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Twin Cities Five Star award winner

PROFESSIONAL ACCOMPLISHMENTS

Awards & Accomplishments

  • Five Star Wealth Manager award winner 2013, 2014, 2015, 2016, 2017 and 2018

 

Establishing Klinkhammer Financial in 1984, Joe envisioned an independent financial firm that would focus primarily on advising small business owners, families and individuals. Joe has been living that vision for over 30 successful years.

Having grown up in a family owned business and understanding its complexities, Joe understands firsthand the many areas of concern that successful business owners can face. It is through this understanding that his unwavering effort and reputation for integrity and professionalism have built a strong client base from consistent referrals and introductions from current clients, and a strong network of trusted professionals. Joe's areas of expertise lie in retirement planning, asset management, family estate planning, employer and executive benefits & compensation, buy/sell agreements between business partners, and many other unique investment and planning strategies.

Always active in his industry, Joe is a member of NAIFA through the Minneapolis/St. Paul chapter, is recognized as a consecutive Five Star Wealth Manager** featured in both the Twin Cities Business Journal & Mpls.St.Paul Magazines. Joe is a two-time past-President of Penn Mutual's Producer Advisory Council (PAC), as well as former Treasurer of the Executive Council. Additionally, Joe is a prior member of the Pacific Advisory Council of Pacific Life. Joe's qualifications include earning the Charted Financial Consultant (ChFC) designation, being a Chartered Life Underwriter (CLU), and also include the Series 6, Series 7 & Series 63 securities registrations.

**To receive the Five Star Wealth Manager award, individuals must satisfy a series of eligibility and evaluation criteria associated with wealth managers who provide services to clients. Recipients are identified through research conducted by industry peers and firms. Third party rankings and recognitions from rating services or publications are not indicative of past or future investment performance. For more information, go to www.fivestarprofessional.com

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Investment Advisory Services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser, Securities offered through Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Klinkhammer Financial is independent of Cambridge.

*Winners appearing on this page do not pay a fee to be considered or to win the Five Star Award. Professionals with a digital profile have paid a promotional fee.
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. 4,544 Twin Cities-area wealth managers were considered for the award; 622 (14% of candidates) were named 2022 Five Star Wealth Managers. 2021: 4,004 considered, 630 winners: 2020: 3,606 considered, 589 winners; 2019: 3,504 considered, 671 winners; 2018: 2,622 considered, 591 winners; 2017: 2,304 considered, 836 winners; 2016: 2,083 considered, 854 winners; 2015: 2,673 considered, 825 winners; 2014: 1,931 considered, 844 winners; 2013: 2,151 considered, 863 winners; 2012: 1,256 considered, 624 winners.