Top Financial Advisors in Minneapolis, MN

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Thrivent Advisor Network is a fee-based firm that provides investment advisory services to high-net-worth individuals, non-high-net-worth individuals, families, estates, businesses and retirement plans. Advisory representatives who are licensed insurance agents may receive commissions on the sale of insurance products. However, as an SEC-registered investment advisor, Thrivent Advisor Network operates under a fiduciary standard and must act in its clients' best interests at all times.

Professional designations among advisory personnel may vary by location and representative, but include designations such as Certified Financial Planner™ (CFP®) and certified public accountant (CPA).  The firm does not impose a firm-wide account minimum to engage its advisory services. However, certain investment strategies, annuity products or third-party managers may require their own minimum investment thresholds.

Thrivent Advisor Network delivers investment advice through a team of advisory representatives, many of whom operate under their own branding while offering services through the firm's platform. Advisory representatives construct customized portfolios based on a client’s financial goals, time horizon, risk tolerance and liquidity needs.

Investments may include mutual funds, ETFs, individual stocks and bonds, alternative assets, annuity sub-accounts and other vehicles. The firm’s investment philosophy generally favors long-term asset allocation strategies and may use internal management or third-party model portfolios depending on client objectives.

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Founded in 1980s, Riverbridge has provided investment management and financial planning services to high-net-worth individuals and institutions in Minnesota for more than 35 years.

The firm also works with institutional clients, including banks, investment companies, pooled investment vehicles, retirement plans, charities, government entities, insurance companies, businesses and Taft-Hartley plans.

Advisors at this fee-based firm hold multiple certifications like chartered financial analyst (CFA), Certified Financial Planner (CFP®), certified public accountant (CPA) and chartered financial consultant (ChFC).

The firm's main advisory service is investment management, diversification and asset allocation planning. Financial planning services are also available.

Riverbridge highlights building its investment strategies for long-term returns. Advisors are growth-oriented and have years of expertise. The firm looks for companies to invest in that have strong earnings power.

The firm evaluates specific investments based on five factors: sound culture and management, strong unit growth, differentiated market position, internally financed growth and conservative accounting. The firm believes that these factors provide strong insight into whether a company has earnings power and intrinsic value.

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NorthRock Partners is a large advisory firm with billions of dollars in client assets under management. It works with both high-net-worth and non-high-net-worth individuals, as well as charities and businesses.

The advisory team at NorthRock holds a range of certifications that include  Certified Financial Planner (CFP®), certified private wealth advisor (CPWA), chartered financial analyst (CFA) and more.

This team also has members who can sell insurance products on a commission basis. While this presents a potential conflict of interest, the firm's fiduciary duty means it must act in clients' best interests.

This firm offers a wide range of advisory services, including retirement planning, investment management, tax prep and advice, estate planning, insurance planning and charitable gift planning, among others.

The advisory team at NorthRock Partners will work with clients on an individual basis to determine what kind of investor they are.

This conversation will inform NorthRock in building a portfolio plan to help you achieve long- and short-term financial goals. 

Some important factors include risk tolerance, time horizon, income needs and liquidity.

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Everest Financial Group works both non-high-net-worth and high-net-worth clients. 

The team of advisors here includes  Certified Financial Planners (CFPs®) anong other designations.

Some of the firm's advisors may receive commissions from securities or insurance sales. Despite the potential conflict of interest this induces, the firm's fiduciary duty requires it to act in clients' best interests at all times.

Personalized investment management and financial planning are both available at this firm. Financial planning can cover topics like retirement planning, estate planning, business planning, college fund planning and more.

Everest Financial Group often uses model portfolios with its clients. That means the firm and your advisor will determine which model portfolio is best for you based your situation. That will involve your risk tolerance, time horizon, income needs and financial goals. Each model portfolio has its own asset allocation.

When it comes to trading investments, the firm may use long-term trading, short-term trading and short sales. Long-term trading involves holding assets for a year at a time, whereas short-term trading means trading before a calendar year has passed.

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Compass Capital Management's advisory staff holds multiple certifications, including chartered financial analysts (CFAs) and chartered alternative investment analysts (CAIAs), among other designations.

This is a fee-only firm, meaning all of its compensation comes from client-paid fees.

High-net-worth individuals are the most common clients at Compass Capital. Other clients the firm works with include non-high-net-worth individuals, retirement plans, charitable organizations and businesses.

The firm generally works with clients who have a minimum account size of $1 million.

Advisors at Compass Capital will alter the firm's financial planning and investment management services to your specific needs.

The basis for every client portfolio managed by Compass Capital Management is an asset allocation plan based around your personal needs and situation. This will cover things like your risk tolerance, financial goals, income needs and time horizon. The firm will put all of this guiding information into a document called an investment policy statement (IPS).

Some of the portfolio strategies the firm uses include:

• Equity: generally consists of 25 or more mid- to large-cap growth stock companies
• Fixed-Income: focuses on high-quality intermediate-term taxable and non-taxable bonds
• Balanced portfolios: combines stocks, bonds and cash into a single portfolio
• External mutual fund managers: involves the selection of a handful of mutual fund managers

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Capital Management Associates has a sizable staff of advisors. This group includes certifications like  Certified Financial Planner (CFP®), accredited investment fiduciary (AIF), certified public accountant (CPA) and more.

The firm's client base includes both non-high-net-worth and high-net-worth individuals, though it works with more who with people who do not have high net worths. It also serves pension plans, charitable organizations and corporations.

Capital Management Associates does not state a specific account minimum, but notes that a manager may require a minimum amount of assets for its managed account program.

The fee-based firm employs advisors who may receive compensation for securities transactions or insurance sales, which is a potential conflict of interest. However, the firm is a fiduciary, which means its employees must always act in clients' best interests.

The firm offers a managed account program, individual portfolio management and a range of financial planning services. Its financial planning services can address tax and cash flow, investments, insurance, retirement, death and disability and estate planning. Additionally, the firm provides accounting services and insurance through certain employees.

Like most other firms, Capital Management Associates takes into account clients' needs, investment objectives, risk tolerance and time horizon when creating and managing their portfolios. The firm establishes this information through discussions and a data-gathering process that may also touch on a client's previous investment history, family composition and background. Clients have the ability to impose reasonable restrictions on their portfolios.

The firm uses a wide range of investment types and strategies in its client portfolios. More specifically, it will utilize long-term purchases, short-term purchases and option writing.

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Vector Wealth Management is a fee-only registered investment advisor providing financial planning and investment management services to individuals, business owners, pension and profit-sharing plans, trusts and estates. The firm operates under fiduciary duty and is required to place clients' interests ahead of its own in all recommendations.

While Vector Wealth Management does not charge performance-based fees, certain supervised persons affiliated with the firm may be licensed to sell fixed insurance products on a commission basis.

Vector generally requires a minimum portfolio size of $500,000 to open and maintain an account, though exceptions may be made based on future earning potential, asset growth or other qualifying factors.

Vector Wealth tailors its investment approach to each client’s goals, time horizon, risk tolerance and liquidity needs. Portfolio construction is guided by its Investment Committee, which uses a mix of fundamental and technical analysis and relies on proprietary planning tools like Sojourn™ to develop individualized strategies.

Portfolios typically include mutual funds, ETFs, individual equities and bonds, structured products, options and, in some cases, private placement investments. The firm emphasizes prudent, tax-efficient asset allocation and works to build around clients’ existing holdings when possible to ensure seamless portfolio customization.

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Financial Perspectives does not have a specified asset minimum.

The firm works with both non-high-net-worth and high-net-worth individuals, as well as retirement plans and charities.

Some advisors at the fee-based firm are also broker-dealer representatives and insurance agents, and they can earn commissions if clients purchase certain securities or insurance products. This creates the potential for a conflict of interest. That said, the firm is bound by its fiduciary duty to always act in clients' best interests.

Financial Perspectives is a full-service wealth management firm, and its team describes themselves as financial planners. The firm's financial planning process, which strives to address the accumulation, preservation and passing on of wealth, strives to “simplify the complexity.” The firm offers services related to investments, insurance, taxes, retirement, estate planning and philanthropy. 

Financial Perspectives considers investment advice part of its comprehensive financial planning process. Rather than take a one-size-fits-all approach, the firm tailors clients' portfolios to all aspects of their financial lives, including their unique goals and objectives, risk tolerance, income needs and generational and philanthropic desires. The firm says that a number of its strategies also take into account clients' estate planning and tax needs.

The practice says that it will use a variety of investment strategies across domestic and international markets. It primarily recommends mutual funds, but it may also utilize exchange-traded funds (ETFs), stocks, bonds, real estate investment trusts, managed investment programs, variable annuities, retirement plans, separately managed accounts and alternative investments.

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Palisade Asset Management caters to the high-net-worth individual client, requiring a minimum of $1 million in assets under management for advisory services. The fee-only firm has roughly 100 clients, almost all of whom are high-net-worth individuals. Palisade offers investment management and wealth advisory services, including individual and family planning, trust and trustee advisory and retirement and pension plan services.

The team at Palisade hold designations such as chartered financial analyst (CFA), chartered alternative investment advisor (CAIA), certified investment management analyst (CIMA) and Certified Financial Planner (CFP®).

Services offered at the firm include:

• Investment management

• Wealth advisory

• Family wealth planning

• Trust advisory services

• Retirement plan advisory services

The firm states that “Palisade portfolios are built on our philosophy of carefully selecting high quality individual securities.” The company has an in-depth analysis process for each security prior to purchase. Palisade Asset Management advisors prefer growth stocks for equity portfolios and high-rated bonds for fixed-income and balanced portfolios.

Advisors generally hold onto assets for the long term to maximize tax efficiency and to better build wealth. The low turnover allows portfolios to build over time. The company uses three general strategies, equity, balanced and fixed-income, depending on what your financial goals dictate. Your portfolio may be invested in exchange-listed securities, corporate debt securities, , municipal securities and mutual funds or ETFs.

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All Star Financial is a fee-only firm that manages nearly $531.80 million for its clients. All fees at the firm are based on a percentage of assets under management (AUM), and advisors do not make additional compensation from selling securities or insurance products.

Clients of the firm are principally individuals, though it does advise some high-net-worth individuals. There are also institutional clients on the books, including pension and profit-sharing plans, charitable organizations and other corporations. A minimum investment of $500,000 is required for asset management services.

The team at All Star hold designations including  Certified Financial Planner (CFP®), accredited investment fiduciary (AIF), certified public accountant (CPA), certified divorce financial analyst (CDFA) and chartered financial analyst (CFA).

• Financial planning

• Tax preparation

• Investment management

The firm creates portfolios for clients using a core and satellite approach. This means that investments like mutual funds and exchange-traded funds (ETFs) make of the majority or “core” of the portfolio while other selected individual securities make up a minority or “satellite” portion of the portfolio.

The firm uses a variety of economic indicators to make decisions about where to invest client money, looking at things like GDP level, employment growth and consumer spending to make choices.