Top fee-only RIAs with 500+ financial planning clients
Rank Firm Total assets ($M) Total accounts Discretionary assets ($M) Discretionary accounts Nondiscretionary…
Rank | Firm | Total assets ($M) | Total accounts | Discretionary assets ($M) | Discretionary accounts | Nondiscretionary assets ($M) | Nondiscretionary accounts | Financial planning clients |
---|---|---|---|---|---|---|---|---|
1 | Ronald Blue & Co. LLC | $7,296.3 | 16,202 | $6,422.2 | 15,917 | $874.1 | 285 | 2,000 |
2 | Johnson Investment Counsel Inc. | $7,234.8 | 8,083 | $7,234.8 | 8,083 | $0.0 | 0 | 3,000 |
3 | KLS Professional Advisors Group LLC | $4,915.7 | 8,260 | $4,224.4 | 5,760 | $691.3 | 2,500 | 1,000 |
4 | Mercer Global Advisors Inc. | $4,261.0 | 15,096 | $4,162.6 | 13,886 | $98.4 | 1,210 | 3,800 |
5 | Wetherby Asset Management | $3,392.5 | 2,803 | $3,231.7 | 2,723 | $160.9 | 80 | 500 |
6 | Savant Capital Management | $2,910.0 | 2,849 | $2,881.1 | 2,848 | $28.8 | 1 | 1,500 |
7 | RMB Capital Management | $2,657.4 | 9,576 | $2,383.3 | 8,134 | $274.1 | 1,442 | 1,000 |
8 | Homrich Berg | $2,565.0 | 4,096 | $2,078.7 | 3,951 | $486.3 | 145 | 800 |
9 | Bingham, Osborn & Scarborough LLC | $2,454.1 | 2,834 | $2,141.8 | 2,572 | $312.3 | 262 | 1,000 |
10 | Regentatlantic | $2,330.0 | 1,510 | $2,305.0 | 1,310 | $25.0 | 200 | 1,000 |
11 | Balasa Dinverno Foltz LLC | $2,305.6 | 3,641 | $2,183.6 | 3,592 | $122.0 | 49 | 1,000 |
12 | R.M. Davis Inc. | $2,274.4 | 3,597 | $2,260.1 | 3,589 | $14.3 | 8 | 1,000 |
13 | Atherton Lane Advisers LLC | $2,268.9 | 686 | $2,120.2 | 669 | $148.6 | 17 | 700 |
14 | Inverness Counsel LLC | $2,249.6 | 1,029 | $2,181.4 | 872 | $68.2 | 157 | 1,200 |
15 | Plancorp LLC | $1,877.9 | 4,153 | $1,868.3 | 4,129 | $9.6 | 24 | 700 |
16 | Brighton Jones LLC | $1,832.8 | 705 | $1,765.1 | 703 | $67.7 | 2 | 700 |
17 | Jmg Financial Group Ltd. | $1,532.7 | 1,896 | $1,462.7 | 1,782 | $69.9 | 114 | 500 |
18 | Mainstay Capital Management LLC | $1,400.5 | 3,426 | $1,400.5 | 3,426 | $0.0 | 0 | 2,500 |
19 | EP Wealth Advisors | $1,345.0 | 3,849 | $1,240.0 | 3,558 | $105.0 | 291 | 1,000 |
20 | Parsec Financial Management Inc. | $1,283.2 | 4,022 | $1,183.4 | 3,809 | $99.8 | 213 | 1,000 |
21 | Fort Pitt Capital Group Inc. | $1,235.5 | 2,551 | $1,229.2 | 2,492 | $6.3 | 59 | 1,300 |
22 | TCI Wealth Advisors, Inc. | $1,221.7 | 4,611 | $1,218.8 | 4,576 | $2.9 | 35 | 1,000 |
23 | Valeo Financial Advisors LLC | $1,180.3 | 2,643 | $19.5 | 34 | $1,160.8 | 2,609 | 700 |
24 | Cain, Watters & Associates PLLC | $1,166.8 | 4,970 | $0.0 | 0 | $1,166.8 | 4,970 | 1,400 |
25 | Pinnacle Advisory Group Inc. | $1,029.1 | 2,639 | $1,029.1 | 2,639 | $0.0 | 0 | 700 |
*Rankings are based on unrounded figures. Based on the 50 largest fee-only RIAs with over 500 financial planning clients. InvestmentNews qualified firms headquartered in the United States based on data reported on Form ADV to the Securities and Exchange Commission as of May 1. To qualify, firms must have met the following criteria: (1) Latest ADV filing date is either on or after Jan. 1, 2012. (2) Total AUM is at least $100M. (3) Does not have employees who are registered representatives of a broker-dealer. (4) Provided investment advisory services to clients during its most recently completed fiscal year. (5) No more than 50% of regulatory assets under management is attributable to pooled investment vehicles (other than investment companies). (6) No more than 25% of regulatory assets under management is attributable to pension and profit-sharing plans (but not the plan participants). (7) No more than 25% of regulatory assets under management is attributable to corporations or other businesses. (8) Does not receive commissions. (9) Provides financial planning services. (10) Is not actively engaged in business as a broker-dealer (registered or unregistered). (11) Is not actively engaged in business as a registered representative of a broker-dealer. (12) Has neither a related person who is a broker-dealer/municipal securities dealer/government securities broker or dealer (registered or unregistered) nor one who is an insurance company or agency. Visit data.investmentnews.com/ria for more-complete profiles and financials. Contact the InvestmentNews Data team at [email protected] for more information. |
Source: InvestmentNews Data
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