Ranstrom Berg Wealth Management, LLC (Fargo)

Name: Ranstrom Berg Wealth Management, LLC
Address: 2632 47 Th St S., Fargo, ND, 58104
Telephone: 701-293-5789

Ranstrom Berg Wealth Management, LLC is a large advisory firm based in Fargo. It manages $112.5 million of regulatory assets for 869 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Minnesota, North Dakota, and Texas.

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

Ranstrom Berg Wealth Management: assets under management

The assets under management (AUM) of Ranstrom Berg Wealth Management, LLC is $112.5 million. The firm's AUM has gone down by -22% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $104.5 million in discretionary accounts and $8 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $121.94 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $666.67 thousand.

Ranstrom Berg Wealth Management has custody of $2.69 million in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 63% of the total AUM. The second-largest asset type is investment and business development companies, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ranstrom Berg Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ranstrom Berg Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Ranstrom Berg Wealth Management is high net worth individuals with 66 clients and $64 million of assets under management. Among the 12 most similar advisory firms, Ranstrom Berg Wealth Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $112.5 million for 396 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.

Ranstrom Berg Wealth Management doesn't advise any private funds.

Careers at Ranstrom Berg Wealth Management, 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 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Doyle Arvid Ranstrom	Member	1 Aug 2011	50% - 75%	1194105
Courtney Elizabeth Ranstrom	Member/chief compliance officer	1 Aug 2011	Other	5648835
Morgan K Ranstrom	Member	1 Aug 2011	Other	4674255
Ryan Steven Berg	Member	1 Aug 2011	Other	4718436
Ryan Steven Berg	Member	1 Dec 2016	75% - 100%	4718436
Courtney Elizabeth Ranstrom	Chief compliance officer	1 Dec 2016	Other	5648835
Stephanie L Ternes	Chief compliance officer	1 Jul 2017	Other	5198724

Based in Fargo

The principal office where Ranstrom Berg Wealth Management, LLC performs its advisory services is located at 2632 47 Th St S., Fargo, ND 58104, 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 701-293-5789 or by fax 701-293-0331. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at ranstrom.com.