Lifestage Wealth Management LLC (Minnetonka)

Name: Lifestage Wealth Management LLC
Address: 11100 Wayzata Boulevard, Minnetonka, MN, 55305
Telephone: 763-542-8884

Lifestage Wealth Management LLC is a large advisory firm based in Minnetonka. It manages $133.05 million of regulatory assets for 1,128 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Arizona, Minnesota, and Wisconsin.

Lifestage Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lifestage Wealth Management: assets under management

The assets under management (AUM) of Lifestage Wealth Management LLC is $133.05 million. The firm's AUM has grown by 132% since the beginning of its operation, and $737 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $130.93 million in discretionary accounts and $2.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $131.72 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $15.85 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is investment and business development companies, which make up 44% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lifestage Wealth Management LLC for their services and products based on a percentage of assets under management. 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 Lifestage Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lifestage Wealth Management is individuals with 384 clients and $96.86 million of assets under management. Among the 10 most similar advisory firms, Lifestage Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $133.05 million for 413 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Lifestage Wealth Management doesn't advise any private funds.

Careers at Lifestage Wealth Management LLC

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bruce Cameron Kuehl	President and chief compliance officer	1 Feb 2004	75% - 100%	1799517

Based in Minnetonka

The principal office where Lifestage Wealth Management LLC performs its advisory services is located at 11100 Wayzata Boulevard, Minnetonka, MN 55305, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 763-542-8884 or by fax 763-542-8821. The normal business hours are 8:30 a.m. to 5:00 p.m. (cst) on Monday - Friday. You can find more information about the New York firm at lifestagewealth.com.