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 5 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.
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.
General Information |
| Insurance License#: | 50805 |
| States Licensed in: | MN,WI,IA,TX,AZ,CO,FL,MI |
| Number of Years with Current Firm: | 31 |
| 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 31 years. |
| Work with the following types of clients: | Businesses, Individual Investors |
| Foreign Languages Serviced: | English |
| Advisory Services Provided: | Financial Advice & Consulting, Investment Advice & Management, Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Planning for Individuals, Insurance Products & Annuities |
Services |
| Investment Types: | Mutual Funds, Stocks, Alternative Investments, Exchange Traded Funds (ETFs), Commodities, Insurance, Annuities, Bonds |
| Can meet clients in the following ways: | Your Home, Our Office, Your Office |
Qualifications & Memberships |
| Insurance and Annuity Licenses: | Accident, Disability, Health, Life, Variable Annuity, Long Term Care, Variable Life, Annuity |
Firm Information |
| Advisor's Number of Clients: | 740 |
| Advisor's Number of Managed Clients: | 372 |
| Assets Managed by Advisor: | $115,000,000 |
Compensation and Fees |
| Fee Structure: | Fee-Based |
| Minimum Portfolio Size for New Managed Accounts: | $100,000 |
| Compensation Methods: | Based on Assets, Commissions |
| Additional Details on Charges: | My fees are fully disclosed prior to engagement. |
Education |
| BS - Human Resource Management | Winona State University
- Winona, MN 08/1986-05/1990 |
Financial Services |
| 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. |
FAQs |
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. |
How do you charge for your services?I do not charge for consultations. |
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. |
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 |
Registered Representative:
Yes
Investment Advisor Representative:
Yes
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
| Mon. | 8:00 AM - 4:30 PM |
| Tue. | 8:00 AM - 4:30 PM |
| Wed. | 8:00 AM - 4:30 PM |
| Thu. | 8:00 AM - 4:30 PM |
| Fri. | 8:00 AM - 4:30 PM |
| MN | WI |
| IA | TX |
| AZ | CO |
| FL | MI |
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