Family Wealth Counselors, LLC

CRD#115629
Investment Advisor Firm

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Learn more about Family Wealth Counselors, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Family Wealth Counselors, LLC is an advisory firm that has its headquarters in Minneapolis, Minnesota. The firm has a small team of one employee who is a financial advisor. Family Wealth Counselors, LLC is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer company to do so. Securities are exchangable fiscal investments such as bonds, options and stocks.

    Under $100,000 of their investments for financial planning services were in securities, with under $100,000 placed in non-securities.

    The company's headquarters is at 3033 Excelsior Blvd, Minneapolis, Minnesota 55416. The company is legally permitted to provide services to clients across a few states, including Minnesota, New Jersey, New York and Ohio.

    Editorial note: In certain cases, firms can register as exempt reporting advisors with the SEC, meaning they file a shorter version of the Form ADV. As a result, this is all of the publicly available information for Family Wealth Counselors, LLC. Please visit the SEC website for more information at https://www.sec.gov

    Number of Advisors

    1

    Disclosures

    No

    Office Location

    3033 Excelsior Blvd
    Minneapolis, MN 55416

    Family Wealth Counselors, LLC by the Numbers

    Total Number of Employees

    1

    National Average: 4,943

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    Products and Services

    Family Wealth Counselors, LLC provides multiple financial services, which can consist of financial planning services, selection of other advisers and other services. In the prior financial year, the firm provided financial planning services to 1-10 of its clients. The firm does sell products or offer services apart from investment advisory services to its clients. The firm is affiliated with one or more other service providers in the financial services industry, including with an 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.

    • Find a firm that offers this service

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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      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.

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      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

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

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    Fee Structure

    Fees for financial management typically depend on the type of services offered. Fees billed by the firm likely include some combination of the following fee structures: hourly, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.

    Available

    • 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.

    • Offered by 12% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 75% of firms that offer this fee type

      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.

    • 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.

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    Disclosures

    Family Wealth Counselors, 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