significant is credit or default risk, the possibility that the issuing company will fail to make interest or principal payments, potentially leading to losses. Interest rate risk also affects bond values, as prices generally fall when market interest rates rise. Investors face liquidity risk if a bond is difficult to sell at a fair price, especially during periods of market stress. Broader market and economic risks can depress bond prices even when issuers remain solvent, while call risk arises if a company repays its bonds early when interest rates decline, forcing reinvestment at lower yields. Inflation risk erodes the purchasing power of fixed interest payments over time, and event or sector risk stems from company-specific issues like lawsuits, regulatory changes, or industry downturns. Additionally, reinvestment risk can reduce total returns when coupon payments must be reinvested at lower rates, and credit spread risk reflects the potential for widening yield differentials between corporate and government bonds. Together, these risks highlight the importance of careful credit analysis, diversification, and matching bond investments to an investor's risk tolerance and time horizon.

Risks of Investing in Mutual Funds

Every type of investment, including mutual funds, involves risk. Risk refers to the possibility that you will lose money (both principal and any earnings) or fail to make money on an investment. A fund's investment objective and its holdings are influential factors in determining how risky a fund is. Reading the prospectus will help you to understand the risk associated with that particular fund.

Generally speaking, risk and potential return are related. This is the risk/return trade-off. Higher risks are usually taken with the expectation of higher returns at the cost of increased volatility. While a fund with higher risk has the potential for higher return, it also has the greater potential for losses or negative returns. The school of thought when investing in mutual funds suggests that the longer your investment time horizon is the less affected you should be by short-term volatility. Therefore, the shorter your investment time horizon, the more concerned you should be with short-term volatility and higher risk.

Below is a list of some of the risks to consider when investing in mutual funds.

Country Risk. The possibility that political events (a war, national elections), financial problems (rising inflation, government default), or natural disasters (an earthquake, a poor harvest) will weaken a country's economy and cause investments in that country to decline.
Credit Risk. The possibility that a bond issuer will fail to repay interest and principal in a timely manner. Also called default risk.
Currency Risk. The possibility that returns could be reduced for Americans investing in foreign securities because of a rise in the value of the U.S. dollar against foreign currencies. Also called exchange-rate risk.
Income Risk. The possibility that a fixed-income fund's dividends will decline as a result of falling overall interest rates.
Industry Risk. The possibility that a group of stocks in a single industry will decline in price due to developments in that industry.
Inflation Risk. The possibility that increases in the cost of living will reduce or eliminate a fund's real inflation-adjusted returns.
Interest Rate Risk. The possibility that a bond fund will decline in value because of an increase in interest rates.
Manager Risk. The possibility that an actively managed mutual fund's investment advisor will fail to execute the fund's investment strategy effectively resulting in the failure of stated objectives.
Market Risk. The possibility that stock fund or bond fund prices overall will decline over short or even extended periods. Stock and bond markets tend to move in cycles, with periods when prices rise and other periods when prices fall.
Principal Risk. The possibility that an investment will go down in value, or "lose money," from the original or invested amount.

Risks of Interests in Partnerships Investing in Real Estate or Oil and Gas

General and limited partners in real estate or oil and gas partnerships share certain risks, and also have their own separate risks. Both types of partners are at risk of losing the capital they invest. However, general partners have the added risk of being liable for any loans, and their other assets may be at risk if the partnership defaults on a loan. Limited partners take a risk in trusting the general partner with their investments. Once the money is invested and the partnership agreement is signed, limited partners rely on the general partner to make the investment successful and earn an investment return. In addition to the risks involved relating to the complexity of negotiating the terms of a limited partnership, one of the highest risks of investing in a partnership investing in real estate or oil and gas is liquidity risk. Liquidity risk refers to the risk that investors won't find a market for their securities, potentially preventing them from buying or selling when they want. It may also be the case with products that charge a penalty for early withdrawal or liquidation.

Risks of Non-Traded REITs

A non-traded REIT is a form of real estate investment method that is designed to reduce or eliminate tax while providing returns on real estate. A non-traded REIT does not trade on a securities exchange and, because of this, is quite illiquid for long periods of time. Front-end fees can be as much as 15%, much higher than a traded REIT due to its limited secondary market. Non-traded REITs or non-exchange traded REITs do not trade on a stock exchange, which opens up investors to special risks such as:

Share Value: Non-traded REITs are not publicly traded, meaning investors cannot research investments. As a result, it's difficult to determine the REIT's value.
Lack of Liquidity: Non-traded REITs are also illiquid, which means there may not be buyers or sellers in the market available when an investor wants to transact. In many cases, non-traded REITs can't be sold for at least 10 years.
Distributions: Non-traded REITs pool money to buy and manage properties, which locks in investor money. However, pooled money is sometimes paid out as dividends from another investor's money—as opposed to income that a property has generated. This process limits cash flow for the REIT and diminishes the value of shares.
Fees: Most REITs charge an upfront fee between 9% and 10%. Non-traded REITs can also have external manager fees and investors should request transparency. If a non-traded REIT pays an external manager, that expense reduces investor returns.

Item 9 Disciplinary Information

Neither Next Play Wealth nor its management persons have been subject to any criminal or civil actions, administrative proceedings, or self-regulatory organization (SRO) proceedings.

Item 10 Other Financial Industry Activities and Affiliations

Neither Next Play Wealth nor any of its management persons are registered, or have an application pending to register, as a broker-dealer or a registered representative of a broker-dealer, as a futures commission merchant, commodity pool operator, a commodity trading advisor, or an associated person of the foregoing entities.

Next Play Wealth does not currently have any relationships or arrangements that are material to its advisory business or clients with either a broker-dealer, municipal securities dealer, or government securities dealer or broker, investment company or other pooled investment vehicle (including a mutual fund, closed-end investment company, unit investment trust, private investment company or "hedge fund" and offshore fund), other investment advisor or financial planner, futures commission merchant, commodity pool operator, or commodity trading advisor, banking or thrift institution, accountant or accounting firm, lawyer or law firm, insurance company or agency, pension consultant, real estate broker or dealer or sponsor of syndicator of limited partnerships.

Next Play Wealth does not recommend or select other investment advisors for clients.

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

Next Play Wealth is a state registered investment advisor and has adopted as an industry best practice a Code of Ethics that governs personal trading by each employee of Next Play Wealth deemed to be an Access Person and is intended to ensure that securities transactions effected by Access Persons of Next Play Wealth are conducted in a manner that avoids any conflict of interest between such persons and clients of the Advisor or its affiliates. Next Play Wealth collects and maintains records of securities holdings and securities transactions effected by Access Persons. These records are reviewed to identify and resolve conflicts of interest. Next Play Wealth will provide a copy of the Code of Ethics to any client or prospective client upon request.

Next Play Wealth does not recommend to clients, or buy or sell for client accounts, securities in which the firm or a related person has a material financial interest.

Next Play Wealth and/or its investment advisor representatives may from time to time purchase or sell products that they may recommend to clients. This practice creates conflicts of interest in that personnel of Next Play Wealth can take advantage of the advance knowledge of firm securities trading and trade their personal accounts ahead of the client trades or recommend trades in client accounts that may affect the price of the securities owned by the Investment Advisor Representatives. To mitigate these conflicts, Next Play Wealth has adopted a Code of Ethics as noted above. Next Play Wealth's Code of Ethics is available upon request. Finally, supervised persons of registered investment advisors are fiduciaries by law and are required to put the client's interest before those of the firm and themselves.

Next Play Wealth requires that its investment advisor representatives follow its basic policies and ethical standards as set forth in its Code of Ethics.

Investment Advisor Representatives of Next Play Wealth may trade for their own accounts securities that are being traded for client accounts at or about the same time. To mitigate the conflict of interest in such circumstances, Next Play Wealth's policy is to require the trading of all relevant client accounts prior to the trading of their own accounts. The Chief Compliance Officer examines personal trading activities of Next Play Wealth's personnel to verify compliance with this policy.

Item 12 Brokerage Practices

If requested by the client, Next Play Wealth may suggest brokers or dealers to be used based on execution and custodial services offered, cost, quality of service and industry reputation. Next Play Wealth will consider factors such as commission price, speed and quality of execution, client management tools, and convenience of access for both the Advisor and client in making its suggestion. Next Play Wealth intends to recommend that our clients use Altruist Financial LLC, a FINRA registered broker-dealer, member SIPC, as the qualified custodian.

Next Play Wealth may receive proprietary research services or other products as a result of recommending a particular broker which may result in the client paying higher commissions than those obtainable through other brokers. If Next Play Wealth does receive such products or services, it will follow procedures which ensure compliance with Section 28(e) of the Securities Exchange Act of 1934 or applicable state securities rules.

The firm seeks to obtain the most favorable net results for clients' price, execution quality, services and commissions. Although the firm seeks competitive commission rates, it may pay commissions on behalf of clients which may be higher than those available from other brokers in order to receive other services. The firm may enter into such transactions so long as it determines in good faith that the amount of commission paid was reasonable in relation to the value of the brokerage and research services provided by the broker. The services that may be considered in this determination of reasonableness may include (1) advice, either directly or through publications or writing, as to the value of securities, the advisability of investing in, purchasing or selling securities, and the availability of securities or purchasers or sellers of securities; (2) analysis and reports concerning issuers, industries, securities, economic factors and trends, portfolio strategy, and the performance of accounts; or (3) effecting securities transactions and performing functions incidental thereto. Such research furnished by broker-dealers may be used to service any or all of Next Play Wealth's clients and may be used in connection with accounts other than those that pay commissions to the broker-dealers providing the research. In particular, third-party research provided by broker-dealers may be used to benefit all of the firm's clients. This creates a conflict of interest in that the firm has an incentive to select or recommend a broker-dealer based on its interest in receiving the research or other products or services, rather than on the clients' interest in receiving most favorable execution.

Benefits received may be used as soft dollars provided that:

The service is primarily for the benefit of Next Play Wealth's clients
The commission rates are competitive with rates charged by comparable broker-dealers; and
Next Play Wealth does not guarantee a minimum amount of commissions to any broker-dealer.

Next Play Wealth does not receive client referrals from any broker-dealer or third party as a result of the firm selecting or recommending that broker-dealer to clients.

Next Play Wealth recommends that all clients use a particular broker-dealer for execution and/or custodial services. The broker-dealer is recommended based on criteria such as, but not limited to, reasonableness of commissions charged to the client, tools and services made available to the client and the Advisor, and convenience of access to the account trading and reporting. The client will provide authority to Next Play Wealth to direct all transactions through that broker-dealer in the investment advisory agreement.

As an investment advisory firm, Next Play Wealth has a fiduciary duty to seek best execution for client transactions. While best execution is difficult to define and challenging to measure, there is some consensus that it does not solely mean the achievement of the best price on a given transaction. Rather, it appears to be a collective consideration of factors concerning the trade in question. Such factors include the security being traded, the price of the trade, the speed of the execution, apparent conditions in the market, and the specific needs of the client. Next Play Wealth's primary objectives when placing orders for the purchase and sale of securities for client accounts is to obtain the most favorable net results taking into account such factors as 1) price, 2) size of order, 3) difficulty of execution, 4) confidentiality and 5) skill required of the broker. Next Play Wealth may not necessarily pay the lowest commission or commission equivalent as specific transactions may involve specialized services on the part of the broker.

Next Play Wealth does not permit clients to direct brokerage except for choosing the custodian at the outset of the relationship. Not all firms require their clients to direct brokerage.

Next Play Wealth may combine orders into block trades when more than one account is participating in the trade. This blocking or bunching technique must be equitable and potentially advantageous for each such account (e.g., for the purposes of reducing brokerage commissions or obtaining a more favorable execution price). Block trading is performed when it is consistent with the duty to seek best execution and is consistent with the terms of Next Play Wealth's investment advisory agreements. Equity trades are blocked based upon fairness to client, both in the participation of their account, and in the allocation of orders for the accounts of more than one client. Allocations of all orders are performed in a timely and efficient manner. All managed accounts participating in a block execution receive the same execution price (average share price) for the securities purchased or sold in a trading day. Any portion of an order that remains unfilled at the end of a given day will be rewritten on the following day as a new order with a new daily average price to be determined at the end of the following day. Due to the low liquidity of certain securities, broker availability may be limited. Open orders are worked until they are completely filled, which may span the course of several days. If an order is filled in its entirety, securities purchased in the aggregated transaction will be allocated among the accounts participating in the trade in accordance with the allocation statement. If an order is partially filled, the securities will be allocated pro rata based on the allocation statement. Next Play Wealth may allocate trades in a different manner than indicated on the allocation statement (non-pro rata) only if all managed accounts receive fair and equitable treatment.

Item 13 Review of Accounts

The firm reviews client accounts on a continuous and ongoing basis, but no less frequently than annually or when conditions would warrant a review based on market conditions or changes in client circumstances. Triggering factors may include Next Play Wealth becoming aware of a change in client's investment objective, a change in market conditions, change of employment, or a change in recommended asset allocation weightings in the account that exceed a predefined guideline. The nature of the review is to determine if the client account is still in line with the client's stated objectives. Financial plans, once prepared and delivered to the client are not reviewed again unless the client requests a financial plan be updated. Client accounts and financial plans are reviewed by Carlos Donat Arjona, Managing Member.

The client is encouraged to notify the Advisor and Investment Advisor Representative if changes occur in his/her personal financial situation that might materially affect his/her investment plan.

The client will receive written statements no less than quarterly from the custodian. In addition, the client will receive other supporting reports from mutual funds, asset managers, trust companies or other custodians, broker-dealers, and others who are involved with client accounts. Next Play Wealth does not deliver separate client reports.

Item 14 Client Referrals and Other Compensation

Next Play Wealth receives an economic benefit from Altruist Financial 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 Altruist Financial. You do not pay more for assets maintained at Altruist Financial as a result of these arrangements. However, we benefit from the arrangement because the cost of these services would otherwise be borne directly by us. You should consider these conflicts of interest when selecting a custodian. The products and services provided by Altruist Financial, how they benefit us, and the related conflicts of interest are described in Item 12 above.

Next Play Wealth does not directly or indirectly compensate any person who is not a supervised person for client referrals.

Item 15 Custody

Next Play Wealth does not have custody of client funds or securities, except for the withdrawal of advisory fees directly from client accounts (please see Item 5 which describes the safeguards around direct fee deduction). However, as noted in Item 13 above, clients will receive statements not less than quarterly from the qualified custodian, and we encourage you to review those statements carefully. Although Next Play Wealth does not provide clients with periodic reports or account statements, if we decide to do so in the future we encourage you to compare the account statements you receive from the qualified custodian with those received from us. Any discrepancies should be immediately brought to the firm's attention.

Item 16 Investment Discretion

Next Play Wealth generally has discretion over the selection and amount of securities to be bought or sold in client accounts without obtaining prior consent or approval from the client for each transaction. However, these purchases or sales may be subject to specified investment objectives, guidelines, or limitations previously set forth by the client and agreed to by Next Play Wealth.

Discretionary authority will only be provided upon full disclosure to the client. The granting of such authority will be evidenced by the client's execution of an Investment Advisory Agreement containing all applicable limitations to such authority. All discretionary trades made by Next Play Wealth will be in accordance with each client's investment objectives and goals.

Item 17 Voting Client Securities

Next Play Wealth will not vote, nor advise clients how to vote, proxies for securities held in client accounts. The client clearly keeps the authority and responsibility for the voting of these proxies. Also, Next Play Wealth cannot give any advice or take any action with respect to the voting of these proxies. The client and Next Play Wealth agree to this by contract. Clients will receive proxy solicitations from their custodian and/or transfer agent.

Item 18 Financial Information

Next Play Wealth does not require or solicit prepayment of more than $500 in fees per client, six months or more in advance, and is not required to file a balance sheet.

Next Play Wealth has discretionary authority over client accounts and is not aware of any financial condition that will likely impair its ability to meet contractual commitments to clients. If Next Play Wealth does become aware of any such financial condition, this Brochure will be updated and clients will be notified.

Next Play Wealth has never been subject to a bankruptcy petition.

Item 19 Requirements for State-Registered Advisers

Carlos Donat Arjona, Managing Member, was born in 1997. Mr. Donat Arjona earned a Bachelor of Business Administration degree in Finance, a Bachelor of Science degree in Operations and Technology Management, and a Master of Science degree in Finance from the University of Portland.

Mr. Donat Arjona founded Next Play Wealth and has served as its Managing Member since August 2025. He is also the Owner of CADOAR Enterprises, LLC since December 2022. Previously, Mr. Donat Arjona was a Customer Service Specialist and Financial Analyst for ROI Financial Advisors from January 2021 to September 2025, and an Investment Advisor Representative for ROI Financial Advisors from February 2023 to September 2025. Mr. Donat Arjona also provided data entry services during the tax busy seasons for ROI-Tax, LLC from December 2022 to October 2025. Prior to that Mr. Donat Arjona was a full time student.

Next Play Wealth is not engaged in any other business other than giving investment advice.

Neither Next Play Wealth nor its investment advisor representatives are compensated for advisory services with performance-based fees.

Neither Next Play Wealth nor its management persons have been involved in an award or found liable in an arbitration claim alleging damages in excess of $2,500 or found liable in any civil, self-regulatory organization, or administrative proceedings.

There are no material relationships maintained by Next Play Wealth or its management persons with any issuers of securities.

To the best of our knowledge, all material conflicts of interest under CCR Section 260.238 (k) have been disclosed in Next Play Wealth's Form ADV, or in the investment advisory agreement that will be used with all investment advisory clients.

Item 1 Cover Page for Brochure Supplement

Carlos Donat Arjona, Managing Member
Next Play Wealth, LLC
1050 SW 6th Ave., Suite 1100
Portland, OR 97204
(971) 712-9420
April 15, 2026

This brochure supplement provides information about Carlos Donat Arjona, CRD# 7446955, that supplements the Next Play Wealth, LLC brochure. You should have received a copy of that brochure. Please contact Carlos Donat Arjona if you did not receive Next Play Wealth, LLC's brochure or if you have any questions about the contents of this supplement.

Additional information about Carlos Donat Arjona is available on the SEC's website at www.adviserinfo.sec.gov.

Item 2 Educational Background and Business Experience

Item 3 Disciplinary Information

Mr. Donat Arjona has not been subject to any criminal or civil actions, administrative, or self-regulatory organization proceedings, revocations, or suspensions.

Item 4 Other Business Activities

Mr. Donat Arjona is not actively engaged in any investment-related outside of Next Play Wealth.

Mr. Donat Arjona is the Owner of CADOAR Enterprises, LLC. CADOAR is a non-operating company that was formed for the sole purpose of holding minority ownership interests in ROI-Tax, LLC, a provider of tax preparation and CPA services, and ROI Tax Holding Inc., a company that was created to acquire a tax preparation company. Mr. Donat Arjona does not spend a material amount of his time or earn a material amount of his compensation from this activity.

Item 5 Additional Compensation

Mr. Donat Arjona does not receive compensation or other economic benefit from anyone who is not a client for providing advisory services.

Item 6 Supervision

Carlos Donat Arjona is the Managing Member and Chief Compliance Officer of Next Play Wealth and can be reached at (971) 712-9420. Mr. Donat Arjona is the only individual that provides investment advice to clients. As a single person firm, Mr. Donat Arjona cannot be supervised, but is a fiduciary by law and is required to act in the best interests of clients.

Item 7 Requirements for State-Registered Advisers

Mr. Donat Arjona has not been involved in an award or found liable in an arbitration claim, civil, or self-regulatory organization event or administrative proceeding, or been the subject of a bankruptcy petition.