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- Custodian
- Charles Schwab & Company
- Clients
- Retail and Institutional
- Platforms
- Available in AdvizorPro
- Established Date
- 04-01-1996
- Office Locations
- 27
Office Locations
About EFS Advisors
EFS Advisors is a Minnesota-based RIA providing personal financial guidance, financial planning, and discretionary portfolio management for individuals and families, including entrepreneurs. Portfolios commonly use ETFs and mutual funds, with support for retirement planning, tax and estate planning, and insurance needs. Retail and institutional practice with a multi-office footprint and primary custody at Charles Schwab.
Reported data analysis
What the numbers show
Between March 11, 2025 and March 3, 2026, reported AUM increased 5.8%, from $2.3B to $2.4B.
Across 5 reported observations, AUM increased 23.7% between September 21, 2022 and March 3, 2026, from $1.9B to $2.4B.
Of the latest reported AUM, 91.8% is discretionary and 8.2% is non-discretionary.
The firm reports 52 advisory representatives and 21,701 clients, or 417.3 clients per representative. That equates to $110.7K in reported AUM per client.
The profile lists 27 reported office locations and 30 years in operation. The source data was last updated on March 3, 2026. Figures reflect reported regulatory data and may not include subsequent changes.
Team overview
Additional firm insights
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Available data coverage
- Asset Classes
- Custodian
- Investment Themes
- Investment Vehicles
- Platform
- Services
- Technology
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Owner & Executives
KENT DONALD SCHUTTE
Advisor, Chief Compliance Officer, President
- CRD
- #1432361
- Ownership
- 50% but less than 75%
Lynn M Schutte
Owner, President, VICE PRESIDENT
- CRD
- --
- Ownership
- 50% but less than 75%
Showing 2 of 4 owners & executives
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Joseph Albrecht
Wealth Management Advisor
- CRD
- #7578031
JESSE STEPHEN BABICH
Financial Advisor
- CRD
- #4493074
Showing 2 of 55 contacts
Unlock allAssets Under Management
| Category | Assets | AVG. Account size |
|---|---|---|
| Discretionary | $2,204,756,772 | $78,400 |
| Non-Discretionary | $197,848,275 | $150,341 |
| Total | $2,402,605,047 | $81,616 |
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Separately Managed Accounts
SMA allocation detail is available
EFS Advisors has reported separately managed account data across 5 asset classes. AdvizorPro provides the associated asset values, allocation percentages, and exportable breakdown.
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