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

RIAs in Vermont

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

Vermont is home to 30 wealth-focused RIAs managing $20B, 39th of 51 states and DC. The largest is Manchester Capital Management LLC in Manchester, with $2.8B.

Wealth-focused RIAs
30
39th of 51
Their assets
$20B
42nd of 51
$1B+ firms
6
Median $284M
All SEC RIAs
33
834 employees

Largest independent wealth managers in Vermont

Largest independent wealth managers headquartered in Vermont
#FirmHeadquartersRegulatory AUMIndividual clientsEmployees
1Manchester Capital Management LLCSEC recordManchester$2.8B21138
2Maple Capital Management, Inc.SEC recordMontpelier$2.6B1,56327
3Pathway Financial Advisors, LLCSEC recordSouth Burlington$1.6B25311
4One DAY in July LLCSEC recordBurlington$1.4B1,35123
5Hanson & Doremus Investment ManagementSEC recordBurlington$1.1B58414
6Silverlake Wealth Management LLCSEC recordWilliston$849M1,02813
7Rock Point Advisors, LLCSEC recordBurlington$656M2329
8Marble Trail AdvisorsSEC recordMiddlebury$583M3689
9Broadlake Financial ManagementSEC recordSouth Burlington$410M4515
10Antoine Williams & Associates Wealth Management, LLCSEC recordShelburne$319M3243
11Otto & Associates, Inc.SEC recordNorwich$287M1526
12Farrow Financial IncSEC recordSouth Burlington$280M1944
13Intrack Investment Management, Inc.SEC recordSouth Burlington$276M1894
14Westview Investment AdvisorsSEC recordBurlington$229M1655
15Copper Leaf Financial, LLCSEC recordWilliston$220M1374

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 Vermont?

33 SEC-registered investment advisers have their main office in Vermont, and 30 of them are wealth-focused, managing at least half of their assets for individuals and high-net-worth clients. That ranks Vermont 39th 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 Vermont?

Manchester Capital Management LLC, based in Manchester, is the largest independent wealth manager headquartered in Vermont, with $2.8B in regulatory assets under management and 211 individual clients on its latest Form ADV.

How much do Vermont RIAs manage?

Wealth-focused RIAs based in Vermont report $20B in regulatory assets under management, 42nd among the states. 6 of them manage $1 billion or more; the median manages $284M.

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