2020-2021 RANKING & REVIEWS
BEST FINANCIAL ADVISORS IN MINNESOTA
Ranking the Top Financial Advisors in Minneapolis, Minnesota for 2020-2021
Knowing how to invest your money best can be confusing at any time. This is particularly the case when it comes to the unpredictable markets that we’ve seen so far in 2020.
The coronavirus pandemic has brought a lot of uncertainty for investors in Minneapolis, St. Paul and throughout Minnesota. Ensuring you’re working with one of the top Minneapolis financial advisors can reduce some fear during this time.
Financial advisors in MN have the experience and track record that can help their clients make the best choices according to market conditions. Many advisors have been in the business a while and can offer steady guidance to help clients protect their nest eggs.
But how do you know which financial planners in Minnesota will meet your needs best? Not all of them serve the same types of clients, so you want to make sure you choose one that fits your financial situation.
Award Emblem: Top 12 Best Financial Advisors & Wealth Managers in Minneapolis, MN
Some Minneapolis financial planners work with high-net-worth individuals. While other Minneapolis financial advisors work with people at all wealth levels.
It can take a lot of time to research top Minnesota financial advisors to help you create a 2o2o financial plan. It can also be confusing when you search, “financial planner Minneapolis” and get many results, unsure which are the most reliable.
The team at AdvisoryHQ has worked to make the process less complicated. We review several of the top financial advisors in and around Minneapolis, MN each year to bring you those with the best reputations and that offer a number of quality financial services.
When searching, “financial advisor Minneapolis,” you’ll want to consider the 12 top advisors on this list. We’ll go through an overview of each firm and tell you what makes it stand out as a 2020-2021 top choice.
Top 12 Best Wealth Managers & Financial Advisors in Minneapolis | Brief Comparison & Ranking
Best Financial Advisors in Minneapolis, Minnesota | 2020-2021 Ratings |
| Advanced Wealth Management Group | 5 |
| Aurochs Financial Group | 5 |
| Birchwood Financial Partners | 5 |
| Cahill Financial Advisors, Inc. | 5 |
| FFP Wealth Management | 5 |
| Flourish Wealth Management | 5 |
| Laurel Wealth Planning LLC | 5 |
| Pitzl Financial | 5 |
| PrairieView Partners | 5 |
| SilverOak Wealth Management LLC | 5 |
| Vector Wealth Management | 5 |
| White Oaks Wealth Advisors | 5 |
Table: Top 12 Best Financial Advisors in Minnesota – Above list is sorted by rating
Should I Use a Fee-Based or Fee-Only Financial Planner in Minnesota?
Do you know the difference between fee-based and fee-only financial advisors and wealth management firms in Minnesota? If not, you could be disappointed in your relationship down the road.
Each Minnesota financial advisor can work on a fee-based or fee-only basis. Both types can also be a fiduciary. There are some important distinctions between each type that may not be immediately apparent when you’re searching, “financial planning Minneapolis.”
We’ll provide you an overview below, so you’ll be able to make an informed decision.
Fee-Only Financial Planning Firms
A Minneapolis financial advisor that is “fee-only” does not accept commissions or third-party referral payments. Their only form of compensation is the client fee.
Why is this a good thing? Because when the only income source for a fee-only financial planner in Minnesota comes from the client, conflicts of interest are less of an issue. Conflicts can arise from recommending and selling investment products for a commission.
In a nutshell, a fee-only Minnesota wealth management advisor is in a better position to act solely in the interest of their clients.
Fee-Based Financial Planning Firms
Minnesota financial planning firms that are “fee-based” receive both client fees and can also accept commissions from organizations by selling their financial products.
This type of commission option that comes with a fee-based structure can create potential conflicts of interest.
However, to help counteract that conflict, many Minneapolis financial planners are also fiduciaries. This means the financial planner is legally responsible to fully disclose any conflicts of interest and required to put the interests of their clients ahead of their own.
So, if you’re working with a financial advisor in Minnesota that is fee-based, if they’re also a fiduciary, that’s a good sign.
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2020-2021 AdvisoryHQ’s Selection Methodology
What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services and products that are ranked on its various top-rated lists?
Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top rated credit cards, financial accounts, firms, products, and services.
Detailed Review – Top Ranking Wealth Management Firms in Minneapolis, MN
Below, please find the detailed review of each firm on our list of 2020-2021 best wealth management firms in Minneapolis. We have highlighted some of the factors that allowed these Minnesota financial advisors to score so high in our selection ranking.
Click on any of the names below to go directly to the review section for that firm.
- Advanced Wealth Management Group
- Aurochs Financial Group
- Birchwood Financial Partners
- Cahill Financial Advisors, Inc.
- FFP Wealth Management
- Flourish Wealth Management
- Laurel Wealth Planning LLC
- Pitzl Financial
- PrairieView Partners
- SilverOak Wealth Management LLC
- Vector Wealth Management
- White Oaks Wealth Advisors
Click below for previous years’ rankings:
- 2019 Ranking: Top 11 Best Financial Advisors & Wealth Managers in Minneapolis
- 2018 Ranking: Top 10 Best Financial Advisors in Minneapolis
- 2017 Ranking: Top 9 Best Financial Advisors in Minneapolis
- 2016 Ranking: Top 10 Best Financial Advisors in Minneapolis
Advanced Wealth Management Group Review
With a Wealth Coaching process based on over 30 years of experience, Advanced Wealth Management Group takes a unique approach to financial planning Minneapolis residents might not find at other firms.
The firm uses an exclusive system called The Advanced Wealth Optimization System™, which is based upon listening first and acting second. This financial advisor in Minnesota offers a full range of services, including retirement planning, portfolio management, and estate distribution.
Advanced Wealth Management Group is a fee-based financial advisor, Minneapolis based, with an office on Fourth Avenue S. We did not find mention of being a fiduciary on its ADV or website. Still, it notes that the firm upholds moral and ethical values.
Key Factors That Enabled Advanced Wealth Management Group to Rank as a Top Wealth Management Firm in Minneapolis, MN
Wealth Coaching System
The financial advisors at Advanced Wealth Management Group see themselves as wealth coaches. Their unique take on wealth management is designed to promote a one-on-one approach to help retirees, families, and professionals with a customized financial plan.
While other financial advisors in MN might jump into selling you on particular financial products, this firm’s team is different. They believe in listening first to understand your situation, goals, and requirements fully, and then matching those needs second.
Their tailored Wealth Coaching approach ensures that clients feel heard and not just there to be sold. The Minneapolis financial advisors at Advanced Wealth see their clients as family and their clients’ financial success as a top priority.
Top Financial Planner Minneapolis, MN
Strategic Investment Management
When it comes to investing, consistent results are a sign that you’ve chosen one of the best financial advisors in Minneapolis. Advanced Wealth uses a strategic active and passive approach to investment management that’s based on intense research.
These Minneapolis financial planners continuously monitor the performance of each portfolio along with market and economic conditions. You can be assured your portfolio is never being left on “autopilot,” but is instead actively managed by this team.
Rating Summary
As a top Minnesota financial advisor, Advanced Wealth Management Group takes an exclusive approach using solid wealth coaching methods. From business professionals to retirees, the firm’s advisors work to create a completely customized experience.
While these financial advisors in MN, are fee-based, meaning advisors are open to accepting commissions, the firm promotes a strong set of core values. You can find these on the firm’s website, and they include working for the common good of its clients.
With a unique approach and a commitment to customizing each client’s financial plan according to their needs, this Minneapolis wealth management firm earns a 5-star rating and is one to consider in 2020-2021.
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Aurochs Financial Group Review
Serving affluent couples and women in transition, Aurochs Financial Group is a top Minnesota wealth management firm with a distinct niche. The firm’s advisors believe in following fundamental principles with a proven track record.
As a fee-only wealth management firm in the Minneapolis area, Aurochs specializes in serving clients within 10 years of retirement or those that are already retired with comprehensive, client-centered financial guidance.
The firm is a fiduciary, meaning its advisors have an obligation to always put their client’s needs before their own. This is a desirable feature when seeking top Minneapolis financial planners.
Key Factors That Enabled Aurochs Financial Group to Rank as a Top Wealth Management Firm in Minneapolis, MN
Targeted Client Focus
Aurochs Financial Group serves a distinct clientele, which allows it to provide a high level of service because its advisors completely understand the financial needs of that group.
These financial advisors in MN mainly serve affluent couples or women in transition within 10 years of retirement or in retirement. This laser focus helps them stand out among competing wealth management firms in Minneapolis.
Aurochs also provides a handy overview of its ideal client to help those who are potential clients determine whether this Minnesota financial advisor will be a good fit for their specific financial goals. It typically serves those with $1 million to $10 million in investments.
The firm is a member of the National Association for Personal Financial Advisors (NAPFA) and has credentialed advisors on its team with Certified Financial Transitionist® (CeFT®) and Certified Financial Planner (CFP®) designations.
Several Distinct Services
Along with serving a unique set of clients, these Minnesota financial advisors also offer several distinct financial services.
For those people searching for financial planning firms in Minneapolis that offer a full range of services, they won’t be disappointed when they work with Aurochs.
Here are some of the firm’s financial services:
- Ongoing Wealth Management—Includes Financial Planning, Investment Management, Tax Planning, Estate Planning, Charity Planning, and Risk/Insurance Planning
- Managing Life’s Transitions—A team with specialized training and care to guide clients through major life changes and transitions
- Widow Services and Financial Direction—Expertly and carefully address immediate and future financial worries while allowing space to grieve
- Comprehensive Financial Plan— A wide range of financial and investment topics, including education savings, investments, insurance, medical/health, and more
- Second Opinion Service – A complimentary service that allows potential clients to confirm their current plans are on track or receive suggestions for improvement
Best Financial Advisors in Minnesota 2020-2021
Rating Summary
Aurochs Financial Group offers couples and women in transition a customized financial plan that is based upon years of expertise and a deep understanding of its clients’ needs. Additionally, the firm’s fiduciary and fee-only structure instills confidence and trust.
While the advisory team at Aurochs may not be as large as other Minnesota financial firms, for many clients, that’s a positive. Working with a smaller firm means that clients can feel more like family and feel assured of a personalized financial plan.
Being a NAPFA registered financial advisor, puts Aurochs among those on the highest level in the financial planning industry. We’ve scored the firm with 5-stars as one of the top financial advisors in MN.
Birchwood Financial Partners Review
Helping clients live their most meaningful life is a key focus of Birchwood Financial Partners. This Edina, Minnesota wealth management firm typically works with clients with a minimum asset balance of $1,000,000 but does make exceptions.
The firm is fee-only and also a fiduciary. It helps clients identify how money intersects with their values, goals around family, work, and lifestyle.
As a top Minneapolis wealth management firm, Birchwood advisors prize personal relationships and truly getting to know each client.
Key Factors That Enabled Birchwood Financial Partners to Rank as a Top Wealth Management Firm in Minneapolis, MN
Broad Spectrum of Services
This Minneapolis wealth management firm and its advisors have cultivated a diverse set of experiences and expertise to deliver broad-spectrum services to its clients.
It is also one of the few wealth management firms in Minneapolis that highlights sustainable investing, something that is becoming more important to investors looking to the future.
The firm’s services include:
- Sustainable, Responsible, Impact Investing—The Minneapolis financial advisors at Birchwood can guide you toward investments that reflect your environmental values and promote sustainable business practices
- Legacy Planning—Forward-looking planning for how your assets will be managed in the event you cannot manage them yourself that creates a roadmap for the future
- Investment Management—Focuses on long-term strategies identifying the appropriate mix of various types of assets in your portfolio
- Retirement Planning—Sessions designed to uncover financial goals and explore options for sustainable income once you reach retirement
- Cash Flow and Budgeting—Helps you balance your goals and lifestyle with cash flow so you can gain better control of your financial future
- Tax Planning—These Minnesota financial advisors will work closely with tax professionals and accountants to implement efficient tax planning strategies
- Insurance Review—Helps clients optimize existing insurance coverage in areas such as life, disability, health, long-term care, and property-casualty
- Charitable Giving Strategies—Assists clients with finding flexible, tax-advantaged ways to make charitable donations to causes they believe in
- Education Planning—Assists parents with balancing financial resources and educational planning for their children
Top Financial Planner Minneapolis
Talented, Diverse Team
Birchwood was founded in 1990 and has a diverse team of Minnesota financial advisors, with qualifications including Certified Financial Planner™, Chartered Advisor in Philanthropy®, Chartered Financial Analyst, and Chartered SRI Counselor ™.
Many team members are active in local and professional affiliations. They have also earned various awards and accolades, which is an indicator that this fee-only financial planner in Minnesota is a leader in its field.
A unique aspect of this Minneapolis wealth management firm is that the majority of its financial advisors and support staff are women. This is a stark contrast against the financial advisory industry as a whole.
Birchwood successfully maintains a commitment to championing a diverse, talented team of Minnesota financial advisors in an industry that is notorious for being less diverse.
Rating Summary
For three decades, Birchwood Financial Partners has offered a high level of customized service for clients. Its industry-leading team stands out both for their accolades and commitment to continued education in their field.
Being among the top-rated financial advisors in Minnesota and the firm’s notable themes of gender diversity and sustainable investing, make it truly unique.
With a dedication to client success first and foremost and a broad selection of services, Birchwood earns a 5-star rating as a top Minnesota financial advisor to consider working with in 2020-2021.
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Cahill Financial Advisors, Inc. Review
With a qualified team of experts, Cahill Financial Advisors, Inc. is a top Minnesota financial advisor located in Edina, MN and serving the Twin Cities metro area and clients throughout the country.
The firm is a fee-only financial planner in Minnesota that is also a fiduciary. It provides investment management, financial planning, estate planning, and other related services for individuals, families, and small businesses.
Founded in 1980, these Edina, Minnesota financial planners consider their clients as neighbors, working to be a trusted partner and guide them to a successful financial future.
Key Factors That Enabled Cahill Financial Advisors to Rank as a Top Wealth Management Firm in Minneapolis, MN
Fee-Only Advisory Services
Cahill Financial Advisors is a fee-only wealth management firm in Minneapolis. This means that its advisors do not earn commissions, referral fees, or incentives for the sale of any products.
This, coupled with a commitment to always put the client first, is a factor that ranks the firm among the top wealth management firms in Minneapolis.
The firm’s advisors and professionals hold industry-recognized designations, such as:
- Certified Financial Planner™
- Chartered Financial Analyst®
- Chartered Financial Consultant®
- Certified Public Accountant
- Certified Divorce Financial Analyst®
- Certified Fund Specialist®
Asset Management
Asset management is one of the most vital parts of financial planning, ensuring that you can meet lifestyle, education, retirement, and philanthropic goals. Proper management of assets can make a difference in how secure you are in retirement and how soon life goals are reached.
As one of the best wealth management firms in Minnesota, Cahill Financial Advisors offers the following asset management guidance and services:
- Goal-oriented investment policy statements
- Strategic & tactical asset allocation
- Risk management & diversification
- Tax considerations
- Employer retirement account integration
- Independent research
Potential clients that are interested in learning more about these Minneapolis wealth management services are invited to go in for an initial complimentary meeting with Cahill experts.
2020-2021 Financial Planning Minneapolis
Rating Summary
If you’re looking for a top wealth management firm in Minneapolis with a highly credentialed and experienced team, then Cahill Investment Advisors is an excellent option. In addition to being fee-only, the firm also makes a fiduciary commitment.
With four decades of experience and client-centric philosophy, Cahill offers a unique mix of experience and tailored services. These factors and others put it among the top financial advisors in Minnesota and score it a 5-star rating.
FFP Wealth Management Review
With a commitment to financial education and serving its clients’ best interests always, FFP Wealth Management is a top Minneapolis financial advisory firm.
FFP offers a wide array of services, including investment management, estate planning, tax preparation services, and financial planning. This Minneapolis wealth management firm serves individuals, families, businesses, and other organizations.
As a Registered Investment Advisor and a member of the Fee-Only Network, the firm is a fee-only financial planner in Minnesota, and its advisors are fiduciaries.
Key Factors That Enabled FFP Wealth Management to Rank as a Top Wealth Management Firm in Minneapolis, MN
Tax Super SheetTM
The tax code is continually changing, and if you don’t have the guidance of a top Minneapolis financial advisor, you could be hit with serious tax implications in the future.
One way the team at FFP Wealth Management helps clients is by providing a proprietary tool known as the Tax Super SheetTM. It’s designed to help clients navigate existing and new tax regulations so they can develop smart tax strategies.
This planning tool allows these financial advisors in Minneapolis to provide clients with a clear picture of tax implications of investment choices, answering questions like:
- Should major purchases be financed or paid in cash?
- When is the right time to refinance a mortgage?
- How can I pay for my child’s tuition and save for retirement?
- What is the most probable tax rate at retirement?
- Are tax-free bonds really beneficial?
- Do tax referrals save or cost me money?
- How can I limit potential tax errors made by my heirs related to inheritance?
Financial Advisor Minneapolis – 2020-2021 Ranking
Planning for Retirement
FFP is a wealth management firm in Minneapolis that recognizes that most Americans are looking for customized financial advice. The firm’s advisors take clients’ unique financial situations and goals into consideration when crafting their financial plan.
Every financial situation is different, which means that each course of action will be equally as different. This is why this Minnesota wealth management firm takes a customer-centered approach.
FFP Wealth Management is experienced at tailoring retirement planning advice to each person’s point in life, lifestyle, and goals for the future. Its retirement guidance and planning include 401(k) plans, IRAs, rollovers, and more, helping to answer retirement planning questions like:
- How much should I invest in my retirement plans?
- Should I keep my 401(k) or move my funds to an IRA?
- What percent of income should I replace in retirement?
- What will my health care costs be if I retire?
Rating Summary
As one of the best financial advisors in Minneapolis, FFP Wealth Management provides a broad array of services. It also excels at giving helpful financial information in an easy-to-digest format, making it simple for potential clients to evaluate whether FFP is right for them.
With a comprehensive process and tools to keep clients organized, focused, and positioned for success, FFP Wealth Management earns a 5-star rating as a top Minnesota financial advisor to consider working with in 2020-2021.
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Flourish Wealth Management Review
Founded as a woman-owned business in 2014, Flourish Wealth Management is a top wealth management firm in Edina, Minnesota. The firm’s advisors take a thoughtful and strategic approach to financial planning to help clients take control of their financial life.
This is a fee-only financial planner in Minnesota that works with women, individuals, and families. It offers services centering around wealth management, investment management, and investing with a purpose.
Key Factors That Enabled Flourish Wealth Management to Rank as a Top Wealth Management Firm in Minneapolis
Risk Management
In addition to unexpected personal events, there are also those events that impact the global economy as a whole. This makes it important to be working with a Minneapolis financial advisor that considers risks.
Flourish reviews all aspects of risk to help clients create a safety net that prepares them in the case of unforeseen life events.
Reviewing existing insurance coverage is part of their risk management process for financial management. These top Minneapolis financial advisors do not accept any commissions or referral fees for any of the financial products they offer. They work with independent insurance brokers to help meet a client’s individual needs.
Women’s Wealth Management Needs
As one of the best financial planners in Minneapolis, Flourish Wealth Management offers a distinct set of investment and wealth management and advisory services that are designed for the needs of female clients.
From women in transition (separations, divorce, loss of a loved one), to female executives and independent business owners, Flourish Wealth Management has designed its advisory capabilities to address a full range of these financial needs.
Some of the unique financial challenges faced by women that the firm takes into consideration are:
- Women earning less over their lifetime due to wage disparity
- Taking time away from work to care for children or aging parents
- Women have longer life expectancies, making planning for retirement challenging in comparison with men
Top 2020-2021 Financial Planners in Minneapolis
Rating Summary
If you’re looking for a custom, boutique investment planning firm, then Flourish Wealth Management is an excellent option. Their advisors take a personalized approach and help clients work toward financial empowerment for a more secure future.
One factor that makes these financial advisors in Minnesota particularly compelling is the focus on providing women’s wealth management services. The firm’s advisors understand that professional women have entirely individual financial concerns.
Flourish Wealth Management brings a wealth of industry experience and a thoughtful and strategic approach to financial planning. The firm is among the best financial advisors in Minneapolis to work with and earns a 5-star rating.
Laurel Wealth Planning LLC Review
Driven by quality and client connection, Laurel Wealth Planning is one of the top-rated financial advisors in Minnesota. This boutique firm specializes in serving women going through life events, such as divorce, loss of a spouse, and retirement.
With a 20-year history, this independent, fee-only fiduciary has a clear set of values that include client care first, honor, reliability, and going the extra mile. Its balanced investment process helps clients approach their financial future in a comprehensive and tactical way.
Key Factors That Enabled Laurel Wealth Planning to Rank as a Top Wealth Management Firm in Minneapolis, MN
Focus on Serving Women
Women who find themselves in transition, either due to divorce, loss of a spouse, or because they’re nearing retirement can benefit from working with financial planning firms in Minneapolis that understand their unique needs.
Laurel Wealth Planning is woman-founded and woman-led. Its niche is serving women and helping them through life transitions and ensuring their financial picture remains a good one.
From tax planning to investment plans and wealth accumulation, the firm’s advisory team has experience with a wide variety of financial needs and takes a holistic approach. The goal of their advisors is to be there as your “voice of reason” during the long-haul to help you chart and stay on a firm financial path.
2020-2021 Ranking: Top Financial Advisor Minneapolis
Quality First
Quality has always been the watchword of the team at Laurel Wealth Planning. They understand that ensuring a high level of quality in service in everything they do is a win-win proposition.
This attention to providing quality financial planning and investment services in Minnesota has led to many referrals from professionals such as accountants and attorneys.
The firm has also never experienced a legal action, and its advisors take pride in their long-term client relationships.
The firm’s commitment to helping people chart a successful financial path extends to those that visit its website. It offers a number of free resources for women that cover divorce, loss of a spouse, and other topics.
Rating Summary
For women going through a transition, Laurel Wealth Planning is a firm that is focused on this niche. Their advisors work to create long-term relationships that can be a welcome calm in the midst of changing life events for their clients.
With an exceptional commitment to giving quality service and advice, and a laser-focus on the needs of women in multiple stages of life, Laurel Wealth Planning is awarded 5-stars as one of the top financial advisors in Minnesota.
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Pitzl Financial Review
Pitzl Financial is a top financial advisor in Minnesota that focuses on the client’s needs first. Their advisors craft a financial solution to help clients achieve their goals through a unique blend of personalized service and “large firm” resources.
As top Minneapolis financial planners, Pitzl Financial is an independent, fee-only wealth management firm. Its advisors work to offer a refreshing and modern take on the financial planning process that benefits its clients.
Key Factors That Enabled Pitzl Financial to Rank as a Top Wealth Management Firm in Minneapolis, Minnesota
Fee-Only & Fiduciary
As a fee-only investment manager and financial planner, the company is fully transparent and accountable to its clients. Pitzl Financial does not sell any products, nor does it receive any referral fees from other professionals. This offers a strong foundation of trust.
Being one of the top wealth management firms in Minnesota, Pitzl Financial acts as a fiduciary for its clients, putting their best interest first and foremost at all times.
Clients can have faith in the fact that advice provided by the firm and its team of advisors is without any conflict of interest or personal gain by any other parties.
Commitment to Clients
Closely related to its mission as a fee-only financial planner in Minneapolis are the commitments Pitzl Financial makes to each client. Advisors believe that clients should have a financial advisor that centers a financial plan around their needs, not the other way around
Their client commitments include:
- Treating assets, personal information, and values with the same care and confidence as they would their own
- Complete transparency with all fees
- Acting with integrity and honesty always
- Bringing clarity, order, and coordination to their clients’ lives
- Respecting each client’s unique life experiences, values, and opinions
- Providing unparalleled customer service
- Constantly increasing their industry knowledge and expertise
- Respecting each client’s life experience and opinions
For potential clients, these commitments provide a compelling advantage. They also help reduce the fear of being judged when first meeting with a Minneapolis financial advisor. Pitzl Financial only wishes to serve their clients, making no judgments.
Financial Planner Minneapolis
Rating Summary
Pitzl Financial is one of the best financial advisors in Minneapolis, Minnesota. The firm puts its clients first and believes in crafting a financial strategy around their current lifestyle and future dreams.
It also has a unique, corporate board-like approach to governing and managing its clients’ wealth through Your Personal Boardroom™. This feature empowers clients to become their own life CEO.
With a focus on its fiduciary commitment and a modern approach, Pitzl Financial earns a 5-star rating and is one of the top Minnesota financial advisors to consider working with in 2020-2021.
PrairieView Partners Review
Taking a team-based approach, PrairieView Partners is a top financial advisor in St. Paul, MN that offers a broad range of financial services, including investing, retirement planning, estate planning, charitable planning, and more.
The firm was founded in 2007 and works with individuals with a net worth of between $2 million and $15 million.
This fee-only, fiduciary firm is one of the best wealth management firms in Minnesota for investors looking for a personal touch. The firm’s specialty is offering fully integrated financial services from a team of qualified experts.
Key Factors That Enabled PrairieView Partners to Rank as a Top Wealth Management Firm in Minnesota
Fee-Only & Fiduciary Responsibility
Clients working with PrairieView have full fee transparency. All financial recommendations and advice provided are solely in the best interest of the client. PrairieView Partners is legally and professionally bound to act as fiduciaries to its clients.
This financial management firm in Minnesota is fee-only, which means that its advisors do not receive any fees or commissions for selling investments or insurance products. This mitigates any conflicts of interest.
Fees are based on a percentage of the value of the portfolio being managed, with a minimum annual fee agreed upon based on the level of service needed.
Integrated Strategy & Team Approach
Unlike some of the other financial advisors in the St. Paul and Minneapolis area, PrairieView’s business model is based on an integrated approach. This means that instead of working with one financial advisor, clients are assigned an entire team of experienced professionals.
This strategy brings together expertise from a multi-disciplined team of lawyers, accountants, tax specialists, insurance experts, and stockbrokers to deliver both “big picture” and detailed advice to clients.
This top wealth management firm in Minnesota offers clients a broad array of professional services, including:
- Retirement planning
- Portfolio management
- Estate planning
- Tax planning
- Trust & estate administration
- Stock option compensation
- Risk management
- Charitable planning
Top-Rated Financial Planning Minneapolis
Rating Summary
PrairieView Partners offers high-net-worth individuals a level of expert, team-based guidance that can’t be found with every financial advisor in Minnesota.
The firm’s well-balanced team includes professionals such as a certified financial planner, investment specialist, certified public accountant, and estate planning attorney.
With a strong commitment to customer trust and transparency and a client-centered philosophy, PrairieView Partners is one of the best financial advisors in Minnesota to consider working with in 2020-2021.
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SilverOak Wealth Management LLC Review
SilverOak Wealth Management is based in Edina, MN and serves the greater Minneapolis/St. Paul area. The firm’s advisors believe that no two investors are the same, and they structure their financial plans to be as unique as their clients.
The firm is a fee-only financial advisor in Minnesota with a mission to improve the quality of its clients’ lives through successful financial guidance.
SilverOak advisors have over 50 years of combined financial experience, along with a variety of professional designations across multiple personal finance disciplines.
Key Factors That Enabled SilverOak to Rank as a Top Wealth Management Firm in Minneapolis, MN
Fee-Only Advisor & RIA
When you’re searching, “financial advisor Minneapolis,” being a Registered Investment Advisor (RIA), is a good sign. As an RIA, SilverOak and its advisory team are legally and professionally required to offer advice to clients that is free of any conflict of interest.
SilverOak Wealth Management is a fee-only wealth manager and financial planner in Minneapolis. The firm operates independent of any other service providers and does not earn commission by selling any third-party product or service.
This means that all advice provided by this Minneapolis wealth management firm must always put its clients’ best interest before anything else. This fiduciary responsibility promotes greater trust in the advisor-client relationship.
Awards & Industry Recognition
When a wealth management firm continually receives industry awards, it’s a sign that its team excels at what they do.
As one of the best financial advisors in Minnesota, SilverOak has received numerous awards and recognition from leading financial publications, including CNBC, Financial Times, and Five Star.
Some of these Minneapolis wealth manager recognitions include:
- Being named a Five Star Wealth Manager in 2020, and for multiple consecutive years
- Being ranked #8 on CNBC’s 2014 Digital Inaugural list of the Top 100 Fee-Only Wealth Management Firms
- Recognized for four consecutive years as a Top 300 Registered Investment Advisor by Financial Times
These awards reflect the continuous excellence of both the firm and its team of expert financial advisors.
Top-Rated Financial Advisor Minneapolis
Rating Summary
SilverOak is a top wealth management firm in Minneapolis founded on a belief in life-long financial planning that helps clients successfully navigate multiple stages of their life.
With a fee-only pricing structure and industry recognitions, SilverOak advisors bring a wealth of expertise and a foundation of trust to client relationships.
With a focus on long-term relationships and a holistic approach to financial management, SilverOak Wealth Management earns a 5-star rating and is among the top Minnesota financial advisors to work with in 2o20.
Vector Wealth Management Review
With a mission to give clients confidence in their financial life, Vector Wealth Management is one of the top financial advisors in Minneapolis, MN with a unique approach to financial planning and management.
The firm’s SOJOURN™ wealth management application is proprietary and is designed to give clients a “pause in the path of a longer journey.”
Vector Wealth Management is a fee-based, fiduciary financial management firm in Minnesota. Its advisors serve individuals and couples, retirees, business owners, those managing an inheritance, real estate investors, anyone looking for financial guidance for their future.
Key Factors That Enabled Vector Wealth Management to Rank as a Top Wealth Management Firm in Minnesota
SOJOURN™ Investment Software
Vector Wealth Management offers proprietary software called SOJOURN™, designed to give a unique value to its clients that they won’t find with other Minnesota financial advisors. The application creates a custom investment policy based upon a client’s unique goals.
This top-rated wealth management firm in Minneapolis uses goals-based investing. The app facilitates the ability for assets to support their clients’ income in their allotted timeframe. This proprietary approach offers a high probability for the returns that clients are looking for.
Best Financial Advisor Minneapolis – Top 12 List
Disciplined Investment Process
Vector advisors construct client portfolios using a disciplined and scientific approach to investing. They combine resources from both their own internal research and third-party research to create long-term strategy-based policies as well as shorter-term tactical policies that make the most of market cycles.
Their investment acumen brings together some of the following factors:
- Concentrated Position Risk Management
- Options Overlay Strategies
- Strategic Gain/Loss Harvesting
- Tax Efficient Portfolio Construction
- Proactive Strategic and Tactical Portfolio Rebalancing
- Legacy Asset Strategies
Rating Summary
Vector Wealth Management works to make the financial planning process as comprehensive as possible for its clients. This is a big focus of its proprietary software and helps it stand out as a top wealth planning partner in Minneapolis, MN.
The combination of short-term and long-term views in the approach its advisors take to investment management help build resilient financial strategies for clients.
With a focus on innovation and making wealth management as simple as possible, Vector Wealth Management scores a 5-star rating as a top Minneapolis financial advisor to consider partnering with in 2020-2021.
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White Oaks Wealth Advisors Review
With over 100 years of combined team experience, White Oaks Wealth Advisors, Inc. is an independent financial advisor in Minneapolis that also serves clients locally in Sarasota, FL. The firm is a 100% woman-owned registered investment advisory firm.
As a fee-only Minneapolis financial advisor, White Oaks Wealth Advisors helps clients maximize and preserve their wealth. The firm works with business executives, multi-generational wealth, professionals, and those making life transitions.
Key Factors That Enabled White Oaks Wealth Advisors to Rank as a Top Wealth Management Firm in Minnesota
A La Carte Pricing Options
As a top-ranked Minneapolis wealth management firm, White Oaks tailors its wide range of services to ultra-high-net-worth family office clients and high-net-worth individuals.
Clients have the benefit of picking and choosing the services they need, which is why an a la carte pricing is offered on all services, with discounts when multiple services are used.
This unique pricing approach ensures clients aren’t required to pay for services that they don’t need. The transparent prices, fees, and percentages make it easy for clients to know up front exactly what each service will cost.
These service options include:
- Financial Planning Project with Ongoing Investment Management
- Financial Planning Project Only
- Wealth Management Retainer for Services
- Family Office Services
- Investment Management Fees
- Strategic Minimalist™
- Mindful Traditionalist™
- Mindful Progressive™ Pooled Funds
Non-investment services can be priced hourly, by project, or with a retainer, allowing a wide range of flexibility.
Top Wealth Management Firms in Minneapolis
Professional Recognition
White Oaks has been recognized as one of the top-ranking wealth management firms in Minneapolis through individual and company-wide awards and accolades. These include recognition from some of the most respected sources in the financial industry.
These financial industry recognitions include:
- Five Star 2020 Wealth Manager
- Listed in the Top 500 by Business Observer in 2019
- FA RIA Survey & Ranking 2019
- Listed in CNBC’s chart of the Top 100 fee-only wealth management firms
As a Minneapolis wealth manager whose views and opinions are well regarded in the industry, CEO Sharon Bloodworth is frequently quoted and published in mainstream financial media, including Forbes, CFP Today, The New York Times, USA Today, Minneapolis Star Tribune, Barron’s and Fortune.
Rating Summary
White Oaks is a boutique firm that is committed to offering holistic wealth management services to its high-net-worth clients and accredited investors. The firm and its principals are nationally recognized as leaders in the wealth management community.
With a forward-thinking strategy and a client-centered culture, White Oaks Wealth Advisors is one of the top financial advisors in Minnesota that also serves clients throughout the U.S. The firm is awarded a 5-star rating.
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Conclusion – 2020-2021 Top 12 Financial Advisors & Wealth Advisors in Minneapolis
Whether you’re a business owner, individual looking for simple financial advice, or a high-net-worth investor in need of complex guidance, each of these top Minneapolis wealth management firms has something to offer.
Each person’s investment and financial needs are unique to their financial situation, life stage, and goals for the future. This means that it’s important to review Minneapolis financial advisors to see which have specialties that best match your financial situation.
Wherever you may be in your life journey and financial planning, having an expert on your side that can guide you is important. Once you find that perfect financial advisor in Minneapolis that understands your needs, you’ll often find you feel much more secure about your financial future.
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Image sources:
- https://www.advancedwealth.com/p/unique-value
- https://www.aurochsfinancial.com/services/
- https://www.birchwoodfp.com/about
- https://pixabay.com/photos/city-skyline-minneapolis-downtown-3858447/
- https://www.ffpwealthmanagement.com/Tax-Planning-and-Preparation.10.htm
- http://www.flourishwealthmanagement.com/about/our-team
- https://www.laurelwealthplanning.com/how-we-help-1
- https://pixabay.com/photos/minneapolis-city-urban-traffic-926411/
- https://pixabay.com/photos/consulting-edp-businessman-3031678/
- https://www.silveroakwealth.com/community-involvement
- https://www.vectorwealth.com/
- https://www.whiteoakswealth.com/about/
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