Thomas Thompson
Thomas Thompson is a ChFC-designated registered investment advisor at Thompson Financial Transitions INC., based in White Bear Lake, MN, with 29 years of industry experience. Thomas operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 129 clients with $47M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Thompson Financial Transitions offers investment management services with fees based on a percentage of the assets they manage. The fees are tiered, meaning the percentage decreases as the amount you invest increases. The specific fees depend on the platform used (AssetMark or direct management). For assets managed directly, the annual fee will not exceed 1.00%. For held away assets, the annual fee is 1.25%. Fees are negotiable based on factors like the relationship history and the amount of assets managed. Fees are billed quarterly, either in advance or arrears. Clients can terminate the agreement with written notice and receive a pro-rata refund of unearned fees.
Location
1895 County Rd E E, Suite 214, White Bear Lake, MN, 55110
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Thomas is an independent insurance agent selling life insurance, long-term care, and annuities, and he also operates under the DBA Thompson Financial Transitions. He also acts as POA for his mother, managing her investments and finances, and helps a CPA with tax preparation for a portion of the year.
Employment History
Current Registrations
Thompson Financial Transitions INC.
Previous Registrations
Sagepoint Financial, INC.
Sagepoint Financial, INC.Broker
Voya Financial Advisors, INC.
Voya Financial Advisors, INC.Broker
Securian Financial Services, INC.
Cri Securities, LLCBroker
Securian Financial Services, INC.Broker
The Leaders Group, INC.Broker
Ing America Equities, INC.Broker
Tcf Securities, INC.Broker
American Express Financial Advisors INC.Broker
Ids Life Insurance CompanyBroker
Federated Securities CORP.Broker
Van Kampen American Capital Distributors, INC.Broker
Morgan Stanley & CO., IncorporatedBroker
Fundmark Investment Company Services, INC.Broker
State Registrations3 states
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.