Advanced Capital Group

CRD#109673
Investment Advisor Firm

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Learn more about Advanced Capital Group

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Advanced Capital Group is located at 50 South Sixth Street, Minneapolis, MN. The firm employs 13 financial advisors to manage client portfolios and provide financial guidance. Advanced Capital Group is not a registered broker-dealer.

    Advanced Capital Group oversees $25.9 billion in assets under management across 341 accounts, of which 119 are discretionary and 222 are non-discretionary. Over the past year, the firm has provided financial planning services to between 26 and 50 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, and selection of other advisers. The firm caters to retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities, insurance companies, and corporations, with pension plans being the largest client type by accounts. The fee structure at Advanced Capital Group includes asset-based and fixed fees. The firm has 48 high net worth clients and maintains affiliations with an insurance company or agency.

    Advanced Capital Group is registered in the states of Arizona, California, Florida, Illinois, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Missouri, Nebraska, New York, North Dakota, Pennsylvania, South Dakota, Texas, Virginia, and Wisconsin.

    Assets Under Management

    $25.9 billion

    Number of Advisors

    13

    Disclosures

    No

    Office Location

    50 South Sixth Street
    Minneapolis, MN 55402

    Advanced Capital Group by the Numbers

    Total Assets Under Management

    $25.9 billion

    National Average: $8.6 billion
    Total Number of Employees

    27

    National Average: 64
    Total Number of Accounts

    341

    National Average: 375,227
    Average Account Size

    $76.0 million

    National Average: $23.0 thousand
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    Products and Services

    Advanced Capital Group provides a number of services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, and selection of other advisers. In the last fiscal year, Advanced Capital Group provided financial planning services to 26-50 of its accounts. The Company does sell products or offer services apart from investment advice to its customers.

    Core Advisor Services

    • Offered by 31% 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 46% of firms

      Portfolio Management

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

    • Find a firm that offers this service

      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 20% of firms

      Selection of Other Advisors

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

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

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

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    Fee Structure

    Fees for financial management usually are based on which services are offered. Fees charged by Advanced Capital Group may include some combination of the following fee types: asset-based or fixed.

    Available

    • Offered by 69% 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 32% 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 21% 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 1% 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.

    • Find one of the 26% of firms that offer this fee type

      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 0% 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 10% 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

    The firm does business with a broad range of investors. It caters to retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities, insurance companies, and corporations. Out of its 8 clients, Advanced Capital Group's largest client group by number of accounts is pension plans, but it also caters to 48 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor 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).

    • High-Net-Worth Individuals* - 14.08%
    • Other Individuals - 23.17%
    • Corporations - 61.29%
    • Charitable Organizations - 1.47%

    * 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

    Advanced Capital Group does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Advanced Capital Group

    Jay Thorp
    Minneapolis, MN
    Chad Rice
    Minneapolis, MN
    Mathew Coyle
    Minneapolis, MN
    Patrick Larson
    Minneapolis, MN

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