Fee-only adviser · St. Paul, MN
Mairs & Power
Mairs & Power is a fee-only investment adviser registered with the U.S. Securities and Exchange Commission, with its main office in St. Paul, Minnesota. On its latest Form ADV, filed April 20, 2026, it reports $12.1B in regulatory assets under management, 706 individual clients and 25 employees who give investment advice. It reports no commission compensation, is not registered as a broker-dealer and does not act as an insurance agent.
Key facts from Form ADV
| Registration | SEC-registered |
|---|---|
| Firm CRD number | 110351 · SEC file 801-2731 |
| Office | 30 E 7th Street Suite 2500 St. Paul, MN 55101 |
| Phone | (651) 222-8478 |
| Website | www.mairsandpower.com |
| Regulatory assets under management | $12.1B ($12.0B discretionary) |
| Individual clients | 138 non-high-net-worth, 568 high-net-worth |
| Financial planning clients | 51-100 |
| How it charges | Percentage of assets, Fixed fee |
| Services | Financial planning, Portfolio management, Educational seminars |
| Employees | 60 |
| Disciplinary disclosures | None reported |
| Latest Form ADV filing | April 20, 2026 |
Source: the firm’s Form ADV Part 1A as published by the SEC’s Investment Adviser Public Disclosure database, data as of November 6, 2026. Figures are self-reported by the firm.
What this means for you
- It offers hourly or fixed-fee arrangements, so you may be able to pay for a plan without handing over your investments.
- It also charges a percentage of assets managed for ongoing investment management.
- Most of its individual clients are high-net-worth, which on Form ADV means they meet the SEC’s qualified-client or qualified-purchaser test: broadly, more than $1 million managed by the adviser or a net worth above $2 million, with the thresholds indexed for inflation.
- It provides financial planning services, not only portfolio management.
- It sponsors or manages a wrap fee program; ask what the bundled fee covers.
- It reports no disciplinary history on Form ADV.
Before you hire any adviser
Read the firm’s Form ADV Part 2 brochure on its SEC record: it sets out fees, minimums, conflicts of interest and who will manage your money. Ask whether the firm acts as a fiduciary for all of your accounts, how it is paid in total, and who holds your assets. Our guide to choosing a financial adviser lists the questions to ask.
Other fee-only advisers in St. Paul
- Fiduciary Counselling Inc $10.1B
- Stonebridge Capital Advisors LLC $2.5B
- Greater Midwest Financial Group, LLC $589M
- Highmark Wealth Management LLC $612M
- Quarry Hill Advisors $395M
- R.m. Shannon Wealth Management, LLC $31M
See all 12 fee-only advisers in St. Paul →
Nearby
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- Minneapolis 41 firms
- Mendota Heights 2 firms
- Arden Hills 2 firms
- New Brighton 1 firm
- Shoreview 2 firms
- Eagan 4 firms
- Edina 26 firms
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