Discipline Advisors, Inc. (Mankato)


Discipline Advisors, Inc. is a large advisory firm based in Mankato. It manages $121.67 million of regulatory assets for 492 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Arizona, Colorado, Florida, and 5 other states.

Discipline Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, 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.

Discipline Advisors: assets under management

The assets under management (AUM) of Discipline Advisors, Inc. is $121.67 million. The firm's AUM has grown by 6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $67.53 million in discretionary accounts and $54.14 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $187.59 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $410.16 thousand.

Investments

The firm invests in pooled investment vehicles 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 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Discipline Advisors, Inc. for their services and products based on a percentage of assets under management and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Joseph Gerald Michaletz serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Joseph Gerald Michaletz is high net worth individuals with 83 clients and $87.58 million of assets under management. Among the 10 most similar advisory firms, Discipline Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $119.04 million for 210 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.

Discipline Advisors doesn't advise any private funds.

Careers at Discipline Advisors, Inc.

The company employs 10 people that are either part- or full-time employees. 30 percent of the employees work as investment advisers or researchers. 6 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.

Discipline Advisors, Inc. is owned by Naomi Anne Nagy. Joseph Gerald Michaletz has been acting as President since 1 Dec 2005. Ernest George Strauss joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Joseph Gerald Michaletz President/chief compliance officer 1 Dec 2005 75% - 100% 1327534
Joseph Gerard Michaletz President 1 Dec 2005 75% - 100% 1327534
Jann Lynne Veroeven Chief operating officer 1 Dec 2005 Other 4072557
Naomi Anne Nagy Chief compliance officer 1 Dec 2005 Other 1034083
Naomi Anne Nagy Owner 1 May 2011 Other 1034083
Christine Ellen Michaletz Secretary/treasurer 1 Jun 2011 Other 6004009
Christine Ellen Michaletz Vp/secretary/treasurer/chief compliance officer 1 Jun 2015 Other 6004009
Kyle Michael Koch Chief compliance officer 1 Jul 2017 Other 1865093
Ernest George Strauss Chief compliance officer 1 Apr 2019 Other 4660664

Based in Mankato

The principal office where Discipline Advisors, Inc. performs its advisory services is located at 150 St. Andrews Ct., Mankato, MN 56001, 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 507-625-5876 or by fax 507-625-2491. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at disciplineadvisors.com.