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

RIAs in Mississippi

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

Mississippi is home to 29 wealth-focused RIAs managing $14B, 40th of 51 states and DC. The largest is Hardy Reed, LLC in Tupelo, with $2.9B.

Wealth-focused RIAs
29
40th of 51
Their assets
$14B
43rd of 51
$1B+ firms
4
Median $306M
All SEC RIAs
33
391 employees

Largest independent wealth managers in Mississippi

Largest independent wealth managers headquartered in Mississippi
#FirmHeadquartersRegulatory AUMIndividual clientsEmployees
1Hardy Reed, LLCSEC recordTupelo$2.9B35118
2MAG CapSEC recordRidgeland$1.7B1,43718
3Barnes Pettey Financial Advisors, LLCSEC recordClarksdale$1.3B3,02413
4Financial ConceptsSEC recordColumbus$1.1B2,51819
5Element Wealth, LLCSEC recordRidgeland$744M65215
6Argent Wealth, LLCSEC recordRidgeland$487M45011
7Legacy Wealth Management, LLCSEC recordRidgeland$459M964
8Resolute Wealth Strategies, LLCSEC recordJackson$388M2797
9Langley Wealth Management, LLCSEC recordCorinth$371M1,2169
10Phillips Wealth Planners LLCSEC recordStarkville$341M3126
11Wealthview Capital, LLCSEC recordJackson$319M1919
12New Perspectives, Inc.SEC recordRidgeland$309M4148
13Inman Jager Wealth Management, LLCSEC recordHattiesburg$225M2395
14Addicus Advisory, LLCSEC recordTupelo$222M9135
15Sound Financial Strategies Group, LLCSEC recordMadison$218M5907

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 Mississippi?

33 SEC-registered investment advisers have their main office in Mississippi, and 29 of them are wealth-focused, managing at least half of their assets for individuals and high-net-worth clients. That ranks Mississippi 40th 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 Mississippi?

Hardy Reed, LLC, based in Tupelo, is the largest independent wealth manager headquartered in Mississippi, with $2.9B in regulatory assets under management and 351 individual clients on its latest Form ADV.

How much do Mississippi RIAs manage?

Wealth-focused RIAs based in Mississippi report $14B in regulatory assets under management, 43rd among the states. 4 of them manage $1 billion or more; the median manages $306M.

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