Cliftonlarsonallen Wealth Advisors, LLC

CRD#38357
Investment Advisor Firm

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Overview

Cliftonlarsonallen Wealth Advisors, LLC operates as a financial advisory firm based in Minneapolis, Minnesota. Cliftonlarsonallen Wealth Advisors, LLC handles $3.6 billion in assets under management over 10,825 client accounts, making it one of the largest firms in the country by assets under management (AUM). The firm has a large team of 104 employees, eighty-three of whom are financial advisors. Cliftonlarsonallen Wealth Advisors, LLC is not a registered broker-dealer, signifying that the company is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial assets like options, stocks and bonds.

Cliftonlarsonallen Wealth Advisors, LLC administers most of the company's accounts on a discretionary basis. Discretionary management is a structure in which transaction choices for the client's account are made by a portfolio manager without needing client permission. Cliftonlarsonallen Wealth Advisors, LLC also administers 2,585 non-discretionary accounts with a total of $939.0 million in assets. Cliftonlarsonallen Wealth Advisors, LLC oversees about $334,043 for each customer account. An average advisor at Cliftonlarsonallen Wealth Advisors, LLC oversees around 130 client accounts.

Cliftonlarsonallen Wealth Advisors, LLC's headquarters is located at 220 South 6Th Street, Minneapolis, Minnesota 55402-1418. The firm is registered to serve clients throughout 38 U.S. states and territories.

Number of Advisors

83

Disclosures

No

Office Location

220 South 6Th Street
Minneapolis, MN 55402-1418

Cliftonlarsonallen Wealth Advisors, LLC by the Numbers

Total Number of Employees

104

National Average: 4,943
Total Number of Accounts

10,825

National Average: 2,522
Average Account Size

$334.0 thousand

National Average: $1.3 million

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Products and Services

Cliftonlarsonallen Wealth Advisors, LLC offers a number 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 last fiscal year, the firm provided financial planning services to 2,500 of its clients. The company is engaged in selling products or offering services other than investment advice to its clients. The firm also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, accountant or accounting firm, insurance company or agency and pension consultant.

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 advisory fees depend on which services the firm provides the client. Fees charged by the firm most likely consist of some combination of the following fee structures: asset-based, hourly or fixed. The company does not participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

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

Cliftonlarsonallen Wealth Advisors, LLC works with a number of different customers. The company works with retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 10,825 accounts, Cliftonlarsonallen Wealth Advisors, LLC's largest client type is retail investors, although it also manages money for 784 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM 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). Just 1% of the firm's accounts are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 20.12%
  • Other Individuals - 74.59%
  • Corporations - 5.06%
  • Charitable Organizations - 0.23%

* 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

Cliftonlarsonallen Wealth Advisors, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Cliftonlarsonallen Wealth Advisors, LLC

Nicholas Andresen
Minneapolis, MN
Trevor Czerniejewski
Saint Louis, MO
Scott Davis
Bloomington, IL
Timothy Bolinski
Plymouth Meeting, PA
Steven Jones
Minneapolis, MN
Hannah Walsh
Eau Claire, WI
Craig Mccormick
Bloomington, IL
Bruce Bushman
Spokane, WA
Brian D'Orazio
Englewood, CO

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This content was compiled from the SEC and FINRA