EFS ADVISORS
EDUCATOR'S FINANCIAL SERVICES, INC. Legal Name
Adviser information for EFS ADVISORS last updated from Form ADV on March 13th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Minnesota, United States |
Employees
| Total Number of Employees | 59 |
|---|---|
| Investment Advisory/Research | 53 |
| Registered Broker-Dealer Representatives | 59 |
| Registered State Investment Advisers | 58 |
| Licensed Agents of an Insurance Company | 53 |
| No. of Firms/People that Solicit Clients | 1 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 27,121 | $1.8B |
| Non-Discretionary | 1,898 | $253.3M |
| Total | 29,019 | $2.0B |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 20,787 | $2.0B |
| HNW Individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 25 | $54.8M |
| Charitable organizations | 7 | $667,910 |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | <5 | $4.2M |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 12 | $3.1M |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 21000 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsPension consulting servicesPublication of periodicals or newslettersEducational seminars/workshops |
|---|---|
| Compensation | % of AUMHourly charges |
| Other Business Activities | Insurance broker or agent |
Principal Office
1995 EAST RUM RIVER DRIVE SCAMBRIDGE
MN
United States
Monday - Friday, 8:00AM - 4:30PM
Tel: 763-689-9023, Fax: 763-689-3742
Chief Compliance Officer
NEIL LANCE
1995 EAST RUM RIVER DRIVE S.
CAMBRIDGE
MN
United States
Tel:
763-552-6075
A************@**************M
(Full email address available in API data)
Regulatory Contact
DOROTHY FULLER
COO
1995 EAST RUM RIVER DRIVE S.
CAMBRIDGE
MN
United States
Tel:
763-552-6048
Fax:
763.689.3742
D*******@**************M
(Full email address available in API data)
Industry Affiliates
| ADVANCED ADVISOR GROUP, LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealerOther investment adviser, including financial planners |
| EDUCATORS LIFETIME SOLUTIONS | Insurance company or agency |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| SCHUTTE, KENT, DONALD | Individual | – | PRESIDENT | 04/1996 | 50-75% |
| FULLER, DOROTHY, SUSAN | Individual | – | COO | 10/2003 | < 5% |
| LANCE, NEIL, GREGORY | Individual | – | CCO | 04/2023 | < 5% |
| Schutte, Lynn, M | Individual | – | VICE PRESIDENT | 04/1996 | 50-75% |