5 Stone Financial Group, LLC
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About
5 Stone Financial Group, LLC is a Minnesota-registered investment adviser that works with individual and high-net-worth clients (the firm reports two advisors, about 91 client relationships, and roughly $34.2 million in assets under management). It provides discretionary and non-discretionary portfolio management, written investment strategies, and financial planning and consulting services offered on project or subscription bases.
The firm describes an investment approach tailored to each client’s objectives, time horizon, and risk tolerance, using methods such as asset allocation, dollar-cost averaging, technical analysis, and both long- and short-term purchases; accounts are reviewed at least quarterly and more often if triggered by material events. 5 Stone notes that planning engagements can be billed hourly, fixed-fee, or on a subscription basis, and it advises ongoing consultation with tax professionals given potential tax implications of its strategies.
Compared with many peers, 5 Stone discloses that its investment advisers are also licensed insurance agents and may offer commissionable insurance products (the brochure notes this activity can consume up to 30% of their time and discloses the potential conflict of interest). The firm also documents providing educational seminars or workshops to clients and performs periodic due diligence on service providers that use artificial intelligence — features that are less common among comparable supported firms.
Client services
Expertise
Fee options
Fixed fees from $500 to $20,000 per project
Maximum 2.00% annually
$150–$250 per hour
Subscription based financial planning fees, ongoing until cancelled, negotiable
Fee-only: Hourly fees $150–$250 per hour; Fixed fees $500–$20,000 per project; Subscription fees available, negotiable
Main office
Champlin MN
Advisors at this office
2
Most active in
Minnesota · Texas
Also doing business as
5 Stone Financial Group, LLC · 5 Stone Investments LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Quick links
Advisors at this firm
Ross W
Series 63, Series 65
Champlin, MN
5 Stone Financial Group, LLC
Ross Welte is a financial advisor with 20 years of industry experience, currently affiliated with 5 Stone Financial Group, LLC. He holds Series 63 and Series 65 designations and has worked at firms including Regal Investment Advisors, Regulus, Guardian Life Insurance, and Park Avenue Securities. In addition to advisory services, he is a licensed insurance agent offering insurance products to clients. 5 Stone Financial Group, LLC provides investment advisory and financial planning services to individuals and high net worth clients, employing a flexible investment approach that includes asset allocation, dollar-cost averaging, and both long- and short-term strategies. The firm offers both discretionary and non-discretionary portfolio management and provides ongoing financial planning options.
Drew E
Series 63, Series 65
Champlin, MN
5 Stone Financial Group, LLC
Drew Erickson is a financial advisor with 8 years of industry experience, currently with 5 Stone Financial Group, LLC. He holds Series 63 and Series 65 registrations and has prior experience with firms including Penn Mutual Insurance Company, Ohio National Insurance Company, and Guardian Life Insurance. Outside of his advisory work, Erickson is a co-head coach for youth hockey in Thief River Falls. 5 Stone Financial Group, LLC is a Minnesota-registered investment adviser serving individual and high-net-worth clients with discretionary and non-discretionary portfolio management, financial planning, and consulting services. The firm’s investment approach is tailored to client objectives and involves asset allocation, technical analysis, and regular account reviews.
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