Basepoint Wealth, LLC (Cedar Rapids)

Basepoint Wealth, LLC is a large advisory firm based in Cedar Rapids. It manages $218.3 million of regulatory assets for 1,883 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Florida, and 8 other states.

Basepoint Wealth provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Basepoint Wealth: assets under management

The assets under management (AUM) of Basepoint Wealth, LLC is $218.3 million. The firm's AUM has grown by 36% since the beginning of its operation, and $493.89 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $212.35 million in discretionary accounts and $5.95 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $113.92 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $312.96 thousand.

Basepoint Wealth has custody of $19.23 million in cash and securities for 220 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 63% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 18% of the firm’s portfolio. Investments in exchange traded securities form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Basepoint Wealth, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Basepoint Wealth serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Basepoint Wealth is individuals with 581 clients and $149.74 million of assets under management. Among the 8 most similar advisory firms, Basepoint Wealth has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $218.3 million for 635 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.

Basepoint Wealth doesn't advise any private funds.

Careers at Basepoint Wealth, LLC

The company employs 12 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 9 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bryan Jennings Knudson	Managing member, senior wealth advisor	1 Aug 2017	Other	4642319
William Allen Wallace	Managing member, director of wealth management	1 Aug 2017	25% - 50%	4233166
Kathryn Marsh Wallace	Managing member, senior wealth advisor	1 Aug 2017	25% - 50%	4641895
Landis Tyler Wiley	Managing member, senior wealth advisor	1 Aug 2017	Other	5940982
Katherine Emma Ortgies	Member, chief compliance officer	1 Aug 2017	Other	5919392

Based in Cedar Rapids

The principal office where Basepoint Wealth, LLC performs its advisory services is located at 4144 Golf Street Ne, Cedar Rapids, IA 52402, which is also the mailing address of the firm. An additional office of the firm is in Dubuque, IA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (319) 826-1898 or by fax 319-826-1471. The normal business hours are 8:30am to 5:00pm on Monday - Friday.