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RB An Amazon intern in 2020, Nevis CEO Mark Swan is the unlikely dream weaver for Focus Financial and other big RIA rollups with 'nightmare' integration issues -- with help from Schwab, Fidelity, OpenAI and AnthropicIN SpaceX’s AI segment now drives more than half its revenue. Here’s what advisors should watch nextFP Why AI might recommend your competitor instead of youFP Why clients are choosing phased retirement — and what advisors should know4K SPARK Forum Offering Scholarships for Retirement Plan AdvisorsFP What Schwab's new ETF platform fees mean for clients, advisorsWM RIA Platform Leaders Ask ‘What’s the Advantage in Having Your Own Form ADV?’IN Fake e-vite phishing scams put high-net-worth clients at riskRB Rick Wurster says Schwab is tackling its forced rationing of long/short SMAs with proprietary 'offering' to stretch balance sheet, but it may be more about a fee upside, a long/short manager saysIN Fintech bytes: 55ip, Vise, Syntax push tax-smart tools for RIAs
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Free from Atlas · SEC filings as of October 1, 2026

The RIA database

Atlas screenerWealth Manager databaseThis month’s moversCustodian profilesRIA statistics

Registered RIAs
17,210
Regulatory AUM
$177.9T
Use more than one custodian
4,024
Hybrid
3,733

Where their clients’ assets sit. Select a custodian to filter the list.

Filters1

2,436 firms manage $136.7 trillionaffiliated broker-dealer

Open in the Atlas screener

Atlas The basics here are free. Atlas adds ten years of growth, owners, broker-dealer affiliation, contacts on file and signals for every firm, with alerts and exports. See Atlas

  1. 001
    Vanguard Group IncMalvern, PA · 228 clientsAsset managerHybridVanguard Investments Canada Inc., Vanguard Marketing Corporation
    No custodian reported
    $11.1T
  2. 002
    Vanguard Capital Management, LLCMalvern, PA · 128 clientsAsset managerAffiliated broker-dealerVanguard Investments Canada Inc., Vanguard Marketing Corporation
    No custodian reported
    $8.4T
  3. 003
    Fidelity Management & Research Company LLCBoston, MA · 36,650 clientsAsset managerHybridDigital Brokerage Services LLC, Fidelity Brokerage Services LLC, clears through National Financial Services (Fidelity)
    Fidelity 100%
    $5.7T
  4. 004
    Capital Research and Management CompanyLOS Angeles, CA · 23,578 clientsAsset managerHybridCapital Client Group, Inc.
    Morgan Stanley 59%UBS 25%
    $4.3T
  5. 005
    Blackrock Fund AdvisorsSAN Francisco, CA · 528 clientsAsset managerHybridBlackrock Asset Management Deutschland AG, Blackrock Execution Services
    J.P. Morgan 100%
    $4.3T
  6. 006
    Pacific Investment Management Company LLCNewport Beach, CA · 41,699 clientsAsset managerHybridPimco Canada Corp., Pimco Europe Gmbh
    BNY 44%State Street 28%Northern Trust 28%
    $3.7T
  7. 007
    J.P. Morgan Investment Management Inc.New York, NY · 128,965 clientsAsset managerHybridJ.P. Morgan Institutional Investments Inc., J.P. Morgan Securities LLC
    J.P. Morgan 31%State Street 25%BNY 23%
    $3.5T
  8. 008
    Vanguard Portfolio Management, LLCMalvern, PA · 101 clientsAsset managerAffiliated broker-dealerVanguard Investments Canada Inc., Vanguard Marketing Corporation
    No custodian reported
    $2.7T
  9. 009
    Goldman Sachs Asset Management, L.P.New York, NY · 121,325 clientsAsset managerHybridFolio Investments, Inc., Goldman Sachs & Co. LLC
    Goldman Sachs 70%BNY 30%
    $2.6T
  10. 010
    T. Rowe Price Associates, Inc.Baltimore, MD · 6,887 clientsAsset managerHybridT. Rowe Price Investment Services, Inc.
    State Street 58%Northern Trust 23%
    $2.2T
  11. 011
    Morgan StanleyPurchase, NY · 2,703,720 clientsBroker-dealer firmHybridEaton Vance Distributors, Inc., Morgan Stanley & Co. LLC
    Morgan Stanley 100%
    $2.0T
  12. 012
    Merrill Lynch, Pierce, Fenner & Smith IncorporatedNew York, NY · 1,838,984 clientsBroker-dealer firmHybridBank of America Singapore Limited, Bank of America Yatirim Bank A.S.
    Merrill / Bank of America 100%
    $1.8T
  13. 014
    Charles Schwab Investment Management, IncSAN Francisco, CA · 856,597 clientsAsset managerHybridCharles Schwab & Co., Inc.
    Schwab 100%
    $1.7T
  14. 015
    Blackrock Financial Management, IncNew York, NY · 1,309 clientsAsset managerHybridBlackrock Asset Management Deutschland AG, Blackrock Execution Services
    BNY 32%
    $1.6T
  15. 016
    Wellington Management Company LLPBoston, MA · 1,559 clientsAsset managerHybridWellington Funds Distributors Inc.
    State Street 35%BNY 26%Northern Trust 23%
    $1.4T
  16. 017
    Ssga Funds Management, Inc.Boston, MA · 339 clientsAsset managerHybridState Street Global Advisors Funds Distributors, LLC, State Street Global Markets Canada Inc.
    State Street 100%
    $1.4T
  17. 018
    Strategic Advisers LLCBoston, MA · 2,401,763 clientsAsset managerHybridDigital Brokerage Services LLC, Fidelity Brokerage Services LLC, clears through National Financial Services (Fidelity)
    Fidelity 100%
    $1.4T
  18. 019
    Northern Trust Investments, IncorporatedChicago, IL · 41,027 clientsAsset managerHybridNorthern Trust Securities LLP, Northern Trust Securities, Inc.
    Northern Trust 100%
    $1.2T
  19. 020
    CAPTRUSTRaleigh, NC · 41,750 clientsAsset managerHybridCapfinancial Securities, LLC.
    No custodian reported
    $1.2T
  20. 021
    Pgim, Inc.Newark, NJ · 611 clientsAsset managerHybridPgim (hong Kong) LTD., Pruco Securities, LLC
    J.P. Morgan 57%
    $1.1T
  21. 022
    Blackrock Advisors, LLCNew York, NY · 189 clientsAsset managerHybridBlackrock Asset Management Deutschland AG, Blackrock Execution Services
    BNY 100%
    $1.1T
  22. 023
    Dimensional Fund Advisors LPAustin, TX · 2,311 clientsAsset managerHybridDFA Securities LLC, Dimensional Fund Advisors Canada ULC
    State Street 51%BNY 31%
    $1.0T
  23. 024
    Edward JonesSt. Louis, MO · 4,069,320 clientsBroker-dealer firmHybridEdward Jones
    Edward Jones Trust 68%Edward Jones 32%
    $1.0T
  24. 025
    Managed Account Advisors LLCJersey City, NJ · 1,446,258 clientsWealth managerBank-affiliatedAffiliated broker-dealerBank of America Singapore Limited, Bank of America Yatirim Bank A.S.
    Merrill / Bank of America 100%
    $995B
  25. 026
    Invesco Capital Management LLCDowners Grove, IL · 444 clientsAsset managerHybridInvesco Capital Markets, Inc., Invesco Distributors, Inc.
    Amalgamated Bank 77%
    $941B
  26. 027
    UBS Financial Services Inc.Weehawken, NJ · 1,144,588 clientsBroker-dealer firmHybridUBS AG, UBS Asset Management (americas) LLC
    No custodian reported
    $916B
  27. 028
    Mellon Investments CorporationPittsburgh, PA · 3,942 clientsAsset managerHybridBNY Mellon Asset Management Canada Limited, BNY Mellon Capital Markets, LLC, clears through Pershing
    BNY 61%State Street 23%
    $874B
  28. 029
    LPL Financial LLCFort Mill, SC · 1,986,990 clientsBroker-dealer firmHybridCommonwealth Equity Services, LLC, LPL Enterprise, LLC
    No custodian reported
    $819B
  29. 030
    Alliancebernstein L.P.Nashville, TN · 30,285 clientsAsset managerHybridAlliancebernstein Investments, Inc., Bernstein Autonomous Research LLP
    Sanford C. Bernstein & Co. 53%J.P. Morgan 47%
    $763B
  30. 031
    Invesco Advisers, Inc.Atlanta, GA · 82,498 clientsAsset managerHybridInvesco Capital Markets, Inc., Invesco Distributors, Inc.
    BNY 34%State Street 31%
    $750B
  31. 033
    Apollo Capital Management, L.P.New York, NY · 803 clientsPrivate fund adviserHybridApollo Global Securities, LLC, Athene Securities, LLC, clears through Pershing
    Citi 100%
    $718B
  32. 034
    Morgan Stanley Investment Management Inc.New York, NY · 22,803 clientsAsset managerHybridEaton Vance Distributors, Inc., Morgan Stanley & Co. International PLC
    State Street 40%Morgan Stanley 40%
    $702B
  33. 035
    Parametric Portfolio AssociatesSeattle, WA · 240,290 clientsWealth managerPublic-company ownedHybridEaton Vance Distributors, Inc., Morgan Stanley & Co. LLC
    Morgan Stanley 54%BNY 46%
    $685B
  34. 036
    Blackrock Investment Management, LLCPrinceton, NJ · 10,859 clientsAsset managerHybridBlackrock Asset Management Deutschland AG, Blackrock Execution Services
    Citi 53%Merrill / Bank of America 47%
    $677B
  35. 037
    Wells Fargo AdvisorsSt. Louis, MO · 1,324,168 clientsBroker-dealer firmHybridWells Fargo Advisors Financial Network, LLC, Wells Fargo Bank, National Association
    No custodian reported
    $671B
  36. 038
    Ameriprise Financial Services, LLCMinneapolis, MN · 1,386,329 clientsBroker-dealer firmHybridAmerican Enterprise Investment Services Inc., Columbia Management Investment Distributors, Inc.
    American Enterprise Investment Services 100%
    $660B
  37. 039
    Goldman Sachs Asset Management InternationalLondon, United Kingdom · 2,494 clientsPrivate fund adviserHybridFolio Investments, Inc., Goldman Sachs & Co. LLC
    J.P. Morgan 39%Northern Trust 32%
    $621B
  38. 040
    Envestnet PMCBerwyn, PA · 2,241,364 clientsWealth managerWrap sponsorHybridEnvestnet Securities, Inc., Fidx Markets LLC
    Fidelity 73%Pershing 27%
    $615B
  39. 041
    Nomura Asset Management Co., LTD.Tokyo, Japan · 1,712 clientsPrivate fund adviserAffiliated broker-dealer
    The Master Trust Bank of Japan, LTD. 65%Mitsubishi UFJ Trust and Banking 35%
    $602B
  40. 042
    Federated Investment Management CompanyPittsburgh, PA · 71 clientsAsset managerAffiliated broker-dealerFederated Securities Corp.
    No custodian reported
    $590B

RIAs by state