Business Description

We specialize in retirement planning and portfolio managment and design. We provide analysis and guidance to individuals and businesses in making investment decisions. EFS Financial Resources, LLC is an independent financial planning firm. This means that we are not captive to any one product or company. We represent many different companies in the areas of individual and group: investments, life insurance, health insurance, long-term care insurance, Medicare supplements, 401(k) rollovers, and retirement plans. After assessing a client's needs, we find the best product available in the market place based upon strength, performance, and service.

We believe that our reputation with our clients is our most valuable asset. We maintain high standards of both character and competence that allow us to partner with clients and cultivate long-term relationships. Our staff is genuinely caring and passionate about the success of our clients.

Our Company Mission Statement: To improve the quality of life of our clients, their families, and their communities by providing unparalleled solutions that focus on financial security.

Along with my partner, Sheri Fedson, we also work with individual and group health insurance. We are up to date on the recent changes(MSA's, HRA's, HSA's). and being independent, represent a number of carrier's in this complex area.

General Information

Gender:

Male

CRD#:

1620547

Firm CRD#:

115181

Insurance License#:

20000300

Name of Broker/Dealer:

National Planning Corporation

States Licensed in:

MN, IA, AZ, CA, CO, FL, MO, MT, OK, OR, RI, SD, WA, WI

States Willing to do Business in:

MN, IA, AZ, CA, CO, FL, MO, MT, OK, OR, RI, SD, WA, WI

Years of Experience in Financial Services:

Number of Years with Current Firm:

I work with the following types of clients:

Businesses, Individual Investors, Non-Profit Organizations

Education

Academic Background

BS Degree, Minnesota State University, Mankato

Services

Investment Types:

Annuities, Insurance, Commodities, Mutual Funds, Alternative Investments, Exchange Traded Funds (ETFs), Real Estate, Stocks, Bonds

Qualifications & Memberships

Certifications, Accreditations & Designations:

Insurance License (Life & Health; Long Term Care; Specify below)

Securities Licenses:

51, Series 24, Series 6, Series 22, Series 63, Series 65

Insurance and Annuity Licenses:

Health, Annuity, Variable Life, Variable Annuity, Disability, Life, Long Term Care

Non-Financial Organization Memberships:

Hospice volunteer, active member of the YMCA, Past President of the Mankato Golf Club, a Board member of SMILES (Southern Minnesota Independent Living Enterprises & Services, Inc.), and on the Board of Trustees at his church.

Firm Information

Number of Advisors in Office:

Up to 10 employees

I work with clients as part of a team:

Yes

Assets Managed by Firm:

Yes

Compliance

Registered Investment Advisor:

Yes

Registered Representative:

Yes

Investment Advisor Representative:

Yes

I am an acknowledged fiduciary:

Yes

Compliance Disclosures in Last 5 years:

I have a clean record

Criminal Disclosures in Last 5 years:

I have a clean record

Compensation & Fees

Minimum Portfolio Size for New Managed Accounts:

no minimum

Compensation Methods:

Commissions, Based on Assets

Fee % Based on Assets:

1.25

Hourly Rate:

125

Additional Details on Charges:

50,000 to 250,000 1.50%
250,001 to 500,000 1.25%
500,001 to 1,000,000 1.00%
1,000,001 up .75%

Prepared By:

Daniel Sherwin

Most Recent Update:

08/22/2008