Advisornet Wealth Partners

RIASEC RegisteredEst. 2012

Total AUM

$3.1B

Discretionary

$3.1B

100% of AUM

Avg account

$339K

Accounts

9,293

Employees

131

Advisory reps

Firm details

Headquarters: Minnetonka, Minnesota
CRD number: 113074
Registered since: August 29, 2012
Website: advisornet.com
Custodians: CHARLES SCHWAB & CO., INC., FIDELITY DISTRIBUTORS COMPANY LLC
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees, Other
Client types: HNWI71.91%
Individuals27.55%
Charitable Organizations0.36%
Corporations / Businesses0.18%
Services: Financial PlanningPortfolio Management for IndividualsPension ConsultingSelection of Other AdvisersEducational Seminars / Workshops

Firm profile

FINTRX

Overview

Advisornet Wealth Partners is an independent registered investment adviser organized as a corporation and operating as a capital allocator for both individual/family and institutional clients. The firm provides a mix of fee arrangements (percentage of AUM, hourly, fixed and other fee structures) and combines advisory services—financial planning, portfolio management for individuals and small businesses, pension consulting, selection of other advisers and educational workshops—with broker-dealer and insurance-broker activities. Those insurance and broker-dealer links appear to support the firm’s use of annuities and other insurance products. The firm was established as an SEC-registered adviser in 2012 and maintains professional relationships with outside accountants, law firms, insurance companies and real estate brokers. Advisornet was named one of the Financial Times’ Top 300 RIA Firms in 2020.