Enhanced Municipal Managers LLC (Minnetonka)

Name: Enhanced Municipal Managers LLC
Address: 601 Carlson Parkway, Minnetonka, MN, 55305
Telephone: 952-847-2450

Enhanced Municipal Managers LLC is a related adviser based in Minnetonka. It manages $8.96 million of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of Minnesota.

Enhanced Municipal Managers provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Enhanced Municipal Managers: assets under management

The assets under management (AUM) of Enhanced Municipal Managers LLC is $8.96 million. The firm's AUM has gone down by -5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $7.34 million in discretionary accounts and $1.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $815.56 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $270.5 thousand.

Investments

The firm invests in state and local bonds the most. They account for 78% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 22% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Enhanced Municipal Managers LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Enhanced Municipal Managers serves?

The only and largest group of clients of Enhanced Municipal Managers is high net worth individuals with 6 clients and $6.92 million of assets under management. Among the 2 most similar advisory firms, Enhanced Municipal Managers has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $6.92 million for 6 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.

Enhanced Municipal Managers doesn't advise any private funds.

Based in Minnetonka

The principal office where Enhanced Municipal Managers LLC performs its advisory services is located at 601 Carlson Parkway, Minnetonka, MN 55305, 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 952-847-2450 or by fax 952-847-2451. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at asallc.com.