Stiles Financial Services, Inc

CRD#117023
Investment Advisor Firm

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Overview

Stiles Financial Services, Inc is an advisory firm headquartered in Minneapolis, Minnesota. Stiles Financial Services, Inc manages $2.2 million in total assets throughout four client accounts. Stiles Financial Services, Inc has a small team of six employees, including three financial advisors. Stiles Financial Services, Inc is not a registered broker-dealer, signifying that it cannot buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets like equities, bonds and options.

Stiles Financial Services, Inc manages all of the firm's client assets in a discretionary manner. Discretionary management means that transaction decisions for the client's account are made by an investment advisor without requiring client consent. The firm administers roughly $547,514 in assets for every account. The average financial advisor at Stiles Financial Services, Inc manages about one client account, placing it among the most personalized advisor firms in the country.

The firm's central office is at 6550 York Avenue South, Minneapolis, Minnesota 55435. It is registered to provide services to customers in the state of Minnesota.

Number of Advisors

3

Disclosures

No

Office Location

6550 York Avenue South
Minneapolis, MN 55435

Stiles Financial Services, Inc by the Numbers

Total Number of Employees

6

National Average: 4,943
Total Number of Accounts

4

National Average: 2,522
Average Account Size

$547.5 thousand

National Average: $1.3 million

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Products and Services

Stiles Financial Services, Inc offers a variety of services, which can consist of financial planning services, pension consulting services and educational seminars. In the last fiscal year, Stiles Financial Services, Inc provided 1-10 of its accounts with financial planning services. Stiles Financial Services, Inc does sell products or offer services apart from investment advisory services to its customers.

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.

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    Portfolio Management

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

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    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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    Selection of Other Advisors

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

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    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 are based on the type of financial services offered. However, fees charged by the firm can consist of the following fee types: hourly, fixed, commission-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Stiles Financial Services, Inc.

Available

  • 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 3% of firms

    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.

  • 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.

  • Offered by 12% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • Find one of the 75% of firms that offer this fee type

    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.

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    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.

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Types of Clients

Stiles Financial Services, Inc provides services to pension plans. Out of its four accounts, Stiles Financial Services, Inc's largest client is pension plans. None of its accounts are represented by 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

Stiles Financial Services, 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