Kopp Investment Advisors, LLC (Bloomington)

Name: Kopp Investment Advisors, LLC
Address: 8400 Normandale Lake Boulevard, Bloomington, MN, 55437
Telephone: 952-841-0400

Kopp Investment Advisors, LLC is a large advisory firm based in Bloomington. It manages $117.46 million of regulatory assets for 175 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Florida, Illinois, Minnesota, and Texas.

Kopp Investment Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and support services for a family office (research, trading, compliance, back office administration, accounting and tax assistance). It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kopp Investment Advisors: assets under management

The assets under management (AUM) of Kopp Investment Advisors, LLC is $117.46 million. The firm's AUM has gone down by -95% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $112.33 million in discretionary accounts and $5.13 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $664.66 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $854.86 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in investment and business development companies form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Kopp Investment Advisors, LLC 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 Sally Ann Anderson serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Sally Ann Anderson is high net worth individuals with 28 clients and $57.19 million of assets under management. Among the 9 most similar advisory firms, Kopp Investment Advisors has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $116.6 million for 174 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.

Kopp Investment Advisors doesn't advise any private funds.

Careers at Kopp Investment Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 receive compensation from other entities for client referrals.

Sally Ann Anderson has been acting as President since 1 Feb 2007. Leroy Clarence Kopp joined the executive team most recently as the Trustee.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Paul Flakne	Cfo 9/03, coo 2/07, chief compliance officer 3/07	1 Sep 2003	Other	4060209
Llc Kopp Holding Company	Sole member	1 Sep 2003	75% - 100%	52-2421382
Leroy Clarence Kopp	Ceo, sole governor	1 Sep 2003	Other	273935
Kathleen Sweeney Tillotson	Clo, cco	1 Sep 2003	Other	2831420
Pamela Marie Krill	Cco	1 Aug 2005	Other	5016903
Leroy Clarence Kopp	Chief investment officer, sole governor, president (09/13)	1 Feb 2007	Other	273935
Sally Ann Anderson	President	1 Feb 2007	Other	5557
Mathew Paul Arens	President	1 Dec 2008	Other	5639729

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Kopp Holding Company	Member, class a	1 Sep 2003	75% - 100%	41-1875362
Leroy Clarence Kopp	Trustee	1 Oct 2013	Other	273935
Leroy C. Kopp Revocable Business Trust	Sole member	1 Oct 2013	75% - 100%	xxx-xx-xxxx

Based in Bloomington

The principal office where Kopp Investment Advisors, LLC performs its advisory services is located at 8400 Normandale Lake Boulevard, Bloomington, MN 55437, 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 952-841-0400 or by fax 952-841-0411. The normal business hours are monday-thursday 8-4:30 friday 8-4 on Monday - Friday. You can find more information about the New York firm at koppinvestments.com/.