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Jesse Stephen Babich

ADVANCED ADVISOR GROUP
Duluth, MN
·CRD# 4493074·24 years experience

Professional Summary

Jesse Stephen Babich is a registered financial advisor currently at ADVANCED ADVISOR GROUP, LLC located in Duluth, Minnesota and EFS ADVISORS located in Duluth, Minnesota. Jesse is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2002. Jesse has worked at 3 firms and has passed the Series 63, Series 66, SIE, Series 6 and Series 7 exams.

At a Glance

Advisory Accounts Only

Fiduciary Standard

Fee Structure

Account Minimum

Active Clients

Fiduciary Standard

Fee Structure

Account Minimum

Active Clients

Other Aliases

There are no additional aliases reported.

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Videos & Posts

This advisor has not added any videos or posts yet.

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Contact Information

This advisor has not claimed their profile yet, so there is no contact information to display at this time.

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Disclosures are events reported to regulators, such as customer disputes, regulatory actions, employment separations, or financial events. Some are resolved, denied, or contested — a disclosure is not a verdict. We recommend asking an advisor directly about any disclosure on their record.

Disclosures on record.

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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Years of Experience

24 years in the financial services industry

Current & Past Employments

ADVANCED ADVISOR GROUP, LLC·CRD# 140393
RIA
BD
639 E Central Entrance, Duluth, MN 55811
January 15, 2014 - Present
EFS ADVISORS·CRD# 115211
RIA
639 E Central Entrance, Duluth, MN 55811
January 15, 2014 - Present
ADVANCED ADVISOR GROUP, LLC·CRD# 140393
RIA
BD
639 E Central Entrance, Duluth, MN 55811
July 16, 2010 - Present
EQUITABLE ADVISORS, LLC·CRD# 6627
BD
New York, NY
February 28, 2002 - May 22, 2003

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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 - SEC (3/11/2004 Approved)
Iowa
Registered Investment Advisory firm - Iowa (6/29/2004 Terminated)
North Dakota
Registered Investment Advisory firm - North Dakota (7/26/2004 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).

Contact Information

Main Address

1995 East Rum River Drive S, Cambridge, MN 55008

Phone Number

(763) 689-9023

# of Employees

59

SEC notice filing (51 States and Territories)

Registered to provide investment advisory services in 51 US states and territories.

Documents

Customer Relationship Summary (CRS / SEC)Latest Form ADV

Part 2 Brochures

EFS ADV PART 2 BROCHURE (3/3/2026)

Regulatory Assets Under Management

Total Number of Accounts

29,438

AUM (Assets Under Management)

$2,402,605,047

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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) JB RENTAL PROPERTIES-2118 4th AVE. EAST, HIBBING, MN 55746, OWNER, NON-INVESTMENT RELATED, MARCH 2005-CURRENT, OWN AND MANAGE one RENTAL PROPERTY; 2.5 HRS./MONTH. 2) JB LAWN SERVICE, 2118 4th AVE. E, HIBBING, MN 55476, OWNER/REPRESENTATIVE, LAWN MOWING, 15 HRS/MONTH, MAY 2011-CURRENT 3) Kiwanis Club of Hibbing, MN; PO Box 153, Hibbing, MN 55746; President; Community service organization; 3 hours weekly; April 2021-present 4) Elks Lodge #1022; 502 E Howard St, Hibbing, MN 55746; Boardmember; Community Service Organization; 1-2 hours biweekly; April 2021-present 5) Hibbing Public Utilities Non Inv Hibbing MN Public Utility Commissioner 11/2021 10 noninv 0 inv makes decisions pertaining to management of the utility and directs the general manager. Two meeting per month to attend. 6) Skywest Airlines non inv 03/2023 St George UT (Skywest Airlines) Hibbing Chisholm Hibbing MN Airport location Airline Customer Service Agent 03/2023 24 non inv 0 inv baggage handling, ticketing and customer service. 7) First Premiere Properties, Non INV, Hibbing, MN, 55746, Storage unit rental, President, owner/operator, 11/1/2024, 3 non inv, 0 inv/hrs month, Own a storage unit with 2 other people. Storage space is available for others to rent. 8) Red Ore Financial Services, INV, Duluth MN 55811, Pass through entity LLC, Owner, 08/26/2024, 0 hrs inv & noninv hrs, 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.

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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 - SEC (3/11/2004 Approved)
Iowa
Registered Investment Advisory firm - Iowa (6/29/2004 Terminated)
North Dakota
Registered Investment Advisory firm - North Dakota (7/26/2004 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.
RR
indicates the advisor is registered as a Registered Representative in this state, allowing securities offerings such as stocks, bonds, and mutual funds through a broker-dealer.
RR
Michigan
(2/19/2024)
RR
Minnesota
(8/9/2010)
IAR
Minnesota
(1/15/2014)
IAR
Virginia
(2/16/2024)
RR
Wisconsin
(11/3/2020)
IAR
Wisconsin
(2/19/2024)

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

Financial professionals may take different exams throughout their careers based on the types of services they provide and roles they perform.

Series 63 — Uniform Securities Agent State Law Examination

Passed Aug 2010About the Series 63 exam

Series 66 — Uniform Combined State Law Examination

Passed Mar 2002About the Series 66 exam

SIE — Securities Industry Essentials Examination

Passed Oct 2018About the SIE exam

Series 6 — Investment Company Products/Variable Contracts Representative Examination

Passed Jul 2010About the Series 6 exam

Series 7 — General Securities Representative Examination

Passed Feb 2002About the Series 7 exam
FINRA
SRO Registrations

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CRS (Client Relationship Summary) - RIA

Click below to view Jesse Stephen Babich's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

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