November 16, 2020

8 Best Financial Advisors in Minnesota for 2020 • Benzinga

By haziqbinarif


Researching financial advisors in Minnesota isn’t an easy feat — your options are virtually endless. You’ll need to meet them in an initial consultation, navigate lots of marketing lingo on websites and read the fine print. 

Benzinga has done the research and narrowed down your options to the top financial advisor firms. Each firm’s account minimum, number of advisors, fee structure and more are detailed below.

Financial Advisors in Minnesota Near You:

Best for Managing Investment Portfolios: Planners Financial Services Inc.

Founded in 1972, Planners Financial Services Inc. specializes in the construction and management of investment portfolios. The portfolios utilize an array of securities, including individual equities and bonds, certificates of deposit, equity REITS and ETFs. 

The firm initiates and submits trades and Schwab executes the trades. It charges a 1-time fee for investment portfolio design as follows: 3% for the 1st $250,000, 2.75% for the next $250,000 and 1.75% for the next $500,000. PFS also offers financial planning services at hourly rates ranging from $150 to $350 per hour, depending on the service requested, complexity of the problem and skill of the financial planner. 

$91,911,859

No account minimum

  • Financial planning services

  • A percentage of assets under your management
  • Hourly charges