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RIA comparison · SEC Form ADV

Private Advisor Group, LLC vs IEQ Capital, LLC

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

The short answer

Private Advisor Group, LLC is the larger of the two, with $58B in regulatory assets to $57B at IEQ Capital, LLC, 2% more than its rival, by their latest Form ADV filings. Private Advisor Group, LLC reports more individual clients (166,623 vs 2,300), while IEQ Capital, LLC’s clients hold more on average (about $25 million each against $330,000). Private Advisor Group, LLC is based in Morristown, New Jersey and IEQ Capital, LLC in Foster City, California.

FigurePrivate Advisor Group, LLCIEQ Capital, LLC
Regulatory AUM$58B$57B
National rank#17#18
HeadquartersMorristown, New JerseyFoster City, California
Individual clients166,6232,300
High-net-worth clients27,7422,300
Average client assets$330,000$25 million
Accounts170,2062,309
Discretionary100% of AUM81% of AUM
Employees930266
Advisory staff885193
Clients per advisory employee18812
Offices57020
Form ADV filed2026-09-302026-06-09

Private Advisor Group, LLC

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
  • Other

IEQ Capital, LLC

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for businesses and institutions
  • Pension consulting
  • Selecting other advisers
  • Educational seminars and workshops

How it’s paid

  • A percentage of assets under management
  • Fixed fees

Questions

Which is bigger, Private Advisor Group, LLC or IEQ Capital, LLC?

Private Advisor Group, LLC, with $58B in regulatory assets under management against $57B at IEQ Capital, LLC. Nationally they rank #17 and #18 among 5,657 independent wealth management RIAs.

How many clients do Private Advisor Group, LLC and IEQ Capital, LLC have?

Private Advisor Group, LLC reports 166,623 individual clients (27,742 high-net-worth) with 885 advisory employees; IEQ Capital, LLC reports 2,300 (2,300 high-net-worth) with 193 advisory employees.

How do Private Advisor Group, LLC and IEQ Capital, LLC charge clients?

Only Private Advisor Group, LLC lists hourly charges; other forms of compensation on Form ADV. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.

What services do Private Advisor Group, LLC and IEQ Capital, LLC offer?

Private Advisor Group, LLC lists periodicals or newsletters; other services, which IEQ Capital, LLC 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.

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: Private Advisor Group, LLC ↗, IEQ Capital, LLC ↗. How to check a financial advisor →