Twele Capital Management, Inc. (Minnetonka)

Twele Capital Management, Inc. is a large advisory firm based in Minnetonka. It manages $452.2 million of regulatory assets for 158 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Minnesota and Missouri.

Twele Capital Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Twele Capital Management: assets under management

The assets under management (AUM) of Twele Capital Management, Inc. is $452.2 million. The firm's AUM has grown by 539% since the beginning of its operation, and $662.57 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $451.94 million in discretionary accounts and $258.58 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.92 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $86.19 thousand.

Twele Capital Management has custody of $6.36 million in cash and securities for 19 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Twele Capital Management, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Twele Capital Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Twele Capital Management is pension and profit sharing plans with 3 clients and $394.42 million of assets under management. Among the 10 most similar advisory firms, Twele Capital Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $452.2 million for 98 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Twele Capital Management doesn't advise any private funds.

Careers at Twele Capital Management, Inc.

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Maressia Ann Twele	Chief financial officer	1 Jan 2004	25% - 50%	4751252
John Anthony Twele	President & chief executive officer	1 Jan 2004	25% - 50%	1570378
Joseph Eugene Stratmann	Chief compliance officer & coo	1 Jan 2013	Other	6161814
Brent Douglas Mellum	Principal & portfolio manager	1 Dec 2014	Other	2436763

Based in Minnetonka

The principal office where Twele Capital Management, Inc. performs its advisory services is located at 5601 Smetana Drive, Minnetonka, MN 55343, 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 952 887 9253 or by fax 952 938 5934. The normal business hours are 8:00 am to 4:00 pm on Monday - Friday.