{"type":"ria_state","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":"Independent RIAs in North Dakota","lead":"As of October 2, 2026, 29 independent wealth management RIAs based in North Dakota reported $3.0 billion in regulatory assets under management; the largest by assets was Brady Martz Wealth Solutions, LLC, with $795.3 million.","as_of":"2026-10-02","facts":{"state":"North Dakota","code":"ND","population":"Independent wealth management RIAs: 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. Asset managers, private fund managers and pension consultants are not in the directory.","latest":{"independent":{"accounts":11490,"firms":29,"median_raum":71553199,"raum":3046978353,"advisory_employees":54,"avg_account":265185.235248042,"band_100m_250m":7,"band_100m_250m_raum":1121072138,"band_10b_plus":0,"band_10b_plus_raum":0,"band_1b_5b":0,"band_1b_5b_raum":0,"band_250m_500m":2,"band_250m_500m_raum":688784723,"band_500m_1b":1,"band_500m_1b_raum":795298629,"band_5b_10b":0,"band_5b_10b_raum":0,"band_lt100m":15,"band_lt100m_raum":441822863,"bd_affiliated_share":0,"cfp_professionals":17,"clients":5369,"custody_share":0.344827586206897,"employees":83,"fee_aum_pct_share":0.931034482758621,"fee_commissions_share":0,"fee_fixed_share":0.551724137931034,"fee_hourly_share":0.620689655172414,"fee_other_share":0.172413793103448,"fee_performance_share":0,"fee_subscription_share":0,"financial_planning_share":0.896551724137931,"firms_with_raum":25,"iars":57,"mean_raum":121879134.12,"new_firms":2,"p25_raum":12848399,"p75_raum":175538267,"p90_raum":285273923.2,"raum_discretionary":2989498818,"top10_share":0.854996389270377},"independent_sec":{"accounts":8003,"firms":8,"median_raum":208637921.5,"raum":2393924093,"advisory_employees":28,"avg_account":299128.338498063,"band_100m_250m":5,"band_100m_250m_raum":909840741,"band_10b_plus":0,"band_10b_plus_raum":0,"band_1b_5b":0,"band_1b_5b_raum":0,"band_250m_500m":2,"band_250m_500m_raum":688784723,"band_500m_1b":1,"band_500m_1b_raum":795298629,"band_5b_10b":0,"band_5b_10b_raum":0,"band_lt100m":0,"band_lt100m_raum":0,"bd_affiliated_share":0,"cfp_professionals":14,"clients":3501,"custody_share":0.75,"employees":45,"fee_aum_pct_share":1,"fee_commissions_share":0,"fee_fixed_share":0.75,"fee_hourly_share":0.625,"fee_other_share":0.125,"fee_performance_share":0,"fee_subscription_share":0,"financial_planning_share":1,"firms_with_raum":8,"iars":30,"mean_raum":299240511.625,"new_firms":0,"p25_raum":184154540,"p75_raum":333881835.75,"p90_raum":494378977.8,"raum_discretionary":2372742365,"raum_growth_1y":0.243191949864797,"successions":0},"state":{"accounts":3487,"firms":21,"median_raum":17036932,"raum":653054260,"advisory_employees":26,"avg_account":187282.552337253,"band_100m_250m":2,"band_100m_250m_raum":211231397,"band_10b_plus":0,"band_10b_plus_raum":0,"band_1b_5b":0,"band_1b_5b_raum":0,"band_250m_500m":0,"band_250m_500m_raum":0,"band_500m_1b":0,"band_500m_1b_raum":0,"band_5b_10b":0,"band_5b_10b_raum":0,"band_lt100m":15,"band_lt100m_raum":441822863,"bd_affiliated_share":0,"cfp_professionals":3,"clients":1868,"custody_share":0.19047619047619,"employees":38,"fee_aum_pct_share":0.904761904761905,"fee_commissions_share":0,"fee_fixed_share":0.476190476190476,"fee_hourly_share":0.619047619047619,"fee_other_share":0.19047619047619,"fee_performance_share":0,"fee_subscription_share":0,"financial_planning_share":0.857142857142857,"firms_with_raum":17,"iars":27,"mean_raum":38414956.4705882,"new_firms":2,"p25_raum":7939965,"p75_raum":71553199,"p90_raum":98684215.4,"raum_discretionary":616756453,"top10_share":0.935704393077537}},"broker_dealer_affiliated_not_included":{"firms":1,"raum":61421080},"series":{"firms":{"segment":"independent_sec","unit":"count","points":[{"as_of":"2018-10-01","value":3},{"as_of":"2019-10-01","value":2},{"as_of":"2020-10-01","value":3},{"as_of":"2021-10-04","value":3},{"as_of":"2022-10-03","value":4},{"as_of":"2023-10-05","value":5},{"as_of":"2024-10-01","value":8},{"as_of":"2025-09-02","value":8},{"as_of":"2026-10-02","value":8}]},"raum":{"segment":"independent_sec","unit":"usd","points":[{"as_of":"2018-10-01","value":244790848},{"as_of":"2019-10-01","value":233333877},{"as_of":"2020-10-01","value":383704641},{"as_of":"2021-10-04","value":428213214},{"as_of":"2022-10-03","value":619407011},{"as_of":"2023-10-05","value":564871026},{"as_of":"2024-10-01","value":2621164204},{"as_of":"2025-09-02","value":1925627087},{"as_of":"2026-10-02","value":2393924093}]},"accounts":{"segment":"independent_sec","unit":"count","points":[{"as_of":"2018-10-01","value":1174},{"as_of":"2019-10-01","value":1198},{"as_of":"2020-10-01","value":1610},{"as_of":"2021-10-04","value":1651},{"as_of":"2022-10-03","value":3176},{"as_of":"2023-10-05","value":3420},{"as_of":"2024-10-01","value":8755},{"as_of":"2025-09-02","value":6808},{"as_of":"2026-10-02","value":8003}]},"median_raum":{"segment":"independent_sec","unit":"usd","points":[{"as_of":"2018-10-01","value":122395424},{"as_of":"2019-10-01","value":116666938.5},{"as_of":"2020-10-01","value":126681007},{"as_of":"2021-10-04","value":142574231},{"as_of":"2022-10-03","value":160856886.5},{"as_of":"2023-10-05","value":145803356.5},{"as_of":"2024-10-01","value":182120000},{"as_of":"2025-09-02","value":183518381.5},{"as_of":"2026-10-02","value":208637921.5}]}},"top_10":{"largest":[{"rank":1,"crd":331043,"firm":"Brady Martz Wealth Solutions, LLC","city":"Grand Forks","value":795298629},{"rank":2,"crd":149007,"firm":"Prairiewood Wealth Management","city":"Fargo","value":365413413},{"rank":3,"crd":123105,"firm":"Johnson Wealth Management, LLC","city":"Grand Forks","value":323371310},{"rank":4,"crd":159467,"firm":"Wealth Forward, LLC","city":"Fargo","value":228127843},{"rank":5,"crd":122030,"firm":"Financial Strategies Group","city":"Fargo","value":189148000},{"rank":6,"crd":327541,"firm":"Fjell Capital","city":"Fargo","value":187026631},{"rank":7,"crd":131678,"firm":"Light Financial Services, Inc.","city":"Fargo","value":175538267},{"rank":8,"crd":172199,"firm":"Capital City Wealth Management, Inc.","city":"Bismarck","value":130000000},{"rank":9,"crd":166876,"firm":"Complete Investment Advisory, LLC","city":"Fargo","value":109007964},{"rank":10,"crd":316194,"firm":"Fleischer & Johnson Wealth Management, Inc.","city":"Bismarck","value":102223433}],"fastest-growing":[{"rank":1,"crd":149007,"firm":"Prairiewood Wealth Management","city":"Fargo","value":0.333683872981793},{"rank":2,"crd":331043,"firm":"Brady Martz Wealth Solutions, LLC","city":"Grand Forks","value":0.326780669893065},{"rank":3,"crd":123105,"firm":"Johnson Wealth Management, LLC","city":"Grand Forks","value":0.258797508703572},{"rank":4,"crd":131678,"firm":"Light Financial Services, Inc.","city":"Fargo","value":0.209677919970739},{"rank":5,"crd":327541,"firm":"Fjell Capital","city":"Fargo","value":0.189874271928469},{"rank":6,"crd":159467,"firm":"Wealth Forward, LLC","city":"Fargo","value":0.156736575176422},{"rank":7,"crd":122030,"firm":"Financial Strategies Group","city":"Fargo","value":0.113814627252385},{"rank":8,"crd":172199,"firm":"Capital City Wealth Management, Inc.","city":"Bismarck","value":0.0317460317460319}],"fastest-growing-3-year":[{"rank":1,"crd":149007,"firm":"Prairiewood Wealth Management","city":"Fargo","value":0.341452406788746},{"rank":2,"crd":123105,"firm":"Johnson Wealth Management, LLC","city":"Grand Forks","value":0.240431979296894},{"rank":3,"crd":131678,"firm":"Light Financial Services, Inc.","city":"Fargo","value":0.19125880341782},{"rank":4,"crd":159467,"firm":"Wealth Forward, LLC","city":"Fargo","value":0.176103778578502},{"rank":5,"crd":122030,"firm":"Financial Strategies Group","city":"Fargo","value":0.0609278445412775}],"fastest-growing-5-year":[{"rank":1,"crd":149007,"firm":"Prairiewood Wealth Management","city":"Fargo","value":0.249459840113372},{"rank":2,"crd":123105,"firm":"Johnson Wealth Management, LLC","city":"Grand Forks","value":0.143158863275523},{"rank":3,"crd":159467,"firm":"Wealth Forward, LLC","city":"Fargo","value":0.0985692821930315},{"rank":4,"crd":122030,"firm":"Financial Strategies Group","city":"Fargo","value":0.0252408425337733}],"biggest-asset-gains":[{"rank":1,"crd":331043,"firm":"Brady Martz Wealth Solutions, LLC","city":"Grand Forks","value":195878810},{"rank":2,"crd":149007,"firm":"Prairiewood Wealth Management","city":"Fargo","value":91425386},{"rank":3,"crd":123105,"firm":"Johnson Wealth Management, LLC","city":"Grand Forks","value":66482249},{"rank":4,"crd":159467,"firm":"Wealth Forward, LLC","city":"Fargo","value":30911080},{"rank":5,"crd":131678,"firm":"Light Financial Services, Inc.","city":"Fargo","value":30426693},{"rank":6,"crd":327541,"firm":"Fjell Capital","city":"Fargo","value":29844788},{"rank":7,"crd":122030,"firm":"Financial Strategies Group","city":"Fargo","value":19328000},{"rank":8,"crd":172199,"firm":"Capital City Wealth Management, Inc.","city":"Bismarck","value":4000000}],"most-clients":[{"rank":1,"crd":131678,"firm":"Light Financial Services, Inc.","city":"Fargo","value":1244},{"rank":2,"crd":122030,"firm":"Financial Strategies Group","city":"Fargo","value":663},{"rank":3,"crd":331043,"firm":"Brady Martz Wealth Solutions, LLC","city":"Grand Forks","value":448},{"rank":4,"crd":159467,"firm":"Wealth Forward, LLC","city":"Fargo","value":379},{"rank":5,"crd":328341,"firm":"Retirement Resource Wealth Management, LLC","city":"West Fargo","value":358},{"rank":6,"crd":147215,"firm":"Strategic Financial Inc.","city":"West Fargo","value":289},{"rank":7,"crd":149007,"firm":"Prairiewood Wealth Management","city":"Fargo","value":244},{"rank":8,"crd":316194,"firm":"Fleischer & Johnson Wealth Management, Inc.","city":"Bismarck","value":232},{"rank":9,"crd":327541,"firm":"Fjell Capital","city":"Fargo","value":212},{"rank":10,"crd":166876,"firm":"Complete Investment Advisory, LLC","city":"Fargo","value":189}],"client-growth":[{"rank":1,"crd":131678,"firm":"Light Financial Services, Inc.","city":"Fargo","value":1.03600654664484},{"rank":2,"crd":149007,"firm":"Prairiewood Wealth Management","city":"Fargo","value":0.213930348258706},{"rank":3,"crd":123105,"firm":"Johnson Wealth Management, LLC","city":"Grand Forks","value":0.106918238993711},{"rank":4,"crd":331043,"firm":"Brady Martz Wealth Solutions, LLC","city":"Grand Forks","value":0.103448275862069},{"rank":5,"crd":327541,"firm":"Fjell Capital","city":"Fargo","value":0.0443349753694582},{"rank":6,"crd":122030,"firm":"Financial Strategies Group","city":"Fargo","value":0},{"rank":6,"crd":172199,"firm":"Capital City Wealth Management, Inc.","city":"Bismarck","value":0},{"rank":8,"crd":159467,"firm":"Wealth Forward, LLC","city":"Fargo","value":-0.00785340314136129}],"most-accounts":[{"rank":1,"crd":131678,"firm":"Light Financial Services, Inc.","city":"Fargo","value":1810},{"rank":2,"crd":122030,"firm":"Financial Strategies Group","city":"Fargo","value":1346},{"rank":3,"crd":149007,"firm":"Prairiewood Wealth Management","city":"Fargo","value":1201},{"rank":4,"crd":159467,"firm":"Wealth Forward, LLC","city":"Fargo","value":1052},{"rank":5,"crd":331043,"firm":"Brady Martz Wealth Solutions, LLC","city":"Grand Forks","value":1046},{"rank":6,"crd":316194,"firm":"Fleischer & Johnson Wealth Management, Inc.","city":"Bismarck","value":665},{"rank":7,"crd":327541,"firm":"Fjell Capital","city":"Fargo","value":654},{"rank":8,"crd":123105,"firm":"Johnson Wealth Management, LLC","city":"Grand Forks","value":596},{"rank":9,"crd":328341,"firm":"Retirement Resource Wealth Management, LLC","city":"West Fargo","value":566},{"rank":10,"crd":166876,"firm":"Complete Investment Advisory, LLC","city":"Fargo","value":436}],"most-advisory-staff":[{"rank":1,"crd":331043,"firm":"Brady Martz Wealth Solutions, LLC","city":"Grand Forks","value":8},{"rank":2,"crd":122030,"firm":"Financial Strategies Group","city":"Fargo","value":4},{"rank":2,"crd":149007,"firm":"Prairiewood Wealth Management","city":"Fargo","value":4},{"rank":4,"crd":172199,"firm":"Capital City Wealth Management, Inc.","city":"Bismarck","value":3},{"rank":4,"crd":297585,"firm":"Triton Investments, LLC","city":"Bismarck","value":3},{"rank":4,"crd":327541,"firm":"Fjell Capital","city":"Fargo","value":3},{"rank":7,"crd":123105,"firm":"Johnson Wealth Management, LLC","city":"Grand Forks","value":2},{"rank":7,"crd":131678,"firm":"Light Financial Services, Inc.","city":"Fargo","value":2},{"rank":7,"crd":159467,"firm":"Wealth Forward, LLC","city":"Fargo","value":2},{"rank":7,"crd":166876,"firm":"Complete Investment Advisory, LLC","city":"Fargo","value":2}],"most-hnw-clients":[{"rank":1,"crd":331043,"firm":"Brady Martz Wealth Solutions, LLC","city":"Grand Forks","value":134},{"rank":2,"crd":149007,"firm":"Prairiewood Wealth Management","city":"Fargo","value":129},{"rank":3,"crd":123105,"firm":"Johnson Wealth Management, LLC","city":"Grand Forks","value":99},{"rank":4,"crd":122030,"firm":"Financial Strategies Group","city":"Fargo","value":57},{"rank":5,"crd":159467,"firm":"Wealth Forward, LLC","city":"Fargo","value":51},{"rank":6,"crd":327541,"firm":"Fjell Capital","city":"Fargo","value":48},{"rank":7,"crd":172199,"firm":"Capital City Wealth Management, Inc.","city":"Bismarck","value":40},{"rank":8,"crd":131678,"firm":"Light Financial Services, Inc.","city":"Fargo","value":33},{"rank":9,"crd":166876,"firm":"Complete Investment Advisory, LLC","city":"Fargo","value":31},{"rank":10,"crd":142302,"firm":"Schmidt Wealth Management","city":"Fargo","value":23}],"most-cfp-professionals":[{"rank":1,"crd":149007,"firm":"Prairiewood Wealth Management","city":"Fargo","value":3},{"rank":1,"crd":331043,"firm":"Brady Martz Wealth Solutions, LLC","city":"Grand Forks","value":3},{"rank":3,"crd":123105,"firm":"Johnson Wealth Management, LLC","city":"Grand Forks","value":2},{"rank":3,"crd":172199,"firm":"Capital City Wealth Management, Inc.","city":"Bismarck","value":2},{"rank":5,"crd":122030,"firm":"Financial Strategies Group","city":"Fargo","value":1},{"rank":5,"crd":131678,"firm":"Light Financial Services, Inc.","city":"Fargo","value":1},{"rank":5,"crd":159467,"firm":"Wealth Forward, LLC","city":"Fargo","value":1},{"rank":5,"crd":281078,"firm":"Bona Fide Finance","city":"Mandan","value":1},{"rank":5,"crd":310103,"firm":"Eighth Wonder Investments","city":"Fargo","value":1},{"rank":5,"crd":316194,"firm":"Fleischer & Johnson Wealth Management, Inc.","city":"Bismarck","value":1}],"newest":[{"rank":1,"crd":339524,"firm":"McGorman Wealth Management","city":"Watford City","value":0},{"rank":1,"crd":343805,"firm":"Strategic Applications and Solutions, LLC","city":"Bismarck","value":0}]},"cities":[{"name":"Fargo","independent_rias":11,"raum":1452202764,"url":"https://advisoriq.com/ria/states/north-dakota/fargo/"},{"name":"Bismarck","independent_rias":6,"raum":250789018,"url":"https://advisoriq.com/ria/states/north-dakota/bismarck/"}],"iar_ce_status":"in effect"},"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)"},{"url":"https://www.nasaa.org/industry-resources/investment-advisers/investment-adviser-representative-continuing-education/iar-ce-map/","checked":"2026-10-05","label":"NASAA IAR CE map"}],"related":[{"title":"RIA market data by state","url":"https://advisoriq.com/ria/states/"},{"title":"Largest independent RIAs by assets under management in North Dakota","url":"https://advisoriq.com/ria/rankings/largest/north-dakota/"},{"title":"Fastest-growing independent RIAs over one year in North Dakota","url":"https://advisoriq.com/ria/rankings/fastest-growing/north-dakota/"},{"title":"Fastest-growing independent RIAs over three years in North Dakota","url":"https://advisoriq.com/ria/rankings/fastest-growing-3-year/north-dakota/"},{"title":"Fastest-growing independent RIAs over five years in North Dakota","url":"https://advisoriq.com/ria/rankings/fastest-growing-5-year/north-dakota/"},{"title":"IAR CE in North Dakota","url":"https://advisoriq.com/ce/iar/north-dakota/"}],"notes":["Firms are placed in the state of their main office.","History covers SEC-registered firms only, from October 2018."],"url":"https://advisoriq.com/ria/states/north-dakota/","citation":"AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/states/north-dakota/","license":"https://advisoriq.com/license/","publisher":"AdvisorIQ, independent education for financial advisors"}