Minneapolis Portfolio Management Group, LLC

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Client assets under management

$956,417,034

Clients

1,732

35% high-net-worth

Advisors

of 9 employees

Firm type

Team

5-30 advisors or >$500M in AUM

Clients per advisor

577

Very High

Average account size

$552,204

About

MPMG provides discretionary portfolio management centered on an All‑Cap Value equity strategy for individuals, high‑net‑worth clients, trusts, estates, retirement plans, pension and profit‑sharing plans, certain government entities, insurance companies, and institutional clients. The firm also participates in third‑party wrap programs and supplies model portfolios to financial intermediaries, and will manage accounts non‑discretionarily in limited situations while allowing clients to impose investment restrictions.

The investment process emphasizes valuation metrics (e.g., price‑to‑sales, price‑to‑cashflow, price‑to‑book, forward P/E), balance‑sheet strength, growth prospects, and a macroeconomic “big‑picture” overlay to assist timing decisions. MPMG typically manages accounts on a discretionary basis, provides quarterly performance reporting against benchmarks, and accommodates client requests for tax‑sensitive or exclusionary instructions.

MPMG’s regulatory filings show it manages over $1 billion in assets with a small portfolio management team, resulting in a high client count and a high level of AUM per advisor relative to peers. The brochure also discloses that the firm engages in solicitation/referral arrangements that compensate third parties, works with insurance company clients, and receives portions of wrap program fees while providing model‑based services to program sponsors, with these relationships documented and disclosed as potential conflicts.

Client services

Portfolio management

Expertise

Active portfolio management Wealth management

Fee options

Percentage

$0 - $500,000: 2.0% annually $500,001 - $1,000,000: 1.8% annually $1,000,001 - $5,000,000: 1.6% annually $5,000,001+: 1.4% annually $0 - $2,000,000: 1.4% annually $2,000,001 - $5,000,000: 1.2% annually $5,000,001+: 1.0% annually

Other

Account minimum: $500,000 Fee-only: Negotiable fees based on assets, nature of assets, services required, and overall relationship; may be higher or lower than basic schedules.

Main office location

Minneapolis Portfolio Management Group, LLC

3620 County Road 101 S.

Wayzata MN 55391, United States

Number of offices

Most active in

Alabama · Arizona · California · Colorado · Connecticut · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · South Carolina · South Dakota · Tennessee · Texas · Utah · Virginia · Washington · Wisconsin

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

LinkedIn Website (612) 334-2000

Advisors at this firm

Robert B

Series 63

Wayzata, MN

Minneapolis Portfolio Management Group, LLC

Robert Britton Jr. is a financial advisor with Minneapolis Portfolio Management Group, LLC, holding a Series 63 designation and 12 years of industry experience. He has been with the firm since 2011. Mr. Britton has served as President of CFA Society Minnesota since September 2023. Minneapolis Portfolio Management Group provides discretionary portfolio management focused on an All‑Cap Value equity strategy for a range of clients, including individuals, high‑net‑worth clients, trusts, estates, retirement and pension plans, government entities, insurance companies, and institutions. The firm emphasizes valuation metrics, balance‑sheet strength, growth prospects, and macroeconomic analysis in its investment process.

Active portfolio management Wealth management

Harrison G

Series 63, Series 65

Wayzata, MN

Minneapolis Portfolio Management Group, LLC

Harrison Grodnick is a financial advisor with Minneapolis Portfolio Management Group, LLC, holding Series 63 and Series 65 credentials and 22 years of industry experience. He has been with Minneapolis Portfolio Management Group since 2003. Outside of his advisory role, he is a co-owner and co-operator of Tortoise Properties, LLC. Minneapolis Portfolio Management Group provides discretionary portfolio management focused on an All‑Cap Value equity strategy for a diverse client base, including individuals, high‑net‑worth clients, trusts, and institutional accounts. The firm emphasizes valuation metrics and macroeconomic factors in its investment process and manages over $1 billion in assets with a small team.

Active portfolio management Wealth management

Phillip G

Series 63, Series 65

Wayzata, MN

Minneapolis Portfolio Management Group, LLC

Phillip Grodnick is a financial advisor with Minneapolis Portfolio Management Group, LLC, holding Series 63 and Series 65 licenses and 22 years of industry experience. He has been with Minneapolis Portfolio Management Group since 2003. Minneapolis Portfolio Management Group specializes in discretionary portfolio management using an All-Cap Value equity strategy for individuals, high-net-worth clients, trusts, estates, retirement plans, pension and profit-sharing plans, government entities, insurance companies, and institutional clients. The firm emphasizes valuation metrics, balance-sheet strength, growth prospects, and macroeconomic analysis in its investment process and manages over $1 billion in assets with a small team.

Active portfolio management Wealth management

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