Trunorth Wealth Partners, LLC is a large advisory firm based in St. Paul. It manages $402.55 million of regulatory assets for 871 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Connecticut, Florida, and 4 other states.
Trunorth Wealth Partners 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 investment consultations. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Trunorth Wealth Partners, LLC is $402.55 million. The firm's AUM has grown by 28% 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 Trunorth Wealth Partners, LLC 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 Trunorth Wealth Partners is high net worth individuals with 87 clients and $297.26 million of assets under management. Among the 12 most similar advisory firms, Trunorth Wealth Partners has the 5th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $401.42 million for 181 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.
Trunorth Wealth Partners doesn't advise any private funds.
The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 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.
The principal office where Trunorth Wealth Partners, LLC performs its advisory services is located at 3050 Wells Fargo Place, St. Paul, MN 55101, which is also the mailing address of the firm. An additional office of the firm is in Folsom, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 651-735-5878 or by fax 651-735-5881. The normal business hours are 9 a.m. to 4 p.m. on Monday - Friday. You can find more information about the New York firm at trunorthwealthpartners.com.