Our History

First founded as a tax practice in 1981, Berger & Associates, Inc., led by Larry Berger, added financial planning and wealth management to its services soon after its founding. Larry was one of the first people in the nation to be credentialed as a Certified Financial Planner™ in the early 1980s. This comprehensive integration of total tax and financial planning together proved to be a recipe for client success and still holds a keystone principle of what makes the firm what it is today.

In 2003, Larry’s son, Mark Berger, fully joined the company, making the firm known as Berger Financial Group (BFG) a family business. This new iteration of BFG came with operational improvements and growth, leading to the doubling of our staff in just a few short years. In 2010, an ill colleague and subsequent succession planning personally illustrated the need for the next generation of ethical financial planning professionals. Since then, BFG has prided itself on being the premier firm in this niche area, working with incredible financial planners of every generation and bringing on more than a dozen firms of expert professionals. One of these was the award-winning firm Wade Financial Group, which helped expand the breadth of BFG‘s investment management capabilities.

Through the Years

Founded as Berger and Associates, Inc. by Larry Berger. A CPA by nature, Larry realized that there was a lot of added value that he could offer his clients.
Name changed to Berger Financial Group, Inc. (BFG) Mark Berger joined the firm to work alongside Larry Berger after interning.
An all-female leadership team was formed to ensure culture and efficiency as we continued to grow.
BFG completes its first acquisition of another financial planning firm, a colleague that fell terminally ill. 99% retention of those she worked with.
Moved to current location in Plymouth, MN
BFG promoted four key longtime staff to Financial Advisors, all female.
BFG’s largest acquisition to date. Acquired Wade Financial Group and their eight staff members and formed formal investment committee.
Added our second location, Naples, FL
Added our third location, Burlington, VT
ESOP: BFG became fully employee owned, making every employee an owner, and boosting the ability to attract new talent.
Board expansion to include outside members.
Added second Minnesota location in Monticello, MN
Moved to working remotely. Flexibility has proven to be a match with our staff & technology, which had been recently upgraded prior to COVID.
Independent RIA formed and transitioned away from Cambridge Investment Research
Added third Minnesota location in Bloomington, MN
Added two new Arizona locations in Sun City West and Scottsdale.
Added fourth Minnesota location in Minnetonka, MN
Added new location in Portland, Maine
In 2019, BFG demonstrated the strength and commitment of its team further by establishing an ESOP (Employee Stock Ownership Plan), quickly followed by becoming an independent RIA (Registered Investment Advisory) in 2020. Fiercely independent, BFG is looking to the future creatively as we continue to see the acceleration of change happening around us. Although there is always uncertainty for the future, our dedicated team of professionals possesses the qualifications necessary to help reach their goals and guide genuine care on any wealth journey.