Cliftonlarsonallen Wealth Advisors, LLC (Minneapolis)

Name: Cliftonlarsonallen Wealth Advisors, LLC
Address: 220 South 6 Th Street, Minneapolis, MN, 55402 1418
Telephone: 612-376-4777

Cliftonlarsonallen Wealth Advisors, LLC is a large advisory firm based in Minneapolis. It manages $3.62 billion of regulatory assets for 10,825 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Arizona, California, Colorado, and 35 other states.

Cliftonlarsonallen Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 2,500 clients. On top of advisory services, the firm also engages as merger & acquisition.

Cliftonlarsonallen Wealth Advisors: assets under management

The assets under management (AUM) of Cliftonlarsonallen Wealth Advisors, LLC is $3.62 billion. The firm's AUM has grown by 137% since the beginning of its operation, and $4.84 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.68 billion in discretionary accounts and $938.96 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $324.89 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $363.23 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 35% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in other assets form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cliftonlarsonallen Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cliftonlarsonallen Wealth Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Cliftonlarsonallen Wealth Advisors is high net worth individuals with 784 clients and $2.29 billion of assets under management. Among the 9 most similar advisory firms, Cliftonlarsonallen Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $3.62 billion for 3,896 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Cliftonlarsonallen Wealth Advisors doesn't advise any private funds.

Careers at Cliftonlarsonallen Wealth Advisors, LLC

The company employs 104 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 83 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.

Matthew Brent Johnson joined the executive team most recently as the Principal Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Antony Reed Hallada	Chief executive officer	1 Nov 2001	Other	2009640
Randall Lee Wetherille	Chief compliance officer	1 Jul 2011	Other	1506445
Clinton Allen Marvel	Chief financial officer	1 Oct 2011	Other	5113086
Llc Cliftonlarsonallen Financial	Sole member	1 Jan 2012	75% - 100%	45-4080978
Allen Joseph Nanninga	Chief financial officer	1 Feb 2012	Other	4367941
Matthew Brent Johnson	Chief financial officer	1 Mar 2013	Other	5366417
Cliftonlarsonallen Llp	Sole member	1 Sep 2014	75% - 100%	41-0746749
John Robert Urosevich	Chief operating officer	1 Nov 2014	Other	2852071
Brian Jacob Buffie	Chief compliance officer	1 Jan 2016	Other	5532207
Bruce Gerald Bushman	Chief executive officer	1 Jan 2017	Other	1097277
Matthew Brent Johnson	Principal financial officer	1 Oct 2018	Other	5366417

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Cliftonlarsonallen Llp	Sole member	1 Jan 2012	75% - 100%	41-0746749

Based in Minneapolis

The principal office where Cliftonlarsonallen Wealth Advisors, LLC performs its advisory services is located at 220 South 6 Th Street, Minneapolis, MN 55402 1418, which is also the mailing address of the firm. An additional office of the firm is in Appleton, WI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 612-376-4777 or by fax 612-376-4690. 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 claconnect.com.