R.M. Shannon Wealth Management, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
R.M. Shannon Wealth Management, LLC is a fee‑only registered investment adviser that primarily serves high‑net‑worth individuals, reporting about $30.97 million in assets under management across roughly 27 clients and generally requiring a $500,000 account minimum. The firm offers discretionary asset management along with ongoing, project‑based, and hourly financial planning, and provides held‑away account services for retirement plans, 529 plans and variable annuities.
The firm typically exercises discretionary trading authority and applies fundamental analysis to tailor investment strategies to each client’s goals, time horizon and risk tolerance, with annual reviews and more frequent monitoring when warranted. It may hire third‑party sub‑advisors to manage portions of portfolios, aggregates trades across client accounts, and includes held‑away assets when calculating client AUM; clients are asked to custody assets at Schwab Institutional.
Notable differences from many peers include an explicit capability to advise on privately‑issued securities for accredited investors with a documented due‑diligence process that can include manager interviews and site visits, and a stated service model that implements rebalancing or allocation strategies in held‑away employer and annuity accounts. The firm also discloses maintaining a proprietary trading account and operates under a Code of Ethics with quarterly personal‑trading reviews to address potential conflicts; it generally leaves proxy voting to clients while providing voting recommendations on request.
Client services
Expertise
Occupation focus
Fee options
Financial Planning Services offered on a flat fee basis between $2,500 and $20,000
$0 - $5,000,000: 1.00% annually $5,000,001 - $10,000,000: 0.75% annually $10,000,001 - $15,000,000: 0.50% annually Over $15,000,000+: 0.25% annually
Financial Planning Services offered at $300 per hour
Ongoing Financial Planning fee starting at $5,000 per year, paid monthly or quarterly
Account minimum: $500,000 Minimum fee: Minimum annual fee of $5,000 for clients engaging both Asset Management and Ongoing Financial Planning services; negotiable Fee-only: Fee-only investment management services; no commissions or external compensation received
Main office
1595 Selby Avenue, Suite 302
St. Paul MN 55104
Advisors at this office
1
Most active in
Minnesota · North Dakota
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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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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