Wednesday, October 21, 2026The Morning EditionOpen AtlasSign inJoin free
FinancialADVSR

Est. 2026The front page of wealth managementNew York

The Morning EditionFree · 6:30 AM ETSubscribe
RB An Amazon intern in 2020, Nevis CEO Mark Swan is the unlikely dream weaver for Focus Financial and other big RIA rollups with 'nightmare' integration issues -- with help from Schwab, Fidelity, OpenAI and AnthropicIN SpaceX’s AI segment now drives more than half its revenue. Here’s what advisors should watch nextFP Why AI might recommend your competitor instead of youFP Why clients are choosing phased retirement — and what advisors should know4K SPARK Forum Offering Scholarships for Retirement Plan AdvisorsFP What Schwab's new ETF platform fees mean for clients, advisorsWM RIA Platform Leaders Ask ‘What’s the Advantage in Having Your Own Form ADV?’IN Fake e-vite phishing scams put high-net-worth clients at riskRB Rick Wurster says Schwab is tackling its forced rationing of long/short SMAs with proprietary 'offering' to stretch balance sheet, but it may be more about a fee upside, a long/short manager saysIN Fintech bytes: 55ip, Vise, Syntax push tax-smart tools for RIAs
AtlasFinancial ADVSR
Open free

Free from Atlas · SEC filings as of October 1, 2026

The RIA database

Atlas screenerWealth Manager databaseThis month’s moversCustodian profilesRIA statistics

Registered RIAs
17,210
Regulatory AUM
$177.9T
Use more than one custodian
4,024
Hybrid
3,733

Where their clients’ assets sit. Select a custodian to filter the list.

Filters1

276 firms manage $2.4 trillionMinnesota

Open in the Atlas screener

Atlas The basics here are free. Atlas adds ten years of growth, owners, broker-dealer affiliation, contacts on file and signals for every firm, with alerts and exports. See Atlas

  1. 2578
    SIT Investment Associates, IncMinneapolis, MN · 44 clientsAsset managerHybridSIA Securities Corp.
    Northern Trust 70%
    $3.5B
  2. 2751
    Advisornet Wealth PartnersMinnetonka, MN · 3,514 clientsWealth managerHybrid
    Schwab 86%
    $3.1B
  3. 2769
    BPS Capital Management, Inc.Bloomington, MN · 72 clientsAsset manager
    Banker's Bank 58%United Banker's Bank 42%
    $3.1B
  4. 2827
    Boulay WealthEden Prairie, MN · 1,123 clientsWealth managerHybrid
    Schwab 84%
    $3.0B
  5. 2856
    Berger Financial GroupPlymouth, MN · 3,800 clientsWealth manager
    Schwab 100%
    $2.9B
  6. 3096
    Tradition Wealth Management LLCEdina, MN · 2,244 clientsWealth managerHybrid
    Schwab 100%
    $2.6B
  7. 3120
    Arthur VenturesMinneapolis, MN · 17 clientsPrivate fund adviser
    No custodian reported
    $2.6B
  8. 3127
    Compass Capital Management IncMinneapolis, MN · 443 clientsWealth manager
    Schwab 100%
    $2.6B
  9. 3150
    Locorr Fund Management, LLCExcelsior, MN · 1 clientsAsset managerHybridLocorr Distributors, LLC
    No custodian reported
    $2.5B
  10. 3156
    Stonebridge Capital Advisors LLCSt. Paul, MN · 1,674 clientsWealth manager
    Schwab 50%Pershing 35%
    $2.5B
  11. 3261
    EFS AdvisorsCambridge, MN · 21,701 clientsWealth managerHybridAdvanced Advisor Group, LLC
    Schwab 100%
    $2.4B
  12. 3300
    Stairway Partners, LLCMinneapolis, MN · 58 clientsAsset manager
    Midwest Institutional Trust 70%Pershing 30%
    $2.4B
  13. 3507
    Okabena Investment Services IncMinneapolis, MN · 148 clientsPrivate fund adviser
    Schwab 100%
    $2.1B
  14. 3603
    Punch & Associates Investment Management, Inc.Edina, MN · 562 clientsWealth manager
    Fidelity 100%
    $2.0B
  15. 3616
    Marks Group Wealth Management, Inc.Minnetonka, MN · 809 clientsWealth managerWrap sponsor
    Fidelity 89%
    $2.0B
  16. 3628
    Jnba Financial Advisors, LLCBloomington, MN · 1,115 clientsWealth manager
    Schwab 100%
    $2.0B
  17. 3635
    Silveroak Wealth Management LLCEdina, MN · 446 clientsWealth manager
    Schwab 100%
    $2.0B
  18. 3769
    Granite PartnersSt. Cloud, MN · 3 clientsPrivate fund adviser
    No custodian reported
    $1.9B
  19. 3775
    Capital Management Associates IncMinneapolis, MN · 932 clientsBroker-dealer firmHybridCapital Management Securities, Inc.
    Schwab 100%
    $1.9B
  20. 3861
    U.S. Bancorp Advisors, LLCSaint Paul, MN · 3,343 clientsBroker-dealer firmHybridBtig, LLC, U.S. Bancorp Investments, Inc.
    Fidelity 100%
    $1.8B
  21. 3893
    Cahill Financial Advisors, Inc.Edina, MN · 1,115 clientsWealth manager
    Fidelity 51%Schwab 49%
    $1.8B
  22. 3913
    Yukon Partners Management, L.L.C.Minneapolis, MN · 18 clientsPrivate fund adviser
    No custodian reported
    $1.8B
  23. 4176
    ISC Financial AdvisorsAlbert LEA, MN · 1,318 clientsWealth managerHybrid
    Schwab 100%
    $1.6B
  24. 4205
    Strategic Wealth GroupEden Prairie, MN · 3,557 clientsWealth managerHybridLPL Financial LLC
    LPL Financial 88%
    $1.5B
  25. 4227
    Next Century Growth Investors LLCPlymouth, MN · 36 clientsAsset manager
    Northern Trust 45%J.P. Morgan 33%
    $1.5B
  26. 4234
    Midwest Financial PartnersSt. Cloud, MN · 531 clientsWealth manager
    Pershing 100%
    $1.5B
  27. 4252
    Excelsior Renewable Energy Management Company LPExcelsior, MN · 2 clientsPrivate fund adviser
    No custodian reported
    $1.5B
  28. 4274
    Pine Grove Financial GroupWoodbury, MN · 1,404 clientsWealth manager
    Schwab 100%
    $1.5B
  29. 4340
    Redhawk Wealth Advisors, Inc.Minneapolis, MN · 3,205 clientsWealth managerHybrid
    Schwab 100%
    $1.5B
  30. 4389
    O'brien-Staley PartnersEdina, MN · 6 clientsPrivate fund adviser
    No custodian reported
    $1.4B
  31. 4435
    First Light Asset Management, LLCEdina, MN · 861 clientsPrivate fund adviser
    RBC 84%
    $1.4B
  32. 4502
    Affiance Financial LLCSt. Louis Park, MN · 1,183 clientsWealth managerHybrid
    Schwab 100%
    $1.4B
  33. 4505
    Rice Park CapitalPlymouth, MN · 7 clientsPrivate fund adviser
    No custodian reported
    $1.4B
  34. 4668
    Truehelm, LLCBloomington, MN · 19 clientsPrivate fund adviser
    No custodian reported
    $1.3B
  35. 4671
    Piper Sandler & Co.Minneapolis, MN · 20 clientsBroker-dealer firmHybrid
    No custodian reported
    $1.3B
  36. 4708
    Palisade Asset Management, LLCMinneapolis, MN · 118 clientsWealth manager
    Schwab 100%
    $1.3B
  37. 4776
    Great Waters FinancialShoreview, MN · 1,627 clientsWealth manager
    Schwab 100%
    $1.2B
  38. 4873
    Black Lake Investments LLCWayzata, MNAsset manager
    Dtcc 100%
    $1.2B
  39. 4913
    Leuthold Weeden Capital ManagementMinneapolis, MN · 200 clientsAsset managerHybrid
    Fidelity Distributors Company 62%
    $1.2B
  40. 4920
    Financial PerspectivesMinneapolis, MN · 737 clientsWealth managerHybrid
    Fidelity 100%
    $1.2B

RIAs by state