Norseman Advisory Group offers asset management through third-party managers and financial planning services. For asset management, Norseman uses Dunham & Associates Investment Counsel. Norseman also has a co-advisor relationship with Gradient Investments. Financial planning includes one-time plans and ongoing services covering budgeting, retirement, estate, debt, and insurance. Norseman receives referral fees from third-party managers.
Assets Under Management$42M
Clients102
Advisors1
Avg. per Client$410K
Avg. per Advisor$42M
Fee Structure
Norseman Advisory Group offers investment management through two different programs:
- Dunham & Associates Investment Counsel (DAIC) Program: Norseman charges 1.00% annually, plus DAIC charges an additional 0.25% annually. For cash or money market accounts, the annual fee is 0.15%.
- Gradient Investments (GI) Program: Fees vary depending on the portfolio type (Strategic, Tactical, Allocation & Defined Outcome, Preservation, or Private Wealth). The total annual fee ranges from 1.00% to 1.60%, split between GI and Norseman. For Client Directed Accounts, there is a flat annual fee of $300 charged by GI.
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