Woodbury Financial Services, Inc. (Oakdale)

Woodbury Financial Services 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, and educational seminars and workshops. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Woodbury Financial Services: assets under management

The assets under management (AUM) of Woodbury Financial Services, Inc. is $7.63 billion. The firm's AUM has grown by 225% since the beginning of its operation, and $213.19 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $3.74 billion in discretionary accounts and $3.89 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $204.13 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $141.87 thousand.

Woodbury Financial Services has custody of $385.9 million in cash and securities for 1,648 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 47% of the total AUM. The second-largest asset type is exchange traded securities, which make up 42% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Woodbury Financial Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Erica Maja Mcginnis 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 Erica Maja Mcginnis is individuals with 28,995 clients and $4.55 billion of assets under management. Among the 7 most similar advisory firms, Woodbury Financial Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $7.63 billion for 34,567 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Woodbury Financial Services doesn't advise any private funds.

Careers at Woodbury Financial Services, Inc.

The company employs 1,925 people that are either part- or full-time employees. 49 percent of the employees work as investment advisers or researchers. 1,104 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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 receive compensation from other entities for client referrals.

Erica Maja Mcginnis has been acting as President since 1 May 2013. Ag Parent Corporation joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 26 indirect owners.

Based in Oakdale

The principal office where Woodbury Financial Services, Inc. performs its advisory services is located at 7755 3 Rd Street North, Oakdale, MN 55128 The mailing address of the firm is P.O. Box 64284, St. Paul, MN 55164 0284. An additional office of the firm is in Warrenville, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-800-2638 or by fax 877-488-5564. The normal business hours are 8:00 a.m. - 5:00 p.m. central time on Monday - Friday. You can find more information about the New York firm at joinwoodbury.com.

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