Advisornet Wealth Partners

Registered investment adviser · Minnetonka, MN · CRD #113074

Form ADV data as of 2026-09-01

Regulatory assets

$3.15 billion

Total accounts

9,293

Employees

131

Disclosure events

Firm details

Website: http://www.fsaadvisors.com
Telephone: 612-347-8600
SEC file number: 801-77035
Most recent Form ADV filing: 2026-03-25
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 1 disclosure question answered Yes. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

A self-regulatory organization found a violation of its rules

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$3.14 billion
Non-discretionary regulatory assets under management	$6.1 million
Total regulatory assets under management	$3.15 billion
Discretionary accounts	9,284
Non-discretionary accounts	9
Total accounts	9,293
Regulatory assets under management attributable to non-U.S. persons	$1.2 million

People

Total employees (excluding clerical)	131
Employees performing investment advisory functions (including research)	68
Employees who are registered representatives of a broker-dealer	47
Employees registered as investment adviser representatives with a state	68
Employees registered as IARs for another investment adviser	39
Employees who are licensed insurance agents	54
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$1.70 billion
Clients for whom the firm has custody	3,538
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	3

How the firm is compensated

A percentage of assets under managementHourly chargesFixed fees (other than subscription fees)Other

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesPension consulting servicesSelection of other advisers (including private fund managers)Educational seminars/workshopsOther

Other business activities

Registered representative of a broker-dealerInsurance broker or agent

Affiliated related persons

Accountant or accounting firmLawyer or law firmInsurance company or agencyReal estate broker or dealer

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients
Recommends brokers or dealers to clients
Receives compensation from others for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	2,576	$867.7 million
High net worth individuals	923	$2.26 billion
Charitable organizations	6	$11.4 million
Corporations or other businesses not listed above	9	$5.7 million