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 located at 11 Bridge Square, Northfield, MN. The firm employs 21 financial advisors to manage client portfolios and provide financial guidance. Carlson Capital Management, LLC is not a registered broker-dealer.

    Carlson Capital Management, LLC oversees $3.5 billion in assets under management across 8,421 accounts, of which 8,361 are discretionary and 60 are non-discretionary. Over the past year, the firm has provided financial planning services to 1,500 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, and portfolio management for institutional clients. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, and corporations, with high net worth investors being the largest client type by accounts. The fee structure at Carlson Capital Management, LLC includes asset-based and fixed fees. The firm has 753 high net worth clients and maintains affiliations with a trust company, an accountant or accounting firm, and an insurance company or agency.

    Carlson Capital Management, LLC is registered in the states of Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Iowa, Kentucky, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New York, North Carolina, Ohio, Oregon, South Carolina, South Dakota, Texas, Washington and Wisconsin

    Assets Under Management

    $3.5 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

    $3.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    79

    National Average: 64
    Total Number of Accounts

    8,421

    National Average: 375,227
    Average Account Size

    $415.9 thousand

    National Average: $23.0 thousand
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    Products and Services

    Carlson Capital Management, LLC offers multiple financial services, which can include financial planning services, portfolio management for individuals and small businesses, and portfolio management for institutional clients. In the prior fiscal year, Carlson Capital Management, LLC provided 1500 of its customers with financial planning services. The Company is not engaged in selling products or offering services other than investment advice to its investment advisory clients.

    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 depend on the financial services offered. Fees billed by Carlson Capital Management, LLC most likely include some combination of the following fee structures: asset-based or fixed.

    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 manages money for a broad range of customers. The firm provides services to retail investors, high net worth investors, pension plans, charitable organizations, corporations, and other. Out of its 6 clients, Carlson Capital Management, LLC's largest client group by number of accounts is high net worth investors, but it also serves 753 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of more than $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 46.06%
    • Other Individuals - 45.69%
    • Corporations - 6.91%
    • Charitable Organizations - 1.35%

    * 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

    John Cronin
    Minneapolis, MN
    James Yaworski
    Northfield, MN
    Abra Kramas
    Northfield, MN
    Steven Tecker
    Northfield, MN
    David Sayers
    Hastings, MN
    Andrew Owen
    Rochester, MN
    Selene Serkland
    Minneapolis, MN
    Kim Wurl
    Minneapolis, MN
    Matthew Jaeger
    Northfield, MN

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    The content in this profile was updated by SmartAsset on 6/19/2024. 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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