Schwan Financial Advisors, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$0
Clients
261
Advisors
2
of 2 employees
About
Schwan Financial Advisors, LLC is a small state-registered adviser with two advisors serving roughly 261 clients, including high-net-worth and individual investors, pension and 401(k) plans, trusts, estates, and business entities. The firm provides financial planning, pension consulting, employee education and related advisory services, but does not directly manage client assets.
Rather than offering in-house portfolio management, the firm refers clients to third-party investment advisers (it currently recommends Integrity Alliance, LLC), assists clients in selecting and monitoring those managers, and relies on those third parties to exercise discretionary authority over portfolios. Schwan also offers insurance product recommendations and annuities, provides cryptocurrency consulting, and points clients to affiliated tax and accounting services when appropriate.
Distinctive features include its formal affiliations with an insurance agency and an accounting/tax preparation entity, and the fact that associated persons are also registered representatives who may receive commission-based compensation and participate in fee-sharing arrangements with recommended managers—conflicts the firm discloses. The brochure also discloses a prior FINRA Acceptance, Waiver and Consent involving an owner for outside business activities and private securities transactions, and notes that certain principals devote substantial time to insurance and broker-dealer business.
Client services
Expertise
Fee options
Fixed fees for financial planning and consulting services typically range from $500 to $250,000, depending on client circumstances.
Certain associated persons earn commission-based compensation for securities transactions and insurance product sales; separate from advisory fees.
Hourly rates for financial planning and consulting services range from $125 to $450 per hour.
Fee-only: Financial Planning and Consulting fees charged either as fixed fees ranging from $500 to $250,000 or hourly fees ranging from $125 to $450 per hour.
Main office
401 Vivian Street S.
Aberdeen SD 57401
Advisors at this office
2
Most active in
Alaska · Arizona · Florida · Iowa · Louisiana · Michigan · Minnesota · Mississippi · North Dakota · South Dakota · Texas
Also doing business as
Schwan Financial Advisors, LLC · The Legacy Partners 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.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
-
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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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
Advisors at this firm
John S
Series 63, Series 65
Aberdeen, SD
Schwan Financial Advisors, LLC
John Schwan is a financial advisor with Schwan Financial Advisors, LLC in Aberdeen, SD, holding Series 63 and Series 65 licenses and bringing 40 years of industry experience. He has been associated with Kovack Securities since 2010 and has led Schwan Financial Advisors, LLC and Schwan Financial Group since the early 2000s. Outside of advising, Schwan serves on the board of Farmers State Bank and is involved in several other business ventures, including ownership in a local bar and grill and participation in agricultural and green technology startups. Schwan Financial Advisors, LLC is a state-registered firm with two advisors serving approximately 261 clients such as high-net-worth individuals, pension plans, trusts, and business entities. The firm focuses on financial planning, pension consulting, and employee education, referring clients to third-party investment managers rather than directly managing assets, and also provides insurance and cryptocurrency consulting alongside affiliated tax and accounting services.
Dalton L
CFP®, Series 63, Series 65
Aberdeen, SD
Schwan Financial Advisors, LLC
Dalton Lehnen is a CFP® with five years of industry experience. He is currently with Schwan Financial Advisors, LLC and also affiliated with Kovack Securities, Inc. Prior to these roles, he worked with firms including Onegroup Wealth Partners and Hand Securities. Outside of financial services, Lehnen coaches baseball for the Harrisburg Baseball Association. Schwan Financial Advisors, LLC is a small state-registered advisory firm serving individual investors, high-net-worth clients, pension and 401(k) plans, trusts, estates, and business entities. The firm provides financial planning and consulting services but refers clients to third-party investment managers for portfolio management.
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