Jay S. Thorp

ADVANCED CAPITAL GROUP

Minneapolis, MN 55402

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CRD#: 2841395

Professional summary

Jay S Thorp, who also goes by Jay Shawn Thorp, Jay Thorp, is a registered financial advisor currently at ADVANCED CAPITAL GROUP located in Minneapolis, Minnesota.

Jay is registered as an IAR (Investment Advisor Representative) and started their career in finance in 1997. Jay has worked at 7 firms and has passed the Series 66, Series 65, Series 63, SIE and Series 7 exams.

Question & Answer

Are you a "fiduciary"?

Yes

Aliases

Jay Shawn Thorp | Jay Thorp

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.

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Jay S Thorp'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®

None

Experience

Current

January 17, 2023 - Present

ADVANCED CAPITAL GROUP

Office #1: 50 South Sixth Street Suite 975, Minneapolis, MN 55402

RIA

CRD#: 109673

Minneapolis, MN

Past

April 29, 2022 - January 30, 2023

EDWARD JONES

RIA

CRD#: 250

St Paul, MN

Past

April 29, 2022 - January 30, 2023

EDWARD JONES

CRD#: 250

St Paul, MN

Past

January 12, 2021 - April 5, 2022

RBC CAPITAL MARKETS, LLC

RIA

CRD#: 31194

ST. PAUL, MN

Past

December 4, 2020 - April 5, 2022

RBC CAPITAL MARKETS, LLC

CRD#: 31194

ST. PAUL, MN

Past

November 3, 2020 - November 10, 2020

THRIVENT INVESTMENT MANAGEMENT INC.

CRD#: 18387

GOLDEN VALLEY, MN

Past

December 20, 2013 - July 25, 2017

LPL FINANCIAL LLC

RIA

CRD#: 6413

BLOOMINGTON, MN

Past

June 13, 2012 - July 25, 2017

LPL FINANCIAL LLC

CRD#: 6413

BLOOMINGTON, MN

Past

May 18, 2010 - June 18, 2012

AMERIPRISE FINANCIAL SERVICES, LLC

CRD#: 6363

EDINA, MN

Past

March 6, 1997 - July 3, 2006

IDS LIFE INSURANCE COMPANY

CRD#: 6321

MINNEAPOLIS, MN

Past

March 6, 1997 - July 16, 2009

AMERIPRISE FINANCIAL SERVICES, LLC

CRD#: 6363

EDINA, 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".

ADVANCED CAPITAL GROUP

ADVANCED CAPITAL GROUP | ALERA GROUP, INC. | ADVANCED CAPITAL GROUP, INC.

CRD#: 109673 / SEC#: 801-65944

RIA

Registered Investment Advisory firm - (1/31/2006 Approved)

Illinois

Registered Investment Advisory firm - (1/10/2018 Terminated)

Michigan

Registered Investment Advisory firm - (2/7/2018 Terminated)

Wisconsin

Registered Investment Advisory firm - (2/1/2018 Terminated)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

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

Minnesota
(1/17/2023)

IAR

Wisconsin
(1/17/2023)

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.

Exams

State Security Law Exam

IAR

Series 66

Date: 1/8/2021

Uniform Combined State Law Examination

State Security Law Exam

IAR

Series 65

Date: 3/6/2013

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 3/12/1997

Uniform Securities Agent State Law Examination

General Industry/Product Exam

SIE

Date: 7/25/2017

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Date: 3/5/1997

General Securities Representative Examination

Current Firm

ADVANCED CAPITAL GROUP

ADVANCED CAPITAL GROUP | ALERA GROUP, INC. | ADVANCED CAPITAL GROUP, INC.

CRD#: 109673 / SEC#: 801-65944

RIA

Registered Investment Advisory firm - (1/31/2006 Approved)

Illinois

Registered Investment Advisory firm - (1/10/2018 Terminated)

Michigan

Registered Investment Advisory firm - (2/7/2018 Terminated)

Wisconsin

Registered Investment Advisory firm - (2/1/2018 Terminated)

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Contact information

Main Address

50 South Sixth Street Suite 975, Minneapolis, MN 55402

Mailing Address

Phone number

(612) 230-3000

Established

Firm type

Fiscal year end

# of Employees

SEC notice filing (19 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

ADV 2A (4/1/2025)

Regulatory assets under management

Total Number of Accounts	363
AUM (Assets Under Management)	$ 27,844,415,264

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.

Contact information

(xxx) xxx-xxxx

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Advisor Monitoring

Firm Stability Insights

Jay S. Thorp

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Jay S Thorp's CRS (Customer Relationship Summary).

Certified licenses

Experience

EDWARD JONES

EDWARD JONES

RBC CAPITAL MARKETS, LLC

RBC CAPITAL MARKETS, LLC

THRIVENT INVESTMENT MANAGEMENT INC.

LPL FINANCIAL LLC

LPL FINANCIAL LLC

AMERIPRISE FINANCIAL SERVICES, LLC

IDS LIFE INSURANCE COMPANY

AMERIPRISE FINANCIAL SERVICES, LLC

Primary Firm SEC Registration

ADVANCED CAPITAL GROUP

State Registrations and Notice Filings

Exams

Series 66

Date: 1/8/2021

Series 65

Date: 3/6/2013

Series 63

Date: 3/12/1997

SIE

Date: 7/25/2017

Series 7

Date: 3/5/1997

Current Firm

ADVANCED CAPITAL GROUP

Contact information

SEC notice filing (19 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Red Flags

Company Information

ADVANCED CAPITAL GROUP

TRUST BUT VERIFY

Contact information

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