{
  "crd_number": 323765,
  "slug": "all-star-financial-minneapolis-mn-323765",
  "primary_business_name": "ALL STAR FINANCIAL",
  "legal_name": "ALL STAR FINANCIAL LLC",
  "dbas": [],
  "city": "Minneapolis",
  "state": "MN",
  "country": "United States",
  "cbsa_code": "33460",
  "metro": {
    "cbsa_code": "33460",
    "common_name": "Minneapolis",
    "msa_name": "Minneapolis-St. Paul-Bloomington, MN-WI",
    "path": "/advisors/mn/minneapolis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2022-11-04",
  "years_registered": 3,
  "period": "2026-10-01",
  "filing_date": "2026-02-06",
  "carried_forward": false,
  "raum_total": 881693500.0,
  "raum_discretionary": 881693500.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 14,
  "advisory_employees": 5,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 10625017.0,
      "count": 3,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 199487788.0,
      "count": 353
    },
    "pension_profit_sharing": {
      "raum": 180711563.0,
      "count": 11
    },
    "high_net_worth_individuals": {
      "raum": 483886657.0,
      "count": 188
    },
    "corporations_other_businesses": {
      "raum": 6982475.0,
      "count": 3,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "MN",
    "ND",
    "TX",
    "WI"
  ],
  "websites": [
    "https://allstarfinancial.com",
    "https://facebook.com/AllStarFinancialMN",
    "https://linkedin.com/COMPANY/1047285"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/323765",
  "city_as_filed": "MINNEAPOLIS",
  "url": "https://advisorcensus.com/firm/all-star-financial-minneapolis-mn-323765",
  "display_name": "All Star Financial",
  "summary": "All Star Financial is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 2022, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated February 6, 2026.",
  "citation": "AdvisorCensus. All Star Financial (CRD 323765): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services"
  ],
  "quick_answers": [
    {
      "q": "How is All Star Financial compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), All Star Financial reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is All Star Financial located?",
      "a": "All Star Financial's principal office is in Minneapolis, MN, according to its Form ADV."
    },
    {
      "q": "Is All Star Financial registered with the SEC or a state?",
      "a": "All Star Financial is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 323765."
    },
    {
      "q": "How much does All Star Financial manage?",
      "a": "All Star Financial reports $881,693,500 in regulatory assets under management in its Form ADV filing dated February 6, 2026 (100% discretionary)."
    },
    {
      "q": "How have All Star Financial's assets and staff changed since 2023?",
      "a": "In the Form ADV data for All Star Financial: Regulatory assets under management: $679,797,292 in the October 2023 data and $881,693,500 in the October 2026 data, up 30%. Total employees: 13 in October 2023 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does All Star Financial serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (353); high net worth individuals (188); pension and profit sharing plans (but not the plan participants or government pension plans) (11)."
    },
    {
      "q": "Which custodians does All Star Financial use?",
      "a": "All Star Financial's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does All Star Financial report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/323765"
    },
    {
      "q": "Does All Star Financial state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated February 6, 2026 says: \"ASF does not have a minimum account size.\""
    },
    {
      "q": "What changed in All Star Financial's recent Form ADV filings?",
      "a": "In the March 2026 filing data: Regulatory assets under management went from $757,987,510 to $881,693,500 (+16%). Employees performing advisory functions went from 4 to 5."
    }
  ],
  "filing_history": [
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 679797292.0,
      "total_employees": 13,
      "filing_date": "2023-09-12"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 724403474.0,
      "total_employees": 14,
      "filing_date": "2024-08-22"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 757987510.0,
      "total_employees": 13,
      "filing_date": "2025-03-24"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 881693500.0,
      "total_employees": 14,
      "filing_date": "2026-02-06"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $757,987,510 to $881,693,500 (+16%).",
        "Employees performing advisory functions went from 4 to 5."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated February 6, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "ASF does not have a minimum account size."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "ASF does not have a minimum account size."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/all-star-financial-minneapolis-mn-323765.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 353,
      "fewer_than_5": false,
      "raum": 199487788.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 188,
      "fewer_than_5": false,
      "raum": 483886657.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 11,
      "fewer_than_5": false,
      "raum": 180711563.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 3,
      "fewer_than_5": true,
      "raum": 10625017.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 3,
      "fewer_than_5": true,
      "raum": 6982475.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/323765",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}