Accredited Investors provides financial planning, portfolio management for individuals and small businesses, and selecting other managers. Financial planning was provided to 817 clients last fiscal year.
Accredited Investors reports 947 clients. They include 709 high-net-worth individuals, 233 individual clients and 5 charitable organizations. Of its assets, 91.2% ($4.03B across 4,461 accounts) are managed with discretion; $386M across 616 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 25% | 2% |
| High-net-worth individuals | 75% | 97% |
| Charitable organizations | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 233 | $92M | 2.1% | $395K |
| High-net-worth individuals | 709 | $4.3B | 97.4% | $6.06M |
| Charitable organizations | 5 | $23.7M | 0.5% | $4.74M |
| Total | 947 | $4.41B | 100% | $4.66M |
- Clients
- 233
- Regulatory AUM
- $92M
- AUM share
- 2.1%
- Avg. per client
- $395K
- Clients
- 709
- Regulatory AUM
- $4.3B
- AUM share
- 97.4%
- Avg. per client
- $6.06M
- Clients
- 5
- Regulatory AUM
- $23.7M
- AUM share
- 0.5%
- Avg. per client
- $4.74M
Total
- Clients
- 947
- Regulatory AUM
- $4.41B
- AUM share
- 100%
- Avg. per client
- $4.66M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 817
Accredited Investors charges 0.25%–1.00% a year for its Advisory fee. Each asset band is charged at its own rate. The fee is billed in advance, is not negotiable and has a $50,000 annual minimum.
| Asset band | Annual rate |
|---|---|
| $0–$5M | 1.00% |
| $5M–$10M | 0.75% |
| $10M–$15M | 0.50% |
| $15M and above | 0.25% |
Fee details and sources
The leadership team of Accredited Investors includes Chief Investment Officer Jacob Wolkowitz, Chief Operating Officer Jessica Jones and Chief Compliance Officer Jenna Holm. It has 53 employees, 4 of them in advisory roles.
Staff
- 53 employees
- 4 in advisory functions
- 4 state-registered reps
- Owns 10% to 25% of Accredited Investors Inc
Rebecca Krieger
Control person · since February 2017
- Owns 10% to 25% of Accredited Investors Inc
Brian Martin
Control person · since February 2017
- Owns 5% to 10% of Accredited Investors Inc
Willis Heupel
Control person · since October 1988
- Owns 5% to 10% of Accredited Investors Inc
Ross Levin
Control person · since March 1986
- Owns 5% to 10% of Accredited Investors Inc
Jacob Wolkowitz
Control person · since February 2017
- Owns 5% to 10% of Accredited Investors Inc
Steven Gilbertson
since January 2021
- Owns 5% to 10% of Accredited Investors Inc
Brandon Jones
since January 2021
- Owns 5% to 10% of Accredited Investors Inc
Sean Smith
since January 2023
- Owns 5% to 10% of Accredited Investors Inc
Ross Levin 2025 Grantor Retained Annuity Trust U/A/D 2/18/2025
since March 2025
- Owns 5% to 10% of Accredited Investors Inc
Ross Levin 2025 Grantor Retained
since March 2025
- Owns 5% to 10% of Accredited Investors Inc
Wil Heupel 2024 Grantor Retained Annuity Trust U/A/D 4/08/2024
since March 2025
- Owns 5% to 10% of Accredited Investors Inc
Wil Heupel 2024 Grantor
since March 2025
Accredited Investors’ regulatory assets grew 1.6× from $2.68B (March 2021) to $4.41B (August 2026); clients rose from 545 to 947 and employees from 44 to 53.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $4.41B | 947 | 53 | 1 |
| Apr 2025April 2025 | $3.72B | 900 | 54 | 1 |
| Mar 2024March 2024 | $3.36B | 597 | 52 | 1 |
| Mar 2023March 2023 | $2.96B | 590 | 54 | 1 |
| Mar 2022March 2022 | $3.38B | 582 | 49 | 1 |
| Mar 2021March 2021 | $2.68B | 545 | 44 | 1 |
Besides its headquarters, Accredited Investors has 0 offices, with 1 listed address in 1 state.
Minnesota · 1 listed address
- 5200 West 73rd Street, EdinaHQ
Contact and registration details
- Legal name
- Accredited Investors Inc
- Headquarters
- 5200 West 73rd Street, Edina, MN 55439-2204
- Website
- accredited.com
- Phone
- 952-841-2222
- @accredited-investors-inc-
- SEC file
- 801-33659
- Structure
- Minnesota corporation
- Fiscal year end
- December
Accredited Investors’ named custodian for separately managed accounts is Charles Schwab ($4.06B). Accredited Investors has custody of $2.28B for 727 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $4.06B100%
At year end, Accredited Investors’ separately managed accounts were mostly in funds (78%) and stocks (13%). Its reported 13F holdings for the quarter ended 30 June 2026 total $2.31B across 299 positions; the largest are American Centy ETF TR (12.0%), Sezzle Inc. (6.0%) and Vanguard Intl Equity Index F (6.0%).
What the accounts hold
- Stocks13%
- Funds78%
- Registered funds76%
- Pooled vehicles2%
- Bonds3%
- U.S. government and agency bonds2%
- State and local bonds1%
- Cash6%
How many clients does Accredited Investors have?
Accredited Investors has 947 clients and manages $4.41 billion for them, as of August 2026. They include 709 high-net-worth individuals, 233 individual clients and 5 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 August 2026
What services does Accredited Investors offer?
Accredited Investors provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Accredited Investors charge?
Accredited Investors charges 0.25%–1.00% a year for its Advisory fee. Each asset band is charged at its own rate. The fee is billed in advance, is not negotiable and has a $50,000 annual minimum.
Which custodians does Accredited Investors use?
Accredited Investors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $4.06B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 August 2026
How many financial advisors does Accredited Investors have?
Accredited Investors has 4 investment adviser representatives registered with state securities authorities, out of 53 employees, and 4 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Accredited Investors invest in?
At the end of its last fiscal year, Accredited Investors’ separately managed accounts held 76% registered funds (mutual funds, ETFs, BDCs), 13% exchange-traded equities, 6% cash and equivalents, 2% U.S. government and agency bonds, 2% pooled vehicles (private funds and similar) and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Accredited Investors?
Accredited Investors’ direct owners are Willis Heupel, Ross Levin, Jacob Wolkowitz, Rebecca Krieger, Brian Martin, Steven Gilbertson, Brandon Jones, Sean Smith, Ross Levin 2025 Grantor Retained Annuity Trust U/A/D 2/18/2025, Ross Levin 2025 Grantor Retained, Wil Heupel 2024 Grantor Retained Annuity Trust U/A/D 4/08/2024 and Wil Heupel 2024 Grantor, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 6 August 2026
How does Accredited Investors get paid?
Accredited Investors is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Accredited Investors?
Accredited Investors’ main office is at 5200 West 73rd Street, Edina, MN 55439-2204. Its phone number is 952-841-2222. Its website is accredited.com.