Fure Financial Corporation (Bloomington)

Name: Fure Financial Corporation
Address: 8500 Normandale Lake Boulevard, Bloomington, MN, 55437 3822
Telephone: 952-944-8250

Fure Financial Corporation is a large advisory firm based in Bloomington. It manages $200.91 million of regulatory assets for 1,179 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Minnesota, and 3 other states.

Fure Financial Corporation provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fure Financial Corporation: assets under management

The assets under management (AUM) of Fure Financial Corporation is $200.91 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 413% since the beginning of its operation, and $477.45 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $200.91 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $170.41 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 37% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fure Financial Corporation for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Johannes Carl Fure serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Johannes Carl Fure is high net worth individuals with 65 clients and $107.69 million of assets under management. Among the 9 most similar advisory firms, Fure Financial Corporation has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $200.91 million for 359 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.

Fure Financial Corporation doesn't advise any private funds.

Careers at Fure Financial Corporation

The company employs 12 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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 don’t receive compensation from other entities for client referrals.

Johannes Carl Fure has been acting as President since 1 Sep 1988. Grant Allan Meyer joined the executive team most recently as the Chief Information Security Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Johannes Carl Fure	President/director	1 Sep 1988	75% - 100%	1068032
Johannes Carl Fure	President, chief investment officer	1 Oct 1988	75% - 100%	1068032
Eric William Swenson	Vice-president	1 Dec 1999	Other	1957976
Rachel Olivia Infante	Chief compliance officer	1 May 2017	Other	5545731
Grant Allan Meyer	Chief information security officer	1 Aug 2017	Other	5545777

Based in Bloomington

The principal office where Fure Financial Corporation performs its advisory services is located at 8500 Normandale Lake Boulevard, Bloomington, MN 55437 3822, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 952-944-8250 or by fax 952-944-8252. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at furefinancial.com.