The InvestmentNews RIA Data Center qualified over 1,900 fee-only registered investment advisory firms. For more information, please contact [email protected]. Visit data.InvestmentNews.com/ria/ for more-complete profiles and interactive rankings.
Total | Discretionary | Nondiscretionary | ||||||
---|---|---|---|---|---|---|---|---|
Rank | Firm | assets ($M) | accounts | assets ($M) | accounts | assets ($M) | accounts | Employees |
1 | Financial Engines Advisors | $138,000.0 | 1,166,541 | $138,000.0 | 1,166,541 | $0.0 | 0 | 908 |
2 | Fisher Investments | $71,789.7 | 65,848 | $71,789.7 | 65,848 | $0.0 | 0 | 1,359 |
3 | Silvercrest Asset Management Group | $33,114.9 | 1,096 | $13,801.4 | 1,070 | $19,313.5 | 26 | 120 |
4 | Hall Capital Partners | $32,625.8 | 168 | $7,401.5 | 49 | $25,224.3 | 119 | 137 |
5 | Chevy Chase Trust Co. | $25,528.2 | 3,356 | $25,528.2 | 3,356 | $0.0 | 0 | 83 |
6 | Edelman Financial Services | $17,783.1 | 76,781 | $17,783.1 | 76,781 | $0.0 | 0 | 431 |
7 | Aperio Group | $15,619.6 | 3,031 | $15,619.6 | 3,031 | $0.0 | 0 | 68 |
8 | Jasper Ridge Partners | $15,254.2 | 49 | $14,823.2 | 44 | $431.0 | 5 | 77 |
9 | Veritable | $14,044.8 | 2,976 | $13,558.9 | 2,812 | $485.9 | 164 | 84 |
10 | Kayne Anderson Rudnick | $12,775.2 | 19,454 | $10,720.3 | 12,559 | $2,054.9 | 6,895 | 86 |
11 | BBR Partners | $12,484.2 | 2,900 | $10,357.5 | 2,700 | $2,126.7 | 200 | 90 |
12 | Summit Rock Advisors | $11,815.2 | 109 | $5,368.4 | 72 | $6,446.8 | 37 | 53 |
13 | Comprehensive Financial Management | $10,981.0 | 33 | $10,981.0 | 33 | $0.0 | 0 | 27 |
14 | Aspiriant | $10,532.4 | 8,510 | $8,434.2 | 7,178 | $2,098.2 | 1,332 | 156 |
15 | Rockefeller & Co. Inc. | $10,328.7 | 2,830 | $10,158.5 | 2,700 | $170.1 | 130 | 151 |
16 | Brownson Rehmus & Foxworth Inc. | $10,273.1 | 455 | $0.0 | 0 | $10,273.1 | 455 | 53 |
17 | Johnson Investment Counsel Inc. | $9,109.8 | 8,650 | $9,109.8 | 8,650 | $0.0 | 0 | 109 |
18 | Bahl & Gaynor Inc. | $9,087.9 | 2,049 | $8,513.4 | 1,995 | $574.4 | 54 | 19 |
19 | Anchor Capital Advisors | $8,768.3 | 25,970 | $3,427.4 | 5,406 | $5,340.9 | 20,564 | 49 |
20 | Appleton Partners Inc. | $8,279.7 | 5,558 | $8,279.7 | 5,558 | $0.0 | 0 | 45 |
21 | TAG Associates | $8,264.5 | 1,231 | $351.3 | 65 | $7,913.2 | 1,166 | 67 |
22 | Tiedemann Wealth Management | $8,224.7 | 438 | $5,313.2 | 337 | $2,911.6 | 101 | 60 |
23 | FCI Advisors | $7,203.2 | 10,437 | $6,266.0 | 9,168 | $937.2 | 1,269 | 60 |
24 | Mercer Global Advisors Inc. | $7,146.9 | 19,881 | $6,859.4 | 18,446 | $287.6 | 1,435 | 122 |
25 | Boston Private Wealth | $6,742.1 | 6,285 | $6,343.0 | 6,119 | $399.0 | 166 | 116 |
26 | Evercore Wealth Management | $6,473.9 | 2,605 | $6,412.6 | 2,564 | $61.3 | 41 | 75 |
27 | Ballentine Partners | $6,397.1 | 3,803 | $3,155.5 | 1,835 | $3,241.5 | 1,968 | 68 |
28 | Pinnacle Associates | $6,098.2 | 4,026 | $6,098.2 | 4,026 | $0.0 | 0 | 50 |
29 | Ronald Blue & Co. | $5,722.0 | 16,212 | $5,615.3 | 15,570 | $106.6 | 642 | 275 |
30 | Global Financial Private Capital | $5,676.4 | 63,776 | $5,676.4 | 63,776 | $0.0 | 0 | 387 |
31 | Gresham Partners | $5,650.4 | 896 | $3,268.7 | 141 | $2,381.8 | 755 | 33 |
32 | KLS Professional Advisors Group | $5,575.2 | 8,704 | $5,013.7 | 5,636 | $561.5 | 3,068 | 45 |
33 | Athena Capital Advisors | $5,498.3 | 471 | $4,884.5 | 408 | $613.7 | 63 | 55 |
34 | WE Family Offices | $5,341.6 | 70 | $0.0 | 0 | $5,341.6 | 70 | 43 |
35 | Scharf Investments | $5,285.1 | 2,549 | $5,285.1 | 2,549 | $0.0 | 0 | 23 |
36 | RMB Capital Management | $5,222.1 | 12,323 | $4,632.6 | 10,084 | $589.5 | 2,239 | 124 |
37 | East End Advisors | $5,187.0 | 27 | $711.1 | 12 | $4,475.9 | 15 | 15 |
38 | CV Advisors | $5,091.3 | 592 | $501.1 | 129 | $4,590.3 | 463 | 35 |
39 | Mill Creek Capital Advisors | $4,981.2 | 319 | $4,409.6 | 310 | $571.7 | 9 | 27 |
40 | Tolleson Private Wealth Management | $4,916.6 | 3,124 | $4,738.8 | 2,933 | $177.9 | 191 | 69 |
41 | Fiduciary Counselling Inc. | $4,776.8 | 1,410 | $2,376.3 | 1,202 | $2,400.5 | 208 | 73 |
42 | Adviser Investments | $4,722.3 | 10,287 | $4,651.3 | 10,006 | $71.1 | 281 | 82 |
43 | Savant Capital Management | $4,671.6 | 4,147 | $4,671.6 | 4,147 | $0.0 | 0 | 136 |
44 | Ferguson Wellman Capital Management Inc. | $4,561.2 | 2,255 | $4,561.2 | 2,255 | $0.0 | 0 | 46 |
45 | Homrich Berg | $4,499.7 | 6,132 | $4,129.7 | 6,011 | $370.0 | 121 | 79 |
46 | Finaccess Advisors | $4,354.2 | 140 | $0.0 | 0 | $4,354.2 | 140 | 12 |
47 | Wetherby Asset Management | $4,292.0 | 3,506 | $4,089.0 | 3,417 | $203.0 | 89 | 65 |
48 | Seven Bridges Advisors | $4,254.6 | 126 | $1,947.0 | 20 | $2,307.6 | 106 | 22 |
49 | Welch & Forbes | $4,244.5 | 2,635 | $3,958.8 | 2,540 | $285.8 | 95 | 52 |
50 | Seven Post Investment Office | $4,163.6 | 554 | $3,948.6 | 499 | $215.0 | 55 | 16 |
2016 Total | Discretionary | Nondiscretionary | |||||||
---|---|---|---|---|---|---|---|---|---|
Rank | Firm | % change | assets ($M) | accounts | assets ($M) | accounts | assets ($M) | accounts | Employees |
1 | Adviser Investments | 125% | $4,722.3 | 10,287 | $4,651.3 | 10,006 | $71.1 | 281 | 82 |
2 | Personal Capital Advisors Corp | 90% | $4,037.7 | 11,398 | $4,037.7 | 11,398 | $0.0 | 0 | |
3 | Tiedemann Wealth Management | 68% | $8,224.7 | 438 | $5,313.2 | 337 | $2,911.6 | 101 | 60 |
4 | Boston Financial Management | 62% | $1,944.9 | 2,016 | $1,890.5 | 1,995 | $54.4 | 21 | 43 |
5 | Buckhead Capital Management | 49% | $1,182.3 | 172 | $925.8 | 158 | $256.6 | 14 | 12 |
6 | Delegate Advisors | 46% | $1,768.0 | 502 | $131.7 | 47 | $1,636.3 | 455 | 11 |
7 | Lake Street Advisors | 46% | $2,658.2 | 1,554 | $909.4 | 651 | $1,748.8 | 903 | 29 |
8 | Regis Management Co. | 45% | $2,081.3 | 47 | $2,081.3 | 47 | $0.0 | 0 | |
9 | RMB Capital Management | 43% | $5,222.1 | 12,323 | $4,632.6 | 10,084 | $589.5 | 2,239 | 124 |
10 | Century Management | 38% | $1,416.7 | 1,189 | $1,416.7 | 1,189 | $0.0 | 0 | |
11 | Exencial Wealth Advisors | 38% | $1,814.7 | 3,006 | $1,588.9 | 2,984 | $225.8 | 22 | 57 |
12 | Arlington Partners | 37% | $1,527.8 | 585 | $930.9 | 512 | $596.9 | 73 | 20 |
13 | Cookson Peirce Wealth Management | 33% | $1,119.1 | 655 | $1,119.1 | 655 | $0.0 | 0 | |
14 | Parallel Advisors | 33% | $1,377.4 | 5,212 | $1,377.4 | 5,212 | $0.0 | 0 | |
15 | Kayne Anderson Rudnick | 33% | $12,775.2 | 19,454 | $10,720.3 | 12,559 | $2,054.9 | 6,895 | 86 |
16 | Reilly Financial Advisors | 32% | $1,023.6 | 3,671 | $966.4 | 3,417 | $57.2 | 254 | 34 |
17 | BakerAvenue | 31% | $1,155.1 | 1,358 | $863.4 | 1,317 | $291.7 | 41 | 19 |
18 | New England Private Wealth Advisors | 31% | $1,552.9 | 2,272 | $1,076.2 | 1,927 | $476.7 | 345 | 16 |
19 | Orgel Wealth Management | 31% | $3,964.9 | 7,049 | $3,256.2 | 6,988 | $708.7 | 61 | 40 |
20 | Columbia Pacific Wealth Management | 28% | $2,582.0 | 774 | $1,447.8 | 296 | $1,134.2 | 478 | 24 |
21 | PagnatoKarp Partners | 28% | $1,513.6 | 2,052 | $1,512.0 | 2,045 | $1.6 | 7 | |
22 | Hartland & Co. | 28% | $3,226.6 | 2,645 | $2,494.8 | 1,827 | $731.9 | 818 | 69 |
23 | RTD Financial Advisors Inc. | 28% | $1,250.2 | 565 | $1,218.5 | 550 | $31.6 | 15 | 30 |
24 | Huber Financial | 27% | $1,220.5 | 4,372 | $1,032.8 | 3,132 | $187.7 | 1,240 | 19 |
25 | WE Family Offices | 26% | $5,341.6 | 70 | $0.0 | 0 | $5,341.6 | 70 | 43 |
Total assets ($M)/ | Discretionary assets ($M)/ | Nondiscretionary assets ($M)/ | |||
---|---|---|---|---|---|
State/top 3 firms | # of fee-only RIAs | market share | market share | market share | |
1 | California | 297 | $384,176.8 | $336,189.2 | $47,987.6 |
1 | Financial Engines Advisors | 35.9% | 41.0% | 0.0% | |
2 | Hall Capital Partners | 8.5% | 2.2% | 52.6% | |
3 | Aperio Group | 4.1% | 4.6% | 0.0% | |
2 | New York | 115 | $174,540.2 | $113,270.7 | $61,269.6 |
1 | Silvercrest Asset Management Group | 19.0% | 12.2% | 31.5% | |
2 | BBR Partners | 7.2% | 9.1% | 3.5% | |
3 | Summit Rock Advisors | 6.8% | 4.7% | 10.5% | |
3 | Washington | 63 | $118,453.3 | $108,308.2 | $10,145.1 |
1 | Fisher Investments | 60.6% | 66.3% | 0.0% | |
2 | Brighton Jones | 3.3% | 3.6% | 0.7% | |
3 | Freestone Capital Management | 3.3% | 3.0% | 6.5% | |
4 | Massachusetts | 101 | $101,527.7 | $85,026.3 | $16,501.4 |
1 | Anchor Capital Advisors | 8.6% | 4.0% | 32.4% | |
2 | Appleton Partners Inc. | 8.2% | 9.7% | 0.0% | |
3 | Boston Private Wealth | 6.6% | 7.5% | 2.4% | |
5 | Illinois | 82 | $76,905.0 | $53,606.4 | $23,298.6 |
1 | Brownson Rehmus & Foxworth Inc. | 13.4% | 0.0% | 44.1% | |
2 | Gresham Partners | 7.3% | 6.1% | 10.2% | |
3 | RMB Capital Management | 6.8% | 8.6% | 2.5% | |
6 | Texas | 110 | $70,681.7 | $61,651.0 | $9,030.7 |
1 | Jasper Ridge Partners | 21.6% | 24.0% | 4.8% | |
2 | Tolleson Private Wealth Management | 7.0% | 7.7% | 2.0% | |
3 | RGT Wealth Advisors | 5.4% | 5.9% | 2.6% | |
7 | Virginia | 80 | $62,747.8 | $56,788.6 | $5,959.3 |
1 | Edelman Financial Services | 28.3% | 31.3% | 0.0% | |
2 | Signature Family Wealth Advisors | 5.6% | 6.2% | 0.0% | |
3 | Sullivan Bruyette Speros & Blayney | 4.7% | 5.2% | 0.0% | |
8 | Pennsylvania | 77 | $60,702.3 | $54,528.0 | $6,174.3 |
1 | Veritable | 23.1% | 24.9% | 7.9% | |
2 | Mill Creek Capital Advisors | 8.2% | 8.1% | 9.3% | |
3 | Miller Investment Management | 5.1% | 2.9% | 24.5% | |
9 | Ohio | 72 | $60,143.8 | $52,689.1 | $7,454.7 |
1 | Johnson Investment Counsel Inc. | 15.1% | 17.3% | 0.0% | |
2 | Bahl & Gaynor Inc. | 15.1% | 16.2% | 7.7% | |
3 | Bartlett & Co. | 5.9% | 6.6% | 1.4% | |
10 | Maryland | 48 | $47,750.3 | $44,548.2 | $3,202.0 |
1 | Chevy Chase Trust Co. | 53.5% | 57.3% | 0.0% | |
2 | WMS Partners | 7.2% | 5.4% | 32.3% | |
3 | Heritage Investors Management Corp. | 4.5% | 4.8% | 0.5% | |
11 | Florida | 73 | $45,787.6 | $29,037.8 | $16,749.8 |
1 | Global Financial Private Capital | 12.4% | 19.5% | 0.0% | |
2 | WE Family Offices | 11.7% | 0.0% | 31.9% | |
3 | CV Advisors | 11.1% | 1.7% | 27.4% | |
12 | Georgia | 58 | $43,047.1 | $37,137.0 | $5,910.2 |
1 | Ronald Blue & Co. | 13.3% | 15.1% | 1.8% | |
2 | Homrich Berg | 10.5% | 11.1% | 6.3% | |
3 | SignatureFD | 5.9% | 5.4% | 9.3% | |
13 | Connecticut | 42 | $27,238.5 | $24,346.4 | $2,892.0 |
1 | Chilton Investment Services | 13.9% | 15.5% | 0.8% | |
2 | Symmetry Partners | 13.1% | 14.6% | 0.0% | |
3 | Bradley Foster & Sargent Inc. | 11.5% | 12.6% | 2.1% | |
14 | New Jersey | 59 | $27,098.7 | $22,960.9 | $4,137.8 |
1 | RegentAtlantic | 12.0% | 13.9% | 1.9% | |
2 | Modera Wealth Management | 7.6% | 8.9% | 0.3% | |
3 | Massey Quick & Co. | 7.1% | 3.4% | 28.0% | |
15 | North Carolina | 55 | $23,102.4 | $19,473.4 | $3,629.0 |
1 | Parsec Financial Management Inc. | 8.7% | 9.6% | 3.5% | |
2 | Delegate Advisors | 7.7% | 0.7% | 45.1% | |
3 | Biltmore Family Office | 6.0% | 4.3% | 15.4% | |
16 | Wisconsin | 49 | $22,018.9 | $19,140.3 | $2,878.7 |
1 | Orgel Wealth Management | 18.0% | 17.0% | 24.6% | |
2 | North Star Asset Management Inc. | 5.9% | 6.6% | 0.9% | |
3 | Pegasus Partners | 5.2% | 5.5% | 3.0% | |
17 | Michigan | 45 | $21,587.6 | $18,401.7 | $3,185.9 |
1 | Brick Capital Management Inc. | 10.0% | 0.0% | 67.6% | |
2 | Mainstay Capital Management | 9.6% | 10.2% | 6.2% | |
3 | Retirement Income Solutions Inc. | 7.1% | 8.3% | 0.0% | |
18 | Colorado | 52 | $20,121.3 | $15,784.4 | $4,337.0 |
1 | Obermeyer Wood Investment Counsel | 7.5% | 9.2% | 1.4% | |
2 | IWP Wealth Management | 7.1% | 0.7% | 30.4% | |
3 | Rocky Mountain Advisers | 6.3% | 8.0% | 0.0% | |
19 | Minnesota | 33 | $17,568.3 | $14,314.2 | $3,254.0 |
1 | Fiduciary Counselling Inc. | 27.2% | 16.6% | 73.8% | |
2 | Accredited Investors Wealth Management | 9.0% | 10.8% | 0.9% | |
3 | Envoi | 7.6% | 9.3% | 0.0% | |
20 | Indiana | 37 | $16,468.9 | $13,914.8 | $2,554.1 |
1 | Valeo Financial Advisors | 14.7% | 5.9% | 62.8% | |
2 | Goelzer Investment Management | 8.4% | 9.7% | 1.1% | |
3 | Donaldson Capital Management | 7.4% | 8.3% | 2.5% |
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.