Sns Financial Group, LLC (Minneapolis)

Name: Sns Financial Group, LLC
Address: 43 Main Street Se, Minneapolis, MN, 55414
Telephone: 612-378-7560

Sns Financial Group, LLC is a large advisory firm based in Minneapolis. It manages $952.44 million of regulatory assets for 2,953 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, Colorado, and 21 other states.

Sns Financial Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sns Financial Group: assets under management

The assets under management (AUM) of Sns Financial Group, LLC is $952.44 million. The firm's AUM has grown by 2735% since the beginning of its operation, and $1.95 million of the total AUM is attributable to clients outside of the United States.

The firm manages $904.5 million in discretionary accounts and $47.94 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $320.86 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $357.77 thousand.

Sns Financial Group has custody of $297.61 million in cash and securities for 391 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 36% of the firm’s portfolio. Investments in investment grade corporate bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sns Financial Group, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Thomas Gifford Fee serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Thomas Gifford Fee is high net worth individuals with 382 clients and $740.59 million of assets under management. Among the 10 most similar advisory firms, Sns Financial Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $952.44 million for 907 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.

Sns Financial Group doesn't advise any private funds.

Careers at Sns Financial Group, LLC

The company employs 25 people that are either part- or full-time employees. 68 percent of the employees work as investment advisers or researchers. 17 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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.

Thomas Gifford Fee has been acting as President since 1 Jan 2017. Suzanne Marie Klapperich joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brian James Skolte	Founding member, chief executive officer	1 Dec 2009	25% - 50%	4570823
Todd Christopher Stueve	Founding member, chief customer officer	1 Dec 2009	Other	3162827
Joseph Lee Van Dam	Charter member, chief compliance officer	1 Dec 2013	Other	6262795
Tyler Jon Schelhaas	Charter member, chief operating officer	1 Dec 2013	Other	4674230
Daniel John Powers	Charter member, chief portfolio manager	1 Dec 2013	Other	5976084
Thomas Gifford Fee	President/manager	1 Jan 2017	Other	2236121
Suzanne Marie Klapperich	Chief compliance officer	1 Jan 2017	Other	3198166
Sharon Lee Calhoun	Vice president/secretary	1 Jan 2017	Other	2812184
Llc Vector Wealth Management	Member	1 Jan 2017	50% - 75%	106090
Inc Sns Holding Company	Member	1 Jan 2017	25% - 50%	81-4966933

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Gifford Fee	Member	1 Nov 1993	75% - 100%	2236121

Based in Minneapolis

The principal office where Sns Financial Group, LLC performs its advisory services is located at 43 Main Street Se, Minneapolis, MN 55414, which is also the mailing address of the firm. An additional office of the firm is in Oak Lawn, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 612-378-7560 or by fax 612-379-4895. The normal business hours are 8:00 am- 5:00 pm on Monday - Friday. You can find more information about the New York firm at snsfinancialgroup.com/.