State Bank & Trust (Fargo)

Name: State Bank & Trust
Address: 203 10 Th St. N., Fargo, ND, 58102
Telephone: 701-451-3000

State Bank & Trust is a large advisory firm based in Fargo. It manages $525 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of North Dakota.

State Bank & Trust provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

State Bank & Trust: assets under management

The assets under management (AUM) of State Bank & Trust is $525 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $525 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $525 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay State Bank & Trust 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.

Careers at State Bank & Trust

Gregory Bruce Sweeney has served as the Chief Investment Officer since 1 Sep 1992 and Richard Harold Solberg is the Chief Executive Officer of State Bank & Trust family office. Sheri Lynn Schrock joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Harold Solberg	Chief executive officer	1 Aug 1982	Other	4935618
Inc. State Bankshares	Holding company	1 Mar 1989	75% - 100%	45-0412162
Gregory Bruce Sweeney	Chief investment officer	1 Sep 1992	Other	4363869
Rodney Charles Jordahl	Chief financial officer	1 Feb 1999	Other	4924778
Michael Scott Solberg	Chief operating officer	1 Feb 2005	Other	4363903
Sheri Lynn Schrock	Chief compliance officer	1 Aug 2005	Other	5110818

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Laura Aline Fairfield	Owner	1 May 1966	25% - 50%	5129052

Based in Fargo

The principal office where State Bank & Trust performs its advisory services is located at 203 10 Th St. N., Fargo, ND 58102, 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 701-451-3000 or by fax 701-451-7574. The normal business hours are 8:00 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at www.statebanks.com.