Personal

Lake Elmo Financial

Planning doesn’t have to be difficult. Our team will help you develop strategies to help meet your goals – for your future and the future of those most important to you. Our recommendations are based on what’s best for you and your long-term needs.

Financial Planning

Lake Elmo Financial allows you to take care of your financial needs in one convenient location. Whether you are looking to help reduce taxes, potentially increase income or start building a retirement portfolio, at Lake Elmo Financial, you will find the products and services you expect from a full-service brokerage firm, along with the service you count on from people you know and trust.

Retirement Income Planning • 401(k) Rollover Planning • IRAs • Asset Allocation Advice • 529 College Savings Plans • Mutual Funds, Stocks and Bonds • Life Insurance and Long-Term Care

Contact Us

For more information, contact a staff member in our investment department:

Stephen Madsen, CFP®,AIF®


Stephen Madsen
*Financial Advisor
651.773.4758
madsens@ceteranetworks.com
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Adam Laberda, CFP®, CRPC®


Adam Laberda
*Financial Advisor
651.773.4758
laberdaa@ceteranetworks.com
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Gail Nelson, Office Manager


Gail Nelson
Office Manager
651.748.2285
nelsong@ceteranetworks.
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IMPORTANT:  The personal email addresses provided for staff on this page are not a secure form of communication. Please do not include any personal information (i.e. Social Security Number, account number, date of birth etc.)  For your security, please contact the Bank directly at 651.777.8365 or stop by one of our locations with questions about your existing account.

Links and Disclosures

*Securities and advisory services offered through Cetera Advisor Networks LLC, member FINRA/SIPC, a Broker-Dealer and a Registered Investment.  Investments are: Not FDIC/NCUSIF Insured • May lose value • Not financial institution guaranteed • Not a deposit • Not insured by any federal government agency. Cetera is under separate ownership from any other named entity.

All investing involves risk, including the possible loss of principal.  There is not assurance that any investment strategy will be successful.  Asset allocation is an investment strategy that will not guarantee a profit or protect you from loss.  For a comprehensive review of your personal situation, always consult with a tax or legal advisor. Neither Cetera Advisor Networks LLC nor any of its representatives may give legal or tax advice. 


This site is published for residents of the United States only. Registered Representatives of Cetera Advisor Networks LLC may only conduct business with residents of the states and/or jurisdictions in which they are properly registered. Not all of the products and services referenced on this site may be available in every state and through every representative listed. For additional information please contact the representative(s) listed on the site, visit the Cetera Advisor Networks LLC site at ceteraadvisornetworks.com.


Individuals affiliated with this broker/dealer firm are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.

Located at : Lake Elmo Bank • 11465 39th Street North • Post Office Box 857 • Lake Elmo MN 55042 • 651.773.4758

COVID-19: Effective November 23, 2020 - Lake Elmo Bank will be closing all bank lobbies to an appointment-only basis. We continue to be here to meet all of your banking and financial needs. Click here for more information