Wealth manager, independent · Edina, MN
Tradition Wealth Management LLC
SEC-registered investment adviser · CRD 128314 · SEC 801-62666
At a glance
Tradition Wealth Management LLC is an SEC-registered investment adviser based in Edina, Minnesota, with $2.6B in regulatory assets under management as of its Form ADV filed June 12, 2026. It reports 2,155 individual clients, 579 of them high-net-worth, holding an average of about $1.0 million each, and 32 employees. That ranks it 433rd among the nation’s 5,657 independent wealth management RIAs and 10th of 140 in Minnesota. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 952-563-6500traditionwealth.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $2.6B
- Rank among independent wealth managers
- #433 of 5,657
- Rank among all SEC RIAs
- #3,096 of 17,210
- Rank in Minnesota
- #10 of 140
- Individual clients
- 2,155
- High-net-worth clients
- 579
- Accounts
- 5,771
- Discretionary
- 98% of AUM
- Employees
- 32
- Advisory staff
- 30
- Offices
- 4
Owners and executives on its Form ADV
- Chadwick J. SchumacherDirector
- Timothy C. GundersonMember
- John L. HauseMember
- Bradley A. JohnsonMember
- Mark S. WalsinghamChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Tradition Wealth Management LLC is a hybrid RIA: 17 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed June 2026) names Private Client Services as the broker-dealer its advisers are registered with.
Advisory Representatives of Tradition Wealth may be dually registered as Registered Representatives of Private Client Services, LLC (PCS), a registered broker-dealer, member of the Financial Industry Regulatory Authority (FINRA) and SIPC.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 579 | $1.8B | 71% |
| Individuals | 1,576 | $383M | 15% |
| Pension and profit sharing plans | 69 | $353M | 14% |
| Corporations or other businesses | 20 | $25M | <1% |
| Charitable organizations | – | $0M | <1% |
Disciplinary disclosures
Tradition 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
- 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 ↗traditionwealth.com ↗
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The full record on Tradition 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 1,555 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 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 |
|---|---|---|
| Advisornet Wealth PartnersMinnetonka | $3.1B | 3,499 |
| Boulay WealthEden Prairie | $3.0B | 1,096 |
| Berger Financial GroupPlymouth | $2.9B | 3,755 |
| Compass Capital Management IncMinneapolis | $2.6B | 379 |
| Stonebridge Capital Advisors LLCSt. Paul | $2.5B | 1,609 |
| EFS AdvisorsCambridge | $2.4B | 21,660 |
Background
Questions
How much does Tradition Wealth Management LLC manage?
Tradition Wealth Management LLC reports $2.6B in regulatory assets under management across 5,771 accounts, 98% of it on a discretionary basis, on its Form ADV filed June 12, 2026.
How many clients does Tradition Wealth Management LLC have?
It reports 2,155 individual clients: 579 high-net-worth individuals and 1,576 other individuals. Individuals account for about 85% of its regulatory assets.
Where is Tradition Wealth Management LLC headquartered?
Its main office is in Edina, Minnesota. It reports 4 offices in total and 32 employees, 30 of whom perform investment advisory functions.
How does Tradition 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 Tradition 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 June 12, 2026, it reports these amounts held: Charles Schwab ($678M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Tradition Wealth Management LLC a hybrid RIA with a broker-dealer?
Tradition Wealth Management LLC is a hybrid RIA: 17 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 Tradition Wealth Management LLC a fiduciary?
As an SEC-registered investment adviser, Tradition Wealth Management LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 17 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 Tradition 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 (2026-06-12), 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 →