Redhawk Wealth Advisors, Inc. (Minneapolis)

Name: Redhawk Wealth Advisors, Inc.
Address: 7700 France Avenue South, Minneapolis, MN, 55435
Telephone: 952-835-4295

Redhawk Wealth Advisors, Inc. is a large advisory firm based in Minneapolis. It manages $1.08 billion of regulatory assets for 2,448 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 31 other states.

Redhawk Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Redhawk Wealth Advisors: assets under management

The assets under management (AUM) of Redhawk Wealth Advisors, Inc. is $1.08 billion. The firm's AUM has grown by 3996% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.03 billion in discretionary accounts and $42.73 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $467.57 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $178.77 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Redhawk Wealth Advisors, Inc. for their services and products based on a percentage of assets under management 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 Richard P Keast serves?

The firm provides services to individuals, insurance companies, and pension and profit sharing plans. The largest group of clients of Richard P Keast is pension and profit sharing plans with 254 clients and $836.5 million of assets under management. Among the 8 most similar advisory firms, Redhawk Wealth Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $1.08 billion for 2,448 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.

Redhawk Wealth Advisors doesn't advise any private funds.

Careers at Redhawk Wealth Advisors, Inc.

The company employs 36 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. 32 employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people 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.

Redhawk Wealth Advisors, Inc. is owned by Navi James Dowty. Richard P Keast has been acting as President since 1 Jul 2015. Boniface Desmond Coelho joined the executive team most recently as the Vice President Marketing.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Edward Hunt	Chief executive officer	1 Feb 2008	25% - 50%	5163868
Bradley Earl Pries	President, chief compliance officer	1 Feb 2008	25% - 50%	2075526
Brian Michael Delott	Owner	1 Feb 2008	Other	5495985
Samuel Franklin Arndt	Owner	1 Feb 2008	Other	2650802
John Ettore Nardulli	Owner	1 Feb 2008	Other	5495994
Eugene Christopher Coyle	Owner	1 Feb 2008	Other	5122103
Jeffery Alan White	Vice president	1 Feb 2008	Other	4536703
Norman John Strom	Vice president	1 Feb 2008	Other	722550
Sean Robert Kommerstad	Chief compliance officer	1 May 2009	Other	5519302
Navi James Dowty	Owner	1 Apr 2011	Other	1048676
Boniface Desmond Coelho	Vice president business development	1 Apr 2011	Other	5525998
Norman John Strom	Chief compliance officer	1 Oct 2012	Other	722550
Boniface Desmond Coelho	Vice president portfolio management	1 Jan 2013	Other	5525998
Boniface Desmond Coelho	Vice president marketing	1 Sep 2013	Other	5525998
Richard P Keast	President/ chief compliance officer	1 Jul 2015	Other	2459520

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Bradley Earl Pries	Indirect owner	1 May 2009	25% - 50%	2075526

Based in Minneapolis

The principal office where Redhawk Wealth Advisors, Inc. performs its advisory services is located at 7700 France Avenue South, Minneapolis, MN 55435, which is also the mailing address of the firm. An additional office of the firm is in Brighton, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 952-835-4295 or by fax 952-835-0295. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at redhawkwa.com and its LinkedIn profile.