# All Star Financial

> 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.

- CRD: 323765
- Filed as: ALL STAR FINANCIAL
- Legal name: All Star Financial LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minneapolis, MN
- Filing period: October 2026
- Form ADV filing dated: February 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/323765
- AdvisorCensus page: https://advisorcensus.com/firm/all-star-financial-minneapolis-mn-323765

## Quick answers

**How is All Star Financial compensated?**
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).

**Where is All Star Financial located?**
All Star Financial's principal office is in Minneapolis, MN, according to its Form ADV.

**Is All Star Financial registered with the SEC or a state?**
All Star Financial is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 323765.

**How much does All Star Financial manage?**
All Star Financial reports $881,693,500 in regulatory assets under management in its Form ADV filing dated February 6, 2026 (100% discretionary).

**How have All Star Financial's assets and staff changed since 2023?**
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.

**What types of clients does All Star Financial serve?**
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).

**Which custodians does All Star Financial use?**
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.

**Does All Star Financial report any disciplinary disclosures?**
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

**Does All Star Financial state an account minimum?**
Its Form ADV Part 2A brochure dated February 6, 2026 says: "ASF does not have a minimum account size."

**What changed in All Star Financial's recent Form ADV filings?**
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.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated February 6, 2026)

- Account minimum: None

> ASF does not have a minimum account size.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $881,693,500
- Discretionary: $881,693,500
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 353 | $199,487,788 |
| High net worth individuals | 188 | $483,886,657 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 11 | $180,711,563 |
| Charitable organizations | 3 | $10,625,017 |
| Corporations or other businesses not listed above | 3 | $6,982,475 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2022 (3 years)
- Employees: 14 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, MN, ND, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- allstarfinancial.com
- Facebook @AllStarFinancialMN
- LinkedIn @1047285

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $679,797,292 | 13 | September 12, 2023 |
| October 2024 | $724,403,474 | 14 | August 22, 2024 |
| October 2025 | $757,987,510 | 13 | March 24, 2025 |
| October 2026 | $881,693,500 | 14 | February 6, 2026 |

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.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $757,987,510 to $881,693,500 (+16%).
- Employees performing advisory functions went from 4 to 5.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. All Star Financial (CRD 323765): Form ADV filing data as of October 2026.