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| PARR McKnight Wealth Management Group LLC
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| CRD # | 330050 |
| SEC # | 801-130400 |
| CIK # | 0002026926 |
| AUM | 1,068.6 M (2026-06-15) |
| Employees | 14 (71% Investors, 0% Brokers) |
| Fees | |
| Minimum | |
| Phone | 612-324-0240 |
| Address | 333 S 7th Street, Suite 2370 Minneapolis, MN 55402 |
| Source | [IAPD] [EDGAR] [Website] |
| Total AUM ($M) |
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| Fees and Compensation — Form ADV Part 2A (6/10/2026) [Brochure] |
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ITEM 5. FEES AND COMPENSATION
PMWMG charges fees based on a percentage of assets under management as well as fixed fees depending on the particular
types of services to be provided. The specific fees charged by PMWMG for services provided will be set forth in each client’s
agreement.
PARR MCKNIGHT WEALTH MANAGEMENT GROUP, LLC
A. Financial Planning and Investment Management Services
Fees for Financial Planning and Consulting Services
Clients that are receiving financial planning services only are charged a fixed fee ranging from $5,000 to $300,000, depending
upon the complexity of a client’s plan and services provided. Actual fees charged are clearly outlined in the financial planning
agreement and clients receive invoices reflecting the amount of the fee due and payable.
Fees for Investment Management Services
PMWMG charges an annual advisory fee that is agreed upon with each client and set forth in an agreement executed by
PMWMG and the client. If fixed, the advisory fee will be specified on the fee schedule as set forth in the agreement executed
by PMWMG and the client. If based on a percentage of the value of assets under management, the advisory fee for the initial
quarter shall be paid, on a pro rata basis, in arrears, based on the value of the net billable assets under management at the end
of such initial quarter. For subsequent months, the advisory fee shall be paid, quarterly in advance, based on the asset value
of the client’s accounts as of the last business day of the month as provided by third-party sources, such as pricing services,
custodians, fund administrators, and client-provided sources.
Clients of PMWMG who received services previously from PMWMG personnel while those personnel served as advisory
personnel of an unaffiliated financial services firm may be subject to a different fee schedule than is set forth below. The fee
schedules applicable to these clients reflects the fee schedule that was utilized for these clients while they were clients of the
unaffiliated financial services firm.
Following is PMWMG’s blended asset based fee schedule for Investment Management Services:
. TIERED PRICING SCHEDULE
Start End %
$ - $ 500,000.00 1.50%
$ 500,000.00 $ 1,000,000.00 1.25%
$ 1,000,000.00 $ 5,000,000.00 0.90%
$ 5,000,000.00 $ 10,000,000.00 0.85%
$ 10,000,000.00 $ 20,000,000.00 0.80%
$ 20,000,000.00 $ 30,000,000.00 0.75%
$ 30,000,000.00 $ 50,000,000.00 0.50%
$ 50,000,000.00 $ 75,000,000.00 0.40%
$ 75,000,000.00 $ 100,000,000.00 0.35%
Notwithstanding the foregoing, PMWMG and the client may choose to negotiate an annual advisory fee that varies from
schedules set forth above. Factors upon which a different annual advisory fee may be based include, but are not limited to, the
size and nature of the relationship, the services rendered, the nature and complexity of the products and investments involved,
time commitments, and travel requirements. The advisory fee charged by the Firm will apply to all of the client’s assets under
management, unless specifically excluded in the client agreement. The advisory fee may include the financial planning services
described above. Although PMWMG believes that its fees are competitive, clients should understand that lower fees for
comparable services may be available from other sources and firms.
The investment advisory agreement between PMWMG and the client may be terminated at will by either PMWMG or the
client upon written notice. PMWMG does not impose termination fees when the client terminates the investment advisory
relationship, except when agreed upon in advance.
PARR MCKNIGHT WEALTH MANAGEMENT GROUP, LLC
B. Payment of Fees
PMWMG generally deducts its advisory fee from a client’s investment account(s) held at his/her custodian. Upon engaging
PMWMG to manage such account(s), a client grants PMWMG this limited authority through a written instruction to the
custodian of his/her account(s). The client is responsible for verifying the accuracy of the calculation of the advisory fee; the
custodian will not determine whether the fee is accurate or properly calculated. A client may utilize the same procedure for
financial planning or consulting fees if the client has investment accounts held at a custodian.
Although clients generally are required to have their investment advisory fees deducted from their accounts, in some cases,
PMWMG will directly bill a client for investment advisory fees if it determines that such billing arrangement is appropriate given
the circumstances.
The custodian of the client’s accounts provides each client with a statement, at least quarterly, indicating separate line items for
all amounts disbursed from the client’s account(s), including any fees paid directly to PMWMG.
Clients may make additions to and withdrawals from their account at any time, subject to PMWMG’s right to terminate an
account. Additions may be in cash or securities provided that the Firm reserves the right to liquidate transferred securities
... |
| Account Minimums and Types of Clients — Form ADV Part 2A (6/10/2026) [Brochure] |
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ITEM 7. TYPES OF CLIENTS
PMWMG offers investment advisory services to individuals, including high net worth individuals, families, family offices,
trusts, businesses, charitable foundations, and retirement/profit-sharing plans. PMWMG does impose a minimum portfolio of
$2.5 million dollars. However, PMWMG does reserve the right to accept or decline a potential client for any reason in its sole
discretion. |
| Sector | Form 13F Holdings | Value ($M) | |
|---|---|---|---|
| Apple Inc | 30.7 | ||
| Microsoft Corp | 25.7 | ||
| J P Morgan Chase & Co | 12.9 | ||
| Broadcom Inc | 12.8 | ||
| Chevron Corp | 12.5 | ||
| Analog Devices Inc | 11.7 | ||
| Alphabet Inc | 11.6 | ||
| Johnson & Johnson | 11.6 | ||
| Facebook Inc | 10.4 | ||
| Cisco Systems Inc | 9.4 | ||
| View All | |||
| Holdings by Sector ($M) |
|---|
| AUM Breakdown | Accounts | AUM ($M) |
|---|---|---|
| By Client Type | ||
| (a) Individuals (other than high net worth individuals) | 279 | 90.0 |
| (b) Individuals (high net worth individuals) | 162 | 802.3 |
| (c) Banking or thrift institutions | 0 | 0.0 |
| (d) Investment companies | 0 | 0.0 |
| (e) Business development companies | 0 | 0.0 |
| (f) Pooled investment vehicles | 0 | 0.0 |
| (g) Pension and profit sharing plans | 162 | 82.8 |
| (h) Charitable organizations | 5 | 1.0 |
| (i) State or municipal government entities | 0 | 0.0 |
| (j) Other investment advisers | 0 | 0.0 |
| (k) Insurance companies | 0 | 0.0 |
| (l) Sovereign wealth funds and foreign official institutions | 0 | 0.0 |
| (m) Corporations or other businesses not listed above | 5 | 92.5 |
| (n) Other | 0 | 0.0 |
| Total | 2,040 | 1,068.6 |
| By Discretionary | ||
| Discretionary | 1,421 | 935.8 |
| Non-Discretionary | 619 | 132.8 |
| Total | 2,040 | 1,068.6 |
| By Non-United States Persons | ||
| Non-United States Persons | 0.0 | |
| United States Persons | 1,068.6 | |
| Total | 2,040 | 1,068.6 |
| EDGAR Form | CIK | 2011 - 2026 |
|---|---|---|
| 13F-HR | [0002026926] |
| Firm Profile (Form ADV) | |
|---|---|
| Clients | 1 |
| Serves | Institutional, Retail |
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