Schwarz Dygos Wheeler Investment Advisors LLC (Minneapolis)

Name: Schwarz Dygos Wheeler Investment Advisors LLC
Address: 50 South 6 Th Street, Suite 1405, Minneapolis, MN, 55402
Telephone: (612) 355 - 4360

Schwarz Dygos Wheeler Investment Advisors LLC is a large advisory firm based in Minneapolis. It manages $271.41 million of regulatory assets for 1,372 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Colorado, Florida, and 5 other states.

Schwarz Dygos Wheeler Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Schwarz Dygos Wheeler Investment Advisors: assets under management

The assets under management (AUM) of Schwarz Dygos Wheeler Investment Advisors LLC is $271.41 million. The firm's AUM has grown by 754% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $264.12 million in discretionary accounts and $7.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $196.37 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $269.97 thousand.

Schwarz Dygos Wheeler Investment Advisors has custody of $91.4 million in cash and securities for 175 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 46% of the total AUM. The second-largest asset type is exchange traded securities, which make up 40% of the firm’s portfolio. Investments in government bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Schwarz Dygos Wheeler Investment Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Schwarz Dygos Wheeler Investment Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Schwarz Dygos Wheeler Investment Advisors is high net worth individuals with 83 clients and $175.04 million of assets under management. Among the 9 most similar advisory firms, Schwarz Dygos Wheeler Investment Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $271.41 million for 268 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Schwarz Dygos Wheeler Investment Advisors doesn't advise any private funds.

Careers at Schwarz Dygos Wheeler Investment Advisors LLC

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph William Schwarz	Managing member	1 Jul 2008	25% - 50%	2633754
Benjamin Jackson Wheeler	Managing member/chief compliance officer	1 Jul 2008	25% - 50%	4583725
Stephen John Dygos	Managing member	1 Jul 2008	25% - 50%	3273752
Stephen J Dygos	Managing member	1 Jul 2008	25% - 50%	3273752

Based in Minneapolis

The principal office where Schwarz Dygos Wheeler Investment Advisors LLC performs its advisory services is located at 50 South 6 Th Street, Suite 1405, Minneapolis, MN 55402, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (612) 355 - 4360 or by fax (612) 355 - 4361. The normal business hours are 8:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at sdwia.com.