IAR CE deadline: December 31. 84 days left in adopting states. Check what you owe

For asset managers
AdvisorIQ

Ranking, Minnesota

Fastest-growing wealth firms over three years, including broker-dealer firms in Minnesota

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

Showing all wealth firms, including wirehouses and broker-dealer firms. Independent RIAs only

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.

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 Cliftonlarsonallen Wealth Advisors, LLC Broker-dealer affiliated Minneapolis 28.8% $6.8 billion
12 Pine Grove Financial Group Woodbury 28.7% $699.8 million
13 Strategic Asset Management LLC. Rochester 28.2% $103.7 million
14 Element Squared Private Wealth Minneapolis 26.1% $101.5 million
15 Northland Asset Management Broker-dealer affiliated Minneapolis 25.9% $203.2 million
16 The Oak Ridge Financial Services Group, Inc Broker-dealer affiliated Golden Valley 25.5% $338.0 million
17 Strategic Wealth Group Broker-dealer affiliated Eden Prairie 25.5% $777.3 million
18 Fortress Financial Group, LLC Rochester 25.2% $179.4 million
19 The Wealth Group - Austin B. Colby & Associates Eden Prairie 25.1% $363.1 million
20 Echo Wealth Management, LLC Plymouth 24.9% $147.8 million
21 Abbey Street Eden Prairie 24.9% $192.6 million
22 Paladin Financial Broker-dealer affiliated Arden Hills 24.4% $112.7 million
23 Pack Private Wealth, LLC Wayzata 23.8% $172.0 million
24 Bluestem Wealth Partners, LLC Minnetonka 23.6% $592.9 million
25 Marquette Wealth Management Minnetonka 23.3% $569.9 million
26 MD Financial Advisors / Vestment Financial Chanhassen 22.9% $163.7 million
27 Logan Park Wealth Management Minneapolis 22.6% $252.0 million
28 MJT & Associates Financial Advisory Group, Inc. Montevideo 20.8% $112.8 million
29 Stiles Financial Services, Inc. Edina 20.8% $311.6 million
30 Flourish Wealth Management Inc. Edina 20.7% $258.9 million
31 Mann Financial Group Detroit Lakes 20.6% $225.4 million
32 Pitzl Financial Arden Hills 20.4% $285.3 million
33 Quarry Hill Advisors St. Paul 20.4% $226.3 million
34 Secured Retirement Advisors, LLC St. Louis Park 20.4% $146.2 million
35 Midwest Financial Partners St. Cloud 20.2% $873.5 million
36 Guardian Wealth Strategies, LLC Minneapols 19.7% $663.2 million
37 Vermillion Wealth Management Inc. Rosemount 19.7% $268.2 million
38 Modus Advisors, LLC Excelsior 19.6% $351.3 million
39 Michael Traxler Wealth Management, LLC New Prague 19.0% $115.4 million
40 Great River Financial Plymouth 19.0% $119.8 million
41 Affiance Financial LLC St. Louis Park 19.0% $814.8 million
42 Allodium Investment Consultants, LLC Minneapolis 18.9% $342.7 million
43 360 Financial Wayzata 18.5% $420.6 million
44 Thrivent Investment Management Inc. Broker-dealer affiliated Minneapolis 18.5% $12.5 billion
45 Everest Financial Group Minneapolis 18.2% $607.1 million
46 Feltl Advisors Broker-dealer affiliated Plymouth 18.2% $100.4 million
47 Birchwood Financial Partners, Inc. Bloomington 18.0% $518.7 million
48 Phillip James Financial Co. Plymouth 18.0% $135.0 million
49 Schwarz Dygos Wheeler Investment Advisors LLC Minneapolis 17.9% $445.3 million
50 Summit Investment Advisory Services Roseville 17.8% $456.0 million
51 Gradient Advisors, LLC Arden Hills 17.8% $177.1 million
52 Rossjohnson & Associates, LLC Plymouth 17.6% $130.2 million
53 All Terrain Financial Advisors Coon Rapids 17.3% $234.7 million
54 Boulay Wealth Eden Prairie 17.2% $1.9 billion
55 Cahill Financial Advisors, Inc. Edina 17.2% $1.1 billion
56 FFP Wealth Management, LLC Coon Rapids 17.0% $188.1 million
57 Ameriprise Financial Services, LLC Broker-dealer affiliated Minneapolis 16.8% $414.4 billion
58 Sieben Wealth Planning LLC Edina 16.7% $101.3 million
59 Valtinson Bruner Financial Planning New Brighton 16.7% $448.4 million
60 Cornerstone Wealth Advisors, Inc. Edina 16.6% $384.4 million
61 Enspyre Wealth Advisors, Inc. Woodbury 16.4% $137.9 million
62 Captar Private Wealth St. Louis Park 16.4% $105.0 million
63 Financial Perspectives Minneapolis 16.2% $744.1 million
64 Excel Financial, LLC Red Wing 16.1% $258.3 million
65 Legacies Wealth LLC Minnetonka 16.0% $323.9 million
66 Oakwood Capital, Inc. Broker-dealer affiliated St. Louis Park 15.8% $196.0 million
67 Jones Kertz & Associates, Inc. Blaine 15.7% $154.3 million
68 Isc Financial Advisors Albert Lea 15.7% $1.0 billion
69 Jnba Financial Advisors, LLC Bloomington 15.7% $1.3 billion
70 Legacy Wealth Woodbury 15.4% $355.7 million
71 Highmark Wealth Management LLC St. Paul 15.3% $398.5 million
72 Focus Financial Minneapolis 15.2% $4.5 billion
73 Gradient Wealth Management Broker-dealer affiliated Arden Hills 15.0% $399.4 million
74 Acumen Financial Advisors, LLC Edina 15.0% $306.1 million
75 Guardian Wealth Advisors, LLC St. Louis Park 14.9% $197.8 million
76 Northland Capital Management Virginia 14.8% $155.4 million
77 Excelsior Investors Excelsior 14.7% $160.5 million
78 Capital Management Associates Inc Broker-dealer affiliated Minneapolis 14.4% $1.3 billion
79 Accredited Investors Wealth Management Edina 14.3% $3.0 billion
80 Silveroak Wealth Management LLC Edina 13.8% $1.4 billion
81 Thomas Leo Advisory, LLC Minneapolis 13.6% $131.5 million
82 Compass Capital Management Inc Minneapolis 13.5% $1.8 billion
83 Colliers Securities LLC Broker-dealer affiliated Minneapolis 12.9% $228.9 million
84 Lfa St. Cloud 12.9% $244.5 million
85 Stonebridge Capital Advisors LLC St. Paul 12.7% $1.8 billion
86 MHS Advisory Services, LLC Maple Grove 12.6% $177.6 million
87 Ballast Advisors, LLC Woodbury 12.5% $473.5 million
88 Bond & Devick Wealth Partners St. Louis Park 12.1% $500.2 million
89 Legacy Financial Advisors Corporation Bloomington 12.1% $225.3 million
90 Trademark Financial Management, LLC Bloomington 12.1% $208.2 million
91 Bright Angel Advisors LLC St. Paul 12.0% $159.3 million
92 Efs Advisors Broker-dealer affiliated Cambridge 11.9% $1.7 billion
93 High Note Wealth, LLC Deephaven 11.6% $491.2 million
94 Access Financial Services, Inc. Minneapolis 11.6% $314.7 million
95 Cherry Tree Wealth Management, LLC Minnetonka 11.6% $484.9 million
96 Lifetime Wealth Management, LLC Rochester 11.6% $133.8 million
97 Dougherty & Associates Financial Advisors, Inc. Buffalo 11.3% $277.5 million
98 Marks Group Wealth Management, Inc. Minnetonka 11.3% $1.5 billion
99 White Oaks Wealth Advisors, Inc. Minneapolis 11.2% $449.3 million
100 The Advocate Group, LLC Minnetonka 11.1% $591.1 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.