Barron’s Names Richard S. Brown and JNBA Financial Advisors Top-Two Minnesota Advisor for Third Year in a Row, Appearing on List as State’s Top Independent Registered Investment Advisor

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Mar 15, 2019 01:04 pm

For the third consecutive year, JNBA Financial Advisors CEO Richard S. Brown has been ranked by Barron’s as one of Minnesota’s top two financial advisors, appearing on the list as the state’s top independent Registered Investment Advisor (RIA). Also, for the 10th consecutive year, the independent firm has been named to Barron’s list of the 1,200 top advisors in the country.

“As we celebrate our firm’s 40th anniversary, we couldn’t be more grateful to be named one of Minnesota’s top financial advisors again this year,” says JNBA President Kim Brown. “We’re proud to have created a long-standing business model of transparency, independence and advocacy. We believe the consistent recognition is a ringing reinforcement of JNBA’s approach and measurable and positive impact on our clients, colleagues and community.”

Barron’s ranked advisors on a comprehensive set of factors including quality of practice, assets under management, revenue and regulatory record.

Building on a rich history of operating as an independent RIA and by delivering a high standard of asset management and comprehensive financial planning, JNBA has posted a more-than-97-percent client-retention rate since tracking began 2001, and its business is continuing to grow and thrive with nearly $1 billion in assets under management today.

JNBA’s fiercely independent status allows the firm to customize investment strategies to individual client goals, which are implemented by an experienced team and disciplined process, including a review of each portfolio every 10 business days. JNBA’s dedication to being an advocate for its clients, employees, and community has fueled the firm’s continued growth, including opening an office in Duluth, Minn., and its expansion of family office services, designed for executives, business owners, and professional athletes. With Richard Brown at the helm of the firm’s growing family office team, JNBA applies its advocacy model to every aspect of a client’s financial well-being, from complex business dealings to household administration to reputation management.

JNBA has been recognized locally and nationally for its dedication to clients. Better Business Bureau of Minnesota and North Dakota named JNBA a winner of its 2015 BBB Torch Awards for Ethics, and the firm was named a finalist in the 2016 BBB International Torch Awards for Ethics. Barron’s named JNBA a Top 1,200 financial advisor every year since 2010, and Minnesota’s top financial advisor in 2018. JNBA was also named to the Forbes list of the Top Wealth Advisors in 2018, and a Financial Times Top 300 Registered Investment Adviser in 2014, 2015, 2016 and 2018.*

Minneapolis-based JNBA Financial Advisors is an independent fee-only wealth management firm driven to deliver a higher standard of comprehensive planning, asset management, and life enrichment by providing customized financial strategies with an advocacy approach. As a four-decade old firm, its advisory structure leverages a team approach, reviewing client portfolios every 10 business days and driving the planning process, including strategy development and implementation with estate, tax, and risk professionals as appropriate. For more information, visit

*As recognized on 9/10/18 on Forbes website. As seen in the 6/28/18, 6/16/16, 6/18/15 and 6/26/14 issues of the Financial Times and in the 2/22/10, 2/21/11, 2/20/12, 2/18/13, 2/24/14, 2/23/15, 8/24/15, 3/7/16, 8/29/16, 3/6/17, 9/18/17, 3/10/18, 9/17/18 and 3/11/19 issues of Barron's. As recognized by the Better Business Bureau of Minnesota and North Dakota for 2015 and the Better Business Bureau International for 2016. Rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if JNBA Financial Advisors, Inc. is engaged, or continues to be engaged, to provide investment advisory services, nor should it be construed as a current or past endorsement of JNBA Financial Advisors, Inc. by any of its clients. Rankings published by magazines. and others, generally base their selections exclusively on information prepared and/or submitted by the recognized advisor. Rankings are generally limited to participating advisors. Barron's is a trademark of Dow Jones & Company, Inc. All rights reserved.

The 2014/2015/2016/2018 Financial Times 300 Top Registered Investment Advisors is an independent listing produced by the Financial Times. The FT 300 is based on data gathered from RIA firms, regulatory disclosures, and the FTs research. As identified by the Financial Times the listing reflected each practice's performance in six primary areas, including assets under management, asset growth, compliance record, years in existence, credentials and accessibility. Neither the RIA firms nor their employees pay a fee to the Financial Times in exchange for inclusion in the FT 300.

JNBA’s Chief Compliance Officer remains available to address any questions regarding rankings and/or recognitions, including providing the criteria used for any referenced ranking. For complete disclosure information, please visit

Brian Bellmont, Bellmont Partners
(612) 255-1113,

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