Firm
NextGen Financial Advice
Elko New Market, Minnesota
Fee-only
NextGen Financial Advice at a glance
- One of 180 fee-only firms based in Minnesota in the Wellspent graph.
- 1 advisor is listed here.
- Its Form ADV reports 1 employee and 47 individual clients, 4 of them high net worth.
- Its average account is about $50,000 (assets it manages divided by its 175 accounts).
- It works with clients virtually as well as in person.
Fee-only advisors in Minnesota · What fee-only advisors charge in Minnesota
Facts
| Based in | Elko New Market, Minnesota |
|---|---|
| Website | nextgenfinancialadvice.com |
| Phone | (952) 373-1362 |
NextGen Financial Advice fees
What the firm's own website says it charges, checked October 30, 2026. We keep a price only when the exact words stating it appear on the page.
| Asset-based fee | 1.2% a year on the first tier of assets |
|---|---|
| Account minimum | None |
| How it charges | Percentage of assets · Hourly · Ongoing planning fee · One-time plans or projects |
In the firm's words
"if your Household Value is $499,999, then your annual rate would be 1.20%" source
"Everyone deserves professional financial advice, regardless of age, assets, or background." source
"The Discretionary Advisory Fee is an annual rate, which is charged monthly and in arrears." source
"a fixed price (example: a project or list of items), subscription (ongoing help over time covering many topics), and hourly" source
For comparison, fee-only firms that publish prices charge a median of $4,500 a year for ongoing planning, $2,000 for a one-time plan, $300 an hour, or 1% of assets. See the fee report.
What its SEC filing says
| Paid by | Percentage of assets · Hourly · Fixed fees |
|---|---|
| Assets managed | $9 million |
| Individual clients | 43 |
| High-net-worth clients | 4 |
| Accounts managed | 175 |
| Employees | 1 |
| Planning clients | 11-25 |
| Financial planning | Offered |
| Form ADV filed | May 7, 2026 |
| SEC record | CRD 292468 |
Advisors at this firm (1)
Other fee-only firms in Minnesota
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- Parr McKnight Wealth Management Group · Minneapolis
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- Petros Family Wealth · Bloomington
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