{"type":"ria_ranking","disclaimer":"Firm-level data as reported on Form ADV to the SEC and state regulators; corrections are made on Form ADV and appear after the next monthly reload.","title":"Newest independent RIAs in Minnesota","lead":"As of October 2, 2026, Advisory Solutions Group ranked #1 in Minnesota in AdvisorIQ's ranking of newest independent RIAs, with $408.4 million.","as_of":"2026-10-02","facts":{"ranking":"Newest independent RIAs","how_it_is_computed":"Firms whose current registration took effect in the 12 months before October 2, 2026, ranked by RAUM (firms with no RAUM rank last). The registration date is the SEC status effective date for SEC-registered firms, so a firm that moved from state to SEC registration counts as new to the SEC, and the earliest approved state registration for state-registered firms. 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":"usd","scope":"Minnesota","firms_listed":32,"rows":[{"rank":1,"crd":339919,"firm":"Advisory Solutions Group","city":"Plymouth","state":"MN","value":408369935,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/339919/"},{"rank":2,"crd":341142,"firm":"Vera Lake Capital, LLC","city":"Edina","state":"MN","value":180355372,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/341142/"},{"rank":3,"crd":146626,"firm":"North Compass Financial Advisors, LLC","city":"Grand Rapids","state":"MN","value":145961708,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/146626/"},{"rank":4,"crd":154974,"firm":"Twin Cities Retirement Group","city":"Plymouth","state":"MN","value":144901181,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/154974/"},{"rank":5,"crd":131425,"firm":"Financial Empowerment LLC","city":"Burnsville","state":"MN","value":126374281,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/131425/"},{"rank":6,"crd":300506,"firm":"Uak Diversified Wealth Advisors","city":"Mahtomedi","state":"MN","value":122658621,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/300506/"},{"rank":7,"crd":177521,"firm":"Future Bright","city":"Maple Grove","state":"MN","value":120620275,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/177521/"},{"rank":8,"crd":133181,"firm":"Colleen Weber CPA, LLC","city":"Chanhassen","state":"MN","value":120611435,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/133181/"},{"rank":9,"crd":290962,"firm":"Trott Brook Financial","city":"Anoka","state":"MN","value":120465881,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/290962/"},{"rank":10,"crd":106604,"firm":"Abens Financial Services Inc","city":"Edina","state":"MN","value":120118491,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/106604/"},{"rank":11,"crd":164423,"firm":"Boulevard","city":"Bloomington","state":"MN","value":119494387,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/164423/"},{"rank":12,"crd":281792,"firm":"One Life Financial Group, Inc.","city":"White Bear Lake","state":"MN","value":117982819,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/281792/"},{"rank":13,"crd":148326,"firm":"Superior Financial, LLC","city":"Rochester","state":"MN","value":112181935,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/148326/"},{"rank":14,"crd":152998,"firm":"Underdog Wealth Management, LLC","city":"Maple Grove","state":"MN","value":111880222,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/152998/"},{"rank":15,"crd":335353,"firm":"Ascent Advisors","city":"Mankato","state":"MN","value":110775600,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/335353/"},{"rank":16,"crd":340388,"firm":"Swan Wealth Management LLC","city":"Edina","state":"MN","value":49396617,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/340388/"},{"rank":17,"crd":314801,"firm":"Grounded Wealth","city":"Plymouth","state":"MN","value":31373241,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/314801/"},{"rank":18,"crd":338755,"firm":"Illumifi Wealth","city":"Blaine","state":"MN","value":8452654,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/338755/"},{"rank":19,"crd":341900,"firm":"Twin Arbor Wealth Management LLC","city":"St. Paul","state":"MN","value":6283709,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/341900/"},{"rank":20,"crd":340539,"firm":"Foundry Wealth Group","city":"Minneapolis","state":"MN","value":1250000,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/340539/"},{"rank":21,"crd":339477,"firm":"Remloe Capital LLC","city":"Eden Prairie","state":"MN","value":0,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/339477/"},{"rank":21,"crd":339844,"firm":"Luminous Money","city":"Minneapolis","state":"MN","value":0,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/339844/"},{"rank":21,"crd":341096,"firm":"First Class Financial","city":"Golden Valley","state":"MN","value":0,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/341096/"},{"rank":21,"crd":341249,"firm":"Your Path Wealth Management","city":"Bloomington","state":"MN","value":0,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/341249/"},{"rank":21,"crd":341782,"firm":"CMT Financial","city":"East Bethel","state":"MN","value":0,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/341782/"},{"rank":21,"crd":341865,"firm":"Mako Wealth Group","city":"Rochester","state":"MN","value":0,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/341865/"},{"rank":21,"crd":342866,"firm":"Bluenose Wealth LLC","city":"South Minneapolis","state":"MN","value":0,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/342866/"},{"rank":21,"crd":343180,"firm":"Vessel Wealth Partners","city":"Mendota Heights","state":"MN","value":0,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/343180/"},{"rank":21,"crd":343731,"firm":"Fathom Advisors LLC","city":"Minneapolis","state":"MN","value":0,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/343731/"},{"rank":21,"crd":343761,"firm":"Boria Wealth Management, Ltd","city":"Wayzata","state":"MN","value":0,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/343761/"},{"rank":21,"crd":344016,"firm":"Lodestone Fiduciary LLC","city":"Minnetonka","state":"MN","value":0,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/344016/"},{"rank":21,"crd":344170,"firm":"Linnhavn Wealth Advisors LLC","city":"Inver Grove Heights","state":"MN","value":0,"base_value":null,"succeeded_to_another_advisers_business":false,"url":"https://advisoriq.com/ria/firms/344170/"}]},"sources":[{"url":"https://www.sec.gov/files/investment/data/other/information-about-registered-investment-advisers-exempt-reporting-advisers/ia100226.zip","checked":"2026-10-07","label":"SEC, Information About Registered Investment Advisers (ia100226.zip)"},{"url":"https://adviserinfo.sec.gov/compilation","checked":"2026-10-07","label":"IAPD compilation reports (IA_FIRM_STATE_Feed_10_07_2026.xml.gz)"}],"related":[{"title":"Newest independent RIAs, nationally","url":"https://advisoriq.com/ria/rankings/newest/"},{"title":"RIA market data for Minnesota","url":"https://advisoriq.com/ria/states/minnesota/"},{"title":"All RIA rankings","url":"https://advisoriq.com/ria/rankings/"},{"title":"How the directory is built","url":"https://advisoriq.com/ria/methodology/"}],"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."],"url":"https://advisoriq.com/ria/rankings/newest/minnesota/","citation":"AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/rankings/newest/minnesota/","license":"https://advisoriq.com/license/","publisher":"AdvisorIQ, independent education for financial advisors"}