Epiq Partners, LLC (Minneapolis)


Epiq Partners, LLC is a large advisory firm based in Minneapolis. It manages $153.5 million of regulatory assets for 278 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Minnesota.

Epiq Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and consulting. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Epiq Partners: assets under management

The assets under management (AUM) of Epiq Partners, LLC is $153.5 million. The firm's AUM has grown by 39% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $131.55 million in discretionary accounts and $21.95 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $541.35 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $627.12 thousand.
Epiq Partners has custody of $33.25 million in cash and securities for 20 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 29% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Epiq Partners, LLC for their services and products based on fixed fees. 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.

What kind of clients Epiq Partners serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Epiq Partners is high net worth individuals with 43 clients and $148.27 million of assets under management. Among the 10 most similar advisory firms, Epiq Partners has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $153.5 million for 57 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.

Epiq Partners doesn't advise any private funds.

Careers at Epiq Partners, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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 compensates 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
Bruce Jeffrey Langer Managing member / chief compliance officer 1 Sep 2012 50% - 75% 4542811
Daniel Robert Aronson Managing member 1 Sep 2012 50% - 75% 2408482

Based in Minneapolis

The principal office where Epiq Partners, LLC performs its advisory services is located at 2919 Knox Avenue South, Minneapolis, MN 55408, 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) 843-4800 or by fax (612) 843-4801. The normal business hours are 8:00am - 5:00pm (ct) on Monday - Friday. You can find more information about the New York firm at epiqpartnersllc.com.

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