Tradition Wealth Management LLC is a large advisory firm based in Edina. It manages $539.38 million of regulatory assets for 2,674 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arizona, California, Colorado, and 13 other states.
Tradition Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Tradition Wealth Management LLC is $539.38 million. The firm's AUM has grown by 2030% since the beginning of its operation, and $2.44 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Tradition Wealth Management LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Chadwick James Schumacher is high net worth individuals with 278 clients and $306.04 million of assets under management. Among the 9 most similar advisory firms, Tradition Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $535.61 million for 1,453 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.
Tradition Wealth Management doesn't advise any private funds.
The company employs 20 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 13 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
Chadwick James Schumacher has been acting as President since 1 Feb 2003. Mark Sterling Walsingham joined the executive team most recently as the Chief Compliance Officer.
The principal office where Tradition Wealth Management LLC performs its advisory services is located at 7601 France Avenue South, Edina, MN 55435, which is also the mailing address of the firm. An additional office of the firm is in St. Paul, MN. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 952-252-4692 or by fax 952-252-4693. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at traditionwealthmanagement.com.