Top Financial Advisors in Bloomington, MN

Find an Advisor

JNBA Financial Advisors leads off our list of the top financial advisors in Bloomington. Founded in 1978, JNBA is the oldest firm on this list and has more assets under management (AUM) than any of the nine other firms. JNBA works primarily with individuals clients above and below the high-net-worth threshold. It also serves some organizations.

JNBA offers fee-only investment management services, financial planning and consulting services to it clients. The firm doesn’t have a specific minimum account size for these services, though it does require a $10,000 minimum annual fee. As a fee-only practice, the firm's compensation comes solely from client-paid fees. Advisors do not sell financial products and services for commissions. 

The firm has a large team of advisors who hold a range of financial certifications, including the Certified Financial Planner™ (CFP®), Chartered Financial Analyst (CFA), chartered financial consultant (ChFC), retirement income certified professional (RICP), chartered advisor for senior living (CASL) and more.

JNBA builds portfolios based on clients’ objectives, using a mix of individual stocks, bonds, mutual funds, ETFs and covered calls. Cash may be treated as an asset class, and ESG investing can be incorporated upon request. Portfolios are reviewed regularly, balancing growth opportunities with risk management.

To analyze investment options, JNBA's advisors will primarily perform both fundamental and technical analysis. Fundamental analysis involves looking at a company's past performance as well as basic financial information surrounding a security in order to gauge its intrinsic value. Technical analysis involves examining price and volume data to attempt to forecast the direction of a stock or fund.

Find an Advisor

Bearing Point Capital, founded in 2024, is a registered investment advisor that offers services to individuals, high-net-worth individuals, family offices, trusts, estates, private foundations and corporate entities. The firm provides discretionary investment management and personalized financial planning services that may address a client's retirement, education, estate, cash flow, tax and insurance needs. 

The firm is fee-based, charging asset-based fees for investment management as well as fixed fees for financial planning. In addition, certain firm personnel are licensed to sell insurance products and may receive commission-based compensation, which represents a potential conflict of interest. However, the firm is bound by its fiduciary duty to disclose conflicts and act in clients' best interests. 

The team at Bearing Point Capital includes advisors who hold the Certified Financial Planner™ (CFP®) and Chartered Financial Analyst (CFA) designations.

Bearing Point Capital primarily uses fundamental analysis, supported by technical research, to evaluate investments. The firm emphasizes long-term investing that aligns with client goals. Portfolios may include equities, corporate and municipal bonds, U.S. government bonds, mutual funds, ETFs, REITs, private funds, closed-end funds, structured notes and options strategies.

The firm also uses external managers when appropriate and adjusts portfolios to account for client-specific factors such as risk tolerance, income needs and tax considerations.

Find an Advisor

Stevens Foster Financial Advisors has a client base that is fairly even split between non-high-net-worth and high-net-worth individuals. The firm, which operates on a fee-based compensation model, doesn’t specify a minimum account size.

Stevens Foster focuses on comprehensive financial planning services and investment management. Its financial planning services can cover estate tax planning, risk management, tax preparation among other needs.

As a fee-based firm, some on-staff financial advisors can earn commissions when they sell insurance products. Despite this potential conflict of interest, the firm is required to abide by fiduciary duty. 

Stevens Foster Financial Advisors first opened up shop in 1988. Today, Stevens Foster relies on an in-house investment team that develops investment strategies and conducts investing research and analysis. With respect to client portfolios, the firm pays special attention to diversified asset allocations, fee considerations, tax consequences and selecting the right asset managers.

Portfolios may include traditional and alternative investments, such as equities, fixed income securities, mutual funds, ETFs, private equity, hedge funds and real estate. Asset allocation is tailored to each client and may incorporate both external money managers and passive strategies.

Find an Advisor

Webb Financial Group has been operating in Bloomington for 40 years, having been founded in 1981. The firm, which works primarily with individuals who do not have a high net worth, has a $250,000 minimum relationship size.

The firm's financial planning services may encompass retirement, investment, estate, tax and college planning. Its services include creating customized investment strategies, allocating client assets, ongoing portfolio reviews and producing written financial plans based on client circumstances. Clients are encouraged to review their goals and performance regularly, while implementation of planning recommendations is ultimately at the client’s discretion.

Webb Financial Group is a fee-based firm that employs advisors who may receive insurance product sales commissions. Despite this potential conflict of interest, the firm is still a fiduciary, legally binding it to act in clients' best interests.

The firm's team includes advisors who have earned various professional certifications, including the Certified Financial Planner™ (CFP®), registered financial consultant (RFC) and financial paraplanner qualified professional (FPQP) designations.

Webb Financial Group begins each investment process by collecting information from the client. This information will include considerations like their income, tax situation, risk tolerance, investing goals and time until retirement. With that info in hand, the firm will then go about constructing an asset allocation that’s appropriate for that client. As necessary, the firm will also rebalance client portfolios to help maintain the target allocation percentages. 

Investments may include mutual funds, exchage-traded indexes, individual securities and other vehicles.

Find an Advisor

BGM Wealth Partners has been serving Bloomington-area clients for nearly three decades. The firm currently works exclusively with individuals, more than half of whom have a high net worth. 

BGM Wealth Partners provides a wide range of fee-only services to its clients, which means the firm does not receive extra commissions on top of client-paid fees. Its available services include investment management, financial planning, consulting, wealth coaching and selection of independent investment managers. The firm doesn’t specify a minimum account size.

BGM Wealth Partners was originally established in 1996. Today, it employs a small team of advisors, some of who, hold the Certified Financial Planner™ (CFP®), certified public accountant (CPA) and personal financial specialist (PFS) designations.

BGM Wealth Partners will approach each client’s portfolio with their unique risk tolerance, timeline and goals in mind. The firm will create an asset allocation with a specific mix of mutual funds, ETFs and independent investment managers that will in turn select individual stocks.

The firm constructs these portfolios with a long-term angle in mind, believing that attempts to time the market in the short-term will wind up costing you down the road.

Find an Advisor

Petros Family Wealth is a fee-only firm that was founded in 2022. It offers investment management, financial planning and consulting services to individuals, families, foundations, charities and businesses.

The firm works with clients on a discretionary or non-discretionary basis, tailoring portfolios and financial plans to each client’s objectives, risk tolerance and cash flow needs. Services can address areas such as retirement planning, estate and trust planning, charitable giving, tax planning, insurance review, education funding and business succession. 

Petros also assists with held-away assets such as retirement plans, annuities or 529 accounts, and may recommend outside professionals when specialized expertise is needed. There is no stated minimum account size, though financial planning services generally carry fixed fees, and investment management is billed as a percentage of assets under management.

One of the advisors on staff is also a certified private wealth advisor (CPWA) and certified investment management analyst (CIMA).  

Petros describes its investment approach as risk-adjusted, cost-conscious, and tax-efficient. Portfolios typically include a mix of equities, bonds, mutual funds, ETFs, and when appropriate, separately managed accounts through independent managers. Depending on client circumstances, portfolios may also include structured products, hedge funds, private equity or other alternative investments.

The firm uses a blend of active and passive strategies, relying on qualitative, quantitative and technical analysis. Portfolios are monitored and adjusted as market conditions and client needs change, with diversification and long-term goals central to their management philosophy.

Find an Advisor

Caissa Wealth Strategies is a fee-only practice named after the Roman goddess of chess, referring to the fact that its clients "have many complex pieces on their financial board of life." Caissa doesn't explicitly have a minimum account size requirement, but it does charge a $10,000 minimum annual fee. 

Caissa's entire client base is made up of individuals and high-net-worth individuals. Clients will have access to advisors who hold a number of certifications, including Certified Financial Planner™ (CFP®), certified divorce financial analyst (CDFA), chartered financial consultant (ChFC) and chartered life underwriter (CLU).

Caissa was founded just over a decade ago in 2009 by Kelly S. Olson Pedersen, who remains the firm's principal owner and CEO.

Investment management and financial planning are both available through Caissa. Financial planning can cover retirement planning, insurance planning, college fund planning, net worth determination, cash flow planning and more.

Caissa works with clients to build a customized portfolio for them. These services are available on both a discretionary and non-discretionary basis, and advisors will meet with clients to determine what kind of investor they are. To do this, the firm will work with you to figure out your risk tolerance, time horizon, income needs and long- and short-term financial goals. A personal investment policy will come from these findings, as well as an asset allocation plan.

Once your assets are invested in the market, Caissa will monitor how your portfolio's investments are doing. If necessary, the firm may decide to rebalance your portfolio back to something closer to your original asset allocation.

Find an Advisor

Legacy Financial Advisors is a fee-only advisory firm whose client base is exclusively made up of individuals, most of whom do not have a high net worth. The firm has a $500,000 minimum investment requirement, though it may be willing to waive this minimum under certain circumstances.

The firm provides two broad categories of services. The first is portfolio management, either by the firm’s advisors or by independent money managers the firm selects. The second is financial planning, which could include estate planning, retirement preparation, tax planning, among other services. 

Certain on-staff advisors at this firm can earn commissions from insurance sales, with this potential conflict of interest making it a fee-based firm. Legacy Financial still abides by fiduciary duty, though, legally binding it to act in clients' best interests no matter what.

Founded in 1996, the firm has a small team that includes two Certified Financial Planners™ (CFP®).

When analyzing securities, Legacy Financial Advisors relies mostly on fundamental analysis, which is the attempt to gauge a security’s intrinsic value by looking at fundamental statistics regarding the company or fund. The firm will do this by reviewing information from third-party research, Morningstar, fund prospectuses and other investment management companies.

The firm looks to strategic asset allocation as its primary investment strategy, believing that balanced and diversified portfolios give clients the best chance for sustainable, long-term success. The risk tolerance of each asset allocation will be tailored to each client.

Find an Advisor

Founded in 2020, TruMix Advisors is a fee-only practice that provides investment management and financial planning services tailored to individuals, high-net-worth individuals and businesses. 

The firm manages customized portfolios based on each client’s goals, time horizon, risk tolerance and tax considerations. In addition to portfolio management, it offers ongoing or project-based financial planning that can address retirement planning, tax strategies, estate planning, business planning, insurance reviews, employee benefits, college savings, philanthropic giving, and risk management. Clients may also receive advisory services for SIMPLE IRAs and employer-sponsored retirement plans. 

TruMix does not impose an account minimum, though ongoing management or planning services generally start at $600 per month. Project-based planning is available for a fixed or hourly fee.

As a fee-only firm, Trumix's compensation comes solely from client fees rather than commissions on investment products. Its advisory team includes several Certified Financial Planners™ (CFP®).

Trumix's investment approach is grounded in modern portfolio theory, emphasizing diversification, efficient markets and long-term investing. Portfolios may combine passive and active strategies and include mutual funds, ETFs, individual securities, and, in some cases, socially responsible investments aligned with clients’ values. TruMix focuses on constructing portfolios intended to balance growth potential with risk management rather than attempting to outperform benchmarks. 

Find an Advisor

PSC Financial, founded in 2014, is a fee-based advisor that concludes our list of the top firms in Bloomington. PSC provides financial planning, investment management and retirement plan consulting services. 

The firm is open to working with individuals, high-net-worth individuals, retirement plans, charitable organizations, corporations and business entities. It does not impose a stated minimum account size for investment management, though certain independent managers it works with may set their own requirements.

The firm’s financial planning and consulting services cover areas such as retirement planning, estate and trust planning, tax planning, cash flow forecasting, charitable giving, business planning and insurance planning. The team at PSC includes two advisors who hold the Certified Financial Planner™ (CFP®) designation.

As a fee-based practice, some of its supervised persons may receive commissions from insurance sales or securities transactions, in addition to client-paid fees, creating potential conflicts of interest. However, the firm's fiduciary duty as a registered investment advisor (RIA) means it must disclose these conflicts and act in clients' best interests. 

In managing client portfolios, PSC primarily uses mutual funds, ETFs, equities, bonds, real estate investment trusts, business development companies and independent investment managers. It may also recommend variable annuities, privately placed securities or other specialized investments for eligible clients. The firm relies on both fundamental and technical analysis to evaluate investments, using long-term and short-term investment strategies depending on client goals and market conditions.