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Paul Schmidt

Focus Financial
30 Years of Experience
Sartell, MN
2 DisclosuresBrokerSells Insurance
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Paul Schmidt is a registered investment advisor at Focus Financial, based in Sartell, MN, with 30 years of industry experience. Paul 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 10 more. Their firm serves 13,684 clients with $6.8B in assets under management.

Focus Financial
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
121 advisors
Number of Clients
13,684 clients
Average Client Portfolio
$499K average
Assets Under Management
$6.8B

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any1.00%

Advisors may use flat fee percentages, fixed dollar fees, linear schedules, or tiered schedules. Fees are negotiable and depend on the account size, complexity, and investment types. Maximum stated rate for general tiers is typically up to 1.00%.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
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Location

Sartell, MN

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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
March 2014
Award / Judgment
Customer Dispute
August 2010
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Paul works as an insurance agent, selling and servicing fixed insurance products, dedicating a few hours per week to this activity. He also works full-time as a financial advisor for Focus Financial Network Inc. and is the president of Palisade Investments, Inc., an S-Corp established for tax purposes.

Employment History
Current Registrations
Focus Financial
March 2020 - Present · 6 yrs 7 mos
Osaic Wealth, INC.Broker
November 2019 - Present · 6 yrs 11 mos
Previous Registrations
LPL Financial LLCBroker
February 2018 - November 2019 · 1 yr 9 mos
Sii Investments, INC.Broker
February 2010 - February 2018 · 8 yrs
VALIC Financial Advisors, INC.Broker
September 2009 - March 2010 · 6 mos
Securities America, INC.Broker
November 2008 - September 2009 · 10 mos
Sii Investments, INC.Broker
April 1999 - December 2008 · 9 yrs 8 mos
Miller, Johnson & Kuehn, IncorporatedBroker
February 1996 - April 1999 · 3 yrs 2 mos
State Registrations8 states
CACOIDILMDMNVAWI
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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