MINNEAPOLIS ST. PAUL BUSINESS JOURNAL JANUARY 22, 2021 LARGEST WEALTH MANAGEMENT FIRMS RANKED BY TOTAL ASSETS MANAGED Name / Rank in 2020 (* not ranked) Address Total assets Website Phone managed1 Employees2 Professionals3 Parent company, city Top local executive(s), email(s) 707 2nd Ave. S 1 Ameriprise Financial Inc. 1 Minneapolis, MN 55474 $999 5,551 NA Ameriprise Financial Inc., Minneapolis James Cracchiolo ameriprise.com 612-671-3131 billion RBC Wealth Management 60 S. 6th St. $416 2 * Minneapolis, MN 55402 billion NA NA Royal Bank of Canada, Toronto Michael Armstrong rbcwealthmanagement.com 612-371-2711 3600 Minnesota Dr. #325 $354 3 Parametric Portfolio Associates 3 Edina, MN 55435 110 70 Eaton Vance Corp., Boston Tom Lee parametricportfolio.com 952-767-7700 billion 800 Nicollet Mall 4 U.S. Bank Wealth Management 2 Minneapolis, MN 55402 $227.4 NA NA U.S. Bancorp, Minneapolis Mark Jordahl usbank.com/wealth-management 855-240-7726 billion RBC Global Asset Management (U.S.) Inc. 50 S. 6th St. #2350 $56.08 5 5 Minneapolis, MN 55402 billion 104 NA RBC USA Holdco Corp., Toronto Michael Lee rbcgam.us 612-376-7000 90 S. 7th St. #5100 6 Abbot Downing 4 Minneapolis, MN 55402 $47 NA NA Wells Fargo & Co., San Francisco Mike Casey abbotdowning.com 888-648-8157 billion 400 Robert St. N 7 Securian Financial Group Inc. 7 St. Paul, MN 55101 $32.76 172 NA Securian Financial Group Inc., St. Paul Christopher Hilger securian.com 651-665-3500 billion 80 S. 8th St. 29th Fl. 8 UBS Financial Services Inc. 6 Minneapolis, MN 55402 $31.49 225 129 UBS, Zurich, Switzerland Stephen Glynn, financialservicesinc.ubs.com 612-371-4005 billion [email protected] 80 S. 8th St. #4400 $26 9 Winslow Capital Management 10 Minneapolis, MN 55402 41 NA Nuveen, Chicago Justin Kelly winslowcapital.com 612-376-9100 billion 315 Lake St. E $24.7 10 Merrill Lynch Wealth Management * Wayzata, MN 55391 248 NA Bank of America, Charlotte, N.C. Michael Lawrence; Amy Smart ml.com 952-404-5900 billion 333 S. 7th St. #2900 $23.15 David Koch, 11 Captrust 9 Minneapolis, MN 55402 18 11 Captrust, Raleigh, N.C. [email protected]; Daniel captrust.com 612-347-7979 billion Esch, [email protected] 505 N. Hwy. 169 #900 12 Wealth Enhancement Group 12 Plymouth, MN 55441 $22 206 89 Independent, Plymouth Jeff Dekko, wealthenhancement.com 763-417-1700 billion [email protected] 600 Portland Ave. 13 Thrivent Investment Management Inc. 11 Minneapolis, MN 55415 $19.2 NA NA Thrivent, Minneapolis Teresa Rasmussen thrivent.com 800-847-4836 billion 80 S. 8th St. #3300 14 Sit Investment Associates Inc. 13 Minneapolis, MN 55402 $14.65 69 34 Independent, Minneapolis Roger Sit sitinvest.com 612-332-3223 billion 80 S. 8th St. #1200 $12.46 15 Riverbridge Partners 16 Minneapolis, MN 55402 39 18 Independent, Minneapolis Mark Thompson; Rick Moulton; riverbridge.com 612-904-6200 billion Andrew Turner 1191 Northland Dr. #150 Mark Heurung, 16 Northwestern Mutual 15 Mendota Heights, MN 55120 $9.65 644 239 The Northwestern Mutual Life Insurance [email protected]; BJ Hellyer, twincities.nm.com 651-456-9446 billion Co., Milwaukee [email protected] 332 Minnesota St. 17 Mairs & Power Inc. 14 St. Paul, MN 55101 $9.54 43 16 Independent, St. Paul Mark Henneman; Rob Mairs mairsandpower.com 651-222-8478 billion 2701 University Ave. SE 18 North Star Resource Group 18 Minneapolis, MN 55414 $9.49 167 158 Independent, Minneapolis Dave Vasos, northstarfinancial.com 612-617-6000 billion [email protected] 220 S. 6th St. #300 19 CliftonLarsonAllen Wealth Advisors 17 Minneapolis, MN 55402 $8.17 47 32 CliftonLarsonAllen, Minneapolis Casey Anderson, claconnect.com 612-376-4777 billion [email protected] 1300 Godward St. NE #5500 20 Focus Financial 20 Minneapolis, MN 55413 $6.38 153 104 Independent, Minneapolis John Bina, [email protected] focusfinancial.com 651-631-8166 billion 150 S. 5th St. #2550 21 Disciplined Growth Investors Inc. 19 Minneapolis, MN 55402 $5.23 20 10 Independent, Minneapolis Rick Martin dginv.com 612-317-4100 billion 380 St. Peter St. #500 $5.16 22 Bremer Wealth 21 St. Paul, MN 55102 18 8 Bremer Financial Corp., St. Paul Travis Hoaglund bremer.com 651-964-7100 billion 701 Carlson Pkwy. #1400 23 Meristem Family Wealth 23 Minnetonka, MN 55305 $4.38 41 18 Independent, Minnetonka Charles Maxwell, meristemfw.com 952-835-2577 billion [email protected] 225 S. 6th St. 24 J.P. Morgan Private Bank 22 Minneapolis, MN 55402 $3.8 17 17 JPMorgan Chase & Co., New York Pilar Oppedisano, jpmorgan.com/minnesota 612-215-2121 billion [email protected] 730 2nd Ave. S #1400 25 Sawmill Private Management Inc. * Minneapolis, MN 55402 $2.5 33 14 Independent , Minneapolis John Hinck, sawmilltrust.com 612-752-1770 billion [email protected] 1 As of January 2021 3 Includes full- and part-time metro-area accredited professionals as of Dec. 1, 2020 2 Includes full- and part-time employees in the metro area as of Dec. 1, 2020 This article appeared in the Minneapolis St. Paul Business Journal on January 22, 2021. It has been reprinted by the Minneapolis St. Paul Business Journal and further reproduction by any other party is strictly prohibited. Copyright ©2021 Minneapolis St. Paul Business Journal, 333 South Seventh Street, Suite 350, Minneapolis MN 55402.