Paratus Wealth Management, LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$72,000,000
Total clients
44
36% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
44
Average account size
$1,636,364
About
Paratus Wealth Management is an independent, single‑advisor registered investment adviser that manages roughly $72 million for about 44 clients, serving individuals and high‑net‑worth clients. The firm offers discretionary portfolio management, comprehensive financial planning, and general consulting, emphasizing tailored investment plans and periodic reviews.
Investment approach centers on asset‑allocation and Modern Portfolio Theory: the firm uses equities, fixed income, mutual funds and ETFs to construct portfolios, collects detailed client profiles and an Investment Policy Statement, and conducts at least quarterly custodial reporting and periodic plan reviews. While the brochure states the firm generally avoids separately managed accounts, wrap programs and routine use of derivatives, it may recommend more complex instruments (options, leveraged funds, closed‑end funds) when aligned with a client’s stated risk tolerance.
Noteworthy for a solo independent adviser, key personnel are licensed life/health/fixed‑annuity insurance agents and place business through general agencies (Hallett Financial Group and Crump Life Insurance Company), a relationship that can generate commission income and is disclosed as a potential conflict of interest. The firm also discloses an affiliation with an accounting firm (Madsen, O’Meara and Company, P.C.) and custodial arrangements with Schwab; those business overlaps and referral practices are described in the brochure so prospective clients can evaluate related conflicts.
Client services
Financial planning
Portfolio management
Selection of other advisers
General consulting services
Expertise
General retirement planning
College savings (529s, UTMA, etc.)
Cash flow / budgeting
Fee options
Financial planning fees up to $1,000 for initial engagement; annual review fees range from 25% to 40% of initial planning fee
$0 - $499,999: 1.50% annually $500,000 - $999,999: 1.25% annually $1,000,000 - $4,999,999: 1.00% annually $5,000,000+: 0.75% annually
Up to $150 per hour for general consulting services
Account minimum: $100,000 minimum initial investment to open a portfolio management account
Main office location
Paratus Wealth Management, LLC
1850 W Wayzata Blvd, Suite 260
Long Lake MN 55356, United States
Number of offices
1
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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