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

RIAs in New Mexico

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

New Mexico is home to 18 wealth-focused RIAs managing $5.6B, 44th of 51 states and DC. The largest is John Moore & Associates Inc in Albuquerque, with $1.0B.

Wealth-focused RIAs
18
44th of 51
Their assets
$5.6B
47th of 51
$1B+ firms
1
Median $185M
All SEC RIAs
25
435 employees

Largest independent wealth managers in New Mexico

Largest independent wealth managers headquartered in New Mexico
#FirmHeadquartersRegulatory AUMIndividual clientsEmployees
1John Moore & Associates IncSEC recordAlbuquerque$1.0B71414
2Westwind CapitalSEC recordLAS Cruces$796M97210
3BCO Wealth Management, LLCSEC recordCarlsbad$360M5269
4Madrid Wealth ManagementSEC recordAlbuquerque$212M1284
5Sandia Wealth Management, LLCSEC recordAlbuquerque$193M2313
6Cross State Financial Group LLCSEC recordAlbuquerque$188M39510
7Financial Partners, LLCSEC recordSanta FE$182M2684
8Hanseatic Management Services IncSEC recordAlbuquerque$174M2164
9Waterrock Wealth ManagementSEC recordAlbuquerque$154M2895
10Steve Lynch Wealth ManagementSEC recordAlbuquerque$153M7273
11Horizons Sustainable Financial Services, Inc.SEC recordSanta FE$151M3107
12Oakmont Advisory Group, LLCSEC recordAlbuquerque$150M4737
13Santa FE Advisors LLCSEC recordSanta FE$116M595

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 Mexico?

25 SEC-registered investment advisers have their main office in New Mexico, and 18 of them are wealth-focused, managing at least half of their assets for individuals and high-net-worth clients. That ranks New Mexico 44th 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 Mexico?

John Moore & Associates Inc, based in Albuquerque, is the largest independent wealth manager headquartered in New Mexico, with $1.0B in regulatory assets under management and 714 individual clients on its latest Form ADV.

How much do New Mexico RIAs manage?

Wealth-focused RIAs based in New Mexico report $5.6B in regulatory assets under management, 47th among the states. 1 of them manage $1 billion or more; the median manages $185M.

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.

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