Financial Dimensions Group, Inc. is a large financial advisor firm with over $1.3 billion in client assets under management (AUM) and a large team of advisors. The firm is headquartered in Arden Hills, Minnesota, a suburb of the twin cities of Minneapolis and St. Paul. The firm also holds the top spot on our list of the top firms in Arden Hills. The firm works with its mostly individual client base to provide tailored financial planning and portfolio management services.
Financial Dimensions is a fee-based firm, which means certain advisors can receive commissions from securities or insurance sales. This differs from a fee-only firm, which is one that earns all of its compensation directly from client-paid fees.
Financial Dimensions Group Background
Financial Dimensions Group was founded in 1995. In 2012, it registered with the U.S. Securities and Exchange Commission (SEC) after being registered only at the state level before then. Today, the firm is principally owned by Gregg R. Anderson and Gloria J. Pozzini. Anderson serves as the firm's president and chief compliance officer (CCO), while Pozzini is a board member.
The firm employs a number of certified financial planners (CFPs) and certified fund specialists (CFSs), among other advisory certifications.
Financial Dimensions Group Client Types and Minimum Account Sizes
Financial Dimensions Group works with a variety of clients, the majority of which are individuals without a high net worth. Other clients include high-net-worth individuals, pension and profit-sharing plans, charities and businesses.
Account minimums at Financial Dimensions Group tend to be on the lower side, ranging from $5,000 to $50,000. However, minimums may be different depending on the type of program or strategy your portfolio uses.
Services Offered by Financial Dimensions Group
Financial Dimensions Group breaks down its advisory offerings into four main categories: asset management services, financial planning services, special securities reports and retirement consulting services. Asset management services can be broken down into three further categories, each offered through the VISION2020 Wealth Management Program:
- Advisor Managed Portfolios
- Genesis Model Portfolios Program
- SMA and UMA Program
Financial planning services can pertain to a number of different financial topics, including tax planning, retirement planning, cash flow analysis, savings tendencies and just about anything else the client needs advice on. The firm has both discretionary and non-discretionary management arrangements.
Financial Dimensions Group Investment Philosophy
Like many other advisory firms, Financial Dimensions Group works with clients to determine their overall financial profile and objectives, using this information to develop a plan as to how advisors will invest that client's assets. Advisors also take into account more detailed information, such as a client's risk tolerance, time horizon, liquidity needs and any other relevant insights.
When it comes to investing client assets, advisors at the firm tend to invest in some combination of stocks, bonds, mutual funds and exchange-traded funds (ETFs). They may use other investments as they see fit, though. In order ot best evaluate potential investments, the firm focuses on both fundamental and technical methods of analysis.
Fees Under Financial Dimensions Group
Fees for investment and asset management services at Financial Dimensions Group are typically charged based on a percentage of each client's total AUM. Ultimately, the specific fee schedule is negotiated separately by each advisory representative. This generally depends on factors like a client's overall portfolio allocation, size and account type.
Fees for financial planning are similarly negotiable, but tend to range between certain values on either an hourly or fixed basis. Hourly fees tend to range from $100 to $300, while fixed fees can be anywhere from $100 to $5,000.
What to Watch Out For
Financial Dimensions Group does not have any disclosures listed on its SEC-filed Form ADV.
This is a fee-based firm, as some of its advisors can sell insurance products and securities on a commission basis. This creates a potential conflict of interest, which is counteracted by the firm's fiduciary duty. This requires Financial Dimensions and its advisors to act in clients' best interests at all times.
Opening an Account With Financial Dimensions Group
Those interested in becoming a client of Financial Dimensions Group should go to the firm's website and submit a contact form. If you prefer working over the phone, simply call (651) 481-6280 to speak with a representative of Financial Dimensions.
All information is accurate as of the writing of this article.
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