Schwarz Dygos Wheeler Investment Advisors LLC

CRD#147384
Investment Advisor Firm

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Overview

Schwarz Dygos Wheeler Investment Advisors LLC operates as an advisory company based in Minneapolis, Minnesota. The firm manages $445.3 million in assets under management across 1,819 customer accounts, placing it among the larger financial advisory firms in the nation by assets under management (AUM). The firm has a small team, including 8 financial advisors. Schwarz Dygos Wheeler Investment Advisors LLC is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are defined as tradable financial assets like stocks, bonds and options.

Schwarz Dygos Wheeler Investment Advisors LLC manages the majority of its client assets on a discretionary basis. Discretionary management means that a portfolio manager has the discretion to make transaction decisions without needing the client's approval. The firm also manages 29 non-discretionary accounts with a total of $12.4 million in AUM. The investment advisory firm's average account size is $244,789. The average financial advisor at Schwarz Dygos Wheeler Investment Advisors LLC administers about 227 client accounts.

The company's main office is located at 50 South 6Th Street, Suite 1405, Minneapolis, Minnesota 55402. Schwarz Dygos Wheeler Investment Advisors LLC is legally allowed to provide services to clients across a number of states, including California, Colorado, Florida, Illinois, Minnesota, Texas and Wisconsin.

Assets Under Management

$445.3 million

Number of Advisors

8

Disclosures

No

Office Location

50 South 6Th Street, Suite 1405
Minneapolis, MN 55402

Schwarz Dygos Wheeler Investment Advisors LLC by the Numbers

Total Assets Under Management

$445.3 million

National Average: $8.6 billion
Total Number of Employees

10

National Average: 64
Total Number of Accounts

1,819

National Average: 375,227
Average Account Size

$244.8 thousand

National Average: $23.0 thousand
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Products and Services

Schwarz Dygos Wheeler Investment Advisors LLC provides a variety of financial services, including financial planning services, portfolio management for individuals and small businesses and portfolio management for institutional clients. In the past fiscal year, the firm provided financial planning services to 251-500 of its clients. Schwarz Dygos Wheeler Investment Advisors LLC does not sell products or offer services aside from investment advisory services to its investment advisory clients.

Core Advisor Services

  • 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.

  • 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.

  • 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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Fee Structure

Financial management fees depend on which service is provided. Fees billed by the firm most likely include the following fee types: asset-based, hourly or fixed. Schwarz Dygos Wheeler Investment Advisors LLC does not provide a wrap fee program, in which the company offers a bundle of services for a comprehensive 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 21% 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 32% 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 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 26% 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 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 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.

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Types of Clients

The firm caters to retail investors, high net worth investors and charitable organizations. Out of its 1,819 clients, Schwarz Dygos Wheeler Investment Advisors LLC's largest client is retail investors, but it also serves 134 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM 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). None of the company's clients are from outside of the U.S.

  • High-Net-Worth Individuals* - 27.24%
  • Other Individuals - 72.56%
  • Corporations - 0%
  • Charitable Organizations - 0.2%

* 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

Schwarz Dygos Wheeler Investment Advisors LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Schwarz Dygos Wheeler Investment Advisors LLC

Hayden Thom
Minneapolis, MN
Brennan Skon
Minneapolis, MN
Jon Hogan
Minneapolis, MN
Paul Wilson
Minneapolis, MN
David Stefl
Minneapolis, MN
Joseph Schwarz
Minneapolis, MN
Stephen Dygos
Minneapolis, MN
Benjamin Wheeler
Minneapolis, MN

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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