Viking Fund Management LLC (Minot)

Viking Fund Management LLC is a large advisory firm based in Minot. It manages $649.66 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2001.

Viking Fund Management provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Viking Fund Management: assets under management

The assets under management (AUM) of Viking Fund Management LLC is $649.66 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 22890% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $649.66 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $59.06 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Viking Fund 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 Shannon Doyle Radke serves?

The only and largest group of clients of Shannon Doyle Radke is investment companies with 11 clients and $649.66 million of assets under management. Among the 7 most similar advisory firms, Viking Fund Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $649.66 million for 11 clients. None of the firm’s clients are foreign persons or businesses.

Viking Fund Management doesn't advise any private funds.

Careers at Viking Fund Management LLC

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. No 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.

Shannon Doyle Radke has been acting as President since 1 Sep 1998. Jacqueline Lea Case joined the executive team most recently as the Secretary/Governor.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Shannon Doyle Radke	President/governor	1 Sep 1998	Other	1894150
Douglas Pete Miller	Secretary, treasurer, governor	1 Sep 1998	Other	2807909
John Derell Stewart	Governor	1 Sep 1998	Other	4371864
Jeffrey Leon Farstad	Member	1 Dec 1998	Other	4371871
Magic City Financial Group L.P.	Member	1 Dec 1998	Other	45-0428295
Bruce Ivan Christianson	Governor	1 Jan 1999	Other	4371836
Robert Joseph Lamont	Governor	1 Jan 1999	Other	4371855
Roger Wayne Tollefson	Governor	1 Sep 2002	Other	4606148
Forrest Bruce Walker	Governor	1 Sep 2002	Other	4606161
Patrick Murphy	Governor	1 Mar 2004	Other	4777651
Patrick Kevin Murphy	Governor	1 Mar 2004	Other	4777651
Llc Corridor Investors	Parent	1 Aug 2009	75% - 100%	26-4593754
Kevin M Flagstad	Chief compliance officer	1 Aug 2009	Other	4199379
Toben Jerome Taft	Vice president/governor	1 Aug 2009	Other	2382691
Laura Kay Anderson	Secretary	1 Aug 2009	Other	3180862
Kraig Erik Klebe	Treasurer/governor	1 Mar 2011	Other	3090758
Jacqueline Lea Case	Secretary/governor	1 Sep 2011	Other	1052609
Kraig Erik Klebe	Treasurer/governor	1 Sep 2011	Other	3090758

Based in Minot

The principal office where Viking Fund Management LLC performs its advisory services is located at 1 Main St North, Minot, ND 58703 The mailing address of the firm is P.O. Box 500, Minot, ND 58702 0500. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 701-852-5292 or by fax 701-852-2548. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday.