State BrokerCheck inventory · July 2026

Minnesota broker-dealer grades

According to FINRA BrokerCheck as of July 2026, Minnesota ranks #15 of 56 by registered-firm inventory (42) and #8 of 56 by aggregate disclosure load (551), then #3 of 33 on disclosures-per-firm and #29 of 33 on Grade-A share among states with at least 10 firms. Inventory rank is not intensity rank: Missouri leads disclosures-per-firm on that 33-state board.

#15
of 56 by firm inventory
42
registered firms
551
disclosures on file
13.1
avg disclosures / firm

Minnesota at a glance

According to FINRA BrokerCheck as of July 2026, Minnesota ranks #15 of 56 by registered-firm inventory (42) and #8 of 56 by aggregate disclosure load (551), then #3 of 33 on disclosures-per-firm and #29 of 33 on Grade-A share among states with at least 10 firms. Inventory rank is not intensity rank: Missouri leads disclosures-per-firm on that 33-state board.

#15 of 56
registered-firm inventory
#8 of 56
aggregate disclosure load
#3 of 33
disclosures per firm (≥10 firms)
#29 of 33
Grade-A share (≥10 firms)

Disclosure-load ordinal matches the /states listing. Missouri leads disclosures-per-firm; Maine leads Grade-A share among states with at least 10 firms. Neither rank is investment advice. See methodology · corpus placement.

Where Minnesota sits by disclosures per firm

COUNT-derived placement among 33 states and territories with at least 10 graded firms. Lower intensity is cleaner for residents; large multistate HQs can lift a state's average without describing every local office.

Minnesota vs every ≥10-firm state by disclosures per firm

Size-normalized disclosure intensity · FINRA BrokerCheck extract

13 Among the lightest loads a lower disclosures-per-firm load than 91% of 33 floor-qualified states

0–2: 10 floor-qualified states (30%). Below this entry. 2–4: 9 floor-qualified states (27%). Below this entry. 4–6: 8 floor-qualified states (24%). Below this entry. 6–8: 1 floor-qualified states (3%). Below this entry. 8–10: 1 floor-qualified states (3%). Below this entry. 10–12: 0 floor-qualified states (0%). Below this entry. 12–14: 2 floor-qualified states (6%). This entry sits in this band. 14–16: 0 floor-qualified states (0%). Above this entry. 16–18: 0 floor-qualified states (0%). Above this entry. 18–20: 1 floor-qualified states (3%). Above this entry. 20–22: 0 floor-qualified states (0%). Above this entry. 22–24: 0 floor-qualified states (0%). Above this entry. 24–26: 0 floor-qualified states (0%). Above this entry. 26–28: 0 floor-qualified states (0%). Above this entry. 28–30: 0 floor-qualified states (0%). Above this entry. 30–32: 0 floor-qualified states (0%). Above this entry. 32–34: 0 floor-qualified states (0%). Above this entry. 34–36: 1 floor-qualified states (3%). Above this entry. Minnesota 0 36 every state with ≥10 graded firms, bucketed by value

Each bar is a band; taller bars hold more floor-qualified states. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source FINRA BrokerCheck · SEC IAPD · July 2026

Firm-size mix among 42 graded firms

FINRA BrokerCheck size classes in Minnesota. Segments sum to the graded inventory, a catalog shape, not the A-F grade ChartBar below.

42
Registered Firms
18
Clean Record (Grade A)
551
Total Disclosures
13.1
Avg Disclosures / Firm

Grade Distribution

How Minnesota's 42 graded broker-dealers split across the size-normalized A-F safety scale.

A, clean (18)18 firmsB, low (16)16 firmsC, typical (6)6 firmsD, elevated (1)1 firmF, heaviest (1)1 firm
Grade breakdown of 42 graded firms headquartered in Minnesota

Firms by Disclosure Count

# Firm DisclosuresOfficesGrade
1 Piper Sandler & Co. Minneapolis 192 80 D
2 Ameriprise Financial Services, LLC Minneapolis 184 15,626 B
3 Colliers Securities LLC Minneapolis 35 17 B
4 U.S. Bancorp Investments, Inc. Saint Paul 29 54 C
5 Walleye Trading LLC Wayzata 14 7 B
6 Feltl & Company Plymouth 13 3 C
7 Securian Financial Services, Inc. St. Paul 13 2 F
8 American Enterprise Investment Services Inc. Minneapolis 10 11 C
9 THE OAK Ridge Financial Services Group, Inc. Golden Valley 10 11 B
10 Thrivent Investment Management Inc. Minneapolis 8 3,069 B
11 VAN Clemens & Co. Incorporated Minneapolis 8 10 B
12 Northland Securities, Inc. Minneapolis 7 17 C
13 U.S. Bancorp Advisors, LLC St. Paul 5 1,934 B
14 AEI Securities, Inc. St. Paul 4 2 B
15 Craig-Hallum Capital Group LLC Minneapolis 4 6 B
16 Dorn & Co., Inc. Fergus Falls 3 4 B
17 Riversource Distributors, Inc. Minneapolis 3 11 C
18 Aegis Investments, Inc. St Louis Park 2 2 B
19 Polar Investment Counsel, Inc. Thief River Falls 2 2 B
20 Aethlon Capital, L.L.C Minneapolis 1 2 B
21 Allianz Life Financial Services, LLC Minneapolis 1 2 C
22 Cedar Point Capital, LLC Edina 1 2 B
23 Gradient Securities, LLC Arden Hills 1 76 B
24 SIA Securities Corporation Minneapolis 1 2 B
25 Advanced Advisor Group, LLC Cambridge 0 30 A
26 CCS Transactions, LLC Minneapolis 0 5 A
27 Cherry Tree & Associates, LLC Minnetonka 0 2 A
28 Finance of America Securities LLC Saint Paul 0 2 A
29 Hennepin Partners LLC Minneapolis 0 2 A
30 Kingfisher Securities, LLC Minneapolis 0 3 A
31 Lagoon Advisory Partners, LLC Eden Prairie 0 3 A
32 Lake Street Capital Markets, LLC Minneapolis 0 3 A
33 Locorr Distributors, LLC Excelsior 0 2 A
34 Martinson & Company, Ltd. Wayzata 0 2 A
35 Northborne Securities Partners LLC Minneapolis 0 3 A
36 Ocean Park Securities, LLC Edina 0 2 A
37 Silicon Prairie Capital Partners, LLC St. Paul 0 2 A
38 T. E. Laird Securities, LLC St. Paul 0 1 A
39 THE M & a Group LLC Stillwater 0 3 A
40 Thrivent Distributors, LLC Minneapolis 0 2 A
41 Tripletree, LLC Bloomington 0 4 A
42 Wealth Enhancement Brokerage Services, LLC Plymouth 0 147 A

Elevated disclosures per firm

Minnesota in the denser-inventory third

Minnesota ranks #3 of 33 on disclosures-per-firm (13.1) among ≥10-firm states.

Minnesota sits in the denser third by registered-firm inventory (#15 of 56, 42 firms) as of July 2026. Grade-A share is 42.9% (18 of 42 graded) - cloudier third among floor-qualified states; D/F share is 4.8%. Heaviest raw book in-state: Piper Sandler & Co. (192 disclosures across 80 offices).

Grades are editorial signals from a size-normalized model, not FINRA ratings. Disclosure totals are reported events, not proven violations - large multistate HQs in Minnesota can lift statewide totals without describing every local office. This page is informational only and does not constitute financial, legal, or investment advice. Confirm current records at FINRA BrokerCheck.

Frequently asked questions

Where does Minnesota sit among states by BrokerCheck disclosure load?
Minnesota is in the heavier third by aggregate disclosure load (#8 of 56, 551 events) while inventory ranks #15 of 56. Aggregate load is not a judgment of regulators or any firm.
How many broker-dealer firms are registered in Minnesota?
Minnesota registers 42 BrokerCheck firms (#15 denser-third inventory). 18 (42.9%) hold a clean Grade-A record.
Which Minnesota broker-dealer has the most FINRA disclosures?
Piper Sandler & Co. leads Minnesota's listing with 192 BrokerCheck disclosures across 80 offices (Grade D). Totals are reported events, not proven violations - verify on FINRA BrokerCheck.
How should I read Minnesota's safety grades?
On Minnesota's heavier-load board, grades stay size-normalized (weighted disclosures ÷ branch footprint within size class). Zero-disclosure firms earn A. Editorial signals only - not FINRA ratings; see methodology.
Is this official Minnesota broker data?
Yes. Minnesota's firm rows come from FINRA BrokerCheck and SEC IAPD public registries. PlainAdvisorCheck aggregates and size-normalizes them; underlying records are public domain. This is not financial advice.
All Minnesota Firms → All States →

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from official FINRA BrokerCheck and SEC EDGAR enforcement records for Minnesota. Minnesota ranks #15 by firm inventory and #8 by disclosure load in the PlainAdvisorCheck extract as of July 2026.

Every figure on PlainAdvisorCheck is rendered directly from FINRA BrokerCheck and SEC IAPD disciplinary records, no number is typed in by an editor. This page draws directly on FINRA BrokerCheck and SEC IAPD data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of July 2026.