Punch & Associates Investment Management, Inc. is a large advisory firm based in Edina. It manages $1.16 billion of regulatory assets for 1,697 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Arizona, California, Colorado, and 12 other states.
Punch & Associates Investment Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Punch & Associates Investment Management, Inc. is $1.16 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 703% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Punch & Associates Investment Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Punch & Associates Investment Management is high net worth individuals with 138 clients and $526.64 million of assets under management. Among the 8 most similar advisory firms, Punch & Associates Investment Management has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.16 billion for 479 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.
Punch & Associates Investment Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $500,000.
The company employs 15 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 8 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.
The principal office where Punch & Associates Investment Management, Inc. performs its advisory services is located at 7701 France Avenue South, Edina, MN 55435, 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 (952) 224-4350 or by fax (952) 224-4351. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at punchinvest.com/.