Guardian Wealth Advisors, LLC (Bloomington)

Name: Guardian Wealth Advisors, LLC
Address: 8201 Norman Center Drive, Suite 420, Bloomington, MN, 55437
Telephone: 952-746-3211

Guardian Wealth Advisors, LLC is a large advisory firm based in Bloomington. It manages $149.48 million of regulatory assets for 512 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Louisiana, Minnesota, Nebraska, and Texas.

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

Guardian Wealth Advisors: assets under management

The assets under management (AUM) of Guardian Wealth Advisors, LLC is $149.48 million. The firm's AUM has grown by 20% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $84.31 million in discretionary accounts and $65.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $208.68 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $603.42 thousand.

Guardian Wealth Advisors has custody of $71.68 million in cash and securities for 60 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 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 39% of the firm’s portfolio. Investments in other assets form 7% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Guardian Wealth Advisors is high net worth individuals with 54 clients and $118.45 million of assets under management. Among the 11 most similar advisory firms, Guardian Wealth Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $148.11 million for 167 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.

Guardian Wealth Advisors doesn't advise any private funds.

Careers at Guardian Wealth Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 50 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gregory Scott Kulka	Chief executive officer, chief compliance officer	1 Apr 2007	Other	1751829
Kulka Holdings Llc	Owner	1 Apr 2007	50% - 75%	xxx-xx-xxxx
Stephen Anthony Hirsch	Chief financial officer	1 Sep 2011	50% - 75%	2558022

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Gregory Scott Kulka	Member	1 Jan 2007	50% - 75%	1751829

Based in Bloomington

The principal office where Guardian Wealth Advisors, LLC performs its advisory services is located at 8201 Norman Center Drive, Suite 420, Bloomington, MN 55437, 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 952-746-3211 or by fax 952-746-3212. The normal business hours are 8:00 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at guardian-wealth.com.