Redhawk Wealth Advisors, Inc

CRD#146616
Investment Advisor Firm

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Learn more about Redhawk Wealth Advisors, Inc

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

    • Overview

    Redhawk Wealth Advisors, Inc is an advisory company headquartered in Minneapolis, Minnesota. It controls $1.2 billion in assets under management throughout 3,736 client accounts, placing it among the bigger financial advisory firms in the United States by assets under management (AUM). The company has an average-sized team, including 35 financial advisors. Redhawk Wealth Advisors, Inc is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal assets such as bonds, equities and options.

    Redhawk Wealth Advisors, Inc manages all of the firm's client assets on a discretionary basis. Discretionary management is a structure in which an investment advisor makes buy and sell choices without needing the client's consent. Redhawk Wealth Advisors, Inc oversees roughly $323,738 for each customer account. The typical advisor at Redhawk Wealth Advisors, Inc administers about 107 client accounts.

    Redhawk Wealth Advisors, Inc's headquarters is at 8500 Normandale Lake Blvd, Minneapolis, Minnesota 55437. It is legally permitted to provide services to customers across 39 U.S. states and territories.

    Assets Under Management

    $1.2 billion

    Number of Advisors

    35

    Disclosures

    No

    Office Location

    8500 Normandale Lake Blvd
    Minneapolis, MN 55437

    Redhawk Wealth Advisors, Inc by the Numbers

    Total Assets Under Management

    $1.2 billion

    National Average: $8.6 billion
    Total Number of Employees

    43

    National Average: 64
    Total Number of Accounts

    3,736

    National Average: 375,227
    Average Account Size

    $323.7 thousand

    National Average: $23.0 thousand
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    Products and Services

    Redhawk Wealth Advisors, Inc offers a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses, pension consulting services and selection of other advisers. In the prior financial year, Redhawk Wealth Advisors, Inc provided financial planning services to 1-10 of its customers. Redhawk Wealth Advisors, Inc does sell products or offer services different than investment advice to its clients. The firm is also affiliated with a number of other companies in the financial services industry, including with an accountant or accounting firm.

    Core Advisor Services

    • 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.

    • 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.

    • 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

    • 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.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees charged by financial advisors largely vary depending on which services the firm provides the client. However, fees billed by Redhawk Wealth Advisors, Inc most likely consist of the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.

    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

    It provides services to retail investors, high net worth investors, pension plans and insurance companies. Out of its 3,736 customers, Redhawk Wealth Advisors, Inc's biggest client group by number of accounts is retail investors, although it also serves 116 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are from outside of the U.S.

    • High-Net-Worth Individuals* - 5.35%
    • Other Individuals - 85.7%
    • Corporations - 8.95%
    • 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

    Redhawk Wealth Advisors, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Redhawk Wealth Advisors, Inc

    Kurtis Polacek
    Hamilton, OH
    Nathan Willis
    Aurora, CO
    Steven Roeth
    Las Vegas, NV
    Bernard Bedell
    Brighton, MI
    Casey Mccurdy
    Minneapolis, MN
    Evan Kramlich
    Littleton, CO
    John Lowry
    Langhorne, PA
    Aaron Patten
    Valparaiso, IN
    Kristina Gambino
    Ware, MA

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    The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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