Rsm Us Wealth Management LLC

CRD#111221
Investment Advisor Firm

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Overview

Rsm Us Wealth Management LLC is a financial advisory company based in Minneapolis, Minnesota. It oversees $5.7 billion in total assets throughout 11,412 customer accounts, making it one of the largest firms in the nation by assets under management (AUM). It has a large group of 116 employees, including 84 financial advisors. Rsm Us Wealth Management LLC is not a registered broker-dealer, meaning the advisor is not able to 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 financial assets like equities, bonds and options.

Rsm Us Wealth Management LLC oversees more than half of the company's client assets in a discretionary manner. Discretionary management means that transaction judgments are made by a portfolio manager without needing to seek client permission. Rsm Us Wealth Management LLC also oversees 855 non-discretionary accounts with a total of $597.3 million in assets. Rsm Us Wealth Management LLC oversees about $498,950 in assets for every customer account. An average financial advisor at Rsm Us Wealth Management LLC manages about 136 client accounts.

The firm's central office is located at 801 Nicollet Mall, Minneapolis, Minnesota 55402-2526. The company is permitted to serve investors throughout 52 U.S. states and territories.

Assets Under Management

$5.7 billion

Number of Advisors

84

Fee Structure

Asset-based, Hourly, Fixed

Disclosures

Yes

Office Location

801 Nicollet Mall
Minneapolis, MN 55402-2526

Rsm Us Wealth Management LLC by the Numbers

Total Assets Under Management

$5.7 billion

National Average: $3.3 billion
Total Number of Employees

116

National Average: 4,943
Total Number of Accounts

11,412

National Average: 2,522
Average Account Size

$499.0 thousand

National Average: $1.3 million

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Products and Services

Rsm Us Wealth Management LLC offers multiple services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and other services. In the past financial year, the company provided 51-100 of its accounts with financial planning services. It does not sell products or offer services aside from investment advisory services to its investment advisory accounts. Rsm Us Wealth Management LLC is also affiliated with a number of other companies in the financial services industry, including with an accountant or accounting firm and insurance company or agency.

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

  • Offered by 23% of firms

    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.

  • Find a firm that offers this service

    Educational Seminars/Workshops

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

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Fee Structure

Fees charged by financial advisors largely are based on the financial services provided. Fee types charged by the firm likely consist of the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Rsm Us Wealth Management LLC.

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 37% of firms

    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.

  • 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 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

The firm does business with a broad range of customers. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 11,412 accounts, Rsm Us Wealth Management LLC's largest client type by number of accounts is high net worth investors, although it also caters to 1,845 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 counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are from outside of the U.S.

  • High-Net-Worth Individuals* - 51.11%
  • Other Individuals - 47.34%
  • Corporations - 1.22%
  • Charitable Organizations - 0.33%

* 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

Rsm Us Wealth Management LLC has disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA