Locorr Fund Management, LLC (Excelsior)

Name: Locorr Fund Management, LLC
Address: 687 Excelsior Blvd, Excelsior, MN, 55331
Telephone: 952-767-2920

Locorr Fund Management, LLC is a large advisory firm based in Excelsior. It manages $1.3 billion of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of Minnesota.

Locorr Fund Management provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Locorr Fund Management: assets under management

The assets under management (AUM) of Locorr Fund Management, LLC is $1.3 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 541% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.3 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.3 billion each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Locorr Fund Management, LLC for their services and products based on a percentage of assets under management. 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 Locorr Fund Management serves?

The only and largest group of clients of Locorr Fund Management is investment companies with 1 clients and $1.3 billion of assets under management. Among the 4 most similar advisory firms, Locorr Fund Management has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $1.3 billion for 1 clients. None of the firm’s clients are foreign persons or businesses.

Locorr Fund Management doesn't advise any private funds.

Careers at Locorr Fund Management, LLC

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. No 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
Kevin Michael Kinzie	Ceo	1 Nov 2010	Other	4384324
Jon Chadwick Essen	Chief compliance officer	1 Nov 2010	Other	2469593
Llc Octavus Group	Owner	1 Nov 2010	75% - 100%	27-0024507
Ann Marie Senne	Coo	1 Feb 2016	Other	2515669
Jason William Roeske	Cco	1 Sep 2017	Other	2216669

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Kevin Michael Kinzie	Manager	1 Aug 2002	25% - 50%	4384324
Jon Chadwick Essen	Manager	1 Apr 2008	Other	2469593

Based in Excelsior

The principal office where Locorr Fund Management, LLC performs its advisory services is located at 687 Excelsior Blvd, Excelsior, MN 55331, 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 952-767-2920 or by fax 952-767-2926. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at locorrfundmanagement.com.