All Star Financial Inc (Minneapolis)


All Star Financial Inc is a large advisory firm based in Minneapolis. It manages $543.79 million of regulatory assets for 1,344 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Minnesota, and 3 other states.

All Star Financial provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

All Star Financial: assets under management

The assets under management (AUM) of All Star Financial Inc is $543.79 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -65% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $543.79 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $404.61 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 57% of the total AUM. The second-largest asset type is exchange traded securities, which make up 26% of the firm’s portfolio. Investments in investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay All Star Financial Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients All Star Financial serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of All Star Financial is high net worth individuals with 126 clients and $291.34 million of assets under management. Among the 12 most similar advisory firms, All Star Financial has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $543.79 million for 503 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.

All Star Financial doesn't advise any private funds.

Careers at All Star Financial Inc

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Robert John Klefsaas President chief compliance officer 1 Aug 1992 75% - 100% 1228990
Maren Ann Aipperspach Chief compliance officer 1 Aug 1992 Other 1681857
Josiah Benjamin Larson Chief compliance officer 1 Sep 2014 Other 6290672

Based in Minneapolis

The principal office where All Star Financial Inc performs its advisory services is located at 3800 American Blvd. West, Minneapolis, MN 55431, 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 952-896-3820 or by fax 952-896-3819. The normal business hours are 8:30 a.m.- 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at allstarfinancial.com.