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Investment advisers in Minnesota serving state and municipal governments: 24 firms

Name: Investment advisers in Minnesota serving state and municipal governments: Form ADV data
Creator: SpecStream
License: https://creativecommons.org/licenses/by/4.0/

Updated November 7, 2026. Source: the SEC's Form ADV data files for investment advisers.

24 SEC registered investment advisers with a main office in Minnesota report state and municipal governments among their clients in Form ADV item 5.D, and together they attribute $155 billion of their assets under management to them, in the SEC's file of November 2, 2026. The adviser with the most is U.S. Bancorp Asset Management, Inc.

The request: Every investment adviser in Minnesota that serves state and municipal governments, with AUM, phone and website. $10 of work on sign-up, no card.

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24Advisers
$155 billionAUM from this client type
23Advisers over $100 million
November 2, 2026File date

Advisers in Minnesota serving state and municipal governments

Ranked by the AUM the adviser attributes to this client type. Each row links to the firm page where it has one, and to its SEC record.

Adviser	City	Clients of this type	AUM from this type	Total AUM	Source
U.S. Bancorp Asset Management, Inc.	Minneapolis	664	$102.20 billion	$427.48 billion	adviserinfo.sec.gov
Galliard Capital Management	Minneapolis	47	$26.54 billion	$80.27 billion	adviserinfo.sec.gov
RBC Global Asset Management (U.S.) Inc.	Minneapolis	31	$12.92 billion	$104.49 billion	adviserinfo.sec.gov
Ehlers	Minneapolis	300	$3.57 billion	$3.59 billion	adviserinfo.sec.gov
Sit Fixed Income Advisors II, LLC	Minneapolis	6	$1.87 billion	$14.97 billion	adviserinfo.sec.gov
Peregrine Capital Management, LLC	Minneapolis	8	$1.39 billion	$4.07 billion	adviserinfo.sec.gov
Ameriprise Financial Services, LLC	Minneapolis	540	$1.37 billion	$660.47 billion	adviserinfo.sec.gov
Piper Sandler & Co.	Minneapolis	2	$1.28 billion	$1.28 billion	adviserinfo.sec.gov
Advanced Capital Group	Minneapolis	31	$1.20 billion	$29.99 billion	adviserinfo.sec.gov
Winslow Capital Management LLC	Minneapolis	12	$921 million	$28.66 billion	adviserinfo.sec.gov
Summit Creek Advisors	Minneapolis	7	$424.9 million	$650.9 million	adviserinfo.sec.gov
Next Century Growth Investors LLC	Plymouth	5	$421.3 million	$1.52 billion	adviserinfo.sec.gov
Riverbridge	Minneapolis	4	$404.4 million	$5.03 billion	adviserinfo.sec.gov
Disciplined Growth Investors Inc	Minneapolis	Fewer than 5	$256.6 million	$5.48 billion	adviserinfo.sec.gov
Sit Investment Associates, Inc	Minneapolis	Fewer than 5	$54.4 million	$3.54 billion	adviserinfo.sec.gov
BPS Capital Management, Inc.	Bloomington	1	$12.4 million	$3.10 billion	adviserinfo.sec.gov
Mairs & Power	St. Paul	Fewer than 5	$11.6 million	$12.14 billion	adviserinfo.sec.gov
Speece Thorson Capital Group Inc	Minnetonka	1	$4 million	$469 million	adviserinfo.sec.gov
Berger Financial Group	Plymouth	3	$3.8 million	$2.95 billion	adviserinfo.sec.gov
Cherry Tree Wealth Management, LLC	Minnetonka	1	$2.1 million	$673.5 million	adviserinfo.sec.gov
Northland Capital Management	Virginia	2	$1.5 million	$235 million	adviserinfo.sec.gov
DSG Capital Advisors, LLC	Edina	Fewer than 5	$837,092	$780.3 million	adviserinfo.sec.gov
Efs Advisors	Cambridge	1	$126,866	$2.40 billion	adviserinfo.sec.gov
Standard Valuations, Inc.	White Bear Lake	1	Not listed	Not listed	adviserinfo.sec.gov

Also on SpecStream

Public data published by the US Securities and Exchange Commission (US government work). Advisers report these values themselves in Form ADV, and neither the SEC nor the states approve or guarantee them. AUM is regulatory assets under management as the adviser reported it in Form ADV item 5.F, which can differ from the AUM a firm quotes elsewhere. Exempt reporting advisers do not report AUM. Office address, phone and website are the adviser's main office as filed; a firm that files its main office as a private residence shows no street address or phone. An Item 11 disclosure is a reported event, not a finding about the firm today. Details for each firm are on the SEC's Investment Adviser Public Disclosure site. This page uses SEC data and is not endorsed or certified by the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.