Top 9 financial advisor firms in Minnetonka

9 SEC-registered financial advisor firms are headquartered in Minnetonka, MN, with $7.31B in combined regulatory assets under management. The largest by assets are Marks Group Wealth Management ($2.02B), BlueStem Wealth Partners ($1.12B) and Marquette Asset Management ($1.07B).

9
Financial advisor firms: $7.31B
Their combined AUM: $710M
Median firm AUM: 4,328
Clients of the top 9

The 9 largest by assets

1
Marks Group Wealth Management
RIA
$2.02B
0.15% to 2.00% a year
2
BlueStem Wealth Partners
RIA
$1.12B
Up to 1.75% a year
3
Marquette Asset Management
RIA
$1.07B
0.50% to 1.00% a year
4
The Advocate Group
RIA
$810M
0.35% to 0.95% a year
5
Navista Wealth Management
RIA
$710M
0.50% to 0.95% a year
6
Cherry Tree Wealth Management
RIA
$673M
0.32% to 1.00% a year
7
Legacies Wealth
RIA
$505M
0.40% to 1.25% a year
8
E-Wealth Partners
RIA
$219M
Up to 2.00% a year
9
Quantitative Asset Management
RIA
$187M
0.65% to 1.00% a year

Profiles of the top 9

No. 1 · RIA

Marks Group Wealth Management

Marks Group Wealth Management is an investment adviser based in Minnetonka, MN, registered with the SEC since 2008. It provides financial planning and investment management. Its clients include high-net-worth individuals, charitable organizations, and pension and profit-sharing plans. Its regulatory assets under management total $2.02 billion, as filed on 14 September 2026.

Marks Group Wealth Management charges 0.15%–2.00% a year for its Investment Management and Wealth Management Fee.

Regulatory AUM: $2.02B
Clients: 809
Advisory staff: 9
Fee schedule: 0.15% to 2.00% a year
Minimum account: $1,000,000
Custodians: Charles Schwab, Fidelity
Headquarters: 4350 Baker Road, Suite 245, Minnetonka, MN 55343
Phone: 952-582-6100
Website: marksgroup.com

No. 2 · RIA

BlueStem Wealth Partners

BlueStem Wealth Partners is an investment adviser based in Minnetonka, MN, registered with the SEC since 2023. 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 $1.12 billion, as filed on 25 March 2026.

BlueStem Wealth Partners charges up to 1.75% a year for its Investment management services.

Regulatory AUM: $1.12B
Clients: 1,687
Advisory staff: 18
Fee schedule: Up to 1.75% a year
Custodians: Charles Schwab
Headquarters: 13100 Wayzata BLVD., Suite #140, Minnetonka, MN 55305
Phone: 612-464-0372
Website: bluestemwealthpartners.com

No. 3 · RIA

Marquette Asset Management

Marquette Asset Management is an investment adviser based in Minnetonka, MN, registered with the SEC since 2016. 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 $1.07 billion, as filed on 28 September 2026.

Marquette Asset Management charges 0.50%–1.00% a year for its Wealth Management.

Regulatory AUM: $1.07B
Clients: 229
Advisory staff: 4
Founded: 2005
Fee schedule: 0.50% to 1.00% a year
Custodians: Charles Schwab
Headquarters: 11100 Wayzata BLVD., Suite 560, Minnetonka, MN 55305-9930
Phone: 612-661-3770
Website: marquettewm.com

No. 4 · RIA

The Advocate Group

The Advocate Group is an investment adviser based in Minnetonka, MN, registered with the SEC since 2011. It provides financial planning and investment management. Its clients include high-net-worth individuals, charitable organizations and individual clients. Its regulatory assets under management total $810 million, as filed on 19 September 2026.

The Advocate Group charges 0.35%–0.95% a year for its Investment management.

Regulatory AUM: $810M
Clients: 394
Advisory staff: 11
Founded: 2002
Fee schedule: 0.35% to 0.95% a year
Custodians: Charles Schwab
Headquarters: 701 Carlson Parkway, Suite 520, Minnetonka, MN 55305
Phone: 952-693-2630
Website: theadvocategroup.com

No. 5 · RIA

Navista Wealth Management

Navista Wealth Management is an investment adviser based in Minnetonka, MN, registered with the SEC since 2024. 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 $710 million, as filed on 5 March 2026.

Navista Wealth Management charges 0.50%–0.95% a year for its Investment Advisory Services.

Regulatory AUM: $710M
Clients: 402
Advisory staff: 3
Founded: 2024
Fee schedule: 0.50% to 0.95% a year
Custodians: Raymond James
Headquarters: 10900 Wayzata BLVD., Suite 720, Minnetonka, MN 55305
Phone: 612-315-2400
Website: navistawealth.com

No. 6 · RIA

Cherry Tree Wealth Management

Cherry Tree Wealth Management is an investment adviser based in Minnetonka, MN, registered with the SEC since 2009. 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 $673 million, as filed on 27 March 2026.

Cherry Tree Wealth Management charges 0.32%–1.00% a year for its Portfolio Management Service.

Regulatory AUM: $673M
Clients: 334
Advisory staff: 9
Founded: 2009
Fee schedule: 0.32% to 1.00% a year
Custodians: Charles Schwab, Fidelity
Headquarters: 301 Carlson Parkway, Suite 103, Minnetonka, MN 55305
Phone: 952-893-9012
Website: cherrytreewealth.com

No. 7 · RIA

Legacies Wealth

Legacies Wealth is an investment adviser based in Minnetonka, 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 $505 million, as filed on 29 May 2026.

Legacies Wealth charges 0.40%–1.25% a year for its Portfolio management services.

Regulatory AUM: $505M
Clients: 87
Advisory staff: 3
Fee schedule: 0.40% to 1.25% a year
Minimum account: $3,000,000
Custodians: Fidelity
Headquarters: 601 Carlson Parkway, Suite 1400, Minnetonka, MN 55305
Phone: 612-376-4040

No. 8 · RIA

E-Wealth Partners

E-Wealth Partners is an investment adviser based in Minnetonka, MN, registered with the SEC since 2025. 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 $219 million, as filed on 23 April 2026.

E-Wealth Partners charges up to 2.00% a year for its Investment Management Services.

Regulatory AUM: $219M
Clients: 231
Advisory staff: 5
Fee schedule: Up to 2.00% a year
Custodians: Charles Schwab
Headquarters: 12301 Whitewater DR., Suite 40, Minnetonka, MN 55343
Phone: 952-800-2121
Website: e-wealthpartners.com

No. 9 · RIA

Quantitative Asset Management

Quantitative Asset Management is an investment adviser based in Minnetonka, MN, registered with the SEC since 2007. It provides investment management. Its clients include high-net-worth individuals, individual clients and charitable organizations. Its regulatory assets under management total $187 million, as filed on 27 March 2026.

Quantitative Asset Management charges 0.65%–1.00% a year for its Asset Management.

Regulatory AUM: $187M
Clients: 155
Advisory staff: 2
Fee schedule: 0.65% to 1.00% a year
Custodians: Charles Schwab
Headquarters: 4350 Baker Road, Suite 160, Minnetonka, MN 55343
Phone: 952-476-7855
Website: qamgmt.com

Questions about financial advisors in Minnetonka

How many financial advisor firms are headquartered in Minnetonka?

9 SEC-registered financial advisor firms report their principal office in Minnetonka, MN, managing $7.31B in regulatory assets between them. The other 9 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 Minnetonka?

Marks Group Wealth Management, with $2.02B in regulatory assets under management on its latest Form ADV. The next largest are BlueStem Wealth Partners ($1.12B) and Marquette Asset Management ($1.07B).

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

How large is a typical financial advisor firm in Minnetonka?

The median firm manages $710M in regulatory assets. That is the midpoint of the 9 firms headquartered in Minnetonka.

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

How much do financial advisors in Minnetonka charge?

Of the 9 largest firms, 9 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 0.95% 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 Minnetonka?

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

Minnetonka has 9 financial advisor firms; see every adviser in the city →

The 9 largest by assets

Profiles of the top 9

Questions about financial advisors in Minnetonka

Top financial advisor firms in other Minnesota cities