{
  "crd_number": 113074,
  "slug": "advisornet-wealth-partners-minnetonka-mn-113074",
  "primary_business_name": "ADVISORNET WEALTH PARTNERS",
  "legal_name": "ADVISORNET FINANCIAL, INC.",
  "dbas": [
    "ADVANCED RETIREMENT RESOURCES",
    "ADVANCED WEALTH MANAGEMENT GROUP",
    "ADVANTAGE FINANCIAL PLANNING",
    "AJW FINANCIAL",
    "ALIGNED WEALTH PLANNING GROUP",
    "ALPHA WEALTH ADVISORS",
    "APEX WEALTH SERVICES",
    "BOX FINANCIAL",
    "BRUMBAUGH WEALTH MANAGEMENT",
    "CALCULATED WEALTH PARTNERS",
    "CLEARPATH WEALTH ADVISORS",
    "DRACH FINANCIAL",
    "EMPIRE ASSET MANAGEMENT GROUP",
    "EPOCH FINANCIAL GROUP",
    "EXECUTIVE FINANCIAL SERVICES INC",
    "FINANCIAL CONSULTANTS OF RAPID CITY",
    "FINANCIAL PLANNING PARTNERS",
    "HEMME WEALTH MANAGEMENT",
    "JOSH WEBSKOWSKI",
    "KESHEMBERG ADVISORY",
    "LEWIS FINANCIAL ADVISORS, LLC",
    "MATTSON WEALTH MANAGEMENT",
    "MCCABE & ASSOCIATES",
    "PEAK ADVISORY GROUP",
    "PEAK PORTFOLIO MANAGEMENT",
    "PLANVISER FINANCIAL",
    "RICE CREEK WEALTH MANAGEMENT",
    "ROBERT J. MCHATTIE",
    "STILL WATERS PLANNING",
    "STONEBRIDGE WEALTH PARTNERS",
    "WALTER R. BOMGREN",
    "WEINBACH INVESTMENT MANAGEMENT, LLC"
  ],
  "city": "Minnetonka",
  "state": "MN",
  "country": "United States",
  "cbsa_code": "33460",
  "metro": {
    "cbsa_code": "33460",
    "common_name": "Minneapolis",
    "msa_name": "Minneapolis-St. Paul-Bloomington, MN-WI",
    "path": "/advisors/mn/minneapolis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2012-08-29",
  "years_registered": 14,
  "period": "2026-10-01",
  "filing_date": "2026-03-25",
  "carried_forward": false,
  "raum_total": 3149498789.0,
  "raum_discretionary": 3143415615.0,
  "raum_non_discretionary": 6083174.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 131,
  "advisory_employees": 68,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 11405265.0,
      "count": 6
    },
    "individuals": {
      "raum": 867718176.0,
      "count": 2576
    },
    "high_net_worth_individuals": {
      "raum": 2264719711.0,
      "count": 923
    },
    "corporations_other_businesses": {
      "raum": 5655637.0,
      "count": 9
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "other",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 1,
  "states_registered": [
    "AL",
    "AZ",
    "CA",
    "CO",
    "DE",
    "FL",
    "GA",
    "IA",
    "ID",
    "IL",
    "IN",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OR",
    "PA",
    "SC",
    "SD",
    "TN",
    "TX",
    "VA",
    "WA",
    "WI",
    "WY"
  ],
  "websites": [
    "https://advancedretirement.com",
    "https://advancedwealth.com",
    "https://advisornet.com",
    "https://advisornet.com/wealth-partners-home",
    "https://ajwfinancial.com",
    "https://alignedwealthplanning.com",
    "https://besttaxplan.com",
    "https://boxfinancialadvisors.com",
    "https://brumbaughwealth.com",
    "https://clearpathwealthadvisors.com",
    "https://efsimn.com",
    "https://epoch.financial",
    "https://facebook.com/ADVISORNETFINANCIAL",
    "https://facebook.com/AJWFinancial",
    "https://facebook.com/AdvancedWealthManagementGroup",
    "https://facebook.com/AlphaWealthAdvisors1",
    "https://facebook.com/FPPjmg01",
    "https://facebook.com/FSAadvisors",
    "https://facebook.com/PlanViser",
    "https://facebook.com/advancedretirement",
    "https://facebook.com/brumbaughwealthmanagement",
    "https://facebook.com/clearpathwealthadvisors",
    "https://facebook.com/mccabeandassociates",
    "https://financialconsultantsrc.com",
    "https://financialplanpartners.com",
    "https://fsaadvisors.com",
    "https://instagram.com/clearpathwealthadvisorsmn",
    "https://keshemberg.com",
    "https://linkedin.com/company/advanced-retirement-resources-inc.",
    "https://linkedin.com/company/advisornet-financial",
    "https://linkedin.com/company/advisornet-wealth-partners",
    "https://linkedin.com/company/ajw-financial",
    "https://linkedin.com/company/brumbaugh-wealth-management",
    "https://linkedin.com/company/clearpath-wealth-advisors",
    "https://linkedin.com/company/fsa-advisors-llp",
    "https://linkedin.com/company/mccabe-&-associates",
    "https://linkedin.com/company/peak-advisory-group-llc",
    "https://linkedin.com/in/davidschwandt",
    "https://linkedin.com/in/kevin-hemme-02b57865",
    "https://linkedin.com/in/kimberlybrumbaugh",
    "https://mattsonwm.com",
    "https://peakadvisoryco.com",
    "https://planviser.com",
    "https://ppminvestments.net",
    "https://ricecreekwealth.com",
    "https://stonebridgewealthpartners.com",
    "https://tcmccabe.com",
    "https://thealphawealth.com",
    "https://twitter.com/ADVISORNETWM",
    "https://twitter.com/ANFinancial",
    "https://twitter.com/FSAadvisors",
    "https://twitter.com/davidschwandt",
    "https://weinbachinvestment.biz",
    "https://youtube.com/@AdvisorNetFinancial",
    "https://youtube.com/@clearpathwealthadvisors"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/113074",
  "disclosure_items": [
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    }
  ],
  "city_as_filed": "MINNETONKA",
  "url": "https://advisorcensus.com/firm/advisornet-wealth-partners-minnetonka-mn-113074",
  "display_name": "Advisornet Wealth Partners",
  "summary": "Advisornet Wealth Partners is an SEC-registered investment advisory firm in Minnetonka, MN, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.",
  "citation": "AdvisorCensus. Advisornet Wealth Partners (CRD 113074): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Educational seminars/workshops",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Advisornet Wealth Partners compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Advisornet Wealth Partners reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other."
    },
    {
      "q": "Where is Advisornet Wealth Partners located?",
      "a": "Advisornet Wealth Partners' principal office is in Minnetonka, MN, according to its Form ADV; the April 2026 filing also lists 19 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Advisornet Wealth Partners registered with the SEC or a state?",
      "a": "Advisornet Wealth Partners is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 113074."
    },
    {
      "q": "How much does Advisornet Wealth Partners manage?",
      "a": "Advisornet Wealth Partners reports $3,149,498,789 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary)."
    },
    {
      "q": "How have Advisornet Wealth Partners' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Advisornet Wealth Partners: Regulatory assets under management: $3,574,063,258 in the October 2021 data and $3,149,498,789 in the October 2026 data, down 12%. Total employees: 142 in October 2021 and 131 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Advisornet Wealth Partners serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (2,576); high net worth individuals (923); corporations or other businesses not listed above (9)."
    },
    {
      "q": "Which custodians does Advisornet Wealth Partners use?",
      "a": "Advisornet Wealth Partners' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Distributors Company LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Advisornet Wealth Partners report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/113074"
    },
    {
      "q": "What changed in Advisornet Wealth Partners' recent Form ADV filings?",
      "a": "In the April 2026 filing data: No longer lists the business name Sterling Retirement Resources, Inc. No longer lists the business name Advisornet Financial Partners. No longer lists the business name Advisornet Wealth Management. No longer lists the business name Michael D. Petersen. No longer lists the business name FSA Advisors, LLP. No longer lists the business name Peak Advisory. Added the business name Advantage Financial Planning. Added the business name Apex Wealth Services. Added the business name Peak Advisory Group. Employees performing advisory functions went from 74 to 68. Regulatory assets under management went from $2,339,617,295 to $3,149,498,789 (+35%). Changed its office addresses in Exton, PA. Added an office in Bayport, MN. No longer lists an office in Eugene, OR. No longer lists an office in Wayzata, MN."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 3574063258.0,
      "total_employees": 142,
      "filing_date": "2021-09-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 3922193495.0,
      "total_employees": 139,
      "filing_date": "2022-07-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 2563915015.0,
      "total_employees": 123,
      "filing_date": "2023-03-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 2267646782.0,
      "total_employees": 120,
      "filing_date": "2024-04-18"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 2339617295.0,
      "total_employees": 114,
      "filing_date": "2025-07-22"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 3149498789.0,
      "total_employees": 131,
      "filing_date": "2026-03-25"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "No longer lists the business name Sterling Retirement Resources, Inc.",
        "No longer lists the business name Advisornet Financial Partners.",
        "No longer lists the business name Advisornet Wealth Management.",
        "No longer lists the business name Michael D. Petersen.",
        "No longer lists the business name FSA Advisors, LLP.",
        "No longer lists the business name Peak Advisory.",
        "Added the business name Advantage Financial Planning.",
        "Added the business name Apex Wealth Services.",
        "Added the business name Peak Advisory Group.",
        "Employees performing advisory functions went from 74 to 68.",
        "Regulatory assets under management went from $2,339,617,295 to $3,149,498,789 (+35%).",
        "Changed its office addresses in Exton, PA.",
        "Added an office in Bayport, MN.",
        "No longer lists an office in Eugene, OR.",
        "No longer lists an office in Wayzata, MN."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Registered or notice-filed in ID, ME, NV."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in CT, DC, ID, ME, NV, OK."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Distributors Company LLC",
      "name_as_filed": "FIDELITY DISTRIBUTORS COMPANY LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/advisornet-wealth-partners-minnetonka-mn-113074.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 2576,
      "fewer_than_5": false,
      "raum": 867718176.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 923,
      "fewer_than_5": false,
      "raum": 2264719711.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 6,
      "fewer_than_5": false,
      "raum": 11405265.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 9,
      "fewer_than_5": false,
      "raum": 5655637.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/113074",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}