# Midwest Financial Partners

> Midwest Financial Partners is an SEC-registered investment advisory firm in St. Cloud, MN, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated February 3, 2026.

- CRD: 173790
- Filed as: MIDWEST FINANCIAL PARTNERS
- Legal name: Midwest Financial Partners Investments, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: St. Cloud, MN
- Filing period: October 2026
- Form ADV filing dated: February 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/173790
- AdvisorCensus page: https://advisorcensus.com/firm/midwest-financial-partners-st-cloud-mn-173790

## Quick answers

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

**Where is Midwest Financial Partners located?**
Midwest Financial Partners' principal office is in St. Cloud, MN, according to its Form ADV.

**Is Midwest Financial Partners registered with the SEC or a state?**
Midwest Financial Partners is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 173790.

**How much does Midwest Financial Partners manage?**
Midwest Financial Partners reports $1,516,471,013 in regulatory assets under management in its Form ADV filing dated February 3, 2026 (97% discretionary).

**How have Midwest Financial Partners' assets and staff changed since 2021?**
In the Form ADV data for Midwest Financial Partners: Regulatory assets under management: $779,112,515 in the October 2021 data and $1,516,471,013 in the October 2026 data, up 95%. Total employees: 17 in October 2021 and 30 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Midwest Financial Partners serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (326); individuals (other than high net worth individuals) (112); pension and profit sharing plans (but not the plan participants or government pension plans) (64).

**Which custodians does Midwest Financial Partners use?**
Midwest Financial Partners' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing Advisor Solutions LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Midwest Financial Partners 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/173790

**What changed in Midwest Financial Partners' recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $1,263,584,127 to $1,516,471,013 (+20%). Registered or notice-filed in ID.

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Pershing Advisor Solutions LLC

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: $1,516,471,013
- Discretionary: $1,474,127,841
- Non-discretionary: $42,343,172

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 112 | $473,629,046 |
| High net worth individuals | 326 | $1,008,142,310 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 64 | $12,947,021 |
| Charitable organizations | 16 | $17,221,079 |
| Corporations or other businesses not listed above | 13 | $4,531,557 |

### 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

### Firm details
- Registered since: 2014 (11 years)
- Employees: 30 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, GA, IA, ID, IL, IN, MI, MN, ND, NY, OH, OR, PA, SD, TN, TX, WA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- mfpmn.com
- Facebook @MidwestFinancialPartners
- LinkedIn @mfp-inc.
- YouTube @midwestfinancialpartnersin5510

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $779,112,515 | 17 | August 9, 2021 |
| October 2022 | $982,742,633 | 24 | March 11, 2022 |
| October 2023 | $873,532,090 | 24 | March 8, 2023 |
| October 2024 | $1,100,686,283 | 26 | March 12, 2024 |
| October 2025 | $1,263,584,127 | 28 | February 26, 2025 |
| October 2026 | $1,516,471,013 | 30 | February 3, 2026 |

Regulatory assets under management: $779,112,515 in the October 2021 data and $1,516,471,013 in the October 2026 data, up 95%.
Total employees: 17 in October 2021 and 30 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $1,263,584,127 to $1,516,471,013 (+20%).
- Registered or notice-filed in ID.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Midwest Financial Partners (CRD 173790): Form ADV filing data as of October 2026.