Assisting physicians with their financial goals and needs since 1996.
Eric is a senior partner with North Star and has been with the company for 25 years. He is one of the original founders of the North Star Medical Division, is the co-author of The Physician's Guide to Financial Independence and has been a contributor for various medical magazines and organizations, including Medical Economics. He works primarily with physicians and based on his extensive experience, he's established himself as a financial expert.
Eric works with approximately 600 physicians throughout the United States. He commutes to Minneapolis and Salt Lake City and continues to speak at multiple teaching hospitals and clinics nationally.
He is an experienced speaker who has presented at the following institutions:
- University of Minnesota
- The Mayo Clinic
- University of Utah
- Hennepin County Medical Center
- Regions/Ramsey Hospital
- Allina Medical/Hospitals
- University of Texas Southwestern
- University of Colorado
- Baylor University
Eric typically focuses on the following topics when meeting with doctors:
- Investment strategies and wealth management
- Debt management (loan consolidation, deferment options)
- Retirement strategies
- Disability and life insurance strategies based on occupation
- Tax-efficient financial strategies with moonlighting income
- Cash-flow and budgeting overview
In addition, Eric and his team often conduct popular focus dinners for physicians that emphasize, but are not limited to, the following topics:
- Fundamentals of Risk Management and Asset Protection
- How to Maximize Company Benefits for Owners and Employees
- Tax Minimization Strategies
- Retirement Strategies as a High-Net-Worth Individual
Eric is a 1994 honors graduate of Montana State University and has been recognized for several awards and accomplishments throughout his career, including the New Associate of the Year for the entire Securian Financial Services field force in 1996 and Five Star Wealth Manager Recipient in 2019.
Lastly and most importantly, Eric has been happily married for 25 years and has two children. He feels truly blessed to be in this profession assisting his physician client base.
Awards and club membership are based primarily on commissions, premiums, or fees generated from investment and insurance products and other criteria relative to leadership, achievement, and recruiting. Working with this individual or firm is not a guarantee of future financial results. Investors should conduct their own evaluation.
The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Actively licensed as a registered investment adviser or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by Five Star Professional, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or Five Star Professional’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process; feedback may not be representative of any one client’s experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. Award does not evaluate quality of services provided to clients. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The Five Star award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their client’s assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future. For more information on the Five Star award and the research/selection methodology, go to fivestarprofessional.com. 3,504 Twin Cities-area wealth managers were considered for the award; 671 (19 percent of candidates) were named 2019 Five Star Wealth Managers.
Eric is a Registered Representative and Investment Advisor Representative of Securian Financial Services, Inc. and CRI Securities, LLC.
Aside from the knowledge and experience you will receive from your advisor, North Star provides a team of experts within their specialties dedicated to helping your advisor choose well-suited products or services for you.
Name: Chase Brakke
Title: National Disability Insurance Specialist
Name: Chris Sitek
Title: Vice President, Life Business Development
Name: Jeff Landt
Title: Vice President and Director of Investments
Name: Carrie Hancock
Title: Vice President, Financial Planning Resource Center
MinneapolisNorth Star Professional Center
2701 University Avenue SE
Minneapolis, MN 55414
Billings6232 Canyonwoods Drive
Billings, MT 59106