Viking Fund Management LLC (Minot)


Viking Fund Management LLC is a large advisory firm based in Minot. It manages $649.66 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2001.

Viking Fund Management provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Viking Fund Management: assets under management

The assets under management (AUM) of Viking Fund Management LLC is $649.66 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 22890% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $649.66 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $59.06 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Viking Fund Management 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 Shannon Doyle Radke serves?

The only and largest group of clients of Shannon Doyle Radke is investment companies with 11 clients and $649.66 million of assets under management. Among the 7 most similar advisory firms, Viking Fund Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $649.66 million for 11 clients. None of the firm’s clients are foreign persons or businesses.

Viking Fund Management doesn't advise any private funds.

Careers at Viking Fund Management LLC

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. No 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.

Shannon Doyle Radke has been acting as President since 1 Sep 1998. Jacqueline Lea Case joined the executive team most recently as the Secretary/Governor.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Shannon Doyle Radke President/governor 1 Sep 1998 Other 1894150
Douglas Pete Miller Secretary, treasurer, governor 1 Sep 1998 Other 2807909
John Derell Stewart Governor 1 Sep 1998 Other 4371864
Jeffrey Leon Farstad Member 1 Dec 1998 Other 4371871
Magic City Financial Group L.P. Member 1 Dec 1998 Other 45-0428295
Bruce Ivan Christianson Governor 1 Jan 1999 Other 4371836
Robert Joseph Lamont Governor 1 Jan 1999 Other 4371855
Roger Wayne Tollefson Governor 1 Sep 2002 Other 4606148
Forrest Bruce Walker Governor 1 Sep 2002 Other 4606161
Patrick Murphy Governor 1 Mar 2004 Other 4777651
Patrick Kevin Murphy Governor 1 Mar 2004 Other 4777651
Llc Corridor Investors Parent 1 Aug 2009 75% - 100% 26-4593754
Kevin M Flagstad Chief compliance officer 1 Aug 2009 Other 4199379
Toben Jerome Taft Vice president/governor 1 Aug 2009 Other 2382691
Laura Kay Anderson Secretary 1 Aug 2009 Other 3180862
Kraig Erik Klebe Treasurer/governor 1 Mar 2011 Other 3090758
Jacqueline Lea Case Secretary/governor 1 Sep 2011 Other 1052609
Kraig Erik Klebe Treasurer/governor 1 Sep 2011 Other 3090758

Based in Minot

The principal office where Viking Fund Management LLC performs its advisory services is located at 1 Main St North, Minot, ND 58703 The mailing address of the firm is P.O. Box 500, Minot, ND 58702 0500. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 701-852-5292 or by fax 701-852-2548. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday.