Krm Financial Planning & Wealth Management, LLC

Item 1. Cover Page KRM Financial Planning & Wealth Management, LLC Part 2A of Form ADV 555 S. Randall Rd. Suite 202 St. Charles, IL 60174 www.KRMFinancial.com May 01, 2026 This brochure provides information about the qualifications and business practices of KRM Financial Planning & Wealth Management. If you have any questions about the contents of this brochure, please contact us at (630) 377-8760. 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. Additional information about KRM Financial Planning & Wealth Management is also available on the SEC’s website at: www.sec.gov. 1  Item 2. Material Changes This Firm Brochure is our disclosure document prepared according to regulatory requirements and rules. Consistent with the rules, we will ensure that you receive a summary of any material changes to this and subsequent Brochures within 120 days of the close of our business fiscal year. Furthermore, we will provide you with other interim disclosures about material changes as necessary. There have been no material changes since the last annual updating amendment. Item 3. Table of Contents Item 1. Cover Page ....................................................................................................................... 1 Item 2. Material Changes ............................................................................................................. 2 Item 3. Table of Contents ............................................................................................................. 2 Item 4. Advisory Business ........................................................................................................... 2 Item 5. Fees and Compensation ................................................................................................... 5 Item 6. Performance-Based Fees and Side-by-Side Management ............................................... 6 Item 7. Types of Clients ............................................................................................................... 6 Item 8. Methods of Analysis, Investment Strategies and Risk of Loss ........................................ 6 Item 9. Disciplinary Information .................................................................................................. 7 Item 10. Other Financial Industry Activities and Affiliations ..................................................... 7 Item 11. Code of Ethics, Participation or Interest in Client Transactions and Personal Trading .... 7 Item 12. Brokerage Practices ....................................................................................................... 8 Item 13. Review of Accounts ...................................................................................................... 11 Item 14. Client Referrals and Other Compensation ................................................................... 12 Item 15. Custody ........................................................................................................................ 12 Item 16. Investment Discretion ................................................................................................... 12 Item 17. Voting Client Securities ............................................................................................... 12 Item 18. Financial Information................................................................................................... 13 Item 4. Advisory Business KRM Financial Planning & Wealth Management (“KRM”) is an SEC-registered investment adviser providing asset management services primarily for high-net-worth clients. The firm is owned by Kraig R. Mickelsen. Investment Management KRM provides investment management services (“Program”) by directing the assets of clients to be allocated in various model portfolios created by KRM or third-party money managers appointed by KRM based upon a rigorous due diligence process. KRM provides recommended strategic asset/style allocations and investment strategies together with recommendations on rebalancing and manager changes. Please see Item 8 for additional information on methods of analysis and investment strategies. Selection of Third-Party Money Managers(s) (“TPMMs”) As part of our investment advisory services, we may recommend that you use the services of a TPMM to manage all, or a portion of, your investment portfolio. After gathering information about 2  your financial situation and objectives, we will recommend that you engage a specific TPMM or investment program. KRM evaluates a variety of information about each sub-adviser, which may include public disclosure documents, materials supplied by the TPMM themselves and other third- party analyses it believes are reputable. To the extent possible, the Firm seeks to assess the TPMM’s investment strategies, past performance, and risk results in relation to its clients' individual portfolio allocations and risk exposure. KRM also takes into consideration each independent manager's management style, returns, reputation, financial strength, reporting, pricing, and research capabilities, among other factors. KRM continues to provide services relative to the discretionary selection of the TPMM. On an ongoing basis, the Firm monitors the performance of those accounts being managed by each TPMM. KRM seeks to ensure the TPMM’s strategies and target allocations remain aligned with its clients' investment objectives and overall best interests. Portfolio Composition KRM, or managers selected by KRM, will retain complete discretion to formulate, monitor, and revise the portfolios. KRM will perform due diligence on recommended product offerings and recommend strategic asset/style allocations and investment strategies in each portfolio. Fee-Based Variable Annuities KRM may recommend fee-based variable annuities to clients. Variable annuities allow the accumulation of tax-deferred gains and may be advantageous for high-tax-bracket clients. Financial Planning and Consulting Services KRM will typically provide a variety of financial planning services to individuals, families, and businesses under the terms of the written agreement between the Advisor and the client. KRM employs a comprehensive financial planning process designed to define each client’s financial objectives, analyze the objectives, and create a step-by-step plan to achieve the objectives. Such financial planning services will involve preparing a financial plan or rendering a financial consultation with clients. This planning or consulting may encompass one or more areas of need, including, but not limited to: Risk management Expense and income planning Tax planning Investment management Retirement planning Estate planning A financial plan developed for, or financial consultation rendered to, the client will usually include general recommendations for a course of activity or specific actions to be taken by the client. For example, recommendations may be made that the client start or revise their investment programs, commence or alter retirement savings, establish education savings and/or charitable giving programs. KRM may also refer clients to an accountant, attorney or another 3  specialist, as appropriate for their unique situation. For certain financial planning engagements, the Advisor will provide a written summary of client’s financial situation, observations, and recommendations. For consulting or ad-hoc engagements, the Advisor may not provide a written summary. Plans or consultations are typically completed within six months of contract date, assuming all information and documents requested are provided promptly. Financial planning, consulting and/or advisory recommendations may pose a potential conflict between the interests of the Advisor and the interests of the client. clients are not obligated to implement any recommendations made by the Advisor or maintain an ongoing relationship with the Advisor. If the client elects to act on any of the recommendations made by the Advisor, the client is under no obligation to execute the transaction through the Advisor. Please note investment management services are contracted separately from consulting and entail additional fees which are stated in each advisory agreement. Retirement Plan Consulting Services KRM provides Retirement Plans with Fiduciary Services, and/or Communication and Education Services (“Services”), as agreed to in KRM’s Retirement Plan Services Agreement. Plan Fiduciary Services KRM serves as an ERISA 3(21) Fiduciary in support of the Plan Sponsor, depending on the terms of the agreement with the Plan. KRM provides the following Fiduciary Services, under the terms of the Retirement Plan Services Agreement with each Plan Sponsor: • Vendor Analysis • Employee Enrollment and Education Tracking • Investment Policy Statement • Investment Monitoring • Performance Reports • Ongoing Investment Recommendation and Assistance • ERISA 404(c) Assistance • Benchmarking Services • Plan Design Communication and Education Services KRM provides Communication and Education to the Plan and its Participants, under the terms of the Retirement Plan Services Agreement with each Plan Sponsor: • Upon eligibility, direct employee contact to promote plan enrollment • Investment education • Comprehensive financial planning • Periodic company-wide employee survey of retirement plan understanding • Customer satisfaction surveys • Periodic employee group education opportunities Client Assets Under Management As of the date of this brochure, KRM had $211,482,938 in regulatory assets under management. 4  Item 5. Fees and Compensation Investment Management Services For the services contemplated in Item 4 of this brochure, KRM charges an asset-based fee based on the following blended fee schedule: Assets Under Management $0 to $500,000 Next $500,001 to $1,000,000 Next $1,000,001 to $2,500,000 $2,500,001 and above Annual Fee 1.25% 0.75% 0.65% 0.55% Fees are billed monthly in arrears based on the closing value of the prior month. Deposits and withdrawals are prorated based on the number of days in the month. Note, this is a blended fee schedule, so a $1,000,000 account would be billed 1.25% on the first $500,000 and 0.75% on the next $500,000 for a blended rate of 1.00%. Advisory fees are dependent upon several factors including average account size, number of accounts, fee structures of third-party model providers, if applicable. General Information on Fees Comparable services may be obtained from other advisers at a lower rate, and KRM’s advisory fees are negotiable. The fee charged is calculated as described above, and is not charged on the basis of a share of capital gains upon or capital appreciation of the funds or any portion of the funds of an advisory client (SEC Rule 205(a)(l)). In addition to KRM’s fees, clients will be responsible for third-party manager fees, trading costs, custodian fees, transfer taxes, SEC fees and related fees. Clients may terminate any client agreement any time as provided therein or otherwise terminate that client’s participation in the Program. clients will not be charged a fee if the agreement is terminated within the first five days. All fees paid to KRM for investment advisory services are separate and distinct from the fees and expenses charged by registered investment companies (such as mutual funds, exchange-traded funds, closed-end funds, and structured products) and to their shareholders. These fees and expenses are described in each fund's prospectus. These fees will generally include a management fee, other fund expenses, and occasionally a marketing/distribution fee. A client could invest in a registered investment company directly, without the services of KRM. In that case, the client would not receive the services provided by KRM which are designed, among other things, to assist the client in determining which mutual fund or funds are most appropriate to each client’s financial condition and objectives. KRM’s advisory professionals may receive commission-based compensation for the sale of insurance products. Please see Item 10 for detailed information and conflicts of interest. Financial Planning Services Hourly fees range from $250 per hour and up, and fixed fee services range from $1,500 to $50,000. These are negotiated fees based on the scope and complexity of the services provided. Clients may 5  be invoiced directly, monthly in arrears for financial planning and/or consulting services charged on an hourly or flat fee basis. Retirement Plan Consulting Services The annual fees range from 0.25% to 1.50%, which may be deducted from plan assets or invoiced, monthly in arrears. These are negotiated fees based on the scope and complexity of the services provided. Item 6. Performance-Based Fees and Side-by-Side Management KRM does not charge any performance-based fees to clients. Item 7. Types of Clients KRM primarily provides customized investment management services to individuals, trusts, foundations, endowments, pension and profit-sharing plans, and businesses. KRM does not have a minimum account size. Item 8. Methods of Analysis, Investment Strategies and Risk of Loss The objective of our asset allocation theory and models is to assist clients in achieving superior returns given their risk tolerance level. The combination of proprietary research, academic theory and market research helps to guide our asset allocation decisions. KRM may also utilize a variety of computer- simulated models in proposing asset allocations for clients. KRM’s manager research efforts often blend quantitative screens with an emphasis on our senior professional’s product knowledge and the dynamic interaction between investment process and investment cycles. KRM’s due diligence of third-party managers typically includes, but is not limited to, the following: • Assets under management and growth in assets under management • Ownership structure • Investment thesis repeatability of investment process • Industry reputation • Depth of research staff • Market cap analysis • Portfolio duration and structure analysis • Expenses • Turnover & trading costs • Composite construction methodology KRM may use third-party databases as the primary tools for initial screening, quantitative, and comparative research of third-party mutual funds, exchange-traded funds, managers and other securities. For financial planning, KRM uses eMoney, and for tax planning, Holistiplan, and Savvy Social Security Planning for social security planning, Nitrogen for risk assessments, Morningstar for securities analysis, and Orion for performance reporting. 6  Risk of Loss All investing involves a risk of loss that clients should be prepared to bear. The identification of securities and other assets believed to be undervalued is a difficult task, and there are no assurances that such opportunities will be successfully recognized or acquired by third-party managers. KRM cannot give any guarantee that it will achieve a client’s investment objectives or that clients will receive a return of its investment. Below is a summary of potentially material risks for each significant KRM investment strategy used, the methods of analysis used, and/or the particular type of security recommended. Lack of Control – KRM will not have a role in the management of clients’ third-party managed accounts and it will likely not have the opportunity to evaluate in advance the specific investments made by any third-party managers. As a result, the rates of return to clients will primarily depend upon investment and management decisions of third-party managers and returns could be adversely affected by the unfavorable performance of such managers. Item 9. Disciplinary Information KRM and its employees have not been involved in any legal or disciplinary events in the past 10 years that would be material to a client’s evaluation of the company or its personnel. Item 10. Other Financial Industry Activities and Affiliations KRM may have Investment Adviser Representatives that are also independently licensed insurance agents. From time to time, they may offer clients advice or products from those activities. Clients should be aware that these services pay a commission and involve a possible conflict of interest, as commissionable products can conflict with the fiduciary duties of a registered investment adviser. KRM always acts in the best interest of the client; including the sale of commissionable products to advisory clients. Clients are in no way required to implement the plan through any representative of KRM in their capacity as insurance agent. KRM does not receive payment from any other company for the referral of business. Item 11. Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Participation or Interest in Client Transactions KRM has established the following restrictions in order to ensure its fiduciary responsibilities: 1) No member or employee of KRM shall buy or sell securities for their personal portfolio(s) where their decision is substantially derived, in whole or in part, by reason of his or her employment unless the information is also available to the investing public on reasonable inquiry. No person of KRM shall prefer his or her own interest to that of the advisory client. 2) KRM maintains a list of all securities holdings for itself, and anyone associated with its advice my practice with access to advisory recommendations. 3) KRM emphasizes the unrestricted right of the client to decline to implement any advice rendered by KRM. 7  4) KRM emphasizes the unrestricted right of the client to select and choose any broker or dealer he or she wishes. 5) KRM requires that all individuals must act in accordance with all applicable Federal and State regulations governing registered investment advisory practices. Code of Ethics KRM's Code of Ethics (the "Code") governs the business and employees of KRM. The Code provides principles and rules to be followed by members, officers and employees of KRM in the performance of their professional duties. The Code operates in conjunction with KRM's policies and procedures that govern employees. The basic principle that governs the conduct of the applicant's business is loyalty to the interests of its clients. The Code provides that no KRM officer or employee, directly or indirectly, shall (a) employ any device, scheme or artifice to defraud a client; (b) engage in any act, practice or course of conduct which operates or would operate as a fraud to deceit upon a client; or (c) engage in any manipulative practice with respect to a client. The Code requires that no officer or employee profit, directly or indirectly from his or her position with KRM to the detriment or at the expense of clients; and no officer or employee of KRM shall take for his or her own advantage any corporate opportunity for profit, which he or she learns about due to such person's position with KRM. KRM's Code, among other things, prohibits officers and employees of KRM from engaging in securities purchase and sale transactions while in possession of material non-public information or in a transaction that is known to be opposite KRM clients, to be a misuse of non-public or KRM information regarding clients, portfolios and securities and making, soliciting and accepting (other than as a family member) gifts of more than modest value, preferential treatment or other considerations. Conflicts of interest must be disclosed to KRM's Chief Compliance Officer, who is responsible for enforcing the Code. KRM's Code also requires employees to: 1) pre-clear certain personal securities transactions, 2) report personal securities transactions on at least a quarterly basis, and 3) provide KRM with a detailed summary of certain holdings (both initially upon commencement of employment and annually thereafter) over which such employees have a direct or indirect beneficial interest. A copy of the Code will be provided to any client or perspective client upon request. KRM's current Chief Compliance Officer is Kraig R. Mickelsen. Mr. Mickelsen is also engaged in providing advisory services to KRM clients and his background and experience is summarized in Form 2B. Item 12. Brokerage Practices Custodian Recommendations KRM considers the financial strength, reputation, operational efficiency, cost, execution capability, level of customer service, and related factors in recommending broker-dealers or custodians to advisory clients. In certain instances, and subject to approval by KRM, KRM will recommend to clients certain other broker-dealers and/or custodians based on the needs of the individual client, and taking into consideration the nature of the services required, the experience of the broker-dealer or custodian, the cost and quality of the services, and the reputation of the broker-dealer or custodian. The final determination to engage a broker-dealer or custodian recommended by KRM will be made by and in 8  the sole discretion of the client. The client recognizes that broker-dealers and/or custodians have different cost and fee structures and trade execution capabilities. As a result, there may be disparities with respect to the cost of services and/or the transaction prices for securities transactions executed on behalf of the client. Clients are responsible for assessing the commissions and other costs charged by broker-dealers and/or custodians. How We Select Brokers/Custodians to Recommend KRM seeks to recommend a custodian/broker who will hold client assets and execute transactions on terms that are overall most advantageous when compared to other available providers and their services. We consider a wide range of factors, including, among others, the following: • combination of transaction execution services along with asset custody services (generally without a separate fee for custody) • capability to execute, clear, and settle trades (buy and sell securities for client accounts) • capabilities to facilitate transfers and payments to and from accounts (wire transfers, check requests, bill payment, etc.) • breadth of investment products made available (stocks, bonds, mutual funds, exchange- traded funds (ETFs), etc.) • availability of investment research and tools that assist us in making investment decisions • quality of services • competitiveness of the price of those services (commission rates, margin interest rates, other fees, etc.) and willingness to negotiate them reputation, financial strength, and stability of the provider their prior service to us and our other clients • • • availability of other products and services that benefit us, as discussed below Soft Dollar Arrangements As a result of the firm’s recommendation to clients to custody assets with a specific custodian, the firm is deemed to be in receipt of soft dollar benefits from said custodian. Please refer to the following for disclosure of such benefits. Institutional Trading and Custody Services The custodian provides KRM with access to its institutional trading and custody services, which are typically not available to the custodian’s retail investors. These services generally are available to independent investment advisors on an unsolicited basis, at no charge to them so long as a certain minimum amount of the advisor’s clients’ assets are maintained in accounts at a particular custodian. The custodian’s brokerage services include the execution of securities transactions, custody, research, and access to mutual funds and other investments that are otherwise generally available only to institutional investors or would require a significantly higher minimum initial investment. Other Products and Services Custodian also makes available to KRM other products and services that benefit KRM but may not directly benefit its clients’ accounts. Many of these products and services may be used to service all or some substantial number of KRM's accounts, including accounts not maintained at custodian. The custodian may also make available to KRM software and other technology that • provide access to client account data (such as trade confirmations and account 9  • statements) facilitate trade execution and allocate aggregated trade orders for multiple client accounts facilitate payment of KRM’s fees from its clients’ accounts • provide research, pricing and other market data • • assist with back-office functions, recordkeeping and client reporting The custodian may also offer other services intended to help KRM manage and further develop its business enterprise. These services may include • compliance, legal and business consulting • publications and conferences on practice management and business succession • access to employee benefits providers, human capital consultants and insurance providers The custodian may also provide other benefits such as educational events or occasional business entertainment of KRM personnel. In evaluating whether to recommend that clients custody their assets at the custodian, KRM may take into account the availability of some of the foregoing products and services and other arrangements as part of the total mix of factors it considers, and not solely the nature, cost or quality of custody and brokerage services provided by the custodian, which may create a potential conflict of interest. Independent Third Parties The custodian may make available, arrange, and/or pay third-party vendors for the types of services rendered to KRM. The custodian may discount or waive fees it would otherwise charge for some of these services or all or a part of the fees of a third party providing these services to KRM. Additional Compensation Received from Custodians KRM may participate in institutional customer programs sponsored by broker-dealers or custodians. KRM may recommend these broker-dealers or custodians to clients for custody and brokerage services. There is no direct link between KRM’s participation in such programs and the investment advice it gives to its clients, although KRM receives economic benefits through its participation in the programs that are typically not available to retail investors. These benefits may include the following products and services (provided without cost or at a discount): • Receipt of duplicate client statements and confirmations • Research-related products and tools • Consulting services • Access to a trading desk serving KRM participants • Access to block trading (which provides the ability to aggregate securities transactions for execution and then allocate the appropriate shares to client accounts) • The ability to have advisory fees deducted directly from client accounts • Access to an electronic communications network for client order entry and account information • Access to mutual funds with no transaction fees and to certain institutional money managers • Discounts on compliance, marketing, research, technology, and practice management products or services provided to KRM by third-party vendors The custodian may also pay for business consulting and professional services received by KRM’s related persons and may pay or reimburse expenses (including client transition expenses, travel, lodging, meals and entertainment expenses for KRM’s personnel to attend conferences). Some of the 10  products and services made available by such custodian through its institutional customer programs may benefit KRM but may not benefit its client accounts. These products or services may assist KRM in managing and administering client accounts, including accounts not maintained at the custodian as applicable. Other services made available through the programs are intended to help KRM manage and further develop its business enterprise. The benefits received by KRM or its personnel through participation in these programs do not depend on the amount of brokerage transactions directed to the broker-dealer. KRM also participates in similar institutional advisor programs offered by other independent broker- dealers or trust companies, and its continued participation may require KRM to maintain a predetermined level of assets at such firms. In connection with its participation in such programs, KRM will typically receive benefits similar to those listed above, including research, payments for business consulting and professional services received by KRM’s related persons, and reimbursement of expenses (including travel, lodging, meals and entertainment expenses for KRM’s personnel to attend conferences sponsored by the broker-dealer or trust company). As part of its fiduciary duties to clients, KRM endeavors at all times to put the interests of its clients first. Clients should be aware, however, that the receipt of economic benefits by KRM or its related persons in and of itself creates a potential conflict of interest and may indirectly influence KRM’s recommendation of broker-dealers for custody and brokerage services. Item 13. Review of Accounts KRM conducts reviews of (i) the model portfolios it manages, (ii) third-party managers it appoints on behalf of its adviser firm clients and their respective clients. Such reviews will be done on an ongoing basis. More frequent reviews may also be triggered by a change in the client’s investment objectives, tax considerations, large deposits or withdrawals, large purchases or sales, loss of confidence in corporate management, or changes in macro-economic climate. All accounts are reviewed by KRM's investment committee. KRM may perform ad hoc reviews on an as-needed basis if there have been material changes in the client’s investment objectives or risk tolerance, or a material change in how KRM formulates investment advice. Clients should review the disclosure documents of recommended managers for information on the managers’ account review practices. Ongoing Performance Evaluation, Reports on Managers, and Investment Supervisory Services: KRM will make quarterly reports of manager performance accessible to clients on request. Clients should review the disclosure documents of recommended managers for information on reports provided by the managers to clients. KRM generally reports the value of client's investment portfolios to the client on a quarterly basis. The value of a client's investment portfolio also may be the basis of management fees to KRM. KRM does not itself value the securities in a client's account. Rather, KRM relies upon values provided by the custodian, fund manager, fund auditor, and/or fund administrator. KRM understands that securities listed on exchanges are valued at their closing price as the last trading day of the calendar quarter as reported by the custodian or pricing service. The value of specified illiquid, foreign or private investments for which valuation information is not available through a custodian or an independent pricing service is generally provided by the fund's auditor, administrator, or the fund manager. In the event that KRM must internally “fair value” an investment, the Company will 11  use its best efforts and all appropriate means to obtain all relevant information in order to determine a fair value. If it is deemed necessary or prudent, KRM may hire an independent third party to provide an appraisal of the investment. The client’s independent custodian provides account statements directly to the client no less frequently than quarterly. The custodian’s statement is the official record of the client’s securities account and supersedes any statements or reports created on behalf of the client by KRM. Item 14. Client Referrals and Other Compensation Please refer to the disclosures in Items 10 and 12 regarding referrals to third-party service providers and benefits the firm receives from its custodian(s). KRM may receive economic benefits for referring clients to third-party service providers. You are under no obligation to utilize any service provider recommended to you by KRM or its affiliates. KRM may receive direct and indirect compensation from sponsors who offer investment products recommended to advisory clients. These include payments directly to KRM to sponsor cover expenses associated with client seminars, business promotional events, or other educational events. KRM’s Investment Adviser Representatives may also be invited to attend all-expense- paid due diligence meetings and sponsor events. These payments may create a conflict of interest, as KRM and its advisors may be incentivized to recommend one sponsor’s product over another's. This conflict is mitigated by KRM’s fiduciary duty to act in the client’s best interest. Item 15. Custody All clients' accounts are held in custody by unaffiliated qualified custodians, but the Company can access certain clients' funds though our ability to debit advisory fees. In these cases, KRM is considered to have custody of client assets under Rule 206(4)-2 under the Advisers Act. Account custodians send statements directly to the account owners on at least a quarterly basis. KRM urges clients to carefully review these statements and compare the statements to any account statements provided by KRM. As a practical matter, neither KRM nor any manager will have possession or custody of cash and/or securities in any accounts or any responsibility or liability for custody, which will remain solely with custodian. Item 16. Investment Discretion KRM generally is granted discretion by the client in the advisory agreement. KRM will have discretion to implementing transactions necessary to allocate Assets among Portfolios. Such discretionary authority allows KRM, when KRM deems appropriate and without prior consultation with the client, to buy, sell, exchange, convert, and otherwise trade in any security or otherwise deal with Portfolio assets in its discretion and to delegate such investment discretion to Managers. KRM or any Manager, as applicable, will direct the Custodians to effect transactions for the Accounts so that Assets are invested into and among Portfolios, including the implementation of Portfolio changes from time to time in their discretion. Item 17. Voting Client Securities KRM does not vote or provide guidance regarding the voting of proxies. In some instances certain direct indexing strategy managers may vote proxies; however, in all other cases clients are responsible 12  for voting proxies. Clients should contact their custodian with questions about receiving proxies and process for the client to execute voting on such proxies. Item 18. Financial Information KRM has never filed for bankruptcy and is not aware of any financial condition that is expected to affect its ability to manage client accounts. 13  Form ADV Part 2B Supplement KRM Financial Planning & Wealth Management, LLC 555 S. Randall Rd. Suite 202 St. Charles, IL 60174 www.KRMFinancial.com April 14, 2026 This brochure supplement provides information about Kraig R. Mickelsen. It supplements the KRM Financial Planning & Wealth Management, LLC accompanying Form ADV brochure. Please contact KRM Financial Planning & Wealth Management, LLC’s Chief Compliance Officer, at 630-377-8760 if you have any questions about the Form ADV brochure or this supplement or if you would like to request additional or updated copies of either document. Additional information about Kraig R. Mickelsen is available on the SEC’s website at www.adviserinfo.sec.gov. 14  Kraig R. Mickelsen’s Biographical Information CRD #2845238 Born: 1969 EDUCATION: Mr. Mickelsen was awarded a BA, Magna Cum Laude, in Chemistry from Augustana College in 1991. BUSINESS BACKGROUND: • KRM Financial Planning & Wealth Management, LLC, LLC Member and Investment Adviser Representative from 11/2025 to present • Arete Wealth Advisors, LLC, Investment Adviser Representative from 6/2023 to Present • Arete Wealth Management, LLC, Registered Representative from 6/2023 to 12/2025 • Ausdal Financial Partners, Inc.; Registered Representative; from 8/2006 through 6/2023 • Ausdal Financial Partners, Inc.; Investment Adviser Representative; 8/2006 through 6/2023 LICENSES: Investment Company and Variable Contracts Products Representative Exam (Series 6) • • General Securities Representative Exam (Series 7) • General Securities Principal Exam (Series 24) • Uniform Securities Agent State Law Exam (Series 63) • Uniform Investor Adviser Law Exam (Series 65) • Securities Industry Essential (SIE) PROFESSIONAL DESIGNATIONS: Certified Financial Planner (CFP™). The Certified Financial Planner (CFP™) certification is granted by the Certified Financial Planner Board of Standards, Inc. (CFP Board). To attain the certification, the candidate must complete the required educational, examination and experience requirements. The 10-hour exam is divided into three separate sessions over a 2- day period and tests the candidate’s ability to apply financial planning knowledge to client situations. At least 3 years of qualifying full-time work experience or another qualifying professional designation are required for certification. Qualifying experience includes work in the area of the delivery of the personal financial planning process to clients, the direct support or supervision of others in the personal financial planning process, or teaching all, or any portion, of the personal financial planning process. DISCIPLINARY INFORMATION: Mr. Mickelsen has not been involved in any legal or disciplinary events that would be material to a client’s evaluation of Mr. Mickelsen. OTHER BUSINESS ACTIVITIES: Mr. Mickelsen is an independent licensed insurance agent and may offer insurance products to clients. Mr. Mickelsen would earn commissions on the sale of insurance products, and this 15  represents a potential conflict of interest. Clients are under no obligation to utilize these services, and Mr. Mickelsen is legally obligated to make recommendations in the best interest of clients. Mr. Mickelsen is the sole owner of KRM Wealth Management, Inc., a holding company that does not conduct any operating business itself. This entity requires minimal time and does not present a conflict of interest. Mr. Mickelsen is actively involved in the following real estate businesses, holding a stake of less than 50% in each. Mr. Mickelsen devotes approximately 50 hours per month to these businesses. These businesses are not securities-related and do not present a conflict of interest with the business of KRM Financial Planning & Wealth Management, LLC. • Tanzanite Homes Co., Inc. • Hughes Farm Development Norwalk, LLC • KRM Renovations LLC • KRM Properties Co., Inc. • Greater Des Moines Land, LLC • Hughes Townhomes, LLC ADDITIONAL COMPENSATION: Mr. Mickelsen does not receive economic benefits from any person or entity other than KRM Financial Planning & Wealth Management, LLC in connection with the provision of investment advice to clients. SUPERVISION: Mr. Mickelsen is the sole owner and adviser at KRM Financial Planning & Wealth Management, LLC, therefore, he is self-supervising. Please call the number on the cover of this brochure supplement to discuss any matters relating to the advisory services offered by Mr. Mickelsen. 16  17