RIA custodians · Form ADV filings, October 2025 to September 2026

Altruist

The wealth-focused RIAs that custody with Altruist: how many, how big, where they are and the largest of them. Every $1 billion+ RIA using Altruist in the RIA database. News and coverage: Altruist hub.

RIAs using it: 177
Assets held: $17B
Median firm: $151M
Only custodian: 38%

RIAs by size

Under $250M12973%
$250M–$1B4123%
$1B–$5B74%
$5B+00%

Regulatory assets under management of each RIA naming Altruist.

Largest independent RIAs using Altruist

Largest independent wealth management RIAs naming Altruist as a custodian
#	Firm	Headquarters	Regulatory AUM	Held at Altruist	Individual clients	Employees
1	CG Advisory Services SEC record	Williamston, MI	$4.6B	$0M	4,898	136
2	Revisor Wealth Management LLC SEC record	Akron, OH	$2.5B	$0M	3,070	11
3	Root Financial Partners SEC record	Austin, TX	$2.1B	$216M	852	65
4	Range Advisory, LLC SEC record	McLean, VA	$1.4B	$1.1B	1,773	38
5	Xypn Sapphire SEC record	Bozeman, MT	$1.3B	$0M	721	69
6	Tempo WealthSEC record	Independence, OH	$804M	$1M	853	12
7	Smart Wealth, LLCSEC record	Omaha, NE	$686M	$1M	990	41
8	Beck Bode LLCSEC record	Dedham, MA	$666M	$193M	968	16
9	Peak Retirement Planning, Inc.SEC record	Columbus, OH	$631M	$603M	910	22
10	Financial Plans & Strategies, Inc.SEC record	Greenwood, IN	$611M	$321M	1,081	12
11	Able Wealth Management LLCSEC record	Toms River, NJ	$580M	$23M	937	7
12	Core PlanningSEC record	Ofallon, MO	$525M	$13M	867	65
13	Nikulski Financial, Inc.SEC record	Bettendorf, IA	$449M	$236M	468	10
14	Bates Financial Advisors, Inc.SEC record	Rockford, IL	$439M	$51M	397	5
15	Odyssey Group Wealth AdvisorsSEC record	Lancaster, PA	$421M	$414M	245	6
16	Luminvest Wealth Management LLCSEC record	Scottsdale, AZ	$398M	$147M	140	5
17	Sagebroadview Wealth Management, LLCSEC record	Farmington, CT	$397M	$142M	148	8
18	Hassell Wealth ManagementSEC record	Houma, LA	$387M	$391M	414	9
19	Balance WealthSEC record	Worthington, OH	$387M	$133M	553	12
20	Griffin Black, LLCSEC record	Redwood City, CA	$356M	$241M	171	9
21	Williams & Novak Wealth Management, LLCSEC record	Westlake Village, CA	$343M	$0M	275	10
22	Mdrn CapitalSEC record	Annapolis, MD	$339M	$339M	569	36
23	EvoadvisorsSEC record	Richmond, VA	$337M	$253M	167	7
24	Wealth Analytics Partners, LLCSEC record	SAN Diego, CA	$316M	$142M	181	6
25	Mardin Capital GroupSEC record	RYE, NH	$306M	$306M	238	6

Ranked by regulatory assets under management. “Held at” is the separately managed account assets each firm reports at Altruist; many firms split assets across custodians.

Where they are

Also custody with

Questions

How many RIAs use Altruist?

177 wealth-focused SEC-registered RIAs name Altruist as a custodian on Form ADV, about 2% of those that report one, ranking it 7th of the 23 custodians we track, according to Financial ADVSR’s review of filings from October 2025 to September 2026.

How much RIA money does Altruist hold?

The RIAs that use Altruist report $17B held there in separately managed accounts, 20th among custodians. The median firm keeps $68M at Altruist and manages $151M in all.

What is the largest RIA that uses Altruist?

Among independent wealth managers, CG Advisory Services of Williamston, MI is the largest firm naming Altruist, with $4.6B in regulatory assets under management, $0M of it reported at Altruist.

Do RIAs that use Altruist also use other custodians?

38% of them name Altruist as their only custodian. The most common second custodian is Charles Schwab, named by 81 of Altruist’s RIAs.

How we built this

Every SEC-registered adviser lists, in Schedule D, Section 5.K(3) of Form ADV, each custodian that holds 10% or more of its separately managed account assets, with the amount held. We took each adviser’s latest filing from October 2025 to September 2026 and kept the 9,157 wealth-focused firms, which manage at least half of their assets for individuals and high-net-worth clients; 8,572 of them report custodians. Custodian legal entities are grouped by parent, so Schwab’s entities count as one custodian and Fidelity’s RIA custody and clearing businesses as another. A custodian’s own affiliated advisers aren’t counted toward it. The firm counts match our RIA Custody Tracker.

Largest-firm tables show independent wealth managers only, the same test as the Largest RIAs: firms that offer financial planning, aren’t broker-dealers themselves and hold less than half their assets in wrap programs they sponsor or manage. Firm size and headquarters come from the SEC’s registered-adviser list.

What it doesn’t show

Custodians holding less than 10% of a firm’s separately managed account assets aren’t listed, so smaller relationships are missed.
Assets held cover separately managed accounts only, not pooled funds, and are as of each firm’s fiscal year-end.
Broker-dealer clearing firms appear alongside RIA custodians because advisers list them the same way; Fidelity and Pershing pages show the split.
State-registered advisers, most with under $100 million, aren’t in SEC data.

The data is free to use with credit to Financial ADVSR. Questions or corrections: contact the editors.