Landaas & Company

CRD#47487
Investment Advisor Firm

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Learn more about Landaas & Company

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

    • Overview

    Landaas & Company is a financial advisory firm located in Milwaukee, Wisconsin. It oversees $1.3 billion in assets across 3,892 client accounts, placing it among the biggest investment advisory firms in the nation by assets under management (AUM). It has a small team, including 19 financial advisors. Landaas & Company does not act as a registered broker-dealer, signifying that the firm cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial assets like equities, bonds and options.

    Landaas & Company administers the majority of the firm's accounts on a discretionary basis. Discretionary management means that a portfolio manager has the discretion to make buy and sell choices without requiring the customer's permission. The company also manages 184 non-discretionary accounts with a total of $86.9 million in assets under management. The investment advisory firm supervises about $342,774 in assets for every customer account. An average advisor at Landaas & Company administers about 205 client accounts.

    The company's headquarters is located at 411 E Wisconsin Ave, Milwaukee, Wisconsin 53202. It is legally allowed to serve investors across 21 U.S. states and territories.

    Assets Under Management

    $1.3 billion

    Number of Advisors

    19

    Disclosures

    No

    Office Location

    411 E Wisconsin Ave
    Milwaukee, WI 53202

    Landaas & Company by the Numbers

    Total Assets Under Management

    $1.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    29

    National Average: 64
    Total Number of Accounts

    3,892

    National Average: 375,227
    Average Account Size

    $342.8 thousand

    National Average: $23.0 thousand
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    Products and Services

    Landaas & Company provides a number of services, including financial planning services, portfolio management for individuals and small businesses and other services. In the past financial year, it provided financial planning services to 1500 of its accounts. It is involved in selling products or offering services different than investment advisory services to its clients.

    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

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    Fee Structure

    Financial management fees vary depending on which service is provided. However, fee types billed by Landaas & Company likely are comprised of some blend of the following fee structures: asset-based or hourly. Landaas & Company does not participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

    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 21% of firms

      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.

    Unavailable

    • 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 32% of firms that offer this fee type

      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.

    • 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 company provides services to retail investors and high net worth investors. Out of its 3,892 accounts, Landaas & Company's largest client type is retail investors, though it also manages money for 704 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 counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of its accounts are from outside of the U.S.

    • High-Net-Worth Individuals* - 40.74%
    • Other Individuals - 59.26%
    • Corporations - 0%
    • 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

    Landaas & Company does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Landaas & Company

    David Sandstrom
    Milwaukee, WI
    Thomas Pappenfus
    Milwaukee, WI
    Michael Hoelzl
    Milwaukee, WI
    John Sandstrom
    Milwaukee, WI
    Kendall Bauer
    Milwaukee, WI
    Robyn Abel
    Milwaukee, WI
    Lauren Neese
    Milwaukee, WI
    Thomas Booth
    Milwaukee, WI
    Alexis Brown
    Milwaukee, WI

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