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Kenneth Krause

38 Years of Experience
Mitchell, SD
2 DisclosuresBroker

Kenneth Krause is a registered investment advisor at Ameriprise Financial Services, LLC, based in Mitchell, SD, with 38 years of industry experience. Kenneth operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 1,330,280 clients with $560B in assets under management.

Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
12781 advisors
Number of Clients
1,330,280 clients
Average Client Portfolio
$424K average
Assets Under Management
$564.6B

Fee Structure

Minimum Investment:$2K

Ameriprise Financial Services offers several managed account programs. The fees vary depending on the program selected. These fees include an asset-based fee, which covers investment advisory services and investment management fees. Some accounts may also have an Investments and Infrastructure Support Fee. Clients also pay investment costs, which are the underlying fees related to investment products purchased within the managed account. Additional fees and expenses may be incurred based on the nature of the investments.

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Location

119 N Main St, Mitchell, SD, 57301-3415

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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.
Customer Dispute
July 2017
Denied
Customer Dispute
August 2003
Denied
Other Business Activities

Kenneth owns multiple commercial and single-family real estate properties, dedicating minimal time to them. He is also a board member and Vice President at Krause, spending a few hours per week on these roles.

Employment History
Current Registrations
Ameriprise Financial Services, LLC
September 1988 - Present · 37 yrs 10 mos
Ameriprise Financial Services, LLC
July 1987 - Present · 39 yrs
Ameriprise Financial Services, LLCBroker
July 1987 - Present · 39 yrs
State Registrations11 states
AZCOIAINKSMNNDSDTXWIWY
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.