Asset Management Firms - Top 25
Ranked by assets under management | List information taken from the 2013 Business Information Guide
Source: Company representatives and websites. If you were not contacted for this list but would like to be in the future, please contact research@tcbmag.com.
Abbreviations: NP--Not provided, NA--Not applicable, Min.--Minimum, M&A--Mergers and acquisitions
1 | | Wells Fargo Private Bank
90 S 7th St.
Minneapolis, MN 55479
612-667-4414 • wellsfargo.com
| $403,000,000,000
| 656
15,134
| 437
Dean Junkans
| Private
| Varies
NA/
| Private banking, trust and estate services, investment management, insurance and brokerage services
| No
NA
|
2 | | RBC Wealth Management
60 S 6th S.
Minneapolis, MN 55402
612-371-2711 • rbcwealthmanagement.com
| $226,000,000,000
| 1,380
13,000
| 222
John Taft
| Private and institutional
| None
None/
| Full range of securities services
| No
NA
|
3 | | U.S. Bank Wealth Management
800 Nicollet Mall
Minneapolis, MN 55402
651-466-3000 • privateclientreserve.usbank.com
| $103,000,000,000
| 643
2,100
| 171
Mark Jordahl
| Private and institutional
| Varies
Varies/
| Investment management, private banking, personal trust and estate administration, financial planning, brokerage, insurance, multigenerational wealth planning, family dynamics and governance for a broad range of clients
| No
NA
|
4 | | Galliard Capital Management, Inc.
800 LaSalle Ave., Ste. 1100
Minneapolis, MN 55402
612-667-3220 • galliard.com
| $77,569,718,274
| 93
93
| 32
John Caswell
| Institutional
| NA
$10,000,000/
| Fixed-income investment management, stable-value investment management
| Yes
$181,321,453
|
5 | | RBC Global Asset Management (U.S.) Inc.
100 S 5th St., Ste. 2300
Minneapolis, MN 55402
612-376-7000 • rbcgam.us
| $38,754,857,666
| 83
116
| 40
Michael Lee
| Institutional
| NA
$10,000,000/
| Equity and fixed-income portfolio management; investment strategies in separate accounts, collective trusts, commingled funds, and a family of mutual funds
| Yes
$21,178,906,443.75
|
6 | | The Clifton Group (2013: A division of Parametric)
3600 Minnesota Dr., Ste. 325
Edina, MN 55435
612-870-8800 • thecliftongroup.com
| $30,897,518,017
| 44
46
| 20
Orison "Kip" Chaffee
| Institutional
| NA
NP/
| Traditional overlay management; broader risk management solutions, including customized risk parity, defensive equity, and commodities.
| No
NA
|
7 | | Winslow Capital Management, LLC
80 S 8th St., Ste. 4720
Minneapolis, MN 55402
612-376-9100 • winslowcapital.com
| $29,377,132,000
| 28
28
| 11
Clark Winslow
| Institutional
| NA
$25,000,000/
| Institutional portfolio management for large-cap growth domestic equity (open only in subadvised vehicles)
| No
NA
|
8 | | Thrivent Asset Management
625 4th Ave. S
Minneapolis, MN 55415
800-847-4836 • thrivent.com
| $26,100,000,000
| 1,166
3,009
| 71
Brad Hewitt
| Private and institutional
| $1,000
$250,000/
| Equities and fixed income, including investments through mutual funds, fixed and variable annuities, and life insurance
| Yes
$13,764,593,491.47
|
9 | | Advantus Capital Management, Inc.
400 Robert St. N
St. Paul, MN 55101
651-665-5097 • advantuscapital.com
| $23,626,759,670
| 96
96
| 42
Chris Sebald
Robert Senkler
| Institutional
| NA
$15,000,000/
| Advantus is an institutional asset manager specializing in public and private fixed income, real estate securities and other income-oriented equity strategies.
| Yes
$877,214,443
|
10 | 
| Abbot Downing
90 S 7th St., Ste. 5100
Minneapolis, MN 55402
888-648-8157 • abbotdowning.com
| $22,141,000,000
| 88
285
| 18
James Steiner
| Private and institutional
| $50,000,000
$50,000,000/
| Asset management, planning, family dynamics, trust, fiduciary and administrative services, private banking, endowment and foundation management
| Yes
NP
|
11 | | Securian Financial Services, Inc.
400 Robert St. N
St. Paul, MN 55101
651-665-3500 • securianfinancial.com
| $12,585,452,812
| 139
139
| 93
George Connolly
| Private
| NP
NA/
| Brokerage, investment advising, financial planning
| No
NA
|
12 | | Sit Investment Associates, Inc.
80 S 8th St., Ste. 3300
Minneapolis, MN 55402
612-332-3223 • sitfunds.com
| $10,823,345,000
| 75
75
| 34
Roger Sit
| Private and institutional
| $1,000,000
$10,000,000/
| Domestic Equities, International Equities, Taxable and Municipal Bonds, Mutual Funds
| Yes
$3,003,099,984
|
13 | | Mairs and Power, Inc.
332 Minnesota St., Ste. W1520
St. Paul, MN 55101
651-222-8478 • mairsandpower.com
| $4,301,564,218
| 29
29
| 8
William Frels
| Private and institutional
| 1,000,000
1,000,000/
| Equity, balanced, and fixed-income separately managed accounts; three mutual funds
| Yes
$2,165,297,948
|
14 | | McGladrey Wealth Management, LLC
801 Nicollet Ave., Ste. 1100
Minneapolis, MN 55402
612-573-8750 • mcgladrey.com
| $3,954,000,000
| 571
6,500
| 8
Michael Nelson
| Private and institutional
| $500,000
None/
| Investment advisory services; financial planning; estate planning; investment consulting; life, disability, and long-term care insurance
| No
NA
|
15 | | North Star Resource Group
2701 University Ave. SE
Minneapolis, MN 55414
612-617-6000 • northstarfinancial.com
| $3,773,718,985
| 93
164
| 93
Phil Richards
| Private and institutional
| $100,000
None/
| Fee-based investment management, investment brokerage
| No
NA
|
16 | | Leuthold Weeden Capital Management
33 S 6th St., Ste. 4600
Minneapolis, MN 55402
612-332-9141 • lwcm.com
| $3,223,000,000
| 30
33
| 10
John Mueller
| Private and institutional
| $10,000
$1,000,000/
| Mutual funds, separately managed accounts, limited partnerships
| Yes
$2,350,000,000
|
17 | | Riverbridge Partners, LLC
801 Nicollet Mall, Ste. 600
Minneapolis, MN 55402
612-904-6200 • riverbridge.com
| $3,100,000,000
| 25
25
| 12
Mark Thompson
| Private and institutional
| $1,000,000
$1,000,000/
| Growth stock investment management for institutional clients; investment and financial planning for private clients
| No
NA
|
18 | | Bremer Financial Services
445 Minnesota St., Ste. 2100
St. Paul, MN 55101
651-227-7621 • bremer.com
| $2,900,000,000
| 16
16
| 5
Mark Schmiel
| Private and institutional
| $150,000
$500,000/
| Equities, taxable and tax-exempt fixed income, cash management, mutual funds, asset allocation models, separate account management
| No
NA
|
19 | | Focus Financial
1300 Godward St. NE
Minneapolis, MN 55413
651-631-8166 • focusfinancial.com
| $2,840,859,000
| 55
80
| 82
John Bina
| Private and institutional
| Varies
Varies/
| Comprehensive financial planning, retirement planning, customized portfolio management, financial education
| No
NA
|
20 | | Next Century Growth Investors, LLC
5500 Wayzata Blvd., Ste. 1275
Minneapolis, MN 55416
763-591-4490 • No website
| $2,606,739,715
| 8
8
| 5
Thomas Press
| Institutional
| NA
$10,000,000/
| Investment advising
| No
NA
|
21 | | Wealth Enhancement Group, LLC
505 N Hwy. 169, Ste. 900
Plymouth, MN 55441
800-492-1222 • wealthenhancement.com
| $2,600,000,000
| 148
156
| 57
Jeff Dekko
| Private and institutional
| NP
NP/
| Financial advisory services for individuals and businesses: financial and retirement planning, income distribution, investments, tax strategy, insurance, group retirement plan consulting, and estate planning
| No
NA
|
22 | | CliftonLarsonAllen Wealth Advisors, LLC
220 S 6th St., Ste. 300
Minneapolis, MN 55402
612-376-4500 • cliftonlarsonallen.com
| $2,555,390,376
| 31
92
| 18
Tony Hallada
| Private and institutional
| None
None/
| Financial and estate planning, asset management, insurance advisory, internally coordinated tax services, business succession planning, qualified plan advisory, M&A
| No
NA
|
23 | | Minnesota Bank & Trust
7701 France Ave. S
Edina, MN 55435
952-841-9300 • mnbankandtrust.com
| $2,400,000,000
| 2
60
| 1
Kyle Fagerland
| Private and institutional
| $500,000
$500,000/
| Wealth management, professional trust services, investment management, retirement plan services
| No
NA
|
24 | | Disciplined Growth Investors, Inc.
150 S 5th St., Ste. 2550
Minneapolis, MN 55402
612-317-4100 • dginv.com
| $2,382,572,498
| 17
17
| 5
Fred Martin
| Private and institutional
| $15,000,000
$15,000,000/
| Investing mid-cap growth and small-cap growth portfolios and The Disciplined Growth Investors Fund (a balanced mutual fund)
| Yes
NP
|
25 | | Peregrine Capital Management, Inc.
800 LaSalle Ave., Ste. 1850
Minneapolis, MN 55402
612-343-7600 • peregrine.com
| $2,362,000,000
| 32
32
| 11
Stefanie Adams
| Institutional
| NA
10,000,000/
| Large-cap growth equity, small-cap growth equity, small-cap value equity
| No
NA
|
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