Financial Perspectives provides financial planning, portfolio management for individuals and small businesses, estate planning, insurance, retirement plan services, tax planning, and tax preparation. Financial planning was provided to 11–25 clients last fiscal year.
Financial Perspectives reports 737 clients. They include 425 individual clients, 309 high-net-worth individuals and 2 charitable organizations. Of its assets, 99.9% ($1.17B across 1,848 accounts) are managed with discretion; $1.33M across 4 accounts are not. Of its clients, 1% are outside the U.S. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 58% | 10% |
| High-net-worth individuals | 42% | 90% |
| 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) | 425 | $115M | 9.8% | $270K |
| High-net-worth individuals | 309 | $1.05B | 89.6% | $3.39M |
| Charitable organizations | 2 | $6.02M | 0.5% | $3.01M |
| Corporations and other businesses | 1 | $2.16K | 0.0% | $2.16K |
| Total | 737 | $1.17B | 100% | $1.58M |
- Clients
- 425
- Regulatory AUM
- $115M
- AUM share
- 9.8%
- Avg. per client
- $270K
- Clients
- 309
- Regulatory AUM
- $1.05B
- AUM share
- 89.6%
- Avg. per client
- $3.39M
- Clients
- 2
- Regulatory AUM
- $6.02M
- AUM share
- 0.5%
- Avg. per client
- $3.01M
- Clients
- 1
- Regulatory AUM
- $2.16K
- AUM share
- 0.0%
- Avg. per client
- $2.16K
Total
- Clients
- 737
- Regulatory AUM
- $1.17B
- AUM share
- 100%
- Avg. per client
- $1.58M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Financial Perspectives is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Financial planning is billed hourly at $175 an hour or as a negotiable fixed fee, in arrears; total costs may range from $175 to $25,000 or more.
- Retirement Plan Consulting
- Retirement plan consulting is billed hourly at $175 an hour or as a negotiable fixed fee, in arrears.
Daniel Dugan owns 75% or more of Financial Perspectives. Daniel Dugan is CEO; the leadership team includes President David Dugan, Chief Operating Officer Luke Dugan and Chief Compliance Officer Nicole Wilken. It has 14 employees.
Leadership
- Daniel DuganChief Executive Officer
- David DuganVice President/Secretary/Treasurer
- Luke DuganPresident & Chief Operating Officer
- Nicole WilkenChief Compliance Officer
Investment adviser representatives
15 representatives listed in the SEC register as of 9 October 2026.
- Olivia Nicole Drey
- Allison Lezette Dugan
- Daniel James Dugan
- David William Dugan
- Luke Michael Dugan
- William Patrick Dugan
- Lisa Kay Johnson
- Matthew Steven Johnson
- Jennifer Marie Lachinski
- Steven Howard Loheit
- Austin W Mandelkow
- Justin J Marvin
- Cayden Andrew Saxon
- Marrissa Sue Svenningsen
- Nicole Lynn Wilken
Staff
- 14 employees
- 14 in advisory functions
- 14 state-registered reps
- 11 broker-dealer reps
- 6 insurance agents
- Owns 75% or more of Financial Perspectives, Inc.
Daniel Dugan
Control person · since April 2005
Financial Perspectives’ regulatory assets grew from $838M (March 2021) to $1.17B (March 2026); clients rose from 590 to 737 and employees from 12 to 14.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.17B | 737 | 14 | 4 |
| May 2025 | $1B | 690 | 14 | 4 |
| June 2024 | $865M | 659 | 13 | 3 |
| July 2023 | $744M | 642 | 13 | 2 |
| March 2022 | $768M | 630 | 13 | 2 |
| March 2021 | $838M | 590 | 12 | 2 |
Besides its headquarters, Financial Perspectives has 3 offices (3 private residences, listed without an address), with 1 listed address in Minnesota.
Minnesota · 1 listed address
- 3300 Fernbrook LN N, Suite 250, MinneapolisHQ
Contact and registration details
- Legal name
- Financial Perspectives, Inc.
- Headquarters
- 3300 Fernbrook LN N, Suite 250, Minneapolis, MN 55447-5341
- Website
- fpwealth.com
- Phone
- 763-553-7779
- SEC file
- 801-97343
- Structure
- Minnesota corporation
- Fiscal year end
- December
Financial Perspectives uses Fidelity ($1.17B) as custodian for its separately managed accounts. Financial Perspectives has custody of $186M in client assets for 71 clients.
- FidelityNational Financial Services LLC · Jersey City, NJ · $1.17B100%
At year end, Financial Perspectives’ separately managed accounts were mostly in funds (74%) and stocks (16%). Its reported 13F holdings for the quarter ended 30 June 2026 total $411M across 728 positions; the largest are Vanguard World FD (6.5%), Vanguard Whitehall Fds (5.7%) and Apple Inc. (4.6%).
What the accounts hold
- Stocks16%
- Funds74%
- Registered funds73%
- Pooled vehicles1%
- Cash7%
Filed values cover 97%. The neutral 3% gap has no reported category.
Reported 13F holdings
- $411M
- Reported 13F value
- 728
- Positions
- 39.9%
- In the 10 largest
- +14.7%
- Value vs. prior quarter
- Vanguard World FD · Inf Tech ETF6.5%
- Vanguard Whitehall Fds · High Div Yld5.7%
- Apple Inc.4.6%
- Medtronic PLC4.0%
- Taiwan Semiconductor Manufac · Sponsored ADS3.8%
- Vanguard Whitehall Fds · Intl High ETF3.4%
- iShares TR · S&P 500 Grwt ETF3.4%
- Microsoft Corp.3.2%
- Broadcom Inc.2.8%
- Vanguard Specialized Funds · Div App ETF2.6%
Together, the ten largest are 39.9% of reported value.
How many clients does Financial Perspectives have?
Financial Perspectives has 737 clients and manages $1.17 billion for them, as of March 2026. They include 425 individual clients, 309 high-net-worth individuals and 2 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026
What services does Financial Perspectives offer?
Financial Perspectives provides financial planning, portfolio management for individuals and small businesses, estate planning, insurance, retirement plan services, tax planning, and tax preparation.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does Financial Perspectives use?
Financial Perspectives’ separately managed account assets are held at National Financial Services LLC (Jersey City, NJ), with $1.17B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 March 2026
How many financial advisors does Financial Perspectives have?
Financial Perspectives has 14 investment adviser representatives registered with state securities authorities, out of 14 employees, and 14 perform investment advisory functions. 11 employees are registered representatives of a broker-dealer and 6 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Financial Perspectives invest in?
At the end of its last fiscal year, Financial Perspectives’ separately managed accounts held 73% registered funds (mutual funds, ETFs, BDCs), 16% exchange-traded equities, 7% cash and equivalents and 1% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Financial Perspectives?
Financial Perspectives’ direct owner is Daniel Dugan (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 25 March 2026
How does Financial Perspectives get paid?
Financial Perspectives 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
Is Financial Perspectives registered with the SEC?
Yes, Financial Perspectives has been registered with the SEC as an investment adviser since 2 June 2015. Its CRD number is 135549 and its SEC file number is 801-97343.
Source: Form ADV Part 1A, Item 1, filed 25 March 2026; IAPD firm record
How do I contact Financial Perspectives?
Financial Perspectives’ main office is at 3300 Fernbrook LN N, Suite 250, Minneapolis, MN 55447-5341. Its phone number is 763-553-7779. Its website is fpwealth.com.