Our Mission TruNorth Wealth Partners, LLC (TruNorth) is an independent wealth management firm providing counsel regarding critical decisions wherever life and wealth intersect. TruNorth’s goal is to craft and implement plans that help our clients fulfill their purpose and achieve their mission. Our History and Ownership TruNorth is the continuing advisory practice owned by Peter Rekstad. Peter was previously an officer and owner of BGM TruNorth Wealth Partners, a merger of two firms in 2013. Prior to that, Peter was the owner of the original TruNorth that was established in 2005. As of 2018, Peter Rekstad owns 82.5% and Travis Gleason owns17.5% of the firm. In addition to Peter, CEO and Wealth Partner, there are eight experienced employees in the St. Paul office and one in the Sacramento office. Many members of our team have pursued and maintain professional designations including five CFP®s, one CLU®/ChFC®, and one AIF®. Staff biographies for our investment staff members are available in TruNorth’s Form ADV 2B that accompanies this brochure. Our Services TruNorth provides a broad range of comprehensive investment advisory services including:
• Financial Planning and Consulting
• Investment Management
• Selection of Independent Managers
• Foundation Fiduciary and Plan Trustee Support TruNorth consults with you to obtain detailed financial information and other pertinent data to determine appropriate investment guidelines, confirm and understand your unique risk tolerance, and identify other personalized factors that will assist us in ascertaining the investment style of your asset management account. This may include tax-related planning and other non-investment matters. We construct a diversified selection of portfolio investments and manage your portfolio to meet your investment goals, adapting strategies as needed with changes. The portfolios we manage for you may include accounts at a custodian where we have trading ability as well as accounts held at other financial institutions and in employer-sponsored plans. You may hold common stocks and bonds in your accounts as part of the complete portfolio. While we do specialize in the development of bond ladders, we do not specialize in research, selection and monitoring of individual stocks. Portfolios may also include accounts where an Independent Manager is supervising and trading individual stocks and bonds. Our customized approach will address any or all of the following concerns and needs:
• Net worth calculation: We review all assets and liabilities for potential opportunities or risks.
• Tax and cash flow analysis: We review past taxes and spending to find opportunities for future tax savings and spending needs. Future tax liability is always taken into account in developing the investment

portfolio.
• Retirement planning: We analyze where you are today and where you want to be in the future. We then develop income strategies and investment portfolios to help achieve that vision.
• Estate planning: We assist in developing an ongoing estate plan (reviewed every three to five years) that may include wills, trusts, powers of attorney, healthcare directives, asset protection and multi- generational family issues. We will work with your attorney in their drafting of the final documents.
• Investment planning: We review past investment decisions, develop an overall asset allocation to fit your goals, and monitor that plan on an ongoing basis.
• Education planning: We analyze the costs of the education you want your children or grandchildren to receive and develop a funding plan to achieve this goal.
• Risk management: We review a family’s needs based on death, disability, long-term care, liability or home/auto risks. When needed, we will bring in outside consultants in this analysis.
• Business planning: We recognize that most business owners intertwine their business and personal lives. We analyze the business for opportunities to build the wealth of the owner outside the business and to protect the business from unknown liabilities. We will work with your accountant and attorney in this process.
• Endowments and Foundations: We analyze organizational assets, payout policy, spending requirements, liquidity needs, investment policy and risk tolerance. We consult with you to leverage your leadership capabilities with our capabilities, designing a plan for your short-term goals and longer term anticipated needs. We provide ongoing monitoring and reporting to equip your leadership to meet their fiduciary duties. 2 TruNorth may also provide non-discretionary investment management services regarding: (1) variable life/annuity products that you own, (2) individual employer-sponsored retirement plans, and (3) investment accounts where we agree to not place trades without your prior approval. In so doing, we either direct or recommend the allocation of your assets among the various fund options that comprise the variable life annuity product or the retirement plan. Your assets will continue to be maintained at the specific insurance company that issued the variable life/annuity product which you own, or at the custodian designated by the trustee of your retirement plan. Assets Under Management As of 12/31/2023, TruNorth serves $516,760,775 in assets under management, with approximately $496,302,712 in discretionary accounts and $20,458,063 in non-discretionary accounts.