Thomas Leo Advisory, LLC (Minneapolis)

Name: Thomas Leo Advisory, LLC
Address: 4 Th Floor, 1330 Lagoon Avenue, Minneapolis, MN, 55408
Telephone: 612-208-1641

Thomas Leo Advisory, LLC is a large advisory firm based in Minneapolis. It manages $99.94 million of regulatory assets for 311 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of Minnesota.

Thomas Leo Advisory provides financial planning services, portfolio management for individuals and small businesses, and robo-advisory services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Thomas Leo Advisory: assets under management

The assets under management (AUM) of Thomas Leo Advisory, LLC is $99.94 million. The firm's AUM has grown by 185% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $96.94 million in discretionary accounts and $3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $323.14 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $272.73 thousand.

Thomas Leo Advisory has custody of $99.94 million in cash and securities for 109 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment and business development companies, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Thomas Leo Advisory, LLC for their services and products based on a percentage of assets under management, hourly charges, and 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 Thomas Leo Advisory serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Thomas Leo Advisory is individuals with 93 clients and $63.91 million of assets under management. Among the 7 most similar advisory firms, Thomas Leo Advisory has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $99.94 million for 109 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.

Thomas Leo Advisory doesn't advise any private funds.

Careers at Thomas Leo Advisory, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
Leo Christopher Arms	Managing member and chief compliance officer	1 Oct 2011	75% - 100%	3242008

Based in Minneapolis

The principal office where Thomas Leo Advisory, LLC performs its advisory services is located at 4 Th Floor, 1330 Lagoon Avenue, 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 612-208-1641. The normal business hours are 8 a.m. - 4 p.m. on Monday - Friday. You can find more information about the New York firm at thomasleoadvisory.com.