Scott Beers is a CFP-designated registered investment advisor at Lottsa Financial Services, INC., based in Minneapolis, MN, with 12 years of industry experience. Scott operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Financial Planning & Coaching, High Net Worth, Insurance Planning, and 3 more. Their firm serves 117 clients with $95M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Lottsa Financial Services (LFS) charges a quarterly fee for managing your investments, based on the value of your accounts. The fee is calculated in advance each quarter. The annual fee is:
- $2,500 if your portfolio is $250,000 or less
- 1.00% on assets between $250,001 and $1,000,000
- 0.80% on assets between $1,250,001 and $3,000,000
- 0.70% on assets between $3,428,572 and $5,000,000
- 0.65% on assets between $5,384,616 and $10,000,000
These fees do not include the costs charged by the mutual funds or exchange traded funds you invest in.
Location
400 19th Ave. So., Minneapolis, MN, 55454
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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.
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Scott is the President of Lottsa Tax and Accounting Services, providing business and personal tax preparation on a full-time basis. He is also a managing partner with 83.33% ownership in Triangle Building Partnership, LLP, which owns the building from which his companies operate, requiring minimal time.
Employment History
Current Registrations
Lottsa Financial Services, INC.
State Registrations2 states
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