Wednesday, October 21, 2026The Morning EditionOpen AtlasSign inJoin free
FinancialADVSR

Est. 2026The front page of wealth managementNew York

The Morning EditionFree · 6:30 AM ETSubscribe
RB An Amazon intern in 2020, Nevis CEO Mark Swan is the unlikely dream weaver for Focus Financial and other big RIA rollups with 'nightmare' integration issues -- with help from Schwab, Fidelity, OpenAI and AnthropicIN SpaceX’s AI segment now drives more than half its revenue. Here’s what advisors should watch nextFP Why AI might recommend your competitor instead of youFP Why clients are choosing phased retirement — and what advisors should know4K SPARK Forum Offering Scholarships for Retirement Plan AdvisorsFP What Schwab's new ETF platform fees mean for clients, advisorsWM RIA Platform Leaders Ask ‘What’s the Advantage in Having Your Own Form ADV?’IN Fake e-vite phishing scams put high-net-worth clients at riskRB Rick Wurster says Schwab is tackling its forced rationing of long/short SMAs with proprietary 'offering' to stretch balance sheet, but it may be more about a fee upside, a long/short manager saysIN Fintech bytes: 55ip, Vise, Syntax push tax-smart tools for RIAs

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

RIAs in New Jersey

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

New Jersey is home to 230 wealth-focused RIAs managing $2.32T, 11th of 51 states and DC. The largest is Pathstone in Englewood, with $110B.

Wealth-focused RIAs
230
11th of 51
Their assets
$2.32T
3rd of 51
$1B+ firms
46
Median $350M
All SEC RIAs
381
30,540 employees

Largest independent wealth managers in New Jersey

Largest independent wealth managers headquartered in New Jersey
#FirmHeadquartersRegulatory AUMIndividual clientsEmployees
1PathstoneSEC recordEnglewood$110B1,979704
2Private Advisor Group, LLCSEC recordMorristown$58B166,623930
3Modera Wealth Management, LLCSEC recordWestwood$18B5,918238
4Circle Wealth Management, LLCSEC recordSummit$14B34923
5Advisors Capital Management, LLCSEC recordRidgewood$12B17,842103
6Simon Quick Advisors, LLCSEC recordMorristown$9.0B99497
7SAX Wealth Advisors, LLCSEC recordParsippany$3.6B1,59639
8LEO Wealth, LLCSEC recordEdison$3.2B1,71440
9RMR Wealth Builders, Inc.SEC recordMontclair$2.9B1,90764
10CFS Investment Advisory Services LLCSEC recordTotowa$2.7B1,13913
11Valley Wealth Managers, Inc.SEC recordParamus$2.7B85454
12Pine Valley InvestmentsSEC recordMarlton$2.7B2,07037
13Withum Wealth ManagementSEC recordRed Bank$2.3B75513
14TLG Advisors, Inc.SEC recordSummit$2.3B5,018290
15Traphagen Financial GroupSEC recordOradell$2.3B1,92218

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 New Jersey?

381 SEC-registered investment advisers have their main office in New Jersey, and 230 of them are wealth-focused, managing at least half of their assets for individuals and high-net-worth clients. That ranks New Jersey 11th 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 New Jersey?

Pathstone, based in Englewood, is the largest independent wealth manager headquartered in New Jersey, with $110B in regulatory assets under management and 1,979 individual clients on its latest Form ADV.

How much do New Jersey RIAs manage?

Wealth-focused RIAs based in New Jersey report $2.32T in regulatory assets under management, 3rd among the states. 46 of them manage $1 billion or more; the median manages $350M.

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