LB
Laura L. Basballe
FOCUS FINANCIAL
BURNSVILLE, MN 55337
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CRD#: 2910133
LB
Professional summary
Laura Lynn Basballe is a registered financial advisor currently at FOCUS FINANCIAL located in Burnsville, Minnesota and OSAIC WEALTH, INC. located in Burnsville, Minnesota.
Laura is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2021. Laura has worked at 2 firms and has passed the Series 66, Series 63, SIE and Series 7 exams.
Question & Answer
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.
1) FOCUS FINANCIAL NETWORK, INC. POSITION: Investment Advisory Representative NATURE: Registered Investment Advisory Representative. INVESTMENT RELATED: Yes NUMBER OF HOURS: 160 SECURITIES TRADING HOURS: 130 START DATE: 09/01/1999 ADDRESS: 1500 McAndrews Rd W, Suite 210, Burnsville MN 55337, United States DESCRIPTION: I place trades in clients' Schwab accounts, establish new Schwab accounts and complete transfer forms, address changes, and arrange for systematic inflows / outflows from clients' Schwab accounts. I review portfolios for clients using software, make suggestions for rebalancing, and monitor for portfolio drift. 2) THE BASBALLE GROUP, INC. POSITION: Owner NATURE: The Basballe Group, Inc. is structured as an S-Corporation to deliver tax preparation services, tax planning, tax consulting and accounting / Quickbooks services. INVESTMENT RELATED: No NUMBER OF HOURS: 10 SECURITIES TRADING HOURS: 3 START DATE: 12/21/2020 ADDRESS: 1500 McAndrews Rd W, Suite 210, Burnsville MN 55337, United States DESCRIPTION: I will be overseeing the activities of my employee, Amy Moser, as she conducts tax return preparation, accounting services, tax planning and tax consulting, and other income tax related activities for our mutual clients as well as the marketing we will both be doing to attract new clients to The Basballe Group. We have a client engagement letter that clearly specifies a bright line between tax planning services offered by The Basballe Group, Inc. and investment management / financial planning services offered through Focus Financial. 3) BASBALLE RENTAL PROPERTY POSITION: Farm House Owner NATURE: Advisor is in the process of establishing an LLC to be able to purchase investment property with the intent of renting it out. The Advisor's father died three months ago, and the Advisor's mother wishes to sell the family farm / homestead and does not want to carry on with the management of the farm house property and care of the various outbuildings on the farm. The farm site is located in Redwood Falls, MN, approximately 90 minutes from Advisor's primary residence. Advisor will be making frequent monthly trips back to Redwood Falls to visit with her mother, who now lives in independent living. This is a solid investment opportunity to see appreciation in the 10 acres of open land attached to the farm site, and to rent out the farm house for monthly income. The negotiation for this investment property is happening now, and if successful in winning the bid, this rental property activity will start later in the summer months of 2025. INVESTMENT RELATED: Yes NUMBER OF HOURS: 2 SECURITIES TRADING HOURS: 0 START DATE: 04/01/2025 ADDRESS: 240 Walnut Lane, Apple Valley MN 55124, United States DESCRIPTION: As owner of this investment property, I will engage in monthly collection of rent from the farm house and the occasional property inspection to ensure appliances and the house is in working order for the tenant. I will occasionally need to review the insurance policies for this property as well. This will not require day-to-day property management. I will have local professionals who will be on call if repairs of appliances need to be made
CRS (Client Relationship Summary) - RIA
Click below to view Laura Lynn Basballe'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®
NoneExperience
Current
June 21, 2013 - Present
FOCUS FINANCIAL
Office #1: 1500 Mcandrews Rd W Suite 210, Burnsville, MN 55337RIA
CRD#: 116140
BURNSVILLE, MN
Current
July 9, 1997 - Present
OSAIC WEALTH, INC.
Office #1: 1500 Mcandrews Road West Suite 210, Burnsville, MN 55337RIA
BD
CRD#: 23131
Burnsville, MN
Past
December 1, 2021 - September 5, 2023
OSAIC WEALTH, INC.
RIA
CRD#: 23131
BURNSVILLE, 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".
FOCUS FINANCIAL
AFC FINANCIAL ADVISORY GROUP | MOSER & HEIER FINANCIAL SOLUTIONS | MERTZ WEALTH STRATEGIES | KMF ADVISORS | FOCUS FINANCIAL NETWORK, INC. | FOCUS FINANCIAL | FDI INCORPORATED/FINANCIAL DESIGNS | BROOKLANDS
CRD#: 116140 / SEC#: 801-71117
RIA
Registered Investment Advisory firm - (3/2/2010 Approved)Arizona
Registered Investment Advisory firm - (3/5/2010 Terminated)California
Registered Investment Advisory firm - (3/8/2010 Terminated)Colorado
Registered Investment Advisory firm - (3/12/2010 Terminated)Florida
Registered Investment Advisory firm - (3/5/2010 Terminated)Georgia
Registered Investment Advisory firm - (3/5/2010 Terminated)Illinois
Registered Investment Advisory firm - (3/2/2010 Terminated)Indiana
Registered Investment Advisory firm - (3/9/2010 Terminated)Iowa
Registered Investment Advisory firm - (3/5/2010 Terminated)Massachusetts
Registered Investment Advisory firm - (3/24/2010 Terminated)Minnesota
Registered Investment Advisory firm - (3/8/2010 Terminated)Missouri
Registered Investment Advisory firm - (3/5/2010 Terminated)Nebraska
Registered Investment Advisory firm - (3/12/2010 Terminated)New Jersey
Registered Investment Advisory firm - (3/5/2010 Terminated)New York
Registered Investment Advisory firm - (3/5/2010 Terminated)North Carolina
Registered Investment Advisory firm - (3/5/2010 Terminated)North Dakota
Registered Investment Advisory firm - (3/5/2010 Terminated)Ohio
Registered Investment Advisory firm - (3/5/2010 Terminated)Oregon
Registered Investment Advisory firm - (3/5/2010 Terminated)Pennsylvania
Registered Investment Advisory firm - (3/31/2010 Terminated)South Dakota
Registered Investment Advisory firm - (3/5/2010 Terminated)Texas
Registered Investment Advisory firm - (3/5/2010 Terminated)Washington
Registered Investment Advisory firm - (3/5/2010 Terminated)Wisconsin
Registered Investment Advisory firm - (3/5/2010 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
Arizona(12/12/2008)
RR
California(1/24/2000)
RR
Colorado(1/24/2005)
RR
Florida(11/19/2008)
RR
Georgia(4/25/2016)
RR
Illinois(4/9/2024)
RR
Indiana(7/29/2021)
RR
Maine(5/19/2020)
RR
Minnesota(7/29/1997)
IAR
Minnesota(12/9/2013)
RR
Missouri(1/10/2020)
RR
Nebraska(8/3/2021)
RR
New Jersey(1/23/2015)
RR
New York(10/18/2017)
RR
North Carolina(2/14/2025)
RR
Ohio(4/28/2014)
RR
Pennsylvania(12/1/2021)
RR
South Dakota(5/13/2013)
RR
Tennessee(1/24/2022)
RR
Texas(10/14/2021)
RR
Virginia(12/4/2024)
RR
Wisconsin(8/23/1999)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
SRO Registrations
RR
FINRA
Current Firm
FOCUS FINANCIAL
AFC FINANCIAL ADVISORY GROUP | MOSER & HEIER FINANCIAL SOLUTIONS | MERTZ WEALTH STRATEGIES | KMF ADVISORS | FOCUS FINANCIAL NETWORK, INC. | FOCUS FINANCIAL | FDI INCORPORATED/FINANCIAL DESIGNS | BROOKLANDS
CRD#: 116140 / SEC#: 801-71117
RIA
Registered Investment Advisory firm - (3/2/2010 Approved)Arizona
Registered Investment Advisory firm - (3/5/2010 Terminated)California
Registered Investment Advisory firm - (3/8/2010 Terminated)Colorado
Registered Investment Advisory firm - (3/12/2010 Terminated)Florida
Registered Investment Advisory firm - (3/5/2010 Terminated)Georgia
Registered Investment Advisory firm - (3/5/2010 Terminated)Illinois
Registered Investment Advisory firm - (3/2/2010 Terminated)Indiana
Registered Investment Advisory firm - (3/9/2010 Terminated)Iowa
Registered Investment Advisory firm - (3/5/2010 Terminated)Massachusetts
Registered Investment Advisory firm - (3/24/2010 Terminated)Minnesota
Registered Investment Advisory firm - (3/8/2010 Terminated)Missouri
Registered Investment Advisory firm - (3/5/2010 Terminated)Nebraska
Registered Investment Advisory firm - (3/12/2010 Terminated)New Jersey
Registered Investment Advisory firm - (3/5/2010 Terminated)New York
Registered Investment Advisory firm - (3/5/2010 Terminated)North Carolina
Registered Investment Advisory firm - (3/5/2010 Terminated)North Dakota
Registered Investment Advisory firm - (3/5/2010 Terminated)Ohio
Registered Investment Advisory firm - (3/5/2010 Terminated)Oregon
Registered Investment Advisory firm - (3/5/2010 Terminated)Pennsylvania
Registered Investment Advisory firm - (3/31/2010 Terminated)South Dakota
Registered Investment Advisory firm - (3/5/2010 Terminated)Texas
Registered Investment Advisory firm - (3/5/2010 Terminated)Washington
Registered Investment Advisory firm - (3/5/2010 Terminated)Wisconsin
Registered Investment Advisory firm - (3/5/2010 Terminated)Upgrade to AdvisorCheck Premium
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Contact information
Main Address
1300 Godward Street Ne Suite 5500, Minneapolis, MN 55413
Mailing Address
Phone number
(651) 631-8166
Established
Firm type
Fiscal year end
# of Employees
172
SEC notice filing (46 States and Territories)
Documents
Regulatory assets under management
| Total Number of Accounts | 26,057 |
| AUM (Assets Under Management) | $ 6,262,663,508 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 01/16/2025 |
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.
