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For asset managers

Ranking, Minnesota

Fastest-growing independent RIAs over three years in Minnesota

As of October 2, 2026, Fiat Wealth Management ranked #1 in Minnesota in AdvisorIQ's ranking of fastest-growing independent RIAs over three years, with 57.1%, from a base of $133.4 million.

Include wirehouses and broker-dealer firms

SEC-registered firms ranked by compound annual growth in RAUM over the three years between the SEC snapshots of October 5, 2023 and October 2, 2026, for firms with at least $100 million in RAUM at the start. The value is a fraction per year and base_value is the starting RAUM. Firms growing more than 100 percent a year are left out: on Form ADV that almost always reflects a merger, an acquisition or assets moved from an affiliated adviser rather than growth, and each firm's own page still shows the change. Independent wealth management RIAs are ranked: firms whose individual and high net worth clients hold at least half of their regulatory assets and that offer financial planning or portfolio management for individuals, leaving out broker-dealers, banks and their advisory arms. The all wealth firms view ranks the same way with those broker-dealer affiliated firms added. Asset managers, private fund managers, pension consultants and platform managers are never ranked (see the methodology). Only SEC-registered firms are ranked: the state-registered firm data is current only, with no earlier snapshots. Growth includes market movement, net new assets and acquisitions. State lists use each firm's main office state, or its registration state when the main office is not public. The US list leaves out firms whose main office is outside the United States. Equal values share a rank and are listed by CRD number.

Fastest-growing independent RIAs over three years in Minnesota
Rank Firm City Growth Starting value
1 Fiat Wealth Management Wayzata 57.1% $133.4 million
2 Northrock Partners, LLC Minneapolis 42.7% $4.2 billion
3 Boyum Wealth Architects LLC Bloomington 39.5% $207.9 million
4 Tradition Wealth Management LLC Edina 33.6% $1.1 billion
5 Cordis Financial, LLC Minneapolis 33.3% $152.2 million
6 Petros Family Wealth, LLC Bloomington 31.4% $150.5 million
7 Strong Tower Advisory Services Minneapolis 30.5% $341.4 million
8 Wealth Enhancement Advisory Services, LLC Plymouth 29.4% $56.4 billion
9 Greater Midwest Financial Group, LLC St. Paul 29.3% $272.7 million
10 Berger Financial Group Plymouth 29.3% $1.4 billion
11 Pine Grove Financial Group Woodbury 28.7% $699.8 million
12 Strategic Asset Management LLC. Rochester 28.2% $103.7 million
13 Element Squared Private Wealth Minneapolis 26.1% $101.5 million
14 Fortress Financial Group, LLC Rochester 25.2% $179.4 million
15 The Wealth Group - Austin B. Colby & Associates Eden Prairie 25.1% $363.1 million
16 Echo Wealth Management, LLC Plymouth 24.9% $147.8 million
17 Abbey Street Eden Prairie 24.9% $192.6 million
18 Pack Private Wealth, LLC Wayzata 23.8% $172.0 million
19 Bluestem Wealth Partners, LLC Minnetonka 23.6% $592.9 million
20 Marquette Wealth Management Minnetonka 23.3% $569.9 million
21 MD Financial Advisors / Vestment Financial Chanhassen 22.9% $163.7 million
22 Logan Park Wealth Management Minneapolis 22.6% $252.0 million
23 MJT & Associates Financial Advisory Group, Inc. Montevideo 20.8% $112.8 million
24 Stiles Financial Services, Inc. Edina 20.8% $311.6 million
25 Flourish Wealth Management Inc. Edina 20.7% $258.9 million
26 Mann Financial Group Detroit Lakes 20.6% $225.4 million
27 Pitzl Financial Arden Hills 20.4% $285.3 million
28 Quarry Hill Advisors St. Paul 20.4% $226.3 million
29 Secured Retirement Advisors, LLC St. Louis Park 20.4% $146.2 million
30 Midwest Financial Partners St. Cloud 20.2% $873.5 million
31 Guardian Wealth Strategies, LLC Minneapols 19.7% $663.2 million
32 Vermillion Wealth Management Inc. Rosemount 19.7% $268.2 million
33 Modus Advisors, LLC Excelsior 19.6% $351.3 million
34 Michael Traxler Wealth Management, LLC New Prague 19.0% $115.4 million
35 Great River Financial Plymouth 19.0% $119.8 million
36 Affiance Financial LLC St. Louis Park 19.0% $814.8 million
37 Allodium Investment Consultants, LLC Minneapolis 18.9% $342.7 million
38 360 Financial Wayzata 18.5% $420.6 million
39 Everest Financial Group Minneapolis 18.2% $607.1 million
40 Birchwood Financial Partners, Inc. Bloomington 18.0% $518.7 million
41 Phillip James Financial Co. Plymouth 18.0% $135.0 million
42 Schwarz Dygos Wheeler Investment Advisors LLC Minneapolis 17.9% $445.3 million
43 Summit Investment Advisory Services Roseville 17.8% $456.0 million
44 Gradient Advisors, LLC Arden Hills 17.8% $177.1 million
45 Rossjohnson & Associates, LLC Plymouth 17.6% $130.2 million
46 All Terrain Financial Advisors Coon Rapids 17.3% $234.7 million
47 Boulay Wealth Eden Prairie 17.2% $1.9 billion
48 Cahill Financial Advisors, Inc. Edina 17.2% $1.1 billion
49 FFP Wealth Management, LLC Coon Rapids 17.0% $188.1 million
50 Sieben Wealth Planning LLC Edina 16.7% $101.3 million
51 Valtinson Bruner Financial Planning New Brighton 16.7% $448.4 million
52 Cornerstone Wealth Advisors, Inc. Edina 16.6% $384.4 million
53 Enspyre Wealth Advisors, Inc. Woodbury 16.4% $137.9 million
54 Captar Private Wealth St. Louis Park 16.4% $105.0 million
55 Financial Perspectives Minneapolis 16.2% $744.1 million
56 Excel Financial, LLC Red Wing 16.1% $258.3 million
57 Legacies Wealth LLC Minnetonka 16.0% $323.9 million
58 Jones Kertz & Associates, Inc. Blaine 15.7% $154.3 million
59 Isc Financial Advisors Albert Lea 15.7% $1.0 billion
60 Jnba Financial Advisors, LLC Bloomington 15.7% $1.3 billion
61 Legacy Wealth Woodbury 15.4% $355.7 million
62 Highmark Wealth Management LLC St. Paul 15.3% $398.5 million
63 Focus Financial Minneapolis 15.2% $4.5 billion
64 Acumen Financial Advisors, LLC Edina 15.0% $306.1 million
65 Guardian Wealth Advisors, LLC St. Louis Park 14.9% $197.8 million
66 Northland Capital Management Virginia 14.8% $155.4 million
67 Excelsior Investors Excelsior 14.7% $160.5 million
68 Accredited Investors Wealth Management Edina 14.3% $3.0 billion
69 Silveroak Wealth Management LLC Edina 13.8% $1.4 billion
70 Thomas Leo Advisory, LLC Minneapolis 13.6% $131.5 million
71 Compass Capital Management Inc Minneapolis 13.5% $1.8 billion
72 Lfa St. Cloud 12.9% $244.5 million
73 Stonebridge Capital Advisors LLC St. Paul 12.7% $1.8 billion
74 MHS Advisory Services, LLC Maple Grove 12.6% $177.6 million
75 Ballast Advisors, LLC Woodbury 12.5% $473.5 million
76 Bond & Devick Wealth Partners St. Louis Park 12.1% $500.2 million
77 Legacy Financial Advisors Corporation Bloomington 12.1% $225.3 million
78 Trademark Financial Management, LLC Bloomington 12.1% $208.2 million
79 Bright Angel Advisors LLC St. Paul 12.0% $159.3 million
80 High Note Wealth, LLC Deephaven 11.6% $491.2 million
81 Access Financial Services, Inc. Minneapolis 11.6% $314.7 million
82 Cherry Tree Wealth Management, LLC Minnetonka 11.6% $484.9 million
83 Lifetime Wealth Management, LLC Rochester 11.6% $133.8 million
84 Dougherty & Associates Financial Advisors, Inc. Buffalo 11.3% $277.5 million
85 Marks Group Wealth Management, Inc. Minnetonka 11.3% $1.5 billion
86 White Oaks Wealth Advisors, Inc. Minneapolis 11.2% $449.3 million
87 The Advocate Group, LLC Minnetonka 11.1% $591.1 million
88 Navpoint Financial, Inc. Prior Lake 11.0% $549.5 million
89 Laurel Wealth Planning Edina 11.0% $331.8 million
90 Webb Financial Group Bloomington 10.4% $295.1 million
91 Caissa Wealth Strategies Bloomington 10.4% $220.7 million
92 Usadvisors Wealth Management, LLC Eden Prairie 10.2% $360.9 million
93 White Pine Capital LLC Bloomington 9.9% $324.6 million
94 Stevens Foster Financial Advisors Bloomington 9.2% $576.5 million
95 All Star Financial Minneapolis 9.1% $679.8 million
96 Nicollet Investment Management, Inc. Minneapolis 9.0% $430.7 million
97 Great Waters Financial Shoreview 8.9% $957.6 million
98 Perkins Capital Management Inc Wayzata 8.7% $115.0 million
99 Keystone Wealth Advisors, Incorporated Eagan 8.7% $156.9 million
100 Paradigm, Strategies in Wealth Management, LLC Maple Grove 7.7% $250.8 million

Showing the top 100. Figures are as firms reported them on Form ADV.

More rankings

Fastest growing, 3 years by state

Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.