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

Wells Fargo

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

RIAs using it: 119
Assets held: $74B
Median firm: $533M
Only custodian: 55%

RIAs by size

Under $250M2723%
$250M–$1B5647%
$1B–$5B3025%
$5B+65%

Regulatory assets under management of each RIA naming Wells Fargo.

Largest independent RIAs using Wells Fargo

Largest independent wealth management RIAs naming Wells Fargo as a custodian
#	Firm	Headquarters	Regulatory AUM	Held at Wells Fargo	Individual clients	Employees
1	Cary Street Partners SEC record	Richmond, VA	$10B	$3.8B	6,641	182
2	Axxcess Wealth Management, LLC SEC record	Carlsbad, CA	$8.9B	$1.9B	9,558	72
3	Sheets Smith Wealth Management SEC record	Winston Salem, NC	$1.4B	$223M	382	15
4	Three Seasons Wealth SEC record	Salt Lake City, UT	$1.2B	$251M	372	14
5	Moment Partners, LLC SEC record	SAN Francisco, CA	$1.2B	$1.1B	412	8
6	L & S Advisors, Inc SEC record	LOS Angeles, CA	$1.2B	$284M	1,054	15
7	Waterfront Wealth Inc.SEC record	Overland Park, KS	$1.1B	$1.1B	792	14
8	Overbrook Management Corporation SEC record	New York, NY	$1.1B	$110M	105	17
9	AMB Wealth, LLC SEC record	Thomasville, GA	$1.1B	$825M	878	23
10	Cohen Capital Management Inc SEC record	Corte Madera, CA	$1.0B	$41M	57	7
11	Brown \| Miller Wealth Management, LLCSEC record	McLean, VA	$991M	$922M	487	11
12	Estabrook Capital Management LLCSEC record	New York, NY	$933M	$125M	697	10
13	Atlas Legacy Advisors LLCSEC record	LOS Angeles, CA	$715M	$453M	131	5
14	Tradewinds, LLCSEC record	Raleigh, NC	$659M	$659M	495	12
15	Wealth Advisory Solutions, LLCSEC record	Zionsville, IN	$599M	$416M	678	11
16	Mattern Wealth Management LLCSEC record	Lawrence, KS	$579M	$246M	605	5
17	National Wealth Management Group, LLCSEC record	Cincinnati, OH	$535M	$101M	1,308	18
18	Register Financial Advisors, LLCSEC record	Atlanta, GA	$488M	$447M	433	15
19	AG Asset Advisory, LLCSEC record	LOS Angeles, CA	$440M	$51M	35	3
20	Rhodes Investment Advisors, Inc.SEC record	Fort Worth, TX	$419M	$214M	789	9
21	Redwood Financial Planning, LLCSEC record	Scotch Plains, NJ	$389M	$208M	621	4
22	Atala Financial IncSEC record	Calabasas, CA	$371M	$315M	67	3
23	EGI Financial, Inc.SEC record	Akron, OH	$349M	$112M	292	8
24	Blueline AdvisorsSEC record	Exeter, NH	$247M	$29M	148	3
25	The Professional Financial Company LLCSEC record	Orem, UT	$246M	$53M	255	7

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

Where they are

Also custody with

Questions

How many RIAs use Wells Fargo?

119 wealth-focused SEC-registered RIAs name Wells Fargo as a custodian on Form ADV, about 1% of those that report one, ranking it 9th 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 Wells Fargo hold?

The RIAs that use Wells Fargo report $74B held there in separately managed accounts, 9th among custodians. The median firm keeps $303M at Wells Fargo and manages $533M in all.

What is the largest RIA that uses Wells Fargo?

Among independent wealth managers, Cary Street Partners of Richmond, VA is the largest firm naming Wells Fargo, with $10B in regulatory assets under management, $3.8B of it reported at Wells Fargo.

Do RIAs that use Wells Fargo also use other custodians?

55% of them name Wells Fargo as their only custodian. The most common second custodian is Charles Schwab, named by 39 of Wells Fargo’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.