Bergankdv Wealth Management, LLC
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Overview
Bergankdv Wealth Management, LLC is an advisory company located in Minneapolis, Minnesota. It manages $2.1 billion in assets throughout 2,977 accounts, making it one of the largest financial advisory firms in the country by assets under management (AUM). It has a small group, including 23 financial advisors. Bergankdv Wealth Management, LLC does not act as a registered broker-dealer, signifying that the company is not able to 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 fiscal investments such as options, bonds and equities.
Bergankdv Wealth Management, LLC oversees 2,379 of the company's client assets on a discretionary basis. Discretionary management signifies that buy and sell choices for the client's account are made by a portfolio manager without requiring the client's authorization. The firm also has 598 non-discretionary accounts totaling $1.1 billion in AUM. Bergankdv Wealth Management, LLC's typical account size is $698,848. The average financial advisor at Bergankdv Wealth Management, LLC oversees about 129 client accounts.
The firm's main office is at 3800 American Blvd, Minneapolis, Minnesota 55431. The company is permitted to serve investors throughout 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

33

2,977

$698.8 thousand
Products and Services
Bergankdv Wealth Management, LLC offers a variety 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, the firm provided 251-500 of its clients with financial planning services. It does not sell products or offer services apart from investment advisory services to its investment advisory accounts. Bergankdv Wealth Management, LLC also has a number of financial industry affiliations, 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 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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Offered by 20% 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
Fees charged by financial advisors usually vary depending on which services the firm provides the client. Fee types billed by the firm likely include some combination of the following fee types: asset-based, hourly or fixed. The firm does not participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Bergankdv Wealth Management, LLC does business with a broad range of clients. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, state or municipal government entities, corporations and other. Out of its 2,977 accounts, Bergankdv Wealth Management, LLC's largest client type by number of accounts is retail investors, but it also manages money for 347 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM 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 customers are from outside of the U.S.
- High-Net-Worth Individuals* - 32.61%
- Other Individuals - 50.56%
- Corporations - 16.73%
- Charitable Organizations - 0.09%
* 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
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
Minneapolis, MN
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