Everest Financial Group
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Overview
Everest Financial Group operates as a financial advisory company that has its headquarters in Minneapolis, Minnesota. It has $607.1 million in total assets over 3,956 customer accounts, placing it among the larger investment advisory firms in the country by assets under management (AUM). It has a small group, including 14 financial advisors. Everest Financial Group is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are exchangable fiscal assets such as options, bonds and equities.
Everest Financial Group administers most of the firm's accounts in a discretionary manner. Discretionary management is a structure in which buy and sell decisions for the client's account are made by an investment advisor without requiring client permission. The company also manages 44 non-discretionary accounts with a total of $9.8 million in assets. The company's average account size is $153,457. The average financial advisor at Everest Financial Group manages about 283 client accounts.
Everest Financial Group's headquarters is at 701 Xenia Ave S, Minneapolis, Minnesota 55416-1029. The company is legally registered to provide services to clients across 17 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Everest Financial Group by the Numbers
$607.1 million
18
3,956
$153.5 thousand
Products and Services
Everest Financial Group provides multiple financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. In the last fiscal year, Everest Financial Group provided financial planning services to 1-10 of its customers. The firm is involved in selling products or offering services aside from investment advisory services to its clients.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Find a firm that offers this service
Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial advisory fees vary depending on the financial services offered. However, fee types charged by the company most likely are comprised of the following fee structures: asset-based, hourly, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the firm.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
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Offered by 10% of firms
Other
Unavailable
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
Types of Clients
Everest Financial Group caters to retail investors and high net worth investors. Out of its 3,956 customers, Everest Financial Group's biggest client is retail investors, but it also manages money for 87 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 4.91%
- Other Individuals - 95.09%
- Corporations - 0%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Everest Financial Group does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Everest Financial Group
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
Tucson, AZ
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