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Top 3 financial advisor firms in Rochester

3 SEC-registered financial advisor firms are headquartered in Rochester, MN, with $683M in combined regulatory assets under management. The largest by assets are Fortress Financial Group ($352M), Strategic Asset Management ($218M) and Superior Financial ($112M).

3
Financial advisor firms
$683M
Their combined AUM
$218M
Median firm AUM
681
Clients of the top 3

The 3 largest by assets

  1. 1
    Fortress Financial Group

    RIA

    $352M

  2. 2
    Strategic Asset Management

    RIA

    $218M

  3. 3
    Superior Financial

    RIA

    $112M

Profiles of the top 3

No. 1 · RIA

Fortress Financial Group

Fortress Financial Group is an investment adviser based in Rochester, MN, registered with the SEC since 2021. 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 $352 million, as filed on 26 August 2026.

Fortress Financial Group charges 0.45%–1.25% a year for its Wealth Management Services.

Regulatory AUM
$352M
Clients
330
Advisory staff
7
Founded
2007
Fee schedule
0.45% to 1.25% a year
Custodians
Fidelity
Headquarters
1610 14th Street NW, Suite 300, Rochester, MN 55901
Phone
507-529-1400
Website
retireandthrive.net

No. 2 · RIA

Strategic Asset Management

Strategic Asset Management is an investment adviser based in Rochester, MN, registered with the SEC since 2021. 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 $218 million, as filed on 22 September 2026.

Strategic Asset Management charges up to 2.00% a year for its Portfolio Management.

Regulatory AUM
$218M
Clients
231
Advisory staff
10
Founded
2019
Fee schedule
Up to 2.00% a year
Custodians
Charles Schwab
Headquarters
2434 Superior Drive NW, Suite 101, Rochester, MN 55901
Phone
888-526-8755
Website
strategicassetmgt.com

No. 3 · RIA

Superior Financial

Superior Financial is an investment adviser based in Rochester, MN, registered with the SEC since 2026. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $112 million, as filed on 24 April 2026.

Superior Financial charges 0.45%–0.95% a year for its Wealth Management Service.

Regulatory AUM
$112M
Clients
120
Advisory staff
1
Fee schedule
0.45% to 0.95% a year
Custodians
Charles Schwab
Headquarters
3265 19th Street NW, Suite 320, Rochester, MN 55901
Phone
507-316-0160
Website
superiorfinancialllc.com

Questions about financial advisors in Rochester

How many financial advisor firms are headquartered in Rochester?

3 SEC-registered financial advisor firms report their principal office in Rochester, MN, managing $683M in regulatory assets between them.

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

What is the largest financial advisor firm in Rochester?

Fortress Financial Group, with $352M in regulatory assets under management on its latest Form ADV. The next largest are Strategic Asset Management ($218M) and Superior Financial ($112M).

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

How large is a typical financial advisor firm in Rochester?

The median firm manages $218M in regulatory assets. That is the midpoint of the 3 firms headquartered in Rochester.

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

How much do financial advisors in Rochester charge?

Of the 3 largest firms, 3 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 Rochester?

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

Rochester has 3 financial advisor firms; see every adviser in the city →

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