{ "path": "/advisors/nd/fee-only", "url": "https://advisorcensus.com/advisors/nd/fee-only", "page_type": "state_fee", "title": "Fee-only financial advisors in North Dakota", "filters": {}, "scope_total": 11, "faq": [ { "q": "How many financial advisory firms are there in North Dakota?", "a": "AdvisorCensus lists 37 investment advisory firms with a principal office in North Dakota, from Form ADV filings as of October 2026: 9 SEC-registered, 27 state-registered, and 1 exempt reporting adviser. 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 North Dakota?", "a": "11 of the 37 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 North Dakota offer financial planning?", "a": "26 of the 36 firms in North Dakota 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 North Dakota 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 11 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 11 investment advisory firms with a principal office in North Dakota that meet AdvisorCensus's fee-only test: paid only by client fees on Form ADV Item 5.E, with no employee registered with a broker-dealer or licensed as an insurance agent, no brokerage, insurance, or real estate sales business or related company, and no referral fees from others, drawn from Form ADV filings as of October 2026. Firms are listed alphabetically; sort by years registered or assets band using the controls below, and read the methodology block for how this page is derived.", "about_market": null, "citation": "AdvisorCensus. Fee-only financial advisors in North Dakota: 11 firms from Form ADV filings as of October 2026.", "total_firms": 11, "page": 1, "total_pages": 1, "sort": "name", "registration_types": { "sec": 3, "state": 8, "exempt": 0 }, "fee_model_mix": [ { "code": "fee-only", "count": 11 }, { "code": "percentage_of_aum", "count": 10 }, { "code": "hourly", "count": 8 }, { "code": "subscription", "count": 0 }, { "code": "fixed", "count": 6 }, { "code": "commissions", "count": 0 }, { "code": "performance_based", "count": 0 }, { "code": "other", "count": 0 }, { "code": "not_reported", "count": 0 } ], "years_registered_distribution": [ { "code": "under_5", "count": 3 }, { "code": "5_to_9", "count": 2 }, { "code": "10_to_19", "count": 4 }, { "code": "20_plus", "count": 1 }, { "code": "not_reported", "count": 1 } ], "raum_band_distribution": [ { "code": "under_25m", "count": 4 }, { "code": "25m_100m", "count": 4 }, { "code": "100m_500m", "count": 3 }, { "code": "500m_1b", "count": 0 }, { "code": "1b_5b", "count": 0 }, { "code": "over_5b", "count": 0 }, { "code": "not_reported", "count": 0 } ], "firms": [ { "crd_number": 281078, "name": "Bona Fide Finance", "name_as_filed": "BONA FIDE FINANCE", "url": "https://advisorcensus.com/firm/bona-fide-finance-bismarck-nd-281078", "city": "Bismarck", "state": "ND", "years_registered": 11, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 172199, "name": "Capital City Wealth Management, Inc.", "name_as_filed": "CAPITAL CITY WEALTH MANAGEMENT, INC.", "url": "https://advisorcensus.com/firm/capital-city-wealth-management-inc-bismarck-nd-172199", "city": "Bismarck", "state": "ND", "years_registered": 1, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 322197, "name": "Fortify Financial Group, LLC", "name_as_filed": "FORTIFY FINANCIAL GROUP, LLC", "url": "https://advisorcensus.com/firm/fortify-financial-group-llc-fargo-nd-322197", "city": "Fargo", "state": "ND", "years_registered": null, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false }, { "crd_number": 123105, "name": "Johnson Wealth Management, LLC", "name_as_filed": "JOHNSON WEALTH MANAGEMENT, LLC", "url": "https://advisorcensus.com/firm/johnson-wealth-management-llc-grand-forks-nd-123105", "city": "Grand Forks", "state": "ND", "years_registered": 9, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 131678, "name": "Light Financial Services, Inc.", "name_as_filed": "LIGHT FINANCIAL SERVICES, INC.", "url": "https://advisorcensus.com/firm/light-financial-services-inc-fargo-nd-131678", "city": "Fargo", "state": "ND", "years_registered": 4, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 339524, "name": "McGorman Wealth Management", "name_as_filed": "MCGORMAN WEALTH MANAGEMENT", "url": "https://advisorcensus.com/firm/mcgorman-wealth-management-339524", "city": null, "state": null, "years_registered": 0, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 113407, "name": "Mike Parke Investment Management, LLC", "name_as_filed": "MIKE PARKE INVESTMENT MANAGEMENT, LLC", "url": "https://advisorcensus.com/firm/mike-parke-investment-management-llc-dickinson-nd-113407", "city": "Dickinson", "state": "ND", "years_registered": 14, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 159820, "name": "Omnia Finance, LLC", "name_as_filed": "OMNIA FINANCE, LLC", "url": "https://advisorcensus.com/firm/omnia-finance-llc-fargo-nd-159820", "city": "Fargo", "state": "ND", "years_registered": 8, "raum_band": "25m_100m", "compensation_types": [ "hourly", "fixed" ], "enhanced": false }, { "crd_number": 142302, "name": "Schmidt Wealth Management", "name_as_filed": "SCHMIDT WEALTH MANAGEMENT", "url": "https://advisorcensus.com/firm/schmidt-wealth-management-fargo-nd-142302", "city": "Fargo", "state": "ND", "years_registered": 19, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false }, { "crd_number": 115427, "name": "Schwartz Investment Management Co.", "name_as_filed": "SCHWARTZ INVESTMENT MANAGEMENT CO.", "url": "https://advisorcensus.com/firm/schwartz-investment-management-co-dickinson-nd-115427", "city": "Dickinson", "state": "ND", "years_registered": 34, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 164425, "name": "Thoreson Steffes", "name_as_filed": "THORESON STEFFES", "url": "https://advisorcensus.com/firm/thoreson-steffes-fargo-nd-164425", "city": "Fargo", "state": "ND", "years_registered": 14, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false } ], "states": [], "metros": [], "siblings": { "national": "/advisors", "state": { "path": "/advisors/nd", "label": "Financial advisors in North Dakota" }, "fee_pages": [ { "path": "/advisors/nd/flat-fee", "label": "Flat-fee financial advisors in North Dakota", "firm_count": 18 }, { "path": "/advisors/nd/hourly", "label": "Hourly financial advisors in North Dakota", "firm_count": 23 } ], "metro_fee_pages": [ { "path": "/advisors/nd/fargo/fee-only", "firm_count": 5, "label": "Fee-only financial advisors in Fargo, ND" }, { "path": "/advisors/nd/bismarck/fee-only", "firm_count": 2, "label": "Fee-only financial advisors in Bismarck, ND" }, { "path": "/advisors/nd/grand-forks/fee-only", "firm_count": 1, "label": "Fee-only financial advisors in Grand Forks, ND" } ] }, "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" } }