Financial Perspectives, Inc. (Minneapolis)

Name: Financial Perspectives, Inc.
Address: 3025 Harbor Lane N, Minneapolis, MN, 55447 5119
Telephone: 763-553-7779

Financial Perspectives, Inc. is a large advisory firm based in Minneapolis. It manages $665.41 million of regulatory assets for 1,529 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Colorado, and 11 other states.

Financial Perspectives provides financial planning services, portfolio management for individuals and small businesses, and retirement plan consulting. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Perspectives: assets under management

The assets under management (AUM) of Financial Perspectives, Inc. is $665.41 million. The firm's AUM has grown by 526% since the beginning of its operation, and $16.44 million of the total AUM is attributable to clients outside of the United States.

The firm manages $626.3 million in discretionary accounts and $39.11 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $434.33 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $449.52 thousand.

Financial Perspectives has custody of $49.76 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 84% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in government bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Perspectives, 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.

What kind of clients Daniel James Dugan 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 Daniel James Dugan is high net worth individuals with 190 clients and $579.14 million of assets under management. Among the 8 most similar advisory firms, Financial Perspectives has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $665.41 million for 525 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.

Financial Perspectives doesn't advise any private funds.

Careers at Financial Perspectives, Inc.

The company employs 10 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 10 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.

Daniel James Dugan has been acting as President since 1 Apr 2005. Nicole Lynn Wilken joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel James Dugan	President	1 Apr 2005	75% - 100%	2447554
David William Dugan	Vice president/secretary/treasurer	1 Apr 2005	Other	4635000
Nicole Lynn Wilken	Chief compliance officer	1 Apr 2010	Other	3208617

Based in Minneapolis

The principal office where Financial Perspectives, Inc. performs its advisory services is located at 3025 Harbor Lane N, Minneapolis, MN 55447 5119, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 763-553-7779 or by fax 763-553-7782. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at fpwealth.com/.