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AdvisorIQ

Ranking, Minnesota

Wealth firms with the most advisory staff, including broker-dealer firms in Minnesota

As of October 2, 2026, Ameriprise Financial Services, LLC ranked #1 in Minnesota in AdvisorIQ's ranking of wealth firms with the most advisory staff, including broker-dealer firms, with 12,681.

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

Firms ranked by employees who perform investment advisory functions, including research (Form ADV Item 5.B(1)), 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.

Rank Firm City Most advisory staff
1 Ameriprise Financial Services, LLC Broker-dealer affiliated Minneapolis 12,681
2 Thrivent Investment Management Inc. Broker-dealer affiliated Minneapolis 2,963
3 Wealth Enhancement Advisory Services, LLC Plymouth 850
4 Gradient Advisors, LLC Arden Hills 166
5 U.S. Bancorp Advisors, LLC Broker-dealer affiliated St. Paul 141
6 Thrivent Advisor Network, LLC Broker-dealer affiliated Minneapolis 119
7 Focus Financial Minneapolis 114
8 Northrock Partners, LLC Minneapolis 91
9 Cliftonlarsonallen Wealth Advisors, LLC Broker-dealer affiliated Minneapolis 81
10 Advisornet Wealth Partners Minnetonka 68
11 Gradient Wealth Management Broker-dealer affiliated Arden Hills 67
12 Berger Financial Group Plymouth 57
13 Efs Advisors Broker-dealer affiliated Cambridge 52
14 Redhawk Wealth Advisors, Inc. Minneapolis 47
15 Advisory Solutions Group Plymouth 33
16 The Oak Ridge Financial Services Group, Inc Broker-dealer affiliated Golden Valley 32
17 Jnba Financial Advisors, LLC Bloomington 31
17 Boulay Wealth Eden Prairie 31
19 Tradition Wealth Management LLC Edina 30
20 Van Clemens Wealth Management, LLC Broker-dealer affiliated Minneapolis 24
21 Riverbridge Minneapolis 23
21 Strategic Wealth Group Broker-dealer affiliated Eden Prairie 23
21 Great Waters Financial Shoreview 23
24 Northland Asset Management Broker-dealer affiliated Minneapolis 22
25 Colliers Securities LLC Broker-dealer affiliated Minneapolis 18
25 Fiduciary Counselling Inc St. Paul 18
25 Oakwood Capital, Inc. Broker-dealer affiliated St. Louis Park 18
25 Punch & Associates Investment Management, Inc. Edina 18
25 Nepsis, Inc. Minneapolis 18
25 Bluestem Wealth Partners, LLC Minnetonka 18
31 Capital Management Associates Inc Broker-dealer affiliated Minneapolis 17
32 Feltl Advisors Broker-dealer affiliated Plymouth 15
33 Financial Perspectives Minneapolis 14
33 Vantage Point Wealth Management Plymouth 14
33 Pine Grove Financial Group Woodbury 14
36 Stonebridge Capital Advisors LLC St. Paul 13
36 Fiat Wealth Management Wayzata 13
38 Cahill Financial Advisors, Inc. Edina 12
38 Everest Financial Group Minneapolis 12
38 Usadvisors Wealth Management, LLC Eden Prairie 12
41 Affiance Financial LLC St. Louis Park 11
41 Advanced Advisor Group, LLC Broker-dealer affiliated Cambridge 11
41 The Advocate Group, LLC Minnetonka 11
41 MD Financial Advisors / Vestment Financial Chanhassen 11
45 Compass Capital Management Inc Minneapolis 10
45 Isc Financial Advisors Albert Lea 10
45 360 Financial Wayzata 10
45 Birchwood Financial Partners, Inc. Bloomington 10
45 Strategic Asset Management LLC. Rochester 10
45 The Wealth Group - Austin B. Colby & Associates Eden Prairie 10
45 Parr McKnight Wealth Management Group Minneapolis 10
45 Cedar Cove Wealth Partners Bloomington 10
53 Marks Group Wealth Management, Inc. Minnetonka 9
53 Ais Planning St. Cloud 9
53 Cherry Tree Wealth Management, LLC Minnetonka 9
53 Boyum Wealth Architects LLC Bloomington 9
53 Dougherty & Associates Financial Advisors, Inc. Buffalo 9
53 Midwest Financial Partners St. Cloud 9
53 Fathom Advisors LLC Minneapolis 9
60 Murphy Pohlad Asset Management LLC Eden Prairie 8
60 Silveroak Wealth Management LLC Edina 8
60 Stiles Financial Services, Inc. Edina 8
60 Cornerstone Wealth Advisors, Inc. Edina 8
60 Summit Investment Advisory Services Roseville 8
60 Paladin Financial Broker-dealer affiliated Arden Hills 8
60 Petros Family Wealth, LLC Bloomington 8
60 Lifelong Wealth Advisors, Inc. Arden Hills 8
60 Ascent Advisors Mankato 8
69 Navpoint Financial, Inc. Prior Lake 7
69 Lfa St. Cloud 7
69 Schwarz Dygos Wheeler Investment Advisors LLC Minneapolis 7
69 MHS Advisory Services, LLC Maple Grove 7
69 Valtinson Bruner Financial Planning New Brighton 7
69 Abbey Street Eden Prairie 7
69 Fortress Financial Group, LLC Rochester 7
69 Tailwinds Wealth, LLC Vadnais Heights 7
69 DSG Capital Advisors, LLC Edina 7
78 Nicollet Investment Management, Inc. Minneapolis 6
78 Laurel Wealth Planning Edina 6
78 Caissa Wealth Strategies Bloomington 6
78 Epiq Partners, LLC Minneapolis 6
78 Star Capital Inc. Edina 6
78 Bond & Devick Wealth Partners St. Louis Park 6
78 Ballast Advisors, LLC Woodbury 6
78 Element Squared Private Wealth Minneapolis 6
78 Kure Advisory, LLC Plymouth 6
87 BGM Wealth Management Bloomington 5
87 Stevens Foster Financial Advisors Bloomington 5
87 Palisade Asset Management, LLC Minneapolis 5
87 Excel Financial, LLC Red Wing 5
87 Guardian Wealth Strategies, LLC Minneapols 5
87 Flourish Wealth Management Inc. Edina 5
87 Modus Advisors, LLC Excelsior 5
87 Cordis Financial, LLC Minneapolis 5
87 Scarecrow Advisors, LLC Savage 5
87 Retire Agile Hermantown 5
87 Christensen Group Financial, LLC Eden Prairie 5
87 All Star Financial Minneapolis 5
87 E-Wealth Partners Minnetonka 5
87 Freedom Financial Partners LLC Oakdale 5
87 Iwealth Waseca 5
87 Fpnavigators Maple Grove 5

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

More rankings

Most advisory staff 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.