Great Waters Financial

Great Waters Financial is a registered investment adviser firm established in February 2020 in Minnesota, becoming SEC registered in October 2021. The firm offers discretionary and non-discretionary investment advisory services, including financial planning and consulting. Financial planning fees range from $2,000 to $4,500 on a fixed fee basis and $150 to $350 hourly. The firm primarily allocates client assets among individual equity and fixed income securities, mutual funds, and ETFs. Clients generally need a minimum asset level of $100,000 for investment advisory services. The firm's annual investment advisory fee ranges from 0.60% to 1.50% based on assets under management. Great Waters Financial does not accept performance-based fees, and clients have the option to deduct advisory fees from their custodial account. The firm recommends Charles Schwab as a broker-dealer/custodian and does not participate in wrap fee programs. Clients are encouraged to review financial planning issues annually, and account reviews are conducted regularly. The firm does not vote client proxies and does not have any financial conditions impairing its ability to meet commitments. Great Waters Financial does not engage in bankruptcy petitions or accept fees exceeding $1,200 per client six months in advance.