Birchwood Financial Partners, Inc. (Edina)

Name: Birchwood Financial Partners, Inc.
Address: 3300 Edinborough Way, Edina, MN, 55435
Telephone: 952-885-9088

Birchwood Financial Partners, Inc. is a large advisory firm based in Edina. It manages $370.32 million of regulatory assets for 1,389 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Arizona, California, Florida, and 6 other states.

Birchwood Financial Partners provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Birchwood Financial Partners: assets under management

The assets under management (AUM) of Birchwood Financial Partners, Inc. is $370.32 million. The firm's AUM has grown by 196% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $349.28 million in discretionary accounts and $21.04 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $256.83 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $725.42 thousand.

Birchwood Financial Partners has custody of $132.4 million in cash and securities for 287 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 87% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in government bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Birchwood Financial Partners, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Birchwood Financial Partners 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 Birchwood Financial Partners is high net worth individuals with 216 clients and $256.91 million of assets under management. Among the 9 most similar advisory firms, Birchwood Financial Partners has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $370.32 million for 598 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.

Birchwood Financial Partners doesn't advise any private funds.

Careers at Birchwood Financial Partners, Inc.

The company employs 9 people that are either part- or full-time employees. 100 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.

Birchwood Financial Partners, Inc. is owned by Dana Marie Brewer. Ellen Marie White Johnson joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Dana Marie Brewer	Owner	1 Nov 2007	25% - 50%	2955532
Kay Ellen Kramer	Owner	1 Nov 2007	Other	1351681
Mary Bridget Miller Handke	Owner	1 Nov 2007	Other	4895416
Damian John Winther	Owner	1 Nov 2007	Other	4812600
Stephen Boyd Dixon	Owner	1 Nov 2007	Other	5455240
Ellen Marie White Johnson	Chief compliance officer	1 Mar 2014	Other	5189001

Based in Edina

The principal office where Birchwood Financial Partners, Inc. performs its advisory services is located at 3300 Edinborough Way, 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 952-885-9088 or by fax 952-887-2949. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at klbfinancial.com.