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PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
CRD 117962File 801-61205
APPROVED
Retail clients
Custody
Filing as of Apr 30, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$2.03B
Top 25% of cohort (national)
Discretionary AUM
$2.03B
Clients
562
559 accounts
Employees
34
Top 25% of cohort in MN
Identity & registration
ADV Item 1- Organization form
- Corporation
- Firm type
- Registered
- SEC region
- CHRO
- Registration date
- May 31, 2002
- Principal office
- 7701 FRANCE AVENUE SOUTH, #300, EDINA, MN, 55435
- Phone
- (952) 224-4350
- Website
- HTTP://PUNCHINVEST.COM/
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $2.03B
- Discretionary AUM
- $2.03B
- Non-discretionary AUM
- $0
- Discretionary accounts
- 559
- Non-discretionary accounts
- 0
- Total accounts
- 559
- AUM per client
- $3.6M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 5 | $39.9M |
| Investment companies | 1 | $0 |
| Charitable organizations | 9 | $71.0M |
| Other investment advisers | Fewer than 5 | $0 |
| High net worth individuals | 333 | $1.35B |
| Pooled investment vehicles | 2 | $386.5M |
| Pension and profit sharing plans | Fewer than 5 | $110.3M |
| Individuals (other than high net worth individuals) | 208 | $72.2M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Other
- Fixed fees
- Other (described) — A PERCENTAGE OF AUM ALLOCATED TO OUR MODEL PORTFOLIO
- Performance-based fees
- A percentage of assets under your management
Advisory activities
- Publications
- Other advisory activities
- Financial planning services
- Portfolio management for businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | Employees | 31 | 34 | increased by3 |
| Apr 1, 2026 | Clients | 588 | 562 | decreased by26 |
| Apr 1, 2026 | AUM | $2,086,855,319 | $2,026,865,282 | decreased by$59,990,037 |
| Apr 1, 2026 | Accounts | 540 | 559 | increased by19 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 23 | 31 | increased by8 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 515 | 588 | increased by73 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $2,075,143,444 | $2,086,855,319 | increased by$11,711,875 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 1,934 | 540 | decreased by1,394 |
| Apr 1, 2022 | Employees | 15 | 23 | increased by8 |
| Apr 1, 2022 | Clients | 499 | 515 | increased by16 |
| Apr 1, 2022 | AUM | $1,602,219,240 | $2,075,143,444 | increased by$472,924,204 |
| Apr 1, 2022 | Accounts | 1,842 | 1,934 | increased by92 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “PUNCH ASSOCIATES” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“PUNCH ASSOCIATES” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.