Top 5 financial advisor firms in Fargo

5 SEC-registered financial advisor firms are headquartered in Fargo, ND, with $1.15B in combined regulatory assets under management. The largest by assets are Prairiewood Capital ($365M), Wealth Forward ($228M) and Classic Asset Management ($189M).

5
Financial advisor firms: $1.15B
Their combined AUM: $189M
Median firm AUM: 2,097
Clients of the top 5

The 5 largest by assets

1
Prairiewood Capital
RIA
$365M
0.50% to 1.50%
2
Wealth Forward
RIA
$228M
Regulatory AUM
3
Classic Asset Management
RIA
$189M
0.50% to 2.00% a year
4
Fjell Capital
RIA
$187M
0.40% to 1.25% a year
5
Light Financial Services
RIA
$176M
Regulatory AUM

Profiles of the top 5

No. 1 · RIA

Prairiewood Capital

Prairiewood Capital is an investment adviser based in Fargo, ND, registered with the SEC since 2020. 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 $365 million, as filed on 30 June 2026.

Prairiewood Capital charges 0.50%–1.50% for its Investment management services. The brochure does not state whether the rate is annual.

Regulatory AUM: $365M
Clients: 244
Advisory staff: 4
Founded: 2009
Fee schedule: 0.50% to 1.50%
Custodians: Charles Schwab
Headquarters: 3175 Sienna DR S, Ste 100, Fargo, ND 58104
Phone: 701-234-0521
Website: pw-wm.com

No. 2 · RIA

Wealth Forward

Wealth Forward is an investment adviser based in Fargo, ND, registered with the SEC since 2013. 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 $228 million, as filed on 1 July 2026.

Regulatory AUM: $228M
Clients: 367
Advisory staff: 2
Custodians: Pershing
Headquarters: 2632 47th St S., Suite 107, Fargo, ND 58104
Phone: 701-293-5789

No. 3 · RIA

Classic Asset Management

Classic Asset Management is an investment adviser based in Fargo, ND, registered with the SEC since 2006. It provides financial planning and investment management. Its clients include individual clients, high-net-worth individuals and charitable organizations. Its regulatory assets under management total $189 million, as filed on 5 May 2026.

Classic Asset Management charges 0.50%–2.00% a year for its Portfolio Management Services.

Regulatory AUM: $189M
Clients: 659
Advisory staff: 4
Fee schedule: 0.50% to 2.00% a year
Custodians: Charles Schwab, Axos Advisor Services
Headquarters: 1220 28th Avenue North, Fargo, ND 58102
Phone: 701-234-0103
Website: finstrat.com

No. 4 · RIA

Fjell Capital

Fjell Capital is an investment adviser based in Fargo, ND, registered with the SEC since 2023. 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 $187 million, as filed on 24 August 2026.

Fjell Capital charges 0.40%–1.25% a year for its Bergen Advisory Services.

Regulatory AUM: $187M
Clients: 205
Advisory staff: 3
Fee schedule: 0.40% to 1.25% a year
Custodians: Charles Schwab
Headquarters: 27 10th Street North, Fargo, ND 58102
Phone: 701-491-7600
Website: fjellcapital.com

No. 5 · RIA

Light Financial Services

Light Financial Services is an investment adviser based in Fargo, ND, registered with the SEC since 2022. 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 $176 million, as filed on 25 March 2026.

Regulatory AUM: $176M
Clients: 622
Advisory staff: 2
Custodians: Charles Schwab, Matrix Executions
Headquarters: 3575 45th St S, Suite 112, Fargo, ND 58104
Phone: 701-356-5106
Website: lightfinancialservices.com

Questions about financial advisors in Fargo

How many financial advisor firms are headquartered in Fargo?

5 SEC-registered financial advisor firms report their principal office in Fargo, ND, managing $1.15B 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 Fargo?

Prairiewood Capital, with $365M in regulatory assets under management on its latest Form ADV. The next largest are Wealth Forward ($228M) and Classic Asset Management ($189M).

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

How large is a typical financial advisor firm in Fargo?

The median firm manages $189M in regulatory assets. That is the midpoint of the 5 firms headquartered in Fargo.

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

How much do financial advisors in Fargo charge?

Of the 5 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 2.00% 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 Fargo?

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

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