EFS Advisors Account Type

EFS Advisors offers a variety of account types to cater to different client needs. The firm primarily manages assets for both individuals and institutions, with a total of approximately $1.94 billion in assets under management and a team of 45 advisors. The firm provides services such as portfolio management, financial planning, and educational seminars. EFS Advisors does not specify a minimum account size requirement, making it accessible for non-high-net-worth individuals as well as institutional clients. The fee structure is fee-based, with quarterly fees based on the amount of assets managed.

EFS Advisors Fee Schedule

• Assets: $0.00 - $210,000

• Quarterly Fee: 0.26%

• Annual Fee: 1.04%

• Assets: $210,001 - $500,000

• Quarterly Fee: 0.24%

• Annual Fee: 0.96%

• Assets: $500,001 - $1,000,000

• Quarterly Fee: 0.22%

• Annual Fee: 0.88%

• Assets: $1,000,001 - $3,000,000

• Quarterly Fee: 0.20%

• Annual Fee: 0.80%

• Assets: $3,000,001 - $5,000,000

• Quarterly Fee: 0.18%

• Annual Fee: 0.72%

• Assets: $5,000,001 - $10,000,000

• Quarterly Fee: 0.17%

• Annual Fee: 0.68%

• Assets: $10,000,001 and higher

• Quarterly Fee: 0.15%

• Annual Fee: 0.60%

EFS Advisors Broker Account Opening Process

To open an account with EFS Advisors, prospective clients can follow these steps:

• Visit the Office: Set up an appointment at the principal office located at 440 Emerson St. N., Suite 2, Cambridge, Minnesota, 55008.

• Contact Information: Reach out via email or call the office at (763) 689-9023 or toll-free at (877) 403-2374.

• Documentation: Prepare necessary personal information including address, social security number, and financial details.

• Account Setup: Complete the required forms and provide any additional documentation as requested by the firm.

• Account Activation: Once the documents are verified, the account will be activated, allowing clients to begin their investment journey.

EFS Advisors aims to create a financially secure future for its clients by aligning their personal goals with the most suitable financial vehicles.