Pitzl Financial, LLC (Arden Hills)


Pitzl Financial, LLC is a large advisory firm based in Arden Hills. It manages $142.44 million of regulatory assets for 885 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Minnesota.

Pitzl Financial provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pitzl Financial: assets under management

The assets under management (AUM) of Pitzl Financial, LLC is $142.44 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $142.44 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $160.95 thousand each.
Pitzl Financial has custody of $140.73 million in cash and securities for 194 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 82% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in exchange traded securities form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pitzl Financial, 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.

What kind of clients Pitzl Financial serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Pitzl Financial is high net worth individuals with 54 clients and $85.03 million of assets under management. Among the 11 most similar advisory firms, Pitzl Financial has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $142.44 million for 196 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.

Pitzl Financial doesn't advise any private funds.

Careers at Pitzl Financial, LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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
Joseph Daniel Pitzl Chief compliance officer/member 1 May 2014 25% - 50% 4696949
John Michael Pitzl Member 1 May 2014 25% - 50% 6334015
Daniel Charles Pitzl Member 1 May 2014 Other 6334019

Based in Arden Hills

The principal office where Pitzl Financial, LLC performs its advisory services is located at 3900 Northwoods Dr., Arden Hills, MN 55112, 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 651-287-3712 or by fax 651-287-3766. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at pitzlfinancial.com and its LinkedIn profile.