NextGen Financial Advice LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$8,629,578
This total excludes 2 entity clients. Entities are clients such as corporations, partnerships, or trusts.
Clients
47
9% high-net-worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor with up to 2 employees
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
47
HighAverage account size
$183,608
About
NextGen Financial Advice LLC provides investment management and financial planning to individuals, high‑net‑worth clients, small businesses, and nonprofit organizations. The firm also delivers business‑oriented services such as small‑business benefit consulting and support for employer retirement plans, including participant education.
The firm’s investment process is grounded in Modern Portfolio Theory and typically emphasizes diversified, primarily passive portfolios while retaining the option to select active managers selectively; client portfolios are built from tailored investment policy statements. NextGen generally manages accounts on a discretionary basis, conducts periodic reviews (at least quarterly), and can provide ongoing oversight of held‑away retirement accounts through a third‑party platform to avoid custody.
Compared with many independent, single‑advisor firms, NextGen is notable for sponsoring a wrap fee program and for serving as a 3(21) investment advisor to small‑company 401(k) plans—services that are relatively uncommon among peers. The firm also highlights specialty offerings such as pension consulting and focused special‑needs planning (including guidance for families with autism spectrum disorder), which distinguish its service mix from more typical solo practices.
Client services
Financial planning
Portfolio management
Pension consulting
Expertise
Business ownership considerations
College savings (529s, UTMA, etc.)
Planning for children with special needs
Occupation focus
Founder/Business Owner
Demographic focus
Parents
Fee options
Fixed fee financial planning ranging from $100 to $5,000 based on complexity and scope.
$0 - $499,999: 1.20% $500,000 - $999,999: 1.10% $1,000,000 - $1,999,999: 0.95% $2,000,000 - $5,000,000: 0.85% $5,000,000+: 0.75%
$200 per hour, billed in 15-minute increments, minimum $100 for first 30 minutes.
Subscription financial planning services paid monthly in arrears, up to $5,000 annually.
Fee-only: Financial planning fees can be fixed fee ($100-$5,000), hourly ($200/hour, minimum $100 first 30 minutes), or subscription (monthly, up to $5,000 annually). Discounts apply based on total advisory fees.
Main office location
NextGen Financial Advice LLC
Elko New Market MN, United States
Number of offices
1
Most active in
NextGen Financial Advice LLC has reported serving >5 clients in these states in the last 12 months.
Minnesota
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not 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.
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
-
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
-
Lawyer
They provide legal services, typically billed separately.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
-
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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