Educator's Financial Services, Inc. (Cambridge)

Name: Educator's Financial Services, Inc.
Address: 440 Emerson St N Suite 2, Cambridge, MN, 55008
Telephone: 763-689-9023

Educator's Financial Services, Inc. is a large advisory firm based in Cambridge. It manages $1.24 billion of regulatory assets for 25,852 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arizona, California, Colorado, and 19 other states.

Educator's Financial Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It prepares financial plans for approximately 17,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Educator's Financial Services: assets under management

The assets under management (AUM) of Educator's Financial Services, Inc. is $1.24 billion. The firm's AUM has grown by 636% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $952.05 million in discretionary accounts and $284.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $41.81 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $92.51 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 85% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Educator's Financial Services, Inc. for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kent Donald Schutte serves?

The firm provides services to individuals, insurance companies, charitable organizations, banking or thrift institutions, and corporations or other businesses. The largest group of clients of Kent Donald Schutte is individuals with 17,022 clients and $1.23 billion of assets under management. Among the 11 most similar advisory firms, Educator's Financial Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.24 billion for 17,033 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Educator's Financial Services doesn't advise any private funds.

Careers at Educator's Financial Services, Inc.

The company employs 49 people that are either part- or full-time employees. 94 percent of the employees work as investment advisers or researchers. 46 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kent Donald Schutte	President/chief compliance officer	1 Apr 1996	75% - 100%	1432361

Based in Cambridge

The principal office where Educator's Financial Services, Inc. performs its advisory services is located at 440 Emerson St N Suite 2, Cambridge, MN 55008, which is also the mailing address of the firm. An additional office of the firm is in Apple Valley, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 763-689-9023 or by fax 763-689-3742. The normal business hours are 8:00am - 4:30pm on Monday - Friday. You can find more information about the New York firm at efsadvisors.com.