Enspyre Wealth Advisors, Inc. (Woodbury)

Enspyre Wealth Advisors, Inc. is a large advisory firm based in Woodbury. It manages $102.21 million of regulatory assets for 226 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Minnesota.

Enspyre Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and financial/qualified plans/retirement planning seminars. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Enspyre Wealth Advisors: assets under management

The assets under management (AUM) of Enspyre Wealth Advisors, Inc. is $102.21 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $102.21 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $452.27 thousand each.

Investments

The firm invests in pooled investment vehicles the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Enspyre Wealth Advisors, 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.

What kind of clients Enspyre Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Enspyre Wealth Advisors is high net worth individuals with 44 clients and $80 million of assets under management. Among the 6 most similar advisory firms, Enspyre Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $102.21 million for 89 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.

Enspyre Wealth Advisors doesn't advise any private funds.

Careers at Enspyre Wealth Advisors, Inc.

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Heidi Jo Helmeke	Ceo/cco/owner	1 Jan 2019	75% - 100%	2302043

Based in Woodbury

The principal office where Enspyre Wealth Advisors, Inc. performs its advisory services is located at 724 Bielenberg Dr., Woodbury, MN 55125, 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 651-470-1507 or by fax 651-413-3000. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday.