Top 10 financial advisor firms in Minnesota

169 SEC-registered financial advisor firms are headquartered in Minnesota, with $260B in combined regulatory assets under management. The largest by assets are Wealth Enhancement Advisory Services ($122B), Cliftonlarsonallen Wealth Advisors ($14.4B) and Northrock Partners ($12.2B).

169
Financial advisor firms: $260B
Their combined AUM: $383M
Median firm AUM: 109,158
Clients of the top 10

The 10 largest by assets

1
Wealth Enhancement Advisory Services
RIA
$122B
Up to 2.00% a year
2
Cliftonlarsonallen Wealth Advisors
RIA
$14.4B
0.40% to 1.10% a year
3
Northrock Partners
RIA
$12.2B
0.50% to 1.50% a year
4
Fiduciary Counselling
RIA
$10.1B
0.08% to 0.70%
5
Accredited Investors
RIA
$4.41B
0.25% to 1.00% a year
6
Boulay Financial Advisors
RIA
$3.01B
0.60% to 1.95% a year
7
Berger Financial Group
RIA
$2.95B
0.25% to 2.25% a year
8
Tradition Wealth Management
RIA
$2.6B
1.50% to 2.00% a year
9
Compass Capital Management
RIA
$2.56B
0.50% to 1.00% a year
10
Stonebridge Capital Advisors
RIA
$2.52B
1.75% to 1.90% a year

Profiles of the top 10

No. 1 · RIA

Wealth Enhancement Advisory Services

Wealth Enhancement Advisory Services is an investment adviser based in Plymouth, MN, registered with the SEC since 2001. It provides financial planning and investment management. Its clients include individual clients, high-net-worth individuals, and pension and profit-sharing plans. Its regulatory assets under management total $122 billion, as filed on 20 August 2026.

Wealth Enhancement Advisory Services charges up to 2.00% a year for its Investment Management Services.

Regulatory AUM: $122B
Clients: 85,001
Advisory staff: 850
Founded: 2001
Fee schedule: Up to 2.00% a year
Custodians: Charles Schwab, Fidelity
Headquarters: 505 N Highway 169, Suite 900, Plymouth, MN 55441
Phone: 763-417-1700
Website: wealthenhancement.com

No. 2 · RIA

Cliftonlarsonallen Wealth Advisors

Cliftonlarsonallen Wealth Advisors is an investment adviser based in Minneapolis, MN, registered with the SEC since 2000. It provides financial planning and investment management. Its clients include high-net-worth individuals, pension and profit-sharing plans, and individual clients. Its regulatory assets under management total $14.4 billion, as filed on 31 March 2026.

Cliftonlarsonallen Wealth Advisors charges 0.40%–1.10% a year for its Asset management services.

Regulatory AUM: $14.4B
Clients: 7,354
Advisory staff: 81
Fee schedule: 0.40% to 1.10% a year
Headquarters: 220 South 6th Street, Suite 300, Minneapolis, MN 55402-1418
Phone: 612-376-4777
Website: claconnect.com

No. 3 · RIA

Northrock Partners

Northrock Partners is an investment adviser based in Minneapolis, MN, registered with the SEC since 2013. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and corporations and other businesses. Its regulatory assets under management total $12.2 billion, as filed on 18 September 2026.

Northrock Partners charges 0.50%–1.50% a year for its Advisory Services Program Fee.

Regulatory AUM: $12.2B
Clients: 4,811
Advisory staff: 91
Fee schedule: 0.50% to 1.50% a year
Custodians: Charles Schwab, Fidelity
Headquarters: 225 South Sixth Street, Suite 1400, Minneapolis, MN 55402
Phone: 612-367-8800
Website: northrockpartners.com

No. 4 · RIA

Fiduciary Counselling

Fiduciary Counselling is an investment adviser based in St Paul, MN, registered with the SEC since 1966. It provides financial planning and investment management. Its clients include high-net-worth individuals, corporations and other businesses, and individual clients. Its regulatory assets under management total $10.1 billion, as filed on 17 March 2026.

Fiduciary Counselling charges 0.08%–0.70% for its Investment advisory and inclusive services. The brochure does not state whether the rate is annual.

Regulatory AUM: $10.1B
Clients: 1,761
Advisory staff: 18
Fee schedule: 0.08% to 0.70%
Custodians: Fidelity
Headquarters: 30 East 7th Street, Suite 2000, St Paul, MN 55101-4930
Phone: 651-228-0935

No. 5 · RIA

Accredited Investors

Accredited Investors is an investment adviser based in Edina, MN, registered with the SEC since 1989. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients and charitable organizations. Its regulatory assets under management total $4.41 billion, as filed on 6 August 2026.

Accredited Investors charges 0.25%–1.00% a year for its Advisory fee.

Regulatory AUM: $4.41B
Clients: 947
Advisory staff: 4
Fee schedule: 0.25% to 1.00% a year
Custodians: Charles Schwab
Headquarters: 5200 West 73rd Street, Edina, MN 55439-2204
Phone: 952-841-2222
Website: accredited.com

No. 6 · RIA

Boulay Financial Advisors

Boulay Financial Advisors is an investment adviser based in Eden Prairie, MN, registered with the SEC since 2001. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and pension and profit-sharing plans. Its regulatory assets under management total $3.01 billion, as filed on 19 August 2026.

Boulay Financial Advisors charges 0.60%–1.95% a year for its Investment Advisory Program.

Regulatory AUM: $3.01B
Clients: 1,123
Advisory staff: 31
Founded: 2001
Fee schedule: 0.60% to 1.95% a year
Custodians: Charles Schwab, Fidelity
Headquarters: 11095 Viking Drive, Suite 500, Eden Prairie, MN 55344
Phone: 952-893-9320
Website: boulayfinancialadvisors.com

No. 7 · RIA

Berger Financial Group

Berger Financial Group is an investment adviser based in Plymouth, MN, registered with the SEC since 2020. It provides financial planning and investment management. Its clients include individual clients, high-net-worth individuals, and corporations and other businesses. Its regulatory assets under management total $2.95 billion, as filed on 3 September 2026.

Berger Financial Group charges 0.25%–2.25% a year for its Assets Under Management (AUM) Fees.

Regulatory AUM: $2.95B
Clients: 3,800
Advisory staff: 57
Founded: 1996
Fee schedule: 0.25% to 2.25% a year
Custodians: Charles Schwab
Headquarters: 1695 State Hwy 169 N, Plymouth, MN 55441
Phone: 763-746-2666

No. 8 · RIA

Tradition Wealth Management

Tradition Wealth Management is an investment adviser based in Edina, MN, registered with the SEC since 2004. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and pension and profit-sharing plans. Its regulatory assets under management total $2.6 billion, as filed on 12 June 2026.

Tradition Wealth Management charges 1.50%–2.00% a year for its Asset Management Program.

Regulatory AUM: $2.6B
Clients: 2,244
Advisory staff: 30
Founded: 2003
Fee schedule: 1.50% to 2.00% a year
Custodians: Charles Schwab
Headquarters: 7601 France Avenue South, Suite 100, Edina, MN 55435
Phone: 952-563-6500
Website: traditionwealthmanagement.com

No. 9 · RIA

Compass Capital Management

Compass Capital Management is an investment adviser based in Minneapolis, MN, registered with the SEC since 1988. It provides financial planning and investment management. Its clients include high-net-worth individuals, corporations and other businesses, and pension and profit-sharing plans. Its regulatory assets under management total $2.56 billion, as filed on 26 March 2026.

Compass Capital Management charges 0.50%–1.00% a year for its Balanced and equity accounts.

Regulatory AUM: $2.56B
Clients: 443
Advisory staff: 10
Fee schedule: 0.50% to 1.00% a year
Custodians: Charles Schwab
Headquarters: 706 Second Avenue South, Suite 400, Minneapolis, MN 55402
Phone: 612-338-4051
Website: compasscap.com

No. 10 · RIA

Stonebridge Capital Advisors

Stonebridge Capital Advisors is an investment adviser based in St. Paul, MN, registered with the SEC since 1997. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients and insurance companies. Its regulatory assets under management total $2.52 billion, as filed on 30 March 2026.

Stonebridge Capital Advisors charges 1.75%–1.90% a year for its Investment & Private Wealth Management Services.

Regulatory AUM: $2.52B
Clients: 1,674
Advisory staff: 13
Fee schedule: 1.75% to 1.90% a year
Custodians: Charles Schwab, Pershing, Fidelity
Headquarters: 2550 University Avenue West, Suite 455-S, St. Paul, MN 55114-1017
Phone: 651-251-1000
Website: stonebridgecap.com

Questions about financial advisors in Minnesota

How many financial advisor firms are headquartered in Minnesota?

169 SEC-registered financial advisor firms report their principal office in Minnesota, managing $260B in regulatory assets between them. The other 90 advisers headquartered in the state are broker-dealers, other kinds of wealth firm, or fund and institutional managers.

Source: Form ADV Part 1A, Items 1.F, 5.D and 5.F

What is the largest financial advisor firm in Minnesota?

Wealth Enhancement Advisory Services, with $122B in regulatory assets under management on its latest Form ADV. The next largest are Cliftonlarsonallen Wealth Advisors ($14.4B) and Northrock Partners ($12.2B).

Source: Form ADV Part 1A, Item 5.F

How large is a typical financial advisor firm in Minnesota?

The median firm manages $383M in regulatory assets. That is the midpoint of the 169 firms headquartered in Minnesota.

Source: Form ADV Part 1A, Item 5.F

How much do financial advisors in Minnesota charge?

Of the 10 largest firms, 10 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 0.70% to 2.25% of assets, depending on the firm; each firm's fee is in its profile above.

Source: Form ADV Part 2A brochures, Item 5

How can I check a financial advisor's record in Minnesota?

Search the firm or the person on the SEC's Investment Adviser Public Disclosure site, adviserinfo.sec.gov, which shows registrations, Form ADV filings and any disclosures. Each firm profile in this directory links its SEC record.

Source: SEC Investment Adviser Public Disclosure

How is this list ordered?

By regulatory assets under management as filed on Form ADV, largest first. A firm is included when its principal office is in the state and most of its client assets belong to individuals and its type is RIA, which leaves out broker-dealers, wirehouses, RIA networks, digital advice, bank, insurance and family-office firms. A firm with only a branch office here is listed in its own headquarters state.

Source: Niva directory methodology

Minnesota has 169 financial advisor firms; see every adviser in the state →

The 10 largest by assets

Profiles of the top 10

Questions about financial advisors in Minnesota

Top financial advisor firms by city in Minnesota