Marks Group Wealth Management, Inc.
Firm details
- Headquarters
- Minnetonka, Minnesota
- CRD number
- 148679
- Registered since
- October 22, 2008
- Website
- marksgroup.com
- Custodians
- FIDELITY DISTRIBUTORS COMPANY LLC, CHARLES SCHWAB & CO., INC.
- Fee structure
- Percentage of AUM, Fixed Fees
- Client types
- HNWI68.04%
- Charitable Organizations13.99%
- Pension & Profit Sharing Plans9.99%
- Individuals7.42%
- Corporations / Businesses0.56%
- Services
- Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsSelection of Other Advisers
Firm profile
FINTRXOverview
Marks Group Wealth Management, Inc. is an independent, SEC-registered advisory firm that has been operating since 2008. The firm serves both individual/family and institutional clients and bills on a mix of AUM-based and fixed-fee arrangements. Its advisory services include financial planning, discretionary portfolio management for individuals and small businesses, portfolio management for businesses or institutions, and the selection of third-party advisers. Marks Group is identified as a capital allocator and does not market itself as an active ESG investor. The firm received recognition from Forbes in 2023 as one of America's Top RIA Firms. Marks Group uses major custodians for client assets and combines direct equity and ETF exposures with third-party alternative allocations where appropriate.
Assets & Accounts
Public Holdings
Investments & Alternatives
Location & Offices
Investment profile
FINTRXTraditional investments used
Alternative investments used
Active ESG investor
Technology & operations
FINTRXCRM & tech providers
TAMPs used
Clients
FINTRXClient base
Client personas
Asset composition
- Exchange Traded Equities50%
- Public Funds/Mutual Funds26%
- Investment Grade Corp Bonds15%
- Cash & Cash Equivalents5%
- State & Local Bonds3%
Owners & executives
1 of 1
Erica Lewerenz
Director of Operations & Chief Compliance OfficerCRD 6731812
Contacts
3 of 9
Matthew Arnold
Senior Wealth AdvisorCRD 5360146
John Feste
PresidentCRD 3246453
Samantha Thorn
Wealth AdvisorCRD 6673817
Wealth teams
FINTRXNewly hired reps
FINTRXRecent M&A activity
FINTRXRecent filings
FINTRXAwards
FINTRXETF holdings
1 of 85Active vs passive
$623M in ETFs
42%
$260M
19%
$363M
| ETF | Provider | Style | Category | Value | Shares | % of portfolio |
|---|---|---|---|---|---|---|
| STATE STREET(R) SPDR(R) PORTFOLIO S&P 500(R) ETF (SPYM) | State Street | $98.3M | 1,119,123 | 15.78% |
Location
Minnetonka, MN
Hennepin
Location
Minnetonka, MN
Headquartered in Minnetonka, MN, anchoring the Minneapolis-St. Paul, MN-WI metro in the Midwest.
- Metro area
- Minneapolis-St. Paul, MN-WI
- Region
- Midwest
- County
- Hennepin
- Address
- 4350 Baker Rd
- Time zone
- CT (UTC-6)
- Office locations
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