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.
What stands out against comparable advisers
Each row is a reported value or a change between two filings that a person should look at, with the peer group it was compared against (segment by RAUM band, at least thirty advisers), the peer median, the percentile, and the filing it was read from. Static outliers sit at or beyond the 2nd or 98th percentile and three robust deviations from the peer median; changes clear a base-size threshold and sit in the top or bottom decile of changes among peers, so a market year does not flag every adviser. Data quality rows (values that are likely filing errors) are kept apart and hidden unless asked for. None of this is a conclusion about a firm; it is where to look.
- discretionary share of RAUM of 0% against a peer median of 99% (1483 comparable advisers, 0.0th percentile, 33.5 robust deviations)filing Aug 26, 2026peers: independent wealth managers, $500M to $1B (1,483)0.0% percentile33.5 robust deviationsconfidence 0.8
- discretionary share of RAUM of 0% against a peer median of 100% (310 comparable advisers, 0.0th percentile, 33.7 robust deviations)filing Aug 26, 2026peers: independent wealth managers, under $100M (310)0.0% percentile33.7 robust deviationsconfidence 0.8
- discretionary share of RAUM of 0% against a peer median of 100% (212 comparable advisers, 0.0th percentile, 33.7 robust deviations)filing Aug 26, 2026peers: other advisers, $100M to $500M (212)0.0% percentile33.7 robust deviationsconfidence 0.8
- institutional share of RAUM of 41% against a peer median of 0% (5676 comparable advisers, 98.0th percentile, 13.8 robust deviations)filing Aug 26, 2026peers: independent wealth managers, $100M to $500M (5,676)98% percentile13.8 robust deviationsconfidence 0.8
- J.P. MORGAN INVESTMENT MANAGEMENT INC.asset managerRAUM $3519Bhigh office count relative to headcountStatic outlieroffices per registered advisor of 5.4 against a peer median of 0.2 (36 comparable advisers, 100.0th percentile, 27.5 robust deviations)filing Aug 26, 2026peers: asset managers, $20B and over (36)100% percentile27.5 robust deviationsconfidence 0.6
- related persons on Schedule D 7.A of 331.0 against a peer median of 18.0 (428 comparable advisers, 99.0th percentile, 17.6 robust deviations)filing Aug 26, 2026peers: asset managers, $20B and over (428)99% percentile17.6 robust deviationsconfidence 0.8
- related persons on Schedule D 7.A of 331.0 against a peer median of 11.0 (492 comparable advisers, 99.0th percentile, 36.0 robust deviations)filing Aug 26, 2026peers: asset managers, $5B to $20B (492)99% percentile36.0 robust deviationsconfidence 0.8
- ARES COMMERCIAL REAL ESTATE MANAGEMENT LLCasset managerRAUM $32Blarge related person networkStatic outlierrelated persons on Schedule D 7.A of 331.0 against a peer median of 18.0 (428 comparable advisers, 99.0th percentile, 17.6 robust deviations)filing Aug 26, 2026peers: asset managers, $20B and over (428)99% percentile17.6 robust deviationsconfidence 0.8
- related persons on Schedule D 7.A of 330.0 against a peer median of 11.0 (492 comparable advisers, 99.0th percentile, 35.9 robust deviations)filing Aug 26, 2026peers: asset managers, $5B to $20B (492)99% percentile35.9 robust deviationsconfidence 0.8
- related persons on Schedule D 7.A of 331.0 against a peer median of 11.0 (492 comparable advisers, 99.0th percentile, 36.0 robust deviations)filing Aug 26, 2026peers: asset managers, $5B to $20B (492)99% percentile36.0 robust deviationsconfidence 0.8
- RAUM per registered advisor of $153,879,634 against a peer median of $55,716,044 (3252 comparable advisers, 99.0th percentile, 3.4 robust deviations)filing Aug 26, 2026peers: independent wealth managers, $100M to $500M (3,252)99% percentile3.4 robust deviationsconfidence 0.8
- RAUM per account of $5,414,502 against a peer median of $440,397 (5431 comparable advisers, 100.0th percentile, 3.4 robust deviations)filing Aug 26, 2026peers: independent wealth managers, $100M to $500M (5,431)100% percentile3.4 robust deviationsconfidence 0.8
- private clients per advisor of 309.0 against a peer median of 57.3 (3075 comparable advisers, 99.0th percentile, 7.2 robust deviations)filing Aug 26, 2026peers: independent wealth managers, $100M to $500M (3,075)99% percentile7.2 robust deviationsconfidence 0.8
- employees per registered advisor of 4.0 against a peer median of 1.5 (1100 comparable advisers, 98.0th percentile, 5.2 robust deviations)filing Aug 26, 2026peers: independent wealth managers, $1B to $5B (1,100)98% percentile5.2 robust deviationsconfidence 0.8
- distinct affiliate types checked on Item 7.A of 6.0 against a peer median of 2.0 (797 comparable advisers, 99.0th percentile, 5.4 robust deviations)filing Aug 26, 2026peers: asset managers, $1B to $5B (797)99% percentile5.4 robust deviationsconfidence 0.8
- HNW RAUM per HNW client of $12,953,178 against a peer median of $2,404,040 (4940 comparable advisers, 100.0th percentile, 7.1 robust deviations)filing Aug 26, 2026peers: independent wealth managers, $100M to $500M (4,940)100% percentile7.1 robust deviationsconfidence 0.8
- LANGLEY WEALTH MANAGEMENT, LLCindependent RIARAUM $371Munusually high clients per advisorStatic outlierprivate clients per advisor of 304.0 against a peer median of 57.3 (3075 comparable advisers, 99.0th percentile, 7.0 robust deviations)filing Aug 26, 2026peers: independent wealth managers, $100M to $500M (3,075)99% percentile7.0 robust deviationsconfidence 0.8
- institutional share of RAUM of 55% against a peer median of 2% (1483 comparable advisers, 98.0th percentile, 18.0 robust deviations)filing Aug 25, 2026peers: independent wealth managers, $500M to $1B (1,483)98% percentile18.0 robust deviationsconfidence 0.8
- RICHARDSON WEALTH (USA) LIMITEDindependent RIARAUM $244Mhigh employee count relative to advisorsStatic outlieremployees per registered advisor of 7.1 against a peer median of 1.2 (1313 comparable advisers, 100.0th percentile, 19.9 robust deviations)filing Aug 25, 2026peers: independent wealth managers, $100M to $500M (1,313)100% percentile19.9 robust deviationsconfidence 0.8
- institutional share of RAUM of 37% against a peer median of 0% (684 comparable advisers, 99.0th percentile, 12.5 robust deviations)filing Aug 25, 2026peers: asset managers, $5B to $20B (684)99% percentile12.5 robust deviationsconfidence 0.8
- institutional share of RAUM of 64% against a peer median of 0% (5676 comparable advisers, 100.0th percentile, 21.4 robust deviations)filing Aug 25, 2026peers: independent wealth managers, $100M to $500M (5,676)100% percentile21.4 robust deviationsconfidence 0.8
- RAUM per account of $25,709,905 against a peer median of $812,622 (1332 comparable advisers, 99.0th percentile, 16.8 robust deviations)filing Aug 25, 2026peers: independent wealth managers, $1B to $5B (1,332)99% percentile16.8 robust deviationsconfidence 0.8
- private funds per $1B of RAUM of 5.2 against a peer median of 0.7 (308 comparable advisers, 100.0th percentile, 4.9 robust deviations)filing Aug 25, 2026peers: asset managers, $20B and over (308)100% percentile4.9 robust deviationsconfidence 0.8
- GARRISON MURPHY WEALTH MANAGEMENT, LLCindependent RIARAUM $255Munusually large average HNW clientStatic outlierHNW RAUM per HNW client of $8,304,234 against a peer median of $2,404,040 (4940 comparable advisers, 99.0th percentile, 4.0 robust deviations)filing Aug 25, 2026peers: independent wealth managers, $100M to $500M (4,940)99% percentile4.0 robust deviationsconfidence 0.8
- RICHARDSON WEALTH (USA) LIMITEDindependent RIARAUM $244Mhigh office count relative to headcountStatic outlieroffices per registered advisor of 1.5 against a peer median of 0.6 (577 comparable advisers, 98.0th percentile, 3.7 robust deviations)filing Aug 25, 2026peers: independent wealth managers, $100M to $500M (577)98% percentile3.7 robust deviationsconfidence 0.8
- WILLIAM MACK & ASSOCIATES INCindependent RIARAUM $1.0Bhigh office count relative to headcountStatic outlieroffices per registered advisor of 1.8 against a peer median of 0.3 (529 comparable advisers, 100.0th percentile, 6.4 robust deviations)filing Aug 25, 2026peers: independent wealth managers, $1B to $5B (529)100% percentile6.4 robust deviationsconfidence 0.8
- ALIYA CAPITAL PARTNERS LLCasset managerRAUM $5.3Bmany private funds relative to firm sizeStatic outlierprivate funds per $1B of RAUM of 19.5 against a peer median of 2.0 (467 comparable advisers, 100.0th percentile, 10.3 robust deviations)filing Aug 24, 2026peers: asset managers, $5B to $20B (467)100% percentile10.3 robust deviationsconfidence 0.8
- discretionary share of RAUM of 0% against a peer median of 100% (247 comparable advisers, 0.0th percentile, 33.7 robust deviations)filing Aug 24, 2026peers: other advisers, $1B to $5B (247)0.0% percentile33.7 robust deviationsconfidence 0.8
- ALLOCATE MANAGEMENT COMPANY, LLCotherRAUM $3.0Bmany private funds relative to firm sizeStatic outlierprivate funds per $1B of RAUM of 32.7 against a peer median of 2.3 (55 comparable advisers, 98.0th percentile, 18.8 robust deviations)filing Aug 24, 2026peers: other advisers, $1B to $5B (55)98% percentile18.8 robust deviationsconfidence 0.7
- related persons on Schedule D 7.A of 374.0 against a peer median of 18.0 (428 comparable advisers, 100.0th percentile, 20.0 robust deviations)filing Aug 24, 2026peers: asset managers, $20B and over (428)100% percentile20.0 robust deviationsconfidence 0.8
- discretionary share of RAUM of 0% against a peer median of 100% (134 comparable advisers, 0.0th percentile, 33.7 robust deviations)filing Aug 21, 2026peers: other advisers, $5B to $20B (134)0.0% percentile33.7 robust deviationsconfidence 0.8
- RAUM per account of $48,652,039,947 against a peer median of $426,672,517 (326 comparable advisers, 100.0th percentile, 158.2 robust deviations)filing Aug 21, 2026peers: asset managers, $20B and over (326)100% percentile158.2 robust deviationsconfidence 0.8
- employees per registered advisor of 15.8 against a peer median of 1.9 (241 comparable advisers, 98.0th percentile, 18.0 robust deviations)filing Aug 21, 2026peers: independent wealth managers, $5B to $20B (241)98% percentile18.0 robust deviationsconfidence 0.8
- RAUM per registered advisor of $2,879,250,445 against a peer median of $234,120,923 (250 comparable advisers, 99.0th percentile, 11.8 robust deviations)filing Aug 21, 2026peers: independent wealth managers, $5B to $20B (250)99% percentile11.8 robust deviationsconfidence 0.8
- related persons on Schedule D 7.A of 23.0 against a peer median of 4.0 (97 comparable advisers, 99.0th percentile, 12.8 robust deviations)filing Aug 20, 2026peers: independent wealth managers, $500M to $1B (97)99% percentile12.8 robust deviationsconfidence 0.7
- REAP FINANCIAL GROUP, LLCindependent RIARAUM $648Mhigh employee count relative to advisorsStatic outlieremployees per registered advisor of 4.0 against a peer median of 1.4 (947 comparable advisers, 100.0th percentile, 6.6 robust deviations)filing Aug 20, 2026peers: independent wealth managers, $500M to $1B (947)100% percentile6.6 robust deviationsconfidence 0.8
- discretionary share of RAUM of 0% against a peer median of 99% (71 comparable advisers, 0.0th percentile, 33.4 robust deviations)filing Aug 19, 2026peers: institutional managers, $5B to $20B (71)0.0% percentile33.4 robust deviationsconfidence 0.7
- private clients per advisor of 409.1 against a peer median of 63.7 (1211 comparable advisers, 99.0th percentile, 9.3 robust deviations)filing Aug 19, 2026peers: independent wealth managers, $500M to $1B (1,211)99% percentile9.3 robust deviationsconfidence 0.8
- discretionary share of RAUM of 0% against a peer median of 100% (95 comparable advisers, 0.0th percentile, 33.7 robust deviations)filing Aug 19, 2026peers: other advisers, $500M to $1B (95)0.0% percentile33.7 robust deviationsconfidence 0.7
- discretionary share of RAUM of 0% against a peer median of 100% (5676 comparable advisers, 0.0th percentile, 33.7 robust deviations)filing Aug 19, 2026peers: independent wealth managers, $100M to $500M (5,676)0.0% percentile33.7 robust deviationsconfidence 0.8
- related persons on Schedule D 7.A of 75.0 against a peer median of 5.0 (338 comparable advisers, 99.0th percentile, 23.6 robust deviations)filing Aug 19, 2026peers: asset managers, $500M to $1B (338)99% percentile23.6 robust deviationsconfidence 0.8
- RAUM per registered advisor of $154,960,413 against a peer median of $55,716,044 (3252 comparable advisers, 99.0th percentile, 3.5 robust deviations)filing Aug 19, 2026peers: independent wealth managers, $100M to $500M (3,252)99% percentile3.5 robust deviationsconfidence 0.8
- RAUM per registered advisor of $152,151,564 against a peer median of $55,716,044 (3252 comparable advisers, 99.0th percentile, 3.4 robust deviations)filing Aug 19, 2026peers: independent wealth managers, $100M to $500M (3,252)99% percentile3.4 robust deviationsconfidence 0.8
- FORTRESS INVESTMENT GROUPasset managerRAUM $87Bmany private funds relative to firm sizeStatic outlierprivate funds per $1B of RAUM of 4.0 against a peer median of 0.7 (308 comparable advisers, 99.0th percentile, 3.5 robust deviations)filing Aug 19, 2026peers: asset managers, $20B and over (308)99% percentile3.5 robust deviationsconfidence 0.8
- TRUE WAVE FINANCIAL PLANNERSindependent RIARAUM $456Munusually high clients per advisorStatic outlierprivate clients per advisor of 307.3 against a peer median of 57.3 (3075 comparable advisers, 99.0th percentile, 7.1 robust deviations)filing Aug 19, 2026peers: independent wealth managers, $100M to $500M (3,075)99% percentile7.1 robust deviationsconfidence 0.8
- TRADEWINDS CAPITAL MANAGEMENT, LLCindependent RIARAUM $727Munusually high clients per advisorStatic outlierprivate clients per advisor of 317.7 against a peer median of 63.7 (1211 comparable advisers, 99.0th percentile, 6.8 robust deviations)filing Aug 19, 2026peers: independent wealth managers, $500M to $1B (1,211)99% percentile6.8 robust deviationsconfidence 0.8
- private funds per $1B of RAUM of 6.0 against a peer median of 0.5 (32 comparable advisers, 100.0th percentile, 7.3 robust deviations)filing Aug 19, 2026peers: independent wealth managers, $20B and over (32)100% percentile7.3 robust deviationsconfidence 0.6
- RAUM per account of $8,932,039 against a peer median of $611,284 (1444 comparable advisers, 99.0th percentile, 5.6 robust deviations)filing Aug 19, 2026peers: independent wealth managers, $500M to $1B (1,444)99% percentile5.6 robust deviationsconfidence 0.8
- discretionary share of RAUM of 0% against a peer median of 100% (5676 comparable advisers, 0.0th percentile, 33.7 robust deviations)filing Aug 18, 2026peers: independent wealth managers, $100M to $500M (5,676)0.0% percentile33.7 robust deviationsconfidence 0.8
- discretionary share of RAUM of 0% against a peer median of 100% (5676 comparable advisers, 0.0th percentile, 33.7 robust deviations)filing Aug 18, 2026peers: independent wealth managers, $100M to $500M (5,676)0.0% percentile33.7 robust deviationsconfidence 0.8
- JOHNSON & SHUTE INVESTMENT ADVISORS, INC.independent RIARAUM $137Mlow discretionary shareStatic outlierdiscretionary share of RAUM of 0% against a peer median of 100% (5676 comparable advisers, 0.0th percentile, 33.7 robust deviations)filing Aug 18, 2026peers: independent wealth managers, $100M to $500M (5,676)0.0% percentile33.7 robust deviationsconfidence 0.8
- private funds per $1B of RAUM of 59.7 against a peer median of 8.9 (465 comparable advisers, 98.0th percentile, 8.5 robust deviations)filing Aug 18, 2026peers: asset managers, $500M to $1B (465)98% percentile8.5 robust deviationsconfidence 0.8
- DIVERSIFIED FINANCIAL ADVISORS, LLCmixed wealthRAUM $586Mhigh institutional concentrationStatic outlierinstitutional share of RAUM of 66% against a peer median of 2% (1483 comparable advisers, 99.0th percentile, 21.7 robust deviations)filing Aug 18, 2026peers: independent wealth managers, $500M to $1B (1,483)99% percentile21.7 robust deviationsconfidence 0.8
- institutional share of RAUM of 40% against a peer median of 0% (5676 comparable advisers, 98.0th percentile, 13.5 robust deviations)filing Aug 18, 2026peers: independent wealth managers, $100M to $500M (5,676)98% percentile13.5 robust deviationsconfidence 0.8
- MORNINGSTAR INVESTMENT MANAGEMENT LLCmixed wealthRAUM $88Bhigh office count relative to headcountStatic outlieroffices per registered advisor of 1.6 against a peer median of 0.1 (52 comparable advisers, 100.0th percentile, 14.4 robust deviations)filing Aug 18, 2026peers: independent wealth managers, $20B and over (52)100% percentile14.4 robust deviationsconfidence 0.7
- discretionary share of RAUM of 0% against a peer median of 99% (1483 comparable advisers, 0.0th percentile, 33.5 robust deviations)filing Aug 17, 2026peers: independent wealth managers, $500M to $1B (1,483)0.0% percentile33.5 robust deviationsconfidence 0.8
- related persons on Schedule D 7.A of 23.0 against a peer median of 4.5 (206 comparable advisers, 98.0th percentile, 8.3 robust deviations)filing Aug 17, 2026peers: independent wealth managers, $1B to $5B (206)98% percentile8.3 robust deviationsconfidence 0.8
- ALTERA PRIVATE ACCESS, LLCasset managerRAUM $562Mmany private funds relative to firm sizeStatic outlierprivate funds per $1B of RAUM of 92.5 against a peer median of 8.9 (465 comparable advisers, 99.0th percentile, 14.0 robust deviations)filing Aug 17, 2026peers: asset managers, $500M to $1B (465)99% percentile14.0 robust deviationsconfidence 0.8
- discretionary share of RAUM of 0% against a peer median of 99% (71 comparable advisers, 0.0th percentile, 33.4 robust deviations)filing Aug 17, 2026peers: institutional managers, $5B to $20B (71)0.0% percentile33.4 robust deviationsconfidence 0.7
- SANDRO WEALTH MANAGEMENT LLCindependent RIARAUM $228Munusually large average HNW clientStatic outlierHNW RAUM per HNW client of $8,426,361 against a peer median of $2,404,040 (4940 comparable advisers, 99.0th percentile, 4.1 robust deviations)filing Aug 17, 2026peers: independent wealth managers, $100M to $500M (4,940)99% percentile4.1 robust deviationsconfidence 0.8