Navpoint Financial, Inc. (Bloomington)

Name: Navpoint Financial, Inc.
Address: 3800 American Blvd West Suite 1500, Bloomington, MN, 55431
Telephone: 952-746-1115

Navpoint Financial, Inc. is a large advisory firm based in Bloomington. It manages $420.05 million of regulatory assets for 230 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, California, Florida, and 7 other states.

Navpoint Financial provides financial planning services, portfolio management for individuals and small businesses, and financial & business consulting. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Navpoint Financial: assets under management

The assets under management (AUM) of Navpoint Financial, Inc. is $420.05 million. The firm's AUM has grown by 12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $399.8 million in discretionary accounts and $20.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.82 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.03 million.

Navpoint Financial has custody of $307.97 million in cash and securities for 191 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 64% of the total AUM. The second-largest asset type is state and local bonds, which make up 24% of the firm’s portfolio. Investments in exchange traded securities form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Navpoint Financial, 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 David Gary Martell serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of David Gary Martell is high net worth individuals with 137 clients and $386.6 million of assets under management. Among the 12 most similar advisory firms, Navpoint Financial has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $420.05 million for 230 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.

Navpoint Financial doesn't advise any private funds.

Careers at Navpoint Financial, Inc.

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

Navpoint Financial, Inc. is owned by Bruce Edwin Carlson. David Gary Martell has been acting as President since 1 Aug 2008. Krista Marie Ketelsen joined the executive team most recently as the Vice President, Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bruce Edwin Carlson	Owner	1 Nov 1997	75% - 100%	1233580
Gary David Martell	Vice president	1 Nov 1997	Other	810561
David Gary Martell	Corp sec., oper. mgr	1 Apr 1998	Other	2816882
David Gary Martell	President	1 Aug 2008	Other	2816882
Krista Marie Gunderson	Corporate secretary	1 Aug 2008	Other	4674252
Krista Marie Ketelsen	Corporate secretary	1 Aug 2008	Other	4674252
Krista Marie Ketelsen	Vice president, chief compliance officer	1 Jan 2015	Other	4674252

Based in Bloomington

The principal office where Navpoint Financial, Inc. performs its advisory services is located at 3800 American Blvd West Suite 1500, Bloomington, MN 55431, 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 952-746-1115 or by fax 952-392-4605. The normal business hours are 8:30 am-4:30 pm on Monday - Friday. You can find more information about the New York firm at navpoint-financial.com.