New Horizons Boutique Financial Services
Alec Engman, Financial Advisor in Minnesota
Alec Engman is a financial advisor at New Horizons Boutique Financial Services, serving professionals, executives, and business owners across the Twin Cities metro. He holds a B.S. in Economics from the University of Minnesota and FINRA Series 7, 63, 65, and 66 registrations, along with Life and Health Insurance licensing.
About Alec Engman
Minnesota Financial Advisor With an Economics Foundation
Alec Engman is a financial advisor at New Horizons Boutique Financial Services, serving professionals, executives, and business owners across the Twin Cities metro from the firm's office in Lake Elmo, Minnesota. He holds a Bachelor of Science in Economics from the University of Minnesota and FINRA Series 7, 63, 65, and 66 registrations, along with Life and Health Insurance licensing.
Alec's economics training shapes how he approaches financial planning: by analyzing how tax policy, market conditions, and income structures interact, he helps clients build strategies designed to support long-term financial independence. His credentials span securities registration, investment advisory, and insurance licensing, allowing him to coordinate multiple aspects of a client's financial picture within a single, cohesive strategy. Every strategy Alec develops is tailored to the individual; no templates are used.
Alec works alongside Lars Engman, MBA at New Horizons Boutique Financial Services. Together, they serve a limited number of clients to ensure each relationship receives full time and direct advisor access. The firm serves clients across the Twin Cities metro, including Lake Elmo, Woodbury, Stillwater, Afton, Bayport, Arden Hills, Apple Valley, Anoka, Andover, Albertville, Belle Plaine, Austin, and Alexandria.
Credentials and Qualifications
Registration Verification
Alec Engman's investment adviser registration is publicly verifiable through the SEC Investment Adviser Public Disclosure database. Prospective clients are encouraged to review advisor backgrounds using SEC IAPD or FINRA BrokerCheck.
Connect With Alec
Areas of Focus
Planning Services Alec Provides
Alec's work spans the core financial planning needs of Minnesota professionals, from retirement timing to business transitions. Each engagement begins with a comprehensive discovery process before any recommendations are made.
Financial Independence Planning
Cash flow analysis, asset evaluation, and income modeling designed to answer whether work can become optional. Alec helps clients understand where they stand today and what steps may move them toward financial freedom. Learn more about financial independence planning.
Business Owner Exit Planning
Strategic planning for business owners preparing for liquidity events or succession. Alec coordinates the financial aspects of business transitions with personal financial goals. Explore the 5 Ds of exit planning and learn more about business owner exit planning in Minnesota.
Tax Optimization Planning
Coordination of investment accounts, retirement withdrawals, and income timing to help reduce unnecessary federal and Minnesota state tax exposure. Results vary by individual tax situation and may involve trade-offs. See tax planning strategies for high-income earners and review our year-end tax planning checklist.
Retirement Strategy Development
Comprehensive retirement income analysis including Social Security optimization, account coordination, and withdrawal sequencing. Read about RMD strategy and Roth conversion planning and explore retirement planning in Minnesota.
Wealth Management
Investment portfolio management with allocation strategies designed for individual risk tolerance and time horizon. For an overview of how wealth management differs from general financial advisory services, see wealth management vs. financial advisor and wealth management in Stillwater, MN.
Executive Financial Planning
Planning for corporate professionals navigating complex compensation, stock options, and deferred compensation. Learn about working with high net worth individuals in Minnesota and explore executive financial planning in the Twin Cities.
From Alec
Alec Engman on Financial Planning
Alec shares his perspective on strategy-first financial planning and what clients can expect when working with New Horizons Boutique Financial Services.
Philosophy
Strategy Before Products
Alec's approach mirrors the firm's founding principle: every recommendation begins with a comprehensive strategy tailored to each client's situation. No templates. No product-first thinking.
Comprehensive Discovery
Alec analyzes the complete financial picture including assets, income, expenses, tax situation, and long-term goals. This includes understanding how Minnesota's tax environment affects each client's specific circumstances.
Custom Strategy Development
Based on the discovery process, Alec develops a strategy covering investments, taxes, cash flow, insurance, and estate planning. Every plan is built from scratch for the individual client, not adapted from a template. For a deeper look at the fiduciary standard that guides this work, see is a fiduciary better than a financial advisor and fiduciary financial advisor in the east Twin Cities.
Implementation and Ongoing Review
Strategies are implemented with quarterly reviews to adapt as life and goals evolve. This includes monitoring changes in Minnesota tax law and federal policy that may affect the client's plan. See our Social Security claiming strategy guide and Medicare planning coordination resources for examples of ongoing planning considerations.
Why Work With Alec
Boutique by Design
New Horizons Boutique Financial Services intentionally limits the number of clients served so every relationship receives full time and attention. When you work with Alec, you work directly with him, not a team of junior associates or a call center.
Alec's economics background from the University of Minnesota provides an analytical framework for evaluating financial decisions. His FINRA Series 7, 63, 65, and 66 registrations cover both securities and investment advisory services, and his Life and Health Insurance licensing allows for coordinated insurance planning within the broader strategy. For a deeper look at what the fiduciary standard means for clients, see is a fiduciary better than a financial advisor and independent fiduciary advisor vs. broker.
For professionals evaluating whether they have enough to retire, Alec's approach connects to resources like how much you need to retire in Minnesota and how long $750,000 may last in retirement at 62. For business owners, see the 5 Ds of exit planning and our business owner exit planning in Minnesota guide.
- 1 Direct access to your advisor, not junior staff or call centers
- 2 FINRA Series 7, 63, 65, and 66 registrations plus insurance licensing
- 3 University of Minnesota economics training applied to real-world planning
- 4 Every plan custom-built, not based on templates
- 5 Quarterly review meetings to adapt strategy as life evolves
- 6 Education-focused approach keeping you informed at every step
Where You Stand Today
Take the Financial Health Quiz
Not sure if you are ready for financial planning yet? Start with our complimentary Financial Health Quiz to see where you stand today. It takes a few minutes, with no cost and no obligation.
Take the Financial Health QuizFrequently Asked Questions
Common Questions About Alec Engman
What Is Alec Engman's Educational Background?
Alec Engman holds a Bachelor of Science in Economics from the University of Minnesota. His economics training provides a framework for analyzing how tax policy, market conditions, and income structures interact, which informs the financial strategies he develops for clients.
What Credentials Does Alec Engman Hold?
Alec holds FINRA Series 7, 63, 65, and 66 registrations, along with Life and Health Insurance licensing. The Series 7 covers general securities, Series 63 covers state securities law, Series 65 qualifies him as an investment advisor representative, and Series 66 combines the investment advisor and securities agent qualifications. His registration is publicly verifiable through the SEC Investment Adviser Public Disclosure database and FINRA BrokerCheck.
What Clients Does Alec Engman Specialize In?
Alec works with executives nearing retirement, professionals seeking financial clarity, business owners planning for transitions, and individuals pursuing long-term financial independence. His focus areas include retirement strategy development, tax optimization planning, financial independence planning, and business owner exit planning, primarily serving clients in the Twin Cities metro area and across Minnesota.
How Does Alec Engman Approach Client Relationships?
Alec follows the firm's boutique model: clients work directly with their advisor, not junior staff. Every engagement begins with a comprehensive discovery process before any recommendations are made. Plans are custom-built for each client, not adapted from templates. Ongoing quarterly reviews adapt the strategy as life and goals evolve. The approach is education-focused, keeping clients informed about the decisions shaping their financial future. Learn more about the firm's fiduciary commitment in our guide on whether a fiduciary is better than a financial advisor.
Where Is Alec Engman Located?
Alec is based at New Horizons Boutique Financial Services, located at 8647 Eagle Point Blvd., Suite #1, Lake Elmo, Minnesota. The firm serves clients across the Twin Cities metro area and throughout Minnesota, including Lake Elmo, Woodbury, Afton, Bayport, Arden Hills, Apple Valley, Anoka, Andover, Albertville, Belle Plaine, Austin, and Alexandria. He can be reached at (763) 401-1035 or info@newhorizonsbfs.com.
Get Started
Schedule a Conversation With Alec
Whether you are nearing retirement, navigating a business transition, or seeking clarity on your financial future, the first conversation is complimentary and carries no obligation.
Or call (763) 401-1035 to speak with our team directly.
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