Top 6 financial advisor firms in Wayzata

6 SEC-registered financial advisor firms are headquartered in Wayzata, MN, with $1.99B in combined regulatory assets under management. The largest by assets are 360 Financial ($701M), Fiat Wealth Management ($517M) and Pack Private Wealth ($326M).

6
Financial advisor firms: $1.99B
Their combined AUM: $241M
Median firm AUM: 2,372
Clients of the top 6

The 6 largest by assets

1
360 Financial
RIA
$701M
0.40% to 1.60% a year
2
Fiat Wealth Management
RIA
$517M
Up to 2.00% a year
3
Pack Private Wealth
RIA
$326M
0.50% to 1.50% a year
4
Bannerstone Capital Management
RIA
$155M
1.00% to 1.00% a year
5
Perkins Capital Management
RIA
$148M
Regulatory AUM
6
Somerset Group
RIA
$146M
0.75% to 1.50% a year

Profiles of the top 6

No. 1 · RIA

360 Financial

360 Financial is an investment adviser based in Wayzata, 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 $701 million, as filed on 12 May 2026.

360 Financial charges 0.40%–1.60% a year for its 360 Asset Management.

Regulatory AUM: $701M
Clients: 1,206
Advisory staff: 10
Fee schedule: 0.40% to 1.60% a year
Custodians: LPL Financial
Headquarters: 849 Lake Street East, Wayzata, MN 55391
Phone: 952-542-8900
Website: 360financial.net

No. 2 · RIA

Fiat Wealth Management

Fiat Wealth Management is an investment adviser based in Wayzata, MN, registered with the SEC since 2022. 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 14 July 2026.

Fiat Wealth Management charges up to 2.00% a year for its Portfolio Management Services Fees.

Regulatory AUM: $517M
Clients: 647
Advisory staff: 13
Founded: 2022
Fee schedule: Up to 2.00% a year
Minimum account: $250,000
Custodians: Charles Schwab
Headquarters: 1905 Wayzata BLVD, Suite 320, Wayzata, MN 55391
Phone: 952-426-9116
Website: fiatwm.com

No. 3 · RIA

Pack Private Wealth

Pack Private Wealth is an investment adviser based in Wayzata, MN, registered with the SEC since 2020. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $326 million, as filed on 12 March 2026.

Pack Private Wealth charges 0.50%–1.50% a year for its Wealth Management Services.

Regulatory AUM: $326M
Clients: 222
Advisory staff: 2
Fee schedule: 0.50% to 1.50% a year
Custodians: Charles Schwab
Headquarters: 1905 Wayzata BLVD., Suite 320, Wayzata, MN 55391
Phone: 952-563-9811

No. 4 · RIA

Bannerstone Capital Management

Bannerstone Capital Management is an investment adviser based in Wayzata, 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 $155 million, as filed on 16 March 2026.

Bannerstone Capital Management charges 1.00% a year for its Managed equity accounts.

Regulatory AUM: $155M
Clients: 106
Advisory staff: 3
Fee schedule: 1.00% to 1.00% a year
Custodians: Charles Schwab
Headquarters: 328 Barry Avenue South, Suite 210, Wayzata, MN 55391
Phone: 952-249-8888
Website: bannerstonecapital.com

No. 5 · RIA

Perkins Capital Management

Perkins Capital Management is an investment adviser based in Wayzata, MN, registered with the SEC since 1984. It provides investment management. Its clients include high-net-worth individuals, individual clients and charitable organizations. Its regulatory assets under management total $148 million, as filed on 24 July 2026.

Regulatory AUM: $148M
Clients: 133
Advisory staff: 3
Custodians: RBC Capital Markets
Headquarters: 730 Lake Street East, Wayzata, MN 55391-1769
Phone: 952-473-8367
Website: perkinscapital.com

No. 6 · RIA

Somerset Group

Somerset Group is an investment adviser based in Wayzata, MN, registered with the SEC since 2012. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $146 million, as filed on 19 March 2026.

Somerset Group charges 0.75%–1.50% a year for its Fee on assets under management.

Regulatory AUM: $146M
Clients: 58
Advisory staff: 2
Fee schedule: 0.75% to 1.50% a year
Custodians: Charles Schwab, U.S. Bank, NA
Headquarters: 15600 Wayzata BLVD, Suite 304, Wayzata, MN 55391
Phone: 952-681-7254
Website: somerset-group.com

Questions about financial advisors in Wayzata

How many financial advisor firms are headquartered in Wayzata?

6 SEC-registered financial advisor firms report their principal office in Wayzata, MN, managing $1.99B 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 Wayzata?

360 Financial, with $701M in regulatory assets under management on its latest Form ADV. The next largest are Fiat Wealth Management ($517M) and Pack Private Wealth ($326M).

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

How large is a typical financial advisor firm in Wayzata?

The median firm manages $241M in regulatory assets. That is the midpoint of the 6 firms headquartered in Wayzata.

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

How much do financial advisors in Wayzata charge?

Of the 6 largest firms, 5 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 Wayzata?

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

Wayzata has 6 financial advisor firms; see every adviser in the city →