Counsel Wealth Management, Inc. (Arden Hills)

Name: Counsel Wealth Management, Inc.
Address: 6 Pine Tree Drive, Arden Hills, MN, 55112
Telephone: 651-639-8707

Counsel Wealth Management, Inc. is a large advisory firm based in Arden Hills. It manages $147.18 million of regulatory assets for 1,654 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Arizona, California, Colorado, and 7 other states.

Counsel Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Counsel Wealth Management: assets under management

The assets under management (AUM) of Counsel Wealth Management, Inc. is $147.18 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -24% since the beginning of its operation, and $465.55 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $147.18 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $88.99 thousand each.

Counsel Wealth Management has custody of $87.71 million in cash and securities for 461 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 45% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in exchange traded securities form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Counsel Wealth Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Paul Stuart Mccready serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Paul Stuart Mccready is individuals with 527 clients and $118.01 million of assets under management. Among the 11 most similar advisory firms, Counsel Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $147.18 million for 545 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Counsel Wealth Management doesn't advise any private funds.

Careers at Counsel Wealth Management, Inc.

The company employs 12 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. 5 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 receive compensation from other entities for client referrals.

Paul Stuart Mccready has been acting as President since 1 Nov 1987. Mitchell Alan Wood joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul Stuart Mccready	President/chief compliance officer	1 Nov 1987	75% - 100%	1056524
Mitchell Alan Wood	Chief operating officer	1 Jan 2018	Other	5029363

Based in Arden Hills

The principal office where Counsel Wealth Management, Inc. performs its advisory services is located at 6 Pine Tree Drive, Arden Hills, MN 55112, 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 651-639-8707 or by fax 651-639-8807. 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 counselwealthmanagement.com and its LinkedIn profile.