Geronimo Investment Management, LLC

CRD#287762
Investment Advisor Firm

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Overview

Geronimo Investment Management, LLC is a financial advisory company based in Minneapolis, Minnesota. Geronimo Investment Management, LLC has $303.0 million in total assets throughout one account, placing it in the mid-tier of firms in the nation by assets under management (AUM). The company has a small group of 25 employees, including 22 financial advisors. Geronimo Investment Management, LLC is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are tradable financial investments like equities, options and bonds.

Geronimo Investment Management, LLC administers all of the firm's accounts on a discretionary basis. Discretionary management is a structure in which buy and sell decisions are made by an investment advisor without needing client approval. The investment advisory firm manages about $303.0 million for each account. An average financial advisor at Geronimo Investment Management, LLC manages fewer than one client account, making it one of the most individualized financial advisor firms in the country.

The firm's main office is located at 7650 Edinborough Way, Minneapolis, Minnesota 55435-5990. The firm is legally registered to provide services to customers in the state of Minnesota.

Number of Advisors

22

Disclosures

No

Office Location

7650 Edinborough Way
Minneapolis, MN 55435-5990

Geronimo Investment Management, LLC by the Numbers

Total Number of Employees

25

National Average: 4,943
Total Number of Accounts

1

National Average: 2,522
Average Account Size

$303.0 million

National Average: $1.3 million

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Fee Structure

A financial advisor's fees typically are based on which services the firm provides the client. However, fee types billed by the company most likely include the following fee types: asset-based, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

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.

  • 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 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.

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Types of Clients

The firm provides services to pooled investment vehicles. Geronimo Investment Management, LLC's biggest client type is pooled investment vehicles. None of the company's clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • 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

Geronimo Investment Management, 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