Winona, MN Office

Calder Financial Group provides discretionary investment supervisory services and comprehensive financial planning to a mix of individual clients (including high‑net‑worth households) and institutional sponsors such as 401(k), 403(b), and defined‑benefit plans. As of December 31, 2025 the firm reported approximately $297 million in discretionary assets under management across roughly 511 client relationships and also offers consulting on private placements and periodic sub‑advisory arrangements.

The firm’s investment approach centers on establishing target asset allocations, periodically and tactically rebalancing those allocations, and using active manager selections within five model portfolios that range from conservative to equity growth; an investment committee meets regularly to review holdings and performance. Calder operates as a 3(38) fiduciary for clients and provides implementation and ongoing portfolio management on a discretionary basis, emphasizing allocation, risk control, and tax efficiency.

What distinguishes Calder from many peers is its affiliated consulting business that provides employee‑benefit consulting and third‑party administration (TPA) services for retirement plans, a relationship that generates separate fees and that the firm discloses and seeks to mitigate for conflicts of interest. The firm’s leadership also brings accounting and actuarial credentials (including CPA/EA/FSA designations) and discloses partner involvement as general partners in external real‑estate investments that may include client participation, with policies in place to address those conflicts.