Caissa Wealth Strategies

CRD#150458
Investment Advisor Firm

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Overview

Caissa Wealth Strategies operates as a financial advisor firm that has its headquarters in Minneapolis, Minnesota. The company administers $118.5 million in total assets across 370 accounts, making it a mid-tier investment advisory firm in the nation by assets under management (AUM). The company has a small team of three employees, including two financial advisors. Caissa Wealth Strategies is not a registered broker-dealer, signifying that the firm is not able to 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 defined as tradable financial assets like equities, options and bonds.

Caissa Wealth Strategies administers most 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 for the client's account without needing to seek the customer's authorization. The company also has 29 non-discretionary accounts with a total of $9.5 million in assets. The firm manages roughly $320,270 for each account. The typical financial advisor at Caissa Wealth Strategies manages about 185 client accounts.

The firm's central office is located at 7825 Washington Ave S., Minneapolis, Minnesota 55439. The firm is legally registered to provide services to customers in the state of Minnesota.

Number of Advisors

2

Disclosures

No

Office Location

7825 Washington Ave S.
Minneapolis, MN 55439

Caissa Wealth Strategies by the Numbers

Total Number of Employees

3

National Average: 4,943
Total Number of Accounts

370

National Average: 2,522
Average Account Size

$320.3 thousand

National Average: $1.3 million

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Products and Services

Caissa Wealth Strategies offers a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. In the past fiscal year, Caissa Wealth Strategies provided 101-250 of its accounts with financial planning services. It is not engaged in selling products or offering services other than investment advice to its investment advisory accounts.

Core Advisor Services

  • Offered by 45% 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 63% 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 23% 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.

  • Offered by 10% of firms

    Educational Seminars/Workshops

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

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Fee Structure

Financial management fees largely are based on which services the firm provides the client. However, fee types charged by Caissa Wealth Strategies likely consist 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 provided by Caissa Wealth Strategies.

Available

  • Offered by 75% 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 37% of firms

    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.

  • Offered by 40% 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 3% 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 17% 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 1% 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 12% 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 provides services to retail investors and high net worth investors. Out of its 370 customers, Caissa Wealth Strategies's biggest client is high net worth investors, though it also serves 51 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 56.04%
  • Other Individuals - 43.96%
  • 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

Caissa Wealth Strategies does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA