RIA custodians · Form ADV filings, October 2025 to September 2026
LPL Financial
The wealth-focused RIAs that custody with LPL Financial: how many, how big, where they are and the largest of them. Every $1 billion+ RIA using LPL Financial in the RIA database. News and coverage: LPL Financial hub.
- RIAs using it
- 354 4% · 4th of 23
- Assets held
- $336B 4th of 23
- Median firm
- $330M 64 firms $1B+
- Only custodian
- 72% 255 firms
RIAs by size
Regulatory assets under management of each RIA naming LPL Financial.
Largest independent RIAs using LPL Financial
| # | Firm | Headquarters | Regulatory AUM | Held at LPL Financial | Individual clients | Employees |
|---|---|---|---|---|---|---|
| 1 | Private Advisor Group, LLCSEC record | Morristown, NJ | $58B | $36B | 166,623 | 930 |
| 2 | Integrated Wealth Concepts LLCSEC record | Waltham, MA | $24B | $9.1B | 29,187 | 493 |
| 3 | Advisors Capital Management, LLCSEC record | Ridgewood, NJ | $12B | $3.1B | 17,842 | 103 |
| 4 | Great Valley Advisor Group, LLCSEC record | Berwyn, PA | $11B | $4.0B | 36,836 | 325 |
| 5 | Mariner Advisor NetworkSEC record | Overland Park, KS | $9.6B | $6.9B | 16,100 | 174 |
| 6 | Axxcess Wealth Management, LLCSEC record | Carlsbad, CA | $8.9B | $3.0B | 9,558 | 72 |
| 7 | Wealthcare Advisory Partners LLCSEC record | West Chester, PA | $8.3B | $3.9B | 10,696 | 243 |
| 8 | Western Wealth Management LLCSEC record | Golden, CO | $5.4B | $4.4B | 11,019 | 98 |
| 9 | Cornerstone Wealth Management, LLCSEC record | DES Peres, MO | $4.9B | $4.9B | 12,454 | 103 |
| 10 | IFG Advisory, LLCSEC record | Atlanta, GA | $4.8B | $4.7B | 9,038 | 187 |
| 11 | CG Advisory ServicesSEC record | Williamston, MI | $4.6B | $2.2B | 4,898 | 136 |
| 12 | Gerber Kawasaki Wealth & Investment ManagementSEC record | Santa Monica, CA | $4.1B | $2.9B | 9,425 | 59 |
| 13 | Wealthcare Capital Management LLCSEC record | Richmond, VA | $3.9B | $1.7B | 5,638 | 54 |
| 14 | Trilogy Capital, Inc.SEC record | Irvine, CA | $3.2B | $1.1B | 8,058 | 74 |
| 15 | Jacobi Capital Management, LLCSEC record | Pittston, PA | $2.6B | $2.4B | 2,900 | 31 |
| 16 | Keystone Financial Group, LLCSEC record | Lexington, KY | $2.3B | $1.8B | 6,602 | 49 |
| 17 | Verus Capital Partners, LLCSEC record | Scottsdale, AZ | $2.3B | $223M | 5,086 | 68 |
| 18 | Moneco AdvisorsSEC record | Fairfield, CT | $2.3B | $1.6B | 2,781 | 66 |
| 19 | IAG Wealth Partners, LLCSEC record | Waukesha, WI | $1.9B | $1.9B | 2,339 | 15 |
| 20 | Trivium Point Advisory, LLCSEC record | Wilton, CT | $1.6B | $343M | 786 | 38 |
| 21 | Petersen Hastings Wealth Advisors, Inc.SEC record | Kennewick, WA | $1.6B | $1.0B | 1,232 | 19 |
| 22 | Strategic Wealth GroupSEC record | Eden Prairie, MN | $1.5B | $1.3B | 3,524 | 23 |
| 23 | Valley Wealth Strategies, LLCSEC record | Lodi, CA | $1.4B | $252M | 3,966 | 59 |
| 24 | Apollon Financial, LLCSEC record | Mount Pleasant, SC | $1.4B | $1.1B | 1,256 | 29 |
| 25 | The Pinnacle Financial GroupSEC record | Rockville Centre, NY | $1.4B | $1.0B | 3,150 | 54 |
Ranked by regulatory assets under management. “Held at” is the separately managed account assets each firm reports at LPL Financial; many firms split assets across custodians.
Where they are
Also custody with
Questions
How many RIAs use LPL Financial?
354 wealth-focused SEC-registered RIAs name LPL Financial as a custodian on Form ADV, about 4% of those that report one, ranking it 4th 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 LPL Financial hold?
The RIAs that use LPL Financial report $336B held there in separately managed accounts, 4th among custodians. The median firm keeps $268M at LPL Financial and manages $330M in all.
What is the largest RIA that uses LPL Financial?
Among independent wealth managers, Private Advisor Group, LLC of Morristown, NJ is the largest firm naming LPL Financial, with $58B in regulatory assets under management, $36B of it reported at LPL Financial.
Do RIAs that use LPL Financial also use other custodians?
72% of them name LPL Financial as their only custodian. The most common second custodian is Charles Schwab, named by 79 of LPL Financial’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.