Eric J. Kuitu
PRINCIPAL SECURITIES
Lake Elmo, MN 55042
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CRD#: 2705273
Professional summary
Eric J Kuitu, CFP®, who also goes by Eric James Kuitu, Eric Kuitu, is a registered financial advisor currently at PRINCIPAL SECURITIES, INC. located in Lake Elmo, Minnesota.
Eric is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1996. Eric has worked at 6 firms and has passed the Series 63, SIE, Series 7 and Series 24 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
Eric James Kuitu | Eric Kuitu
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.
**Outside Insurance; Investment Related; White Bear Lake, MN; Agent; Fixed LI, DI, Fixed Annuities, LTC; Start Date: 10/16/2018; 80 hrs per month; 80 during trading hours. **Custom One Charities; Not Investment Related; Woodbury, MN; Board Member; Help with marketing and networking for the events of the charity.; Start Date: 02/01/2020; 2 hrs per month; 0 during trading hours. **INSURANCE POSITION: Cannaday Bloom NATURE: null INVESTMENT RELATED: Yes NUMBER OF HOURS: 32 SECURITIES TRADING HOURS: 32 START DATE: 01/01/2023 ADDRESS: 8530 Eagle Point Blvd, Suite 125, Lake Elmo MN 55042, United States DESCRIPTION: Group Employee benefits, retirement plans. **ERIC KUITU FINANCIAL SERVICES LLC POSITION: Owner NATURE: Owner/Partner/of LLC/S-Corp/REIT INVESTMENT RELATED: No NUMBER OF HOURS: 10 SECURITIES TRADING HOURS: 10 START DATE: 03/04/2025 ADDRESS: 8530 Eagle Point Blvd. Suite 125, Suite 125, Lake Elmo MN 55042, United States DESCRIPTION: Setup for payroll for my assistant and to pay business expenses from only. **BANKIN MINNESOTA POSITION: Financial Advisor NATURE: Member of BankIn MN Association INVESTMENT RELATED: No NUMBER OF HOURS: 5 SECURITIES TRADING HOURS: 1 START DATE: 07/01/2025 ADDRESS: 8530 Eagle Point Blvd, Suite 125, LAKE ELMO MN 55042-8650, United States DESCRIPTION: Opportunity to meet C Suite bank executives and network. **KUITU FINANCIAL SERVICES (DBA) POSITION: Financial Advisor NATURE: DBA INVESTMENT RELATED: No NUMBER OF HOURS: 20 SECURITIES TRADING HOURS: 8 START DATE: 07/01/2018 ADDRESS: 8530 Eagle Point Blvd, Suite 125, LAKE ELMO MN 55042-8650, United States DESCRIPTION: The role is to have a name over the 3 family members it comprises. Been in place since 1969, when James Kuitu started Kuitu Financial Services. My compensation runs thru my own LLC.
CRS (Client Relationship Summary) - RIA
Click below to view Eric J Kuitu's CRS (Customer Relationship Summary).
CRS (Client Relationship Summary) - BD
Click below to view Eric J Kuitu'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®
CFP®
Start date: 2006
Experience
Current
October 17, 2018 - Present
PRINCIPAL SECURITIES, INC.
Office #1: 8530 Eagle Point Blvd Ste 125, Lake Elmo, MN 55042RIA
BD
CRD#: 1137
Lake Elmo, MN
Current
October 16, 2018 - Present
PRINCIPAL SECURITIES, INC.
Office #1: 8530 Eagle Point Blvd Ste 125, Lake Elmo, MN 55042RIA
BD
CRD#: 1137
Lake Elmo, MN
Past
January 29, 2014 - April 24, 2017
ADVISORNET WEALTH PARTNERS
RIA
CRD#: 113074
WHITE BEAR LAKE, MN
Past
August 22, 2013 - October 12, 2018
CETERA WEALTH SERVICES, LLC
RIA
CRD#: 13572
WHITE BEAR LAKE, MN
Past
October 15, 2012 - October 12, 2018
CETERA WEALTH SERVICES, LLC
BD
CRD#: 13572
WHITE BEAR LAKE, MN
Past
January 2, 2008 - October 15, 2012
WOODBURY FINANCIAL SERVICES, INC.
BD
CRD#: 421
WHITE BEAR LAKE, MN
Past
October 16, 1996 - July 3, 2006
IDS LIFE INSURANCE COMPANY
BD
CRD#: 6321
MINNEAPOLIS, MN
Past
October 16, 1996 - February 4, 2008
AMERIPRISE FINANCIAL SERVICES, LLC
BD
CRD#: 6363
APPLE VALLEY, MN
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)BD
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.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(6/7/2024)
RR
Arizona(10/16/2018)
RR
California(10/16/2018)
RR
Florida(10/16/2018)
RR
Idaho(8/13/2021)
RR
Kansas(10/19/2020)
RR
Minnesota(10/16/2018)
IAR
Minnesota(10/17/2018)
RR
Nevada(2/21/2024)
RR
North Carolina(1/16/2021)
RR
Wisconsin(10/16/2018)
Exams
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
Principal/Supervisory Exam
SRO Registrations
RR
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)BD
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
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 | ||
| 10/28/2024 | ||
| 11/28/2023 | ||
| 09/22/2023 | ||
| 12/20/2022 |
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.
