Peak Financial Consulting, Inc

CRD#291860
Investment Advisor Firm

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Overview

Peak Financial Consulting, Inc is a financial advisor firm based in Minneapolis, Minnesota. It handles $47.4 million in assets under management over 525 customer accounts. It has a small group of two employees, all of whom are financial advisors. Peak Financial Consulting, Inc does not act as a registered broker-dealer, signifying that it cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal investments such as bonds, equities and options.

Peak Financial Consulting, Inc manages all of the firm's accounts in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make transaction decisions for the client's account without requiring client consent. The firm oversees about $90,303 for every client account. $2,500,001 to $5,000,000 of their financial planning investments were in securities, with under $100,000 placed in non-securities. The typical advisor at Peak Financial Consulting, Inc administers around 263 client accounts.

The company's central office is located at 1650 West 82Nd Street, Minneapolis, Minnesota 55431. It is legally registered to serve investors across a number of states, including Colorado, Minnesota and Texas.

Number of Advisors

2

Disclosures

No

Office Location

1650 West 82Nd Street
Minneapolis, MN 55431

Peak Financial Consulting, Inc by the Numbers

Total Number of Employees

2

National Average: 4,943
Total Number of Accounts

525

National Average: 2,522
Average Account Size

$90.3 thousand

National Average: $1.3 million

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Products and Services

Peak Financial Consulting, Inc provides multiple services, including financial planning services, portfolio management for individuals and small businesses and educational seminars. In the last fiscal year, Peak Financial Consulting, Inc provided 101-250 of its clients with financial planning services. It does sell products or offer services different than investment advice to its clients. The firm is affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer.

Core Advisor Services

  • Offered by 45% 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.

  • Offered by 63% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • 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

  • Find a firm that offers this service

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Find a firm that offers this service

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 10% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Financial management fees largely vary depending on which services are provided. Fee types billed by Peak Financial Consulting, Inc likely include any blend 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 Peak Financial Consulting, Inc. Peak Financial Consulting, Inc has the ability to withdraw its fees directly from customer funds.

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.

  • Offered by 40% of firms

    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.

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 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

Peak Financial Consulting, Inc caters to retail investors and high net worth investors. Out of its 525 customers, Peak Financial Consulting, Inc's largest client is retail investors, although it also serves 10 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 more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are non-U.S. persons.

  • High-Net-Worth Individuals* - 3.69%
  • Other Individuals - 96.31%
  • 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

Peak Financial Consulting, Inc 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