Michael Nesheim is a CFP-designated registered investment advisor at Vector Wealth Management, based in Minneapolis, MN, with 21 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Charitable Giving, Education Planning, Insurance Planning, Investment Management, and 2 more. Their firm serves 844 clients with $1.5B 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 is for new clients who retain Vector after March 31, 2019. Clients receiving multiple services such as asset management, investment coaching, and/or financial planning services can be charged a fixed fee at Vector's discretion.
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
Vector Wealth Management
Previous Registrations
Ballast Advisors, LLC
Ameriprise Financial Services, INC.
Ameriprise Financial Services, INC.Broker
Ids Life Insurance CompanyBroker
State Registrations1 state
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