SourcingSourcing

ADVISORNET FINANCIAL, INC.

B50
CRD 113074·SEC 801-77035·MINNETONKA, MN
AUM
$3.15B
$1B+
Est. Revenue
$31.5M
@ 1% on AUM
Est. EBITDA
$9.4M
@ 30% margin
Est. Deal Value
$75.6M
@ 8× EBITDA

Identity

Registrations & legal identity

Legal name
ADVISORNET FINANCIAL, INC.
CRD
113074
SEC file #
801-77035
EIN
411378662
DBA names
Advisornet Wealth Partners

Economics

AUM
$3.15B
AUM band
$1B+
AUM trajectory
'20'26
$1.98B → $3.15B▲ +59%
Client mix
Individuals Other2,576
Individuals High Net Worth923
Corporations9
Charitable Organizations6

Operations

Employees (total)
131
Advisory staff (per ADV)
68
Advisory staff (5-yr trend)
'20'26
120 advisors → 68 advisors▼ -43%
Primary office
MINNETONKA MN
Branches
—

Custodian & Brokerage

Primary custodian
Charles Schwablow confidence
Services offered
Financial planningPortfolio mgmt — individualsPension consultingSelection of other advisers
Fee basis
% of AUMHourly chargesFixed feesOther Compensation

Filings

Latest ADV filing
03/25/2026
ADV-W filed at
—
Website
fsaadvisors.com

Compliance

Disclosures (firm)
1
Trademark
—
Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name
MAY, DANIEL, JOHN
Top Owner Pct
37.5
Top Owner Entity Kind
I
Owner Count
5
Control Persons
MAY, DANIEL, JOHN
PRICE, JARED, SCOTT
Solo Advisor Indicator
No
Succession Risk Solo Owner
No
Is Parent Owned Subsidiary
No

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed
No

Web presence ★

Stale website = winding down

Web Signal Quality
ok
Rdap Domain
FSAADVISORS.COM
Rdap Domain Creation Date
2011-04-18T17:31:08Z
Rdap Firm Age Years
15
Rdap Firm Age Band
10-20y
Rdap Registrar
GoDaddy.com, LLC

Retirement-plan book (Form 5500) ★

401(k)/plan business — cross-sell value

Retirement Plan Book
Yes
Form 5500 Plan Count
3
Form 5500 Total Compensation
204,587
Form 5500 Compensation Trajectory 3y
2025147,446
202657,141
Form 5500 Plan Count Trajectory 3y
20252
20261
Schedule C Total Compensation
204,587
Schedule C Service Provider Rows
3

SEC EDGAR

Edgar Cik
0001409362
Edgar Registered
Yes
Edgar Filing Count
50
Edgar First Filing Date
2007-08-08
Edgar Last Filing Date
2026-04-21
Edgar 13f Count
34
Edgar 13f Latest AUM Estimate
Filing Date2026-04-17
Accession0001409362-26-000002
Edgar Form D Count
13
Edgar Form D Offerings
2026-04-212026-04-21 · 0001409362-26-000003
2025-04-152025-04-15 · 0001409362-25-000003
Edgar Former Names
AdvisorNet Financial Inc

Compliance & brand

Firm Registration Status
active

All other collected signals (17)

Everything else we've pulled for this record, not yet curated into a section.

Adv W Recently Filed
No
Bc Firm Active Bc Count
35
Bc Firm Active IA Count
50
Bc Firm IAR Count
50
Custodian Candidates
Full
Charles Schwab6
E*trade4
Fidelity2
Lpl Financial1
Edgar Addresses
Mailing
110 CHESHIRE LANESUITE 200MINNETONKA, MN 55305
Business
110 CHESHIRE LANESUITE 200MINNETONKA, MN 55305
Edgar EIN
411378662
Edgar Recent Filings
D/A2026-04-21 · 0001409362-26-000003
13F-HR2026-04-17 · 0001409362-26-000002
Firm Has Custody
Yes
Mailing Office Differs
No
Rdap Domain Expiration Date
2031-04-18T17:31:08Z
Rdap Domain Last Changed
2022-09-09T07:14:23Z
Rdap Nameservers
Ns71.domaincontrol.comNs72.domaincontrol.com
Rdap Secure Dns Enabled
No
Rdap Status
Client Delete ProhibitedClient Renew ProhibitedClient Transfer ProhibitedClient Update Prohibited
Top Owner CRD
1185577
Trust Company Affiliate
No

People (53)

53
DANIEL JOHN MAY
Direct Owner · 37.5%
1185577
PRICE, JARED, SCOTT
IAR · Direct Owner · 7.5%
6348005
KOMOSZEWSKI, JAMES, ANTHONY
IAR · Executive Officer · 2.5%
2833256
JENNIFER LYNN HAAS
Executive Officer · 2.5%
4482601
STEVEN ALAN CORLESS
Executive Officer · 2.5%
3077923
RYAN JON KESHEMBERG
IAR
5412679
JOSEPH PAUL NELSON
IAR
4541396
DANIEL JOHN KLEIN
IAR
4940032
RYAN CHARLES GANDURSKI
IAR
5058391
ROBERT CHARLES BEVEROTH
IAR
6454138
JOSHUA ALLEN WEBSKOWSKI
IAR
5224636
CHAD NIEL NORLING
IAR
2910033
Zachary Brian Morgan
IAR
7530030
PAUL DONALD DRACH
IAR
1761779
George Carlin McCabe
IAR
6814042
Julia Slobodnik
IAR
7932148
AMY JENSEN WOLFF
IAR
2355828
JOHN JOSEPH KARPINSKY
IAR
1745643
DAVID ARNOLD SCHWANDT
IAR
1321362
JULIAN ZAVALA
IAR
6082001
Luke Charles Wojciechowski
IAR
7919083
DANIEL THOMAS HARRINGTON
IAR
5614304
JAMES LEE MASSEY
IAR
1298358
TIMOTHY CARLIN MCCABE
IAR
724176
DAVID MICHAEL ROBERT ZACK
IAR
3053995
PAUL CLINTON STEIN
IAR
2078297
JOHN RANDAL JUDD
IAR
6015595
Sean Patrick Barrett
IAR
6100226
Phoebe Taylor Bird
IAR
7234602
Christopher John Martin
IAR
4811199
SHAWN JEANETTE LARSON
IAR
5244507
ERIC SIMON KALLAL
IAR
6117528
THAD ROBERT DUNN
IAR
4046939
WALTER ROY BOMGREN
IAR
1138265
BRADY WILLIAM SCHMIDT
IAR
4833176
CHAD DAVID OLSON
IAR
4982320
JOSHUA DAVID CANNIFF
IAR
5104458
GEOFFREY DALE KLEIN
IAR
4558054
NICHOLAS SCOTT KEY
IAR
6299721
ROBERT JOHN MC HATTIE
IAR
4902278
BRADLEY RAYMOND KONOPASKE
IAR
1252311
BRENDEN THOMAS FITZPATRICK
IAR
6912110
Anthony Richard Rubino
IAR
5288805
KEVIN DEAN HEMME
IAR
2749861
BENJAMIN LINZY WAPLES
IAR
4743779
TAYLOR JAMES SUNDEEN
IAR
5097862
CORY STEVEN ZAFKE
IAR
5803733
Steven Allen Musch
IAR
6880824
KIMBERLY JEAN BRUMBAUGH
IAR
3065606
ANDREW MICHAEL STORTI
IAR
4949990
William Will
IAR
6658640
VERALYNN Mary Morris
IAR
1016334
Erik Daniel Howe
IAR
8058704