The Helmstar Group, LLC (Boise)

Name: The Helmstar Group, LLC
Address: 250 South 5 Th Street, Boise, ID, 83702
Telephone: 208-429-0800

The Helmstar Group, LLC is a large advisory firm based in Boise. It manages $165.75 million of regulatory assets for 1,182 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, Idaho, Nebraska, and 3 other states.

The Helmstar Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and general inv. consulting non-sec. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Helmstar Group: assets under management

The assets under management (AUM) of The Helmstar Group, LLC is $165.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 50% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $165.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $140.23 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 85% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio. Investments in investment grade corporate bonds form 2% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of The Helmstar Group is high net worth individuals with 101 clients and $112.52 million of assets under management. Among the 9 most similar advisory firms, The Helmstar Group has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $165.75 million for 399 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.

The Helmstar Group doesn't advise any private funds.

Careers at The Helmstar Group, LLC

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 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.

The Helmstar Group, LLC is owned by Thomas Frank Steelman. Benjamin Hans Boettcher joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Frank Steelman	Owner/chief compliance officer/ qualifying officer	1 Aug 2007	50% - 75%	4828067
Benjamin Hans Boettcher	Owner	1 Aug 2007	50% - 75%	4529609

Based in Boise

The principal office where The Helmstar Group, LLC performs its advisory services is located at 250 South 5 Th Street, Boise, ID 83702, 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 208-429-0800 or by fax 208-429-0801. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at helmstargroup.com.