Allodium Investment Consultants, LLC
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Overview
Allodium Investment Consultants, LLC operates as a financial advisory company based in Minneapolis, Minnesota. The company manages $342.7 million in assets throughout 629 accounts, placing it in the mid-tier of investment advisory firms in the nation by assets under management (AUM). It has a small group, including 5 financial advisors. Allodium Investment Consultants, LLC is not a registered broker-dealer, meaning it is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are tradable fiscal assets such as bonds, options and equities.
Allodium Investment Consultants, LLC administers all of the firm's accounts on a discretionary basis. Discretionary management means that a portfolio manager has the discretion to make transaction judgments without requiring the client's consent. Allodium Investment Consultants, LLC's average account size is $544,861. An average advisor at Allodium Investment Consultants, LLC oversees around 126 client accounts.
Allodium Investment Consultants, LLC's central office is at 500 Washington Avenue South, Minneapolis, Minnesota 55415-1151. The firm is legally permitted to provide services to investors across a few states, including California, Colorado, Minnesota, Missouri and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Allodium Investment Consultants, LLC by the Numbers
$342.7 million
12
629
$544.9 thousand
Products and Services
Allodium Investment Consultants, LLC offers multiple services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and selection of other advisers. In the prior financial year, it provided 101-250 of its clients with financial planning services. The company does not sell products or offer services other than investment advice to its investment advisory accounts.
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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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
A financial advisor's fees typically vary depending on which service is offered. However, fees charged by the firm may include some blend of the following fee structures: asset-based, hourly or fixed. The firm does not supply a wrap fee program, in which the firm offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company caters to retail investors, high net worth investors and charitable organizations. Out of its 629 clients, Allodium Investment Consultants, LLC's largest client group is retail investors, but it also serves 94 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are non-U.S. persons.
- High-Net-Worth Individuals* - 41.23%
- Other Individuals - 53.07%
- Corporations - 0%
- Charitable Organizations - 5.7%
* 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
Allodium Investment Consultants, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Allodium Investment Consultants, LLC
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
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