Questar Asset Management, Inc. is a large advisory firm based in Minneapolis. It manages $1.05 billion of regulatory assets for 6,432 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.
Questar Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Questar Asset Management, Inc. is $1.05 billion. The firm's AUM has grown by 2378% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Questar Asset Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Thomas Patrick Burns is individuals with 4,450 clients and $985.53 million of assets under management. Among the 13 most similar advisory firms, Questar Asset Management has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $1.05 billion for 4,519 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.
Questar Asset Management doesn't advise any private funds.
The company employs 431 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 431 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 don’t receive compensation from other entities for client referrals.
Thomas Patrick Burns has been acting as President since 1 Dec 2007. Matthew Neil Kalani Fries has served as the Chief Investment Officer since 1 Oct 2007. Eric Jon Thomes joined the executive team most recently as the Chairman.
The principal office where Questar Asset Management, Inc. performs its advisory services is located at 5701 Golden Hills Drive, Minneapolis, MN 55416, which is also the mailing address of the firm. An additional office of the firm is in Greeley, CO. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 763-765-2826 or by fax 763-765-5996. The normal business hours are 8:00 a.m.- 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at questarcapital.com.