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Top 4 financial advisor firms in Woodbury

4 SEC-registered financial advisor firms are headquartered in Woodbury, MN, with $2.93B in combined regulatory assets under management. The largest by assets are MLG Wealth Management ($1.49B), Ballast Advisors ($674M) and Legacy Wealth Asset Management ($546M).

4
Financial advisor firms
$2.93B
Their combined AUM
$610M
Median firm AUM
2,861
Clients of the top 4

The 4 largest by assets

  1. 1
    MLG Wealth Management

    RIA

    $1.49B

  2. 2
    Ballast Advisors

    RIA

    $674M

  3. 3
    Legacy Wealth Asset Management

    RIA

    $546M

  4. 4
    Enspyre Wealth Advisors

    RIA

    $218M

Profiles of the top 4

No. 1 · RIA

MLG Wealth Management

MLG Wealth Management is an investment adviser based in Woodbury, 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 $1.49 billion, as filed on 19 May 2026.

MLG Wealth Management charges up to 1.25% a year for its Asset Management Services.

Regulatory AUM
$1.49B
Clients
1,404
Advisory staff
14
Fee schedule
Up to 1.25% a year
Minimum account
$250,000
Custodians
Charles Schwab
Headquarters
796 Bielenberg DR., Suite 103, Woodbury, MN 55125-1412
Phone
651-714-0323
Website
pinegrovefg.com

No. 2 · RIA

Ballast Advisors

Ballast Advisors is an investment adviser based in Woodbury, MN, registered with the SEC since 2017. 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 $674 million, as filed on 26 March 2026.

Ballast Advisors charges 0.50%–2.00% a year for its Investment Management and Wealth Management.

Regulatory AUM
$674M
Clients
831
Advisory staff
6
Fee schedule
0.50% to 2.00% a year
Custodians
Charles Schwab
Headquarters
683 Bielenberg Drive, Suite 208, Woodbury, MN 55125
Phone
651-478-4644
Website
ballastadvisors.com

No. 3 · RIA

Legacy Wealth Asset Management

Legacy Wealth Asset Management is an investment adviser based in Woodbury, 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 $546 million, as filed on 13 March 2026.

Regulatory AUM
$546M
Clients
493
Advisory staff
4
Founded
2019
Custodians
Charles Schwab
Headquarters
683 Bielenberg Drive, Suite 101, Woodbury, MN 55125
Phone
651-621-2383
Website
legacywealthwisdom.com

No. 4 · RIA

Enspyre Wealth Advisors

Enspyre Wealth Advisors is an investment adviser based in Woodbury, MN, registered with the SEC since 2019. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $218 million, as filed on 16 March 2026.

Enspyre Wealth Advisors charges up to 2.50% a year for its Comprehensive Portfolio Management.

Regulatory AUM
$218M
Clients
133
Advisory staff
1
Fee schedule
Up to 2.50% a year
Headquarters
724 Bielenberg DR., Suite 144, Woodbury, MN 55125
Phone
651-203-7920
Website
enspyrewealth.com

Questions about financial advisors in Woodbury

How many financial advisor firms are headquartered in Woodbury?

4 SEC-registered financial advisor firms report their principal office in Woodbury, MN, managing $2.93B 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 Woodbury?

MLG Wealth Management, with $1.49B in regulatory assets under management on its latest Form ADV. The next largest are Ballast Advisors ($674M) and Legacy Wealth Asset Management ($546M).

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

How large is a typical financial advisor firm in Woodbury?

The median firm manages $610M in regulatory assets. That is the midpoint of the 4 firms headquartered in Woodbury.

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

How much do financial advisors in Woodbury charge?

Of the 4 largest firms, 3 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 1.25% to 2.50% 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 Woodbury?

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

Woodbury has 4 financial advisor firms; see every adviser in the city →

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