FIDUCIARY FINANCIAL ADVISOR — LAKE ELMO, MN
Lars Engman, MBA — Financial Advisor at New Horizons BFS
Lars Engman is a fiduciary financial advisor and MBA serving executives, professionals, and business owners across the Twin Cities metro. His practice at New Horizons Boutique Financial Services is built on a single principle: develop a clear strategy before making any recommendation.
CONTACT LARS DIRECTLY
New Horizons Boutique Financial Services
Lake Elmo, MN 55042
PROFESSIONAL BACKGROUND
About Lars Engman
Lars Engman is a financial advisor in Lake Elmo and co-founder of New Horizons Boutique Financial Services, based in Lake Elmo, Minnesota. He holds a Master of Business Administration (MBA) and a B.S. in Economics from the University of Minnesota, and carries a comprehensive suite of FINRA licenses: Series 7, Series 63, Series 65, and Series 66, along with Life and Health Insurance licensing.
Lars specializes in retirement strategy development, executive financial planning, wealth management, and tax optimization for professionals across the Twin Cities metro. His clients include executives nearing retirement, high-income professionals navigating complex financial decisions, and business owners preparing for liquidity events. Each engagement is built around a fully individualized strategy, not a standard product template.
New Horizons is designed as a boutique practice by intention: Lars and the team deliberately limit the total number of client relationships they hold so every client receives direct advisor access, ongoing attention, and a strategy that adapts as life changes. Clients do not interact with junior staff or call centers. They work directly with their advisor.
CREDENTIALS AT A GLANCE
Education
- Master of Business Administration (MBA)
- B.S. Economics — University of Minnesota
FINRA Licenses
- Series 7 — General Securities Representative
- Series 63 — Uniform Securities Agent State Law
- Series 65 — Investment Adviser Representative
- Series 66 — Uniform Combined State Law
Insurance Licensing
- Life and Health Insurance Licensed — Minnesota
Firm
- New Horizons Boutique Financial Services
- Lake Elmo, MN (Twin Cities Metro)
AREAS OF SPECIALIZATION
What Lars Helps Clients Navigate
Lars advises clients across five interconnected service areas, each grounded in a comprehensive strategy developed before any product or investment recommendation is made.
Retirement Strategy Development
Strategic planning for professionals transitioning from career to financial independence. Includes coordination of retirement account strategies, Social Security timing analysis, and income distribution planning designed around each client's specific goals and timeline. Results vary based on individual circumstances.
Executive Financial Planning
Comprehensive planning for executives with complex compensation structures, including deferred compensation coordination, equity plan timing, and integration of employer benefit programs with personal financial strategy. Every situation involves unique trade-offs that a cohesive strategy aims to address.
Wealth Management
Ongoing portfolio oversight and financial coordination for professionals who want a long-term advisory relationship rather than a transactional one. Wealth management at New Horizons is built around quarterly reviews and strategy adjustments as goals and market conditions evolve. Investment results are not guaranteed.
Tax Optimization Planning
Coordinated tax planning integrated with investment and retirement strategy. Lars works with clients on account type selection, withdrawal sequencing, and timing strategies designed to help reduce unnecessary tax exposure. Tax outcomes depend on individual circumstances and applicable law. Learn more about tax planning strategies for high-income individuals.
Business Owner Exit Planning
Strategic planning for business owners preparing for liquidity events or ownership transitions. Planning may include timing considerations, tax implications of sale structures, and wealth preservation strategies. Each situation involves unique complexities that require individualized analysis. Learn more about exit planning for business owners in Minnesota.
Financial Independence Planning
Analysis of whether current assets, income streams, and projected expenses support the ability to stop working on the client's terms. This planning process is designed to answer a fundamental question with clarity rather than guesswork. Explore what goes into a financial independence plan.
ADVISORY PHILOSOPHY
Strategy Before Products
Lars operates on a foundational principle that shapes every client engagement: no product or investment is recommended until a complete, integrated financial strategy has been developed. This philosophy exists because financial decisions made in isolation, without understanding how they interact with taxes, income, insurance, and estate planning, often produce suboptimal or conflicting outcomes.
The strategy-first process begins with a comprehensive review of a client's full financial picture: existing assets and accounts, income sources, projected expenses, tax situation, insurance coverage, and estate documents. From that foundation, Lars develops a plan that coordinates all of these elements before any specific recommendations are introduced. The goal is alignment, not activity.
This approach connects directly to the boutique model at New Horizons. Developing a genuine, individualized strategy requires time and deep familiarity with each client's situation. That level of attention is only possible when the total number of client relationships is deliberately managed. Read more about working with a financial advisor for professionals seeking clarity.
Comprehensive Discovery
Full review of current financial position: assets, liabilities, income, tax situation, insurance, and estate documents. This discovery phase is what makes individualized strategy possible.
Integrated Strategy Development
Construction of a coordinated plan covering retirement income, tax planning, investment positioning, insurance coverage, and estate considerations — all aligned before any specific product or account recommendation is made.
Implementation and Ongoing Partnership
Quarterly reviews and strategy updates ensure the plan remains current as goals, tax laws, and life circumstances evolve. The ongoing advisory relationship is built into the model, not offered as an add-on.
Education and Transparency
Clients are kept fully informed about the strategies shaping their financial future. Lars aims to ensure every client understands the reasoning behind each decision, not just the output.
CLIENT FOCUS
Who Lars Works With
Lars advises a focused group of clients who share a common profile: they have built financial success over their careers, and they now face complex, high-stakes decisions about what comes next. Whether that is transitioning out of an executive role, selling a business, or simply wanting to know if they are on track, these clients benefit from a deliberate, strategy-first process rather than reactive product recommendations.
Because New Horizons is intentionally boutique, Lars maintains a limited client roster. This is not a limitation but a design choice. It is what makes the depth of service possible.
Schedule a Consultation with LarsExecutives Nearing Retirement
Professionals planning a confident transition from corporate career to financial independence. Planning often involves coordination of deferred compensation, equity grants, retirement accounts, and Social Security timing to optimize after-tax income. Learn more about working with a financial advisor for executives nearing retirement.
Professionals Seeking Financial Clarity
High-income individuals who have accumulated assets but lack a cohesive strategy connecting all of the moving parts. Lars builds integrated plans that address investments, taxes, income, and estate planning in a coordinated framework.
Business Owners Preparing to Exit
Entrepreneurs and owners in Minnesota planning a business sale or ownership transition. Strategic planning may address timing, deal structure tax implications, and the transition to personal financial independence after the business.
Individuals Pursuing Financial Independence
People who want a long-term strategy designed to create flexibility and security on their own terms. Financial independence planning answers whether current assets and income streams can support desired lifestyle without continued employment.
CONTENT AUTHORED BY LARS ENGMAN
Financial Planning Resources
The following pages are authored and reviewed by Lars Engman, MBA. Each reflects his strategy-first approach to financial planning for professionals and executives in Minnesota.
A Financial Advisor for Professionals Seeking Clarity
How New Horizons builds financial clarity for high-income professionals who have accumulated wealth without a cohesive strategy.
Read Article
Tax Planning Strategies for High-Income Individuals
A guide to coordinated tax strategies designed to help reduce unnecessary tax exposure for high earners in Minnesota and beyond.
Read Article
Financial Independence Planning: A Strategy Guide
What goes into a financial independence plan, how to assess readiness, and why strategy matters more than any single financial product.
Read Article
Retirement Planning in Minnesota: What Professionals Need to Know
Minnesota-specific retirement planning considerations including state tax treatment of retirement income and distribution sequencing strategies.
Read Article
Fiduciary Financial Advisor in Minnesota
What the fiduciary standard means, how it differs from the suitability standard, and what to look for when choosing a financial advisor in Minnesota.
Read Article
Minnesota State Taxes on Retirement Income
How Minnesota taxes 401(k) withdrawals, pension income, Social Security benefits, and IRA distributions — and how planning strategy may help reduce exposure.
Read Article
VIDEO RESOURCES BY LARS ENGMAN
Watch: Things That Quietly Break Retirement Plans
Lars shares short-form videos on the overlooked decisions and blind spots that can quietly undermine a retirement plan — even for professionals who have done most things right. Subscribe to the New Horizons YouTube channel for new content.
What Quietly Breaks Retirement Plans
Short-form video from Lars Engman, MBA
Watch on YouTube
Hidden Retirement Planning Mistakes
Short-form video from Lars Engman, MBA
Watch on YouTube
Overlooked Factors That Derail Retirement
Short-form video from Lars Engman, MBA
Watch on YouTube
COMMON QUESTIONS
Frequently Asked Questions about Lars Engman and New Horizons BFS
What credentials does Lars Engman hold?
Lars Engman holds a Master of Business Administration (MBA) and a B.S. in Economics from the University of Minnesota. He carries FINRA Series 7, Series 63, Series 65, and Series 66 licenses, along with Life and Health Insurance licensing in Minnesota. These credentials authorize him to provide investment advisory services, securities brokerage, and insurance-related planning as a registered financial advisor.
What types of clients does Lars Engman work with?
Lars works primarily with executives nearing retirement, high-income professionals seeking a cohesive financial strategy, business owners preparing for liquidity events, and individuals pursuing long-term financial independence. His clients are located across the Twin Cities metro, including Lake Elmo, Stillwater, Woodbury, Arden Hills, St. Paul, Cottage Grove, and surrounding Minnesota communities.
How does Lars Engman approach financial planning?
Lars follows a strategy-before-products philosophy. Every client engagement begins with a comprehensive financial analysis covering investments, taxes, income, cash flow, insurance, and estate planning. Only after a complete, integrated strategy has been developed does the conversation turn to specific recommendations. This process is designed to ensure that every financial decision serves the client's long-term goals rather than fitting a product template.
Is Lars Engman a fiduciary?
Lars holds FINRA Series 65 and Series 66 licenses, which are required for investment adviser representatives who provide investment advice for compensation under the fiduciary standard. For specific details about Lars's registration status and fiduciary obligations, please refer to New Horizons BFS's Form ADV, available upon request or through the SEC's Investment Adviser Public Disclosure database. Learn more about the fiduciary standard for financial advisors in Minnesota.
Where is Lars Engman located and who does he serve?
Lars is based at New Horizons Boutique Financial Services, located at 8647 Eagle Point Blvd Suite #1, Lake Elmo, MN 55042. The firm serves clients across the Twin Cities metro area, including Stillwater, Woodbury, St. Paul, Arden Hills, Apple Valley, Cottage Grove, Hastings, Andover, and communities throughout greater Minnesota. You can reach Lars directly at lars@newhorizonsbfs.com or by calling (763) 401-1035.
What makes New Horizons different from larger financial planning firms?
New Horizons is a boutique firm by design. The team intentionally limits the number of clients it serves so every relationship receives direct advisor attention rather than being delegated to junior staff or handled through automated systems. Each financial plan is fully individualized with no standard templates. Clients receive quarterly reviews and work directly with Lars throughout the relationship.
NEXT STEP
Schedule a Conversation with Lars Engman
A first conversation is complimentary and low-pressure. It is designed to help you understand whether a strategy-first approach to financial planning is the right fit for your situation. No commitment is required.
New Horizons Boutique Financial Services — 8647 Eagle Point Blvd Suite #1, Lake Elmo, MN 55042 — (763) 401-1035