The Leuthold Group, LLC (Minneapolis)

Name: The Leuthold Group, LLC
Address: 150 South Fifth Street, Minneapolis, MN, 55402
Telephone: 612-332-9141

The Leuthold Group, LLC is a large advisory firm based in Minneapolis. It manages $1.21 billion of regulatory assets for 101 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Florida, Louisiana, and 3 other states.

The Leuthold Group provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and publication of newsletters. 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 Leuthold Group: assets under management

The assets under management (AUM) of The Leuthold Group, LLC is $1.21 billion. The firm's AUM has gone down by -37% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.2 billion in discretionary accounts and $6.65 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $12.03 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.65 million.

The Leuthold Group has custody of $21.53 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is investment and business development companies, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Leuthold Group, LLC for their services and products based on a percentage of assets under management and subscription fees. 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.

What kind of clients The Leuthold Group serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of The Leuthold Group is investment companies with 5 clients and $926.75 million of assets under management. Among the 12 most similar advisory firms, The Leuthold Group has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $1.21 billion for 101 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.

The Leuthold Group also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at The Leuthold Group, LLC

The company employs 24 people that are either part- or full-time employees. 50 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Weeden Investors Lp	Member	1 Mar 2000	Other	13-3364541
Matthew Bergh Paschke	Portfolio manager	1 Jan 2005	Other	4123752
John Christopher Mueller	Co-chief executive officer, manager	1 Jul 2005	Other	2236600
Jeffrey C Leadholm	Co-chief executive officer, manager	1 Jul 2005	Other	3026967
Jeffrey Chet Leadholm	Co-chief executive officer, manager	1 Jul 2005	Other	3026967
Steven Carlos Leuthold	Cio, portfolio manager	1 Jul 2005	Other	307554
Inc. Butler Holdings	Member	1 Jul 2005	25% - 50%	41-1592927
David Ryan Cragg	Chief operating officer	1 Jul 2005	Other	2344003
Roger Allen Peters	Chief compliance officer	1 Nov 2005	Other	2204436
Darrin Joseph Homme	Chief technology officer	1 Dec 2006	Other	5284725
Robert Angelo Cervoni	Manager	1 Jan 2011	Other	1209699
Holly Jo Weiss	Chief financial officer	1 Aug 2011	Other	5984509
Douglas Raymond Ramsey	Chief investment officer and portfolio manager	1 Oct 2011	Other	2099071
Steven Carlos Leuthold	Portfolio manager, manager	1 Oct 2011	25% - 50%	307554
Steven Carlos Leuthold	Member	1 Jan 2013	Other	307554
Matthew Bergh Paschke	Member	1 Jun 2015	Other	4123752
James William Paulsen	Chief investment strategist	1 Jul 2017	Other	1206159

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Steven Carlos Leuthold	Director	1 Aug 1987	75% - 100%	307554
Weeden Securities Corporation	General partner	1 Mar 2000	Other	13-3363293

Based in Minneapolis

The principal office where The Leuthold Group, LLC performs its advisory services is located at 150 South Fifth Street, Minneapolis, MN 55402, 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 612-332-9141 or by fax 612-332-0797. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at lwcm.com.