Accredited Investors Wealth Management

CRD#105439
Investment Advisor Firm

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Overview

Accredited Investors Wealth Management is a financial advisor company headquartered in Minneapolis, Minnesota. The company handles $1.9 billion in assets over 3,654 accounts, making it one of the largest financial advisory firms in the nation by assets under management (AUM). It has an average-sized group of 42 employees, including four financial advisors. Accredited Investors Wealth Management is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer company to do so. Securities are tradable fiscal assets like equities, bonds and options.

Accredited Investors Wealth Management manages the majority of its accounts on a discretionary basis. Discretionary management means that an investment advisor has the discretion to make buy and sell judgments without requiring the customer's authorization. The company also administers 129 non-discretionary accounts with a total of $78.1 million in assets under management. Accredited Investors Wealth Management administers about $511,598 for every client account. An average advisor at Accredited Investors Wealth Management administers about 914 client accounts.

Accredited Investors Wealth Management's main office is at 5200 West 73Rd Street, Minneapolis, Minnesota 55439-2204. It is allowed to provide services to customers throughout 17 U.S. states and territories.

Number of Advisors

4

Disclosures

No

Office Location

5200 West 73Rd Street
Minneapolis, MN 55439-2204

Accredited Investors Wealth Management by the Numbers

Total Number of Employees

42

National Average: 4,943
Total Number of Accounts

3,654

National Average: 2,522
Average Account Size

$511.6 thousand

National Average: $1.3 million

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Products and Services

Accredited Investors Wealth Management provides a variety of services, which can include financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the last fiscal year, Accredited Investors Wealth Management provided 251-500 of its clients with financial planning services. The firm does not sell products or offer services apart from investment advisory services to its investment advisory accounts.

Core Advisor Services

  • Offered by 45% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 63% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees charged by financial advisors usually depend on which services the firm provides the client. However, fee types billed by Accredited Investors Wealth Management likely consist of the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 40% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 37% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 3% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

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    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

Accredited Investors Wealth Management works with retail investors and high net worth investors. Out of its 3,654 clients, Accredited Investors Wealth Management's biggest client type is high net worth investors, although it also manages money for 433 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers reside abroad.

  • High-Net-Worth Individuals* - 89.65%
  • Other Individuals - 10.35%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Accredited Investors Wealth Management does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA