Numbers Game

Numbers Gameblog

Latest research and trends from around the financial advisory business, updated regularly highlighting stats, charts, infographics and all things data.

Largest fee-only RIAs by region, based on assets under management

InvestmentNews Research sorted through Form ADVs to rank the top independent firms in the Northeast, Midwest, South and West

Dec 9, 2017 @ 6:00 am

By InvestmentNews Research

Northeastern success stories

Rank Firm Phone/website Total assets ($M) Total accounts Discretionary assets ($M) Discretionary accounts Nondiscretionary assets ($M) Nondiscretionary accounts Employees
1 Silvercrest Asset Management Group (212) 649-0600 $33,114.9 1,096 $13,801.5 1,070 $19,313.5 26 120
1330 Avenue of the Americas, 38th floor silvercrestgroup.com
New York, NY 10019
2 Veritable (610) 640-9551 $14,044.8 2,976 $13,558.9 2,812 $485.9 164 84
6022 W. Chester Pike veritablelp.com
Newtown Square, PA 19073
3 BBR Partners (212) 313-9870 $12,484.2 2,900 $10,357.5 2,700 $2,126.7 200 90
2 Grand Central Tower, 140 E. 45th St., 26th floor bbrpartners.com
New York, NY 10017
4 Summit Rock Advisors (212) 993-7150 $11,815.3 109 $5,368.4 72 $6,446.8 37 53
9 W. 57th St., 12th floor summit-rock.com
New York, NY 10019
5 Rockefeller & Co. Inc. (212) 549-5100 $10,328.7 2,830 $10,158.5 2,700 $170.1 130 151
10 Rockefeller Plaza rockco.com
New York, NY 10020
6 Anchor Capital Advisors (617) 338-3800 $8,768.3 25,970 $3,427.4 5,406 $5,340.9 20,564 49
1 Post Office Square anchorcapital.com
Boston, MA 02109
7 Appleton Partners Inc. (617) 338-0700 $8,279.7 5,558 $8,279.7 5,558 $0.0 0 45
1 Post Office Square, 6th floor appletonpartners.com
Boston, MA 02109
8 TAG Associates (212) 275-1500 $8,264.5 1,231 $351.3 65 $7,913.2 1,166 67
810 Seventh Ave., 7th floor tagassoc.com
New York, NY 10019
9 Tiedemann Wealth Management (212) 396-5900 $8,224.7 438 $5,313.2 337 $2,911.6 101 60
520 Madison Ave., 26th floor tiedemannwealth.com
New York, NY 10022
10 Boston Private Wealth (617) 223-0200 $6,742.1 6,285 $6,343.0 6,119 $399.0 166 116
1 Federal St., 30th floor bostonprivatewm.com
Boston, MA 02110
11 Evercore Wealth Management (212) 822-7620 $6,473.9 2,605 $6,412.6 2,564 $61.3 41 75
55 E. 52nd St., 23rd floor evercorewealthmanagement.com
New York, NY 10055
12 Ballentine Partners (781) 341-1300 $6,397.1 3,803 $3,155.5 1,835 $3,241.5 1,968 68
230 Third Ave., Suite 6 ballentinepartners.com
Waltham, MA 02451
13 Loring Wolcott & Coolidge Fiduciary Advisors (617) 523-6531 $6,153.3 2,811 $5,956.5 2,773 $196.8 38 95
230 Congress St. lwcotrust.com
Boston, MA 02110
14 Pinnacle Associates (212) 652-3200 $6,098.2 4,026 $6,098.2 4,026 $0.0 0 50
335 Madison Ave., Suite 1100 pinnacleinsights.org
New York, NY 10017
15 KLS Professional Advisors Group (212) 355-0346 $5,575.2 8,704 $5,013.7 5,636 $561.5 3,068 45
1325 Avenue of the Americas, 14th floor klsadvisors.com
New York, NY 10019

Midwestern success stories

Rank Firm Phone/website Total assets ($M) Total accounts Discretionary assets ($M) Discretionary accounts Nondiscretionary assets ($M) Nondiscretionary accounts Employees
1 Brownson Rehmus & Foxworth (312) 346-5850 $10,273.1 455 $0.0 0 $10,273.1 455 53
200 S. Wacker Drive, Suite 2300 brfadvisors.com
Chicago, IL 60606
2 Johnson Investment Counsel Inc. (513) 661-3100 $9,109.8 8,650 $9,109.8 8,650 $0.0 0 109
3777 W. Fork Road johnsoninv.com
Cincinnati, OH 45247
3 Bahl & Gaynor Inc. (513) 287-6100 $9,087.9 2,049 $8,513.5 1,995 $574.4 54 19
255 East Fifth St., Suite 2700 bahl-gaynor.com
Cincinnati, OH 45202
4 RMB Capital Management (312) 993-5800 $7,284.5 13,231 $6,599.8 10,962 $684.7 2,269 183
115 S. LaSalle, 34th floor rmbcap.com
Chicago, IL 60603
5 FCI Advisors (800) 615-2536 $7,203.2 10,437 $6,266.0 9,168 $937.2 1,269 60
5901 College Blvd., Suite 110 fciadvisors.com
Overland Park, KS 66211
6 Gresham Partners (312) 960-0200 $5,650.4 896 $3,268.7 141 $2,381.8 755 33
333 W. Wacker Drive, Suite 700 greshampartners.com
Chicago, IL 60606
7 Savant Capital Management (815) 227-0300 $5,359.4 4,315 $5,359.4 4,315 $0.0 0 136
190 Buckley Drive savantcapital.com
Rockford, IL 61107
8 Fiduciary Counselling Inc. (651) 228-0935 $4,776.8 1,410 $2,376.3 1,202 $2,400.5 208 73
2000 Wells Fargo Place, 30 E. 7th St.
St. Paul, MN 55101
9 Zacks Investment Management Inc. (312) 265-9266 $4,201.7 4,636 $4,201.7 4,636 $0.0 0 88
227 W. Monroe St., Suite 4350 zacksim.com
Chicago, IL 60606
10 Orgel Wealth Management (715) 835-6525 $3,993.4 7,186 $3,993.4 7,186 $0.0 0 37
2420 Rivers Edge Drive orgelwealth.com
Altoona, WI 54720
11 Gofen and Glossberg (312) 828-1100 $3,969.6 3,027 $3,694.3 2,918 $275.3 109 27
455 Cityfront Plaza, Suite 3000 gofen.com
Chicago, IL 60611
12 Altair Advisers (312) 429-3000 $3,855.9 616 $939.6 287 $2,916.3 329 47
303 W. Madison St., Suite 600 altairadvisers.com
Chicago, IL 60606
13 Bartlett & Co. (513) 621-4612 $3,578.3 1,181 $3,471.4 1,163 $106.6 18 46
600 Vine St., Suite 2100 bartlett1898.com
Cincinnati, OH 45202
14 Balasa Dinverno Foltz (630) 875-4900 $3,464.9 4,900 $3,464.8 4,900 $0.0 0 39
500 Park Blvd., Suite 1400 bdfllc.com
Itasca, IL 60143
15 Plancorp (636) 532-7824 $3,440.7 5,805 $3,437.6 5,790 $3.2 15 54
540 Maryville Centre Drive, Suite 105 plancorp.com
Saint Louis, MO 63141

Southern success stories

Rank Firm Phone/website Total assets ($M) Total accounts Discretionary assets ($M) Discretionary accounts Nondiscretionary assets ($M) Nondiscretionary accounts Employees
1 Chevy Chase Trust Co. (240) 497-5000 $25,528.2 3,356 $25,528.2 3,356 $0.0 0 83
7501 Wisconsin Ave., 15th floor chevychasetrust.com
Bethesda, MD 20814
2 Edelman Financial Services (703) 818-0800 $17,783.1 76,781 $17,783.1 76,781 $0.0 0 431
4000 Legato Rd., 9th floor edelmanfinancial.com
Fairfax, VA 22033
3 Jasper Ridge Partners (817) 333-0027 $15,254.2 49 $14,823.2 44 $431.0 5 77
201 Main St., Suite 1000 jasperridge.com
Fort Worth, TX 76102
4 Global Financial Private Capital (866) 641-2186 $5,676.4 63,776 $5,676.4 63,776 $0.0 0 387
501 N. Cattlemen Rd., Suite 106 gf-pc.com
Sarasota, FL 34232
5 CV Advisors (305) 358-5990 $5,493.5 553 $528.8 118 $4,964.7 435 38
19495 Biscayne Blvd., Suite 808 cv-advisors.com
Aventura, FL 33180
6 WE Family Offices (305) 825-2225 $5,341.6 70 $0.0 0 $5,341.6 70 43
701 Brickell Ave., Suite 2100 wefamilyoffices.com
Miami, FL 33131
7 Tolleson Private Wealth Management (214) 252-3250 $4,916.6 3,124 $4,738.8 2,933 $177.9 191 69
5500 Preston Rd., Suite 250 tollesonwealth.com
Dallas, TX 75205
8 Homrich Berg (404) 264-1400 $4,499.7 6,132 $4,129.7 6,011 $370.1 121 79
1 Buckhead Plaza, Suite 830; 3060 Peachtree Rd., NW. homrichberg.com
Atlanta, GA 30305-2240
9 Finaccess Advisors (305) 377-1112 $4,354.3 140 $0.0 0 $4,354.2 140 12
1111 Brickell Ave., Suite 2300
Miami, FL 33131
10 WMS Partners (410) 337-7575 $3,876.6 655 $2,712.4 488 $1,164.2 167 50
Towson City Center, 1 Olympic Place, 8th floor wmsfamilyoffice.com
Towson, MD 21204
11 RGT Wealth Advisors (214) 360-7000 $3,851.2 4,366 $3,612.2 4,009 $239.0 357 52
5950 Sherry Lane, Suite. 600 rgtadvisors.com
Dallas, TX 75225
12 Signature Family Wealth Advisors (757) 625-7670 $3,542.5 1,049 $3,542.5 1,049 $0.0 0 39
World Trade Center, 101 W. Main St., Suite 700 signaturefamilywealth.com
Norfolk, VA 23510
13 South Texas Money Management (210) 824-8916 $3,023.9 3,001 $2,918.3 2,951 $105.6 50 61
700 N. St. Mary's St., Suite 100 stmmltd.com
San Antonio, TX 78205
14 Sullivan Bruyette Speros & Blayney (703) 734-9300 $2,937.0 955 $2,937.0 955 $0.0 0 51
8444 Westpark Drive, Suite 610 sbsbllc.com
McLean, VA 22102
15 Wilbanks Smith & Thomas Asset Management (757) 623-3676 $2,684.0 3,984 $2,645.0 3,961 $38.9 23 34
150 W. Main St., Suite 1700 wstam.com
Norfolk, VA 23510

Western success stories

Rank Firm Phone/website Total assets ($M) Total accounts Discretionary assets ($M) Discretionary accounts Nondiscretionary assets ($M) Nondiscretionary accounts Employees
1 Financial Engines Advisors (408) 498-6000 $138,000.0 1,166,541 $138,000.0 1,166,54 $0.00 0 908
1050 Enterprise Way, 3rd floor financialengines.com
Sunnyvale, CA 94089
2 Fisher Investments (800) 851-8845 $71,789.7 65,848 $71,789.7 65,848 $0.0 0 1,359
5525 NW. Fisher Creek Drive fisherinvestments.com
Camas, WA 98607
3 Hall Capital Partners (415) 288-0544 $32,625.8 168 $7,401.5 49 $25,224.3 119 137
One Maritime Plaza, Suite 500 hallcapital.com
San Francisco, CA 94111
4 Aperio Group (415) 339-4300 $15,619.6 3,031 $15,619.6 3,031 $0.0 0 68
Three Harbor Drive, Suite 315 aperiogroup.com
Sausalito, CA 94965
5 Kayne Anderson Rudnick Investment Management (310) 556-2721 $12,775.2 19,454 $10,720.3 12,559 $2,054.9 6,895 86
1800 Avenue of the Stars, 2nd floor kayne.com
Los Angeles, CA 90067
6 Comprehensive Financial Management (408) 358-3316 $10,981.0 33 $10,981.0 33 $0.0 0 27
720 University Ave., Suite 200
Los Gatos, CA 95032
7 Aspiriant (415) 371-7800 $10,532.4 8,510 $8,434.2 7,178 $2,098.3 1,332 156
11100 Santa Monica Blvd., Suite 600 aspiriant.com
Los Angeles, CA 90025
8 Mercer Global Advisors Inc. (800) 258-1559 $10,058.0 23,813 $9,573.9 22,314 $484.0 1,499 150
1801 East Cabrillo Blvd. merceradvisors.com
Santa Barbara, CA 93108
9 Scharf Investments (831) 429-6513 $5,285.1 2,549 $5,285.1 2,549 $0.0 0 23
5619 Scotts Valley Drive, Suite 140 scharfinvestments.com
Scotts Valley, CA 95066
10 Litman Gregory Asset Management (925) 254-8999 $4,897.8 1,207 $1,382.7 1,202 $3,515.1 5 63
1676 N. California Blvd., Suite 500 lgportfolios.com
Walnut Creek, CA 94596
11 Ferguson Wellman Capital Management Inc. (503) 226-1444 $4,561.2 2,255 $4,561.2 2,255 $0.0 0 46
888 SW. 5th Ave., Suite 1200 fergusonwellman.com
Portland, OR 97204
12 Churchill Management Group (323) 937-7110 $4,506.1 14,014 $4,401.4 13,569 $104.7 445 55
5900 Wilshire Blvd., Suite 400 churchillmanagement.com
Los Angeles, CA 90036
13 Personal Capital Advisors Corp. (415) 800-5922 $4,344.4 30,357 $4,344.4 30,357 $0.0 0 152
250 Montgomery St., Suite 700 personalcapital.com
San Francisco, CA 94104
14 Wetherby Asset Management (415) 399-9159 $4,292.0 3,506 $4,089.0 3,417 $203.0 89 65
580 California St., 8th floor wetherby.com
San Francisco, CA 94104
15 Seven Post Investment Office (415) 341-9300 $4,163.6 554 $3,948.6 499 $215.0 55 16
1 Montgomery St., Suite 3150 sevenpost.com
San Francisco, CA 94104
InvestmentNews qualified 1,937 firms headquartered in the United States based on data reported on Form ADV to the Securities and Exchange Commission as of Nov. 1, 2017. To qualify, firms must have met the following criteria: (1) latest ADV filing date is either on or after Jan. 1, 2016, (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 amount of regulatory assets under management is attributable to pooled investment vehicles (other than investment companies), (6) no more than 25% of amount of regulatory assets under management is attributable to pension and profit-sharing plans (but not the plan participants), (7) no more than 25% of amount 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.
Source: InvestmentNews Data

0
Comments

What do you think?

View comments

Recommended for you

Featured video

INTV

Why some retirement plan advisers think Fidelity is invading their turf

InvestmentNews editor Frederick P. Gabriel Jr. and reporter Greg Iacurci talk about this week's cover story that looks at whether Fidelity Investments is stepping on the toes of retirement plan advisers.

Latest news & opinion

Maryland jumps into fiduciary fray with legislation requiring brokers to act in best interests of clients

Legislation requires brokers to act in the best interests of clients.

8 apps advisers love for getting stuff done

Smartphone apps that advisers are using in 2018 to run their business more efficiently.

Galvin's DOL fiduciary rule enforcement triggers industry plea for court decision

Plaintiffs warned the Fifth Circuit that Massachusetts' move against Scottrade signaled that the partially implemented regulation can raise costs for financial firms.

Social Security underpaid 82% of dually entitled widows and widowers

Agency failed to tell survivors that they could switch to a higher retirement benefit later.

Is Fidelity competing with retirement plan advisers?

As the Boston-based mutual fund giant expands the products and services it brings to the retirement market, some financial advisers say the firm is encroaching on their turf.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print