Mairs And Power Inc (St. Paul)

Name: Mairs And Power Inc
Address: 332 Minnesota Street, St. Paul, MN, 55101 1363
Telephone: 651-222-8478

Mairs And Power Inc is a large advisory firm based in St. Paul. It manages $8.6 billion of regulatory assets for 1,348 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 11 other states.

Mairs And Power provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mairs And Power: assets under management

The assets under management (AUM) of Mairs And Power Inc is $8.6 billion. The firm's AUM has grown by 578% since the beginning of its operation, and $23.14 million of the total AUM is attributable to clients outside of the United States.

The firm manages $8.48 billion in discretionary accounts and $121.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.58 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.02 million.

Mairs And Power has custody of $445.84 million in cash and securities for 211 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 77% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mairs And Power Inc for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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.

What kind of clients George Alexander Mairs serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of George Alexander Mairs is investment companies with 1 clients and $5.1 billion of assets under management. Among the 14 most similar advisory firms, Mairs And Power has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $8.41 billion for 615 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.

Mairs And Power doesn't advise any private funds.

Careers at Mairs And Power Inc

The company employs 43 people that are either part- or full-time employees. 37 percent of the employees work as investment advisers or researchers. 11 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.

George Alexander Mairs has been acting as President since 1 Jun 1993. Kevin Vincent Earley joined the executive team most recently as the Vice President, Investment Manager & Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
George Alexander Mairs	Director	1 Jan 1961	Other	4381533
William Bernard Frels	Chairman emeritus and director	1 Jun 1992	Other	2263839
George Alexander Mairs	President	1 Jun 1993	25% - 50%	4381533
Lisa Jean Hartzell	Manager	1 Sep 1993	Other	2343833
Michelle Lee Maltby	Manager	1 Sep 1993	Other	2113840
Peter Geoffrey Robb	Sr. vice president, secretary and director	1 Jun 1994	Other	2547010
Peter G. Robb	Sr. vice president & director	1 Jun 1994	Other	2547010
William Bernard Frels	Vice president	1 Jun 1994	25% - 50%	2263839
Beverly Ann Coulthart	Manager	1 Sep 1995	Other	2686418
Lisa Jean Hartzell	Manager	1 Jan 1996	Other	2343833
Geraldine M. Sundberg	Administrative assistant	1 Oct 1996	Other	2819844
John Kamman Butler	Vice president and director	1 Jan 1999	Other	1493548
John Kamman Butler	Vice president	1 Feb 1999	Other	1493548
Ronald Lynn Kaliebe	Senior vice president, director of fixed income and director	1 Dec 2001	Other	4524229
Ronald Lynn Kaliebe	Vice president	1 Jan 2002	Other	4524229
Lisa Jean Hartzell	Vice president & director	1 Jan 2002	Other	2343833
Jon Arthur Theobald	Chairman of the board and chief executive officer	1 Feb 2002	Other	4524232
George Alexander Mairs	Chairman of the board	1 Feb 2002	25% - 50%	4381533
William Bernard Frels	President	1 Feb 2002	25% - 50%	2263839
Jon Arthur Theobald	Executive vice president, director and chief compliance officer	1 Jul 2003	Other	4524232
Mark Larry Henneman	President, chief investment officer & director	1 Jun 2004	Other	4860832
Lisa Jean Hartzell	Vice president & director	1 Jun 2004	Other	2343833
Andrew Robert Adams	Vice president & director	1 May 2006	Other	2558532
Andrea Carola Stimmel	Chief compliance officer, treasurer & director	1 Jun 2007	Other	5427208
Glenn Earl Johnson	Senior vice president, director of portfolio management & director	1 Feb 2010	Other	1372286
Peter J. Johnson	Vice president & director	1 Oct 2013	Other	6288498
Kevin Vincent Early	Vice president & director	1 Oct 2013	Other	1177119
Peter James Johnson	Vice president & director	1 Oct 2013	Other	6288498
Mark L. Henneman Revocable Trust	Shareholder	1 Dec 2013	Other	xxx-xx-xxxx
Allen David Steinkopf	Vice president & director	1 Jul 2014	Other	5883101
Robert William Mairs	President, chief compliance officer, general counsel, secretary and director	1 Sep 2015	Other	6622285
Peter G. Robb Revocable Trust	Shareholder	1 Sep 2016	Other	xxx-xx-xxxx
Peter Geoffrey Robb	Peter g. robb revocable trust	1 Sep 2016	Other	2547010
Kevin Vincent Earley	Vice president, investment manager & director	1 Jan 2018	Other	1177119
Allen David Steinkopf	Vice president and investment manager	1 Jan 2018	Other	5883101
Peter James Johnson	Vice president and investment manager	1 Jan 2018	Other	6288498

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mark Larry Henneman	Trustee	1 Dec 2013	Other	4860832
Peter G. Robb	Trustee	1 Sep 2016	Other	2547010

Based in St. Paul

The principal office where Mairs And Power Inc performs its advisory services is located at 332 Minnesota Street, St. Paul, MN 55101 1363, 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 651-222-8478 or by fax 651-222-8470. The normal business hours are 8:00 a.m.-4:30 p.m. on Monday - Friday. You can find more information about the New York firm at mairsandpower.com.