Punch & Associates Investment Management, Inc. (Edina)

Name: Punch & Associates Investment Management, Inc.
Address: 7701 France Avenue South, Edina, MN, 55435
Telephone: (952) 224-4350

Punch & Associates Investment Management, Inc. is a large advisory firm based in Edina. It manages $1.16 billion of regulatory assets for 1,697 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Arizona, California, Colorado, and 12 other states.

Punch & Associates Investment Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Punch & Associates Investment Management: assets under management

The assets under management (AUM) of Punch & Associates Investment Management, Inc. is $1.16 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 703% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.16 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $686.05 thousand each.

Punch & Associates Investment Management has custody of $73.48 million in cash and securities for 63 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is investment and business development companies, which make up 23% 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 Punch & Associates Investment Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Punch & Associates Investment Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Punch & Associates Investment Management is high net worth individuals with 138 clients and $526.64 million of assets under management. Among the 8 most similar advisory firms, Punch & Associates Investment Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.16 billion for 479 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.

Punch & Associates Investment Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $500,000.

Careers at Punch & Associates Investment Management, Inc.

The company employs 15 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 8 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
Howard Dean Punch	President & chief investment officer	1 Jul 2001	75% - 100%	1189430
Andrew John Matysik	Managing partner	1 Jul 2002	Other	3091321
Nancy (Nmn) Caselli	Director of operations / chief compliance officer	1 Oct 2004	Other	1754677
Nancy Ann Bohlman	Chief compliance officer	1 Oct 2004	Other	1754677
Nancy (Nmn) Bohlman	Director of operations / chief compliance officer	1 Oct 2004	Other	1754677
John Claude Carraux	Managing partner & portfolio manager	1 Jan 2013	Other	6179709
Jessica Brooke Johnson	Managing partner	1 Jul 2017	Other	6836404

Based in Edina

The principal office where Punch & Associates Investment Management, Inc. performs its advisory services is located at 7701 France Avenue South, Edina, MN 55435, 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) 224-4350 or by fax (952) 224-4351. 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 punchinvest.com/.