AdvisorCensus / Financial advisors / Minnesota / Minneapolis / Excelsior Investors
Excelsior Investors
Filed as EXCELSIOR INVESTORS · Legal name Intelligent Financial Strategies, LLC
Excelsior Investors is an SEC-registered investment advisory firm in Excelsior, MN, registered since 2000, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated January 23, 2026.
Quick answers
From the filingHow is Excelsior Investors compensated?
On its Form ADV (Item 5.E, October 2026), Excelsior Investors reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
What does Excelsior Investors' brochure say about its fees?
Its Form ADV Part 2A brochure dated January 22, 2026 states: Up to $2,000,000: 1% a year; Above $2,000,000: 0.5% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Excelsior Investors located?
Excelsior Investors' principal office is in Excelsior, MN, according to its Form ADV.
Is Excelsior Investors registered with the SEC or a state?
Excelsior Investors is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 108048.
How much does Excelsior Investors manage?
Excelsior Investors reports $241,994,381 in regulatory assets under management in its Form ADV filing dated January 23, 2026 (100% discretionary).
How have Excelsior Investors' assets and staff changed since 2021?
In the Form ADV data for Excelsior Investors: Regulatory assets under management: $149,829,538 in the October 2021 data and $241,994,381 in the October 2026 data, up 62%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Excelsior Investors serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (72); individuals (other than high net worth individuals) (33).
Which custodians does Excelsior Investors use?
Excelsior Investors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.
Does Excelsior Investors report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/108048
Does Excelsior Investors state an account minimum?
Its Form ADV Part 2A brochure dated January 22, 2026 says: "Registrant generally imposes an account minimum of $750,000 for investment advisory services. However, Registrant, in its sole discretion, may charge a lesser investment management fee based upon certain criteria"
What changed in Excelsior Investors' recent Form ADV filings?
In the February 2026 filing data: Regulatory assets under management went from $219,176,341 to $241,994,381 (+10%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2A| Assets | Annual rate |
|---|---|
| Up to $2,000,000 | 1% |
| Above $2,000,000 | 0.5% |
The brochure's wording
Assets Under Management Annual Fee (%) On the first $2,000,000 1.00% Amounts over $2,000,000 0.50%
Account minimum: $750,000
The brochure's wording
Registrant generally imposes an account minimum of $750,000 for investment advisory services. However, Registrant, in its sole discretion, may charge a lesser investment management fee based upon certain criteria
As stated in the firm's Form ADV Part 2A brochure dated January 22, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$241,994,381 as of October 2026, filing dated January 23, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
Registration and firm details
Items 1, 2, 5- Legal name
- Intelligent Financial Strategies, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2000 (26 years)
- Employees
- Total: 2. Performing investment advisory functions: 1.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
2 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $241,994,381 | 2 | January 23, 2026 |
| October 2025 | $219,176,341 | 2 | February 5, 2025 |
| October 2024 | $181,923,257 | 2 | September 26, 2024 |
| October 2023 | $160,486,307 | 2 | February 15, 2023 |
| October 2022 | $175,639,369 | 2 | January 24, 2022 |
| October 2021 | $149,829,538 | 2 | January 20, 2021 |
Regulatory assets under management: $149,829,538 in the October 2021 data and $241,994,381 in the October 2026 data, up 62%.
Total employees: 2 in October 2021 and 2 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- February 2026
- Regulatory assets under management went from $219,176,341 to $241,994,381 (+10%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Excelsior Investors (CRD 108048): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/excelsior-investors-excelsior-mn-108048