Northrock Partners, LLC is a large advisory firm based in Minneapolis. It manages $1.29 billion of regulatory assets for 4,113 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Colorado, and 23 other states.
Northrock Partners provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Northrock Partners, LLC is $1.29 billion. The firm's AUM has grown by 54% 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 Northrock Partners, LLC for their services and products based on a percentage of assets under management 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, and corporations or other businesses. The largest group of clients of Northrock Partners is high net worth individuals with 250 clients and $1.1 billion of assets under management. Among the 11 most similar advisory firms, Northrock Partners has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.29 billion for 851 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.
Northrock Partners doesn't advise any private funds.
The company employs 42 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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 receive compensation from other entities for client referrals.
The principal office where Northrock Partners, LLC performs its advisory services is located at 650 Third Avenue South, Minneapolis, MN 55402, which is also the mailing address of the firm. An additional office of the firm is in Renton, WA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (612) 367-8800 or by fax (612) 367-8886. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at northrockpartners.com.