# Independent RIAs with the most accounts in North Dakota

As of October 2, 2026, Light Financial Services, Inc. ranked #1 in North Dakota in AdvisorIQ's ranking of independent RIAs with the most accounts, with 1,810.

As of: 2026-10-02
Address: https://advisoriq.com/ria/rankings/most-accounts/north-dakota/

## Facts

- ranking: Independent RIAs with the most accounts
- how_it_is_computed: Firms ranked by the number of accounts in their RAUM (Form ADV Item 5.F(2)(f)), discretionary and non-discretionary, in the data of October 2, 2026. SEC-registered and state-registered firms are both ranked. 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). 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.
- unit: count
- scope: North Dakota
- firms_listed: 25
- rows: rank: 1, crd: 131678, firm: Light Financial Services, Inc., city: Fargo, state: ND, value: 1810, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/131678/; rank: 2, crd: 122030, firm: Financial Strategies Group, city: Fargo, state: ND, value: 1346, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/122030/; rank: 3, crd: 149007, firm: Prairiewood Wealth Management, city: Fargo, state: ND, value: 1201, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/149007/; rank: 4, crd: 159467, firm: Wealth Forward, LLC, city: Fargo, state: ND, value: 1052, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/159467/; rank: 5, crd: 331043, firm: Brady Martz Wealth Solutions, LLC, city: Grand Forks, state: ND, value: 1046, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/331043/; rank: 6, crd: 316194, firm: Fleischer & Johnson Wealth Management, Inc., city: Bismarck, state: ND, value: 665, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/316194/; rank: 7, crd: 327541, firm: Fjell Capital, city: Fargo, state: ND, value: 654, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/327541/; rank: 8, crd: 123105, firm: Johnson Wealth Management, LLC, city: Grand Forks, state: ND, value: 596, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/123105/; rank: 9, crd: 328341, firm: Retirement Resource Wealth Management, LLC, city: West Fargo, state: ND, value: 566, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/328341/; rank: 10, crd: 166876, firm: Complete Investment Advisory, LLC, city: Fargo, state: ND, value: 436, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/166876/; rank: 11, crd: 147215, firm: Strategic Financial Inc., city: West Fargo, state: ND, value: 397, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/147215/; rank: 12, crd: 172199, firm: Capital City Wealth Management, Inc., city: Bismarck, state: ND, value: 298, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/172199/; rank: 13, crd: 310103, firm: Eighth Wonder Investments, city: Fargo, state: ND, value: 244, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/310103/; rank: 14, crd: 285986, firm: Hendrickson Financial Services, LLC, city: Dickinson, state: ND, value: 235, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/285986/; rank: 14, crd: 315529, firm: Shockman Financial, city: Fargo, state: ND, value: 235, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/315529/; rank: 16, crd: 297585, firm: Triton Investments, LLC, city: Bismarck, state: ND, value: 200, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/297585/; rank: 17, crd: 142302, firm: Schmidt Wealth Management, city: Fargo, state: ND, value: 175, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/142302/; rank: 18, crd: 281078, firm: Bona Fide Finance, city: Mandan, state: ND, value: 126, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/281078/; rank: 19, crd: 324454, firm: Flyway Financial, city: Steele, state: ND, value: 51, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/324454/; rank: 20, crd: 130701, firm: Ins Capital Management, LLC, city: Dickinson, state: ND, value: 38, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/130701/; rank: 21, crd: 164425, firm: Thoreson Steffes, city: Fargo, state: ND, value: 31, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/164425/; rank: 21, crd: 306809, firm: Blake Wealth Strategies, city: Grand Forks, state: ND, value: 31, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/306809/; rank: 23, crd: 318616, firm: Cultivate Financial, city: Fargo, state: ND, value: 23, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/318616/; rank: 23, crd: 338230, firm: 21st Financial, city: Grand Forks, state: ND, value: 23, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/338230/; rank: 25, crd: 319527, firm: Dakota Wealth Advisors LLC, city: Bismarck, state: ND, value: 11, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/319527/

## Notes

- Firms marked as successors reported on Form ADV Item 4 that they succeeded to another adviser's business; their growth is shown as reported.
- Each ranking lists at most the top 100 firms.

## Sources

- SEC, Information About Registered Investment Advisers (ia100226.zip), checked 2026-10-07: https://www.sec.gov/files/investment/data/other/information-about-registered-investment-advisers-exempt-reporting-advisers/ia100226.zip
- IAPD compilation reports (IA_FIRM_STATE_Feed_10_07_2026.xml.gz), checked 2026-10-07: https://adviserinfo.sec.gov/compilation

## Related

- [Independent RIAs with the most accounts, nationally](https://advisoriq.com/ria/rankings/most-accounts/)
- [RIA market data for North Dakota](https://advisoriq.com/ria/states/north-dakota/)
- [All RIA rankings](https://advisoriq.com/ria/rankings/)
- [How the directory is built](https://advisoriq.com/ria/methodology/)

## Cite as

AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/rankings/most-accounts/north-dakota/

License: https://advisoriq.com/license/