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RIAs by state · SEC data as of October 1, 2026

RIAs in North Dakota

The SEC-registered investment advisers based in North Dakota, what they manage, and the largest independent wealth managers.

North Dakota is home to 8 wealth-focused RIAs managing $2.4B, 50th of 51 states and DC. The largest is Brady Martz Wealth Solutions, LLC in Grand Forks, with $795M.

Wealth-focused RIAs
8
50th of 51
Their assets
$2.4B
50th of 51
$1B+ firms
0
Median $209M
All SEC RIAs
9
50 employees

Largest independent wealth managers in North Dakota

Largest independent wealth managers headquartered in North Dakota
#FirmHeadquartersRegulatory AUMIndividual clientsEmployees
1Brady Martz Wealth Solutions, LLCSEC recordGrand Forks$795M43911
2Prairiewood Wealth ManagementSEC recordFargo$365M2348
3Johnson Wealth Management, LLCSEC recordGrand Forks$323M1692
4Wealth Forward, LLCSEC recordFargo$228M3552
5Financial Strategies GroupSEC recordFargo$189M65910
6Fjell CapitalSEC recordFargo$187M2024
7Light Financial Services, Inc.SEC recordFargo$176M6212

Ranked by regulatory assets under management on each firm’s latest Form ADV. Excludes broker-dealers’ advisory arms and managed-account platforms. Nationally: the 100 largest RIAs.

Questions

How many RIAs are there in North Dakota?

9 SEC-registered investment advisers have their main office in North Dakota, and 8 of them are wealth-focused, managing at least half of their assets for individuals and high-net-worth clients. That ranks North Dakota 50th of 51 states and DC, according to Financial ADVSR’s count of SEC data as of October 1, 2026.

What is the largest RIA in North Dakota?

Brady Martz Wealth Solutions, LLC, based in Grand Forks, is the largest independent wealth manager headquartered in North Dakota, with $795M in regulatory assets under management and 439 individual clients on its latest Form ADV.

How much do North Dakota RIAs manage?

Wealth-focused RIAs based in North Dakota report $2.4B in regulatory assets under management, 50th among the states. 0 of them manage $1 billion or more; the median manages $209M.

How we built this

The SEC publishes a list of every registered investment adviser, drawn from each firm’s Form ADV. We used the list current through October 1, 2026, kept the 16,943 advisers the SEC shows as approved, and placed each in the state of its main office; 14,641 are based in the United States. Regulatory assets under management come from Item 5.F, client counts from Item 5.D.

Wealth-focused RIAs manage at least half of their assets for individuals and high-net-worth clients, the same test as our RIA Custody Tracker; there are 8,130 in the US. Rankings and each state’s largest-firms list show independent wealth managers only: wealth-focused firms that offer financial planning, are not themselves broker-dealers, and hold less than half their assets in wrap programs they sponsor or manage. That leaves out wirehouse and broker-dealer advisory arms and managed-account platforms, which still count in each state’s totals.

What it doesn’t show

  • State-registered advisers, most of which manage less than $100 million, register with their state regulator and aren’t in SEC data.
  • A firm counts only in its main office state, though many have offices in several.
  • Figures are as of each adviser’s latest annual Form ADV update, usually its December 31 fiscal year-end, so they lag recent deals.
  • Firms that file under more than one registration (an RIA and a separate institutional arm, for example) appear as separate advisers.

The data is free to use with credit to Financial ADVSR. Questions or corrections: contact the editors.

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