# Financial advisors in Minnesota

> AdvisorCensus lists 522 investment advisory firms with a principal office in Minnesota, drawn from Form ADV filings as of October 2026. Metro areas in the state are listed first; firms are listed alphabetically, and you can 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.

Source: Form ADV filings as of October 2026. Rebuilt monthly. HTML page: https://advisorcensus.com/advisors/mn/page/4

## At a glance

- Investment advisory firms: 522
- Registration: SEC-registered investment adviser: 278, State-registered investment adviser: 207, Exempt reporting adviser: 37
- How firms are compensated (Form ADV Item 5.E; shares of the firms that file it): Fee-only (AdvisorCensus test) 192 (40%); Percentage of assets 454 (94%); Hourly charges 202 (42%); Subscription fees (newsletter or periodical) 7 (1%); Fixed fees 290 (60%); Commissions 12 (2%); Performance-based fees 69 (14%); Other 60 (12%); No compensation arrangements reported 37
- Regulatory assets under management (Item 5.F): Under $25 million 103 (20%); $25 million to $100 million 97 (19%); $100 million to $500 million 122 (23%); $500 million to $1 billion 51 (10%); $1 billion to $5 billion 57 (11%); Over $5 billion 33 (6%); Not reported 59 (11%)
- Years registered: Under 5 years 161 (31%); 5 to 9 years 130 (25%); 10 to 19 years 130 (25%); 20 years or more 99 (19%); Not reported 2 (0%)

## Firms (page 4 of 11, 151 to 200 of 522, sorted by name)

| Firm | CRD | City | Registration | Assets band | Years registered | Compensation |
| --- | --- | --- | --- | --- | --- | --- |
| [FFP Wealth Management, LLC](https://advisorcensus.com/firm/ffp-wealth-management-llc-coon-rapids-mn-300253) ([md](https://advisorcensus.com/firm/ffp-wealth-management-llc-coon-rapids-mn-300253.md)) | 300253 | Coon Rapids, MN | SEC-registered investment adviser | $100 million to $500 million | 7 | % of assets, Hourly, Fixed fee |
| [Fiat Wealth Management](https://advisorcensus.com/firm/fiat-wealth-management-wayzata-mn-318201) ([md](https://advisorcensus.com/firm/fiat-wealth-management-wayzata-mn-318201.md)) | 318201 | Wayzata, MN | SEC-registered investment adviser | $500 million to $1 billion | 4 | % of assets, Hourly, Fixed fee |
| [Fidere Advisors](https://advisorcensus.com/firm/fidere-advisors-minnetonka-mn-312675) ([md](https://advisorcensus.com/firm/fidere-advisors-minnetonka-mn-312675.md)) | 312675 | Minnetonka, MN | State-registered investment adviser | Under $25 million | 2 | % of assets, Hourly, Subscription, Fixed fee, Other |
| [Fiduciary Counselling Inc](https://advisorcensus.com/firm/fiduciary-counselling-inc-st-paul-mn-104753) ([md](https://advisorcensus.com/firm/fiduciary-counselling-inc-st-paul-mn-104753.md)) | 104753 | St Paul, MN | SEC-registered investment adviser | Over $5 billion | 59 | % of assets, Fixed fee |
| [Fiduciary Wealth](https://advisorcensus.com/firm/fiduciary-wealth-bloomington-mn-164702) ([md](https://advisorcensus.com/firm/fiduciary-wealth-bloomington-mn-164702.md)) | 164702 | Bloomington, MN | State-registered investment adviser | Under $25 million | 14 | % of assets |
| [Financial Compass Corporation](https://advisorcensus.com/firm/financial-compass-corporation-eden-prairie-mn-134754) ([md](https://advisorcensus.com/firm/financial-compass-corporation-eden-prairie-mn-134754.md)) | 134754 | Eden Prairie, MN | State-registered investment adviser | $25 million to $100 million | 21 | % of assets, Hourly, Fixed fee, Other |
| [Financial Empowerment LLC](https://advisorcensus.com/firm/financial-empowerment-llc-burnsville-mn-131425) ([md](https://advisorcensus.com/firm/financial-empowerment-llc-burnsville-mn-131425.md)) | 131425 | Burnsville, MN | SEC-registered investment adviser | $100 million to $500 million | 0 | % of assets, Hourly, Fixed fee, Other |
| [Financial Perspectives](https://advisorcensus.com/firm/financial-perspectives-minneapolis-mn-135549) ([md](https://advisorcensus.com/firm/financial-perspectives-minneapolis-mn-135549.md)) | 135549 | Minneapolis, MN | SEC-registered investment adviser | $1 billion to $5 billion | 11 | % of assets, Hourly, Fixed fee |
| [First Associated Investment Advisors, Inc.](https://advisorcensus.com/firm/first-associated-investment-advisors-inc-duluth-mn-113086) ([md](https://advisorcensus.com/firm/first-associated-investment-advisors-inc-duluth-mn-113086.md)) | 113086 | Duluth, MN | SEC-registered investment adviser | $25 million to $100 million | 24 | % of assets |
| [First Class Financial](https://advisorcensus.com/firm/first-class-financial-341096) ([md](https://advisorcensus.com/firm/first-class-financial-341096.md)) | 341096 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 0 | % of assets, Fixed fee |
| [First Light Asset Management, LLC](https://advisorcensus.com/firm/first-light-asset-management-llc-edina-mn-168899) ([md](https://advisorcensus.com/firm/first-light-asset-management-llc-edina-mn-168899.md)) | 168899 | Edina, MN | SEC-registered investment adviser | $1 billion to $5 billion | 13 | % of assets, Performance fee |
| [First Midwest Investments](https://advisorcensus.com/firm/first-midwest-investments-269979) ([md](https://advisorcensus.com/firm/first-midwest-investments-269979.md)) | 269979 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 11 | % of assets |
| [Flourish Wealth Management Inc.](https://advisorcensus.com/firm/flourish-wealth-management-inc-edina-mn-170591) ([md](https://advisorcensus.com/firm/flourish-wealth-management-inc-edina-mn-170591.md)) | 170591 | Edina, MN | SEC-registered investment adviser | $100 million to $500 million | 8 | % of assets, Hourly, Fixed fee |
| [Focus Financial](https://advisorcensus.com/firm/focus-financial-minneapolis-mn-116140) ([md](https://advisorcensus.com/firm/focus-financial-minneapolis-mn-116140.md)) | 116140 | Minneapolis, MN | SEC-registered investment adviser | Over $5 billion | 16 | % of assets, Hourly, Fixed fee, Other |
| [Forethought Planning LLC](https://advisorcensus.com/firm/forethought-planning-llc-minneapolis-mn-332013) ([md](https://advisorcensus.com/firm/forethought-planning-llc-minneapolis-mn-332013.md)) | 332013 | Minneapolis, MN | State-registered investment adviser | Not reported | 2 | Subscription, Fixed fee |
| [Fortress Financial Group, LLC](https://advisorcensus.com/firm/fortress-financial-group-llc-rochester-mn-315329) ([md](https://advisorcensus.com/firm/fortress-financial-group-llc-rochester-mn-315329.md)) | 315329 | Rochester, MN | SEC-registered investment adviser | $100 million to $500 million | 5 | % of assets, Fixed fee |
| [Fortress Investment Services, Ltd](https://advisorcensus.com/firm/fortress-investment-services-ltd-116804) ([md](https://advisorcensus.com/firm/fortress-investment-services-ltd-116804.md)) | 116804 | Not reported, Not reported | State-registered investment adviser | $25 million to $100 million | 28 | % of assets |
| [Foundry Wealth Group](https://advisorcensus.com/firm/foundry-wealth-group-minneapolis-mn-340539) ([md](https://advisorcensus.com/firm/foundry-wealth-group-minneapolis-mn-340539.md)) | 340539 | Minneapolis, MN | State-registered investment adviser | Under $25 million | 0 | % of assets, Hourly, Fixed fee |
| [Fpnavigators](https://advisorcensus.com/firm/fpnavigators-maple-grove-mn-332831) ([md](https://advisorcensus.com/firm/fpnavigators-maple-grove-mn-332831.md)) | 332831 | Maple Grove, MN | SEC-registered investment adviser | $100 million to $500 million | 1 | % of assets, Fixed fee |
| [Frazer Bay Investments L. L. C.](https://advisorcensus.com/firm/frazer-bay-investments-l-l-c-179518) ([md](https://advisorcensus.com/firm/frazer-bay-investments-l-l-c-179518.md)) | 179518 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 11 | % of assets, Performance fee |
| [Freedom Financial Partners LLC](https://advisorcensus.com/firm/freedom-financial-partners-llc-oakdale-mn-327560) ([md](https://advisorcensus.com/firm/freedom-financial-partners-llc-oakdale-mn-327560.md)) | 327560 | Oakdale, MN | SEC-registered investment adviser | $100 million to $500 million | 3 | % of assets, Fixed fee |
| [Frontenac Partners, L.L.C.](https://advisorcensus.com/firm/frontenac-partners-l-l-c-125413) ([md](https://advisorcensus.com/firm/frontenac-partners-l-l-c-125413.md)) | 125413 | Not reported, Not reported | State-registered investment adviser | $25 million to $100 million | 18 | % of assets |
| [Galliard Capital Management](https://advisorcensus.com/firm/galliard-capital-management-minneapolis-mn-106487) ([md](https://advisorcensus.com/firm/galliard-capital-management-minneapolis-mn-106487.md)) | 106487 | Minneapolis, MN | SEC-registered investment adviser | Over $5 billion | 31 | % of assets, Fixed fee |
| [Galligan Financial Advisors](https://advisorcensus.com/firm/galligan-financial-advisors-eagan-mn-115334) ([md](https://advisorcensus.com/firm/galligan-financial-advisors-eagan-mn-115334.md)) | 115334 | Eagan, MN | State-registered investment adviser | $25 million to $100 million | 14 | % of assets |
| [Garda Capital Partners](https://advisorcensus.com/firm/garda-capital-partners-wayzata-mn-282439) ([md](https://advisorcensus.com/firm/garda-capital-partners-wayzata-mn-282439.md)) | 282439 | Wayzata, MN | SEC-registered investment adviser | Over $5 billion | 10 | % of assets, Performance fee |
| [Gary L. Greenberg](https://advisorcensus.com/firm/gary-l-greenberg-eden-prairie-mn-108423) ([md](https://advisorcensus.com/firm/gary-l-greenberg-eden-prairie-mn-108423.md)) | 108423 | Eden Prairie, MN | SEC-registered investment adviser | $100 million to $500 million | 41 | % of assets, Fixed fee |
| [GB Associates, Inc.](https://advisorcensus.com/firm/gb-associates-inc-112818) ([md](https://advisorcensus.com/firm/gb-associates-inc-112818.md)) | 112818 | Not reported, Not reported | State-registered investment adviser | $25 million to $100 million | 39 | % of assets |
| [GEN Financial Management Inc.](https://advisorcensus.com/firm/gen-financial-management-inc-plymouth-mn-110179) ([md](https://advisorcensus.com/firm/gen-financial-management-inc-plymouth-mn-110179.md)) | 110179 | Plymouth, MN | SEC-registered investment adviser | $100 million to $500 million | 26 | % of assets, Fixed fee |
| [GENER8TOR Equity Management, LLC](https://advisorcensus.com/firm/gener8tor-equity-management-llc-plymouth-mn-330166) ([md](https://advisorcensus.com/firm/gener8tor-equity-management-llc-plymouth-mn-330166.md)) | 330166 | Plymouth, MN | Exempt reporting adviser | Not reported | 1 | Not reported |
| [Glacier](https://advisorcensus.com/firm/glacier-minneapolis-mn-336394) ([md](https://advisorcensus.com/firm/glacier-minneapolis-mn-336394.md)) | 336394 | Minneapolis, MN | State-registered investment adviser | Not reported | 1 | Fixed fee |
| [Goldner Hawn](https://advisorcensus.com/firm/goldner-hawn-minneapolis-mn-299154) ([md](https://advisorcensus.com/firm/goldner-hawn-minneapolis-mn-299154.md)) | 299154 | Minneapolis, MN | SEC-registered investment adviser | $500 million to $1 billion | 7 | % of assets, Fixed fee, Performance fee |
| [Gradient Advisors, LLC](https://advisorcensus.com/firm/gradient-advisors-llc-arden-hills-mn-152665) ([md](https://advisorcensus.com/firm/gradient-advisors-llc-arden-hills-mn-152665.md)) | 152665 | Arden Hills, MN | SEC-registered investment adviser | $100 million to $500 million | 16 | % of assets, Fixed fee, Other |
| [Gradient Investments, LLC](https://advisorcensus.com/firm/gradient-investments-llc-arden-hills-mn-141726) ([md](https://advisorcensus.com/firm/gradient-investments-llc-arden-hills-mn-141726.md)) | 141726 | Arden Hills, MN | SEC-registered investment adviser | Over $5 billion | 16 | % of assets, Fixed fee |
| [Gradient Wealth Management](https://advisorcensus.com/firm/gradient-wealth-management-arden-hills-mn-127701) ([md](https://advisorcensus.com/firm/gradient-wealth-management-arden-hills-mn-127701.md)) | 127701 | Arden Hills, MN | SEC-registered investment adviser | $500 million to $1 billion | 11 | % of assets, Hourly, Fixed fee, Other |
| [Graff Financial LLC](https://advisorcensus.com/firm/graff-financial-llc-edina-mn-154976) ([md](https://advisorcensus.com/firm/graff-financial-llc-edina-mn-154976.md)) | 154976 | Edina, MN | State-registered investment adviser | $25 million to $100 million | 16 | % of assets, Hourly |
| [Granite Partners](https://advisorcensus.com/firm/granite-partners-st-cloud-mn-158378) ([md](https://advisorcensus.com/firm/granite-partners-st-cloud-mn-158378.md)) | 158378 | St. Cloud, MN | SEC-registered investment adviser | $1 billion to $5 billion | 14 | % of assets, Performance fee |
| [Great North Ventures](https://advisorcensus.com/firm/great-north-ventures-maple-grove-mn-316159) ([md](https://advisorcensus.com/firm/great-north-ventures-maple-grove-mn-316159.md)) | 316159 | Maple Grove, MN | Exempt reporting adviser | Not reported | 0 | Not reported |
| [Great River Financial](https://advisorcensus.com/firm/great-river-financial-plymouth-mn-314172) ([md](https://advisorcensus.com/firm/great-river-financial-plymouth-mn-314172.md)) | 314172 | Plymouth, MN | SEC-registered investment adviser | $100 million to $500 million | 5 | % of assets, Hourly |
| [Great Waters Financial](https://advisorcensus.com/firm/great-waters-financial-shoreview-mn-308215) ([md](https://advisorcensus.com/firm/great-waters-financial-shoreview-mn-308215.md)) | 308215 | Shoreview, MN | SEC-registered investment adviser | $1 billion to $5 billion | 4 | % of assets, Hourly, Fixed fee |
| [Greater Midwest Financial Group, LLC](https://advisorcensus.com/firm/greater-midwest-financial-group-llc-saint-paul-mn-324387) ([md](https://advisorcensus.com/firm/greater-midwest-financial-group-llc-saint-paul-mn-324387.md)) | 324387 | Saint Paul, MN | SEC-registered investment adviser | $500 million to $1 billion | 3 | % of assets, Fixed fee |
| [Groove Capital Management, LLC](https://advisorcensus.com/firm/groove-capital-management-llc-minneapolis-mn-313699) ([md](https://advisorcensus.com/firm/groove-capital-management-llc-minneapolis-mn-313699.md)) | 313699 | Minneapolis, MN | Exempt reporting adviser | Not reported | 0 | Not reported |
| [Grounded Wealth](https://advisorcensus.com/firm/grounded-wealth-plymouth-mn-314801) ([md](https://advisorcensus.com/firm/grounded-wealth-plymouth-mn-314801.md)) | 314801 | Plymouth, MN | State-registered investment adviser | $25 million to $100 million | 0 | % of assets, Fixed fee |
| [GS Investment Inc](https://advisorcensus.com/firm/gs-investment-inc-eagan-mn-107782) ([md](https://advisorcensus.com/firm/gs-investment-inc-eagan-mn-107782.md)) | 107782 | Eagan, MN | SEC-registered investment adviser | $100 million to $500 million | 27 | % of assets |
| [Guardian Wealth Advisors, LLC](https://advisorcensus.com/firm/guardian-wealth-advisors-llc-st-louis-park-mn-143254) ([md](https://advisorcensus.com/firm/guardian-wealth-advisors-llc-st-louis-park-mn-143254.md)) | 143254 | St Louis Park, MN | SEC-registered investment adviser | $100 million to $500 million | 11 | % of assets, Hourly, Fixed fee |
| [Guardian Wealth Strategies, LLC](https://advisorcensus.com/firm/guardian-wealth-strategies-llc-minneapols-mn-167485) ([md](https://advisorcensus.com/firm/guardian-wealth-strategies-llc-minneapols-mn-167485.md)) | 167485 | Minneapols, MN | SEC-registered investment adviser | $1 billion to $5 billion | 10 | % of assets, Fixed fee |
| [Guide Financial Planning](https://advisorcensus.com/firm/guide-financial-planning-shoreview-mn-170734) ([md](https://advisorcensus.com/firm/guide-financial-planning-shoreview-mn-170734.md)) | 170734 | Shoreview, MN | State-registered investment adviser | $25 million to $100 million | 12 | % of assets, Fixed fee |
| [Guzek Asset Management](https://advisorcensus.com/firm/guzek-asset-management-bloomington-mn-139486) ([md](https://advisorcensus.com/firm/guzek-asset-management-bloomington-mn-139486.md)) | 139486 | Bloomington, MN | State-registered investment adviser | Not reported | 8 | Hourly, Other |
| [Haldorson & Pincombe Investment Advisors Inc.](https://advisorcensus.com/firm/haldorson-and-pincombe-investment-advisors-inc-duluth-mn-115023) ([md](https://advisorcensus.com/firm/haldorson-and-pincombe-investment-advisors-inc-duluth-mn-115023.md)) | 115023 | Duluth, MN | State-registered investment adviser | Under $25 million | 33 | % of assets |
| [Hammer Advisory Services, Inc.](https://advisorcensus.com/firm/hammer-advisory-services-inc-woodbury-mn-152914) ([md](https://advisorcensus.com/firm/hammer-advisory-services-inc-woodbury-mn-152914.md)) | 152914 | Woodbury, MN | State-registered investment adviser | $25 million to $100 million | 16 | % of assets, Hourly, Fixed fee |
| [Harbor Capital Group LLC.](https://advisorcensus.com/firm/harbor-capital-group-llc-bloomington-mn-173812) ([md](https://advisorcensus.com/firm/harbor-capital-group-llc-bloomington-mn-173812.md)) | 173812 | Bloomington, MN | Exempt reporting adviser | Not reported | 0 | Not reported |

- Previous page: https://advisorcensus.com/advisors/mn/page/3.md
- Next page: https://advisorcensus.com/advisors/mn/page/5.md

## Questions people ask

**How many financial advisory firms are there in Minnesota?**
AdvisorCensus lists 522 investment advisory firms with a principal office in Minnesota, from Form ADV filings as of October 2026: 278 SEC-registered, 207 state-registered, and 37 exempt reporting advisers. Firms may request removal, so the count can differ slightly from the number of firms that file Form ADV.

**How many fee-only financial advisors are in Minnesota?**
192 of the 522 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.

**How many financial advisors in Minnesota offer financial planning?**
337 of the 485 firms in Minnesota 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.

**Are the financial advisors in Minnesota fiduciaries?**
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 192 firms that meet AdvisorCensus's fee-only test report none of those sales ties.

**How do I check whether a financial advisor has disciplinary disclosures?**
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.

**Does AdvisorCensus rate, verify, or recommend these firms?**
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.

**What does regulatory assets under management mean?**
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.

## Related pages

- [Financial advisors in Minnesota](https://advisorcensus.com/advisors/mn) (https://advisorcensus.com/advisors/mn.md)
- [Fee-only financial advisors in Minnesota](https://advisorcensus.com/advisors/mn/fee-only) (https://advisorcensus.com/advisors/mn/fee-only.md)
- [Flat-fee financial advisors in Minnesota](https://advisorcensus.com/advisors/mn/flat-fee) (https://advisorcensus.com/advisors/mn/flat-fee.md)
- [Hourly financial advisors in Minnesota](https://advisorcensus.com/advisors/mn/hourly) (https://advisorcensus.com/advisors/mn/hourly.md)

Every firm in this list as CSV: https://advisorcensus.com/advisors/mn.csv

Cite as: AdvisorCensus. Financial advisors in Minnesota: 522 firms from Form ADV filings as of October 2026.