Foundry Partners, LLC

CRD#164863
Investment Advisor Firm

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Overview

Foundry Partners, LLC operates as an advisory firm based in Minneapolis, Minnesota. Foundry Partners, LLC administers $2.3 billion in total assets throughout 97 accounts, making it one of the biggest financial advisory firms in the United States by assets under management (AUM). Foundry Partners, LLC has a small team of 26 employees, including 12 financial advisors. Foundry Partners, LLC does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer company to do so. Securities are defined as exchangable financial assets such as bonds, equities and options.

Foundry Partners, LLC administers all of its client assets on a discretionary basis. Discretionary management means that an investment advisor makes buy and sell choices for the client's account without requiring the customer's permission. The advisory firm's average account size is $24.0 million. An average advisor at Foundry Partners, LLC oversees about eight client accounts, placing it among the more personalized firms in the country.

The company's central office is located at 323 Washington Ave North, Minneapolis, Minnesota 55401. The firm is registered to serve customers throughout a few states, including California, Illinois, Indiana, Minnesota, New York, Ohio, Pennsylvania and Texas.

Assets Under Management

$2.3 billion

Number of Advisors

12

Fee Structure

Asset-based, Performance-based

Disclosures

No

Office Location

323 Washington Ave North
Minneapolis, MN 55401

Foundry Partners, LLC by the Numbers

Total Assets Under Management

$2.3 billion

National Average: $3.3 billion
Total Number of Employees

26

National Average: 4,943
Total Number of Accounts

97

National Average: 2,522
Average Account Size

$24.0 million

National Average: $1.3 million

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Fee Structure

Fees for financial advisory services usually depend on which services the firm provides the client. Fee types billed by the company likely consist of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Foundry Partners, LLC.

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 17% of firms

    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.

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 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 40% 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 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

The firm works with a broad range of investors. It works with high net worth investors, investment companies, pension plans, charitable organizations and corporations. Out of its 97 accounts, Foundry Partners, LLC's largest client type by number of accounts is pension plans, but it also manages money for three high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management 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 customers reside abroad.

  • High-Net-Worth Individuals* - 3.85%
  • Other Individuals - 0%
  • Corporations - 93.59%
  • Charitable Organizations - 2.56%

* 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

Foundry Partners, 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