DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Advanced Advisor Group, LLC

Independent wealth managerCambridge, MinnesotaCRD 140393SEC 801-118465websiteIAPD
Latest filing Mar 3, 2026
First filing on the tape Mar 18, 2020 · 20 filings
SEC status approved since Apr 17, 2020
RAUM
$10.9M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$10.9M individuals and HNW
Advisors
14
registered through the firm on IAPD
RAUM per advisor
$780,905
derived; firm RAUM over IAPD count
Employees
11
11 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$10.9M as of Mar 3, 2026
Mar 19, 2021$6.5M then
HNW client RAUM: no history
State-registered IARs (5.B.3)11 as of Mar 3, 2026
Mar 19, 202112 then
Employees (5.A)11 as of Mar 3, 2026
Mar 19, 202112 then
Private funds: no history
RAUM -19% over the last fiscal year-1.6% a year over threeIARs 9 to 11offices 6 to 5
Practice profile
derived from the filing of Mar 3, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
RAUM per advisor
$780,905derivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$113,882derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
0.8derivedItem 5.A over advisors
Advisors per office
2.3derived6 offices incl. principal (1.F.5)
RAUM growth, one year
-19%derivedbetween the last two annual amendments
Advisor growth, one year
+22%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, publicationsreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is a broker-dealer (6.A.1)
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$10.9M100%
Individual clients
58reported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
96reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, hourlyreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=11.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 7.1% of current headcount2 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Kent Donald Schutte · President, Ccocontrol
      since 04/2006 · owns 75% or more
    • Dorothy Susan Fuller · Executive Rep. Finop
      since 04/2006 · owns less than 5%
    Related persons
    Schedule D 7.A
    • Educators Lifetime Solutions
      real estaten
    • Efs Advisors
      investment adviserreal estatenRAUM $2.4B
    Advisers that list Advanced Advisor Group, LLC as a related person
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Cambridge, Mn · principal1400
    Rochester, Mn300
    Owatonna, Mn200
    Chisago City, Mn200
    Stillwater, Mn101
    St Paul, Mn000
    Offices
    Schedule D 1.F, the 25 largest
    • Burnsville, MN3 employees
    • Rochester, MN2 employees
    • Windom, MN2 employees
    • St. Paul, MN1 employees
    • Minnetonka, MN1 employees
    • Champlin, MN1 employees
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • affiliate changedChange between filings · filing Mar 3, 2026
      broker-dealer affiliate (Item 7.A.1): no on the filing of 2025-03-11, yes on the filing of 2026-03-03
      peers: independent wealth managers, under $100M (704)
    How anomalies are measured
    What changed
    consecutive filings, newest first
    • Accounts · 105 to 96
      Mar 11, 2025 to Mar 3, 2026
    • Advisory employees · 9 to 11
      Mar 11, 2025 to Mar 3, 2026
    • BD registered reps · 9 to 11
      Mar 11, 2025 to Mar 3, 2026
    • Individual clients · 65 to 58
      Mar 11, 2025 to Mar 3, 2026
    • Employees · 9 to 11
      Mar 11, 2025 to Mar 3, 2026
    • Insurance-licensed employees · 9 to 11
      Mar 11, 2025 to Mar 3, 2026
    • State-registered IARs · 9 to 11
      Mar 11, 2025 to Mar 3, 2026
    • Other offices · 6 to 5
      Mar 11, 2025 to Mar 3, 2026
    • Discretionary RAUM · $13.5M to $10.9M
      Mar 11, 2025 to Mar 3, 2026
    • Individual RAUM · $13.5M to $10.9M
      Mar 11, 2025 to Mar 3, 2026
    • RAUM · $13.5M to $10.9M
      Mar 11, 2025 to Mar 3, 2026
    • Related broker-dealer · false to true
      Mar 11, 2025 to Mar 3, 2026
    • Accounts · 106 to 105
      Jul 16, 2024 to Mar 11, 2025
    • Advisory employees · 8 to 9
      Jul 16, 2024 to Mar 11, 2025
    • BD registered reps · 8 to 9
      Jul 16, 2024 to Mar 11, 2025
    • Individual clients · 61 to 65
      Jul 16, 2024 to Mar 11, 2025
    • Employees · 8 to 9
      Jul 16, 2024 to Mar 11, 2025
    • Insurance-licensed employees · 8 to 9
      Jul 16, 2024 to Mar 11, 2025
    • Financial planning clients · 51-100 to 51-100
      Jul 16, 2024 to Mar 11, 2025
    • State-registered IARs · 8 to 9
      Jul 16, 2024 to Mar 11, 2025
    • Discretionary RAUM · $12.7M to $13.5M
      Jul 16, 2024 to Mar 11, 2025
    • Individual RAUM · $12.7M to $13.5M
      Jul 16, 2024 to Mar 11, 2025
    • RAUM · $12.7M to $13.5M
      Jul 16, 2024 to Mar 11, 2025
    • Accounts · 97 to 106
      May 2, 2023 to Mar 12, 2024
    • Individual clients · 58 to 61
      May 2, 2023 to Mar 12, 2024
    • Discretionary RAUM · $11.5M to $12.7M
      May 2, 2023 to Mar 12, 2024
    • Individual RAUM · $11.5M to $12.7M
      May 2, 2023 to Mar 12, 2024
    • RAUM · $11.5M to $12.7M
      May 2, 2023 to Mar 12, 2024
    • Accounts · 94 to 97
      Feb 2, 2023 to Mar 28, 2023
    • Other offices · 7 to 6
      Feb 2, 2023 to Mar 28, 2023
    • Discretionary RAUM · $12.8M to $11.5M
      Feb 2, 2023 to Mar 28, 2023
    • Individual RAUM · $12.8M to $11.5M
      Feb 2, 2023 to Mar 28, 2023
    • RAUM · $12.8M to $11.5M
      Feb 2, 2023 to Mar 28, 2023
    • Accounts · 105 to 94
      Oct 14, 2021 to Mar 31, 2022
    • Advisory employees · 11 to 8
      Oct 14, 2021 to Mar 31, 2022
    • BD registered reps · 12 to 8
      Oct 14, 2021 to Mar 31, 2022
    • Employees · 12 to 8
      Oct 14, 2021 to Mar 31, 2022
    • Insurance-licensed employees · 0 to 8
      Oct 14, 2021 to Mar 31, 2022
    • State-registered IARs · 12 to 8
      Oct 14, 2021 to Mar 31, 2022
    • Other offices · 9 to 7
      Oct 14, 2021 to Mar 31, 2022
    Signals
    5 dated events
    • Brian Thomas Limborg left Advanced Advisor Group, Llc for Great Valley Advisor Group, Llc (registered 2026-08-15)
      Sep 10, 2026 · Advisor changed firm · fact
    • 2 advisors left Efs Advisors (Brooklyn Park, MN) for Advanced Advisor Group, LLC on the same day
      Sep 10, 2026 · Team lift-out · derived
    • Joshua Ryan Decker left Advanced Advisor Group, Llc for Great Valley Advisor Group, Llc (registered 2024-07-29)
      Aug 28, 2024 · Advisor changed firm · fact
    • Tammy Lee Holstein left Advanced Advisor Group, Llc for Efs Advisors (registered 2022-03-30)
      Feb 20, 2023 · Advisor changed firm · fact
    • Advanced Advisor Group, Llc filed its initial SEC registration (Form ADV)
      Mar 18, 2020 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    How to reach
    public business contact points only, each with its source
    Firm profile
    LINKEDIN.COM/COMPANY/EDUCATORS-FINANCIAL-SERVICES-INC-reportedpublic record, Form ADV, Sep 18, 2026
    Website
    efsadvisors.comreportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    763-689-9023reportedpublic record, Form ADV, Mar 3, 2026
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Independent wealth managerderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $780,905derivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026