Bond & Devick Financial Network, Inc. is a large advisory firm based in Saint Louis Park. It manages $315.21 million of regulatory assets for 1,023 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Florida, and 8 other states.
Bond & Devick Financial Network provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Bond & Devick Financial Network, Inc. is $315.21 million. The firm's AUM has grown by 21% 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 Bond & Devick Financial Network, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Bond & Devick Financial Network is high net worth individuals with 118 clients and $202.45 million of assets under management. Among the 9 most similar advisory firms, Bond & Devick Financial Network has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $315.21 million for 412 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.
Bond & Devick Financial Network doesn't advise any private funds.
The company employs 10 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 6 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.
Teresa Ann Devick joined the executive team most recently as the Chief Compliance Officer.
The principal office where Bond & Devick Financial Network, Inc. performs its advisory services is located at 600 South Hwy 169,, Saint Louis Park, MN 55426, 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) 591-0113 or by fax 952-591-0104. The normal business hours are 7:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at bondanddevick.com/.