Marks Group Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers. Financial planning was provided to 251–500 clients last fiscal year.
Marks Group Wealth Management reports 809 clients. They include 408 high-net-worth individuals, 374 individual clients, and 12 pension and profit-sharing plans. Of its assets, 87.0% ($1.76B across 4,255 accounts) are managed with discretion; $262M across 55 accounts are not. A wrap fee program the firm both sponsors and manages holds $1.78B.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 46% | 7% |
| High-net-worth individuals | 50% | 68% |
| Pension and profit-sharing plans | 1% | 10% |
| Charitable organizations | 1% | 14% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 374 | $150M | 7.4% | $400K |
| High-net-worth individuals | 408 | $1.37B | 68.0% | $3.36M |
| Pension and profit-sharing plans | 12 | $202M | 10.0% | $16.8M |
| Charitable organizations | 11 | $282M | 14.0% | $25.7M |
| Corporations and other businesses | 4 | $11.2M | 0.6% | $2.81M |
| Total | 809 | $2.02B | 100% | $2.49M |
- Clients
- 374
- Regulatory AUM
- $150M
- AUM share
- 7.4%
- Avg. per client
- $400K
- Clients
- 408
- Regulatory AUM
- $1.37B
- AUM share
- 68.0%
- Avg. per client
- $3.36M
- Clients
- 12
- Regulatory AUM
- $202M
- AUM share
- 10.0%
- Avg. per client
- $16.8M
- Clients
- 11
- Regulatory AUM
- $282M
- AUM share
- 14.0%
- Avg. per client
- $25.7M
- Clients
- 4
- Regulatory AUM
- $11.2M
- AUM share
- 0.6%
- Avg. per client
- $2.81M
Total
- Clients
- 809
- Regulatory AUM
- $2.02B
- AUM share
- 100%
- Avg. per client
- $2.49M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Marks Group Wealth Management charges 0.15%–2.00% a year for its Investment Management and Wealth Management Fee. The fee is billed in advance, is negotiable and requires an account of at least $1,000,000. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Consulting Fees
- Fixed-fee ongoing consulting services, generally $10,000 to $100,000 a year depending on the level and scope of services and the professional providing them.
Bennett Marks owns 50% to 75% of Marks Group Wealth Management. Bennett Marks is CEO; the leadership team includes President John Feste and Chief Compliance Officer Erica Lewerenz. It has 14 employees, 9 of them in advisory roles.
Leadership
- Bennett MarksChief Investment Officer/Chief Executive Officer/Founder
- John FestePresident
- Erica LewerenzDirector of Operations/Chief Compliance Officer
- Matthew ArnoldManaging Director/Senior Wealth Advisor
Investment adviser representatives
9 representatives listed in the SEC register as of 9 October 2026.
- Brett William Angel
- Matthew John Arnold
- Patrick John Deeg
- John Christian Feste
- John Michael Hanten
- Bennett Eldon Marks
- Jeremy David Netka
- Turner Lee Storm
- Samantha Lynn Thorn
Staff
- 14 employees
- 9 in advisory functions
- 9 state-registered reps
- 2 insurance agents
- 4 soliciting firms
- Owns 50% to 75% of Marks Group Wealth Management, Inc.
Bennett Marks
Control person · since November 2008
- Owns 10% to 25% of Marks Group Wealth Management, Inc.
John Feste
since November 2008
Marks Group Wealth Management’s regulatory assets grew from $1.35B (March 2021) to $2.02B (September 2026); clients rose from 603 to 809 and employees from 13 to 14.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $2.02B | 809 | 14 | 1 |
| February 2025 | $1.97B | 784 | 14 | 1 |
| April 2024 | $1.69B | 760 | 14 | 1 |
| March 2023 | $1.46B | 766 | 14 | 1 |
| March 2022 | $1.62B | 731 | 14 | 1 |
| March 2021 | $1.35B | 603 | 13 | 1 |
Besides its headquarters, Marks Group Wealth Management has 0 offices, with 1 listed address in Minnesota.
Minnesota · 1 listed address
- 4350 Baker Road, Suite 245, MinnetonkaHQ
Contact and registration details
- Legal name
- Marks Group Wealth Management, Inc.
- Headquarters
- 4350 Baker Road, Suite 245, Minnetonka, MN 55343
- Website
- marksgroup.com
- Phone
- 952-582-6100
- @marks-group-wealth-management
- SEC file
- 801-69685
- Structure
- Minnesota corporation
- Fiscal year end
- December
Marks Group Wealth Management uses Fidelity ($1.58B, 89%) and Charles Schwab ($204M, 11%) as custodians for its separately managed accounts. Marks Group Wealth Management has custody of $507M in client assets for 359 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $204M11%
- FidelityFidelity Brokerage Services LLC · Boston, MA · $1.58B89%
At year end, Marks Group Wealth Management’s separately managed accounts were mostly in stocks (50%) and funds (26%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.15B across 350 positions; the largest are SPDR Series Trust (8.6%), iShares TR (3.4%) and iShares TR (3.2%).
What the accounts hold
- Stocks50%
- Funds26%
- Bonds19%
- Investment grade corporate bonds15%
- State and local bonds3%
- U.S. government and agency bonds1%
- Cash5%
Reported 13F holdings
- $1.15B
- Reported 13F value
- 350
- Positions
- 30.3%
- In the 10 largest
- +10.7%
- Value vs. prior quarter
- SPDR Series Trust · ST Str P500etf8.6%
- iShares TR · S&P 500 Grwt ETF3.4%
- iShares TR · Eafe Grwth ETF3.2%
- Apple Inc.2.6%
- Putnam ETF Trust · Focused Lar Cap2.6%
- Blackrock ETF Trust · Isha I IN TE ETF2.4%
- Blackrock ETF Trust · iShares US Equit2.2%
- Alphabet Inc. · Cap Stk CL C1.9%
- iShares TR · Eafe Value ETF1.8%
- iShares Inc. · Core MSCI Emkt1.7%
Together, the ten largest are 30.3% of reported value.
How many clients does Marks Group Wealth Management have?
Marks Group Wealth Management has 809 clients and manages $2.02 billion for them, as of September 2026. They include 408 high-net-worth individuals, 374 individual clients, and 12 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 14 September 2026
What services does Marks Group Wealth Management offer?
Marks Group Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Marks Group Wealth Management charge?
Marks Group Wealth Management charges 0.15%–2.00% a year for its Investment Management and Wealth Management Fee. The fee is billed in advance, is negotiable and requires an account of at least $1,000,000.
Which custodians does Marks Group Wealth Management use?
Marks Group Wealth Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Boston, MA), with $1.58B and Charles Schwab & Co., Inc. (Westlake, TX), with $204M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 September 2026
How many financial advisors does Marks Group Wealth Management have?
Marks Group Wealth Management has 9 investment adviser representatives registered with state securities authorities, out of 14 employees, and 9 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Marks Group Wealth Management invest in?
At the end of its last fiscal year, Marks Group Wealth Management’s separately managed accounts held 50% exchange-traded equities, 26% registered funds (mutual funds, ETFs, BDCs), 15% investment grade corporate bonds, 5% cash and equivalents, 3% state and local bonds and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Marks Group Wealth Management have a minimum investment?
Yes, Marks Group Wealth Management’s minimum account size for its Investment Management and Wealth Management Fee is $1M.
Who owns Marks Group Wealth Management?
Marks Group Wealth Management’s direct owners are Bennett Marks (50% to 75%) and John Feste (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 14 September 2026
How does Marks Group Wealth Management get paid?
Marks Group Wealth Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Marks Group Wealth Management registered with the SEC?
Yes, Marks Group Wealth Management has been registered with the SEC as an investment adviser since 22 October 2008. Its CRD number is 148679 and its SEC file number is 801-69685.
Source: Form ADV Part 1A, Item 1, filed 14 September 2026; IAPD firm record
How do I contact Marks Group Wealth Management?
Marks Group Wealth Management’s main office is at 4350 Baker Road, Suite 245, Minnetonka, MN 55343. Its phone number is 952-582-6100. Its website is marksgroup.com.