Steve Drost, CFA, CFP®
Merging Values with Finances
Wealthtender Community Connect helps people discover the best financial advisors for their individual needs through their favorite blogs and podcasts.
Click Here to Learn More Great job!
- Add your tagline
- Add your headshot
- 📍Add Your Business Address
- Add your social media
- Sign up for our 💬 Community
- Add your details
Drost Financial
Steve Drost, CFA, CFP®
Fridley, MN
Serving Clients Nationwide
Merging Values with Finances
Areas of Focus
- Cash Flow
- Equity Compensation Options
- Estate Planning
- Financial Life Planning
- Investment Management
- Retirement Planning
- Saving for College
- Taxes
About Me
Hi, I'm Steve Drost, CFA, CFP® named one of Investment News' 40 under 40 as one of the best in the financial industry! I’m a financial planner with a very simple goal: to help my clients align their financial resources (i.e. what they have or will have) with their goals, dreams, and values. I am convinced that one will have a more fulfilled life when they can spend their time and money on the things, people, and causes that mean the most to them.I’ve always been a huge numbers nerd. I studied finance and commercial real estate at the University of Northern Iowa and graduated Magna Cum Laude in five semesters. I received the Purple and Old Gold Award, given to just one graduating student per major, for academic excellence. I moved to Minneapolis after college and immediately began the CFA program and then, shortly afterward, the CFP® program. In 2022, I was recognized as a top financial advisor in the country by InvestmentNews.
My free time is filled spending time with my wife, Marissa, and our sons, Calvin and Carter. We enjoy our trips up north to the lake and cheering on all Minnesota sports teams (especially the Twins). I also proudly served my community as a firefighter and actively volunteer on my church’s finance council.
Professional Designations
- CERTIFIED FINANCIAL PLANNER™ Professional
- Chartered Financial Analyst (CFA)
Affiliations
-
Financial Planning Association
- The AGC
Primary Location
6760 Madison St NE Fridley, Minnesota 55432
Meeting Options
- Video Conference
- In-Person
- Phone
Compensation Methods
- Percentage of Assets Managed
- Subscription
What to expect in the first meeting
Click the 'Book Intro Call' button above to schedule a free introductory call. We'll get to know each other and I'll listen to understand your unique circumstances so we can determine the best way to proceed. I look forward to speaking with you.Offers Investment Management
Yes
About our Firm
We are a fee-only financial planner that offers real financial planning for corporate executives and those preparing to retire.✅ YOUR PLANNER: Steve is a CERTIFIED FINANCIAL PLANNER™ and Chartered Financial Analyst who operates as a fee-only, independent financial planner. He always puts clients first and is a pledged Fiduciary.
✅ WHO WE SERVE: We refuse to be a jack of all trades, yet master of none. By being laser-focused on working with clients who are approaching (or already in) retirement and corporate executives, with advanced knowledge of General Mills and Republic Services benefits and compensation plans, we are able to provide unparalleled service to our clients.
✅ OUR SERVICES: Independent, fiduciary financial advice. We go deep into every important financial topic, tailored to each client, in order to build a financial plan that can actually be followed.
We offer a full range of Financial Planning services to help you achieve your and your family’s goals.
✔️RETIREMENT PLANNING: By understanding your current financial situation and long-term goals, we will work with you to develop a plan to enable your current assets to generate reliable paychecks during retirement.
✔️INVESTMENT MANAGEMENT: We spend considerable time discussing your goals - the people, experiences, and missions in your life that you want your investments to provide for. We then create and implement an investment strategy that aligns with your ideal life while focusing on minimizing fees and implementing textbook asset allocation.
✔️TAX PLANNING: With an overall goal of minimizing tax liability, we will work with you and your accountant to analyze your overall financial situation to create a tax-efficient strategy so that you keep as much of your earnings as possible.
✔️CASH FLOW PLANNING: Let us help you create a strategy to fund your retirement or current lifestyle. We take a strategic approach that balances your current financial needs with both expected and unexpected needs far into the future.
✔️INSURANCE PLANNING: We will work to understand your current needs and help you navigate the insurance landscape to find coverage that makes the most sense for today and tomorrow. This includes obtaining health insurance upon retiring but prior to Medicare eligibility.
✔️EQUITY COMPENSATION PLANNING: Options, Shareholder Agreements, pensions, and vesting do not have to be complicated. We have developed deep experience in interpreting company equity policies and can position you to maximize the compensation you’re entitled to.
✔️ESTATE PLANNING: We will work with you to define your beneficiaries and guide you through the wills, trusts, powers of attorney, and health care directives, as well as help you to plan for significant life changes and long-term care.
✔️EMPLOYEE BENEFIT PLANNING
We have vast experience in reviewing employee benefit plans including pensions, options, healthcare, 401 (k) matching, and other offerings, and will work with you to understand how to maximize the benefits available to you.
✔️COLLEGE PLANNING: Paying for the College experience of a loved one is one of the most impactful gifts you can make. We will work to understand your values and help you navigate how and when to pay as well as opportunities to minimize overall cost.
Education
University of Northern Iowa Bachelor of Arts (B.A.), Real Estate & Finance
Volunteer Experience
I proudly served my community as a firefighter and actively volunteer on my church’s finance council.
Awards and Honors
- Investment News 40 under 40
Hobbies and Interests
- Family
- Sports
- Traveling
- Volunteering
SEC Lookup
View DisclosureFINRA Lookup
View DisclosureWho We Serve
- Baby Boomers
- Corporate Executives
- Dual Income Family
- Gen X
To make Wealthtender free for readers, we earn a nominal monthly fee from financial advisors and firms in exchange for marketing services (including being featured on this profile page), subject to terms of use. This compensation creates a natural conflict of interest when we favor their promotion over others. Wealthtender is not a client of these advisors or firms. Testimonials may not be representative of other clients’ experiences and do not guarantee future performance or success.
We Want Your Voice to be Heard
Wealthtender exists to help people discover the most trusted and authentic financial advisors and educators in the finance community.
Your honest reviews help people decide which financial professionals and educators may be best suited to their individual needs.
The majority of people trust reviews as much as personal recommendations, so what you write in your review should reflect your own opinion and experience.
Tips for Writing a Helpful Review
Be descriptive. Instead of just saying what you like or dislike, share why. What have you enjoyed most or least about your experience with the provider? Have they helped you overcome a difficult financial challenge or strengthened your knowledge about particular money matters? The more details, the better!
Be honest. Your rating and review should reflect your actual experience.
Stay relevant. Ensure your review is helpful to others by avoiding off-topic discussions or personal opinions not relevant to your direct experience.
Make your review easy to read. Reviews should be readable to others. Use proper grammar, avoid excessive capitalization or punctuation, and be sure to check your spelling.
Be yourself. Don’t post as, or pretend to be, someone else, and do not say you’re associated with a person or organization with which you are not.
Be nice. Don’t write abusive, hateful, threatening, or harassing content. Avoid personal threats, hate speech, obscenities, or inflammatory language.
Respect the privacy of others. Don’t post information that can be used to identify another individual or compromise their privacy.
Report abuse. Thank you for helping us ensure reviews on Wealthtender are helpful to everyone. If you suspect possible violations of our guidelines or believe a review is inappropriate, please email support@wealthtender.com with a link to the provider’s profile, indicating the review in question and the reason you believe it violates our guidelines.
➡️ Are you reviewing a financial advisor? Learn more about Certified Advisor Reviews.
Disclaimers
Wealthtender reserves the right to remove reviews that violate its guidelines and/or regulations issued by the Federal Trade Commission, Securities and Exchange Commission, FINRA, and other regulatory agencies. Further, financial advisors are subject to individual firm policies and rules prescribed by federal and state regulators that may result in reviews being removed, not published, or potentially modified upon the documented request submitted by an advisor, compliance officer, or other firm professional to maintain compliance with federal and state regulations.
If you submit a review on Wealthtender, the Federal Trade Commission has issued guidance to ensure you always maintain the right and ability to request reviews be removed from any online review website, including Wealthtender. To request the removal of a review you submitted on Wealthtender, please send an email to support@wealthtender.com using the same email address you utilized when submitting the review. Please include in your email a link to the profile on Wealthtender where your review is published.
In addition to your review being published on Wealthtender, you acknowledge your review may also be published by your financial advisor on their website, and potentially their profile pages on other directory websites.
The reviews posted on Wealthtender are individual and subjective opinions. The opinions expressed in reviews are those of the reviewer and not of Wealthtender, Inc. Wealthtender does not endorse any of the opinions expressed by reviewers.
Please refer to the Wealthtender terms of service and privacy policy for additional information.
If you have questions or if we can assist with anything at all, please contact us by email at support@wealthtender.com or call us at (512) 540 – 3811.
Thank you for visiting Wealthtender and giving us the opportunity to serve you.
© 2024 Wealthtender, Inc.