Mann Financial Group

Retirement Planning Firm in Detroit Lakes, MN

Firm Info
Address: 613 US-10, Detroit Lakes, MN 56501, USA
Phone: (218) 844-9109

Firm Size
Assets Under Management: $224.5 million
# of Advisors: 2
# of Clients: 905
Client to Advisor Ratio: 453:1
Average Account Size: $248,053
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Selection of Others Advisors

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

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

  • Pension & Profit Sharing Plans
  • Charitable Organizations

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

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Mann Financial Group Overview

MANN FINANCIAL GROUP is a fee-based registered investment advisory firm located in Detroit Lakes, MN. It has been in business since 2019 and offers a range of financial services to individuals and small businesses. The firm offers financial planning and portfolio management services to its clients. Its fee arrangement is based on the services provided to the clients. As a broker-dealer representative, MANN FINANCIAL GROUP is licensed and authorized to offer investment advice to its clients. As an insurance broker / agent, it is also able to provide insurance products to its clients. This allows for a holistic approach to financial planning, where clients can receive a range of services from one firm. MANN FINANCIAL GROUP prides itself on offering investment advice and financial planning services that are tailored to the individual needs of its clients. The firm understands the unique financial needs and circumstances of its clients and works closely with them to create a personalized investment plan that aligns with their financial goals. In addition, the firm provides access to other advisors as needed to provide a comprehensive approach to financial planning.

MANN FINANCIAL GROUP caters to a diverse range of clients, including individuals, high net worth individuals, pension or profit sharing plans, and charitable organizations. The firm recognizes the unique financial planning needs of each client and develops personalized solutions tailored to their specific goals and objectives. Whether the client requires assistance with retirement planning, investment management or tax planning, MANN FINANCIAL GROUP leverages its expertise and experience to deliver innovative solutions that maximize long-term financial success. MANN FINANCIAL GROUP offers flexible fee structures to meet the various needs of its clients. Depending on the level and complexity of the service provided, clients may be charged a percentage of assets under management (AUM), an hourly fee or a fixed fee. Percentage of AUM tends to be popular for investment management services, as clients pay a percentage of the assets they have under the firm's management. Hourly fees are often useful for more specialized advice, such as estate planning or tax planning, which requires more one-on-one time. Meanwhile, fixed fees are a common choice for financial planning services, where a specific goal or outcome is identified and the firm provides a clear and detailed plan to achieve it. At MANN FINANCIAL GROUP, clients can rest assured that they will receive top-notch financial planning services in a way that best suits their needs.

Typical Clients, Fee Structures & Investment Minimum

According to the note in their Part 2 Brochure, Mann Financial Group requires a minimum account value of $100,000 to open an account with their adviser services. However, this minimum is subject to negotiation, which means that there may be some flexibility depending on individual circumstances. It is important to note that the brochure does not mention any alternative investment minimums, so it is safe to assume that $100,000 is the minimum amount needed to work with Mann Financial Group.

How This Office Can Help Detroit Lakes, MN Residents

Mann Financial Group offers a wide range of financial services to clients in Detroit Lakes, MN. Some of the common financial situations that people in Detroit Lakes face include retirement planning, investment management, debt management, and college planning. The experienced financial advisors at Mann Financial Group work closely with each client to develop personalized financial plans that meet their unique needs and goals. For those nearing retirement, Mann Financial Group assists with IRA and 401k planning, social security analysis, and pension consulting. They also help people create a budget, manage debt, and save for college. Additionally, the firm offers investment management services, including portfolio analysis and asset allocation strategies. With years of experience providing financial guidance to clients in Detroit Lakes, MN, Mann Financial Group has the knowledge and expertise to help individuals overcome any financial challenges they may face.

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

Services Offered by Mann Financial Group

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 Mann Financial Group 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 613 US-10, Detroit Lakes, MN 56501, USA
Phone (218) 844-9109
Opening Hours
  • Mon 8 AM–5 PM
  • Tue 8 AM–5 PM
  • Wed 8 AM–5 PM
  • Thu 8 AM–5 PM
  • Fri 8 AM–5 PM
  • Sat Closed
  • Sun Closed
Directions
Google My Business Reviews:
5 Stars  |  1 Reviews

Other Office Locations

This firm has no other locations.

State Registrations

Mann Financial Group is registered to service clients in the following states:

  • Florida
  • Minnesota
  • North Dakota
  • Texas

Disciplinary History

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

FREQUENTLY ASKED QUESTIONS

Retirement Planning FAQs