Jnba Financial Advisors Inc (Bloomington)

Name: Jnba Financial Advisors Inc
Address: 8500 Normandale Lake Blvd, Bloomington, MN, 55437
Telephone: 952-844-0995

Jnba Financial Advisors Inc is a large advisory firm based in Bloomington. It manages $885.25 million of regulatory assets for 3,203 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 15 other states.

Jnba Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Jnba Financial Advisors: assets under management

The assets under management (AUM) of Jnba Financial Advisors Inc is $885.25 million. The firm's AUM has grown by 347% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $859.34 million in discretionary accounts and $25.9 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $268.46 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $12.95 million.

Jnba Financial Advisors has custody of $349.59 million in cash and securities for 298 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 55% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Jnba Financial Advisors Inc 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 Judith Novins Brown serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Judith Novins Brown is high net worth individuals with 236 clients and $622.78 million of assets under management. Among the 11 most similar advisory firms, Jnba Financial Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $882.34 million for 868 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.

Jnba Financial Advisors doesn't advise any private funds.

Careers at Jnba Financial Advisors Inc

The company employs 24 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 18 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Judith Novins Brown has been acting as President since 1 Dec 1980. Kimberlee Marie Brown joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Judith Novins Brown	President	1 Dec 1980	25% - 50%	860607
Carrie Brown Richter	Shareholder	1 Nov 1985	25% - 50%	4354909
Richard Stephen Brown	C.e.o.	1 Aug 1998	75% - 100%	2205301
Troy John Mertens	C.f.o.	1 Nov 1999	Other	4362189
Patrick Daniel Moyneur	Chief compliance officer	1 Sep 2010	Other	1659288
Lawrence J. Becker	Chief compliance officer	1 Sep 2010	Other	5845923
Kimberlee Marie Brown	Chief compliance officer	1 Apr 2011	Other	5912633
Kimberlee Brown	Chief compliance officer	1 Apr 2011	Other	5912633

Based in Bloomington

The principal office where Jnba Financial Advisors Inc performs its advisory services is located at 8500 Normandale Lake Blvd, Bloomington, MN 55437, which is also the mailing address of the firm. An additional office of the firm is in Bonita Springs, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 952-844-0995 or by fax 952-844-0996. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at jnba.com and its LinkedIn profile.