Primevest Financial Services, Inc. (St Cloud)

Name: Primevest Financial Services, Inc.
Address: 400 First St South Ste 300, St Cloud, MN, 56301 3600
Telephone: 320-656-4300

Primevest Financial Services, Inc. is a large advisory firm based in St Cloud. It manages $776.1 million of regulatory assets for 3,929 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Primevest Financial Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Primevest Financial Services: assets under management

The assets under management (AUM) of Primevest Financial Services, Inc. is $776.1 million. The firm's AUM has grown by 18% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $166.86 million in discretionary accounts and $609.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $126.41 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $233.51 thousand.

Primevest Financial Services has custody of $776.1 million in cash and securities for 3,929 clients in total and acts as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Primevest Financial Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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.

Careers at Primevest Financial Services, Inc.

Robert Charles Sallpante has been acting as President since 1 Dec 1999. James Walter Shay joined the executive team most recently as the Head Of Risk Management.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kevin Paul Maas	Vp compliance, asst. secretary	1 Apr 1994	Other	2692487
Reliastar Financial Corp.	Sole shareholder	1 Oct 1996	75% - 100%	41-1620373
Leann Renee Rummelmccool	Vp	1 Feb 1998	Other	1965155
Leann Renee Rummel	Vice president and national sales director	1 Feb 1998	Other	1965155
Margaret Jane Hill	Asst. secretary	1 Apr 1998	Other	xxx-xx-xxxx
Gregory Alan Olson	Asst. secretary	1 Apr 1998	Other	2692482
Loralee Ann Renelt	Asst. secretary	1 Apr 1998	Other	xxx-xx-xxxx
Randall Lee Ciccati	President, ceo, director	1 Jul 1998	Other	1569353
Christopher Jon Reinholz	Asst. vp	1 Sep 1998	Other	1961258
Kimberley Ann Holweger	Asst. vp	1 Mar 1999	Other	1572778
Jean Marie Lund	Asst. vp and treasurer	1 Nov 1999	Other	1995478
Robert Charles Sallpante	Director	1 Dec 1999	Other	xxx-xx-xxxx
Valerie Ann Arendell	Vice president	1 Oct 2000	Other	1181763
Paul Edward Woodward	Vice president	1 Oct 2000	Other	2003231
Paula Cludray Engelke	Asst. secretary	1 Jan 2001	Other	3097166
Colleen Mary Hahn	Assistant vice president	1 Jun 2001	Other	3049094
Edward Bruce Miller	Vice president	1 Aug 2001	Other	1680275
Boyd George Combs	Senior vice president, tax	1 Oct 2001	Other	41-1483314
Allissa Archer Obler	Assistant secretary	1 Oct 2001	Other	41-1483314
Rebecca A Schoff	Assistant secretary	1 Oct 2001	Other	41-1483314
Glenn Allan Black	Tax officer	1 Oct 2001	Other	41-1483314
Joseph J Elmy	Tax officer	1 Oct 2001	Other	41-1483314
G Michael Fell	Tax officer	1 Oct 2001	Other	41-1483314
James Taylor	Tax officer	1 Oct 2001	Other	41-1483314
William Zolkowski	Tax officer	1 Oct 2001	Other	41-1483314
Glenn Black	Tax officer	1 Oct 2001	Other	xxx-xx-xxxx
George Michael Fell	Tax officer	1 Oct 2001	Other	xxx-xx-xxxx
Clinton Sr Williams	Executive vice president, coo	1 Oct 2001	Other	2479051
Ladonna Jean Dillon	Asst. vp	1 Oct 2001	Other	1076897
Miles Zev Gordon	Director	1 Nov 2001	Other	xxx-xx-xxxx
Mark Paul Shelson	Vice president/ chief financial officer	1 Jun 2002	Other	1819252
John Stephen Simmers	Director/ chairman	1 Jun 2002	Other	xxx-xx-xxxx
Frederick Charles Litow	Vice president	1 Oct 2002	Other	1205901
Joseph James Elmy	Vice president, tax	1 Nov 2002	Other	4768240
Terry Owens	Tax officer	1 Nov 2002	Other	xxx-xx-xxxx
Inc. Lion Connecticut Holdings	Sole shareholder	1 Dec 2002	75% - 100%	02-0488491
John Stephen Simmers	Director/ vice president	1 Jan 2003	Other	xxx-xx-xxxx
David Scott Pendergrass	Senior vice president/ treasurer	1 Jan 2003	Other	xxx-xx-xxxx
Jackie Lisa Figliola	Vice president	1 Jan 2003	Other	xxx-xx-xxxx
Cynthia A Hamel	Vice president	1 Jan 2003	Other	xxx-xx-xxxx
Jack Raymond Jr Handy	Vice president	1 Jan 2003	Other	xxx-xx-xxxx
Norman Mark Marr	Vice president	1 Jan 2003	Other	xxx-xx-xxxx
Frederick Charles Litow	Vice president and assistant treasurer	1 Jan 2003	Other	xxx-xx-xxxx
Renee Evelyn Mckenzie	Vice president, assistant treasurer and assistant secretary	1 Jan 2003	Other	xxx-xx-xxxx
Stanley Robert Smiley	Vice president	1 Mar 2004	Other	3004604
Cynthia A Hamel	Director	1 Sep 2004	Other	xxx-xx-xxxx
Norman Mark Marr	Director, vice president	1 Sep 2004	Other	xxx-xx-xxxx
Valerie Gay Brown	Director, vice president	1 Sep 2004	Other	4619265
Kerry Elizabeth Cunningham	Director	1 Sep 2004	Other	4466477
Stanley Robert Smiley	Vice president	1 Apr 2005	Other	3004604
Diana Cavender	Assistant secretary	1 Apr 2005	Other	xxx-xx-xxxx
Dawn Peck	Vice president, assistant treasurer	1 Apr 2005	Other	4822915
David Scott Pendergrass	Vice president, treasurer	1 Apr 2005	Other	4346314
Edwina Steffer	Assistant secretary	1 Apr 2005	Other	xxx-xx-xxxx
Valerie Gay Brown	Director, vice president	1 Apr 2005	Other	4619265
Terry Owens	Tax officer	1 Apr 2005	Other	xxx-xx-xxxx
Catherine Mccormack Bonneau	Chief operating officer, vice president	1 Dec 2005	Other	2899706
Joy Michelle Benner	Secretary	1 Feb 2006	Other	xxx-xx-xxxx
Randall Price	Assistant secretary	1 Feb 2006	Other	xxx-xx-xxxx
Melissa Skinner	Assistant secretary	1 Feb 2006	Other	xxx-xx-xxxx
Sean Patrick Casey	Vice president, director of business development	1 Aug 2006	Other	2156290
Susan M. Vega	Assistant secretary	1 Jan 2007	Other	xxx-xx-xxxx
Glenn Black	Tax officer	1 Jan 2007	Other	xxx-xx-xxxx
Kevin Michael Laraia	Director	1 Mar 2007	Other	2456743
Kerry Elizabeth Cunningham	Director	1 Mar 2007	Other	4466477
Michael Dennis Burns	Chief compliance officer	1 May 2008	Other	2030617
Inc. Cetera Financial Group	Shareholder; 100% of common stock	1 Jan 2010	75% - 100%	30-0588666
Valerie Gay Brown	Director and chairman	1 Feb 2010	Other	4619265
Gregory Alan Olson	Assistant secretary	1 Feb 2010	Other	xxx-xx-xxxx
Barnaby James Grist	Director and vice president	1 Oct 2010	Other	3220850
Cynthia A Hamel	Vice president	1 Oct 2010	Other	3014361
James Walter Shay	Head of risk management	1 Apr 2012	Other	3247381
Bryan K Jacobsen	Advisory cco	1 Apr 2012	Other	3055957

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ing Verzekeringen Nv	Sole shareholder	1 Dec 1963	75% - 100%
Ing Insurance International Bv	Sole shareholder	1 Apr 1977	75% - 100%
Ing Groep Nv	Sole shareholder	1 Mar 1991	75% - 100%
Inc. Ing America Insurance Holdings	Sole shareholder	1 Sep 2000	75% - 100%	52-1222820
Donald Baird Marron	Sole member	1 Mar 2001	75% - 100%	320532
L.P. Lightyear Fund Ii Gp	General partner	1 Aug 2005	75% - 100%	20-3852817
Llc Lightyear Fund Ii Gp Holdings	General partner	1 Aug 2005	75% - 100%	20-3852557
Llc Marron & Associates	Managing member	1 Aug 2005	75% - 100%	13-4146065
Llc Chestnut Venture Holdings	Sole member	1 Dec 2007	75% - 100%	13-4162378
Inc. Cetera Financial Holdings	Shareholder; 100% of common stock	1 Nov 2009	75% - 100%	30-0588663
L.P. Lightyear Fund Ii	Shareholder; 99.736% of common stock	1 Nov 2009	75% - 100%	20-3859450

Based in St Cloud

The principal office where Primevest Financial Services, Inc. performs its advisory services is located at 400 First St South Ste 300, St Cloud, MN 56301 3600 The mailing address of the firm is P.O. Box 283, St. Cloud, MN 56302. An additional office of the firm is in El Monte, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 320-656-4300 or by fax 320-656-4391. The normal business hours are 8 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at www.primevest.com.