What are some popular wealth management services?

Wealth management services provided by a wealth manager in Minnetonka, MN are comprehensive and tailored to individual needs. The manager can assist with investment planning, retirement planning, tax planning, estate planning, and risk management. Minnetonka, MN, located in Hennepin County, is known for its affluent neighborhoods and high median household income. As such, wealth managers in Minnetonka are experienced in working with high net worth clients and have a deep understanding of the unique financial needs of the community. With their burstiness and complexity, these services can help clients navigate the complex world of finance and achieve their financial goals.

What are people saying about wealth management services in Minnetonka, MN?

Minnetonka, MN is the perfect place to find a wealth manager due to its thriving economy and robust financial services industry. The city's proximity to Minneapolis, one of the largest financial hubs in the country, makes it an ideal location for wealth management firms to set up shop. Additionally, Minnetonka boasts a highly educated population with a median household income well above the national average. This means that residents of Minnetonka are likely to have complex financial needs that require the expertise of a skilled wealth manager. With a wealth of financial resources and a community of financially savvy individuals, Minnetonka is the ultimate destination for anyone seeking expert financial advice and management.

What does a wealth manager do?

A wealth manager in Minnetonka, MN is responsible for providing personalized investment and financial planning services to affluent individuals and families in the area. Minnetonka, MN is a city located in Hennepin County, known for its affluent neighborhoods, natural beauty, and thriving business community. The wealth manager uses their expertise to help clients navigate the complex world of finance and investment, creating customized plans that align with their unique goals and objectives. They analyze market trends, assess risk, and provide guidance on asset allocation, retirement planning, tax planning, and estate planning. With their deep knowledge of the financial landscape and local market conditions, they help clients make informed decisions that can lead to long-term financial success. In Minnetonka, MN, where the economy is thriving, a wealth manager can play a crucial role in helping clients preserve and grow their wealth for generations to come.

When should you get a wealth manager?

Minnetonka, MN residents should consider reaching out to a wealth manager when they are looking to maximize their financial potential and secure their financial future. As a thriving suburb of Minneapolis, Minnetonka is home to many successful professionals and entrepreneurs who may have complex financial needs. A wealth manager can provide expert guidance on investment strategies, retirement planning, tax planning, and estate planning, among other areas. With its proximity to Lake Minnetonka and the Twin Cities, residents may also have unique opportunities for real estate investments or business ventures that require specialized financial planning. By working with a wealth manager, Minnetonka residents can feel confident that their financial goals are being met and their wealth is being managed in a strategic and effective manner.

How do I choose the right wealth manager?

A wealth manager in Minnetonka, MN must possess a diverse set of qualities to cater to the unique needs of their clients. Firstly, they must have exceptional communication skills to effectively understand and articulate their client's financial goals and concerns. Additionally, they must have a deep understanding of the local market trends and regulations specific to Minnetonka, MN, as this can greatly impact their client's investments. Furthermore, a wealth manager must possess a strong analytical mindset to evaluate the risks and opportunities of various investment options available to their clients. They must also have a keen eye for detail to ensure that their client's financial portfolios are managed efficiently and effectively. Lastly, a wealth manager in Minnetonka, MN must have a strong ethical compass and prioritize their client's best interests above all else.

What are the best wealth management firms in Minnetonka, MN?

Minnetonka, MN is home to some of the top wealth management firms in the region. These firms offer a wide range of services to their clients, including investment management, financial planning, and estate planning. What sets these firms apart from others in the industry is their deep understanding of the local market and the unique challenges that come with managing wealth in this area. With its thriving business community and strong economy, Minnetonka is a hub of activity for wealth management firms, and these firms have built a reputation for excellence in their field. Whether you are a high net worth individual or a small business owner, you can trust that these firms will provide you with the expertise and guidance you need to achieve your financial goals.

How do wealth managers get paid?

Wealth managers in Minnetonka, MN are compensated in a variety of ways. One common method is through fees based on a percentage of the assets under management. This incentivizes the wealth manager to grow their clients' portfolios as the more assets they manage, the more they earn. Another way wealth managers in Minnetonka, MN get compensated is through commissions on financial products they sell to their clients. However, it is important to note that this compensation structure can create conflicts of interest as the wealth manager may prioritize selling certain products over others to earn a higher commission. Additionally, some wealth managers in Minnetonka, MN may charge hourly or flat fees for their services. It's worth noting that Minnetonka, MN is a wealthy suburb of Minneapolis with a median household income of over $100,000, so wealth managers in this area may have a higher client base with larger portfolios to manage.

Find the Best Wealth Management Services in Minnetonka, MN

Connect With a Wealth Manager

List of Firms

Minnetonka, MN Wealth Management Firms

Marks Group Wealth Management

SEC File# 801-69685

CRD# 148679

4350 Baker Rd #245, Minnetonka, MN 55343, USA

(952) 582-6100

https://marksgroup.com/

Monday: 8:30 AM – 4:30 PM Tuesday: 8:30 AM – 4:30 PM Wednesday: 8:30 AM – 4:30 PM Thursday: 8:30 AM – 4:30 PM Friday: 8:30 AM – 3:30 PM Saturday: Closed Sunday: Closed

Directions

Northwestern Mutual Wealth Management Company :Brian R Kelly

601 Carlson Pkwy Suite 1200, Minnetonka, MN 55305, USA

(952) 224-7956

http://www.briankelly-nm.com/

Directions

LifeStage Wealth Management

3 out of 5

11100 Wayzata Blvd, Minnetonka, MN 55305, USA

(763) 542-8884

http://www.lifestagewealth.com/

Directions

Mark Cheeley - Private Wealth Advisor, Ameriprise Financial Services, LLC

5 out of 5

10159 Wayzata Blvd Ste 200, Minnetonka, MN 55305, USA

(952) 449-6693

https://www.ameripriseadvisors.com/mark.d.cheeley/?cid=IP_local_google

Directions

Hemingway Wealth Management, LLC

14550 Excelsior Blvd, Minnetonka, MN 55345, USA

(952) 232-0230

http://www.hemingwaywealth.com/

Directions

Joe Kuehn - RBC Wealth Management Financial Advisor

601 Carlson Pkwy Suite 500, Minnetonka, MN 55305, USA

(952) 476-3735

https://us.rbcwealthmanagement.com/joe.kuehn?utm_source=GMB&utm_medium=Yext

Directions

Chad D. Shilson - RBC Wealth Management Financial Advisor

601 Carlson Pkwy Suite 500, Minnetonka, MN 55305, USA

(952) 476-3737

https://us.rbcwealthmanagement.com/chad.shilson?utm_source=GMB&utm_medium=Yext

Directions

Tondryk Wealth Management

5 out of 5

17601 MN-7 #100, Minnetonka, MN 55345, USA

(952) 401-1671

http://www.myinvestingcoach.com/

Directions

Where Wealth Management Advisors in Minnetonka, MN Serve

Minnetonka, MN is a bustling city in the heart of Minnesota, boasting a diverse array of landmarks, top employers, major highways and streets, and neighborhoods that make it a top destination for residents and tourists alike. From the iconic Minnehaha Creek to the sprawling Ridgedale Center shopping mall, there's no shortage of things to see and do in this vibrant community. When it comes to top employers, Minnetonka is home to some of the biggest names in business, including UnitedHealth Group, Cargill, and Target. These companies provide jobs for thousands of residents, helping to keep the local economy strong and vibrant. In terms of major highways and streets, Minnetonka is well-connected to the rest of the state and beyond, with easy access to I-494, I-394, and US-169. This makes it a popular destination for commuters and travelers alike, who can easily get to and from the city with ease.

Nearby Locations

Albert Lea, MN Anoka County, MN Apple Valley, MN Arden Hills, MN Bloomington, MN Buffalo, MN Cambridge, MN Carver County, MN

Services Provided by Wealth Management Companies

Banks and Credit Unions

As a suburban city located in Hennepin County, Minnesota, Minnetonka is home to a diverse population that relies heavily on the services of banks. One of the most common ways that residents of Minnetonka can be helped by a bank is through the provision of home loans. With a median home value of $447,000, Minnetonka is an expensive place to live, and many residents require financial assistance to purchase a home. Banks in Minnetonka offer a variety of home loan options, including fixed-rate mortgages, adjustable-rate mortgages, and jumbo loans, to help residents secure the funding they need to buy a home. Additionally, banks in Minnetonka offer a range of other financial services, such as checking and savings accounts, credit cards, and investment accounts, to help residents manage their finances and plan for the future.

Insurance Broker

Residents of Minnetonka, MN can benefit greatly from the services of an insurance broker. With its thriving economy and growing population, Minnetonka is an ideal place to live and work. However, with this growth comes increased risks and uncertainties, making it essential for residents to have adequate insurance coverage. An experienced insurance broker can help residents navigate the complex world of insurance, providing tailored solutions to meet their needs. From home and auto insurance to health and life insurance, an insurance broker can help residents find the best policies at the most competitive rates. With a deep understanding of the local market and the unique risks faced by residents of Minnetonka, an insurance broker can provide invaluable guidance and support, ensuring that residents are protected against the unexpected.

Retirement Planning

Residents of Minnetonka, MN could greatly benefit from the services of a retirement planner. Specifically, a retirement planner could assist with navigating the unique tax laws and regulations in Minnesota, which can be complex and overwhelming for many individuals. Additionally, a retirement planner could provide guidance on how to maximize Social Security benefits, which is especially important for those living in Minnetonka where the cost of living is higher than the national average. Furthermore, a retirement planner could help residents create a comprehensive financial plan that takes into account their specific goals and needs, such as saving for healthcare expenses or leaving a legacy for their loved ones. With the help of a retirement planner, residents of Minnetonka can feel confident and secure in their financial future.

Financial Advisor

Residents of Minnetonka, MN could greatly benefit from the expertise of a financial advisor in several ways. With its high median household income and affluent population, Minnetonka offers a unique set of financial challenges and opportunities. A financial advisor can assist in developing a personalized investment strategy that takes into account the specific needs and goals of the client. Additionally, with the city's proximity to the Twin Cities and its thriving business community, a financial advisor can provide guidance on navigating the intricacies of corporate finance and tax planning. Furthermore, with the cost of living in Minnetonka being higher than the national average, a financial advisor can help residents manage their expenses and plan for long-term financial stability. In short, a financial advisor can provide invaluable assistance to residents of Minnetonka in navigating the complexities of personal and corporate finance, and help them achieve their financial goals.

Mortgage Loan Officer

Residents of Minnetonka, MN can benefit greatly from the expertise of a mortgage loan officer. These professionals can help residents navigate the complex world of home financing, ensuring that they secure the best possible loan for their unique needs and circumstances. With the high cost of living in Minnetonka, it can be challenging for residents to afford a home without assistance. A mortgage loan officer can help residents understand the various loan options available to them, including government-backed loans and conventional mortgages. They can also assist with the application process, helping residents gather the necessary documentation and ensuring that they meet all eligibility requirements. Additionally, mortgage loan officers can provide guidance on managing debt and improving credit scores, which can be particularly helpful for residents in Minnetonka, where the cost of living is higher than the national average. Overall, working with a mortgage loan officer can be a valuable investment for any resident of Minnetonka looking to purchase a home.

Tax Services

Residents of Minnetonka, MN can benefit greatly from the services of a tax advisor. With a population of over 54,000, Minnetonka is a thriving community with a diverse range of taxpayers. A tax advisor can help residents navigate the complex tax laws and regulations specific to Minnesota, including state and local income taxes, property taxes, and sales taxes. Additionally, Minnetonka is home to many small business owners who may require assistance with tax planning, bookkeeping, and payroll services. A tax advisor can also provide guidance on tax-saving strategies, such as deductions and credits, that can help residents keep more of their hard-earned money. With the recent changes to federal tax laws, a tax advisor can help Minnetonka residents stay up-to-date on the latest tax regulations and ensure compliance with all tax requirements. Overall, a tax advisor can provide invaluable support to Minnetonka residents in navigating the complex world of taxes and maximizing their financial well-being.

Estate Planning Lawyer

Residents of Minnetonka, MN can benefit from the services of an estate planning lawyer in a number of ways. One of the most common ways is through the creation of a will or trust. This is particularly important in Minnetonka, where the median home value is over $400,000, and many residents have significant assets that they want to pass on to their heirs. An estate planning lawyer can help ensure that these assets are distributed according to the individual's wishes, and can also provide guidance on minimizing taxes and other expenses. Additionally, an estate planning lawyer can assist with healthcare directives and powers of attorney, which are important documents that can help ensure that an individual's medical and financial affairs are managed in the event of incapacity. Overall, an estate planning lawyer can provide peace of mind and help protect the interests of Minnetonka residents and their families.

FREQUENTLY ASKED QUESTIONS