Shockman Financial
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$35,918,770
Clients
121
13% 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
121
Very HighAverage account size
$296,849
About
Shockman Financial provides wealth management, personalized financial planning, and investment management to individuals (including high‑net‑worth clients) as well as retirement and profit‑sharing plans, trusts, estates, charitable organizations, and corporations. The firm also offers consulting services and assists clients in selecting and monitoring third‑party money managers.
Portfolios are tailored to each client’s goals and the firm typically manages accounts on a discretionary basis with ongoing supervision and periodic rebalancing, drawing on both fundamental and technical analysis. Investment advice spans mutual funds, ETFs, exchange‑listed securities and options strategies (including covered calls), and the firm uses a third‑party linking platform to monitor held‑away retirement and HSA accounts without taking custody.
What is distinctive is that advisory personnel are also licensed insurance agents and may recommend and sell commissionable insurance products to clients (insurance activity is disclosed and supervised, and represents about 10% of time), a practice that is uncommon among similar supported firms. For a single‑advisor practice managing roughly $36 million for about 120 clients, the combination of integrated insurance brokerage activity, use of a held‑away account platform, and explicit use of options strategies sets the firm’s service mix apart from many peers.
Client services
Financial planning
Portfolio management
Selection of other advisers
Expertise
Options & derivatives strategies
Business succession planning
Fee options
Fixed fees for consulting services based on estimated hours; financial planning fees may also be flat fees
Typically 1.50% annually
$125 per hour for consulting services; $250-$500 per hour for financial planning
Main office location
Shockman Financial
2505 N University Dr, Suite 201
Fargo ND 58102, United States
Number of offices
1
Most active in
Shockman Financial has reported serving >5 clients in these states in the last 12 months.
Minnesota · North Dakota · Texas
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.
Is not active or affiliated with:
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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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