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Top Financial Advisors in St. Paul, MN

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Finding a Top Financial Advisor Firms in St. Paul, Minnesota

If you're looking for a financial advisor in St. Paul, Minnesota, you came to the right place. We examined all registered investment advisors (RIAs) in the city. Then we gathered key information such as their fee structures, assets under management (AUM) and investment philosophies. Read on to compare and contrast these firms and choose a financial advisor who is right for you.

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Mairs & Power Mairs & Power logo Find an Advisor

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$10,393,914,339 Varies based on account type
  • Financial planning
  • Portfolio management

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning
  • Portfolio management
2 Fiduciary Counselling, Inc. Find an Advisor

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$9,116,006,224 No set account minimum
  • Financial planning
  • Portfolio management
  • Selection of other advisors
  • Educational seminars
  • Investment strategy and allocation advice for investment companies and pooled investment vehicles 

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors
  • Educational seminars
  • Investment strategy and allocation advice for investment companies and pooled investment vehicles 
3 Stonebridge Capital Advisors, LLC Stonebridge Capital Advisors, LLC logo Find an Advisor

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$1,544,774,614 No set account minimum
  • Financial planning
  • Portfolio management
  • Selection of other advisors
  • Publication of periodicals
  • Educational seminars

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors
  • Publication of periodicals
  • Educational seminars
4 PrairieView Partners, LLC PrairieView Partners, LLC logo Find an Advisor

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$745,493,352 $500,000
  • Financial planning
  • Portfolio management

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
5 TruNorth Wealth Partners TruNorth Wealth Partners logo Find an Advisor

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$477,536,286 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Investment consultations

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Investment consultations
6 HighMark Wealth Management, LLC HighMark Wealth Management, LLC logo Find an Advisor

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$392,011,228 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
7 Heritage Wealth Architects, Inc. Heritage Wealth Architects, Inc. logo Find an Advisor

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$185,711,900 $75,000
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Educational seminars

Minimum Assets

$75,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Educational seminars

How We Found the Top Financial Advisor Firms in St. Paul, Minnesota

To find the top financial advisors in St. Paul, Minnesota, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:

Mairs & Power

Mairs & Power

Mairs & Power is a high-net-worth individual-centric firm, as most of its client base is comprised of these types of clients. It also works with non-high-net-worth individuals, investment companies, pension plans, charitable organizations, insurance companies and businesses. Minimums are equally exclusive, as the various investment strategies have minimums from $2 million up to $5 million.

Just about every advisor at this firm holds some kind of advisory certification. Some of them are chartered financial analyst (CFA), chartered investment counselor (CIC) and certified financial planner (CFP). This is a fee-only firm.

Mairs & Power Background

Mairs & Power is the oldest firm on this list, having been founded in 1931. The firm is independent and entirely employee-owned.

All financial planning and investment services at this firm are customizable to your needs. However, financial plans often cover retirement planning, estate planning, cash flow planning, net worth analysis and more.

Mairs & Power Investing Strategy

Mairs & Power uses specific investment strategies when investing clients' assets. These revolve around three major investment styles: equities, fixed-income securities and balanced. Each client's risk tolerance, time horizon, income needs and financial goals are taken into account throughout the client-advisor relationship. This not only comes into play during the construction of your portfolio, but also throughout its management.

Fiduciary Counselling

Founded around 80 years ago, Fiduciary Counselling continues providing investment advisory services in St. Paul. The firm does not have an account minimum, and advisors consult the following types of clients:

  • Individuals with and without a high net worth
  • Trusts
  • Charitable organizations
  • Businesses
  • Pooled investment vehicles
  • Investment advisors

In providing a wide range of financial planning services, Fiduciary Counseling may recommend the services of professionals from other firms. In such cases, you would need to pay the outside money manager on top of your Fiduciary Counselling advisor. Also, Fiduciary Counseling is a fee-only firm, which means it does not earn compensation from anything but client-paid fees.

Fiduciary Counselling Background

Fiduciary Counseling has been around since 1941. The firm’s principal owner is president and CEO M. Julie McKinley. She has been active in the financial services industry for more than three decades. She leads a team that can provide investment management and advice on numerous topics including trust planning, estate planning and tax planning.

Fiduciary Counselling Investment Philosophy

Fiduciary Counselling believes in investing for the long term. It seeks to design portfolios tailored to a specific client’s risk tolerance and goals. The firm may diversify your portfolio by investing your assets across the following security types:

Stonebridge Capital Advisors

Stonebridge Capital Advisors, LLC

Stonebridge Capital Advisors, a fee-only firm, does not require a specific minimum investment from incoming clients. This has caused its individual client base to see quite a bit of variation, as it serves over 1,000 individuals with and without a high net worth. The firm's institutional client base consists of banks, investment companies, pension plans, charitable organizations, insurance companies and businesses.

Stonebridge has a sizable advisory staff, and most of its portfolio managers hold some kind of designation. The most common one at the firm is chartered financial analyst (CFA), though you'll also find a certified financial planner (CFP) on staff.

Stonebridge Capital Advisors Background

Stonebridge Capital Advisors can trace its history back to 1997. Besides its St. Paul headquarters, the firm also operates branches in Denver, Colorado; Traverse City, Michigan; and Hendersonville, Tennessee. The firm is independently owned by its employees.

Investment management and financial planning services are both available at Stonebridge.

Stonebridge Capital Advisors Investing Strategy

Stonebridge Capital Advisors invests client assets in one of three main ways: equity, balanced or fixed-income. This is a somewhat standard approach, as equity portfolios are typically riskier, fixed-income portfolios are typically safer and balanced portfolios combine both of them. As your goals change, the firm will adjust your portfolio accordingly.

To create the portfolios above, Stonebridge uses a number of different investment types, including:

PrairieView Partners

PrairieView Partners, LLC

As a fee-only firm, PrairieView Partners earns all of its compensation from client-paid fees. The firm only works with individual clients, with high-net-worth individuals outnumbering their non-high-net-worth counterparts by about a 2-to-1 ratio. While the firm generally calls for a $500,000 minimum investment, it may be willing to waive this under certain circumstances.

Despite not having a huge team of advisors, PrairieView staff has quite a few certifications to their name. These include certified financial planner (CFP), certified public accountant (CPA), personal financial specialist (PFS) and certified private wealth advisor (CPWA).

PrairieView Partners Background

PrairieView Partners has been around for a little over a decade, having been founded in 2007. The firm's founders and partners still own it. This group includes Jonathan Jaranson, Thomas Irwin, Kristy Schaffer and Robert Aylin, III.

Financial planning services at PrairieView are quite extensive, as they can cover everything from tax planning to retirement planning to estate planning. Custom investment management services are also available.

PrairieView Partners Investing Strategy

PrairieView Partners builds portfolios based on each client's unique situation and needs. When coming up with an investor profile, the firm will especially value certain factors, such as risk tolerance, liquidity needs, financial goals and time horizon. Your advisor will determine these needs by meeting personally meeting with you to discuss everything.

When it comes time to actually invest, the firm will follow the principles of modern portfolio theory. This Nobel prize-winning investment ideology attempts to maximize returns for a given risk level.

TruNorth Wealth Partners

TruNorth Wealth Partners

TruNorth Wealth Partners is fairly small in terms of its advisory staff and client base. In fact, the firm only has about 200 clients, almost all of whom are individuals either above or below the high-net-worth threshold. Charitable organizations and pension plans are also clients of TruNorth. The firm's website list advisory certifications on its staff like certified financial planner (CFP), chartered financial consultant (ChFC) and chartered life underwriter (CLU).

There is no set account minimum at this firm. It's also a fee-only operation, which means its compensation structure doesn't include any third-party sales compensation for things like insurance and securities.

TruNorth Wealth Partners Background

TruNorth Wealth Partners was established in 2013 by Peter Rekstad, who has about 30 years' experience in the financial services industry. Today, Rekstad still owns the firm, along with lead wealth partner Travis Gleason.

The main categories of services at TruNorth are financial planning, investment management, foundation fiduciary and plan trustee support and independent manager selection.

TruNorth Wealth Partners Investing Strategy

TruNorth Wealth Partners builds a custom asset allocation for all of its clients. This is meant to designate the composition of your portfolio, including what types of investments it'll include and how much of each there should ideally be. As your portfolio ages and returns skew this plan, the firm may rebalance your portfolio back to its intended allocation.

In most cases, TruNorth advisors will invest in some combination of the following: mutual funds, ETFs and separately managed accounts (SMAs). Third-party analysis is used to choose investments.

HighMark Wealth Management

HighMark Wealth Management, LLC

HighMark Wealth Management does not have a minimum investment requirement for new clients, meaning technically anyone can join the firm's client ranks. This is reflected in the firm's client base, as it works mostly with non-high-net-worth individuals, in addition to high-net-worth individuals and pension plans.

A few of the firm's advisors hold at least one certification. In fact, there are three accredited investment fiduciaries (AIFs) and one chartered retirement plan specialist (CRPS).

As a fee-based firm, certain advisors at HighMark can sell insurance products and securities on a commission basis. Although this presents a potential conflict of interest, the firm's fiduciary duty means it must act in clients' best interests at all times.

HighMark Wealth Management Background

Founded in 2012, HighMark Wealth Management has two owners: president and CEO Todd Arens and partner/lead wealth strategist Patrick Sullivan. The duo has around 40 years of experience between them.

Investment management services at HighMark are offered on a wrap fee basis, meaning all charges are combined into a single rate. Financial planning can cover topics like retirement planning, estate planning, tax planning and more.

HighMark Wealth Management Investing Strategy

HighMark Wealth Management uses three main types of investment analysis when researching potential investments for client portfolios: charting, fundamental analysis and technical analysis. When investment decisions are actually made, the firm either keeps them on a long-term basis (more than a year), short-term basis (less than a year) or for less than 30 days.

The firm will look to diversify your assets as much as possible in an effort to protect it from being overly reliant on specific areas of the market. Investments are often comprised of ETFs, mutual funds and tactical managers.

Heritage Wealth Architects

Heritage Wealth Architects, Inc.

Across all fo your accounts, Heritage Wealth Architects requires a minimum investment of $75,000. This has led the firm's client base to contain a fairly even split between high-net-worth and non-high-net-worth individuals. The firm also has a few businesses as clients.

All of the advisors at Heritage Wealth hold at least one certification. More specifically, there are two certified financial planners (CFPs), one chartered financial analyst (CFA), one chartered retirement planning counselor (CRPC) and one accredited portfolio management advisor (APMA).

Advisors here can sell insurance products on a commission basis. Although this creates a potential conflict of interest, the firm's fiduciary duty requires it to act in clients' best interests at all times.

Heritage Wealth Architects Background

James Knapp founded Heritage Wealth Architects in 2012. In 2017, the firm underwent a corporate restructuring, but Knapp still remains its CEO, president and principal owner.

Investment management and financial planning are both available through Heritage Wealth.

Heritage Wealth Architects Investing Strategy

Heritage Wealth Architects customizes its clients' investment platforms based on the circumstances surrounding their current fiancial situation. This includes their short- and long-term financial goals, risk tolerance, time horizon and income needs. If your goals or situation changes, the firm will adjust your plans. Adjustments may also be made due to changing market conditions.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research