Timothy Schaefer has been Chief of Encore Wealth Advisors since August 2025, is a control person of the firm and directly owns under 5% of it. Timothy Schaefer holds a Bachelor of Science in Business Economics from South Dakota State University.
Encore Wealth Advisors, LLC is a Morris, MN firm with $122M under management, 464 clients and 1 adviser in one office, as of its April 2026 filing.
Tim Schaefer is with Encore Wealth Advisors, based in Morris, Minnesota. For over 12 years he managed the investment and financial planning department for a regional bank in Minnesota. In 2010 he started Encore Wealth Advisors to work with clients in wealth management, estate planning and financial planning, and also started Encore Consultants, Inc., a consulting firm for family-owned businesses.
Timothy Schaefer’s longest registration was 6 years at Securities America Advisors, Inc. (2014–2020). Before joining Encore Wealth Advisors in 2025, Timothy Schaefer was registered through LPL Financial LLC and Securities America Advisors, Inc.
- Encore Wealth AdvisorsCurrent– present · 1 yearMorris, MN · Adviser representative · Firm CRD 336566
- LPL Financial LLC– · 5 yearsMorris, MN · Adviser representative · Firm CRD 6413
- Securities America Advisors, Inc.– · 6 yearsMorris, MN · Adviser representative · Firm CRD 110518
Professional designations
Listed by Encore Wealth Advisors
- CERTIFIED FINANCIAL PLANNER™ (CFP®)
Investment adviser representative registrations
Timothy Schaefer is registered as an investment adviser representative in Minnesota, since September 2025.
- MinnesotaSince 15 September 2025
Examinations
| Exam | Name | Passed |
|---|---|---|
| SIE | Securities Industry Essentials Examination | Credited |
| Series 65 | Uniform Investment Adviser Law Examination | 22 September 1999 |
| Series 63 | Uniform Securities Agent State Law Examination | 26 August 1994 |
| Series 7 | General Securities Representative Examination | 17 August 1994 |
- Name
- Securities Industry Essentials Examination
- Name
- Uniform Investment Adviser Law Examination
- Name
- Uniform Securities Agent State Law Examination
- Name
- General Securities Representative Examination
- Full name
- Timothy John Schaefer
- CRD
- 2493666
- Firm
- Encore Wealth Advisors · CRD 336566
- Role
- Chief
- Office
- 715 ATLANTIC AVENUE, Morris, MN 56267
- Registration
- Investment adviser registration
- In the industry since
- August 1994
- Disciplinary history
- Not yet shown here · SEC record
- Firm bio
- encorewealthadvisors.net
Where does Timothy Schaefer work?
Timothy Schaefer has been Chief of Encore Wealth Advisors, LLC since August 2025, and is a control person of the firm.
Is Timothy Schaefer a financial advisor?
Yes. Timothy Schaefer has a current investment-adviser registration in Minnesota, through Encore Wealth Advisors since September 2025.
How many years of experience does Timothy Schaefer have?
Timothy Schaefer has 32 years in the financial industry, since August 1994, across 3 adviser firms.
What exams has Timothy Schaefer passed?
Timothy Schaefer has passed 3 licensing exams: the Series 7, Series 63 and Series 65. The earliest, the Series 7, was passed in August 1994. FINRA credited Timothy Schaefer with the SIE, which began in October 2018.
Where did Timothy Schaefer work before Encore Wealth Advisors?
Before Encore Wealth Advisors, Timothy Schaefer was registered through LPL Financial LLC, March 2020 to September 2025; Securities America Advisors, Inc., January 2014 to March 2020.
Where is Timothy Schaefer based?
Timothy Schaefer’s registered office is in Morris, MN.
Is Timothy Schaefer registered with FINRA?
No. Timothy Schaefer has no current broker registration.
Is Timothy Schaefer a CFP?
Encore Wealth Advisors lists Timothy Schaefer with the CFP credential (“CERTIFIED FINANCIAL PLANNER™ (CFP®)”) on its website. CFP Board confirms certification status.
Source: Tim Schaefer CFP® biography, encorewealthadvisors.net
How can I verify Timothy Schaefer’s record?
Search CRD 2493666 on the SEC’s adviser search (adviserinfo.sec.gov), which publishes Timothy Schaefer’s full registration record.