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FP Why fee-based models are the future of advisor compensationIN Inheritance conflict is the rule, not the exception, Wells Fargo findsIN Private equity leads public pension returns for 14th straight yearIN Medicare gaps leave retirees dangerously exposed to health care costsIN Taxable accounts surpass retirement savings as US households diversify portfoliosIN What a former RIA founder wants advisors to know about AIWM FINNY AI Partners with Visionary Square on ProspectingWM Healthspan Wealth Launches Platform for AdvisorsRB 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 next
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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

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. 108
    Osaic Wealth, Inc.Scottsdale, AZ · 575,512 clientsBroker-dealer firmHybridLadenburg Thalmann & Co. Inc., Osaic Institutions, Inc.
    Pershing 61%Fidelity 39%
    $235B
  2. 109
    Two Sigma Investments, LPNew York, NY · 42 clientsPrivate fund adviserHybridTwo Sigma Execution Services, LLC, Two Sigma Securities UK Limited
    Morgan Stanley 100%
    $233B
  3. 111
    Manulife Investment Management (US) LLCBoston, MA · 4,861 clientsAsset managerHybridJohn Hancock Distributors LLC, John Hancock Investment Management Distributors LLC
    State Street 66%
    $228B
  4. 113
    Mercer Investments LLCBoston, MA · 1,407 clientsAsset managerHybridMMA Securities LLC, MMC Securities LLC, clears through Pershing
    Northern Trust 57%Fidelity 43%
    $226B
  5. 117
    SEI Investments Management CorpOaks, PA · 112,646 clientsAsset managerHybridSEI Investments (south Africa) Limited, SEI Investments Distribution Co.
    SEI 100%
    $216B
  6. 118
    Jennison AssociatesNew York, NY · 6,083 clientsAsset managerHybridPrudential Investment Management Services LLC
    BNY 38%Northern Trust 33%State Street 28%
    $215B
  7. 119
    D. E. Shaw & Co., L.P.New York, NY · 23 clientsPrivate fund adviserHybridD.E. Shaw Securities, L.L.C.
    No custodian reported
    $213B
  8. 120
    Commonwealth Financial NetworkWaltham, MA · 360,488 clientsBroker-dealer firmHybridLPL Enterprise, LLC, LPL Financial LLC
    Fidelity 100%
    $213B
  9. 121
    John Hancock Investment Management LLCBoston, MA · 126 clientsAsset managerHybridJohn Hancock Distributors LLC, John Hancock Investment Management Distributors LLC
    No custodian reported
    $212B
  10. 130
    Olive Street Investment Advisers, LLCSt. Louis, MO · 2 clientsAsset managerHybridEdward D. Jones & Co., L.P., Edward Jones
    No custodian reported
    $204B
  11. 131
    IFM Investors PTY LTDMelbourne, Australia · 80 clientsPrivate fund adviserHybridIFM (US) Securities, LLC, IFM Investors (japan) PTY LTD
    No custodian reported
    $203B
  12. 132
    DWS Investment Management Americas, Inc.New York, NY · 159 clientsAsset managerHybridDWS Distributors, Inc., Deutsche Bank AG
    J.P. Morgan 52%BNY 29%
    $200B
  13. 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
  14. 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
  15. 135
    Empower Advisory Group, LLCGreenwood Village, CO · 297,074 clientsWealth managerHybridEmpower Financial Services, Inc.
    Empower 67%Pershing 24%
    $195B
  16. 136
    Mackenzie InvestmentsToronto, Ontario, Canada · 484 clientsBroker-dealer firmHybridIG Wealth Management Inc., IPC Investment Corporation
    CIBC Mellon 98%
    $195B
  17. 137
    Gallagher Fiduciary Advisors, LLCRolling Meadows, IL · 6,120 clientsAsset managerHybridGBS Retirement Services, Inc.
    No custodian reported
    $195B
  18. 138
    Harbourvest Partners, LLCBoston, MA · 316 clientsPrivate fund adviserHybrid
    Northern Trust 100%
    $191B
  19. 141
    Nuveen Fund Advisors, LLCChicago, IL · 235 clientsAsset managerHybridNuveen Securities, LLC
    No custodian reported
    $186B
  20. 142
    Western Asset Management CompanyPasadena, CA · 31,897 clientsAsset managerHybridFranklin Distributors, LLC, Franklin Templeton International Services S.a R.L.
    BNY 100%
    $185B
  21. 143
    Clearbridge Investments, LLCNew York, NY · 124,530 clientsAsset managerHybridFranklin Distributors, LLC, Franklin Templeton International Services S.a R.L.
    Morgan Stanley 100%
    $185B
  22. 144
    Artisan Partners Limited PartnershipMilwaukee, WI · 249 clientsAsset managerHybridApel Financial Distribution Services LTD, Artisan Partners Distributors LLC
    BNY 56%Northern Trust 24%
    $184B
  23. 145
    Blackstone Isg-I Advisors L.L.C.New York, NY · 44 clientsAsset managerHybridBlackstone Securities Partners L.P., Currencies Direct LTD
    BNY 70%Citi 29%
    $184B
  24. 146
    Oaktree Capital Management, L.P.LOS Angeles, CA · 373 clientsPrivate fund adviserHybridOCM Investments, LLC
    State Street 41%J.P. Morgan 32%BNY 27%
    $183B
  25. 147
    Thoma BravoChicago, IL · 153 clientsBroker-dealer firmHybridThoma Bravo Capital Markets, LLC
    No custodian reported
    $183B
  26. 150
    GC Advisors LLCChicago, IL · 144 clientsPrivate fund adviserHybrid
    BNY 56%
    $178B
  27. 151
    Sumitomo Mitsui DS Asset Management Company, LimitedMinato-Ku, Tokyo, Japan · 1,340 clientsPrivate fund adviserHybridSmbc Nikko Securities Inc.
    No custodian reported
    $178B
  28. 152
    Acadian Asset ManagementBoston, MA · 350 clientsAsset managerHybrid
    State Street 32%BNY 22%
    $177B
  29. 153
    Mariner Investment Group, LLCNew York, NY · 36 clientsPrivate fund adviserHybrid
    J.P. Morgan 77%SG Americas Securities 23%
    $176B
  30. 154
    HPS Investment Partners, LLCNew York, NY · 563 clientsPrivate fund adviserHybridHPS Securities, LLC
    BNY 57%J.P. Morgan 43%
    $176B
  31. 155
    Morgan Stanley Investment Management LimitedLondon, United Kingdom · 134 clientsPrivate fund adviserHybridEaton Vance Distributors, Inc., Eaton Vance Management (international) Limited
    Mitsubishi UFJ Global Custody S.a 100%
    $175B
  32. 156
    TPG Global Advisors, LLCFort Worth, TX · 197 clientsPrivate fund adviserHybridAngelo, Gordon Hong Kong Limited, TPG Angelo, Gordon International LLC
    No custodian reported
    $174B
  33. 157
    Blackrock Capital Management, Inc.Wilmington, DE · 13 clientsPrivate fund adviserHybridBlackrock Asset Management Deutschland AG, Blackrock Execution Services
    State Street 34%SSB New York Institutional 30%
    $173B
  34. 158
    Insight InvestmentNew York, NY · 1,876 clientsAsset managerHybridBNY Mellon Asset Management Canada Limited, BNY Mellon Capital Markets, LLC, clears through Pershing
    BNY 69%Northern Trust 31%
    $171B
  35. 160
    Global Retirement Partners LLCSAN Rafael, CA · 28,693 clientsAsset managerHybridHub International Investment Services Inc., TWD Securities, LLC
    LPL Financial 83%
    $170B
  36. 162
    Equitable Investment Management Group, LLCNew York, NY · 3 clientsAsset managerHybridAlliancebernstein Investments, Inc., Bernstein Institutional Services LLC
    No custodian reported
    $167B
  37. 165
    GQG PartnersFort Lauderdale, FL · 6,445 clientsAsset managerHybrid
    J.P. Morgan 36%Northern Trust 30%State Street 23%
    $164B
  38. 168
    Cerity Partners LLCNew York, NY · 26,230 clientsWealth managerHybridCP Client Solutions LLC
    Schwab 70%Fidelity Distributors Company 30%
    $162B
  39. 169
    NB Alternatives Advisers LLCDallas, TX · 379 clientsPrivate fund adviserHybridNeuberger Berman BD LLC
    Merrill / Bank of America 84%
    $160B
  40. 171
    Mackay Shields LLCNew York, NY · 354 clientsAsset managerHybridNylife Distributors LLC, Nylife Securities LLC, clears through National Financial Services (Fidelity)
    BNY 66%
    $160B

RIAs by state