Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
- Other
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
Carlson Capital Management, LLC Overview
Carlson Capital Management is an investment advisory firm that has been in business since 2015 and is based in Northfield, MN. They specialize in providing investment advice only, and have a fee-only fee arrangement. This means that they earn their compensation from the fees paid by their clients, rather than commissions or incentives based on recommending certain products. Their services include financial planning, portfolio management for both individuals and small businesses, and portfolio management for businesses or institutional clients. They work closely with their clients to understand their unique financial goals and investment objectives, and develop personalized strategies to help them achieve those goals. As a fee-only firm, Carlson Capital Management operates with a high level of transparency and accountability in their financial planning and portfolio management services. They prioritize the best interests of their clients over their own earnings, and this allows them to build long-term partnerships based on trust and mutual success. Overall, Carlson Capital Management is a reliable and dedicated investment advisory firm that is committed to helping their clients achieve their financial goals.
CARLSON CAPITAL MANAGEMENT, LLC is a financial advisory firm that serves a wide array of clients. Its client base includes individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, other corporation types not listed, and even other types of clients. The firm recognizes that each client has unique financial goals as well as varying risk tolerance levels that require individualized financial management strategies. With this in mind, the firm offers a range of fee structures to cater to each client's specific needs. The fee structures available to clients are dependent on the service provided by the firm, and they include percentage of assets under management (AUM) and fixed fees. Percentage of AUM is a fee structure where the client pays a percentage of their portfolio value to the firm as compensation for asset management services provided. Fixed fees, on the other hand, are set charges for particular services rendered by the firm. CARLSON CAPITAL MANAGEMENT, LLC aims to provide appropriate, unbiased and quality financial services to all clients.
Typical Clients, Fee Structures & Investment Minimum
According to the Part 2 Brochure of Carlson Capital Management, LLC, the firm has not mentioned any specific information regarding the investment minimum. Therefore, it could be concluded that Carlson Capital Management has not set any investment minimums for their clients.
How This Office Can Help Pierce County, WI Residents
Carlson Capital Management is committed to providing excellent financial management services to its clients in Pierce County, WI. The firm has the experience, expertise, and resources to assist clients in various financial situations. Whether you are planning for retirement, investing for the future, or dealing with a financial crisis, Carlson Capital Management is here to help. Someone living in Pierce County, WI, may be facing various financial challenges, such as managing debt, saving for retirement, investing for college education, or planning for unexpected events such as a job loss or medical emergency. Carlson Capital Management understands that these challenges can be overwhelming, and offers personalized solutions that are tailored to meet individual needs and goals. The firm provides a range of services, including financial planning, investment management, retirement planning, risk management, and tax planning, to help clients achieve their financial objectives and enjoy long-term financial success.
Services Offered by Carlson Capital Management, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Carlson Capital Management, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Carlson Capital Management, LLC is registered to service clients in the following states:
- Arizona
- California
- Colorado
- Connecticut
- Florida
- Illinois
- Iowa
- Kentucky
- Massachusetts
- Minnesota
- Montana
- Nebraska
- New Hampshire
- New York
- Ohio
- Oregon
- South Dakota
- Texas
- Washington
- Wisconsin
Disciplinary History
Carlson Capital Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.