KS
Kent D. Schutte
EFS ADVISORS
Cambridge, MN 55008
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CRD#: 1432361
KS
Professional summary
Kent Donald Schutte, CFP®, who also goes by Kent D Schutte, is a registered financial advisor currently at EFS ADVISORS located in Cambridge, Minnesota and ADVANCED ADVISOR GROUP, LLC located in Cambridge, Minnesota.
Kent is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1985. Kent has worked at 9 firms and has passed the Series 65, Series 63, Series 99TO, SIE, Series 7, Series 6, Series 14, Series 51 and Series 24 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
Kent D Schutte
Other business activities
Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
1) PRESIDENT - EDUCTORS FINANCIAL SERVICES, EFS Advisors, A REGISTERED INVESTMENT ADVISOR; PROVIDING FEE-BASED PLANNING AND EXECUTIVE OVERSIGHT; 4/1994 - PRESENT; APPROX. 20 HOURS PER WEEK DURING MARKET AND NON-MARKET HOURS; CAMBRIDGE, MN. 2) OWNER OF RENTAL PROPERTIES IN CAMBRIDGE, MN AND IN TEXAS. BOOKS AND RECORDS FOR BUSINESS ARE MAINTAINED IN CAMBRIDGE, MN. BUSINESS IS NOT INVESTMENT RELATED NOR DOES IT INVOLVE CLIENTS OF THE FIRM. DEDICATES 3-4 HOURS PER MONTH TO BUSINESS OUTSIDE OF TRADING HOURS. 3) Part-owner of Shady Hogs, an agricultural/animal husbandry business based in Iowa; Not investment related and spends about 1 hour a month 4) EDUCATORS LIFETIME SOLUTIONS, LONG TERM CARE SALES, CO-OWNER, JAN 2011-PRESENT 5) Educators Aviation, noninv, 1995 E Rum River Dr S Cambridge MN, Aircraft ownership, Owner, leases flying services back to EFS, Aviben, AAG, TSL and transportation to rental properties, 06/2002, 5 noninv, 5 inv hrs/mo, pilot 6) Bryndis Books LLC, noninv, 1995 E Rum River Dr S Cambridge MN, Bookkeeping Services, 12.5% owner, investor, 01/2021, 1 noniv, 0 inv hrs/mo, ownership interest 7) Educators Benefits Consultants, LLC DBA Aviben, noninv, 1995 E Rum River Dr S Cambridge MN, Benefits Administration, Owner, 01/2004, 12 noninv, 4 inv hrs/mo, Operational oversight for third party administrator and consulting firm 8) ARC Retreat Center, Non-INV, Stanchfield, MN, Wellness Community, Board Member, 11/2024, minimal hrs, less than 1 per month, 0 Inv hrs/mo, No Compensation Compensation, Board Member for retreat center assisting with guiding the organizations missions.
CRS (Client Relationship Summary) - RIA
Click below to view Kent Donald Schutte's CRS (Customer Relationship Summary).
Certified licenses
Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
Experience
Current
May 24, 1999 - Present
EFS ADVISORS
Office #1: 1995 East Rum River Drive S, Cambridge, MN 55008RIA
CRD#: 115211
Cambridge, MN
Current
July 5, 2007 - Present
ADVANCED ADVISOR GROUP, LLC
Office #1: 1995 East Rum River Drive S., Cambridge, MN 55008Office #2: 1995 East Rum River Drive S, Cambridge, MN 55008RIA
BD
CRD#: 140393
Cambridge, MN
Current
October 4, 2006 - Present
ADVANCED ADVISOR GROUP, LLC
Office #1: 1995 East Rum River Drive S., Cambridge, MN 55008Office #2: 1995 East Rum River Drive S., Cambridge, MN 55008RIA
BD
CRD#: 140393
Cambridge, MN
Past
February 15, 2005 - October 5, 2006
MM ASCEND LIFE INVESTOR SERVICES, LLC
BD
CRD#: 36451
CAMBRIDGE, MN
Past
August 1, 2000 - February 15, 2005
PMG SECURITIES CORPORATION
BD
CRD#: 27107
ELGIN, IL
Past
July 1, 1996 - September 29, 1999
NATIONWIDE INVESTMENT SERVICES CORPORATION
BD
CRD#: 7110
COLUMBUS, OH
Past
May 3, 1993 - July 1, 1996
NATIONWIDE SECURITIES, LLC
BD
CRD#: 11173
COLUMBUS, OH
Past
November 26, 1991 - August 1, 2000
INVESTORS BROKERAGE SERVICES, INC.
BD
CRD#: 4257
ELGIN, IL
Past
July 25, 1989 - October 15, 1991
NEW ENGLAND SECURITIES
BD
CRD#: 615
NEW YORK, NY
Past
December 5, 1985 - April 11, 1989
HORACE MANN INVESTORS, INC.
BD
CRD#: 11643
Primary Firm SEC Registration
This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".
EA
EFS ADVISORS
EDUCATOR'S FINANCIAL SERVICES, INC. | EFS ADVISORS LLC | EFS ADVISORS
CRD#: 115211 / SEC#: 801-62857
RIA
Registered Investment Advisory firm - (3/11/2004 Approved)Iowa
Registered Investment Advisory firm - (6/29/2004 Terminated)North Dakota
Registered Investment Advisory firm - (7/26/2004 Terminated)State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
IAR
means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.RR
indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.Visual representation of state registrations
RR
Alaska(10/30/2012)
RR
Arizona(10/13/2006)
RR
Arkansas(6/7/2024)
RR
California(8/28/2012)
RR
Colorado(1/30/2025)
RR
Connecticut(8/17/2023)
RR
Florida(10/16/2006)
RR
Illinois(10/10/2006)
RR
Indiana(11/9/2012)
RR
Iowa(10/17/2006)
IAR
Iowa(7/5/2007)
RR
Kansas(10/5/2006)
RR
Michigan(7/16/2007)
RR
Minnesota(10/9/2006)
IAR
Minnesota(11/14/2013)
RR
Mississippi(5/18/2007)
RR
Missouri(1/10/2007)
RR
New Hampshire(5/14/2024)
RR
North Dakota(10/6/2006)
RR
Ohio(5/6/2024)
RR
Oklahoma(5/24/2007)
RR
South Dakota(10/10/2006)
RR
Texas(9/25/2006)
RR
Utah(3/13/2024)
RR
Vermont(5/2/2024)
RR
Washington(8/17/2023)
RR
Wisconsin(10/9/2006)
IAR
Wisconsin(1/30/2025)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
RR
Series 99TO
Date: 1/2/2023
Operations Professional ExaminationGeneral Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
Principal/Supervisory Exam
Principal/Supervisory Exam
Principal/Supervisory Exam
SRO Registrations
RR
FINRA
Current Firm
EA
EFS ADVISORS
EDUCATOR'S FINANCIAL SERVICES, INC. | EFS ADVISORS LLC | EFS ADVISORS
CRD#: 115211 / SEC#: 801-62857
RIA
Registered Investment Advisory firm - (3/11/2004 Approved)Iowa
Registered Investment Advisory firm - (6/29/2004 Terminated)North Dakota
Registered Investment Advisory firm - (7/26/2004 Terminated)Upgrade to AdvisorCheck Premium
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Contact information
Main Address
1995 East Rum River Drive S, Cambridge, MN 55008
Mailing Address
Phone number
(763) 689-9023
Established
Firm type
Fiscal year end
# of Employees
59
SEC notice filing (51 States and Territories)
Documents
Regulatory assets under management
| Total Number of Accounts | 29,714 |
| AUM (Assets Under Management) | $ 2,271,853,092 |
Red Flags
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Company Information
EFS ADVISORS
CRD#: 115211Cambridge, MN 55008TRUST BUT VERIFY
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Contact information
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