Mairs And Power Inc
SEC-registered
Mutual Fund / Asset Manager · Large ($10B–$100B)
CRD 110351
· SEC file 801-2731
· St. Paul, MN
· WWW.MAIRSANDPOWER.COM
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ADV data as of Apr 20, 2026
- Regulatory AUM
- $12.1B
- Discretionary
- $12.0B
- Clients
- 773
- Avg AUM / client
- $15.7M
- Accounts
- 1,725
- Employees
- 60
AUM over time
$4.3B
$12.4B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Apr 20, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 138 | $64.9M | 0.53% |
| High net worth individuals | 568 | $4.4B | 36.1% |
| Investment companies | 1 | $6.5B | 53.3% |
| Pooled investment vehicles (non-investment companies) | 2 | $59.3M | 0.49% |
| Pension and profit sharing plans | 20 | $492M | 4.05% |
| Charitable organizations | 38 | $413M | 3.4% |
| State or municipal government entities | Fewer than 5 clients | $11.6M | 0.1% |
| Insurance companies | Fewer than 5 clients | $169M | 1.39% |
| Corporations and other businesses | 6 | $73.2M | 0.6% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $19.2M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Mairs & Power Ventures Fund I, Lp | Venture Capital Fund | Delaware | $19.2M | 58 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
People (24)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Henneman, Mark, Larry | Chairman Of The Board | Jun 2004 (22y) | Less than 5% | |
| Andrew Robert Adams | Chief Investment Officer, Executive Vice President And Director | CFA Chartered Investment Counselor | May 2006 (20y) | 10% – 25% |
| Johnson, Glenn, Earl | Senior Vice President, Director Of Institutional Asset Management & Director | Feb 2010 (17y) | 5% – 10% | |
| Peter James Johnson | Vice President And Investment Manager | CFA | Jun 2010 (16y) | 5% – 10% |
| Kevin Vincent Earley | Vice President, Investment Manager & Director | CFA | Apr 2013 (13y) | 5% – 10% |
| Justin Mark Miller | Vice President And Director Of Individual Asset Management & Director | CFA | Feb 2015 (12y) | 5% – 10% |
| Mairs, Robert, William | Chief Executive Officer & President | Sep 2015 (11y) | 5% – 10% | |
| Gilbertson, Melissa, Mary Elizabeth | Chief Operating Officer | Apr 2022 (4y) | Less than 5% | |
| Odegaard, Luke, Andrew | Treasurer | May 2022 (4y) | Less than 5% | |
| Christopher Douglas Strom | Investment Manager | CFA | Dec 2022 (4y) | 5% – 10% |
| Thompson, Robert, Wayne | Vice President, Director Of Fixed Income | Dec 2022 (4y) | 5% – 10% | |
| Howard, Scott, Dean | Vice President And Investor Relations Manager | Jul 2023 (3y) | 5% – 10% | |
| Williams, Brent, Michael | Chief Compliance Officer | Oct 2024 (2y) | Less than 5% | |
| Patrick John Farley | Registered representative | CFA | Oct 2018 (8y) | |
| Lisa Johnson Kelly | Registered representative | Mar 2023 (3y) | ||
| Kimberley Ste. Marie Becker | Registered representative | Dec 2023 (3y) | ||
| Ryan Trebil | Registered representative | CFA | Jan 2025 (2y) | |
| Chad Michael Kilmer | Registered representative | CFA | Jan 2025 (2y) | |
| Hilary J Sweeney | Registered representative | CFP | Jan 2025 (2y) | |
| Michael Christopher Marzolf | Registered representative | Mar 2025 (1y) | ||
| Michelle Warren | Registered representative | CFA | Mar 2025 (1y) | |
| Brent Steven Miller | Registered representative | CFA | May 2025 (1y) | |
| Danelle Nora Fiman | Registered representative | Jan 2026 (1y) | ||
| Paul J Pearce | Registered representative | CFP | Jan 2026 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Mark L. Henneman Revocable Trust | Shareholder | Dec 2013 | A | 5% – 10% |
Undisclosed: 0% – 45% of the firm is not attributable from the filed Schedule A bands.
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.
Private funds (1, $19.2M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Mairs & Power Ventures Fund I, Lp | Venture Capital Fund | $19.2M | $250K | 58 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (13)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Minnesota Elevator, Inc. Employee Stock Ownership Plan | Minnesota Elevator, Inc | 146 | $74.0M | 01/01/2024 |
| Bac 1 Supplemental Retirement Fund | Board Of Trustees Of Bac Local 1 Supplemental Retirement Fund | 345 | $15.2M | 01/01/2024 |
| Best & Flanagan Llp 401(k) Profit Sharing Plan | Best & Flanagan Llp | 80 | $68.7M | 01/01/2024 |
| Bar & Restaurant And On Sale Pension Plan | Joint Board Of Trustees Of Local 17 | 236 | $9.8M | 01/01/2024 |
| Old Dutch Foods Inc Country Salesmen Pension Plan | Old Dutch Foods, Inc | 110 | $19.8M | 01/01/2024 |
| Minnesota Laborers Pension Fund | Board Of Trustees Of Minnesota Laborers Pension Fund | 10,758 | $3.2B | 01/01/2024 |
| C. S. Davidson, Inc. Employee Stock Ownership Plan | C. S. Davidson, Inc. | 69 | $9.0M | 01/01/2024 |
| Plumbers & Steamfitters Local 83 Pension Fund | Plumbers & Steamfitter Local 83 | 275 | $55.1M | 01/01/2024 |
| Minnesota Bakers Union Pension Plan | Minnesota Bakers Union Pension Plan | 848 | $227M | 01/01/2024 |
| Old Dutch Foods Office And Administrative Pension Plan | Old Dutch Foods Inc | 106 | $33.0M | 01/01/2024 |
| District Council 82 Painting Industry Pension Plan | Trustees Of District Council 82 Painting Industry Pension Plan | 920 | $319M | 01/01/2024 |
| Tradehome Shoe Stores, Inc. Profit Sharing Plan | Tradehome Holdings, Inc. | 405 | $36.8M | 01/01/2024 |
| Minnesota & North Dakota Bricklayers And Allied Craftworkers Pension Fund | Trustees Of Minnesota & North Dakota Bricklayers & Allied Craftworkers | 1,310 | $481M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/20/2026 | 1.45 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
- • Fixed fees
- • Performance-based fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Educational seminars/workshops
Custody
Reported custodians
- Charles Schwab & Co. $3.7B (30% of AUM) Apr 2026
- Sei Investments Distribution Co. $631M (5% of AUM) Apr 2026
- Union Bank & Trust Company $445M (5% of AUM) Jan 2024
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: Apr 20, 2026.
View current Form ADV (SEC/IAPD) ↗