GALECKI FINANCIAL MANAGEMENT INC

Form ADV Part 2A – January 2026 Galecki Financial Management, Inc. 7743 W. Jefferson Blvd. Fort Wayne, IN 46804 Phone: (260) 436-8525 Fax: (260) 436-8825 www.galecki.com Form ADV Part 2A January 14, 2026 This brochure provides information about the qualifications and business practices of Galecki Financial Management, Inc. If you have any questions about the contents of this brochure, please contact us at 260- 436-8525 or brady@galecki.com. 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. Information the SEC's web site Additional about Galecki Financial Management, Inc. also is available on at www.adviserinfo.sec.gov. You can search the site by using a unique identifying number, known as a CRD number. Our firm's CRD number is 107218. Galecki Financial Management, Inc. is a Fee-Only Financial Planning Firm. We do not accept commissions or sell any products. Galecki Financial Management, Inc. Page | 1  Form ADV Part 2A – January 2026 Material Changes Advisory Business Ownership of GFM Greg Galecki retired in 2021 selling his remaining 53% interest to the existing shareholders. Table of Contents Galecki Financial Management Inc. (GFM) is a Registered Investment Advisory firm with the SEC. The principal location is in Fort Wayne, Indiana. The firm began operations in 1990. Contents Form ADV Part 2A .............................................. 1 Material Changes ............................................... 2 The primary owners of the firm are Albert Kohout (20%), Brady McArdle (16%), Melanie Colwell (16%), Kevin Chandler (16%), Andrew Young (16%) and Chloe Blythe (16%). Table of Contents ............................................... 2 Types of Services offered by GFM Advisory Business ............................................... 2 Initial Financial Overview (IFO) Assets Under Management ............................... 7 Fees and Compensation ..................................... 7 Performance Based Fees .................................... 7 Types of Clients .................................................. 7 Method of Analysis ............................................ 8 The Initial Financial Overview (IFO) is packaged as a two-hour review of the Client’s current financial position. It is designed to be an overview of their current situations with projections based on certain assumptions. Disciplinary Information..................................... 9 Other Financial Industry Activities/Affiliations .. 9 Code of Ethics/Client Transactions/Personal Trading ............................................................... 9 Review of Accounts .......................................... 11 The IFO may cover items such as retirement cash flow analysis, education funding and planning, tax planning, insurance analysis, estate planning and investment allocation and planning. The direction of the IFO typically depends on the needs of the Client. Client Referrals and Other Compensation ... 12 Charitable Contributions .............................. 12 Custody ............................................................ 12 Investment Discretion ...................................... 13 Voting Client Proxies ........................................ 13 Financial Information ....................................... 13 The IFO will come with reports outlining the projections and a letter discussing the assumptions, results and recommendations. The fee for the IFO is $300. If a client utilizes our Asset Management services within 6 months of the IFO, the IFO fee is typically reimbursed to the Client on their first Asset Management invoice. Galecki Financial Management, Inc. Page | 2  Form ADV Part 2A – January 2026 Divorce Financial Overview GFM manages client accounts on a Discretionary Basis. This means that GFM has the authority to buy and sell investments without the prior approval of the Client for individual transactions. This approval is given during the account opening process. Going through a divorce can be traumatic both emotionally and financially. The purpose of the Divorce Financial Overview (DFO) is to provide the Client with a review of their financial situation based on a proposed divorce settlement. It is designed to give the individual a better picture as to what their financial future looks like after this major life change. Client accounts are managed by the GFM Investment Committee. Portfolio strategy changes are then communicated to the Client during their meetings with their assigned Certified Financial Planner™ Professional. Trade confirmations and statements are delivered to each client by their custodian (Schwab or TD Ameritrade for example). The DFO will focus on cash flow analysis based on a proposed divorce settlement and typically includes alternate asset distribution scenarios. It is designed to be an overview of the current situation with projections based on certain assumptions. Client accounts are rebalanced periodically to keep the appropriate allocation. However, often, we will attempt to keep rebalancing and portfolio changes to a minimum to help minimize transaction costs for Clients. Investments used in our discretionary portfolios typically include mutual funds, and exchange traded funds (ETFs). However, we might also use common stocks, foreign ADRs, Individual Bonds, CDs, Option contracts, Structured Notes, and Separately Managed Accounts. The DFO will include a customizable Divorce Distribution Worksheet, reports outlining the projections, and a letter discussing the assumptions, results, and recommendations. Two additional alternate scenarios are included throughout the divorce process. The fee for the DFO is $500. If a client utilizes our Asset Management services within 6 months of the DFO, the DFO fee is typically reimbursed to the Client on their first Asset Management invoice. Asset Management We will not place new money into a variable life insurance policy or a variable annuity. However, if a Client comes to GFM with such a policy in place, we can manage the underlying investment options. GFM’s Asset Management fees are billed on a quarterly basis. The fees are calculated as of the first day of every billing quarter. The minimum fee for the service is $1,250 a quarter or $5,000 a year. Here is the current Fee Schedule Table: GFM provides Discretionary Asset Management Services to clients looking for professional investment management. During the IFO, GFM determines the Client’s investment objectives, time horizon, risk tolerance and liquidity needs. These items are agreed upon in the Asset Management Agreement. A client’s portfolio is then managed based on the allocation selected in the Agreement. Galecki Financial Management, Inc. Page | 3  Form ADV Part 2A – January 2026 Fee 1.00% Assets Under Management On first $2 million $20,000 + 0.75% $35,000 + 0.40% On amount above $2 million On amount above $4 million GFM does not take direct custody of Client assets. GFM requests that clients use a custodian such as Charles Schwab to custody their assets. These custodians have certain fees to serve as custodian. These fees represent an additional layer of cost for clients. The minimum fee may be waived by GFM in certain cases. Existing Asset Management clients may be on a different fee schedule. These clients have been grandfathered in under their old Agreements. Paying a minimum fee of $5,000 per year could be a much higher percentage than the schedule listed above. All transaction fees from the custodians are reported on confirmation statements. The rate of return that GFM reports to clients is after all GFM Managements fees, custodial fees, and funds fees. Unless clients are invoiced directly, then their rate of return might not include the GFM fee. Otherwise, clients see the true return, Net of Fees. GFM is sensitive to fees for clients. We have negotiated rates with Schwab which are significantly lower than retail fees. In addition, GFM has access to Institutional Share classes with some fund companies which contain lower annual fees than typical retail share classes. The Asset Management fee is withdrawn from the Client’s accounts at their custodian. Authorization for the fee deduction is given during the account opening procedure. Fees are deducted in the middle of the quarter. In special circumstances, we might bill clients directly or their corporation. In these cases, fees can be billed in arrears. Charitable and non-profit accounts are managed at a flat 0.40% per year. The minimum fee is $800. Upon termination of our Asset Management service, any pre-paid or unearned fee will be refunded to the Client. To calculate the reimbursement amount, we will pro-rate the fee according to the number of days remaining in the billing period. Clients may terminate their Agreement at any time. Mutual Funds and ETFs have “hidden fees”; typically known as annual operating expense ratios. The fund companies withdraw their fees before reporting the total return. This is how they pay their bills and earn their revenue. Separately Managed Accounts (SMAs) get billed directly from the SMA Manager. GFM does not receive any portion of those fees. Rolling money from a qualified retirement plan into a rollover IRA could potentially increase annual expenses for the individual. This creates a potential conflict of interest for GFM. We believe that our services warrant the higher fees, but clients should understand the conflict and situation. Financial Planning Services Some funds and ETFs will have transaction fees to purchase and sell them at the custodian. GFM also does not receive any portion of those fees. GFM does not receive any commissions from any source. Clients utilizing the GFM Asset Management Service will continue to receive Financial Planning services pursuant Galecki Financial Management, Inc. Page | 4  Form ADV Part 2A – January 2026 Client what their projected net worth and investment balance is at any time in the future. to their individual needs. Reviews and updates will be done for retirement cash flow analysis, estate planning, tax planning, and risk management. The reviews will occur at the client’s request, or periodically based on the complexity of the situation. Through this cash flow planning process, we can identify excess cash flow years and deficit cash flow years. We can then make recommendations designed to improve the cash flow projections. Typically, clients with larger investment assets have more complex financial planning needs and are therefore more routinely updated. Clients with simpler planning needs are updated less frequently. Updates and reviews are determined by the client’s assigned CFP® Professional. Financial Planning Services (Stand Alone) Once the cash flow baseline analysis has been complete, we can then begin to build the plan and focus on other areas. We will begin to focus on tax planning, estate planning, retirement planning and risk management. This type of Broad Based Planning is designed to be built over a two year period. However, it often becomes perpetual as our clients’ situations and circumstances typically change over time. GFM will provide more Broad Based Financial Plans for Individuals (Typically High Net-Worth Individuals). This can be described as a holistic evaluation of a Client’s current and future financial state, determined by using currently known variables to predict future cash flows and net worth projections. GFM’s financial plans are cash flow based…not modular based! Some of the areas that we may focus on are: family structure, income sources, expenses, assets, liabilities, portfolio diversification, 401k and pension choices, education planning, stock options, employee benefits, life insurance, disability insurance, health insurance, Medicare choices, tax planning, estate planning and other various goals. Modular planning focuses on answering questions about individual areas of financial planning without taking into consideration the Client’s holistic picture. For example, modular planning might tell a Client how much life insurance they need using general rules of thumb, such as 3 times current salary. But this would not take into consideration items such as education planning, or cash flow needs. GFM may recommend the services of other professionals for implementation purposes (attorneys or accountants). The Client is under no obligation to engage the services of these professionals. The Client is free to accept or reject any recommendations made by GFM. The cash flow planning that GFM uses analyzes income sources, then subtracts out living expenses and other future goals. Taxes are taken out each year and projections can then be made accordingly. Once this analysis is complete, we can tell a The Stand Alone planning service fee depends on the complexity of the actual plan. A quote will be provided based on the estimated number of hours to complete the plan. An annual retainer will be used and will generally range from $5,000 to $10,000. Galecki Financial Management, Inc. Page | 5  Form ADV Part 2A – January 2026 We only allow Clients to use our hourly service on three occasions after the IFO. Hourly Consulting fees are non-refundable. All fees are agreed upon in a signed Financial Planning Agreement. Fees are to be paid quarterly via an invoice mailed to the Client however; GFM will charge the first six months in advance before planning work will begin. The hourly fee for all CFP® Professionals on staff is $250. Retirement Plan Services GFM’s Retirement Plan Services are customized to the particular needs of the Retirement Plan Sponsor. GFM is hired by the Trustees of the Plan, which is usually the employer or Plan Sponsor. GFM can offer the following services to Plan Sponsors: It is expected that the GFM staff will meet with a Financial Planning Client four times each year in meetings that might last two to three hours. The Client may contact any of the GFM staff at any time between meetings to ask questions, update information, or otherwise seek guidance. There is no extra cost for calls, contacts, e-mails, or additional meetings during the year; the annual retainer puts GFM staff on call as the Client's needs arise. • Investment Policy Statement Development • Portfolio Recommendations and Monitoring The fee for the Financial Plan may be offset by Asset Management fees for those utilizing that service. In many cases, the Asset Management fee being earned by GFM is enough to waive the entire Financial Planning fee. • Fund Performance and Evaluation • Recommending Available Funds • Meet with Employees • Review Plan’s custodian and provider • Act as additional fiduciary to the Plan Financial Planning Services may be terminated at any time by the Client. However, Stand Alone Financial Planning Fees (Those not using Asset Management Services) are not refundable. Hourly Consulting Fees GFM can meet with Plan Trustees to determine an appropriate investment strategy and build an Investment Policy Statement. GFM can also assist in selecting specific investments for the Plan and will make recommendations for any necessary changes. It is unusual for GFM to work with Clients on an hourly basis. After a Client has been through the IFO process, they typically utilize our Asset Management Service which comes with ongoing Financial Planning Services. In some cases, Clients may not engage our Asset Management Services, but would like future updates and reviews of their financial situation. We will charge our hourly fee for these services. GFM is deemed to be a fiduciary to the Plan pursuant to the Employee Retirement Income and Securities Act (ERISA). GFM will charge an annual flat fee for our services. The fee is dependent upon the services rendered and is individually negotiated and contracted with the Plan Galecki Financial Management, Inc. Page | 6  Form ADV Part 2A – January 2026 Performance Based Fees Sponsors or Trustees. All fees are agreed to and contracted before services begin. GFM does not charge performance-based fees. Retirement Plan Service fees are typically charged in advance on a quarterly basis. Any part of the fee that has already been paid is non-refundable. Types of Clients Assets Under Management The types of clients that we work with were listed in the Advisory Business section. However, here is a summary of these clients: As of January 14, 2026, GFM was actively managing $920,887,862 for 539 clients. IFO and DFO Clients IFO Clients are typically moderate or high net worth individuals. Fees and Compensation Asset Management Clients All GFM Fees were identified in the Advisory Business section. Here is a summary of those fees. Asset Management Clients are individuals, Pension and Profit Sharing Plans, Charitable Organizations, Corporations, Trustees, Trusts and Foundations. Financial Planning Clients (Stand Alone) Service IFO DFO Fee $300 $500 These are typically high net worth individuals. Asset Management Fee Schedule based Hourly Fees on AUM Annual Retainer Financial Planning (Stand Alone) Hourly Planning Retirement Plan Services $250-$350 per hour Annual Retainer or Negotiated Cost Hourly Fee Clients are individuals, Pension and Profit-Sharing Plans, Charitable Organizations, Corporations, Trustees, Trusts and Foundations. Retirement Plan Services GFM only receives direct compensation from our Clients. However, we do receive certain indirect economic benefits from other sources. This is outlined in the Brokerage Practices section. The primary Client for these services will be Pensions, Profit-Sharing and 401(k) Plans, where GFM does not directly manage the underlying investments. Galecki Financial Management, Inc. Page | 7  Form ADV Part 2A – January 2026 Method of Analysis different asset classes to provide sufficient diversification within the portfolios. Asset classes that could be utilized by GFM are as follows: GFM analyzes investments and portfolios through their Investment Committee. The Investment Committee is made up of the following members. Intermediate-term bonds • Albert Kohout, CFP®, MBA • Brady McArdle, CFP® • Melanie Colwell, CFP® • Andy Young, CFP®, CPA • Kevin Chandler, CFP® • Chloe Blythe, CFP® The Investment Committee meets formally on a monthly basis. The Committee also communicates often with each other about various market and economic data. The Investment Committee is responsible for reviewing: • Client Portfolios • Performance of the Investments • Economic and Business News • Asset Allocation Changes • Client Feedback The Committee follows and reviews different economists and publications. Decisions are made based upon current market and economic indicators. • Short-Term Bonds • • Long-term bonds • Municipal bonds • Treasury inflation protected bonds • Convertible bonds • High-yield bonds • Global bonds • International bonds • Emerging market bonds • Market neutral funds • Global or international real estate trusts • Real estate investment trusts • Preferred stock • Bear funds • Small cap value • Small cap growth • Mid cap value • Mid cap growth • Large cap value • Large cap growth • International small cap value fund • International mid cap value fund • International large cap value fund • International emerging fund • Country-specific ETF Mutual Funds, ETFs, SMA Managers and other investments are analyzed based upon proprietary methods. The intent is to find and retain fund managers who have consistently outperformed their benchmark indices based on risk, return and other intangibles. Any of the above asset classes could be used within the GFM portfolios as initially determined by the Client's overall risk and return objective, and then further specified by the Investment Committee's asset allocation in each Client's portfolio. All of the aforementioned investments come with various risks. Past performance is not GFM begins with a diversified asset allocation strategy. This strategy has taken many years to develop and implement. Appropriate allocations are implemented to Galecki Financial Management, Inc. Page | 8  Form ADV Part 2A – January 2026 GFM has adopted a Code of Ethics which sets high standards of business conduct, and compliance. This code is agreed to and attested annually. A copy of the GFM Code of Ethics is available upon request. guaranteed to continue. Although GFM attempts to develop a diversified portfolio intended to minimize the overall risk, it is important for clients to understand that the risk of loss of principal over a short-term time horizon is existent. This risk is typically discussed during the Agreement signing process and during subsequent meetings. GFM employees must comply with applicable federal and state security laws. In accordance with section 204A of the Investment Advisors Act of 1940, GFM maintains and enforces written policies and procedures that are designed to prevent the misuse of material non-public information. Client Transactions Purchases are made in accounts with the intent of holding them for many years, but at the very least 12 months or more. As a practical manner, we try to focus on long term growth and performance. There may be times when investments are held for less than a year. Neither GFM nor its employees may buy or sell for client accounts any individual security in which GFM or its employees have a material financial interest. This does not include open-ended mutual funds as participation in these investments would not materially impact client holdings. GFM does study and follow technical analysis. It is possible that GFM could make portfolio moves based on technical analysis if the Committee deems it would be beneficial for clients. Disciplinary Information Personal Trading GFM has not been involved in any Disciplinary events or actions. Other Financial Industry Activities/Affiliations GFM and our employees are not affiliated with any other financial institution or activity. All GFM employees are required to get approval for any outside employment. GFM has a personal security transaction policy in place to monitor the personal securities transactions and holdings of all employees. All trades in individual securities must be pre-approved by the Chief Compliance Officer. This is done to prevent any potential front running violations. Front running is when an employee of a firm would buy an individual security, then purchase large amounts of the same security in client accounts. This might force the price higher, in which case, the employee can then sell at a profit. Code of Ethics/Client Transactions/Personal Trading Code of Ethics The pre-cleared transaction policy does not include open-ended mutual funds that are typically purchased in 401k plans. Purchases in these funds do not need to be Galecki Financial Management, Inc. Page | 9  Form ADV Part 2A – January 2026 custodian and assist with any transfer of assets/investments to the custodian. pre-approved as they will not impact market movement. GFM encourages the Investment Committee members to use portfolios similar to the portfolios in which our Clients are invested. In addition, GFM employees may have an interest or position in a certain stock or investment which may also be recommended to a Client. It is not mandatory for a Client to have an account at Schwab. GFM does have many clients with accounts at Fidelity, Lincoln and various other financial institutions. If these accounts are managed by GFM per Client request, then GFM may maintain client web login information. With this information, GFM can download balances and transactions and make trades on behalf of the client. In these cases, GFM may be deemed to have “custody” of these assets per recent SEC regulations. GFM also requires employees to submit an annual holdings report identifying all investment holdings. This is another opportunity for GFM to monitor employee transactions and identify any potential conflicts of interest. Brokerage Practices GFM utilizes a separate custodian (Schwab) to custody Client assets. GFM must hire an accounting firm to do an annual surprise examination of accounts in which GFM maintains “custody”. GFM hires GBQ Partners to conduct these examinations. GBQ will verify balances with these custodians and the clients directly. GFM must pay the fee for these annual examinations. Research and Additional Benefits The custodian may charge transaction fees to Clients for purchasing funds, stocks, ETFs or other securities. GFM does not receive any part of the custodian’s commissions or transaction fees. In choosing a custodian for Client assets, GFM looks for cost competitiveness, good service, financial security, good technology, accuracy and reliability, good trade execution, and solid back-up procedures. Schwab meets these criteria. Galecki Financial Management, Inc. considers a number of factors in selecting brokers and custodians at which to locate (or recommend location of) its client accounts, including, but not limited to, execution capability, experience and financial stability, reputation and the quality of services provided Prior to engaging GFM to provide Asset Management services, the Client will be required to enter into a formal Asset Management Agreement with GFM setting forth the terms and conditions under which GFM shall manage the Client's assets, and a separate custodial agreement with each designated custodian. GFM will assist the Client with opening accounts at the GFM also participates in training sessions held by Schwab at various locations. These sessions typically include updates on new services and technologies at these firms, as well as economic updates, Mutual Fund management updates, and industry continuing education. It is typical that GFM will receive a reduced rate for hotel rooms, or dining at a conference of this nature. Galecki Financial Management, Inc. Page | 10  Form ADV Part 2A – January 2026 However, the hotel room discounts are not subsidized by Schwab as much as they are simply block discounts as you would also get if attending a wedding party. GFM maintains a trade/error account at Schwab. material conflict of interest for GFM as the receipt of such services from BlackRock reduces GFM’s operating costs, which creates an incentive for GFM to recommend and utilize products sponsored or distributed by BlackRock in the management of all client accounts. GFM may receive economic benefit from Schwab in the form of reduced cost for certain services. In addition, GFM clients may receive reduced commissions and fees with each custodian because GFM has negotiated lower rates for all GFM clients. Review of Accounts GFM reviews portfolios with Clients who are utilizing our Asset Management service on an ongoing basis by the Investment Committee and the assigned CFP® Professional. Clients are advised that it is their responsibility to notify GFM of any material changes in their financial situation or objectives. All Clients are encouraged to review their financial situation, objectives, and account performance with GFM at least annually. BlackRock Fund Advisors BlackRock Fund Advisors (“BlackRock”, CRD No. 105247) has granted GFM with access to its Aladdin® Platform, a portfolio management and risk analytics operating system, as well as marketing support at no cost to GFM. Investment models generated by the Aladdin® Platform are used by GFM in the development and maintenance of the Models and their related series. BlackRock does not provide and is not responsible for providing investment advice to clients of GFM, does not participate in or make any investment decisions on behalf of GFM or clients of GFM, does not endorse any investment decision or recommendation made by GFM, and has no obligation to continue to provide GFM with its investment models and/or access to the Aladdin® Platform. In addition to investment research, models and/or technology, BlackRock provides or may provide discounted or free attendance to conferences, meetings and other educational or social events, which may include full coverage of travel expenses to such events. Clients should be aware that the receipt of these benefits creates a conflict of interest for GFM as it creates another incentive for GFM to recommend the use of iShares ETFs and/or other BlackRock products in the investment management of client accounts. GFM addresses these conflicts of interest by (1) providing disclosure of the relationship and the associated conflicts of interest to clients in this Brochure and (2) reminding clients that they have the ability to impose reasonable restrictions on the securities or types of securities to be held in The development and maintenance of the GFM Models, is materially supported by BlackRock Fund Advisors and/or its affiliates, including BlackRock Investments, LLC (collectively, “BlackRock”), which provides GFM with investment research, model recommendations and marketing support at no cost. Research and recommendations provided by BlackRock to GFM, however, predominantly favor the use of iShares ETFs, which are distributed by BlackRock. While GFM is under no obligation to utilize iShares ETFs in the management of the GFM Models, such models will predominantly utilize iShares ETFs in their construction. This creates a Galecki Financial Management, Inc. Page | 11  Form ADV Part 2A – January 2026 their portfolios, including a restriction on the purchase and/or use of investment products associated with BlackRock. create a conflict of interest because these donations could be interpreted as an attempt to retain the advisory business of these clients or that certain clients are favored over other clients. Clients are provided with monthly statements from their custodian. GFM also provides quarterly performance statements. Most statements are provided in secure Client Vaults to reduce our carbon print. Client Referrals and Other Compensation It is GFM policy to not engage solicitors or pay related or non-related persons for referring potential clients to our firm. Some of these charities include the Shruti Foundation, Isaac Knapp Dental Society, Jyothi Corporation, Center for Whitley County Youth, Camp-Watcha-Wanna-Do and the Fort Wayne Trails. This is not intended to be an all-inclusive list and these charities will change from year to year. Although the conflict exists, GFM will continue to contribute to these organizations because the owners feel it is the right thing to do to give back to the community. Custody It is GFM policy to not take physical custody of Client assets. This is why we use Schwab to custody client assets. As discussed in the Brokerage Practices section, GFM may receive indirect economic benefit from Schwab. However, it is our policy to not accept any other form of compensation from a non-client in conjunction with the advisory services that we provide to our Clients. GFM may reward employees with cash bonuses for bringing on new business. GFM gets written authority from Clients during the account opening process to debit Client fees directly from their investment accounts. This alone does not mean that GFM has custody of those Client assets. GFM receives an economic benefit in the form of support products and services it makes available to us and other Advisors that have their clients maintain their accounts at Schwab. The availability and economic benefit to GFM is not based on giving particular investment advice, such as buying particular securities. Charitable Contributions However, the SEC recently modified the custody rule to include some situations in which GFM is deemed to have “custody” of Client assets. This can occur if the Client has given GFM their web login credentials for an outside account. Because GFM could potentially change the address of record with this information, GFM is deemed to have “custody” of that account. GFM has made contributions to charitable organizations in the past and will likely continue this support. GFM has clients that are affiliated with these organizations. GFM understands that these contributions could As mentioned previously, GFM must hire an accounting firm to conduct an annual surprise examination to review the accounts in which GFM has “custody”. GFM has hired GBQ Partners to conduct these annual Galecki Financial Management, Inc. Page | 12  Form ADV Part 2A – January 2026 examinations. GFM must pay all fees associated with these examinations. bankruptcy proceedings or other type events pertaining to the Client's investment assets. Clients are responsible for instructing each custodian of their accounts to forward to the Client copies of all proxies and shareholder communications relating to the Client's investment assets. All Clients receive statements and trade confirmations from their custodians. Clients are encouraged to review these statements and trade confirmations to ensure accuracy. Custodians do not calculate the GFM fee, so it is important that Clients carefully review their statements. Clients should contact GFM directly if an error is identified. Investment Discretion Clients will receive their proxies directly from their custodian. Clients may contact GFM to inquire about the proxy. We do not offer consulting assistance regarding proxy votes. Financial Information GFM manages Asset Management accounts on a discretionary basis. “Discretionary” means that GFM’s Investment Committee determines what, when and how much of each investment to buy or sell without the approval of the Client on each individual transaction. GFM does not have a financial condition to report to Clients. GFM does not require payment of fees more than 6 months in advance of services rendered. Therefore, we are not required to include a Financial Statement with this Brochure. GFM has not been the subject of a bankruptcy petition. Clients give GFM discretionary authority when they sign our Asset Management Agreement. The Client also gives GFM discretion on the custodian application or Limited Power of Appointment form. Clients may amend or change these discretionary instructions at any time by contacting the custodian directly. Voting Client Proxies GFM does not vote proxies on behalf of Clients. Clients maintain exclusive responsibility for: • Directing the manner in which proxies elicited by issuers of investments beneficially owned by the Client shall be voted and • Making all elections relative to mergers, acquisitions, tender offers, Galecki Financial Management, Inc. Page | 13