Encore Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars.
Encore Wealth Advisors reports 464 clients. They include 382 individual clients, 55 high-net-worth individuals, and 21 pension and profit-sharing plans. Nearly all assets ($122M across 1,003 accounts) are managed with discretion; $23.8K across 1 account is not. Of its clients, 2% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 82% | 52% |
| High-net-worth individuals | 12% | 36% |
| Pension and profit-sharing plans | 5% | 10% |
| Charitable organizations | 1% | 1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 382 | $63.2M | 51.9% | $165K |
| High-net-worth individuals | 55 | $44.1M | 36.3% | $802K |
| Pension and profit-sharing plans | 21 | $12.2M | 10.0% | $582K |
| Charitable organizations | 5 | $1.6M | 1.3% | $321K |
| Corporations and other businesses | Fewer than 5 | $561K | 0.5% | $561K |
| Total | 464 | $122M | 100% | — |
- Clients
- 382
- Regulatory AUM
- $63.2M
- AUM share
- 51.9%
- Avg. per client
- $165K
- Clients
- 55
- Regulatory AUM
- $44.1M
- AUM share
- 36.3%
- Avg. per client
- $802K
- Clients
- 21
- Regulatory AUM
- $12.2M
- AUM share
- 10.0%
- Avg. per client
- $582K
- Clients
- 5
- Regulatory AUM
- $1.6M
- AUM share
- 1.3%
- Avg. per client
- $321K
- Clients
- Fewer than 5
- Regulatory AUM
- $561K
- AUM share
- 0.5%
- Avg. per client
- $561K
Total
- Clients
- 464
- Regulatory AUM
- $122M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 2%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Encore Wealth Advisors charges up to 1.60% a year for its Wealth Management Services. The fee is billed in advance and is negotiable. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- Ongoing Financial Planning
- Initial fee of up to $2,000, then a recurring fixed fee of up to $600 per quarter, paid in arrears; fees are negotiable.
- Project-Based Financial Planning
- Fixed fees of $100 to $3,000 or hourly rates of $100 to $310, depending on the scope of the project; fees are negotiable.
- Retirement Plan Consulting/Management
- Annual advisory fee of up to 1.60% of average daily balance, paid quarterly in advance or in arrears; fees are negotiable.
The Timothy J. Schaefer and Kristin owns 75% or more of Encore Wealth Advisors. It has 4 employees, 1 of them in advisory roles.
Staff
- 4 employees
- 1 in advisory functions
- 1 state-registered rep
- 1 insurance agent
- Owns 75% or more of Encore Wealth Advisors, LLC
The Timothy J. Schaefer and Kristin
Control person · since November 2009
- Owns 75% or more of Encore Wealth Advisors, LLC
The Timothy J. Schaefer and Kristin K. Schaefer Living Trust
Control person · since November 2009
- Owns 50% to 75% of The Timothy J. Schaefer and Kristin K. Schaefer Living Trust
Timothy Schaefer
Control person · since November 2001
- Owns 50% to 75% of The Timothy J. Schaefer and Kristin K. Schaefer Living Trust
Kristin Schaefer
Control person · since November 2001
Besides its headquarters, Encore Wealth Advisors has 0 offices, with 1 listed address in 1 state.
Minnesota · 1 listed address
- 715 Atlantic Avenue, MorrisHQ
Contact and registration details
- Legal name
- Encore Wealth Advisors, LLC
- Headquarters
- 715 Atlantic Avenue, Morris, MN 56267
- Website
- encorewealthadvisors.com
- Phone
- 320-288-4084
- SEC file
- 801-134311
- Structure
- Minnesota corporation
- Fiscal year end
- December
Encore Wealth Advisors’ named custodians for separately managed accounts are Charles Schwab ($105M, 86%) and Capital Client Group ($16.8M, 14%). Encore Wealth Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $105M86%
- Capital Client GroupCapital Client Group, Inc. · Los Angeles, CA · $16.8M14%
At year end, Encore Wealth Advisors’ separately managed accounts were mostly in stocks (67%) and funds (27%).
What the accounts hold
- Stocks67%
- Funds27%
- Cash4%
- Other3%
- Structured notes3%
How many clients does Encore Wealth Advisors have?
Encore Wealth Advisors has 464 clients and manages $122 million for them, as of April 2026. They include 382 individual clients, 55 high-net-worth individuals, and 21 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 1 April 2026
What services does Encore Wealth Advisors offer?
Encore Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Encore Wealth Advisors charge?
Encore Wealth Advisors charges up to 1.60% a year for its Wealth Management Services. The fee is billed in advance and is negotiable.
Which custodians does Encore Wealth Advisors use?
Encore Wealth Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $105M and Capital Client Group, Inc. (Los Angeles, CA), with $16.8M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 1 April 2026
How many financial advisors does Encore Wealth Advisors have?
Encore Wealth Advisors has 1 investment adviser representative registered with state securities authorities, out of 4 employees, and 1 perform investment advisory functions. 0 employees are registered representatives 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 Encore Wealth Advisors invest in?
At the end of its last fiscal year, Encore Wealth Advisors’ separately managed accounts held 67% exchange-traded equities, 27% registered funds (mutual funds, ETFs, BDCs), 4% cash and equivalents and 3% other. The 3% other category is described as: Structured Notes.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Encore Wealth Advisors?
Encore Wealth Advisors is owned through a trust by Timothy and Kristin Schaefer. Its direct owners are the Timothy J. Schaefer and Kristin (75% or more) and the Timothy J. Schaefer and Kristin K. Schaefer Living Trust (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 1 April 2026
How does Encore Wealth Advisors get paid?
Encore Wealth 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 Encore Wealth Advisors?
Encore Wealth Advisors’ main office is at 715 Atlantic Avenue, Morris, MN 56267. Its phone number is 320-288-4084. Its website is encorewealthadvisors.com.
