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.
Practices
What each practice looks like, from what it filed
A practice archetype is a rule over Form ADV answers (client mix, assets, advisors, offices, affiliations, activities, Schedule A owners), printed on every firm page beside the label; a firm can carry several. The operating metrics are derived from reported fields with the formula shown on the firm page. Nothing here estimates an advisor’s book or a firm’s revenue.
| Firm | RAUM | 1y | Advisors | Per advisor | Private clients | HNW of private | Clients / advisor | Offices | Funds |
|---|---|---|---|---|---|---|---|---|---|
| MORGAN STANLEY wirehouse | $1962B | +19% | 23,152 | $84.7M | 90% | 30% | 114 | 628 | |
| STRATEGIC ADVISERS LLC national BD | $1370B | +28% | 16,953 | $80.8M | 41% | 71% | 141 | 238 | |
| CAPTRUST institutional | $1237B | +14% | 946 | $1.3B | 7.8% | 93% | 40 | 97 | 17 |
| EDWARD JONES national BD | $1014B | +23% | 24,087 | $42.1M | 98% | 38% | 167 | 15,121 | |
| UBS FINANCIAL SERVICES INC. wirehouse | $916B | +13% | 9,344 | $98.0M | 83% | 94% | 118 | 370 | |
| LPL FINANCIAL LLC BD affiliated | $819B | +32% | 23,335 | $35.1M | 96% | 70% | 84 | 20,865 | |
| ALLIANCEBERNSTEIN L.P. other | $763B | +7.6% | 521 | $1.5B | 10% | 100% | 49 | 60 | 49 |
| AMERIPRISE FINANCIAL SERVICES, LLC national BD | $660B | +17% | 13,083 | $50.5M | 98% | 57% | 105 | 159 | |
| RAYMOND JAMES & ASSOCIATES, INC. national BD | $501B | +15% | 5,786 | $86.6M | 81% | 71% | 89 | 818 | |
| MITSUBISHI UFJ TRUST AND BANKING CORPORATION institutional | $407B | -3.1% | 1.8% | 3 | |||||
| ROBERT W. BAIRD & CO. INCORPORATED mixed wealth | $394B | +15% | 2,616 | $151M | 43% | 80% | 90 | 210 | |
| RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC BD affiliated | $390B | +13% | 6,703 | $58.2M | 89% | 67% | 74 | 3,630 | |
| VANGUARD ADVISERS, INC. BD affiliated | $345B | +15% | 2,426 | $142M | 96% | 50% | 326 | 2,226 | |
| CAMBRIDGE ASSOCIATES, LLC mixed wealth | $327B | +4.2% | 27% | 100% | 5 | 92 | |||
| EDELMAN FINANCIAL ENGINES independent RIA | $326B | +11% | 723 | $451M | 55% | 48% | 660 | 132 | |
| CREATIVE PLANNING independent RIA | $296B | +36% | 1,166 | $253M | 62% | 89% | 75 | 151 | 5 |
| CETERA INVESTMENT ADVISERS LLC BD affiliated | $257B | +57% | 10,475 | $24.5M | 96% | 28% | 77 | 6,585 | |
| OSAIC WEALTH, INC. BD affiliated | $235B | +17% | 8,057 | $29.1M | 97% | 50% | 71 | 5,587 | |
| COMMONWEALTH FINANCIAL NETWORK national BD | $213B | +1.4% | 2,926 | $72.7M | 95% | 54% | 122 | 1,434 | |
| HIGHTOWER ADVISORS, LLC BD affiliated | $199B | +52% | 1,045 | $190M | 90% | 88% | 60 | 133 | |
| EMPOWER ADVISORY GROUP, LLC BD affiliated | $195B | +23% | 1,944 | $101M | 85% | 23% | 151 | 1,235 | |
| FOCUS PARTNERS WEALTH, LLC independent RIA | $182B | +90% | 1,044 | $174M | 86% | 91% | 58 | 113 | 26 |
| CORIENT independent RIA | $165B | +15% | 659 | $251M | 95% | 98% | 39 | 37 | |
| CERITY PARTNERS LLC independent RIA | $162B | +32% | 739 | $219M | 71% | 94% | 34 | 67 | 10 |
| CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. BD affiliated | $139B | +35% | 3,939 | $35.2M | 97% | 52% | 90 | 2,340 | |
| RATHBONES independent RIA | $135B | +102% | 64% | 66% | 19 | ||||
| MARINER BD affiliated | $125B | +27% | 986 | $127M | 92% | 91% | 55 | 131 | 2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC BD affiliated | $122B | +29% | 1,016 | $120M | 91% | 35% | 80 | 185 | |
| MML INVESTORS SERVICES, LLC BD affiliated | $116B | +28% | 5,086 | $22.7M | 97% | 5.5% | 88 | 1,094 | |
| PATHSTONE independent RIA | $110B | +9.8% | 201 | $549M | 83% | 100% | 10 | 19 | 161 |
| JANNEY MONTGOMERY SCOTT LLC BD affiliated | $110B | +9.2% | 1,340 | $82.2M | 89% | 78% | 179 | 139 | |
| MERCER GLOBAL ADVISORS INC. independent RIA | $84B | +40% | 750 | $113M | 92% | 91% | 47 | 258 | |
| KESTRA ADVISORY SERVICES, LLC BD affiliated | $80B | +33% | 1,446 | $55.2M | 89% | 66% | 80 | 545 | |
| TRUIST ADVISORY SERVICES, INC. BD affiliated | $77B | +14% | 1,980 | $39.1M | 91% | 67% | 64 | 2,882 | |
| CIBC PRIVATE WEALTH ADVISORS, INC. BD affiliated | $68B | +11% | 173 | $392M | 66% | 78% | 47 | 17 | |
| WILLIAM BLAIR & COMPANY L.L.C. BD affiliated | $64B | +10% | 329 | $195M | 82% | 86% | 107 | 12 | 21 |
| MIO PARTNERS, INC. asset manager | $60B | +33% | 8 | $7.4B | 0.0% | 122 | 4 | 15 | |
| CITIGROUP GLOBAL MARKETS INC. BD affiliated | $56B | +19% | 2,419 | $23.2M | 74% | 77% | 24 | 595 | |
| SAVANT WEALTH MANAGEMENT independent RIA | $56B | +71% | 399 | $139M | 88% | 68% | 58 | 66 | |
| BEACON POINTE ADVISORS, LLC independent RIA | $55B | +38% | 470 | $117M | 90% | 88% | 63 | 90 | 5 |
| MAI CAPITAL MANAGEMENT, LLC independent RIA | $52B | +76% | 306 | $170M | 66% | 81% | 51 | 30 | 33 |
| CWM, LLC BD affiliated | $51B | +50% | 661 | $76.5M | 91% | 48% | 79 | 166 | |
| MONETA GROUP INVESTMENT ADVISORS, LLC independent RIA | $51B | +18% | 255 | $198M | 92% | 96% | 35 | 10 | |
| SCS CAPITAL MANAGEMENT LLC independent RIA | $49B | +13% | 78 | $624M | 62% | 100% | 13 | 62 | |
| EP WEALTH ADVISORS independent RIA | $45B | +27% | 335 | $135M | 93% | 41% | 59 | 36 | 1 |
| CHEVY CHASE TRUST COMPANY mixed wealth | $45B | +12% | 41 | $1.1B | 28% | 100% | 2 | ||
| PRIVATE ADVISOR GROUP, LLC BD affiliated | $44B | +19% | 922 | $48.1M | 96% | 53% | 152 | 477 | |
| NEWEDGE ADVISORS BD affiliated | $43B | +58% | 601 | $71.9M | 92% | 72% | 81 | 100 | |
| LIDO independent RIA | $43B | +46% | 318 | $134M | 90% | 96% | 41 | 46 | 22 |
| D.A. DAVIDSON & CO. independent RIA | $42B | +16% | 700 | $59.8M | 90% | 63% | 97 | 101 | |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT, LLC mixed wealth | $39B | -13% | 36 | $1.1B | 20% | 97% | 55 | 23 | |
| WEALTHSPIRE RETIREMENT ADVISORY institutional | $39B | -67% | 145 | $266M | 6.4% | 68% | 42 | 51 | |
| STEWARD PARTNERS INVESTMENT ADVISORY, LLC BD affiliated | $37B | +35% | 473 | $77.7M | 94% | 80% | 88 | 87 | |
| OPPENHEIMER & CO. INC. BD affiliated | $37B | +13% | 1,153 | $31.8M | 62% | 25% | 32 | 110 | |
| WEALTHSPIRE ADVISORS independent RIA | $34B | +33% | 237 | $145M | 97% | 95% | 41 | 27 | |
| CLEARSTEAD; CLEARSTEAD ADVISORY SOLUTIONS independent RIA | $34B | +39% | 65 | $521M | 63% | 96% | 66 | 11 | 3 |
| SEQUOIA FINANCIAL GROUP, L.L.C. independent RIA | $32B | +40% | 259 | $124M | 93% | 83% | 43 | 39 | 17 |
| EAGLE STRATEGIES LLC BD affiliated | $32B | +26% | 2,479 | $12.9M | 98% | 45% | 54 | 892 | |
| GOLDMAN SACHS WEALTH SERVICES, L.P. BD affiliated | $32B | +22% | 1,098 | $28.9M | 78% | 100% | 105 | 24 | |
| HB WEALTH independent RIA | $30B | +62% | 167 | $181M | 77% | 94% | 29 | 12 |
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505 practices match (Planning-led practice). Derived columns: RAUM over IAPD advisors, individual and HNW RAUM over total, HNW RAUM over private-client RAUM, private clients over advisors, Item 1.F.5 offices plus one.