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Eric Peterson

Wells Fargo Advisors
11 Years of Experience
Elk River, MN
1 DisclosureBroker
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Eric Peterson is a registered investment advisor at Wells Fargo Advisors, based in Elk River, MN, with 11 years of industry experience. Their practice areas include Business Owners, Divorce Planning, Education Planning, Financial Planning & Coaching, and 2 more. Their firm serves 1,327,695 clients with $610B in assets under management.

Wells Fargo Advisors
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
14703 advisors
IM Fee
Planning only
Assets Under Management
$606.0B

Fee Structure

Minimum Investment:$250K
  • Cash Flow Analysis — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
  • Education Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
  • Retirement Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
  • Risk Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
  • Wealth Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
  • Divorce Planning — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
  • Special Needs Analysis — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
  • Sports & Entertainment — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
  • Business Owner Planning — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.

The total fee per engagement can range up to $5,000 for clients with a net worth of $250,000 to $500,000, up to $12,500 for clients with a net worth over $500,000 to $1,000,000, and up to $25,000 for clients with a net worth over $1,000,000. Fees are subject to negotiation and may vary.

One-Time Plan:Up to $25,000
View Full SEC Brochure

Location

19290 Freeport St Nw, Elk River, MN, 55330

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History

Regulatory History (1)
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Financial
December 2020
Final
View Full SEC ReportHow to Read Disclosures
Employment History
Current Registrations
Wells Fargo Advisors
June 2023 - Present · 2 yrs 11 mos
Wells Fargo Clearing Services, LLCBroker
May 2023 - Present · 3 yrs
Previous Registrations
Securian Financial Services, INC.Broker
May 2022 - January 2023 · 8 mos
Simplicity Financial Investment Services, INC.Broker
September 2019 - April 2022 · 2 yrs 7 mos
Aei Securities, INC.Broker
November 2007 - June 2008 · 7 mos
Ameriprise Financial Services, INC.Broker
May 2006 - October 2006 · 5 mos
Usallianz Investor Services, LLCBroker
April 2001 - September 2004 · 3 yrs 5 mos
Edward D. Jones & CO., L.P.Broker
June 1999 - July 1999 · 1 mo
Raymond James Financial Services, INC.Broker
January 1999 - March 1999 · 2 mos
Robert Thomas Securities, INCBroker
December 1998 - January 1999 · 1 mo
Midwest Discount Brokers INC.Broker
February 1998 - October 1998 · 8 mos
R.J. Steichen & CompanyBroker
November 1997 - February 1998 · 3 mos
Miller, Johnson & Kuehn, IncorporatedBroker
October 1997 - November 1997 · 1 mo
State Registrations2 states
MNNY
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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