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Richard Bjorklund

Balefire, LLC
41 Years of Experience
St. Louis Park, MN
1 DisclosureSells Insurance
View SEC Summary
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Richard Bjorklund is a registered investment advisor at Balefire, LLC, based in St. Louis Park, MN, with 41 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Charitable Giving, Corporate Executives, Education Planning, and 7 more. Their firm serves 1,864 clients with $2B in assets under management.

Balefire, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
37 advisors
Number of Clients
1,864 clients
Average Client Portfolio
$1.1M average
Assets Under Management
$2.0B

Fee Structure

Minimum Investment:None
Planning is included in investment management

Balefire charges an ongoing fee based on the total value of your portfolio, including cash and investments. The fee is calculated quarterly and deducted directly from your account in advance.

  • Asset management fee — Varies based on the scope and complexity of your situation, and is negotiated directly with you.
  • Platform fee — An additional 0.25% per year is assessed to cover technology, portfolio accounting, and reporting services (often waived for ultra-high-net-worth clients).
  • Other investment costs — You will also pay separate fees to third-party investment managers or mutual fund companies if your portfolio includes their products, typically ranging from 0.08% to 0.60% per year, plus trading ticket charges from your custodian.
View Full SEC Brochure

Location

4450 Excelsior Blvd, Suite 460, St. Louis Park, MN, 55416

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History

Regulatory History (1)
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Customer Dispute
January 2011
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Richard is a partner at VisionPoint Advisory Group, LLC, where he provides investment advisory services, dedicating nearly full-time hours to this role. He is also involved with Lion Street, focusing on non-variable insurance, spending about a third of his time on this activity.

Employment History
Current Registrations
Balefire, LLC
January 2024 - Present · 2 yrs 9 mos
Previous Registrations
Fuse Partners, LLC
September 2020 - December 2023 · 3 yrs 3 mos
LPL Financial LLCBroker
September 2020 - June 2022 · 1 yr 9 mos
Principal Securities, INC.
January 2014 - September 2020 · 6 yrs 8 mos
Principal Securities, INC.Broker
August 1985 - September 2020 · 35 yrs 1 mo
State Registrations1 state
MN
Advisor

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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