Flourish Wealth Management Inc. is a large advisory firm based in Edina. It manages $121.69 million of regulatory assets for 392 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Minnesota, and Texas.
Flourish Wealth Management provides portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and project-based financial consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Flourish Wealth Management Inc. is $121.69 million. The firm's AUM has gone down by -3% 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 Flourish Wealth Management Inc. for their services and products based on a percentage of assets under management, hourly charges, 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.
The only and largest group of clients of Flourish Wealth Management is high net worth individuals with 64 clients and $121.69 million of assets under management. Among the 10 most similar advisory firms, Flourish Wealth Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $121.69 million for 64 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.
Flourish Wealth Management doesn't advise any private funds.
The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 2 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 Flourish Wealth Management Inc. performs its advisory services is located at 3300 Edinborough Way, Edina, MN 55435, 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) 392-4474 or by fax (952) 953-3310. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/3692746/ and its LinkedIn profile.