Bgm Trunorth Wealth Partners, LLC (Bloomington)

Name: Bgm Trunorth Wealth Partners, LLC
Address: 4470 West 78 Th St. Circle, Bloomington, MN, 55435
Telephone: 952-844-2500

Bgm Trunorth Wealth Partners, LLC is a large advisory firm based in Bloomington. It manages $322.2 million of regulatory assets for 746 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Florida, and 5 other states.

Bgm Trunorth Wealth Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and investment consultations. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bgm Trunorth Wealth Partners: assets under management

The assets under management (AUM) of Bgm Trunorth Wealth Partners, LLC is $322.2 million. The firm's AUM has gone down by -38% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $301.28 million in discretionary accounts and $20.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $444.37 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $307.62 thousand.

Bgm Trunorth Wealth Partners has custody of $20.6 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bgm Trunorth Wealth Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, 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.

Careers at Bgm Trunorth Wealth Partners, LLC

Jon Thomas Meyer joined the executive team most recently as the Chief Operating Officer/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Bgm Holdings	Member	1 Oct 1996	25% - 50%	41-1765929
Daniel Alphonse Boeckermann	Boardmember	1 Oct 1996	Other	2803677
Jon Thomas Meyer	Chief operating officer/chief compliance officer	1 Jun 1999	Other	2405548
Peter Jon Rekstad	Chief executive officer	1 Dec 2013	25% - 50%	2016409

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Alphonse Boeckermann	Member	1 Apr 1982	25% - 50%	2803677
Bradley Eugene Mayer	Member	1 Oct 1992	25% - 50%	4388512
James Allen Grafstrom	Member	1 Oct 1992	25% - 50%	4388513

Based in Bloomington

The principal office where Bgm Trunorth Wealth Partners, LLC performs its advisory services is located at 4470 West 78 Th St. Circle, Bloomington, MN 55435, 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 952-844-2500 or by fax 952-844-2525. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at bgmtrunorth.com.