Usadvisors Wealth Management, LLC is a large advisory firm based in Eden Prairie. It manages $177.23 million of regulatory assets for 1,215 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Arizona, California, District of Columbia, and 29 other states.
Usadvisors Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Usadvisors Wealth Management, LLC is $177.23 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 150% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Usadvisors Wealth Management, 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Philip Carl Simensen is individuals with 1,219 clients and $155.53 million of assets under management. Among the 7 most similar advisory firms, Usadvisors Wealth Management has the 3rd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $169.96 million for 1,228 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.
Usadvisors Wealth Management doesn't advise any private funds.
The company employs 23 people that are either part- or full-time employees. 87 percent of the employees work as investment advisers or researchers. 20 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.
Philip Carl Simensen has been acting as President since 1 Jun 2013. Andrew Edward Beilke joined the executive team most recently as the Chief Compliance Officer And Chief Operating Officer.
The principal office where Usadvisors Wealth Management, LLC performs its advisory services is located at 15750 Venture Lane, Eden Prairie, MN 55344, which is also the mailing address of the firm. An additional office of the firm is in Oakton, VA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 952-829-0000 or by fax 952-829-5555. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at usadvisorsnetwork.com.