OUR HISTORY

EFS Advisors® was founded on a belief that there is a better way to help families navigate the complex financial options they face in order to put them on a path toward their goals. We are dedicated to providing financial education, a clear plan, and a disciplined approach to help you improve your financial wellbeing.

We are a family business that has grown into a full-service wealth management firm. With EFS Advisors, you have all the resources of a big company with the personal service of a small-town firm. We know our clients by name and care about them like family.

DISCIPLINED
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ACCESSIBLE
advisors

GENERATIONS
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CLEAR SKIES AHEAD

Helping you balance your financial responsibilities
with your plans for the future.

1.

STRAIGHTFORWARD ADVICE AND FEES

You will always know what you’re paying for and what you’re getting with EFS Advisors. You can rest easy knowing that we will never charge you any hidden fees.

2.

PERSONALIZED INVESTMENT STRATEGY

Our advisors know that every person’s circumstances are unique, and are dedicated to crafting a personalized investment strategy that puts your goals first.

3.

ONGOING LOCAL SUPPORT

  

When you work with one of our local advisors, you can rely on us to be available to help you with all your financial planning needs.

Kent Schutte started the company in 1994 to help take the stressful task of managing investments off the shoulders of hard-working Americans. The firm’s roots were founded in retirement planning services with a specialty in state pension and 403(b) plans. This included helping local teachers, government workers, and non-profit employees with their unique retirement options. Our long history as a trusted resource for retirement and pension plan participants has helped us grow into broader offerings over the years. We have added professional portfolio management, insurance strategies, and holistic financial planning over the years to the EFS services.


Our focus on helping our clients remains the same as we grow. EFS Advisors provide personal attention and technical planning to help you make better financial decisions for your current needs and future goals.

LET EFS ADVISORS TAKE CARE OF YOU, SO YOU CAN FOCUS ON THE MORE MEANINGFUL THINGS IN YOUR LIFE.
1990-2000
  • 24 Advisors
  • ESI initiates financial services program for members through Educators Financial Assurance (EFA).
  • Added equity product and enhanced life insurance options to Fixed interest product line up along with variable annuity options.
  • Initiated 403(b) matching funds program.
2001-2010
  • 35 advisors
  • EFA transition to Minnesota-based corporation - Educators Financial Services, Inc. (EFS)
  • Added asset management & fee-based planning
  • Expanded services to Iowa, North Dakota, and South Dakota
2011-2020
  • 44 Advisors
  • Acquired Educators Benefit Consultants acquires Legal Systems
  • EFS applies for registration to organize their own broker/dealer. Advanced Advisor Group (AAG) successfully completes broker/dealer registration with FINRA.
  • Educators Lifetime Solutions (ELS) acquired

Memberships and Partnership

EFS Advisors strives to provide the best tools and resources to support educators and employees of non-profit organizations. EFS Advisors achieves this through partnerships and relationships with the following organizations.

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