Bgm Wealth Partners
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Overview
Bgm Wealth Partners is an advisory company located in Minneapolis, Minnesota. The company administers $453.5 million in total assets over 737 customer accounts, placing it among the larger investment advisory firms in the nation by assets under management (AUM). The company has a small group, including 4 financial advisors. Bgm Wealth Partners is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are tradable fiscal assets like options, bonds and equities.
Bgm Wealth Partners oversees the majority of the firm's client assets on a discretionary basis. Discretionary management is a structure in which an investment advisor has the discretion to make transaction judgments without needing client permission. The company also has 23 non-discretionary accounts with a total of $3.5 million in assets. The advisory firm's typical account size is $615,319. The typical financial advisor at Bgm Wealth Partners administers around 184 client accounts.
Bgm Wealth Partners's headquarters is located at 7900 International Drive, Minneapolis, Minnesota 55425. It is registered to provide services to customers across a number of states, including California, Florida, Minnesota, Texas and Wisconsin.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Bgm Wealth Partners by the Numbers
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/assets@2x.png)
$453.5 million
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/employees@2x.png)
6
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/accounts@2x.png)
737
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/account-size@2x.png)
$615.3 thousand
Products and Services
Financial services that Bgm Wealth Partners provides can include financial planning services and portfolio management for individuals and small businesses. In the past fiscal year, it provided financial planning services to 101-250 of its accounts. It does not sell products or offer services apart from investment advice to its investment advisory clients. The firm also has a number of financial industry affiliations, including with a trust company and accountant or accounting firm.
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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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
Financial advisory fees are based on which services the firm provides the client. Fees charged by the firm can consist of any blend of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Bgm Wealth Partners.
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
Bgm Wealth Partners provides services to retail investors and high net worth investors. Out of its 737 clients, Bgm Wealth Partners's largest client group by number of accounts is high net worth investors, though it also caters to 105 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers reside abroad.
- High-Net-Worth Individuals* - 52.76%
- Other Individuals - 47.24%
- 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
Bgm Wealth Partners does not have any disclosures.
Please visit its Form ADV for more details.
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