New Generation Wealth Management, LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$0
Clients
88
0% high-net worth
Advisors
1
of 2 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
88
Very HighAverage account size
$0
About
New Generation Wealth Management, LLC provides fee-based financial planning and consulting primarily to individual clients and acts as a liaison to third-party investment managers rather than directly managing client assets. The firm offers comprehensive plan work that covers topics such as estate planning, taxes, qualified plans, retirement income, and college planning, and it also presents public seminars and workshops on investment topics.
The firm generally charges for planning on an hourly basis and refers clients to a preferred third-party manager for portfolio management, monitoring that manager’s performance and delivering the manager’s disclosure documents to clients. New Generation does not accept discretionary trading authority or custody client assets; instead it coordinates paperwork, reviews TPM statements, and receives ongoing referral fees from the manager it places clients with.
Distinctive features include the firm owner’s concurrent businesses in insurance and tax services and an affiliation with another investment adviser, which create multiple outside-business relationships that are disclosed and managed as potential conflicts. The firm’s reliance on a single sub-advisor for managed accounts, its educational seminar program, and its referral-based revenue model set it apart from peers that typically manage assets directly and charge percentage-of-assets fees.
Client services
Financial planning
Selection of other advisers
Educational seminars or workshops
Expertise
General tax planning
Retirement income strategy
College savings (529s, UTMA, etc.)
Fee options
$0+: 2.00% annually (Strategic Portfolios) $0+: 1.80% annually (Tactical Portfolios) $0+: 1.70% annually (Allocation & Defined Outcome Portfolios) $0+: 1.00% annually (Preservation Portfolios) $0+: 1.50% annually (Private Wealth Portfolios) $0+: $300 flat fee (Client Directed Accounts)
$295 per hour for financial planning services.
Fee-only: Financial planning hourly fee of $295 per hour.
Main office location
New Generation Wealth Management, LLC
508 Central Ave
Osseo MN 55369, United States
Number of offices
1
Most active in
New Generation Wealth Management, LLC has reported serving >5 clients in these states in the last 12 months.
Minnesota
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 active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Lawyer
They provide legal services, typically billed separately.
Is not active or affiliated with:
-
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
-
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Quick links
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