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.
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 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.
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.
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.
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.