BlueStem Wealth Partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 251–500 clients last fiscal year.
BlueStem Wealth Partners reports 1,687 clients. They include 1,334 individual clients, 345 high-net-worth individuals, and 8 pension and profit-sharing plans. Of its assets, 100.0% ($1.12B across 8,328 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 79% | 32% |
| High-net-worth individuals | 20% | 67% |
| Pension and profit-sharing plans | <1% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,334 | $355M | 31.7% | $266K |
| High-net-worth individuals | 345 | $750M | 67.0% | $2.17M |
| Pension and profit-sharing plans | 8 | $15M | 1.3% | $1.88M |
| Total | 1,687 | $1.12B | 100% | $664K |
- Clients
- 1,334
- Regulatory AUM
- $355M
- AUM share
- 31.7%
- Avg. per client
- $266K
- Clients
- 345
- Regulatory AUM
- $750M
- AUM share
- 67.0%
- Avg. per client
- $2.17M
- Clients
- 8
- Regulatory AUM
- $15M
- AUM share
- 1.3%
- Avg. per client
- $1.88M
Total
- Clients
- 1,687
- Regulatory AUM
- $1.12B
- AUM share
- 100%
- Avg. per client
- $664K
- 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
- 251–500
BlueStem Wealth Partners charges up to 1.75% a year for its Investment management services. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning
- Planning-only clients pay a fixed fee of $300 to $20,000 depending on the complexity of the plan, which can be paid in monthly, quarterly or annual installments.
Jill Lawrence owns 50% to 75% of BlueStem Wealth Partners. Jill Lawrence is CEO; the leadership team includes Chief Operating Officer Mary Jo Kohman, Chief Financial Officer Scott Marquardt and Chief Compliance Officer Andrew Warning. It has 34 employees, 18 of them in advisory roles.
Leadership
- Jill LawrenceChief Executive Officer
- Scott MarquardtChief Financial Officer
- Mary Jo KohmanChief Operating Officer
- Andrew WarningChief Compliance Officer
Investment adviser representatives
18 representatives listed in the SEC register as of 9 October 2026.
- Ross Bradley Brouwer
- Luke Gregory DeBenedetto
- Mitchell J Dickie
- Jason Warren Dreger
- Heather R Fears
- Melissa Cates Granlund
- Crescent Amanda Hoffman
- Mary Jo Kohman
- Jill B Lawrence
- Scott Thomas Marquardt
- John M Max
- Kevin Carter Max
- Joel Benjamin McCann
- Mindy Elizabeth Reid
- Nancy A Sandin
- Aaron Anthony Seiffert
- Stephanie R Sutton
- Rachael vanGorkom
Staff
- 34 employees
- 18 in advisory functions
- 18 state-registered reps
- Owns 50% to 75% of Bluestem Wealth Partners, LLC
Jill Lawrence
Control person · since February 2023
- Owns 25% to 50% of Bluestem Wealth Partners, LLC
Scott Marquardt
Control person · since October 2024
BlueStem Wealth Partners’ regulatory assets grew 1.9× from $593M (May 2023) to $1.12B (March 2026); clients fell from 1,922 to 1,687 and employees from 39 to 34.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.12B | 1,687 | 34 | 3 |
| July 2025 | $968M | 1,561 | 33 | 4 |
| March 2024 | $811M | 1,459 | 39 | 4 |
| May 2023 | $593M | 1,922 | 39 | 4 |
Besides its headquarters, BlueStem Wealth Partners has 2 offices, with 3 listed addresses in Minnesota.
Minnesota · 3 listed addresses
- 13100 Wayzata BLVD., Suite #140, MinnetonkaHQ
- 703 E. Ripley Street, Litchfield
- 405 Babcock BLVD., Delano
Contact and registration details
- Legal name
- Bluestem Wealth Partners, LLC
- Headquarters
- 13100 Wayzata BLVD., Suite #140, Minnetonka, MN 55305
- Website
- bluestemwealthpartners.com
- Phone
- 612-464-0372
- @bluestem-wealth-partners
- SEC file
- 801-127198
- Structure
- Minnesota LLC
- Fiscal year end
- December
BlueStem Wealth Partners uses Charles Schwab ($1.08B) as custodian for its separately managed accounts. BlueStem Wealth Partners has custody of $189M in client assets for 2,042 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.08B100%
At year end, BlueStem Wealth Partners’ separately managed accounts were mostly in funds (72%) and stocks (18%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1B across 127 positions; the largest are Schwab International Equity ETF (10.5%), Schwab Fundamental U.S. Large Company ETF (7.3%) and iShares U.S. Equity Factor Rotation Active ETF (6.8%).
What the accounts hold
- Stocks18%
- Funds72%
- Bonds2%
- Cash8%
Reported 13F holdings
- $1B
- Reported 13F value
- 127
- Positions
- 59.1%
- In the 10 largest
- +11.6%
- Value vs. prior quarter
- Schwab International Equity ETFETF10.5%
- Schwab Fundamental U.S. Large Company ETFETF7.3%
- iShares U.S. Equity Factor Rotation Active ETFETF6.8%
- iShares Core S&P Mid-cap ETFETF6.6%
- Schwab U.S. Large-cap Growth ETFETF6.5%
- iShares Core S&P 500 ETFETF5.3%
- JPMORGAN Mortgage-backed Securities ETFETF4.8%
- State Street SPDR Portfolio Emerging Markets ETFETF4.6%
- Pacer US Small Cap Cash Cows ETFETF3.4%
- Columbia Research Enhanced Core ETFETF3.3%
Together, the ten largest are 59.1% of reported value.
How many clients does BlueStem Wealth Partners have?
BlueStem Wealth Partners has 1,687 clients and manages $1.12 billion for them, as of March 2026. They include 1,334 individual clients, 345 high-net-worth individuals, and 8 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026
What services does BlueStem Wealth Partners offer?
BlueStem Wealth Partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does BlueStem Wealth Partners charge?
BlueStem Wealth Partners charges up to 1.75% a year for its Investment management services. The fee is billed in advance and is negotiable.
Source: BLUESTEM WEALTH PARTNERS ADV PART 2A BROCHURE 3 2026, filed 25 March 2026
Which custodians does BlueStem Wealth Partners use?
BlueStem Wealth Partners’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.08B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 March 2026
How many financial advisors does BlueStem Wealth Partners have?
BlueStem Wealth Partners has 18 investment adviser representatives registered with state securities authorities, out of 34 employees, and 18 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 BlueStem Wealth Partners invest in?
At the end of its last fiscal year, BlueStem Wealth Partners’ separately managed accounts held 72% registered funds (mutual funds, ETFs, BDCs), 18% exchange-traded equities, 8% cash and equivalents and 2% 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 BlueStem Wealth Partners?
BlueStem Wealth Partners’ direct owners are Jill Lawrence (50% to 75%) and Scott Marquardt (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 25 March 2026
How does BlueStem Wealth Partners get paid?
BlueStem Wealth Partners 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
Is BlueStem Wealth Partners registered with the SEC?
Yes, BlueStem Wealth Partners has been registered with the SEC as an investment adviser since 13 January 2023. Its CRD number is 324489 and its SEC file number is 801-127198.
Source: Form ADV Part 1A, Item 1, filed 25 March 2026; IAPD firm record
How do I contact BlueStem Wealth Partners?
BlueStem Wealth Partners’ main office is at 13100 Wayzata BLVD., Suite #140, Minnetonka, MN 55305. Its phone number is 612-464-0372. Its website is bluestemwealthpartners.com.