Gradient Investments, Llc
SEC-registered
Wealth Manager · Mid-sized ($1B–$10B)
CRD 141726
· SEC file 801-70812
· Arden Hills, MN
· WWW.GRADIENTINVESTMENTS.COM
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ADV data as of Jun 24, 2026
- Regulatory AUM
- $8.2B
- Discretionary
- $8.2B
- Clients
- 26,563
- Avg AUM / client
- $309K
- Accounts
- 77,311
- Employees
- 41
AUM over time
$177M
$8.2B
Nov 2011
Jun 2026
Annual snapshots from Form ADV filings · as of Jun 24, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 24,859 | $5.4B | 65.5% |
| High net worth individuals | 1,701 | $2.8B | 34.5% |
| Pension and profit sharing plans | 3 | $4.0M | 0.05% |
People (35)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Lucius, Brian, Charles | Member | May 2013 (13y) | ≈ 2.5% – 12.5% via Luson Capital, Llc | |
| Lucius, Chaz, Harrison | Member | May 2013 (13y) | ≈ 2.5% – 12.5% via Luson Capital, Llc | |
| Lucius, Cruz, Edward | Member | May 2013 (13y) | ≈ 2.5% – 12.5% via Luson Capital, Llc | |
| Nicole Shelton Alexander | Chief Compliance Officer | Nov 2013 (13y) | Less than 5% | |
| Michael Arthur Binger | President | CFA | Jul 2018 (8y) | Less than 5% |
| Lucius, Nathan, Edward | Trustee | Dec 2020 (6y) | ≈ 7.5% – 25% via The Nathan E. Lucius Revocable Trust | |
| Lucius, Charles, Edward | Trustee | Mar 2023 (3y) | ≈ 56.25% – 100% via Charles E. Lucius Arizona Separate Property Revocable Trust | |
| Douglas Victor Amis | Registered representative | CFP | Jul 2013 (13y) | |
| Jonathan Adam Vanorden | Registered representative | Dec 2013 (13y) | ||
| Charles Creig Foss | Registered representative | Dec 2015 (11y) | ||
| Thomas Henri Braun | Registered representative | Aug 2018 (8y) | ||
| Keith Daniel Gangl | Registered representative | CFA | Jan 2019 (8y) | |
| Matthew Phillip Anderson | Registered representative | Feb 2019 (7y) | ||
| Dwon Lee Clifton | Registered representative | Mar 2019 (7y) | ||
| Andrew Paul Fischer | Registered representative | Nov 2019 (7y) | ||
| Donald Raymond Delaria, Jr. | Registered representative | Jul 2021 (5y) | ||
| Mark Brian Fricks | Registered representative | Apr 2022 (4y) | ||
| Ernesto De La Torre Marin | Registered representative | Jun 2022 (4y) | ||
| Jenna Lee Cairns | Registered representative | Feb 2023 (3y) | ||
| Kimberly Elizabeth Johnson | Registered representative | Sep 2023 (3y) | ||
| Cheryl Lynn Mccarthy | Registered representative | Oct 2024 (2y) | ||
| Dominic Schultz Boggio | Registered representative | Mar 2025 (1y) | ||
| William James Roach | Registered representative | May 2025 (1y) | ||
| Abbey Recser | Registered representative | Oct 2025 (1y) | ||
| Brittany Danielson | Registered representative | Oct 2025 (1y) | ||
| John Michael Ingham | Registered representative | Dec 2025 (1y) | ||
| Tyler Patrick Ellegard | Registered representative | CFA | Jan 2026 (1y) | |
| Michael William Hughes | Registered representative | Feb 2026 (0y) | ||
| Carter Mc Graw | Registered representative | Mar 2026 (0y) | ||
| Felipe Baeza Correa | Registered representative | Mar 2026 (0y) | ||
| Paul Jacob Howland | Registered representative | Mar 2026 (0y) | ||
| Sean Fredrich Stevenson | Registered representative | Apr 2026 (0y) | ||
| Nicholas Alexander Wellbrock | Registered representative | Jun 2026 (0y) | ||
| Paige Fraasch | Registered representative | Jun 2026 (0y) | ||
| Thomas John Klein | Registered representative | CFA | Jun 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Charles E. Lucius Arizona Separate Property Revocable Trust | Member | Mar 2023 | A | 75% or more |
| The Nathan E. Lucius Revocable Trust | Member | Mar 2022 | A | 10% – 25% |
| Luson Capital, Llc | Member | Apr 2022 | A | 10% – 25% |
Undisclosed: 0% – 5% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Lucius, Brian, Charles: 25% – 50% of Luson Capital, Llc × 10% – 25% direct ≈ 2.5% – 12.5% of the firm
- Lucius, Chaz, Harrison: 25% – 50% of Luson Capital, Llc × 10% – 25% direct ≈ 2.5% – 12.5% of the firm
- Lucius, Cruz, Edward: 25% – 50% of Luson Capital, Llc × 10% – 25% direct ≈ 2.5% – 12.5% of the firm
- Lucius, Nathan, Edward: 75% – 100% of The Nathan E. Lucius Revocable Trust × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Lucius, Charles, Edward: 75% – 100% of Charles E. Lucius Arizona Separate Property Revocable Trust × 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.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/24/2026 | 1.28 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
This firm answered "yes" to a disciplinary item on its latest filing. Detailed disclosure pages for this filing have not been imported yet — see the source filing below.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
Custody
Reported custodians
- Charles Schwab & Co. $8.2B (100% of AUM) Jun 2026
- Shareholders Service Group, Inc. $13.1M (0% of AUM) Mar 2025
- Pershing $9.0M (0% of AUM) Jan 2026
- U.S. Bank $4.0M (0% of AUM) Mar 2025
- Newport Group, Inc. $3.8M (0% of AUM) Oct 2025
- Nationwide Advisory Solutions $3.8M (0% of AUM) Jan 2026
- Nationwide Securities, Llc $3.2M (0% of AUM) Jan 2023
- Newport Group Securities, Inc. $2.5M (0% of AUM) Jan 2023
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have 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: Jun 24, 2026.
View current Form ADV (SEC/IAPD) ↗