Cordis Financial, LLC (Minneapolis)

Name: Cordis Financial, LLC
Address: 3001 Broadway Street Ne, Minneapolis, MN, 55413
Telephone: (612) 268-2620

Cordis Financial, LLC is a large advisory firm based in Minneapolis. It manages $98.68 million of regulatory assets for 398 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Minnesota and Nebraska.

Cordis Financial provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cordis Financial: assets under management

The assets under management (AUM) of Cordis Financial, LLC is $98.68 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $98.68 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $247.95 thousand each.

Cordis Financial has custody of $2.29 million in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 87% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

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

What kind of clients Cordis Financial serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Cordis Financial is high net worth individuals with 34 clients and $53.51 million of assets under management. Among the 9 most similar advisory firms, Cordis Financial has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $97.93 million for 167 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.

Cordis Financial doesn't advise any private funds.

Careers at Cordis Financial, LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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
Ingrid Elizabeth Strauss	Partner/member and chief compliance officer	1 Apr 2018	50% - 75%	5245441
Paul Joseph Leighton	Partner / member	1 Apr 2018	50% - 75%	1175642

Based in Minneapolis

The principal office where Cordis Financial, LLC performs its advisory services is located at 3001 Broadway Street Ne, Minneapolis, MN 55413, 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) 268-2620. The normal business hours are 9:00am -5:00pm on Monday - Friday. You can find more information about the New York firm at cordisfinancial.com and its LinkedIn profile.