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

RIAs in Delaware

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

Delaware is home to 21 wealth-focused RIAs managing $10B, 42nd of 51 states and DC. The largest is Diversified, LLC in Wilmington, with $2.8B.

Wealth-focused RIAs
21
42nd of 51
Their assets
$10B
44th of 51
$1B+ firms
1
Median $382M
All SEC RIAs
38
694 employees

Largest independent wealth managers in Delaware

Largest independent wealth managers headquartered in Delaware
#FirmHeadquartersRegulatory AUMIndividual clientsEmployees
1Diversified, LLCSEC recordWilmington$2.8B1,98253
2Riversedge AdvisorsSEC recordWilmington$928M38219
3Affinity Wealth Management LLCSEC recordWilmington$873M63917
4Clariti Wealth AdvisorsSEC recordWilmington$798M25010
5Grey Fox Wealth Advisors, LLCSEC recordRockland$699M31111
6Westover Capital Advisors, LLCSEC recordWilmington$653M23811
7N1 AdvisorsSEC recordNewark$445M1947
8Blue Rock Financial GroupSEC recordRehoboth Beach$382M26510
9Delaware Wealth PlannersSEC recordWilmington$256M894
10Donald W. Nicholson & Associates LTDSEC recordWilmington$171M1565
11Benchmark Financial, LLCSEC recordWilmington$132M903
12Back Bay Financial Planning & InvestmentsSEC recordBethany Beach$120M944
13StratfiSEC recordWilmington$115M872

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 Delaware?

38 SEC-registered investment advisers have their main office in Delaware, and 21 of them are wealth-focused, managing at least half of their assets for individuals and high-net-worth clients. That ranks Delaware 42nd 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 Delaware?

Diversified, LLC, based in Wilmington, is the largest independent wealth manager headquartered in Delaware, with $2.8B in regulatory assets under management and 1,982 individual clients on its latest Form ADV.

How much do Delaware RIAs manage?

Wealth-focused RIAs based in Delaware report $10B in regulatory assets under management, 44th among the states. 1 of them manage $1 billion or more; the median manages $382M.

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