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Fiduciary Financial Advisors Minneapolis

Fiduciary Financial Advisor Minneapolis, MN
Work with a fee-only investment advisor and financial planner in Minnesota.

Stop Worrying about the Future

Have More Time for What You Love

Cultivate & Preserve Generational Wealth 

What are your financial goals?

Is your financial advisor helping you get there?

You deserve to have the best possible guidance when building and protecting your wealth and legacy.

At 360 Financial, we take the time to get to know you on a deeper level so that your financial plan and portfolio meets your needs.

Circumstances change.

Life can throw the unexpected at you.

During those times, your financial advisory team will be there to guide you so you stay on track with your goals.

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Financial Planning and Wealth Management in Minneapolis

At 360 Financial, we are fiduciary financial advisors, financial planners, and CFPs here to help you create your big picture plan.

Based in Wayzata, with clients in Minneapolis and across Minnesota and the U.S., we specialize in helping successful professionals and business owners move towards their big picture financial goals.

Does this sound like you?

  • You’re planning for retirement and want to get all your ducks in a row.

  • You want to ensure you leave a positive legacy.

  • Preserving generational wealth is important to you.

  • You don’t want to overpay your tax, so tax planning is important to you.

  • You’re concerned about having income flow in your old age.

  • You’re not trying to beat the market. But you do want to sleep well at night.

  • You want the guidance of an advisor who works in your best interest at all times.

  • Family and community are important to you.

  • You work hard and want to take care of what you’ve built.

  • If you’re a business owner, succession planning is on your to-do list.

Our Team of Experts + Your Vision & Values

30 Years of Experience

We know what it’s like to work hard and make sacrifices to give your family the best. We aim to work as hard as you do to ensure your family's financial future is protected. 
 

  • Over 30 years of experience as CFPs and financial advisors

  • $500 million in assets under management

How It Works

Top Financial Advisors in MN

At 360 Financial, we aim to take care of every single client like they’re our family.

As an independent firm with a team of eight qualified financial advisors our goal is to provide outstanding service and personalized big picture planning. We are fee-only fiduciary financial advisors who put your needs and goals first.

What Is Fee-Only Financial Planning?

A fee-only financial advisor doesn't sell you products in order to earn a commission.

There are no hidden fees. When working with a fee-only financial advisor you will pay a percentage of assets under management. This covers all the services provided by your advisory firm.

 

At 360, you receive comprehensive wealth management services, and you don’t have to worry about hidden costs.

What Are the Benefits of Working with a Fiduciary?

A fiduciary financial advisor has a legal obligation to act in your best interests at all times.

Not all financial planners or advisors are fiduciaries. Thus, when looking for a wealth management team, it’s important to check the designations your advisor has. 

One main benefit of working with a fiduciary is that you can sleep well at night knowing your advisor is always acting in your best interest. 

Financial Planning

Your personal financial plan is crucial to building a successful future.

Wealth Management

Holistic Wealth Management starts with your LifeWealth Plan.

Estate Planning

We guide you through this process in conjunction with your attorneys.

Small Business Wealth Management

We specialize in helping small business owners diversify and plan for succession.

Financial Planning for Business Owners & Entrepreneurs

We ensure your money is working hard and invested in line with your goals.

Accounting & CPA Services

Keep everything under one roof when you work with our CPA partner, Rapacki.

Financial Advisory Services

360's Big Picture Planning

Here's How It Works

Getting Started:

  1. Schedule a call with a 360 Financial advisor.

  2. Have a 15-minute fit call to ask questions.

  3. Meet for a more in-depth follow-up call with your advisor.

  4. Get started with your new financial advisor.

  5. We create a financial plan for you and begin optimizing your investments.

Mike Rogers, AIF®

President and Founder

Mike Rogers is the President and founder of Wayzata-based 360 Financial. As a fiduciary, he utilizes his 30+ years of experience to orchestrate and implement customized strategies.

Brian Bohnsack, AIF®

Senior Vice President

Brian Bohnsack is a financial advisor and the  Managing Principal of 360's Elk River Office. Brian has a wide range of experience in financial services, accounting, insurance, and management.

Dan Mahoney, CFP® 

Senior Vice President

Dan has been a financial advisor for over twenty-five years, specializing in financial planning. He draws on many years of experience at Paine Webber/UBS Wealth Management.

Jeff Thompson

Senior Vice President

Jeff brings 22 years of financial planning experience to his clients, specializing in full balance sheet financial planning, retirement planning, 401(k) Plans, and IRA rollovers.

Michael Urch, CFP®

Senior Wealth Manager

With over 10 years of experience, Michael advises his clients on all areas of wealth management. He graduated magna cum laude from Bethel University with a BA in economics and finance and a minor in mathematics.

Tom Whitnah

Senior Vice President

Tom has been providing financial and advisory services to clients for 32 years. Prior to joining 360, Tom was at Morgan Stanley Smith Barney. He takes pride in crafting an investment plan to fit in with his clients’ goals.

Will Grant, CFP® CPWA®

Wealth Advisor

As a Certified Financial Planner™ and Certified Private Wealth Advisor®, Will helps clients create their ideal life through values-based financial planning. His process is designed to pursue each client’s objective.

Ryan Trebil, CFA®

Senior Wealth Manager

With over 20 years experience, Ryan is a Chartered Financial Analyst® specializing in investment management strategies designed to build generational wealth for high-net-worth families. 

360's Advisory Team

Minneapolis Financial Advisors

Build and Preserve Your Wealth with Financial Advisors & Planners in Minnesota

All of 360 financial’s advisors with Certified Financial Planner (CFP) designations can build a complete financial plan for you.

Our services include the following:

  • Comprehensive and long-range wealth management and financial planning

  • Education planning and funding (college planning)

  • Risk management

  • Specialist referrals

  • Personal tax planning and strategies

  • Business tax planning and strategies

  • Retirement savings and planning

  • Retirement tax planning strategies

  • Implementing retirement plans – 401(k)s, SEP IRAs and SIMPLE IRAs

  • 403(b) rollover services

  • Estate and estate tax planning

  • Will and trust planning

  • Legacy planning

  • Generational wealth planning

  • Investment advice and management

  • Philanthropic planning and charitable giving

  • Retirement goals and planning

  • Business Owner Cash Flow Planning

  • Succession Planning

You are under no obligation to use the services of any of the outside professionals referred, and may choose any qualified professional to provide services. These entities and their services are not affiliated with LPL Financial and 360 Financial.

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Do you have an up-to-date financial plan?

Your financial plan is a step-by-step guide to help you pursue your goals.

A well-structured financial plan is crucial because it serves as a roadmap to your financial success.

 

It not only outlines your financial goals but also provides a strategic approach to reach them, factoring in your income, expenses, and lifestyle.

A robust financial plan goes beyond just managing your money.

It ensures your financial decisions align with your life objectives, enabling you to confidently navigate life’s uncertainties and build a secure future. Financial planning is one of the essential elements you need when building wealth and pursuing financial independence.

wealth management minneapolis - how our process works

What should you expect from a financial advisor?

  • You should expect a comprehensive financial plan that is updated at least annually

  • You should expect a financial advisor to reach out to you quarterly.

  • Your financial planning office should know you and your family and address any of your needs.
     

Your investment advisor should be your partner in pursuing your goals.

We believe that your investment advisor and financial planner should be working right beside you with your best interest at heart at all times. We believe that your financial advisor should be caring, open, and honest. They should give you a comprehensive plan by looking at your entire financial picture.

 

Finally, your financial advisor should meet with you annually to review your financial plan and investments and make changes as necessary.

Without a clear plan, you may be missing out on opportunities to protect your wealth and prepare for the future. 

 

Many people think that you have to have $100M in assets to have a wealth management team that looks out for your entire financial big picture. But that’s not the case.

It only takes one wrong financial move to wipe out an entire lifetime of wealth building.

What is the cost of not having a strong financial team?

We believe that a comprehensive financial plan and wealth management strategy is critical for financial security and peace of mind.

"Someone's sitting in the shade today because someone planted a tree a long time ago."

- Warren Buffett 

What to Look for in a Fiduciary Financial Advisor

CFP®

Certified financial planners (CFPs) are financial advisor trained in comprehensive financial planning, from retirement to estate planning. CFPs are fiduciaries and as such are bound by a strict code of ethics.

 

They have comprehensive knowledge about a range of financial topics and offer personalized financial plans.

AIF®

AIF stands for Accredited Investment Fiduciary. Financial advisors with the AIF designation have a fiduciary responsibility and deep knowledge of investment processes.

 

They understand optimal investment practices and are qualified to help individuals and businesses with complex investment management and wealth management needs.

CPWA®

CPWA stands for Certified Private Wealth Advisor. A CPWA is professional trained in the needs of high-net-worth individuals. They understand complex financial situations and can handle sophisticated investment and wealth planning needs.

Schedule a Call with a Financial Advisor

If you would like to work with a wealth management and financial planning team that cares about your future, please schedule a call with one of 360 Financial’s advisors.

About 360 Financial

Time in Business: Founded in 1995

Assets under management: $550M+
Account minimum: 360 does not

currently have an account minimum
Fee Structure: fee based

Team: Dedicated 25-person team of specialists 

360's LifeWealth Process

Our LifeWealth Plan helps you manage your goals by focusing on what you can control as you pursue your financial independence. We look at Family, Occupation, Recreation, and Money to build a plan for your unique goals.

360 Financial’s Locations in Minnesota

Fiduciary Financial Advisors in MN

360 Financial is located in Wayzata on Lake Street, just across from Wayzata Bay. We’re a 19-minute drive from Minneapolis and serve clients across Minnesota and the country. For our client’s convenience we are also happy to meet over the phone and via video call.

Driving Directions from Minneapolis to Wayzata

Driving from Minneapolis to Wayzata is straightforward as the two cities are only about 13 miles apart and connected by I-394. To get here:
 

  1. Start in Minneapolis, MN:
    Depending on your specific starting point, head towards I-394 W.

  2. Take I-394 W:
    Merge onto I-394 W via the ramp to US-12 W.
    Stay on I-394 W for about 10 miles.

  3. Take I-394 W:
    Merge onto I-394 W via the ramp to US-12 W.
    Stay on I-394 W for about 10 miles.

  4. Exit Toward Wayzata:
    Take the County Rd 101 N/Central Ave exit toward Wayzata.

  5. Arrive in Wayzata, MN:
    Once you take the exit, follow signs and local roads to reach your specific destination in Wayzata.

Regular non-fiduciary financial advisors are required to give you "suitable" recommendations.

But suitable advice isn't always the best advice. 

 

Speak with a fiduciary to find out what the best possible options are for your family's financial vision.

Many advisors at big banks and firms are not fiduciaries.

 

But does this really matter?

Is your advisor a fiduciary?

Schedule a 15-minute call with a 360 Financial advisor to find out if we're the right fit, how we can help you, and how the process works. 

Speak with a Fiduciary Financial Advisor

Get the best financial guidance for your exact situation and goals.

No more cookie-cutter solutions or high-cost products.

360 Financial FAQ

Many financial planners charge a 1% fee, which may not include the investment fees. Some underlying investments—such as certain mutual funds—within your portfolio may have costs over and above what you pay for financial advice.

What is a normal fee for a financial planner?

We charge assets under management (AUM) fee. Essentially that means we charge a fee on the assets that we manage. It’s a percentage of your account value. We are always transparent with our service and investment fees. And we believe that you should always ask your financial advisor about the all-in cost.

How do you charge? What is your cost structure?

The terms financial advisor and a financial planner are used interchangeably. We recommend that you work with a Certified Financial Planner that is a fiduciary in Minnesota.

What is the difference between a financial advisor and a financial planner?

You don’t need to bring anything to the first meeting. The first meeting is a conversation about your overall financial picture and your goals, so you don’t need to bring any paperwork.

What should I bring to my first meeting with you?

Mike Rogers, our founder and president, is part of LPL’s Chairman council which is awarded to less than 1% of advisors and based on annual production among LPL Advisors. LPL Financial is the largest brokerage firm in the nation with over 20,000 advisors, ss reported by Financial Planning magazine, 1996-2022, based on total revenue. LPL is the #1 Independent Broker/Dealer in the US1 and the #3 RIA Custodian in the US2.

Does your firm receive recognition for production?

Most of 360 Financials’s clients have a portfolios of $1M or greater. Typically, we work with clients with $1M or more in investable assets or the ability to get there. If a client is younger, and building wealth, we know they will be able to grow their wealth to have $1M or more in assets at retirement.

How much money do I need to have to work with you?

$550M + as of July 13, 2023.

What are 360’s assets under management?

At 360 Financial we have many CFPs in our office.

Are you certified financial planners?

Click below to schedule a Zoom meeting or phone call. Or email or call Emily at our main office. She will send you a scheduling link to choose a date and time that work best with your schedule. 

Schedule a 15-minute Call

How do I schedule a call or meeting?

Well, we like to think so. But you’ll have to be the judge of that. We encourage you to schedule a call below to meet with one of our team members. You’ll be asked questions and get a better feel for what makes 360 different and why we’re about to provide such excellent service to our clients.

Does 360 Financial have the best financial planners in Minnesota? 

* Rapacki & Co., and not affiliated with LPL Financial. Tax/accounting/CPA related services offered through Rapacki & Co. DBA 360 Financial Tax Strategies. Rapacki & Co. is a separate legal entity and not affiliated with LPL Financial. LPL Financial does not offer tax advice or Tax/accounting/CPA related services.

360's Client Testimonials

I want to thank you so much for getting back to me on my questions, etc. all these months!  You have been someone I could always count on to steer me in the right direction! 

Judy S.

This is an outstanding financial advisory group with great customer service. My parents used them for years. Their support at the times of the deaths was compassionate and invaluable.

Nancy N.

Thanks again for always being so nice and so helpful.  Who says customer service is dead? Not at 360 Financial!

Kathleen L.

Schedule a Call with a Fiduciary Financial Advisor

Schedule a 15-minute Introductory Call

Schedule a 15-minute Introductory Call