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% | |
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