Foundry Partners, LLC is a large advisory firm based in Minneapolis. It manages $2.33 billion of regulatory assets for 97 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Illinois, Indiana, and 5 other states.
Foundry Partners provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Foundry Partners, LLC is $2.33 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 116% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Foundry Partners, LLC for their services and products based on a percentage of assets under management and performance-based 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.
The firm provides services to investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Foundry Partners is pension and profit sharing plans with 67 clients and $1.44 billion of assets under management. Among the 6 most similar advisory firms, Foundry Partners has the highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $2.33 billion for 78 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.
Foundry Partners doesn't advise any private funds.
The company employs 26 people that are either part- or full-time employees. 46 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.
The principal office where Foundry Partners, LLC performs its advisory services is located at 323 Washington Ave North, Minneapolis, MN 55401, which is also the mailing address of the firm. An additional office of the firm is in Cleveland, OH. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 612-376-2800 or by fax 612-376-2700. The normal business hours are 8:00 am - 5:00 pm cst on Monday - Friday. You can find more information about the New York firm at foundrypartnersllc.com.