Fortress Financial Group provides financial planning, portfolio management for individuals and small businesses, and education planning. Financial planning was provided to 251–500 clients last fiscal year.
Fortress Financial Group reports 330 clients. They include 237 individual clients and 93 high-net-worth individuals. Of its assets, 100.0% ($352M across 958 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $352M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 72% | 27% |
| High-net-worth individuals | 28% | 73% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 237 | $95.3M | 27.0% | $402K |
| High-net-worth individuals | 93 | $256M | 72.6% | $2.75M |
| Corporations and other businesses | Fewer than 5 | $1.11M | 0.3% | — |
| Total | 330 | $352M | 100% | — |
- Clients
- 237
- Regulatory AUM
- $95.3M
- AUM share
- 27.0%
- Avg. per client
- $402K
- Clients
- 93
- Regulatory AUM
- $256M
- AUM share
- 72.6%
- Avg. per client
- $2.75M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.11M
- AUM share
- 0.3%
- Avg. per client
- —
Total
- Clients
- 330
- Regulatory AUM
- $352M
- AUM share
- 100%
- Avg. per client
- —
- 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
Fortress Financial Group charges 0.45%–1.25% a year for its Wealth 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 Services
- Project-based financial planning is a fixed engagement fee of $1,500 to $20,000 per engagement; ongoing financial planning is a fixed fee of $1,500 to $20,000 annually.
Daniel Langworthy owns 75% or more of Fortress Financial Group. The leadership team of Fortress Financial Group includes Chief Compliance Officer Debra Pladsen. It has 10 employees, 7 of them in advisory roles.
Leadership
- Debra PladsenChief Compliance Officer
- Daniel LangworthyManaging Member / Founder, Financial Advisor
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
- Jacob Collin Hagen-Erickson
- Luke Melvin Kroeplin
- Daniel Edward Langworthy
- Joseph Nicholas
- Debra Donell Pladsen
- Aidan Ryan
- Cody Wayne Schaefer
- Jack Thomas Zinser
Staff
- 10 employees
- 7 in advisory functions
- 7 state-registered reps
- Owns 75% or more of Fortress Financial Group, LLC
Daniel Langworthy
Control person · since July 2021
Fortress Financial Group’s regulatory assets grew 2.4× from $147M (July 2022) to $352M (August 2026); clients rose from 223 to 330 and employees from 5 to 10.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $352M | 330 | 10 | 4 |
| March 2025 | $304M | 300 | 8 | 1 |
| July 2024 | $251M | 288 | 9 | 1 |
| July 2023 | $179M | 240 | 7 | 1 |
| July 2022 | $147M | 223 | 5 | 1 |
Besides its headquarters, Fortress Financial Group has 3 offices (2 private residences, listed without an address), with 2 listed addresses in Arizona and Minnesota.
Arizona · 1 listed address
- 17200 N Perimeter DR, Scottsdale
Minnesota · 1 listed address
- 1610 14th Street NW, Suite 300, RochesterHQ
Contact and registration details
- Legal name
- Fortress Financial Group, LLC
- Headquarters
- 1610 14th Street NW, Suite 300, Rochester, MN 55901
- Website
- retireandthrive.net
- Phone
- 507-529-1400
- @2368682
- SEC file
- 801-122032
- Founded
- 2007
- Structure
- Minnesota LLC
- Fiscal year end
- December
Fortress Financial Group uses Fidelity ($352M) as custodian for its separately managed accounts. Fortress Financial Group has custody of $86.3M in client assets for 62 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $352M100%
At year end, Fortress Financial Group’s separately managed accounts were largely in funds (48%) and stocks (43%). Its reported 13F holdings for the quarter ended 30 June 2026 total $200M across 79 positions; the largest are Schwab Strategic TR (23.7%), Fidelity Covington Trust (13.2%) and American Centy ETF TR (8.6%).
What the accounts hold
- Stocks43%
- Funds48%
- Bonds2%
- Cash7%
Reported 13F holdings
- $200M
- Reported 13F value
- 79
- Positions
- 71.2%
- In the 10 largest
- +48.2%
- Value vs. prior quarter
- Schwab Strategic TR · US Lrg Cap ETF23.7%
- Fidelity Covington Trust · Enhanced Intl13.2%
- American Centy ETF TR · Avantis Emgmkt8.6%
- Vanguard Index Fds · Mid Cap ETF7.6%
- American Centy ETF TR · US Sml CP Valu7.1%
- iShares TR · Core S&P US Gwt2.9%
- Invesco Qqq TR · Unit Ser 12.3%
- Invesco Exchange Traded FD T · S&P500 Eql Wgt2.1%
- iShares TR · Core S&P US Vlu1.9%
- State Str SPDR S&P 500 ETF T · TR Unit1.7%
Together, the ten largest are 71.2% of reported value.
How many clients does Fortress Financial Group have?
Fortress Financial Group has 330 clients and manages $352 million for them, as of August 2026. They include 237 individual clients and 93 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 August 2026
What services does Fortress Financial Group offer?
Fortress Financial Group provides financial planning, portfolio management for individuals and small businesses, and education planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Fortress Financial Group charge?
Fortress Financial Group charges 0.45%–1.25% a year for its Wealth Management Services. The fee is billed in advance and is negotiable.
Source: FORTRESS FINANCIAL DISCLOSURE BROCHURE AND BROCHURE SUPPLEMENT, filed 18 June 2026
Which custodians does Fortress Financial Group use?
Fortress Financial Group’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $352M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 August 2026
How many financial advisors does Fortress Financial Group have?
Fortress Financial Group has 7 investment adviser representatives registered with state securities authorities, out of 10 employees, and 7 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 Fortress Financial Group invest in?
At the end of its last fiscal year, Fortress Financial Group’s separately managed accounts held 48% registered funds (mutual funds, ETFs, BDCs), 43% exchange-traded equities, 7% cash and equivalents and 2% 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
Who owns Fortress Financial Group?
Fortress Financial Group’s direct owner is Daniel Langworthy (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 26 August 2026
How does Fortress Financial Group get paid?
Fortress Financial Group 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 Fortress Financial Group?
Fortress Financial Group’s main office is at 1610 14th Street NW, Suite 300, Rochester, MN 55901. Its phone number is 507-529-1400. Its website is retireandthrive.net.