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Twin Cities Retirement Group

Updated today

Client assets under management

$144,901,181

Clients

84

56% high-net-worth

Advisors

2

of 3 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

Clients per advisor

42

Typical

Average account size

$1,725,014

About

Twin Cities Retirement Group serves individual and high‑net‑worth clients, with an emphasis on those nearing or recently entering retirement. The firm provides discretionary asset management and comprehensive retirement-planning services — including Social Security benefit analysis, cash‑flow modeling, beneficiary and estate‑planning coordination — and may refer clients to independent third‑party money managers.

Investment programs are managed under a strategic asset‑allocation discipline with five risk profiles from Conservative to Aggressive and may include tactical adjustments as market conditions change. The firm’s methods of analysis include fundamental, technical, charting and cyclical approaches, and portfolios commonly use no‑load mutual funds and ETFs alongside individual securities, options, and other structured or leveraged instruments where appropriate.

The firm’s Form ADV discloses a self‑regulatory enforcement matter that resulted in an acceptance, waiver and consent and a nine‑month bar in 2009–2010 related to customer forms, which the brochure identifies as the only disciplinary history. The brochure also notes the firm offers educational seminars or workshops (an uncommon service among peers) and details referral arrangements with third‑party managers — including retention of a portion of advisory fees for referred clients — which the firm discloses to clients as a potential conflict of interest.

Client services

Financial planning Portfolio management Selection of other advisers Educational seminars or workshops

Expertise

General retirement planning Social Security optimization Income planning Retirement withdrawal strategies

Occupation focus

Retired

Demographic focus

Approaching retirement

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Fee options

Percentage

Under $1,000,000 - $999,999: 1.25% $1,000,000 - $2,000,000: 1.00% Over $2,000,000+: 0.85%

Other

Account minimum: $1,000,000

Main office location

Twin Cities Retirement Group

15600 36 Th Ave N, Suite 240

Plymouth MN 55446, United States

Number of offices

2

Most active in

Minnesota · 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

Patrick I

Series 66

Plymouth, MN

Twin Cities Retirement Group

Patrick Illies is a financial advisor at Twin Cities Retirement Group in Plymouth, MN, with 15 years of industry experience. He holds a Series 66 designation and has been with Twin Cities Retirement Group since 2010. Prior to that, he worked at Twin Cities Land Group LLC from 2018 to 2019. Twin Cities Retirement Group serves individual and high-net-worth clients nearing or recently in retirement, providing discretionary asset management and comprehensive retirement planning services. The firm employs a strategic asset allocation approach across five model risk profiles and manages portfolios using a mix of no-load mutual funds, ETFs, individual securities, and options.

General retirement planning Social Security optimization Income planning Retirement withdrawal strategies Retired Approaching retirement
user avatar

Thomas S

Series 65

Plymouth, MN

Twin Cities Retirement Group

Thomas Sjoberg is a financial advisor with Twin Cities Retirement Group in Plymouth, MN. He holds a Series 65 credential and has seven years of industry experience, all with Twin Cities Retirement Group. Prior to his advisory role, he worked at Johnny Tauer Basketball Camp for four years. Twin Cities Retirement Group serves individual and high-net-worth clients near or in retirement, providing discretionary asset management and comprehensive retirement planning including Social Security benefit analysis and estate planning. The firm’s investment approach uses strategic asset allocation across five risk profiles and employs a mix of no-load mutual funds, ETFs, individual securities, and options.

General retirement planning Social Security optimization Income planning Retirement withdrawal strategies Retired Approaching retirement
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