RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
See which advisory firms are moving, hiring or losing teams before the market notices.
Every SEC-registered adviser with its filings since 2011, every registered representative with their firm history, and the moves, funds, custodians and ownership between them. Free to read, with the source and the date on every row.
What are you trying to do?
Advisor moves on the record, the teams behind them, and firms where several left at once.
- Advisor moves
- Teams that move together
- Firms losing people
Firms by assets, ownership and succession exposure, with the filing that says so.
- Firms by assets
- Ownership and control
- Succession exposure
Which firms already allocate to what you sell, and who signs for it.
- Firms by allocation
- Private funds used
- Custodians and platforms
A market by size, model and growth rather than a purchased list.
- Firms by model
- Growth on the record
- Platform relationships
Or keep reading. Everything below is public, and picking a door only changes what leads.
Who advises private wealth, by reported RAUM
Wealth managers: firms whose Form ADV Item 5.D puts most of their RAUM with individuals and high-net-worth clients, plus the wirehouses and national broker-dealer RIAs. Asset managers and institutional managers are on the firms list.
| Firm | HQ | Class | RAUM | Private clients | Advisors | RAUM / advisor | Offices | Private funds |
|---|---|---|---|---|---|---|---|---|
| Morgan Stanley CRD 149777 | Purchase, NY | wirehouse | $1962B | 90% | 23,147 | $84.8M | 627 | 0 |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated CRD 7691 | New York, NY | wirehouse | $1782B | 86% | 25,477 | $69.9M | 3,910 | 0 |
| Strategic Advisers LLC CRD 104555 | Boston, MA | national BD | $1370B | 41% | 16,954 | $80.8M | 237 | 0 |
| Edward Jones CRD 250 | St. Louis, MO | national BD | $1014B | 98% | 24,084 | $42.1M | 15,120 | 0 |
| Managed Account Advisors LLC CRD 142558 | Jersey City, NJ | independent RIA | $995B | 90% | 26 | $38B | 0 | 0 |
| UBS Financial Services Inc. CRD 8174 | Weehawken, NJ | wirehouse | $916B | 83% | 9,349 | $98.0M | 369 | 0 |
| LPL Financial LLC CRD 6413 | Fort Mill, SC | BD affiliated | $819B | 96% | 23,319 | $35.1M | 20,864 | 0 |
| Parametric Portfolio Associates CRD 114310 | Seattle, WA | BD affiliated | $685B | 56% | 7 | $98B | 5 | 12 |
| Wells Fargo Advisors CRD 19616 | St. Louis, MO | wirehouse | $671B | 92% | 14,697 | $45.7M | 5,038 | 0 |
| Ameriprise Financial Services, LLC CRD 6363 | Minneapolis, MN | national BD | $660B | 98% | 13,078 | $50.5M | 158 | 0 |
| Envestnet Pmc CRD 111694 | Berwyn, PA | independent RIA | $615B | 94% | 60 | $10B | 1 | 0 |
| UBS Asset Management (Americas) LLC CRD 106838 | New York, NY | mixed wealth | $588B | 34% | 32 | $18B | 15 | 139 |
Where advisors are leaving, last 12 months
Departures are IAPD registration endings; every one is a person whose next registration is on the graph. A count, not a claim about why.
| Firm | Advisors | Left | Joined | Net |
|---|---|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated wirehouse | 25,477 | 1,540 | 588 | -952 |
| LPL Financial LLC BD affiliated | 23,319 | 945 | 1,816 | +871 |
| Morgan Stanley wirehouse | 23,147 | 768 | 823 | +55 |
| Wells Fargo Advisors wirehouse | 14,697 | 753 | 894 | +141 |
| Edward Jones national BD | 24,084 | 735 | 332 | -403 |
| Strategic Advisers LLC national BD | 16,954 | 716 | 320 | -396 |
| Commonwealth Financial Network national BD | 2,942 | 653 | 92 | -561 |
| J.P. Morgan Securities LLC wirehouse | 14,152 | 652 | 1,110 | +458 |
| Ameriprise Financial Services, LLC national BD | 13,078 | 632 | 551 | -81 |
| UBS Financial Services Inc. wirehouse | 9,349 | 628 | 293 | -335 |
Latest registration changes
- Mark Stephen Buckman left Family Investment Management L.P. for LPL Financial LLCSep 16, 2026 · Other
- Tod Andrew Drury left LPL Financial LLC for Raymond James & Associates, Inc.Sep 16, 2026 · Affiliated broker-dealer or bank to another
- David Edward Bucholtz left Commonwealth Financial Network for Financial Planning Resources, Inc.Sep 16, 2026 · Other
- Cynthia Alda Doussard left Commonwealth Financial Network for Cetera Investment Advisers LLCSep 16, 2026 · Affiliated broker-dealer or bank to another
- James Frank Tracz left Commonwealth Financial Network for Financial Planning Resources, Inc.Sep 16, 2026 · Other
- Eric Scott Holt left Bok Financial Private Wealth, Inc. for Cerity Partners LLCSep 16, 2026 · RIA to RIA
- Luis Francisco Rosa left Origin Investment Advisory LLC for SavvySep 16, 2026 · RIA to RIA
- Eric Min Wang left Transamerica Financial Advisors, LLC for Merrill Lynch, Pierce, Fenner & Smith IncorporatedSep 16, 2026 · Affiliated broker-dealer or bank to wirehouse
- Shane Davis left LPL Enterprise, LLC for Ameriprise Financial Services, LLCSep 16, 2026 · Affiliated broker-dealer or bank to another
- Antonio Angelo Taddeo left Financial Planning Associates, LLC for Gladstone Wealth PartnersSep 16, 2026 · RIA to RIA
- John Paul Mollica left LPL Financial LLC for Ameriprise Financial Services, LLCSep 16, 2026 · Affiliated broker-dealer or bank to another
- Susan Adele Knox left LPL Financial LLC for Cambridge Investment Research Advisors, Inc.Sep 16, 2026 · Affiliated broker-dealer or bank to another
Successions the advisers themselves reported
Form ADV Item 4: an adviser succeeding to another adviser’s business names the firm it acquired. Sworn, dated, and the base of the M&A layer.
- Arbor Capital Management Inc's advisors moved to Wealth Enhancement Advisory Services, LLC (Anchorage, AK): 4 of 4 registered, on the same daySep 14, 2026 · Firm absorbed (people side)
- Optimus Capital Advisors, LLC's advisors moved to Wpwealth LLP (Coppell, TX): 3 of 3 registered, on the same daySep 10, 2026 · Firm absorbed (people side)
- Wagner Loftin Investment Services LLC's advisors moved to Osaic Wealth, Inc. (Pleasant Hill, CA): 6 of 6 registered, on the same daySep 2, 2026 · Firm absorbed (people side)
- Trippon Wealth Management Group LLC's advisors moved to Wealth Enhancement Advisory Services, LLC (Houston, TX): 4 of 4 registered, on the same daySep 1, 2026 · Firm absorbed (people side)
- First Investment Corporation's advisors moved to Farther (Bartlesville, OK): 3 of 3 registered, on the same dayAug 31, 2026 · Firm absorbed (people side)
- Venturi Private Wealth reported succeeding to the business of The Caprock Group, Llc (Form ADV Item 4)Aug 31, 2026 · Succession (Item 4)
- One Charles Private Wealth's advisors moved to Coastal Bridge Advisors (Hingham, MA): 5 of 6 registered, on the same dayAug 28, 2026 · Firm absorbed (people side)
- Seascape Capital Management,Llc's advisors moved to F L Putnam Investment Management CO. (Portsmouth, NH): 4 of 4 registered, on the same dayAug 28, 2026 · Firm absorbed (people side)
RAUM, headcount and office growth from consecutive annual amendments.
Every private fund a registered adviser reports, with gross assets, owners and custodian.
Which custodians hold which advisers' private fund assets.
Dated events: moves, RAUM changes, control persons, successions, roster exits.
The record above stays free. What you pay for is the depth behind it.
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The full comparisonNo account. What a visitor and a search engine both see.
- Every entity by name, with its type and its record
- The dated public tape: what changed and when
- The source and the date on every published row
- The methodology, in full
Enough to be useful on its own, and it is how we learn what you came for.
- Follow entities and get a weekly digest of what moved
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Where the biggest households go when they leave a wealth platform.
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The firms buying advisory businesses, and the platforms they are building.
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The institutional mandates these firms and their funds sit inside.
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Every row on this page carries its source and its date. The methodology says what is measured, what is inferred, and what DFX does not claim. The Data Factory is this and eight other graphs, joined.
Every number above is what an adviser filed on Form ADV or what IAPD publishes about a registered representative. Reported RAUM sums affiliated advisers that report the same assets. Read the methodology.