Firm Info
Firm Size
Services Offered
- Other
Available Fee Structures
- Fixed Fees (Other than subscription)
- Other
Northwestern Mutual Investment Services,LLC Overview
Northwestern Mutual Investment Services, LLC is a fee-based, registered investment advisory firm headquartered in Milwaukee, WI. Founded in 1971, they have been in business for over 50 years. As a broker-dealer, insurance broker/agent, and provider of investment advice, they offer a range of services to their clients. One of the main benefits of Northwestern Mutual Investment Services, LLC is their fee-based fee arrangement. This allows clients to pay for their services based on a percentage of the assets they manage rather than being charged commission-based fees. This fee model aligns the firm's interests with the client's interests since the firm only makes money when their clients' investments perform well. In addition to investment advice, Northwestern Mutual Investment Services, LLC also provides investment research and referrals to other advisers. This broad range of services allows them to provide comprehensive solutions tailored to each client's unique financial needs and goals. Overall, the breadth of services offered by Northwestern Mutual Investment Services, LLC makes them an excellent choice for clients looking for a well-rounded investment advisory firm.
Northwestern Mutual Investment Services, LLC is renowned for offering their high-quality services to various kinds of clients with varied financial and investment needs. The firm has established clientele comprising individuals, businesses, corporations, trusts, non-profit organizations, and retirement plans of all sizes, from small startups to large institutions. Northwestern Mutual Investment Services, LLC takes pride in serving clients across industries, making their services more diverse and inclusive. The fee structures available at Northwestern Mutual Investment Services, LLC are dependent on the service provided to the respective client. Some clients may opt for fixed fees, where a predetermined amount is charged for a particular service. This fee structure is relatively constant throughout the engagement and includes managing a client's portfolio, consulting, or investment planning. Additionally, other clients may desire a more flexible, performance-based fee system, where the fee structure is linked to the achieved financial gains. This option is usually reserved for high net worth individuals and investment portfolios, where a fee percentage is charged based on the portfolio's total value. Overall, Northwestern Mutual Investment Services, LLC offers a broad range of fee structures to meet the unique needs of each client and strives to provide transparency in all its pricing models.
Typical Clients, Fee Structures & Investment Minimum
According to the Part 2 Brochure of Northwestern Mutual Investment Services, LLC, there is no mention of an investment minimum. Hence, it can be concluded that the firm does not have any investment minimum requirement for their clients.
How This Office Can Help Mitchell, SD Residents
Northwestern Mutual provides a range of financial services and products to help clients in Mitchell, SD meet their financial goals and protect their assets. Many families in Mitchell may be facing unique financial circumstances, such as exciting life transitions like starting a family or launching a business, or more challenging situations like unexpected medical bills or a job loss. With the guidance of a Northwestern Mutual financial advisor, clients in Mitchell can access expertise and support to navigate these situations and plan for a secure financial future. Whether it’s creating a personalized investment plan, developing strategies to manage debt or protect against risk, or exploring options for life insurance or long-term care coverage, Northwestern Mutual is committed to helping residents of Mitchell gain clarity and confidence in their financial decisions.
Services Offered by Northwestern Mutual Investment Services,LLC
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 Northwestern Mutual Investment Services,LLC 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
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.
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.
Unavailable
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.
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).
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Northwestern Mutual Investment Services,LLC is registered to service clients in the following states:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
Disciplinary History
Northwestern Mutual Investment Services,LLC does not have any disclosures. Please visit it's Form ADV for more details.