Dougherty Wealth Advisers LLC

CRD#143138
Investment Advisor Firm

Answer a few questions and
get matched with an advisor.

Find an Advisor

Overview

Dougherty Wealth Advisers LLC operates as a financial advisor company that has its headquarters in Minneapolis, Minnesota. It handles $94.9 million in assets throughout 105 client accounts. The firm has a small team of two employees, all of whom are financial advisors. Dougherty Wealth Advisers LLC does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are tradable fiscal assets such as stocks, options and bonds.

Dougherty Wealth Advisers LLC administers 98 of its accounts in a discretionary manner. Discretionary management is a structure in which buy and sell decisions for the client's account are made by an investment advisor without requiring client authorization. The firm also administers seven non-discretionary accounts with a total of $14.3 million in assets. The firm oversees about $904,044 in assets for every account. The average advisor at Dougherty Wealth Advisers LLC manages around 53 client accounts, placing it towards the middle in terms of personalization.

The company's main office is located at 90 South Seventh Street, Suite 4300, Minneapolis, Minnesota 55402. It is legally permitted to serve clients in the state of Minnesota.

Assets Under Management

$94.9 million

Number of Advisors

2

Fee Structure

Asset-based, Fixed, Commission-based

Disclosures

No

Office Location

90 South Seventh Street, Suite 4300
Minneapolis, MN 55402

Dougherty Wealth Advisers LLC by the Numbers

Total Assets Under Management

$94.9 million

National Average: $3.3 billion
Total Number of Employees

2

National Average: 4,943
Total Number of Accounts

105

National Average: 2,522
Average Account Size

$904.0 thousand

National Average: $1.3 million

Find a dedicated advisor for your needs

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

Products and Services

Dougherty Wealth Advisers LLC provides multiple financial services, which can include financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the prior fiscal year, the firm provided 11-25 of its clients with financial planning services. It is involved in selling products or offering services aside from investment advice to its clients. The company also has a number of financial industry affiliations, including with a broker-dealer or securities dealer and insurance company or agency.

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.

  • Find a firm that offers this service

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

Back to Overview

Fee Structure

Financial advisory fees largely are based on the financial services provided. Fees billed by the company may include some combination of the following fee structures: asset-based, fixed or commission-based. The firm does not provide a wrap fee program, in which the firm offers a service bundle for a single 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 3% of firms

    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.

  • 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 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.

Back to Overview

Types of Clients

The company works with retail investors, high net worth investors and charitable organizations. Out of its 105 accounts, Dougherty Wealth Advisers LLC's largest client is high net worth investors, though it also serves 16 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM 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 its accounts reside abroad.

  • High-Net-Worth Individuals* - 72.73%
  • Other Individuals - 18.18%
  • Corporations - 0%
  • Charitable Organizations - 9.09%

* 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

Dougherty Wealth Advisers LLC 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

This content was compiled from the SEC and FINRA