FORTRESS FINANCIAL GROUP, LLC
Adviser information for FORTRESS FINANCIAL GROUP, LLC last updated from Form ADV on March 12th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Minnesota, United States |
Employees
| Total Number of Employees | 7 |
|---|---|
| Investment Advisory/Research | 5 |
| Registered Broker-Dealer Representatives | 0 |
| Registered State Investment Advisers | 5 |
| Licensed Agents of an Insurance Company | 0 |
| No. of Firms/People that Solicit Clients | 1 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 729 | $250.8M |
| Non-Discretionary | 0 | $0 |
| Total | 729 | $250.8M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 212 | $74.0M |
| HNW Individuals | 71 | $174.0M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 5 | $2.8M |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 101-250 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businesses |
|---|---|
| Compensation | % of AUMFixed fees |
Wrap Fee Program
| Offers Wrap Fee Program | Yes |
|---|
| Acting As | RAUM |
|---|---|
| Sponsor | 0 |
| Portfolio Manager | 0 |
| Both for Same | 250.8M |
| Portfolio Manager to Program | Sponsor |
|---|---|
| FORTRESS FINANCIAL WRAP FEE PROGRAM | FORTRESS FINANCIAL GROUP, LLC |
Identifiers
| SEC RIA File Number | 801-122032 |
|---|---|
| SEC ERA File Number | 801-122032 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 315329 |
| Legal Entity Identifier | None |
Principal Office
1610 14TH STREET NWSUITE 100
ROCHESTER
MN
United States
Monday - Friday, 8:30AM TO 4:30PM
Tel: (507) 529-1400, Fax: (507) 529-1414
Chief Compliance Officer
DEBRA, D. PLADSEN
1610 14TH STREET NW
SUITE 100
ROCHESTER
MN
United States
Tel:
(507) 529-1400
Fax:
(507) 529-1414
D**@*************T
(Full email address available in API data)
Regulatory Contact
DANIEL E. LANGWORTHY
FOUNDER
1610 14TH STREET NW
SUITE 100
ROCHESTER
MN
United States
Tel:
(507) 529-1400
Fax:
(507) 529-1414
D**@*************T
(Full email address available in API data)
Industry Affiliates
| None |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| LANGWORTHY, DANIEL, EDWARD | Individual | – | MANAGING MEMBER / FOUNDER, FINANCIAL ADVISOR | 07/2021 | > 75% |
| PLADSEN, DEBRA, DONELL | Individual | – | CHIEF COMPLIANCE OFFICER | 07/2021 | < 5% |