Magnetic North Advisors

**Summary:** Priebe Wealth Holdings, LLC, operating as Magnetic North Advisors, is a registered investment adviser offering financial planning, consulting, and investment management services. Established in September 2020, the firm is owned by Jason Priebe and manages over $480 million in assets on a discretionary basis. Services include financial planning, wealth management, and retirement plan consulting. Clients have discretion over their accounts and can impose restrictions if deemed necessary. The fee structure includes fixed fees for financial planning and annual fees based on assets under management for investment management services. The firm may recommend insurance products and receives referral fees from affiliated entities. Magnetic North does not engage in performance-based fees and does not accept proxy voting authority for client securities. The firm exercises investment discretion and does not have custody of client funds. Clients receive account statements directly from custodians and periodic reports from the firm. Magnetic North recommends using LPL Financial for custody and brokerage services, with considerations for financial strength, reputation, and service quality. The firm receives support services from LPL, and certain Supervised Persons are registered representatives of LPL. The firm has a Code of Ethics in place and does not have any disciplinary history. Clients are encouraged to review account statements and reports regularly.