Hance Financial, LLC

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Hance Financial, LLC

We help families optimize their resources to become financially independent. Cambridge and Hance Financial, LLC are not affiliated.

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer member FINRA/SIPC. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Content provided via links to third party sites should not be considered an endorsement of content, which we cannot verify completeness or accuracy of. We make no representation as to the completeness or accuracy of information provided at these websites.

07/04/2026

The 4th of July I remember most was 1976. The bicentennial. I was eleven years old.

We had a cabin up Cross Lake in Pine City, Minnesota. It's called Cross Lake because the Snake River ran through it. The river was used to transport timber, and as a result, there were submerged logs sticking up from the bottom of the lake, some 50 feet long. Once in a while, someone with a big boat motor would try to pull one of the logs out — but to no avail — it was not coming out.

Our cabin was rustic and had no running water — we would walk to the neighbors to fill up 5-gallon jugs and carry them back! The interior walls of the cabin were insulated but had no sheetrock. It had an outhouse — that's rustic! But it sat right on the lake, and that was all that mattered. Because it was a great lake for swimming and waterskiing.

Our friends the Karls lived across the water. And my dad, mom, brother, sister, and I would put on our life jackets and cruise across the lake to their cabin. Raleigh Karls was a rough-and-tough guy — big into fishing and hunting — and he had a saying: the 4th of July was Kids' Day. We would spend all day fishing, water skiing, and lighting off fireworks. Nobody told us to stop. Nobody told us to hurry. The whole day was ours.

Then, at night, we would pile back into the boat and head home. I remember the water being like glass. Perfectly still. The boat wide open, cutting across a lake so smooth it felt like you could see every star reflected in it. My brother and sister might have been dozing off before we got to the other side. No worry about anything. Just that feeling of everything being calm and right.

That is what freedom feels like. Not loud. Not complicated. Smooth. Still. Knowing you are exactly where you are supposed to be.

That is also what I want for the people I work with. Financial independence is not a number on a statement. It is that feeling — like glass — where everything is clear and steady, and you are not worried about what comes next. You just know you are ready.

Happy 4th of July.

07/03/2026

Next question: what standard of care does your advisor follow, and will they put it in writing?

You may have heard the word fiduciary. A fiduciary is generally held to a higher standard and is expected to put the client's interest first and disclose conflicts of interest. Depending on the services involved and how an advisor is compensated, a financial professional may act under that standard in some situations and under different regulatory standards in others. That is common across the industry, and the point is not to judge it — it is to understand it.

So ask directly: when are you acting as a fiduciary, and will you disclose your standard of care and conflicts in writing? At Hance Financial, we are glad to have that conversation, and to put it on paper.

If you are 5 to 10 years from retirement, our free Pre-Retiree Readiness Checklist walks through the questions to ask yourself alongside the ones to ask an advisor.

07/02/2026

First in the series: how is your advisor compensated?

This matters because how someone is paid shapes the advice you get. There are a few common structures in this industry — advisors may be paid a fee by the client, may earn commissions on certain products, may use a bundled or wrap fee, or some combination. None is automatically right or wrong; what matters is that you understand it.

The SEC makes a useful point: even if you do not write a check directly, your advisor is still getting paid. So ask plainly, and ask for it in writing.

At Hance Financial, compensation varies depending on the services and products involved, and we disclose how we are paid on every recommendation. That is the part that should never be a mystery.

06/30/2026

Florida is not just "another state" for estate planning. Homestead, asset protection, the way creditors are treated — there's a real list of things that need to be re-checked. If you've moved to Sarasota or are about to, this post is for you.

06/23/2026

Choosing a retirement income planner is one of the more consequential financial decisions a pre-retiree makes — and most people are never told what to evaluate.

Based on the suggested questions for investors, here is a straightforward framework for an initial meeting:
1. What experience do you have with people in my circumstances?
2. How are you compensated?
3. What is the full scope of services you provide?
4. What are your conflicts of interest, and how are they disclosed?
5. Who is the custodian of my assets?

A series over the next two weeks will walk through each one — what to ask, and what a clear answer sounds like.

06/21/2026

The impact a father leaves does not stay in childhood. It follows you everywhere.

Happy Father's Day to those who protect us, guide us, and provide for us.

To the mentors. The supporters. The teachers.

A father plays a very special role in the life of a child — one that does not disappear when childhood ends. The lessons, the steadiness, the example of how to show up in the world. It follows a child into adulthood and lasts well beyond a lifetime.

To all the fathers — by blood and by choice — thank you. Thank you for the contribution you make, the constant support you show, and the role you play in shaping the people around you into who they are and who they are still becoming.

Happy Father's Day from everyone at Hance Financial.

06/17/2026

Friends and neighbors — a note for anyone choosing a financial advisor, or wondering whether the one they have is still the right fit.

Choosing who helps with your retirement income is a big decision, and most people are never told what to actually ask. Over the next couple of weeks, I am going to walk through the questions that matter, the same ones the SEC and the CFP Board suggest you bring to a first meeting:

1. What experience do you have with people in my situation?
2. How are you compensated?
3. What is the full scope of what you do?
4. What are your conflicts of interest, and how do you handle them?
5. Who holds my money?

No question here is a gotcha. A good advisor welcomes every one of them.

06/15/2026

No one builds something worth keeping without the right people around them.

I talk a lot about retirement planning, investment strategy, and helping families build the financial life they want. What I do not talk about enough is the team that makes all of that possible.

I am grateful for mine every single day. MyXee Yang Safeer is our Client Service Manager. She is the person who makes sure your questions get answered, your accounts are in order, and your appointments happen without friction. She is precise, responsive, and genuinely cares about the people she serves.

Evan Caye is our Client Relationship Manager. He ensures clear communication between you and our office, proper coordination of your financial strategy, and that nothing falls through the cracks. He is the connective tissue that keeps everything running smoothly.

No one succeeds without the people around them. I would not be where I am without this team, and our clients would not have the experience they deserve without them either.

If you have not had the chance to meet MyXee or Evan, I hope you get the chance. They are what makes Hance Financial more than just a financial advisory firm.

Reach any of us directly at https://bit.ly/4aMFAoi.

06/12/2026

I talk a lot about financial planning for retirement. But today I want to talk about something that is arguably just as important.

Leaving your legacy.

When most people hear that phrase, they think estate planning — the legal documents, the asset transfers, the beneficiary designations. All of that matters. But legacy is so much bigger than a balance sheet.

Picture it as a gift you are quietly assembling over the course of your life. Not a gift of money, though that can be part of it. A gift of who you are.
The love you showed up with.

The lessons you learned the hard way and passed on anyway.

The memories you made — the ones your family will still be telling stories about decades from now.

The values you held, not just in words, but in how you actually lived.

Your legacy is the gentle touch you leave on the people in your life, your community, and the world around you. It is the ripple that keeps moving after you are gone. It is your career, your relationships, the kindness you extended to strangers, the way you made people feel when they were around you.

Financial planning protects what you have built. Legacy planning is about what you want that to mean.

If you are ready to think about the legacy you want to leave, I would be glad to have that conversation.

06/11/2026

The vehicles that carry your family's best memories don't automatically go where you think they will.

Some of the best family memories happen outdoors — and the boats, ATVs, snowmobiles, RVs, and dirt bikes that made those memories possible are usually sitting in a garage or driveway somewhere, with a title attached.

Most families think of estate planning as accounts, property, and documents. The titled vehicles tend to get overlooked until they need to be addressed — and by then, the process can become complicated.

Anything with a title requires a signature to transfer ownership. If that transfer happens after you have passed away, it may go through probate — even if everyone in the family agrees on who gets what.

A few things worth talking through with your family now:

Who is getting each vehicle, and does everyone agree? Not assumed — actually discussed.

Should any of the vehicles be placed in a trust? Putting titled vehicles in a trust can sidestep the probate process entirely, depending on how your estate is structured.

Is the timing of the transfer important? In some cases, gifting a vehicle during your lifetime rather than passing it through your estate has different tax implications.

These are not complicated conversations. But they are easy to skip — because the boat is running fine and the paperwork feels like a problem for another day.

It is not a problem for another day.

Address

3600 American Boulevard W Suite 120
Bloomington, MN
55431

Telephone

+19524456482

Website

http://www.hancefinancial.net/

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