Financial Concepts Of The Twin Cities, Inc. (Plymouth)


Financial Concepts Of The Twin Cities, Inc. is a large advisory firm based in Plymouth. It manages $1.5 billion of regulatory assets for 586 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdiction of Minnesota.

Financial Concepts Of The Twin Cities provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Concepts Of The Twin Cities: assets under management

The assets under management (AUM) of Financial Concepts Of The Twin Cities, Inc. is $1.5 billion. The firm's AUM has grown by 2839% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $188.8 million in discretionary accounts and $1.31 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $343.9 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $35.41 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Concepts Of The Twin Cities, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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.

Careers at Financial Concepts Of The Twin Cities, Inc.

Robert Zuccaro has been acting as President since 1 Nov 2003. Patriot Intermediate Holdings B. Corp. joined the executive team most recently as the Owner.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
National Financial Partners Corporation Shareholder 1 Jan 1999 75% - 100% 13-4029115
Anthony Allen Cardinal Director,executive vice president, treasurer and chief compliance officer 1 Jan 2001 Other 1907461
Thomas Earl Miller Director and president 1 Jan 2001 Other 1639180
James Richard Sarych Director and executive vice president 1 Jan 2001 Other 1953837
Robert Zuccaro Director 1 Nov 2003 Other 4347931
Brett Ronald Schneider Director 1 Jan 2009 Other 5636953
Lori Michell Lieser Vice president 1 Jan 2009 Other 2131475

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Patriot Intermediate Holdings B. Corp. Owner 1 Jul 2013 75% - 100% 46-2704384
Patriot Intermediate Holdings A. Corp Owner 1 Jul 2013 75% - 100% 46-2723281
Llc Patriot Investment Holdings Owner 1 Jul 2013 75% - 100% 30-0781325
L.P. Madison Dearborn Capital Partners Vi A Owner 1 Jul 2013 75% - 100% 26-1274415.
L.P. Madison Dearborn Partners Vi A&C General partner 1 Jul 2013 Other 26-1267403
Madison Dearborn Partners General partner 1 Jul 2013 Other 157349

Based in Plymouth

The principal office where Financial Concepts Of The Twin Cities, Inc. performs its advisory services is located at 9655 Schmidt Lake Road, Plymouth, MN 55442, 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 763-450-1800 or by fax 763-450-1801. The normal business hours are 8 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at www.fci-benefits.com.

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