Gs Investments, Inc. (Minneapolis)


Gs Investments, Inc. is a large advisory firm based in Minneapolis. It manages $166.33 million of regulatory assets for 181 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Connecticut, Florida, Georgia, and 6 other states.

Gs Investments provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and publication of newsletters. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gs Investments: assets under management

The assets under management (AUM) of Gs Investments, Inc. is $166.33 million. The firm's AUM has grown by 40% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $164.87 million in discretionary accounts and $1.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $947.54 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $208.65 thousand.
Gs Investments has custody of $69.92 million in cash and securities for 65 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is government bonds, which make up 10% of the firm’s portfolio. Investments in investment and business development companies form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Gs Investments, Inc. 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 Gs Investments 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 Gs Investments is high net worth individuals with 35 clients and $138.09 million of assets under management. Among the 7 most similar advisory firms, Gs Investments has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $166.33 million for 79 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.

Gs Investments doesn't advise any private funds.

Careers at Gs Investments, Inc.

The company employs 3 people that are either part- or full-time employees. 100 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Glenn Steinke Managing principal 1 Jul 1992 Other 2364079
John Glenn Steinke Managing principal, chief compliance officer 1 Dec 1996 50% - 75% 1335477
Greg Charles Cunningham Managing principal 1 Oct 2010 Other 2541370

Based in Minneapolis

The principal office where Gs Investments, Inc. performs its advisory services is located at 333 South 7 Th Street, Minneapolis, MN 55402, 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 612-371-0590 or by fax 612-371-9869. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at gsinvestments.com.