Grange Capital, LLC is an Oregon limited liability company, registered as an investment advisory firm through the Securities and Exchange Commission (SEC). Our principal place of business is in the Portland, Oregon metro area. We also have a remote employee located in Bend, OR. Grange Capital, LLC began conducting business in 2004 and is owned by Brent Keeton and Robert M. Warmkessel, Jr. Grange Capital, LLC offers the following advisory services to our clients: INVESTMENT MANAGEMENT SERVICES Our firm provides ongoing investment management of client assets. Through an Investment Advisory Agreement with Grange Capital, LLC, the client retains us to provide investment management services on a discretionary basis. In this context, discretionary management means that we will direct, in our sole discretion and without first consulting the client, the investment and reinvestment of the assets in the client’s account. For additional information, please see also the Investment Discretion section of this brochure (Item 16). Account supervision is guided by discussions with the client and their investment objectives (i.e., capital preservation, income, balanced, growth, and aggressive growth), as well as tax considerations and financial planning constraints. Once the portfolio has been established, we review it regularly and when necessary, rebalance it according to the individual client's asset allocation goals. A detailed description of review processes is provided in Item 13, Review of Accounts. Please see Item 8 for a description of our investment strategies. FINANCIAL PLANNING Our firm may provide financial planning services in connection with investment management services for a fee. We believe financial planning can provide valuable insight to increase the level of success throughout the investment management process. Financial planning is the analysis of a client’s current and future financial situation using current assumptions to predict future results in cash flow, retirement options, asset value and distribution planning. Each client going through a financial planning exercise is asked to complete a Financial Analysis Discovery Session to provide us with a wide range of financial information. This Discovery Session coupled with additional in-depth personal interviews provide thorough data gathering. Our financial analysis might include any or all of the following areas: PERSONAL/GENERAL SUMMARY: We believe it is critical to have as much basic data as possible about our clients. We

gather the following data: current personal information such as birthdates, contact information for clients, parents, beneficiaries, trusted contacts; current contact information for other advisors, such as an accountant, attorney, insurance agent; short term and long-term financial planning goals. Periodically, this area includes cash flow management and budget planning.
• NET WORTH PROJECTION: We believe that monitoring net worth is critical to financial planning, whether it is increasing, decreasing or we are merely monitoring all the assets and liabilities.
• RETIREMENT PROJECTION: We believe that each client should have some sense of their retirement roadmap. We project expenses (including ordinary taxes, capital gains taxes, social security taxes, mortgages, other loans, savings and general household expenses). We project income (including salary, social security, pensions, distributions from trusts, required minimum distributions from qualified plans). We also use assumptions to project account growth. From this projection, clients are able to see year-by-year how their income compares to their expenses.
• INSURANCE SUMMARY: We work with qualified insurance advisors to create a summary of our client’s insurance protection against the risks of health, disability, long term care, and death.
• INVESTMENT ANALYSIS: We believe that thorough investment analysis must be coupled with financial planning. It is at this point in the financial planning process that we work through the client investment analysis. (See Investment Management Services, above.)
• TAX PLANNING: We do not prepare income nor estate tax returns for our clients. We believe, however, that tax planning is critical to investment success. We work closely with clients and their tax preparers to understand each client’s tax situation. We monitor tax bracket and loss carry-forward.
• ESTATE SUMMARY: We prepare a summary of beneficiaries, trusts and other estate details that clients care to share with us. We work closely with estate professionals to help manage and monitor our client’s estates as situations change. Implementation of the financial planning recommendations is at the discretion of the client. However, we keep an ongoing ‘Action List’ that reminds clients of our recommendations. ASSETS UNDER MANAGEMENT We manage approximately $126,678,000 of Client assets on a discretionary basis and $2,153,000 of Client assets on a non-discretionary basis. These amounts were calculated as of December 31, 2022.