Wealth manager, independent · Edina, MN
Silveroak Wealth Management LLC
SEC-registered investment adviser · CRD 110532 · SEC 801-60208
At a glance
Silveroak Wealth Management LLC is an SEC-registered investment adviser based in Edina, Minnesota, with $2.0B in regulatory assets under management as of its Form ADV filed March 31, 2026. It reports 444 individual clients, 328 of them high-net-worth, holding an average of about $4.5 million each, and 23 employees. That ranks it 557th among the nation’s 5,657 independent wealth management RIAs and 16th of 140 in Minnesota. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 952-896-5700silveroakwealth.comAs filed on Form ADV
- Regulatory AUM
- $2.0B
- Rank among independent wealth managers
- #557 of 5,657
- Rank among all SEC RIAs
- #3,635 of 17,210
- Rank in Minnesota
- #16 of 140
- Individual clients
- 444
- High-net-worth clients
- 328
- Accounts
- 1,992
- Discretionary
- 94% of AUM
- Employees
- 23
- Advisory staff
- 8
- Offices
- 1
Owners and executives on its Form ADV
- Shannon A. KingPresident, Chief Compliance Officer, Secretary, Chair & Member
- Kathleen J. NelsonMember, Vice President, Treasurer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Silveroak Wealth Management 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 | 328 | $1.9B | 97% |
| Individuals | 116 | $65M | 3% |
| Corporations or other businesses | 2 | $4M | <1% |
Disciplinary disclosures
Silveroak Wealth Management 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
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗silveroakwealth.com ↗
AtlasMembers
The full record on Silveroak Wealth Management 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, ten years of filings
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- Growth over one, three and five years
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- Rank against 1,978 peers of its type and size
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- Owners and executives, with titles and stakes
- 2 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 |
|---|---|---|
| EFS AdvisorsCambridge | $2.4B | 21,660 |
| Punch & Associates Investment Management, Inc.Edina | $2.0B | 541 |
| Jnba Financial Advisors, LLCBloomington | $2.0B | 1,105 |
| Cahill Financial Advisors, Inc.Edina | $1.8B | 1,109 |
| ISC Financial AdvisorsAlbert LEA | $1.6B | 1,262 |
| Strategic Wealth GroupEden Prairie | $1.5B | 3,524 |
Background
Questions
How much does Silveroak Wealth Management LLC manage?
Silveroak Wealth Management LLC reports $2.0B in regulatory assets under management across 1,992 accounts, 94% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
How many clients does Silveroak Wealth Management LLC have?
It reports 444 individual clients: 328 high-net-worth individuals and 116 other individuals. Individuals account for about 100% of its regulatory assets.
Where is Silveroak Wealth Management LLC headquartered?
Its main office is in Edina, Minnesota. It reports 1 office in total and 23 employees, 8 of whom perform investment advisory functions.
How does Silveroak Wealth Management LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; 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 Silveroak Wealth Management LLC use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 31, 2026, it reports these amounts held: Charles Schwab ($2.0B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Silveroak Wealth Management LLC a hybrid RIA with a broker-dealer?
Silveroak Wealth Management LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Silveroak Wealth Management LLC a fiduciary?
As an SEC-registered investment adviser, Silveroak Wealth Management 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 Silveroak Wealth Management 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 (2026-03-31), 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 →