Trailhead Planners provides financial planning, portfolio management for individuals and small businesses, and selecting other managers. Financial planning was provided to 26–50 clients last fiscal year.
Trailhead Planners reports 151 clients. They include 108 individual clients and 43 high-net-worth individuals. Nearly all assets ($188M across 588 accounts) are managed with discretion; $58.4K across 6 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 72% | 30% |
| High-net-worth individuals | 28% | 69% |
| 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) | 108 | $57.4M | 30.5% | $532K |
| High-net-worth individuals | 43 | $130M | 69.1% | $3.03M |
| Corporations and other businesses | Fewer than 5 | $788K | 0.4% | — |
| Total | 151 | $188M | 100% | — |
- Clients
- 108
- Regulatory AUM
- $57.4M
- AUM share
- 30.5%
- Avg. per client
- $532K
- Clients
- 43
- Regulatory AUM
- $130M
- AUM share
- 69.1%
- Avg. per client
- $3.03M
- Clients
- Fewer than 5
- Regulatory AUM
- $788K
- AUM share
- 0.4%
- Avg. per client
- —
Total
- Clients
- 151
- Regulatory AUM
- $188M
- 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
- 26–50
Trailhead Planners is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- 3 Steps to Embark Financial Planning
- The 3 Steps to Embark financial planning engagement starts at $6,000, half payable at commencement and half within 30 days of the last meeting; the fee is negotiable or may be waived.
- Financial Planning Hourly Fee
- Hourly or fixed project financial planning is charged at an hourly rate of $300 to $500, negotiable, with an estimate given before contract signing.
- Retirement Plan Consulting Services
- Retirement plan consulting is charged as a percentage of plan assets or a fixed annual fee, ranging from 0.25% to 1.25% annually, billed quarterly in advance.
Morgan Ranstrom owns 50% to 75% of Trailhead Planners. The leadership team of Trailhead Planners includes Chief Compliance Officer William Mulvahill. It has 4 employees, 3 of them in advisory roles.
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 50% to 75% of Trailhead Planners, LLC
Morgan Ranstrom
Control person · since July 2016
- Owns 50% to 75% of Trailhead Planners, LLC
William Mulvahill
Control person · since January 2020
Trailhead Planners’ regulatory assets grew 1.6× from $119M (March 2024) to $188M (July 2026); clients rose from 121 to 151 and employees were 4 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jul 2026July 2026 | $188M | 151 | 4 | 2 |
| Mar 2025March 2025 | $149M | 135 | 4 | 2 |
| Mar 2024March 2024 | $119M | 121 | 4 | 2 |
Besides its headquarters, Trailhead Planners has 1 office, with 2 listed addresses across 2 states.
Minnesota · 1 listed address
- 5151 Edina Industrial BLVD., Suite 200, EdinaHQ
Oregon · 1 listed address
- 819 Se Morrison St., Portland
Contact and registration details
- Legal name
- Trailhead Planners, LLC
- Headquarters
- 5151 Edina Industrial BLVD., Suite 200, Edina, MN 55439
- Website
- trailheadplanners.com
- Phone
- 503-773-9682
- @trailhead-planners-llc
- SEC file
- 801-129254
- Structure
- Oregon LLC
- Fiscal year end
- December
Trailhead Planners’ named custodian for separately managed accounts is Charles Schwab ($187M). Trailhead Planners does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $187M100%
At year end, Trailhead Planners’ separately managed accounts were mostly in funds (91%). Its reported 13F holdings for the quarter ended 30 June 2026 total $103M across 57 positions; the largest are Dimensional ETF Trust (10.5%), American Centy ETF TR (10.3%) and Dimensional ETF Trust (9.3%).
What the accounts hold
- Stocks8%
- Exchange-traded equities7%
- Non-exchange-traded equities1%
- Funds91%
- Registered funds90%
- Pooled vehicles1%
- Bonds1%
- Cash2%
How many clients does Trailhead Planners have?
Trailhead Planners has 151 clients and manages $188 million for them, as of July 2026. They include 108 individual clients and 43 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 July 2026
What services does Trailhead Planners offer?
Trailhead Planners 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
Which custodians does Trailhead Planners use?
Trailhead Planners’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $187M. 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 July 2026
How many financial advisors does Trailhead Planners have?
Trailhead Planners has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 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 Trailhead Planners invest in?
At the end of its last fiscal year, Trailhead Planners’ separately managed accounts held 90% registered funds (mutual funds, ETFs, BDCs), 7% exchange-traded equities, 2% cash and equivalents, 1% non-exchange-traded equities, 1% state and local bonds and 1% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Trailhead Planners?
Trailhead Planners’ direct owners are Morgan Ranstrom (50% to 75%) and William Mulvahill (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 6 July 2026
How does Trailhead Planners get paid?
Trailhead Planners is paid through a percentage of assets under management, hourly charges 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 Trailhead Planners?
Trailhead Planners’ main office is at 5151 Edina Industrial BLVD., Suite 200, Edina, MN 55439. Its phone number is 503-773-9682. Its website is trailheadplanners.com.
