Logan Park Wealth Management

CRD#299007
Investment Advisor Firm

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Overview

Logan Park Wealth Management is a financial advisory firm that has its headquarters in Minneapolis, Minnesota. The firm has a small group of three employees, all of whom are financial advisors. Logan Park Wealth Management does not act as a registered broker-dealer, meaning the firm 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 firm to do so. Securities are defined as exchangable fiscal investments like bonds, equities and options.

The firm's central office is at 121 S. 8Th Street, Minneapolis, Minnesota 55402. The firm is legally allowed to serve clients in the state of Minnesota.

Number of Advisors

3

Fee Structure

Asset-based, Fixed

Disclosures

No

Office Location

121 S. 8Th Street
Minneapolis, MN 55402

Logan Park Wealth Management by the Numbers

Total Number of Employees

3

National Average: 4,943

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Products and Services

Logan Park Wealth Management provides a number of services, including financial planning services, portfolio management for individuals and small businesses and pension consulting services. However, it did not provide financial planning services to any of its customers in the last fiscal year. The company does sell products or offer services other than investment advisory services to its customers. It is affiliated with a number of other service providers in the financial services industry, including with an insurance company or agency.

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

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Fee Structure

A financial advisor's fees usually vary depending on which services the firm provides the client. Fee types billed by the company likely are comprised of any blend of the following fee structures: asset-based or fixed. The company does not provide a wrap fee program, in which the firm offers a service bundle for a single fee.

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 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 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 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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Disclosures

Logan Park Wealth 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