Daniel Engskov is a registered investment advisor at Cedrus Wealth Group, based in Andover, MN. Daniel operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, Investment Management. Their firm serves 544 clients with $140M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 2.00% |
| $250K - $1.0M | 1.50% |
| $1.0M - $2.0M | 1.30% |
| $2.0M - $4.0M | 1.00% |
| $4.0M - $6.0M | 0.70% |
| $6.0M - $10.0M | 0.60% |
| $10M+ | 0.60% |
Fees negotiable for accounts over $10,000,001. Cedrus tactical portfolios incur an external asset manager fee of 0.5%, which is charged in addition to the firm's advisory fees. For advisory services provided to 529 Plans, Cedrus Wealth Group will charge a fee of 0.25% per year. If an account holds a highly concentrated position, Cedrus Wealth Group will charge a negotiable fee between 0-1%.
Fee Estimator
Location
1887 Station Parkway Northwest, Andover, MN, 55304
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Current Registrations
Cedrus Wealth Group
State Registrations1 state
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