Guzek Asset Management

CRD#139486
Investment Advisor Firm

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Overview

Guzek Asset Management is an advisory firm based in Minneapolis, Minnesota. The company has a small team of three employees, including two financial advisors. Guzek Asset Management does not act as a registered broker-dealer, meaning it cannot buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets such as options, bonds and stocks.

Under $100,000 of their financial planning investments were in securities, with under $100,000 invested in non-securities.

The company's central office is at 3800 American Blvd. W., Minneapolis, Minnesota 55431. The firm is legally registered to provide services to customers in the state of Minnesota.

Editorial note: Under some conditions, advisors and firms can file as exempt reporting advisors with the SEC, meaning they file an abbreviated version of the Form ADV. As a result, this is all of the available information for Guzek Asset Management. Please visit the SEC website for more information at https://www.sec.gov

Number of Advisors

2

Fee Structure

Other

Disclosures

No

Office Location

3800 American Blvd. W.
Minneapolis, MN 55431

Guzek Asset Management by the Numbers

Total Number of Employees

3

National Average: 4,943

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Products and Services

Financial services provided by Guzek Asset Management include financial planning services. In the past fiscal year, Guzek Asset Management provided 11-25 of its clients with financial planning services. The firm does sell products or offer services different than investment advice to its clients.

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.

  • Find a firm that offers this service

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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Fee Structure

Fees charged by financial advisors usually vary depending on the financial services provided. Fee types charged by the firm typically consist of non-traditional fee structures. The firm does not participate in a wrap fee program, in which the firm offers a bundle of services for a single fee.

Available

  • 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 75% of firms that offer this fee type

    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.

  • 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 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 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

None of its clients reside abroad.

  • High-Net-Worth Individuals* - 62.03%
  • Other Individuals - 37.22%
  • Corporations - 0.5%
  • Charitable Organizations - 0.25%

* 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

Guzek Asset Management 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