PARR MCKNIGHT WEALTH MANAGEMENT GROUP

RIASEC RegisteredEst. 2024
Total AUM
$1.1B
Discretionary
$936M
88% of AUM
Avg account
$524K
Accounts
2,040
Employees
14
Advisory reps
11

Firm details

Headquarters
MINNEAPOLIS, Minnesota
CRD number
330050
Registered since
May 30, 2024
Custodians
TRADE-PMR INC.
Fee structure
Percentage of AUM, Fixed Fees
Client types
  • HNWI75.08%
  • Corporations / Businesses8.65%
  • Individuals8.43%
  • Pension & Profit Sharing Plans7.75%
  • Charitable Organizations0.09%
Services
Financial PlanningPortfolio Management for IndividualsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

Parr Mcknight Wealth Management Group is an independent registered investment adviser formed as an LLC and registered with the SEC in 2024. The firm serves both individual and institutional clients, providing financial planning, portfolio management for individuals and small businesses, selection of other advisers, and pension consulting services (the firm lists pension consulting among its advisory activities though it is not flagged as a pension consultant in the firm metadata). Parr Mcknight operates as a capital allocator, employing both percentage-of-AUM and fixed-fee pricing. The firm does not identify as an active ESG investor and is not listed as a multi-state adviser.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Investment profile

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Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

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CRM & tech providers

TAMPs used

Clients

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Client base

Client personas

Asset composition

Asset composition: Exchange Traded Equities 50%, Public Funds/Mutual Funds 28%, Cash & Cash Equivalents 10%, US Government Bonds 6%, State & Local Bonds 3%, Investment Grade Corp Bonds 1%, Private Funds 1%, Other 1%50%
  • Exchange Traded Equities50%
  • Public Funds/Mutual Funds28%
  • Cash & Cash Equivalents10%
  • US Government Bonds6%
  • State & Local Bonds3%

Contacts

3 of 11
  • JOE ENZLER

    Wealth Management AssistantCRD 7354170

  • NELSON MOEN

    Financial Advisor | Jr. PartnerCRD 6454482

  • EMILY DOLAN

    Senior Registered Relationship ManagerCRD 5171856

Unlock 8 more contacts

Wealth teams

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Newly hired reps

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Recent M&A activity

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Recent filings

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Awards

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ETF holdings

1 of 83

Active vs passive

$313M in ETFs

Passive

91%

$283M

Active

8%

$29.7M

ETFProviderStyleCategoryValueShares% of portfolio
ISHARES CORE S&P 500 ETF (IVV)BlackRockPassiveLarge Blend$35.1M53,72611.22%

Location

Primary office

MINNEAPOLIS, MN

HENNEPIN

Location

MINNEAPOLIS, MN

Headquartered in MINNEAPOLIS, MN, anchoring the Minneapolis-St. Paul, MN-WI metro in the Midwest.

Metro area
Minneapolis-St. Paul, MN-WI
Region
Midwest
County
HENNEPIN
Address
333 S 7th St
Time zone
CT (UTC-6)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth