Murphy Pohlad Asset Management LLC
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Overview
Murphy Pohlad Asset Management LLC is a financial advisory company based in Eden Prairie, Minnesota. The firm has $521.2 million in assets over 300 customer accounts, placing it among the bigger financial advisory firms in the country by assets under management (AUM). It has a small group, including 9 financial advisors. Murphy Pohlad Asset Management LLC does not act as a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer firm to do so. Securities are tradable fiscal investments like bonds, options and stocks.
Murphy Pohlad Asset Management LLC administers 297 of its client assets in a discretionary manner. Discretionary management means that transaction choices for the client's account are made by a portfolio manager without requiring client approval. The company also administers three non-discretionary accounts with a total of $990,916 in assets under management. The company's average account size is $1.7 million. The typical advisor at Murphy Pohlad Asset Management LLC oversees around 33 client accounts, making it about average in terms of personalization.
Murphy Pohlad Asset Management LLC's main office is at 6385 Old Shady Oak Road, Eden Prairie, Minnesota 55344. Murphy Pohlad Asset Management LLC is legally allowed to serve investors across 3 states, including Florida, Minnesota and Illinois.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Murphy Pohlad Asset Management LLC by the Numbers
$521.2 million
9
300
$1.7 million
Fee Structure
Financial management fees usually are based on the type of services offered. However, fees billed by the firm can include the following fee types: asset-based or fixed. Murphy Pohlad Asset Management LLC does not participate in a wrap fee program, in which the company offers a bundle of services for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 32% of firms
Fixed
Unavailable
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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 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
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It works with retail investors and high net worth investors. Out of its 300 customers, Murphy Pohlad Asset Management LLC's biggest client group is high net worth investors, although it also manages money for 256 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers reside abroad.
- High-Net-Worth Individuals* - 86.78%
- Other Individuals - 13.22%
- Corporations - 0%
- 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
Murphy Pohlad Asset Management LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Murphy Pohlad Asset Management LLC
Eden Prairie, MN
Eden Prairie, MN
Eden Prairie, MN
Eden Prairie, MN
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