Underdog Wealth Management, LLC

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Client assets under management

$105,525,165

Clients

402

13% high-net worth

Advisors

of 3 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

201

Very High

Average account size

$262,500

About

Underdog Wealth Management, LLC provides personalized financial planning and ongoing wealth-management services to individuals and families, as well as to businesses, qualified retirement plans and IRAs. Its services include portfolio construction using mutual funds, ETFs and individual securities, periodic monitoring, and hourly or project-based financial planning.

The firm employs a strategic asset-allocation approach that relies on historical return and risk metrics to build core portfolios and evaluate manager performance. UnderDog generally manages client assets on a non-discretionary basis—requiring client approval before placing trades—although retirement plans and IRAs can be managed with granted discretionary authority under ERISA when agreed.

Notably, the firm serves about 402 clients with two advisors (roughly 200+ clients per advisor) and reports managing $111,880,222 on a non-discretionary basis, a combination that is uncommon among similar small advisory practices. A supervised person at the firm is a licensed insurance agent and the firm may receive insurance commissions if clients purchase insurance through that agent, an affiliation that is less common among peers.

Client services

Financial planning Portfolio management

Expertise

General retirement planning Income planning Real estate investing

Fee options

Percentage

Maximum fee is 1.75% annually, fees are negotiable and based on scope and complexity of work; fees payable monthly in arrears based on market value of assets on last business day of previous month

Commissions

May receive commissions if client purchases insurance through licensed agent at the firm; otherwise, does not sell or receive commissions from investment products

Project-based

$150 per hour for personalized financial planning services; negotiable; other miscellaneous services also charged hourly, negotiable

Main office location

Underdog Wealth Management, LLC

13762 Reimer Drive N

Maple Grove MN 55311, United States

Number of offices

Most active in

Minnesota · Texas · Wisconsin

Disclosures

Business activities & affiliations

Is active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Is not active or affiliated with:

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

Website 763-497-3000

Advisors at this firm

Anthony B

Series 66

Maple Grove, MN

Underdog Wealth Management, LLC

Anthony Brinda is a financial advisor at Underdog Wealth Management, LLC in Maple Grove, MN, holding a Series 66 designation with 13 years of industry experience. He previously worked at Paradigm, Strategies in Wealth Management, LLC from 2017 to 2019. Underdog Wealth Management offers personalized financial planning and wealth-management services to individuals, families, businesses, and qualified retirement plans. The firm uses a strategic asset-allocation approach based on historical return and risk metrics and primarily manages client assets on a non-discretionary basis.

General retirement planning Income planning Real estate investing

Scott B

Series 63

Maple Grove, MN

Underdog Wealth Management, LLC

Scott Brown is a financial advisor at Underdog Wealth Management, LLC with 12 years of industry experience. He holds a Series 63 designation and has been with Underdog Wealth Management since 2014. Brown is also involved in insurance sales as a licensed agent through a related financial services firm. Underdog Wealth Management provides personalized financial planning and wealth-management services to individuals, families, businesses, and retirement plans. The firm uses a strategic asset-allocation approach focused on historical return and risk metrics and primarily manages assets on a non-discretionary basis.

General retirement planning Income planning Real estate investing

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