Walstad Investment Counsel, Inc.

Walstad Investment Counsel, Inc., established in December 1994, specializes in individually managed equity and balanced portfolio management for taxable and non-taxable accounts. The firm's investment advice covers various securities, including equities, municipal securities, government securities, and mutual funds, tailored to meet clients' objectives and risk preferences. With $61.6 million under management as of December 31, 2022, all assets are in discretionary accounts. The firm charges a 1.0% annual fee on the first $3 million of net asset value and 0.5% on amounts over $3 million, with a minimum account size of $1 million, potentially waived for existing relationships. Fees are prorated upon termination, payable quarterly, and deducted from client accounts. Walstad Investment Counsel does not receive performance-based fees or compensation from outside sources, ensuring no conflicts of interest. The firm's investment strategy focuses on long-term holdings, primarily in equities, with a fundamental security analysis approach. Clients with discretionary accounts grant the firm authority to trade securities within agreed parameters, with the ability to negotiate commissions. The firm does not retain custody of client assets, and clients receive quarterly portfolio reviews and statements. April N. Walstad, the President, has extensive experience in the financial industry and adheres to the CFA Institute's Code of Ethics.