Fee-only financial advisors in Minnesota

201 fee-only investment advisers in Minnesota serve individuals, across 56 cities. 148 offer hourly or flat-fee arrangements and 121 are registered with the SEC; the rest are registered with the state securities regulator. Each listing comes from the firm’s own Form ADV filing, as of November 6, 2026.

Cities with three or more fee-only advisers

• Minneapolis 41
• Edina 26
• Bloomington 16
• St. Paul 12
• Minnetonka 11
• Plymouth 10
• Wayzata 8
• St. Louis Park 5
• Maple Grove 5
• Eden Prairie 5
• Eagan 4
• Rochester 4
• Woodbury 4
• Excelsior 3

Fee-only advisers in Minnesota serving the most individuals

• Riverbridge Minneapolis · 3,482 individual clients
• Everest Financial Group Minneapolis · 1,940 individual clients
• Minneapolis Portfolio Management Group, LLC Wayzata · 1,732 individual clients
• Fiduciary Counselling Inc St. Paul · 1,645 individual clients
• Stonebridge Capital Advisors LLC St. Paul · 1,609 individual clients
• Pine Grove Financial Group Woodbury · 1,404 individual clients
• 360 Financial Wayzata · 1,196 individual clients
• Affiance Financial LLC St. Louis Park · 1,178 individual clients
• Cahill Financial Advisors, Inc. Edina · 1,109 individual clients
• Jnba Financial Advisors, LLC Bloomington · 1,105 individual clients

Other Minnesota cities

How to choose between them

1. Decide how you want to pay. Hourly and flat-fee planners suit people who want a plan and will implement it themselves. A percentage-of-assets fee buys ongoing investment management; on $1 million at 1% that is $10,000 a year, every year.
2. Check the SEC record. Each listing links to the firm’s page on the SEC’s Investment Adviser Public Disclosure site, where you can read the Form ADV Part 2 brochure (fees, minimums, conflicts) and any disciplinary history.
3. Ask who you will actually work with and what credentials they hold. The advisor versus consultant guide explains which titles are regulated and which are marketing.
4. Ask about minimums. Form ADV Part 1 does not record account minimums, so they are not shown here. Many asset-based firms require $500,000 or more; hourly planners usually have none.
5. Get the fee in writing before you sign, including fund expenses and any platform or custody charges on top.