2025 FNBO Wealth Outlook January 14, 2025 Market volatility and political uncertainty can challenge even the most seasoned investors. FNBO’s 2025 Outlook provides a roadmap for navigating today’s complexities, emphasizing disciplined strategies such as asset allocation and diversification to stay on course. It examines key trends shaping global markets, from the U.S. economy’s sustained growth—driven by consumption, government spending, and investments—to the transformative impact of artificial intelligence across industries. The Outlook also analyzes stock and bond markets, focusing on risk versus return, prudent rebalancing, and portfolio positioning to help achieve long-term financial success. Read FNBO’s 2025 Wealth Outlook for more information. DISCLOSURES: Investment products are: Not a Deposit • Not FDIC Insured • Not Insured by any Federal Government Agency • Not Guaranteed by the Bank • May Go Down in Value Northland Securities, Inc., Member FINRA/SIPC, Registered with SEC and MSRB, is a diversified financial services firm offering wealth management, public finance, municipal advisory, and equity and fixed income capital markets services. Northland Securities, Inc., is also a SEC Registered Investment Adviser, doing business as Northland Asset Management offering investment advisory services. Fixed and variable annuities and other insurance products are offered through N Land Insurance Services (License # 6007398) in California and through Northland Securities, Inc. in all other states where it is licensed to do business. Insurance products are underwritten by unaffiliated insurance companies. Northland Securities, Inc., is a subsidiary of Northland Capital Holdings, Inc. First National of Nebraska, Inc., is the parent company of Northland Capital Holdings, Inc. and First National Bank of Omaha. Clearing services for Northland Securities are provided by Pershing LLC, Member FINRA, NYSE, and SIPC, a wholly-owned subsidiary of BNY Mellon.