DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

M•••• • P••••

Wealth manager with institutional or fund businessSt. Paul, MinnesotaCRD 110351SEC 801-2731websiteIAPD
Legal name M•••• A•• P•••• I••
Latest filing Apr 20, 2026
First filing on the tape Apr 3, 2012 · 36 filings
SEC status approved since Nov 15, 1961
RAUM
$12B
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
37%
$4.4B individuals and HNW
Advisors
16
registered through the firm on IAPD
RAUM per advisor
$759M
derived; firm RAUM over IAPD count
Employees
60
25 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
36 filings and snapshots on the tape
RAUM$12B as of Apr 20, 2026
Apr 3, 2012$4.3B then
HNW client RAUM$4.4B as of Apr 20, 2026
Mar 29, 2018$2.7B then
State-registered IARs (5.B.3)17 as of Apr 20, 2026
Apr 3, 20120 then
Employees (5.A)60 as of Apr 20, 2026
Mar 20, 201330 then
Private funds2 as of Apr 20, 2026
Mar 28, 20241 then
RAUM +1.4% over the last fiscal year+7.7% a year over threeIARs 16 to 17
Practice profile
derived from the filing of Apr 20, 2026; every figure names its basis
Archetypes, each a printed rule
RAUM per advisor
$759MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
44derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$7.7MderivedHNW RAUM over HNW clients
Average account
$7.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
8.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.8derivedItem 5.A over advisors
Advisors per office
16.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+1.4%derivedbetween the last two annual amendments
Advisor growth, one year
+6.3%derivedItem 5.B.3 between annual amendments
Client growth, one year
+2.6%derived
Compensation
percentage of assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, educational seminarsreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$1.0B, 445 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$6.5B53%
  • High-net-worth individuals$4.4B36%
  • Pension and profit-sharing plans$492M4.1%
  • Charitable organizations$413M3.4%
  • Insurance companies$169M1.4%
  • Corporations and businesses$73.2M0.6%
  • Individuals$64.9M0.5%
  • Pooled investment vehicles$59.3M0.5%
  • State and municipal entities$11.6M0.1%
Individual clients
138reported
HNW clients
568reported
Pension plan clients
20reported
Charitable clients
38reported
Accounts
1,725reported
Financial planning clients
51-100reported
Wrap fee programs
$0 sponsored, $5.4M managedreported
Custody of client assets
$1.0B for 445 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.37 fund_share=0.54 institutional_share=0.09 related_bd=false related_bank=false bd_reps=6.0derived
Advisors registered through the firm
16 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
A••••• R••••• A••••Chartered Financial Analyst, Chartered Investment CounselorSt. P•••, MnMar 20, 201431 y0
P•••• J•••• J••••••Chartered Financial AnalystSt. P•••, MnMar 20, 201416 y0
K•••• V•••••• E•••••Chartered Financial AnalystSt. P•••, MnMar 20, 201413 y0
J••••• M••• M•••••Chartered Financial AnalystSt. P•••, MnMar 20, 201811 y0
P•••••• J••• F•••••Chartered Financial AnalystSt. P•••, MnOct 18, 201832 y1
L••• J•••••• K••••St. P•••, MnMar 30, 202320 y2
C••••••••• D•••••• S••••Chartered Financial AnalystSt. P•••, MnSep 21, 202316 y0
K•••••••• S••• M•••• B•••••St. P•••, MnDec 8, 202325 y2
R••• T•••••Chartered Financial AnalystSt. P•••, MnJan 8, 202514 y1
C••• M•••••• K•••••Chartered Financial AnalystSt. P•••, MnJan 16, 202520 y1
H••••• J• S••••••Certified Financial PlannerSt. P•••, MnJan 31, 202523 y4
M••••••• W•••••Chartered Financial AnalystSt. P•••, MnMar 16, 202524 y0
M•••••• C••••••••• M••••••St. P•••, MnMar 16, 202524 y2
B•••• S••••• M•••••Chartered Financial AnalystSt. P•••, MnMay 30, 202515 y0
D•••••• N••• F••••St. P•••, MnJan 14, 202620 y1
P••• J• P•••••Certified Financial PlannerSt. P•••, MnJan 28, 202617 y4
Advisor movement
0 left, 2 joined in 12 months
net +2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Private funds
2 reported on Schedule D 7.B.(1)
Owners and control persons
Schedule A and B, latest filing
  • A••••• A•••••• R••••• · Chief Investment Officer, Executive Vice President And Directorcontrol
    since 05/2006 · owns 5% to 10%
  • E•••••• K••••• V•••••• · Vice President, Investment Manager, And Directorcontrol
    since 04/2013 · owns 5% to 10%
  • G••••••••• M••••••• M••••••••• · Chief Operating Officercontrol
    since 04/2022 · owns less than 5%
  • H•••••••• M•••• L•••• · Chairman Of The Boardcontrol
    since 06/2004 · owns less than 5%
  • J••••••• G••••• E••• · Senior Vice President, Director Of Institutional Asset Management & Directorcontrol
    since 02/2010 · owns 5% to 10%
  • J••••••• P••••• J•••• · Vice President And Investment Manager And Directorcontrol
    since 06/2010 · owns 5% to 10%
  • M••••• R•••••• W•••••• · Chief Executive Officer, Chair And Directorcontrol
    since 09/2015 · owns 10% to 25%
  • M•••••• B••••• S••••• · Vice President, Investment Manager, And Directorcontrol
    since 01/2024 · owns 5% to 10%
  • M•••••• J•••••• M••• · Vice President And Head Of Individually Managed Accounts Secretary And Directorcontrol
    since 02/2015 · owns 10% to 25%
  • O•••••••• L•••• A••••• · Treasurercontrol
    since 05/2022 · owns less than 5%
  • W•••••• M••••••• · Vice President, Investment Manager And Director Manager, And Directorcontrol
    since 10/2016 · owns 5% to 10%
  • W•••••••• B••••• M•••••• · Chief Compliance Officercontrol
    since 10/2024 · owns less than 5%
  • H•••••••• M•••• L•••• · Trusteecontrol
    since 12/2013 · owns F of M••• L• H••••••• R•••••••• T••••
  • H•••••• S••••• D••• · Vice President And Investor Relations Manager
    since 07/2023 · owns 5% to 10%
  • S••••• C••••••••• D•••••• · Vice President, Investment Manager And Director
    since 12/2022 · owns 5% to 10%
  • T•••••••• R•••••• W•••• · Vice President, Director Of Fixed Income
    since 12/2022 · owns 5% to 10%
Entity owners
  • M••• L• H••••••• R•••••••• T•••• · Shareholder
    direct · owns 5% to 10%
Related persons
Schedule D 7.A
  • M•• V••••••• F••• I• G•• L••
    pooled vehicle sponsory
Advisers that list M•••• • P•••• as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
St P•••, Mn1620
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
5 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Apr 20, 2026
    M•••••• B••••• S••••• (VICE PRESIDENT, INVESTMENT MANAGER, AND DIRECTOR) appeared on Schedule A between the filings of 2024-10-01 and 2026-04-20
    peers: independent wealth managers, $5B to $20B (289)
  • control person changedChange between filings · filing Apr 20, 2026
    W•••••• M••••••• (VICE PRESIDENT, INVESTMENT MANAGER AND DIRECTOR MANAGER, AND DIRECTOR) appeared on Schedule A between the filings of 2024-10-01 and 2026-04-20
    peers: independent wealth managers, $5B to $20B (289)
  • control person changedChange between filings · filing Apr 20, 2026
    J••••••• G••••• E••• (SENIOR VICE PRESIDENT, DIRECTOR OF INSTITUTIONAL ASSET MANAGEMENT & DIRECTOR) left Schedule A between the filings of 2024-10-01 and 2026-04-20
    peers: independent wealth managers, $5B to $20B (289)
  • control person changedChange between filings · filing Apr 20, 2026
    H•••••••• M•••• L•••• (TRUSTEE) left Schedule A between the filings of 2024-10-01 and 2026-04-20
    peers: independent wealth managers, $5B to $20B (289)
  • control person changedChange between filings · filing Apr 20, 2026
    G••••••••• M••••••• M••••••••• (CHIEF OPERATING OFFICER) left Schedule A between the filings of 2024-10-01 and 2026-04-20
    peers: independent wealth managers, $5B to $20B (289)
What changed
consecutive filings, newest first
  • Accounts · 1,666 to 1,725
    Mar 31, 2025 to Mar 21, 2026
  • Advisory employees · 27 to 25
    Mar 31, 2025 to Mar 21, 2026
  • Advisory activities · 5 to 6
    Mar 31, 2025 to Mar 21, 2026
  • BD registered reps · 5 to 6
    Mar 31, 2025 to Mar 21, 2026
  • Charity clients · 40 to 38
    Mar 31, 2025 to Mar 21, 2026
  • Corporate clients · 5 to 6
    Mar 31, 2025 to Mar 21, 2026
  • HNW clients · 569 to 568
    Mar 31, 2025 to Mar 21, 2026
  • Individual clients · 119 to 138
    Mar 31, 2025 to Mar 21, 2026
  • Assets in custody · $1.6B to $1.0B
    Mar 31, 2025 to Mar 21, 2026
  • Employees · 56 to 60
    Mar 31, 2025 to Mar 21, 2026
  • State-registered IARs · 16 to 17
    Mar 31, 2025 to Mar 21, 2026
  • Discretionary RAUM · $12B to $12B
    Mar 31, 2025 to Mar 21, 2026
  • HNW RAUM · $4.1B to $4.4B
    Mar 31, 2025 to Mar 21, 2026
  • Individual RAUM · $59.9M to $64.9M
    Mar 31, 2025 to Mar 21, 2026
  • Non-discretionary RAUM · $155M to $157M
    Mar 31, 2025 to Mar 21, 2026
  • Pension RAUM · $550M to $492M
    Mar 31, 2025 to Mar 21, 2026
  • Pooled vehicle RAUM · $44.3M to $59.3M
    Mar 31, 2025 to Mar 21, 2026
  • RAUM · $12B to $12B
    Mar 31, 2025 to Mar 21, 2026
  • Wrap assets (manager) · unset to 5446234.0
    Mar 31, 2025 to Mar 21, 2026
  • Wrap assets (sponsor) · unset to 0.0
    Mar 31, 2025 to Mar 21, 2026
  • Accounts · 1,625 to 1,666
    Oct 1, 2024 to Mar 31, 2025
  • Advisory employees · 26 to 27
    Oct 1, 2024 to Mar 31, 2025
  • BD registered reps · 4 to 5
    Oct 1, 2024 to Mar 31, 2025
  • Charity clients · 43 to 40
    Oct 1, 2024 to Mar 31, 2025
  • HNW clients · 541 to 569
    Oct 1, 2024 to Mar 31, 2025
  • Individual clients · 109 to 119
    Oct 1, 2024 to Mar 31, 2025
  • Pension plan clients · 21 to 20
    Oct 1, 2024 to Mar 31, 2025
  • Pooled vehicle clients · 1 to 2
    Oct 1, 2024 to Mar 31, 2025
  • Assets in custody · $656M to $1.6B
    Oct 1, 2024 to Mar 31, 2025
  • Employees · 50 to 56
    Oct 1, 2024 to Mar 31, 2025
  • Financial planning clients · 51-100 to 51-100
    Oct 1, 2024 to Mar 31, 2025
  • Private funds · 1 to 2
    Oct 1, 2024 to Mar 31, 2025
  • Discretionary RAUM · $11B to $12B
    Oct 1, 2024 to Mar 31, 2025
  • HNW RAUM · $3.6B to $4.1B
    Oct 1, 2024 to Mar 31, 2025
  • Individual RAUM · $57.4M to $59.9M
    Oct 1, 2024 to Mar 31, 2025
  • Non-discretionary RAUM · $172M to $155M
    Oct 1, 2024 to Mar 31, 2025
  • Pension RAUM · $534M to $550M
    Oct 1, 2024 to Mar 31, 2025
  • Pooled vehicle RAUM · $19.2M to $44.3M
    Oct 1, 2024 to Mar 31, 2025
  • RAUM · $11B to $12B
    Oct 1, 2024 to Mar 31, 2025
  • Accounts · 1,577 to 1,625
    Jan 25, 2024 to Mar 28, 2024
Signals
7 dated events
  • M•••••• B•••• W••••••• (Chief Compliance Officer) appeared on Schedule A of M•••• • P••••
    Oct 1, 2024 · Control person joined · fact
  • A••••• L••• O••••••• (Treasurer) appeared on Schedule A of M•••• • P••••
    Mar 31, 2023 · Control person joined · fact
  • Carola Andrea Stimmel (Chief Operating Officer, Treasurer & Director) no longer on Schedule A of M•••• • P•••• (listed 2022-03-31, absent 2022-05-06)
    May 6, 2022 · Control person left · inference
  • M••••••••• M•••••• G••••••••• (Chief Operating Officer) appeared on Schedule A of M•••• • P••••
    May 6, 2022 · Control person joined · fact
  • M••• J••••• M••••• (Vice President And Manager Equity Analysts & Director) appeared on Schedule A of M•••• • P••••
    Mar 30, 2021 · Control person joined · fact
  • G. Peter Robb (Sr. Vice President & Director) no longer on Schedule A of M•••• • P•••• (listed 2020-06-30, absent 2021-03-30)
    Mar 30, 2021 · Control person left · inference
  • Lynn Ronald Kaliebe (Senior Vice President, Director Of Fixed Income And Director) no longer on Schedule A of M•••• • P•••• (listed 2019-03-30, absent 2019-08-01)
    Aug 1, 2019 · Control person left · inference
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Business email
hello@mairsandpower.vcreportedpublished by the firm, firm site, Sep 15, 2026
Business email
elise@mairsandpower.vcreportedpublished by the firm, firm site, Sep 15, 2026
Business email
john@mairsandpower.vcreportedpublished by the firm, firm site, Sep 15, 2026
Business email
scott@mairsandpower.vcreportedpublished by the firm, firm site, Sep 15, 2026
Business phone
651-294-8355reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
651-294-8336reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
651-294-8373reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/mpvcreportedpublic record, Form ADV, Sep 19, 2026
Firm profile
linkedin.com/company/mairs-power-increportedpublic record, Form ADV, Sep 19, 2026
Website
mairsandpower.vcreportedpublic record, Form ADV, Sep 19, 2026
Principal office phone
651-222-8478reportedpublic record, Form ADV, Apr 20, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
RAUM per advisor
$759Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026