Fbd Asset Mgmt

CRD#307216
Investment Advisor Firm

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Learn more about Fbd Asset Mgmt

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

    • Overview

    Fbd Asset Mgmt operates as a financial advisory firm that has its headquarters in Minneapolis, Minnesota. The firm controls $34.0 million in assets over 64 client accounts. Fbd Asset Mgmt has a small team, including 1 financial advisor. Fbd Asset Mgmt is not a registered broker-dealer, meaning the advisor cannot 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 defined as exchangable fiscal assets such as bonds, equities and options.

    Fbd Asset Mgmt manages all of its accounts in a discretionary manner. Discretionary management signifies that transaction decisions are made by a portfolio manager without requiring the client's authorization. The firm manages roughly $531,532 for each customer account. The typical advisor at Fbd Asset Mgmt administers around 64 client accounts, making it about average in terms of personalization.

    The firm's main office is at 7760 France Avenue South. Suite 950, Minneapolis, Minnesota 55435. The company is legally allowed to provide services to investors in the state of Minnesota.

    Assets Under Management

    $34.0 million

    Number of Advisors

    1

    Disclosures

    No

    Office Location

    7760 France Avenue South. Suite 950
    Minneapolis, MN 55435

    Fbd Asset Mgmt by the Numbers

    Total Assets Under Management

    $34.0 million

    National Average: $8.6 billion
    Total Number of Employees

    1

    National Average: 64
    Total Number of Accounts

    64

    National Average: 375,227
    Average Account Size

    $531.5 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial advisory services vary depending on which services are provided. However, fees charged by Fbd Asset Mgmt typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Fbd Asset Mgmt.

    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.

    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 26% 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 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 company caters to retail investors, high net worth investors, charitable organizations and corporations. Out of its 64 customers, Fbd Asset Mgmt's biggest client type by number of accounts is retail investors, but it also serves 12 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 18.75%
    • Other Individuals - 65.62%
    • Corporations - 12.5%
    • Charitable Organizations - 3.12%

    * 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

    Fbd Asset Mgmt does not have any disclosures.

    Please visit its Form ADV for more details.

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