Thomas Leo Advisory, LLC

CRD#159271
Investment Advisor Firm

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Overview

Thomas Leo Advisory, LLC operates as a financial advisor firm based in Minneapolis, Minnesota. The company handles $99.9 million in total assets across 311 accounts. The firm has a small team of two employees, all of whom are financial advisors. Thomas Leo Advisory, LLC does not act as a registered broker-dealer, signifying that it cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable financial investments such as options, bonds and equities.

Thomas Leo Advisory, LLC manages the majority of its accounts in a discretionary manner. Discretionary management means that transaction choices for the client's account are made by a portfolio manager without needing the client's consent. Thomas Leo Advisory, LLC also has 11 non-discretionary accounts with a total of $3.0 million in assets. The firm's average account size is $321,360. An average advisor at Thomas Leo Advisory, LLC manages about 156 client accounts.

The firm's main office is located at 4Th Floor, 1330 Lagoon Avenue, Minneapolis, Minnesota 55408. It is allowed to provide services to clients in the state of Minnesota.

Assets Under Management

$99.9 million

Number of Advisors

2

Fee Structure

Asset-based, Hourly, Fixed

Disclosures

No

Office Location

4Th Floor, 1330 Lagoon Avenue
Minneapolis, MN 55408

Thomas Leo Advisory, LLC by the Numbers

Total Assets Under Management

$99.9 million

National Average: $3.3 billion
Total Number of Employees

2

National Average: 4,943
Total Number of Accounts

311

National Average: 2,522
Average Account Size

$321.4 thousand

National Average: $1.3 million

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Products and Services

Thomas Leo Advisory, LLC provides a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses and other services. Notably, Thomas Leo Advisory, LLC did not provide financial planning services to any of its customers in the previous fiscal year. The firm is not involved in selling products or offering services apart from investment advisory services to its investment advisory accounts.

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

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Fee Structure

A financial advisor's fees largely depend on which services the firm provides the client. Fee types billed by the firm can consist of some blend of the following fee types: asset-based, hourly or fixed. The firm does not provide a wrap fee program, in which the firm offers a bundle of services for a single fee.

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 company provides services to retail investors and high net worth investors. Out of its 311 clients, Thomas Leo Advisory, LLC's biggest client type by number of accounts is retail investors, although it also manages money for 16 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of more than $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 accounts reside abroad.

  • High-Net-Worth Individuals* - 14.68%
  • Other Individuals - 85.32%
  • Corporations - 0%
  • 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

Thomas Leo Advisory, LLC 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