Allodium Investment Consultants, LLC (Minneapolis)

Name: Allodium Investment Consultants, LLC
Address: 500 Washington Avenue South, Minneapolis, MN, 55415 1151
Telephone: 612-230-3700

Allodium Investment Consultants, LLC is a large advisory firm based in Minneapolis. It manages $255.49 million of regulatory assets for 543 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Minnesota, and Texas.

Allodium Investment Consultants provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Allodium Investment Consultants: assets under management

The assets under management (AUM) of Allodium Investment Consultants, LLC is $255.49 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 147% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $255.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $470.51 thousand each.

Allodium Investment Consultants has custody of $113.67 million in cash and securities for 85 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is state and local bonds, which make up 6% of the firm’s portfolio. Investments in exchange traded securities form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Allodium Investment Consultants, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Allodium Investment Consultants serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Allodium Investment Consultants is high net worth individuals with 79 clients and $209.61 million of assets under management. Among the 8 most similar advisory firms, Allodium Investment Consultants has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $254.8 million for 202 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.

Allodium Investment Consultants doesn't advise any private funds.

Careers at Allodium Investment Consultants, LLC

The company employs 11 people that are either part- or full-time employees. 36 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 compensates 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
David Albert Gutzke	Director of sales and operations / chief compliance officer	1 Jun 2005	Other	1360894
David John Bromelkamp	Managing member	1 Aug 2005	75% - 100%	1886987
Jeremy Bruce Graff	Director of financial planning	1 Aug 2005	25% - 50%	2732583
Kerry John Kaluza	Chief operating officer	1 Jan 2008	Other	1575327
Anne Michelle Ward	Member	1 Jan 2014	Other	4172067
Eric John Hutchens	Member	1 Jan 2017	Other	4207178
Tyler M Chapman	Director of operations / chief compliance officer	1 Jan 2017	Other	6761564

Based in Minneapolis

The principal office where Allodium Investment Consultants, LLC performs its advisory services is located at 500 Washington Avenue South, Minneapolis, MN 55415 1151, 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 612-230-3700 or by fax 612-230-3714. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at aicria.com and its LinkedIn profile.