Fee-only adviser · Minneapolis, MN
Tealwood Asset Management
Tealwood Asset Management is a fee-only investment adviser registered with the U.S. Securities and Exchange Commission, with its main office in Minneapolis, Minnesota. On its latest Form ADV, filed February 6, 2026, it reports $365M in regulatory assets under management, 230 individual clients and 4 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 | 105245 · SEC file 801-29095 |
| Office | 120 South 6th Street Suite 1900 Minneapolis, MN 55402 |
| Phone | (612) 340-0181 |
| Website | www.tealwood.com |
| Regulatory assets under management | $365M |
| Individual clients | 61 non-high-net-worth, 169 high-net-worth |
| Financial planning clients | 1-10 |
| How it charges | Percentage of assets, Fixed fee |
| Services | Financial planning, Portfolio management |
| Employees | 7 |
| Disciplinary disclosures | None reported |
| Latest Form ADV filing | February 6, 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 Minneapolis
- Riverbridge $5.0B
- Everest Financial Group $1.0B
- Financial Perspectives $1.2B
- All Star Financial $882M
- Schwarz Dygos Wheeler Investment Advisors LLC $730M
- Element Squared Private Wealth $203M
See all 41 fee-only advisers in Minneapolis →
Nearby
- St. Paul 12 firms
- St. Louis Park 5 firms
- Golden Valley 1 firm
- Roseville 1 firm
- Edina 26 firms
- Minnetonka 11 firms
- Arden Hills 2 firms
- New Brighton 1 firm
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