Minneapolis Portfolio Management Group, LLC
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Overview
Minneapolis Portfolio Management Group, LLC is an advisory company headquartered in Minneapolis, Minnesota. The firm handles $824.9 million in total assets throughout 2,056 accounts, making it one of the bigger financial advisory firms in the United States by assets under management (AUM). The company has a small team, including 3 financial advisors. Minneapolis Portfolio Management Group, LLC does not act as a registered broker-dealer, meaning it cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are exchangable financial assets like options, bonds and equities.
Minneapolis Portfolio Management Group, LLC administers the majority of the company's accounts in a discretionary manner. Discretionary management is a structure in which transaction choices for the client's account are made by an investment advisor without requiring client approval. The company also oversees 230 non-discretionary accounts totaling $52.7 million in assets under management. The company's typical account size is $401,226. The typical advisor at Minneapolis Portfolio Management Group, LLC manages around 685 client accounts.
The firm's headquarters is located at 80 South 8Th Street, Minneapolis, Minnesota 55402. The firm is registered to serve customers throughout 42 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Minneapolis Portfolio Management Group, LLC by the Numbers
$824.9 million
9
2,056
$401.2 thousand
Fee Structure
Fees charged by financial advisors usually depend on the financial services provided. However, fees billed by the company typically consist of the following fee type: asset-based. The firm does participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
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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 does business with a number of different clients. It caters to retail investors, high net worth investors, pension plans, charitable organizations, insurance companies and corporations. Out of its 2,056 accounts, Minneapolis Portfolio Management Group, LLC's largest client type is retail investors, though it also caters to 532 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM 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 the company's clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 25.88%
- Other Individuals - 66.97%
- Corporations - 6.08%
- Charitable Organizations - 1.07%
* 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
Minneapolis Portfolio Management Group, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Minneapolis Portfolio Management Group, LLC
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
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