Top 10 fastest-growing RIAs in Minnesota (2026)

Sort by asset growthHow they grew

#	Firm	Assets, end of 2023 → 2025	Growth	Advisory staff	Net advisors, 12 mo	How they grew	Main custodian	Score
1	Northrock Partners, LLC MINNEAPOLIS	$5.8B → $12.19B	2.1× 1.6× typical	39 → 91	+21	Organic or recruited	Schwab	96.6
2	Boyum Wealth Architects LLC BLOOMINGTON	$258.8M → $564M	2.18× 1.6× typical	4 → 9	+2	Organic or recruited	Schwab	95.3
3	Van Clemens Wealth Management, LLC MINNEAPOLIS	$105.9M → $470.4M	4.44× 3.3× typical	16 → 24	+9	Organic or recruited	Schwab	94.9
4	Strategic Asset Management LLC. ROCHESTER	$118.1M → $218.3M	1.85× 1.4× typical	6 → 10	+2	Acquisitions	Schwab	91.7
5	Wealth Enhancement PLYMOUTH	$72.02B → $122.19B	1.7× 1.3× typical	615 → 850	+100	Organic or recruited	Schwab	89.2
6	Northland Asset Management MINNEAPOLIS	$236.7M → $405.5M	1.71× 1.3× typical	19 → 22	+3	Organic or recruited	Pershing	84.3
7	Tradition Wealth Management LLC EDINA	$1.52B → $2.6B	1.71× 1.3× typical	23 → 30	+1	Organic	Schwab	83.8
8	Berger Financial Group PLYMOUTH	$1.66B → $2.95B	1.78× 1.3× typical	52 → 57	+2	Organic	Schwab	83.5
9	Gradient Investments, LLC ARDEN HILLS	$5.27B → $8.84B	1.68× 1.3× typical	14 → 15	+7	Organic	Schwab	82.8
10	Iwealth WASECA	$191.8M → $311.6M	1.62× 1.2× typical	4 → 5	+1	Organic	SEI	80.9

Score: 0 to 100, from each firm's percentile among 5,989 RIAs nationally. See the national top 100 and the tech stacks they run.

How we ranked

Who's in: 5,989 SEC-registered RIAs serving individuals, based in the US, with $100M+ in assets, 25+ individual clients and 2+ advisory staff, that filed their 2026 annual Form ADV. Bank and broker-dealer networks (more advisors moving than advisory staff) are left out.
Asset growth (half the score): regulatory assets at the end of 2025 (2026 annual Form ADV) over the end of 2023 (the firm's last 2024 filing). Firms update this number once a year, in the annual amendment. The typical firm grew 1.34×, which is mostly the market. Growth over 3× counts as 3×, so one big merger can't decide the list (acquisitions aren't reported on Form ADV).
Advisory staff growth (a quarter): employees giving investment advice (Item 5.B(1)), over the same two years.
Net advisors (a quarter): registered advisors who joined the firm in the last 12 months minus those who left, from SEC registration records.
Each is a percentile among the firms that are in, and only firms whose assets grew faster than the typical firm's are listed. Assets include market gains and any acquisitions, so a high rank is a signal to look closer, not proof of organic growth.
How they grew (an estimate): each firm's gain, split four ways. Typical: what the typical firm grew. Acquired: firms most of whose advisors moved to it (half or more, and the old firm stopped filing, or three-quarters or more), at their last reported assets; a buyer that keeps an acquired firm filing on its own isn't seen, so this is a floor. Joined (hatched): advisors who moved in from other firms, at up to their old firm's assets per advisor ($150M at most), since a new hire may bring no clients at all. Organic: the rest, new clients and existing clients' money. “Organic” firms are organic even if every joiner brought a full book.
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The fastest-growing RIAs in Minnesota.

How we ranked