Wheeler Retirement Plans LLC

CRD#327889
Investment Advisor Firm

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Learn more about Wheeler Retirement Plans LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Wheeler Retirement Plans LLC is located at 324 West Superior Street, Duluth, MN. The firm employs 1 financial advisor to manage client portfolios and provide financial guidance. Wheeler Retirement Plans LLC is not a registered broker-dealer.

    Wheeler Retirement Plans LLC oversees $313.0 million in assets under management across 65 accounts, all of which are discretionary. The services offered include portfolio management for institutional clients, pension consulting services, and educational seminars. The firm caters to corporations, with corporations being the largest client type by accounts. The fee structure at Wheeler Retirement Plans LLC includes asset-based and fixed fees.

    Wheeler Retirement Plans LLC is registered in the state of Minnesota.

    Assets Under Management

    $313.0 million

    Number of Advisors

    1

    Disclosures

    No

    Office Location

    324 West Superior Street
    Duluth, MN 55802

    Wheeler Retirement Plans LLC by the Numbers

    Total Assets Under Management

    $313.0 million

    National Average: $8.6 billion
    Total Number of Employees

    1

    National Average: 64
    Total Number of Accounts

    65

    National Average: 375,227
    Average Account Size

    $4.8 million

    National Average: $23.0 thousand
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    Products and Services

    Wheeler Retirement Plans LLC provides a variety of services, including portfolio management for institutional clients, pension consulting services, and educational seminars. Notably, Wheeler Retirement Plans LLC did not provide any of its customers with financial planning services in the last fiscal year. The Company does not sell products or offer services aside from investment advice to its investment advisory clients.

    Core Advisor Services

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      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 6% 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

    A financial advisor's fees largely depend on the financial services offered. Fees billed by Wheeler Retirement Plans LLC most likely include any combination of the following fee types: asset-based or fixed.

    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 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 21% of firms that offer this fee type

      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.

    • 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 works with corporations. Wheeler Retirement Plans LLC's largest client group by number of accounts is corporations.

    • 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

    Wheeler Retirement Plans LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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