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

RIAs in Tennessee

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

Tennessee is home to 148 wealth-focused RIAs managing $140B, 19th of 51 states and DC. The largest is Sagespring Wealth Partners in Franklin, with $8.5B.

Wealth-focused RIAs: 148
Their assets: $140B
$1B+ firms: 32
All SEC RIAs: 221

Largest independent wealth managers in Tennessee

Largest independent wealth managers headquartered in Tennessee
#	Firm	Headquarters	Regulatory AUM	Individual clients	Employees
1	Sagespring Wealth Partners SEC record	Franklin	$8.5B	11,558	195
2	The Pacific Financial Group, Inc.SEC record	Nashville	$5.1B	16,818	62
3	Red Door Wealth Management, LLC SEC record	Memphis	$3.1B	929	19
4	Legacy Wealth Management, LLC SEC record	Memphis	$2.7B	1,460	22
5	Rather & Kittrell, Inc.SEC record	Knoxville	$2.3B	982	32
6	Capwealth Advisors, LLC SEC record	Franklin	$2.0B	1,407	19
7	Woodmont Investment Counsel, LLC SEC record	Nashville	$2.0B	437	15
8	Abound Wealth Management, LLC SEC record	Franklin	$1.9B	914	41
9	Patriot Investment Management Group Inc SEC record	Knoxville	$1.9B	1,518	25
10	Patton Albertson Miller Group, LLC SEC record	Chattanooga	$1.7B	611	23
11	Steel Grove Capital Advisors, LLC SEC record	Memphis	$1.6B	867	13
12	Delta Asset Management, LLC SEC record	Memphis	$1.5B	543	10
13	TBH Global Asset Management, LLC SEC record	Brentwood	$1.5B	1,002	22
14	HHM Wealth Advisors, LLC SEC record	Chattanooga	$1.5B	1,180	20
15	Seven Springs Wealth Group SEC record	Brentwood	$1.4B	384	15

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 Tennessee?

221 SEC-registered investment advisers have their main office in Tennessee, and 148 of them are wealth-focused, managing at least half of their assets for individuals and high-net-worth clients. That ranks Tennessee 19th 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 Tennessee?

Sagespring Wealth Partners, based in Franklin, is the largest independent wealth manager headquartered in Tennessee, with $8.5B in regulatory assets under management and 11,558 individual clients on its latest Form ADV.

How much do Tennessee RIAs manage?

Wealth-focused RIAs based in Tennessee report $140B in regulatory assets under management, 25th among the states. 32 of them manage $1 billion or more; the median manages $352M.

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.