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WSR The Most Important Year-End Review Is Your OwnWSR AmeriFlex Recruits 17 Advisors Representing Over $1.4 Billion In Client AssetsWSR Cerulli: Many Investors Still Struggle To Understand Advisors’ FeesWSR Dear Ryan: Transformed On Paper, Uncertain In PracticeIN Meta deal shields Zuckerberg from California wealth tax billRB 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 AnthropicWM The Diamond Podcast for Financial Advisors: How Smart Money Evaluates Wealth Management FirmsWM Cerulli: $5B+ Fee-Only Independent RIAs Face 'Shrinking Footprint'FP Why fee-based models are the future of advisor compensationIN Inheritance conflict is the rule, not the exception, Wells Fargo finds
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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. 090
    Victory Capital Management Inc.SAN Antonio, TX · 18,120 clientsAsset managerHybridVictory Capital Services, Inc., clears through Pershing
    BNY 57%State Street 24%
    $283B
  2. 091
    Nuveen Asset Management, LLCChicago, IL · 65,258 clientsAsset managerHybridNuveen Securities, LLC
    Morgan Stanley 41%Schwab 30%Merrill / Bank of America 29%
    $280B
  3. 092
    T. Rowe Price International LTDLondon, United Kingdom · 223 clientsAsset managerAffiliated broker-dealerT. Rowe Price Investment Services, Inc.
    State Street 62%HSBC Hong Kong 23%
    $277B
  4. 093
    Voya Investment Management Co. LLCNew York, NY · 566 clientsAsset managerHybridVoya Financial Advisors, Inc., Voya Financial Partners, LLC
    BNY 61%State Street 23%
    $275B
  5. 096
    KKR Credit Advisors (US) LLCSAN Francisco, CA · 204 clientsAsset managerHybridAlps Co-Invest GP LLC, KKR Australia Investment Management PTY Limited
    U.S. Bank 83%
    $271B
  6. 097
    Lord, Abbett & Co. LLCJersey City, NJ · 25,775 clientsAsset managerHybridLord Abbett Distributor LLC
    Merrill / Bank of America 49%BNY 27%Morgan Stanley 24%
    $270B
  7. 099
    HSBC Global Asset Management (UK) LimitedLondon, United Kingdom · 294 clientsPrivate fund adviserAffiliated broker-dealer
    No custodian reported
    $260B
  8. 100
    Cetera Investment Advisers LLCSchaumburg, IL · 813,961 clientsWealth managerWrap sponsorHybridCetera Advisors LLC, Cetera Financial Specialists LLC, clears through Pershing
    Pershing 61%Fidelity 23%
    $257B
  9. 101
    Wells Fargo AdvisorsSt. Louis, MO · 466,575 clientsBroker-dealer firmHybridWells Fargo Bank, National Association., Wells Fargo Clearing Services, LLC
    Wells Fargo 100%
    $252B
  10. 102
    Capital Bank and Trust CompanyIrvine, CA · 588 clientsPrivate fund adviserHybridCapital Client Group, Inc.
    BNY 100%
    $251B
  11. 103
    Vanguard Global Advisers, LLCMalvern, PA · 78 clientsPrivate fund adviserHybridVanguard Investments Canada Inc., Vanguard Marketing Corporation
    No custodian reported
    $250B
  12. 105
    Amova Asset Management Co.,ltd.Tokyo, Japan · 839 clientsPrivate fund adviserAffiliated broker-dealerAmova Securities Co., LTD.
    Sumitomo Mitsui Trust Bank, Limited. 38%The Master Trust Bank of Japan, LTD. 23%
    $247B
  13. 106
    Jackson National Asset Management, LLCLansing, MI · 134 clientsAsset managerHybridJackson National Life Distributors LLC
    No custodian reported
    $246B
  14. 107
    Guggenheim Partners Investment Management, LLCNew York, NY · 440 clientsAsset managerHybridGuggenheim Funds Distributors, LLC, Guggenheim Investor Services, LLC, clears through Pershing
    Citi 86%
    $241B
  15. 108
    Osaic Wealth, Inc.Scottsdale, AZ · 575,512 clientsBroker-dealer firmHybridLadenburg Thalmann & Co. Inc., Osaic Institutions, Inc.
    Pershing 61%Fidelity 39%
    $235B
  16. 109
    Two Sigma Investments, LPNew York, NY · 42 clientsPrivate fund adviserHybridTwo Sigma Execution Services, LLC, Two Sigma Securities UK Limited
    Morgan Stanley 100%
    $233B
  17. 110
    DWS International GmbhFrankfurt AM Main, Germany · 136 clientsBroker-dealer firmAffiliated broker-dealerDeutsche Bank AG
    BNY 42%State Street 33%Deutsche Bank AG 26%
    $229B
  18. 111
    Manulife Investment Management (US) LLCBoston, MA · 4,861 clientsAsset managerHybridJohn Hancock Distributors LLC, John Hancock Investment Management Distributors LLC
    State Street 66%
    $228B
  19. 113
    Mercer Investments LLCBoston, MA · 1,407 clientsAsset managerHybridMMA Securities LLC, MMC Securities LLC, clears through Pershing
    Northern Trust 57%Fidelity 43%
    $226B
  20. 117
    SEI Investments Management CorpOaks, PA · 112,646 clientsAsset managerHybridSEI Investments (south Africa) Limited, SEI Investments Distribution Co.
    SEI 100%
    $216B
  21. 118
    Jennison AssociatesNew York, NY · 6,083 clientsAsset managerHybridPrudential Investment Management Services LLC
    BNY 38%Northern Trust 33%State Street 28%
    $215B
  22. 119
    D. E. Shaw & Co., L.P.New York, NY · 23 clientsPrivate fund adviserHybridD.E. Shaw Securities, L.L.C.
    No custodian reported
    $213B
  23. 120
    Commonwealth Financial NetworkWaltham, MA · 360,488 clientsBroker-dealer firmHybridLPL Enterprise, LLC, LPL Financial LLC
    Fidelity 100%
    $213B
  24. 121
    John Hancock Investment Management LLCBoston, MA · 126 clientsAsset managerHybridJohn Hancock Distributors LLC, John Hancock Investment Management Distributors LLC
    No custodian reported
    $212B
  25. 125
    Northern Trust Global Investments LTDLondon, United Kingdom · 76 clientsPrivate fund adviserAffiliated broker-dealerNorthern Trust Securities LLP, Northern Trust Securities, Inc.
    Northern Trust 37%BNY 32%
    $208B
  26. 126
    Federated Investment CounselingPittsburgh, PA · 8,721 clientsAsset managerAffiliated broker-dealerFederated Securities Corp.
    BNY 100%
    $207B
  27. 128
    Abrdn Investments LimitedEdinburgh, United Kingdom · 468 clientsPrivate fund adviserAffiliated broker-dealerAberdeen Fund Distributors, LLC, Abrdn Investments Middle East Limited
    Citi 100%
    $207B
  28. 129
    T.rowe Price Investment Management, Inc.Baltimore, MD · 64 clientsAsset managerAffiliated broker-dealerT. Rowe Price Investment Services, Inc.
    Northern Trust 48%
    $204B
  29. 130
    Olive Street Investment Advisers, LLCSt. Louis, MO · 2 clientsAsset managerHybridEdward D. Jones & Co., L.P., Edward Jones
    No custodian reported
    $204B
  30. 131
    IFM Investors PTY LTDMelbourne, Australia · 80 clientsPrivate fund adviserHybridIFM (US) Securities, LLC, IFM Investors (japan) PTY LTD
    No custodian reported
    $203B
  31. 132
    DWS Investment Management Americas, Inc.New York, NY · 159 clientsAsset managerHybridDWS Distributors, Inc., Deutsche Bank AG
    J.P. Morgan 52%BNY 29%
    $200B
  32. 133
    Hightower Advisors, LLCChicago, IL · 64,035 clientsWealth managerHybridHightower Securities, LLC, clears through National Financial Services (Fidelity), Pershing, J.P. Morgan
    Fidelity 46%Schwab 36%
    $199B
  33. 134
    Stifel, Nicolaus & Company, IncorporatedSt Louis, MO · 236,191 clientsBroker-dealer firmHybridKeefe, Bruyette & Woods, Inc., Stifel Europe AG, clears through Stifel
    No custodian reported
    $198B
  34. 135
    Empower Advisory Group, LLCGreenwood Village, CO · 297,074 clientsWealth managerHybridEmpower Financial Services, Inc.
    Empower 67%Pershing 24%
    $195B
  35. 136
    Mackenzie InvestmentsToronto, Ontario, Canada · 484 clientsBroker-dealer firmHybridIG Wealth Management Inc., IPC Investment Corporation
    CIBC Mellon 98%
    $195B
  36. 137
    Gallagher Fiduciary Advisors, LLCRolling Meadows, IL · 6,120 clientsAsset managerHybridGBS Retirement Services, Inc.
    No custodian reported
    $195B
  37. 139
    Invesco Asset Management LTD.Henley-On-Thames, United Kingdom · 206 clientsPrivate fund adviserAffiliated broker-dealerInvesco Capital Markets, Inc., Invesco Distributors, Inc.
    Northern Trust 30%HSBC Bank PLC 23%
    $188B
  38. 140
    Macquarie Investment Management Global LimitedSydney, Australia · 223 clientsAsset managerAffiliated broker-dealerMacquarie Asset Management Japan Co., LTD., Macquarie Bank Limited
    State Street 71%
    $187B
  39. 141
    Nuveen Fund Advisors, LLCChicago, IL · 235 clientsAsset managerHybridNuveen Securities, LLC
    No custodian reported
    $186B
  40. 142
    Western Asset Management CompanyPasadena, CA · 31,897 clientsAsset managerHybridFranklin Distributors, LLC, Franklin Templeton International Services S.a R.L.
    BNY 100%
    $185B

RIAs by state