Firm profile

Mairs & Power

ST. PAUL, MNCRD 110351Registration Status: ApprovedEffective since November 15, 1961SEC # 801-2731Latest ADV April 20, 2026

Mairs & Power is an SEC registered investment adviser organized as a corporation with a primary office location in St. Paul, MN.

Assets Under Management
$12.1B
Employees
60
Offices
1 office
Total Clients
773

Associated firm names

3 names listed
  • MAIRS & POWER
  • MAIRS AND POWER INC
  • MAIRS & POWER VENTURE CAPITAL

Leadership

4 roles identified
CEORobert W. Mairs
CCOBrent M. Williams
COOMelissa M. Gilbertson

Advisory services offered

6 types reported
Educational seminars/workshops
Financial Planning Services
Portfolio management for businesses

Fee models offered

3 types reported
Asset based fees
Fixed fees
Performance-based fees

Offices & Contact

Primary office

ST. PAUL, Minnesota, United States

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Primary office regionOther reported regions

Shading shows states and countries with reported offices. Cities are listed below; shading does not indicate service coverage.

Minnesota

ST. PAULPrimary office

1 office records listed · 1 total offices reported. Counts can use different reporting dates. SEC filers may list only their largest 25 additional offices.

Contact and digital presence

ADV profile links

Regulatory Assets Under Management Breakdown

Total regulatory assets under management$12.1Bas of April 20, 2026
Discretionary98.7%
$12.0B
99% of total RAUM98.7%
Non-discretionary1.3%
$157M
1% of total RAUM1.3%
Regulatory assets under management are split between discretionary and non-discretionary assets.

Client Coverage Demographics

Top client segmentHNWI represent 73.5% of total clients.
Top client categories% of clientsClients
1
HNWI
73.5%
568
2
Individuals
17.9%
138
3
Charitable
4.9%
38
4
Pension Plans
2.6%
20
5
Corporations
0.8%
6
Categories with <5 clients
Insurance companies<5 clients
State or municipal government entities (including govt. pension plans)<5 clients

Assets under management Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total AUM$12.1B
Total Accounts1,725
10Y AUM Change+$3.3B (+36.6%)

Private Funds

Private funds reported by Mairs & Power

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Employee Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total Employees60
Clients per Employee13:1
10Y Employee Change+22 (+57.9%)

Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.


Ownership

Reported direct and indirect ownership ranges

Each range applies to a separate reported relationship and should not be added together.

Reported ownership ranges

Highlighted bands show the percentage range reported in Form ADV.

0%25%50%75%100%
ROBERT WILLIAM MAIRSDirect owner · Schedule AInterest in MAIRS & POWER
10% to < 25%
Justin Mark MillerDirect owner · Schedule AInterest in MAIRS & POWER
10% to < 25%
ANDREW ROBERT ADAMSDirect owner · Schedule AInterest in MAIRS & POWER
5% to < 10%
KEVIN VINCENT EARLEYDirect owner · Schedule AInterest in MAIRS & POWER
5% to < 10%
PETER JAMES JOHNSONDirect owner · Schedule AInterest in MAIRS & POWER
5% to < 10%
Melissa Mary-Elizabeth GilbertsonDirect owner · Schedule AInterest in MAIRS & POWER
5% to < 10%
CHRISTOPHER DOUGLAS STROMDirect owner · Schedule AInterest in MAIRS & POWER
5% to < 10%
Michelle WarrenDirect owner · Schedule AInterest in MAIRS & POWER
5% to < 10%
MICHAEL CHRISTOPHER MARZOLFDirect owner · Schedule AInterest in MAIRS & POWER
5% to < 10%
Brent Steven MillerDirect owner · Schedule AInterest in MAIRS & POWER
5% to < 10%

Bars represent the reported range at that individual ownership step, not an estimated percentage of the advisory firm. Indirect relationships may refer to intermediate entities rather than directly to Mairs & Power.

No indirect ownership information reported in the source’s Schedule B.

Reported ownership and control details

Form ADV · Filing date 2026-04-20 · Schedules A and B

12 entries
#Owner / person & roleInterest in entityReported interestControl personTitle / status acquiredSource
1ANDREW ROBERT ADAMSCHIEF INVESTMENT OFFICER, EXECUTIVE VICE PRESIDENT AND DIRECTORIndividualMAIRS & POWER5% to less than 10%Code AYesCHIEF INVESTMENT OFFICER, EXECUTIVE VICE PRESIDENT AND DIRECTOR05/2006Schedule APDF page 34
2ROBERT WILLIAM MAIRSCHIEF EXECUTIVE OFFICER, CHAIR AND DIRECTORIndividualMAIRS & POWER10% to less than 25%Code BYesCHIEF EXECUTIVE OFFICER, CHAIR AND DIRECTOR09/2015Schedule APDF page 34
3KEVIN VINCENT EARLEYVICE PRESIDENT, INVESTMENT MANAGER, AND DIRECTORIndividualMAIRS & POWER5% to less than 10%Code AYesVICE PRESIDENT, INVESTMENT MANAGER, AND DIRECTOR04/2013Schedule APDF page 34
4PETER JAMES JOHNSONVICE PRESIDENT AND INVESTMENT MANAGER AND DIRECTORIndividualMAIRS & POWER5% to less than 10%Code AYesVICE PRESIDENT AND INVESTMENT MANAGER AND DIRECTOR06/2010Schedule APDF page 34
5Justin Mark MillerVICE PRESIDENT AND HEAD OF INDIVIDUALLY MANAGED ACCOUNTS & DIRECTORIndividualMAIRS & POWER10% to less than 25%Code BYesVICE PRESIDENT AND HEAD OF INDIVIDUALLY MANAGED ACCOUNTS & DIRECTOR02/2015Schedule APDF page 34
6Melissa Mary-Elizabeth GilbertsonCHIEF OPERATING OFFICER , SECRETARY AND DIRECTORIndividualMAIRS & POWER5% to less than 10%Code AYesCHIEF OPERATING OFFICER , SECRETARY AND DIRECTOR04/2022Schedule APDF page 34
7Luke Andrew OdegaardTREASURERIndividualMAIRS & POWERLess than 5%Code NAYesTREASURER05/2022Schedule APDF page 34
8CHRISTOPHER DOUGLAS STROMVICE PRESIDENT, INVESTMENT MANAGER AND DIRECTORIndividualMAIRS & POWER5% to less than 10%Code ANoVICE PRESIDENT, INVESTMENT MANAGER AND DIRECTOR12/2022Schedule APDF page 34
9Brent Michael WilliamsCHIEF COMPLIANCE OFFICERIndividualMAIRS & POWERLess than 5%Code NAYesCHIEF COMPLIANCE OFFICER10/2024Schedule APDF page 34
10Michelle WarrenVICE PRESIDENT, INVESTMENT MANAGER AND DIRECTORIndividualMAIRS & POWER5% to less than 10%Code AYesVICE PRESIDENT, INVESTMENT MANAGER AND DIRECTOR10/2016Schedule APDF page 34
11MICHAEL CHRISTOPHER MARZOLFVICE PRESIDENT, INVESTMENT MANAGER, AND DIRECTORIndividualMAIRS & POWER5% to less than 10%Code ANoVICE PRESIDENT, INVESTMENT MANAGER, AND DIRECTOR12/2021Schedule APDF page 35
12Brent Steven MillerVICE PRESIDENT, INVESTMENT MANAGER, AND DIRECTORIndividualMAIRS & POWER5% to less than 10%Code AYesVICE PRESIDENT, INVESTMENT MANAGER, AND DIRECTOR01/2024Schedule APDF page 35

Less than 5% may include zero. Code F identifies a role without specifying a percentage. Reported interests may overlap and may not include every owner. Total indirect ownership is not calculated.

Compliance & Disclosures

Filing dated 4/20/2026 10:08:52 AM

Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.

RIA or supervised-person involvementThe RIA reported that none of the events below involve the firm or its supervised persons.RIA responseNo
AFelonies2 No

In the past ten years, have you or any advisory affiliate:

  • A1Been convicted of or pleaded guilty or no contest to a felony?No
  • A2Been charged with a felony?No
BMisdemeanors2 No

In the past ten years, have you or any advisory affiliate:

  • B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?No
  • B2Been charged with a misdemeanor of the kind listed above?No
CSEC or CFTC actions5 No

Has the SEC or CFTC ever:

  • C1Found you or an advisory affiliate made a false statement or omission?No
  • C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?No
  • C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • C4Entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?No
DOther regulatory actions5 No

Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:

  • D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?No
  • D2Found you or an advisory affiliate violated investment-related regulations or statutes?No
  • D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?No
ESelf-regulatory organization actions4 No

Has a self-regulatory organization or commodities exchange ever:

  • E1Found you or an advisory affiliate made a false statement or omission?No
  • E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?No
  • E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?No
FProfessional authorizations1 No
  • FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?No
GPending regulatory proceedings1 No
  • GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?No
HCivil judicial actions and proceedings4 No

(1) Court actions

Has a domestic or foreign court:

  • H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
  • H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
  • H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No

(2) Pending civil proceedings

  • H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?No

* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.