Michael Nesheim
Michael Nesheim is a CFP-designated registered investment advisor at Bluespring Wealth Management, LLC, based in Minneapolis, MN, with 22 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments, Business Owners, Charitable Giving, Education Planning, and 8 more. Their firm serves 3,250 clients with $5.4B 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 $500K | 1.20% |
| $500K - $1.0M | 1.00% |
| $1.0M - $3.0M | 0.85% |
| $3.0M - $5.0M | 0.75% |
| $5M+ | 0.65% |
Fee schedule reflects the Midwest regional platform. Other regional platforms and specific account types have separate fee schedules (e.g., River Valley region ranges from 1.00% down to 0.40%). Fees are negotiable.
Fee Estimator
Location
43 Main Street Se, Suite 236, Minneapolis, MN, 55414
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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.
Learn about disclosures →Other Business Activities
Michael is a managing member of Wayzata Advisors LLC, a legal entity established to manage their office lease and operating expenses, dedicating minimal time. He also engages in fiduciary activities, acting in roles such as attorney-in-fact or trustee.
Employment History
Current Registrations
Bluespring Wealth Management, LLC
Previous Registrations
Ballast Advisors, LLC
Ameriprise Financial Services, INC.
Ameriprise Financial Services, INC.Broker
Ids Life Insurance CompanyBroker
State Registrations1 state
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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