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Largest RIA Firms in Minnesota by AUM
Explore registered investment advisers headquartered in Minnesota, ranked by reported regulatory AUM. Compare firm size, historical AUM, employee trends, and account activity across 274 firms with $2.4T in total reported AUM and median AUM of $523.5M.
Firms
274
Matching current profiles
Total AUM
$2.4T
Reported regulatory AUM
Median AUM
$523.5M
Across firms with AUM
Largest firm
$660.5B
Ameriprise Financial Services, LLC
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Top RIAs discovered by AUM
Compare RIAs using AUM growth, employee and account signals
| Firm | Location | Current AUM↓ | 1YR AUM↕ | 3YR AUM↕ | 5YR AUM↕ | Total AUM↕ | Employee Signal↕ | Account Signal↕ |
|---|---|---|---|---|---|---|---|---|
| 1. Ameriprise Financial Services, LLC CRD 6363 · Limited Liability Company | MINNEAPOLIS, MN | $660.5B Sep 2026 | +$95.9B+17.0% | +$246.1B+59.4% | +$286.2B+76.5% | +$563.0B+577.3% | -131 employees-0.9% over 3Y | +470,461 accounts+24.1% over 3Y |
| 2. U.s. Bancorp Asset Management, INC. CRD 111912 · Corporation | MINNEAPOLIS, MN | $427.5B Aug 2026 | +$24.7B+6.1% | +$280.8B+191.3% | +$277.5B+185.0% | +$376.9B+744.4% | +216 employees+203.8% over 3Y | +2,252 accounts+2559.1% over 3Y |
| 3. Garda Capital Partners CRD 282439 · Limited Partnership | WAYZATA, MN | $207.1B Mar 2026 | +$100.5B+94.2% | +$101.4B+96.0% | +$110.1B+113.5% | — | +49 employees+28.0% over 3Y | 0 accounts+0.0% over 3Y |
| 4. Thrivent Financial For Lutherans CRD 115785 · FRATERNAL BENEFIT SOCIETY | MINNEAPOLIS, MN | $128.7B Jun 2026 | -$12.4B-8.8% | +$11.2B+9.5% | +$19.4B+17.8% | +$58.0B+82.1% | +280 employees+7.1% over 3Y | -33 accounts-49.3% over 3Y |
| 5. Wealth Enhancement Advisory Services, LLC CRD 116407 · ( p | PLYMOUTH, MN | $122.2B Aug 2026 | +$27.6B+29.1% | +$65.8B+116.7% | +$97.9B+403.6% | +$120.7B+8287.4% | +1,291 employees+315.6% over 5Y | +93,842 accounts+73.3% over 3Y |
| 6. Rbc Global Asset Management (u.s.) INC. CRD 107173 · Corporation | MINNEAPOLIS, MN | $104.5B May 2026 | +$28.0B+36.6% | +$66.5B+174.8% | +$48.0B+85.1% | +$65.7B+169.6% | +7 employees+3.4% over 3Y | +43 accounts+21.3% over 3Y |
| 7. Galliard Capital Management CRD 106487 · Limited Liability Company | MINNEAPOLIS, MN | $80.3B Mar 2026 | -$5.2B-6.1% | -$11.7B-12.7% | -$10.4B-11.5% | +$2.7B+3.5% | +10 employees+12.7% over 3Y | -18 accounts-6.4% over 3Y |
| 8. Walleye Capital LLC CRD 161413 · Limited Liability Company | WAYZATA, MN | $52.1B Sep 2026 | +$8.7B+20.0% | +$40.3B+339.8% | +$48.3B+1261.8% | +$51.8B+16559.3% | +156 employees+69.6% over 3Y | +5 accounts+100.0% over 3Y |
| 9. Thrivent Asset Management, LLC CRD 137751 · Limited Liability Company | MINNEAPOLIS, MN | $48.0B Mar 2026 | +$1.2B+2.5% | +$22.6B+88.8% | +$23.8B+98.0% | +$33.8B+239.3% | -24 employees-5.3% over 3Y | -2 accounts-6.1% over 3Y |
| 10. Pine River Capital Management L.p. CRD 133720 · Limited Partnership | MINNETONKA, MN | $46.9B Oct 2026 | +$22.8B+94.9% | +$43.3B+1197.4% | +$44.3B+1700.3% | +$2.1B+4.8% | 0 employees+0.0% over 3Y | -13 accounts-65.0% over 3Y |
| 11. Securian Asset Management, INC. CRD 109905 · Corporation | ST PAUL, MN | $41.6B Mar 2026 | -$2.3B-5.1% | +$495.3M+1.2% | -$9.9B-19.2% | +$17.9B+75.9% | -19 employees-21.3% over 3Y | +41 accounts+11.5% over 3Y |
| 12. Castlelake, L.p. CRD 145165 · Limited Partnership | MINNEAPOLIS, MN | $35.3B Mar 2026 | +$6.5B+22.6% | +$11.4B+48.0% | +$15.6B+78.9% | +$33.1B+1506.7% | +40 employees+19.0% over 3Y | +17 accounts+51.5% over 3Y |
| 13. Advanced Capital Group CRD 109673 · Corporation | MINNEAPOLIS, MN | $30.0B Mar 2026 | +$4.1B+15.8% | +$213.6M+0.7% | +$6.5B+27.9% | +$25.3B+533.8% | -6 employees-21.4% over 3Y | +45 accounts+14.0% over 3Y |
| 14. Winslow Capital Management LLC CRD 106940 · Limited Liability Company | MINNEAPOLIS, MN | $28.7B Mar 2026 | +$1.5B+5.5% | +$2.8B+10.7% | +$5.3B+22.6% | +$2.1B+7.7% | -1 employees-2.6% over 3Y | +711 accounts+60.7% over 3Y |
| 15. Thrivent Private Investments CRD 338378 · Limited Liability Company | MINNEAPOLIS, MN | $22.8B Mar 2026 | — | — | — | — | -64 employees-49.2% over Total | — |
| 16. Thrivent Investment Management INC. CRD 18387 · Corporation | MINNEAPOLIS, MN | $20.8B Oct 2026 | +$3.3B+18.7% | +$8.3B+66.3% | +$10.1B+94.3% | +$16.0B+334.7% | +353 employees+9.9% over 3Y | +13,513 accounts+33.0% over 3Y |
| 17. Allianz Investment Management LLC CRD 111925 · Limited Liability Company | MINNEAPOLIS, MN | $19.1B Sep 2026 | +$952.0M+5.2% | +$1.6B+9.2% | -$2.1B-9.8% | +$3.7B+23.9% | -18 employees-26.5% over 3Y | +26 accounts+45.6% over 3Y |
| 18. Ab Carval Investors, LP CRD 141819 · Limited Partnership | MINNEAPOLIS, MN | $18.4B Sep 2026 | +$1.7B+10.0% | -$1.2B-5.9% | +$713.8M+4.0% | +$4.2B+29.6% | -34 employees-16.7% over 3Y | +3 accounts+4.5% over 3Y |
| 19. Whitebox Advisors LLC CRD 121995 · Limited Liability Company | MINNEAPOLIS, MN | $15.7B Oct 2026 | +$4.7B+42.5% | +$6.2B+65.3% | +$5.8B+57.8% | +$13.0B+477.1% | -1 employees-1.5% over 3Y | -7 accounts-30.4% over 3Y |
| 20. Sit Fixed Income Advisors II, LLC CRD 108271 · Limited Liability Company | MINNEAPOLIS, MN | $15.0B Jun 2026 | +$2.1B+16.0% | +$3.1B+26.3% | +$3.9B+34.8% | +$9.2B+157.3% | +2 employees+2.8% over 3Y | -12 accounts-7.1% over 3Y |
| 21. Cliftonlarsonallen Wealth Advisors, LLC CRD 38357 · Limited Liability Company | MINNEAPOLIS, MN | $14.4B Mar 2026 | +$2.1B+17.0% | +$7.7B+113.6% | +$9.0B+165.8% | +$13.1B+966.7% | +4 employees+2.6% over 3Y | +4,504 accounts+24.1% over 3Y |
| 22. Devenir Investment Advisors, LLC CRD 132824 · Limited Liability Company | BLOOMINGTON, MN | $13.0B Mar 2026 | +$2.1B+19.0% | +$2.2B+20.3% | +$7.4B+132.0% | +$12.7B+4159.9% | +1 employees+10.0% over 3Y | -7 accounts-13.7% over 3Y |
| 23. Northrock Partners, LLC CRD 167908 · Limited Liability Company | MINNEAPOLIS, MN | $12.2B Sep 2026 | +$5.6B+84.7% | +$8.0B+190.7% | +$8.9B+273.1% | — | +102 employees+77.9% over 3Y | +14,741 accounts+159.0% over 3Y |
| 24. Mairs & Power CRD 110351 · Corporation | ST. PAUL, MN | $12.1B Apr 2026 | +$167.1M+1.4% | +$2.4B+25.0% | +$1.8B+16.8% | +$7.9B+184.1% | +16 employees+36.4% over 3Y | +149 accounts+9.5% over 3Y |
| 25. Fiduciary Counselling INC CRD 104753 · Corporation | ST PAUL, MN | $10.1B Mar 2026 | +$551.8M+5.8% | -$1.5B-13.0% | +$2.4B+31.3% | +$6.3B+170.1% | +3 employees+3.6% over 3Y | +94 accounts+5.6% over 3Y |
Methodology
Top firms are ranked by their current AUM values. Growth $ and % values compare current reported AUM, employee count, and account counts against the latest historical filing on or before the 1 year, 3 year, and 5 year lookback dates, plus the earliest available historical filing for total growth.Metrics may show a dash where sufficient historical filing data is unavailable for the lookback period.