DFX Intelligence
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.
Map
The advisory industry by state
Firms by headquarters state on the latest roster; advisors by the state of their current branch on IAPD; departures and arrivals over the last 12 months by the firm’s headquarters. RAUM concentrates where fund complexes are headquartered; the private-client column is the wealth question.
| State | Firms | Wealth firms | RAUM | Private-client RAUM | Advisors | Left 12m | Joined 12m | New firms 12m | Private funds |
|---|---|---|---|---|---|---|---|---|---|
| New York | 2,584 | 759 | $37662B | $6641B | 29,906 | 4,770 | 4,619 | 165 | 22,951 |
| Pennsylvania | 564 | 377 | $27203B | $1553B | 15,445 | 766 | 988 | 35 | 1,614 |
| California | 1,868 | 1,031 | $23061B | $1978B | 51,768 | 1,159 | 2,632 | 135 | 9,610 |
| Massachusetts | 627 | 298 | $19277B | $1653B | 13,263 | 1,982 | 1,034 | 42 | 3,938 |
| Illinois | 678 | 342 | $7778B | $1256B | 21,268 | 1,036 | 1,382 | 51 | 3,625 |
| New Jersey | 388 | 239 | $6077B | $2120B | 17,039 | 985 | 922 | 29 | 1,033 |
| Texas | 1,078 | 592 | $4556B | $928B | 30,578 | 931 | 1,247 | 76 | 4,511 |
| Florida | 1,081 | 604 | $4250B | $1373B | 39,879 | 1,227 | 2,157 | 110 | 3,406 |
| Missouri | 195 | 137 | $3576B | $2425B | 10,198 | 2,070 | 1,932 | 14 | 278 |
| Connecticut | 507 | 163 | $3359B | $239B | 9,210 | 190 | 536 | 34 | 2,652 |
| Maryland | 229 | 151 | $3100B | $198B | 7,403 | 203 | 192 | 13 | 806 |
| North Carolina | 290 | 209 | $3035B | $319B | 13,494 | 218 | 384 | 19 | 743 |
| Minnesota | 275 | 189 | $2428B | $953B | 11,033 | 1,026 | 1,195 | 12 | 472 |
| Georgia | 330 | 226 | $1494B | $372B | 12,109 | 448 | 751 | 27 | 707 |
| Colorado | 356 | 235 | $1308B | $384B | 13,964 | 379 | 819 | 30 | 848 |
| Wisconsin | 195 | 157 | $1259B | $296B | 7,057 | 357 | 494 | 15 | 78 |
| Washington | 271 | 203 | $1231B | $560B | 7,909 | 152 | 166 | 13 | 370 |
| Ohio | 400 | 315 | $1093B | $415B | 14,572 | 542 | 615 | 32 | 572 |
| Tennessee | 225 | 154 | $1035B | $204B | 5,829 | 150 | 323 | 26 | 502 |
| Iowa | 90 | 70 | $988B | $227B | 5,178 | 430 | 588 | 5 | 78 |
| South Carolina | 115 | 92 | $956B | $864B | 4,179 | 1,289 | 2,198 | 13 | 104 |
| Kansas | 133 | 100 | $822B | $467B | 5,805 | 322 | 620 | 8 | 111 |
| Virginia | 301 | 212 | $583B | $184B | 8,128 | 152 | 188 | 21 | 536 |
| Michigan | 306 | 250 | $565B | $201B | 11,794 | 195 | 368 | 27 | 180 |
| District of Columbia | 59 | 11 | $549B | $17B | 1,701 | 30 | 34 | 3 | 729 |
| Arizona | 209 | 165 | $508B | $339B | 12,953 | 712 | 651 | 23 | 124 |
| Rhode Island | 51 | 41 | $426B | $34B | 1,446 | 60 | 107 | 5 | 119 |
| Delaware | 38 | 22 | $314B | $12B | 1,432 | 24 | 36 | 3 | 310 |
| Nebraska | 70 | 55 | $250B | $149B | 3,466 | 162 | 285 | 3 | 46 |
| Utah | 150 | 101 | $228B | $66B | 4,667 | 95 | 157 | 17 | 562 |
| Indiana | 147 | 117 | $224B | $110B | 7,305 | 148 | 178 | 11 | 110 |
| Oregon | 157 | 131 | $219B | $92B | 4,085 | 123 | 132 | 12 | 40 |
| Alabama | 91 | 66 | $179B | $84B | 4,534 | 75 | 176 | 5 | 168 |
| Louisiana | 81 | 65 | $98B | $67B | 3,837 | 81 | 137 | 4 | 80 |
| Nevada | 76 | 50 | $91B | $36B | 2,297 | 45 | 132 | 6 | 85 |
| Oklahoma | 84 | 69 | $90B | $28B | 2,561 | 35 | 54 | 5 | 111 |
| Kentucky | 85 | 69 | $81B | $43B | 4,547 | 40 | 51 | 8 | 76 |
| Vermont | 33 | 30 | $77B | $18B | 568 | 43 | 57 | 3 | 36 |
| New Mexico | 25 | 21 | $66B | $7.8B | 980 | 19 | 14 | 0 | 25 |
| Montana | 24 | 21 | $64B | $51B | 1,190 | 38 | 66 | 3 | 1 |
| Arkansas | 59 | 48 | $64B | $41B | 2,473 | 51 | 53 | 2 | 33 |
| New Hampshire | 77 | 66 | $59B | $28B | 2,493 | 36 | 28 | 5 | 26 |
| PR | 49 | 10 | $56B | $5.8B | 427 | 4 | 6 | 6 | 183 |
| Idaho | 53 | 43 | $52B | $36B | 2,125 | 26 | 69 | 4 | 47 |
| Wyoming | 25 | 17 | $44B | $6.6B | 412 | 12 | 20 | 2 | 47 |
| Maine | 32 | 28 | $33B | $25B | 1,179 | 13 | 13 | 1 | 10 |
| Mississippi | 35 | 31 | $25B | $12B | 1,124 | 13 | 18 | 5 | 50 |
| VI | 2 | 1 | $12B | $366M | 13 | 0 | 0 | 0 | 38 |
| Hawaii | 20 | 14 | $9.0B | $4.7B | 1,217 | 4 | 9 | 3 | 18 |
| West Virginia | 12 | 10 | $8.8B | $7.4B | 703 | 18 | 18 | 1 | n/a |
| Alaska | 9 | 4 | $8.8B | $2.3B | 488 | 15 | 3 | 0 | 12 |
| South Dakota | 14 | 11 | $6.6B | $4.3B | 875 | 9 | 7 | 2 | 4 |
| North Dakota | 9 | 8 | $3.5B | $2.3B | 692 | 4 | 6 | 0 | n/a |