Financial Perspectives

CRD#135549
Investment Advisor Firm

Answer a few questions and
get matched with an advisor.

Find an Advisor

Overview

Financial Perspectives operates as a financial advisor company located in Minneapolis, Minnesota. Financial Perspectives oversees $665.4 million in assets over 1,529 accounts, placing it among the bigger firms in the nation by assets under management (AUM). The company has a small group of 10 employees, all of whom are financial advisors. Financial Perspectives is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal investments such as bonds, stocks and options.

Financial Perspectives administers 1,442 of the firm's client assets on a discretionary basis. Discretionary management signifies that transaction judgments are made by an investment advisor without requiring the client's authorization. It also oversees 87 non-discretionary accounts with a total of $39.1 million in AUM. The advisory firm's average account size is $435,194. An average financial advisor at Financial Perspectives administers about 153 client accounts.

Financial Perspectives's main office is located at 3025 Harbor Lane N, Minneapolis, Minnesota 55447-5119. The company is registered to provide services to investors throughout 15 U.S. states and territories.

Assets Under Management

$665.4 million

Number of Advisors

10

Fee Structure

Asset-based, Hourly, Fixed

Disclosures

No

Office Location

3025 Harbor Lane N
Minneapolis, MN 55447-5119

Financial Perspectives by the Numbers

Total Assets Under Management

$665.4 million

National Average: $3.3 billion
Total Number of Employees

10

National Average: 4,943
Total Number of Accounts

1,529

National Average: 2,522
Average Account Size

$435.2 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

Financial Perspectives provides multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses and other services. In the prior financial year, the company provided financial planning services to 251-500 of its customers. The company does sell products or offer services aside from investment advisory services to its clients. The company is also affiliated with a number of other service providers in the financial services industry, including with an accountant or accounting firm.

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

Back to Overview

Fee Structure

Financial advisory fees typically vary depending on which services are offered. Fees charged by Financial Perspectives most likely include the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.

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 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.

Unavailable

  • 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.

Back to Overview

Types of Clients

Financial Perspectives caters to retail investors, high net worth investors, pension plans and charitable organizations. Out of its 1,529 clients, Financial Perspectives's biggest client type is retail investors, but it also manages money for 190 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 is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers reside abroad.

  • High-Net-Worth Individuals* - 36.19%
  • Other Individuals - 63.05%
  • Corporations - 0.38%
  • Charitable Organizations - 0.38%

* 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

Financial Perspectives 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