Mwm Wealth Advisory, LLC

CRD#287705
Investment Advisor Firm

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Overview

Mwm Wealth Advisory, LLC operates as a financial advisor company that has its headquarters in Minneapolis, Minnesota. The firm administers $30.0 million in assets across 154 client accounts. The firm has a small team of one employee who is a financial advisor. Mwm Wealth Advisory, LLC does not act as a registered broker-dealer, signifying that the firm cannot buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments like options, stocks and bonds.

Mwm Wealth Advisory, LLC manages none of the company's client assets on a discretionary basis. Discretionary management is a structure in which buy and sell decisions for the client's account are made by an investment advisor without needing to seek client authorization. It also administers 154 non-discretionary accounts totaling $30.0 million in AUM. Mwm Wealth Advisory, LLC's typical account size is $194,805. An average financial advisor at Mwm Wealth Advisory, LLC manages around 154 client accounts.

Mwm Wealth Advisory, LLC's headquarters is at 18200 45Th Ave North, Minneapolis, Minnesota 55446. It is legally allowed to serve clients in the state of Minnesota.

Number of Advisors

1

Disclosures

No

Office Location

18200 45Th Ave North
Minneapolis, MN 55446

Mwm Wealth Advisory, LLC by the Numbers

Total Number of Employees

1

National Average: 4,943
Total Number of Accounts

154

National Average: 2,522
Average Account Size

$194.8 thousand

National Average: $1.3 million

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Fee Structure

Financial advisory fees largely depend on which services the firm provides the client. However, fees billed by Mwm Wealth Advisory, LLC typically consist of the following fee structures: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the firm. The company has the ability to withdraw the fees directly from client accounts.

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.

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 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.

  • 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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Types of Clients

It caters to retail investors and high net worth investors. Out of its 154 accounts, Mwm Wealth Advisory, LLC's biggest client type is retail investors, although it also manages money for 12 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 8.76%
  • Other Individuals - 91.24%
  • 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

Mwm Wealth Advisory, 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