# Independent RIAs in North Dakota

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
Address: https://advisoriq.com/ria/states/north-dakota/

## 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

## Notes

- Firms are placed in the state of their main office.
- History covers SEC-registered firms only, from October 2018.

## 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
- NASAA IAR CE map, checked 2026-10-05: https://www.nasaa.org/industry-resources/investment-advisers/investment-adviser-representative-continuing-education/iar-ce-map/

## Related

- [RIA market data by state](https://advisoriq.com/ria/states/)
- [Largest independent RIAs by assets under management in North Dakota](https://advisoriq.com/ria/rankings/largest/north-dakota/)
- [Fastest-growing independent RIAs over one year in North Dakota](https://advisoriq.com/ria/rankings/fastest-growing/north-dakota/)
- [Fastest-growing independent RIAs over three years in North Dakota](https://advisoriq.com/ria/rankings/fastest-growing-3-year/north-dakota/)
- [Fastest-growing independent RIAs over five years in North Dakota](https://advisoriq.com/ria/rankings/fastest-growing-5-year/north-dakota/)
- [IAR CE in North Dakota](https://advisoriq.com/ce/iar/north-dakota/)

## Cite as

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

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