Ledge Wealth Management, Inc. (Sartell)

Name: Ledge Wealth Management, Inc.
Address: 2147 Troop Drive, Sartell, MN, 56377
Telephone: 320-281-3203

Ledge Wealth Management, Inc. is a large advisory firm based in Sartell. It manages $183.34 million of regulatory assets for 570 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Minnesota, Nebraska, and Texas.

Ledge Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ledge Wealth Management: assets under management

The assets under management (AUM) of Ledge Wealth Management, Inc. is $183.34 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $183.34 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $321.64 thousand each.

Ledge Wealth Management has custody of $73.3 million in cash and securities for 112 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 63% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 16% of the firm’s portfolio. Investments in pooled investment vehicles form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ledge Wealth Management, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Kurt S Durrwachter serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Kurt S Durrwachter is high net worth individuals with 62 clients and $114.62 million of assets under management. Among the 11 most similar advisory firms, Ledge Wealth Management has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $183.34 million for 234 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.

Ledge Wealth Management doesn't advise any private funds.

Careers at Ledge Wealth Management, Inc.

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Kurt S Durrwachter has been acting as President since 1 Oct 2012. Gina Koshiol Bartell joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kurt S Durrwachter	Ceo/president	1 Oct 2012	50% - 75%	4207020
Gina Koshiol Bartell	Cco	1 Jan 2015	25% - 50%	3229769

Based in Sartell

The principal office where Ledge Wealth Management, Inc. performs its advisory services is located at 2147 Troop Drive, Sartell, MN 56377, 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 320-281-3203 or by fax 320-281-3205. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at ledgewealth.com/.