Carlson Capital Management, LLC

CRD#281544
Investment Advisor Firm

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Learn more about Carlson Capital Management, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Carlson Capital Management, LLC is a financial advisory firm based in Northfield, Minnesota. It controls $3.0 billion in total assets across 7,949 client accounts, placing it among the largest firms in the United States by assets under management (AUM). The firm has an average-sized team, including 21 financial advisors. Carlson Capital Management, LLC is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable financial investments like stocks, options and bonds.

    Carlson Capital Management, LLC oversees 7,875 of the company's accounts on a discretionary basis. Discretionary management is a structure in which transaction choices are made by an investment advisor without needing the client's approval. It also administers 74 non-discretionary accounts totaling $24.8 million in assets. The company's typical account size is $376,571. The typical advisor at Carlson Capital Management, LLC administers about 379 client accounts.

    The firm's headquarters is located at 11 Bridge Square, Northfield, Minnesota 55057. It is legally permitted to serve investors throughout 20 U.S. states and territories.

    Assets Under Management

    $3.0 billion

    Number of Advisors

    21

    Disclosures

    No

    Office Location

    11 Bridge Square
    Northfield, MN 55057

    Carlson Capital Management, LLC by the Numbers

    Total Assets Under Management

    $3.0 billion

    National Average: $8.6 billion
    Total Number of Employees

    79

    National Average: 64
    Total Number of Accounts

    7,949

    National Average: 375,227
    Average Account Size

    $376.6 thousand

    National Average: $23.0 thousand
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    Products and Services

    Carlson Capital Management, LLC provides multiple services, which can consist of financial planning services, portfolio management for individuals and small businesses and portfolio management for institutional clients. In the past financial year, the firm provided financial planning services to 1500 of its accounts. It is not involved in selling products or offering services aside from investment advice to its investment advisory customers. It also has a number of financial industry affiliations, including with a trust company, accountant or accounting firm and insurance company or agency.

    Core Advisor Services

    • 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.

    • 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.

    • 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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    Fee Structure

    Fees for financial management largely are based on which services the firm provides the client. Fees billed by the firm most likely include the following fee types: asset-based or fixed. Carlson Capital Management, LLC does not participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

    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 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 26% 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 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 firm works with a broad range of clients. It works with retail investors, high net worth investors, pension plans, charitable organizations, corporations and other. Out of its 7,949 customers, Carlson Capital Management, LLC's biggest client group by number of accounts is retail investors, but it also caters to 713 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 45.27%
    • Other Individuals - 46.67%
    • Corporations - 6.6%
    • Charitable Organizations - 1.46%

    * 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

    Carlson Capital Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Carlson Capital Management, LLC

    David Sayers
    Minneapolis, MN
    Joshua Lester
    Northfield, MN
    Thomas Nowariak
    Northfield, MN
    Kim Wurl
    Minneapolis, MN
    James Yaworski
    Northfield, MN
    Benjamin Carlson
    Minneapolis, MN
    Jason Kley
    Minneapolis, MN
    Callie Geist
    Northfield, MN
    Nicholas Krakosky
    Rochester, MN

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    The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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