WALTER C. FLOWER & CO., INC

Walter C. Flower & Company, Inc. 3014 Dauphine St. New Orleans, LA 70117 February 2, 2026 Introduction Walter C. Flower & Co., Inc. is registered with the Securities and Exchange Commission (SEC) as an investment adviser. Brokerage and investment advisory services and fees differ and it is important for you to understand these differences. Free and simple tools are available to research firms and financial professionals at Investors.gov/CRS, which also provides educational materials about broker/dealer, investment advisers and investing. What investment services and advice can you provide me? We offer investment advice and portfolio management services for retail investors on both a discretionary and a non-discretionary basis. A discretionary account allows us to buy and sell investments in your account without asking for your approval in advance. A non-discretionary account means that you decide what investments to buy and sell. Although we do not have a minimum account size, we charge an annual minimum fee of $5,000. Negotiable in limited circumstances, we generally discourage accounts less th an $500,000. As part of your portfolio management services, we will monitor your investments on an ongoing basis. We do not limit the types of investments that we recommend. For additional information, please see our Form ADV Part 2A, Items 4,7,13 and 16. Conversation starters. Ask your financial professional: ● Given my financial situation, should I choose an investment advisory service? Why or why not? ● How will you choose investments to recommend to me? ● What is your relevant experience, including your license, education and other qualifications mean? What fees will I pay? Our fees are computed as a percentage of assets managed. We charge 1% on the first $100,000, and then 0.50% on the amount between $100,000 and $10,000,000, and then 0.40% on the amount above $10,000,000. The minimum fee is $5,000 annually. Fees are negotia ble in limited circumstances. We do not charge performance based fees. The more assets there are in your account, the more you will pay in fees, so we have an incentive to encourage you to increase the assets in your account. Clients may pay other expenses in addition to the fees paid to us. For example, clients may pay costs such as brokerage commissions, transaction fees, custodial fees, transfer fees, wire transfer fees, and other fees and taxes charged to brokerage accounts and securities transactions, which are unrelated to the fees collected by us. Mutual funds and other pooled investment vehicles also charge internal management fees, which are disclosed in the vehicle’s offering documents.  You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time, Please make sure you understand what fees and costs you are paying. For additional information, please see our Form ADV Part 2A brochure Items 5 & 6. Conversation starter. Ask your financial professional: ● Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me? What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have? When we act as your investment adviser, we have to act in your best interest and not put out interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they affect the recommendations we provide you. Here is an example to help you understand what this means. ● Custodian - We may recommend that you engage a particular custodian from whom we receive support services. This presents a conflict of interest because our receipt of their support makes us more inclined to continue using and recommending them. Conversation starter. Ask your financial professional: ● How might your conflicts of interest affect me, and how will you address them? For additional information, please see our Form ADV Part 2A. How do your financial professionals make money? All of our financial professionals are compensated entirely by the profitability of Walter C. Flower & Co., Inc. Do your financial professionals have legal or disciplinary history? No. Visit Investor.gov/CRS for free search tools to research us and our financial professionals. Conversation starter. Ask your financial professional: ● As a financial professional, do you have any disciplinary history? If so, for what type of conduct? Additional Information. For additional information about our services or to request a copy of Form CRS, please contact us at: Walter C. Flower & Co., Inc. 3014 Dauphine St. New Orleans, LA 70117 Tel.: 504-561-0138 Email: waltercflowerco@gmail.com Conversation starter. Ask your financial professional: ● Who is my primary contact person? Is he or she a representative of an investment adviser or broker - dealer? Who can I talk to if I have concerns about how this person is treating me?  . 

Part 2B of Form ADV For Walter C. Flower & Co., Inc. February 2, 2026 Item 1. – Cover Page Office: 3014 Dauphine St. New Orleans, LA 70117 Phone: 504-561-0138 This Brochure Supplement provides information about Mr. Peter S. Howard and Samuel Schwing that supplements the Walter C. Flower & Co., Inc. Brochure. Please contact Samuel Schwing at 504-561-0138 if you have any questions about the contents of this supplement. Additional information about Walter C. Flower & Co., Inc. is available on the SEC’s website at www.adviserinfo.sec.gov.  Peter S. Howard Item 2. – Educational Background and Business Experience A. Education Tulane University Bachelor of Arts, Latin American Studies 1974 B. Experience Howard Weil Labouisse Friedrichs Inc. 1974 Walter C. Flower & Co., Inc. 1988 C. Licenses Series 7 1975 Item 3. – Disciplinary Information There are no legal or disciplinary events against Peter S. Howard Item 4. – Other Business Activities Mr. Howard is not engaged in any other business activities than those of Walter C. Flower, Co., Inc. Item 5. – Additional Compensation Mr. Howard does not receive any additional compensation for providing advisory services.  Item 6. – Supervision Mr. Howard is President. His activities are monitored by Mr. Schwing, Compliance Officer and VP. 

Part 2B of Form ADV For Walter C. Flower & Co., Inc. February 2, 2026 Item 1. – Cover Page Office: 3014 Dauphine St. New Orleans, LA 70117 Phone: 504-561-0138 This Brochure Supplement provides information about Mr. Peter S. Howard and Samuel Schwing that supplements the Walter C. Flower & Co., Inc. Brochure. Please contact Samuel Schwing at 504-561-0138 if you have any questions about the contents of this supplement. Additional information about Walter C. Flower & Co., Inc. is available on the SEC’s website at www.adviserinfo.sec.gov.  Samuel Schwing Item 2. – Educational Background and Business Experience A. Education Southeastern Louisiana University, BA Economics 1980 B. Experience Hibernia National Bank Investment Representative 1980 – 1982 Whitney National Bank AVP Loan Officer 1982 – 1992 Howard Weil Labouisse Friedrichs, Inc. Bond Sales 1992 – 1994 First NBC Bank AVP Institutional Bond Sales 1994 – 1998 VP Private Banking 1998 – 2010 Regions Bank Walter C. Flower & Co., Inc. Compliance Officer 2011 - C. Licenses Series 7 1992 2011 Series 65  Item 3. – Disciplinary Information There are no legal or disciplinary events against Samuel Schwing Item 4. – Other Business Activities Mr. Schwing is not engaged in any other business activities than those of Walter C. Flower, Co., Inc. Item 5. – Additional Compensation Mr. Schwing does not receive any additional compensation for providing advisory services. Item 6. – Supervision Mr. Schwing is Chief Compliance Officer. His activities are monitored by Mr. Howard, President.