Releve Financial Group, LLC (Woodbury)

Name: Releve Financial Group, LLC
Address: 724 Bielenberg Drive, Woodbury, MN, 55125
Telephone: 612-801-5416

Releve Financial Group, LLC is a large advisory firm based in Woodbury. It manages $159.49 million of regulatory assets for 1,298 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, and Minnesota.

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

Releve Financial Group: assets under management

The assets under management (AUM) of Releve Financial Group, LLC is $159.49 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 31% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $159.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $122.87 thousand each.

Releve Financial Group has custody of $49.88 million in cash and securities for 47 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 92% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Releve Financial Group, LLC for their services and products based on a percentage of assets under management. 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.

What kind of clients Releve Financial Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Releve Financial Group is high net worth individuals with 61 clients and $105.38 million of assets under management. Among the 8 most similar advisory firms, Releve Financial Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $159.49 million for 212 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.

Releve Financial Group doesn't advise any private funds.

Careers at Releve Financial Group, LLC

The company employs 5 people that are either part- or full-time employees. 40 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
Dawn Deborah Jurkovich	Managing member, chief compliance officer	1 Sep 2016	75% - 100%	4366566

Based in Woodbury

The principal office where Releve Financial Group, LLC performs its advisory services is located at 724 Bielenberg Drive, Woodbury, MN 55125, which is also the mailing address of the firm. An additional office of the firm is in St. Louis Park, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 612-801-5416. The normal business hours are 9 a.m. to 4 p.m. on Monday - Friday. You can find more information about the New York firm at relevefinancialgroup.com.