Data / Investment advisers / Minnesota / Great Waters Financial
Great Waters Financial, Shoreview, MN: $1.2 billion AUM, SEC registered investment adviser
Updated November 7, 2026. Source: the SEC's Form ADV data files for investment advisers.
Great Waters Financial is an SEC registered investment adviser with its main office in Shoreview, Minnesota and reports $1.2 billion in regulatory assets under management in its Form ADV filed April 7, 2026. Its clients include high net worth individuals, individuals and charitable organizations. It is paid through a percentage of assets under management, hourly charges and fixed fees.
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- Registration
- SEC registered investment adviser
- CRD number
- 308215
- SEC file number
- 801-123543
- SEC status
- Approved, effective March 28, 2022
- Legal name
- Great Waters Wealth Management
- Main office
- 4100 Lexington Ave N Suite 100, Shoreview, MN 55126
- Phone
- (612) 360-2127
- Regulatory AUM
- $1,235,101,181 in the Form ADV filed April 7, 2026
- Discretionary AUM
- $1,235,101,181
- Accounts
- 6,141
- Employees
- 42, of which 23 give investment advice
- Form of organization
- Limited Liability Company
- Paid through
- a percentage of assets under management, hourly charges, fixed fees
- Other offices
- 3
- Form ADV Item 11 disclosures
- None reported
- Latest Form ADV filing
- April 7, 2026
- SEC record
- Investment Adviser Public Disclosure
Clients
Client types the adviser reports in Form ADV item 5.D, with the AUM it attributes to each.
| Client type | Clients | AUM |
|---|---|---|
| High net worth individuals | 383 | $774 million |
| Individuals (other than high net worth individuals) | 1,244 | $460.4 million |
| Charitable organizations | Fewer than 5 | $626,249 |
| Corporations or other businesses | Fewer than 5 | $153,687 |
AUM in the SEC's monthly files
Each change in the AUM the adviser reported across the monthly SEC files held here, with the first file that shows the new value.
| First in the file of | AUM | Form ADV filed |
|---|---|---|
| March 2, 2026 | $1.24 billion | February 16, 2026 |
| December 1, 2025 | $1.18 billion | November 3, 2025 |
Other advisers in Minnesota
| Adviser | City | AUM | Private funds | Source |
|---|---|---|---|---|
| Affiance Financial LLC | St. Louis Park | $1.37 billion | Not listed | adviserinfo.sec.gov |
| Rice Park Capital | Plymouth | $1.37 billion | 7 | adviserinfo.sec.gov |
| Truehelm, LLC | Bloomington | $1.28 billion | 19 | adviserinfo.sec.gov |
| Piper Sandler & Co. | Minneapolis | $1.28 billion | Not listed | adviserinfo.sec.gov |
| Palisade Asset Management, LLC | Minneapolis | $1.27 billion | Not listed | adviserinfo.sec.gov |
| Black Lake Investments LLC | Wayzata | $1.19 billion | Not listed | adviserinfo.sec.gov |
| Leuthold Weeden Capital Management | Minneapolis | $1.17 billion | 1 | adviserinfo.sec.gov |
| Financial Perspectives | Minneapolis | $1.17 billion | Not listed | adviserinfo.sec.gov |
Also on SpecStream
- Investment advisers in Minnesota
- Advisers with $1 billion to $10 billion in AUM
- Advisers serving high net worth individuals
- Advisers serving individuals
- Great Waters Financial on the SEC's adviser search
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.