Asa Managed Account Managers LLC

CRD#162855
Investment Advisor Firm

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Learn more about Asa Managed Account Managers LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Asa Managed Account Managers LLC is located at 600 Highway 169 South, Minneapolis, MN. The firm is staffed to provide financial guidance and is not a registered broker-dealer.

    The firm manages $920.2 million in assets across 219 accounts, all of which are discretionary. Asa Managed Account Managers LLC offers portfolio management for individuals and small businesses, pooled investment vehicles, and institutional clients. The fee structure includes asset-based, fixed, and performance-based fees. The firm serves high net worth investors, investment companies, pooled investment vehicles, and charitable organizations, with high net worth investors representing the largest client type by accounts. There are 190 high net worth clients.

    Asa Managed Account Managers LLC is registered in Arizona, California, Florida, Minnesota, New Jersey, Tennessee, and Texas.

    Assets Under Management

    $920.2 million

    Disclosures

    No

    Office Location

    600 Highway 169 South
    Minneapolis, MN 55426-1221

    Asa Managed Account Managers LLC by the Numbers

    Total Assets Under Management

    $920.2 million

    National Average: $8.6 billion
    Total Number of Accounts

    219

    National Average: 375,227
    Average Account Size

    $4.2 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial management usually vary depending on the type of financial services provided. However, fees billed by Asa Managed Account Managers LLC can include some combination of the following fee types: asset-based, fixed, and performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company. Asa Managed Account Managers LLC is able to withdraw the charges directly from client accounts.

    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 26% of firms

      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.

    • 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 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 company caters to high net worth investors, investment companies, pooled investment vehicles, and charitable organizations. Out of its 219 clients, Asa Managed Account Managers LLC's largest client group by number of accounts is high net worth investors, although it also serves 190 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who is a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 87.16%
    • Other Individuals - 0%
    • Corporations - 7.8%
    • Charitable Organizations - 5.05%

    * 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

    Asa Managed Account Managers LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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