VETTED

Steven Farrell

Q: Why should I choose you as my financial advisor?

There are many reasons why people decide to use one Advisor or another but in my experience it comes down to trust and personality. I put my client first and I believe that each persons situation is unique to them. I understand that it is not my money but the clients, so we invest according to the risk/reward profile of each client. I always answer calls and emails as timely as possible. I believe my experience of 32 years in the industry has helped me understand and experience enough to help most people. In addition to my experience I have a team of people able to help and service my clients if needed. I have also added my son Benjamin to my team in 2019 who graduated from the University of Minnesota Duluth with a Financial Planning Major. I did this to provide continuity for all of my clients from now until a long time into the future.

Q: How do you charge for your services?

I do not charge for consultations.

Q: What services do you provide? What are your specialties?

I provide various services from Managed money to individual securities and Insurance products. We also can do financial planning as well.

CMFC^®, PPC

Tel: 507-535-3542 2774 Commerce Drive NW Suite A Rochester, MN 55901

About Steven Farrell

Steve Farrell is the Owner/President of Prinvest Advisors. Along with himself, there are 4 other Financial Advisors and 2 staff members to serve clients now and in the future. As a Wealth Advisor, Steve's mission is to help people get more out of their money and take some of the guesswork out of investing and to help manage financial risks.

Steve started his career as a Financial Consultant in August of 1992 after graduating from Winona State University with a BS degree. He has always had the desire to help people attain their financial goals such as retirement, college funding and insurance. Steve has his Series 7 and Series 66 Securities Licenses along with a Life & Health Insurance License. He has continued his education and credentials by earning the Chartered Mutual Fund Counselor (CMFC^®) and the Professional Plan Consultant (PPC) designations. The CMFC^® designation encompasses all aspects of mutual funds and their uses as investment vehicles. The PPC designation signifies a commitment to education and service excellence in the qualified plan industry (401k's).

Steve and his wife, Caroline, currently reside in Pine Island, MN with their golden retrievers Lacey and new puppy Remi. They are proud parents of 3 grown children and 6 grandchildren. They love spending time with family and friends, especially at their lake cabin. Steve has always had a love of sports whether that is playing or watching. Some may say he is very competitive! Whether it is friends, family or clients Steve wants what's best for them and will strive to help in any way possible for them to achieve their goals.

About LPL

We are a group of LPL Financial Advisors that are dedicated to helping clients pursue their financial goals & objectives. Prinvest Advisors was formed by Levi Befort & Steve Farrell with the clear purpose of bringing clarity & confidence to our clients lives by focusing in on their financial situations. By joining forces with other associates, we are able to offer you the breadth of knowledge gleaned from our combined experience of 75 years!

We recognize that everyone's financial situation is unique and we believe that a strong, personalized relationship drives the foundation for creating comprehensive financial plans based on your goals, your time frame and your tolerance to risk. We pride ourselves on developing life-long relationships with our clients & families while striving to provide them with the highest levels of service & support. We will be there to help you each step of the way in the pursuit of your personal financial goals.

See Disclosures

General Information

Insurance License#:

50805

States Licensed in:

AZ, CO, FL, IA, IN, MI, MN, NC, TX, WI

Communities served:

AZ, CO, FL, IA, IN, MI, MN, NC, TX, WI

Number of Years with Current Firm:

Work Experience:

I started in the investment business with Waddell & Reed in 1992 and then LPL Financial bought Waddell & Reed so I have been in the same company because of the purchase for 33 years.

Work with the following types of clients:

Businesses, Individual Investors

Foreign Languages Serviced:

English

Advisory Services Provided:

Financial Advice & Consulting, Investment Advice & Management, Insurance Products & Annuities, Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Education Funding and Planning, Financial Planning for Individuals, Risk Management

Qualifications & Memberships

Insurance and Annuity Licenses:

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

Services

Investment Types:

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

Can meet clients in the following ways:

Phone, Our Office, Your Home, Video Conference, Your Office

Compensation and Fees

Fee Structure:

Fee-Based

Minimum Portfolio Size for New Managed Accounts:

$100,000

Compensation Methods:

Commissions, Based on Assets, Flat Fee

Additional Details on Charges:

My fees are fully disclosed prior to engagement.

Firm Information

Advisor's Number of Clients:

740

Advisor's Number of Managed Clients:

372

Total Assets Under Management by Advisor:

$115,000,000

Preferred meeting methods

I provide a free initial consultation:

Yes

Education

BS - Human Resource Management:

Winona State University - Winona, MN

08/1986 - 05/1990

Financial Planning for Individuals

We would use Financial Planning to keep current and on track with your financial goals.

Portfolio Management

I use active management and Investment models for most of my clients. I will tailor the products used to best serve you. I also will look at ways to help save you taxes as well.

Retirement Planning

I look at all phases of retirement. The accumulation phase into the distribution phase of life. There is also a final distribution of your estate to your beneficiaries. We will make a plan suited just for you.

401K Rollovers

Educating you on your choices and what makes sense for you going forward.

Annuities

Sometimes these are used to guarantee income or a certain outcome down the road. Each person and each product are different so I like to know what a persons goals and dreams are before I ever look at specific products.

Wealth Management

I look at your Risk/Reward of your current portfolio and try to compare and contrast that with other options. This is a consultation to make sure you know the amount of risk you are currently taking and what the outcomes may look like.

Risk Management

I try to help cover any unexpected event to make sure your goals are still achieved for you and your family.

Why should I choose you as my financial advisor?

How do you charge for your services?

What services do you provide? What are your specialties?

Disclosures

WiserAdvisor provides referrals to financial professionals of LPL Financial, LLC (LPL). WiserAdvisor is not a current client of LPL for brokerage or advisory services. Financial professionals of LPL pay WiserAdvisor cash compensation for these referrals, which creates the incentive for WiserAdvisor to make these referrals, resulting in a conflict of interest.

LPL ADV 2A

https://www.lpl.com/content/dam/lpl-www/documents/disclosures/A58.pdf

Additional Detailed Disclosures

https://www.lpl.com/content/dam/edam/format/disclosure/wiseradvisor-lpl-detailed-disclosures.pdf

Disclaimer

Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC

34 Years of Experience

CRD# 2190514 Firm CRD# 6413Insurance License# 50805Series: 66, 7

Compliance

Registered RepresentativeYes

Investment Advisor RepresentativeYes

Acknowledged fiduciaryYes