Richard S. Brown
JNBA FINANCIAL ADVISORS | Chairman & CEO
Bloomington, MN 55437
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CRD#: 2205301
Professional summary
Richard Stephen Brown is a registered financial advisor currently at JNBA FINANCIAL ADVISORS, LLC located in Bloomington, Minnesota.
Richard is registered as an IAR (Investment Advisor Representative) and started their career in finance in 1997. Richard has worked at 6 firms and has passed the Series 63, Series 6 and Series 26 exams.
Biography
Richard S. Brown is Chairman and Chief Executive Officer of Minneapolis-based JNBA Financial Advisors, one of the premier wealth management firms in the United States. Since he joined the firm in 1996, the independent, fee-only Registered Investment Advisor (RIA) has grown from managing $90 million in client assets to advising on nearly $1.5 billion in assets. Richard is responsible for the company’s strategy, vision and approach. The firm’s fiercely independent status and advice driven by advocacy® approach allows JNBA to customize financial life plans and investment strategies to individual client goals, which are implemented by an experienced team and disciplined process, including a review of each portfolio every 10 business days. He also leads and plays an integral role in the firm’s specialty group, Family Office Services, which offers a contemporary model that provides fiduciary oversight and integrated services — from strategy to implementation — for busy, high-net-worth families who are looking to simplify their financial lives, whether they’re C-level executives, business owners, high-profile professional athletes, or other types of families with significant wealth. Richard is a well-recognized financial and community leader. For 13 consecutive years, Barron’s has included him on its list of the 1,200 top advisors in the country ranking #1 in Minnesota in 2022 and 2021. For seven consecutive years, he has been named to Barron’s list of the Top 100 Independent Advisors, and the top Minnesota financial advisor on the 2021 list. In addition, Richard has been recognized as a Forbes Best-in-State Top Wealth Advisor for four consecutive years, a Five Star Wealth Manager, a Minnesota Business Magazine Community Impact Award winner, and an Invest in Others Community Leadership Award Finalist.
Question & Answer
What are your service offerings?
Financial planning
Trust & estate planning
Philanthropic services
Retirement planning
Executive services/equity comp...
What is your current number of clients?
Greater than 100
What is your minimum asset requirement?
1M
Are you a "fiduciary"?
Yes
Aliases
None
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.
The advisor shows no other business activity.
CRS (Client Relationship Summary) - RIA
Click below to view Richard Stephen Brown'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®
NoneEducation
Experience
Current
December 17, 2013 - Present
JNBA FINANCIAL ADVISORS, LLC
Office #1: 8500 Normandale Lake Blvd Suite 450, Bloomington, MN 55437RIA
CRD#: 106550
Bloomington, MN
Past
May 27, 2008 - December 22, 2008
JNBA FINANCIAL ADVISORS, LLC
RIA
CRD#: 106550
BLOOMINGTON, MN
Past
July 9, 2001 - February 11, 2013
RMJB, INC.
BD
CRD#: 109886
BLOOMINGTON, MN
Past
July 1, 1999 - February 28, 2001
SECURITIES SERVICE NETWORK, LLC
BD
CRD#: 13318
KNOXVILLE, TN
Past
September 8, 1998 - July 1, 1999
LPL FINANCIAL LLC
BD
CRD#: 6413
FORT MILL, SC
Past
March 4, 1997 - September 17, 1998
THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
BD
CRD#: 4039
NEW YORK, NY
Past
March 4, 1997 - September 17, 1998
EQUITABLE ADVISORS, LLC
BD
CRD#: 6627
NEW YORK, NY
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".
JNBA FINANCIAL ADVISORS, LLC
JNBA FINANCIAL ADVISORS INC | JNBA FINANCIAL ADVOCATES | JNBA FINANCIAL ADVISORS, LLC
CRD#: 106550 / SEC#: 801-21522
RIA
Registered Investment Advisory firm - (6/29/1984 Approved)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.Highlighted states indicate IAR registrations
IAR
Florida(4/24/2015)
IAR
Minnesota(12/17/2013)
IAR
Texas(11/6/2020)
Exams
State Security Law Exam
General Industry/Product Exam
Principal/Supervisory Exam
Current Firm
JNBA FINANCIAL ADVISORS, LLC
JNBA FINANCIAL ADVISORS INC | JNBA FINANCIAL ADVOCATES | JNBA FINANCIAL ADVISORS, LLC
CRD#: 106550 / SEC#: 801-21522
RIA
Registered Investment Advisory firm - (6/29/1984 Approved)PREMIUM
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Contact information
Main Address
8500 Normandale Lake Blvd Suite 450, Bloomington, MN 55437
Mailing Address
Phone number
(952) 844-0995
Established
Firm type
Fiscal year end
# of Employees
34
SEC notice filing (25 States and Territories)
Regulatory assets under management
| Total Number of Accounts | 3,901 |
| AUM (Assets Under Management) | $ 1,683,609,117 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 11/17/2025 | ||
| 12/26/2024 | ||
| 02/23/2024 | ||
| 06/21/2023 |
Red Flags
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Company Information
JNBA FINANCIAL ADVISORS, LLC
Chairman & CEOCRD#: 106550Bloomington, MN 55437TRUST BUT VERIFY
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Contact information
(xxx) xxx-xxxx
xxxxx@xxxx.xxx
