An outsider might not think there is success to be found in North Dakota, but this state of natural beauty and great plains has much to offer in terms of opportunity. Thanks to its growing agricultural production of spring wheat, honey, and many other products, their agriculture and transportation industries are doing very well. Yet people finding success in the state might need help managing their finances, and this is where a financial advisor can come in. To help you, we found the five best firms operating in the state.
Here are our top five choices for financial advisory firms in North Dakota:
Wells Fargo Services, LLC
A firm that has offices in Fargo and Bismarck, Wells Fargo Services, LLC operates all over the country and has over $430 billion in assets under its management. They offer clients customized financial advice through an investment method known as the Envision process, which is more personal than standard financial advising.
Their advisors will create a portfolio in line with your goals, and later adjust that portfolio based on your input and changes that might happen in the market.
Wells Fargo Services, LLC is a fee-based firm that has a $50,000 account minimum requirement to work with them.
You can expect the following working with Wells Fargo Services:
- Support when you would like to make changes to your long-term plan.
- The use of different and varied strategies as needed.
- Online tools that help you monitor your finances and investments.
Ameriprise Financial Services, Inc
A private wealth advisory firm in Bismarck, Ameriprise Financial Services, Inc also goes by the name of Legacy Financial Partners. The mother firm has over $248.3 billion in assets under its management. They offer many financial and investment services such as family financial planning, estate planning strategies, small business services, and wealth preservation planning.
They are aware of tax considerations when it comes to retirement planning, and you are accorded an initial meeting where they review your financial situation as well as potential opportunities. With that information, they create plans to help you reach your financial goals.
Ameriprise Financial Services, Inc is a fee-based firm that has a $25,000 minimum account requirement to work with them.
You can expect the following working with Ameriprise Financial Services:
- A firm with more than 120 years of existence under its belt. This is a firm with institutional stability.
- A large and friendly staff that is willing to help you with whatever you need.
- A willingness to answer any question with an unbiased approach.
LPL Financial, LLC
LPL Financial, LLC has more than $159.1 billion in assets under its management and serves people across the country. It has an office in Bismarck and serves a wide range of clients, including individuals, trusts, pension and profit-sharing plans, charitable organizations, state and municipal governments, and others.
They offer a lot of well-practiced and well-regarded services such as financial planning, tax-efficient investment management, and group retirement plans.
LPL Financial, LLC is a fee-based firm that has no set any minimum account requirement to work with them.
You can expect the following working with LPL Financial:
- The ability to help you no matter where you might be at a given time.
- The resources only a large firm can provide.
- Experience working with high-net-worth clients.
With over $22.1 billion in assets under its management, the award-winning United Capital works through the United States and has a branch in Fargo. This firm uses proven systems and resources to help their clients live well.
They offer a different approach from other most firms and try to understand where you’re coming from and where you want to be in the years to come. They focus on the ongoing discussion between client and advisor and take this information into account when developing a plan.
United Capital is a fee-based firm that has a $100,000 minimum account requirement to work with them.
You can expect the following working with United Capital:
- Trained financial advisers who are driven by research.
- A firm that provides you with a clear framework of your financial plans.
- The use of digital tools to allow you to more easily monitor your assets.
Eide Bailly Financial Services, LLC
Founded in 1917, Eide Bailly Financial Services, LLC has offices in Bismarck and Fargo. The firm has about $680.7 million in assets under its management, and it’s one of the top advisory firms in the U.S. Apart from investment advisory and financial planning services, it also offers tax, audit, and consulting services.
They ensure to be there for you every step of the way by engaging you in their entire planning process. They place a great level of importance on creating a stable and trusting relationship with their clients.
Eide Bailly Financial Services, LLC is a fee-based firm that has no minimum account requirement to work with them.
You can expect the following working with Eide Bailly Financial Services:
- A team of advisors that have served many generations over the years.
- Online resources and information which may help you make better financial decisions.
- Additional services that can be helpful depending on your specific needs.
Finding a firm in North Dakota is more challenging than it would be most other places. There simply aren’t as many firms as one would hope for. Yet we expect that at least one of the firms listed above can still be a great fit for you. All it will take is a bit more time and research on your end to define your goals and expectations, and the conclusions will come right to you. No matter your final choice, we hope that you find future financial success.