Jnba Financial Advisors, Llc
SEC-registered
Wealth Manager · Mid-sized ($1B–$10B)
CRD 106550
· SEC file 801-21522
· Bloomington, MN
· www.linkedin.com
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ADV data as of Mar 19, 2026
- Regulatory AUM
- $2.0B
- Discretionary
- $2.0B
- Clients
- 1,115
- Avg AUM / client
- $1.8M
- Accounts
- 4,157
- Employees
- 36
AUM over time
$369M
$2.0B
Nov 21, 2011
Mar 19, 2026
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 19, 2026
Investments (13F portfolio — 819 positions, $1,200,870,107)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Ishares Tr | CORE S&P500 ETF | $157,935,661 | 241,784 | 13.2% | 7.88% |
| 2 | Spdr Index Shs Fds | STATE STREET SPD | $114,444,235 | 2,506,993 | 9.53% | 5.71% |
| 3 | Ishares Tr | 0-3 MNTH TREASRY | $85,286,400 | 847,272 | 7.1% | 4.25% |
| 4 | American Centy Etf Tr | INTL EQT ETF | $60,084,616 | 708,211 | 5.0% | 3.0% |
| 5 | Ishares Tr | CORE S&P MCP ETF | $54,209,259 | 802,743 | 4.51% | 2.7% |
| 6 | Spdr Series Trust | STATE STREET SPD | $50,412,777 | 851,280 | 4.2% | 2.51% |
| 7 | Vanguard Index Fds | GROWTH ETF | $42,694,411 | 97,746 | 3.56% | 2.13% |
| 8 | Spdr Index Shs Fds | STATE STREET SPD | $37,290,602 | 794,939 | 3.11% | 1.86% |
| 9 | Vaneck Etf Trust | MRNGSTR WDE MOAT | $34,625,030 | 358,066 | 2.88% | 1.73% |
| 10 | Vanguard Tax Managed Fds | VAN FTSE DEV MKT | $33,444,389 | 521,916 | 2.79% | 1.67% |
| 11 | Aflac Inc | COM | $23,556,712 | 214,718 | 1.96% | 1.17% |
| 12 | Vanguard Index Fds | LARGE CAP ETF | $23,262,552 | 77,840 | 1.94% | 1.16% |
| 13 | Spdr Series Trust | STATE STREET SPD | $22,675,472 | 231,595 | 1.89% | 1.13% |
| 14 | Vanguard Specialized Funds | DIV APP ETF | $19,912,125 | 92,589 | 1.66% | 0.99% |
| 15 | Schwab Strategic Tr | FUNDAMENTAL INTL | $18,112,762 | 370,177 | 1.51% | 0.9% |
| 16 | Api Group Corp | COM STK | $17,010,053 | 419,794 | 1.42% | 0.85% |
| 17 | Invesco Exchange Traded Fd T | S&P500 QUALITY | $16,479,092 | 219,166 | 1.37% | 0.82% |
| 18 | Vanguard Intl Equity Index F | FTSE EMR MKT ETF | $16,423,888 | 303,865 | 1.37% | 0.82% |
| 19 | Spdr Series Trust | STATE STREET SPD | $15,585,505 | 322,548 | 1.3% | 0.78% |
| 20 | Vanguard Index Fds | MID CAP ETF | $14,353,753 | 49,982 | 1.2% | 0.72% |
| 21 | Ishares Tr | CORE S&P SCP ETF | $12,362,917 | 99,452 | 1.03% | 0.62% |
| 22 | Microsoft Corp | COM | $12,075,006 | 32,620 | 1.01% | 0.6% |
| 23 | Ishares Gold Tr | ISHARES NEW | $11,526,807 | 130,749 | 0.96% | 0.57% |
| 24 | Spdr Series Trust | STATE STREET SPD | $10,699,910 | 139,795 | 0.89% | 0.53% |
| 25 | Invesco Exchange Traded Fd T | RAFI US 1000 ETF | $10,392,388 | 218,649 | 0.87% | 0.52% |
Top 25 of 819 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 591 | $280M | 14.0% |
| High net worth individuals | 514 | $1.7B | 84.3% |
| Charitable organizations | 10 | $34.4M | 1.72% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| National Bank Of Commerce 401(k) Profit Sharing Plan Natcom Bancshares, Inc. | 2024 |
People (30)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Richard Stephen Brown | Chairman And C.E.O. | Aug 1998 (28y) | ≈ 42.19% – 100% via Jnba Financial Advisors Inc | |
| Kimberlee Marie Brown | President/Chief Compliance Officer | Apr 2011 (15y) | Less than 5% | |
| Patrick Daniel Moyneur | Registered representative | CFP | Nov 2010 (16y) | |
| John William Foster | Registered representative | Dec 2013 (13y) | ||
| Lawrence J. Becker | Registered representative | Dec 2013 (13y) | ||
| Stacy Mae Biermaier | Registered representative | CFP | Dec 2013 (13y) | |
| Carin Marguerite Lind Viertel | Registered representative | Jan 2014 (13y) | ||
| Christopher J. Mastley | Registered representative | CFP | Jan 2014 (13y) | |
| Lucas John Traxler | Registered representative | CFP | Jan 2014 (13y) | |
| Marie Patricia Williams | Registered representative | Jan 2014 (13y) | ||
| Elise Marie Pederson Huston | Registered representative | CFP | Dec 2017 (9y) | |
| Corinn M Berken | Registered representative | Dec 2018 (8y) | ||
| Andrew J Buccanero | Registered representative | Oct 2019 (7y) | ||
| Noel Patrick Silker | Registered representative | CFP | Jun 2020 (6y) | |
| Nicholas Aaron Scheibel | Registered representative | CFP | Jun 2020 (6y) | |
| Stephanie Jean Rossi | Registered representative | CFP | Nov 2020 (6y) | |
| Haley Ann Frecon | Registered representative | CFP | Aug 2021 (5y) | |
| Joshua Gerald Justin | Registered representative | Oct 2021 (5y) | ||
| Courtney Noelle Swayze | Registered representative | Oct 2021 (5y) | ||
| Westyn Micheal Bodell | Registered representative | Apr 2022 (4y) | ||
| Michael Neil Bilotta | Registered representative | Chartered Financial Consultant | Nov 2022 (4y) | |
| Jessica Ruth Seifert | Registered representative | Nov 2022 (4y) | ||
| Shelby Rae St Martin | Registered representative | Oct 2023 (3y) | ||
| Paul Daniel Scoles | Registered representative | Dec 2023 (3y) | ||
| John Paul Schlueter | Registered representative | May 2024 (2y) | ||
| Brendan James Doherty | Registered representative | Nov 2024 (2y) | ||
| Marquesen Dorothy Ryan | Registered representative | May 2025 (1y) | ||
| Bailey Marie Norby | Registered representative | CFP Chartered Financial Consultant | Jul 2025 (1y) | |
| Eva Christiana Wilson | Registered representative | Sep 2025 (1y) | ||
| Laura Rose Haupt | Registered representative | CFP | Jun 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Jnba Financial Holdings, Llc | Member | Jan 2021 | A | 75% or more |
| Jnba Financial Advisors Inc | Member | Jan 2021 | B | ≈ 56.25% – 100% via Jnba Financial Holdings, Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Richard Stephen Brown: 75% – 100% of Jnba Financial Advisors Inc × 75% – 100% of Jnba Financial Holdings, Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Jnba Financial Advisors Inc: 75% – 100% of Jnba Financial Holdings, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| National Bank Of Commerce 401(k) Profit Sharing Plan | Natcom Bancshares, Inc. | 278 | $22.7M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/19/2026 | 1 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Pension consulting services
Custody
Reported custodians
- Charles Schwab & Co. $2.0B (99% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 19, 2026.
View current Form ADV (SEC/IAPD) ↗