Patrick Stephens
Patrick Stephens is a registered investment advisor at Esi Financial Advisors, based in Plymouth, MN, with 29 years of industry experience. Their practice areas include Investment Management, Retirement Planning. Their firm serves 12,116 clients with $2.5B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
ESI Financial Advisors offers investment management through various programs. Fees vary depending on the program chosen and can include platform fees, strategist fees, and service fees.
ESI Illuminations programs charge a platform fee between 0.26% and 0.45% annually, plus strategist fees (0.02%-1.00%) and EFA's service fee (0-2.00%).
American Funds and Schwab Retirement Advisor Services have tiered fees, up to 1.00% annually on the first $1M, decreasing to 0.35% on amounts over $10M.
AssetMark fees are negotiated with the advisor, not to exceed 1.5% annually.
SEI fees are also negotiated, not to exceed 1.75% annually, plus a 0.05% administrative fee.
Location
505 Highway 169 N, Suite 245, Plymouth, MN, 55441
Get directionsHistory
Regulatory History (1)
Financial
January 2020Other Business ActivitiesSells Insurance
Patrick owns rental property since 2006, dedicating minimal time to it. He is also a VP at National Business Group Central, LLC, selling life and disability insurance, which takes about a quarter of his time. Patrick also acts as Power of Attorney for his mother.
Employment History
Current Registrations
Esi Financial Advisors
Equity Services, INC.Broker
Previous Registrations
Mutual of Omaha Investor Services, INC.Broker
Nylife Securities INC.Broker
State Registrations21 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.