Prestige Planning, Inc. (Woodbury)

Name: Prestige Planning, Inc.
Address: 652 Bielenberg Drive, Woodbury, MN, 55125
Telephone: 651-209-9333

Prestige Planning, Inc. is a large advisory firm based in Woodbury. It manages $240.81 million of regulatory assets for 906 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Minnesota, and 3 other states.

Prestige Planning provides financial planning services, portfolio management for individuals and small businesses, and financial/qualified plans/retirement planning seminars. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Prestige Planning: assets under management

The assets under management (AUM) of Prestige Planning, Inc. is $240.81 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 268% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $240.81 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $265.79 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 83% of the total AUM. The second-largest asset type is exchange traded securities, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Prestige Planning, Inc. 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 Charles Alan Blossom serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Charles Alan Blossom is high net worth individuals with 133 clients and $182.73 million of assets under management. Among the 13 most similar advisory firms, Prestige Planning has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $240.81 million for 347 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.

Prestige Planning doesn't advise any private funds.

Careers at Prestige Planning, Inc.

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Prestige Planning, Inc. is owned by Judith Eileen Blossom. Charles Alan Blossom has been acting as President since 1 Jan 1990. Denise Jean Rich joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Alan Blossom	President/chief compliance officer	1 Jan 1990	75% - 100%	728958
Judith Eileen Blossom	Corporate secretary	1 Jan 1993	Other	2835773
Judith Eileen Blossom	Owner	1 Aug 2017	75% - 100%	2835773
Heidi Jo Helmeke	Chief compliance officer & chief executive officer	1 Sep 2017	Other	2302043
Denise Jean Rich	Cco	1 Jun 2019	Other	4629515

Based in Woodbury

The principal office where Prestige Planning, Inc. performs its advisory services is located at 652 Bielenberg Drive, Woodbury, MN 55125, 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 651-209-9333 or by fax 651-209-9334. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at prestigewm.com.