Alerus Investment Advisors Corporation (Minnetonka)

Name: Alerus Investment Advisors Corporation
Address: 10900 Wayzata Blvd. Suite 120, Minnetonka, MN, 55305
Telephone: 877-493-5858

Alerus Investment Advisors Corporation is a large advisory firm based in Minnetonka. It manages $1.77 billion of regulatory assets for 126 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Iowa, Michigan, Minnesota, and 4 other states.

Alerus Investment Advisors Corporation 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, publication of newsletters, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Alerus Investment Advisors Corporation: assets under management

The assets under management (AUM) of Alerus Investment Advisors Corporation is $1.77 billion. The firm's AUM has grown by 33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.75 billion in discretionary accounts and $23.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $22.45 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $496.46 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Alerus Investment Advisors Corporation 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 Alerus Investment Advisors Corporation

Randy Louis Newman has been acting as President since 1 Sep 2007. Bryan David Grimm joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
N.A. Alerus Financial	Shareholder	1 Sep 2007	75% - 100%	45-0140105
Randy Louis Newman	Chairman/director	1 Sep 2007	Other	2451981
Kris Ellen Compton	Director	1 Sep 2007	Other	5416587
Karl Austin Bollingberg	Director	1 Sep 2007	Other	4629623
Eric Anthony Carlson	Cfo	1 Sep 2007	Other	4629614
John Gerard Flesch	Director, chief compliance officer	1 Sep 2007	Other	811977
John Gerard Flesch	Director	1 Jan 2009	Other	811977
Richard Michael Joseph	Chief compliance officer	1 Jan 2009	Other	2689953
Sunil N Swami	President, cio, cco	1 Mar 2010	Other	4807675
Bryan David Grimm	Cco	1 Apr 2012	Other	2970258

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Alerus Financial Corporation	Direct shareholder	1 Sep 1993	75% - 100%	45-0375407

Based in Minnetonka

The principal office where Alerus Investment Advisors Corporation performs its advisory services is located at 10900 Wayzata Blvd. Suite 120, Minnetonka, MN 55305, which is also the mailing address of the firm. An additional office of the firm is in Grand Forks, ND. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 877-493-5858 or by fax 952-417-3839. The normal business hours are 8 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at alerusinvestmentadvisors.com.