CallataGuidesBusiness phone system for investment advice firms in North Dakota
71 investment advice firms operated in North Dakota in 2023. Where they are, how big their teams are, and what phone service costs them.
- Establishments
- 71CBP 2023
- Per 100k residents
- 8.9U.S. 6.9
- State rank
- 43rd of 51by count
How many investment advice firms operate in North Dakota
North Dakota had 71 investment advice firms in 2023, according to Census County Business Patterns (NAICS 523930, Investment Advice). That is the 43rd highest count among the 51 states and DC with published figures. Investment advice firms make up 0.28% of the 25,402 business establishments in the state.
Per 100,000 residents (2024 estimate) North Dakota has 8.9 investment advice firms, 29.8% above the national rate of 6.9.
| Measure | North Dakota | United States |
|---|---|---|
| Establishments | 71 | 23,359 |
| Mid-March employees | 121 (high noise) | 110,125 |
| Annual payroll | $8,454,000 | $18,481,170,000 |
| Employees per establishment | — | 4.7 |
| Payroll per employee | — | $167,820 |
| Establishments per 100,000 residents | 8.9 | 6.9 |
Census County Business Patterns 2023 (mid-March employment; annual payroll). Employees and payroll flagged high-noise are shown but not used in the text. Residents: Census Vintage 2024 estimates.
Investment advice firms by metro area in North Dakota
Census published financial advisory firm counts for 5 metro or micropolitan areas that include part of North Dakota. The largest is Fargo, ND-MN, with 26 establishments (a multi-state area; its count covers every state it spans). Single-state metro and micropolitan areas account for 42% of the statewide total; the rest are outside any published area or in areas Census suppressed.
| Area | Establishments | Employees | Per 100k residents |
|---|---|---|---|
| Fargo, ND-MN | 26 | 47 | 9.7 |
| Bismarck, ND | 19 | — | 13.7 |
| Minot, ND | 6 | — | 7.9 |
| Williston, ND | 5 | 6 | 12.3 |
| Grand Forks, ND-MN | 4 | — | 3.8 |
Source: Census County Business Patterns 2023; population from Census Vintage 2024 estimates.
Team sizes at investment advice firms in North Dakota
95.8% of North Dakota's investment advice firms with employees had fewer than five people in March 2023, compared with 84.5% nationally. 100.0% had fewer than ten. That is the size of team where a missed call usually means nobody was free, not that nobody was on staff.
| Employment size | Establishments | Share | U.S. share |
|---|---|---|---|
| 1–4 employees | 68 | 95.8% | 84.5% |
| 5–9 employees | 3 | 4.2% | 9.4% |
| 10–19 employees | not published | — | 3.4% |
| 20–49 employees | not published | — | 1.7% |
| 50 or more employees | 0 | 0.0% | 1.1% |
Employment-size classes count establishments by mid-March 2023 employment. Establishments with no March employees are excluded from the size classes, so shares are of establishments with employees. Source: Census County Business Patterns 2023.
Why the phone matters for investment advice firms in North Dakota
Advisory firms build long relationships, so the phone experience reflects on the practice. Clients call about market moves, transfers and planning meetings, and those conversations often need to be documented. That holds for investment advice firms in North Dakota as much as anywhere.
A few of the calls that come in to investment advice firms in North Dakota:
- A prospect calls after a referral from a friend.
- A client calls to schedule an annual review.
- The firm calls a client to confirm a distribution request.
Calls after closing time
After-hours calls are usually meeting or document requests that can be returned the next business day.
Callata voicemail is transcribed and triaged for urgency, and business-hours routing decides where calls go once you close.
What a phone system costs a financial advisory firm in North Dakota
The comparison uses a 5-person team, the rounded U.S. average for investment advice firms. Per-seat business phone plans bill every one of those people. At month-to-month list prices checked September 28, 2026, 5 users on RingCentral RingEX Core cost $150.00 a month and 5 on Ooma Office Pro cost $124.75. On Callata the same 5 people cost $99.00 a month, less than either per-seat plan.
The annual difference against RingCentral's monthly list price comes to $612. Some vendors discount annual contracts; the table shows month-to-month prices.
| Provider (plan) | Pricing basis | Per month | Per year |
|---|---|---|---|
| Callata (Callata Office) | $99 incl. 5 users, $20 per extra user | $99.00 | $1,188.00 |
| Quo (Starter) | $19.00 per user | $95.00 | $1,140.00 |
| Nextiva (Core) | $23.00 per user | $115.00 | $1,380.00 |
| Ooma (Office Pro) | $24.95 per user | $124.75 | $1,497.00 |
| Dialpad (Standard) | $27.00 per user | $135.00 | $1,620.00 |
| RingCentral (RingEX Core) | $30.00 per user | $150.00 | $1,800.00 |
Competitor prices are each vendor's published month-to-month list price per user for its lowest plan that includes business calling and texting, checked September 28, 2026: Quo Starter $19, Nextiva Core $23, Ooma Office Pro $24.95 (Essentials excludes texting; one-time $29.95 activation not included), Dialpad Standard $27, RingCentral RingEX Core $30 ($20 billed annually). Prices exclude taxes and fees and may change; annual contracts lower some competitors' prices.
Area codes in North Dakota
North Dakota has 1 geographic area code in service according to NANPA. You can choose local numbers in the area codes your clients know, subject to carrier inventory, or port your current number for free.
| Area code | Exchanges | Time zone | In service since | Overlay with |
|---|---|---|---|---|
| 701 | 743 | Central and Mountain | 1947 | none |
Exchanges are NANPA-assigned central office codes (NPA-NXX) in the rate centers matched to the area's named places. Source: NANPA utilized code and NPA reports.
How Callata works for investment advice firms in North Dakota
Callata Office costs $99 per month for up to 5 people, and each additional user is $20 a month. That covers up to 3 local numbers, calling from a browser or your cell, transcribed voicemail, recorded calls with AI summaries, after-hours routing and E911 on each number.
If you already have a number in North Dakota, porting it to Callata is free. Texting from a local number requires a one-time carrier registration (10DLC, $49), and the numbers available in any area code depend on carrier inventory when you choose them.
Optional AI agents (receptionist, sales, support or scheduler) can answer calls after hours or when nobody picks up, take messages, text, email and transfer to your team. They are billed from prepaid AI minutes at $0.25 per minute, identify themselves as AI, and may only place outbound calls to people who consented, between 8am and 9pm.
Registered firms should check their books-and-records obligations before texting clients about accounts.
Frequently asked questions
How many investment advice firms are in North Dakota?
71 in 2023, according to Census County Business Patterns.
Which North Dakota metro area has the most investment advice firms?
Fargo, ND-MN, with 26 establishments in 2023.
What does a phone system cost a 5-person financial advisory firm?
$150.00 a month on RingCentral RingEX Core or $124.75 on Ooma Office Pro at month-to-month list prices (checked September 28, 2026); $99.00 on Callata ($99 a month with 5 users included, then $20 per additional user).
Do I need to register to text customers from a North Dakota number?
Yes. US carriers require business texting from local numbers to be registered (10DLC). On Callata the registration is a one-time $49 fee, and texting turns on once it is approved.