Calhoun Wealth Management, LLC (Minneapolis)

Calhoun Wealth Management, LLC is an adviser based in Minneapolis. It manages $37 million of regulatory assets for 239 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Minnesota.

Calhoun Wealth Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Calhoun Wealth Management: assets under management

The assets under management (AUM) of Calhoun Wealth Management, LLC is $37 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $37 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $154.81 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Calhoun Wealth Management, LLC for their services and products based on a percentage of assets under management. 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 Calhoun Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Calhoun Wealth Management is individuals with 105 clients and $28 million of assets under management. Among the 2 most similar advisory firms, Calhoun Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $37 million for 110 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.

Calhoun Wealth Management doesn't advise any private funds.

Careers at Calhoun Wealth Management, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Verdie Aamot	Managing member and chief compliance officer	1 Jan 2016	75% - 100%	2842177
Thomas Verdie Aamot	Managing member and chief compliance officer	1 Jan 2017	75% - 100%	2842177

Based in Minneapolis

The principal office where Calhoun Wealth Management, LLC performs its advisory services is located at 333 Washington Ave N, Suite 415, Minneapolis, MN 55401, 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 612-465-8582. The normal business hours are 9am to 5pm on Monday - Friday.