{
  "path": "/advisors/mn/minneapolis",
  "url": "https://advisorcensus.com/advisors/mn/minneapolis/page/3",
  "page_type": "metro",
  "title": "Financial advisors in Minneapolis, MN",
  "filters": {},
  "scope_total": 415,
  "faq": [
    {
      "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 415 investment advisory firms with a principal office in the Minneapolis metro area, drawn from Form ADV filings as of October 2026. Firms are listed alphabetically; sort by years registered or assets band using the controls below. Firms may request removal from the directory, so this count can differ from the number of firms that file Form ADV.",
  "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 in Minneapolis, MN: 415 firms from Form ADV filings as of October 2026.",
  "total_firms": 415,
  "page": 3,
  "total_pages": 9,
  "sort": "name",
  "registration_types": {
    "sec": 256,
    "state": 121,
    "exempt": 38
  },
  "fee_model_mix": [
    {
      "code": "fee-only",
      "count": 135
    },
    {
      "code": "percentage_of_aum",
      "count": 353
    },
    {
      "code": "hourly",
      "count": 155
    },
    {
      "code": "subscription",
      "count": 4
    },
    {
      "code": "fixed",
      "count": 230
    },
    {
      "code": "commissions",
      "count": 9
    },
    {
      "code": "performance_based",
      "count": 59
    },
    {
      "code": "other",
      "count": 56
    },
    {
      "code": "not_reported",
      "count": 38
    }
  ],
  "years_registered_distribution": [
    {
      "code": "under_5",
      "count": 120
    },
    {
      "code": "5_to_9",
      "count": 103
    },
    {
      "code": "10_to_19",
      "count": 109
    },
    {
      "code": "20_plus",
      "count": 81
    },
    {
      "code": "not_reported",
      "count": 2
    }
  ],
  "raum_band_distribution": [
    {
      "code": "under_25m",
      "count": 49
    },
    {
      "code": "25m_100m",
      "count": 69
    },
    {
      "code": "100m_500m",
      "count": 105
    },
    {
      "code": "500m_1b",
      "count": 50
    },
    {
      "code": "1b_5b",
      "count": 54
    },
    {
      "code": "over_5b",
      "count": 32
    },
    {
      "code": "not_reported",
      "count": 56
    }
  ],
  "firms": [
    {
      "crd_number": 156466,
      "name": "Efficient Market Investments, LLC",
      "name_as_filed": "EFFICIENT MARKET INVESTMENTS, LLC",
      "url": "https://advisorcensus.com/firm/efficient-market-investments-llc-apple-valley-mn-156466",
      "city": "Apple Valley",
      "state": "MN",
      "years_registered": 15,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 115211,
      "name": "EFS Advisors",
      "name_as_filed": "EFS ADVISORS",
      "url": "https://advisorcensus.com/firm/efs-advisors-cambridge-mn-115211",
      "city": "Cambridge",
      "state": "MN",
      "years_registered": 22,
      "raum_band": "1b_5b",
      "compensation_types": [
        "percentage_of_aum",
        "hourly"
      ],
      "enhanced": false
    },
    {
      "crd_number": 146385,
      "name": "Ehlers",
      "name_as_filed": "EHLERS",
      "url": "https://advisorcensus.com/firm/ehlers-minneapolis-mn-146385",
      "city": "Minneapolis",
      "state": "MN",
      "years_registered": 17,
      "raum_band": "1b_5b",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 311284,
      "name": "Element Squared Private Wealth",
      "name_as_filed": "ELEMENT SQUARED PRIVATE WEALTH",
      "url": "https://advisorcensus.com/firm/element-squared-private-wealth-minneapolis-mn-311284",
      "city": "Minneapolis",
      "state": "MN",
      "years_registered": 3,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 310307,
      "name": "Endurance Financial Group",
      "name_as_filed": "ENDURANCE FINANCIAL GROUP",
      "url": "https://advisorcensus.com/firm/endurance-financial-group-st-paul-mn-310307",
      "city": "St. Paul",
      "state": "MN",
      "years_registered": 5,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 300992,
      "name": "Enspyre Wealth Advisors, Inc.",
      "name_as_filed": "ENSPYRE WEALTH ADVISORS, INC.",
      "url": "https://advisorcensus.com/firm/enspyre-wealth-advisors-inc-woodbury-mn-300992",
      "city": "Woodbury",
      "state": "MN",
      "years_registered": 7,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 165139,
      "name": "Epiq Partners, LLC",
      "name_as_filed": "EPIQ PARTNERS, LLC",
      "url": "https://advisorcensus.com/firm/epiq-partners-llc-minneapolis-mn-165139",
      "city": "Minneapolis",
      "state": "MN",
      "years_registered": 9,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 304113,
      "name": "Equal Voices Wealth LLC",
      "name_as_filed": "EQUAL VOICES WEALTH LLC",
      "url": "https://advisorcensus.com/firm/equal-voices-wealth-llc-minneapolis-mn-304113",
      "city": "Minneapolis",
      "state": "MN",
      "years_registered": 7,
      "raum_band": "25m_100m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 323379,
      "name": "Estuary Capital Management LP",
      "name_as_filed": "ESTUARY CAPITAL MANAGEMENT LP",
      "url": "https://advisorcensus.com/firm/estuary-capital-management-lp-wayzata-mn-323379",
      "city": "Wayzata",
      "state": "MN",
      "years_registered": 3,
      "raum_band": "500m_1b",
      "compensation_types": [
        "percentage_of_aum",
        "performance_based"
      ],
      "enhanced": false
    },
    {
      "crd_number": 137260,
      "name": "Everest Financial Group",
      "name_as_filed": "EVEREST FINANCIAL GROUP",
      "url": "https://advisorcensus.com/firm/everest-financial-group-minneapolis-mn-137260",
      "city": "Minneapolis",
      "state": "MN",
      "years_registered": 19,
      "raum_band": "1b_5b",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed",
        "other"
      ],
      "enhanced": false
    },
    {
      "crd_number": 306057,
      "name": "Evergreen Computation LLC",
      "name_as_filed": "EVERGREEN COMPUTATION LLC",
      "url": "https://advisorcensus.com/firm/evergreen-computation-llc-hudson-wi-306057",
      "city": "Hudson",
      "state": "WI",
      "years_registered": 0,
      "raum_band": "not_reported",
      "compensation_types": [],
      "enhanced": false
    },
    {
      "crd_number": 167493,
      "name": "Everstream Energy Capital Advisers, LLC",
      "name_as_filed": "EVERSTREAM ENERGY CAPITAL ADVISERS, LLC",
      "url": "https://advisorcensus.com/firm/everstream-energy-capital-advisers-llc-wayzata-mn-167493",
      "city": "Wayzata",
      "state": "MN",
      "years_registered": 4,
      "raum_band": "not_reported",
      "compensation_types": [],
      "enhanced": false
    },
    {
      "crd_number": 108048,
      "name": "Excelsior Investors",
      "name_as_filed": "EXCELSIOR INVESTORS",
      "url": "https://advisorcensus.com/firm/excelsior-investors-excelsior-mn-108048",
      "city": "Excelsior",
      "state": "MN",
      "years_registered": 26,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 289890,
      "name": "Excelsior Renewable Energy Management Company LP",
      "name_as_filed": "EXCELSIOR RENEWABLE ENERGY MANAGEMENT COMPANY LP",
      "url": "https://advisorcensus.com/firm/excelsior-renewable-energy-management-company-lp-excelsior-mn-289890",
      "city": "Excelsior",
      "state": "MN",
      "years_registered": 5,
      "raum_band": "1b_5b",
      "compensation_types": [
        "percentage_of_aum",
        "performance_based"
      ],
      "enhanced": false
    },
    {
      "crd_number": 304448,
      "name": "Fair Trust Financial LLC",
      "name_as_filed": "FAIR TRUST FINANCIAL LLC",
      "url": "https://advisorcensus.com/firm/fair-trust-financial-llc-vadnais-heights-mn-304448",
      "city": "Vadnais Heights",
      "state": "MN",
      "years_registered": 7,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly"
      ],
      "enhanced": false
    },
    {
      "crd_number": 115629,
      "name": "Family Wealth Counselors, LLC.",
      "name_as_filed": "FAMILY WEALTH COUNSELORS, LLC.",
      "url": "https://advisorcensus.com/firm/family-wealth-counselors-llc-minnetonka-mn-115629",
      "city": "Minnetonka",
      "state": "MN",
      "years_registered": 28,
      "raum_band": "not_reported",
      "compensation_types": [
        "hourly",
        "fixed",
        "other"
      ],
      "enhanced": false
    },
    {
      "crd_number": 329463,
      "name": "Family Wealth Management",
      "name_as_filed": "FAMILY WEALTH MANAGEMENT",
      "url": "https://advisorcensus.com/firm/family-wealth-management-elko-mn-329463",
      "city": "Elko",
      "state": "MN",
      "years_registered": 2,
      "raum_band": "25m_100m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 163719,
      "name": "Farnam Street Capital, Inc.",
      "name_as_filed": "FARNAM STREET CAPITAL, INC.",
      "url": "https://advisorcensus.com/firm/farnam-street-capital-inc-minneapolis-mn-163719",
      "city": "Minneapolis",
      "state": "MN",
      "years_registered": 14,
      "raum_band": "not_reported",
      "compensation_types": [],
      "enhanced": false
    },
    {
      "crd_number": 343731,
      "name": "Fathom Advisors LLC",
      "name_as_filed": "FATHOM ADVISORS LLC",
      "url": "https://advisorcensus.com/firm/fathom-advisors-llc-minneapolis-mn-343731",
      "city": "Minneapolis",
      "state": "MN",
      "years_registered": 0,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 307216,
      "name": "FBD Asset MGMT",
      "name_as_filed": "FBD ASSET MGMT",
      "url": "https://advisorcensus.com/firm/fbd-asset-mgmt-bloomington-mn-307216",
      "city": "Bloomington",
      "state": "MN",
      "years_registered": 6,
      "raum_band": "25m_100m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 165244,
      "name": "Feltl Advisors",
      "name_as_filed": "FELTL ADVISORS",
      "url": "https://advisorcensus.com/firm/feltl-advisors-plymouth-mn-165244",
      "city": "Plymouth",
      "state": "MN",
      "years_registered": 13,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum",
        "fixed",
        "other"
      ],
      "enhanced": false
    },
    {
      "crd_number": 300253,
      "name": "FFP Wealth Management, LLC",
      "name_as_filed": "FFP WEALTH MANAGEMENT, LLC",
      "url": "https://advisorcensus.com/firm/ffp-wealth-management-llc-coon-rapids-mn-300253",
      "city": "Coon Rapids",
      "state": "MN",
      "years_registered": 7,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 318201,
      "name": "Fiat Wealth Management",
      "name_as_filed": "FIAT WEALTH MANAGEMENT",
      "url": "https://advisorcensus.com/firm/fiat-wealth-management-wayzata-mn-318201",
      "city": "Wayzata",
      "state": "MN",
      "years_registered": 4,
      "raum_band": "500m_1b",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 312675,
      "name": "Fidere Advisors",
      "name_as_filed": "FIDERE ADVISORS",
      "url": "https://advisorcensus.com/firm/fidere-advisors-minnetonka-mn-312675",
      "city": "Minnetonka",
      "state": "MN",
      "years_registered": 2,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "subscription",
        "fixed",
        "other"
      ],
      "enhanced": false
    },
    {
      "crd_number": 104753,
      "name": "Fiduciary Counselling Inc",
      "name_as_filed": "FIDUCIARY COUNSELLING INC",
      "url": "https://advisorcensus.com/firm/fiduciary-counselling-inc-st-paul-mn-104753",
      "city": "St Paul",
      "state": "MN",
      "years_registered": 59,
      "raum_band": "over_5b",
      "compensation_types": [
        "percentage_of_aum",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 164702,
      "name": "Fiduciary Wealth",
      "name_as_filed": "FIDUCIARY WEALTH",
      "url": "https://advisorcensus.com/firm/fiduciary-wealth-bloomington-mn-164702",
      "city": "Bloomington",
      "state": "MN",
      "years_registered": 14,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 134754,
      "name": "Financial Compass Corporation",
      "name_as_filed": "FINANCIAL COMPASS CORPORATION",
      "url": "https://advisorcensus.com/firm/financial-compass-corporation-eden-prairie-mn-134754",
      "city": "Eden Prairie",
      "state": "MN",
      "years_registered": 21,
      "raum_band": "25m_100m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed",
        "other"
      ],
      "enhanced": false
    },
    {
      "crd_number": 131425,
      "name": "Financial Empowerment LLC",
      "name_as_filed": "FINANCIAL EMPOWERMENT LLC",
      "url": "https://advisorcensus.com/firm/financial-empowerment-llc-burnsville-mn-131425",
      "city": "Burnsville",
      "state": "MN",
      "years_registered": 0,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed",
        "other"
      ],
      "enhanced": false
    },
    {
      "crd_number": 135549,
      "name": "Financial Perspectives",
      "name_as_filed": "FINANCIAL PERSPECTIVES",
      "url": "https://advisorcensus.com/firm/financial-perspectives-minneapolis-mn-135549",
      "city": "Minneapolis",
      "state": "MN",
      "years_registered": 11,
      "raum_band": "1b_5b",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 168899,
      "name": "First Light Asset Management, LLC",
      "name_as_filed": "FIRST LIGHT ASSET MANAGEMENT, LLC",
      "url": "https://advisorcensus.com/firm/first-light-asset-management-llc-edina-mn-168899",
      "city": "Edina",
      "state": "MN",
      "years_registered": 13,
      "raum_band": "1b_5b",
      "compensation_types": [
        "percentage_of_aum",
        "performance_based"
      ],
      "enhanced": false
    },
    {
      "crd_number": 170591,
      "name": "Flourish Wealth Management Inc.",
      "name_as_filed": "FLOURISH WEALTH MANAGEMENT INC.",
      "url": "https://advisorcensus.com/firm/flourish-wealth-management-inc-edina-mn-170591",
      "city": "Edina",
      "state": "MN",
      "years_registered": 8,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 116140,
      "name": "Focus Financial",
      "name_as_filed": "FOCUS FINANCIAL",
      "url": "https://advisorcensus.com/firm/focus-financial-minneapolis-mn-116140",
      "city": "Minneapolis",
      "state": "MN",
      "years_registered": 16,
      "raum_band": "over_5b",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed",
        "other"
      ],
      "enhanced": false
    },
    {
      "crd_number": 332013,
      "name": "Forethought Planning LLC",
      "name_as_filed": "FORETHOUGHT PLANNING LLC",
      "url": "https://advisorcensus.com/firm/forethought-planning-llc-minneapolis-mn-332013",
      "city": "Minneapolis",
      "state": "MN",
      "years_registered": 2,
      "raum_band": "not_reported",
      "compensation_types": [
        "subscription",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 340539,
      "name": "Foundry Wealth Group",
      "name_as_filed": "FOUNDRY WEALTH GROUP",
      "url": "https://advisorcensus.com/firm/foundry-wealth-group-minneapolis-mn-340539",
      "city": "Minneapolis",
      "state": "MN",
      "years_registered": 0,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 332831,
      "name": "Fpnavigators",
      "name_as_filed": "FPNAVIGATORS",
      "url": "https://advisorcensus.com/firm/fpnavigators-maple-grove-mn-332831",
      "city": "Maple Grove",
      "state": "MN",
      "years_registered": 1,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 327560,
      "name": "Freedom Financial Partners LLC",
      "name_as_filed": "FREEDOM FINANCIAL PARTNERS LLC",
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    },
    {
      "crd_number": 152665,
      "name": "Gradient Advisors, LLC",
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      "city": "Maple Grove",
      "state": "MN",
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    },
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      "city": "Plymouth",
      "state": "MN",
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  ],
  "states": [],
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  "siblings": {
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    "state": {
      "path": "/advisors/mn",
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    },
    "metro": {
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      "label": "Financial advisors in Minneapolis, MN"
    },
    "city_pages": [
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    "fee_pages": [
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      },
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      },
      {
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        "path": "/advisors/mn/minneapolis/divorce",
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      }
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  },
  "csv": "https://advisorcensus.com/advisors/mn/minneapolis.csv",
  "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"
  }
}