David Nielsen is a registered investment advisor at Efs Advisors, based in Cambridge, MN, with 19 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management, Retirement Planning. Their firm serves 21,701 clients with $2.4B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $210K | 1.04% |
| $210K - $500K | 0.96% |
| $500K - $1.0M | 0.88% |
| $1.0M - $3.0M | 0.80% |
| $3.0M - $5.0M | 0.72% |
| $5.0M - $10.0M | 0.68% |
| $10M+ | 0.60% |
Clients participating in the Managed by EFS program through Security Benefit Group are charged 0.96% from $0-$500,000 in assets under management. EFS Advisors Choice clients with account balances under $25,000 will pay EFS an administrative fee of $14 per year, to be deducted from their account balances at a rate of $3.50 per quarter. This administrative fee is in addition to the asset-based advisory fee. Fixed Income and Cash Management Accounts include a limited selection of investments, such as CDs, money market accounts, and certain preapproved, limited funds. If the account contains investments outside of these options, the standard fee schedule applies.
Fee Estimator
Location
1995 East Rum River Drive S, Cambridge, MN, 55008
Get directionsHistory
Regulatory History (2)
Judgment / Lien
April 2017Judgment / Lien
December 1994Other Business Activities
David is the President of DWN Financial LLC, established in 2012 for tax purposes and to facilitate compensation for 1099 employee services. He spends minimal time on administrative and trading tasks related to the LLC, which functions as a pass-through entity for business-related activities associated with EFS Advisors.
Employment History
Current Registrations
Efs Advisors
Advanced Advisor Group, LLC
Advanced Advisor Group, LLCBroker
Previous Registrations
MML Investors Services, INC.Broker
State Registrations7 states
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.