Speece Thorson Capital Group Inc (Minneapolis)

Name: Speece Thorson Capital Group Inc
Address: 225 South 6 Th Street, Minneapolis, MN, 55402
Telephone: 612-338-4649

Speece Thorson Capital Group Inc is a large advisory firm based in Minneapolis. It manages $361 million of regulatory assets for 29 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Minnesota and Texas.

Speece Thorson Capital Group provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.

Speece Thorson Capital Group: assets under management

The assets under management (AUM) of Speece Thorson Capital Group Inc is $361 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 48% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $361 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $12.45 million each.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in government bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Speece Thorson Capital Group Inc 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 Speece Thorson Capital Group serves?

The firm provides services to charitable organizations, high net worth individuals, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Speece Thorson Capital Group is high net worth individuals with 11 clients and $149 million of assets under management. Among the 11 most similar advisory firms, Speece Thorson Capital Group has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $361 million for 23 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.

Speece Thorson Capital Group also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Speece Thorson Capital Group Inc

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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
Fred Howard Speece	Chief compliance officer, director, shareholder	1 Mar 1992	50% - 75%	2278982
Clark Knobel Hunt	Director, shareholder	1 Mar 1992	Other	2236112
Sharron H. Munson	Shareholder	1 Mar 1992	Other	4336203
Llc Hilltop Capital Holdings	Shareholder	1 Mar 1992	Other	75-2738766
Fred Speece	Chief compliance officer, director, shareholder	1 Mar 1992	25% - 50%	2278982
Kenneth John Thorson	Director, shareholder	1 Mar 1992	25% - 50%	4336194
Lamar Hunt	Shareholder	1 Mar 1992	Other	4336213
Paul E. Pender	Director, shareholder	1 Jan 2004	Other	4852735
Paul E. Pender	Director, shareholder	1 Jun 2004	Other	4852735
Benjamin David Johnson	Director, shareholder	1 Jan 2007	Other	2515681
Matthew Jeremy Weight	Director, shareholder	1 Jan 2016	Other	4976477
Peter James Swanson	Chief compliance officer, director, sharholder	1 Jan 2019	Other	4208484

Based in Minneapolis

The principal office where Speece Thorson Capital Group Inc performs its advisory services is located at 225 South 6 Th Street, Minneapolis, MN 55402, 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 612-338-4649 or by fax 612-338-7451. 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 stcapital.com.