Independent Financial Advisors

Financial Advisor in Hennepin County, MN

Firm Info
Address: 3109 Hennepin Ave, Minneapolis, MN 55408, USA
Phone: (612) 822-2794

Firm Size
Assets Under Management: $103.1 million
# of Advisors: 1
# of Clients: 34
Client to Advisor Ratio: 34:1
Average Account Size: $3 million
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Other

Types of Clients
  • Individuals (Not High Net Worth)
  • Individuals High Net Worth

    *>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth

  • Charitable Organizations

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Hourly
  • Fixed Fees (Other than subscription)

Get Connected with a Financial Advisor

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Independent Financial Advisors Overview

INDEPENDENT FINANCIAL ADVISORS is a fee only Registered Investment Advisory firm headquartered in Pound Ridge, NY. The firm has been in business since 2006 and provides investment advice only. The services offered include financial planning and portfolio management for both individuals and small businesses. Additionally, INDEPENDENT FINANCIAL ADVISORS provides portfolio management services for charitable organizations. As a fee-only firm, INDEPENDENT FINANCIAL ADVISORS prides itself on providing transparent and unbiased financial advice. Their approach to financial planning takes into consideration their clients’ unique financial situation, goals and risk tolerance, creating customized investment portfolios to meet each client's individual needs and objectives. Their portfolio management services are designed to help clients achieve their investment goals, whether it be for retirement, education, or other financial needs. In addition to their work with individuals and small businesses, INDEPENDENT FINANCIAL ADVISORS is dedicated to supporting charitable organizations through their portfolio management services. Through their expertise, knowledge and attention to detail, the firm assists these organizations in managing their investments, optimizing their returns and supporting their mission. Overall, the team at INDEPENDENT FINANCIAL ADVISORS is committed to helping their clients achieve their financial goals in the most efficient and effective way possible.

Independent Financial Advisors (IFA) caters to a diverse range of clients, from individuals seeking advice on personal finances to high net worth individuals and even charitable organizations. Their clients come from different backgrounds, have varying financial goals and requirements, and may require tailored financial solutions to meet their unique needs. IFA's team of financial advisors are equipped with extensive knowledge and experience to craft individualized financial strategies for each client, ensuring that their financial goals are met. IFAs offer their services with different fee structures that cater to their clients' varying needs. Clients can choose from a percentage of AUM (Assets Under Management) fee structure, which entails charging a percentage of the total value of the assets that the firm manages for the client. For those who require occasional financial guidance, an hourly fee structure may be more suitable. This structure involves the client being charged an hourly rate for the financial advice and services provided. Finally, an IFA client may opt for a fixed fee structure, which involves a set fee for a specific financial service provided. Overall, the fee structures available cater to the different financial needs, circumstances, and preferences of their clients, allowing them to ensure they receive the best financial advice and services tailored to their individual situations.

Typical Clients, Fee Structures & Investment Minimum

The investment minimum for Independent Financial Advisors is $1 million in investible assets. This is stated in their Part 2 Brochure note about investment minimums, which explains that certain asset minimums may apply and that currently prospective clients need at least $1 million to qualify as a client.

How This Office Can Help Hennepin County, MN Residents

Independent financial advisors can assist clients in Hennepin County, MN by providing personalized financial advice, tailored to their specific needs and goals. They can help with a variety of financial situations, such as retirement planning, education planning, investment management, tax planning, and estate planning. Hennepin County is the largest county in Minnesota and is home to many affluent suburbs, which means that many residents may have complex financial situations and require specialized financial advice. For example, someone living in Hennepin County who is approaching retirement age may need guidance on when to start drawing social security, how to maximize their retirement income, and how to minimize taxes. Similarly, someone who has received an inheritance may need advice on how to invest that money for long-term growth, while minimizing risk. An independent financial advisor can help navigate these complex financial situations and provide guidance on the best course of action for each client's unique situation.

To view the Minimum Investment and Fee Schedule for Independent Financial Advisors, visit their Part 2 Brochure.

Services Offered by Independent Financial Advisors

Core Advisor Services
Financial Planning

Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.

Portfolio Management for Individuals & Small Businesses

Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.

Market Timing Services

Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.

Other Services
Selection of Other Advisors

The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.

Publication of Periodicals or Newsletters

The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.

Educational Seminars & Workshops

The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.


Fee Structures

Financial advisory fees usually are based on the services provided. Fee types charged by Independent Financial Advisors most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available
Percentage of Assets Under Management (AUM)
Hourly
Fixed Fees (Other than subscription)
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Performance-based Fees
Other

Types of Clients

*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.


This Office Location

Firm location 3109 Hennepin Ave, Minneapolis, MN 55408, USA
Phone (612) 822-2794
Directions
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Other Office Locations

Firm Headquarters
Firm headquarters location 24 WATERBURY WAY, POUND RIDGE, NY 10576, United States

This firm has no other locations.

State Registrations

Independent Financial Advisors is registered to service clients in the following states:

  • Arizona
  • New Hampshire
  • New York

Disciplinary History

Independent Financial Advisors does not have any disclosures. Please visit it's Form ADV for more details.

FREQUENTLY ASKED QUESTIONS

Fiduciary Financial Advisor FAQs