{
  "crd_number": 311284,
  "slug": "element-squared-private-wealth-minneapolis-mn-311284",
  "primary_business_name": "ELEMENT SQUARED PRIVATE WEALTH",
  "legal_name": "ELEMENT SQUARED LLC",
  "dbas": [],
  "city": "Minneapolis",
  "state": "MN",
  "country": "United States",
  "cbsa_code": "33460",
  "metro": {
    "cbsa_code": "33460",
    "common_name": "Minneapolis",
    "msa_name": "Minneapolis-St. Paul-Bloomington, MN-WI",
    "path": "/advisors/mn/minneapolis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2023-08-21",
  "years_registered": 3,
  "period": "2026-10-01",
  "filing_date": "2026-09-15",
  "carried_forward": false,
  "raum_total": 203482682.0,
  "raum_discretionary": 203482682.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 7,
  "advisory_employees": 6,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 94771813.0,
      "count": 397
    },
    "high_net_worth_individuals": {
      "raum": 108710869.0,
      "count": 81
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "AL",
    "AZ",
    "CA",
    "CO",
    "CT",
    "FL",
    "GA",
    "IA",
    "IL",
    "IN",
    "LA",
    "MA",
    "MD",
    "MI",
    "MN",
    "MO",
    "NC",
    "NE",
    "NH",
    "NJ",
    "NY",
    "OH",
    "OR",
    "PA",
    "SC",
    "TN",
    "TX",
    "VA",
    "WA",
    "WI"
  ],
  "websites": [
    "https://elementsquared.com",
    "https://linkedin.com/in/drewsweetman"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/311284",
  "disclosure_items": [
    {
      "item": "11.B(2)",
      "question": "In the past ten years, has the firm or an advisory affiliate been charged with one of the misdemeanors listed in 11.B(1)?"
    }
  ],
  "city_as_filed": "MINNEAPOLIS",
  "url": "https://advisorcensus.com/firm/element-squared-private-wealth-minneapolis-mn-311284",
  "display_name": "Element Squared Private Wealth",
  "summary": "Element Squared Private Wealth is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 15, 2026.",
  "citation": "AdvisorCensus. Element Squared Private Wealth (CRD 311284): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Element Squared Private Wealth compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Element Squared Private Wealth reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "What does Element Squared Private Wealth's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated February 27, 2026 states: Up to $499,999: 1.7% a year; $500,000 to $999,999: 1.5% a year; $1,000,000 to $2,499,999: 1.25% a year; Above $2,500,000: 1% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Element Squared Private Wealth located?",
      "a": "Element Squared Private Wealth's principal office is in Minneapolis, MN, according to its Form ADV."
    },
    {
      "q": "Is Element Squared Private Wealth registered with the SEC or a state?",
      "a": "Element Squared Private Wealth is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 311284."
    },
    {
      "q": "How much does Element Squared Private Wealth manage?",
      "a": "Element Squared Private Wealth reports $203,482,682 in regulatory assets under management in its Form ADV filing dated September 15, 2026 (100% discretionary)."
    },
    {
      "q": "How have Element Squared Private Wealth's assets and staff changed since 2023?",
      "a": "In the Form ADV data for Element Squared Private Wealth: Regulatory assets under management: $101,527,995 in the October 2023 data and $203,482,682 in the October 2026 data, up 100%. Total employees: 6 in October 2023 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Element Squared Private Wealth serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (397); high net worth individuals (81)."
    },
    {
      "q": "Which custodians does Element Squared Private Wealth use?",
      "a": "Element Squared Private Wealth's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Element Squared Private Wealth report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.B(2) (charge for a listed misdemeanor in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/311284"
    },
    {
      "q": "Does Element Squared Private Wealth state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated February 27, 2026 says: \"Element Squared typically requires a minimum of $50,000 to open an account. In certain instances, the minimum account size may be lowered or waived.\""
    },
    {
      "q": "What changed in Element Squared Private Wealth's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Registered or notice-filed in SC."
    }
  ],
  "filing_history": [
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 101527995.0,
      "total_employees": 6,
      "filing_date": "2023-09-25"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 106493000.0,
      "total_employees": 5,
      "filing_date": "2024-03-12"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 168300000.0,
      "total_employees": 6,
      "filing_date": "2025-04-17"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 203482682.0,
      "total_employees": 7,
      "filing_date": "2026-09-15"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Registered or notice-filed in SC."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $168,300,000 to $203,482,682 (+21%).",
        "Registered or notice-filed in AL, MA, MD, MO, NJ, OR, TN, VA."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated February 27, 2026",
    "tiers": [
      {
        "band": "Up to $499,999",
        "rate": "1.7%"
      },
      {
        "band": "$500,000 to $999,999",
        "rate": "1.5%"
      },
      {
        "band": "$1,000,000 to $2,499,999",
        "rate": "1.25%"
      },
      {
        "band": "Above $2,500,000",
        "rate": "1%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$50,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $499,999: 1.7% a year",
          "$500,000 to $999,999: 1.5% a year",
          "$1,000,000 to $2,499,999: 1.25% a year",
          "Above $2,500,000: 1% a year"
        ],
        "quotes": [
          "Element Squared charges an annual investment advisory fee based on the total assets under management as follows:",
          "$0 to $499, 999 1.7% .425%",
          "$500,000 to $999,999 1.5% .375%",
          "$1,000,000 to $2,499,999 1.25% .313%",
          "$2,500,000 and above 1.0% .250%"
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $50,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Element Squared typically requires a minimum of $50,000 to open an account. In certain instances, the minimum account size may be lowered or waived."
        ]
      }
    ],
    "quotes": [
      "Element Squared charges an annual investment advisory fee based on the total assets under management as follows:",
      "$0 to $499, 999 1.7% .425%",
      "$500,000 to $999,999 1.5% .375%",
      "$1,000,000 to $2,499,999 1.25% .313%",
      "$2,500,000 and above 1.0% .250%",
      "Element Squared typically requires a minimum of $50,000 to open an account. In certain instances, the minimum account size may be lowered or waived."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/element-squared-private-wealth-minneapolis-mn-311284.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 397,
      "fewer_than_5": false,
      "raum": 94771813.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 81,
      "fewer_than_5": false,
      "raum": 108710869.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/311284",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}