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For asset managers
AdvisorIQ

Ranking, Minnesota

Largest wealth firms by assets under management, including broker-dealer firms in Minnesota

As of October 2, 2026, Ameriprise Financial Services, LLC ranked #1 in Minnesota in AdvisorIQ's ranking of largest wealth firms by assets under management, including broker-dealer firms, with $660.5 billion.

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

SEC-registered and state-registered firms that report RAUM, ranked by RAUM. 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). RAUM is regulatory assets under management (Form ADV Item 5.F(2)(c)) as reported in each firm's latest Form ADV filing in the data of October 2, 2026, usually as of the firm's last fiscal year end. Firms reporting no RAUM are not ranked. 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 RAUM
1 Ameriprise Financial Services, LLC Broker-dealer affiliated Minneapolis $660.5 billion
2 Wealth Enhancement Advisory Services, LLC Plymouth $122.2 billion
3 Thrivent Investment Management Inc. Broker-dealer affiliated Minneapolis $20.8 billion
4 Cliftonlarsonallen Wealth Advisors, LLC Broker-dealer affiliated Minneapolis $14.4 billion
5 Northrock Partners, LLC Minneapolis $12.2 billion
6 Fiduciary Counselling Inc St. Paul $10.1 billion
7 Thrivent Advisor Network, LLC Broker-dealer affiliated Minneapolis $6.8 billion
8 Focus Financial Minneapolis $6.8 billion
9 Riverbridge Minneapolis $5.0 billion
10 Accredited Investors Wealth Management Edina $4.4 billion
11 Advisornet Wealth Partners Minnetonka $3.1 billion
12 Boulay Wealth Eden Prairie $3.0 billion
13 Berger Financial Group Plymouth $2.9 billion
14 Tradition Wealth Management LLC Edina $2.6 billion
15 Compass Capital Management Inc Minneapolis $2.6 billion
16 Stonebridge Capital Advisors LLC St. Paul $2.5 billion
17 Efs Advisors Broker-dealer affiliated Cambridge $2.4 billion
18 Punch & Associates Investment Management, Inc. Edina $2.0 billion
19 Marks Group Wealth Management, Inc. Minnetonka $2.0 billion
20 Jnba Financial Advisors, LLC Bloomington $2.0 billion
21 Silveroak Wealth Management LLC Edina $2.0 billion
22 Capital Management Associates Inc Broker-dealer affiliated Minneapolis $1.9 billion
23 U.S. Bancorp Advisors, LLC Broker-dealer affiliated St. Paul $1.8 billion
24 Cahill Financial Advisors, Inc. Edina $1.8 billion
25 Isc Financial Advisors Albert Lea $1.6 billion
26 Strategic Wealth Group Broker-dealer affiliated Eden Prairie $1.5 billion
27 Midwest Financial Partners St. Cloud $1.5 billion
28 Pine Grove Financial Group Woodbury $1.5 billion
29 Redhawk Wealth Advisors, Inc. Minneapolis $1.5 billion
30 Affiance Financial LLC St. Louis Park $1.4 billion
31 Palisade Asset Management, LLC Minneapolis $1.3 billion
32 Great Waters Financial Shoreview $1.2 billion
33 Financial Perspectives Minneapolis $1.2 billion
34 Guardian Wealth Strategies, LLC Minneapols $1.1 billion
35 Bluestem Wealth Partners, LLC Minnetonka $1.1 billion
36 Bearing Point Capital Richfield $1.1 billion
37 Parr McKnight Wealth Management Group Minneapolis $1.1 billion
38 Marquette Wealth Management Minnetonka $1.1 billion
39 Everest Financial Group Minneapolis $1.0 billion
40 All Star Financial Minneapolis $881.7 million
41 Birchwood Financial Partners, Inc. Bloomington $853.2 million
42 The Advocate Group, LLC Minnetonka $809.9 million
43 DSG Capital Advisors, LLC Edina $780.3 million
44 Strong Tower Advisory Services Minneapolis $759.2 million
45 Navpoint Financial, Inc. Prior Lake $752.2 million
46 Stevens Foster Financial Advisors Bloomington $750.4 million
47 Summit Investment Advisory Services Roseville $745.8 million
48 Schwarz Dygos Wheeler Investment Advisors LLC Minneapolis $730.4 million
49 Valtinson Bruner Financial Planning New Brighton $712.0 million
50 The Wealth Group - Austin B. Colby & Associates Eden Prairie $711.0 million
51 Lifelong Wealth Advisors, Inc. Arden Hills $710.4 million
52 Navista Wealth Management, Inc. Minnetonka $709.6 million
53 Bond & Devick Wealth Partners St. Louis Park $705.5 million
54 360 Financial Wayzata $700.5 million
55 High Note Wealth, LLC Deephaven $683.5 million
56 Ballast Advisors, LLC Woodbury $674.5 million
57 Cherry Tree Wealth Management, LLC Minnetonka $673.5 million
58 The Oak Ridge Financial Services Group, Inc Broker-dealer affiliated Golden Valley $668.6 million
59 Murphy Pohlad Asset Management LLC Eden Prairie $639.7 million
60 White Oaks Wealth Advisors, Inc. Minneapolis $618.3 million
61 Highmark Wealth Management LLC St. Paul $611.7 million
62 Cornerstone Wealth Advisors, Inc. Edina $608.7 million
63 Gradient Wealth Management Broker-dealer affiliated Arden Hills $607.9 million
64 Modus Advisors, LLC Excelsior $601.1 million
65 Ais Planning St. Cloud $591.0 million
66 Greater Midwest Financial Group, LLC St. Paul $589.3 million
67 Allodium Investment Consultants, LLC Minneapolis $576.8 million
68 Boyum Wealth Architects LLC Bloomington $564.0 million
69 Nicollet Investment Management, Inc. Minneapolis $557.4 million
70 Stiles Financial Services, Inc. Edina $548.7 million
71 Legacy Wealth Woodbury $546.0 million
72 BGM Wealth Management Bloomington $517.5 million
73 Fiat Wealth Management Wayzata $517.4 million
74 Legacies Wealth LLC Minnetonka $505.4 million
75 Pitzl Financial Arden Hills $498.0 million
76 Usadvisors Wealth Management, LLC Eden Prairie $483.3 million
77 Van Clemens Wealth Management, LLC Broker-dealer affiliated Minneapolis $470.4 million
78 Acumen Financial Advisors, LLC Edina $465.2 million
79 Logan Park Wealth Management Minneapolis $464.8 million
80 Vermillion Wealth Management Inc. Rosemount $459.9 million
81 Flourish Wealth Management Inc. Edina $455.2 million
82 Cedar Cove Wealth Partners Bloomington $455.0 million
83 Laurel Wealth Planning Edina $453.6 million
84 Ulland Investment Advisors, LLC Minneapolis $442.9 million
85 Access Financial Services, Inc. Minneapolis $437.8 million
86 Retire Agile Hermantown $433.7 million
87 White Pine Capital LLC Bloomington $430.6 million
88 Advisory Solutions Group Plymouth $408.4 million
89 Northland Asset Management Broker-dealer affiliated Minneapolis $405.5 million
90 Excel Financial, LLC Red Wing $404.5 million
91 Webb Financial Group Bloomington $397.2 million
92 Mann Financial Group Detroit Lakes $395.5 million
93 Quarry Hill Advisors St. Paul $394.8 million
94 Dunnavan & Co. Minneapolis $392.7 million
95 Dougherty & Associates Financial Advisors, Inc. Buffalo $382.9 million
96 All Terrain Financial Advisors Coon Rapids $379.2 million
97 Freedom Financial Partners LLC Oakdale $377.9 million
98 Abbey Street Eden Prairie $375.4 million
99 Dorval & Chorne Financial Advisors Maple Grove $373.9 million
100 Tealwood Asset Management Minneapolis $365.4 million

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

More rankings

Largest 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.