DN
David W. Nielsen
ADVANCED ADVISOR GROUP
Mankato, MN 56001
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CRD#: 4429808
DN
Professional summary
David William Nielsen, who also goes by David William Nielsen, David William Thon, is a registered financial advisor currently at ADVANCED ADVISOR GROUP, LLC located in Mankato, Minnesota and EFS ADVISORS located in Mankato, Minnesota.
David is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2001. David has worked at 3 firms and has passed the Series 63, SIE and Series 6 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
David William Nielsen | David William Thon
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.
DWN Financial LLC, INV, Mankato, MN, 56001, Tax Purposes and Pass-Through Entity, President, Established 3/13/2012, approximately 1 inv hrs/mo for administrative tasks, 1 trading hrs, DWN Financial LLC is established for tax purposes to facilitate compensation for 1099 employee services. It functions as a pass-through entity for business-related activities associated with EFS Advisors. The LLC does not engage in any separate or additional business activities beyond this function. There is no direct compensation.
CRS (Client Relationship Summary) - RIA
Click below to view David William Nielsen'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
January 15, 2014 - Present
ADVANCED ADVISOR GROUP, LLC
Office #1: 1961 Premier Drive #406, Mankato, MN 56001RIA
BD
CRD#: 140393
Mankato, MN
Current
January 15, 2014 - Present
EFS ADVISORS
Office #1: 1961 Premier Drive #406, Mankato, MN 56001RIA
CRD#: 115211
MANKATO, MN
Current
October 6, 2008 - Present
ADVANCED ADVISOR GROUP, LLC
Office #1: 1961 Premier Drive #406, Mankato, MN 56001RIA
BD
CRD#: 140393
Mankato, MN
Past
September 24, 2001 - May 20, 2003
MML INVESTORS SERVICES, LLC
BD
CRD#: 10409
SPRINGFIELD, MA
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".
EA
EFS ADVISORS
EDUCATOR'S FINANCIAL SERVICES, INC. | EFS ADVISORS LLC | EFS ADVISORS
CRD#: 115211 / SEC#: 801-62857
RIA
Registered Investment Advisory firm - (3/11/2004 Approved)Iowa
Registered Investment Advisory firm - (6/29/2004 Terminated)North Dakota
Registered Investment Advisory firm - (7/26/2004 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
Iowa(2/28/2012)
IAR
Iowa(2/13/2025)
RR
Minnesota(10/9/2008)
IAR
Minnesota(1/15/2014)
IAR
North Dakota(2/26/2025)
RR
South Dakota(9/23/2010)
IAR
South Dakota(2/13/2025)
RR
Texas(2/12/2025)
IAR
Texas(2/12/2025)
RR
Wisconsin(2/13/2025)
IAR
Wisconsin(2/13/2025)
Exams
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
SRO Registrations
RR
FINRA
Current Firm
EA
EFS ADVISORS
EDUCATOR'S FINANCIAL SERVICES, INC. | EFS ADVISORS LLC | EFS ADVISORS
CRD#: 115211 / SEC#: 801-62857
RIA
Registered Investment Advisory firm - (3/11/2004 Approved)Iowa
Registered Investment Advisory firm - (6/29/2004 Terminated)North Dakota
Registered Investment Advisory firm - (7/26/2004 Terminated)Upgrade to AdvisorCheck Premium
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Contact information
Main Address
1995 East Rum River Drive S, Cambridge, MN 55008
Mailing Address
Phone number
(763) 689-9023
Established
Firm type
Fiscal year end
# of Employees
59
SEC notice filing (51 States and Territories)
Documents
Regulatory assets under management
| Total Number of Accounts | 29,714 |
| AUM (Assets Under Management) | $ 2,271,853,092 |
Red Flags
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Check for any disclosures as part of your thorough research when choosing an advisor.
Company Information
EFS ADVISORS
CRD#: 115211Mankato, MN 56001TRUST BUT VERIFY
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