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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

3,733 firms manage $117.7 trillionhybrid

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. 909
    Blackstone Liquid Credit Strategies LLCNew York, NY · 43 clientsAsset managerHybridASK Investment Managers LTD., Blackstone Securities Partners L.P.
    BNY 100%
    $19B
  2. 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
  3. 921
    Saba Capital Management, L.P.New York, NY · 41 clientsPrivate fund adviserHybrid
    TD Prime Services 40%Morgan Stanley 36%
    $18B
  4. 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
  5. 925
    Siguler Guff Advisers LLCNew York, NY · 146 clientsPrivate fund adviserHybridSiguler Guff Global Markets, LLC
    Citi 100%
    $18B
  6. 926
    AMG Funds LLCStamford, CT · 5 clientsAsset managerHybridAMG Distributors, Inc.
    No custodian reported
    $18B
  7. 931
    Reverence Capital PartnersNew York, NY · 53 clientsPrivate fund adviserHybridMPA BD Services LLC
    No custodian reported
    $18B
  8. 932
    Townsquare Capital, LLCLehi, UT · 96 clientsAsset managerHybridBrinker Capital Securities, LLC, clears through National Financial Services (Fidelity)
    Schwab 88%
    $18B
  9. 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
  10. 935
    StephensLittle Rock, AR · 21,991 clientsBroker-dealer firmHybridStephens Europe Limited
    Pershing 100%
    $18B
  11. 936
    Blackrock Alternatives Management, LLCNew York, NY · 30 clientsPrivate fund adviserHybridBlackrock Asset Management Deutschland AG, Blackrock Execution Services
    No custodian reported
    $18B
  12. 937
    Boothbay Fund ManagementNew York, NY · 11 clientsPrivate fund adviserHybrid
    No custodian reported
    $18B
  13. 938
    Mercury Advisory, LLCSan Francisco, CA · 10,487 clientsAsset managerHybridMercury Investment Services LLC
    Apex Fintech 100%
    $18B
  14. 939
    Stepstone Private WealthCharlotte, NC · 14 clientsAsset managerHybrid
    No custodian reported
    $18B
  15. 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
  16. 946
    F/m Investments LLCWashington, DC · 5,780 clientsAsset managerHybrid
    U.S. Bancorp Investments 100%
    $18B
  17. 947
    Amplify EtfsLisle, IL · 42 clientsAsset managerHybrid
    No custodian reported
    $18B
  18. 948
    Invesco Loan Manager, LLCNew York, NY · 44 clientsPrivate fund adviserHybridInvesco Capital Markets, Inc., Invesco Distributors, Inc.
    No custodian reported
    $18B
  19. 953
    CF Private Equity, Inc.Norwalk, CT · 88 clientsPrivate fund adviserHybridCommonfund Securities, Inc.
    No custodian reported
    $18B
  20. 955
    Patient Square Capital, LPMenlo Park, CA · 30 clientsPrivate fund adviserHybridPatient Square Capital Markets, LLC
    No custodian reported
    $18B
  21. 956
    Penserra Capital Management LLCOrinda, CA · 49 clientsAsset managerHybridPenserra Securities, LLC
    No custodian reported
    $18B
  22. 959
    Envestnet Portfolio Solutions, Inc.Berwyn, PA · 60,663 clientsWealth managerWrap sponsorHybridEnvestnet Securities, Inc., Fidx Markets LLC
    U.S. Bancorp Investments 89%
    $17B
  23. 961
    Fiera Capital Inc.New York, NY · 4,643 clientsAsset managerHybrid
    Brown Brothers Harriman & 27%State Street 26%Goldman Sachs 23%J.P. Morgan 23%
    $17B
  24. 964
    Independent Advisor Alliance, LLCCharlotte, NC · 45,002 clientsWealth managerWrap sponsorHybrid
    LPL Financial 100%
    $17B
  25. 969
    Manning & Napier Advisors, LLCFairport, NY · 3,474 clientsAsset managerHybridManning & Napier Investor Services, Inc.
    Exeter Trust 73%Schwab 27%
    $17B
  26. 970
    Principal Securities, Inc.Des Moines, IA · 51,941 clientsBroker-dealer firmHybridPrincipal Funds Distributor, Inc., Sami Brokerage LLC, clears through National Financial Services (Fidelity)
    Fidelity 100%
    $17B
  27. 972
    TPG Real Estate Advisors, LLCFort Worth, TX · 35 clientsPrivate fund adviserHybridAngelo, Gordon Hong Kong Limited, TPG Angelo, Gordon International LLC
    No custodian reported
    $17B
  28. 975
    Raymond James Investment ManagementSt Petersburg, FL · 5 clientsAsset managerHybridCarillon Fund Distributors, Inc., Cebile Capital LLP
    No custodian reported
    $17B
  29. 977
    Nationwide Investment Advisors, LLCColumbus, OH · 251,223 clientsWealth managerBank-affiliatedHybridNationwide Fund Distributors LLC, Nationwide Investment Services Corporation
    Nationwide Trust Company, FSB 72%Nationwide Life Insurance 28%
    $17B
  30. 982
    Citizens Private WealthTarrytown, NY · 2,567 clientsWealth managerBank-affiliatedHybridCitizens JMP Securities, LLC, Citizens Securities, Inc.
    Fidelity 54%Schwab 46%
    $17B
  31. 984
    Aristotle Investment Services, LLCNewport Beach, CA · 1 clientsAsset managerHybrid
    No custodian reported
    $17B
  32. 990
    O'connor Alternative Investments, LLCNew York, NY · 42 clientsPrivate fund adviserHybridCantor Fitzgerald & Co.
    J.P. Morgan 93%
    $16B
  33. 994
    Bain Capital Asset Management, LPBoston, MA · 57 clientsPrivate fund adviserHybridBain Capital Markets, LLC
    No custodian reported
    $16B
  34. 995
    Independent Financial PartnersTampa, FL · 54,154 clientsWealth managerHybridIFP Securities, LLC, clears through Pershing
    Fidelity 34%Schwab 30%
    $16B
  35. 996
    Venerable Investment Advisers, LLCWest Chester, PA · 21 clientsAsset managerHybridDirected Services LLC
    No custodian reported
    $16B
  36. 998
    Great Lakes Advisors, LLCChicago, IL · 1,731 clientsAsset managerHybrid
    State Street 47%LPL Financial 31%
    $16B
  37. 1000
    Blue Owl Technology Credit Advisors LLCNew York, NY · 5 clientsAsset managerHybridBlue Owl Securities LLC
    No custodian reported
    $16B
  38. 1001
    Fs/kkr Advisor, LLCPhiladelphia, PA · 3 clientsAsset managerHybridFS Investment Solutions, LLC, Global Atlantic Distributors, LLC
    No custodian reported
    $16B
  39. 1004
    50 South Capital Advisors, LLCChicago, IL · 139 clientsPrivate fund adviserHybridNorthern Trust Securities, Inc.
    No custodian reported
    $16B
  40. 1005
    Silverbay Capital Management LLCNew York, NY · 2 clientsAsset managerHybridBreakwater Group Distribution Services, LLC
    No custodian reported
    $16B

RIAs by state