# MD Financial Advisors / Vestment Financial

> MD Financial Advisors / Vestment Financial is an SEC-registered investment advisory firm in Chanhassen, MN, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 2, 2026.

- CRD: 168771
- Filed as: MD FINANCIAL ADVISORS / VESTMENT FINANCIAL
- Legal name: Vestment Financial LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chanhassen, MN
- Filing period: October 2026
- Form ADV filing dated: September 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/168771
- AdvisorCensus page: https://advisorcensus.com/firm/md-financial-advisors-vestment-financial-chanhassen-mn-168771

## Quick answers

**How is MD Financial Advisors / Vestment Financial compensated?**
On its Form ADV (Item 5.E, October 2026), MD Financial Advisors / Vestment Financial reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other.

**How much does MD Financial Advisors / Vestment Financial charge?**
Its Form ADV Part 2A brochure dated March 27, 2026 states: Flat fee: up to $25,000 (Financial Planning and Consulting); Hourly rate: $50 to $650 an hour (Financial Planning and Consulting); Subscription: $190 to $600 a month (concierge financial planning). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is MD Financial Advisors / Vestment Financial located?**
MD Financial Advisors / Vestment Financial's principal office is in Chanhassen, MN, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is MD Financial Advisors / Vestment Financial registered with the SEC or a state?**
MD Financial Advisors / Vestment Financial is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 168771.

**How much does MD Financial Advisors / Vestment Financial manage?**
MD Financial Advisors / Vestment Financial reports $304,258,801 in regulatory assets under management in its Form ADV filing dated September 2, 2026 (100% discretionary).

**How have MD Financial Advisors / Vestment Financial's assets and staff changed since 2021?**
In the Form ADV data for MD Financial Advisors / Vestment Financial: Regulatory assets under management: $120,953,555 in the October 2021 data and $304,258,801 in the October 2026 data, up 152%. Total employees: 10 in October 2021 and 20 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does MD Financial Advisors / Vestment Financial serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (280); high net worth individuals (198).

**Which custodians does MD Financial Advisors / Vestment Financial use?**
MD Financial Advisors / Vestment Financial's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does MD Financial Advisors / Vestment 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/168771

**Does MD Financial Advisors / Vestment Financial state an account minimum?**
Its Form ADV Part 2A brochure dated March 27, 2026 says: "We have no minimum account size."

**What changed in MD Financial Advisors / Vestment Financial's recent Form ADV filings?**
In the October 2026 filing data: Registered or notice-filed in CO.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Account minimum: None

> We have no minimum account size.

- Flat fee: up to $25,000 (Financial Planning and Consulting)

> As a fixed fee, typically ranging up to $25,000 depending on the nature and complexity of each client’s circumstances

- Hourly rate: $50 to $650 an hour (Financial Planning and Consulting)

> On an hourly basis of $50 - $650 per hour dependent upon the skill level of the team member involved

- Subscription: $190 to $600 a month (concierge financial planning)

> A monthly subscription or concierge financial planning fee, which typically ranges from $190 to $600 per month depending on the complexity of the client’s situation.

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.

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: $304,258,801
- Discretionary: $304,258,801
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 280 | $57,422,060 |
| High net worth individuals | 198 | $246,836,741 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services

### Firm details
- Registered since: 2019 (7 years)
- Employees: 20 total, 11 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, CT, FL, GA, IL, MA, MD, ME, MI, MN, NC, NE, NH, NJ, NM, NY, OH, PA, RI, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Minnetonka, MN

### Websites listed on Form ADV (Item 1.I)
- [md-financial-advisors-school.thinkific.com/courses/side-gigs-starter-course](https://md-financial-advisors-school.thinkific.com/courses/side-gigs-starter-course)
- [mdfinancialadvisors.com](https://mdfinancialadvisors.com)
- [music.amazon.com/podcasts/f3cf9645-0692-45e5-b51a-bc04ea9ea398/money-minutes-for-doctors](https://music.amazon.com/podcasts/f3cf9645-0692-45e5-b51a-bc04ea9ea398/money-minutes-for-doctors)
- [open.spotify.com/show/1frdil1cz3hm0vbdbsb8uz](https://open.spotify.com/show/1frdil1cz3hm0vbdbsb8uz)
- [podcasts.apple.com/us/podcast/money-minutes-for-doctors/id1396041737](https://podcasts.apple.com/us/podcast/money-minutes-for-doctors/id1396041737)
- Facebook @mdfinancialadvisors
- Instagram @md_financial
- LinkedIn @md-financial-advisors
- X @md_financial
- YouTube @mdfinancial1759

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $120,953,555 | 10 | July 28, 2021 |
| October 2022 | $152,390,327 | 10 | August 2, 2022 |
| October 2023 | $163,746,798 | 9 | March 26, 2023 |
| October 2024 | $213,412,385 | 9 | August 20, 2024 |
| October 2025 | $243,201,465 | 21 | July 31, 2025 |
| October 2026 | $304,258,801 | 20 | September 2, 2026 |

Regulatory assets under management: $120,953,555 in the October 2021 data and $304,258,801 in the October 2026 data, up 152%.
Total employees: 10 in October 2021 and 20 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Registered or notice-filed in CO.

### July 2026
- Updated its list of owners and control persons (Schedule A).

### June 2026
- No longer lists an office in Hopkins, MN.

### May 2026
- Registered or notice-filed in MI.

### April 2026
- Regulatory assets under management went from $243,201,465 to $304,258,801 (+25%).
- Added an office in Hopkins, MN.
- Added an office in Minnetonka, MN.

### January 2026
- No longer registered or notice-filed in LA, MI, SC, VT, WI.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. MD Financial Advisors / Vestment Financial (CRD 168771): Form ADV filing data as of October 2026.