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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 2026FP 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 PrioritiesIN RIA M&A runs up to 5x reported totals, Steward Partners CEO says
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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. 440
    Invesco Management S.A.Luxembourg, Luxembourg · 95 clientsAsset managerAffiliated broker-dealerInvesco Capital Markets, Inc., Invesco Distributors, Inc.
    HSBC Bank PLC 61%J.P. Morgan 39%
    $49B
  2. 441
    SCS Capital Management LLCBoston, MA · 589 clientsWealth managerAffiliated broker-dealer
    Fidelity 54%Pershing 24%
    $49B
  3. 444
    Capital Group Private Client Services, Inc.Los Angeles, CA · 9,843 clientsWealth managerBank-affiliatedAffiliated broker-dealerCapital Client Group, Inc.
    BNY 100%
    $48B
  4. 445
    Manulife Investment Management Private Markets (US) LLCBoston, MA · 63 clientsAsset managerHybridJohn Hancock Distributors LLC, John Hancock Investment Management Distributors LLC
    Standard Chartered Bank 55%BNY 45%
    $48B
  5. 446
    Thrivent Asset Management, LLCMinneapolis, MN · 31 clientsAsset managerHybridThrivent Distributors, LLC, Thrivent Investment Management Inc.
    No custodian reported
    $48B
  6. 447
    Portfolio Advisors LLCDarien, CT · 114 clientsPrivate fund adviserAffiliated broker-dealerFS Investment Solutions, LLC
    No custodian reported
    $48B
  7. 448
    Wealthfront Advisers LLCPalo Alto, CA · 518,639 clientsWealth managerWrap sponsorHybridWealthfront Brokerage LLC, clears through RBC Capital Markets
    RBC 100%
    $48B
  8. 451
    Ashmore Investment Management LTDLondon, United Kingdom · 101 clientsAsset managerHybridAshmore Investment Management (US) Corporation
    Northern Trust 41%HSBC 30%Citi 27%
    $47B
  9. 453
    Equitable Advisors, LLCNew York, NY · 76,027 clientsBroker-dealer firmHybridAlliancebernstein Investments, Inc., Bernstein Institutional Services LLC
    LPL Financial 100%
    $47B
  10. 456
    Bessemer Investment Management LLCNew York, NY · 11 clientsAsset managerHybridBessemer Investor Services, Inc.
    No custodian reported
    $47B
  11. 458
    Canso Investment Counsel LTD.Richmond Hill, Ontario, Canada · 105 clientsBroker-dealer firmAffiliated broker-dealerJesselton Capital Management Inc., Lysander Funds Limited
    State Street 41%CIBC Mellon 34%RBC 25%
    $47B
  12. 460
    NLG Capital LLCMontpelier, VT · 10 clientsAsset managerHybridEquity Services, Inc.
    J.P. Morgan 100%
    $47B
  13. 464
    Blue Owl Credit Private Fund Advisors LLCNew York, NY · 154 clientsPrivate fund adviserHybridBlue Owl Securities LLC
    State Street 100%
    $46B
  14. 469
    Chandler Asset Management IncSan Diego, CA · 259 clientsAsset managerHybridChandler Distribution Services, LLC
    U.S. Bank 59%
    $45B
  15. 475
    IFM Investors (US) Advisor, LLCNew York, NY · 14 clientsPrivate fund adviserHybridIFM (US) Securities, LLC, IFM Investors (japan) PTY LTD
    BNY 100%
    $44B
  16. 476
    Panagora Asset Management IncBoston, MA · 99 clientsAsset managerAffiliated broker-dealer
    State Street 72%
    $44B
  17. 477
    Blackstone Alternative Credit Advisors LPNew York, NY · 136 clientsPrivate fund adviserHybridASK Investment Managers LTD., Blackstone Securities Partners L.P.
    BNP Paribas Securities Services Australia Branch 46%BNY 29%Citi 25%
    $44B
  18. 478
    Calamos Advisors LLCNaperville, IL · 1,957 clientsAsset managerHybridCalamos Financial Services LLC
    Fidelity 69%U.S. Bank 31%
    $44B
  19. 479
    Apogem Capital LLCNew York, NY · 144 clientsPrivate fund adviserHybridNylife Distributors LLC, Nylife Securities LLC, clears through National Financial Services (Fidelity)
    No custodian reported
    $44B
  20. 483
    Newedge AdvisorsNew Orleans, LA · 49,898 clientsWealth managerWrap sponsorHybridNewedge Securities, LLC
    Fidelity 36%LPL Financial 28%
    $43B
  21. 484
    Wells Fargo Investment Institute, Inc.Charlotte, NC · 12,216 clientsWealth managerBank-affiliatedHybridWells Fargo Advisors Financial Network, LLC, Wells Fargo Bank, National Association
    Wells Fargo 100%
    $43B
  22. 488
    Pacific Life Fund Advisors LLCNewport Beach, CA · 3 clientsAsset managerHybridPacific Select Distributors, LLC
    No custodian reported
    $43B
  23. 491
    Franklin Mutual Advisers, LLCShort Hills, NJ · 62 clientsAsset managerHybridClarion Partners Emea Limited, Clarion Partners Europe (u.k.) Limited
    Schwab 100%
    $43B
  24. 492
    LidoLos Angeles, CA · 13,800 clientsWealth managerHybridLido Securities, LLC
    Fidelity 70%Schwab 30%
    $43B
  25. 494
    Newton Investment Management LTDLondon, United Kingdom · 99 clientsPrivate fund adviserAffiliated broker-dealerBNY Mellon Asset Management Canada LTD, BNY Mellon Capital Markets, LLC, clears through Pershing
    BNY 61%Northern Trust 28%
    $42B
  26. 495
    T.rowe Price Hong Kong LimitedCentral, Hong Kong · 73 clientsPrivate fund adviserAffiliated broker-dealerT. Rowe Price Investment Services, Inc.
    State Street 66%BNY 34%
    $42B
  27. 496
    Penn Mutual Asset Management, LLCConshohocken, PA · 35 clientsAsset managerHybridHornor, Townsend & Kent, LLC
    BNY 100%
    $42B
  28. 497
    Sunamerica Asset Management, LLCNew York, NY · 73 clientsAsset managerAffiliated broker-dealerDirected Services LLC
    No custodian reported
    $42B
  29. 500
    Pacer Advisors, Inc.Malvern, PA · 71 clientsBroker-dealer firmHybridPacer Financial, Inc.
    No custodian reported
    $42B
  30. 503
    Securian Asset Management, Inc.St Paul, MN · 45 clientsAsset managerAffiliated broker-dealerSecurian Financial Services, Inc.
    BNY 89%
    $42B
  31. 504
    Focus Advisor Solutions, LLCSt. Louis, MO · 35,101 clientsWealth managerHybrid
    Schwab 70%
    $41B
  32. 506
    Abrdn Inc.Philadelphia, PA · 166 clientsAsset managerHybridAberdeen Fund Distributors, LLC
    Master Trust Bank of Japan 39%Citi 30%J.P. Morgan 30%
    $41B
  33. 508
    Parnassus Investments, LLCSan Francisco, CA · 30 clientsAsset managerHybridAMG Distributors, Inc.
    Northern Trust 40%
    $41B
  34. 510
    Morgan Stanley AIP GP LPWest Conshohocken, PA · 199 clientsPrivate fund adviserHybridEaton Vance Distributors, Inc., Morgan Stanley & Co. LLC
    BNY 45%State Street 39%
    $41B
  35. 514
    Franklin Templeton Investment Management LimitedLondon, United Kingdom · 142 clientsPrivate fund adviserAffiliated broker-dealerClarion Partners Emea Limited, Clarion Partners Europe (u.k.) Limited
    Citi 34%Northern Trust 29%
    $41B
  36. 515
    Blackstone Tactical Opportunities Advisors L.L.C.New York, NY · 103 clientsPrivate fund adviserHybridBlackstone Securities Partners L.P., Currencies Direct LTD
    Merrill / Bank of America 100%
    $40B
  37. 516
    Milliman Financial Risk Management LLCChicago, IL · 76 clientsAsset managerHybridMilliman Investment Management Services LLC, clears through Wedbush
    J.P. Morgan 64%
    $40B
  38. 517
    Abrdn Asia LimitedSingapore, Singapore · 118 clientsPrivate fund adviserAffiliated broker-dealerAberdeen Fund Distributors, LLC, Abrdn Korea Co. Limited.
    Citi 27%J.P. Morgan 23%
    $40B
  39. 518
    Calvert Research and ManagementWashington, DC · 1,915 clientsAsset managerHybridEaton Vance Distributors, Inc., Morgan Stanley Asia Limited
    Morgan Stanley 48%J.P. Morgan 37%
    $40B
  40. 519
    Cerity Partners Retirement Plan ConsultantsNew York, NY · 850 clientsAsset managerAffiliated broker-dealerCP Client Solutions LLC
    Northern Trust 34%U.S. Bank 26%
    $40B

RIAs by state