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Est. 2026The front page of wealth managementNew York

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RIA comparison · SEC Form ADV

Tocqueville Asset Management LP vs Foundations Investment Advisors LLC

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

The short answer

Tocqueville Asset Management LP is the larger of the two, with $10B in regulatory assets to $10B at Foundations Investment Advisors LLC, 1% more than its rival, by their latest Form ADV filings. Foundations Investment Advisors LLC reports more individual clients (29,615 vs 1,159), while Tocqueville Asset Management LP’s clients hold more on average (about $4.9 million each against $340,000). Tocqueville Asset Management LP is based in New York, New York and Foundations Investment Advisors LLC in Phoenix, Arizona.

FigureTocqueville Asset Management LPFoundations Investment Advisors LLC
Regulatory AUM$10B$10B
National rank#95#97
HeadquartersNew York, New YorkPhoenix, Arizona
Individual clients1,15929,615
High-net-worth clients7416,047
Average client assets$4.9 million$340,000
Accounts2,31463,604
Discretionary91% of AUM100% of AUM
Employees73353
Advisory staff35289
Clients per advisory employee33102
Offices286
Form ADV filed2026-03-312026-09-23

Tocqueville Asset Management LP

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for investment companies
  • Portfolio management for pooled investment vehicles
  • Portfolio management for businesses and institutions
  • Selecting other advisers

How it’s paid

  • A percentage of assets under management
  • Performance-based fees

Foundations Investment Advisors LLC

Full profile →

Services

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

How it’s paid

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

Questions

Which is bigger, Tocqueville Asset Management LP or Foundations Investment Advisors LLC?

Tocqueville Asset Management LP, with $10B in regulatory assets under management against $10B at Foundations Investment Advisors LLC. Nationally they rank #95 and #97 among 5,657 independent wealth management RIAs.

How many clients do Tocqueville Asset Management LP and Foundations Investment Advisors LLC have?

Tocqueville Asset Management LP reports 1,159 individual clients (741 high-net-worth) with 35 advisory employees; Foundations Investment Advisors LLC reports 29,615 (6,047 high-net-worth) with 289 advisory employees.

How do Tocqueville Asset Management LP and Foundations Investment Advisors LLC charge clients?

Only Tocqueville Asset Management LP lists performance-based fees on Form ADV. Only Foundations Investment Advisors LLC lists hourly charges; fixed fees. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.

What services do Tocqueville Asset Management LP and Foundations Investment Advisors LLC offer?

Tocqueville Asset Management LP lists portfolio management for investment companies; portfolio management for pooled investment vehicles; portfolio management for businesses and institutions, which Foundations Investment Advisors LLC does not. Foundations Investment Advisors LLC lists educational seminars and workshops, which Tocqueville Asset Management LP does not. Both offer financial planning; portfolio management for individuals and small businesses; selecting other advisers.

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: Tocqueville Asset Management LP ↗, Foundations Investment Advisors LLC ↗. How to check a financial advisor →