Top 10 financial advisor firms in Minneapolis

27 SEC-registered financial advisor firms are headquartered in Minneapolis, MN, with $45.5B in combined regulatory assets under management. The largest by assets are Cliftonlarsonallen Wealth Advisors ($14.4B), Northrock Partners ($12.2B) and Compass Capital Management ($2.56B).

27
Financial advisor firms: $45.5B
Their combined AUM: $577M
Median firm AUM: 20,711
Clients of the top 10

The 10 largest by assets

1
Cliftonlarsonallen Wealth Advisors
RIA
$14.4B
0.40% to 1.10% a year
2
Northrock Partners
RIA
$12.2B
0.50% to 1.50% a year
3
Compass Capital Management
RIA
$2.56B
0.50% to 1.00% a year
4
Capital Management Associates
RIA
$1.88B
Regulatory AUM
5
Redhawk Wealth Advisors
RIA
$1.46B
Up to 1.75% a year
6
Palisade Asset Management
RIA
$1.27B
0.50% to 1.00% a year
7
Financial Perspectives
RIA
$1.17B
Regulatory AUM
8
Parr McKnight Wealth Management Group
RIA
$1.07B
0.35% to 1.50% a year
9
Everest Financial Group
RIA
$1B
Up to 2.25% a year
10
All Star Financial
RIA
$882M
0.80% to 1.40% a year

Profiles of the top 10

No. 1 · 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. 2 · 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. 3 · 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. 4 · RIA

Capital Management Associates

Capital Management Associates is an investment adviser based in Minneapolis, MN, registered with the SEC since 1990. 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 $1.88 billion, as filed on 17 March 2026.

Regulatory AUM: $1.88B
Clients: 932
Advisory staff: 17
Founded: 1982
Custodians: Charles Schwab
Headquarters: 7900 Xerxes Ave. S, Ste 500, Minneapolis, MN 55431-1120
Phone: 952-893-1200

No. 5 · RIA

Redhawk Wealth Advisors

Redhawk Wealth Advisors is an investment adviser based in Minneapolis, MN, registered with the SEC since 2008. 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 $1.46 billion, as filed on 23 September 2026.

Redhawk Wealth Advisors charges up to 1.75% a year for its Wealth management fees.

Regulatory AUM: $1.46B
Clients: 3,205
Advisory staff: 47
Fee schedule: Up to 1.75% a year
Custodians: Charles Schwab
Headquarters: 8500 Normandale Lake BLVD, Suite 960, Minneapolis, MN 55437
Phone: 952-835-4295
Website: redhawkwa.com

No. 6 · RIA

Palisade Asset Management

Palisade Asset Management is an investment adviser based in Minneapolis, MN, registered with the SEC since 2005. It provides financial planning and investment management. Its clients include high-net-worth individuals, charitable organizations, and corporations and other businesses. Its regulatory assets under management total $1.27 billion, as filed on 10 July 2026.

Palisade Asset Management charges 0.50%–1.00% a year for its Individual Portfolio Management.

Regulatory AUM: $1.27B
Clients: 118
Advisory staff: 5
Fee schedule: 0.50% to 1.00% a year
Minimum account: $1,000,000
Custodians: Charles Schwab
Headquarters: 100 South Fifth Street, Suite 420, Minneapolis, MN 55402
Phone: 612-455-2900
Website: palisadeam.com

No. 7 · RIA

Financial Perspectives

Financial Perspectives is an investment adviser based in Minneapolis, MN, registered with the SEC since 2015. 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 $1.17 billion, as filed on 25 March 2026.

Regulatory AUM: $1.17B
Clients: 737
Advisory staff: 14
Custodians: Fidelity
Headquarters: 3300 Fernbrook LN N, Suite 250, Minneapolis, MN 55447-5341
Phone: 763-553-7779
Website: fpwealth.com

No. 8 · RIA

Parr McKnight Wealth Management Group

Parr McKnight Wealth Management Group is an investment adviser based in Minneapolis, MN, registered with the SEC since 2024. 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 $1.07 billion, as filed on 30 September 2026.

Parr McKnight Wealth Management Group charges 0.35%–1.50% a year for its Investment Management Services.

Regulatory AUM: $1.07B
Clients: 613
Advisory staff: 10
Fee schedule: 0.35% to 1.50% a year
Minimum account: $2,500,000
Custodians: Trade-PMR
Headquarters: 333 S 7th Street, Suite 2370, Minneapolis, MN 55402
Phone: 612-324-0240
Website: parrmcknightwmg.com

No. 9 · RIA

Everest Financial Group

Everest Financial Group is an investment adviser based in Minneapolis, MN, registered with the SEC since 2007. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $1 billion, as filed on 30 March 2026.

Everest Financial Group charges up to 2.25% a year for its Investment Management Services.

Regulatory AUM: $1B
Clients: 1,940
Advisory staff: 12
Fee schedule: Up to 2.25% a year
Custodians: Charles Schwab
Headquarters: 701 Xenia Ave S, Suite 250, Minneapolis, MN 55416-1029
Phone: 763-923-7525

No. 10 · RIA

All Star Financial

All Star Financial is an investment adviser based in Minneapolis, MN, registered with the SEC since 2022. 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 $882 million, as filed on 6 February 2026.

All Star Financial charges 0.80%–1.40% a year for its Assets Under Management.

Regulatory AUM: $882M
Clients: 558
Advisory staff: 5
Fee schedule: 0.80% to 1.40% a year
Minimum account: $500,000
Custodians: Fidelity, Charles Schwab
Headquarters: 3800 American BLVD West, Suite 620, Minneapolis, MN 55431
Phone: 952-896-3820

Questions about financial advisors in Minneapolis

How many financial advisor firms are headquartered in Minneapolis?

27 SEC-registered financial advisor firms report their principal office in Minneapolis, MN, managing $45.5B in regulatory assets between them. The other 45 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 Minneapolis?

Cliftonlarsonallen Wealth Advisors, with $14.4B in regulatory assets under management on its latest Form ADV. The next largest are Northrock Partners ($12.2B) and Compass Capital Management ($2.56B).

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

How large is a typical financial advisor firm in Minneapolis?

The median firm manages $577M in regulatory assets. That is the midpoint of the 27 firms headquartered in Minneapolis.

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

How much do financial advisors in Minneapolis charge?

Of the 10 largest firms, 8 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 1.00% to 2.25% 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 Minneapolis?

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

Minneapolis has 27 financial advisor firms; see every adviser in the city →

The 10 largest by assets

Profiles of the top 10

Questions about financial advisors in Minneapolis

Top financial advisor firms in other Minnesota cities