Palisade Asset Management, LLC
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Overview
Palisade Asset Management, LLC is a financial advisor firm that has its headquarters in Minneapolis, Minnesota. It has $1.1 billion in assets throughout 671 customer accounts, placing it among the larger investment advisory firms in the nation by assets under management (AUM). It has a small group, including 5 financial advisors. Palisade Asset Management, LLC does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are exchangable fiscal investments such as stocks, options and bonds.
Palisade Asset Management, LLC administers more than half of the firm's client assets on a discretionary basis. Discretionary management signifies that a portfolio manager makes transaction judgments for the client's account without requiring client approval. It also manages 10 non-discretionary accounts totaling $88.9 million in assets under management. The firm supervises roughly $1.6 million in assets for every customer account. The typical advisor at Palisade Asset Management, LLC administers about 134 client accounts.
Palisade Asset Management, LLC's main office is at 100 South Fifth Street, Minneapolis, Minnesota 55402. The firm is legally registered to serve customers throughout 11 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Palisade Asset Management, LLC by the Numbers
$1.1 billion
10
671
$1.6 million
Products and Services
Palisade Asset Management, LLC offers a number of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers and publication of newsletters. In the past fiscal year, the company provided financial planning services to 11-25 of its accounts. The firm is not involved in selling products or offering services aside from investment advice to its investment advisory clients.
Core Advisor Services
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Offered by 31% 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.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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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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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Offered by 3% of firms
Publication of Periodicals
This is the publication of various financial education materials.
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Find a firm that offers this service
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial advisory fees typically are based on which services the firm provides the client. However, fees billed by the company most likely consist of any combination of the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Palisade Asset Management, LLC.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
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 10% of firms that offer this fee type
Other
Types of Clients
The firm works with high net worth investors and charitable organizations. Out of its 671 customers, Palisade Asset Management, LLC's largest client by number of accounts is high net worth investors, although it also manages money for 93 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are non-U.S. persons.
- High-Net-Worth Individuals* - 93%
- Other Individuals - 0%
- Corporations - 0%
- Charitable Organizations - 7%
* 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
Palisade Asset Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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