Mhs Advisory Services, LLC (Maple Grove)

Mhs Advisory Services, LLC is a large advisory firm based in Maple Grove. It manages $128.62 million of regulatory assets for 958 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California and Minnesota.

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

Mhs Advisory Services: assets under management

The assets under management (AUM) of Mhs Advisory Services, LLC is $128.62 million. The firm's AUM has gone down by -42% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $89.04 million in discretionary accounts and $39.58 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $133.49 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $136.01 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mhs Advisory Services, 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 Mhs Advisory Services serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mhs Advisory Services is individuals with 214 clients and $65.41 million of assets under management. Among the 9 most similar advisory firms, Mhs Advisory Services has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $128.62 million for 257 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.

Mhs Advisory Services doesn't advise any private funds.

Careers at Mhs Advisory Services, LLC

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 6 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 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
Llc Mhs Advisory Group	Managing member	1 Jan 2015	75% - 100%	47-2306223
Thomas Ralph Hokr	Chief compliance officer	1 Jan 2015	Other	1194034

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
John Christopher Sherwin	Managing member	1 Jan 2015	50% - 75%	4447546

Based in Maple Grove

The principal office where Mhs Advisory Services, LLC performs its advisory services is located at 11330 86 Th Avenue North, Maple Grove, MN 55369, which is also the mailing address of the firm. An additional office of the firm is in Minnetonka, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 952-541-9201 or by fax 952-400-4900. The normal business hours are 8:00 am to 4:30 pm on Monday - Friday.