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FinancialADVSR

Est. 2026The front page of wealth managementNew York

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

RIAs in Texas

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

Texas is home to 571 wealth-focused RIAs managing $984B, 3rd of 51 states and DC. The largest is Fisher Investments in Plano, with $387B.

Wealth-focused RIAs
571
3rd of 51
Their assets
$984B
9th of 51
$1B+ firms
108
Median $349M
All SEC RIAs
1,070
39,485 employees

Largest independent wealth managers in Texas

Largest independent wealth managers headquartered in Texas
#FirmHeadquartersRegulatory AUMIndividual clientsEmployees
1Fisher InvestmentsSEC recordPlano$387B199,0614,369
2Kestra Advisory Services, LLCSEC recordAustin$80B115,2851,359
3United Capital Financial AdvisorsSEC recordIrving$25B24,837289
4Kestra Private Wealth Services, LLCSEC recordAustin$13B19,977211
5Hub Investment Partners, LLCSEC recordAustin$12B5,446172
6Americana Partners, LLCSEC recordHouston$9.1B1,62786
7Sendero Wealth Management, LLCSEC recordSAN Antonio$6.5B33141
8Integrated Advisors Network LLCSEC recordDallas$5.5B7,36386
9Bluespring Wealth Management, LLCSEC recordAustin$5.4B3,16764
10True North Advisors, LLCSEC recordDallas$5.4B1,02289
11Linscomb Wealth, Inc.SEC recordHouston$5.2B1,64046
12Cain, Watters & Associates, LLCSEC recordFrisco$5.0B2,274341
13Quotient Wealth Partners, LLCSEC recordDallas$4.9B2,35460
14Avidian Wealth SolutionsSEC recordHouston$4.8B1,86659
15Frost Investment ServicesSEC recordSAN Antonio$3.7B3,019177

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 Texas?

1,070 SEC-registered investment advisers have their main office in Texas, and 571 of them are wealth-focused, managing at least half of their assets for individuals and high-net-worth clients. That ranks Texas 3rd 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 Texas?

Fisher Investments, based in Plano, is the largest independent wealth manager headquartered in Texas, with $387B in regulatory assets under management and 199,061 individual clients on its latest Form ADV.

How much do Texas RIAs manage?

Wealth-focused RIAs based in Texas report $984B in regulatory assets under management, 9th among the states. 108 of them manage $1 billion or more; the median manages $349M.

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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