MICHAEL TRAXLER WEALTH MANAGEMENT, LLC

F O R M A D V P A R T 2 A D I S C L O S U R E B R O C H U R E Office Address: 222 Main St. E., PO Box 181 New Prague, MN 56071 Telephone: 952-758-8060 Fax: 952-758-8061 Email: Mike@TraxlerWealth.com Web site: www.MichaelTraxler.com November 4, 2025 This brochure provides information about the qualifications and business practices of Michael Traxler Wealth Management, LLC. Being registered as an investment adviser does not imply a certain level of skill or training. If you have any questions about the contents of this brochure, please contact us at 952-758-8060. 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 Michael Traxler Wealth Management, LLC (CRD #285427) is available on the SEC’s website at www.adviserinfo.sec.gov i Michael Traxler Wealth Management, LLC  Item 2: Material Changes Annual Update Material Changes since the Last Update The Material Changes section of this brochure will be updated annually or when material changes occur since the previous release of the Firm Brochure. • Since the last update on February 5, 2025, the following changes have occurred: Michael Traxler’s business experience has been updated on Part 2B. Full Brochure Available This Firm Brochure being delivered is the complete brochure for the Firm. ii Michael Traxler Wealth Management, LLC  Item 3: Table of Contents Form ADV – Part 2A – Firm Brochure Item 1: Cover Page Item 2: Material Changes .................................................................................................................... ii Annual Update ................................................................................................................................................................... ii Material Changes since the Last Update.................................................................................................................. ii Item 3: Table of Contents ................................................................................................................... iii Full Brochure Available .................................................................................................................................................. ii Item 4: Advisory Business .................................................................................................................. 6 Firm Description ............................................................................................................................................................... 6 Types of Advisory Services ........................................................................................................................................... 6 Client Tailored Services and Client Imposed Restrictions ............................................................................... 6 Wrap Fee Programs ......................................................................................................................................................... 6 Item 5: Fees and Compensation ....................................................................................................... 7 Client Assets under Management .............................................................................................................................. 6 Method of Compensation and Fee Schedule .......................................................................................................... 7 Client Payment of Fees ................................................................................................................................................... 8 Additional Client Fees Charged ................................................................................................................................... 9 Prepayment of Client Fees ............................................................................................................................................ 9 Item 6: Performance-Based Fees and Side-by-Side Management ........................................ 9 External Compensation for the Sale of Securities to Clients ........................................................................... 9 Item 7: Types of Clients ....................................................................................................................... 9 Sharing of Capital Gains ................................................................................................................................................. 9 Description .......................................................................................................................................................................... 9 Item 8: Methods of Analysis, Investment Strategies and Risk of Loss .............................. 10 Account Minimums .......................................................................................................................................................... 9 Methods of Analysis ...................................................................................................................................................... 10 Investment Strategy ..................................................................................................................................................... 10 Item 9: Disciplinary Information ................................................................................................... 11 Security Specific Material Risks ............................................................................................................................... 10 Criminal or Civil Actions ............................................................................................................................................. 11 iii Michael Traxler Wealth Management, LLC  Administrative Enforcement Proceedings .......................................................................................................... 11 Item 10: Other Financial Industry Activities and Affiliations ............................................. 11 Self-Regulatory Organization Enforcement Proceedings ............................................................................. 11 Broker-Dealer or Representative Registration ................................................................................................. 11 Futures or Commodity Registration ...................................................................................................................... 11 Material Relationships Maintained by this Advisory Business and Conflicts of Interest ................ 11 Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Recommendations or Selections of Other Investment Advisors and Conflicts of Interest ............. 12 Trading ................................................................................................................................................... 12 Code of Ethics Description ......................................................................................................................................... 12 Investment Recommendations Involving a Material Financial Interest and Conflict of Interest. 12 Advisory Firm Purchase of Same Securities Recommended to Clients and Conflicts of Interest 12 Client Securities Recommendations or Trades and Concurrent Advisory Firm Securities Item 12: Brokerage Practices ......................................................................................................... 13 Transactions and Conflicts of Interest .................................................................................................................. 13 Factors Used to Select Broker-Dealers for Client Transactions ................................................................. 13 Item 13: Review of Accounts ........................................................................................................... 14 Aggregating Securities Transactions for Client Accounts ............................................................................. 14 Schedule for Periodic Review of Client Accounts or Financial Plans and Advisory Persons Involved ............................................................................................................................................................................. 14 Review of Client Accounts on Non-Periodic Basis ........................................................................................... 14 Item 14: Client Referrals and Other Compensation ................................................................ 14 Content of Client Provided Reports and Frequency ........................................................................................ 14 Economic benefits provided to the Advisory Firm from External Sources and Conflicts of Interest ............................................................................................................................................................................... 14 Item 15: Custody .................................................................................................................................. 15 Advisory Firm Payments for Client Referrals .................................................................................................... 15 Item 16: Investment Discretion ..................................................................................................... 15 Account Statements ...................................................................................................................................................... 15 Item 17: Voting Client Securities ................................................................................................... 15 Discretionary Authority for Trading...................................................................................................................... 15 Proxy Votes ...................................................................................................................................................................... 15 iv Michael Traxler Wealth Management, LLC  Item 18: Financial Information ...................................................................................................... 15 Balance Sheet .................................................................................................................................................................. 15 Financial Conditions Reasonably Likely to Impair Advisory Firm’s Ability to Meet Commitments to Clients ............................................................................................................................................................................ 15 Brochure Supplement (Part 2B of Form ADV) .......................................................................... 17 Bankruptcy Petitions during the Past Ten Years .............................................................................................. 15 Principal Executive Officer - Michael P. Traxler ................................................................................................ 17 Item 2 Educational Background and Business Experience .......................................................................... 17 Item 3 Disciplinary Information .............................................................................................................................. 17 Item 4 Other Business Activities ............................................................................................................................. 17 Item 5 Additional Compensation ............................................................................................................................ 18 Item 6 Supervision ........................................................................................................................................................ 18 v Michael Traxler Wealth Management, LLC  Item 4: Advisory Business Firm Description Michael Traxler Wealth Management, LLC (“MTWM”) was founded in 2005 and began offering advisory services in 2016. Michael P. Traxler is 100% owner. Colleen Traxler is the Chief Compliance Officer. Types of Advisory Services ASSET MANAGEMENT MTWM offers discretionary direct asset management services to advisory Clients. MTWM will offer Clients ongoing portfolio management services through determining individual investment goals, time horizons, objectives, and risk tolerance. Investment strategies, investment selection, asset allocation, portfolio monitoring and the overall investment program will be based on the above factors. The Client will authorize MTWM discretionary authority to execute selected investment program transactions as stated within the Investment Advisory Agreement. ANNUITY MANAGEMENT MTWM offers discretionary direct asset management services to advisory Clients on their annuities. MTWM will work with individuals to assemble an appropriate portfolio of investment options as provided through the insurance company that services annuity investments. The accounts will be monitored on an annual basis. FINANCIAL PLANNING AND CONSULTING If financial planning services are applicable, a thorough review of all applicable topics including but not limited to, Wills, Estate Plans and Trusts, Investments, Taxes, IRAs, Roth IRAs, Qualified Retirement Plans, Insurance, Retirement Income, Social Security, College Planning, Annuities, and Lending will be reviewed. If a conflict of interest exists between the interests of MTWM and the interests of the Client, the Client is under no obligation to act upon MTWM’s recommendation. If the Client elects to act on any of the recommendations, the Client is under no obligation to effect the transaction through MTWM. Financial plans will be completed and delivered inside of sixty (60) days contingent upon timely delivery of all required documentation. Client Tailored Services and Client Imposed Restrictions Wrap Fee Programs The goals and objectives for each Client are documented in our Client files. Investment strategies are created that reflect the stated goals and objectives. Clients may impose restrictions on investing in certain securities or types of securities. Agreements may not be assigned without written Client consent. Client Assets under Management MTWM does not sponsor any wrap fee programs. MTWM has the following assets under management: Discretionary Amounts: Non-discretionary Amounts: $169,944,366 $0 Date Calculated: December 31, 2024 6 Michael Traxler Wealth Management, LLC  Item 5: Fees and Compensation Method of Compensation and Fee Schedule Assets Under Management Annual Fee Quarterly Fee ASSET MANAGEMENT MTWM offers discretionary direct asset management services to advisory Clients. The fees for these services will be based on a percentage of assets under management as follows: $0 - $49,000 $50,000 - $99,999 $100,000 - $249,999 $250,000 - $499,999 $500,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 - $4,999,999 5,000,000 and Above 1.40% 1.25% 1.10% 0.95% 0.85% 0.75% 0.65% 0.60% .350% .312% .275% .237% .212% .188% .163% .15% The annual fee may be negotiable. Accounts within the same household may be combined for a reduced fee. Fees are billed quarterly in advance based on the amount of assets managed as of the last business day of the previous quarter. Initial fees for partial quarters are waived. Lower fees for comparable services may be available from other sources. Clients may terminate their account within five (5) business days of signing the Investment Advisory Agreement for a full refund. Clients may terminate advisory services with thirty (30) days written notice. For accounts closed mid-quarter, the Client will be entitled to a pro rata refund for the days of service not provided in the final quarter. Client shall be given thirty (30) days prior written notice of any increase in fees. Client will acknowledge, in writing, any agreement of increase in said fees before any increase in fees occurs. American Funds Service Company (AFS) For accounts that fall under the minimum account size and certain employer plans the following platform is made available through AFS, where Clients are invested in portfolios constructed solely of mutual funds managed by American Funds. Fees for accounts held at AFS shall be a rate of 1% annually. The fees will be billed quarterly in arrears. The fees will be calculated by AFS for each quarter period ending the last business day of February, May, August and November and shall be the product of (i) the average daily net asset value of Client assets invested in shares of the Funds through the Program during the quarter; (ii) the number of days in the quarter; and (iii) the rate agreed to by the parties divided by the number of days in the year. The fee shall be paid within thirty (30) days following the end of the quarter for which such fees are payable. AFS shall deduct fees from Client accounts to pay MTWM. Lower fees for comparable services may be available from other sources. Clients may terminate their account within five (5) business days of signing the Investment Advisory Agreement for a full refund. Clients may terminate advisory services with thirty (30) days written notice. For accounts closed mid-quarter, MTWM will be entitled to a pro rata fee for the days of service was provided in the final quarter. Client shall be given 7 Michael Traxler Wealth Management, LLC  thirty (30) days prior written notice of any increase in fees. Client will acknowledge, in writing, any agreement of increase in said fees before any increase in fees occurs. ANNUITY MANAGEMENT The fees for these services will be based on a percentage of 0.6% of Assets Under Management on an annual basis. Fees will be disclosed prior to Client signing the Investment Advisory Agreement. MTWM’ fees are billed quarterly in arrears based on the amount of assets managed as of the close of business on the last business day of the previous quarter. Quarterly advisory fees will be paid in the following ways: a) Deduct from another non-qualified Client’s account held with MTWM b) Deduct from another qualified account if eligible, i.e. over 59 ½ c) Direct billing to the Client payable within 10 days of invoice presentation d) Deduct from Client’s annuity account The annual fee may be negotiable. Accounts within the same household may be combined for a reduced fee. Lower fees for comparable services may be available from other sources. Clients may terminate their account within five (5) business days of signing the Investment Advisory Agreement with no obligation and without penalty. Clients may terminate advisory services with thirty (30) days written notice. MTWM will be entitled to a pro rata fee for the days service was provided in the final billing period. Client shall be given thirty (30) days prior written notice of any increase in fees, and Client will acknowledge, in writing, any agreement of increase in said fees. FINANCIAL PLANNING AND CONSULTING MTWM charges an hourly fee of $200 for financial planning. Prior to the planning process the Client will be provided an estimated plan fee. Services are completed and delivered inside of sixty (60) days contingent upon timely delivery of all required documentation. Fees for financial plans are due upon delivery of the completed plan. Client may cancel within five (5) business days of signing Agreement with no obligation and without penalty. If the Client cancels after five (5) business days, any unpaid earned fees will be due to MTWM. MTWM reserves the right to waive the fee should the Client implement the plan through MTWM. Client Payment of Fees Investment management fees are billed quarterly in advance, meaning we bill you at the beginning of the quarter. Fees are usually deducted from a designated Client account to facilitate billing. The Client must consent in advance to direct debiting of their investment account. AFS and Annuity fees will be billed quarterly in arrears. Fees for financial plans are due upon delivery of the completed plan. 8 Michael Traxler Wealth Management, LLC  Additional Client Fees Charged Custodians may charge transaction fees on purchases or sales of certain mutual funds, equities, and exchange-traded funds. These charges may include Mutual Fund transactions fees, postage and handling and miscellaneous fees (fee levied to recover costs associated with fees assessed by self-regulatory organizations). MTWM, in its sole discretion, may waive its minimum fee and/or charge a lesser investment advisory fee based upon certain criteria (e.g., historical relationship, type of assets, anticipated future earning capacity, anticipated future additional assets, dollar amounts of assets to be managed, related accounts, account composition, negotiations with Clients, etc.). Prepayment of Client Fees For more details on the brokerage practices, see Item 12 of this brochure. Investment management fees are billed quarterly in advance. If the Client cancels after five (5) business days, any unearned fees will be refunded to External Compensation for the Sale of Securities to Clients the Client, or any unpaid earned fees will be due to MTWM. MTWM does not receive any external compensation for the sale of securities to Clients, nor do any of the investment advisor representatives of MTWM. Item 6: Performance-Based Fees and Side-by-Side Management Sharing of Capital Gains Fees are not based on a share of the capital gains or capital appreciation of managed securities. MTWM does not use a performance-based fee structure because of the conflict of interest. Performance based compensation may create an incentive for the adviser to recommend an investment that may carry a higher degree of risk to the Client. Item 7: Types of Clients Description MTWM generally provides investment advice to individuals, high net worth individuals, trusts, estates, or charitable organizations, corporations or business entities. Client relationships vary in scope and length of service. Account Minimums MTWM requires a minimum of $100,000 to open an account. In certain instances, the minimum account size may be lowered or waived based on factors such as related accounts, anticipated future earnings capacity, periodic funding, as well as other Client specific situations. 9 Michael Traxler Wealth Management, LLC  Item 8: Methods of Analysis, Investment Strategies and Risk of Loss Methods of Analysis Security analysis methods may include fundamental analysis and technical analysis. Investing in securities involves risk of loss that Clients should be prepared to bear. Past performance is not a guarantee of future returns. Fundamental analysis involves evaluating a stock using real data such as company revenues, earnings, return on equity, and profits margins to determine underlying value and potential growth. Technical analysis involves evaluating securities based on past prices and volume. Investment Strategy Sources of information may include Morningstar as well as other internal and external research. This may include online financial news, charts & graphs, data driven websites as well as financial newspapers and magazines, annual reports, prospectuses, and filings with the Securities and Exchange Commission. The investment strategy for a specific Client is based upon the objectives stated by the Client during consultations. The Client may change these objectives at any time. Each Client executes an Investment Policy Statement or Risk Tolerance that documents their objectives and their desired investment strategy. This strategy may include long-term purchases. Security Specific Material Risks All investment programs have certain risks that are borne by the investor. Fundamental analysis may involve interest rate risk, market risk, business risk, and financial risk. Risks involved in technical analysis are inflation risk, reinvestment risk, and market risk. Interest-rate Risk • Our investment approach constantly keeps the risk of loss in mind. Investors face the following investment risks and should discuss these risks with MTWM: • Market Risk : Fluctuations in interest rates may cause investment prices to fluctuate. For example, when interest rates rise, yields on existing bonds become less attractive, causing their market values to decline. • : The price of a security, bond, or mutual fund may drop in reaction to tangible and intangible events and conditions. This type of risk is caused by external factors independent of a security’s particular underlying circumstances. For example, political, economic and social conditions may trigger market Inflation Risk events. • Reinvestment Risk : When any type of inflation is present, a dollar today will buy more than a dollar next year, because purchasing power is eroding at the rate of inflation. • Business Risk : This is the risk that future proceeds from investments may have to be reinvested at a potentially lower rate of return (i.e. interest rate). This primarily relates to fixed income securities. : These risks are associated with a particular industry or a particular company within an industry. For example, oil-drilling companies 10 Michael Traxler Wealth Management, LLC  • Financial Risk depend on finding oil and then refining it, a lengthy process, before they can generate a profit. They carry a higher risk of profitability than an electric company which generates its income from a steady stream of customers who buy electricity no matter what the economic environment is like. • Long-term purchases : Excessive borrowing to finance a business’ operations increases the risk of profitability, because the company must meet the terms of its obligations in good times and bad. During periods of financial stress, the inability to meet loan obligations may result in bankruptcy and/or a declining market value. : Long-term investments are those vehicles purchased with the intention of being held for more than one year. Typically, the expectation of the investment is to increase in value so that it can eventually be sold for a profit. In addition, there may be an expectation for the investment to provide income. One of the biggest risks associated with long-term investments is volatility, the fluctuations in the financial markets that can cause investments to lose value. Item 9: Disciplinary Information Criminal or Civil Actions Administrative Enforcement Proceedings MTWM and its management have not been involved in any criminal or civil action. Self-Regulatory Organization Enforcement Proceedings MTWM and its management have not been involved in administrative enforcement proceedings. MTWM and its management have not been involved in legal or disciplinary events related to past or present investment Clients. Item 10: Other Financial Industry Activities and Affiliations Broker-Dealer or Representative Registration Futures or Commodity Registration No affiliated representatives of MTWM are registered representatives of a broker-dealer. Neither MTWM nor its employees are registered or has an application pending to register as a futures commission merchant, commodity pool operator, or a commodity trading advisor. Material Relationships Maintained by this Advisory Business and Conflicts of Interest Managing member Michael P. Traxler is the owner of Wealth Management Building, LLC, a commercial real estate property. Additionally, Mr. Traxler has a partnership interest in Tenpoint Ranch, LLC a recreational land management company, as well as a partnership in Private Partners, LLC a private equity holding company. Less than 10% of his time is spent on these activities. There is no conflict of interest as advisory Clients of MTWM are not solicited services for Wealth Management Building LLC, Tenpoint Ranch, LLC and Private Partners, LLC. 11 Michael Traxler Wealth Management, LLC  Recommendations or Selections of Other Investment Advisors and Conflicts of Interest MTWM does not currently utilize the services of third party money managers to manage Client accounts. Item 11: Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Code of Ethics Description The employees of MTWM have committed to a Code of Ethics (“Code”). The purpose of our Code is to set forth standards of conduct expected of MTWM employees and addresses conflicts that may arise. The Code defines acceptable behavior for employees of MTWM. The Code reflects MTWM and its supervised persons’ responsibility to act in the best interest of their Client. One area the Code addresses is when employees buy or sell securities for their personal accounts and how to mitigate any conflict of interest with our Clients. We do not allow any employees to use non-public material information for their personal profit or to use internal research for their personal benefit in conflict with the benefit to our Clients. MTWM’s policy prohibits any person from acting upon or otherwise misusing non-public or inside information. No advisory representative or other employee, officer or director of MTWM may recommend any transaction in a security or its derivative to advisory Clients or engage in personal securities transactions for a security or its derivatives if the advisory representative possesses material, non-public information regarding the security. MTWM’s Code is based on the guiding principle that the interests of the Client are our top priority. MTWM’s officers, directors, advisors, and other employees have a fiduciary duty to our Clients and must diligently perform that duty to maintain the complete trust and confidence of our Clients. When a conflict arises, it is our obligation to put the Client’s interests over the interests of either employees or the company. The Code applies to “access” persons. “Access” persons are employees who have access to non-public information regarding any Clients' purchase or sale of securities, or non- public information regarding the portfolio holdings of any reportable fund, who are involved in making securities recommendations to Clients, or who have access to such recommendations that are non-public. MTWM will provide a copy of the Code of Ethics to any Client or prospective Client upon Investment Recommendations Involving a Material Financial Interest and Conflict request. of Interest MTWM and its employees do not recommend to Clients securities in which we have a material financial interest. Advisory Firm Purchase of Same Securities Recommended to Clients and Conflicts of Interest MTWM and its employees may buy or sell securities that are also held by Clients. In order to mitigate conflicts of interest such as trading ahead of Client transactions, 12 Michael Traxler Wealth Management, LLC  employees are required to disclose all reportable securities transactions as well as provide MTWM with copies of their brokerage statements. The Chief Compliance Officer of MTWM is Colleen Traxler. She reviews all employee trades each quarter. The personal trading reviews ensure that the personal trading of employees does not affect the markets and that Clients of the firm receive preferential treatment over employee transactions. Client Securities Recommendations or Trades and Concurrent Advisory Firm Securities Transactions and Conflicts of Interest MTWM does not maintain a firm proprietary trading account and does not have a material financial interest in any securities being recommended and therefore no conflicts of interest exist. However, employees may buy or sell securities at the same time they buy or sell securities for Clients. In order to mitigate conflicts of interest such as front running, employees are required to disclose all reportable securities transactions as well as provide MTWM with copies of their brokerage statements. The Chief Compliance Officer of MTWM is Colleen Traxler. She reviews all employee trades each quarter. The personal trading reviews ensure that the personal trading of employees does not affect the markets and that Clients of the firm receive preferential treatment over employee transactions. Item 12: Brokerage Practices Factors Used to Select Broker-Dealers for Client Transactions MTWM may recommend the use of a particular broker-dealer or may utilize a broker- dealer of the Client's choosing. MTWM will only recommend broker-dealers who are registered in the state in which the Client resides. MTWM will select appropriate brokers based on a number of factors including but not limited to their relatively low transaction fees and reporting ability. MTWM relies on its broker to provide its execution services at the best prices available. Lower fees for comparable services may be available from other sources. Clients pay for any and all custodial fees in addition to the advisory fee • Directed Brokerage charged by MTWM. • Best Execution In circumstances where a Client directs MTWM to use a certain broker-dealer, MTWM still has a fiduciary duty to its Clients. The following may apply with Directed Brokerage: MTWM's inability to negotiate commissions, to obtain volume discounts, there may be a disparity in commission charges among Clients, and conflicts of interests arising from brokerage firm referrals. Investment advisors who manage or supervise Client portfolios on a discretionary basis have a fiduciary obligation of best execution. The determination of what may constitute best execution and price in the execution of a securities transaction by a broker involves a number of considerations and is subjective. Factors affecting brokerage selection include the overall direct net economic result to the portfolios, the efficiency with which the transaction is effected, the ability to effect the transaction where a large block is involved, the operational facilities of the broker- dealer, the value of an ongoing relationship with such broker and the financial 13 Michael Traxler Wealth Management, LLC  • Soft Dollar Arrangements strength and stability of the broker. The firm does not receive any portion of the trading fees. MTWM utilizes the services of custodial broker dealers. MTWM receives soft dollar benefits, including execution service benefits for placing its Clients with the custodian. These benefits include: a dedicated trading desk, a dedicated service group and an account services manager dedicated to MTWM's accounts, electronic download of trades, balances and positions, duplicate and batched Client statements, and the ability to have advisory fees directly deducted from Client accounts. Aggregating Securities Transactions for Client Accounts MTWM is authorized in its discretion to aggregate purchases and sales and other transactions made for the account with purchases and sales and transactions in the same securities for other Clients of MTWM. All Clients participating in the aggregated order shall receive an average share price with all other transaction costs shared on a pro-rated basis. Item 13: Review of Accounts Schedule for Periodic Review of Client Accounts or Financial Plans and Advisory Persons Involved Review of Client Accounts on Non-Periodic Basis Account reviews are performed at least annually by Investment Advisor Representatives of MTWM. Account reviews are performed more frequently when market conditions dictate. Other conditions that may trigger a review of Clients’ accounts are changes in the tax laws, new investment information, and changes in a Client's own situation. When the client adds new money to the account for investment purposes, or there exists unusually high cash balances in the account due to dividends and interest that need to be invested. Finally, when the client requests distributions from the account as part of a one-time request or even systematically at times, and/or when MTWM needs to free up cash for quarterly advisory fee purposes. Content of Client Provided Reports and Frequency Clients receive written account statements no less than quarterly for managed accounts. Account statements are issued by the Advisor’s custodian. Client receives confirmations of each transaction in account from Custodian and an additional statement during any month in which a transaction occurs. Item 14: Client Referrals and Other Compensation Economic benefits provided to the Advisory Firm from External Sources and Conflicts of Interest MTWM does not receive any economic benefits from external sources. 14 Michael Traxler Wealth Management, LLC  Advisory Firm Payments for Client Referrals MTWM does not compensate for Client referrals. Item 15: Custody Account Statements All assets are held at qualified custodians, which means the custodians provide account statements directly to Clients at their address of record at least annually. MTWM is deemed to have constructive custody solely because advisory fees are directly deducted from Client’s account by the custodian on behalf of MTWM. Item 16: Investment Discretion Discretionary Authority for Trading MTWM accepts discretionary authority to manage securities accounts on behalf of Clients. MTWM has the authority to determine, without obtaining specific Client consent, the securities to be bought or sold, and the amount of the securities to be bought or sold. The Client approves the custodian to be used and the commission rates paid to the custodian. MTWM does not receive any portion of the transaction fees or commissions paid by the Client to the custodian on certain trades. Item 17: Voting Client Securities Proxy Votes MTWM does not vote proxies on securities. Clients are expected to vote their own proxies. The Client will receive their proxies directly from the custodian of their account or from a transfer agent. When assistance on voting proxies is requested, MTWM will provide recommendations to the Client. If a conflict of interest exists, it will be disclosed to the Client. Item 18: Financial Information Balance Sheet A balance sheet is not required to be provided because MTWM does not serve as a custodian for Client funds or securities and MTWM does not require prepayment of fees of more than $1,200 per Client and six months or more in advance. Financial Conditions Reasonably Likely to Impair Advisory Firm’s Ability to Meet Commitments to Clients Bankruptcy Petitions during the Past Ten Years MTWM has no condition that is reasonably likely to impair our ability to meet contractual commitments to our Clients. Neither MTWM nor its management has had any bankruptcy petitions in the last ten years. 15 Michael Traxler Wealth Management, LLC  S U P E R V I S E D P E R S O N B R O C H U R E Item 1 Cover Page F O R M A D V P A R T 2 B Michael P. Traxler Office Address: 222 Main St. E., PO Box 181 New Prague, MN 56071 Telephone: 952-758-8060 Fax: 952-758-8061 Email: Mike@TraxlerWealth.com Web site: www.MichaelTraxler.com November 4, 2025 This brochure supplement provides information about Michael P. Traxler and supplements the Michael Traxler Wealth Management, LLC’s brochure. You should have received a copy of that brochure. Please contact Michael P. Traxler if you did not receive the brochure or if you have any questions about the contents of this supplement. Additional information about Michael P. Traxler (CRD #4275996) is available on the SEC’s website at www.adviserinfo.sec.gov. 16 Michael Traxler Wealth Management, LLC  Brochure Supplement (Part 2B of Form ADV) Supervised Person Brochure Principal Executive Officer - Michael P. Traxler • Item 2 Educational Background and Business Experience Year of birth: 1966 • Educational Background: • University of Minnesota – Carlson School of Management; Masters of Business Administration (MBA); Business Finance concentration; 2005 University Of Minnesota – Duluth; Bachelors of Art, Economics, Minor, Accounting; 2004 • Business Experience: • G&M Land; Partner; 10/2025 – Present • Michael Traxler, Sole Proprietor; Owner; 05/2022 – Present • Michael Traxler Wealth Management, LLC; Investment Advisor Representative; 01/2017 – Present • Private Partners, LLC; Managing Member/Partner; 10/2016 - Present • Wealth Management Building, LLC; Managing Member/Owner; 05/2011 – Present • Tenpoint Ranch, LLC; Managing Member/ Partner; 11/2007 – Present • Michael Traxler Wealth Management, LLC; Managing Member/Sole Member; 05/2005 – Present • Michael Traxler Wealth Management, LLC; Chief Compliance Officer; 01/2017 – 10/2023 • Nations Financial Group, Inc. dba Michael Traxler Wealth Management, LLC; Investment Advisor Representative; 10/2007 – 01/2017 • Nations Financial Group, Inc. dba Michael Traxler Wealth Management, LLC; Registered Representative; 05/2005 – 01/2017 Edward Jones; Registered Representative; 11/2000 – 05/2005 Item 3 Disciplinary Information None to report. Criminal or Civil Action: Administrative Proceeding: Self-Regulatory Proceeding: Item 4 Other Business Activities None to report. None to report. Managing member Michael P. Traxler is the sole owner of Wealth Management Building, LLC, a commercial real estate property. Additionally, Mr. Traxler has a partnership interest in Tenpoint Ranch, LLC a recreational land management company, as well as a partnership in Private Partners, LLC a private equity holding company. Less than 10% of his time is spent on these activities. There is no conflict of interest as advisory Clients of 17 Michael Traxler Wealth Management, LLC  MTWM are not solicited services for Wealth Management Building LLC, Tenpoint Ranch, Item 5 Additional Compensation LLC and Private Partners, LLC. Item 6 Supervision Michael P. Traxler does not receive any additional compensation or performance-based fees. Michael P. Traxler is the owner of Michael Traxler Wealth Management, LLC; he is supervised by Colleen Traxler, the Chief Compliance Officer. As an owner he also monitors all model/strategies of investment advice offered to Clients. He will adhere to the policies and procedures as described in the firm’s Compliance Manual. Colleen Traxler can be contacted by telephone at 952-758-8060 or via email at Colleen@traxlerwealth.com. 18 Michael Traxler Wealth Management, LLC