NORTHWIND FINANCIAL LLC

Part 2A of Form ADV: Firm Brochure Northwind Financial LLC 2445 NE Division St., Ste. 204 Bend, OR 97703 Telephone: 541-318-7871 Email: bj@northwindfinancial.com Web Address: www.northwindfinancial.com 03/27/2026 This brochure provides information about the qualifications and business practices of Northwind Financial LLC. If you have any questions about the contents of this brochure, please contact us at 541-318-7871 or bj@northwindfinancial.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. Additional information about Northwind Financial LLC also is available on the SEC’s website at www.adviserinfo.sec.gov You can search this site by a unique identifying number, known as a CRD number. Our firm's CRD number is 342069. Please note that the term “Registered Investment Advisor” does not imply a certain level of skill or training. 1  Item 2 Material Changes This Firm Brochure dated 03/27/2026, provides you with a summary of Northwind Financial LLC advisory services and fees, professionals, certain business practices and policies, as well as actual or potential conflicts of interest, among other things. This Item is used to provide our clients with a summary of new and/or updated information. We will revise based on the nature of the information as follows. Annual Update: We are required to update certain information at least annually, within 90 1 days of our firm’s fiscal year end (FYE) of December 31. We will provide you with our revised Brochure that will include a summary of those changes in this Item. Material Changes: Should a material change in our operations occur, depending on their 2 nature, we will promptly communicate this change to clients (and it will be summarized in this Item). "Material changes" requiring prompt notification will include changes of ownership or control; location; disciplinary proceedings; significant changes to our advisory services or advisory affiliates – any information that is critical to a client’s full understanding of who we are, how to find us, and how we do business. The following summarizes new or revised disclosures based on information previously provided in our Firm Brochure dated: NA 2  Item 3 Table of Contents Page Item 1 Cover Page Item 2 Material Changes Item 3 Table of Contents Item 4 Advisory Business Item 5 Fees and Compensation Item 6 Performance-Based Fees and Side-By-Side Management Item 7 Types of Clients Item 8 Methods of Analysis, Investment Strategies and Risk of Loss Item 9 Disciplinary Information Item 10 Other Financial Industry Activities and Affiliations Item 11 Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Item 12 Brokerage Practices Item 13 Review of Accounts Item 14 Client Referrals and Other Compensation Item 15 Custody Item 16 Investment Discretion Item 17 Voting Client Securities Item 18 Financial Information 1 2 3 4 7 9 9 10 12 13 13 15 15 16 16 17 17 17 3  Item 4 Advisory Business Northwind Financial LLC is a SEC-registered investment adviser with its principal place of business located in Oregon. Office hours are Monday-Friday from 6am-3pm Pacific time. The approval of the application should not be interpreted as an endorsement by the SEC, nor indicate any level of expertise. Northwind Financial LLC is a limited liability company organized in the State of Oregon in 2006, operating under its current name since December 2016. The firm and Bradley Boeck worked as an Investment Advisory Representative (IAR) with Country Trust Bank, a Registered Investment Advisory firm from 2005-2007. The firm and Bradley Boeck have worked as an Investment Advisory Representative (IAR) with Syndicated Capital, Inc, a Registered Investment Advisory firm from 2009-2026. Northwind Financial LLC is owned by Bradley J Boeck. Northwind Financial LLC engages with a third-party Compliance Consulting firm to help us stay current with regulations and introducing timely updates to legal changes that affect the firm’s operations. Northwind Financial LLC offers the following advisory services to our clients: INDIVIDUAL PORTFOLIO MANAGEMENT Our Individual Portfolio Management service provides asset management to clients. During our data-gathering process, we determine the client’s individual objectives, time horizons, risk tolerance, and liquidity needs. As appropriate, we also review and discuss a client's prior investment history, as well as family composition and background. We manage portfolios using stocks, bonds, options, money markets, US Treasuries, Exchange Traded funds (ETF’s), mutual funds, or other securities. We manage these advisory accounts on a discretionary or non-discretionary basis. Account supervision is guided by the client's stated objectives in the Investment Advisory Agreement, (Conservative, Moderately Conservative, Moderate, Moderately Aggressive, Aggressive) Clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. We propose an investment portfolio to match the risk tolerance agreed upon in the signed Investment Advisory Agreement. We review all accounts regularly. Account reviews are documented within our database for 4  each client. The Chief Compliance Officer, Bradley Boeck, will review which accounts were reviewed quarterly, to ensure all accounts are reviewed appropriately. We will periodically rebalance or adjust client accounts under management. The client must notify us of any significant changes to their financial or personal circumstance so that we consider such information in managing the client’s investment. FINANCIAL PLANNING We provide financial planning services. Financial planning is a comprehensive evaluation of a client’s current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans. Through the financial planning process, all questions, information, and analysis are considered, as they impact the entire financial and life situation of the client. Clients purchasing this service, which is separate fee from the Investment Advisory fee, receive a written report which provides the client with a detailed financial plan designed to assist the client achieve his or her financial goals and objectives. In general, the financial plan can address any or all the following areas: • Personal: We review family records, budgeting, personal liability, estate information and financial goals. • Tax and Cash Flow: We analyze the client’s income tax and spending and planning for past, current and future years; then illustrate the impact of various investments on the client's current income tax and future tax liability. • Investments: We analyze investment alternatives and their effect on the client's portfolio. • Insurance: We review your current insurance coverages to ensure adequate coverage for risk management. • Retirement: We analyze current strategies and investment plans to help the client achieve his or her retirement goals. • Death and Disability: We review the client’s cash needs at death, income needs of surviving dependents, estate planning and disability income. • Estate: We assist the client in assessing and identifying the potential need of living trusts, wills, review estate tax, powers of attorney, asset protection plans, nursing homes, Medicaid and elder law. Northwind Financial LLC does not provide legal advice. We gather required information through in-depth personal interviews. The information gathered includes the client's current financial status, tax status, future goals, returns, objectives and attitudes towards risk. We carefully review documents supplied by the client, including a questionnaire completed by the client, and prepare a written report. Should the client choose to implement the recommendations contained in the plan, we suggest the client work closely with his/her attorney, accountant, insurance agent, and/or stockbroker. Implementation of financial plan 5  recommendations is entirely at the client's discretion. Typically, the financial plan is presented to the client in a timely fashion after the contract date, provided that all information needed to prepare the financial plan has been promptly provided. Financial Planning recommendations are not limited to any specific product or service offered by a broker-dealer or insurance company. All recommendations are of a generic nature. Northwind Financial LLC’s Financial Planning fee is determined based on the nature of the services being provided and the complexity of each client’s circumstances. All fees are agreed upon prior to signing a contract with the client. Financial Planning Fees are calculated in two ways: One, our Financial Planning fees are calculated and charged on an hourly basis, ranging from $150 to $250 per hour. Although the length of time it will take to provide a Financial Plan will depend on each client's personal situation, we will provide an estimate for the total hours at the start of the advisory relationship. Or two, our Financial Planning fees are calculated and charged on a fixed fee basis, typically ranging from $500 to $5,000, depending on the specific arrangement made with the client. We may request a retainer upon completion of our initial fact-finding session with the client; however, advance payment will never exceed $500 for work that will not be completed within six months. The balance is due upon completion of the plan. REVIEWS: While reviews may occur at different stages depending on the nature and terms of the specific engagement, typically no formal reviews will be conducted for Financial Planning clients unless otherwise contracted for. REPORTS: Financial Planning clients will receive a completed financial plan. Additional reports will not typically be provided unless otherwise contracted for. All financial planning reports that pay a fee for this service will be reviewed by the Principal or Chief Compliance Officer prior to delivery to the financial planning client. Financial Planning Fee Offset: Northwind Financial LLC reserves the discretion to reduce or waive the hourly fee and/or the minimum fixed fee if a financial planning client chooses to engage us for our Portfolio Management Services. The client is billed upon presentation of the plan for any remainder after deducting any retainer fees. Northwind Financial LLC addresses financial planning issues while engaging with existing clients using our portfolio management services. We do not create a written financial plan for our portfolio management clients as we would for our financial planning clients. Northwind Financial LLC reserves the right to create a written plan for our portfolio management clients to meet our fiduciary duties to clients. 6  AMOUNT OF MANAGED ASSETS As of 3/27/2026, we were actively managing $105,443,057 of clients' assets on a discretionary basis and zero dollars of clients' assets on a non-discretionary basis. Item 5 Fees and Compensation Our annual fees for Individual Portfolio Management are based upon a percentage of assets under management and generally range from 0.65% to 1.50%. Fees are generally not negotiable. Fees cover all transaction costs including trading fees and account annual retirement fees. In addition to the investment advisory fee, when mutual funds are implemented, accounts will incur other charges including 12b(1) fees and other mutual fund annual expenses described in the fund’s prospectus. Exchange Traded Funds (ETF’s) will also charge an annual expense or other fee listed in the ETF’s prospectus. Northwind Financial LLC does not receive any compensation from ETF’s or mutual funds, including 12b (1) fees. These fees will always be disclosed prior to any investment prior to implementation. If we do invest in mutual funds, we will invest in the funds that have the lowest cost to for the investor. Annualized Fees: From To Per Year Up to $250,000 1.5% $250,001 $500,000 1.25% $500,001 $1,000,000 1.0% $1,000,001 $2,000,000 0.75% $2,000,001 $5,000,000 0.65% Above $5,000,000 Negotiable Annualized fees are calculated at a family or company level so all assets in that group are aggregated for purposes of determining total Assets under Management for fee calculation. The aggregate total determines the “flat” fee in the above schedule. Example, if the accounts total $500,001, that total pays the 1.0% fee. An Advisors’ family may be charged a lower fee than listed on the fee schedule. This is at the 7  discretion of the Advisor and implemented only after approval by the Principal and/or the Chief Compliance Officer. Additionally, Northwind Financial LLC may charge a different fee based on a case-by-case analysis due to extenuating circumstances of the client. This decision is at the sole discretion of Northwind Financial LLC. Fees are billed on a quarterly basis and are paid in advance based on the value of the account on the last day of the previous quarter. Fees are automatically deducted from the account (the client can consolidate the fee billing into one account). We use two custodians: Schwab Advisor Services™ If selected, the fees will be included in the statements sent by Schwab Advisor Services™. Schwab Advisor Services™ provides custody, trading, and the support services of Charles Schwab & Co., Inc, the custodian of your assets. Altruist Financial LLC If selected, the fees will be included in the statements sent by Altruist Financial LLC. Altruist Financial LLC provides custody, trading, and the support services of Altruist Financial LLC, the custodian of your assets. GENERAL INFORMATION Termination of the Advisory Relationship: A client agreement may be cancelled at any time by either party, for any reason, upon receipt of 30 days’ written notice. As disclosed above, certain fees are paid in advance of services provided. Upon termination of any account, any prepaid, unearned fees will be promptly refunded once the assets are no longer the responsibility of Northwind Financial LLC and have been transferred by the custodian. In calculating a client’s reimbursement of fees, we will pro rate the reimbursement according to the number of days remaining in the billing period. Mutual Fund Fees: All fees paid to Northwind Financial LLC for investment advisory services are separate and distinct from the fees and expenses charged by mutual funds and/or ETFs to their shareholders. These fees and expenses are described in each fund or ETF’s prospectus. These fees will generally include a management fee, other fund expenses, and a possible distribution fee. A client could invest in a mutual fund or ETF directly, without our services. In that case, the client would not receive the services provided by our firm which are designed, among other things, to assist the client in determining which mutual funds, or ETF’s, are most appropriate to each client's financial condition and objectives. Accordingly, the client should review both the fees charged by the funds/ETF’s and our fees to fully understand the total amount of fees to be paid by the client and to thereby evaluate the advisory services being provided. ERISA Accounts: Northwind Financial LLC is deemed to be a fiduciary to advisory clients that are 8  employee benefit plans or individual retirement accounts (IRAs) pursuant to the Employee Retirement Income and Securities Act ("ERISA"), and regulations under the Internal Revenue Code of 1986 (the "Code"), respectively. As such, our firm is subject to specific duties and obligations under ERISA and the Internal Revenue Code that include among other things, restrictions concerning certain forms of compensation. To avoid engaging in prohibited transactions, Northwind Financial LLC may only charge fees for investment advice about products for which our firm and/or our related persons do not receive any commissions or 12b-1 fees. Advisory Fees in General: Clients should note that similar advisory services may be available from other registered (or unregistered) investment advisers for similar or lower fees. Use of Artificial Intelligence Tools: Northwind Financial LLC uses artificial intelligence (AI) tools to support the delivery of investment advisory and financial planning services, including research, data analysis, practice management, and preparation of client communications. AI tools are used to support — not replace — human judgment. All investment recommendations, financial planning advice, and client communications are reviewed and approved by a licensed Investment Advisor Representative before being provided to clients. No investment decision is made solely by an AI tool. AI tools used by the firm may process client information while providing advisory services. The firm protects client data in connection with its use of AI through access controls, use of secure and encrypted systems, and vetting of third-party technology providers. The firm's use of AI is subject to its privacy policies and obligations under Regulation S-P. Regulation S-P (Privacy of Consumer Financial Information) is an SEC rule requiring financial institutions (broker-dealers, investment advisers, and others) to protect consumers’ nonpublic personal information. AI is used for summarizing client phone call and meeting notes and placing them in the client database for historical reference. AI tools may occasionally produce inaccurate or incomplete output. The firm mitigates this risk through human review of all AI-assisted work products before it is used in connection with client advice. The Chief Compliance Officer oversees the firm's AI-related policies and procedures. Item 6 Performance-Based Fees and Side-By-Side Management Northwind Financial LLC does not charge performance-based fees. Item 7 Types of Clients Northwind Financial LLC provides advisory services to the following types of clients: • Individuals (other than high net worth individuals) • High net worth individuals 9  • Corporations or other businesses not listed above • Retirement accounts Item 8 Methods of Analysis, Investment Strategies and Risk of Loss METHODS OF ANALYSIS We use the following methods of analysis in formulating our investment advice and/or managing client assets: Fundamental Analysis. We attempt to measure the intrinsic value of a security by looking at economic and financial factors (including the overall economy, industry conditions, and the financial condition and management of the company itself) to determine if the company is underpriced (indicating it may be a good time to buy) or overpriced (indicating it may be time to sell). Fundamental analysis does not attempt to anticipate market movements. This presents a potential risk, as the price of any security can move up or down along with the overall market regardless of the economic and financial factors considered in evaluating the stock. Technical Analysis. We analyze past market movements and apply that analysis to the present to recognize recurring patterns of investor behavior and potentially predict future price movement. Technical analysis does not consider the underlying financial condition of a company. This presents a risk in that a poorly managed or financially unsound company may underperform regardless of market movement. Asset Allocation. Rather than focusing primarily on securities selection, we attempt to identify an appropriate ratio of securities, fixed income, alternative investments, and cash suitable to the client’s investment goals and risk tolerance. A risk of asset allocation is that the client may not participate in sharp increases in a particular security, industry or market sector. Another risk is that the ratio of securities, fixed income, alternative investments, and cash will change over time due to stock and market movements and, if not corrected, will no longer be appropriate for the client’s goals. Mutual Fund and/or ETF Analysis. We look at the experience and track record of the manager of the mutual fund or ETF to determine if that manager has demonstrated an ability to invest over time and in different economic conditions. We also look at the underlying assets in a mutual fund or ETF to determine if there is significant overlap in the underlying investments held in other asset(s) in the client’s portfolio. We also monitor the funds or ETFs to determine if they are continuing to follow their stated investment strategy. 10  A risk of mutual funds and/or ETFs analysis is that, as in all securities investments, past performance does not guarantee future results. A manager who has been successful may not be able to replicate that success in the future. In addition, as we do not control the underlying investments in a fund or ETF, managers of different funds held by the client may purchase the same security, increasing the risk to the client if that security were to fall in value. There is also a risk that a manager may deviate from the stated investment mandate or strategy of the fund or ETF, which could make the holding(s) less suitable for the client’s portfolio. Risks for all forms of analysis. Our securities analysis methods rely on the assumption that the companies whose securities we purchase and sell, the rating agencies that review these securities, and other publicly available sources of information about these securities, are providing accurate and unbiased data. While we are alert to indications that data may be incorrect, there is always a risk that our analysis may be compromised by inaccurate or misleading information. Clients should know that investing in securities of any type involves risk of loss of principal that clients should be prepared to undertake. 11  INVESTMENT STRATEGIES Our investment strategy is to develop a diversified portfolio that is customized for each client based on their investment objectives, risk tolerance and tax situation. The portfolios primarily use individual stocks, ETF’s and mutual funds, but occasionally add individual bonds. We use independent research from Charles Schwab, the custodian, Morningstar, Investech and others, in developing model portfolio asset allocation and investments. The asset allocation is diversified in multiple asset classes including: US Large Cap Equity US Small Cap Equity International Equity Emerging Market Equity Equity Sector Funds US Government Bonds Municipal Bonds Corporate Bonds High Yield Bonds Convertible Bonds Foreign Bonds Emerging Market Bonds Real Estate Preferred Stock Options Commodities Alternative Investments Managed Futures We will adjust asset allocation based on changing economic conditions and relative valuation of the individual asset class. Item 9 Disciplinary Information We are required to disclose any legal or disciplinary events that are material to a client's or prospective client's evaluation of our advisory business or the integrity of our management. Our firm has no reportable disciplinary events to disclose. No Advisers who provide investment advice have any events to disclose. 12  Item 10 Other Financial Industry Activities and Affiliations Our firm and related persons are not engaged in other financial industry activities. Item 11 Code of Ethics, Participation or Interest in Client Transactions and Personal Trading Our firm has adopted a Code of Ethics which sets forth high ethical standards of business conduct that we require of our employees, including compliance with applicable federal securities laws. Northwind Financial LLC and our personnel owe a duty of loyalty, fairness, and good faith towards our clients, and have an obligation to adhere not only to the specific provisions of the Code of Ethics but to the general principles that guide the Code. Our Code of Ethics includes policies and procedures for the review of quarterly securities transactions reports as well as initial and annual securities holdings reports for access persons. Our Code of Ethics also requires the prior approval of any acquisition of securities in an IPO or limited offering (e.g., private placement). Our code also provides for oversight, enforcement and recordkeeping provisions. Management oversees all the activity by the staff and pre-approves the staff’s trades, ensuring staff’s trades are executed at, or after client trades. All staffs accounts are always held by the custodian and always available for review by the Firm. Northwind Financial LLC Code of Ethics further includes the firm's policy prohibiting the use of material non-public information. While we do not believe that we have any access to non-public information, all employees are reminded that such information may not be used in a personal or professional capacity. A copy of our Code of Ethics is available to our advisory clients and prospective clients. You may request a copy by email sent to bj@northwindfinancial.com, or by calling us at 541-318-7871. Our Code of Ethics is designed to ensure that the personal securities transactions, activities and interests of our employees will not interfere with (i) making decisions in the best interest of advisory clients and (ii) implementing such decisions while, at the same time, allowing employees to invest for their own accounts. Our firm and/or individuals associated with our firm will buy or sell for their personal accounts, at, about the same time, or after securities identical to or different from those recommended to our clients. In addition, any related persons may have an interest or position in a certain security(ies) which may also be recommended to a client. It is the expressed policy of our firm that no person employed by us may purchase or sell any security prior to a transaction(s) being implemented for an advisory account, thereby preventing such employee(s) from benefiting from transactions placed on behalf of advisory accounts. 13  Employees will only buy or sell the same securities as clients at the same time, or after all client transactions have been submitted. As these situations represent actual or potential conflicts of interest to our clients, we have established the following policies and procedures for implementing our firm’s Code of Ethics. This helps ensure our firm complies with its regulatory obligations and provides our clients and potential clients with full and fair disclosure of such conflicts of interest: No principal or employee of our firm may put his or her own interest above the interest of 1 an advisory client. No principal or employee of our firm may buy or sell securities for their personal portfolio(s) 2 where their decision is a result of information received because of his or her employment unless the information is also available to the investing public. It is the expressed policy of our firm that no person employed by us may purchase or sell 3 any security prior to a transaction(s) being implemented for an advisory account. This prevents such employees from benefiting from transactions placed on behalf of advisory accounts. Our firm requires prior approval for any IPO or private placement investments by related 4 people in the firm. 5 We maintain a list of all reportable securities holdings for our firm, and anyone associated with this advisory practice that has access to advisory recommendations ("access person"). These holdings are reviewed on a regular basis by our firm's Chief Compliance Officer or his/her designee. 6 We have established procedures for the maintenance of all required books and records. Clients can decline to implement any advice rendered, except in situations where our firm is 7 granted discretionary authority. All our staff, including principals, Advisers, and employees, must act in accordance with all 8 applicable Federal and State regulations governing registered investment advisory practices. We require yearly delivery and acknowledgement of the Code of Ethics by each supervised 9 person of our firm. 10. We have established policies requiring the reporting of any Code of Ethics violations to our senior management. 11. Any individual who violates any of the above restrictions may be subject to termination. 14  Item 12 Brokerage Practices All assets with Northwind Financial LLC are held with one of the following custodians. The Custodians hold all the assets in your accounts. If selected, Schwab Advisor Services™ provides custody, trading, and the support services of Charles Schwab & Co., Inc, the custodian of your assets. If selected, Altruist Financial LLC provides custody, trading, and the support services of Altruist Financial LLC, the custodian of your assets. Northwind Financial LLC selected Schwab Advisor Services™ and Altruist Financial LLC as custodians based on the following factors: • Breadth of services offered vs other custodians • Speed and accuracy of transactions execution • Quality of service provided by the custodian vs other options • Competitive “sweep” options for cash management • All reports to clients are delivered in a timely and accurate manner. Northwind Financial LLC does not have any soft-dollar arrangements and does not receive any soft-dollar benefits. As a matter of practice, Northwind Financial LLC does not block client trades and, therefore, we implement client transactions separately for each account. Consequently, certain client trades may be executed before others, at a different price. Additionally, our clients may not receive volume discounts available to advisers who block client trades. Item 13 Review of Accounts REVIEWS: While the underlying securities within Individual Portfolio Management Services accounts are continually monitored, these accounts are reviewed on a regular basis. Accounts are reviewed in the context of each client's stated investment objectives and guidelines. More frequent reviews may be triggered by material changes in variables such as the client's individual circumstances, or the market, political or economic environment. The accounts are reviewed by each Investment Advisor Representative, who is responsible for their client base. Trade and account performance is also audited by Bradley Boeck, Chief Compliance Officer. REPORTS: In addition to the monthly statements and confirmations of transactions that clients receive from the custodian, we provide Northwind’s reports summarizing account performance, balances and holdings, annually, at a minimum. More frequent reports (in meetings, or quarterly, for example) are more common. The delivery of Northwind’s reports reflects the client’s preferences as expressed to their Advisor. 15  Item 14 Client Referrals and Other Compensation It is Northwind Financial LLC policy not to engage solicitors or to pay related or non-related persons for referring potential clients to our firm. It is Northwind Financial LLC policy not to accept or allow our related persons to accept any form of compensation, including cash, sales awards, or other prizes, from a non-client in conjunction with the advisory services we provide to our clients. Item 15 Custody We previously disclosed in the "Fees and Compensation" section (Item 5) of this Brochure that our firm directly debits advisory fees from client accounts using Schwab Advisor Services™ and Altruist Financial LLC. Since we deduct fees directly from your account, this does constitute a “limited right” to “actual or constructive” custody. We possess no other rights beyond this “limited right”. The custodian is aware of this limitation and has protocols to protect custody of your account. As part of this billing process, the client's custodian is advised of the percentage fee to be deducted from that client's account. On at least a quarterly basis, the custodian is required to send to the client a statement showing all transactions within the account(s) during the reporting period. Since the custodian calculates the amount of the fee to be deducted, it is important for clients to carefully review their custodial statements to verify the accuracy of the calculation, among other things. Clients should contact us directly if they believe that there may be an error in their statement. Northwind Financial LLC performs an audit of the fees prior to and after they are withdrawn from accounts. In addition, each Advisor reviews the fees prior to the submission of the fees to Schwab Advisor Services™ or Altruist Financial LLC, the custodians. Our performance reporting software, Orion, receives the data directly from Schwab Advisor Services™, and reconciles the data daily. Altruist Financial LLC provides the performance reports to our clients for the accounts held on their platform. We urge our clients to carefully compare the information provided in these statements to ensure that all account transactions, holdings, and values are correct and current. 16  Item 16 Investment Discretion Clients may hire us to provide discretionary asset management services, in which case we place trades in a client's account without contacting the client prior to each trade to obtain the client's permission. Our discretionary authority includes the ability to do the following without contacting the client: determine the security to buy or sell; and/or determine the amount of the security to buy or sell. Clients give us discretionary authority when they sign a discretionary agreement with our firm and may limit this authority by giving us written instructions. Clients may also change/amend such limitations by providing us with written instructions. Item 17 Voting Client Securities As a matter of firm policy, we do not vote proxies on behalf of clients. Therefore, although our firm may provide investment advisory services relative to client investment assets, clients maintain exclusive responsibility for: (1) directing the way proxies solicited by issuers of securities beneficially owned by the client shall be voted, and (2) making all elections relative to any mergers, acquisitions, tender offers, bankruptcy proceedings or other type events pertaining to the client’s investment assets. Clients are responsible for instructing each custodian of their assets to forward to the client copies of all proxies and shareholder communications relating to the client’s investment assets. We will provide clients with assistance in obtaining information about the proxy issues if you contact your Adviser with questions. Clients can decline to have their ownership of any security relayed to the company they own. Financial Information Item 18 Under no circumstances do we require or solicit a fee payment of more than $1,200 per client more than six months in advance of services rendered. Therefore, we are not required to include a financial statement. As an advisory firm that maintains discretionary authority for client accounts, we are also required to disclose any financial condition that is reasonable likely to impair our ability to meet our contractual obligations. Northwind Financial LLC has no additional financial circumstances to report. Northwind Financial LLC has not been the subject of a bankruptcy petition at any time since its inception in 2006. 17