Five Star award winner Frank S. Shimkus, Jr. AIF, CFS

PROFESSIONAL PROFILE

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Frank S. Shimkus, Jr. AIF, CFS

Partner/Owner

Burns Brothers Financial Group

9555 James Ave S Suite 200

Bloomington, MN 55431

Office: 952-881-4533

fshimkus@bbfg.com
frankshimkus.com

Professional Approach

We believe planning for the future requires more than investment advice. It does not have to happen in silos, where a tax accountant focuses only on taxes and another firm handles the financial plan.

The Shimkus team brings together decades of wealth management and tax planning experience, along with health insurance and Medicare expertise. We work seamlessly with clients to help them prepare for the future and navigate major life transitions, such as retirement, divorce, the loss of a spouse or the loss of a job.

We provide our clients with three important things:
1) Partnership: We prioritize strong client relationships, working with clients and their
families through the ages and stages of life.
2) Clarity: We help our clients organize their unique needs, concerns and goals.
3) Insight: We use our experience and understanding of each client’s personal situation to
identify appropriate strategies. These may include preparing for retirement, long-term
care or life insurance planning, estate considerations and more.
We believe better plans come from working as a complete system rather than addressing
individual parts.

Holistic is not just our approach to planning — it defines who we are.

See Accomplishments

This award was issued on 11/01/2026 by Five Star Professional (FSP) for the time period 03/13/2026 through 09/30/2026. Fee paid for use of marketing materials. Self-completed questionnaire was used for rating. This rating is not related to the quality of the investment advice and based solely on the disclosed criteria. 4806 Twin Cities-area wealth managers were considered for the award; 508 (11% of candidates) were named 2027 Five Star Wealth Managers. The following prior year statistics use this format: YEAR: # Considered, # Winners, % of candidates, Issued Date, Research Period. 2026: 5,789, 517, 9%, 11/1/25, 3/13/25 - 10/1/25; 2025: 4,789, 624, 13%, 11/1/24, 3/13/24 - 10/29/24; 2024: 4,280, 637, 15%, 12/1/23, 3/13/23 - 9/29/23; 2023: 4,080, 633, 16%, 12/1/22, 3/14/22 - 10/18/22; 2022: 4544, 622, 14%, 12/1/21, 3/29/21 - 10/8/21; 2021: 4004, 630, 16%, 12/1/20, 3/30/20 - 10/23/20; 2020: 3606, 589, 16%, 12/1/19, 3/1/19 - 10/25/19; 2019: 3504, 671, 19%, 12/1/18, 3/23/18 - 10/23/18; 2018: 2622, 591, 23%, 12/1/17, 2/23/17 - 10/13/17; 2017: 2304, 836, 36%, 11/1/16, 2/25/16 - 10/14/16; 2016: 2083, 854, 41%, 11/1/15, 4/17/15 - 10/14/15; 2015: 2673, 825, 31%, 12/1/14, 4/17/14 - 10/14/14; 2014: 1931, 844, 44%, 12/1/13, 4/17/13 - 10/14/13; 2013: 2151, 863, 40%, 12/1/12, 4/17/12 - 10/14/12; 2012: 1256, 624, 50%, 11/1/11, 4/17/11 - 10/14/11.

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Securities and advisory services off ered through LPL Financial, a registered investment advisor,
Member FINRA/SIPC. Tax related services offered through Burns Brothers Financial Group
(BBFG). BBFG is a separate legal entity and not affiliated with LPL Financial. LPL Financial does
not offer tax advice or tax related services.

Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. The award is based on 10 objective criteria. Eligibility criteria - required: 1. Credentialed as a registered investment adviser (RIA) or a registered investment adviser representative; 2. Actively licensed as a RIA 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 FSP, 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 FSP's consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through FSP'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. FSP does not evaluate quality of services provided to clients. The 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 clients' 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 FSP 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 FSP in the future. Visit www.fivestarprofessional.com.