NextGen Financial Advice LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$8,787,740
This total excludes 2 entity clients. Entities are clients such as corporations, partnerships, or trusts.
Total clients
47
9% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
47
Average account size
$186,973
About
NextGen Financial Advice LLC is a state-registered investment adviser with roughly $8.8 million in assets under management that serves individuals, high‑net‑worth clients, small businesses, and non‑profit organizations with discretionary investment management and comprehensive financial planning. The firm also provides business‑focused consulting and implements retirement plan services, including participant education, while acting as a 3(21) investment advisor to plan sponsors.
The adviser’s investment process is guided by Modern Portfolio Theory, with a primary emphasis on passive, low‑cost index funds and ETFs and selective use of active managers where deemed appropriate; each engagement is built around an individualized investment policy statement. NGFA offers ongoing discretionary management, oversight of held‑away workplace accounts through a third‑party platform to avoid custody, and subscription and one‑time financial planning arrangements with periodic reviews.
What distinguishes the firm relative to many peers is its role as a wrap‑fee program sponsor and its work with corporate clients and pension/401(k) consulting—services that are uncommon among similar independent advisers. The brochure also discloses niche planning work, including special‑needs planning for families with children on the autism spectrum, and operational practices such as household aggregation for billing and use of Schwab Advisor Services and third‑party platforms for held‑away account management.
Client services
Financial planning
Portfolio management
Pension consulting
Expertise
Business ownership considerations
Retirement plans for business owners (SEP, solo 401k)
Cash flow / budgeting
Occupation focus
Founder/Business Owner
Fee options
Fixed financial planning fees ranging from $100 to $5,000 based on complexity and scope; half due upfront, remainder on completion.
$0 - $499,999: 1.20% $500,000 - $999,999: 1.10% $1,000,000 - $1,999,999: 0.95% $2,000,000 - $5,000,000: 0.85% $5,000,000+: 0.75%
Hourly financial planning fee of $200 per hour, billed in 15-minute increments with a $100 minimum for first 30 minutes.
Subscription financial planning services paid monthly and in arrears; monthly fees up to $5,000 annually; ongoing service with quarterly appointments.
Fee-only: Financial planning fees charged as fixed fees ($100-$5,000), hourly rates ($200/hour, billed in 15-min increments with $100 minimum), or subscription fees paid monthly (not to exceed $5,000/year). Discounts apply based on total advisory fees.
Main office location
NextGen Financial Advice LLC
Elko New Market MN, United States
Number of offices
1
Most active in
NextGen Financial Advice 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 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
Quick links
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