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Parr McKnight Wealth Management Group

Minneapolis, MNSEC-registered investment adviserCRD 330050

Filed as PARR MCKNIGHT WEALTH MANAGEMENT GROUP · Legal name Parr McKnight Wealth Management Group, LLC

Parr McKnight Wealth Management Group is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 2024, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 30, 2026.

2 years
registered since 2024
$1,068,581,930
assets under management
2 arrangements
Percentage of assets, Fixed fees
None
disclosure items (Item 11)

Quick answers

From the filing

How is Parr McKnight Wealth Management Group compensated?

On its Form ADV (Item 5.E, October 2026), Parr McKnight Wealth Management Group reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

Where is Parr McKnight Wealth Management Group located?

Parr McKnight Wealth Management Group's principal office is in Minneapolis, MN, according to its Form ADV.

Is Parr McKnight Wealth Management Group registered with the SEC or a state?

Parr McKnight Wealth Management Group is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 330050.

How much does Parr McKnight Wealth Management Group manage?

Parr McKnight Wealth Management Group reports $1,068,581,930 in regulatory assets under management in its Form ADV filing dated September 30, 2026 (88% discretionary).

How have Parr McKnight Wealth Management Group's assets and staff changed since 2024?

In the Form ADV data for Parr McKnight Wealth Management Group: Regulatory assets under management: $949,203,625 in the October 2024 data and $1,068,581,930 in the October 2026 data, up 13%. Total employees: 13 in October 2024 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going.

What types of clients does Parr McKnight Wealth Management Group serve?

By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (279); high net worth individuals (162); pension and profit sharing plans (but not the plan participants or government pension plans) (162).

Which custodians does Parr McKnight Wealth Management Group use?

Parr McKnight Wealth Management Group's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Tradepmr by Robinhood as a custodian holding 10% or more of its separately managed account assets.

Does Parr McKnight Wealth Management Group 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/330050

What changed in Parr McKnight Wealth Management Group's recent Form ADV filings?

In the October 2026 filing data: Registered or notice-filed in NY.

From the Form ADV filing

Every figure below is as the firm filed it with regulators, as of October 2026.

How the firm is compensated

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

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

Fees and minimums

Form ADV Part 2A

The brochure lists different fees for different services or strategies. See the firm's brochure (dated June 10, 2026) for its fees and any account minimum, on the SEC's IAPD site.

Regulatory assets under management

Item 5.F
$1,068,581,930

$1,068,581,930 as of October 2026, filing dated September 30, 2026.

Discretionary: $935,781,546.Non-discretionary: $132,800,384.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

Who the firm serves

Item 5.D
Individuals (other than high net worth individuals)
Clients 279 Assets $90,044,191 (8%)
High net worth individuals
Clients 162 Assets $802,250,680 (75%)
Pension and profit sharing plans (but not the plan participants or government pension plans)
Clients 162 Assets $82,820,921 (8%)
Charitable organizations
Clients 5 Assets $980,572 (0%)
Corporations or other businesses not listed above
Clients 5 Assets $92,485,566 (9%)

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

Advisory services

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

Registration and firm details

Items 1, 2, 5
Legal name
Parr McKnight Wealth Management Group, LLC
Registration
SEC-registered investment adviser. Status as filed: Approved.
Registered since
2024 (2 years)
Employees
Total: 14. Performing investment advisory functions: 10.
Wrap fee program participation
No.
Custodians (Schedule D, Section 5.K(3))

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.

States registered or notice-filed
12 states or jurisdictions
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SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

Disclosures

Item 11

None Reports no disclosure items on Form ADV Item 11. View on IAPD.

Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures

Assets and staff over time

Items 5.A, 5.F
$949M 2024 $952M 2025 $1.07B 2026
Data periodAssets under managementEmployeesFiling dated
October 2026$1,068,581,93014September 30, 2026
October 2025$952,370,87514March 17, 2025
October 2024$949,203,62513September 26, 2024

Regulatory assets under management: $949,203,625 in the October 2024 data and $1,068,581,930 in the October 2026 data, up 13%.

Total employees: 13 in October 2024 and 14 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

Changes in the filing

Last 12 months
  1. October 2026
    • Registered or notice-filed in NY.
  2. July 2026
    • Registered or notice-filed in TN.
  3. April 2026
    • Updated its list of owners and control persons (Schedule A).
  4. March 2026
    • Employees performing advisory functions went from 5 to 10.
    • Regulatory assets under management went from $952,370,875 to $1,068,581,930 (+12%).

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.

Websites listed on Form ADV

Item 1.I
parrmcknightwmg.com

Source: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."

Cite this page

AdvisorCensus. Parr McKnight Wealth Management Group (CRD 330050): Form ADV filing data as of October 2026.
https://advisorcensus.com/firm/parr-mcknight-wealth-management-group-minneapolis-mn-330050