Bgm Trunorth Wealth Partners, LLC (Bloomington)


Bgm Trunorth Wealth Partners, LLC is a large advisory firm based in Bloomington. It manages $322.2 million of regulatory assets for 746 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Florida, and 5 other states.

Bgm Trunorth Wealth Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and investment consultations. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bgm Trunorth Wealth Partners: assets under management

The assets under management (AUM) of Bgm Trunorth Wealth Partners, LLC is $322.2 million. The firm's AUM has gone down by -38% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $301.28 million in discretionary accounts and $20.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $444.37 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $307.62 thousand.
Bgm Trunorth Wealth Partners has custody of $20.6 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bgm Trunorth Wealth Partners, LLC 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.

Careers at Bgm Trunorth Wealth Partners, LLC

Jon Thomas Meyer joined the executive team most recently as the Chief Operating Officer/Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc Bgm Holdings Member 1 Oct 1996 25% - 50% 41-1765929
Daniel Alphonse Boeckermann Boardmember 1 Oct 1996 Other 2803677
Jon Thomas Meyer Chief operating officer/chief compliance officer 1 Jun 1999 Other 2405548
Peter Jon Rekstad Chief executive officer 1 Dec 2013 25% - 50% 2016409

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Daniel Alphonse Boeckermann Member 1 Apr 1982 25% - 50% 2803677
Bradley Eugene Mayer Member 1 Oct 1992 25% - 50% 4388512
James Allen Grafstrom Member 1 Oct 1992 25% - 50% 4388513

Based in Bloomington

The principal office where Bgm Trunorth Wealth Partners, LLC performs its advisory services is located at 4470 West 78 Th St. Circle, Bloomington, MN 55435, 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 952-844-2500 or by fax 952-844-2525. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at bgmtrunorth.com.

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