Nepsis, Inc. logo

Nepsis, Inc.

Updated today

Client assets under management

$343,250,894

Clients

590

16% high-net worth

Advisors

15

of 37 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

39

Low

Average account size

$581,781

About

Nepsis, Inc. works with individual and high‑net‑worth clients as well as retirement accounts, charities, and other businesses, providing discretionary portfolio management, financial planning and consulting, and sub‑advisory services. The firm also markets research and educational offerings to other financial advisors, including portfolio analytics and speaking engagements.

Nepsis delivers investment management primarily through a wrap‑fee program with continuous supervision and periodic re‑optimization, and may use mutual funds, ETFs, variable products, separate account managers and unaffiliated sub‑advisors in client portfolios. The firm discloses the use of both long‑term and short‑term purchase strategies and conducts regular account reviews and quarterly reporting for managed accounts.

Compared with many peers, Nepsis sells subscription‑style research and analytics and charges for speaking and research services to other advisors, and it maintains affiliated businesses — Nepsis Insurance, Inc. and Nepsis Tax Solutions, LLC — that create referral and compensation arrangements disclosed in the brochure. The firm’s disclosures also describe related‑party investments and participation in tax‑credit transactions involving an outside company, and material changes tied to a company principal’s other business activities that clients should review.

Client services

Financial planning Portfolio management Educational seminars or workshops

Expertise

General retirement planning General estate planning guidance

Fee options

Fixed

Financial consulting fixed fee from $5,000 to a negotiable maximum

Percentage

$0 - $75,000: 0.20% of AUM $75,001 - $2,000,000: 0.12% of AUM $2,000,001+: 0.08% of AUM

Commissions

Insurance products (disability insurance, life insurance, annuities) sold by representatives in their separate capacity as insurance agents, earning commissions

Project-based

$250/hour for financial planning services

Subscriptions

Research & Analysis: $1,500 per year; Portfolio Analytics: $4,500 per year; Speaking Services: $1,000 per workshop, $400 per Kaplan University class

Other

Account minimum: $500,000 Minimum fee: Performance Reporting/Account Maintenance Fee: $21.25 quarterly per account Fee-only: Financial Planning hourly rate: $250/hour; Fixed fee consulting services range from $5,000 up to a negotiable maximum

Main office location

Nepsis, Inc.

Two Meridian Crossings, Suite 400

Minneapolis MN 55423, United States

Number of offices

4

Most active in

Arizona · California · Colorado · Florida · Hawaii · Idaho · Illinois · Indiana · Iowa · Louisiana · Minnesota · Nebraska · New York · North Carolina · Tennessee · Texas · Washington · Wisconsin

Disclosures

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

Business activities & affiliations

Advisors at this firm

user avatar

Charles E

CFP®, Series 63, Series 65

Temecula, CA

Nepsis, Inc.

Charles Etzweiler is a CFP®-certified financial advisor with 27 years of industry experience. He has been with Nepsis, Inc. since 2018 and previously worked at Thrivent Financial and Thrivent Investment Management. Etzweiler serves as a board member of Equipping Pastors International, an organization that trains pastors in foreign countries. Nepsis, Inc. provides discretionary portfolio management, financial planning, and consulting services to individual and high-net-worth clients, retirement accounts, charities, and businesses. The firm also offers research and educational products to other financial advisors and employs a wrap-fee investment approach with continuous supervision and periodic re-optimization.

General retirement planning General estate planning guidance
user avatar

Nathan D

Series 65

Minneapolis, MN

Nepsis, Inc.

Nathan Diercks is a financial advisor at Nepsis, Inc. in Minneapolis, MN, holding a Series 65 license with two years of industry experience. Prior to joining Nepsis in 2023, he worked at General Mills and Price Waterhouse Coopers, LLP. He is also a Certified Public Accountant and serves as a tax specialist at Nepsis Tax Solutions. Nepsis, Inc. serves individual and high-net-worth clients, retirement accounts, charities, and businesses, offering discretionary portfolio management, financial planning, consulting, and sub-advisory services. The firm also provides subscription-based research and educational services to other financial advisors.

General retirement planning General estate planning guidance
user avatar

Thomas S

Series 63, Series 65

Minneapolis, MN

Nepsis, Inc.

Thomas Schmid is a financial advisor at Nepsis, Inc. in Minneapolis, MN, holding Series 63 and Series 65 licenses with 15 years of industry experience. He has been with Nepsis Advisor Services, Inc. since 2013. Nepsis, Inc. serves individual and high-net-worth clients, retirement accounts, charities, and businesses by offering discretionary portfolio management, financial planning, consulting, and sub-advisory services. The firm also provides research and educational products to other financial advisors and uses a wrap-fee investment approach with continuous supervision and regular account reviews.

General retirement planning General estate planning guidance
user avatar

Malia H

Series 66

Minneapolis, MN

Nepsis, Inc.

Malia Haskins is a financial advisor at Nepsis, Inc. with 23 years of industry experience. She holds a Series 66 designation and has worked previously at RBC Capital Markets, LLC, LPL Financial LLC, and BMO Harris Private Bank. Nepsis, Inc. serves individual and high-net-worth clients, retirement accounts, charities, and businesses by providing discretionary portfolio management, financial planning, consulting, and sub-advisory services. The firm also offers research and educational products to other financial advisors, including portfolio analytics and speaking engagements.

General retirement planning General estate planning guidance
user avatar

David P

Series 63, Series 66

Minneapolis, MN

Nepsis, Inc.

David Paradise is a financial advisor at Nepsis, Inc. with seven years of industry experience. He holds Series 63 and Series 66 licenses and has worked previously at LPL Financial LLC and BMO Harris Financial Advisors, Inc. He is also a notary in Richfield, MN. Nepsis, Inc. serves individual and high-net-worth clients, retirement accounts, charities, and businesses by providing discretionary portfolio management, financial planning, and consulting services. The firm offers a wrap-fee investment management program and delivers research and educational products to other financial advisors.

General retirement planning General estate planning guidance
user avatar

Joshua E

Series 66

Minneapolis, MN

Nepsis, Inc.

Joshua Englund is a financial advisor at Nepsis, Inc. in Minneapolis, MN, with 12 years of industry experience. He holds a Series 66 designation and has been with Nepsis since 2015. Englund is also involved in insurance sales through Englund Enterprises, Inc., which he co-founded. Nepsis, Inc. serves individual and high-net-worth clients, retirement accounts, charities, and businesses by providing discretionary portfolio management, financial planning, consulting, and sub-advisory services. The firm offers investment management primarily through a wrap-fee program and also markets research and educational products to other financial advisors.

General retirement planning General estate planning guidance
user avatar

Robert L

Series 63, Series 66

Minneapolis, MN

Nepsis, Inc.

Robert Lewis is a financial advisor at Nepsis, Inc. in Minneapolis, MN, with 29 years of industry experience. He holds Series 63 and Series 66 designations and previously worked at BMO Harris Financial Advisors, Inc. from 2012 to 2018. Lewis also receives residual insurance renewal commissions as an outside business activity. Nepsis, Inc. serves individual and high-net-worth clients, retirement accounts, charities, and businesses by providing discretionary portfolio management, financial planning, consulting, and sub-advisory services. The firm offers investment management primarily through a wrap-fee program and also markets research and educational services to other financial advisors.

General retirement planning General estate planning guidance
user avatar

Kurt O

Series 63

Minneapolis, MN

Nepsis, Inc.

Kurt Obermiller is a financial advisor with Nepsis, Inc. in Minneapolis, MN, holding a Series 63 designation and 14 years of industry experience. His prior roles include positions at Heritage Wealth Management, Elite Investment Team, and Princor Financial Services Corporation. Outside of advisory work, he is involved in selling fixed insurance products such as traditional insurance, group benefits, health, medical supplement, long-term care, and disability insurance through various carriers. Nepsis, Inc. serves individual and high-net-worth clients, retirement accounts, charities, and businesses by providing discretionary portfolio management, financial planning, consulting, and sub-advisory services. The firm offers subscription-based research and educational products to other financial advisors and employs a wrap-fee investment management approach with continuous supervision and periodic re-optimization.

General retirement planning General estate planning guidance
user avatar

Matthew P

Series 65

Minneapolis, MN

Nepsis, Inc.

Matthew Pearson is a financial advisor at Nepsis, Inc. in Minneapolis, MN, holding a Series 65 designation with 10 years of industry experience. He has been with Nepsis since 2015. Nepsis, Inc. serves individual and high-net-worth clients, retirement accounts, charities, and businesses by providing discretionary portfolio management, financial planning, consulting, and sub-advisory services. The firm also offers research and educational products to other financial advisors, including portfolio analytics and speaking engagements.

General retirement planning General estate planning guidance
user avatar

Edward S

Series 63, Series 65

Minneapolis, MN

Nepsis, Inc.

Edward Stober is a financial advisor at Nepsis, Inc. in Minneapolis, MN, holding Series 63 and Series 65 licenses with 12 years of industry experience. He worked previously at Choreo, formerly RSM US Wealth Management LLC, for 11 years before joining Nepsis in 2024. Nepsis, Inc. serves individual and high-net-worth clients, retirement accounts, charities, and businesses by providing discretionary portfolio management, financial planning, consulting, and sub-advisory services. The firm also offers subscription-based research and educational products to other financial advisors, employing a wrap-fee investment approach with continuous supervision and regular account reviews.

General retirement planning General estate planning guidance
user avatar

Kevin D

Series 66

Minneapolis, MN

Nepsis, Inc.

Kevin Distad is a financial advisor at Nepsis, Inc. in Minneapolis, MN, holding a Series 66 designation with 16 years of industry experience. He has been with Nepsis since 2015. Nepsis, Inc. serves individual and high-net-worth clients, retirement accounts, charities, and businesses by providing discretionary portfolio management, financial planning, consulting, and sub-advisory services. The firm also offers research and educational products to other financial advisors, including portfolio analytics and speaking engagements.

General retirement planning General estate planning guidance
user avatar

Darryl C

Series 66

Seattle, WA

Nepsis, Inc.

Darryl Chouinard is a financial advisor at Nepsis, Inc. with 21 years of industry experience. He holds the Series 66 designation and has worked at several firms, including Heritage Wealth Management and Elite Investment Team. Outside of his advisory role, he serves as CEO of Innovative Income Consulting, a business focused on consulting with CPAs and attorneys to enhance client relationships. Nepsis, Inc. provides discretionary portfolio management, financial planning, and consulting services to individual and high-net-worth clients, as well as retirement accounts, charities, and businesses. The firm offers investment management primarily through a wrap-fee program and also markets research and educational services to other financial advisors.

General retirement planning General estate planning guidance
user avatar

Craig G

CFA®, Series 66

Chapel Hill, NC

Nepsis, Inc.

Craig Golden is a CFA® charterholder and holds a Series 66 license, with four years of industry experience. He is currently with Nepsis, Inc., where he has worked since 2023, following prior roles at Northwestern Mutual Wealth Management Company, Thrivent Financial, and First Citizens Bank and Trust Company. Golden also has experience with nonprofit outreach through Summit Church Campus Outreach Raleigh. Nepsis, Inc. serves individual and high-net-worth clients, retirement accounts, charities, and businesses by providing discretionary portfolio management, financial planning, and sub-advisory services. The firm offers investment management primarily through a wrap-fee program and supports other financial advisors with subscription-based research, analytics, and speaking engagements.

General retirement planning General estate planning guidance
user avatar

Mark P

Series 63, Series 65

Minneapolis, MN

Nepsis, Inc.

Mark Pearson is a financial advisor with Nepsis, Inc. in Minneapolis, MN, holding Series 63 and Series 65 licenses and 18 years of industry experience. He has worked with Nepsis Advisor Services since 2014 and has been associated with Nepsis, Inc. since 2006. Outside of his advisory role, he serves as CEO of Nepsis Insurance Services, LLC, an insurance agency. Nepsis, Inc. serves individual and high-net-worth clients, retirement accounts, charities, and businesses by providing discretionary portfolio management, financial planning, consulting, and sub-advisory services. The firm also offers research and educational products to other financial advisors, utilizing a wrap-fee program with continuous supervision and a mix of investment vehicles in client portfolios.

General retirement planning General estate planning guidance
user avatar

David C

CFP®, Series 65

Minneapolis, MN

Nepsis, Inc.

David Christianson is a CFP® and holds a Series 65 license with nine years of industry experience. He has worked at Nepsis, Inc. since 2020 and previously held roles at CliftonLarsonAllen Wealth Advisors, LLC and JNBA Financial Advisors. He also has experience at the University of Minnesota. Nepsis, Inc. serves individual and high-net-worth clients, retirement accounts, charities, and businesses by providing discretionary portfolio management, financial planning, consulting, and sub-advisory services. The firm offers subscription-style research and educational products to other financial advisors and employs a wrap-fee investment approach with continuous supervision and periodic re-optimization.

General retirement planning General estate planning guidance
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