Ferguson Financial, Inc

CRD#118983
Investment Advisor Firm

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Overview

Ferguson Financial, Inc operates as an advisory company located in Minneapolis, Minnesota. The firm has $21.5 million in total assets over 242 accounts. Ferguson Financial, Inc has a small team of one employee who is a financial advisor. Ferguson Financial, Inc does not act as a registered broker-dealer, signifying that it cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets such as equities, bonds and options.

Ferguson Financial, Inc oversees most of its accounts on a discretionary basis. Discretionary management means that transaction choices are made by an investment advisor without needing the client's approval. It also has seven non-discretionary accounts with a total of $453,736 in assets. The investment advisory firm's typical account size is $88,713. $500,001 to $1,000,000 of its investments for financial planning services were in securities, with under $100,000 placed in non-securities. The average financial advisor at Ferguson Financial, Inc manages about 242 client accounts.

The company's headquarters is at 5100 Eden Avenue, Minneapolis, Minnesota 55436. Ferguson Financial, Inc is legally registered to serve customers throughout a few states, including Minnesota and Texas.

Number of Advisors

1

Disclosures

No

Office Location

5100 Eden Avenue
Minneapolis, MN 55436

Ferguson Financial, Inc by the Numbers

Total Number of Employees

1

National Average: 4,943
Total Number of Accounts

242

National Average: 2,522
Average Account Size

$88.7 thousand

National Average: $1.3 million

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Products and Services

Ferguson Financial, Inc provides multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and selection of other advisers. In the past financial year, Ferguson Financial, Inc provided financial planning services to 11-25 of its clients. It does sell products or offer services other than investment advisory services to its clients.

Core Advisor Services

  • Offered by 45% 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.

  • Offered by 63% 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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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% 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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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees for financial management largely vary depending on which service is provided. However, fee types charged by the firm can include the following fee structures: asset-based, hourly, fixed, commission-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm. It has the ability to withdraw its charges directly from customer funds.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 37% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 3% of firms

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Offered by 40% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Offered by 12% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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Types of Clients

Ferguson Financial, Inc caters to retail investors and high net worth investors. Out of its 242 clients, Ferguson Financial, Inc's biggest client type by number of accounts is retail investors, although it also manages money for 14 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 24.14%
  • Other Individuals - 75.86%
  • 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

Ferguson Financial, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA