{
  "crd_number": 152003,
  "slug": "split-rock-private-trading-and-wealth-management-llc-cloquet-mn-152003",
  "primary_business_name": "SPLIT ROCK PRIVATE TRADING AND WEALTH MANAGEMENT LLC",
  "legal_name": "SPLIT ROCK PRIVATE TRADING AND WEALTH MANAGEMENT LLC",
  "dbas": [],
  "city": "Cloquet",
  "state": "MN",
  "country": "United States",
  "cbsa_code": "20260",
  "metro": {
    "cbsa_code": "20260",
    "common_name": "Duluth",
    "msa_name": "Duluth, MN-WI",
    "path": "/advisors/mn/duluth"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-10-09",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-04-20",
  "carried_forward": false,
  "raum_total": 356141386.0,
  "raum_discretionary": 348798146.0,
  "raum_non_discretionary": 7343240.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 6,
  "advisory_employees": 5,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 0.0,
      "count": 0
    },
    "individuals": {
      "raum": 165537242.0,
      "count": 596
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 53653091.0,
      "count": 1
    },
    "pension_profit_sharing": {
      "raum": 7343240.0,
      "count": null,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 129607813.0,
      "count": 401
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "IL",
    "MN",
    "TX",
    "WI"
  ],
  "websites": [
    "https://facebook.com/profile.php?id=100063605678638",
    "https://linkedin.com/in/split-rock-private-trading-520b004b",
    "https://splitrocktrading.com",
    "https://x.com/splitrocktrade"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/152003",
  "city_as_filed": "CLOQUET",
  "url": "https://advisorcensus.com/firm/split-rock-private-trading-and-wealth-management-llc-cloquet-mn-152003",
  "display_name": "Split Rock Private Trading and Wealth Management LLC",
  "summary": "Split Rock Private Trading and Wealth Management LLC is an SEC-registered investment advisory firm in Cloquet, MN, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 20, 2026.",
  "citation": "AdvisorCensus. Split Rock Private Trading and Wealth Management LLC (CRD 152003): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Split Rock Private Trading and Wealth Management LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Split Rock Private Trading and Wealth Management LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "How much does Split Rock Private Trading and Wealth Management LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated January 21, 2026 states: Up to $50,000: 1.75% a year; $50,000 to $500,000: 1.5% a year; Above $500,000: 1.25% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Split Rock Private Trading and Wealth Management LLC located?",
      "a": "Split Rock Private Trading and Wealth Management LLC's principal office is in Cloquet, MN, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Split Rock Private Trading and Wealth Management LLC registered with the SEC or a state?",
      "a": "Split Rock Private Trading and Wealth Management LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 152003."
    },
    {
      "q": "How much does Split Rock Private Trading and Wealth Management LLC manage?",
      "a": "Split Rock Private Trading and Wealth Management LLC reports $356,141,386 in regulatory assets under management in its Form ADV filing dated April 20, 2026 (98% discretionary)."
    },
    {
      "q": "How have Split Rock Private Trading and Wealth Management LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Split Rock Private Trading and Wealth Management LLC: Regulatory assets under management: $137,210,000 in the October 2021 data and $356,141,386 in the October 2026 data, up 160%. Total employees: 5 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Split Rock Private Trading and Wealth Management LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (596); high net worth individuals (401); investment companies (1)."
    },
    {
      "q": "Which custodians does Split Rock Private Trading and Wealth Management LLC use?",
      "a": "Split Rock Private Trading and Wealth Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC and Trade-PMR Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Split Rock Private Trading and Wealth Management LLC report any disciplinary disclosures?",
      "a": "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/152003"
    },
    {
      "q": "Does Split Rock Private Trading and Wealth Management LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated January 21, 2026 says: \"Split Rock generally requires an account minimum of $100,000 for separately managed account clients, which may be waived at Split Rock’s discretion.\""
    },
    {
      "q": "What changed in Split Rock Private Trading and Wealth Management LLC's recent Form ADV filings?",
      "a": "In the May 2026 filing data: Changed its office addresses in Duluth, MN."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 137210000.0,
      "total_employees": 5,
      "filing_date": "2021-09-16"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 163817354.0,
      "total_employees": 7,
      "filing_date": "2022-08-23"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 183072913.0,
      "total_employees": 7,
      "filing_date": "2023-04-19"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 224513004.0,
      "total_employees": 7,
      "filing_date": "2024-05-17"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 308706394.0,
      "total_employees": 6,
      "filing_date": "2025-02-19"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 356141386.0,
      "total_employees": 6,
      "filing_date": "2026-04-20"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Changed its office addresses in Duluth, MN."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Employees performing advisory functions went from 6 to 5.",
        "Regulatory assets under management went from $308,706,394 to $356,141,386 (+15%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated January 21, 2026",
    "provided_by_the_firm": false,
    "tiers": [
      {
        "band": "Up to $50,000",
        "rate": "1.75%"
      },
      {
        "band": "$50,000 to $500,000",
        "rate": "1.5%"
      },
      {
        "band": "Above $500,000",
        "rate": "1.25%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$100,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $50,000: 1.75% a year",
          "$50,000 to $500,000: 1.5% a year",
          "Above $500,000: 1.25% a year"
        ],
        "quotes": [
          "Split Rock’s compensation for the provision of advisory services for separately managed accounts is negotiable but generally adheres to the following fee schedule: Assets under Management Annual Fees Up to $50,000 1.75% $50,000 - $500,000 1.50% Above $500,000 1.25%"
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $100,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Split Rock generally requires an account minimum of $100,000 for separately managed account clients, which may be waived at Split Rock’s discretion."
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": 0.0,
          "max": 50000.0,
          "rate_pct": 1.75
        },
        {
          "min": 50000.0,
          "max": 500000.0,
          "rate_pct": 1.5
        },
        {
          "min": 500000.0,
          "max": null,
          "rate_pct": 1.25
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 100000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Split Rock’s compensation for the provision of advisory services for separately managed accounts is negotiable but generally adheres to the following fee schedule: Assets under Management Annual Fees Up to $50,000 1.75% $50,000 - $500,000 1.50% Above $500,000 1.25%",
      "Split Rock generally requires an account minimum of $100,000 for separately managed account clients, which may be waived at Split Rock’s discretion."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    },
    {
      "name": "Trade-PMR Inc.",
      "name_as_filed": "TRADE-PMR INC.",
      "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/split-rock-private-trading-and-wealth-management-llc-cloquet-mn-152003.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 596,
      "fewer_than_5": false,
      "raum": 165537242.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 401,
      "fewer_than_5": false,
      "raum": 129607813.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 53653091.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 7343240.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "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/152003",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}