Strategic Wealth Group Registered Investment Advisor, LLC is a large advisory firm based in Minnetonka. It manages $570.96 million of regulatory assets for 2,575 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 17 other states.
Strategic Wealth Group Registered Investment Advisor provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Strategic Wealth Group Registered Investment Advisor, LLC is $570.96 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 105% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Strategic Wealth Group Registered Investment Advisor, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Strategic Wealth Group Registered Investment Advisor is individuals with 1,681 clients and $318.4 million of assets under management. Among the 9 most similar advisory firms, Strategic Wealth Group Registered Investment Advisor has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $570.96 million for 1,790 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Strategic Wealth Group Registered Investment Advisor doesn't advise any private funds.
The company employs 17 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 17 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
The principal office where Strategic Wealth Group Registered Investment Advisor, LLC performs its advisory services is located at 16192 Hwy 7, Minnetonka, MN 55345, which is also the mailing address of the firm. An additional office of the firm is in Arden Hills, MN. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 952-955-7865 or by fax 952-666-5117. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at runningwealthmanagement.com/.