Advisors & Staff

Michael Traxler of Michael Traxler Wealth Management, smiles invitingly.Our Advisor

Michael Traxler grew up in Le Center, MN where he helped with the family farm. He earned his undergraduate degree from the University of Minnesota-Duluth in Economics. He went on to earn an MBA from the University of Minnesota at the Carlson School of Management. His MBA concentration is Business Finance.

Upon graduating, Mike worked as a Senior Financial Analyst for Donaldson Company, Inc., a global filtration manufacturer. After this, he pivoted his career more toward financial analysis, investing, stocks, bonds and financial planning. 

In August 2000, he joined Edward Jones and established a very successful office in New Prague, MN. In 2005, he launched Michael Traxler Wealth Management, LLC (MTWM) and joined an independent financial services company where he provided financial planning and investment advice. Then in 2017, he registered his company with the State of Minnesota as a Registered Investment Advisor and is now a 100% fee-based financial planning and invesment management company.

Mike has worked with hundreds of investors and their families and has refined a unique set of financial skills. He has developed a distinct method of fee-only, low-cost diversified investment management, financial planning, and client service that he uses successfully to this day.  

Mike is married to his wife Colleen of 24 years and they live near New Prague, MN with their 3 children. Colleen is employed as a teacher for the New Prague School District. They are active in their Christian faith and have been members of the New Prague Area Catholic Community since 1996.


Ernie Pepel sitting at his paper filled desk at Michael Traxler Wealth Management.Associate Financial Advisor & IT

Ernie Pepel grew up in Lonsdale, MN and enjoyed spending time helping his dad work on cars and riding around on just about anything motorized. He graduated from New Prague High School and went on to study and complete a training program in IT networking and PC repair at Sanford-Brown College in Mendota Heights.

Ernie couldn’t resist his affection for cars and started a career as an automotive technician. While working as an automotive tech for 20 years, he developed a passion for stocks and investing as he started building retirement and education plans for his family. His interest in investing, along with an affinity for helping people, ultimately lead him to a career in financial advice. He received a certification for Financial Educational Instructor from the National Financial Educators Council in 2019. After a time as a client of Mike’s and then also working part time for him in 2019, he passed his series 65 exam in March of 2020 and became a licensed Investment Advisor Representative for Michael Traxler Wealth Management, LLC.

Ernie is now a full-time associate advisor in conjunction with Mike Traxler and he also supports the IT efforts at Michael Traxler Wealth Management. Ernie and his wife, Sara, have lived in New Prague for the last 15 years. In 2015, they were blessed with the birth of their twins Ethan and Reagan who keep them very busy. Sara works as a nurse at the Mayo hospital in New Prague. They have been active members of the Most Holy Trinity Catholic Church in Veseli since 2007.


Laurie Korbel smiles big for the camera at Michael Traxler Wealth Management.Office Administrator

Laurie Korbel is the Office Administrator here. She also assists with compliance and client support.

She has a long history in office management and business. After finishing the Sales Marketing and Management program at Faribault Vocational School, she went on to serve in several business support roles. This includes 16 years with US Steel Products in Montgomery supporting bookkeeping, inventory management, ISO, and on-time shipping.

She joined Michael Traxler Wealth Management, LLC in April 2019 and we are lucky to have her. Laurie is married and enjoys living and working in New Prague.


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