Why should I hire a financial advisor to manage my money?

The core objective of a financial advisor is to get your finances on the right track & help you strategize your spendings, investments & savings to mitigate the future financial risks. A financial advisor creates a plan for you based on your short term & long term financial goals keeping the market situations into consideration and provides you a roadmap to attain those goals.

How can I pick a good financial advisor?

A good financial advisor is the one who has a sound knowledge of managing finances, the experience of working with market ups & downs & most importantly - understands your financial goals & needs well. To find a 'good' financial advisor, you need to get your financial goals defined & choose the best fiduciary financial advisor that puts your best interest on priority. Choose the best financial advisor for you with our financial advisor's directory.

What's the difference between a financial planner and a financial advisor?

A financial Advisor provides a vast spectrum of advisory investment management, debt repayment, tax planning, estate planning, retirement planning, insurance depending on your need, whereas a financial planner helps you create a financial plan to help you meet your goals. While the work of a financial planner & a financial overlap at a certain point, there is a fine line of difference based on cost, goals & way of working between the two.

How much money should you have before getting a financial advisor?

The cost of a financial advisor depends upon factors like experience, certifications & the type of financial advisor. Cost varies as per the type of financial advisor you choose as no one-size-fits-all compensation option for advisors. The most common ways a financial advisor is compensated are fee-only, hourly rates, commission-based, fixed flat rates & percentage of the account. You need to talk to your advisor about the cost involved before hiring the one.

What type of financial advisor do I need?

Given a wide variety of financial advisors, if you are unable to analyze the type of financial advisor you need, you should consult an advisor who can look at the complete picture. In general terms, the CFP or ChFC certified financial advisor is a preferred choice as in order to achieve the certification one needs a good amount of hands-on experience.

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Find The Best Financial Advisors in Minneapolis, Minnesota

Minneapolis, Minnesota, known for its many cultural landmarks, parks, and lakes, is home to more than 425,000 residents. With a cost of living 5% higher than the national average, Minneapolis individuals may want to talk to a financial advisor to find the right investment opportunities in this city. This may help create a solid financial strategy and ensure they are making the right financial decisions and investments. This may seem easier said than done, with over 2,500 financial advisors located in the Minneapolis area. FinancialAdvisor.net helps you connect with top advisors in your city, qualified to guide you on a solid path toward your financial goals.

How To Find The Best Financial Advisors in Minneapolis, Minnesota
Last Updated - 13-Jun-2023

If you’re looking for qualified financial advisors in Minneapolis, Minnesota, FinancialAdvisor.net is a useful resource. We've compiled a list of the 8 vetted financial advisors and 80 non-vetted financial advisors in Minneapolis, Minnesota, along with their fee structure, investment strategies, financial services they provide, and more. These financial advisors in Minneapolis, Minnesota have an average of 23 years of experience.

If you need more personalized assistance, you may also use our free financial advisor match service to find, compare and connect with 2 to 3 financial advisors matched to your specific needs, who serve in your area.

List of Qualified Financial Advisors in Minneapolis, Minnesota

Vector Wealth Management

612-378-7560

Address

43 Main Street SE,
Suite 236,
Minneapolis, MN 55414 See Details

John Severy Hoven

Oracle Financial Planners LLC

651-442-0465

Address

1595 Selby Avenue,
Suite 213,
Saint Paul, MN 55104 See Details

Affiance Financial

952-544-9818

Address

600 Highway 169 S., Suite 1750,
St. Louis Park, MN 55426 See Details

Edelman Financial Engines, LLC

877-208-7414

Address

Fiat Wealth Management

651-299-1970

Address

1905 Wayzata BLVD,
Wayzata, MN 55391 See Details

Chad Lea

Strategic Wealth Group

952-818-2430

Address

7820 Terrey Pine Court Suite 200,
Eden Prairie, MN 55347 See Details

Bernicke Wealth Management

715-832-1173

Address

1625 Radio Drive, Suite 110,
Woodbury, MN 55125 See Details

Top Financial Advisor Firms in Minneapolis, Minnesota (Ranked by AUM)

Firm Name	Firm CRD#	Total AUM	No. of Clients	Fee Structure
AMERIPRISE FINANCIAL SERVICES, LLC 707 2nd Avenue South, Minneapolis, MN, 55402	6363	$479,793,782,427	2284921	A percentage of AUM, Hourly charges, Fixed fees
U.S. BANCORP ASSET MANAGEMENT, INC. 800 Nicollet Mall, Mail Stop Bc-Mn-17ul Minneapolis, MN, 55402	111912	$176,091,949,959	88	A percentage of AUM, Other (ADMINISTRATION FEES)
THRIVENT FINANCIAL FOR LUTHERANS 901 Marquette Avenue, Suite 2500 Minneapolis, MN, 55402-3211	115785	$121,600,874,152	69	A percentage of AUM, Performance Based
GALLIARD CAPITAL MANAGEMENT 800 Lasalle Ave., Ste 1400, Minneapolis, MN, 55402-2054	106487	$85,511,782,543	279	A percentage of AUM, Fixed fees
RBC GLOBAL ASSET MANAGEMENT (U.S.) INC. 250 Nicollet Mall, Suite 1550 Minneapolis, MN, 55401-7585	107173	$76,497,109,888	227	A percentage of AUM, Fixed fees, Performance Based
THRIVENT ASSET MANAGEMENT, LLC 901 Marquette Avenue, Suite 2500 Minneapolis, MN, 55402-3211	137751	$30,310,955,626	33	A percentage of AUM
CASTLELAKE, L.P. 250 Nicollet Mall, Suite 900 Minneapolis, MN, 55401-7546	145165	$26,316,985,845	37	A percentage of AUM, Performance Based, Other (SERVICING FEES)
ADVANCED CAPITAL GROUP 50 South Sixth Street, Suite 975 Minneapolis, MN, 55402	109673	$25,902,315,714	341	A percentage of AUM, Fixed fees
WINSLOW CAPITAL MANAGEMENT LLC 4400 Ids Center, 80 South Eighth Street Minneapolis, MN, 55402	106940	$23,423,257,436	1218	A percentage of AUM, Performance Based
AB CARVAL INVESTORS, LP 1601 Utica Avenue South, Suite 1000 Minneapolis, MN, 55416	141819	$20,428,486,178	70	A percentage of AUM, Performance Based
VARDE MANAGEMENT, L.P. 350 N 5th Street, Suite 800 Minneapolis, MN, 55401	148949	$18,092,415,340	109	A percentage of AUM, Performance Based
ALLIANZ INVESTMENT MANAGEMENT LLC 5701 Golden Hills Drive, Minneapolis, MN, 55416-1297	111925	$17,324,024,297	54	A percentage of AUM
THRIVENT INVESTMENT MANAGEMENT INC. 600 Portland Avenue South, Minneapolis, MN, 55415	18387	$14,813,761,600	42439	A percentage of AUM, Fixed fees
SIT FIXED INCOME ADVISORS II, LLC 3300 Ids Center, 80 South 8th Street Minneapolis, MN, 55402	108271	$12,323,070,202	168	A percentage of AUM, Performance Based
WHITEBOX ADVISORS LLC 3033 Excelsior Boulevard, Suite 500 Minneapolis, MN, 55416	121995	$9,565,705,000	20	A percentage of AUM, Performance Based

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Find The Best Financial Advisors in Minneapolis, Minnesota

How To Find The Best Financial Advisors in Minneapolis, MinnesotaLast Updated - 13-Jun-2023

List of Qualified Financial Advisors in Minneapolis, Minnesota

Vector Wealth Management

Address

John Severy Hoven

Oracle Financial Planners LLC

Address

Affiance Financial

Address

Edelman Financial Engines, LLC

Address

Fiat Wealth Management

Address

Chad Lea

Strategic Wealth Group

Address

Bernicke Wealth Management

Address

Top Financial Advisor Firms in Minneapolis, Minnesota (Ranked by AUM)

Select other cities around Minneapolis, Minnesota to broaden your search for a financial advisor

Frequently Asked Questions

Find an AdvisorIt's Fast, Free & Easy

How To Find The Best Financial Advisors in Minneapolis, Minnesota
Last Updated - 13-Jun-2023

Find an Advisor
It's Fast, Free & Easy