{"url":"https://nivawealth.com/firms/focus-financial-network-116140","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/116140","regulatoryAum":6823756233,"crd":"116140","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7216899","suffix":null,"lastName":"ADIE","firstName":"ANDREA","middleName":"Corene"},{"crd":"6190212","suffix":null,"lastName":"AEIKENS","firstName":"DYLAN","middleName":"GARY"},{"crd":"3227224","suffix":null,"lastName":"ANDERSON","firstName":"CHARLES","middleName":"ALBERT"},{"crd":"7317421","suffix":null,"lastName":"Arland","firstName":"Jackson","middleName":"Lyle"},{"crd":"4700446","suffix":null,"lastName":"ARRELL","firstName":"CARL","middleName":"JAMES"},{"crd":"2910133","suffix":null,"lastName":"BASBALLE","firstName":"LAURA","middleName":"LYNN"},{"crd":"7568169","suffix":null,"lastName":"BEISSLER","firstName":"AARON","middleName":null},{"crd":"4177136","suffix":null,"lastName":"BEISSLER","firstName":"DAVID","middleName":"WILLIAM"},{"crd":"4699437","suffix":null,"lastName":"BENSON","firstName":"MATTHEW","middleName":"RICHARD"},{"crd":"6661890","suffix":null,"lastName":"BERGSTROM","firstName":"DREW","middleName":"WILLIAM"},{"crd":"1296561","suffix":null,"lastName":"BERGSTROM","firstName":"WILLIAM","middleName":"ROBERT"},{"crd":"2129365","suffix":null,"lastName":"BINA","firstName":"JOHN","middleName":"GREGORY"},{"crd":"2284450","suffix":null,"lastName":"BRANCH","firstName":"MICHAEL","middleName":"PATRICK"},{"crd":"7039372","suffix":null,"lastName":"BRAUER","firstName":"LAUREN","middleName":"CHRISTINE"},{"crd":"2137212","suffix":null,"lastName":"BROWN","firstName":"GREGORY","middleName":"GEORGE"},{"crd":"2224282","suffix":"SR","lastName":"CASTILLO","firstName":"JOSUE","middleName":"JAVIER"},{"crd":"4434039","suffix":null,"lastName":"CHANG","firstName":"EVAN","middleName":"ALFRED"},{"crd":"7634602","suffix":null,"lastName":"COELHO","firstName":"SUZANNA","middleName":null},{"crd":"1606303","suffix":null,"lastName":"DALES","firstName":"MICHAEL","middleName":"SCOTT"},{"crd":"6873072","suffix":null,"lastName":"DARLING","firstName":"VINCE","middleName":null},{"crd":"6029315","suffix":null,"lastName":"DENNISON","firstName":"JONATHAN","middleName":"MICHAEL"},{"crd":"3064012","suffix":null,"lastName":"DONNELLY","firstName":"JAMES","middleName":"T."},{"crd":"1460968","suffix":null,"lastName":"DRITZ","firstName":"JOHN","middleName":"HARRIS"},{"crd":"5671941","suffix":null,"lastName":"EDWARDS","firstName":"CAITLIN","middleName":null},{"crd":"1762232","suffix":null,"lastName":"EDWARDS","firstName":"KENNETH","middleName":"JAMES"},{"crd":"2246778","suffix":null,"lastName":"ELDRED","firstName":"CHRIS","middleName":"ALAN"},{"crd":"1961884","suffix":null,"lastName":"ENNIS","firstName":"JAMES","middleName":"DAVID"},{"crd":"2761993","suffix":null,"lastName":"FLEAK","firstName":"WALTER","middleName":"DANFORTH"},{"crd":"3248196","suffix":null,"lastName":"FLEMING","firstName":"BRIAN","middleName":"DAVID"},{"crd":"2076155","suffix":null,"lastName":"GIANNOBILE","firstName":"PAUL","middleName":"ALBERT"},{"crd":"7614873","suffix":null,"lastName":"GIERKE","firstName":"MAXWELL","middleName":"THOMAS"},{"crd":"7590162","suffix":null,"lastName":"GIOJA","firstName":"ELIJAH","middleName":"CAREY"},{"crd":"3086816","suffix":null,"lastName":"GLANZER","firstName":"DARIN","middleName":"PHILIP"},{"crd":"4846036","suffix":null,"lastName":"GRISETA","firstName":"FRANK","middleName":"MATTEO"},{"crd":"2853677","suffix":null,"lastName":"GROSSKREUTZ","firstName":"CHRIS","middleName":"LEE"},{"crd":"6144140","suffix":null,"lastName":"GUNSTENSON","firstName":"TONYA","middleName":"ANN"},{"crd":"2202450","suffix":null,"lastName":"GUSTAFSON","firstName":"MICHAEL","middleName":"LLOYD"},{"crd":"4474442","suffix":null,"lastName":"HAIDER","firstName":"WILLIAM","middleName":"CHARLES"},{"crd":"8175752","suffix":null,"lastName":"HALVORSEN","firstName":"PAUL","middleName":null},{"crd":"3112712","suffix":null,"lastName":"HAMMES - NESTOR","firstName":"ROSE","middleName":"ELLYN"},{"crd":"3076611","suffix":null,"lastName":"HANSMEYER","firstName":"SONYA","middleName":"MARIE"},{"crd":"5758091","suffix":null,"lastName":"HANSON","firstName":"CHRISTOPHER","middleName":"ROSS"},{"crd":"7508313","suffix":null,"lastName":"HARRIS","firstName":"VANESSA","middleName":"LINDA"},{"crd":"7322953","suffix":null,"lastName":"HECK","firstName":"ROBERT","middleName":"JAMES"},{"crd":"4428370","suffix":null,"lastName":"HEIER","firstName":"CONNIE","middleName":"LYNN"},{"crd":"6214933","suffix":null,"lastName":"HEITKAMP","firstName":"AUDREY","middleName":"ANDERSON"},{"crd":"1187125","suffix":null,"lastName":"HEITKAMP","firstName":"DAVID","middleName":"KENNETH"},{"crd":"7882290","suffix":null,"lastName":"HEITKAMP","firstName":"RAE","middleName":"ANDERSON"},{"crd":"6982554","suffix":null,"lastName":"HENSCHEL","firstName":"JACK","middleName":"BOYD"},{"crd":"7179058","suffix":null,"lastName":"HENSCHELL","firstName":"ERIK","middleName":"JOHN"},{"crd":"2673455","suffix":null,"lastName":"HOCHSTETLER","firstName":"MICHAEL","middleName":"JAMES"},{"crd":"2780473","suffix":null,"lastName":"HOELKE","firstName":"DAVID","middleName":"CHARLES"},{"crd":"2294388","suffix":"JR","lastName":"HORNUNG","firstName":"RICHARD","middleName":"ARTHUR"},{"crd":"3168539","suffix":null,"lastName":"HUERBIN","firstName":"MICHAEL","middleName":"JOSEPH"},{"crd":"7614872","suffix":null,"lastName":"HUPERT","firstName":"ANNA","middleName":null},{"crd":"7054180","suffix":null,"lastName":"HYNES","firstName":"CHARLES","middleName":"DAVID"},{"crd":"2308351","suffix":null,"lastName":"HYNES","firstName":"DAVID","middleName":"CLARENCE"},{"crd":"2252953","suffix":null,"lastName":"JACOBSON","firstName":"MICHAEL","middleName":"LYNN"},{"crd":"7753978","suffix":null,"lastName":"Jacobson","firstName":"Peder","middleName":"Michael"},{"crd":"2006401","suffix":null,"lastName":"KAUTZMAN","firstName":"REX","middleName":"GREGORY"},{"crd":"4824575","suffix":null,"lastName":"KERKHOFF","firstName":"RHONDA","middleName":"MARIE"},{"crd":"5919768","suffix":null,"lastName":"KERR","firstName":"TRENTON","middleName":"ROBERT"},{"crd":"1069270","suffix":null,"lastName":"KIRBY","firstName":"BARBARA","middleName":"WHITSON"},{"crd":"3105224","suffix":null,"lastName":"KJORSVIK","firstName":"DANIEL","middleName":"THOMAS"},{"crd":"6578042","suffix":null,"lastName":"KNUTHS","firstName":"KARL","middleName":"JAY"},{"crd":"6178952","suffix":null,"lastName":"KOPPA","firstName":"CONNOR","middleName":"PHILIP JAMES"},{"crd":"7215134","suffix":null,"lastName":"KRUZIKI","firstName":"JACOB","middleName":null},{"crd":"6947858","suffix":null,"lastName":"Kuerschner","firstName":"Jason","middleName":"Anthony"},{"crd":"1750967","suffix":null,"lastName":"KUPER","firstName":"DEBRA","middleName":"MARIE"},{"crd":"6418148","suffix":null,"lastName":"LANG","firstName":"BENNETT","middleName":"CHARLES"},{"crd":"5745515","suffix":null,"lastName":"LARSON","firstName":"ELISSA","middleName":"MARIE"},{"crd":"1363732","suffix":null,"lastName":"LAYTON","firstName":"JOHN","middleName":"PATRICK"},{"crd":"5879242","suffix":null,"lastName":"MADRYGA","firstName":"JACK","middleName":"ROBERT"},{"crd":"7011768","suffix":null,"lastName":"MALONEY","firstName":"BRETT","middleName":"JEROME"},{"crd":"6189255","suffix":null,"lastName":"MANSFIELD","firstName":"MELISSA","middleName":"JAYNE"},{"crd":"6405106","suffix":null,"lastName":"MARTIN","firstName":"ZACHARY","middleName":"RICHARD"},{"crd":"2798327","suffix":null,"lastName":"MATTHEWS","firstName":"DAVID","middleName":"WILLIAM"},{"crd":"2177685","suffix":null,"lastName":"MCMURRAY","firstName":"BRAD","middleName":null},{"crd":"1001710","suffix":null,"lastName":"MERTZ","firstName":"JAMES","middleName":"RICHARD"},{"crd":"6732281","suffix":null,"lastName":"MHIRIPIRI","firstName":"ANGELA","middleName":"MARIE"},{"crd":"7582469","suffix":null,"lastName":"Morgan","firstName":"Sarah","middleName":"Jean"},{"crd":"3129231","suffix":null,"lastName":"MOSER","firstName":"BARBARA","middleName":"JANE"},{"crd":"1717570","suffix":null,"lastName":"MULLINIX","firstName":"SCOTT","middleName":"MICHAEL"},{"crd":"2120028","suffix":null,"lastName":"NELKO","firstName":"TREVOR","middleName":"SEAN"},{"crd":"4989054","suffix":null,"lastName":"O'KEEFE","firstName":"JACOB","middleName":"L."},{"crd":"4888396","suffix":null,"lastName":"O'KEEFE","firstName":"JOHN","middleName":"PETER"},{"crd":"4251727","suffix":null,"lastName":"OLSON","firstName":"DOUGLAS","middleName":"PAUL"},{"crd":"1292406","suffix":null,"lastName":"OLSONOSKI","firstName":"STEVE","middleName":"L"},{"crd":"4616501","suffix":null,"lastName":"OSMONSON","firstName":"PATRICK","middleName":"RAY"},{"crd":"2394362","suffix":null,"lastName":"Peck","firstName":"David","middleName":"Henry"},{"crd":"2226150","suffix":null,"lastName":"PICKUP","firstName":"WALTER","middleName":"EDWARD"},{"crd":"1553610","suffix":null,"lastName":"PIEL","firstName":"MICHAEL","middleName":"F"},{"crd":"6450335","suffix":null,"lastName":"PIEL","firstName":"NATHAN","middleName":"MICHAEL"},{"crd":"2212909","suffix":null,"lastName":"POOR","firstName":"MICHAEL","middleName":"JOHN"},{"crd":"4018105","suffix":null,"lastName":"PRATT","firstName":"CHAD","middleName":"DAVID"},{"crd":"1049476","suffix":null,"lastName":"PRATT","firstName":"DAVID","middleName":"ALEXANDER"},{"crd":"4235311","suffix":"II","lastName":"ROBINSON","firstName":"GRANT","middleName":"JAY"},{"crd":"2627083","suffix":null,"lastName":"ROSENDAHL","firstName":"PAUL","middleName":"STUART"},{"crd":"1216595","suffix":null,"lastName":"SANDISON","firstName":"ROBERT","middleName":"SCOTT"},{"crd":"7115212","suffix":null,"lastName":"SCHAEFER","firstName":"ZECHARIAH","middleName":null},{"crd":"2703069","suffix":null,"lastName":"SCHMIDT","firstName":"PAUL","middleName":"ANDREW"},{"crd":"4726509","suffix":null,"lastName":"SCHRIMPF","firstName":"JOEL","middleName":"CURTIS"},{"crd":"1849487","suffix":null,"lastName":"SIMONSON","firstName":"TRACEY","middleName":"MARIE"},{"crd":"1904811","suffix":null,"lastName":"STEEVES","firstName":"CHAD","middleName":"DAVID"},{"crd":"1786205","suffix":null,"lastName":"STREED","firstName":"SCOTT","middleName":"DOUGLAS"},{"crd":"5403928","suffix":null,"lastName":"SVENDSEN","firstName":"MATTHEW","middleName":"STEVEN"},{"crd":"2163249","suffix":null,"lastName":"THORUP","firstName":"JEFFREY","middleName":"A"},{"crd":"7960685","suffix":null,"lastName":"Tinklenberg","firstName":"Alissa","middleName":"Marie"},{"crd":"7139987","suffix":null,"lastName":"TROENDLE","firstName":"ADAM","middleName":"JOSEPH"},{"crd":"2811870","suffix":null,"lastName":"TROENDLE","firstName":"FREDRICK","middleName":"JOHN"},{"crd":"7855689","suffix":null,"lastName":"TROENDLE","firstName":"JASON","middleName":"ALAN"},{"crd":"4549530","suffix":null,"lastName":"UNDERDAHL","firstName":"PAUL","middleName":"ANTHONY"},{"crd":"3154623","suffix":null,"lastName":"VALLOROSI","firstName":"FRANK","middleName":null},{"crd":"2159709","suffix":null,"lastName":"VILLALTA","firstName":"ELIZABETH","middleName":"ELLEN"},{"crd":"7026106","suffix":null,"lastName":"WAGENER","firstName":"BRIAN","middleName":"JAMES"},{"crd":"1842414","suffix":null,"lastName":"WALSH","firstName":"JAMES","middleName":"HAROLD"},{"crd":"1285779","suffix":null,"lastName":"WATKINS","firstName":"JOHN","middleName":"KYLE"},{"crd":"5374153","suffix":null,"lastName":"WHITNEY","firstName":"MONICA","middleName":"W."},{"crd":"8092051","suffix":null,"lastName":"Wilczek","firstName":"Samuel","middleName":"Joseph"},{"crd":"7368569","suffix":null,"lastName":"WINTER","firstName":"JOSHUA","middleName":null},{"crd":"2171893","suffix":null,"lastName":"ZIMMERMAN","firstName":"JEFFERY","middleName":"DEAN"}],"total":121,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-25","regulatoryAum":4166788948,"clients":9713,"employees":202,"offices":47},{"filedOn":"2022-03-30","regulatoryAum":5084683954,"clients":10204,"employees":210,"offices":46},{"filedOn":"2023-05-26","regulatoryAum":4459201828,"clients":10959,"employees":194,"offices":41},{"filedOn":"2024-05-07","regulatoryAum":5385968542,"clients":13862,"employees":167,"offices":41},{"filedOn":"2025-07-21","regulatoryAum":6262663508,"clients":14027,"employees":172,"offices":41},{"filedOn":"2026-10-01","regulatoryAum":6823756233,"clients":13684,"employees":189,"offices":37}],"secFileNumber":"801-71117","legalName":"Focus Financial Network, Inc.","displayName":"Focus Financial Network","slug":"focus-financial-network-116140","website":"https://focusfinancial.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/116140/7dabd2d239f50c95-r1.webp","tone":"dark","width":826,"height":200,"sourceUrl":"https://www.focusfinancial.com/","sourceLabel":"Focus Financial, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"ria_network","typeLabel":"RIA network","feeDisclosure":"summary"},"linkedinUrl":"https://www.linkedin.com/company/focus-financial-network-inc-","founded":null,"organization":"Minnesota corporation","fiscalYearEnd":"December","headquarters":{"street":"1300 Godward Street Ne, Suite 5500","city":"Minneapolis","state":"MN","stateName":"Minnesota","country":"United States","postalCode":"55413"},"tradeNames":["Brooklands","Fdi Incorporated/Financial Designs","McMurray Whitney Financial","Mertz Wealth Strategies, Inc.","Moser & Heier Financial Solutions","The Basballe Group"],"registration":{"secApproved":"2 March 2010","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":494176.3621681416,"staff":{"employees":189,"advisory":114,"brokerDealerReps":124,"insuranceAgents":95,"promoters":1},"aum":{"regulatory":6823756233,"discretionary":6573904985,"discretionaryAccounts":26512,"nonDiscretionary":249851248,"nonDiscretionaryAccounts":998,"wrapProgram":219108262,"nonUsClientsPct":0,"nonAumClients":105},"clientTypes":[{"label":"Individuals (other than HNW)","clients":11863,"regulatoryAum":2837538858},{"label":"High-net-worth individuals","clients":1697,"regulatoryAum":3863492613},{"label":"Pension and profit-sharing plans","clients":33,"regulatoryAum":52722506},{"label":"Charitable organizations","clients":3,"fewerThan5":true,"regulatoryAum":2038984},{"label":"Corporations and other businesses","clients":88,"regulatoryAum":67963272}],"feePrograms":[],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T03:35:10.403039+00:00","documents":[{"name":"FOCUS FINANCIAL FIRM BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1027959","versionId":1027959,"submittedOn":"2026-03-26"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":2863504153},{"name":"Pershing LLC","shortName":"Pershing","location":"Jersey City, NJ","smaAssets":1572507918}],"custodyNote":"Focus Financial Network has custody of $2.12B for 3,632 clients.","otherCustodians":[],"leadership":[{"name":"John Bina","title":"President","crd":"2129365"},{"name":"Evan Chang","title":"Chief Compliance Officer","crd":"4434039"},{"name":"David Beissler","title":"Shareholder:director","crd":"4177136"},{"name":"William Bergstrom","title":"Shareholder:director","crd":"1296561"},{"name":"Christina Chaconas","title":"VP Operations","crd":"4979793"},{"name":"John Dritz","title":"Shareholder:director:treasurer","crd":"1460968"},{"name":"David Heitkamp","title":"Shareholder:director","crd":"1187125"},{"name":"John Layton","title":"Shareholder:director","crd":"1363732"},{"name":"Walter Pickup","title":"Shareholder:director","crd":"2226150"},{"name":"John Watkins","title":"Shareholder:director","crd":"1285779"},{"name":"Michael Dales","title":"Shareholder","crd":"1606303"}],"ownership":[{"label":"John Watkins","detail":"Shareholder:director in the 10% to 25% ownership band and a control person, since May 2006."},{"label":"John Layton","detail":"Shareholder:director in the 10% to 25% ownership band and a control person, since May 2006."},{"label":"David Heitkamp","detail":"Shareholder:director in the 10% to 25% ownership band and a control person, since May 2006."},{"label":"John Dritz","detail":"Shareholder:director:treasurer in the 5% to 10% ownership band and a control person, since May 2006."},{"label":"David Beissler","detail":"Shareholder:director in the 10% to 25% ownership band and a control person, since January 2025."},{"label":"William Bergstrom","detail":"Shareholder:director in the 10% to 25% ownership band, since May 2006."},{"label":"Walter Pickup","detail":"Shareholder:director in the 10% to 25% ownership band and a control person, since January 2025."},{"label":"Michael Dales","detail":"Shareholder in the 5% to 10% ownership band, since January 2025."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":36,"privateResidences":3},"listedOfficeAddresses":24,"foreignOffices":[],"officesByState":[{"state":"Illinois","offices":2,"addresses":[{"street":"901 Warrenville Road","city":"Lisle"},{"street":"1100 Nerge RD","city":"Elk Grove"}]},{"state":"Minnesota","offices":21,"addresses":[{"street":"1300 Godward Street Ne, Suite 5500","city":"Minneapolis","headquarters":true},{"street":"635 Bielenberg Drive","city":"Woodbury"},{"street":"6448 Main Street","city":"North Branch"},{"street":"1500 McAndrews Road West","city":"Burnsville"},{"street":"102 Walnut Street","city":"Winona"},{"street":"1000 Shelard Parkway","city":"Minneapolis"},{"street":"401 North 3rd Street","city":"Minneapolis"},{"street":"7400 Metro BLVD.","city":"Edina"},{"street":"949 Whitewater Avenue","city":"St. Charles"},{"street":"106 W 1st Street","city":"Fosston"},{"street":"38877 10th Ave","city":"North Branch"},{"street":"1650 W 82nd Street","city":"Bloomington"},{"street":"1421 Bemidji Ave N","city":"Bemidji"},{"street":"350 W. Burnsville Parkway","city":"Burnsville"},{"street":"124 W Main St","city":"Waconia"},{"street":"600 Highway 169 S.","city":"St Louis Park"},{"street":"8100 Penn Ave S","city":"Bloomington"},{"street":"43 Main Street Se","city":"Minneapolis"},{"street":"307 N. Nokomis St.","city":"Alexandria"},{"street":"539 Bielenberg Drive","city":"Woodbury"},{"street":"600 US Highway 169","city":"St. Louis Park"}]},{"state":"Wisconsin","offices":1,"addresses":[{"street":"3530 Stewart Avenue","city":"Wausau"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"651-631-8166","stateRegisteredReps":119,"otherAdviserReps":5,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)","Educational seminars/workshops"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":23},{"label":"U.S. government/agency bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":68},{"label":"Cash and cash equivalents","percent":7}],"privateFunds":0},"sources":{"adv1FilingDate":"1 October 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/116140/PDF/116140.pdf","brochureDate":"26 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1027959","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Focus Financial Network have?","answer":"Focus Financial Network has 13,684 clients and manages $6.82 billion for them, as of October 2026. They include 11,863 individual clients, 1,697 high-net-worth individuals, and 88 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 1 October 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Focus Financial Network offer?","answer":"Focus Financial Network provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, and educational seminars.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Focus Financial Network use?","answer":"Focus Financial Network’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $2.86B and Pershing LLC (Jersey City, NJ), with $1.57B. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 1 October 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Focus Financial Network have?","answer":"Focus Financial Network has 119 investment adviser representatives registered with state securities authorities, out of 189 employees, and 114 perform investment advisory functions. 124 employees are registered representatives of a broker-dealer and 95 employees are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Focus Financial Network invest in?","answer":"At the end of its last fiscal year, Focus Financial Network’s separately managed accounts held 68% registered funds (mutual funds, ETFs, BDCs), 23% exchange-traded equities, 7% cash and equivalents and 1% U.S. government and agency bonds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Focus Financial Network?","answer":"Focus Financial Network’s direct owners are John Watkins, John Layton, David Heitkamp, John Dritz, David Beissler, William Bergstrom, Walter Pickup and Michael Dales, each holding 25% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 1 October 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Focus Financial Network get paid?","answer":"Focus Financial Network is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Focus Financial Network?","answer":"Focus Financial Network’s main office is at 1300 Godward Street Ne, Suite 5500, Minneapolis, MN 55413. Its phone number is 651-631-8166. Its website is focusfinancial.com.","source":"Form ADV Part 1A, Item 1.F, filed 1 October 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/focus-financial-network-116140/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-09","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/2010942/000175496026000448/0001754960-26-000448-index.html","totalValue":3230634745,"positionCount":764,"top10Share":0.33762375046826903,"top10":[{"issuer":"NVIDIA CORPORATION","titleOfClass":"COM","cusip":"67066G104","value":319884076,"shares":1598701,"shareType":"SH","priorValue":282909353,"priorShares":1622094},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US LCAP GR ETF","cusip":"808524300","value":147583840,"shares":4361225,"shareType":"SH","priorValue":137829345,"priorShares":4731526},{"issuer":"INVESCO QQQ TR","titleOfClass":"UNIT SER 1","cusip":"46090E103","value":118575388,"shares":161020,"shareType":"SH","priorValue":91996845,"priorShares":159390},{"issuer":"APPLE INC","titleOfClass":"COM","cusip":"037833100","value":97300500,"shares":336261,"shareType":"SH","priorValue":86114493,"priorShares":339314},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P500 ETF","cusip":"464287200","value":92481583,"shares":123492,"shareType":"SH","priorValue":73787424,"priorShares":112961},{"issuer":"AMAZON COM INC","titleOfClass":"COM","cusip":"023135106","value":71132938,"shares":298452,"shareType":"SH","priorValue":63914633,"priorShares":306884},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"VALUE ETF","cusip":"922908744","value":64552853,"shares":296209,"shareType":"SH","priorValue":54382261,"priorShares":277178},{"issuer":"ISHARES TR","titleOfClass":"CORE US AGGBD ET","cusip":"464287226","value":63529016,"shares":641837,"shareType":"SH","priorValue":60399067,"priorShares":608432},{"issuer":"PROSHARES TR","titleOfClass":"PSHS ULTRA QQQ","cusip":"74347R206","value":58040894,"shares":599844,"shareType":"SH","priorValue":36567529,"priorShares":599468},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US DIVIDEND EQ","cusip":"808524797","value":57657931,"shares":1818289,"shareType":"SH","priorValue":60843768,"priorShares":1983174}],"positionsListed":200,"positions":[{"issuer":"NVIDIA CORPORATION","titleOfClass":"COM","cusip":"67066G104","value":319884076,"shares":1598701,"shareType":"SH","priorValue":282909353,"priorShares":1622094},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US LCAP GR ETF","cusip":"808524300","value":147583840,"shares":4361225,"shareType":"SH","priorValue":137829345,"priorShares":4731526},{"issuer":"INVESCO QQQ TR","titleOfClass":"UNIT SER 1","cusip":"46090E103","value":118575388,"shares":161020,"shareType":"SH","priorValue":91996845,"priorShares":159390},{"issuer":"APPLE INC","titleOfClass":"COM","cusip":"037833100","value":97300500,"shares":336261,"shareType":"SH","priorValue":86114493,"priorShares":339314},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P500 ETF","cusip":"464287200","value":92481583,"shares":123492,"shareType":"SH","priorValue":73787424,"priorShares":112961},{"issuer":"AMAZON COM INC","titleOfClass":"COM","cusip":"023135106","value":71132938,"shares":298452,"shareType":"SH","priorValue":63914633,"priorShares":306884},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"VALUE ETF","cusip":"922908744","value":64552853,"shares":296209,"shareType":"SH","priorValue":54382261,"priorShares":277178},{"issuer":"ISHARES TR","titleOfClass":"CORE US AGGBD ET","cusip":"464287226","value":63529016,"shares":641837,"shareType":"SH","priorValue":60399067,"priorShares":608432},{"issuer":"PROSHARES TR","titleOfClass":"PSHS ULTRA QQQ","cusip":"74347R206","value":58040894,"shares":599844,"shareType":"SH","priorValue":36567529,"priorShares":599468},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US DIVIDEND EQ","cusip":"808524797","value":57657931,"shares":1818289,"shareType":"SH","priorValue":60843768,"priorShares":1983174},{"issuer":"SANDISK CORP","titleOfClass":"COM","cusip":"80004C200","value":44355925,"shares":19508,"shareType":"SH","priorValue":9716255,"priorShares":15293},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"FUNDAMENTAL INTL","cusip":"808524755","value":43353091,"shares":821704,"shareType":"SH","priorValue":37989244,"priorShares":776400},{"issuer":"VANGUARD STAR FDS","titleOfClass":"VG TL INTL STK F","cusip":"921909768","value":41174687,"shares":481632,"shareType":"SH","priorValue":36113398,"priorShares":468336},{"issuer":"INVESCO EXCHANGE TRADED FD T","titleOfClass":"S&P MDCP QUALITY","cusip":"46137V472","value":39365738,"shares":348740,"shareType":"SH","priorValue":35466546,"priorShares":343103},{"issuer":"ISHARES TR","titleOfClass":"7-10 YR TRSY BD","cusip":"464287440","value":38375681,"shares":405791,"shareType":"SH","priorValue":36614043,"priorShares":383634},{"issuer":"FIDELITY COVINGTON TRUST","titleOfClass":"ENHANCED SML CAP","cusip":"31609A206","value":37258053,"shares":771548,"shareType":"SH","priorValue":27655640,"priorShares":727780},{"issuer":"VANGUARD WHITEHALL FDS","titleOfClass":"HIGH DIV YLD","cusip":"921946406","value":34827728,"shares":220387,"shareType":"SH","priorValue":35407294,"priorShares":239077},{"issuer":"ALPHABET INC","titleOfClass":"CAP STK CL A","cusip":"02079K305","value":32190224,"shares":90075,"shareType":"SH","priorValue":28593154,"priorShares":99434},{"issuer":"VANGUARD TAX-MANAGED FDS","titleOfClass":"VAN FTSE DEV MKT","cusip":"921943858","value":31742560,"shares":445510,"shareType":"SH","priorValue":27106900,"priorShares":423017},{"issuer":"STATE STR SPDR S&P 500 ETF T","titleOfClass":"TR UNIT","cusip":"78462F103","value":29353254,"shares":39307,"shareType":"SH","priorValue":25280941,"priorShares":38873},{"issuer":"BERKSHIRE HATHAWAY INC DEL","titleOfClass":"CL B NEW","cusip":"084670702","value":29072147,"shares":58099,"shareType":"SH","priorValue":28640335,"priorShares":59767},{"issuer":"VANGUARD SPECIALIZED FUNDS","titleOfClass":"DIV APP ETF","cusip":"921908844","value":26733862,"shares":112982,"shareType":"SH","priorValue":23500956,"priorShares":109276},{"issuer":"SELECT SECTOR SPDR TR","titleOfClass":"ST STR TECHN ETF","cusip":"81369Y803","value":26262113,"shares":137844,"shareType":"SH","priorValue":18076474,"priorShares":136016},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST STR P500ETF","cusip":"78464A854","value":24483789,"shares":278605,"shareType":"SH","priorValue":16309487,"priorShares":213084},{"issuer":"ISHARES TR","titleOfClass":"RUS MID CAP ETF","cusip":"464287499","value":23959098,"shares":217178,"shareType":"SH","priorValue":21570955,"priorShares":221855},{"issuer":"T ROWE PRICE EXCHANGE-TRADED","titleOfClass":"ULTRA SHRT TRM","cusip":"87283Q701","value":22862745,"shares":459368,"shareType":"SH","priorValue":2204622,"priorShares":44314},{"issuer":"MICROSOFT CORP","titleOfClass":"COM","cusip":"594918104","value":22618048,"shares":60635,"shareType":"SH","priorValue":23071315,"priorShares":62326},{"issuer":"INVESCO EXCHANGE TRADED FD T","titleOfClass":"S&P MDCP MOMNTUM","cusip":"46137V464","value":21333198,"shares":125386,"shareType":"SH","priorValue":17975821,"priorShares":123954},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US LCAP VA ETF","cusip":"808524409","value":20894781,"shares":600252,"shareType":"SH","priorValue":19423694,"priorShares":636842},{"issuer":"INVESCO EXCHANGE TRADED FD T","titleOfClass":"S&P SMLCP MOMENT","cusip":"46137V498","value":20669268,"shares":220755,"shareType":"SH","priorValue":16877447,"priorShares":222013},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US BRD MKT ETF","cusip":"808524102","value":20567158,"shares":710192,"shareType":"SH","priorValue":17562235,"priorShares":699691},{"issuer":"ISHARES TR","titleOfClass":"S&P 500 GRWT ETF","cusip":"464287309","value":20084700,"shares":146039,"shareType":"SH","priorValue":16653723,"priorShares":147235},{"issuer":"INVESCO EXCH TRADED FD TR II","titleOfClass":"NASDAQ 100 ETF","cusip":"46138G649","value":19689169,"shares":64987,"shareType":"SH","priorValue":14210817,"priorShares":59805},{"issuer":"INVESCO EXCHANGE TRADED FD T","titleOfClass":"S&P500 QUALITY","cusip":"46137V241","value":19599584,"shares":217531,"shareType":"SH","priorValue":18119715,"priorShares":240986},{"issuer":"VANGUARD INTL EQUITY INDEX F","titleOfClass":"FTSE EMR MKT ETF","cusip":"922042858","value":19578250,"shares":327999,"shareType":"SH","priorValue":17497553,"priorShares":323729},{"issuer":"FIRST TR EXCHANGE TRADED FD","titleOfClass":"SMID RISNG ETF","cusip":"33741X102","value":19071763,"shares":442090,"shareType":"SH","priorValue":16367945,"priorShares":415114},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US LRG CAP ETF","cusip":"808524201","value":17984336,"shares":611089,"shareType":"SH","priorValue":15726529,"priorShares":613359},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"SML CP GRW ETF","cusip":"922908595","value":17537649,"shares":47956,"shareType":"SH","priorValue":14165330,"priorShares":46866},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US MID-CAP ETF","cusip":"808524508","value":17149319,"shares":465129,"shareType":"SH","priorValue":15033752,"priorShares":485586},{"issuer":"ISHARES INC","titleOfClass":"MSCI EMRG CHN","cusip":"46434G764","value":16809725,"shares":164318,"shareType":"SH","priorValue":18469541,"priorShares":234802},{"issuer":"WISDOMTREE TR","titleOfClass":"US QTLY DIV GRT","cusip":"97717X669","value":16177202,"shares":169182,"shareType":"SH","priorValue":15605553,"priorShares":177659},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"INTL EQTY ETF","cusip":"808524805","value":14846059,"shares":535959,"shareType":"SH","priorValue":12188686,"priorShares":492472},{"issuer":"ISHARES TR","titleOfClass":"MSCI INTL MOMENT","cusip":"46434V449","value":14097854,"shares":264351,"shareType":"SH","priorValue":12457287,"priorShares":259419},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US SML CAP ETF","cusip":"808524607","value":13983975,"shares":387046,"shareType":"SH","priorValue":12041182,"priorShares":414071},{"issuer":"INVESCO ACTIVELY MANAGED EXC","titleOfClass":"TOTAL RETURN","cusip":"46090A804","value":13792015,"shares":294261,"shareType":"SH","priorValue":12766601,"priorShares":272616},{"issuer":"UNITEDHEALTH GROUP INC","titleOfClass":"COM","cusip":"91324P102","value":13706404,"shares":32977,"shareType":"SH","priorValue":9339132,"priorShares":34514},{"issuer":"ISHARES TR","titleOfClass":"CORE UNIVRSL USD","cusip":"46434V613","value":13134399,"shares":284602,"shareType":"SH","priorValue":10024122,"priorShares":217019},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"TOTAL STK MKT","cusip":"922908769","value":12682718,"shares":34274,"shareType":"SH","priorValue":10743867,"priorShares":33490},{"issuer":"FIRST TR EXCHANGE-TRADED FD","titleOfClass":"DJ GLBL DIVID","cusip":"33734X200","value":12465927,"shares":389682,"shareType":"SH"},{"issuer":"BLACKROCK ETF TRUST","titleOfClass":"ISHARES US EQUIT","cusip":"09290C103","value":12223136,"shares":179726,"shareType":"SH","priorValue":11333909,"priorShares":194808},{"issuer":"NVENT ELEC PLC","titleOfClass":"SHS","cusip":"G6700G107","value":12177460,"shares":71797,"shareType":"SH","priorValue":8690575,"priorShares":73475},{"issuer":"PROFESIONALLY MANAGED PORTFO","titleOfClass":"AKRE FOCUS ETF","cusip":"74316P579","value":12065780,"shares":226843,"shareType":"SH","priorValue":20709748,"priorShares":391859},{"issuer":"ISHARES TR","titleOfClass":"MSCI USA QLT FCT","cusip":"46432F339","value":11905180,"shares":54255,"shareType":"SH","priorValue":14927411,"priorShares":77824},{"issuer":"VANGUARD WORLD FD","titleOfClass":"HEALTH CAR ETF","cusip":"92204A504","value":11571915,"shares":38701,"shareType":"SH","priorValue":9603395,"priorShares":35264},{"issuer":"SPDR GOLD TR","titleOfClass":"GOLD SHS","cusip":"78463V107","value":10999827,"shares":29860,"shareType":"SH","priorValue":12949147,"priorShares":30094},{"issuer":"VANGUARD BD INDEX FDS","titleOfClass":"SHORT TRM BOND","cusip":"921937827","value":10994804,"shares":141122,"shareType":"SH","priorValue":10638059,"priorShares":135672},{"issuer":"JPMORGAN CHASE & CO","titleOfClass":"COM","cusip":"46625H100","value":10991036,"shares":33578,"shareType":"SH","priorValue":9335874,"priorShares":31737},{"issuer":"FIRST TR EXCHNG TRADED FD VI","titleOfClass":"SMIT UNCO BD ETF","cusip":"33740F888","value":10843873,"shares":435847,"shareType":"SH"},{"issuer":"ETFS GOLD TR","titleOfClass":"PHYSCL GOLD SHS","cusip":"00326A104","value":10831400,"shares":283322,"shareType":"SH","priorValue":15992522,"priorShares":358416},{"issuer":"T ROWE PRICE EXCHANGE-TRADED","titleOfClass":"CAP APPRECIATION","cusip":"87283Q867","value":10717998,"shares":260779,"shareType":"SH","priorValue":3066548,"priorShares":86163},{"issuer":"CATERPILLAR INC","titleOfClass":"COM","cusip":"149123101","value":10695053,"shares":10043,"shareType":"SH","priorValue":7001683,"priorShares":9883},{"issuer":"FIRST TR EXCHANGE TRADED FD","titleOfClass":"RISNG DIVD ACHIV","cusip":"33738R506","value":10666197,"shares":131584,"shareType":"SH","priorValue":8959279,"priorShares":131214},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"S&P 500 ETF SHS","cusip":"922908363","value":10106410,"shares":14715,"shareType":"SH","priorValue":8280926,"priorShares":13858},{"issuer":"BLACKROCK ETF TRUST","titleOfClass":"ISHA IN CTRY ETF","cusip":"09290C764","value":10058888,"shares":274833,"shareType":"SH","priorValue":6840808,"priorShares":212758},{"issuer":"COSTCO WHOLESALE CORPORATION","titleOfClass":"COM","cusip":"22160K105","value":9943659,"shares":10630,"shareType":"SH","priorValue":10226514,"priorShares":10263},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US TIPS ETF","cusip":"808524870","value":9763323,"shares":368427,"shareType":"SH","priorValue":8946686,"priorShares":336215},{"issuer":"CAPITAL GROUP DIVIDEND VALUE","titleOfClass":"SHS CREAT UNIT","cusip":"14020W106","value":9548112,"shares":193176,"shareType":"SH","priorValue":4724561,"priorShares":110775},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST STR SP600 SML","cusip":"78468R853","value":9249025,"shares":160378,"shareType":"SH","priorValue":9137442,"priorShares":189103},{"issuer":"3M CO","titleOfClass":"COM","cusip":"88579Y101","value":8996830,"shares":55567,"shareType":"SH","priorValue":7734680,"priorShares":53258},{"issuer":"QUANTUM COMPUTING INC","titleOfClass":"COM","cusip":"74766W108","value":8842859,"shares":911635,"shareType":"SH","priorValue":1242556,"priorShares":181395},{"issuer":"J P MORGAN EXCHANGE TRADED F","titleOfClass":"US QUALTY FCTR","cusip":"46641Q761","value":8467028,"shares":117142,"shareType":"SH","priorValue":6786172,"priorShares":110668},{"issuer":"ELI LILLY & CO","titleOfClass":"COM","cusip":"532457108","value":8412716,"shares":7014,"shareType":"SH","priorValue":6339031,"priorShares":6892},{"issuer":"ISHARES TR","titleOfClass":"S&P 500 VAL ETF","cusip":"464287408","value":8385260,"shares":36930,"shareType":"SH","priorValue":8191668,"priorShares":38795},{"issuer":"J P MORGAN EXCHANGE TRADED F","titleOfClass":"INCOME ETF","cusip":"46641Q159","value":8225270,"shares":178616,"shareType":"SH","priorValue":5708371,"priorShares":123906},{"issuer":"MORGAN STANLEY ETF TRUST","titleOfClass":"EATO VANC BD ETF","cusip":"61774R841","value":8184131,"shares":160768,"shareType":"SH","priorValue":3305877,"priorShares":64878},{"issuer":"VANGUARD SCOTTSDALE FDS","titleOfClass":"LONG TERM TREAS","cusip":"92206C847","value":8140525,"shares":147527,"shareType":"SH","priorValue":4988344,"priorShares":90115},{"issuer":"BROADCOM INC","titleOfClass":"COM","cusip":"11135F101","value":7902411,"shares":20920,"shareType":"SH","priorValue":6463050,"priorShares":20882},{"issuer":"ISHARES TR","titleOfClass":"NATIONAL MUN ETF","cusip":"464288414","value":7634969,"shares":70944,"shareType":"SH","priorValue":7589894,"priorShares":71502},{"issuer":"FIRST TR EXCHANGE-TRADED FD","titleOfClass":"NO AMER ENERGY","cusip":"33738D101","value":7247479,"shares":166609,"shareType":"SH","priorValue":5589520,"priorShares":128024},{"issuer":"ISHARES TR","titleOfClass":"INTERNATIONAL SL","cusip":"46434V266","value":7115404,"shares":164366,"shareType":"SH","priorValue":540512,"priorShares":12934},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"GROWTH ETF","cusip":"922908736","value":6880580,"shares":79877,"shareType":"SH","priorValue":5636465,"priorShares":12904},{"issuer":"VIRGIN GALACTIC HOLDINGS INC","titleOfClass":"COM NEW","cusip":"92766K403","value":6880000,"shares":2380623,"shareType":"SH"},{"issuer":"DELTA AIR LINES INC","titleOfClass":"COM NEW","cusip":"247361702","value":6724373,"shares":71796,"shareType":"SH","priorValue":6353794,"priorShares":95575},{"issuer":"JOHNSON & JOHNSON","titleOfClass":"COM","cusip":"478160104","value":6692802,"shares":26353,"shareType":"SH","priorValue":6829134,"priorShares":27938},{"issuer":"TESLA INC","titleOfClass":"COM","cusip":"88160R101","value":6561473,"shares":15600,"shareType":"SH","priorValue":5994197,"priorShares":16124},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"MID CAP ETF","cusip":"922908629","value":6377451,"shares":79154,"shareType":"SH","priorValue":5030967,"priorShares":17519},{"issuer":"INVESCO EXCHANGE TRADED FD T","titleOfClass":"DIVID ACHIEVEV","cusip":"46137V506","value":6299605,"shares":113600,"shareType":"SH","priorValue":5787403,"priorShares":113274},{"issuer":"ISHARES TR","titleOfClass":"U.S. TECH ETF","cusip":"464287721","value":6240981,"shares":24743,"shareType":"SH","priorValue":4437842,"priorShares":24462},{"issuer":"INVESCO EXCHANGE TRADED FD T","titleOfClass":"S&P500 EQL WGT","cusip":"46137V357","value":6233196,"shares":29295,"shareType":"SH","priorValue":5902930,"priorShares":30757},{"issuer":"ISHARES TR","titleOfClass":"MSCI USA VALUE","cusip":"46432F388","value":6216981,"shares":31114,"shareType":"SH","priorValue":4420605,"priorShares":31089},{"issuer":"XCEL ENERGY INC","titleOfClass":"COM","cusip":"98389B100","value":6134060,"shares":76389,"shareType":"SH","priorValue":6378853,"priorShares":80298},{"issuer":"ISHARES TR","titleOfClass":"1 3 YR TREAS BD","cusip":"464287457","value":6109413,"shares":74405,"shareType":"SH","priorValue":6229376,"priorShares":75444},{"issuer":"TERADYNE INC","titleOfClass":"COM","cusip":"880770102","value":5906513,"shares":12208,"shareType":"SH"},{"issuer":"BLACKROCK ETF TRUST","titleOfClass":"ISHA I IN TE ETF","cusip":"09290C780","value":5902900,"shares":111967,"shareType":"SH","priorValue":4539995,"priorShares":137784},{"issuer":"VANGUARD BD INDEX FDS","titleOfClass":"TOTAL BND MRKT","cusip":"921937835","value":5843550,"shares":79602,"shareType":"SH","priorValue":5149047,"priorShares":69922},{"issuer":"SELECT SECTOR SPDR TR","titleOfClass":"ST STR ENERG ETF","cusip":"81369Y506","value":5828203,"shares":109738,"shareType":"SH","priorValue":5807021,"priorShares":94793},{"issuer":"GOLDMAN SACHS GROUP INC","titleOfClass":"COM","cusip":"38141G104","value":5713671,"shares":5649,"shareType":"SH","priorValue":4763721,"priorShares":5631},{"issuer":"FIRST TR EXCHANGE TRADED FD","titleOfClass":"RBA INDL ETF","cusip":"33738R704","value":5682684,"shares":42647,"shareType":"SH","priorValue":5205196,"priorShares":46987},{"issuer":"ISHARES TR","titleOfClass":"ISHARES SEMICDTR","cusip":"464287523","value":5637568,"shares":8798,"shareType":"SH","priorValue":3370543,"priorShares":10255},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"FUNDAMENTAL US L","cusip":"808524771","value":5587985,"shares":179678,"shareType":"SH","priorValue":4760709,"priorShares":170941},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"SHT TM US TRES","cusip":"808524862","value":5524807,"shares":228865,"shareType":"SH","priorValue":7213465,"priorShares":297217},{"issuer":"ISHARES TR","titleOfClass":"RUS MDCP VAL ETF","cusip":"464287473","value":5503682,"shares":33437,"shareType":"SH","priorValue":4810567,"priorShares":33008},{"issuer":"INVESCO EXCHANGE TRADED FD T","titleOfClass":"S&P500 EQL TEC","cusip":"46137V282","value":5471830,"shares":84835,"shareType":"SH","priorValue":1570702,"priorShares":34704},{"issuer":"ISHARES TR","titleOfClass":"CORE 40 MODE ETF","cusip":"464289875","value":5466512,"shares":109571,"shareType":"SH","priorValue":5488607,"priorShares":115867},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US AGGREGATE B","cusip":"808524839","value":5347085,"shares":231175,"shareType":"SH","priorValue":5129607,"priorShares":220913},{"issuer":"BLACKROCK ETF TRUST II","titleOfClass":"ISHA FLEX IN ETF","cusip":"092528603","value":5334377,"shares":101918,"shareType":"SH","priorValue":6319328,"priorShares":121689},{"issuer":"PENTAIR PLC","titleOfClass":"SHS","cusip":"G7S00T104","value":5319739,"shares":69394,"shareType":"SH","priorValue":6327650,"priorShares":72640},{"issuer":"META PLATFORMS INC","titleOfClass":"CL A","cusip":"30303M102","value":5291919,"shares":9395,"shareType":"SH","priorValue":5608800,"priorShares":9803},{"issuer":"FIRST TR EXCHANGE-TRADED FD","titleOfClass":"SHS","cusip":"337345102","value":5272714,"shares":15754,"shareType":"SH","priorValue":4018958,"priorShares":18608},{"issuer":"ALPHABET INC","titleOfClass":"CAP STK CL C","cusip":"02079K107","value":5209433,"shares":14744,"shareType":"SH","priorValue":4099444,"priorShares":14291},{"issuer":"VANGUARD BD INDEX FDS","titleOfClass":"VANGUARD ULTRA","cusip":"92203C303","value":5073340,"shares":101915,"shareType":"SH","priorValue":4086318,"priorShares":82079},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P SCP ETF","cusip":"464287804","value":4911129,"shares":33114,"shareType":"SH","priorValue":4103938,"priorShares":33014},{"issuer":"MICRON TECHNOLOGY INC","titleOfClass":"COM","cusip":"595112103","value":4850601,"shares":4202,"shareType":"SH","priorValue":1696157,"priorShares":5021},{"issuer":"INVESCO EXCH TRADED FD TR II","titleOfClass":"S&P 500 MOMNTM","cusip":"46138E339","value":4797588,"shares":29699,"shareType":"SH","priorValue":4409924,"priorShares":39336},{"issuer":"PUTNAM ETF TRUST","titleOfClass":"FRANK MINN ETF","cusip":"746729813","value":4755405,"shares":533332,"shareType":"SH","priorValue":4728079,"priorShares":541590},{"issuer":"SELECT SECTOR SPDR TR","titleOfClass":"ST STR FINL ETF","cusip":"81369Y605","value":4736845,"shares":88357,"shareType":"SH","priorValue":4454585,"priorShares":90229},{"issuer":"COLUMBIA ETF TR II","titleOfClass":"EM CORE EX ETF","cusip":"19762B202","value":4703922,"shares":88955,"shareType":"SH","priorValue":4065519,"priorShares":99621},{"issuer":"ISHARES TR","titleOfClass":"MBS ETF","cusip":"464288588","value":4636787,"shares":49056,"shareType":"SH","priorValue":4093399,"priorShares":43111},{"issuer":"WALMART INC","titleOfClass":"COM","cusip":"931142103","value":4502526,"shares":39754,"shareType":"SH","priorValue":4953267,"priorShares":39776},{"issuer":"LEGG MASON ETF INVT","titleOfClass":"FRANKLIN INTL LW","cusip":"52468L505","value":4488103,"shares":110585,"shareType":"SH","priorValue":4421502,"priorShares":109065},{"issuer":"ISHARES U S ETF TR","titleOfClass":"SHOR DURA BD ETF","cusip":"46431W507","value":4392077,"shares":86697,"shareType":"SH","priorValue":3299713,"priorShares":64910},{"issuer":"SERVICENOW INC","titleOfClass":"COM","cusip":"81762P102","value":4331586,"shares":43630,"shareType":"SH","priorValue":4184300,"priorShares":40022},{"issuer":"USCF ETF TR","titleOfClass":"SUMMERHAVEN K1","cusip":"90290T809","value":4327752,"shares":163682,"shareType":"SH","priorValue":2538959,"priorShares":93207},{"issuer":"VANECK ETF TRUST","titleOfClass":"IG FLOA RATE ETF","cusip":"92189F486","value":4266421,"shares":166592,"shareType":"SH"},{"issuer":"TAIWAN SEMICONDUCTOR MANUFAC","titleOfClass":"SPONSORED ADS","cusip":"874039100","value":4213600,"shares":8823,"shareType":"SH","priorValue":4954127,"priorShares":14619},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST STR P500VAL","cusip":"78464A508","value":4191774,"shares":68955,"shareType":"SH","priorValue":4754930,"priorShares":84039},{"issuer":"VANGUARD WORLD FD","titleOfClass":"FINANCIALS ETF","cusip":"92204A405","value":4188297,"shares":31826,"shareType":"SH","priorValue":3749852,"priorShares":31039},{"issuer":"INVESCO EXCHANGE TRADED FD T","titleOfClass":"S&P500 EQL HLT","cusip":"46137V332","value":4185791,"shares":126116,"shareType":"SH","priorValue":3745159,"priorShares":124038},{"issuer":"VANGUARD SCOTTSDALE FDS","titleOfClass":"VNG RUS1000GRW","cusip":"92206C680","value":4155011,"shares":32509,"shareType":"SH","priorValue":3449903,"priorShares":31451},{"issuer":"INVESCO EXCHANGE TRADED FD T","titleOfClass":"INTL DIVI ACHI","cusip":"46137V548","value":4121565,"shares":185656,"shareType":"SH","priorValue":4092768,"priorShares":183977},{"issuer":"CISCO SYS INC","titleOfClass":"COM","cusip":"17275R102","value":4105249,"shares":34950,"shareType":"SH","priorValue":2676284,"priorShares":34493},{"issuer":"ISHARES TR","titleOfClass":"MSCI USA MIN ETF","cusip":"46429B697","value":4097274,"shares":42476,"shareType":"SH","priorValue":4174629,"priorShares":45014},{"issuer":"ABBVIE INC","titleOfClass":"COM","cusip":"00287Y109","value":4059752,"shares":16133,"shareType":"SH","priorValue":3583590,"priorShares":16477},{"issuer":"GLOBAL X FDS","titleOfClass":"DEFENSE TECH ETF","cusip":"37960A529","value":4045490,"shares":67542,"shareType":"SH","priorValue":3078133,"priorShares":43452},{"issuer":"WELLS FARGO & CO","titleOfClass":"COM","cusip":"949746101","value":3962197,"shares":47945,"shareType":"SH","priorValue":3603737,"priorShares":45267},{"issuer":"BLACKROCK ETF TRUST","titleOfClass":"ISHA US THEM ETF","cusip":"09290C806","value":3945694,"shares":91526,"shareType":"SH","priorValue":4776956,"priorShares":131887},{"issuer":"J P MORGAN EXCHANGE TRADED F","titleOfClass":"BETABULDRS JAPAN","cusip":"46641Q217","value":3939090,"shares":52305,"shareType":"SH","priorValue":4840652,"priorShares":70246},{"issuer":"BLACKROCK ETF TRUST","titleOfClass":"ISHA LA CORE ETF","cusip":"09290C855","value":3928924,"shares":78001,"shareType":"SH","priorValue":2160701,"priorShares":52623},{"issuer":"SELECT SECTOR SPDR TR","titleOfClass":"ST STR UTIL ETF","cusip":"81369Y886","value":3808715,"shares":84003,"shareType":"SH","priorValue":3651533,"priorShares":79571},{"issuer":"VISA INC","titleOfClass":"COM CL A","cusip":"92826C839","value":3760591,"shares":10961,"shareType":"SH","priorValue":3600308,"priorShares":11912},{"issuer":"ADVANCED MICRO DEVICES INC","titleOfClass":"COM","cusip":"007903107","value":3758488,"shares":6470,"shareType":"SH","priorValue":2431192,"priorShares":11951},{"issuer":"WISDOMTREE TR","titleOfClass":"FLOATNG RAT TREA","cusip":"97717Y527","value":3735815,"shares":74197,"shareType":"SH","priorValue":3867831,"priorShares":76834},{"issuer":"ISHARES INC","titleOfClass":"US PWR INFRA ETF","cusip":"464286343","value":3709845,"shares":132684,"shareType":"SH"},{"issuer":"VANGUARD SCOTTSDALE FDS","titleOfClass":"SHRT TRM CORP BD","cusip":"92206C409","value":3677969,"shares":46539,"shareType":"SH","priorValue":3288116,"priorShares":41480},{"issuer":"BLACKROCK ETF TRUST","titleOfClass":"ISHA SYST AL ETF","cusip":"09290C665","value":3613164,"shares":128812,"shareType":"SH"},{"issuer":"SELECT SECTOR SPDR TR","titleOfClass":"ST STR CARE ETF","cusip":"81369Y209","value":3602604,"shares":22706,"shareType":"SH","priorValue":3584537,"priorShares":24449},{"issuer":"INVESCO EXCHANGE TRADED FD T","titleOfClass":"AEROSPACE DEFN","cusip":"46137V100","value":3539257,"shares":20035,"shareType":"SH","priorValue":3206067,"priorShares":19349},{"issuer":"J P MORGAN EXCHANGE TRADED F","titleOfClass":"ULTRA SHRT ETF","cusip":"46641Q837","value":3518182,"shares":69571,"shareType":"SH","priorValue":3967057,"priorShares":78385},{"issuer":"FRANKLIN TEMPLETON ETF TR","titleOfClass":"FRANKLIN INDIA","cusip":"35473P769","value":3513640,"shares":98781,"shareType":"SH","priorValue":2133953,"priorShares":64237},{"issuer":"INVESCO EXCH TRADED FD TR II","titleOfClass":"S&P500 LOW VOL","cusip":"46138E354","value":3485670,"shares":46538,"shareType":"SH","priorValue":3595790,"priorShares":49163},{"issuer":"SPDR INDEX SHS FDS","titleOfClass":"ST STR ACWI ETF","cusip":"78463X848","value":3472200,"shares":85375,"shareType":"SH","priorValue":3287014,"priorShares":89834},{"issuer":"J P MORGAN EXCHANGE TRADED F","titleOfClass":"EQUITY PREMIUM","cusip":"46641Q332","value":3398729,"shares":60176,"shareType":"SH","priorValue":3886751,"priorShares":68574},{"issuer":"ISHARES TR","titleOfClass":"RUS 1000 GRW ETF","cusip":"464287614","value":3363897,"shares":27091,"shareType":"SH","priorValue":2563202,"priorShares":6011},{"issuer":"ISHARES TR","titleOfClass":"MSCI USA MMENTM","cusip":"46432F396","value":3360880,"shares":9803,"shareType":"SH","priorValue":2517180,"priorShares":10489},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"SMALL CP ETF","cusip":"922908751","value":3358148,"shares":11079,"shareType":"SH","priorValue":2545274,"priorShares":9718},{"issuer":"ISHARES TR","titleOfClass":"RUS 1000 VAL ETF","cusip":"464287598","value":3341914,"shares":13785,"shareType":"SH","priorValue":2827901,"priorShares":13235},{"issuer":"APPLIED MATLS INC","titleOfClass":"COM","cusip":"038222105","value":3278456,"shares":4535,"shareType":"SH","priorValue":1454611,"priorShares":4256},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST STR BLO 1 ETF","cusip":"78468R663","value":3254273,"shares":35511,"shareType":"SH","priorValue":3253436,"priorShares":35502},{"issuer":"FASTENAL CO","titleOfClass":"COM","cusip":"311900104","value":3253052,"shares":67730,"shareType":"SH","priorValue":2990722,"priorShares":64455},{"issuer":"ISHARES TR","titleOfClass":"MSCI ACWI EX US","cusip":"464288240","value":3231020,"shares":42452,"shareType":"SH","priorValue":555836,"priorShares":8118},{"issuer":"MCDONALDS CORP","titleOfClass":"COM","cusip":"580135101","value":3207090,"shares":11864,"shareType":"SH","priorValue":3656997,"priorShares":11767},{"issuer":"ISHARES U S ETF TR","titleOfClass":"IT RT HDG HGYL","cusip":"46431W606","value":3204207,"shares":36996,"shareType":"SH","priorValue":2799015,"priorShares":32695},{"issuer":"ISHARES GOLD TR","titleOfClass":"ISHARES NEW","cusip":"464285204","value":3195130,"shares":42314,"shareType":"SH","priorValue":3592696,"priorShares":40752},{"issuer":"ISHARES TR","titleOfClass":"GLOBAL 100 ETF","cusip":"464287572","value":3193162,"shares":23376,"shareType":"SH","priorValue":2748922,"priorShares":22724},{"issuer":"RBB FUND TRUST","titleOfClass":"FIRST EAGLE GBL","cusip":"75526L886","value":3192015,"shares":65250,"shareType":"SH","priorValue":2309659,"priorShares":49142},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST STR CONV ETF","cusip":"78464A359","value":3189719,"shares":29584,"shareType":"SH","priorValue":2887951,"priorShares":31555},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"MCAP VL IDXVIP","cusip":"922908512","value":3129414,"shares":15837,"shareType":"SH","priorValue":2871637,"priorShares":15583},{"issuer":"ABBOTT LABORATORIES","titleOfClass":"COM","cusip":"002824100","value":3108558,"shares":34258,"shareType":"SH","priorValue":3985965,"priorShares":38823},{"issuer":"FRANKLIN TEMPLETON ETF TR","titleOfClass":"US MID CP MLTFCT","cusip":"35473P884","value":3087890,"shares":53345,"shareType":"SH","priorValue":2868898,"priorShares":52228},{"issuer":"ISHARES TR","titleOfClass":"ESG AWR MSCI USA","cusip":"46435G425","value":3032704,"shares":18529,"shareType":"SH","priorValue":2574692,"priorShares":18206},{"issuer":"INNOVATOR ETFS TRUST","titleOfClass":"DEFINED WLT SHLD","cusip":"45783Y855","value":3030016,"shares":88416,"shareType":"SH","priorValue":2551204,"priorShares":76235},{"issuer":"INVESCO EXCH TRADED FD TR II","titleOfClass":"KBW PPTY CASUT","cusip":"46138E586","value":3002353,"shares":23684,"shareType":"SH","priorValue":2859886,"priorShares":24036},{"issuer":"US BANCORP","titleOfClass":"COM NEW","cusip":"902973304","value":2995672,"shares":49597,"shareType":"SH","priorValue":2576708,"priorShares":49543},{"issuer":"ISHARES TR","titleOfClass":"EAFE GRWTH ETF","cusip":"464288885","value":2952207,"shares":23728,"shareType":"SH","priorValue":1929556,"priorShares":17326},{"issuer":"BANK OF AMER CORP","titleOfClass":"COM","cusip":"060505104","value":2882753,"shares":50592,"shareType":"SH","priorValue":2234748,"priorShares":45841},{"issuer":"TARGET CORP","titleOfClass":"COM","cusip":"87612E106","value":2878719,"shares":22041,"shareType":"SH","priorValue":2750086,"priorShares":22690},{"issuer":"INTEL CORP","titleOfClass":"COM","cusip":"458140100","value":2874252,"shares":20585,"shareType":"SH","priorValue":439830,"priorShares":9967},{"issuer":"GLOBAL X FDS","titleOfClass":"US INFR DEV ETF","cusip":"37954Y673","value":2851026,"shares":48304,"shareType":"SH","priorValue":2039732,"priorShares":40144},{"issuer":"VANGUARD WORLD FD","titleOfClass":"INF TECH ETF","cusip":"92204A702","value":2843115,"shares":23788,"shareType":"SH","priorValue":4967278,"priorShares":7119},{"issuer":"PALO ALTO NETWORKS INC","titleOfClass":"COM","cusip":"697435105","value":2818871,"shares":8266,"shareType":"SH","priorValue":1366247,"priorShares":8522},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST STR SP600GRWO","cusip":"78464A201","value":2741497,"shares":23013,"shareType":"SH","priorValue":2269698,"priorShares":23491},{"issuer":"DONALDSON INC","titleOfClass":"COM","cusip":"257651109","value":2739430,"shares":30516,"shareType":"SH","priorValue":2540972,"priorShares":29940},{"issuer":"SELECT SECTOR SPDR TR","titleOfClass":"ST STR STAPL ETF","cusip":"81369Y308","value":2702028,"shares":32527,"shareType":"SH","priorValue":2927467,"priorShares":35710},{"issuer":"CORNING INC","titleOfClass":"COM","cusip":"219350105","value":2682954,"shares":10504,"shareType":"SH","priorValue":1409540,"priorShares":10367},{"issuer":"AMERICAN CENTY ETF TR","titleOfClass":"AVANTIS EMGMKT","cusip":"025072604","value":2678056,"shares":27755,"shareType":"SH","priorValue":3084851,"priorShares":38283},{"issuer":"ISHARES TR","titleOfClass":"AGENCY BOND ETF","cusip":"464288166","value":2665675,"shares":24394,"shareType":"SH","priorValue":2659903,"priorShares":24245},{"issuer":"JANUS DETROIT STR TR","titleOfClass":"HENDRSN SHRT ETF","cusip":"47103U886","value":2662731,"shares":54278,"shareType":"SH","priorValue":2631430,"priorShares":53649},{"issuer":"ISHARES TR","titleOfClass":"US AER DEF ETF","cusip":"464288760","value":2651555,"shares":10938,"shareType":"SH","priorValue":2478803,"priorShares":11332},{"issuer":"ISHARES TR","titleOfClass":"EAFE VALUE ETF","cusip":"464288877","value":2650689,"shares":34627,"shareType":"SH","priorValue":8098723,"priorShares":108927},{"issuer":"HOME DEPOT INC","titleOfClass":"COM","cusip":"437076102","value":2644388,"shares":7498,"shareType":"SH","priorValue":2585591,"priorShares":7862},{"issuer":"PIMCO ETF TR","titleOfClass":"15+ YR US TIPS","cusip":"72201R304","value":2643158,"shares":52185,"shareType":"SH","priorValue":2472647,"priorShares":48455},{"issuer":"VANGUARD BD INDEX FDS","titleOfClass":"LONG TERM BOND","cusip":"921937793","value":2616795,"shares":37963,"shareType":"SH","priorValue":2609350,"priorShares":37938},{"issuer":"ISHARES TR","titleOfClass":"RUS TP200 GR ETF","cusip":"464289438","value":2607854,"shares":8973,"shareType":"SH","priorValue":2208666,"priorShares":8876},{"issuer":"CROWDSTRIKE HLDGS INC","titleOfClass":"CL A","cusip":"22788C105","value":2596202,"shares":3402,"shareType":"SH","priorValue":1638941,"priorShares":4198},{"issuer":"AMERICAN CENTY ETF TR","titleOfClass":"US SML CP VALU","cusip":"025072877","value":2583641,"shares":20709,"shareType":"SH","priorValue":2146659,"priorShares":19432},{"issuer":"EA SERIES TRUST","titleOfClass":"ALPHA ARCH 1-3","cusip":"02072L565","value":2563152,"shares":21890,"shareType":"SH","priorValue":2445747,"priorShares":21031},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"EMRG MKTEQ ETF","cusip":"808524706","value":2549766,"shares":70319,"shareType":"SH","priorValue":2187276,"priorShares":66382},{"issuer":"ECOLAB INC","titleOfClass":"COM","cusip":"278865100","value":2506322,"shares":8996,"shareType":"SH","priorValue":3753419,"priorShares":14110},{"issuer":"SEZZLE INC","titleOfClass":"COM","cusip":"78435P105","value":2493441,"shares":14528,"shareType":"SH"},{"issuer":"BLACKROCK ETF TRUST II","titleOfClass":"ISHA GLO USD ETF","cusip":"092528835","value":2491517,"shares":49543,"shareType":"SH"}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}