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5 Stone Financial Group, LLC

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Client assets under management

$34,231,823

Clients

91

12% high-net worth

Advisors

2

of 3 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

More info

Clients per advisor

46

Typical

Average account size

$376,174

About

5 Stone Financial Group, LLC is a Minnesota-registered investment adviser that works with individual and high-net-worth clients (the firm reports two advisors, about 91 client relationships, and roughly $34.2 million in assets under management). It provides discretionary and non-discretionary portfolio management, written investment strategies, and financial planning and consulting services offered on project or subscription bases.

The firm describes an investment approach tailored to each client’s objectives, time horizon, and risk tolerance, using methods such as asset allocation, dollar-cost averaging, technical analysis, and both long- and short-term purchases; accounts are reviewed at least quarterly and more often if triggered by material events. 5 Stone notes that planning engagements can be billed hourly, fixed-fee, or on a subscription basis, and it advises ongoing consultation with tax professionals given potential tax implications of its strategies.

Compared with many peers, 5 Stone discloses that its investment advisers are also licensed insurance agents and may offer commissionable insurance products (the brochure notes this activity can consume up to 30% of their time and discloses the potential conflict of interest). The firm also documents providing educational seminars or workshops to clients and performs periodic due diligence on service providers that use artificial intelligence — features that are less common among comparable supported firms.

Client services

Financial planning Portfolio management Selection of other advisers Educational seminars or workshops

Expertise

Annuities

Fee options

Fixed

Fixed fees from $500 to $20,000 per project

Percentage

Maximum 2.00% annually

Project-based

$150–$250 per hour

Subscriptions

Subscription based financial planning fees, ongoing until cancelled, negotiable

Other

Fee-only: Hourly fees $150–$250 per hour; Fixed fees $500–$20,000 per project; Subscription fees available, negotiable

Main office location

5 Stone Financial Group, LLC

Champlin MN, United States

Number of offices

2

Most active in

More info

Minnesota · Texas

Disclosures

More info

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

More info

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

Facebook Website 763-290-1980

Advisors at this firm

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Ross W

Series 63, Series 65

Champlin, MN

5 Stone Financial Group, LLC

Ross Welte is a financial advisor with 20 years of industry experience, currently affiliated with 5 Stone Financial Group, LLC. He holds Series 63 and Series 65 designations and has worked at firms including Regal Investment Advisors, Regulus, Guardian Life Insurance, and Park Avenue Securities. In addition to advisory services, he is a licensed insurance agent offering insurance products to clients. 5 Stone Financial Group, LLC provides investment advisory and financial planning services to individuals and high net worth clients, employing a flexible investment approach that includes asset allocation, dollar-cost averaging, and both long- and short-term strategies. The firm offers both discretionary and non-discretionary portfolio management and provides ongoing financial planning options.

Annuities
user avatar

Drew E

Series 63, Series 65

Champlin, MN

5 Stone Financial Group, LLC

Drew Erickson is a financial advisor with 7 years of industry experience, currently with 5 Stone Financial Group, LLC. He holds Series 63 and Series 65 licenses and has worked previously at Guardian Life Insurance and Park Avenue Securities. Outside of his advisory role, Erickson serves as a co-head coach for a youth hockey association in Thief River Falls, Minnesota. 5 Stone Financial Group provides investment advisory and financial planning services to individuals and high net worth clients, employing a flexible investment approach that includes asset allocation, dollar-cost averaging, and both long- and short-term purchase strategies tailored to client risk tolerances and time horizons.

Annuities
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