SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Parr McKnight Wealth Management Group
Minneapolis, MN
Parr McKnight Wealth Management Group, LLC, CRD 330050
Firm filing updated June 15, 2026 ·
- $1.1BAssets
- 613Clients
- 10Advisory staff
- 2,040Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Fixed feesYes
- Hourly chargesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- Performance-based feesNo
- OtherNo
Who the firm serves
- Individuals279
- High net worth individuals162
- Pension and profit sharing plans162
- Charities5
- Corporations or other businesses5
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 279 | $90.0 million |
| High net worth individuals | 162 | $802.3 million |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 162 | $82.8 million |
| Charitable organizations | 5 | $980,572 |
| Corporations or other businesses not listed above | 5 | $92.5 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
See all 4 services
- Selection of other advisors (including private fund managers)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisors (including private fund managers)
Assets and accounts
- Regulatory assets$1.1 billion
- Accounts2,040
- Discretionary$935.8 million · 1,421 accounts
- Non-discretionary$132.8 million · 619 accounts
People
- Employees14
- Advisory staff10
- Broker-dealer reps0
- Licensed insurance agents7
- Planning clients251 to 500
Advisors
4 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- Legal name: Parr McKnight Wealth Management Group, LLC SEC-registered investment advisor. CRD 330050, SEC file 801-130400.
- Registered with the SEC as an investment advisor (status date on record: May 30, 2024).
Is Parr McKnight Wealth Management Group a fiduciary?
Short answer: Parr McKnight Wealth Management Group is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
7 staff are licensed insurance agents.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.