Lee Rycraft
Lee Rycraft is a registered investment advisor at Midwest Financial Strategies, based in Watertown, SD, with 15 years of industry experience. Lee operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, High Net Worth, Insurance Planning, and 3 more. Their firm serves 102 clients with $39M 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 | 1.25% |
| $500K - $1.0M | 1.00% |
| $1M+ | 0.75% |
Fees are generally negotiable.
Fee Estimator
Location
25 1st Ave Nw, Watertown, SD, 57201
Get directionsHistory
Regulatory History (3)
Regulatory
February 2024Regulatory
January 2024Employment Separation After Allegations
February 2022Other Business ActivitiesSells Insurance
Lee is a sole proprietor and licensed insurance agent selling non-variable insurance products through various carriers since January 2024. This activity requires minimal time during securities trading hours.
Employment History
Current Registrations
Midwest Financial Strategies
Previous Registrations
Fuse Partners, LLC
LPL Financial LLCBroker
AXA Advisors, LLC
AXA Advisors, LLCBroker
Edward JonesBroker
State Registrations3 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.