Midwest Financial Partners Investments, Inc. (St. Cloud)

Name: Midwest Financial Partners Investments, Inc.
Address: 912 West Saint Germain Street, St. Cloud, MN, 56301
Telephone: 320-251-3752

Midwest Financial Partners Investments, Inc. is a large advisory firm based in St. Cloud. It manages $492.12 million of regulatory assets for 2,966 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Florida, Illinois, and 5 other states.

Midwest Financial Partners Investments provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension 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.

Midwest Financial Partners Investments: assets under management

The assets under management (AUM) of Midwest Financial Partners Investments, Inc. is $492.12 million. The firm's AUM has grown by 261% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $413.94 million in discretionary accounts and $78.18 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $142.69 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.2 million.

Midwest Financial Partners Investments has custody of $8.5 million in cash and securities for 5 clients in total and acts as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 94% 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 exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Midwest Financial Partners Investments, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Midwest Financial Partners Investments serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Midwest Financial Partners Investments is high net worth individuals with 131 clients and $281.3 million of assets under management. Among the 10 most similar advisory firms, Midwest Financial Partners Investments has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $492.12 million for 753 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.

Midwest Financial Partners Investments doesn't advise any private funds.

Careers at Midwest Financial Partners Investments, Inc.

The company employs 16 people that are either part- or full-time employees. 31 percent of the employees work as investment advisers or researchers. 5 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
Thomas Donald St Hilaire	President & chief compliance officer	1 Dec 2014	75% - 100%	4446701

Based in St. Cloud

The principal office where Midwest Financial Partners Investments, Inc. performs its advisory services is located at 912 West Saint Germain Street, St. Cloud, MN 56301, 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 320-251-3752 or by fax 320-251-2272. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at mfpmn.com and its LinkedIn profile.