Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Educational Seminars & Workshops
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Subscription (Newsletter or Periodical)
- Fixed Fees (Other than subscription)
- Other
Nepsis, Inc. Overview
NEPSIS, INC. is a registered investment advisory firm that specializes in providing fee-only financial planning and portfolio management services. Based in Minneapolis, MN, the company has been in business since 2006. With a focus on the needs of individuals and small businesses, NEPSIS also caters to the requirements of businesses and institutional clients looking for portfolio management solutions. The firm is not only an insurance broker/agent but also provides advice on other financial products. NEPSIS has a strong commitment to providing unbiased and conflict-free financial advice to its clients. As a fee-only firm, there are no commissions or other incentives to influence the investment decisions made. NEPSIS, INC. offers an array of services, including comprehensive financial planning, portfolio management, and educational seminars and workshops. Their services cover the investment needs of various groups, from individuals and small businesses to larger corporations and institutional clients. The firm's innovative approach to investment management ensures that clients receive tailored investment advice to help them achieve their financial goals.
NEPSIS, INC. primarily serves a diverse clientele ranging from individuals to pension or profit sharing plans. The firm caters to high net worth individuals who seek professional investment advice and management to protect and grow their wealth. Additionally, NEPSIS, INC. offers customized solutions to other corporation types, irrespective of their size and nature of business operations. NEPSIS, INC. provides flexible fee structures depending on the services availed by the clients. The most common method is the percentage of AUM (Assets Under Management) where a certain percentage of the client's investment portfolio is charged as a fee. Alternatively, clients can opt for hourly rates for specific advisory services or a subscription to the newsletter or periodical that furnishes industry updates and insights. In addition, the firm also offers fixed fees for project-based assignments or other types of fees as required by the client. NEPSIS, INC. assists its clients to choose the most feasible fee structure that suits their investment needs and financial goals.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for NEPSIS, INC. is $500,000. Their Part 2 Brochure states that this amount is required to open and maintain an advisory account. However, they may waive this requirement if a client has the potential to increase their assets under management significantly.
How This Office Can Help Prior Lake, MN Residents
Nepsis, Inc. is a financial management firm that is committed to helping clients in Prior Lake, MN, to achieve their financial goals. Their team of financial experts provides a range of services, including portfolio analysis, 401k and IRA management, retirement planning, and investment guidance. Nepsis, Inc. takes a unique approach to financial management, seeking to help their clients align their financial plan with their values and priorities. Some of the financial situations that someone living in Prior Lake, MN may be facing include retirement planning, tax planning, and saving for children's education. Additionally, many clients may be concerned about the volatility of the market or have questions about how to invest in a way that aligns with their values. Nepsis, Inc. can help clients navigate these challenges and achieve their financial goals by offering tailored solutions and expert guidance. By working with Nepsis, clients can gain confidence in their financial future and achieve greater peace of mind.
Services Offered by Nepsis, 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 Nepsis, 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.
Subscription (Newsletter or Periodical)
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
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).
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
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Nepsis, Inc. is registered to service clients in the following states:
- Arizona
- California
- Colorado
- Florida
- Hawaii
- Illinois
- Minnesota
- Nebraska
- North Carolina
- Texas
- Washington
- Wisconsin
Disciplinary History
Nepsis, Inc. does not have any disclosures. Please visit it's Form ADV for more details.