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Lfa

Updated today

Client assets under management

$276,503,269

Clients

499

16% high-net-worth

Advisors

7

of 7 employees

Firm type

Team

5-30 advisors or >$500M in AUM

Clients per advisor

71

High

Average account size

$554,115

About

LFA serves individuals (including non‑high‑net‑worth and high‑net‑worth clients), pension and profit‑sharing plans, trusts, estates, charitable organizations, and corporations. The seven‑advisor firm offers discretionary and non‑discretionary portfolio management, asset allocation and model‑portfolio management, financial planning, and pension consulting and selection/monitoring services, managing roughly $351 million in client assets for about 499 clients.

The firm implements a structured approach built around five model portfolios (from Aggressive Growth to Capital Preservation), allocating primarily to mutual funds, equities and fixed income while tailoring allocations to each client’s objectives and restrictions. LFA may use sub‑advisers or third‑party model portfolios, provides ongoing monitoring with at least annual reviews, and generally does not accept performance‑based fees.

Noteworthy distinctions include material affiliations with Cambridge Investment Research: several advisory personnel are registered representatives and insurance agents, participate in Cambridge equity programs and may receive commissions or loans tied to Cambridge, arrangements the brochure discloses as potential conflicts of interest. The firm also recommends Schwab for custody while noting Schwab institutional services are tied to asset thresholds, and it discloses that it does not aggregate multiple client orders for the same security—practices that can influence trade execution and cost allocation.

Client services

Financial planning Portfolio management Pension consulting

Expertise

Wealth management Retirement plans for business owners (SEP, solo 401k) General retirement planning

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Fee options

Fixed

Fixed fees for financial planning: $1,500 for comprehensive plan, $750 for partial plan

Percentage

$0 - $1,000,000: 1.50% annually $1,000,001 - $5,000,000: 0.50% annually $5,000,001+: 0.25% annually

Commissions

Separate commission-based compensation for securities and insurance products through affiliated registered representatives and insurance agents

Project-based

Hourly fees for financial planning starting at $150 per hour

Other

Account minimum: $25,000 Fee-only: Financial planning fixed fees: $1,500 comprehensive, $750 partial; hourly fees starting at $150/hour

Main office location

Lfa

1219 33 Rd Street South

St. Cloud MN 56301, United States

Number of offices

3

Most active in

Florida · Minnesota · South Dakota · Texas · Wisconsin

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Steven L

Series 66

St. Cloud, MN

Lfa

Steven Laraway is a financial advisor with Lfa, holding a Series 66 designation and over 25 years of industry experience. He has worked at Laraway Financial Advisors, Inc. since 2000 and Laraway Insurance Services, Inc. since 2005. Outside of his advisory work, Laraway serves on several nonprofit boards, including the Boy Scout Central Minnesota Council and CentraCare Health System. Laraway Financial Advisors (LFA) is an SEC-registered firm managing approximately $309 million for about 473 clients through a team of seven advisors. The firm serves individuals, pension plans, trusts, estates, charitable organizations, and businesses, using a model-driven investment approach with diversified allocations across mutual funds, ETFs, and fixed income.

Wealth management Retirement plans for business owners (SEP, solo 401k) General retirement planning
user avatar

James S

Series 63

St. Cloud, MN

Lfa

James Schmitz is a financial advisor with Lfa in St. Cloud, MN, holding a Series 63 designation and 17 years of industry experience. He has been with Laraway Financial Advisors since 2012 and serves as vice president and COO. Outside of his advisory role, Schmitz is an independent insurance agent and a member of a real estate holding company. Laraway Financial Advisors is an SEC-registered firm managing approximately $309 million for around 473 clients through a seven-advisor team. The firm serves individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and businesses, using a model-driven investment approach with diversified portfolios and third-party managers.

Wealth management Retirement plans for business owners (SEP, solo 401k) General retirement planning
user avatar

Patrick S

Series 63

St. Cloud, MN

Lfa

Patrick Solyntjes is a financial advisor with Lfa, holding a Series 63 designation and bringing 30 years of industry experience. He has worked at Laraway Financial Advisors, Inc. since 2006 and has also been associated with Cambridge Investment Research, Inc. since 2001. Outside of his advisory work, he serves as a volunteer firefighter with the Alexandria Fire Department. Lfa is an SEC-registered advisory firm managing approximately $309 million for around 473 clients through a seven-advisor team across three offices. The firm serves individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and businesses, using a model-driven investment approach with diversified portfolios and ongoing monitoring.

Wealth management Retirement plans for business owners (SEP, solo 401k) General retirement planning
user avatar

Christopher W

Series 66

St. Cloud, MN

Lfa

Christopher Wayne is a financial advisor at Laraway Financial Advisors (LFA) with 20 years of industry experience. He holds the Series 66 designation and has been with Laraway Financial Advisors since 2014. Outside of his advisory role, he serves as a Boy Scouts of America clubmaster and den leader, participates on the investment committee at CentraCare, and volunteers as treasurer for the St. Cloud Crush Lacrosse Booster Club. Laraway Financial Advisors is an SEC-registered firm managing approximately $309 million for around 473 clients. The seven-advisor team provides discretionary and non-discretionary portfolio management, financial planning, pension consulting, and manager selection services to individuals, retirement plans, trusts, charitable organizations, and businesses. The firm employs a model-driven investment approach across diversified portfolios ranging from aggressive growth to capital preservation.

Wealth management Retirement plans for business owners (SEP, solo 401k) General retirement planning
user avatar

Kimberly F

Series 63, Series 66

St. Cloud, MN

Lfa

Kimberly Foster is a financial advisor with Lfa, holding Series 63 and Series 66 licenses and bringing 22 years of industry experience. She has been with Laraway Financial Advisors, Inc. and Cambridge Investment Research Inc. since 2014. Foster is also an independent insurance agent through Laraway Insurance Service Inc. Lfa is an SEC-registered advisory firm managing approximately $309 million for about 473 clients across three offices. The firm serves individuals, including high-net-worth clients, pension and profit-sharing plans, trusts, estates, charitable organizations, and businesses with a model-driven investment approach that includes discretionary and non-discretionary portfolio management and financial planning.

Wealth management Retirement plans for business owners (SEP, solo 401k) General retirement planning
user avatar

Christopher H

Series 63, Series 66

St. Cloud, MN

Lfa

Christopher Hastings is a financial advisor with Lfa, holding Series 63 and Series 66 licenses and bringing 26 years of industry experience. He has been with Laraway Financial Advisors, Inc. since 2015 and is also affiliated with Cambridge Investment Research Inc. Hastings operates within a seven-advisor team based in St. Cloud, MN. Laraway Financial Advisors manages approximately $309 million across about 473 clients, serving individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and businesses. The firm uses a model-driven investment approach with diversified portfolios and offers services including portfolio management, financial planning, and pension consulting.

Wealth management Retirement plans for business owners (SEP, solo 401k) General retirement planning
user avatar

Jennifer L

Series 66

St. Cloud, MN

Lfa

Jennifer Lesmeister is a financial advisor with Lfa, holding a Series 66 designation and seven years of industry experience. She has worked at Laraway Financial Advisors, Inc. since 2018 and previously practiced law at Gray Plant Mooty from 2014 to 2018. Lesmeister serves as a committee member for Leave a Legacy Central MN, a public awareness program focused on encouraging charitable giving beyond one’s lifespan. Lfa is an SEC-registered advisory firm managing approximately $309 million for around 473 clients through a seven-advisor team. The firm serves individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and businesses, using a model-driven investment approach across multiple asset classes and offering both discretionary and non-discretionary portfolio management.

Wealth management Retirement plans for business owners (SEP, solo 401k) General retirement planning
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