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Mcgladrey Wealth Management LLC (Minneapolis)


Mcgladrey Wealth Management LLC is a large advisory firm based in Minneapolis. It manages $5.02 billion of regulatory assets for 11,049 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

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Mcgladrey Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and advisory services including investment review and reporting of non-managed assets and retirement plan services to plans. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mcgladrey Wealth Management: assets under management

The assets under management (AUM) of Mcgladrey Wealth Management LLC is $5.02 billion. The firm's AUM has grown by 21% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $4.13 billion in discretionary accounts and $890.53 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $445.52 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $499.73 thousand.
Mcgladrey Wealth Management has custody of $11.7 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mcgladrey Wealth Management 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.

Based in Minneapolis

The principal office where Mcgladrey Wealth Management LLC performs its advisory services is located at 801 Nicollet Mall, Minneapolis, MN 55402 2526, which is also the mailing address of the firm. An additional office of the firm is in Des Moines, IA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 612-376-9363 or by fax 612-395-7400. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at mcgladrey.com/content/mcgladrey/en_us/what-we-do/services/wealth-management.html.


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