Berger Financial Group, Inc.
SEC-registered
Insurance-Affiliated · Mid-sized ($1B–$10B)
CRD 308174
· SEC file 801-118923
· Plymouth, MN
· www.indfinco.com
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ADV data as of Mar 09, 2026
- Regulatory AUM
- $2.9B
- Discretionary
- $2.9B
- Clients
- 3,800
- Avg AUM / client
- $776K
- Accounts
- 11,139
- Employees
- 89
AUM over time
$977M
$2.9B
Oct 2020
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 09, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 2,942 | $2.1B | 70.0% |
| High net worth individuals | 813 | $866M | 29.4% |
| Charitable organizations | 5 | $2.4M | 0.08% |
| State or municipal government entities | 3 | $3.8M | 0.13% |
| Corporations and other businesses | 37 | $11.1M | 0.38% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Faegre Drinker Retirement Savings Plan 1 Faegre Drinker Biddle & Reath Llp | 2024 |
People (50)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Angela Marie Erickson | Advisor, Board Member | CFP | May 2020 (6y) | Less than 5% |
| April Therease Bortscheller | Vice President, Board Member | CFP | May 2020 (6y) | Less than 5% |
| Brozen, Neil, Matthew | Trustee | May 2020 (6y) | 50% – 75% | |
| Larry Allen Berger | Financial Advisor, Chairman | CFP | May 2020 (6y) | Less than 5% |
| Mark Allen Berger | Chief Compliance Officer, Principal, Board Member | CFP | May 2020 (6y) | 10% – 25% |
| Nicholas Robert Asmus | Ceo, Board Member | May 2020 (6y) | 10% – 25% | |
| Noll, Patrick, John | Chief Financial Officer | May 2020 (6y) | Less than 5% | |
| Amy Elizabeth Fracaro Choate | Registered representative | Jul 2020 (6y) | ||
| Blaine Micah Conklin | Registered representative | CFA | Jul 2020 (6y) | |
| Kim Harold Lillehaug | Registered representative | CFP | Jul 2020 (6y) | |
| Robert Stephen Smrekar | Registered representative | CFP | Jul 2020 (6y) | |
| Seth Wilfred Wagner | Registered representative | Jul 2020 (6y) | ||
| Kristi Lyn Sanz | Registered representative | Aug 2020 (6y) | ||
| Rachel Marie Meyer | Registered representative | Dec 2020 (6y) | ||
| Ryan Thomas Kompelien | Registered representative | CFP | Feb 2021 (5y) | |
| Krista Masera | Registered representative | Feb 2021 (5y) | ||
| Rebecca Lynn Lantzer | Registered representative | Feb 2021 (5y) | ||
| Lisa Cherie Greely | Registered representative | Apr 2021 (5y) | ||
| Troy Ray | Registered representative | Oct 2021 (5y) | ||
| Nicholas A Albert | Registered representative | Nov 2021 (5y) | ||
| Rebecca White Fetterman | Registered representative | CFP | Feb 2022 (4y) | |
| Matthew Jacob Gibbs | Registered representative | May 2022 (4y) | ||
| Anthony Harold Reynolds | Registered representative | Aug 2022 (4y) | ||
| Eric Kautzman | Registered representative | Aug 2022 (4y) | ||
| Eric Chatfield Hansen | Registered representative | Oct 2022 (4y) | ||
| Lucas Charles Auger | Registered representative | CFP | Oct 2022 (4y) | |
| Adam Jared Bjorklund | Registered representative | Feb 2023 (3y) | ||
| Paul Vincent Klinges | Registered representative | Aug 2023 (3y) | ||
| Dale Lawrence Tondryk | Registered representative | Nov 2023 (3y) | ||
| Melissa Anne Piconi | Registered representative | Nov 2023 (3y) | ||
| Adam Schoepke | Registered representative | Dec 2023 (3y) | ||
| Richard Lee Stone | Registered representative | CFP | Jan 2024 (3y) | |
| Morgan Anne Padget | Registered representative | CFP | Feb 2024 (2y) | |
| Nicholas Robert Gordon | Registered representative | CFP | Feb 2024 (2y) | |
| Michael James Toay | Registered representative | Jul 2024 (2y) | ||
| Carter James Morrissette | Registered representative | Oct 2024 (2y) | ||
| Andrew Jonathan Wixon | Registered representative | CFP | Oct 2024 (2y) | |
| Steven Michael Klane | Registered representative | Oct 2024 (2y) | ||
| William Brian Wixon | Registered representative | CFP Chartered Financial Consultant | Nov 2024 (2y) | |
| Amanda Bracklein | Registered representative | Dec 2024 (2y) | ||
| Sam Pirozzolo | Registered representative | Jan 2025 (2y) | ||
| Zach Shelby | Registered representative | Jul 2025 (1y) | ||
| Blake Paurus | Registered representative | Jul 2025 (1y) | ||
| Charlie Huskisson | Registered representative | Nov 2025 (1y) | ||
| Kristin Anderson | Registered representative | Nov 2025 (1y) | ||
| Roland Andrew Garland | Registered representative | Dec 2025 (1y) | ||
| Matthew Chad Hoekstra | Registered representative | Dec 2025 (1y) | ||
| Todd Ernst | Registered representative | Jan 2026 (1y) | ||
| Gabriel Michael Chase | Registered representative | Mar 2026 (0y) | ||
| Joseph Troszak | Registered representative | Apr 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Berger Financial Group Employee Stock Ownership Plan | Trust | May 2020 | A | 50% – 75% |
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Faegre Drinker Retirement Savings Plan 1 | Faegre Drinker Biddle & Reath Llp | 1,298 | $768M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/09/2026 | 988 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Educational seminars/workshops
Custody
Reported custodians
- Charles Schwab & Co. $1.6B (54% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 09, 2026.
View current Form ADV (SEC/IAPD) ↗