# Independent RIAs with the most clients 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 clients, with 1,244.

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

## Facts

- ranking: Independent RIAs with the most clients
- how_it_is_computed: Firms ranked by number of clients: the clients counted by type in Form ADV Item 5.D(a) to (n) plus clients for whom the firm has no RAUM (Item 5.C(1)), as reported in the latest filing in the data of October 2, 2026. Counts are approximate as firms report them; a client type marked "fewer than 5 clients" without a number adds nothing. 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: 1244, 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: 663, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/122030/; rank: 3, crd: 331043, firm: Brady Martz Wealth Solutions, LLC, city: Grand Forks, state: ND, value: 448, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/331043/; rank: 4, crd: 159467, firm: Wealth Forward, LLC, city: Fargo, state: ND, value: 379, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/159467/; rank: 5, crd: 328341, firm: Retirement Resource Wealth Management, LLC, city: West Fargo, state: ND, value: 358, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/328341/; rank: 6, crd: 147215, firm: Strategic Financial Inc., city: West Fargo, state: ND, value: 289, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/147215/; rank: 7, crd: 149007, firm: Prairiewood Wealth Management, city: Fargo, state: ND, value: 244, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/149007/; rank: 8, crd: 316194, firm: Fleischer & Johnson Wealth Management, Inc., city: Bismarck, state: ND, value: 232, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/316194/; rank: 9, crd: 327541, firm: Fjell Capital, city: Fargo, state: ND, value: 212, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/327541/; rank: 10, crd: 166876, firm: Complete Investment Advisory, LLC, city: Fargo, state: ND, value: 189, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/166876/; rank: 11, crd: 123105, firm: Johnson Wealth Management, LLC, city: Grand Forks, state: ND, value: 176, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/123105/; rank: 12, crd: 285986, firm: Hendrickson Financial Services, LLC, city: Dickinson, state: ND, value: 148, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/285986/; rank: 13, crd: 172199, firm: Capital City Wealth Management, Inc., city: Bismarck, state: ND, value: 135, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/172199/; rank: 14, crd: 315529, firm: Shockman Financial, city: Fargo, state: ND, value: 121, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/315529/; rank: 15, crd: 310103, firm: Eighth Wonder Investments, city: Fargo, state: ND, value: 108, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/310103/; rank: 16, crd: 306809, firm: Blake Wealth Strategies, city: Grand Forks, state: ND, value: 80, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/306809/; rank: 17, crd: 297585, firm: Triton Investments, LLC, city: Bismarck, state: ND, value: 79, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/297585/; rank: 18, crd: 142302, firm: Schmidt Wealth Management, city: Fargo, state: ND, value: 68, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/142302/; rank: 19, crd: 281078, firm: Bona Fide Finance, city: Mandan, state: ND, value: 51, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/281078/; rank: 20, crd: 338230, firm: 21st Financial, city: Grand Forks, state: ND, value: 46, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/338230/; 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: 22, crd: 324454, firm: Flyway Financial, city: Steele, state: ND, value: 28, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/324454/; rank: 23, crd: 130701, firm: Ins Capital Management, LLC, city: Dickinson, state: ND, value: 17, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/130701/; rank: 24, crd: 318616, firm: Cultivate Financial, city: Fargo, state: ND, value: 12, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/318616/; 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 clients, nationally](https://advisoriq.com/ria/rankings/most-clients/)
- [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-clients/north-dakota/

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