Northcrest Asset Management
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Overview
Northcrest Asset Management is an advisory company based in Minneapolis, Minnesota. The company controls $2.7 billion in total assets throughout 3,078 customer accounts, making it one of the biggest financial advisory firms in the country by assets under management (AUM). Northcrest Asset Management is not a registered broker-dealer, signifying that the company is not able to buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments like options, stocks and bonds.
Northcrest Asset Management oversees more than half of the firm's accounts in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make transaction judgments for the client's account without requiring client consent. Northcrest Asset Management also administers 18 non-discretionary accounts with a total of $11.0 million in assets under management. Northcrest Asset Management supervises roughly $869,611 in assets for every account.
Northcrest Asset Management's headquarters is located at 505 N. Hwy 169, Minneapolis, Minnesota 55441. Northcrest Asset Management is allowed to serve customers throughout 28 U.S. states and territories.
Assets Under Management
Disclosures
Office Location
Northcrest Asset Management by the Numbers
$2.7 billion
3,078
$869.6 thousand
Fee Structure
Fees charged by financial advisors are based on which services the firm provides the client. Fees billed by the company typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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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
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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 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
Northcrest Asset Management provides services to retail investors and high net worth investors. Out of its 3,078 accounts, Northcrest Asset Management's largest client is high net worth investors, but it also serves 1,579 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management 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). Just 1% of its customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 51.3%
- Other Individuals - 48.7%
- 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
Northcrest Asset Management does not have any disclosures.
Please visit its Form ADV for more details.
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