Ericka Schaefer, ChFC®
Financial Consultant
Clarity, convenience, and security for your financial life.
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Ericka Schaefer, ChFC®
Financial Consultant
Thoughtful financial planning to build a future and shape a legacy.
✔ Fiduciary responsibility ✔ Monthly fee-based planning ✔ Values-first investing
I help professionals in their peak earning years develop a plan to build and protect wealth.
From paying off loans to buying a first home, you are facing a different financial reality than generations before. My goal is to help you build a confident and empowered view of money, and then to establish a solid financial foundation and clear trajectory to creating a life you love.
GETTING STARTED
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About
I don’t have the typical financial advisor story.
In college, I was a political science major with plans to go to law school. However, during an internship on Capitol Hill, I started feeling politics was too out of touch with real people.
A senior year estate planning class sparked my passion for finance and understanding people’s life goals.
I started at North Star in 2013 as an investment specialist, and then in 2018, I transitioned into a financial advisor role to be more hands-on with clients.
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Fiduciary responsibilityI take on the role of a fiduciary for my clients and remain committed to acting in their best interest through holistic financial planning. |
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Independent recommendationsAs an independent financial advisor, I am free from ties to any specific financial institution, ensuring unbiased advice tailored to your individual goals and needs. |
Qualifications
As a Chartered Financial Consultant (ChFC®), I have taken advanced classes in financial planning, investing, insurance planning, and retirement planning, including planning for specific situations such as divorce and special needs families.
Team
David Johnson
We offer a team approach to your financial planning and wealth management. While I am the personal contact for all my clients, I consult with David on complex situations and portfolio updates to ensure you are getting the best solutions possible.
Desdemona Boyle
Practice Coordinator
612.617.6188 | desdemona@augustineandjohnson.com
Des is our practice coordinator, keeping each client’s plan operationally on track. They will help coordinate meetings, document storage, and action items to keep you moving forward toward your goals.
Financial specialists
I work and refer to a team of specialists both at North Star and outside to synchronize your wealth solutions to find inefficiencies and resolve them.
I also work together with a network of CPAs and attorneys, bringing them into this strategic approach.
Jeff Landt, CFA, CFP®
Senior Vice President and Chief Investment Officer
Chris Sitek, CLTC®, CASL®, CLU®, ChFC®, RHU®, REBC®
Vice President Life and Long-Term Care
Financial planning process
A well-rounded financial plan includes many aspects of your finances and addresses financial matters at any stage of life. Our process is designed to organize and update your entire financial house.
What does it cost?I can work with you through fee-based financial planning, flat-fee asset management, or both. Financial planning$150– $300 monthly for the first year, depending on the complexity of the plan. Fees decrease in subsequent years as your plan moves into the maintenance phase. Investment managementThe fee is 1% of assets managed, declining for larger portfolios. This includes personalized portfolio recommendations that are specifically aligned to your situation, financial goals, and risk tolerance. |
Services
Insurance and risk management
Protecting existing and future assets is a pillar of effective wealth-building. I recommend solutions from various carriers to help ensure you have the protections in place for a solid foundation for future wealth strategies.
Debt and student loan strategies
From student loans to high-interest debt, I help navigate the refinancing and repayment process within the scope of your overall financial well-being. The result is a debt repayment strategy tailored to you—manageable for today and strategic for your future.
Investment management
We give DIY investors their time back. My team and I advise on investments that help protect against inflation, minimize tax liabilities, and help you build wealth and achieve goals.
College funding
With the increasing cost of education, I address common questions about education funding and develop actionable steps to achieve your goals throughout your child’s life.
Retirement
My team and I stress-test your current investment strategy to determine your probability for success, and then use our findings to adjust your asset allocation or distributions to match your lifestyle and your legacy goals.
Leaving a legacy
You’ve taken a purposeful approach to your life and your career; we help you plan for what’s next.
From charitable giving to setting up the next generation, we take estate planning beyond assets, designing a plan that preserves your values as well as your financial legacy.
Separate from the financial plan and our role as financial planner, we may recommend the purchase of specific investment or insurance products or accounts. These product recommendations are not part of the financial plan, and you are under no obligation to follow them.
Ericka is an investment advisor representative of Cetera Advisor Networks, LLC. CA Insurance License #0M78262.
