Devenir Investment Advisors, LLC (Minneapolis)

Name: Devenir Investment Advisors, LLC
Address: 8500 Normandale Lake Blvd, Minneapolis, MN, 55437
Telephone: 952-446-7400

Devenir Investment Advisors, LLC is a large advisory firm based in Minneapolis. It manages $4.2 billion of regulatory assets for 40 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Minnesota.

Devenir Investment Advisors provides portfolio management for businesses and institutional clients and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Devenir Investment Advisors: assets under management

The assets under management (AUM) of Devenir Investment Advisors, LLC is $4.2 billion. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Devenir Investment Advisors, 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.

What kind of clients Eric John Remjeske serves?

The firm provides services to insurance companies and banking or thrift institutions. The largest group of clients of Eric John Remjeske is banking or thrift institutions with 37 clients and $4 billion of assets under management. Among the 10 most similar advisory firms, Devenir Investment Advisors has the highest percentage of banking or thrift institutions out of all clients.

The amount of regulatory assets under management is $4.2 billion for 40 clients. None of the firm’s clients are foreign persons or businesses.

Devenir Investment Advisors doesn't advise any private funds.

Careers at Devenir Investment Advisors, LLC

The company employs 10 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 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.

Eric John Remjeske has been acting as President since 1 Dec 2005. Llc Devenir Group joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Devenir Group	Member	1 Jul 2004	75% - 100%	32-0050054
Eric John Remjeske	President/chief compliance officer	1 Dec 2005	Other	2414214

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Eric John Remjeske	Managing member	1 Feb 2003	75% - 100%	2414214

Based in Minneapolis

The principal office where Devenir Investment Advisors, LLC performs its advisory services is located at 8500 Normandale Lake Blvd, Minneapolis, MN 55437, 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 952-446-7400 or by fax 952-345-0310. The normal business hours are 8:00-5:00 central on Monday - Friday. You can find more information about the New York firm at devenir.com.