Vestment Financial LLC (Chanhassen)

Name: Vestment Financial LLC
Address: 7935 Stone Creek Drive, Suite 120, Chanhassen, MN, 55317
Telephone: 888-256-6855

Vestment Financial LLC is a multi-state adviser based in Chanhassen. It manages $55.63 million of regulatory assets for 1,518 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California, Connecticut, Louisiana, and 12 other states.

Vestment Financial provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Vestment Financial: assets under management

The assets under management (AUM) of Vestment Financial LLC is $55.63 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $55.63 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $36.65 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 98% of the total AUM. The second-largest asset type is exchange traded securities, which make up 1% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Vestment Financial LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Vestment Financial serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Vestment Financial is individuals with 271 clients and $39.6 million of assets under management. Among the 2 most similar advisory firms, Vestment Financial has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $55.63 million for 286 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.

Vestment Financial doesn't advise any private funds.

Careers at Vestment Financial LLC

The company employs 9 people that are either part- or full-time employees. 33 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.

Vestment Financial LLC is owned by Katherine Kammerzell Vessenes. Joshua Bradford Lantz has served as the Chief Investment Officer since 1 May 2019.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Katherine Kammerzell Vessenes	Owner/ceo/cco	1 Aug 2013	75% - 100%	1320580
Joshua Bradford Lantz	Chief investment officer	1 May 2019	Other	4974172

Based in Chanhassen

The principal office where Vestment Financial LLC performs its advisory services is located at 7935 Stone Creek Drive, Suite 120, Chanhassen, MN 55317, which is also the mailing address of the firm. An additional office of the firm is in Providence, RI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888-256-6855 or by fax 888-394-5339. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at mdfinancialadvisors.com.