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RIA comparison · SEC Form ADV

Arax Advisory Partners vs United Capital Financial Advisors

Two independent wealth managers side by side: assets, clients, staff, services and fees, from each firm’s own filing.

The short answer

Arax Advisory Partners is the larger of the two, with $27B in regulatory assets to $25B at United Capital Financial Advisors, 8% more than its rival, by their latest Form ADV filings. United Capital Financial Advisors reports more individual clients (24,837 vs 15,155), while Arax Advisory Partners’ clients hold more on average (about $1.6 million each against $830,000). Arax Advisory Partners is based in New York, New York and United Capital Financial Advisors in Irving, Texas.

FigureArax Advisory PartnersUnited Capital Financial Advisors
Regulatory AUM$27B$25B
National rank#39#41
HeadquartersNew York, New YorkIrving, Texas
Individual clients15,15524,837
High-net-worth clients4,9491,937
Average client assets$1.6 million$830,000
Accounts39,13845,106
Discretionary90% of AUM91% of AUM
Employees361289
Advisory staff168162
Clients per advisory employee90153
Offices3947
Form ADV filed2026-08-142026-06-15

Arax Advisory Partners

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for pooled investment vehicles
  • Portfolio management for businesses and institutions
  • Pension consulting
  • Selecting other advisers
  • Educational seminars and workshops
  • Other services

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • Fixed fees
  • Performance-based fees
  • Other

United Capital Financial Advisors

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for businesses and institutions
  • Pension consulting
  • Selecting other advisers
  • Periodicals or newsletters
  • Educational seminars and workshops
  • Other services

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • Fixed fees

Questions

Which is bigger, Arax Advisory Partners or United Capital Financial Advisors?

Arax Advisory Partners, with $27B in regulatory assets under management against $25B at United Capital Financial Advisors. Nationally they rank #39 and #41 among 5,657 independent wealth management RIAs.

How many clients do Arax Advisory Partners and United Capital Financial Advisors have?

Arax Advisory Partners reports 15,155 individual clients (4,949 high-net-worth) with 168 advisory employees; United Capital Financial Advisors reports 24,837 (1,937 high-net-worth) with 162 advisory employees.

How do Arax Advisory Partners and United Capital Financial Advisors charge clients?

Only Arax Advisory Partners lists performance-based fees; other forms of compensation on Form ADV. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.

What services do Arax Advisory Partners and United Capital Financial Advisors offer?

Arax Advisory Partners lists portfolio management for pooled investment vehicles, which United Capital Financial Advisors does not. United Capital Financial Advisors lists periodicals or newsletters, which Arax Advisory Partners does not. Both offer financial planning; portfolio management for individuals and small businesses; portfolio management for businesses and institutions; pension consulting; selecting other advisers; educational seminars and workshops; other services.

More comparisons

Where these numbers come from

Every figure is the firm’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Average client assets divide the assets held for individual and high-net-worth clients by their number. Ranks compare each firm with all US-based independent wealth management RIAs, the same field as The Largest RIAs. Figures can lag recent deals and market moves.

Not an endorsement or a recommendation of either firm. Before hiring an adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search: Arax Advisory Partners ↗, United Capital Financial Advisors ↗. How to check a financial advisor →