Financial Advisor in Minneapolis, MN
For Minneapolis residents looking for a financial advisor, 360 Financial is a fee-based, fiduciary wealth management team serving clients throughout the Twin Cities metro. With offices in Wayzata and Elk River, their team of CFP professionals, CPAs, and specialists works together through a coordinated planning process to help clients pursue their long-term financial goals with clarity and intention.
Minneapolis is home to one of the most financially sophisticated populations in the Midwest. Major employers in healthcare, technology, finance, and professional services have produced a large class of high-income earners and business owners who have accumulated real wealth and need more than an off-the-shelf 401(k) and a target-date fund to make the most of it. If that describes your situation, a coordinated advisory team may be worth a conversation.
Why Minneapolis Residents Are Looking for a Different Kind of Financial Advisor
Most people in Minneapolis are not looking for someone to manage a portfolio. They have a portfolio. They are looking for a team that can coordinate their investments, their tax strategy, their retirement planning, and their estate planning into something that actually makes sense as a whole.
That is the core distinction between transactional financial services and comprehensive wealth management. The former treats each account and product separately. The latter builds a plan that connects all of it.
360 Financial's advisory work for Minneapolis clients typically spans:
Investment management: Portfolio construction designed to pursue your specific goals within your risk tolerance, time horizon, and cash flow needs
Retirement income planning: A strategy for the transition from saving to spending, including withdrawal sequencing, Social Security timing, and income sustainability
Tax planning coordination: Working alongside your CPA to seek decisions that aim to reduce your total tax burden over time, including at the Minnesota state level
Estate planning alignment: Working to align your accounts so they are titled and beneficiary-designated in ways that reflect your actual intentions and coordinate with your legal documents
Life transition guidance: Major financial transitions, including business sales, inheritances, divorce, and losing a spouse, require a level of planning that goes well beyond investment management alone
360 Financial organizes this work through their proprietary LifeWealth Process, a structured planning framework designed to treat your financial life as a whole rather than a collection of products and accounts.
What to Look for in a Minneapolis Financial Advisor
Minneapolis has no shortage of financial professionals. Understanding the differences between them is the first step toward choosing well.
The Fiduciary Standard
A fiduciary financial advisor is legally required to act in your best interest. This is not the universal standard in the industry. Many brokers and registered representatives operate under a suitability standard, which only requires that their recommendations be appropriate for a client, not that they be the best option available for that client.
360 Financial is a fiduciary firm. Every recommendation their advisors make is held to the best-interest standard.
How Advisors Charge for Their Services
How your advisor gets paid affects what they recommend. The main models:
Compensation Model | How It Works | Potential Conflict |
Fee-only | Client fees only; no commissions | Lowest conflict |
Fee-based | Primarily fees; may also earn some product commissions | Low when disclosed |
Commission-based | Earns commissions from selling financial products | Higher conflict potential |
360 Financial is fee-based and fiduciary. Their primary compensation is a percentage of assets under management, typically 1 to 1.25 percent annually. At $1 million in managed assets, that is approximately $10,000 to $12,500 per year.
Credentials That Matter
The CFP (Certified Financial Planner) designation requires coursework, examination, experience, and ongoing continuing education. For comprehensive financial planning work, it is one of the more meaningful credentials to look for.
360 Financial's team includes CFP professionals and CPAs who collaborate across investment management, tax planning, and estate planning coordination.
Verify Before You Commit
FINRA BrokerCheck at brokercheck.finra.org lets you look up any registered financial advisor's background, credentials, and disciplinary history. 360 Financial encourages every prospective client to do this as part of their due diligence.
Financial Planning Services for Minneapolis Clients
Retirement Planning
Minneapolis has a substantial population of late-career professionals who have spent decades in corporate, healthcare, and nonprofit roles building retirement savings, and who are now approaching the transition point where those savings become income. That transition is one of the most complex financial planning problems most families face.
For Minneapolis clients, 360 Financial's retirement planning work typically addresses:
Withdrawal sequencing: Which accounts to draw from first, in what order, and why the order matters for long-term tax exposure. Drawing from a traditional IRA versus a Roth account versus a taxable brokerage account has different tax implications in different situations.
Social Security strategy: The decision about when to file can span eight years (62 to 70) and represents one of the largest financial decisions in most people's retirement. The right answer depends on health, longevity expectations, a spouse's situation, and the overall income plan.
Healthcare before Medicare: For clients who retire before 65, the gap between employer health coverage and Medicare eligibility can cost $15,000 to $25,000 per person per year depending on plan selection and subsidy eligibility. Underestimating that number is one of the more common retirement planning mistakes.
Required minimum distributions: Traditional retirement accounts require mandatory distributions beginning at age 73. Managing those distributions in a way that does not push you into higher tax brackets requires planning that starts years earlier.
Minnesota Tax Planning
Minnesota's state tax code creates meaningful planning considerations for Minneapolis residents, and they differ materially from what federal tax planning alone would suggest.
Key points for Minneapolis clients:
Social Security: Minnesota taxes Social Security income, one of just 13 states that does. The impact on your overall income depends on your filing status and other income sources, but it is a factor that your retirement income plan should account for.
Capital gains: Minnesota taxes long-term capital gains as ordinary income. There is no preferential capital gains rate at the state level, which changes the calculus on certain investment decisions and business sale planning.
Minnesota estate tax: The state estate tax applies to estates above $3 million at rates from 10 to 16 percent. The federal exemption is currently $13.6 million. That gap means many Minneapolis families face a Minnesota estate tax without facing a federal one, particularly those with a combination of investment accounts, retirement accounts, real estate, and business interests.
Roth conversions: For Minneapolis clients with large traditional IRA or 401(k) balances, partial Roth conversions in lower-income years before Social Security and RMDs begin can be worth examining. The right approach requires modeling your income, bracket exposure, and long-term distribution picture.
Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year of conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. In addition, if you are required to take a required minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA.
Investment Management
360 Financial builds and manages investment portfolios as part of an integrated financial planning relationship. Your portfolio is designed around your full financial picture, including your goals, your timeline, your income needs, and your tax situation, rather than being built in isolation.
For Minneapolis clients who are in or near retirement, the portfolio design typically focuses on managing sequence-of-returns risk, maintaining appropriate liquidity for near-term distributions, and positioning for long-term growth without exposing retirement income to unnecessary volatility.
For clients in their peak earning years, the focus tends to be different: maximizing tax-advantaged contributions, managing concentration risk (particularly for those with significant employer stock or business equity), and seeking to align the portfolio with a long-term wealth plan rather than just short-term performance.
Estate Planning Coordination
For Minneapolis clients with meaningful estates, making sure your assets are structured to transfer the way you intend is an ongoing planning task, not a document signed once and forgotten. Beneficiary designations are updated, estate laws change, family circumstances shift.
360 Financial's team works alongside estate attorneys to coordinate the financial planning side: account titling, beneficiary designation review, trust funding, and charitable giving strategies. They do not draft legal documents, but they work with your legal professionals to pursue a coherent plan.
With Minnesota's $3 million estate tax threshold, families who have built wealth through a career, a business, and real estate accumulation often discover they have more estate tax exposure than they expected. Addressing it requires planning, not just documentation.
Business Owner Financial Planning
Minneapolis has a large and growing population of business owners, entrepreneurs, and professional practice owners who face financial planning challenges that employees typically do not. The most significant is concentration: most of a business owner's net worth is often tied up in a single illiquid asset.
For business owner clients, 360 Financial's work tends to address:
Business and personal financial integration: Building a comprehensive plan that accounts for the business's role in your financial picture, its risks, and the path to reducing your dependence on it over time
Tax-advantaged retirement plans: Business owners have access to contribution structures that can allow for substantially larger tax-deferred savings than a standard employee. Selecting the right plan type depends on the business's structure, cash flow, and employee situation.
Exit and transition planning: Whether you plan to sell your business, transition it to a family member, or bring in a partner, the timeline for planning is longer than most business owners expect. 360 Financial's team typically recommends beginning exit planning conversations at least five years before your intended transition. If the business cannot run without you for 90 days, its market value may not reflect what you think it is worth.
Life Transitions and Sudden Wealth
Minneapolis is home to significant populations of people navigating the kinds of financial transitions that require more than investment management. Business sales, substantial inheritances, divorce, and losing a spouse each create immediate and layered financial decisions.
For clients navigating sudden wealth, 360 Financial's general guidance reflects one of the more consistent principles in financial planning: do nothing major for 60 to 90 days. The decisions made under the initial emotional weight of a major financial transition are often the wrong ones. A coordinated advisory team can help you understand your options and work toward a thoughtful plan before committing to irreversible decisions.
The LifeWealth Process: How 360 Financial Works With Minneapolis Clients
360 Financial structures its client relationships around the LifeWealth Process, a proprietary planning framework that starts with a thorough discovery of your financial situation, your goals, and the decisions ahead of you. From that foundation, the team builds a comprehensive plan that integrates investment strategy, tax planning, retirement income design, and estate planning.
The process is ongoing. As your life changes, as tax laws evolve, and as your goals shift, the plan adapts. Clients work with the full team, which means the relationship is not dependent on a single advisor's continuity. The combined deep knowledge of CFP professionals, CPAs, and specialists is available throughout.
Frequently Asked Questions: Financial Advisor in Minneapolis, MN
Does 360 Financial serve Minneapolis clients?
Yes. While 360 Financial's offices are in Wayzata and Elk River, their team works with clients throughout the Twin Cities metro, including Minneapolis and the surrounding communities of Edina, Plymouth, Minnetonka, St. Louis Park, and the broader metro area.
What is the minimum investment to work with 360 Financial?
360 Financial typically works with clients who have $500,000 or more in investable assets. If you are approaching that threshold or navigating a transition that will bring you there, a free 15-minute intro call is still worthwhile.
What does 360 Financial charge?
Their primary fee is 1 to 1.25 percent of managed assets annually. At $1 million under management, that is approximately $10,000 to $12,500 per year. The team is fee-based and fiduciary.
What is the difference between fee-based and fee-only?
A fee-only advisor earns no commissions of any kind, only client fees. A fee-based advisor earns primarily from client fees but may also earn commissions on certain products. 360 Financial is fee-based. The more important distinction for most clients is the fiduciary standard: fee-based advisors who are fiduciaries are still legally required to act in your best interest.
How do I get started with 360 Financial?
Their team offers a free 15-minute introductory call with no commitment. You can schedule through their website at 360financial.net. It is an opportunity to describe your situation, ask questions about their approach, and determine whether there is a fit before committing to anything.
How do I verify a financial advisor's credentials and background?
Use FINRA BrokerCheck at brokercheck.finra.org. You can look up any registered advisor's credentials, employment history, and any disciplinary or regulatory history. It takes about two minutes and is a worthwhile step before any advisory relationship.
Ready to talk it through? Schedule a free 15-minute introductory call with the 360 Financial team.
At 360 Financial, every financial decision is understood as touching more than your bank account. It touches your family, your work, and how you spend your time. If you are looking for a financial advisor in Minneapolis or anywhere in the Twin Cities, their team is available for a free 15-minute introductory call.
The information in this material is not intended as authoritative guidance or tax or legal advice. Content is derived from sources believed to be accurate. LPL Financial makes no representation as to its completeness or accuracy.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.
A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 1/2 or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply.
