# EFS ADVISORS LLC

EFS ADVISORS LLC of CAMBRIDGE, MN is an SEC-registered investment adviser. This firm reports disciplinary history on Form ADV.

## Registration

- CRD: 115211
- Type: SEC-registered investment adviser
- SEC file number: 801-62857
- Location: 1995 EAST RUM RIVER DRIVE S, CAMBRIDGE, MN, 55008
- Phone: 763-689-9023
- Latest filing: 2026-03-03
- Regulatory AUM: $2.4B
- Discretionary AUM: $2.2B
- Non-discretionary AUM: $197.8M
- Clients: 59
- Accounts: 29,438

## Business model

- Compensation: % of AUM, Hourly
- Clients served: Individuals, High net worth, Pooled vehicles, Pensions, Corporations

## Officers, owners & control persons (8)

| Name | Role | Location |
| --- | --- | --- |
| Kent Donald Schutte | PRESIDENT | — |
| Dorothy Susan Fuller | COO | — |
| Lynn M Schutte | VICE PRESIDENT | — |
| Ellie Jo Killian | CCO | — |
| SCHUTTE KENT DONALD | PRESIDENT; PRESIDENT/CHIEF COMPLIANCE OFFICER | — |
| FULLER DOROTHY SUSAN | COO | — |
| LANCE NEIL GREGORY | CCO | — |
| Schutte Lynn M | VICE PRESIDENT | — |


## Disclosures (2)

| Initiated | Type | Allegations | Status | Amount |
| --- | --- | --- | --- | --- |
| 2021-08-27 | regulatory | EDUCATORS FINANCIAL, A REGISTERED INVESTMENT ADVISER THAT PRIMARILY MARKETS ITS SERVICES TO TEACHERS, VIOLATED THE ADVISERS ACT AS A RESULT OF ITS BILLING PRACTICES AND MUTUAL FUND SHARE CLASS SELECTION FOR CLIENTS. WITH RESPECT TO ITS BILLING PRACTICES, EDUCATORS FINANCIAL (I) FAILED TO CONSISTENTL… | Final | $250K |


## Branch offices (25)

_Showing 15 of 25 offices._

| City | State | Employees | Phone |
| --- | --- | --- | --- |
| APPLE VALLEY | MN | 6 | 612-581-8376 |
| MINNETONKA | MN | 4 | 952-941-9141 |
| STILLWATER | MN | 4 | 866-439-3131 |
| ROCHESTER | MN | 4 | 507-285-1594 |
| CAMBRIDGE | MN | 3 | 763 689 9023 |
| ST. PAUL | MN | 3 | 651-292-4895 |
| — | — | 3 | 319-895-6791 |
| WAITE PARK | MN | 3 | 320-558-2955 |
| — | — | 2 | 651-213-0900 |
| BROOKLYN PARK | MN | 2 | 763 315 3416 |
| OWATONNA | MN | 2 | 507-363-9618 |
| WILLMAR | MN | 2 | 320-217-7090 |
| CHISHOLM | MN | 2 | 218-262-1680 |
| DULUTH | MN | 1 | 218-208-8775 |
| — | — | 1 | 651-383-8135 |


## Related pages

- Form ADV Part 2 brochure: https://search.stillhousedata.com/firm/115211/brochure
- Similar advisers: https://search.stillhousedata.com/firm/115211/similar
- Related entities: https://search.stillhousedata.com/firm/115211/related
- SEC IAPD (source of record): https://adviserinfo.sec.gov/firm/summary/115211

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Source: public SEC Form ADV data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.