Usadvisors Wealth Management, LLC (Eden Prairie)

Name: Usadvisors Wealth Management, LLC
Address: 15750 Venture Lane, Eden Prairie, MN, 55344
Telephone: 952-829-0000

Usadvisors Wealth Management, LLC is a large advisory firm based in Eden Prairie. It manages $177.23 million of regulatory assets for 1,215 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Arizona, California, District of Columbia, and 29 other states.

Usadvisors Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Usadvisors Wealth Management: assets under management

The assets under management (AUM) of Usadvisors Wealth Management, LLC is $177.23 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 150% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $177.23 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $145.87 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 81% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 12% of the firm’s portfolio. Investments in exchange traded securities form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Usadvisors Wealth Management, 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 Philip Carl Simensen serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Philip Carl Simensen is individuals with 1,219 clients and $155.53 million of assets under management. Among the 7 most similar advisory firms, Usadvisors Wealth Management has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $169.96 million for 1,228 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.

Usadvisors Wealth Management doesn't advise any private funds.

Careers at Usadvisors Wealth Management, LLC

The company employs 23 people that are either part- or full-time employees. 87 percent of the employees work as investment advisers or researchers. 20 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.

Philip Carl Simensen has been acting as President since 1 Jun 2013. Andrew Edward Beilke joined the executive team most recently as the Chief Compliance Officer And Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nathan Daniel Bergeland	Managing member and chief compliance officer	1 Jan 2010	75% - 100%	723658
Joanne (Nmn) Rogers	Chief compliance officer	1 Jan 2010	Other	1274531
Joanne Rogers	Chief compliance officer	1 Jan 2010	Other	1274531
James Robert Eads	Chief operating officer	1 Jun 2011	Other	841978
Michael John Shovein	Chief compliance officer	1 Jan 2012	Other	834757
Nancy Lea Koestler	President & chief compliance officer	1 Dec 2012	Other	3031555
Philip Carl Simensen	President	1 Jun 2013	Other	1057008
Andrew Edward Beilke	Chief compliance officer and chief operating officer	1 Jan 2016	Other	5672444
Andrew E Beilke	Chief compliance officer and chief operating officer	1 Jan 2016	Other	5672444

Based in Eden Prairie

The principal office where Usadvisors Wealth Management, LLC performs its advisory services is located at 15750 Venture Lane, Eden Prairie, MN 55344, which is also the mailing address of the firm. An additional office of the firm is in Oakton, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 952-829-0000 or by fax 952-829-5555. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at usadvisorsnetwork.com.