Nepsis, Inc. (Minneapolis)

Name: Nepsis, Inc.
Address: 8674 Eagle Creek Circle, Minneapolis, MN, 55378
Telephone: 952-746-2003

Nepsis, Inc. is a large advisory firm based in Minneapolis. It manages $226.62 million of regulatory assets for 1,881 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Colorado, and 10 other states.

Nepsis provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm also engages as qualified retirement account administration.

Nepsis: assets under management

The assets under management (AUM) of Nepsis, Inc. is $226.62 million. The firm's AUM has gone down by -14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $222.51 million in discretionary accounts and $4.11 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $129.75 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $24.75 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in investment and business development companies form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nepsis, Inc. for their services and products based on a percentage of assets under management, hourly charges, subscription fees, 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.

What kind of clients Nepsis 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 Nepsis is individuals with 771 clients and $140.27 million of assets under management. Among the 8 most similar advisory firms, Nepsis has the 4th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $225.98 million for 813 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.

Nepsis doesn't advise any private funds.

Careers at Nepsis, Inc.

The company employs 17 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 12 employees are registered as investment adviser representatives with the state securities authorities.

There are 15 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Mark William Pearson	President & chief compliance officer	1 Feb 2001	75% - 100%	1620222

Based in Minneapolis

The principal office where Nepsis, Inc. performs its advisory services is located at 8674 Eagle Creek Circle, Minneapolis, MN 55378, which is also the mailing address of the firm. An additional office of the firm is in Poulsbo, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 952-746-2003 or by fax 952-726-2006. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at investingwithclarity.com and its LinkedIn profile.