{
  "path": "/advisors/mn/minneapolis/for-businesses",
  "url": "https://advisorcensus.com/advisors/mn/minneapolis/for-businesses/page/3",
  "page_type": "metro_answer",
  "title": "Financial advisors for businesses in Minneapolis, MN",
  "filters": {},
  "scope_total": 108,
  "faq": [
    {
      "q": "Which financial advisors in Minneapolis, MN work with businesses?",
      "a": "108 investment advisory firms with a principal office in the Minneapolis metro area report businesses among their clients on Form ADV Item 5.D, as of October 2026; this page lists them. Form ADV Item 5.D asks every registered adviser which types of clients it advises, with the number of each and the assets it manages for them; a firm appears here when it reports at least one."
    },
    {
      "q": "How many financial advisory firms are there in Minneapolis, MN?",
      "a": "AdvisorCensus lists 415 investment advisory firms with a principal office in the Minneapolis metro area, from Form ADV filings as of October 2026: 256 SEC-registered, 121 state-registered, and 38 exempt reporting advisers. Firms may request removal, so the count can differ slightly from the number of firms that file Form ADV."
    },
    {
      "q": "How many fee-only financial advisors are in Minneapolis, MN?",
      "a": "135 of the 415 firms meet AdvisorCensus's fee-only test: paid only by a percentage of assets, hourly charges, fixed fees, or subscription fees on Form ADV Item 5.E (no commissions, performance-based fees, or other compensation), with no sales-related compensation ties in the same filing: no employee registered with a broker-dealer or licensed as an insurance agent (Item 5.B), no brokerage, insurance, real estate, or other product sales business (Item 6.A), no related broker-dealer, insurance company, real estate broker, or futures commission merchant (Item 7.A), and no referral fees from others or other sales interest (Item 8). Form ADV has no fee-only box, so this is derived from the filing; it is not a fee-only certification, and a firm's own page lists its compensation arrangements as filed."
    },
    {
      "q": "How many financial advisors in Minneapolis, MN offer financial planning?",
      "a": "259 of the 377 firms in Minneapolis, MN that answer Form ADV Item 5.G, which asks what advisory services a firm provides, report financial planning services, as of October 2026. Exempt reporting advisers do not answer Item 5.G. Each firm page lists every advisory service the firm reports."
    },
    {
      "q": "Are the financial advisors in Minneapolis, MN fiduciaries?",
      "a": "Every firm on this page is an investment adviser that files Form ADV, and an investment adviser owes its clients a fiduciary duty under federal law, made up of a duty of care and a duty of loyalty: it must act in the client's best interest and not put its own interests ahead of the client's, and must eliminate its conflicts of interest or disclose them fully and fairly. Form ADV has no fiduciary box because the duty comes with being an investment adviser. The duty covers the firm's advice; a firm or its people may also sell securities through a broker-dealer or insurance as licensed agents, roles held to other standards. The 135 firms that meet AdvisorCensus's fee-only test report none of those sales ties."
    },
    {
      "q": "How do I check whether a financial advisor has disciplinary disclosures?",
      "a": "Each firm page shows how many Form ADV Item 11 disciplinary questions the firm answered yes and links to the firm's record on the SEC's Investment Adviser Public Disclosure site (adviserinfo.sec.gov), where the detail of each disclosure is public. Individual advisers' records are on the same site and on FINRA BrokerCheck."
    },
    {
      "q": "Does AdvisorCensus rate, verify, or recommend these firms?",
      "a": "No. The directory shows what each firm filed, in alphabetical order unless you choose another sort, and no firm's position depends on payment. Firms that claim their page can add a description and links, marked as provided by the firm; the filed facts are never changed by that content."
    },
    {
      "q": "What does regulatory assets under management mean?",
      "a": "Regulatory assets under management (RAUM) is the figure a firm reports on Form ADV Item 5.F: the securities portfolios it provides continuous and regular supervisory or management services for, at market value, including assets managed without discretion. It measures scale, not performance or quality."
    }
  ],
  "period": "2026-10-01",
  "answer_paragraph": "AdvisorCensus lists 108 investment advisory firms with a principal office in the Minneapolis metro area that report businesses among their clients on Form ADV Item 5.D, from filings as of October 2026. Item 5.D asks each firm which types of clients it advises; reporting a client type means the firm serves it, not that it serves only that type. Firms are listed alphabetically; each firm's page lists its client types as filed.",
  "about_market": "Minneapolis has 415 investment advisory firms with a principal office in the metro area as of October 2026: 256 SEC-registered, 121 state-registered, and 38 exempt reporting advisers. 135 of them meet AdvisorCensus's fee-only test (paid only by client fees, with no sales-related compensation ties such as an employee registered with a broker-dealer or licensed as an insurance agent), and 118 report under $100 million in regulatory assets under management. The metro area has 1,477,259 households, 255,543 of them with income of $200,000 or more, or 616 such households for each firm (Census Bureau, American Community Survey 2020–2024 5-year estimates).",
  "citation": "AdvisorCensus. Financial advisors for businesses in Minneapolis, MN: 108 firms from Form ADV filings as of October 2026.",
  "total_firms": 108,
  "page": 3,
  "total_pages": 3,
  "sort": "name",
  "registration_types": {
    "sec": 96,
    "state": 12,
    "exempt": 0
  },
  "fee_model_mix": [
    {
      "code": "fee-only",
      "count": 30
    },
    {
      "code": "percentage_of_aum",
      "count": 106
    },
    {
      "code": "hourly",
      "count": 47
    },
    {
      "code": "subscription",
      "count": 2
    },
    {
      "code": "fixed",
      "count": 80
    },
    {
      "code": "commissions",
      "count": 4
    },
    {
      "code": "performance_based",
      "count": 16
    },
    {
      "code": "other",
      "count": 21
    },
    {
      "code": "not_reported",
      "count": 0
    }
  ],
  "years_registered_distribution": [
    {
      "code": "under_5",
      "count": 19
    },
    {
      "code": "5_to_9",
      "count": 21
    },
    {
      "code": "10_to_19",
      "count": 31
    },
    {
      "code": "20_plus",
      "count": 37
    },
    {
      "code": "not_reported",
      "count": 0
    }
  ],
  "raum_band_distribution": [
    {
      "code": "under_25m",
      "count": 5
    },
    {
      "code": "25m_100m",
      "count": 6
    },
    {
      "code": "100m_500m",
      "count": 24
    },
    {
      "code": "500m_1b",
      "count": 20
    },
    {
      "code": "1b_5b",
      "count": 31
    },
    {
      "code": "over_5b",
      "count": 19
    },
    {
      "code": "not_reported",
      "count": 3
    }
  ],
  "firms": [
    {
      "crd_number": 14455,
      "name": "U.S. Bancorp Advisors, LLC",
      "name_as_filed": "U.S. BANCORP ADVISORS, LLC",
      "url": "https://advisorcensus.com/firm/u-s-bancorp-advisors-llc-saint-paul-mn-14455",
      "city": "Saint Paul",
      "state": "MN",
      "years_registered": 17,
      "raum_band": "1b_5b",
      "compensation_types": [
        "percentage_of_aum",
        "other"
      ],
      "enhanced": false
    },
    {
      "crd_number": 111912,
      "name": "U.S. Bancorp Asset Management, Inc.",
      "name_as_filed": "U.S. BANCORP ASSET MANAGEMENT, INC.",
      "url": "https://advisorcensus.com/firm/u-s-bancorp-asset-management-inc-minneapolis-mn-111912",
      "city": "Minneapolis",
      "state": "MN",
      "years_registered": 25,
      "raum_band": "over_5b",
      "compensation_types": [
        "percentage_of_aum",
        "performance_based",
        "other"
      ],
      "enhanced": false
    },
    {
      "crd_number": 297866,
      "name": "Valtinson Bruner Financial Planning",
      "name_as_filed": "VALTINSON BRUNER FINANCIAL PLANNING",
      "url": "https://advisorcensus.com/firm/valtinson-bruner-financial-planning-new-brighton-mn-297866",
      "city": "New Brighton",
      "state": "MN",
      "years_registered": 8,
      "raum_band": "500m_1b",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 167886,
      "name": "Vantage Point Wealth Management",
      "name_as_filed": "VANTAGE POINT WEALTH MANAGEMENT",
      "url": "https://advisorcensus.com/firm/vantage-point-wealth-management-plymouth-mn-167886",
      "city": "Plymouth",
      "state": "MN",
      "years_registered": 11,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 341142,
      "name": "Vera Lake Capital, LLC",
      "name_as_filed": "VERA LAKE CAPITAL, LLC",
      "url": "https://advisorcensus.com/firm/vera-lake-capital-llc-edina-mn-341142",
      "city": "Edina",
      "state": "MN",
      "years_registered": 0,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 115071,
      "name": "Walrus Partners, LLC",
      "name_as_filed": "WALRUS PARTNERS, LLC",
      "url": "https://advisorcensus.com/firm/walrus-partners-llc-golden-valley-mn-115071",
      "city": "Golden Valley",
      "state": "MN",
      "years_registered": 14,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum",
        "performance_based"
      ],
      "enhanced": false
    },
    {
      "crd_number": 116407,
      "name": "Wealth Enhancement Advisory Services, LLC",
      "name_as_filed": "WEALTH ENHANCEMENT ADVISORY SERVICES, LLC",
      "url": "https://advisorcensus.com/firm/wealth-enhancement-advisory-services-llc-plymouth-mn-116407",
      "city": "Plymouth",
      "state": "MN",
      "years_registered": 24,
      "raum_band": "over_5b",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed",
        "other"
      ],
      "enhanced": false
    },
    {
      "crd_number": 106940,
      "name": "Winslow Capital Management LLC",
      "name_as_filed": "WINSLOW CAPITAL MANAGEMENT LLC",
      "url": "https://advisorcensus.com/firm/winslow-capital-management-llc-minneapolis-mn-106940",
      "city": "Minneapolis",
      "state": "MN",
      "years_registered": 34,
      "raum_band": "over_5b",
      "compensation_types": [
        "percentage_of_aum",
        "performance_based"
      ],
      "enhanced": false
    }
  ],
  "states": [],
  "metros": [],
  "siblings": {
    "national": "/advisors",
    "state": {
      "path": "/advisors/mn",
      "label": "Financial advisors in Minnesota"
    },
    "metro": {
      "path": "/advisors/mn/minneapolis",
      "label": "Financial advisors in Minneapolis, MN"
    },
    "city_pages": [
      {
        "path": "/advisors/mn/minneapolis/minnetonka",
        "label": "Financial advisors in Minnetonka, MN",
        "firm_count": 36
      },
      {
        "path": "/advisors/mn/minneapolis/bloomington",
        "label": "Financial advisors in Bloomington, MN",
        "firm_count": 35
      },
      {
        "path": "/advisors/mn/minneapolis/edina",
        "label": "Financial advisors in Edina, MN",
        "firm_count": 35
      },
      {
        "path": "/advisors/mn/minneapolis/wayzata",
        "label": "Financial advisors in Wayzata, MN",
        "firm_count": 23
      },
      {
        "path": "/advisors/mn/minneapolis/plymouth",
        "label": "Financial advisors in Plymouth, MN",
        "firm_count": 22
      },
      {
        "path": "/advisors/mn/minneapolis/eden-prairie",
        "label": "Financial advisors in Eden Prairie, MN",
        "firm_count": 15
      },
      {
        "path": "/advisors/mn/minneapolis/st-paul",
        "label": "Financial advisors in St. Paul, MN",
        "firm_count": 13
      },
      {
        "path": "/advisors/mn/minneapolis/maple-grove",
        "label": "Financial advisors in Maple Grove, MN",
        "firm_count": 10
      }
    ],
    "fee_pages": [
      {
        "path": "/advisors/mn/minneapolis/fee-only",
        "label": "Fee-only financial advisors in Minneapolis, MN",
        "firm_count": 135
      },
      {
        "path": "/advisors/mn/minneapolis/flat-fee",
        "label": "Flat-fee financial advisors in Minneapolis, MN",
        "firm_count": 230
      },
      {
        "path": "/advisors/mn/minneapolis/hourly",
        "label": "Hourly financial advisors in Minneapolis, MN",
        "firm_count": 155
      }
    ],
    "answer_pages": [
      {
        "path": "/advisors/mn/minneapolis/for-high-net-worth-individuals",
        "firm_count": 281,
        "label": "Financial advisors for high-net-worth individuals in Minneapolis, MN"
      },
      {
        "path": "/advisors/mn/minneapolis/for-retirement-plans",
        "firm_count": 98,
        "label": "Financial advisors for retirement plans in Minneapolis, MN"
      },
      {
        "path": "/advisors/mn/minneapolis/for-charities",
        "firm_count": 133,
        "label": "Financial advisors for charitable organizations in Minneapolis, MN"
      },
      {
        "path": "/advisors/mn/minneapolis/no-account-minimum",
        "firm_count": 45,
        "label": "Financial advisors with no account minimum in Minneapolis, MN"
      }
    ],
    "niche_pages": [
      {
        "path": "/advisors/mn/minneapolis/divorce",
        "firm_count": 1,
        "label": "Financial advisors for divorce in Minneapolis, MN"
      }
    ]
  },
  "csv": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}