Cloverfields Capital Group, Lp

CRD#306590
Investment Advisor Firm

Answer a few questions and
get matched with an advisor.

Find an Advisor

Learn more about Cloverfields Capital Group, Lp

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Cloverfields Capital Group, Lp operates as a financial advisory firm from its base at 21 Third Street North, Suite 400, Minneapolis, Minnesota, 55401-7510. The firm holds registrations in Florida, Minnesota, and Wyoming, but does not function as a registered broker dealer.

    In terms of assets under management (AUM), Cloverfields Capital Group, Lp manages $329.3 million across 68 accounts, all of which are managed on a discretionary basis. This indicates that the firm's portfolio managers hold the authority to execute investment decisions on behalf of their clients without requiring prior approval.

    The firm employs a team of 9 financial advisors. The services provided by Cloverfields Capital Group, Lp encompass portfolio management for individuals and small businesses, in addition to portfolio management for institutional clients. The firm operates within the financial industry as a trust company.

    Cloverfields Capital Group, Lp operates on asset-based and performance-based fee structures and does not engage in a wrap fee program. The firm's clientele includes high net worth investors and charitable organizations, with high net worth investors making up the majority of its client base. The firm serves 96 high net worth clients.

    Assets Under Management

    $329.3 million

    Number of Advisors

    9

    Disclosures

    No

    Office Location

    21 Third Street North, Suite 400
    Minneapolis, MN 55401-7510

    Cloverfields Capital Group, Lp by the Numbers

    Total Assets Under Management

    $329.3 million

    National Average: $8.6 billion
    Total Number of Employees

    9

    National Average: 64
    Total Number of Accounts

    68

    National Average: 375,227
    Average Account Size

    $4.8 million

    National Average: $23.0 thousand
    Back to Overview
    Back to Overview

    Fee Structure

    Fees charged by financial advisors typically depend on which services the firm provides the client. Fees charged by the firm likely are comprised of the following fee structures: asset-based or performance-based. The company does not provide a wrap fee program, in which the firm offers a bundle of services for a single 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 26% of firms

      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.

    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 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 32% of firms that offer this fee type

      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.

    • 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.

    Back to Overview

    Types of Clients

    The firm provides services to high net worth investors and charitable organizations. Out of its 68 clients, Cloverfields Capital Group, Lp's biggest client type by number of accounts is high net worth investors, although it also manages money for 65 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 deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 2% of the company's customers are non-U.S. persons.

    • High-Net-Worth Individuals* - 95.59%
    • Other Individuals - 0%
    • Corporations - 0%
    • Charitable Organizations - 4.41%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

    Find an advisor who will work directly with you

    Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.

    Back to Overview

    Disclosures

    Cloverfields Capital Group, Lp does not have any disclosures.

    Please visit its Form ADV for more details.

    Back to Overview
    Back to Overview

    Find a financial advisor near you

    If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.

    Back to Overview

    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.

    The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm. Financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.

    This profile may include a firm or advisor that has a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. SmartAsset is not a client of the aforementioned firms or advisors. SmartAsset did not receive compensation for including any of the firms or advisors in the aforementioned profile.

    This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).

    Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.