# Bluestem Wealth Partners, LLC

> Bluestem Wealth Partners, LLC is an SEC-registered investment advisory firm in Minnetonka, MN, registered since 2023, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 324489
- Filed as: BLUESTEM WEALTH PARTNERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minnetonka, MN
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/324489
- AdvisorCensus page: https://advisorcensus.com/firm/bluestem-wealth-partners-llc-minnetonka-mn-324489

## Quick answers

**How is Bluestem Wealth Partners, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Bluestem Wealth Partners, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**How much does Bluestem Wealth Partners, LLC charge?**
Its Form ADV Part 2A brochure dated March 25, 2026 states: Flat fee: $300 to $20,000 (Financial Planning and Consulting Services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Bluestem Wealth Partners, LLC located?**
Bluestem Wealth Partners, LLC's principal office is in Minnetonka, MN, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Bluestem Wealth Partners, LLC registered with the SEC or a state?**
Bluestem Wealth Partners, LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 324489.

**How much does Bluestem Wealth Partners, LLC manage?**
Bluestem Wealth Partners, LLC reports $1,120,000,000 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).

**How have Bluestem Wealth Partners, LLC's assets and staff changed since 2023?**
In the Form ADV data for Bluestem Wealth Partners, LLC: Regulatory assets under management: $592,874,310 in the October 2023 data and $1,120,000,000 in the October 2026 data, up 89%. Total employees: 39 in October 2023 and 34 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Bluestem Wealth Partners, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,334); high net worth individuals (345); pension and profit sharing plans (but not the plan participants or government pension plans) (8).

**Which custodians does Bluestem Wealth Partners, LLC use?**
Bluestem Wealth Partners, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Bluestem Wealth Partners, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/324489

**Does Bluestem Wealth Partners, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 25, 2026 says: "BlueStem does not impose a minimum portfolio size or a minimum initial investment to open an account."

**What changed in Bluestem Wealth Partners, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 33 to 18. Regulatory assets under management went from $968,000,000 to $1,120,000,000 (+16%). No longer lists an office in New Brighton, MN.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 25, 2026)

- Account minimum: None

> BlueStem does not impose a minimum portfolio size or a minimum initial investment to open an account.

- Flat fee: $300 to $20,000 (Financial Planning and Consulting Services)

> Clients that are receiving financial planning services only are charged a fixed fee ranging from $300 to $20,000, depending on the complexity of a client’s plan and services provided.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $1,120,000,000
- Discretionary: $1,120,000,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,334 | $355,000,000 |
| High net worth individuals | 345 | $750,000,000 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 8 | $15,000,000 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2023 (3 years)
- Employees: 34 total, 18 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, IA, IL, MN, NC, ND, NY, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Delano, MN
- Litchfield, MN

### Websites listed on Form ADV (Item 1.I)
- bluestemwealthpartners.com
- Facebook @bluestemwealthpartners.com
- LinkedIn @bluestem-wealth-partners
- YouTube @BlueStemWealthPartners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $592,874,310 | 39 | August 23, 2023 |
| October 2024 | $811,000,000 | 39 | March 7, 2024 |
| October 2025 | $968,000,000 | 33 | July 18, 2025 |
| October 2026 | $1,120,000,000 | 34 | March 25, 2026 |

Regulatory assets under management: $592,874,310 in the October 2023 data and $1,120,000,000 in the October 2026 data, up 89%.
Total employees: 39 in October 2023 and 34 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 33 to 18.
- Regulatory assets under management went from $968,000,000 to $1,120,000,000 (+16%).
- No longer lists an office in New Brighton, MN.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bluestem Wealth Partners, LLC (CRD 324489): Form ADV filing data as of October 2026.