Wealth manager, independent · Minnetonka, MN
Advisornet Wealth Partners
Advisornet Financial, Inc. · SEC-registered investment adviser · CRD 113074 · SEC 801-77035
At a glance
Advisornet Wealth Partners is an SEC-registered investment adviser based in Minnetonka, Minnesota, with $3.1B in regulatory assets under management as of its Form ADV filed March 25, 2026. It reports 3,499 individual clients, 923 of them high-net-worth, holding an average of about $0.9 million each, and 131 employees. That ranks it 344th among the nation’s 5,657 independent wealth management RIAs and 7th of 140 in Minnesota. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity Distributors Company.
Main office 612-347-8600advisornet.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $3.1B
- Rank among independent wealth managers
- #344 of 5,657
- Rank among all SEC RIAs
- #2,751 of 17,210
- Rank in Minnesota
- #7 of 140
- Individual clients
- 3,499
- High-net-worth clients
- 923
- Accounts
- 9,293
- Discretionary
- 100% of AUM
- Employees
- 131
- Advisory staff
- 68
- Offices
- 38
Owners and executives on its Form ADV
- Daniel J. MayDirect Owner
- James A. KomoszewskiCEO & President & Chairman
- Jennifer L. HaasCOO / Director
- Jared S. PriceDirect Owner
- Steven A. CorlessVp, CCO
Custody and brokerage
Broker-dealer
Hybrid RIA
Advisornet Wealth Partners is a hybrid RIA: 47 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed March 2026) names Cetera Wealth Services, Cetera and Cetera Advisor Networks as the broker-dealer its advisers are registered with.
epresentatives in their individual capacities as registered representatives of Cetera Wealth Services, LLC or investment adviser representatives of Cetera Investment Advisers LLC (“ Cetera Wealth ADV2A v.03.XX.202 6 Page 7 of 19 Services ”
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 923 | $2.3B | 72% |
| Individuals | 2,576 | $868M | 28% |
| Charitable organizations | 6 | $11M | <1% |
| Corporations or other businesses | 9 | $6M | <1% |
Disciplinary disclosures
Advisornet Wealth Partners reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Pension consulting
- Selecting other advisers
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗advisornet.com ↗
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- Assets, accounts, clients and staff, ten years of filings
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Minnesota
All of Minnesota →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Focus FinancialMinneapolis | $6.8B | 13,560 |
| RiverbridgeMinneapolis | $5.0B | 3,482 |
| Accredited Investors Wealth ManagementEdina | $4.4B | 942 |
| Boulay WealthEden Prairie | $3.0B | 1,096 |
| Berger Financial GroupPlymouth | $2.9B | 3,755 |
| Tradition Wealth Management LLCEdina | $2.6B | 2,155 |
Background
Questions
How much does Advisornet Wealth Partners manage?
Advisornet Wealth Partners reports $3.1B in regulatory assets under management across 9,293 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 25, 2026.
How many clients does Advisornet Wealth Partners have?
It reports 3,499 individual clients: 923 high-net-worth individuals and 2,576 other individuals. Individuals account for about 99% of its regulatory assets.
Where is Advisornet Wealth Partners headquartered?
Its main office is in Minnetonka, Minnesota. It reports 38 offices in total and 131 employees, 68 of whom perform investment advisory functions.
How does Advisornet Wealth Partners charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Advisornet Wealth Partners use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity Distributors Company. On Schedule D of its Form ADV filed March 25, 2026, it reports these amounts held: Charles Schwab ($1.8B); Fidelity Distributors Company ($280M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Advisornet Wealth Partners a hybrid RIA with a broker-dealer?
Advisornet Wealth Partners is a hybrid RIA: 47 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Advisornet Wealth Partners a fiduciary?
As an SEC-registered investment adviser, Advisornet Wealth Partners owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 47 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Advisornet Wealth Partners’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-25), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →