Bergankdv Wealth Management, LLC
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Overview
Bergankdv Wealth Management, LLC is a financial advisory company headquartered in Minneapolis, Minnesota. It manages $2.1 billion in total assets across 2,671 customer accounts, making it one of the largest financial advisory firms in the country by assets under management (AUM). Bergankdv Wealth Management, LLC has a small team, including 19 financial advisors. Bergankdv Wealth Management, LLC does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal investments such as equities, options and bonds.
Bergankdv Wealth Management, LLC administers the majority of its accounts in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make buy and sell decisions without requiring the customer's approval. The firm also oversees 541 non-discretionary accounts with a total of $1.2 billion in AUM. The advisory firm administers an average of $802,182 for each client account. The typical advisor at Bergankdv Wealth Management, LLC manages around 141 client accounts.
The company's main office is at 3800 American Blvd, Minneapolis, Minnesota 55431. The company is legally permitted to serve customers across 14 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Bergankdv Wealth Management, LLC by the Numbers
$2.1 billion
28
2,671
$802.2 thousand
Products and Services
Bergankdv Wealth Management, LLC provides a number of services, including financial planning services, portfolio management for individuals and small businesses, pension consulting services and selection of other advisers. In the prior fiscal year, Bergankdv Wealth Management, LLC provided financial planning services to 251-500 of its accounts. The company is not engaged in selling products or offering services other than investment advisory services to its investment advisory clients. The firm is affiliated with one or more other service providers in the financial services industry, including with an accountant or accounting firm.
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 47% 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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Offered by 21% of firms
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
Financial management fees typically depend on which services the firm provides the client. Fee types billed by the company likely are comprised of the following fee types: asset-based, hourly or fixed. Bergankdv Wealth Management, LLC does not participate in a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
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Offered by 70% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 33% of firms
Fixed
Unavailable
Types of Clients
The firm manages money for a broad range of investors. The firm works with retail investors, high net worth investors, pension plans, charitable organizations, state or municipal government entities, corporations and other. Out of its 2,671 clients, Bergankdv Wealth Management, LLC's largest client type by number of accounts is retail investors, although it also manages money for 301 high-net-worth individuals. A high-net-worth individual is defined by the SEC 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* - 30.97%
- Other Individuals - 54.63%
- Corporations - 14.3%
- Charitable Organizations - 0.1%
* 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
Bergankdv Wealth Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Bergankdv Wealth Management, LLC
Minneapolis, MN
Cedar Rapids, IA
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
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