Troy M. Axelson

PRINCIPAL SECURITIES

Lake Elmo, MN 55042

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CRD#: 2405148

Professional summary

Troy Malon Axelson, CFP®, who also goes by Troy Axelson, is a registered financial advisor currently at PRINCIPAL SECURITIES, INC. located in Lake Elmo, Minnesota.

Troy is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1993. Troy has worked at 13 firms and has passed the Series 66, Series 63, SIE and Series 7 exams.

Question & Answer

Are you a "fiduciary"?

Yes

Aliases

Troy Axelson

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.

FIXED INSURANCE POSITION: Registered Representative NATURE: null INVESTMENT RELATED: Yes NUMBER OF HOURS: 35 SECURITIES TRADING HOURS: 2 START DATE: 01/16/2025 ADDRESS: 8530 Eagle Point Blvd, #125, Lake Elmo MN 55042, United States DESCRIPTION: Sales and service of outside fixed insurance, including life, annuities, DI, LTC, health and group insurance.

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Troy Malon Axelson's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

CRS (Client Relationship Summary) - BD

Click below to view Troy Malon Axelson's CRS (Customer Relationship Summary).

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®

CFP^®

Certified Financial Planner

Start date: 2005

Experience

Current

December 20, 2024 - Present

PRINCIPAL SECURITIES, INC.

Office #1: 8530 Eagle Point Blvd Ste 125, Lake Elmo, MN 55042

RIA

CRD#: 1137

Lake Elmo, MN

Current

December 20, 2024 - Present

PRINCIPAL SECURITIES, INC.

Office #1: 8530 Eagle Point Blvd Ste 125, Lake Elmo, MN 55042

RIA

CRD#: 1137

Lake Elmo, MN

Past

September 1, 2023 - December 7, 2023

OSAIC WEALTH, INC.

RIA

CRD#: 23131

FOREST LAKE, MN

Past

September 1, 2023 - December 7, 2023

OSAIC WEALTH, INC.

CRD#: 23131

FOREST LAKE, MN

Past

January 25, 2017 - September 1, 2023

OSAIC SERVICES, INC.

RIA

CRD#: 133763

FOREST LAKE, MN

Past

January 25, 2017 - September 1, 2023

OSAIC SERVICES, INC.

CRD#: 133763

FOREST LAKE, MN

Past

March 9, 2010 - January 10, 2017

COREBRIDGE CAPITAL SERVICES, INC.

CRD#: 13158

JERSEY CITY, NJ

Past

June 26, 2009 - March 11, 2010

VALIC FINANCIAL ADVISORS, INC.

RIA

CRD#: 42803

EDINA, MN

Past

May 28, 2009 - March 11, 2010

VALIC FINANCIAL ADVISORS, INC.

CRD#: 42803

EDINA, MN

Past

August 21, 2008 - April 23, 2009

COREBRIDGE CAPITAL SERVICES, INC.

CRD#: 13158

JERSEY CITY, NJ

Past

November 14, 2006 - August 21, 2008

AMERITAS INVESTMENT COMPANY, LLC

CRD#: 14869

MAHTOMEDI, MN

Past

November 7, 2002 - November 15, 2006

LPL FINANCIAL LLC

CRD#: 6413

FORT MILL, SC

Past

November 24, 1999 - November 7, 2002

CUNA BROKERAGE SERVICES, INC.

CRD#: 13941

WAVERLY, IA

Past

October 7, 1998 - September 3, 1999

PRUCO SECURITIES, LLC.

CRD#: 5685

NEWARK, NJ

Past

August 25, 1994 - April 26, 1996

D.E. FREY & COMPANY, INC.

CRD#: 23595

DENVER, CO

Past

March 21, 1994 - August 26, 1994

FAIRCHILD FINANCIAL GROUP, INC.

CRD#: 21404

NEW YORK, NY

Past

February 16, 1994 - March 7, 1994

SPENCER EDWARDS, INC.

CRD#: 22067

CENTENNIAL, CO

Past

December 13, 1993 - January 7, 1994

CHURCHILL SECURITIES, INC.

CRD#: 10343

SUFFERN, 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".

PRINCIPAL SECURITIES, INC.

BLC EQUITY SERVICES CORPORATION | PRINCOR FINANCIAL/ SERVICES CORPORATION | PRINCOR FINANCIAL SERVICES CORPORATION | PRINCIPAL SECURITIES, INC. | PRINCIPAL FINANCIAL SERVICES CORPORATION

CRD#: 1137 / SEC#: 801-54949, 8-13975

RIA

Registered Investment Advisory firm - SEC (10/10/1997 Approved)

Broker-Dealer Firm Regulated by FINRA (Kansas City district office)

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.

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

Minnesota
(12/20/2024)

IAR

Minnesota
(12/20/2024)

Wisconsin
(12/20/2024)

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state. Note: This rule does not apply to broker-dealer activity.

Exams

State Security Law Exam

IAR

Series 66

Date: 6/24/2009

Uniform Combined State Law Examination

State Security Law Exam

Series 63

Date: 2/24/1994

Uniform Securities Agent State Law Examination

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Date: 10/2/1998

General Securities Representative Examination

SRO Registrations

FINRA

Current Firm

PRINCIPAL SECURITIES, INC.

BLC EQUITY SERVICES CORPORATION | PRINCOR FINANCIAL/ SERVICES CORPORATION | PRINCOR FINANCIAL SERVICES CORPORATION | PRINCIPAL SECURITIES, INC. | PRINCIPAL FINANCIAL SERVICES CORPORATION

CRD#: 1137 / SEC#: 801-54949, 8-13975

RIA

Registered Investment Advisory firm - SEC (10/10/1997 Approved)

Broker-Dealer Firm Regulated by FINRA (Kansas City district office)

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Contact information

Main Address

711 High Street, Des Moines, IA 50392

Mailing Address

Principal Financial Group 711 High Street, Des Moines, IA 50392-2080

Phone number

(888) 774-6267

Established

Iowa since 05/01/1968

Firm type

Corporation

Fiscal year end

December

Firm Size

Large

# of Employees

1,436

SEC notice filing (51 States and Territories)

FINRA licenses (52 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Customer Relationship Summary (CRS / FINRA)

Latest Form ADV

Part 2 Brochures

PRINCIPAL DIRECT ADVISORY ACCOUNT FIRM BROCHURE (9/15/2025)

RETIREMENT PLAN CONSULTING (9/15/2025)

PRINCIPAL FINANCIAL PLANNING & CONSULTING SERVICES FIRM BROCHURE (9/15/2025)

PRINCIPAL MANAGED ACCOUNT SOLUTIONS WRAP FEE PROGRAM BROCHURE (9/15/2025)

Direct owners and executive officers

Name	Position	CRD#
PRINCIPAL FINANCIAL SERVICES, INC.	OWNER
AGRAWAL, VIVEK	DIRECTOR	8050381
CLAIRE, CHAD THOMAS	CHIEF INFORMATION OFFICER	7219218
DROGAN, THOMAS JOHN	CHIEF COMPLIANCE OFFICER	2760482
FRIEDRICH, AMY CHRISTINE	DIRECTOR	7097797
LAWLER, CODY ANTHONY	HEAD OF SUPERVISION, HEAD OF OPERATIONS	5162072
MCCULLUM, KENNETH ALLEN	DIRECTOR	4695257
MURRAY, MICHAEL FRANCIS	PRESIDENT/CHIEF EXECUTIVE OFFICER/CHAIR	2074275
RANTS, DOUGLAS JOHN	CHIEF INFORMATION SECURITY OFFICER	7148529
ROBERTS, DAWN MARIE	CHIEF FINANCIAL OFFICER	7929617
SCHELHAAS, NATHAN PAUL	DIRECTOR	7275495
SPADAFORA, CRAIG ALAN	SENIOR VICE PRESIDENT / HEAD OF ADVISORY AND PLATFORM	3184320
VANWINKLE, DANIEL SIMON	PSI AML OFFICER	4715191

Regulatory assets under management

Total Number of Accounts	63,730
AUM (Assets Under Management)	$ 14,827,718,110

Disclosures

Regulatory Event	9
Arbitration	3
Bond	3

Accountant surprise examination report

Filing Date	Form ADV-E Cover	Form ADV-E Report
09/26/2025	Cover Page	Report
10/28/2024	Cover Page	Report
11/28/2023	Cover Page	Report
09/22/2023	Cover Page	Report
12/20/2022	Cover Page	Report

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

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Advisor Monitoring

Firm Stability Insights

Troy M. Axelson

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Troy Malon Axelson's CRS (Customer Relationship Summary).

CRS (Client Relationship Summary) - BD

Click below to view Troy Malon Axelson's CRS (Customer Relationship Summary).

Certified licenses

Experience

PRINCIPAL SECURITIES, INC.

OSAIC WEALTH, INC.

OSAIC WEALTH, INC.

OSAIC SERVICES, INC.

OSAIC SERVICES, INC.

COREBRIDGE CAPITAL SERVICES, INC.

VALIC FINANCIAL ADVISORS, INC.

VALIC FINANCIAL ADVISORS, INC.

COREBRIDGE CAPITAL SERVICES, INC.

AMERITAS INVESTMENT COMPANY, LLC

LPL FINANCIAL LLC

CUNA BROKERAGE SERVICES, INC.

PRUCO SECURITIES, LLC.

D.E. FREY & COMPANY, INC.

FAIRCHILD FINANCIAL GROUP, INC.

SPENCER EDWARDS, INC.

CHURCHILL SECURITIES, INC.

Primary Firm SEC Registration

PRINCIPAL SECURITIES, INC.

State Registrations and Notice Filings

Exams

Series 66

Date: 6/24/2009

Series 63

Date: 2/24/1994

SIE

Date: 10/1/2018

Series 7

Date: 10/2/1998

FINRA

Current Firm

PRINCIPAL SECURITIES, INC.

Contact information

SEC notice filing (51 States and Territories)

FINRA licenses (52 States and Territories)

Documents

Part 2 Brochures

Direct owners and executive officers

Regulatory assets under management

Disclosures

Accountant surprise examination report

Red Flags

Company Information

PRINCIPAL SECURITIES, INC.

TRUST BUT VERIFY

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