Illumifi Wealth fees and pricing

Financial planner in Blaine, Minnesota. Registered with state securities regulators.

According to its Form ADV Part 2A brochure dated January 8, 2026, Illumifi Wealth charges $250 an hour for financial planning.

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed January 8, 2026. Fees can change, so confirm with the firm before you hire them.

Payment and refund terms, quoted from the fee section of the brochure.

“Fees are negotiable and some fees may vary by Client for similar services.”
“The fee is based on a percentage of assets under management and is negotiable.”
“Our advisory fee is prorated for any partial billing periods occurring during the engagement, including the initial and terminating billing periods.”

Its hourly rate of $250 is below the Minnesota median of $263. 35% of the 115 other Minnesota planners that publish an hourly rate charge less.
2 of the 2 other planners in Blaine that publish an hourly rate charge less.

Principal: Carter Michaelson
Solo practice: one person runs the firm, so you work directly with the planner.
Registered as an adviser: 2025.

How the firm is paid: Hourly fees, fixed or flat fees, percentage of assets under management
Charges a % of assets: Yes
Highest asset based fee in brochure: 0.8% a year
Clients: 46
Employees: 1
Works with: Individuals
Services reported to regulators: Financial planning and portfolio management for individuals and small businesses
Assets managed: $8,452,654
Registered with: State securities regulators
Disciplinary disclosures: None reported
SEC CRD number: 338755
Website: illumifiwealth.com (opens in new tab)
Phone: (651) 237-3725

Is something on this page wrong or out of date? Email corrections@plannerfees.com and PlannerFees will check it against the firm's latest filing.