BOULAY FINANCIAL ADVISORS, LLC
Adviser information for BOULAY FINANCIAL ADVISORS, LLC last updated from Form ADV on August 29th, 2023. 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 | MAY |
| Legal Location | Minnesota, United States |
Employees
| Total Number of Employees | 40 |
|---|---|
| Investment Advisory/Research | 22 |
| Registered Broker-Dealer Representatives | 3 |
| Registered State Investment Advisers | 17 |
| Licensed Agents of an Insurance Company | 8 |
| No. of Firms/People that Solicit Clients | 2 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 3,442 | $1.7B |
| Non-Discretionary | 411 | $165.4M |
| Total | 3,853 | $1.9B |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 665 | $228.6M |
| HNW Individuals | 434 | $1.6B |
| 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 | 9 | $12.9M |
| Charitable organizations | 3 | $9.8M |
| 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 | 8 | $11.2M |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 9 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 11-25 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)Educational seminars/workshopsSELECTION OF OTHER ADVISERS FOR TPM PLATFORM |
|---|---|
| Compensation | % of AUMHourly chargesFixed fees |
| Other Business Activities | Insurance broker or agent |
Identifiers
| SEC RIA File Number | 801-60141 |
|---|---|
| SEC ERA File Number | 801-60141 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 111334 |
| Legal Entity Identifier | None |
Principal Office
11095 VIKING DRIVESUITE 500
EDEN PRAIRIE
MN
United States
Monday - Friday, 8:00 A.M. TO 5:00 P.M.
Tel: 952-893-9320, Fax: 952-893-3830
Chief Compliance Officer
JAY R. BROWN
MANAGING PARTNER
11095 VIKING DRIVE
SUITE 500
EDEN PRAIRIE
MN
United States
Tel:
952-841-3024
Fax:
952-841-2942
J******@**************M
(Full email address available in API data)
Industry Affiliates
| ANDREW KRAMER, ATTORNEY | Lawyer or law firm |
| BOULAY INSURANCE SOLUTIONS, LLC | Insurance company or agency |
| BOULAY, HEUTMAKER, ZIBELL& CO. PLLP | Accountant or accounting firm |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| BOULAY, PLLP | Domestic Entity | – | OWNER | 01/2001 | 50-75% |
| Brown, Jay, Robert | Individual | – | PRESIDENT, SECRETARY, CHIEF COMPLIANCE OFFICER, PARTNER, GOVERNOR | 03/2022 | < 5% |
| BFA HOLDINGS, LLC | Domestic Entity | – | OWNER | 03/2022 | 25-50% |
| BREMER, DAVID, EDGAR | Individual | BFA HOLDINGS, LLC | FOUNDING PARTNER | 06/2023 | |
| BLOODGOOD, JOSEPH, DANIEL | Individual | BFA HOLDINGS, LLC | MEMBER | 03/2022 | |
| BEVERSDORF, TIM, ALAN | Individual | BFA HOLDINGS, LLC | MEMBER | 03/2022 | |
| Brown, Jay, Robert | Individual | BFA HOLDINGS, LLC | MEMBER | 03/2022 | |
| JOHNSON, THOMAS, BRENT | Individual | – | GOVERNOR | 03/2022 | < 5% |
| FAITH, NATHAN, DANIEL | Individual | BFA HOLDINGS, LLC | MEMBER | 03/2022 | |
| MELANDER, JON, JAMES | Individual | BFA HOLDINGS, LLC | MEMBER | 03/2022 | 25-50% |
| ALLEN, ERIK, LEIGH | Individual | – | GOVERNOR, TREASURER | 03/2022 | < 5% |
| MELANDER, JON, JAMES | Individual | – | PARTNER, BOARD CHAIR, GOVERNOR | 06/2023 | < 5% |
| HORAN, ELLEN, R | Individual | BFA HOLDINGS, LLC | MEMBER | 06/2023 | |
| Beise, Laura, Lynn Boyd | Individual | – | GOVERNER | 01/2023 | < 5% |