ADVSR Rankings · Methodology
How the Largest Independent RIAs list is built
The 100 largest independent wealth management RIAs by regulatory assets under management, from each firm's latest Form ADV.
- Ranked by
- Regulatory assets under management (Form ADV Item 5.F)
- Data as of
- October 1, 2026
- Source
- SEC Form ADV filings
- Updated
- Refreshed monthly from the SEC's registered-adviser data
Who qualifies
US-based, SEC-registered investment advisers that manage at least half of their regulatory assets for individuals and high-net-worth individuals, offer financial planning, are not themselves broker-dealers, and hold less than half their assets in wrap programs they sponsor or manage (the test behind our RIA profiles). That leaves out wirehouse and broker-dealer advisory arms and managed-account platforms. 5,657 firms qualify; this list shows the 100 largest.
How firms are ordered
By regulatory assets under management as reported in each firm's latest Form ADV. Figures are as of each firm's last annual update, so they can lag recent deals and market moves, and regulatory assets can differ from the assets a firm markets.
Independence
No one pays to be considered for or included in an ADVSR ranking. Financial ADVSR does not charge nominees, honorees or their firms, and inclusion is not tied to advertising.
The list measures what this page describes and nothing more. It is not a recommendation of any advisor or firm, says nothing about whether one suits a particular person, and is not based on client reviews or investment performance. See our editorial standards.
Questions
Do advisors or firms pay to be on the Largest Independent RIAs list?
No one pays to be considered for or included in an ADVSR ranking. Financial ADVSR does not charge nominees, honorees or their firms, and inclusion is not tied to advertising.
How often is the list updated?
Refreshed monthly from the SEC's registered-adviser data. The current data date is October 1, 2026.
Can an adviser cite this list in marketing?
Financial ADVSR doesn't give legal or compliance advice. Advisers who cite a third-party ranking under the SEC Marketing Rule generally disclose the ranking's date, the period it covers, who created it and whether compensation was paid. Each list page carries those facts: “Largest Independent RIAs” is published by Financial ADVSR, an independent news outlet. Data as of October 1, 2026; period covered: each firm's latest Form ADV. Criteria: regulatory assets under management (form adv item 5.f). No compensation was paid, directly or indirectly, by anyone to be considered for or included in the list. Inclusion is not indicative of future performance or of any client's experience.
How do I correct an entry?
Email the desk through our contact page with the entry and a link to the record that shows the correction. We fix verified errors and note material corrections.