Top RIAs in North Dakota
Every SEC-registered RIA with a main office in North Dakota, by regulatory AUM, from Form ADV
9 RIAs registered with the SEC are headquartered in North Dakota, the 51st most of any state, managing $3.5B in regulatory assets as of Sep 1, 2026. The largest by regulatory AUM is Viking Fund Management LLC in Minot at $1.1B. 1 firms report $1 billion or more.
Data as of Sep 1, 2026, file ia09012026-registered.zip. Retrieved Sep 10, 2026.
01 · The firms
Every SEC-registered RIA in North Dakota, by regulatory AUM
The default sort is regulatory assets under management as each firm filed it, which puts asset managers and wealth managers on one list. The toggle for firms where individuals and high-net-worth individuals hold the majority of assets is what separates them, using the firm's own Form ADV Item 5.D figures.
All 9 firms, by regulatory AUM as filed.
| # | Firm | City | Regulatory AUM | Advisory staff | Accounts | Individual + HNW clients | Retail share | Filed |
|---|---|---|---|---|---|---|---|---|
| 1 | Viking Fund Management LLCCRD 107927 | Minot | $1.1B | 4 | 12 | 0 | 0% | Mar 2026 |
| 2 | Brady Martz Wealth Solutions, LLCCRD 331043 | Grand Forks | $795.3M | 8 | 1,046 | 439 | 99% | Jun 2026 |
| 3 | Prairiewood Wealth ManagementCRD 149007 | Fargo | $365.4M | 4 | 1,201 | 234 | 96% | Jun 2026 |
| 4 | Johnson Wealth Management, LLCCRD 123105 | Grand Forks | $323.4M | 2 | 596 | 169 | 92% | Jul 2026 |
| 5 | Wealth Forward, LLCCRD 159467 | Fargo | $228.1M | 2 | 1,052 | 355 | 96% | Jul 2026 |
| 6 | Financial Strategies GroupCRD 122030 | Fargo | $189.1M | 4 | 1,346 | 659 | 99% | May 2026 |
| 7 | Fjell CapitalCRD 327541 | Fargo | $187.0M | 3 | 654 | 202 | 96% | Aug 2026 |
| 8 | Light Financial Services, Inc.CRD 131678 | Fargo | $175.5M | 2 | 1,810 | 621 | 98% | Mar 2026 |
| 9 | Capital City Wealth Management, Inc.CRD 172199 | Bismarck | $130.0M | 3 | 298 | 135 | 100% | Feb 2026 |
02 · By city
Where in North Dakota the firms sit
Main-office city as filed. Up to the twenty-five cities with the most firms.
- Fargo5 · $1.1B
- Grand Forks2 · $1.1B
- Bismarck1 · $130.0M
- Minot1 · $1.1B
03 · Questions
Questions people ask about RIAs in North Dakota
- How many RIAs are in North Dakota?
- 9 RIAs registered with the SEC list a main office in North Dakota in the SEC's Form ADV data as of Sep 1, 2026. That count excludes state-registered RIAs, which generally manage under $100 million and file with the state rather than the SEC, and firms whose address is suppressed on Form ADV.
- What is the largest RIA in North Dakota?
- By regulatory assets under management as filed on Form ADV, the largest SEC-registered RIA headquartered in North Dakota is Viking Fund Management LLC in Minot, at $1.1B. Regulatory AUM counts all assets a firm manages, so the largest filer in a state is often an asset manager rather than a wealth manager.
- How many North Dakota RIAs manage more than $1 billion?
- 1 of the 9 SEC-registered RIAs headquartered in North Dakota report regulatory assets under management of $1 billion or more. The median firm in the state reports $228.1M.
- Where does this data come from?
- From the SEC's monthly Form ADV data file for SEC-registered investment advisers (ia09012026-registered.zip, data as of Sep 1, 2026). Each figure is as the firm itself reported it on Form ADV Item 5; the SEC does not verify it. Every row links to the firm's record on the SEC's Investment Adviser Public Disclosure site.
Definitions and source
What each column means, in the SEC's words
- Regulatory assets under management Form ADV Item 5.F(2)(c)
- If yes, what is the amount of your regulatory assets under management and total number of accounts? Total, discretionary plus non-discretionary.
- Total accounts Form ADV Item 5.F(2)(f)
- Total number of accounts, discretionary plus non-discretionary.
- Employees Form ADV Item 5.A
- Approximately how many employees do you have? Include full- and part-time employees but do not include any clerical workers.
- Advisory employees Form ADV Item 5.B(1)
- Approximately how many of the employees reported in 5.A. perform investment advisory functions (including research)?
- Broker-dealer registered representatives Form ADV Item 5.B(2)
- Approximately how many of the employees reported in 5.A. are registered representatives of a broker-dealer?
- Individual and high-net-worth clients Form ADV Item 5.D(a), 5.D(b)
- Number of clients and amount of regulatory assets under management for individuals (other than high net worth individuals) and for high net worth individuals.
- Commissions Form ADV Item 5.E(5)
- You are compensated for your investment advisory services by (check all that apply): (5) Commissions.
- Private funds Form ADV Item 7.B
- Are you an adviser to any private fund?
Source: U.S. Securities and Exchange Commission, Form ADV data, Information About Registered Investment Advisers and Exempt Reporting Advisers, file ia09012026-registered.zip (data as of Sep 1, 2026), retrieved Sep 10, 2026. Figures are as self-reported by each firm on Form ADV Item 5; the SEC does not verify them. Neither the SEC nor the state securities authorities have approved the information filed on Form ADV, and we can not guarantee its accuracy.
Winthrop & Co. is compensated by firms when an advisor joins through us. The advisor never pays. Firms on this page are listed by arithmetic on the SEC's file, not by any relationship with us, and none is ranked, labelled or recommended.