Thank you for your interest in Lottsa Financial Services. At this time, we are only able to accept clients who are already affiliated with us through work in the tax practice. We will update this space if that should change.
Lottsa Financial Services, Inc. exists to meet the public’s need for objective, unbiased assistance in matters of personal finance. We offer fee-only financial planning and asset management while adhering to a fiduciary standard.
We want you to make informed, conscious choices to improve your financial position so that you can more fully express your life’s purpose while enjoying the limited time we’re given.
We are a source of honest, straightforward advice, and cost-efficient portfolio management pegged to the client’s best interests.
We intend to be profitable and prosperous so that we can continue fulfilling our call to service for many happy, gratifying years.
Lottsa Financial Services, Inc. sprang from an expressed need of tax clients who wanted more help and guidance in the financial domain than could be offered within the constraints of a tax practice. Scott Beers passed the exams and became a Registered Investment Advisor (RIA) through the state of Minnesota Commerce Department. The separate company began operations in January 2001. Scott became a CFP® in early 2007.
The company is wholly owned by Scott Beers, CFP®, E.A. We occupy the 2nd floor of the Triangle Building, near the West Bank campus of the University of Minnesota in the Cedar-Riverside neighborhood of Minneapolis. The other second floor tenant is our affiliated company (common ownership) Lottsa Tax and Accounting Services, Inc.
LFS typically implements each client’s target asset allocation using no-load or load-waived institutional asset class mutual funds. When there are no “Index” mutual funds available for an asset class, depending on the characteristics of that particular asset class, LFS may use “actively managed” mutual funds, individual securities and non-traditional investment products.
It is not LFS typical investment strategy to attempt to time the market or select individual securities. However, with Client’s authorization, LFS may change its investment strategy to accommodate special situations such as low-basis stock, stock options, socially screened investments, legacy holdings, inheritances, closely held businesses, collectibles, and special tax situations. Clients authorize Lottsa Financial Services, Inc. to use its discretion (based on investment costs, tax efficiency, product availability, and new product introductions) when implementing a client’s target asset allocation.