Advanced Capital Group
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Overview
Advanced Capital Group operates as a financial advisor firm that has its headquarters in Minneapolis, Minnesota. Advanced Capital Group has $24.7 billion in assets over 342 client accounts, placing it among the biggest financial advisory firms in the country by assets under management (AUM). Advanced Capital Group has a small team, including 14 financial advisors. Advanced Capital Group is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer company to do so. Securities are exchangable financial assets such as bonds, stocks and options.
Advanced Capital Group manages 107 of the firm's client assets in a discretionary manner. Discretionary management is a structure in which buy and sell choices for the client's account are made by a portfolio manager without needing to seek the customer's permission. Advanced Capital Group also manages 235 non-discretionary accounts totaling $23.9 billion in AUM. The firm's average account size is $72.2 million. The typical advisor at Advanced Capital Group oversees about 24 client accounts, placing it among the more individualized advisor firms in the country.
The company's main office is at 50 South Sixth Street, Minneapolis, Minnesota 55402. It is permitted to serve customers throughout 19 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Advanced Capital Group by the Numbers
$24.7 billion
28
342
$72.2 million
Products and Services
Advanced Capital Group provides a variety 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 prior fiscal year, it provided 26-50 of its accounts with financial planning services. The firm does sell products or offer services other than investment advice to its customers. Advanced Capital Group is affiliated with a number of other companies in the financial services industry, including with an insurance company or agency.
Core Advisor Services
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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.
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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.
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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
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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.
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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.
Fee Structure
Fees charged by financial advisors typically vary depending on which services the firm provides the client. However, fees charged by the firm most 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 offered by the company.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Advanced Capital Group manages money for a broad range of customers. It works with retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities, insurance companies, corporations and other. Out of its 342 customers, Advanced Capital Group's largest client group by number of accounts is pension plans, though it also manages money for 50 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 is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are non-U.S. persons.
- High-Net-Worth Individuals* - 14.62%
- Other Individuals - 19.88%
- Corporations - 64.33%
- Charitable Organizations - 1.17%
* 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
Minneapolis, MN
Minneapolis, MN
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