All Star Financial
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$683,374,445
Clients
541
Advisors
5
of 14 employees
About
All Star Financial provides personalized financial planning, tax preparation performed by in‑house certified public accountants, and both discretionary and non‑discretionary investment management to individuals, qualified retirement plans, trusts, estates, charitable organizations and business entities. Like most team firms, it serves both non‑high‑net‑worth and high‑net‑worth clients and generally charges fees based on assets under management.
The firm’s investment approach is built on Modern Portfolio Theory and a strategic asset‑allocation, core‑and‑satellite framework, offering four risk‑based model portfolios with global diversification and periodic rebalancing. Portfolio construction and tactical decisions are informed by broad macroeconomic indicators and may include sector and country allocations when valuations become favorable.
Noteworthy disclosures in the brochure include an affiliation with a commercial bank through a firm principal and the provision of tax preparation services in‑house, both of which the firm identifies as potential conflicts and addresses through disclosures and procedures. The firm also produces regular written portfolio appraisals and performance reports for clients and participates in institutional platforms that supply performance analytics and referral arrangements.
Client services
Expertise
Fee options
Up to $25,000 fixed fee for financial planning services based on complexity and client needs
$0 - $500,000: 1.4% annually $500,001 - $1,000,000: 1.3% annually $1,000,001 - $2,000,000: 1.2% annually $2,000,001 - $3,000,000: 1.1% annually $3,000,001 - $4,000,000: 1.0% annually $4,000,001 - $5,000,000: 0.9% annually $5,000,001 - $10,000,000: 0.8% annually $10,000,001+: Negotiable
$200 per hour for financial planning services
Account minimum: $500,000 Minimum fee: Annual household minimum of $5,000 or 3% of assets, whichever is less Fee-only: Hourly fee of $200 per hour for financial planning services; Fixed fees up to $25,000 based on complexity for financial planning; Tax preparation minimum fee of $500
Main office
3800 American Blvd West, Suite 620
Minneapolis MN 55431
Advisors at this office
5
Most active in
California · Florida · Minnesota · North Dakota · Texas · Wisconsin
Also doing business as
All Star Financial · All Star Financial 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:
Bank
They're affiliated with a bank that may offer its own financial products and services.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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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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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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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.
Quick links
Advisors at this firm
Connie B
Series 66
Minneapolis, MN
All Star Financial
Connie Biselx is a financial advisor at All Star Financial in Minneapolis, MN, holding a Series 66 designation with four years of industry experience. Prior to joining All Star Financial in 2026, Connie worked at Merrill and Thrivent Investment Management. She also has an 11-year background running a business called Unglued. All Star Financial offers personalized financial planning, tax preparation by in-house certified public accountants, and investment management services to individuals and various types of entities. The firm uses a Modern Portfolio Theory-based investment approach with globally diversified, risk-based model portfolios and incorporates macroeconomic indicators to inform portfolio decisions.
Robert K
CFP®, Series 63, Series 65
Minneapolis, MN
All Star Financial
Robert Klefsaas is a CFP®-certified financial advisor at All Star Financial in Minneapolis, MN, with 12 years of industry experience. He has worked at All Star Financial since 1992 and currently serves as chairman of the board for Bank Vista and as a director and advisor for ID Insight, a bank fraud software company. All Star Financial provides personalized financial planning, tax preparation by in-house CPAs, and investment management to a range of clients including individuals, retirement plans, trusts, and business entities. The firm employs a Modern Portfolio Theory-based investment approach with global diversification and tactical asset allocation informed by macroeconomic indicators.
Eric G
CFA®, Series 63, Series 65
Minneapolis, MN
All Star Financial
Eric Gardner is a CFA® charterholder based in Minneapolis, MN, with 16 years of experience in the financial services industry. He has worked at firms including Sequoia Financial Group, Kowalski Financial, and Ameriprise Financial Services. Gardner currently operates as the sole advisor at All Star Financial. All Star Financial offers personalized financial planning, in-house tax preparation by certified public accountants, and discretionary and non-discretionary investment management to a broad client base that includes individuals, qualified retirement plans, trusts, estates, charitable organizations, and business entities. The firm employs a Modern Portfolio Theory-based investment approach featuring strategic asset allocation, global diversification, and tactical portfolio adjustments informed by macroeconomic indicators.
Matthew B
CFP®, Series 66
Minneapolis, MN
All Star Financial
Matthew Berhow is a CFP® and holds a Series 66 license with 24 years of experience in financial advisory. He has worked at firms including CETERA Advisor Networks LLC and Affiance Financial LLC before joining All Star Financial, where he currently serves as the sole advisor. He also holds a role as an insurance agent selling fixed life, health, disability, annuities, long-term care, and life settlements. All Star Financial offers personalized financial planning, tax preparation by in-house CPAs, and both discretionary and non-discretionary investment management to a broad client base. The firm employs a Modern Portfolio Theory-based investment approach with strategic asset allocation and global diversification across risk-based model portfolios.
Grant G
Series 66
Minneapolis, MN
All Star Financial
Grant Germscheid is a financial advisor with All Star Financial in Minneapolis, MN, holding a Series 66 credential and seven years of industry experience. His prior experience includes roles at BlueStem Wealth Partners, Ameriprise, LPL Financial, and PFG Advisors. He also operates as an independent insurance agent under his sole proprietorship. All Star Financial provides personalized financial planning, tax preparation by in-house CPAs, and investment management services to a broad client base including individuals, retirement plans, trusts, and business entities. The firm employs a Modern Portfolio Theory-based investment approach featuring globally diversified risk-based model portfolios with strategic asset allocation and periodic rebalancing.
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