NPF is a fee-only SEC-registered investment adviser (SEC file number 801-3475). Our principal place of business is in Grand Rapids, Michigan. We have been in business since 1933. Kurt Arvidson is the firm’s current principal equity owner. Charles Dutcher, David Hodge, Daniel Lupo and Tyler Bosgraaf are the firm’s current minority equity owners. Discretionary assets under our firm’s management were approximately $2,354,512,728 as of 12/31/2023. We do not currently have any non-discretionary assets under management. Portfolio Management Services NPF manages individually tailored investment portfolios. Our firm provides continuous supervisory services and advice to clients regarding the investment of their funds based on the individual needs of the client. We define the goals and objectives of each client through personal discussions about their circumstances We then construct the client’s investment policy , including an asset allocation target, and manage their portfolio based on that policy. During our data-gathering process, we determine the client’s objectives, time horizon, risk tolerance, and liquidity needs. We may also review and discuss a client’s prior investment history, as well as the background of their family. We manage advisory accounts on a discretionary or non-discretionary basis, as agreed with each client. For discretionary accounts, we will generally make trades without obtaining client consent. For accounts for which the client requires us to consult with them before completing contemplated transactions, we will consult with the client regarding planned transactions and seek consent. Clients with these types of restrictions should understand that any delay in obtaining their consent may result in less favorable transaction terms, including a worse security price and/or limited availability of the securities sought. Our supervision of each client’s accounts is guided by the objectives of the client, as well as tax considerations. Clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. We use Pontera, a third-party service, to facilitate management of client assets in employer-sponsored retirement plans. Pontera enables us to supervise and manage client assets within the plan without having custody. Planning Services We offer financial planning services to clients and potential clients, which include comprehensive accounting for net worth and cash flows for personal and business assets; asset allocation review of portfolio assets, whether or not managed by NPF; tax management strategies; estate plan strategies; insurance needs & review; Social Security optimization; retirement planning; charitable planning; review of illiquid investments;

equity compensation & concentrated stock positions; education planning; debt management; and special needs planning. We do not offer authoritative tax or legal advice, nor do we offer tax filing services. We select and implement services on behalf of our clients’ needs at the time we offer these services to the client, and our clients generally do not require the use of all our planning services. Our planning services generate specific recommendations tailored to each client’s situation. Our ability and willingness to offer these services depends on the client’s situation, our ability to secure the information required to formulate a prudent recommendation, and our ability & expertise required to deliver a recommendation to the client. Conflicts of Interest Regarding Our Services Almost all our compensation depends on the total value of assets we manage. This means that we have a conflict of interest in advising you to maintain assets with other advisers, pay off debt, or invest in alternative asset classes that we do not offer. In addition, we will tend to focus our investment advice on the products about which we are most familiar: namely, our own investment strategies. If we recommend that you roll over an employer-sponsored retirement plan, such as a 401(k), 403(b), or pension plan, you might forego special features of these accounts, such as the ability to access accounts without penalty, borrow funds, or lifetime income options, to roll the funds over to an account we manage for you. In addition, the amount you pay us to manage your account may be more than you are currently paying for advice and administration in your retirement plan. Services in General Our investment, financial planning, and consulting recommendations are not limited to any specific product or service offered by a broker dealer or insurance company and will primarily include advice regarding the following instruments:
• Equity securities
• Corporate debt securities
• Municipal securities
• Exchange traded funds (ETFs) Occasionally, we may also offer advice/counsel on investments in the following instruments:
• Certificates of deposit
• “No-load” or “load-waived” mutual funds
• Warrants
• Commercial paper
• Variable annuities
• United States government securities
• Private Placements in pooled investment vehicles We do not offer or represent private placements, nor are we a broker or dealer in any investments, whether public or private. Our advice is specific to our understanding of each client’s situation. We may provide different recommendations about the same investment to different clients, based on the relevant facts of each client’s situation.