How many registered investment advisers does DFX track?

DFX currently tracks 50,611 investment adviser firms, as of 7 October 2026.

50,611

As of

Definition

Investment adviser firms with a registration record: SEC-registered advisers, state-registered advisers and advisers that have since withdrawn.

Geography

United States.

Included

  • Every firm with a Form ADV filing on the SEC adviser roster or a state registration.
  • Firms that have withdrawn, kept so their history and their advisers' moves stay readable.

Excluded

  • Individual financial advisers, counted separately.
  • Broker-dealers with no advisory registration.

Methodology

One record per firm, keyed by its CRD number from FINRA and the SEC.

The graph behind this figure reads 7 registered sources, each listed with its rights determination on the sources page.

Update cadence

Recounted every time the graph's published totals are rebuilt, which happens several times a day; the date above is the latest rebuild.

The lists behind this figure

Other statistics