RIA comparison · SEC Form ADV
Freestone Capital Management, LLC vs Aptus Capital Advisors, LLC
Two independent wealth managers side by side: assets, clients, staff, services and fees, from each firm’s own filing.
The short answer
Freestone Capital Management, LLC is the larger of the two, with $15B in regulatory assets to $14B at Aptus Capital Advisors, LLC, 3% more than its rival, by their latest Form ADV filings. Aptus Capital Advisors, LLC reports more individual clients (12,693 vs 2,906), while Freestone Capital Management, LLC’s clients hold more on average (about $3.9 million each against $840,000). Freestone Capital Management, LLC is based in Seattle, Washington and Aptus Capital Advisors, LLC in Fairhope, Alabama.
| Figure | Freestone Capital Management, LLC | Aptus Capital Advisors, LLC |
|---|---|---|
| Regulatory AUM | $15B | $14B |
| National rank | #65 | #66 |
| Headquarters | Seattle, Washington | Fairhope, Alabama |
| Individual clients | 2,906 | 12,693 |
| High-net-worth clients | 1,337 | 2,358 |
| Average client assets | $3.9 million | $840,000 |
| Accounts | 4,494 | 12,707 |
| Discretionary | 69% of AUM | 90% of AUM |
| Employees | 120 | 40 |
| Advisory staff | 46 | 26 |
| Clients per advisory employee | 63 | 488 |
| Offices | 5 | 18 |
| Form ADV filed | 2026-06-29 | 2026-09-24 |
Freestone Capital Management, LLC
Full profile →Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Selecting other advisers
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
Aptus Capital Advisors, LLC
Full profile →Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
Questions
Which is bigger, Freestone Capital Management, LLC or Aptus Capital Advisors, LLC?
Freestone Capital Management, LLC, with $15B in regulatory assets under management against $14B at Aptus Capital Advisors, LLC. Nationally they rank #65 and #66 among 5,657 independent wealth management RIAs.
How many clients do Freestone Capital Management, LLC and Aptus Capital Advisors, LLC have?
Freestone Capital Management, LLC reports 2,906 individual clients (1,337 high-net-worth) with 46 advisory employees; Aptus Capital Advisors, LLC reports 12,693 (2,358 high-net-worth) with 26 advisory employees.
How do Freestone Capital Management, LLC and Aptus Capital Advisors, LLC charge clients?
Only Freestone Capital Management, LLC lists performance-based fees on Form ADV. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.
What services do Freestone Capital Management, LLC and Aptus Capital Advisors, LLC offer?
Freestone Capital Management, LLC lists portfolio management for pooled investment vehicles; selecting other advisers; educational seminars and workshops, which Aptus Capital Advisors, LLC does not. Aptus Capital Advisors, LLC lists portfolio management for investment companies; other services, which Freestone Capital Management, LLC does not. Both offer financial planning; portfolio management for individuals and small businesses.
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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: Freestone Capital Management, LLC ↗, Aptus Capital Advisors, LLC ↗. How to check a financial advisor →