Work Optional, Inc. is a large advisory firm based in Plymouth. It manages $118.14 million of regulatory assets for 968 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Minnesota, Texas, and Wisconsin.
Work Optional provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, and seminars. 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 Work Optional, Inc. is $118.14 million. The firm's AUM has grown by 88% 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 Work Optional, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 and high net worth individuals. The largest group of clients of Marc Daniel Langva is individuals with 281 clients and $71.95 million of assets under management. Among the 8 most similar advisory firms, Work Optional has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $118.14 million for 306 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.
Work Optional doesn't advise any private funds.
The company employs 9 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 4 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.
Marc Daniel Langva has been acting as President since 1 Jun 2003. Derick L. Gallagher joined the executive team most recently as the Chief Compliance Officer.
The principal office where Work Optional, Inc. performs its advisory services is located at 3360 B Annapolis Lane North, Plymouth, MN 55447, which is also the mailing address of the firm. An additional office of the firm is in Minnetonka, MN. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 952-475-7000 or by fax 952-475-7001. The normal business hours are 8:00 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at workoptional.com and its LinkedIn profile.