Foundry Partners, LLC
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Overview
Foundry Partners, LLC is a financial advisor firm headquartered in Minneapolis, Minnesota. Foundry Partners, LLC has $1.9 billion in assets across 65 customer accounts, placing it among the largest investment advisory firms in the nation by assets under management (AUM). It has a small group, including 11 financial advisors. Foundry Partners, LLC does not act as a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets like bonds, equities and options.
Foundry Partners, LLC oversees all of the firm's accounts on a discretionary basis. Discretionary management is a structure in which a portfolio manager has the discretion to make buy and sell decisions without needing to seek client approval. The firm administers about $29.1 million in assets for every customer account. The average advisor at Foundry Partners, LLC oversees about six client accounts, making it one of the more personalized firms in the country.
Foundry Partners, LLC's headquarters is located at 323 Washington Ave North, Minneapolis, Minnesota 55401. Foundry Partners, LLC is legally allowed to provide services to clients across a number of states, including California, Illinois, Indiana, Minnesota, New York, Ohio, Pennsylvania and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Foundry Partners, LLC by the Numbers
$1.9 billion
20
65
$29.1 million
Fee Structure
A financial advisor's fees largely vary depending on which services are provided. Fee types billed by Foundry Partners, LLC likely include the following fee types: asset-based or performance-based. The firm does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm caters to high net worth investors, investment companies, pooled investment vehicles and pension plans. Out of its 65 customers, Foundry Partners, LLC's biggest client is pension plans, although it also manages money for one high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 1.54%
- Other Individuals - 0%
- Corporations - 98.46%
- Charitable Organizations - 0%
* 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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Financial Advisors at Foundry Partners, LLC
Cleveland, OH
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