MG
CFP
MG
CFP

Michael Gustafson

33 Years of Experience
Minneapolis, MN
1 DisclosureBrokerSells Insurance

Michael Gustafson is a CFP-designated registered investment advisor at Focus Financial, based in Minneapolis, MN, with 33 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Retirement Planning, Tax Planning. Their firm serves 14,027 clients with $6.3B in assets under management.

Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
119 advisors
Number of Clients
14,027 clients
Average Client Portfolio
$446K average
Assets Under Management
$6.3B

Fee Structure

Focus Financial Network offers personalized investment management services where advisors manage your investments based on your individual needs. Fees are typically charged quarterly, in advance, based on the value of your portfolio. The fee percentage is determined by your advisor and depends on factors like the type of service, account size, and complexity. FFN offers flat, linear, and tiered fee schedules. With a flat fee, your entire portfolio is billed at one percentage rate. With a linear fee schedule, the fee percentage decreases at intervals as your account value grows, and the resulting fee percentage is applied to the entire balance. With a tiered fee schedule, the asset values fall within separate tiers, and the corresponding decreasing percentage is applied to each tier.

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Location

1000 Shelard Parkway, Suite 300, Minneapolis, MN, 55426

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History

Regulatory History (1)
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
March 2023
Settled
Other Business ActivitiesSells Insurance

Michael owns Gustafson Financial Group Inc, an S-Corporation used to manage office expenses and taxes. He also works as a financial advisor and statutory agent for Focus Financial Network, Inc., selling fixed insurance products, and acts as power of attorney for his mother regarding his father's estate.

Employment History
Current Registrations
Focus Financial
May 2005 - Present · 21 yrs 2 mos
Osaic Wealth, INC.Broker
December 1997 - Present · 28 yrs 7 mos
Previous Registrations
American Express Financial Advisors INC.Broker
March 1993 - December 1997 · 4 yrs 9 mos
Ids Life Insurance CompanyBroker
March 1993 - December 1997 · 4 yrs 9 mos
State Registrations21 states
ALAZCACOFLGAIAIDILMIMNMTNCNDNMOHSCSDTXWAWI
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.