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RIA comparison · SEC Form ADV

Tocqueville Asset Management LP vs Ritholtz Wealth Management

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 $9.4B at Ritholtz Wealth Management, 9% more than its rival, by their latest Form ADV filings. Ritholtz Wealth Management reports more individual clients (4,139 vs 1,159), while Tocqueville Asset Management LP’s clients hold more on average (about $4.9 million each against $2.2 million). Both are based in New York, New York.

FigureTocqueville Asset Management LPRitholtz Wealth Management
Regulatory AUM$10B$9.4B
National rank#95#109
HeadquartersNew York, New YorkNew York, New York
Individual clients1,1594,139
High-net-worth clients7411,445
Average client assets$4.9 million$2.2 million
Accounts2,31413,828
Discretionary91% of AUM90% of AUM
Employees7383
Advisory staff3548
Clients per advisory employee3386
Offices215
Form ADV filed2026-03-312026-08-10

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

Ritholtz Wealth Management

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for businesses and institutions
  • Pension consulting
  • Selecting other advisers
  • Other services

How it’s paid

  • A percentage of assets under management
  • Fixed fees

Questions

Which is bigger, Tocqueville Asset Management LP or Ritholtz Wealth Management?

Tocqueville Asset Management LP, with $10B in regulatory assets under management against $9.4B at Ritholtz Wealth Management. Nationally they rank #95 and #109 among 5,657 independent wealth management RIAs.

How many clients do Tocqueville Asset Management LP and Ritholtz Wealth Management have?

Tocqueville Asset Management LP reports 1,159 individual clients (741 high-net-worth) with 35 advisory employees; Ritholtz Wealth Management reports 4,139 (1,445 high-net-worth) with 48 advisory employees.

How do Tocqueville Asset Management LP and Ritholtz Wealth Management charge clients?

Only Tocqueville Asset Management LP lists performance-based fees on Form ADV. Only Ritholtz Wealth Management lists fixed fees. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.

What services do Tocqueville Asset Management LP and Ritholtz Wealth Management offer?

Tocqueville Asset Management LP lists portfolio management for investment companies; portfolio management for pooled investment vehicles, which Ritholtz Wealth Management does not. Ritholtz Wealth Management lists pension consulting; other services, which Tocqueville Asset Management LP does not. Both offer financial planning; portfolio management for individuals and small businesses; portfolio management for businesses and institutions; 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 ↗, Ritholtz Wealth Management ↗. How to check a financial advisor →