Acumen Financial Advisors provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, insurance, and tax planning. Financial planning was provided to 51–100 clients last fiscal year.
Acumen Financial Advisors reports 220 clients. They include 134 high-net-worth individuals and 86 individual clients. Of its assets, 0.0% ($0 across 0 accounts) are managed with discretion; $465M across 624 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 39% | 7% |
| High-net-worth individuals | 61% | 93% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 86 | $32.7M | 7.0% | $380K |
| High-net-worth individuals | 134 | $433M | 93.0% | $3.23M |
| Total | 220 | $465M | 100% | $2.11M |
- Clients
- 86
- Regulatory AUM
- $32.7M
- AUM share
- 7.0%
- Avg. per client
- $380K
- Clients
- 134
- Regulatory AUM
- $433M
- AUM share
- 93.0%
- Avg. per client
- $3.23M
Total
- Clients
- 220
- Regulatory AUM
- $465M
- AUM share
- 100%
- Avg. per client
- $2.11M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Acumen Financial Advisors charges up to 2.50% a year for its VISION2020 Advisor Managed Portfolios. The fee is billed in advance, is negotiable and requires an account of at least $50,000. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Comprehensive Financial Planning
- Financial planning is billed hourly or as a fixed fee; annual fees for a financial plan range from $500 to $10,000, depending on the client's needs and plan complexity.
Todd Steger owns 75% or more of Acumen Financial Advisors. The leadership team of Acumen Financial Advisors includes Chief Compliance Officer Deborah Futterer. It has 5 employees, 1 of them in advisory roles.
Staff
- 5 employees
- 1 in advisory functions
- 1 state-registered rep
- 1 broker-dealer rep
- 1 insurance agent
- Owns 75% or more of Acumen Financial Advisors, LLC
Todd Steger
Control person · since November 2009
Acumen Financial Advisors’ regulatory assets grew from $390M (March 2021) to $465M (March 2026); clients fell from 246 to 220 and employees from 6 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $465M | 220 | 5 | 1 |
| Mar 2025March 2025 | $404M | 226 | 5 | 1 |
| Mar 2024March 2024 | $390M | 211 | 4 | 1 |
| Apr 2023April 2023 | $306M | 197 | 4 | 1 |
| Mar 2022March 2022 | $453M | 259 | 6 | 1 |
| Mar 2021March 2021 | $390M | 246 | 6 | 1 |
Besides its headquarters, Acumen Financial Advisors has 0 offices, with 1 listed address in 1 state.
Minnesota · 1 listed address
- 3601 West 76th Street, Suite 475, EdinaHQ
Contact and registration details
- Legal name
- Acumen Financial Advisors, LLC
- Headquarters
- 3601 West 76th Street, Suite 475, Edina, MN 55435
- Website
- Not reported
- Phone
- 952-521-1625
- SEC file
- 801-71042
- Founded
- 1995
- Structure
- Minnesota LLC
- Fiscal year end
- December
Acumen Financial Advisors has custody of $70.8M for 196 clients.
At year end, Acumen Financial Advisors’ separately managed accounts were mostly in stocks (95%).
What the accounts hold
- Stocks95%
- Cash5%
How many clients does Acumen Financial Advisors have?
Acumen Financial Advisors has 220 clients and manages $465 million for them, as of March 2026. They include 134 high-net-worth individuals and 86 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Acumen Financial Advisors offer?
Acumen Financial Advisors provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, insurance, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Acumen Financial Advisors charge?
Acumen Financial Advisors charges up to 2.50% a year for its VISION2020 Advisor Managed Portfolios. The fee is billed in advance, is negotiable and requires an account of at least $50,000.
How many financial advisors does Acumen Financial Advisors have?
Acumen Financial Advisors has 1 investment adviser representative registered with state securities authorities, out of 5 employees, and 1 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Acumen Financial Advisors invest in?
At the end of its last fiscal year, Acumen Financial Advisors’ separately managed accounts held 95% exchange-traded equities and 5% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Acumen Financial Advisors have a minimum investment?
Yes, Acumen Financial Advisors’ minimum account size for its VISION2020 Advisor Managed Portfolios is $50K.
Who owns Acumen Financial Advisors?
Acumen Financial Advisors’ direct owner is Todd Steger (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Acumen Financial Advisors get paid?
Acumen Financial Advisors is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Acumen Financial Advisors?
Acumen Financial Advisors’ main office is at 3601 West 76th Street, Suite 475, Edina, MN 55435. Its phone number is 952-521-1625.