Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Selection of Others Advisors
- Educational Seminars & Workshops
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Dougherty & Associates Financial Advisors, Inc. Overview
Dougherty & Associates Financial Advisors, Inc. is a fee-only investment advisory firm that has been in business since 2015. The firm's headquarters are located in Buffalo, MN, where it offers a range of investment advice services. The firm operates as an investment advice-only RIA, meaning that they specialize strictly in helping clients achieve their financial goals via strategic planning and management. The professionals at Dougherty & Associates offer a range of services aimed at helping individuals and small businesses meet their financial objectives. Their services include financial planning, portfolio management, and selection of other advisors. They also offer educational seminars and workshops aimed at educating clients about financial planning and money management. Additionally, Dougherty & Associates provides asset allocation and portfolio monitoring services to help clients stay on top of their investment strategies and stay proactive in their financial pursuits. As a fee-only investment advisory firm, Dougherty & Associates is dedicated to transparency and personalized service. The firm is completely independent from any financial services provider, which means that they can provide advice and guidance that is in the best interest of the client, without any competing interests. With over five years of experience in the industry, Dougherty & Associates is committed to helping clients navigate the financial landscape and find success in their financial pursuits.
DOUGHERTY & ASSOCIATES FINANCIAL ADVISORS, INC. caters to a diverse range of clients, including individuals and high net worth individuals. The firm believes that financial planning is crucial for everyone, regardless of their financial status, and thus they offer customized services to each client based on their unique needs and goals. DOUGHERTY & ASSOCIATES FINANCIAL ADVISORS, INC. has multiple fee structures available, depending on the type of service provided. Their fees are transparent and completely aligned with the best interests of their clients. They offer a percentage of Assets Under Management (AUM) fee structure, which means that the client pays a certain percentage of their portfolio's total value each year. They also offer hourly fees, where they charge a fixed hourly rate for their services. Finally, they have fixed fees for specific services, which are agreed upon upfront with the client. The firm's mission is to provide clients with the highest level of service at a reasonable cost, and these fee structures allow them to cater to a variety of client needs and preferences.
Typical Clients, Fee Structures & Investment Minimum
According to Dougherty & Associates Financial Advisors, Inc.'s Part 2 Brochure, the firm requires a minimum account size of $250,000. The brochure notes that "The minimum account size for new advisory clients is $250,000," indicating that clients must have at least this amount to open an account with the firm. This suggests that the firm focuses on serving high net worth individuals or institutions with substantial assets to manage. It is important for potential clients to note this requirement before considering engaging the services of this firm.
How This Office Can Help Buffalo, MN Residents
As a full-service financial advisory firm, Dougherty & Associates provides a wide range of services to assist clients in Buffalo, MN in achieving their financial goals. Whether a client is just starting to invest or is nearing retirement, the team at Dougherty & Associates can provide guidance and expertise. For clients in Buffalo, MN who may be facing specific financial situations, such as planning for college tuition or managing debt, Dougherty & Associates can offer tailored solutions. They can help with college savings plans, refinancing loans, and budgeting strategies to help clients get on the path to financial security. Additionally, the firm can assist with planning for retirement, estate planning, and creating a comprehensive financial portfolio tailored to each client's individual needs and goals. With a focus on personalized service and attention to detail, Dougherty & Associates can help clients in Buffalo, MN achieve financial success and peace of mind.
Services Offered by Dougherty & Associates Financial Advisors, Inc.
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Dougherty & Associates Financial Advisors, Inc. most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 7:30 AM–4:30 PM
- Tue 7:30 AM–4:30 PM
- Wed 7:30 AM–4:30 PM
- Thu 7:30 AM–4:30 PM
- Fri 7:30 AM–3 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Dougherty & Associates Financial Advisors, Inc. is registered to service clients in the following states:
- Arizona
- California
- Florida
- Minnesota
- Texas
- Wisconsin
Disciplinary History
Dougherty & Associates Financial Advisors, Inc. does not have any disclosures. Please visit it's Form ADV for more details.