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RIAs by state · SEC data as of October 1, 2026

RIAs in Colorado

The SEC-registered investment advisers based in Colorado, what they manage, and the largest independent wealth managers.

Colorado is home to 231 wealth-focused RIAs managing $419B, 10th of 51 states and DC. The largest is Empower Advisory Group, LLC in Greenwood Village, with $195B.

Wealth-focused RIAs
231
10th of 51
Their assets
$419B
15th of 51
$1B+ firms
30
Median $279M
All SEC RIAs
353
16,178 employees

Largest independent wealth managers in Colorado

Largest independent wealth managers headquartered in Colorado
#FirmHeadquartersRegulatory AUMIndividual clientsEmployees
1Empower Advisory Group, LLCSEC recordGreenwood Village$195B293,3478,051
2Mercer Global Advisors Inc.SEC recordDenver$84B35,0441,429
3Aspen Grove Capital, LLCSEC recordAvon$6.7B4022
4Western Wealth Management LLCSEC recordGolden$5.4B11,01998
5JFG Family OfficeSEC recordDenver$4.5B16262
6BOK Financial Private Wealth, Inc.SEC recordDenver$3.7B73737
7GHP Investment Advisors IncSEC recordDenver$3.1B1,22625
8Obermeyer Wealth PartnersSEC recordAspen$3.0B1,11531
9BSW Wealth PartnersSEC recordBoulder$2.2B47627
10PCM Encore, LLCSEC recordAspen$2.0B17518
11Cherry Creek Family OfficesSEC recordDenver$2.0B2016
12Nilsine Partners, LLCSEC recordGreenwood Village$1.9B54018
13Buck Wealth Strategies, LLCSEC recordDenver$1.6B2,734102
14TownsendSEC recordWestminster$1.5B1,51430
15Class VI Family Office, LLCSEC recordDenver$1.5B1959

Ranked by regulatory assets under management on each firm’s latest Form ADV. Excludes broker-dealers’ advisory arms and managed-account platforms. Nationally: the 100 largest RIAs.

Questions

How many RIAs are there in Colorado?

353 SEC-registered investment advisers have their main office in Colorado, and 231 of them are wealth-focused, managing at least half of their assets for individuals and high-net-worth clients. That ranks Colorado 10th of 51 states and DC, according to Financial ADVSR’s count of SEC data as of October 1, 2026.

What is the largest RIA in Colorado?

Empower Advisory Group, LLC, based in Greenwood Village, is the largest independent wealth manager headquartered in Colorado, with $195B in regulatory assets under management and 293,347 individual clients on its latest Form ADV.

How much do Colorado RIAs manage?

Wealth-focused RIAs based in Colorado report $419B in regulatory assets under management, 15th among the states. 30 of them manage $1 billion or more; the median manages $279M.

How we built this

The SEC publishes a list of every registered investment adviser, drawn from each firm’s Form ADV. We used the list current through October 1, 2026, kept the 16,943 advisers the SEC shows as approved, and placed each in the state of its main office; 14,641 are based in the United States. Regulatory assets under management come from Item 5.F, client counts from Item 5.D.

Wealth-focused RIAs manage at least half of their assets for individuals and high-net-worth clients, the same test as our RIA Custody Tracker; there are 8,130 in the US. Rankings and each state’s largest-firms list show independent wealth managers only: wealth-focused firms that offer financial planning, are not themselves broker-dealers, and hold less than half their assets in wrap programs they sponsor or manage. That leaves out wirehouse and broker-dealer advisory arms and managed-account platforms, which still count in each state’s totals.

What it doesn’t show

  • State-registered advisers, most of which manage less than $100 million, register with their state regulator and aren’t in SEC data.
  • A firm counts only in its main office state, though many have offices in several.
  • Figures are as of each adviser’s latest annual Form ADV update, usually its December 31 fiscal year-end, so they lag recent deals.
  • Firms that file under more than one registration (an RIA and a separate institutional arm, for example) appear as separate advisers.

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

Other states