Steven Richter is a registered investment advisor at Tealwood Asset Management, based in Minneapolis, MN, with 12 years of industry experience. Steven operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 231 clients with $370M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Tealwood Asset Management's fees are based on a percentage of the total value of your account each quarter. The fees listed below are annual rates, but are charged one quarter at a time, payable in advance.
-
Large-Cap, Strategic Income, Equity Income and Small- and Mid-Cap:
- 1.0% on the first $1,000,000 of market value
- 0.75% from $1,000,000 to $3,000,000
-
Defensive Fixed Income:
- 0.50% on the first $3,000,000 of market value for non-municipal bonds
- 0.30% on the first $3,000,000 of market value for municipal bonds
-
Quality Fixed Income:
- 0.50% on the first $3,000,000 of market value (fees may be subject to a discount when yields to worst are below 3%).
-
Quality Fixed Income - Minnesota Tax-Free:
- 0.10% on all assets, with a minimum account size of $3,000,000
All portfolio styles are negotiable at values above $3,000,000.
The minimum account size for all portfolios is $250,000.
Location
120 South 6th Street, Suite 1900, Minneapolis, MN, 55402
Get directionsHistory
Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Employment History
Current Registrations
Tealwood Asset Management
State Registrations1 state
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.