Cardinal Wealth Advisors, L.L.C.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Cardinal Wealth Advisors provides wealth management and portfolio management services primarily to individual and high‑net‑worth clients, overseeing about $82 million in discretionary assets across roughly 117 client relationships. Services include discretionary and non‑discretionary investment management, periodic financial planning, and options to incorporate environmental, social, and governance (ESG) screens.
The firm uses an asset‑allocation approach implemented mainly with ETFs and no‑load mutual funds, while retaining flexibility to include individual equities, fixed‑income securities, and option strategies where appropriate. The brochure discloses that derivatives — including options and other derivative instruments — may be used in separately managed accounts, and it describes related risks and oversight practices.
As a small adviser‑supported firm, Cardinal Wealth Advisors frequently engages sub‑advisors to manage portions of client assets and requires a designated custodian for client accounts. The firm’s principal has an affiliated insurance business and receives customary insurance compensation (disclosed as a potential conflict and mitigated by firm procedures), and also maintains a separate real‑estate rental business, both of which are described as limited outside activities.
Client services
Expertise
Fee options
Flat dollar-amount fees may be negotiated alternatively based on certain criteria.
$0 - $1,000,000: 1.00% annually $1,000,001 - $2,000,000: 0.90% annually $2,000,001 - $3,000,000: 0.80% annually $3,000,001 - $4,000,000: 0.70% annually $4,000,001 - $5,000,000: 0.60% annually $5,000,001+: 0.50% annually
Main office
7201 Ohms Lane, Suite 215
Edina MN 55439-2154
Advisors at this office
2
Most active in
Minnesota · Texas
Also doing business as
Cardinal Wealth Advisors, L.L.C. · Cardinal Wealth Advisors, 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
John B
CFP®, ChFC®, Series 63, Series 65
Edina, MN
Cardinal Wealth Advisors, L.L.C.
John Bergstrom is a CFP® and ChFC® with 9 years of experience at Cardinal Wealth Advisors, L.L.C. He has served in the United States Navy Reserves since 1998 as an Intelligence Officer and Foreign Disclosure Officer. In addition to his advisory work, he operates a sole proprietorship in insurance sales and service. Cardinal Wealth Advisors provides wealth management and portfolio management services to individual and high-net-worth clients, focusing on financial planning for retirement, education, risk management, and legacy goals. The firm employs an asset-allocation strategy primarily using ETFs and no-load mutual funds, with some use of derivatives and options in client accounts.
Philip S
Series 63, Series 65
Edina, MN
Cardinal Wealth Advisors, L.L.C.
Philip Schimke is a financial advisor at Cardinal Wealth Advisors, L.L.C. in Edina, MN, holding Series 63 and Series 65 credentials with six years of industry experience. He previously worked at Greenisle Consulting before joining Cardinal Wealth Advisors. Cardinal Wealth Advisors provides wealth and portfolio management services primarily to individual and high-net-worth clients, managing about $82 million in discretionary assets. The firm employs an asset-allocation strategy using ETFs and no-load mutual funds, with flexibility to include individual equities, fixed-income securities, and options where appropriate.
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