Feltl Advisors, LLC (Minnetonka)

Name: Feltl Advisors, LLC
Address: 10900 Wayzata Boulevard, Minnetonka, MN, 55305
Telephone: 612-492-8800

Feltl Advisors, LLC is a multi-state adviser based in Minnetonka. It manages $59.95 million of regulatory assets for 306 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alabama, Arizona, California, and 15 other states.

Feltl Advisors provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and wrap accounts through non-affiliated providers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Feltl Advisors: assets under management

The assets under management (AUM) of Feltl Advisors, LLC is $59.95 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in exchange traded securities the most. They account for 69% of the total AUM. The second-largest asset type is investment and business development companies, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Feltl Advisors, 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.

What kind of clients Mary Joanne Feltl serves?

The firm provides services to individuals and corporations or other businesses. The largest group of clients of Mary Joanne Feltl is individuals with 305 clients and $56.6 million of assets under management. Among the 8 most similar advisory firms, Feltl Advisors has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $59.95 million for 306 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.

Feltl Advisors doesn't advise any private funds.

Careers at Feltl Advisors, LLC

The company employs 32 people that are either part- or full-time employees. 50 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.

Mary Joanne Feltl has been acting as President since 1 Jan 2013. Dirk Garret Van Krevelen joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Bernard Schierman	Cfo, trustee of mary joanne feltl irrevocable jcf trust	1 Mar 2002	Other	2353419
Mary Joanne Feltl	President	1 Jan 2013	Other	2055810
John Christopher Feltl	Ceo	1 Jan 2013	50% - 75%	2366353
Mitchell Jay Edwards	Cco, corporate secretary	1 Jan 2013	Other	4127796
Mary Joanne Feltl Irrevocable Jcf Trust	Shareholder	1 Jan 2013	25% - 50%	26-6149183
Dirk Garret Van Krevelen	Cco	1 Jul 2014	Other	1289150

Based in Minnetonka

The principal office where Feltl Advisors, LLC performs its advisory services is located at 10900 Wayzata Boulevard, Minnetonka, MN 55305, which is also the mailing address of the firm. An additional office of the firm is in Wayzata, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 612-492-8800 or by fax 612-492-8898. The normal business hours are 8am - 4:30pm on Monday - Friday. You can find more information about the New York firm at feltladvisors.com/.