Top 10 financial advisor firms in Bloomington

16 SEC-registered financial advisor firms are headquartered in Bloomington, MN, with $7.78B in combined regulatory assets under management. The largest by assets are JNBA Financial Advisors ($2.01B), Birchwood Financial Partners ($853M) and Stevens, Foster Financial Services ($750M).

16
Financial advisor firms: $7.78B
Their combined AUM: $369M
Median firm AUM: 6,448
Clients of the top 10

The 10 largest by assets

1
JNBA Financial Advisors
RIA
$2.01B
0.65% to 1.00% a year
2
Birchwood Financial Partners
RIA
$853M
0.75% to 1.50% a year
3
Stevens, Foster Financial Services
RIA
$750M
0.30% to 1.00% a year
4
Boyum Wealth Architects
RIA
$564M
Regulatory AUM
5
BGM Wealth Partners
RIA
$517M
Regulatory AUM
6
SBE LLC dba Cedar Cove Wealth Partners
RIA
$455M
Up to 2.00% a year
7
White Pine Capital
RIA
$431M
0.50% to 1.00% a year
8
Webb Advisors
RIA
$397M
0.50% to 1.40% a year
9
Petros Family Wealth
RIA
$342M
Regulatory AUM
10
Legacy Financial Advisors
RIA
$318M
0.70% to 1.25%

Profiles of the top 10

No. 1 · RIA

JNBA Financial Advisors

JNBA Financial Advisors is an investment adviser based in Bloomington, MN, registered with the SEC since 1984. 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 $2.01 billion, as filed on 22 September 2026.

JNBA Financial Advisors charges 0.65%–1.00% a year for its Investment advisory services.

Regulatory AUM: $2.01B
Clients: 1,115
Advisory staff: 31
Fee schedule: 0.65% to 1.00% a year
Custodians: Charles Schwab
Headquarters: 8500 Normandale Lake BLVD, Suite 450, Bloomington, MN 55437
Phone: 952-844-0995
Website: jnba.com

No. 2 · RIA

Birchwood Financial Partners

Birchwood Financial Partners is an investment adviser based in Bloomington, MN, registered with the SEC since 2014. 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 $853 million, as filed on 4 March 2026.

Birchwood Financial Partners charges 0.75%–1.50% a year for its Asset Management.

Regulatory AUM: $853M
Clients: 763
Advisory staff: 10
Founded: 1990
Fee schedule: 0.75% to 1.50% a year
Minimum account: $1,500,000
Custodians: Charles Schwab
Headquarters: 5601 Green Valley DR., Suite 600, Bloomington, MN 55437
Phone: 952-885-9088

No. 3 · RIA

Stevens, Foster Financial Services

Stevens, Foster Financial Services is an investment adviser based in Bloomington, MN, registered with the SEC since 2014. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $750 million, as filed on 30 March 2026.

Stevens, Foster Financial Services charges 0.30%–1.00% a year for its Asset Based Fees.

Regulatory AUM: $750M
Clients: 332
Advisory staff: 5
Founded: 1988
Fee schedule: 0.30% to 1.00% a year
Custodians: Charles Schwab, Fidelity
Headquarters: 7900 Xerxes Avenue South, Suite 1800, Bloomington, MN 55431
Phone: 952-843-4200
Website: stevensfoster.com

No. 4 · RIA

Boyum Wealth Architects

Boyum Wealth Architects is an investment adviser based in Bloomington, MN, registered with the SEC since 2018. 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 $564 million, as filed on 30 April 2026.

Regulatory AUM: $564M
Clients: 454
Advisory staff: 9
Custodians: Charles Schwab
Headquarters: 3050 Metro Drive, Suite 200, Bloomington, MN 55425
Phone: 651-289-6444
Website: myboyum.com

No. 5 · RIA

BGM Wealth Partners

BGM Wealth Partners is an investment adviser based in Bloomington, MN, registered with the SEC since 1996. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $517 million, as filed on 19 January 2026.

Regulatory AUM: $517M
Clients: 213
Advisory staff: 5
Custodians: Charles Schwab
Headquarters: 7900 International Drive, Suite 800, Bloomington, MN 55425
Phone: 952-844-2500
Website: bgm360.com

No. 6 · RIA

SBE LLC dba Cedar Cove Wealth Partners

SBE LLC dba Cedar Cove Wealth Partners is an investment adviser based in Bloomington, MN, registered with the SEC since 2025. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $455 million, as filed on 26 August 2026.

SBE LLC dba Cedar Cove Wealth Partners charges up to 2.00% a year for its Investment Management Services.

Regulatory AUM: $455M
Clients: 2,036
Advisory staff: 10
Fee schedule: Up to 2.00% a year
Custodians: Fidelity
Headquarters: 7900 Xerxes Ave S, Suite 1750, Bloomington, MN 55431
Phone: 952-358-3456
Website: cedarcovewealth.com

No. 7 · RIA

White Pine Capital

White Pine Capital is an investment adviser based in Bloomington, MN, registered with the SEC since 2000. It provides investment management. Its clients include high-net-worth individuals, other clients and charitable organizations. Its regulatory assets under management total $431 million, as filed on 31 March 2026.

White Pine Capital charges 0.50%–1.00% a year for its Wealth Management Services Accounts.

Regulatory AUM: $431M
Clients: 84
Advisory staff: 4
Fee schedule: 0.50% to 1.00% a year
Custodians: Fidelity, Charles Schwab
Headquarters: 3800 American BLVD West, Suite 645, Bloomington, MN 55431
Phone: 612-376-9765
Website: whitepinecapital.com

No. 8 · RIA

Webb Advisors

Webb Advisors is an investment adviser based in Bloomington, MN, registered with the SEC since 1991. It provides financial planning and investment management. Its clients include individual clients and high-net-worth individuals. Its regulatory assets under management total $397 million, as filed on 30 March 2026.

Webb Advisors charges 0.50%–1.40% a year for its Investment Advisory Services.

Regulatory AUM: $397M
Clients: 673
Advisory staff: 4
Fee schedule: 0.50% to 1.40% a year
Custodians: Charles Schwab, Fidelity
Headquarters: 8120 Penn Avenue South, Suite 177, Bloomington, MN 55431
Phone: 952-837-3200
Website: webbfinancial.com

No. 9 · RIA

Petros Family Wealth

Petros Family Wealth is an investment adviser based in Bloomington, MN, registered with the SEC since 2022. 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 $342 million, as filed on 27 February 2026.

Regulatory AUM: $342M
Clients: 533
Advisory staff: 8
Custodians: Wells Fargo Clearing Services
Headquarters: 8500 Normandale Lake BLVD, Suite 850, Bloomington, MN 55437
Phone: 612-643-9995
Website: petrosfw.com

No. 10 · RIA

Legacy Financial Advisors

Legacy Financial Advisors is an investment adviser based in Bloomington, MN, registered with the SEC since 2003. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $318 million, as filed on 11 February 2026.

Legacy Financial Advisors charges 0.70%–1.25% for its Wealth Management Fees. The brochure does not state whether the rate is annual.

Regulatory AUM: $318M
Clients: 245
Advisory staff: 2
Founded: 1996
Fee schedule: 0.70% to 1.25%
Custodians: Charles Schwab
Headquarters: 3500 American BLVD West, Suite 675, Bloomington, MN 55431
Phone: 952-893-5555
Website: lfamn.com

Questions about financial advisors in Bloomington

How many financial advisor firms are headquartered in Bloomington?

16 SEC-registered financial advisor firms report their principal office in Bloomington, MN, managing $7.78B in regulatory assets between them. The other 5 advisers headquartered in the city 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 Bloomington?

JNBA Financial Advisors, with $2.01B in regulatory assets under management on its latest Form ADV. The next largest are Birchwood Financial Partners ($853M) and Stevens, Foster Financial Services ($750M).

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

How large is a typical financial advisor firm in Bloomington?

The median firm manages $369M in regulatory assets. That is the midpoint of the 16 firms headquartered in Bloomington.

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

How much do financial advisors in Bloomington charge?

Of the 10 largest firms, 7 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 1.00% to 2.00% 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 Bloomington?

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 city 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 city.

Source: Niva directory methodology

Bloomington has 16 financial advisor firms; see every adviser in the city →

The 10 largest by assets

Profiles of the top 10

Questions about financial advisors in Bloomington

Top financial advisor firms in other Minnesota cities