When it comes to navigating the complex world of personal finance, having the right guidance can make all the difference.
Whether you’re seeking assistance with retirement planning, investment management, or comprehensive financial advice, a financial advisor is committed to the betterment of your financial well-being. They provide tailored solutions to help clients thrive in a rapidly changing financial landscape.
In this article, we unveil the professional financial advisors in Eden Prairie. We have scoured the local landscape to bring you a handpicked selection of the city’s top 10 best financial advisors. These financial wizards possess a wealth of experience, an array of services, and a proven track record of success.
When Should You Seek Financial Advice in Eden Prairie?
Seeking financial advice from a professional can be valuable in various life situations. A financial advisor offers guidance and support, particularly during major events like marriage, starting a family, or buying a home. They help create a comprehensive financial plan, considering goals, budgets, and long-term aspirations. By analyzing your finances, they provide strategies to achieve objectives while minimizing risks.
Approaching retirement, a financial advisor becomes an invaluable resource. They evaluate savings, investments, and income streams to assess retirement readiness. Advisors help with decisions on Social Security, pensions, and withdrawal strategies.
During periods of financial uncertainty or economic volatility, seeking professional advice is wise. Advisors provide an objective perspective, assisting in making sound financial decisions based on individual circumstances.
Moreover, if managing finances is overwhelming or time-consuming, a financial advisor offers ongoing support. They assist with budgeting, debt management, tax planning, and investment management. Leveraging their expertise brings peace of mind, knowing your financial affairs are in capable hands.
How Can You Accomplish Financial Planning
Finding the right approach to accomplish financial planning is essential for your long-term success. Here are a few strategies to consider:
1. Use Online Self-Directed Platforms
Take control of your finances by using an online platform that allows you to manage your investments independently. This option often comes with lower costs since there are no intermediaries involved in transactions or research.
2. Leverage the Expertise of a Financial Advisor
Just like Eden Prairie CPA, engaging the services of a personal financial planner or wealth manager can yield promising outcomes, despite the higher expense. Studies suggest that working with a financial advisor can lead to a 1.5% to 4% increase in long-term portfolio returns.
Payment Models of Eden Prairie Financial Advisors
Understanding payment structures is crucial when choosing a financial advisor in Eden Prairie. Here are some common fee structures employed by financial advisors:
- Hourly Fee: Clients are billed based on the time dedicated to their financial matters, regardless of their asset value.
- Retainer Fee: Financial advisors charge a predetermined fee on a monthly or annual basis. This ensures their availability for advisory services covered by the retainer.
- Flat Fees: These fixed fees cover financial planning and asset management services and are independent of the investor’s account size.
- Commission: Advisors receive a percentage of the funds spent when purchasing high-performing investments. They’re typically assessed per transaction.
- Asset Management Fee: Investors pay fees based on the amount of money they have invested, which are deducted directly from their accounts.
Thoroughly understanding these payment structures will help you assess which approach aligns with your personal preferences and financial goals.
Which Payment Structure is Best?
It’s important to consider the potential conflicts of interest when choosing a payment structure for your financial advisor. Selecting the wrong payment structure can be detrimental to your financial success.
For example, if a financial advisor charges an hourly fee but lacks a vested interest in maximizing your returns, they may prioritize other client accounts over yours. Similarly, financial advisors in Eden Prairie who receive a flat fee per transaction may engage in unnecessary transactions, which could negatively impact your financial interests.
In our assessment, opting for a commission-based fee structure tends to produce more favorable outcomes. With this structure, the financial advisor earns a portion of the investment growth, creating an incentive for them to prioritize your financial success.
5 Important Factors to Consider When Choosing a Financial Advisor in Eden Prairie
The right financial advisor plays a huge role in the management of your finances. To ensure you make an informed decision, it’s important to consider several key factors when choosing the best financial advisor in Eden Prairie for your needs.
Look for a financial advisor with significant experience in the industry who brings knowledge and expertise that can benefit you in navigating complex financial situations. An advisor who has successfully weathered various market conditions and helped clients achieve their goals is more likely to provide sound advice.
Verify that the financial advisor holds the necessary licenses and credentials. This ensures that they have met the required qualifications and adhere to professional standards and ethics. Common licenses include Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), and Registered Investment Advisor (RIA).
Effective communication is vital in a client-advisor relationship. A good financial advisor should be able to explain complex financial concepts in a clear manner. They should actively listen to your goals, concerns, and questions and provide personalized advice tailored to your specific needs.
Review the advisor’s investment philosophy and approach. Look for a financial advisor whose investment strategies align with your risk tolerance, goals, and time horizon. Ask for examples of their past performance and how they have helped clients achieve their financial objectives.
Understand the fee structure of the financial advisor. Some advisors charge a flat fee, while others may charge a percentage of the assets under management. It’s important to be clear about the fees and how they align with the services provided.
Remember that the cheapest option may not always be the best, so consider the value and quality of the services offered.
10 Best Financial Advisors in Eden Prairie, Minnesota
Discover the top 10 financial advisors in Eden Prairie who are dedicated to guiding you toward financial success. With their expertise, knowledge, and commitment to excellence, these advisors have earned a reputation for providing exceptional financial guidance.
1. The Wealth Group
The Wealth Group in Eden Prairie, Minnesota is dedicated to helping you grow your wealth, optimize income, and lower taxes. As seen in reputable publications like Investment News, Fox Business, Yahoo!, Business Insider, and Forbes, they are recognized for their expertise and commitment to financial excellence.
From investments to retirement planning, their comprehensive approach covers cash-flow planning, tax planning, investment planning, risk management, estate planning, retirement planning, and education planning.
As your trusted advisors, they navigate the investment landscape, guiding you away from common pitfalls and toward successful investing. The Wealth Group prioritizes low-cost, tax-efficient investments that capture your share of the market’s returns.
With a legacy of over two decades, they have served the community and nation by fostering financial well-being. Their experienced team simplifies complex financial topics, offering clear steps for your financial success. They collaborate with clients to create a personalized plan that leads to financial independence.
The Wealth Group
14850 Scenic Heights Rd STE 100
Eden Prairie, MN 55344
Phone: (952) 937-9423
2. Sean M Picht, AAMS
Sean M Picht is a dedicated financial advisor at Edward Jones in Eden Prairie, Minnesota. He brings a heartfelt passion for helping people achieve their financial goals. Leaving behind a corporate finance career, Sean sought a meaningful purpose to make a difference in people’s lives.
With 17 years of personal experience as an Edward Jones client, he witnessed the commitment of his financial advisor to always prioritize clients’ best interests. This solidified his decision to join Edward Jones in 2013, where he is dedicated to understanding what matters most to each individual and building long-term strategies to support their financial aspirations.
Specializing in retirement income strategies, socially conscious investing, estate and legacy strategies, insurance and annuities, divorce finances, and business retirement plans, Sean offers comprehensive guidance across a wide range of financial areas.
Sean M Picht, AAMS
8929 Aztec Dr
Eden Prairie, MN 55347
Phone: (952) 975-6003
3. Strategic Wealth Group
The dedicated team at Strategic Wealth Group is committed to putting their clients’ goals at the forefront. From the initial meeting, they use sophisticated financial, tax, and estate planning strategies that instill confidence in their clients. They understand that financial plans are dynamic and evolve over time, which is why their plans are designed to adapt to your changing financial journey.
Their qualified advisors work collaboratively to provide comprehensive, long-term financial planning for retirees, those nearing retirement, young professionals, and business owners. They also offer private wealth consulting, executive benefits, or succession planning.
Established in 2001, Strategic Wealth Group serves not only the local Eden Prairie community but also clients all over the United States. With integrity, organization, and expertise, they provide the necessary structure to instill financial confidence now and throughout your retirement years.
Strategic Wealth Group
7820 Terrey Pine Ct #200
Eden Prairie, MN 55347
Phone: (952) 843-4944
4. Integrity Wealth
Integrity Wealth is a trusted wealth management practice located in Eden Prairie, Minnesota, serving clients in Minneapolis-Saint Paul and nationwide. With a focus on personalized and easily understandable financial planning and investment management strategies, their team of experienced financial advisors can help you plan for a future that aligns with your goals, providing the pathway to financial freedom.
What sets Integrity Wealth apart from other financial advisors in Eden Prairie are their 30 years of combined experience, over 420 clients served, $210 million AUM, and over 25 states served. They serve a diverse range of clients, including pre-retirees, retirees, business owners, executives, and young investors.
Their services include financial planning, estate planning, tax planning, retirement planning, education planning, and investment allocation.
At Integrity Wealth, their primary goal is to help you achieve your financial goals, regardless of your life stage. Whether you’re just starting out, preparing for retirement, or enjoying your golden years, they’re ready to support you.
11985 Technology Dr. #100
Eden Prairie, MN 55344
Phone: 952 (937-5003)
5. Brown Wealth Management
Brown Wealth Management is a reliable independent financial planning and investment management firm located in Eden Prairie, Minnesota. Recognized as a Twin Cities Five Star Wealth Manager for multiple years, their team follows a fee-only, fiduciary standard to deliver holistic and values-based financial planning services to a select group of successful business owners and professionals.
Since 2002, they have been dedicated to providing objective financial planning and investment advice. Their approach begins with taking the time to understand what truly matters to you, allowing them to create a comprehensive plan aligned with your purpose and goals.
Their services include comprehensive wealth management, retirement planning, cash flow planning, insurance planning, tax planning, estate planning, and more.
The team at Brown Wealth Management operates with complete transparency and integrity. As fee-only advisors, they’re never paid commissions or referral fees. They prioritize your best interests above all else, ensuring the objectiveness of their recommendations and their focus on your long-term financial well-being.
Brown Wealth Management
12100 Singletree Ln Suite 175
Eden Prairie, MN 55344
Phone: (952) 303-6715
6. Ryan Jaskinia, AAMS
Ryan Jaskinia is a second-generation financial advisor based in Eden Prairie, Minnesota. With a commitment to serving individuals and families both locally and across the country, his team utilizes web conferencing to provide comprehensive financial guidance.
Holding securities registrations in multiple states, including Alaska, Arkansas, Arizona, California, Colorado, Florida, Georgia, Iowa, Kentucky, Minnesota, Texas, and Wisconsin, Ryan is dedicated to helping clients achieve their financial goals.
His focus areas are portfolio reviews, retirement income strategies, insurance and annuities, retirement savings strategies, and more.
To ensure a holistic approach, he collaborates closely with certified public accountants, attorneys, and other professionals to address the full financial picture for each client. His expertise extends to individuals nearing retirement, those already retired, and those who are navigating job transitions.
Ryan Jaskinia, AAMS
300 Prairie Center Dr. Ste 260
Eden Prairie, MN 55344
Phone: (952) 946-1048
7. 7th Street Financial
7th Street Financial is a fee-only, fiduciary planning firm located in Eden Prairie, Minnesota that’s recognized by esteemed publications, such as Kiplinger, Intuit, Money, HuffPost, and CNN Business. They take pride in providing top-notch financial planning services to clients in the Minneapolis area and virtually across the country.
Founded by Jeff Burke, the firm is dedicated to creating tailored financial plans based on your specific goals and desires. They specialize in assisting families with high school-aged children as they navigate the college selection process, offering a unique service that helps you avoid excessive student loan debt.
Additionally, 7th Street Financial provides comprehensive financial planning services, such as retirement planning and investment management. They have no minimum requirements for net worth or invested assets. Their plans are designed to match your individual needs and can be scaled accordingly.
Regardless of your financial situation, this firm believes that everyone can benefit from financial planning. Their services like comprehensive planning, hourly planning, college planning, and financial planning for young professionals cater to individuals at every stage of life.
7th Street Financial
18535 Maple Leaf Dr
Eden Prairie, MN 55346
Phone: (612) 562-9228
8. Voyageur Capital Advisors LLC
Voyageur Capital Advisors LLC is a highly reputable financial planning and investment management firm that’s committed to helping clients at all stages of life optimize their hard-earned money.
Their services encompass advice, planning, and investment management on a transparent, flat-fee basis, serving clients in the Twin Cities metro area and virtually across the United States.
Voyageur charges on a flat-fee basis, which they believe is the most transparent and straightforward approach to serving their clients. They prioritize charging based on your needs, not solely on the amount of money you have. This approach frees them from pressuring clients to transfer more assets or purchase products, granting them more time for delivering exceptional service and advice.
Whether you’re new to working with a financial advisor, seeking to switch advisors, or simply desiring a second opinion, their mission is to assist you in developing and executing a personalized, intelligent plan that enhances your chances of achieving financial success.
Voyageur Capital Advisors LLC
6385 Old Shady Oak Rd
Eden Prairie, MN 55344
Phone: (612) 638-2816
9. Retirement & 401(k) Plan Advisors, LLC
Retirement & 401(k) Plan Advisors is dedicated to helping you achieve your long-term financial goals. They apply sophisticated money management strategies tailored to your individual or business needs.
As an independent financial consulting firm with decades of experience, Retirement & 401(k) Plan Advisors delivers unbiased recommendations and impartial guidance based directly on your goals. They are not employees of an investment company or financial services firm; they operate independently, allowing them to offer a wide range of non-proprietary products, including mutual funds and life insurance, from various reputable companies.
They specialize in fee-based money management, 401(k) portfolios, retirement planning, and more, providing objective financial planning advice to help you achieve both your short and long-term goals.
Retirement & 401(k) Plan Advisors, LLC
7500 Flying Cloud Dr #760
Eden Prairie, MN 55344
Phone: 952 (544-3614)
10. Boulay Financial Advisors
Boulay Financial Advisors is a leading financial services firm committed to providing personalized solutions to individuals, families, and businesses. With a team of experienced professionals, Boulay offers a wide range of services tailored to meet the unique needs of their clients.
Their comprehensive suite of services includes investment management, retirement planning, estate planning, tax planning, risk management, and business consulting. By combining deep industry knowledge with strategic financial expertise, Boulay Financial Advisors delivers innovative solutions that align with their client’s goals and aspirations.
Boulay Financial Advisors caters to clients from various industries, including healthcare, construction, real estate, manufacturing, professional services, and more. They provide industry-specific insights and guidance to help clients navigate complex financial landscapes.
What sets Boulay Financial Advisors apart is their dedication to building long-term relationships with their clients. They prioritize open communication, trust, and collaboration to ensure that each client receives the highest level of service and customized solutions.
Boulay Financial Advisors
11095 Viking Dr #500
Eden Prairie, MN 55344
Phone: (952) 893-9320
The team providing this list of Top Ten financial advisors in Eden Prairie believes smart people make smart decisions because they educate themselves on the choices they are preparing to make.
We hope we’ve helped you become smarter about choosing a financial advisor that meets your unique and specific needs.
We try to provide readers with up-to-date information that will help them make those good decisions for hiring financial advisors in Eden Prairie. We hope you’ve enjoyed reading the information we’ve provided and learned about some of the choices for Financial Advisors in the Eden Prairie area.
No content is intended to constitute professional advice. This content is not responsible or liable for any consequences relating directly or indirectly to any action you take or fail to take based on the information provided. It is very important to do your own analysis, based on your own personal circumstances, before making any investment.
Consult with your own investment, financial, tax, and legal advisers. Readers agree to indemnify and hold harmless the providers of this information, from and against any and all liability, losses, claims, demands, disputes, damages, or costs of any kind.
Looking for an Eden Prairie Business Broker in Minnesota?
Peterson Acquisition has garnered exceptional acclaim as a premier business brokerage firm in Eden Prairie, distinguishing itself as the primary choice among all business brokers nationwide. Peterson Acquisition has earned a well-deserved reputation for its outstanding track record and industry-leading performance.
For inquiries regarding this top 10 list or any other matter, reach out to Chad Peterson and explore potential collaboration opportunities. By leveraging our expertise, we can help you navigate the intricacies of the business world and unlock your path to success.
Your Local Peterson Acquisitions Business Broker in Eden Prairie
Paul represents the following communities for Peterson Acquisitions:
ADRIAN, ALBANY, ALBERTVILLE, ALDEN, ALGONA, ALPHA, AMBOY, ANNANDALE, APPLETON, ARCO, ARLINGTON, ARMSTRONG, ARNOLDS PARK, ASHTON, ATWATER, AVOCA, AVON, AYRSHIRE, BALATON, BANCROFT, BECKER, BELGRADE, BELLE PLAINE, BELVIEW, BENSON, BIG LAKE, BIGELOW, BINGHAM LAKE, BIRD ISLAND, BLOMKEST, BLUE EARTH, BOCK, BODE, BOWLUS, BOYD, BOYDEN, BREWSTER, BRICELYN, BRITT, BROOTEN, BROWNTON, BUCKMAN, BUFFALO, BUFFALO CENTER, BUFFALO LAKE, BURT, BURTRUM, BUTTERFIELD, CANBY, CARVER, CEYLON, CHAMPLIN, CHANDLER, CHANHASSEN, CHASKA, CLARA CITY, CLARKFIELD, CLEAR LAKE, CLEARWATER, CLEMENTS, CLEVELAND, CLONTARF, COKATO, COLD SPRING, COLLEGEVILLE, COLOGNE, COMFREY, CONGER, CORWITH, COSMOS, COTTONWOOD, COURTLAND, CRYSTAL BAY, CRYSTAL LAKE, CURLEW, CURRIE, CYLINDER, DANUBE, DANVERS, DARFUR, DARWIN, DASSEL, DAWSON, DAYTON, DELANO, DELAVAN, DICKENS, DOLLIVER, DOVRAY, DUNNELL, EAGLE LAKE, EASTON, ECHO, EDEN PRAIRIE, EDEN VALLEY, EDGERTON, ELK RIVER, ELKO NEW MARKET, ELLSWORTH, ELMORE, ELROSA, ELYSIAN, EMMETSBURG, EMMONS, ESSIG, ESTHERVILLE, EVERLY, EXCELSIOR, FAIRFAX, FAIRMONT, FENTON, FERTILE, FLENSBURG, FOLEY, FOREST CITY, FORESTON, FOSTORIA, FRANKLIN, FREEBORN, FREEPORT, FROST, FULDA, GARDEN CITY, GARNER, GARVIN, GAYLORD, GEORGE, GHENT, GIBBON, GILLETT GROVE, GILMAN, GLENCOE, GLENWOOD, GOOD THUNDER, GRAETTINGER, GRANADA, GRANITE FALLS, GREEN ISLE, GREENVILLE, GREENWALD, GREY EAGLE, GROVE CITY, HAMBURG, HAMEL, HANLEY FALLS, HANLONTOWN, HANOVER, HANSKA, HARDWICK, HARRIS, HARTLAND, HARTLEY, HECTOR, HENDERSON, HENDRICKS, HERON LAKE, HILLMAN, HOLDINGFORD, HOLLAND, HOLLOWAY, HOPKINS, HOWARD LAKE, HUNTLEY, HUTCHINSON, IONA, ISLE, IVANHOE, JACKSON, JANESVILLE, JEFFERS, JOICE, JORDAN, KANARANZI, KANDIYOHI, KASOTA, KENNETH, KERKHOVEN, KIESTER, KIMBALL, LA SALLE, LAFAYETTE, LAKE BENTON, LAKE CRYSTAL, LAKE LILLIAN, LAKE MILLS, LAKE PARK, LAKE WILSON, LAKEFIELD, LAKOTA, LAMBERTON, LE CENTER, LE SUEUR, LEDYARD, LELAND, LEOTA, LESTER PRAIRIE, LEWISVILLE, LISMORE, LITCHFIELD, LITTLE ROCK, LONE ROCK, LONG LAKE, LORETTO, LU VERNE, LUCAN, LYND, MADELIA, MADISON, MADISON LAKE, MAGNOLIA, MALLARD, MANKATO, MAPLE GROVE, MAPLE LAKE, MAPLE PLAIN, MAPLETON, MARIETTA, MARSHALL, MATLOCK, MAYER, MAYNARD, MELROSE, MELVIN, MILACA, MILAN, MILFORD, MILROY, MINNEAPOLIS, MINNEOTA, MINNESOTA LAKE, MINNETONKA, MINNETONKA BEACH, MONTEVIDEO, MONTGOMERY, MONTICELLO, MONTROSE, MORGAN, MORTON, MOUND, MOUNTAIN LAKE, MURDOCK, NEW AUBURN, NEW GERMANY, NEW LONDON, NEW MUNICH, NEW PRAGUE, NEW RICHLAND, NEW ULM, NICOLLET, NORTHROP, NORWOOD, NORWOOD YOUNG AMERICA, OAK PARK, OCHEYEDAN, ODIN, OGILVIE, OKABENA, OKOBOJI, OLIVIA, ONAMIA, ORMSBY, OSSEO, OTTOSEN, PAYNESVILLE, PEASE, PEMBERTON, PENNOCK, PLATO, PORTER, PRINCETON, PRINSBURG, PRIOR LAKE, RAKE, RAYMOND, READING, REDWOOD FALLS, RENVILLE, REVERE, RICE, RICHMOND, RINGSTED, ROCK RAPIDS, ROCKFORD, ROCKVILLE, ROGERS, ROSCOE, ROUND LAKE, ROYAL, ROYALTON, RUSHMORE, RUSSELL, RUTHTON, RUTHVEN, SACRED HEART, SAINT BONIFACIUS, SAINT CLAIR, SAINT CLOUD, SAINT JAMES, SAINT JOSEPH, SAINT MARTIN, SAINT MICHAEL, SAINT PAUL, SAINT PETER, SAINT STEPHEN, SANBORN, SANTIAGO, SARTELL, SAUK CENTRE, SAUK RAPIDS, SAVAGE, SCARVILLE, SEAFORTH, SEARLES, SHAKOPEE, SHELDON, SHERBURN, SIBLEY, SILVER LAKE, SLAYTON, SLEEPY EYE, SOUTH HAVEN, SPENCER, SPICER, SPIRIT LAKE, SPRING PARK, SPRINGFIELD, STEEN, STEWART, STORDEN, SUNBURG, SUPERIOR, SWANVILLE, SWEA CITY, TAUNTON, TERRIL, THOMPSON, TITONKA, TRACY, TRIMONT, TRUMAN, TWIN LAKES, TYLER, UPSALA, VERNON CENTER, VESTA, VICTORIA, VILLARD, WABASSO, WACONIA, WAHKON, WAITE PARK, WALDORF, WALLINGFORD, WALNUT GROVE, WANDA, WASECA, WATERTOWN, WATERVILLE, WATKINS, WATSON, WAVERLY, WAYZATA, WEBB, WELCOME, WELLS, WESLEY, WEST BEND, WESTBROOK, WHITTEMORE, WILLMAR, WILMONT, WINDOM, WINNEBAGO, WINSTED, WINTHROP, WODEN, WOOD LAKE, WOODSTOCK, WORTHINGTON, YOUNG AMERICA, ZIMMERMAN