Our Team

Our Team

Who We Are

 

Please click on each image below to learn more about a member of our team.

 

Mike Ovshak, CFP®

President, Owner

With more than 30 years of wealth management experience, Mike is able to create personalized solutions that positively and significantly affect each of his clients' financial situations. He and his team build long-term relationships based on trust, knowledge, industry experience, and the drive to do what's best for each client given his or her unique financial condition. He works step by step with clients to determine wealth management goals; then he develops a tailor-made plan that is flexible to change with his clients' unique financial situations.

Mike is a CERTIFIED FINANCIAL PLANNER™ professional; holds the FINRA Series 7, 63, and 65 securities registrations through Commonwealth Financial Network®; and earned a BS from the University of Minnesota. He is a member of various professional associations, as well as a recipient of various awards and recognitions, including being recognized every year as a Chairman's level advisor with Commonwealth since 2002, making the Financial Times 400 Top Advisors list (2013)*, earning a Five Star Wealth Manager award from Mpls. St. Paul Magazine twelve times since the award's inception in 2008**, being named to Forbes' Best-in-State Wealth Advisors List (2018, 2019, 2020, and 2021)*** and is a national and local member of the Financial Planning Association (FPA) since 1990.

Mike -Informal pic
 

 

Mike's personal interests include spending time with his wife and sons, playing tennis, skiing, fitness training, biking, golfing, hiking, and reading financial publications. He also has enjoyed coaching his kids throughout the years in each of their organized sports, including hockey, baseball, and football.

Contact Mike regarding your wealth management strategies.

 

* FT 400: To compile the 2013 list, the Financial Times evaluated nominees on six primary areas and calculated a numeric score for each advisor. The areas of consideration were assets under management (AUM), asset growth, compliance record, experience, credentials, and accessibility. Approximately 960 qualified applications were received; 400 advisors were selected, representing 41.6 percent of applicants. Not indicative of advisor's future performance. Your experience may vary. For the full methodology, please visit ft.com.

**Based on 10 objective eligibility and evaluation criteria, including a minimum of 5 years as an active credentialed financial professional, favorable regulatory and complaint history, accepts new clients, client retention rates, client assets administered, education, and professional designations. 4,004 Twin Cities wealth managers were considered for the award; 630 (16% percent of candidates) were named 2021 Five Star Wealth Managers. (The criteria provided reflects the most recent year for which advisor received the award. The criteria used, the number of wealth managers considered for the award, and the percentage of those who receive the award, may vary from year to year). These awards are not indicative of the wealth managers’ future performance. Your experiences may vary. For more information, please visit www.fivestarprofessional.com.

*** The 2021 ranking of the Forbes’ Best–in–State Wealth Advisors1 list was developed by SHOOK Research and is based on in–person and telephone due–diligence meetings to evaluate each advisor qualitatively and on a ranking algorithm that includes client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria (including assets under management and revenue generated for their firms). Overall, approximately 32,725 advisors were considered, and 5,000 (approximately 15.3 percent of candidates) were recognized. The full methodology2 that Forbes developed in partnership with SHOOK Research is available at www.forbes.com.  This recognition and the due–diligence process conducted are not indicative of the advisor's future performance. Your experience may vary. Winners are organized and ranked by state. Some states may have more advisors than others. You are encouraged to conduct your own research to determine if the advisor is right for you.  Portfolio performance is not a criterion due to varying client objectives and lack of audited data. SHOOK does not receive a fee in exchange for rankings. 

Nancy Ovshak

Vice President, Owner

Nancy is passionate about making complex things simple. This interest led her to the role of managing the operations side of the firm. She enjoys working with our entire team to ensure our processes are designed effectively to help us provide the best level of service to our clients. She is also involved with the accounting, marketing and compliance areas of the firm.

Nancy -Informal Bio Pic - National Park orig cropped
 
 

When not at the office, she enjoys hiking, reading, and traveling. Her goal is to visit 20 National Parks in the next 20 years. She especially enjoys sharing these activities with her husband, Mike, and their three sons.

Nancy earned her bachelor’s degree from the University of Minnesota – Carlson School of Management. She also holds her FINRA Series 7, 63, and 65 securities registrations through Commonwealth Financial Network.

Nick Ovshak, CRPC®

Wealth Advisor

Nick is passionate about helping clients gain financial knowledge and achieve their wealth management goals. He approaches each client’s needs from where they are at in their personal financial situation and provides the assistance needed to help them pursue their goals. This may include developing personalized plans to identify financial goals, managing portfolios to work towards reaching those goals, designing a tax efficient income stream during retirement, or building a budget to help clients stay on track.  

Nick has gained a wealth of knowledge through his past experiences and education. He graduated from Texas Christian University with a BA in Economics. Prior to joining FPS, he worked for Fidelity Investments. While at Fidelity, Nick was responsible for finding solutions for the most challenging, escalated situations. His professional education and credentials include holding his FINRA Series 7, 66, 9 and 10 licenses and the Chartered Retirement Planner Consultant (CRPC) designation.  

Nick - Informal cropped pic
 

 

In his spare time, Nick enjoys working out, discovering new places to eat (which leads to more working out), following the financial markets, and traveling both domestically and internationally. Some of his more unique travels have brought him to Machu Pichu in Peru, the tiny Azores Islands in the middle of the Atlantic Ocean, urban and rural areas of SE Asia, studying abroad in London, and a family favorite, Steamboat Springs, CO.  Nick’s personal goals for the future include getting a dog. 

 

 

Feel free to contact Nick with any questions you have pertaining to your wealth management goals and strategies.

Judy Roach

Senior Registered Service Representative

Judy has more than 30 years of experience in the financial industry and joined the FPS team in 1992.
 
Judy holds the FINRA Series 7 and 63 securities registrations through Commonwealth Financial Network®. With her knowledge and experience, she is an excellent resource for answering all of our clients' service-related questions, as well as dealing with tax-related issues and inquiries. She works closely with Mike regarding implementation of our clients' wealth management plans and is the main resource for transitioning new clients. She is an integral part of helping to ensure that each of our clients has the best possible experience with FPS.
Judy - Informal Bio Pic - Judy and Steve at table - cropped
 

 

More than anything, Judy enjoys spending time with her growing family, including her seven grandchildren. Her other interests include cooking, exercising, gardening, and reading. She also enjoys getting away to the family cabin.

 

 
Contact Judy anytime you have a service-related request or need to obtain tax-related information. If you need something, Judy can help!

Beth Thibodeau

Senior Registered Service Representative

Beth has more than 25 years of experience in the financial industry and joined the FPS team in 2004.

Beth holds the FINRA Series 7 and 63 securities registrations through Commonwealth Financial Network® and received her bachelor's degree from the University of St. Thomas. With her knowledge and experience, she is an excellent point of contact for clients with inquiries about their financial transactions. She plays a key role in ensuring our clients' transactions are processed efficiently and accurately.

Beth - Informal Bio Pic - Fire - Smaller
 

 

Beth's spare time is usually spent with her husband, four children, and her three grandchildren! She is also an on-call firefighter.

Contact Beth if you have any transaction-related questions. Beth works Mondays, Tuesdays, Wednesdays and Thursdays.

Babs Brown

Executive Assistant

Babs has more than 22 years of experience in the financial industry since joining the FPS team in 1998.

Babs has many different roles within FPS. She plays a key role on the administrative side of meeting preparation and post-meeting workflow, maintains and updates client records, works closely with Mike regarding internal office workflow, and is one of the friendly voices you hear when you call into FPS. She is an invaluable asset to our team and our clients by providing comprehensive support and unswerving dedication.

Babs -Informal Bio Pic - Nature - Smaller
 

 

In her spare time, Babs enjoys biking, gardening, or spending some quiet time reading a good book. She spends as much time as possible with family and friends, taking special pleasure in the company of her granddaughter.

Contact Babs if there's been a change in your personal, family, or employment status.