Cordis Financial, LLC

CRD#294766
Investment Advisor Firm

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Overview

Cordis Financial, LLC is a financial advisory firm that has its headquarters in Minneapolis, Minnesota. It has $98.7 million in total assets throughout 398 customer accounts. The firm has a small team of four employees, of which three are financial advisors. Cordis Financial, LLC does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are exchangable fiscal assets such as bonds, options and stocks.

Cordis Financial, LLC oversees all of the firm's accounts in a discretionary manner. Discretionary management means that buy and sell judgments are made by a portfolio manager without requiring the client's authorization. The advisory firm administers roughly $247,948 in assets for every account. The typical advisor at Cordis Financial, LLC oversees about 133 client accounts.

The firm's main office is located at 3001 Broadway Street Ne, Minneapolis, Minnesota 55413. It is allowed to provide services to clients throughout 2 states, including Minnesota and Nebraska.

Number of Advisors

3

Disclosures

No

Office Location

3001 Broadway Street Ne
Minneapolis, MN 55413

Cordis Financial, LLC by the Numbers

Total Number of Employees

4

National Average: 4,943
Total Number of Accounts

398

National Average: 2,522
Average Account Size

$247.9 thousand

National Average: $1.3 million

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Products and Services

Cordis Financial, LLC offers multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses and pension consulting services. In the past financial year, Cordis Financial, LLC provided 101-250 of its customers with financial planning services. The company is not engaged in selling products or offering services other than investment advisory services to its investment advisory clients.

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

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Fee Structure

A financial advisor's fees largely vary depending on which services are provided. However, fees billed by the company may include the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

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 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 37% 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 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

Cordis Financial, LLC caters to retail investors and high net worth investors. Out of its 398 clients, Cordis Financial, LLC's largest client by number of accounts is retail investors, although it also manages money for 34 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual 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 company's customers are from outside of the U.S.

  • High-Net-Worth Individuals* - 20.36%
  • Other Individuals - 79.64%
  • 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

Cordis Financial, LLC 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