Resonant Capital Advisors, LLC (Madison)

Name: Resonant Capital Advisors, LLC
Address: 33 E. Main Street, Madison, WI, 53703
Telephone: (608) 733-6220

Resonant Capital Advisors, LLC is a large advisory firm based in Madison. It manages $393.11 million of regulatory assets for 667 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Texas and Wisconsin.

Resonant Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and investment and institutional consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Resonant Capital Advisors: assets under management

The assets under management (AUM) of Resonant Capital Advisors, LLC is $393.11 million. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $364.78 million in discretionary accounts and $28.33 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $570.86 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.01 million.

Investments

The firm invests in investment and business development companies the most. They account for 35% of the total AUM. The second-largest asset type is exchange traded securities, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Resonant Capital Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Resonant Capital Advisors serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Resonant Capital Advisors is high net worth individuals with 113 clients and $290.37 million of assets under management. Among the 8 most similar advisory firms, Resonant Capital Advisors has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $343.62 million for 154 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.

Resonant Capital Advisors doesn't advise any private funds.

Careers at Resonant Capital Advisors, 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. 6 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
Daniel Penning Blake	Member, chief compliance officer, and chief operations officer	1 May 2018	75% - 100%	7002729
Benjamin Nathan Dickey	Managing member and chief compliance officer	1 Oct 2018	25% - 50%	5631759
Walter Edward Dewey	Managing member	1 Oct 2018	25% - 50%	2040719
Rebecca A. Schmidt	Chief compliance officer	1 Aug 2019	Other	7165053

Based in Madison

The principal office where Resonant Capital Advisors, LLC performs its advisory services is located at 33 E. Main Street, Madison, WI 53703, 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 (608) 733-6220. The normal business hours are 7:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at resonantcapital.com.