Business Details
Your Trusted Financial Partner in Chaska, MN
7th Street Financial is a fee-only fiduciary planning firm dedicated to providing accessible financial advice to individuals across income levels. Founded by Jeff Burke, CFP, the firm specializes in serving pre-retirees, tech workers, and families navigating college planning. With a focus on transparency and personalized service, we offer retirement planning, investment management, and college affordability strategies tailored to clients' unique goals. Our fee structures prioritize affordability, with no minimum asset requirements, ensuring financial planning remains accessible regardless of portfolio size.As fiduciaries, we maintain strict independence by avoiding product sales or commissions, prioritizing client interests in every recommendation. Our commitment to education empowers clients to make informed decisions about their financial futures through clear explanations of strategies and associated costs. By maintaining a limited client base, we ensure dedicated attention to each relationship, fostering long-term partnerships built on trust and shared objectives.
Services
Financial Planning
College Planning
Investment Management
Retirement Planning
Tax Planning
Highlights and features
- Specializing in IT workers, entrepreneurs, and families with college-bound children
- Transparent fee structures tailored to individual needs
- Commitment to low-cost investment options below 0.50% fees
- Emphasis on client education and informed decision-making
- Personalized attention with a limited client base of 50 full-service clients
Associations and certifications
- Certified Financial Planner Board of Standards
Services
Comprehensive Financial Planning
Our full-service financial planning covers retirement strategies, college affordability, insurance analysis, tax optimization, and investment management. We create customized roadmaps aligned with clients' life goals and risk tolerance. The process includes ongoing monitoring and adjustments to ensure evolving needs are met effectively.
College Planning
This specialized service helps families identify financially appropriate colleges through EFC analysis, merit aid assessment, and loan impact projections. We guide clients through financial aid applications and develop payment strategies to minimize student debt burdens during the college selection process.
Investment Management
We construct diversified investment portfolios using low-cost ETFs and mutual funds under 0.50% expense ratios. Our approach focuses on asset allocation tailored to risk profiles while maintaining tax-efficient strategies and regular performance reviews to ensure alignment with long-term objectives.
Retirement Planning
This service evaluates retirement readiness through cash flow analysis, Social Security optimization, and withdrawal strategy development. We help clients determine sustainable income streams while addressing tax implications and healthcare cost planning for post-career life stages.
Tax Planning
Our tax planning integrates with overall financial strategies to minimize liabilities through retirement account contributions, tax-loss harvesting, and entity structuring for entrepreneurs. We coordinate with accountants to implement legal tax reduction methods aligned with clients' specific circumstances.
People
Jeff Burke
CEO, Investment Advisor Representative
Certified Financial Planner with 20+ years experience in personal finance. Former IT consultant turned entrepreneur, specializing in tech workers' financial needs. Active community educator in college financing and investment basics. Holds FINRA Series 65 license.
Questions
What services does 7th Street Financial offer?
We provide comprehensive financial planning, college affordability strategies, investment management, retirement planning, and tax optimization services tailored to individual client needs.
How are your fees structured?
We offer tiered pricing including monthly retainers ($100-$250), annual reviews ($1,500), and hourly consultations ($200). No asset minimums or product commissions apply to our fee-only model.
Do you work with clients outside Minnesota?
Yes, we serve clients nationwide through virtual meetings via secure digital platforms while maintaining our Chaska, MN headquarters.
What makes you different from other financial advisors?
We combine fiduciary responsibility with specialized expertise in tech compensation, college planning, and small business owner needs while maintaining a 50-client maximum for personalized service.
How do you approach college cost planning?
We analyze expected family contributions, project financial aid eligibility, and develop loan mitigation strategies to help families make informed college decisions without unexpected debt burdens.
Videos
Reviews (4)
Elizabeth Dayton
Jan 23, 2022
Report
7th Street Financial provided a valuable service for our family as our son prepares for college. Jeff shared multiple reports on a variety of colleges to help guide our family in terms of financial possibilities for each college. He researches scholarships and shares reports about potential financial aid per college. His work is very informative and helpful!
Reshma Kolhapure
Jan 17, 2021
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Positive:Professionalism,Quality,Responsiveness,Value
Jeff Burke - is great is understanding your needs and providing the plan that is right for you. Thank you Jeff for all your help.
Jeff Burke - is great is understanding your needs and providing the plan that is right for you. Thank you Jeff for all your help.
Maria Balintona
Jul 11, 2020
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Positive:Professionalism,Quality,Responsiveness
Top notch financial planning with customer focused care. Jeff provides detailed strategic planning, optimization of options, and goes above and beyond for his clients.
Top notch financial planning with customer focused care. Jeff provides detailed strategic planning, optimization of options, and goes above and beyond for his clients.
Joanne Olson
Jul 01, 2020
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My husband and I each had separate financial advisors before becoming a joint client of Jeff's at 7th Street Financial. To begin our engagement, he did a thorough review of our current financial situation and goals in our approaching retirement years. His philosophy as a financial advisor is to help people at any asset level. I never feel like I am asking a dumb question. For the first time I feel like someone truly cares about us and gives the guidance needed in making major financial decisions. Jeff provides regular reviews and contacts us if he thinks we need to evaluate our situation. As his
