Drost Financial
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$42,674,889
Total clients
70
19% high-net worth
Total advisors
1
of 2 employees
Firm size
Supported
1-3 advisors or $200M+ in AUM
Average clients per advisor
70
Average account size
$609,641
About
Drost Financial is a state-registered advisory firm that provides discretionary investment management and ongoing comprehensive financial planning to individuals, high-net-worth households, young families, and corporate executives. The firm manages approximately $42.7 million for about 70 clients and develops personalized investment policy statements to guide portfolio construction and implementation.
The firm’s investment approach blends fundamental company analysis with modern portfolio theory, using both active and passive vehicles and considering asset-allocation, correlation, and smart/strategic beta factors when selecting funds and individual securities. Portfolios are supervised against client objectives and risk tolerances, with written financial plans, periodic reviews, and the ability for clients to impose reasonable investment restrictions.
Noteworthy for a firm of its size, Drost Financial offers a subscription-style ongoing financial planning service in addition to typical AUM-based management and does not recommend outside managers or accept third-party product compensation. The firm is a single-advisor practice whose principal maintains a separate non-investment business and expects to allocate a portion of professional time to that venture, a factor prospective clients may consider when assessing advisor availability and oversight.
Client services
Financial planning
Portfolio management
Expertise
General retirement planning
Cash flow / budgeting
College savings (529s, UTMA, etc.)
Active portfolio management
Occupation focus
Executive
Founder/Business Owner
Demographic focus
Young Families
Fee options
Ongoing Comprehensive Financial Planning has an upfront fee from $1,200 to $10,000 plus ongoing monthly fees up to $10,000 per month; fees are negotiable based on complexity and client needs.
up to 2.00% annually (negotiable, not to exceed 2%)
Account minimum: $250,000 (may be waived at the firm's discretion)
Main office location
Drost Financial
Ham Lake MN, United States
Number of offices
1
Most active in
Drost Financial has reported serving >5 clients in these states in the last 12 months.
Minnesota · Texas · Wisconsin
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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