Gradient Securities, LLC (Arden Hills)

Name: Gradient Securities, LLC
Address: 4105 Lexington Avenue N, Arden Hills, MN, 55126
Telephone: 866-991-1539

Gradient Securities, LLC is a large advisory firm based in Arden Hills. It manages $189.87 million of regulatory assets for 2,833 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 44 other states.

Gradient Securities provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gradient Securities: assets under management

The assets under management (AUM) of Gradient Securities, LLC is $189.87 million. The firm's AUM has grown by 1585% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $186.97 million in discretionary accounts and $2.9 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $66.14 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $483.82 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 55% of the total AUM. The second-largest asset type is exchange traded securities, which make up 38% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gradient Securities, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jeffrey Allen Foley serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Jeffrey Allen Foley is individuals with 1,494 clients and $162.73 million of assets under management. Among the 12 most similar advisory firms, Gradient Securities has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $189.87 million for 1,572 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.

Gradient Securities doesn't advise any private funds.

Careers at Gradient Securities, LLC

The company employs 60 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 60 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 receive compensation from other entities for client referrals.

Jeffrey Allen Foley has been acting as President since 1 Aug 2009. Charles David Leflar joined the executive team most recently as the President & Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Tami Jean Lucius	Member	1 Jun 2009	75% - 100%	2371362
Jeffrey Allen Foley	President/managing member	1 Aug 2009	Other	4237174
Nicholas Edward Stovall	Finop	1 Sep 2010	Other	5581487
Klaus Herbert Siepmann	Chief compliance officer	1 Nov 2013	Other	2834847
Charles David Leflar	President & managing member	1 Jul 2017	Other	5236059

Based in Arden Hills

The principal office where Gradient Securities, LLC performs its advisory services is located at 4105 Lexington Avenue N, Arden Hills, MN 55126, which is also the mailing address of the firm. An additional office of the firm is in Plano, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 866-991-1539 or by fax 651-379-8040. The normal business hours are 8 a.m. to 5 p.m. cst on Monday - Friday. You can find more information about the New York firm at gradientfinancialgroup.com/gradient-securities/home.