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Est. 2026The front page of wealth managementNew York

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RB Schwab trumpeted Anthropic's Claude for all 16,000 of its RIAs, but a 20-seat enterprise minimum suddenly sidelines 11,000-plus small firms -- right before IMPACT 20264K Social Security Database Cleanup Corrects 50 Million RecordsFP Do smaller RIAs really need to own their data?RB Bank of America analyst 'double' slams Ameriprise not least because RIA 'structural' advantage triggered proactive in-house retention bonuses that take a bite out of margins and may not retain big teams long-termIN Trump to ease 50% Canada tariffs on farm equipment, packaging goodsWM The New Rules of Record Keeper SelectionWM SEC Examiners' 2027 Focus Includes Firms' Protections Against AI Phishing, DeepfakesIN People moves: RBC taps Raymond James veteran for Texas complexWM Lido CEO Signals Openness to International Expansion4K SEC Targets Private Markets, AI and Fiduciary Risks Among 2027 Exam Priorities
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Free from Atlas · SEC filings as of October 1, 2026

The RIA database

Firms we coverAtlas 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. 873
    Bxmt Advisors L.L.C.New York, NY · 2 clientsPrivate fund adviserHybridBlackstone Securities Partners L.P., Currencies Direct LTD
    No custodian reported
    $20B
  2. 874
    Summit Trail Advisors, LLCNew York, NY · 742 clientsWealth managerHybridSummit Trail Securities, LLC
    Pershing 55%Schwab 25%
    $20B
  3. 875
    New Edge WealthStamford, CT · 3,692 clientsWealth managerWrap sponsorHybridMID Atlantic Clearing & Settlement Corporation, Newedge Securities, LLC
    Fidelity 85%
    $20B
  4. 876
    Kare Manager Holdings, L.P.Boca Raton, FL · 29 clientsPrivate fund adviserHybridKA Associates, LLC
    No custodian reported
    $20B
  5. 879
    Record Currency Management IncNew York, NY · 1 clientsAsset managerAffiliated broker-dealerInte Securities LLC
    No custodian reported
    $20B
  6. 882
    Ares Capital Management II LLCLos Angeles, CA · 28 clientsAsset managerHybridAres Management Capital Markets LLC, Aspida Financial Distributors, LLC
    Caceis 100%
    $20B
  7. 883
    Park Avenue Securities LLCNew York, NY · 82,118 clientsBroker-dealer firmHybrid
    No custodian reported
    $20B
  8. 886
    Ellington Financial Management LLCOld Greenwich, CT · 1 clientsPrivate fund adviserHybridArmstrong Securities LLC
    No custodian reported
    $19B
  9. 889
    Amova Asset Management UK LimitedLondon, United Kingdom · 17 clientsAsset managerAffiliated broker-dealerAmova Securities Co., LTD.
    $19B
  10. 892
    Veritas Asset Management LLPLondon, United Kingdom · 40 clientsAsset managerAffiliated broker-dealerAMG Distributors, Inc.
    No custodian reported
    $19B
  11. 894
    Burgundy Asset Management LTD.Toronto, Ontario, Canada · 3,334 clientsWealth managerBank-affiliatedAffiliated broker-dealerBMO Capital Markets Corp.
    RBC 77%Northern Trust 23%
    $19B
  12. 895
    Allianz Investment Management LLCMinneapolis, MN · 74 clientsAsset managerHybridAllianz Life Financial Services, LLC
    No custodian reported
    $19B
  13. 900
    Benjamin F. Edwards & Company, IncorporatedSt. Louis, MO · 33,057 clientsBroker-dealer firmHybridBenjamin F. Edwards & Company, Incorporated
    Pershing 100%
    $19B
  14. 904
    Fidelity Diversifying Solutions LLCBoston, MA · 35 clientsAsset managerAffiliated broker-dealerDigital Brokerage Services LLC, Fidelity Brokerage Services LLC, clears through National Financial Services (Fidelity)
    BNY 51%State Street 38%
    $19B
  15. 907
    Transamerica Retirement Advisors, LLCCedar Rapids, IA · 212,722 clientsWealth managerPublic-company ownedHybridTransamerica Capital, LLC, Transamerica Financial Advisors, LLC
    State Street 48%American Trust Custody 26%Pershing 26%
    $19B
  16. 908
    Boyd Watterson Asset Management, LLCCleveland, OH · 1,102 clientsPrivate fund adviserHybridBrean Capital, LLC, S2k Financial LLC
    PNC Bank 100%
    $19B
  17. 909
    Blackstone Liquid Credit Strategies LLCNew York, NY · 43 clientsAsset managerHybridASK Investment Managers LTD., Blackstone Securities Partners L.P.
    BNY 100%
    $19B
  18. 911
    Stratos Wealth Partners, LTDBeachwood, OH · 25,391 clientsWealth managerBank-affiliatedHybridSEI Investments (south Africa) Limited, SEI Investments Distribution Co.
    LPL Financial 76%Fidelity 24%
    $19B
  19. 912
    Pgim Luxembourg S.A.Luxembourg, Luxembourg · 33 clientsPrivate fund adviserAffiliated broker-dealerPgim (hong Kong) LTD., Prudential Investment Management Services LLC
    No custodian reported
    $19B
  20. 917
    Kotak Alternate Asset Managers LimitedMumbai, India · 1,845 clientsAsset managerAffiliated broker-dealerKotak Mahindra (international) Limited, Kotak Mahindra Capital Company LTD.
    No custodian reported
    $19B
  21. 919
    AB Carval Investors, LPMinneapolis, MN · 69 clientsPrivate fund adviserAffiliated broker-dealerAlliancebernstein Investments, Inc., Bernstein Autonomous Research LLP
    J.P. Morgan 51%Northern Trust 49%
    $18B
  22. 922
    Spectrum Asset Management, Inc.Stamford, CT · 74 clientsAsset managerHybridPrincipal Funds Distributor, Inc., Principal Securities, Inc., clears through National Financial Services (Fidelity)
    Merrill / Bank of America 47%Morgan Stanley 33%
    $18B
  23. 925
    Siguler Guff Advisers LLCNew York, NY · 146 clientsPrivate fund adviserHybridSiguler Guff Global Markets, LLC
    Citi 100%
    $18B
  24. 926
    AMG Funds LLCStamford, CT · 5 clientsAsset managerHybridAMG Distributors, Inc.
    No custodian reported
    $18B
  25. 931
    Reverence Capital PartnersNew York, NY · 53 clientsPrivate fund adviserHybridMPA BD Services LLC
    No custodian reported
    $18B
  26. 932
    Townsquare Capital, LLCLehi, UT · 96 clientsAsset managerHybridBrinker Capital Securities, LLC, clears through National Financial Services (Fidelity)
    Schwab 88%
    $18B
  27. 933
    Mackenzie InvestmentsBoston, MA · 53 clientsPrivate fund adviserHybridIG Wealth Management Inc., Mackenzie Financial Corporation
    CIBC Mellon 38%State Street 29%Master Trust Company of Japan 29%
    $18B
  28. 935
    StephensLittle Rock, AR · 21,991 clientsBroker-dealer firmHybridStephens Europe Limited
    Pershing 100%
    $18B
  29. 936
    Blackrock Alternatives Management, LLCNew York, NY · 30 clientsPrivate fund adviserHybridBlackrock Asset Management Deutschland AG, Blackrock Execution Services
    No custodian reported
    $18B
  30. 938
    Mercury Advisory, LLCSan Francisco, CA · 10,487 clientsAsset managerHybridMercury Investment Services LLC
    Apex Fintech 100%
    $18B
  31. 940
    Blackstone Private Investments Advisors L.L.C.New York, NY · 4 clientsPrivate fund adviserHybridBlackstone Securities Partners L.P., Currencies Direct LTD
    No custodian reported
    $18B
  32. 942
    Wilmington Trust Investment Advisors, Inc.Wilmington, DE · 155 clientsAsset managerAffiliated broker-dealerM&t Securities, Inc., Manufacturers and Traders Trust Company
    No custodian reported
    $18B
  33. 945
    Wellington Management Japan PTE LTDTokyo, Japan · 49 clientsBroker-dealer firmAffiliated broker-dealerWellington Funds Distributors Inc.
    Brown Brothers Harriman 73%
    $18B
  34. 948
    Invesco Loan Manager, LLCNew York, NY · 44 clientsPrivate fund adviserHybridInvesco Capital Markets, Inc., Invesco Distributors, Inc.
    No custodian reported
    $18B
  35. 953
    CF Private Equity, Inc.Norwalk, CT · 88 clientsPrivate fund adviserHybridCommonfund Securities, Inc.
    No custodian reported
    $18B
  36. 955
    Patient Square Capital, LPMenlo Park, CA · 30 clientsPrivate fund adviserHybridPatient Square Capital Markets, LLC
    No custodian reported
    $18B
  37. 956
    Penserra Capital Management LLCOrinda, CA · 49 clientsAsset managerHybridPenserra Securities, LLC
    No custodian reported
    $18B
  38. 959
    Envestnet Portfolio Solutions, Inc.Berwyn, PA · 60,663 clientsWealth managerWrap sponsorHybridEnvestnet Securities, Inc., Fidx Markets LLC
    U.S. Bancorp Investments 89%
    $17B
  39. 962
    Bosera Asset Management (international) Co., LimitedHong Kong, Hong Kong · 51 clientsBroker-dealer firmAffiliated broker-dealer
    No custodian reported
    $17B
  40. 969
    Manning & Napier Advisors, LLCFairport, NY · 3,474 clientsAsset managerHybridManning & Napier Investor Services, Inc.
    Exeter Trust 73%Schwab 27%
    $17B

RIAs by state