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Ricky Mahlum

Independent Financial Group, LLC
41 Years of Experience
Plymouth, MN
2 DisclosuresBrokerSells Insurance
View SEC Summary
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Ricky Mahlum is a registered investment advisor at Independent Financial Group, LLC, based in Plymouth, MN, with 41 years of industry experience. Ricky is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Alternative Investments, Annuities, Business Owners, Charitable Giving, and 9 more. Their firm serves 26,635 clients with $13B in assets under management.

Independent Financial Group, LLC
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
541 advisors
Number of Clients
26,635 clients
Average Client Portfolio
$485K average
Assets Under Management
$12.9B

Fee Structure

Minimum Investment:$25K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Up to $250K2.00%
$250K - $500K2.00%
$500K - $1.0M2.00%
$1.0M - $2.0M2.00%
$2.0M - $5.0M2.00%
$5M+2.00%

Maximum advisor fee is shown; program fees (0.04% to 0.16%) and transaction charges may apply depending on the selected program. Fees are negotiable.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

3655 Ximines Lane N, Plymouth, MN, 55441

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History

Regulatory History (2)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Judgment / Lien
May 2013
Judgment / Lien
November 2006
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Ricky is a licensed insurance agent in Minnesota since 1990, offering various insurance products and spending a few hours per week on this activity. He is also the 100% owner of Lighthouse Investor Services, a DBA used for marketing purposes, dedicating minimal time to it.

Employment History
Current Registrations
Independent Financial Group, LLC
March 2015 - Present · 11 yrs 7 mos
Independent Financial Group, LLCBroker
February 2011 - Present · 15 yrs 8 mos
Previous Registrations
Qa3 Financial CORP.Broker
July 2001 - February 2011 · 9 yrs 7 mos
Royal Alliance Associates, INC.Broker
May 1992 - July 2001 · 9 yrs 2 mos
First Affiliated SecuritiesBroker
January 1990 - May 1992 · 2 yrs 4 mos
Dain Bosworth IncorporatedBroker
March 1985 - December 1989 · 4 yrs 9 mos
State Registrations6 states
CACOIAILMNWI
AdvisorBrokerBoth

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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