American Express Personal Trust Services, Fsb (Minneapolis)

American Express Personal Trust Services, Fsb is a large advisory firm based in Minneapolis. It manages $168.41 million of regulatory assets for 538 client accounts. It has been registered with the SEC as an adviser since 2001.

American Express Personal Trust Services, Fsb provides portfolio management for individuals and small businesses, pension consulting services, and market timing 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.

American Express Personal Trust Services, Fsb: assets under management

The assets under management (AUM) of American Express Personal Trust Services, Fsb is $168.41 million. The firm's AUM has grown by 14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $167.76 million in discretionary accounts and $656 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $312.98 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $328 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay American Express Personal Trust Services, Fsb 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.

Careers at American Express Personal Trust Services, Fsb

Gregory Alan Nordmeyer has been acting as President since 1 Dec 2000. Scot Charles Sticha joined the executive team most recently as the Director Trust Administration And Operations.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Scott Randall Hagberg	Investment officer	1 Oct 1988	Other	1859005
Sarah Mary Mckenzie	Vp-wrap & personal trust	1 Jul 1990	Other	2083529
Gregory Alan Nordmeyer	President	1 May 1997	Other	1945542
James Walter Hackbart	Vp, senior trust officer	1 Jun 1997	Other	2917151
Pamela J Moret	Svp-products	1 Dec 1999	Other	1092043
Debra Ann Fellman	Controller	1 Jan 2000	Other	4123145
Karen Marie Bohn	Outside director	1 Dec 2000	Other	851533
Timothy S Meehan	Secretary	1 Dec 2000	Other	1492218
Gregory Alan Nordmeyer	President	1 Dec 2000	Other	1945542
James Walter Hackbart	Vp, senior trust officer	1 Dec 2000	Other	2917151
Scott Randall Hagberg	Investment officer	1 Dec 2000	Other	1859005
Sarah Mary Mckenzie	Internal director	1 Dec 2000	Other	2083529
Ronald M. Bosrock	Outside director	1 Dec 2000	Other	4380183
Thomas R. Mcburney	Outside director	1 Dec 2000	Other	4380197
Susan Mary Fleege	General counsel	1 Dec 2000	Other	1214371
David L. Yowan	Treasurer	1 Mar 2001	Other	4380006
Anne Marie Gangl	Chief compliance officer	1 Apr 2001	Other	1492059
Shawn 0fogarty Bolender	Vp & senior trust officer	1 Mar 2002	Other	4036579
Barbara Helen Fraser	Evp-aefa products and corp. marketing	1 May 2002	Other	3023984
Connie L Anderson	Controller	1 Jan 2003	Other	1422408
Stephen Michael Lobo	Treasurer	1 Jan 2003	Other	1543775
David Carl Gustafson	Personal trust compliance officer	1 May 2003	Other	1491542
American Express Travel Related Services Inc.	Shareholder	1 Dec 2003	50% - 75%	13-3133497
Scot Charles Sticha	Director trust administration and operations	1 Jan 2004	Other	2934752
Michael A Sherman	Compliance officer	1 Jan 2004	Other	4778619
Julie Lindquist	President	1 Jan 2004	Other	4778627
Robert Charles Radle	Chief financial officer	1 Jan 2004	Other	2056431
David Edward Poulsen	Chairman, ceo and director	1 Jan 2004	Other	2358464
Paul Patton	Corporate secretary	1 Jan 2004	Other	4778632
Robert Earle Phelan	Internal director	1 Jan 2004	Other	2385006
David L. Yowan	Internal director	1 Jan 2004	Other	4380006
Peter Albert Lefferts	External director	1 Jan 2004	Other	1558139
William Isaac	External director	1 Jan 2004	Other	4779701
Maria Garciaz	External director	1 Jan 2004	Other	4783267

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
American Express Financial Corporation	Shareholder	1 Nov 2000	50% - 75%	6320
American Express Company	Shareholder	1 Nov 2000	50% - 75%	13-4922250

Based in Minneapolis

The principal office where American Express Personal Trust Services, Fsb performs its advisory services is located at 1581 Axp Financial Center, Minneapolis, MN 55474, 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 801-945-4050 or by fax 612-671-5772. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday.