Wealth manager, independent · Minnetonka, MN
Bluestem Wealth Partners, LLC
SEC-registered investment adviser · CRD 324489 · SEC 801-127198
At a glance
Bluestem Wealth Partners, LLC is an SEC-registered investment adviser based in Minnetonka, Minnesota, with $1.1B in regulatory assets under management as of its Form ADV filed March 25, 2026. It reports 1,679 individual clients, 345 of them high-net-worth, holding an average of about $0.7 million each, and 34 employees. That ranks it 986th among the nation’s 5,657 independent wealth management RIAs and 28th of 140 in Minnesota. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 612-464-0372bluestemwealthpartners.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.1B
- Rank among independent wealth managers
- #986 of 5,657
- Rank among all SEC RIAs
- #5,040 of 17,210
- Rank in Minnesota
- #28 of 140
- Individual clients
- 1,679
- High-net-worth clients
- 345
- Accounts
- 8,328
- Discretionary
- 100% of AUM
- Employees
- 34
- Advisory staff
- 18
- Offices
- 3
Owners and executives on its Form ADV
- Jill B LawrenceChief Executive Officer
- Scott T. MarquardtChief Financial Officer
- Mary Jo KohmanChief Operating Officer
- Andrew S WarningChief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Bluestem Wealth Partners, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 345 | $750M | 67% |
| Individuals | 1,334 | $355M | 32% |
| Pension and profit sharing plans | 8 | $15M | 1% |
Disciplinary disclosures
Bluestem Wealth Partners, LLC 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
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗bluestemwealthpartners.com ↗
AtlasMembers
The full record on Bluestem Wealth Partners, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 2 years of filings
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- Growth over one, three and five years
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- Rank against 3,253 peers of its type and size
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- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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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 |
|---|---|---|
| Great Waters FinancialShoreview | $1.2B | 1,627 |
| Financial PerspectivesMinneapolis | $1.2B | 734 |
| Guardian Wealth Strategies, LLCMinneapols | $1.1B | 1,234 |
| Bearing Point CapitalRichfield | $1.1B | 229 |
| Parr McKnight Wealth Management GroupMinneapolis | $1.1B | 441 |
| Marquette Wealth ManagementMinnetonka | $1.1B | 211 |
Background
Questions
How much does Bluestem Wealth Partners, LLC manage?
Bluestem Wealth Partners, LLC reports $1.1B in regulatory assets under management across 8,328 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 25, 2026.
How many clients does Bluestem Wealth Partners, LLC have?
It reports 1,679 individual clients: 345 high-net-worth individuals and 1,334 other individuals. Individuals account for about 99% of its regulatory assets.
Where is Bluestem Wealth Partners, LLC headquartered?
Its main office is in Minnetonka, Minnesota. It reports 3 offices in total and 34 employees, 18 of whom perform investment advisory functions.
How does Bluestem Wealth Partners, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Bluestem Wealth Partners, LLC use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 25, 2026, it reports these amounts held: Charles Schwab ($1.1B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Bluestem Wealth Partners, LLC a hybrid RIA with a broker-dealer?
Bluestem Wealth Partners, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Bluestem Wealth Partners, LLC a fiduciary?
As an SEC-registered investment adviser, Bluestem Wealth Partners, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Bluestem Wealth Partners, LLC’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 →