David Nielsen
David Nielsen is a registered investment advisor at Advanced Advisor Group, LLC, based in Mankato, MN, with 19 years of industry experience. David is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Business Owners, Estate Planning, Investment Management, Retirement Planning, and 1 more. Their firm serves 58 clients with $11M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $210K | 1.04% |
| $210K - $500K | 0.96% |
| $500K - $1.0M | 0.88% |
| $1.0M - $3.0M | 0.80% |
| $3.0M - $5.0M | 0.72% |
| $5.0M - $10.0M | 0.68% |
| $10M+ | 0.60% |
Fixed income and cash management accounts have a separate fee schedule (0.60% for under $100,000 and 0.36% for $100,000 and above).
Fee Estimator
Location
1961 Premier Drive #406, Mankato, MN, 56001
Get directionsHistory
Regulatory History (2)
Judgment / Lien
April 2017Judgment / Lien
December 1994Other Business Activities
David is the President of DWN Financial LLC, established in 2012 for tax purposes and to facilitate compensation for 1099 employee services. He spends minimal time on administrative and trading tasks related to the LLC, which functions as a pass-through entity for business-related activities associated with EFS Advisors.
Employment History
Current Registrations
Efs Advisors
Advanced Advisor Group, LLC
Advanced Advisor Group, LLCBroker
Previous Registrations
MML Investors Services, INC.Broker
State Registrations7 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.
Exams
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