Donald Phillips
Donald Phillips is a CFP-designated registered investment advisor at Greater Midwest Financial Group, LLC, based in Saint Paul, MN, with 42 years of industry experience. Donald operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Charitable Giving, Education Planning, Estate Planning, and 3 more. Their firm serves 720 clients with $510M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
GMFG offers wealth management services for an annual fee based on the amount of your portfolio. This fee ranges from 0.10% to 1.50% per year, depending on the size and composition of your portfolio, the services provided, and who is providing the services. The fee is calculated quarterly, in advance, based on the market value of your portfolio on the last day of the previous quarter.
Location
3222 Rice St., Saint Paul, MN, 55126
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Regulatory History (1)
Criminal
September 1975Other Business ActivitiesSells Insurance
Donald is the CEO of Greater Midwest Financial Group LLC, where he spends nearly full-time on advisory, client relationship management, and management duties; he also works as an Investment Advisor Representative with Kestra Advisory Services, LLC. Additionally, Donald is involved in real estate as an owner of Phillips Financial LLC and a partner at McVDB, and sends health insurance business to Comprehensive Benefits, dedicating minimal time to each of these activities.
Employment History
Current Registrations
Greater Midwest Financial Group, LLC
Previous Registrations
Kestra Advisory Services, LLC
Kestra Investment Services, LLCBroker
NFP Advisor Services, LLC
LPL Financial LLC
LPL Financial LLCBroker
Ascend Financial Services, INC.Broker
C.R.I. Securities, INC.Broker
Consolidated Resources, INC.Broker
State Registrations1 state
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.