B&E Investment Advisers, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
B&E Investment Advisers provides financial planning, asset management, third‑party money manager selection, and pension consulting to a mix of clients including individuals, trusts, small businesses and retirement plans. The firm discloses that a large portion of client assets are managed through third‑party managers (about $325 million) and that it provides pension consulting to 39 plans holding roughly $100.4 million as of 12‑31‑2025.
The firm’s advisory work is primarily non‑discretionary and normally implemented by recommending model portfolios and third‑party managers on the Valmark platforms (TOPS and ACCESS), with custodial relationships typically at Charles Schwab or Pershing. Investment selection uses a combination of modern portfolio theory, fundamental analysis, targeted asset allocation and periodic rebalancing, with quarterly reporting and reviews tied to client circumstances.
B&E’s organizational structure is distinctive among peers because advisers are affiliated with Valmark Securities/Valmark Advisers and with affiliated insurance and pension entities (Business & Estate Advisers / Executive Insurance Agency and B&E Pension Advisers), and the brochure discloses marketing allowances and other compensation arrangements with Valmark. The firm operates with a small advisory team (three advisors) while outsourcing portfolio management at scale and maintaining an explicit pension consulting practice, a mix that may present specific conflict‑of‑interest considerations that the firm discloses and manages.
Client services
Expertise
Occupation focus
Fee options
Flat fee project-based financial planning services, initial deposit typically $2,000, additional fees up to $18,000 depending on complexity
$0 - $1,000,000: 1.25% total (1.00% B&E advisory fee + 0.25% VAI program fee, for TPMM TOPS and ACCESS Plus Programs) $1,000,001+: 1.20% total (1.00% B&E advisory fee + 0.20% VAI program fee, for TPMM TOPS and ACCESS Plus Programs)
Commissions earned on insurance and securities products sold by related persons, separate from advisory fees; B&E does not charge commissions on advisory accounts
Financial planning hourly rates range from $100 to $500 per hour; Pension consulting hourly rate $250 per hour for project-based consulting
Minimum fee: For pension consulting: minimum annual fee of $1,000 Fee-only: Financial planning fees on hourly basis $100 - $500 per hour; flat rate project fees ranging from $2,000 initial deposit plus $3,000 - $18,000 additional fees; Annual review fees $500 - $2,000
Main office
282 E. Wayzata Blvd., P.O. Box 679
Wayzata MN 55391
Advisors at this office
3
Most active in
Florida · Minnesota · Wisconsin
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.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Is not active or affiliated with:
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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.
Forms ADV
Advisors at this firm
Laura M
ChFC®, Series 63
Wayzata, MN
B&E Investment Advisers, Inc.
Laura Maksymkow is a financial advisor with B&E Investment Advisers, Inc. in Wayzata, MN, holding the ChFC® designation and Series 63 license. She has 29 years of industry experience and has served in various roles since 2005, including with Valmark Securities, Inc. and affiliated firms. Outside of investment advisory, she is a co-owner and general member of South-Pit LLC, a gravel pit business in Grand Rapids, MN. B&E Investment Advisers provides financial planning, asset management, third-party money manager selection, and pension consulting to individuals, trusts, small businesses, and retirement plans. The firm mainly uses a non-discretionary advisory approach with model portfolios and third-party managers on the Valmark platforms, combining modern portfolio theory and fundamental analysis.
Sarah K
CFP®, ChFC®, Series 63
Wayzata, MN
B&E Investment Advisers, Inc.
Sarah Kaelberer is a CFP® and ChFC® with 28 years of experience in financial advising. She has worked at B&E Investment Advisers, Inc., B & E Pension Advisers, Inc., Business & Estate Advisers, Inc., and Valmark Securities, Inc. since the mid-1990s and early 2000s. She is president of B&E Investments and serves on the board of directors for the Greater Wayzata Area Chamber of Commerce. B&E Investment Advisers provides financial planning, asset management, third-party money manager selection, and pension consulting for individuals, trusts, small businesses, and retirement plans. The firm primarily uses a non-discretionary approach with model portfolios and third-party managers on Valmark platforms, combining modern portfolio theory, fundamental analysis, and targeted asset allocation.
Ryan M
CFP®, ChFC®, Series 63, Series 66
Wayzata, MN
B&E Investment Advisers, Inc.
Ryan Michaelis is a CFP® and ChFC® with 16 years of industry experience, currently serving as Vice President at B&E Investment Advisers, Inc. in Wayzata, MN. He has been with B&E Investment Advisers since 2017 and previously worked at Berthel Fisher & Company Planning, Inc. and Berthel Fisher & Company Financial Services, Inc. In addition to his advisory role, Michaelis holds a 5% ownership interest in both B&E Investment Advisers and B&E Pension Advisers, where he provides financial planning and pension consulting services. B&E Investment Advisers offers financial planning, asset management, third-party money manager selection, and pension consulting to individuals, trusts, small businesses, and retirement plans. The firm primarily uses a non-discretionary investment approach, recommending model portfolios and third-party managers through Valmark platforms, while servicing a client base that includes significant pension consulting engagements.
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