Mairs And Power Inc is a large advisory firm based in St. Paul. It manages $8.6 billion of regulatory assets for 1,348 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 11 other states.
Mairs And Power provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Mairs And Power Inc is $8.6 billion. The firm's AUM has grown by 578% since the beginning of its operation, and $23.14 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Mairs And Power Inc for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of George Alexander Mairs is investment companies with 1 clients and $5.1 billion of assets under management. Among the 14 most similar advisory firms, Mairs And Power has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $8.41 billion for 615 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Mairs And Power doesn't advise any private funds.
The company employs 43 people that are either part- or full-time employees. 37 percent of the employees work as investment advisers or researchers. 11 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.
George Alexander Mairs has been acting as President since 1 Jun 1993. Kevin Vincent Earley joined the executive team most recently as the Vice President, Investment Manager & Director.
The principal office where Mairs And Power Inc performs its advisory services is located at 332 Minnesota Street, St. Paul, MN 55101 1363, 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 651-222-8478 or by fax 651-222-8470. 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 mairsandpower.com.