Asset manager · Minneapolis, MN
Ehlers
Ehlers Investment Partners, LLC · SEC-registered investment adviser · CRD 146385 · SEC 801-69849
At a glance
Ehlers is an SEC-registered investment adviser based in Minneapolis, Minnesota, with $3.6 billion in regulatory assets under management as of its Form ADV filed September 28, 2026. Its largest client group by assets is state or municipal government entities. By Form ADV it is a asset manager, ranked 813th of 3,218 asset managers and 2,554th of 17,210 SEC-registered advisers by assets.
Main office 800-552-1171ehlers-inc.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $3.6B
- Rank among asset managers
- #813 of 3,218
- Rank among all SEC RIAs
- #2,554 of 17,210
- Rank in Minnesota
- #40 of 276
- Clients
- 300
- Accounts
- 722
- Discretionary
- 19% of AUM
- Employees
- 13
- Advisory staff
- 6
- Offices
- 2
Owners and executives on its Form ADV
- Brian M. ReillyVice President
- Greg CroweDirector
- Pamela K. ZiermannChief Compliance Officer
- Ryan W MilesPresident and Managing Director
- Michael LindhDirector of Finance & Accounting
- Tamara J. AllenDirector
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| State or municipal government entities | 300 | $3.6B | 100% |
| Corporations or other businesses | – | $16M | <1% |
Disciplinary disclosures
Ehlers reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for businesses and institutions
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗ehlers-inc.com ↗
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The full record on Ehlers
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, ten years of filings
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- Growth over one, three and five years
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- Rank against 766 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- 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.
Background
Questions
How much does Ehlers manage?
Ehlers reports $3.6 billion in regulatory assets under management across 722 accounts, 19% of it on a discretionary basis, on its Form ADV filed September 28, 2026.
What kind of firm is Ehlers?
Ehlers is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are Ehlers’s clients?
By assets, its largest client types are state or municipal government entities ($3.6 billion, 300 clients); corporations or other businesses ($16 million).
Does Ehlers have any disciplinary history?
Ehlers reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Ehlers’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 (2026-09-28), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →