Wealth manager, independent · Minneapolis, MN
Parr McKnight Wealth Management Group
Parr McKnight Wealth Management Group, LLC · SEC-registered investment adviser · CRD 330050 · SEC 801-130400
At a glance
Parr McKnight Wealth Management Group is an SEC-registered investment adviser based in Minneapolis, Minnesota, with $1.1B in regulatory assets under management as of its Form ADV filed September 30, 2026. It reports 441 individual clients, 162 of them high-net-worth, holding an average of about $2.0 million each, and 14 employees. That ranks it 1035th among the nation’s 5,657 independent wealth management RIAs and 30th of 140 in Minnesota. It reports TradePMR / Robinhood as the custodian for its clients’ separately managed accounts.
Main office 612-324-0240parrmcknightwmg.comAs filed on Form ADV
- Regulatory AUM
- $1.1B
- Rank among independent wealth managers
- #1,035 of 5,657
- Rank among all SEC RIAs
- #5,172 of 17,210
- Rank in Minnesota
- #30 of 140
- Individual clients
- 441
- High-net-worth clients
- 162
- Accounts
- 2,040
- Discretionary
- 88% of AUM
- Employees
- 14
- Advisory staff
- 10
- Offices
- 1
Owners and executives on its Form ADV
- Patricia L. KavanaghChief Administration Officer
- Roseann HigginsChief Compliance Officer
- Anthony J. ParrManaging Partner
- Brian C. McKnightManaging Partner
- John S. RudiManaging Partner
- Nelson T. MoenManaging Partner
Custody and brokerage
Broker-dealer
No broker-dealer ties
Parr McKnight Wealth Management Group 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 | 162 | $802M | 75% |
| Corporations or other businesses | 5 | $92M | 9% |
| Individuals | 279 | $90M | 8% |
| Pension and profit sharing plans | 162 | $83M | 8% |
| Charitable organizations | 5 | $1M | <1% |
Disciplinary disclosures
Parr McKnight Wealth Management Group 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
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗parrmcknightwmg.com ↗
AtlasMembers
The full record on Parr McKnight Wealth Management Group
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 3,377 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.
Similar-size RIAs in Minnesota
All of Minnesota →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Guardian Wealth Strategies, LLCMinneapols | $1.1B | 1,234 |
| Bluestem Wealth Partners, LLCMinnetonka | $1.1B | 1,679 |
| Bearing Point CapitalRichfield | $1.1B | 229 |
| Marquette Wealth ManagementMinnetonka | $1.1B | 211 |
| Everest Financial GroupMinneapolis | $1.0B | 1,940 |
Background
Questions
How much does Parr McKnight Wealth Management Group manage?
Parr McKnight Wealth Management Group reports $1.1B in regulatory assets under management across 2,040 accounts, 88% of it on a discretionary basis, on its Form ADV filed September 30, 2026.
How many clients does Parr McKnight Wealth Management Group have?
It reports 441 individual clients: 162 high-net-worth individuals and 279 other individuals. Individuals account for about 84% of its regulatory assets.
Where is Parr McKnight Wealth Management Group headquartered?
Its main office is in Minneapolis, Minnesota. It reports 1 office in total and 14 employees, 10 of whom perform investment advisory functions.
How does Parr McKnight Wealth Management Group 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 Parr McKnight Wealth Management Group use?
It reports TradePMR / Robinhood as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed September 30, 2026, it reports these amounts held: TradePMR / Robinhood ($1.1B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Parr McKnight Wealth Management Group a hybrid RIA with a broker-dealer?
Parr McKnight Wealth Management Group reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Parr McKnight Wealth Management Group a fiduciary?
As an SEC-registered investment adviser, Parr McKnight Wealth Management Group 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 Parr McKnight Wealth Management Group’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 (2026-09-30), 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 →