August 1, 2019 - Amazon S3...Vector Wealth Management Main Street SE Suite Minneapolis MN adv...

[Form ADV Part 2B]

This brochure supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this Brochure Supplement.

Additional information about Vector is available on the SEC website at www.adviserinfo.sec.gov. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority.

Vector is a Registered Investment Adviser. Registration of an Investment Adviser does not imply any level of skill or training.

Thomas FeePrincipal, Managing [email protected]

Suzy KlapperichChief Compliance Officer [email protected]

Vector Wealth Management 43 Main Street SE, Suite 236, Minneapolis, MN 55414

www.vectorwealth.comlocal: 612.378.7560 | toll free: 877-383-2867

August 1, 2019

[about form adv]

Form ADV is the uniform form used by investment advisers to register with both the Securities and Exchange Commission (SEC) and state securities authorities. The form consists of two parts.

Part 1 requires information about the investment adviser’s business, ownership, clients, employees, business practices, affiliations, and any disciplinary events of the adviser or its employees.

Beginning in 2011, Part 2 requires investment advisers to prepare narrative brochures written in plain English that contain information such as the types of advisory services offered, the adviser’s fee schedule, disciplinary information, conflicts of interest, and the educational and business background of management and key advisory personnel of the adviser.

This brochure (ADV Part 2B) is the primary disclosure document that investment advisers provide to their clients. When filed, the brochures are available to the public on the IAPD website. Before you hire someone to be your investment adviser, always ask for, and read carefully, both parts of the adviser’s Form ADV.

2 ADV Brochure Part 2BVector Wealth Management

[table of contents]

Cover 1

About Form ADV 2

Table of Contents 3

Thomas Fee 4

Sharon Calhoun 7

Tyler Schelhaas 10

Todd Stueve 13

Daniel Powers 16

Jason Ranallo 19

Robert Lawson 22

Joe Grochowski 25

John Tenley 28

Kyle Matkaitis 31

Michael Nesheim 34

Krista Reeves 37

Suzy Klapperich 40

David Moser 43

Christopher Wagner 46

Charlie Gruys 49

Eric Arndt 52

Jacob Ranallo 55

Brochure Supplement 59

3

Vector Wealth ManagementBrochure Part 2B

Vector Wealth Management 43 Main Street SE, Suite 236

Minneapolis, MN 55414

www.vectorwealth.com

[adv brochure supplement]August 1, 2019

4

Thomas G. Fee Principal, Managing Partner Vector Wealth Management

office: (612) 378-7560email: [email protected]

This Brochure Supplement provides information about Thomas G. Fee that supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this supplement.

Additional information about Tom Fee is available on the SEC website at www.adviserinfo.sec.gov.

[item one]

Thomas Fee serves as a Principal, Managing Partner, and Senior Wealth Advisor at Vector Wealth Management. Tom is also a member of Vector’s Investment Committee, which is responsible for security selection and client portfolio allocations.

Tom earned a Bachelor of Arts degree in Finance from the University of Colorado, founded Vector Wealth Management in 1993, and has served on national advisory committees. He has authored multiple wealth planning applications; all designed to give clients confidence in their financial lives. For over 20 years, Sojourn, his signature application and process, has been at the heart of the Vector client experience.

5[item two]

Post-Secondary Education

BS in Finance from University of Colorado Recent Business Background

Principal, Managing PartnerSNS Financial Group, LLC dba Vector Wealth Management Jan. 2017 – Present

PrincipalVector Insurance Services, LLC2002 – Present

Principal, Managing PartnerVector Wealth Management, LLC2000 – 2017

Thomas G. FeeBorn 1954

[item three]

Disciplinary Information

Vector is required to disclose the pertinent facts regarding any legal or disciplinary events material to a client’s evaluation of Tom. There are no disciplinary actions to disclose.

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[item five]

Additional Compensation

Vector is required to describe any arrangement under which Tom receives an economic benefit for providing advisory services to someone that is not a client of Vector. Tom is not in any compensatory advisory activities outside of Vector.

[item six]

Supervision

Tom is a Principal and Managing Partner of Vector and is generally responsible for his own supervision. Vector monitors his advice in an effort to ensure that investments are suitable for individual clients and consistent with their individual needs, goals, objectives and risk tolerance, as well as any restrictions requested by Vector’s clients. If you have any questions, you may call Thomas Fee at (612) 378-7560. Vector periodically reviews the advisory activities of Tom, which may include reviewing individual client accounts and correspondence (including emails) sent and received by Tom.

[item four]

Other Business Activities

Vector is required to disclose information regarding any investment-related business or occupation in which Tom is actively engaged.

Tom is a Principal of Vector Insurance Services, LLC and in such capacity may recommend, on a fully-disclosed commission basis, the purchase of certain insurance products. A conflict of interest exists to the extent that Vector recommends the purchase of insurance products where Tom may receive insurance commissions or other additional compensation. Vector has procedures in place to ensure that all recommendations are made in the best interests of clients regardless of any additional compensation earned.





7

Sharon L. Calhoun Principal, Senior Wealth Advisor

Director of Advanced Planning & Client Service Vector Wealth Management


[item one]

Sharon L. Calhoun serves as a Principal and as a Senior Wealth Advisor at Vector Wealth Management. She directs Vector’s Advanced Planning Group, which develops client centered and integrated wealth management solutions, and also directs Vector’s Client Service Group, which is responsible for the steady maintenance, documentation, and integrity of client accounts.

Sharon earned a Master of Science in Financial Services degree from American College in Bryn Mawr. She also holds a Bachelor of Science degree from Mankato State University.

Sharon joined Vector Wealth Management in 2000. Prior to joining Vector, she worked with Minnesota Life as an Annuity Services Specialist.

This Brochure Supplement provides information about Sharon L. Calhoun that supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this supplement.

Additional information about Sharon is available on the SEC website at www.adviserinfo.sec.gov.

8[item two]


Master of Science in Financial Services from American CollegeBachlor of Science from Minnesota State University – Mankato Recent Business Background

Principal, Senior Wealth Advisor Director of Advanced Planning & Client Service SNS Financial Group, LLC dba Vector Wealth Management Jan. 2017 – Present


Principal, Senior Wealth AdvisorVector Wealth Management, LLC2000 – 2017

Professional Designations

CERTIFIED FINANCIAL PLANNER™ (CFP®)

Accredited Investment Fiduciary® (AIF®)

Chartered Financial Consultant (ChFC®)

Certified Divorce Financial Analyst (CDFA®)

Sharon L. CalhounBorn 1969

[item three]


Vector is required to disclose the pertinent facts regarding any legal or disciplinary events material to a client’s evaluation of Sharon. There are no disciplinary actions to disclose.

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[item five]


Vector is required to describe any arrangement under which Sharon receives an economic benefit for providing advisory services to someone that is not a client of Vector. Sharon is not in any compensatory advisory activities outside of Vector.

[item six]

Supervision

Sharon is a Principal of Vector and is generally responsible for her own supervision. Vector monitors her advice in an effort to ensure that investments are suitable for individual clients and consistent with their individual needs, goals, objectives and risk tolerance, as well as any restrictions requested by Vector’s clients. If you have any questions, you may call Thomas Fee at (612) 378-7560. Vector periodically reviews the advisory activities of Sharon, which may include reviewing individual client accounts and correspondence (including emails) sent and received by Sharon.

[item four]


Vector is required to disclose information regarding any investment-related business or occupation in which Sharon is actively engaged.

Licensed Insurance AgentSharon is a licensed independent insurance agent and Principal of Vector Insurance Services, LLC and in such capacity may recommend, on a fully-disclosed commission basis, the purchase of certain insurance products. A conflict of interest exists to the extent that Vector recommends the purchase of insurance products where Sharon may receive insurance commissions or other additional compensation. Vector has procedures in place to ensure that all recommendations are made in the best interests of clients regardless of any additional compensation earned.





10

Tyler J. Schelhaas Principal, Senior Wealth Advisor

Vector Wealth Management


This Brochure Supplement provides information about Tyler J. Schelhaas that supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this supplement.

Additional information about Tyler is available on the SEC website at www.adviserinfo.sec.gov.

Tyler J. Schelhaas serves as a Principal and as a Senior Wealth Advisor at Vector Wealth Management. He is also a member of Vector’s Investment Committee, which is responsible for security selection, asset allocation, and investment due diligence.

Tyler earned a Bachelor of Arts degree in Business Administration with a focus on Finance and Computer Science from Dordt College.

Tyler joined Vector Wealth Management in 2017. Prior to joining Vector, Tyler was a charter member of SNS Financial Group, and worked with Charles Schwab as a Financial Consultant. Tyler has been in the financial services industry since 2003.

[item one]

11[item two]


BS in Finance from Dordt College Recent Business Background

Principal, Senior Wealth AdvisorSNS Financial Group, LLC dba Vector Wealth Management Jan. 2017 – Present


Principal, Investment AdvisorSNS Financial Group, LLC2012 – 2017

VP-Financial ConsultantCharles Schwab2007 – 2012

Sales ManagerPrincipal Financial Group2003 – 2007



Tyler J. SchelhaasBorn 1980

[item three]


Vector is required to disclose the pertinent facts regarding any legal or disciplinary events material to a client’s evaluation of Tyler. There are no disciplinary actions to disclose.

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[item five]


Vector is required to describe any arrangement under which Tyler receives an economic benefit for providing advisory services to someone that is not a client of Vector. Tyler is not in any compensatory advisory activities outside of Vector.

[item six]

Supervision

Thomas Fee, CEO, is generally responsible for supervising Tyler’s advisory activities on behalf of Vector. If you have any questions, you may call Thomas Fee at (612) 378-7560.

Vector supervises its personnel and the investments made in client accounts. Vector monitors the investments recommended by Tyler to ensure those investments are suitable for the particular client and consistent with their investment needs, goals, objectives and risk tolerance, as well as any restrictions previously requested by the client. Vector periodically reviews the advisory activities of Tyler, which may include reviewing individual client accounts and correspondence (including emails) sent and received by Tyler.

[item four]


Vector is required to disclose information regarding any investment-related business or occupation in which Tyler is actively engaged.

Tyler is a Principal of Vector Insurance Services, LLC and in such capacity may recommend, on a fully-disclosed commission basis, the purchase of certain insurance products. A conflict of interest exists to the extent that Vector recommends the purchase of insurance products where Tyler receives insurance commissions or other additional compensation. Vector has procedures in place to ensure that all recommendations are made in the best interests of clients regardless of any additional compensation earned.





13

Todd C. Stueve Principal, Senior Wealth Advisor



This Brochure Supplement provides information about Todd C. Stueve that supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this supplement.

Additional information about Todd is available on the SEC website at www.adviserinfo.sec.gov.

Todd C. Stueve serves as a Principal and as a Senior Wealth Advisor at Vector Wealth Management.

Todd earned a Bachelor of Science degree in Architectural Engineering from the University of Wyoming.

Todd joined Vector Wealth Management in 2017. Prior to joining Vector, Todd was a founding member of SNS Financial Group, LLC and a Registered Representative with NEXT Financial Group, Inc. Todd has been in the financial services industry since 1998.

[item one]

14[item two]


BS in Architectural Engineering from the University of Wyoming Recent Business Background

Principal, Senior Wealth AdvisorSNS Financial Group, LLC dba Vector Wealth Management Jan. 2017 – Present


Principal, Investment AdvisorSNS Financial Group, LLC2009 – 2017

Registered RepresentativeNEXT Financial Group, Inc.2005 – 2010

Todd C. StueveBorn 1971

[item three]


Vector is required to disclose the pertinent facts regarding any legal or disciplinary events material to a client’s evaluation of Todd. There are no disciplinary actions to disclose.

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15

[item five]


Vector is required to describe any arrangement under which Todd receives an economic benefit for providing advisory services to someone that is not a client of Vector. Todd is not in any compensatory advisory activities outside of Vector.

[item six]

Supervision

Thomas Fee, CEO, is generally responsible for supervising Todd’s advisory activities on behalf of Vector. If you have any questions, you may call Thomas Fee at (612) 378-7560.

Vector supervises its personnel and the investments made in client accounts. Vector monitors the investments recommended by Todd to ensure those investments are suitable for the particular client and consistent with their investment needs, goals, objectives and risk tolerance, as well as any restrictions previously requested by the client. Vector periodically reviews the advisory activities of Todd, which may include reviewing individual client accounts and correspondence (including emails) sent and received by Todd.

[item four]


Vector is required to disclose information regarding any investment-related business or occupation in which Todd is actively engaged.

Licensed Independent Insurance AgentTodd is a licensed independent insurance agent and Principal of Vector Insurance Services, LLC and in such capacity may recommend, on a fully-disclosed commission basis, the purchase of certain insurance products. A conflict of interest exists to the extent that Vector recommends the purchase of insurance products where Todd may receive insurance commissions or other additional compensation. Vector has procedures in place to ensure that all recommendations are made in the best interests of clients regardless of any additional compensation earned.





16

Daniel J. Powers Principal, Portfolio Management



This Brochure Supplement provides information about Daniel J. Powers that supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this supplement.

Additional information about Dan is available on the SEC website at www.adviserinfo.sec.gov.

Daniel J. Powers serves as a Principal and as a Portfolio Manager at Vector Wealth Management. He is also a member of Vector’s Investment Committee, which is responsible for security selection, asset allocation, and investment due diligence.

Dan earned a Bachelor of Arts degree in Economics and Finance from Bethel University.

Prior to joining Vector, Dan was a charter member of SNS Financial Group. Dan has been in the financial services industry since 2008.

[item one]

17[item two]


BA in Economics & Finance from Bethel University Recent Business Background

Principal, Portfolio ManagementSNS Financial Group, LLC dba Vector Wealth Management Jan. 2017 – Present


Principal, Portfolio ManagementSNS Financial Group, LLC2011 – 2017

OwnerDan Powers Financial Services, LLC2010 – 2013

Owner/BrokerPlymouth Global Capital, LLC2009 – 2010


Dan is working to obtain the professional designation of Chartered Financial Analyst® (CFA®), having passed Level 1 of the CFA® exam. He is currently a Chartered Financial Analyst® (CFA®) Level 2 Candidate.

Daniel J. PowersBorn 1983

[item three]


Vector is required to disclose the pertinent facts regarding any legal or disciplinary events material to a client’s evaluation of Dan. There are no disciplinary actions to disclose.

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[item five]


Vector is required to describe any arrangement under which Dan receives an economic benefit for providing advisory services to someone that is not a client of Vector. Dan is not in any compensatory advisory activities outside of Vector.

[item six]

Supervision

Thomas Fee, CEO, is generally responsible for supervising Dan’s advisory activities on behalf of Vector. If you have any questions, you may reach Thomas Fee at (612) 378-7560.

Vector supervises its personnel and the investments made in client accounts. Vector monitors the investments recommended by Dan to ensure they are suitable for the particular client and consistent with their investment needs, goals, objectives and risk tolerance, as well as any restrictions previously requested by the client. Vector periodically reviews the advisory activities of Dan, which may include reviewing individual client accounts and correspondence (including emails) sent and received by Dan.

[item four]


Vector is required to disclose information regarding any investment-related business or occupation in which Daniel is actively engaged.

Dan is a Principal of Vector Insurance Services, LLC and in such capacity may recommend, on a fully-disclosed commission basis, the purchase of certain insurance products. A conflict of interest exists to the extent that Vector recommends the purchase of insurance products where Dan receives insurance commissions or other additional compensation. Vector has procedures in place to ensure that all recommendations are made in the best interests of clients regardless of any additional compensation earned.





19

Jason D. Ranallo Director of Portfolio Management



This Brochure Supplement provides information about Jason D. Ranallo that supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this supplement.

Additional information about Jason is available on the SEC website at www.adviserinfo.sec.gov.

Jason D. Ranallo serves as Director of Portfolio Management at Vector Wealth Management. He directs Vector’s Portfolio Management Group, which is responsible for developing strategies and monitoring short- and long-term portfolio allocation. He is also a member of Vector’s Investment Committee, which is responsible for security selection, asset allocation, and investment due diligence.

Jason earned a Bachelor of Business Administration degree focused on Finance and Marketing from the University of Minnesota – Duluth.

Jason joined Vector Wealth Management in 2005. Prior to joining Vector, he worked with Piper Jaffray and Co. Jason has been in the financial services industry since 2003.

[item one]

20[item two]


BBA in Finance and Marketing from University of Minnesota – Duluth Recent Business Background

Director of Portfolio Management GroupSNS Financial Group, LLC dba Vector Wealth Management Jan. 2017 – Present

Director of Portfolio Management GroupVector Wealth Management, LLC2005 – 2017


Chartered Financial Analyst® (CFA®)

Jason D. RanalloBorn 1981

[item three]


Vector is required to disclose the pertinent facts regarding any legal or disciplinary events material to a client’s evaluation of Jason. There are no disciplinary actions to disclose.

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[item five]


Vector is required to describe any arrangement under which Jason receives an economic benefit for providing advisory services to someone that is not a client of Vector. Jason is not in any compensatory advisory activities outside of Vector.

[item six]

Supervision

Thomas Fee, CEO, is generally responsible for supervising Jason’s advisory activities on behalf of Vector. If you have any questions, you may reach Thomas Fee at (612) 378-7560.

Vector supervises its personnel and the investments made in client accounts. Vector monitors the investments recommended by Jason to ensure they are suitable for the particular client and consistent with their investment needs, goals, objectives and risk tolerance, as well as any restrictions previously requested by the client. Vector periodically reviews the advisory activities of Jason, which may include reviewing individual client accounts and correspondence (including emails) sent and received by Jason.

[item four]


Vector is required to disclose information regarding any investment-related business or occupation in which Jason is actively engaged. Jason is not actively engaged in any investment-related business or occupation outside of Vector Wealth Management.





22

Robert P. Lawson Senior Wealth Advisor

Director of Wealth Advisors Vector Wealth Management


This Brochure Supplement provides information about Robert P. Lawson that supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this supplement.

Additional information about Bob is available on the SEC website at www.adviserinfo.sec.gov.

Robert P. Lawson serves as a Senior Wealth Advisor at Vector Wealth Management.

Bob earned a Master of Business Administration from the University of St. Thomas. He also holds a Bachelor of Science degree in Accounting from the University of Minnesota – Carlson School of Management.

Bob joined Vector Wealth Management in 2016. Prior to joining Vector, Bob worked in the banking sector as a senior wealth advisor. Bob has been in the financial services industry since 2000.

[item one]

23[item two]


MBA in Finance from University of St. ThomasBS in Accounting from University of Minnesota – Carlson School of Management Recent Business Background

Senior Wealth AdvisorSNS Financial Group, LLC dba Vector Wealth Management Jan. 2017 – Present

Senior Wealth Advisor, Director of Wealth AdvisorsVector Wealth Management, LLC2016 – 2017

President & CEO - MNNorthern Trust2015 – 2016

Wealth Management Advisor, Managing DirectorUS Bank Private Client Reserve2008 – 2015


CERTIFIED FINANCIAL PLANNER™

Certified Public Accountant (CPA)

Robert P. LawsonBorn 1966

[item three]


Vector is required to disclose the pertinent facts regarding any legal or disciplinary events material to a client’s evaluation of Bob. There are no disciplinary actions to disclose.

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[item five]


Vector is required to describe any arrangement under which Bob receives an economic benefit for providing advisory services to someone that is not a client of Vector. Bob is not in any compensatory advisory activities outside of Vector.

[item six]

Supervision

Thomas Fee, CEO, is generally responsible for supervising Bob’s advisory activities on behalf of Vector. If you have any questions, you may reach Thomas Fee at (612) 378-7560.

Vector supervises its personnel and the investments made in client accounts. Vector monitors the investments recommended by Bob to ensure they are suitable for the particular client and consistent with their investment needs, goals, objectives and risk tolerance, as well as any restrictions previously requested by the client. Vector periodically reviews the advisory activities of Bob, which may include reviewing individual client accounts and correspondence (including emails) sent and received by Bob.

[item four]


Vector is required to disclose information regarding any investment-related business or occupation in which Bob is actively engaged. Bob is not actively engaged in any investment-related business or occupation outside of Vector Wealth Management.





25

Joe C. Grochowski Senior Wealth Advisor



This Brochure Supplement provides information about Joseph C. Grochowski that supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this supplement.

Additional information about Joe is available on the SEC website at www.adviserinfo.sec.gov.

Joe C. Grochowski serves as a Senior Wealth Advisor at Vector Wealth Management.

Joe earned a Bachelor of Arts degree in Business Administration focused on Entrepreneurship from the University of St. Thomas.

Joe joined Vector Wealth Management in 2011. Prior to joining Vector, Joe worked with a Twin Cities bank as the Director of its Investment Services Department. Joe has been in the financial services industry since 2002.

[item one]

26[item two]


BA in Entrepreneurship from University of St. Thomas, Minnesota Recent Business Background


Wealth AdvisorVector Wealth Management, LLC2011 – 2017

Financial AdvisorFintegra, LLC2004 – 2011



Accredited Asset Management SpecialistSM (AAMS®)

Chartered Financial Consultant (ChFC®)

Joseph C. GrochowskiBorn 1980

[item three]


Vector is required to disclose the pertinent facts regarding any legal or disciplinary events material to a client’s evaluation of Joe. There are no disciplinary actions to disclose.

[item four]


Vector is required to disclose information regarding any investment-related business or occupation in which Joe is actively engaged.

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[item five]


Vector is required to describe any arrangement under which Joe receives an economic benefit for providing advisory services to someone that is not a client of Vector. Joe is not in any compensatory advisory activities outside of Vector.

[item six]

Supervision

Thomas Fee, CEO, is generally responsible for supervising Joe’s advisory activities on behalf of Vector. If you have any questions, you may call Thomas Fee at (612) 378-7560.

Vector supervises its personnel and the investments made in client accounts. Vector monitors the investments recommended by Joe to ensure those investments are suitable for the particular client and consistent with their investment needs, goals, objectives and risk tolerance, as well as any restrictions previously requested by the client. Vector periodically reviews the advisory activities of Joe, which may include reviewing individual client accounts and correspondence (including emails) sent and received by Joe.

Licensed Insurance AgentJoe is a licensed insurance agent of Vector Insurance Services, LLC and in such capacity may recommend, on a fully-disclosed commission basis, the purchase of certain insurance products. A conflict of interest exists to the extent that Vector recommends the purchase of insurance products where Joe receives insurance commissions or other additional compensation. Vector has procedures in place to ensure that all recommendations are made in the best interests of clients regardless of any additional compensation earned.





28

John E. Tenley Senior Wealth Advisor



This Brochure Supplement provides information about John E. Tenley that supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this supplement.

Additional information about John is available on the SEC website at www.adviserinfo.sec.gov.

John E. Tenley serves as a Senior Wealth Advisor at Vector Wealth Management.

John earned a Bachelor of Arts degree in Economics with a focus on Finance from Bethel University.

John Tenley joined Vector Wealth Management in 2017. Prior to joining Vector, John worked with SNS Financial Group as a Private Wealth Manager. John has been in the financial services industry since 2006.

[item one]

29[item two]


BS in Economics from Bethel University Recent Business Background


Private Wealth ManagerSNS Financial Group, LLC2014 – 2017

Investment AdvisorAmeriprise Financial Services, Inc.2006 – 2014


Accredited Asset Management SpecialistSM (AAMS®)

Chartered Retirement Planning CounselorSM (CRPC®)

John E. TenleyBorn 1983

[item three]


Vector is required to disclose the pertinent facts regarding any legal or disciplinary events material to a client’s evaluation of John. There are no disciplinary actions to disclose.

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[item five]


Vector is required to describe any arrangement under which John receives an economic benefit for providing advisory services to someone that is not a client of Vector. John is not in any compensatory advisory activities outside of Vector.

[item six]

Supervision

Thomas Fee, CEO, is generally responsible for supervising John’s advisory activities on behalf of Vector. If you have any questions, you may call Thomas Fee at (612) 378-7560.

Vector supervises its personnel and the investments made in client accounts. Vector monitors the investments recommended by John to ensure those investments are suitable for the particular client and consistent with their investment needs, goals, objectives and risk tolerance, as well as any restrictions previously requested by the client. Vector periodically reviews the advisory activities of John, which may include reviewing individual client accounts and correspondence (including emails) sent and received by John.

[item four]


Vector is required to disclose information regarding any investment-related business or occupation in which John is actively engaged. John is not actively engaged in any investment-related business or occupation outside of Vector Wealth Management.





31

Kyle C. Matkaitis Senior Wealth Advisor



This Brochure Supplement provides information about Kyle C. Matkaitis that supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this supplement.

Additional information about Kyle is available on the SEC website at www.adviserinfo.sec.gov.

Kyle C. Matkaitis serves as a Senior Wealth Advisor at Vector Wealth Management.

Kyle earned a Bachelor of Arts degree in Business Management focused on Organizational Leadership from St. Ambrose University.

Kyle joined Vector Wealth Management in 2017. Prior to joining Vector, Kyle worked with Fidelity Investments as a Financial Consultant, and at AXA Equitable in the Retirement Benefits Group. Kyle has been in the financial services industry since 2009.

[item one]

32[item two]


BA in Business Management from St. Ambrose University, Davenport, IA Recent Business Background


Financial ConsultantFidelity Brokerage Services, LLC2010 – 2016

Retirement Benefits GroupAXA Advisors, LLC2009 – 2010



Kyle C. MatkaitisBorn 1986

[item three]


Vector is required to disclose the pertinent facts regarding any legal or disciplinary events material to a client’s evaluation of Kyle. There are no disciplinary actions to disclose.

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[item five]


Vector is required to describe any arrangement under which Kyle receives an economic benefit for providing advisory services to someone that is not a client of Vector. Kyle is not in any compensatory advisory activities outside of Vector.

[item six]

Supervision

Thomas Fee, CEO, is generally responsible for supervising Kyle’s advisory activities on behalf of Vector. If you have any questions, you may reach Thomas Fee at (612) 378-7560.

Vector supervises its personnel and the investments made in client accounts. Vector monitors the investments recommended by Kyle to ensure they are suitable for the particular client and consistent with their investment needs, goals, objectives and risk tolerance, as well as any restrictions previously requested by the client. Vector periodically reviews the advisory activities of Kyle, which may include reviewing individual client accounts and correspondence (including emails) sent and received by Kyle.

[item four]


Vector is required to disclose information regarding any investment-related business or occupation in which Kyle is actively engaged. Kyle is not actively engaged in any investment-related business or occupation outside of Vector Wealth Management.





34

Michael J. Nesheim Senior Wealth Advisor



This Brochure Supplement provides information about Michael J. Nesheim that supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this supplement.

Additional information about Mike is available on the SEC website at www.adviserinfo.sec.gov.

Michael J. Nesheim serves as a Senior Wealth Advisor at Vector Wealth Management.

Mike earned a Bachelor of Science degree in Finance and Insurance Risk Management from the University of Minnesota at Carlson School of Management.

Mike joined Vector Wealth Management in 2019. Prior to joining Vector, Mike worked with Ballast Advisors, LLC as a Financial Advisor, and at Ameriprise Financial Services. Mike has been in the financial services industry since 2003.

[item one]

35[item two]


BS in Finance & Insurance Risk Management from University of Minnesota – Carlson School of Management Recent Business Background

Senior Wealth AdvisorSNS Financial Group, LLC dba Vector Wealth Management April 2019 – Present

Financial AdvisorBallast Advisors, LLC2017 – 2019

Financial AdvisorAmeriprise Financial Services2005 – 2017



Michael J. NesheimBorn 1981

[item three]


Vector is required to disclose the pertinent facts regarding any legal or disciplinary events material to a client’s evaluation of Mike. There are no disciplinary actions to disclose.

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[item five]


Vector is required to describe any arrangement under which Mike receives an economic benefit for providing advisory services to someone that is not a client of Vector. Mike is not in any compensatory advisory activities outside of Vector.

[item six]

Supervision

Thomas Fee, CEO, is generally responsible for supervising Mike’s advisory activities on behalf of Vector. If you have any questions, you may reach Thomas Fee at (612) 378-7560.

Vector supervises its personnel and the investments made in client accounts. Vector monitors the investments recommended by Mike to ensure they are suitable for the particular client and consistent with their investment needs, goals, objectives and risk tolerance, as well as any restrictions previously requested by the client. Vector periodically reviews the advisory activities of Mike, which may include reviewing individual client accounts and correspondence (including emails) sent and received by Mike.

[item four]


Vector is required to disclose information regarding any investment-related business or occupation in which Mike is actively engaged. Mike is not actively engaged in any investment-related business or occupation outside of Vector Wealth Management.





37

Krista L. Reeves Financial Planning Specialist Vector Wealth Management


This Brochure Supplement provides information about Krista L. Reeves that supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this supplement.

Additional information about Krista is available on the SEC website at www.adviserinfo.sec.gov.

Krista L. Reeves serves as a Financial Planning Specialist at Vector Wealth Management. She is a member of the Advanced Planning Group which develops client centered and integrated wealth management solutions.

Krista earned a Bachelor of Arts degree in Business Administration with a focus on Human Resource Management from Metropolitan State University.

Krista joined Vector Wealth Management in 2007. Prior to joining Vector, she worked with Secure Mortgage as an assistant loan processor. Krista has been in the financial services industry since 2005.

[item one]

38[item two]


BA in Business Administration from Metropolitan State University Recent Business Background

Financial Planning SpecialistSNS Financial Group, LLC dba Vector Wealth Management Jan. 2017 – Present

Financial Planning SpecialistVector Wealth Management, LLC2007 – 2017

Assistant Loan ProcessorPrecise Processing & Secure Mortgage2006 – 2007



Krista L. ReevesBorn 1988

[item three]


Vector is required to disclose the pertinent facts regarding any legal or disciplinary events material to a client’s evaluation of Krista. There are no disciplinary actions to disclose.

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[item five]


Vector is required to describe any arrangement under which Krista receives an economic benefit for providing advisory services to someone that is not a client of Vector. Krista is not in any compensatory advisory activities outside of Vector.

[item six]

Supervision

Thomas Fee, CEO, is generally responsible for supervising Krista’s advisory activities on behalf of Vector. If you have any questions, you may reach Thomas Fee at (612) 378-7560.

Vector supervises its personnel and the investments made in client accounts. Vector monitors the investments recommended by Krista to ensure they are suitable for the particular client and consistent with their investment needs, goals, objectives and risk tolerance, as well as any restrictions previously requested by the client. Vector periodically reviews the advisory activities of Krista, which may include reviewing individual client accounts and correspondence (including emails) sent and received by Krista.

[item four]


Vector is required to disclose information regarding any investment-related business or occupation in which Krista is actively engaged. Krista is not actively engaged in any investment-related business or occupation outside of Vector Wealth Management.





40

[item one]

Suzy M. Klapperich Chief Compliance Officer,

Financial Planning Specialist Vector Wealth Management


This Brochure Supplement provides information about Suzy M. Klapperich that supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this supplement.

Additional information about Suzy is available on the SEC website at www.adviserinfo.sec.gov.

Suzy Klapperich serves as Chief Compliance Officer and as a Financial Planning Specialist at Vector Wealth Management. She is also a member of Vector’s Advanced Planning Group, which develops client centered and integrated wealth management solutions.

Suzy joined Vector Wealth Management in 2015. Prior to joining Vector, Suzy worked with AdvisorNet Insurance as an Account Executive. Suzy has been in the financial services industry since 1987.

41[item two]


Studied at University of Minnesota – Duluth Recent Business Background

Chief Compliance Officer, Financial Planning SpecialistSNS Financial Group, LLC dba Vector Wealth Management Jan. 2017 – Present

Financial Planning SpecialistVector Wealth Management, LLC.2015 – 2017

Senior Account ExecutiveAdvisorNet Insurance2013 – 2015

Relationship ManagerTransAmerica Capital Inc.2000 – 2012


Financial Paraplanner Qualified Professional™ (FPQP™)

Suzy M. KlapperichBorn 1959

[item three]


Vector is required to disclose the pertinent facts regarding any legal or disciplinary events material to a client’s evaluation of Suzy. There are no disciplinary actions to disclose.

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[item five]


Vector is required to describe any arrangement under which Suzy receives an economic benefit for providing advisory services to someone that is not a client of Vector. Suzy is not in any compensatory advisory activities outside of Vector.

[item six]

Supervision

Thomas Fee, CEO, is generally responsible for supervising Suzy’s advisory activities on behalf of Vector. If you have any questions, you may reach Thomas Fee at (612) 378-7560.

Vector supervises its personnel and the investments made in client accounts. Vector monitors the investments recommended by Suzy to ensure they are suitable for the particular client and consistent with their investment needs, goals, objectives and risk tolerance, as well as any restrictions previously requested by the client. Vector periodically reviews the advisory activities of Suzy, which may include reviewing individual client accounts and correspondence (including emails) sent and received by Suzy.

[item four]


Vector is required to disclose information regarding any investment-related business or occupation in which Suzy is actively engaged.

Licensed Insurance AgentSuzy is a licensed insurance agent of Vector Insurance Services, LLC and in such capacity may recommend, on a fully-disclosed commission basis, the purchase of certain insurance products. A conflict of interest exists to the extent that Vector recommends the purchase of insurance products where Suzy receives insurance commissions or other additional compensation. Vector has procedures in place to ensure that all recommendations are made in the best interests of clients regardless of any additional compensation earned.





43

David R. Moser Financial Planning Specialist Vector Wealth Management


This Brochure Supplement provides information about David R. Moser that supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this supplement.

Additional information about David is available on the SEC website at www.adviserinfo.sec.gov.

David Moser serves as a Financial Planning Specialist at Vector Wealth Management. He is also a member of Vector’s Advanced Planning Group, which develops client centered and integrated wealth management solutions.

David earned a Bachelor of Arts degree in Business Administration focused on Financial Management from the University of St. Thomas.

David joined Vector Wealth Management in 2015. Prior to joining Vector, David worked with a Twin Cities financial firm as a Securities Trader. David has been in the financial services industry since 2010.

[item one]

44[item two]


BA in Business Administration from the University of St. Thomas Recent Business Background

Financial Planning SpecialistSNS Financial Group, LLC dba Vector Wealth Management Jan. 2017 – Present

Portfolio ManagementVector Wealth Management, LLC2015 – 2016

Investment AnalystGradient Investments, LLC2010 – 2015


CERTIFIED FINANCIAL PLANNER™

David R. MoserBorn 1990

[item three]


Vector is required to disclose the pertinent facts regarding any legal or disciplinary events material to a client’s evaluation of David. There are no disciplinary actions to disclose.

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[item five]


Vector is required to describe any arrangement under which David receives an economic benefit for providing advisory services to someone that is not a client of Vector. David is not in any compensatory advisory activities outside of Vector.

[item six]

Supervision

Thomas Fee, CEO, is generally responsible for supervising David’s advisory activities on behalf of Vector. If you have any questions, you may reach Thomas Fee at (612) 378-7560.

Vector supervises its personnel and the investments made in client accounts. Vector monitors the investments recommended by David to ensure they are suitable for the particular client and consistent with their investment needs, goals, objectives and risk tolerance, as well as any restrictions previously requested by the client. Vector periodically reviews the advisory activities of David, which may include reviewing individual client accounts and correspondence (including emails) sent and received by David.

[item four]


Vector is required to disclose information regarding any investment-related business or occupation in which David is actively engaged. David is not actively engaged in any investment-related business or occupation outside of Vector Wealth Management.





46

Christopher M. WagnerFinancial Planning SpecialistVector Wealth Management


Christopher M. Wagner serves as a Financial Planning Specialist at Vector Wealth Management. He is also a member of Vector’s Advanced Planning Group, which develops client centered and integrated wealth management solutions.

Chris earned a Bachelor of Business Administration degree with a focus on Finance and Financial Planning from the University of Minnesota – Duluth.

Prior to joining Vector, Chris worked with a Twin Cities investment advisory firm as a Financial Planning Assistant. Christopher has been in the financial services industry since 2011.

[item one]

This Brochure Supplement provides information about Christopher M. Wagner that supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this supplement.

Additional information about Chris is available on the SEC website at www.adviserinfo.sec.gov.

47[item two]


Bachelor of Business Administration, University of Minnesota – Duluth Recent Business Background

Financial Planning SpecialistSNS Financial Group, LLC dba Vector Wealth Management March 2017 – Present

Financial Planning AssistantNavPoint Financial, Inc.2012 – 2017

InternEndersbe, Herron and Associates 2011 – 2012

Designations


[item three]


Vector is required to disclose the pertinent facts regarding any legal or disciplinary events material to a client’s evaluation of Chris. There are no disciplinary actions to disclose.

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Christopher M. Wagner Born 1990

48

[item five]


Vector is required to describe any arrangement under which Chris receives an economic benefit for providing advisory services to someone that is not a client of Vector. Chris is not in any compensatory advisory activities outside of Vector.

[item six]

Supervision

Thomas Fee, CEO, is generally responsible for supervising Chris’s advisory activities on behalf of Vector. If you have any questions, you may reach Thomas Fee at (612) 378-7560.

Vector supervises its personnel and the investments made in client accounts. Vector monitors the investments recommended by Chris to ensure they are suitable for the particular client and consistent with their investment needs, goals, objectives and risk tolerance, as well as any restrictions previously requested by the client. Vector periodically reviews the advisory activities of Chris, which may include reviewing individual client accounts and correspondence (including emails) sent and received by Chris.

[item four]


Vector is required to disclose information regarding any investment-related business or occupation in which Chris is actively engaged. Chris is not actively engaged in any investment-related business or occupation outside of Vector Wealth Management.





49

[item one]

Charlie A. GruysFinancial Planning SpecialistVector Wealth Management


Charlie Gruys serves as a Financial Planning Specialist at Vector Wealth Management. He is also a member of Vector’s Advanced Planning Group, which develops client centered and integrated wealth management solutions.

Charlie earned a Bachelor of Science degree with a focus on business and finance from Montana State University at Bozeman.

Charlie joined Vector Wealth Management in 2019. Prior to joining Vector, Charlie worked with Fidelity Investments as an Investment Consultant. Charlie has been in the financial services industry since 2008.

This Brochure Supplement provides information about Charlie A Gruys that supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this supplement.

Additional information about Charlie is available on the SEC website at www.adviserinfo.sec.gov.

50[item two]

[item three]

Post-Secondary Education BS in Business at Montana State University – Bozeman, MT Recent Business Background

Financial Planning SpecialistSNS Financial Group, LLC dba Vector Wealth Management June 2019 – Present

Investment ConsultantFidelity Brokerage Services LLC2012 – 2019

Investment SpecialistVanguard Marketing Corporation2011 – 2012

Client Relationship AssociateVanguard Marketing Corporation2008 – 2011



Charlie A. GruysBorn 1985


Vector is required to disclose the pertinent facts regarding any legal or disciplinary events material to a client’s evaluation of Charlie. There are no disciplinary actions to disclose.

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[item five]

[item six]

[item four]


Vector is required to describe any arrangement under which Charlie receives an economic benefit for providing advisory services to someone that is not a client of Vector. Charlie is not in any compensatory advisory activities outside of Vector.

Supervision

Thomas Fee, CEO, is generally responsible for supervising Charlie’s advisory activities on behalf of Vector. If you have any questions, you may reach Thomas Fee at (612) 378-7560.

Vector supervises its personnel and the investments made in client accounts. Vector monitors the investments recommended by Charlie to ensure they are suitable for the particular client and consistent with their investment needs, goals, objectives and risk tolerance, as well as any restrictions previously requested by the client. Vector periodically reviews the advisory activities of Charlie, which may include reviewing individual client accounts and correspondence (including emails) sent and received by Charlie.


Vector is required to disclose information regarding any investment-related business or occupation in which Charlie is actively engaged. Charlie is not actively engaged in any investment-related business or occupation outside of Vector Wealth Management.





52

[item one]

Eric M. ArndtFinancial Planning SpecialistVector Wealth Management


Eric Arndt serves as a Financial Planning Specialist at Vector Wealth Management. He is also a member of Vector’s Advanced Planning Group, which develops client centered and integrated wealth management solutions.

Eric earned a Bachelor of Science degree in Business Administration with a focus on Management from St. Mary’s University of Minnesota.

Eric joined Vector Wealth Management in 2015. Prior to joining Vector, Eric worked with Wells Fargo Private Bank as a Senior Client Associate. Eric has been in the financial services industry since 2010.

This Brochure Supplement provides information about Eric M. Arndt that supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this supplement.

Additional information about Eric is available on the SEC website at www.adviserinfo.sec.gov.

53[item two]

[item three]

Post-Secondary Education BS in Business, Saint Mary’s University of Minnesota Recent Business Background

Financial Planning SpecialistSNS Financial Group, LLC dba Vector Wealth Management 2015 – Present

Customer Service RepWells Fargo Bank2010 – 2015

Custom Product SpecialistDeluxe Business2006 – 2010


Financial Paraplanner Qualified Professional™ (FPQP™ )

Eric M. ArndtBorn 1980


Vector is required to disclose the pertinent facts regarding any legal or disciplinary events material to a client’s evaluation of Eric. There are no disciplinary actions to disclose.

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[item five]

[item six]

[item four]


Vector is required to describe any arrangement under which Eric receives an economic benefit for providing advisory services to someone that is not a client of Vector. Eric is not in any compensatory advisory activities outside of Vector.

Supervision

Thomas Fee, CEO, is generally responsible for supervising Eric’s advisory activities on behalf of Vector. If you have any questions, you may reach Thomas Fee at (612) 378-7560.

Vector supervises its personnel and the investments made in client accounts. Vector monitors the investments recommended by Eric to ensure they are suitable for the particular client and consistent with their investment needs, goals, objectives and risk tolerance, as well as any restrictions previously requested by the client. Vector periodically reviews the advisory activities of Eric, which may include reviewing individual client accounts and correspondence (including emails) sent and received by Eric.


Vector is required to disclose information regarding any investment-related business or occupation in which Eric is actively engaged. Eric is not actively engaged in any investment-related business or occupation outside of Vector Wealth Management.





55

Jacob A. RanalloPortfolio Management



Jacob A. Ranallo serves as a Portfolio Manager at Vector Wealth Management. He is a member of Vector’s Portfolio Management Group, which is responsible for developing strategies and monitoring short- and long-term portfolio allocation. Jake is also a member of Vector’s Investment Committee, which is responsible for security selection, asset allocation, and investment due diligence.

Jake earned a Master’s of Business Administration from the University of Minnesota – Carlson School of Management. He also holds a Bachelor of Arts degree in Accounting with a focus on Finance from St. John’s University.

Jake joined Vector Wealth Management in 2011. Prior to joining Vector, he worked with Wells Fargo Home Mortgage as a Loan Specialist. Jake has been in the financial services industry since 2010.

[item one]

This Brochure Supplement provides information about Jacob A. Ranallo that supplements the Disclosure Brochure of SNS Financial Group, LLC dba Vector Wealth Management, (hereinafter “Vector”), a copy of which you should have received. Please contact Vector’s Chief Compliance Officer if you did not receive the Disclosure Brochure or if you have any questions about the contents of this supplement.

Additional information about Jake is available on the SEC website at www.adviserinfo.sec.gov.

56[item two]


Master of Business Administration from University of Minnesota – Carlson School of Management BS in Accounting & Finance from St. John’s University, MN Recent Business Background

Portfolio ManagementSNS Financial Group, LLC dba Vector Wealth Management Jan. 2011 – Present

Jacob A. RanalloBorn 1989

[item three]


Vector is required to disclose the pertinent facts regarding any legal or disciplinary events material to a client’s evaluation of Jake. There are no disciplinary actions to disclose.

57

[item five]


Vector is required to describe any arrangement under which Jake receives an economic benefit for providing advisory services to someone that is not a client of Vector. Jake is not in any compensatory advisory activities outside of Vector.

[item six]

Supervision

Thomas Fee, CEO, is generally responsible for supervising Jake’s advisory activities on behalf of Vector. If you have any questions, you may reach Thomas Fee at (612) 378-7560.

Vector supervises its personnel and the investments made in client accounts. Vector monitors the investments recommended by Jake to ensure they are suitable for the particular client and consistent with their investment needs, goals, objectives and risk tolerance, as well as any restrictions previously requested by the client. Vector periodically reviews the advisory activities of Jake, which may include reviewing individual client accounts and correspondence (including emails) sent and received by Jake.

[item four]


Vector is required to disclose information regarding any investment-related business or occupation in which Jake is actively engaged. Jake is not actively engaged in any investment-related business or occupation outside of Vector Wealth Management.

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59[brochure supplement]

Education and Business StandardsVector Wealth Management generally requires successful completion of university study and/or its educational or business equivalent for its advisors. Investment professionals demonstrate their knowledge and skills by either business background, education, professional designations or any combination thereof. Generally, weight will be given to candidates with advanced professional certifications in the financial services industry.

Professional CertificationsEmployees have collectively earned the following certifications and credentials that are required to be explained in further detail.

Certified Financial Planner™ (CFP®)The Certified Financial Planner™ designation is a professional certification mark for financial planners, conferred by the Certified Financial Planner Board of Standards, Inc. To be authorized to use the designation, the candidate must meet education, examination, experience and ethics requirements:

• Attain a Bachelor’s Degree from a regionally accredited United States college or university (or its equivalent from a foreign university);

• Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board’s studies have determined as necessary for the competent and professional delivery of financial planning services;

• Pass the comprehensive 10-hour CFP® Certification Examination;• Complete at least three years of full-time financial planning-related experience (or

the equivalent, measured as 2,000 hours per year);• Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of

documents outlining the ethical and practice standards for CFP® professionals;• Complete 30 hours of continuing education hours every two years, including

two hours o the Code of Ethics and other parts of the Standards of Professional Conduct; and

• Renew an agreement to be bound by the Standards of Professional Conduct which require that CFP® professionals provide financial planning services at a fiduciary standard of care. This means CFP® professionals must provide financial planning services in the best interests of their clients.

CFP® professionals who fail to comply with the above standards and requirements may be subject to CFP Board’s enforcement process, which could result in suspension or permanent revocation of their CFP® certification.

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Accredited Investment Fiduciary® (AIF®)The AIF® designation certifies that the recipient has specialized knowledge of fiduciary standards of care and their application to the investment management process. The certification is administered by the Center for Fiduciary Studies, LLC (a Fiduciary360 company). AIF® designation requirements are:

• Complete a training program;• Pass a comprehensive, closed-book final examination under the supervision of a

proctor;• Agree to abide by the AIF® Code of Ethics;• Complete six hours of continuing education credits every year; and• Renew, on an annual basis, affirmation of the AIF® Code of Ethics.

Certified Public Accountant (CPA)CPAs are licensed and regulated by their state boards of accountancy. While state laws and regulations vary, the education, experience and testing requirements for licensure as a CPA generally include the following:

• Minimum college education (typically 150 credit hours with at least a baccalaureate degree and a concentration in accounting);

• Minimum experience levels (most states require at least one year of experience providing services that involve the use of accounting, attest, compilation, management advisory, financial advisory, tax or consulting skills, all of which must be achieved under the supervision of or verification by a CPA);

• Pass the Uniform CPA Examination• Complete 40 hours of continuing professional education (CPE) each year (or 80 hours

over a two year period or 120 hours over a three year period); and• American Institute of Certified Public Accountants (AICPA) members are required

to follow a Code of Professional Conduct which requires that they act with integrity objectivity, due care, competence, fully disclose any conflicts of interest (and obtain client consent if a conflict exists), maintain client confidentiality, disclose to the client any commission or referral fees, and serve the public interest when providing financial services.

Chartered Financial Consultant (ChFC®)The ChFC® designation is a financial planning credential awarded by the American College to individuals who satisfy its educational, work experience and ethics requirements. Recipients of the ChFC® certification have completed at least seven mandatory college-level courses in the areas of financial, insurance, retirement and/or estate planning, as well as income taxation and/or investments. Additionally, recipients have completed at least two elective courses on the financial system, estate planning applications, executive compensation, and/or retirement decisions. In order to maintain the designation, ChFC® holders must satisfy the ongoing requirements of the Professional Achievement in Continuing Education (“PACE”) Recertification Program, which includes continuing education on an ongoing basis.

61

Accredited Asset Management Specialist (AAMS®)Individuals who hold the AAMS® designation have completed a course of study encompassing investments, insurance, tax, retirement, and estate planning issues. The program is designed for approximately 120-150 hours of self-study. The program is self-paced and must be completed within one year from enrollment.

Financial Paraplanner Qualified Professional (FPQPTM)Individuals who hold the FPQPTM designation have completed a course of study encompassing the financial planning process; the five disciplines of financial planning; and general financial planning concepts, terminology, and product categories. The program is designed for approximately 80-120 hours of self-study. The program is self-paced and must be completed within one year from enrollment.

Chartered Retirement Planning CounselorSM (CRPC®)Individuals who hold the CRPC® designation have completed a course of study encompassing pre-and post-retirement needs, asset management, estate planning and the entire retirement planning process using models and techniques from real client situations. Additionally, individuals must pass an end-of-course examination that tests their ability to synthesize complex concepts and apply theoretical concepts to real-life situations. All designees have agreed to adhere to Standards of Professional Conduct and are subject to a disciplinary process. Designees renew their designation every two-years by completing 16 hours of continuing education, reaffirming adherence to the Standards of Professional Conduct and complying with self-disclosure requirements.

Certified Divorce Financial Analyst (CDFA®)CDFA® practitioners must have a minimum of three years work experience in a financial or legal capacity prior to earning the right to use the CDFA certification mark. CDFA candidates must also develop their theoretical and practical understanding and knowledge of the financial aspects of divorce by completing a comprehensive course of study approved by the Institute for Divorce Financial Analysts™ (IDFA™). CDFA candidates must complete a four-part Educational Curriculum and Certification Exam that tests their understanding and knowledge of the financial aspects of divorce. The candidate must also demonstrate the practical application of this knowledge in the divorce process by completing a comprehensive case study. CDFA practitioners agree to abide by a strict code of professional conduct known as the IDFA Code of Ethics and Professional Responsibility, which sets forth their ethical responsibilities to the public, clients, employers and other professionals. CDFA practitioners are required to maintain technical competence and to fulfill ethical obligations. Practitioners must pay an annual reinstatement fee. Every two years, they must complete a minimum of fifteen (15) hours of continuing education specifically related to the field of divorce.

Chartered Financial Analyst™ (CFA®)Currently offered and recognized by the issuing organization CFA Institute. Prospectivecandidate must meet one of the following requirements: Be in the final year of abachelor’s degree program, OR Have four years of professional work experience, ORHave a combination of professional work and university experience that totals at leastfour years. Education Requirements: Self-study program (250 hours of study for each ofthe three levels), Pass all three exams, AND Four years of processional work experiencein the investment decision-making process (accrued before, during, or after participationin the CFA Program). Examination Type: Three six-hour course exams. ContinuingEducation Requirements: None

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Updated August 1, 2019 V19210394

Vector Wealth Management 43 Main Street SE, Suite 236, Minneapolis, MN 55414

www.vectorwealth.comlocal: 612.378.7560 | toll free: 877-383-2867

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