# Gradient Investments, LLC

> Gradient Investments, LLC is an SEC-registered investment advisory firm in Arden Hills, MN, registered since 2009, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 30, 2026.

- CRD: 141726
- Filed as: GRADIENT INVESTMENTS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Arden Hills, MN
- Filing period: October 2026
- Form ADV filing dated: September 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/141726
- AdvisorCensus page: https://advisorcensus.com/firm/gradient-investments-llc-arden-hills-mn-141726

## Quick answers

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

**Where is Gradient Investments, LLC located?**
Gradient Investments, LLC's principal office is in Arden Hills, MN, according to its Form ADV.

**Is Gradient Investments, LLC registered with the SEC or a state?**
Gradient Investments, LLC is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 141726.

**How much does Gradient Investments, LLC manage?**
Gradient Investments, LLC reports $8,836,117,690 in regulatory assets under management in its Form ADV filing dated September 30, 2026 (100% discretionary).

**How have Gradient Investments, LLC's assets and staff changed since 2021?**
In the Form ADV data for Gradient Investments, LLC: Regulatory assets under management: $3,237,742,557 in the October 2021 data and $8,836,117,690 in the October 2026 data, up 173%. Total employees: 35 in October 2021 and 41 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Gradient Investments, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (24,809); high net worth individuals (1,994); pension and profit sharing plans (but not the plan participants or government pension plans) (3).

**Which custodians does Gradient Investments, LLC use?**
Gradient Investments, 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 Gradient Investments, LLC report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a 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/141726

**What changed in Gradient Investments, LLC's recent Form ADV filings?**
In the July 2026 filing data: Employees performing advisory functions went from 14 to 15.

## From the Form ADV filing

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

### 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: $8,836,117,690
- Discretionary: $8,836,117,690
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 24,809 | $5,462,864,517 |
| High net worth individuals | 1,994 | $3,368,788,932 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 3 | $4,464,241 |

### Advisory services (Item 5.G)
- 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: 2009 (16 years)
- Employees: 41 total, 15 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/141726

### Websites listed on Form ADV (Item 1.I)
- gradientinvestments.com
- Facebook @Gradient-Investments-LLC-236379150467050
- X @GI_INVEST

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,237,742,557 | 35 | June 15, 2021 |
| October 2022 | $4,080,420,870 | 38 | September 20, 2022 |
| October 2023 | $4,613,194,216 | 39 | September 7, 2023 |
| October 2024 | $5,268,163,746 | 39 | April 5, 2024 |
| October 2025 | $6,561,513,134 | 40 | May 13, 2025 |
| October 2026 | $8,836,117,690 | 41 | September 30, 2026 |

Regulatory assets under management: $3,237,742,557 in the October 2021 data and $8,836,117,690 in the October 2026 data, up 173%.
Total employees: 35 in October 2021 and 41 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Employees performing advisory functions went from 14 to 15.

### May 2026
- Employees performing advisory functions went from 15 to 14.

### April 2026
- Employees performing advisory functions went from 16 to 15.

### March 2026
- Employees performing advisory functions went from 15 to 16.

### February 2026
- Employees performing advisory functions went from 14 to 15.

### January 2026
- Regulatory assets under management went from $7,096,331,987 to $8,074,573,456 (+14%).
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Employees performing advisory functions went from 15 to 14.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Gradient Investments, LLC (CRD 141726): Form ADV filing data as of October 2026.