Market appreciation alone doesn't explain the continuing growth of the RIA channel. Overall, there was a 21% increase in the total assets under management of all included firms in the InvestmentNews RIA Data Center, from $1.1 trillion at the same time in 2014 to $1.3 trillion this year. Ten states in particular saw asset growth of over 40% — Massachusetts, Texas, Maryland, Virginia, Missouri, Tennessee, New Hampshire, Utah, Nevada and South Dakota — while no others saw growth of over 30%. Below, we've prepared a map to demonstrate exactly where the wealth is spread out across the country, as well as the top fee-only RIAs in each state.
We just completed our first of two yearly updates to our RIA Data Center, which, using SEC data, tracks all fee-only investment advisers in the RIA space. This is the more important update of the two we conduct, as the SEC requires all firms to file an annual update of their Form ADV Part 2 within 120 days of their fiscal yearend – typically culminating in a rash of updates in the spring. Our fall update detects significantly less change in the makeup of the database.
The biggest firms that appear in our database account for a combined $300 billion in assets under management. That's 23% of the total AUM among all 1,600+ fee-only RIAs in our database – making them true RIA giants. The list:
A new JPMorganChase Institute report reveals how deeply stock market wealth now drives everyday American spending, especially for retirees.
A survey of 507 solo agers finds most lack confidence in their plans and that systems, not just individuals, need to change.
A new Schroders survey exposes a widening gap between what Americans expect in retirement and what they're actually on track to receive.
Two wealthtech providers are handing advisors the controls, letting firms design their own workflows and AI agents in plain language.
Edwin Lickiss earlier admitted that he defrauded at least 93 victims of over $9.5 million from 1998 through 2024.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
