# Split Rock Private Trading and Wealth Management LLC

> 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.

- CRD: 152003
- Filed as: SPLIT ROCK PRIVATE TRADING AND WEALTH MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Cloquet, MN
- Filing period: October 2026
- Form ADV filing dated: April 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/152003
- AdvisorCensus page: https://advisorcensus.com/firm/split-rock-private-trading-and-wealth-management-llc-cloquet-mn-152003

## Quick answers

**How is Split Rock Private Trading and Wealth Management LLC compensated?**
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.

**How much does Split Rock Private Trading and Wealth Management LLC charge?**
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.

**Where is Split Rock Private Trading and Wealth Management LLC located?**
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).

**Is Split Rock Private Trading and Wealth Management LLC registered with the SEC or a state?**
Split Rock Private Trading and Wealth Management LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 152003.

**How much does Split Rock Private Trading and Wealth Management LLC manage?**
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).

**How have Split Rock Private Trading and Wealth Management LLC's assets and staff changed since 2021?**
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.

**What types of clients does Split Rock Private Trading and Wealth Management LLC serve?**
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).

**Which custodians does Split Rock Private Trading and Wealth Management LLC use?**
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.

**Does Split Rock Private Trading and Wealth Management 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/152003

**Does Split Rock Private Trading and Wealth Management LLC state an account minimum?**
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."

**What changed in Split Rock Private Trading and Wealth Management LLC's recent Form ADV filings?**
In the May 2026 filing data: Changed its office addresses in Duluth, MN.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated January 21, 2026)

- Up to $50,000: 1.75% a year
- $50,000 to $500,000: 1.5% a year
- Above $500,000: 1.25% a year

> 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%

- Account minimum: $100,000 (the brochure says it may be waived or negotiated)

> Split Rock generally requires an account minimum of $100,000 for separately managed account clients, which may be waived at Split Rock’s discretion.

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

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage Services LLC
- Trade-PMR 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: $356,141,386
- Discretionary: $348,798,146
- Non-discretionary: $7,343,240

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 596 | $165,537,242 |
| High net worth individuals | 401 | $129,607,813 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 1 | $53,653,091 |
| 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) | Fewer than 5 | $7,343,240 |
| 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)
- 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

### Firm details
- Registered since: 2020 (5 years)
- Employees: 6 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, IL, MN, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Duluth, MN

### Websites listed on Form ADV (Item 1.I)
- splitrocktrading.com
- Facebook facebook.com
- LinkedIn @split-rock-private-trading-520b004b
- X @splitrocktrade

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $137,210,000 | 5 | September 16, 2021 |
| October 2022 | $163,817,354 | 7 | August 23, 2022 |
| October 2023 | $183,072,913 | 7 | April 19, 2023 |
| October 2024 | $224,513,004 | 7 | May 17, 2024 |
| October 2025 | $308,706,394 | 6 | February 19, 2025 |
| October 2026 | $356,141,386 | 6 | April 20, 2026 |

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.

## Changes in the filing (last 12 months)

### May 2026
- Changed its office addresses in Duluth, MN.

### February 2026
- Employees performing advisory functions went from 6 to 5.
- Regulatory assets under management went from $308,706,394 to $356,141,386 (+15%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Split Rock Private Trading and Wealth Management LLC (CRD 152003): Form ADV filing data as of October 2026.