Walstad Investment Counsel, Inc.

Walstad Investment Counsel provides discretionary, individually managed equity and balanced portfolio management for taxable and tax‑advantaged accounts, including IRAs, trusts, estates, pension and profit‑sharing plans, charitable organizations, and corporate or business entities. The firm also serves other investment adviser clients through a sub‑advisory relationship with a broker‑dealer, providing investment advice on behalf of those advisers’ clients.

Investment decisions are based on fundamental security analysis with a primarily long‑term equity orientation, supplemented by fixed‑income and cash allocations tailored to each client’s income needs and risk preferences. Accounts are continuously monitored and managed on a discretionary basis, with quarterly reporting, use of short‑term cash equivalents for liquidity, and the ability to impose client‑directed restrictions on holdings.

What is distinctive about this firm relative to similar independent advisers is its provision of sub‑advisory services to another adviser, together with the acceptance of corporate/business and institutional‑type clients—arrangements that are uncommon among firms in this category. The firm has operated since the mid‑1990s, reports all assets under management as discretionary, and adheres to the CFA Institute code of ethics while accommodating individualized portfolio instructions.