Registered investment adviser (RIA)
A registered investment adviser (RIA) is a firm paid to advise others about securities that is registered with the SEC or with one or more state securities regulators. Advisers generally register with the SEC once they manage around $100 million or more in regulatory assets, and with their home state below that, subject to exceptions. An RIA owes its clients a fiduciary duty and discloses its business, owners, fees and conflicts on Form ADV.
In DFX data
DFX currently tracks 50,650 investment adviser firms, as of 13 October 2026.
Every adviser firm with a registration record is one record keyed by its CRD number, with its Form ADV answers kept on every filing date and its registered advisers linked to it.