Piper Heartland Healthcare Capital, LLC

CRD#310044
Investment Advisor Firm

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Learn more about Piper Heartland Healthcare Capital, LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Piper Heartland Healthcare Capital, LLC operates as a financial advisor firm that has its headquarters in Minneapolis, Minnesota. The firm manages $202.6 million in total assets across one customer account, making it a mid-tier firm in the nation by assets under management (AUM). Piper Heartland Healthcare Capital, LLC has a small group, including 4 financial advisors. Piper Heartland Healthcare Capital, LLC is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are tradable financial investments such as equities, bonds and options.

    Piper Heartland Healthcare Capital, LLC manages all of its client assets on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make buy and sell choices without needing to seek the customer's consent. The investment advisory firm oversees an average of $202.6 million for each customer account. The average advisor at Piper Heartland Healthcare Capital, LLC manages fewer than one client account, placing it among the most individualized financial advisor firms in the country.

    The company's headquarters is located at 800 Nicollet Mall, Minneapolis, Minnesota 55402. The company is registered to provide services to investors in the state of Minnesota.

    Assets Under Management

    $202.6 million

    Number of Advisors

    4

    Disclosures

    No

    Office Location

    800 Nicollet Mall
    Minneapolis, MN 55402

    Piper Heartland Healthcare Capital, LLC by the Numbers

    Total Assets Under Management

    $202.6 million

    National Average: $8.6 billion
    Total Number of Employees

    12

    National Average: 64
    Total Number of Accounts

    1

    National Average: 375,227
    Average Account Size

    $202.6 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial advisory fees typically vary depending on which service is provided. However, fees billed by the firm likely are comprised of the following fee types: asset-based or performance-based. The company does not participate in a wrap fee program, in which the company offers a service bundle for a single fee.

    Available

    • Offered by 69% 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 26% of firms

      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.

    Unavailable

    • Find one of the 21% 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 1% 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 0% 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 32% 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 10% 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.

    Back to Overview

    Types of Clients

    The company caters to pooled investment vehicles. Piper Heartland Healthcare Capital, LLC's biggest client group is pooled investment vehicles. None of its accounts are non-U.S. persons.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • 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

    Piper Heartland Healthcare Capital, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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