Marquette Asset Management, LLC (Minneapolis)

Name: Marquette Asset Management, LLC
Address: 150 South Fifth Street, Minneapolis, MN, 55402
Telephone: 612-661-3770

Marquette Asset Management, LLC is a large advisory firm based in Minneapolis. It manages $705.7 million of regulatory assets for 385 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Florida, and 4 other states.

Marquette Asset Management 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.

Marquette Asset Management: assets under management

The assets under management (AUM) of Marquette Asset Management, LLC is $705.7 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $705.7 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.83 million each.

Marquette Asset Management has custody of $426 million in cash and securities for 124 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 63% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 16% of the firm’s portfolio. Investments in state and local bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Marquette Asset Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Dana Harris Abraham serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Dana Harris Abraham is high net worth individuals with 120 clients and $597.8 million of assets under management. Among the 11 most similar advisory firms, Marquette Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $705.7 million for 177 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.

Marquette Asset Management doesn't advise any private funds.

Careers at Marquette Asset Management, LLC

The company employs 8 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 3 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.

Dana Harris Abraham has been acting as President since 1 May 2015. Dale Miles Skogstad joined the executive team most recently as the Senior Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Jay Rubenstein	Managing director - client service & trust services	1 Aug 2005	Other	1286587
John Clarence Beuerlein	Chairman, chief executive officer & chief investment officer	1 Jan 2009	Other	4336329
Christopher Marcel Vernier	Managing director - investments & trading	1 May 2014	Other	2617017
Jean Kathryn Gullikson	Managing director - chief compliance officer	1 May 2014	Other	2524612
Valerie Ann Thomas	Senior vice president - client service	1 May 2014	Other	5500991
Adam D. Cox	Senior vice president	1 Mar 2015	Other	6468915
Umb Financial Corporation	Owner	1 May 2015	75% - 100%	43-0903811
Michael Joseph Diederich	Director, elected manager	1 May 2015	Other	2617364
Dana Harris Abraham	Director	1 May 2015	Other	3176915
Ann Wilczynski	Senior vice president	1 Dec 2015	Other	6596075
Christopher Marcel Vernier	President	1 Jun 2016	Other	2617017
James Peter Tatera	Managing director	1 Jun 2017	Other	4367011
Ann Wilczynski	Managing director	1 Dec 2017	Other	6596075
Llc Marquette Wealth Management	100% owner	1 Dec 2017	75% - 100%	82-2618781
Abbey Marlana Spoo	Senior vice president	1 Dec 2017	Other	3246860
Abbey Marlana Spoo	Managing director	1 Mar 2019	Other	3246860
Dale Miles Skogstad	Senior vice president	1 Aug 2019	Other	6242120

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Marcel Vernier	Owner and manager	1 Aug 2017	25% - 50%	2617017
Jean Kathryn Gullikson	Owner	1 Aug 2017	25% - 50%	2524612
Robert Jay Rubenstein	Owner	1 Aug 2017	25% - 50%	1286587

Based in Minneapolis

The principal office where Marquette Asset Management, LLC performs its advisory services is located at 150 South Fifth 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 612-661-3770 or by fax 612-661-3737. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at marquetteam.com.