Wealth management has gotten complex. We have a unique process to make it simple.
Vector Wealth Management was established in 1993 as a nationally Registered Investment Advisory firm. Today we
manage over one billion dollars of client assets, providing personal guidance and a long-term, collaborative approach that
reflects our clients' unique needs. We have authored and developed multiple financial software applications, including
the proprietary SOJOURN® retirement income program.
Our clients include those retired, approaching retirement, corporate executives with complex stock plans, professionals
with high earning potential, and perhaps most uniquely-individuals with investment real estate.
Clients of Vector Wealth Management can benefit from the following defining characteristics:
- Fiduciary approach acting only and solely in the clients' interest
- Proprietary wealth planning software application, SOJOURN®
- Strategic, customized, tax efficient financial planning
- Collaborative team approach with strong client relationships as a centerpiece
- Disciplined investment process focusing on providing long-term liquidity, stability, and growth while managing
volatility
- Nearly three decades of guiding clients through life events with understanding knowledge and importantly the collective
wisdom gained from its clients
Ultimately, the firm seeks, through its proprietary application SOJOURN®, to help clients have an understanding and confidence around their financial lives that they have not experienced before.
Thomas Fee
Chairman
Tom Fee is a Principal and Managing Partner of Vector Wealth Management, which he founded in 1993. Tom began
his career in the industry with a firm that had managed his money for 15 years. Once there, he realized that the
services and processes were not as robust or client-centric as possible and involved a commission only structure. It appeared to Tom that he could best serve his clients by working with a firm that had a fee-based relationship with its clients; the result was Vector Wealth Management.
Tom has authored two separate financial applications for the financial services industry, one of which is widely
used throughout the United States by some of the largest financial firms. The second application is Vector's proprietary SOJOURN® system that the firm personalizes for each client.
Tom serves as a member of Vector's Investment Committee, which is responsible for security selection and client
portfolio allocations.
Tom has served on national advisory committees, spoken at national conferences, written and contributed several
articles, and is the wealth advisor spokesman for Today's Business Radio, which provides an educational forum for local businesses. He holds a Bachelor's degree in Finance from the University of Colorado.
Sharon Calhoun
Managing Director
Sharon Calhoun serves as a Principal and as a Senior Wealth Advisor at Vector Wealth Management. She also directs Vector's Advanced Planning Group, which develops client centered and integrated wealth management solutions.
Sharon Calhoun joined Vector Wealth Management in 2000. Her persistent attention to detail enables her to serve as both a Principal of the firm and the Director of the Advanced Planning group. Sharon's team is centrally responsible for the individualized preparation and maintenance of SOJOURN®, as well as retirement, estate, insurance, and tax planning.
Sharon has 17 years of experience in the financial industry. Prior to joining Vector, she worked as an Annuity Services Specialist with Minnesota Life (Securian) where she supervised a team of Annuity Service Technicians.
Sharon is a CERTIFIED FINANCIAL PLANNER™ professional, a Chartered Financial Consultant (ChFC®), an Accredited Investment Fiduciary (AIF®), and a licensed insurance agent.
Sharon holds a Bachelor's degree from Mankato State University and a Master's degree in Financial Services (MSFS).
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP® Board's initial and ongoing certification requirements.
Joseph Grochowski
Senior Wealth Advisor
Joe Grochowski serves as a Senior Wealth Advisor at Vector Wealth Management. He is also a member of Vector's Investment Committee, which is responsible for security selection, asset allocation, and investment due diligence.
Joe joined Vector Wealth Management in 2011. Prior to joining Vector, Joe worked with a Twin Cities bank as the Director of its Investment Services Department. Joe has been in the financial services industry since 2002.
Joe earned a Bachelor of Arts degree in Business Administration focused on Entrepreneurship from the University of St. Thomas.
Mr. Grochowski holds the following designations: CERTIFIED FINANCIAL PLANNER™ (CFP®) | Chartered Financial Consultant® (ChFC®) | Accredited Asset Management SpecialistSM (AAMS®)
He is also a member of the Financial Planning Association® of Minnesota.
Jason Ranallo
Director-Portfolio Mgmt
Jason Ranallo serves as Director of Portfolio Management at Vector Wealth Management. He directs Vector's Portfolio Management Group, which is responsible for developing strategies and monitoring short- and long-term portfolio allocation. He is also a member of Vector's Investment Committee, which is responsible for security selection, asset allocation, and investment due diligence.
Jason joined Vector Wealth Management in 2005. Prior to joining Vector, he worked with Piper Jaffray and Co. Jason has been in the financial services industry since 2003.
Jason earned a Bachelor of Business Administration degree focused on Finance and Marketing from the University of Minnesota - Duluth.
Mr. Ranallo holds the following designation: Chartered Financial Analyst (CFA®) | Jason is also a member of the CFA Society of Minnesota.
Jacob Ranallo
Portfolio Mgmt Group
Jacob Ranallo serves as a Portfolio Manager at Vector Wealth Management. He is also a member of Vector's Portfolio Management Group, which is responsible for developing strategies and monitoring short- and long-term portfolio allocation.
Jake joined Vector Wealth Management in 2011. Prior to joining Vector, Jake worked with Wells Fargo Home Mortgage as a Loan Specialist. Jake has been in the financial services industry since 2010.
Jake earned a Master of Business from the University of Minnesota, Carlson School of Management. He also holds a Bachelor of Arts degree in Accounting with a focus on Finance from St. John's University.
David Moser
Advanced Planning
David Moser serves as a Financial Planning Specialist at Vector Wealth Management. He is also a member of Vector's Advanced Planning Group, which develops client centered and integrated wealth management solutions.
David joined Vector Wealth Management in 2015. Prior to joining Vector, David worked with a Twin Cities financial firm as a Securities Trader. David has been in the financial services industry since 2010.
David earned a Bachelor of Arts degree in Business Administration focused on Financial Management from the University of St. Thomas.
Mr. Moser holds the following designations: CERTIFIED FINANCIAL PLANNER™ (CFP®)
Christopher Wagner
Advanced Planning
Chris Wagner serves as a Financial Planning Specialist at Vector Wealth Management. He is also a member of Vector's Advanced Planning Group , which develops client centered and integrated wealth management solutions.
Chris joined Vector Wealth Management in 2017. Prior to joining Vector , Chris worked with a Twin Cities investment advisory firm as a Financial Planning Assistant. Chris has been in the financial services industry since 2011.
Chris earned a Bachelor of Business Administration degree with a focus on Finance and Financial Planning from the University of Minnesota, Duluth.
Mr. Wagner holds the following designations: CERTIFIED FINANCIAL PLANNER™ (CFP®)
Suzanne Klapperich
Adv Plan/Client Services
Suzy Klapperich serves as Chief Compliance Officer at Vector Wealth Management. She is also a member of Vector's Advanced Planning Group, which develops client centered and integrated wealth management solutions.
Suzy joined Vector Wealth Management in 2015. Prior to joining Vector, Suzy worked with AdvisorNet Insurance as
an Account Executive. Suzy has been in the financial services industry since 1987.
Ms. Klapperich holds the following designations: Financial Paraplanner Qualified ProfessionalSM (FPQP®)
Kate Winton
Client Services
Kate Poley serves as Client Services Specialist at Vector Wealth Management. She is also a member of Vector's Client Services Group, which is responsible for the steady maintenance, documentation, and integrity of client accounts.
Kate joined Vector Wealth Management in 2017. Prior to joining Vector, Kate worked with Carlson Marketing Group as an Event Planner and with a food broker as an Executive Assistant. Kate has over 20 years of customer service experience.
Kate earned a Bachelor of Arts degree focused on Sociology from Connecticut College.
Jacob Fee
Internal Advisor Support
Jake Fee serves as a Financial Planning Specialist and internal support for advisors at Vector Wealth Management. He also is a member of Vector's Client Services Group, which is responsible for the steady maintenance, documentation, and integrity of client accounts.
Jake joined Vector Wealth Management in 2017. Prior to joining Vector, Jake worked with Faelon Partners as an intern. Jake has been in the financial services industry since 2015.
Jake earned a Bachelor of Arts degree in Finance from the University of St Thomas.
Mr. Fee holds the following designations: Financial Paraplanner Qualified ProfessionalSM (FPQP®)
Ezra Firkins
Communications
Ezra Firkins serves as the Communications Specialist at Vector Wealth Management. He directs Vector's Communications Group, which is responsible for communication platforms, engagement initiatives, and message continuity.
Ezra joined Vector Wealth Management in 2018. Prior to joining Vector, he worked with a Twin Cities clean energy finance consultancy. Ezra has been in the strategic communications industry since 2000.
Ezra earned a Bachelor of Arts degree in Journalism with a focus on Public Relations from the University of Minnesota -Twin Cities.
General Information |
| Firm Start Year: | 1993 | |
| No. of Employees: | 20-49 | |
| States Licensed in: | MN AZ CA FL IL LA NC ND PA TN TX WI |
| Advisory Services Provided: | Investment Advice & Management, Estate Planning & Trusts, Education Funding and Planning, Financial Planning for Businesses, Tax Advice and Services, Retirement Planning |
Qualifications & Memberships |
| Financial Organization Memberships: | American Institute of Certified Public Accountants (AICPA), Financial Planning Association (FPA), National Association of Personal Financial Advisors (NAPFA), National Association of Estate Planners & Councils (NAEPC) |
Firm Information |
| Firm's Number of Clients: | 900 |
| Assets Managed by Firm: | $1 Billion |
Compensation and Fees |
| Fee Structure: | Fee-Based |
| Fee % Based on Assets: | 1% or less |
| Additional Details on Charges: |
0.85% over $1 million; 0.75% over $3 million; 0.65% over $5 million |
FAQs |
Do you have a customer satisfaction or refund policy?Vector does not have a written refund, however our advisor agreement can be ended with 30 days notice by either party. Vector gauges customer satisfaction by our retention ratio. We are very proud to have a retention ratio of over 95% and, prior to merging a smaller firm into us this year, our average client tenure was 10.4 years. The majority of Vector's original client base continues to trust Vector as their primary Wealth Advisor and have offered to be references. |
Why should I choose you as my financial advisor?Members of the Vector Wealth Management team hold certifications including CERTIFIED FINANCIAL PLANNER professional, CFP® professional, CFA Charterholder, Certified Public Accountant (CPA), Chartered Financial Consultant (ChFC®), Masters Degree in Financial Services (MSFS), Accredited Investment Fiduciary (AIF®), Accredited Asset Management SpecialistSM (AAMS®), and Registered ParaplannerSM. We invite you to get to know the members of the Vector Wealth Management team. |
What are your qualifications? What is your education background?Vector Wealth Management adopts a team-based approach to financial services, recognizing that the best way to solve unique, complex financial challenges is to utilize multiple perspectives, resources, and areas of expertise.
You will receive services from:
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How do you charge for your services?In keeping with our commitment to supporting trust between us, Vector Wealth Management maintains a transparent fee structure. Unlike other firms in the industry that charge fees on a tiered schedule where the first assets are always charged at the higher rate for that tier, Vector's fee schedule charges ALL assets under management at th |
How are you compensated? How will I pay for your services?Vector team members are all paid on salary, with a potential modest discretionary year-end bonus based significantly on client satisfaction. We do not receive commissions on any products or services we provide to you. Vector as a firm does not receive any commissions or revenue streams from any of the investment products we utilize. Our core philosophy is to be free of conflicts of interest for individuals and free of conflicts of interest for our firm. As a Registered Investment Advisor (RIA), Vector Wealth Management has adopted the fiduciary standard, acting only and solely in our clients interest. Of all RIAs in the United States approximately only 1.5% are true fiduciaries. |
Disclosures |
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WiserAdvisor provides referrals to financial professionals. WiserAdvisor is not a current client of advisor or advisory services. Financial professionals pay cash compensation for these referrals, which creates the incentive for WiserAdvisor to make these referrals, resulting in a conflict of interest. https://www.vectorwealth.com/disclosure/ |
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Additional Detailed Disclosures |
Disclaimer |
| Vector Wealth Management is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. |
Registered Investment Advisor:
Yes
Investment Advisor Representative:
Yes
Acknowledged fiduciary:
Yes
| Mon. | 8:00 AM - 5:00 PM |
| Tue. | 8:00 AM - 5:00 PM |
| Wed. | 8:00 AM - 5:00 PM |
| Thu. | 8:00 AM - 5:00 PM |
| Fri. | 8:00 AM - 5:00 PM |
| Afton | Andover |
| Anoka | Bayport |
| Cedar | Champlin |
| Chanhassen | Chaska |
| Circle Pines | Cottage Grove |
| Dayton | Excelsior |
| Farmington | Forest Lake |
| Hamel | Hanover |
| Hopkins | Houlton |
| Hugo | Inver Grove Heights |
| Lake Elmo | Lakeland |
| Lakeville | Long Lake |
| Loretto | Maple Plain |
| Mendota | Minneapolis |
| Minnetonka | Mound |
| Newport | Osseo |
| Plymouth | Prior Lake |
| Rogers | Rosemount |
| Saint Paul | Saint Paul Park |
| Savage | Shakopee |
| South Saint Paul | Spring Park |
| Stillwater | Vermillion |
| Victoria | Wayzata |
| Willernie | Wyoming |
| Serve clients throughout the United States | |
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