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Est. 2026The front page of wealth managementNew York

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RIA comparison · SEC Form ADV

Waverly Advisors, 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

Waverly Advisors, LLC is the larger of the two, with $30B in regulatory assets to $14B at Aptus Capital Advisors, LLC, 2.1 times the size of its rival, by their latest Form ADV filings. Waverly Advisors, LLC reports more individual clients (12,923 vs 12,693) and its clients also hold more on average (about $1.6 million each against $840,000). Both are based in Alabama: Waverly Advisors, LLC in Birmingham and Aptus Capital Advisors, LLC in Fairhope.

FigureWaverly Advisors, LLCAptus Capital Advisors, LLC
Regulatory AUM$30B$14B
National rank#36#66
HeadquartersBirmingham, AlabamaFairhope, Alabama
Individual clients12,92312,693
High-net-worth clients4,3022,358
Average client assets$1.6 million$840,000
Accounts35,70912,707
Discretionary84% of AUM90% of AUM
Employees41440
Advisory staff19726
Clients per advisory employee66488
Offices4918
Form ADV filed2026-08-312026-09-24

Waverly Advisors, LLC

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
  • Pension consulting
  • Selecting other advisers

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • 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, Waverly Advisors, LLC or Aptus Capital Advisors, LLC?

Waverly Advisors, LLC, with $30B in regulatory assets under management against $14B at Aptus Capital Advisors, LLC. Nationally they rank #36 and #66 among 5,657 independent wealth management RIAs.

How many clients do Waverly Advisors, LLC and Aptus Capital Advisors, LLC have?

Waverly Advisors, LLC reports 12,923 individual clients (4,302 high-net-worth) with 197 advisory employees; Aptus Capital Advisors, LLC reports 12,693 (2,358 high-net-worth) with 26 advisory employees.

How do Waverly Advisors, LLC and Aptus Capital Advisors, LLC charge clients?

Only Waverly Advisors, LLC lists hourly charges; performance-based fees on Form ADV. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.

What services do Waverly Advisors, LLC and Aptus Capital Advisors, LLC offer?

Waverly Advisors, LLC lists portfolio management for pooled investment vehicles; portfolio management for businesses and institutions; pension consulting; selecting other advisers, which Aptus Capital Advisors, LLC does not. Aptus Capital Advisors, LLC lists other services, which Waverly Advisors, LLC does not. Both offer financial planning; portfolio management for individuals and small businesses; portfolio management for investment companies.

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: Waverly Advisors, LLC ↗, Aptus Capital Advisors, LLC ↗. How to check a financial advisor →