Research Report · 2026-06-30
Largest Registered Investment Advisers in Minnesota
Minnesota SEC-registered investment advisers ranked by latest reported regulatory assets under management from ADV Part 1 filings.
Firms
283
Total AUM
$2.46T
Median AUM
$517.5M
Latest Filing
2026-06-30
| Rank↕ | Firm Name | City | CRD↕ | AUM↕ | Employees↕ | Latest Filing | |
|---|---|---|---|---|---|---|---|
| 1 | AMERIPRISE FINANCIAL SERVICES, LLC | MINNEAPOLIS | 6363 | $660.47B | 14,056 | 2026-06-30 | → |
| 2 | U.S. BANCORP ASSET MANAGEMENT, INC. | MINNEAPOLIS | 111912 | $427.48B | 322 | 2026-03-31 | → |
| 3 | GARDA CAPITAL PARTNERS LP | WAYZATA | 282439 | $207.10B | 224 | 2026-03-31 | → |
| 4 | THRIVENT FINANCIAL FOR LUTHERANS | MINNEAPOLIS | 115785 | $128.73B | 4,220 | 2026-06-30 | → |
| 5 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | PLYMOUTH | 116407 | $122.19B | 1,700 | 2026-06-30 | → |
| 6 | RBC GLOBAL ASSET MANAGEMENT (U.S.) INC. | MINNEAPOLIS | 107173 | $104.49B | 212 | 2026-05-31 | → |
| 7 | GALLIARD CAPITAL MANAGEMENT, LLC | MINNEAPOLIS | 106487 | $80.27B | 89 | 2026-03-31 | → |
| 8 | WALLEYE CAPITAL LLC | WAYZATA | 161413 | $52.11B | 380 | 2026-04-30 | → |
| 9 | THRIVENT ASSET MANAGEMENT, LLC | MINNEAPOLIS | 137751 | $47.99B | 426 | 2026-03-31 | → |
| 10 | PINE RIVER CAPITAL MANAGEMENT L.P. | MINNETONKA | 133720 | $46.87B | 31 | 2026-06-30 | → |
| 11 | SECURIAN ASSET MANAGEMENT, INC. | ST PAUL | 109905 | $41.56B | 70 | 2026-03-31 | → |
| 12 | CASTLELAKE, L.P. | MINNEAPOLIS | 145165 | $35.29B | 251 | 2026-03-31 | → |
| 13 | ADVANCED CAPITAL GROUP, INC. | MINNEAPOLIS | 109673 | $29.99B | 22 | 2026-03-31 | → |
| 14 | WINSLOW CAPITAL MANAGEMENT LLC | MINNEAPOLIS | 106940 | $28.66B | 37 | 2026-03-31 | → |
| 15 | U.S. BANCORP INVESTMENTS, INC. | SAINT PAUL | 17868 | $22.94B | 2,148 | 2026-03-31 | → |
| 16 | THRIVENT INVESTMENT CAPITAL ADVISORS, LLC | MINNEAPOLIS | 338378 | $22.78B | 66 | 2026-03-31 | → |
| 17 | THRIVENT INVESTMENT MANAGEMENT INC. | MINNEAPOLIS | 18387 | $20.77B | 3,901 | 2026-04-30 | → |
| 18 | ALLIANZ INVESTMENT MANAGEMENT LLC | MINNEAPOLIS | 111925 | $19.09B | 50 | 2026-03-31 | → |
| 19 | AB CARVAL INVESTORS, LP | MINNEAPOLIS | 141819 | $18.44B | 169 | 2026-03-31 | → |
| 20 | WHITEBOX ADVISORS LLC | MINNEAPOLIS | 121995 | $15.74B | 67 | 2026-03-31 | → |
| 21 | SIT FIXED INCOME ADVISORS II, LLC | MINNEAPOLIS | 108271 | $14.97B | 73 | 2026-06-30 | → |
| 22 | CLIFTONLARSONALLEN WEALTH ADVISORS, LLC | MINNEAPOLIS | 38357 | $14.43B | 158 | 2026-03-31 | → |
| 23 | DEVENIR INVESTMENT ADVISORS, LLC | BLOOMINGTON | 132824 | $12.99B | 11 | 2026-03-31 | → |
| 24 | NORTHROCK PARTNERS, LLC | MINNEAPOLIS | 167908 | $12.19B | 233 | 2026-03-31 | → |
| 25 | MAIRS AND POWER INC | ST. PAUL | 110351 | $12.14B | 60 | 2026-04-30 | → |
| 26 | FIDUCIARY COUNSELLING INC | ST PAUL | 104753 | $10.06B | 87 | 2026-03-31 | → |
| 27 | INTELLICENTS INVESTMENT SOLUTIONS INC | ALBERT LEA | 107498 | $9.92B | 80 | 2026-06-30 | → |
| 28 | GRADIENT INVESTMENTS, LLC | ARDEN HILLS | 141726 | $8.20B | 41 | 2026-06-30 | → |
| 29 | HAYS FINANCIAL GROUP, LLC | MINNEAPOLIS | 306877 | $7.45B | 12 | 2026-03-31 | → |
| 30 | CARVAL CLO MANAGEMENT LLC | MINNEAPOLIS | 298135 | $7.30B | 1 | 2026-03-31 | → |
| 31 | THRIVENT ADVISOR NETWORK, LLC | MINNEAPOLIS | 304569 | $6.84B | 119 | 2026-06-30 | → |
| 32 | FOCUS FINANCIAL NETWORK, INC. | MINNEAPOLIS | 116140 | $6.82B | 189 | 2026-03-31 | → |
| 33 | DISCIPLINED GROWTH INVESTORS INC | MINNEAPOLIS | 106746 | $5.48B | 21 | 2026-03-31 | → |
| 34 | RIVERBRIDGE PARTNERS LLC | MINNEAPOLIS | 108074 | $5.03B | 46 | 2026-03-31 | → |
| 35 | CLEARWATER MANAGEMENT CO., INC. | ST PAUL | 105307 | $4.68B | 1 | 2026-03-31 | → |
| 36 | ACCREDITED INVESTORS INC | EDINA | 105439 | $4.41B | 53 | 2026-03-31 | → |
| 37 | NORTHCREST ASSET MANAGEMENT LLC | PLYMOUTH | 300366 | $4.33B | 12 | 2026-03-31 | → |
| 38 | PEREGRINE CAPITAL MANAGEMENT, LLC | MINNEAPOLIS | 110052 | $4.07B | 28 | 2026-03-31 | → |
| 39 | NORWEST CAPITAL ADVISORS, LLC | MINNEAPOLIS | 323642 | $3.84B | 40 | 2026-04-30 | → |
| 40 | CARLSON CAPITAL MANAGEMENT, LLC | NORTHFIELD | 281544 | $3.81B | 78 | 2025-03-31 | → |
| 41 | PROTERRA INVESTMENT PARTNERS LP | MINNEAPOLIS | 282051 | $3.71B | 61 | 2026-05-31 | → |
| 42 | SIT INVESTMENT ASSOCIATES, INC | MINNEAPOLIS | 105725 | $3.54B | 73 | 2026-06-30 | → |
| 43 | EHLERS INVESTMENT PARTNERS, LLC | MINNEAPOLIS | 146385 | $3.17B | 13 | 2025-09-30 | → |
| 44 | ADVISORNET FINANCIAL, INC. | MINNETONKA | 113074 | $3.15B | 131 | 2026-03-31 | → |
| 45 | BPS CAPITAL MANAGEMENT, INC. | BLOOMINGTON | 120006 | $3.10B | 5 | 2026-01-31 | → |
| 46 | BERGER FINANCIAL GROUP, INC. | PLYMOUTH | 308174 | $2.95B | 89 | 2026-03-31 | → |
| 47 | TRADITION WEALTH MANAGEMENT LLC | EDINA | 128314 | $2.60B | 32 | 2026-06-30 | → |
| 48 | ARTHUR VENTURES MANAGEMENT 2, LLC | MINNEAPOLIS | 326592 | $2.56B | 19 | 2026-04-30 | → |
| 49 | COMPASS CAPITAL MANAGEMENT INC | MINNEAPOLIS | 107823 | $2.56B | 20 | 2026-03-31 | → |
| 50 | LOCORR FUND MANAGEMENT, LLC | EXCELSIOR | 156247 | $2.53B | 8 | 2026-02-28 | → |
| 51 | STONEBRIDGE CAPITAL ADVISORS LLC | ST. PAUL | 111447 | $2.52B | 31 | 2026-03-31 | → |
| 52 | BOULAY FINANCIAL ADVISORS, LLC | EDEN PRAIRIE | 111334 | $2.42B | 44 | 2025-08-31 | → |
| 53 | EFS ADVISORS LLC | CAMBRIDGE | 115211 | $2.40B | 59 | 2026-03-31 | → |
| 54 | STAIRWAY PARTNERS, LLC | MINNEAPOLIS | 133157 | $2.36B | 5 | 2026-01-31 | → |
| 55 | OKABENA INVESTMENT SERVICES INC | MINNEAPOLIS | 111162 | $2.12B | 18 | 2026-03-31 | → |
| 56 | PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | EDINA | 117962 | $2.03B | 34 | 2026-04-30 | → |
| 57 | MARKS GROUP WEALTH MANAGEMENT, INC. | MINNETONKA | 148679 | $2.02B | 14 | 2026-03-31 | → |
| 58 | JNBA FINANCIAL ADVISORS, LLC | BLOOMINGTON | 106550 | $2.01B | 36 | 2026-03-31 | → |
| 59 | SILVEROAK WEALTH MANAGEMENT LLC | EDINA | 110532 | $2.00B | 23 | 2026-03-31 | → |
| 60 | GRANITE EQUITY PARTNERS LLC | ST. CLOUD | 158378 | $1.89B | 34 | 2026-03-31 | → |
| 61 | CAPITAL MANAGEMENT ASSOCIATES INC | MINNEAPOLIS | 105010 | $1.88B | 17 | 2026-03-31 | → |
| 62 | U.S. BANCORP ADVISORS, LLC | SAINT PAUL | 14455 | $1.80B | 379 | 2026-03-31 | → |
| 63 | CAHILL FINANCIAL ADVISORS, INC. | EDINA | 109890 | $1.77B | 22 | 2026-03-31 | → |
| 64 | YUKON PARTNERS MANAGEMENT, L.L.C. | MINNEAPOLIS | 159991 | $1.75B | 19 | 2026-03-31 | → |
| 65 | MURRAY FINANCIAL GROUP, LLC | ALBERT LEA | 157626 | $1.55B | 17 | 2026-02-28 | → |
| 66 | STRATEGIC WEALTH GROUP REGISTERED INVESTMENT ADVISOR, LLC | EDEN PRAIRIE | 284430 | $1.54B | 23 | 2026-06-30 | → |
| 67 | NEXT CENTURY GROWTH INVESTORS LLC | PLYMOUTH | 108978 | $1.52B | 9 | 2026-03-31 | → |
| 68 | MIDWEST FINANCIAL PARTNERS INVESTMENTS, INC. | ST. CLOUD | 173790 | $1.52B | 30 | 2026-02-28 | → |
| 69 | EXCELSIOR RENEWABLE ENERGY MANAGEMENT COMPANY LP | EXCELSIOR | 289890 | $1.51B | 25 | 2026-03-31 | → |
| 70 | MLG WEALTH MANAGEMENT, INC. | WOODBURY | 308193 | $1.49B | 24 | 2026-05-31 | → |
| 71 | REDHAWK WEALTH ADVISORS, INC. | MINNEAPOLIS | 146616 | $1.46B | 55 | 2026-06-30 | → |
| 72 | OSP, LLC | EDINA | 169245 | $1.43B | 35 | 2026-03-31 | → |
| 73 | FIRST LIGHT ASSET MANAGEMENT, LLC | EDINA | 168899 | $1.41B | 14 | 2026-03-31 | → |
| 74 | AFFIANCE FINANCIAL LLC | ST. LOUIS PARK | 113200 | $1.37B | 25 | 2026-06-30 | → |
| 75 | RICE PARK CAPITAL MANAGEMENT LP | PLYMOUTH | 304990 | $1.37B | 21 | 2026-06-30 | → |
| 76 | TTCP MANAGEMENT SERVICES, LLC | BLOOMINGTON | 165448 | $1.28B | 18 | 2026-03-31 | → |
| 77 | PIPER SANDLER & CO. | MINNEAPOLIS | 665 | $1.28B | 1,402 | 2026-03-31 | → |
| 78 | PALISADE ASSET MANAGEMENT, LLC | MINNEAPOLIS | 136089 | $1.27B | 10 | 2026-03-31 | → |
| 79 | GREAT WATERS WEALTH MANAGEMENT | SHOREVIEW | 308215 | $1.24B | 42 | 2026-04-30 | → |
| 80 | BLACK LAKE INVESTMENTS LLC | WAYZATA | 334605 | $1.19B | 5 | 2026-04-30 | → |
| 81 | THE LEUTHOLD GROUP, LLC | MINNEAPOLIS | 105826 | $1.17B | 17 | 2026-03-31 | → |
| 82 | FINANCIAL PERSPECTIVES, INC. | MINNEAPOLIS | 135549 | $1.17B | 14 | 2026-03-31 | → |
| 83 | SHOREVIEW INDUSTRIES V, LLC | MINNEAPOLIS | 156686 | $1.17B | 19 | 2026-03-31 | → |
| 84 | GUARDIAN WEALTH STRATEGIES, LLC | MINNEAPOLS | 167485 | $1.14B | 11 | 2026-02-28 | → |
| 85 | BLUESTEM WEALTH PARTNERS, LLC | MINNETONKA | 324489 | $1.12B | 34 | 2026-03-31 | → |
| 86 | ASA MANAGED ACCOUNT MANAGERS LLC | MINNEAPOLIS | 162855 | $1.12B | 1 | 2026-06-30 | → |
| 87 | BEARING POINT CAPITAL, LLC | RICHFIELD | 332023 | $1.11B | 7 | 2026-04-30 | → |
| 88 | MINNEAPOLIS PORTFOLIO MANAGEMENT GROUP, LLC | WAYZATA | 129963 | $1.10B | 9 | 2026-03-31 | → |
| 89 | PRAIRIEVIEW PARTNERS, LLC | ST. PAUL | 145743 | $1.09B | 21 | 2025-02-28 | → |
| 90 | PARR MCKNIGHT WEALTH MANAGEMENT GROUP, LLC | MINNEAPOLIS | 330050 | $1.07B | 14 | 2026-06-30 | → |
| 91 | NORTHSTAR COMPANY, LLC | MINNEAPOLIS | 158003 | $1.02B | 17 | 2026-03-31 | → |
| 92 | EVEREST FINANCIAL GROUP LLC | MINNEAPOLIS | 137260 | $1.00B | 12 | 2026-03-31 | → |
| 93 | NORTH SKY CAPITAL, LLC | WAYZATA | 133959 | $986.1M | 17 | 2026-03-31 | → |
| 94 | CCM INVESTMENT GROUP, LLC | NORTHFIELD | 327915 | $951.6M | 3 | 2025-03-31 | → |
| 95 | DGV SOLUTIONS LP | MINNETONKA | 174379 | $944.4M | 6 | 2026-03-31 | → |
| 96 | GOLDNER HAWN LP | MINNEAPOLIS | 299154 | $898.9M | 13 | 2026-04-30 | → |
| 97 | ALL STAR FINANCIAL LLC | MINNEAPOLIS | 323765 | $881.7M | 14 | 2026-02-28 | → |
| 98 | RUNNING OAK CAPITAL LLC | EDINA | 286656 | $874.7M | 2 | 2026-05-31 | → |
| 99 | MARQUETTE ASSET MANAGEMENT, LLC | MINNEAPOLIS | 282482 | $871.6M | 7 | 2026-03-31 | → |
| 100 | ESTUARY CAPITAL MANAGEMENT LP | WAYZATA | 323379 | $853.9M | 13 | 2026-03-31 | → |
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