{
  "crd_number": 108048,
  "slug": "excelsior-investors-excelsior-mn-108048",
  "primary_business_name": "EXCELSIOR INVESTORS",
  "legal_name": "INTELLIGENT FINANCIAL STRATEGIES, LLC",
  "dbas": [],
  "city": "Excelsior",
  "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": "2000-05-31",
  "years_registered": 26,
  "period": "2026-10-01",
  "filing_date": "2026-01-23",
  "carried_forward": false,
  "raum_total": 241994381.0,
  "raum_discretionary": 241994381.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 2,
  "advisory_employees": 1,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 2835838.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 18148143.0,
      "count": 33
    },
    "high_net_worth_individuals": {
      "raum": 221010400.0,
      "count": 72
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "MN"
  ],
  "websites": [
    "https://excelsiorinvestors.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108048",
  "city_as_filed": "EXCELSIOR",
  "url": "https://advisorcensus.com/firm/excelsior-investors-excelsior-mn-108048",
  "display_name": "Excelsior Investors",
  "summary": "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.",
  "citation": "AdvisorCensus. Excelsior Investors (CRD 108048): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Excelsior Investors compensated?",
      "a": "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)."
    },
    {
      "q": "What does Excelsior Investors' brochure say about its fees?",
      "a": "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."
    },
    {
      "q": "Where is Excelsior Investors located?",
      "a": "Excelsior Investors' principal office is in Excelsior, MN, according to its Form ADV."
    },
    {
      "q": "Is Excelsior Investors registered with the SEC or a state?",
      "a": "Excelsior Investors is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 108048."
    },
    {
      "q": "How much does Excelsior Investors manage?",
      "a": "Excelsior Investors reports $241,994,381 in regulatory assets under management in its Form ADV filing dated January 23, 2026 (100% discretionary)."
    },
    {
      "q": "How have Excelsior Investors' assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Excelsior Investors serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (72); individuals (other than high net worth individuals) (33)."
    },
    {
      "q": "Which custodians does Excelsior Investors use?",
      "a": "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."
    },
    {
      "q": "Does Excelsior Investors report any disciplinary disclosures?",
      "a": "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"
    },
    {
      "q": "Does Excelsior Investors state an account minimum?",
      "a": "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\""
    },
    {
      "q": "What changed in Excelsior Investors' recent Form ADV filings?",
      "a": "In the February 2026 filing data: Regulatory assets under management went from $219,176,341 to $241,994,381 (+10%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 149829538.0,
      "total_employees": 2,
      "filing_date": "2021-01-20"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 175639369.0,
      "total_employees": 2,
      "filing_date": "2022-01-24"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 160486307.0,
      "total_employees": 2,
      "filing_date": "2023-02-15"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 181923257.0,
      "total_employees": 2,
      "filing_date": "2024-09-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 219176341.0,
      "total_employees": 2,
      "filing_date": "2025-02-05"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 241994381.0,
      "total_employees": 2,
      "filing_date": "2026-01-23"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Regulatory assets under management went from $219,176,341 to $241,994,381 (+10%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated January 22, 2026",
    "tiers": [
      {
        "band": "Up to $2,000,000",
        "rate": "1%"
      },
      {
        "band": "Above $2,000,000",
        "rate": "0.5%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$750,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $2,000,000: 1% a year",
          "Above $2,000,000: 0.5% a year"
        ],
        "quotes": [
          "Assets Under Management                               Annual Fee (%) \nOn the first $2,000,000                                            1.00% \nAmounts over $2,000,000      0.50%"
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $750,000"
        ],
        "quotes": [
          "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"
        ]
      }
    ],
    "quotes": [
      "Assets Under Management                               Annual Fee (%) \nOn the first $2,000,000                                            1.00% \nAmounts over $2,000,000      0.50%",
      "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"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL 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/excelsior-investors-excelsior-mn-108048.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 33,
      "fewer_than_5": false,
      "raum": 18148143.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 72,
      "fewer_than_5": false,
      "raum": 221010400.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 2835838.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "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/108048",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}