Marquette Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, education planning, estate planning, philanthropic planning, retirement plan services, and tax planning. Financial planning was provided to 51–100 clients last fiscal year.
Marquette Asset Management reports 229 clients. They include 116 high-net-worth individuals, 95 individual clients and 7 charitable organizations. Of its assets, 100.0% ($1.07B across 642 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 41% | 5% |
| High-net-worth individuals | 51% | 87% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | 3% | 4% |
| Corporations and other businesses | <1% | 3% |
| Other client typesOther | 3% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 95 | $48.8M | 4.6% | $514K |
| High-net-worth individuals | 116 | $930M | 87.1% | $8.02M |
| Pension and profit-sharing plans | Fewer than 5 | $8.94M | 0.8% | $4.47M |
| Charitable organizations | 7 | $41.8M | 3.9% | $5.97M |
| Corporations and other businesses | Fewer than 5 | $27.2M | 2.6% | $13.6M |
| Other | 7 | $10.8M | 1.0% | $1.54M |
| Total | 229 | $1.07B | 100% | — |
- Clients
- 95
- Regulatory AUM
- $48.8M
- AUM share
- 4.6%
- Avg. per client
- $514K
- Clients
- 116
- Regulatory AUM
- $930M
- AUM share
- 87.1%
- Avg. per client
- $8.02M
- Clients
- Fewer than 5
- Regulatory AUM
- $8.94M
- AUM share
- 0.8%
- Avg. per client
- $4.47M
- Clients
- 7
- Regulatory AUM
- $41.8M
- AUM share
- 3.9%
- Avg. per client
- $5.97M
- Clients
- Fewer than 5
- Regulatory AUM
- $27.2M
- AUM share
- 2.6%
- Avg. per client
- $13.6M
- Clients
- 7
- Regulatory AUM
- $10.8M
- AUM share
- 1.0%
- Avg. per client
- $1.54M
Total
- Clients
- 229
- Regulatory AUM
- $1.07B
- 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
- 51–100
Marquette Asset Management charges 0.50%–1.00% a year for its Wealth Management. Each asset band is charged at its own rate. The fee is billed in arrears. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$3M | 1.00% |
| $3M–$5M | 0.75% |
| $5M and above | 0.50% |
Fee details and sources
Other fees
- Investment Trust Advisor Accounts
- Annual fee of 1.15% on the first $3M, 0.90% on the next $2M and 0.65% thereafter, less the investment trust advisor fee charged by Bell Bank.
- Self-Directed Accounts
- An annual fee of 0.10% of market value may be charged on self-directed accounts to cover administrative expenses.
Marquette Wealth Management, LLC owns 75% or more of Marquette Asset Management and is in turn owned by Christopher Vernier (75% or more). The leadership team of Marquette Asset Management includes President Christopher Vernier and Chief Compliance Officer Kristy Thom. It has 8 employees, 4 of them in advisory roles.
Leadership
- Christopher VernierPresident
- Kristy ThomChief Compliance Officer
- Jordan EllingWealth Advisor
- Valerie Thomas RuthManaging Director
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Jordan Marie Elling
- Valerie Ann Thomas Ruth
- Christopher Marcel Vernier
Staff
- 8 employees
- 4 in advisory functions
- 3 state-registered reps
- Owns 75% or more of Marquette Asset Management, LLC
Marquette Wealth Management, LLC
Control person · since December 2017
- Owns 75% or more of Marquette Wealth Management, LLC
Christopher Vernier
Control person · since August 2017
Marquette Asset Management’s regulatory assets grew from $877M (March 2021) to $1.07B (September 2026); clients rose from 180 to 229 and employees were 8 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $1.07B | 229 | 8 | 2 |
| May 2025 | $817M | 244 | 7 | 1 |
| March 2024 | $712M | 237 | 8 | 1 |
| January 2023 | $570M | 221 | 8 | 1 |
| March 2022 | $811M | 203 | 8 | 1 |
| March 2021 | $877M | 180 | 8 | 1 |
Besides its headquarters, Marquette Asset Management has 1 office (1 private residence, listed without an address), with 1 listed address in Minnesota.
Minnesota · 1 listed address
- 11100 Wayzata BLVD., Suite 560, MinnetonkaHQ
Other business names
Marquette Asset Management has reported 1 other business name to the SEC.
- Marquette Wealth Management
Contact and registration details
- Legal name
- Marquette Asset Management, LLC
- Headquarters
- 11100 Wayzata BLVD., Suite 560, Minnetonka, MN 55305-9930
- Website
- marquettewm.com
- Phone
- 612-661-3770
- SEC file
- 801-107122
- Founded
- 2005
- Structure
- Delaware LLC
- Fiscal year end
- December
Marquette Asset Management uses Charles Schwab ($553M) as custodian for its separately managed accounts. Marquette Asset Management has custody of $609M in client assets for 313 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Franscisco, CA · $553M100%
At year end, Marquette Asset Management’s separately managed accounts were mostly in stocks (76%) and funds (17%).
What the accounts hold
- Stocks76%
- Funds17%
- Registered funds14%
- Pooled vehicles3%
- Bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash4%
How many clients does Marquette Asset Management have?
Marquette Asset Management has 229 clients and manages $1.07 billion for them, as of September 2026. They include 116 high-net-worth individuals, 95 individual clients and 7 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 September 2026
What services does Marquette Asset Management offer?
Marquette Asset Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, education planning, estate planning, philanthropic planning, retirement plan services, and tax 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 Marquette Asset Management charge?
Marquette Asset Management charges 0.50%–1.00% a year for its Wealth Management. Each asset band is charged at its own rate. The fee is billed in arrears.
Source: MARQUETTE WEALTH MANAGEMENT FORM ADV PART II, filed 28 September 2026
Which custodians does Marquette Asset Management use?
Marquette Asset Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Franscisco, CA), with $553M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 September 2026
How many financial advisors does Marquette Asset Management have?
Marquette Asset Management has 3 investment adviser representatives registered with state securities authorities, out of 8 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 Marquette Asset Management invest in?
At the end of its last fiscal year, Marquette Asset Management’s separately managed accounts held 76% exchange-traded equities, 14% registered funds (mutual funds, ETFs, BDCs), 4% cash and equivalents, 3% pooled vehicles (private funds and similar), 1% U.S. government and agency bonds, 1% state and local bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Marquette Asset Management?
Marquette Asset Management is owned through a holding company by Christopher Vernier. Its direct owner is Marquette Wealth Management, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 28 September 2026
How does Marquette Asset Management get paid?
Marquette Asset Management is paid through a percentage of assets under management. 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 Marquette Asset Management registered with the SEC?
Yes, Marquette Asset Management has been registered with the SEC as an investment adviser since 28 January 2016. Its CRD number is 282482 and its SEC file number is 801-107122.
Source: Form ADV Part 1A, Item 1, filed 28 September 2026; IAPD firm record
How do I contact Marquette Asset Management?
Marquette Asset Management’s main office is at 11100 Wayzata BLVD., Suite 560, Minnetonka, MN 55305-9930. Its phone number is 612-661-3770. Its website is marquettewm.com.