UnderDog Wealth Management provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 1–10 clients last fiscal year.
UnderDog Wealth Management reports 408 clients. They include 349 individual clients, 53 high-net-worth individuals, and 6 pension and profit-sharing plans. Of its assets, 0.0% ($0 across 0 accounts) are managed with discretion; $112M across 892 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 86% | 46% |
| High-net-worth individuals | 13% | 49% |
| Pension and profit-sharing plans | 1% | 6% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 349 | $51.1M | 45.6% | $146K |
| High-net-worth individuals | 53 | $54.5M | 48.7% | $1.03M |
| Pension and profit-sharing plans | 6 | $6.36M | 5.7% | $1.06M |
| Total | 408 | $112M | 100% | $274K |
- Clients
- 349
- Regulatory AUM
- $51.1M
- AUM share
- 45.6%
- Avg. per client
- $146K
- Clients
- 53
- Regulatory AUM
- $54.5M
- AUM share
- 48.7%
- Avg. per client
- $1.03M
- Clients
- 6
- Regulatory AUM
- $6.36M
- AUM share
- 5.7%
- Avg. per client
- $1.06M
Total
- Clients
- 408
- Regulatory AUM
- $112M
- AUM share
- 100%
- Avg. per client
- $274K
- 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
- 1–10
UnderDog Wealth Management charges up to 1.75% a year for its Wealth Management Fees. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Personalized financial planning is billed at $250 per hour, with an estimate before the project; fees are generally payable when the plan is presented and are negotiable.
- Retirement Plan and IRA Services
- Retirement plan and IRA clients pay a negotiated fee schedule, billed in arrears; commissions and 12b-1 fees received are offset against the advisory fee.
Anthony Brinda owns 75% or more of UnderDog Wealth Management. The leadership team of UnderDog Wealth Management includes Chief Compliance Officer Anthony Brinda. It has 2 employees.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- 1 insurance agent
- Owns 75% or more of Underdog Wealth Management, LLC
Anthony Brinda
Control person · since February 2010
Besides its headquarters, UnderDog Wealth Management has 0 offices, with 1 listed address in 1 state.
Minnesota · 1 listed address
- 13762 Reimer Drive N, Maple GroveHQ
Contact and registration details
- Legal name
- Underdog Wealth Management, LLC
- Headquarters
- 13762 Reimer Drive N, Maple Grove, MN 55311
- Website
- underdogwealthmanagement.com
- Phone
- 763-497-3000
- SEC file
- 801-136619
- Structure
- Minnesota LLC
- Fiscal year end
- December
UnderDog Wealth Management’s named custodian for separately managed accounts is Altruist ($106M). UnderDog Wealth Management does not have custody of client assets.
- AltruistAltruist Financial LLC · Culver City, CA · $106M100%
At year end, UnderDog Wealth Management’s separately managed accounts were mostly in funds (90%).
What the accounts hold
- Stocks8%
- Funds90%
- Cash2%
How many clients does UnderDog Wealth Management have?
UnderDog Wealth Management has 408 clients and manages $112 million for them, as of June 2026. They include 349 individual clients, 53 high-net-worth individuals, and 6 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 June 2026
What services does UnderDog Wealth Management offer?
UnderDog Wealth Management provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does UnderDog Wealth Management charge?
UnderDog Wealth Management charges up to 1.75% a year for its Wealth Management Fees. The fee is billed in arrears and is negotiable.
Which custodians does UnderDog Wealth Management use?
UnderDog Wealth Management’s separately managed account assets are held at Altruist Financial LLC (Culver City, CA), with $106M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 June 2026
How many financial advisors does UnderDog Wealth Management have?
UnderDog Wealth Management has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does UnderDog Wealth Management invest in?
At the end of its last fiscal year, UnderDog Wealth Management’s separately managed accounts held 90% registered funds (mutual funds, ETFs, BDCs), 8% exchange-traded equities and 2% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns UnderDog Wealth Management?
UnderDog Wealth Management’s direct owner is Anthony Brinda (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 June 2026
How does UnderDog Wealth Management get paid?
UnderDog Wealth Management is paid through a percentage of assets under management, hourly charges and other compensation. 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
How do I contact UnderDog Wealth Management?
UnderDog Wealth Management’s main office is at 13762 Reimer Drive N, Maple Grove, MN 55311. Its phone number is 763-497-3000. Its website is underdogwealthmanagement.com.
