Fbd Asset Mgmt
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Overview
Fbd Asset Mgmt operates as a financial advisory firm that has its headquarters in Minneapolis, Minnesota. The firm controls $34.0 million in assets over 64 client accounts. Fbd Asset Mgmt has a small team, including 1 financial advisor. Fbd Asset Mgmt is not a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets such as bonds, equities and options.
Fbd Asset Mgmt manages all of its accounts in a discretionary manner. Discretionary management signifies that transaction decisions are made by a portfolio manager without requiring the client's authorization. The firm manages roughly $531,532 for each customer account. The typical advisor at Fbd Asset Mgmt administers around 64 client accounts, making it about average in terms of personalization.
The firm's main office is at 7760 France Avenue South. Suite 950, Minneapolis, Minnesota 55435. The company is legally allowed to provide services to investors in the state of Minnesota.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Fbd Asset Mgmt by the Numbers
$34.0 million
1
64
$531.5 thousand
Fee Structure
Fees for financial advisory services vary depending on which services are provided. However, fees charged by Fbd Asset Mgmt typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Fbd Asset Mgmt.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company caters to retail investors, high net worth investors, charitable organizations and corporations. Out of its 64 customers, Fbd Asset Mgmt's biggest client type by number of accounts is retail investors, but it also serves 12 high-net-worth individuals. The SEC defines a high-net-worth individual 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 clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 18.75%
- Other Individuals - 65.62%
- Corporations - 12.5%
- Charitable Organizations - 3.12%
* 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
Fbd Asset Mgmt does not have any disclosures.
Please visit its Form ADV for more details.
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