S3, Inc

CRD#108401
Investment Advisor Firm

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Overview

S3, Inc is a financial advisor company based in Minneapolis, Minnesota. The firm oversees $48.4 million in assets under management throughout 166 customer accounts. It has a small group of three employees, of which 1 is a financial advisor. S3, Inc does not act as a registered broker-dealer, meaning the firm is not able to buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal investments like bonds, options and equities.

S3, Inc administers most of the firm's client assets on a discretionary basis. Discretionary management means that an investment advisor makes transaction choices for the client's account without needing the customer's approval. The firm also administers one non-discretionary accounts totaling $1.1 million in assets under management. The advisory firm manages an average of $291,668 for every customer account. The average advisor at S3, Inc manages about 166 client accounts.

The firm's main office is located at 5402 Parkdale Drive, Minneapolis, Minnesota 55416. S3, Inc is registered to serve clients in the state of Minnesota.

Assets Under Management

$48.4 million

Number of Advisors

1

Fee Structure

Asset-based, Hourly

Disclosures

No

Office Location

5402 Parkdale Drive
Minneapolis, MN 55416

S3, Inc by the Numbers

Total Assets Under Management

$48.4 million

National Average: $3.3 billion
Total Number of Employees

3

National Average: 4,943
Total Number of Accounts

166

National Average: 2,522
Average Account Size

$291.7 thousand

National Average: $1.3 million

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Fee Structure

Fees charged by financial advisors typically vary depending on the services offered. However, fee types billed by S3, Inc likely include some blend of the following fee types: asset-based or hourly. The company does not provide a wrap fee program, in which the company offers a service bundle for a single fee. The company can withdraw the fees directly from customer accounts.

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.

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 40% 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 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

It provides services to retail investors, high net worth investors and charitable organizations. Out of its 166 customers, S3, Inc's biggest client by number of accounts is retail investors, but it also serves seven high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor 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). About 16% of its clients are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 14%
  • Other Individuals - 84%
  • Corporations - 0%
  • Charitable Organizations - 2%

* 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

S3, 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