Total Wealth Advisors, LLC
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Overview
Total Wealth Advisors, LLC is a financial advisor company based in Hopkins, Minnesota. The firm manages $202.4 million in total assets over 723 customer accounts, placing it in the mid-tier of financial advisory firms in the United States by assets under management (AUM). It has a small group, including 4 financial advisors. Total Wealth Advisors, LLC does not act as a registered broker-dealer, signifying that it cannot buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable financial investments like options, stocks and bonds.
Total Wealth Advisors, LLC administers the majority of its client assets on a discretionary basis. Discretionary management signifies that transaction judgments are made by a portfolio manager without requiring the client's permission. Total Wealth Advisors, LLC also administers 18 non-discretionary accounts with a total of $11.3 million in AUM. Total Wealth Advisors, LLC administers about $279,953 for every client account. The average financial advisor at Total Wealth Advisors, LLC oversees around 181 client accounts.
Total Wealth Advisors, LLC's main office is located at 809 Mainstreet, Hopkins, Minnesota 55343. It is legally permitted to serve clients across 5 states, including Arizona, Louisiana, Minnesota, Texas and Wisconsin.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Total Wealth Advisors, LLC by the Numbers
$202.4 million
4
723
$280.0 thousand
Products and Services
Services offered by Total Wealth Advisors, LLC can include financial planning services and portfolio management for individuals and small businesses. In the last financial year, the company provided 11-25 of its accounts with financial planning services. Total Wealth Advisors, LLC does not sell products or offer services other than investment advice to its investment advisory clients.
Core Advisor Services
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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.
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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.
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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.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial advisory services typically vary depending on the services provided. However, fees billed by the firm may include the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the company.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Total Wealth Advisors, LLC works with retail investors, high net worth investors, pension plans and charitable organizations. Out of its 723 clients, Total Wealth Advisors, LLC's biggest client type by number of accounts is retail investors, though it also caters to 59 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 considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are from outside of the U.S.
- High-Net-Worth Individuals* - 21.77%
- Other Individuals - 71.22%
- Corporations - 6.64%
- Charitable Organizations - 0.37%
* 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
Total Wealth Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Total Wealth Advisors, LLC
Hopkins, MN
Hopkins, MN
Hopkins, MN
Hopkins, MN
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