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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM under $100M

ADVANCED ADVISOR GROUP, LLC

CRD 140393

CAMBRIDGE, MN

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:ef81b444-53d2-5366-ef5b-bdc45b45180e

Data as of Mar 3, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 8:01 AM UTC and rebuilt at most every 15 minutes.

Relationships: 24
Dated events: 5
On other graphs: 0
Observed: Mar 18, 2020 to Mar 3, 2026
20 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: independent wealth managerderivedprivate_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=11.0
Regulatory AUM: $10.9MItem 5.F on the latest filing (2026-03-03); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $10.9M
Private client RAUM: $10.9MderivedItem 5.D individuals plus high net worth individuals
Private client share: 100%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 14
RAUM per advisor: $780,905derivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 11
Advisory employees: 11
Offices: 5Schedule D 1.F, beyond the principal office
Accounts: 96
Individual clients: 58
SEC number: 801-118465
CRD: 140393
Filings on the tape: 20
First filed: Mar 18, 2020
Latest filed: Mar 3, 2026
Organised: Limited Liability Company, MN

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
SCHUTTE, KENT DONALD	PRESIDENT, CCO	E	yes	04/2006	Mar 18, 2020	Jul 16, 2024
FULLER, DOROTHY SUSAN	EXECUTIVE REP. FINOP	Na	no	04/2006	Mar 18, 2020	Jul 16, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
EFS ADVISORS LLC	n/a	Bd affiliated wealth	$2.4B	N	yes	n/a
EDUCATORS LIFETIME SOLUTIONS	n/a	n/a	n/a	N	yes	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
Burnsville	Mn	United States	3	yes
Rochester	Mn	United States	2	yes
Windom	Mn	United States	2	yes
Champlin	Mn	United States	1	yes
Minnetonka	Mn	United States	1	yes
ST. PAUL	Mn	United States	1	yes

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 3, 2026	$10.9M	$10.9M	11	11	5	n/a	n/a
2024	Mar 11, 2025	$13.5M	$13.5M	9	9	6	n/a	n/a
2023	Mar 12, 2024	$12.7M	$12.7M	8	8	6	n/a	n/a
2022	Mar 28, 2023	$11.5M	$11.5M	8	8	6	n/a	n/a
2021	Mar 31, 2022	$12.8M	$12.8M	8	8	7	n/a	n/a
2020	Mar 19, 2021	$6.5M	$6.5M	12	11	9	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	1	-1	7.1%	0	1	0	0	2

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$10.9M	$13.5M	-19.0%	$11.5M	-1.6%	11	9	5	6

Teams in

teams that arrived here from one firm together

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
EFS ADVISORS	2	Sep 10, 2026	Nov 4, 2013	BROOKLYN PARK, MN	Team lift out	Ibd to RIA	3.7%

Relationships

Affiliated with (2)

→ EFS ADVISORSRegistered adviserother investment adviser, common control
factForm ADV
← EFS ADVISORSRegistered adviserother investment adviser, broker-dealer, common control
factForm ADV

Registered with (19)

← Joseph AlbrechtAdvisorregistration: current employment
Jul 8, 2022 to presentfactForm ADV
← Steven John LiebzeitAdvisorregistration: current employment
Mar 30, 2022 to presentfactForm ADV
← Douglas Edward WanousAdvisorregistration: current employment
Sep 16, 2021 to presentfactForm ADV
← BRADY LYNN HUSBYNAdvisorregistration: current employment
Jan 20, 2016 to presentfactForm ADV
← STANLEY MATTHEW NAGORSKIAdvisorregistration: current employment
Jan 23, 2014 to presentfactForm ADV
← DAVID WILLIAM NIELSENAdvisorregistration: current employment
Jan 15, 2014 to presentfactForm ADV
← JESSE STEPHEN BABICHAdvisorregistration: current employment
Jan 15, 2014 to presentfactForm ADV
← JAY MICHAEL TAMMEN HIGGINSAdvisorregistration: current employment
Jan 15, 2014 to presentfactForm ADV
← TODD JEROME OPDAHLAdvisorregistration: current employment
Nov 5, 2013 to presentfactForm ADV
← DAVID BENJAMIN WOLFEAdvisorregistration: current employment
Nov 4, 2013 to presentfactForm ADV
← ANTHONY DONALD SCHUTTEAdvisorregistration: current employment
Nov 4, 2013 to presentfactForm ADV
← DEAN ROBERT INGVALSONAdvisorregistration: current employment
Nov 1, 2013 to presentfactForm ADV
← RORY EDWARD BLUHMAdvisorregistration: current employment
Nov 1, 2013 to presentfactForm ADV
← KENT DONALD SCHUTTEAdvisorregistration: current employment
Jul 5, 2007 to presentfactForm ADV
← BRIAN THOMAS LIMBORGAdvisorregistration: previous registration
Nov 1, 2013 to Sep 10, 2026factForm ADV
← JOSHUA RYAN DECKERAdvisorregistration: previous registration
Nov 1, 2013 to Aug 28, 2024factForm ADV
← TAMMY Lee HOLSTEINAdvisorregistration: previous registration
Mar 30, 2022 to Feb 20, 2023factForm ADV
← PATRICK JON SCHERVENAdvisorregistration: previous registration
Nov 4, 2013 to Dec 10, 2018factForm ADV
← THOMAS WAYNE OTTMANAdvisorregistration: previous registration
Nov 4, 2013 to May 25, 2016factForm ADV

Controls (1)

← SCHUTTE, KENT DONALDOwnerPRESIDENT, CCO, ownership code E, individual
Mar 18, 2020 to Jul 16, 2024factForm ADV

Owns (1)

← FULLER, DOROTHY SUSANOwnerEXECUTIVE REP. FINOP, ownership code NA, individual
Mar 18, 2020 to Jul 16, 2024factForm ADV

Moved with (1)

← EFS ADVISORSRegistered adviser2 advisors, team lift out, same day
Sep 10, 2026 to Nov 4, 2013factForm ADV

Dated events

Occurred
Sep 10, 2026
Advisor changed firm
Brian Thomas Limborg left Advanced Advisor Group, Llc for Great Valley Advisor Group, Llc (registered 2026-08-15)
Form ADVobserved 4 days ago
Occurred
Sep 10, 2026
Team lift-out
2 advisors left Efs Advisors (Brooklyn Park, MN) for Advanced Advisor Group, LLC on the same day
Form ADVobserved 4 days ago
2 advisors
Occurred
Aug 28, 2024
Advisor changed firm
Joshua Ryan Decker left Advanced Advisor Group, Llc for Great Valley Advisor Group, Llc (registered 2024-07-29)
Form ADVobserved 4 days ago
Occurred
Feb 20, 2023
Advisor changed firm
Tammy Lee Holstein left Advanced Advisor Group, Llc for Efs Advisors (registered 2022-03-30)
Form ADVobserved 4 days ago
Occurred
Mar 18, 2020
First Form ADV filing
Advanced Advisor Group, Llc filed its initial SEC registration (Form ADV)
Form ADVobserved 4 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:ef81b444-53d2-5366-ef5b-bdc45b45180e
First observed: Mar 18, 2020
Last observed: Mar 3, 2026 6 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

ADVANCED ADVISOR GROUP, LLC

CRD 140393

CAMBRIDGE, MN

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:ef81b444-53d2-5366-ef5b-bdc45b45180e

Data as of Mar 3, 2026 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 8:01 AM UTC and rebuilt at most every 15 minutes.

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

SCHUTTE, KENT DONALD

PRESIDENT, CCO

yes

04/2006

Mar 18, 2020

Jul 16, 2024

FULLER, DOROTHY SUSAN

EXECUTIVE REP. FINOP

04/2006

Mar 18, 2020

Jul 16, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

EFS ADVISORS LLC

n/a

Bd affiliated wealth

$2.4B

yes

n/a

EDUCATORS LIFETIME SOLUTIONS

n/a

yes

n/a

City

State

Country

Employees

Also broker-dealer

Burnsville

United States

yes

Rochester

United States

yes

Windom

United States

yes

Champlin

United States

yes

Minnetonka

United States

yes

ST. PAUL

United States

yes

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 3, 2026

$10.9M

n/a

2024

Mar 11, 2025

$13.5M

n/a

2023

Mar 12, 2024

$12.7M

n/a

2022

Mar 28, 2023

$11.5M

n/a

2021

Mar 31, 2022

$12.8M

n/a

2020

Mar 19, 2021

$6.5M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

-1

7.1%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$10.9M

$13.5M

-19.0%

$11.5M

-1.6%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

EFS ADVISORS

Sep 10, 2026

Nov 4, 2013

BROOKLYN PARK, MN

Team lift out

Ibd to RIA

3.7%