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RB 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 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 Prospecting
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.

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528 firms manage $29.4 trillionJ.P. Morgan

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  1. 512
    Brandes Investment Partners, LPLa Jolla, CA · 13,504 clientsAsset managerHybrid
    State Street 48%Northern Trust 36%
    $41B
  2. 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
  3. 516
    Milliman Financial Risk Management LLCChicago, IL · 76 clientsAsset managerHybridMilliman Investment Management Services LLC, clears through Wedbush
    J.P. Morgan 64%
    $40B
  4. 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
  5. 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
  6. 533
    TCW Investment Management Company LLCLOS Angeles, CA · 4,945 clientsAsset managerHybridTCW Asia Limited, TCW Funds Distributors LLC
    UBS 57%J.P. Morgan 27%
    $39B
  7. 550
    Hotchkis and Wiley Capital Management, LLCLOS Angeles, CA · 98 clientsAsset managerHybrid
    Northern Trust 34%BNY 30%
    $37B
  8. 560
    Shenkman Capital Management, Inc.New York, NY · 159 clientsAsset manager
    The Bank of NY Mellon 63%
    $37B
  9. 574
    HBK Capital ManagementDallas, TX · 7 clientsPrivate fund adviser
    J.P. Morgan 100%
    $36B
  10. 593
    Rreef America L.L.C.Chicago, IL · 120 clientsAsset managerHybridDWS Distributors, Inc., Deutsche Bank AG
    State Street 36%Northern Trust 33%J.P. Morgan 32%
    $34B
  11. 603
    Sona Asset Management (US) LLCNew York, NY · 20 clientsPrivate fund adviser
    Goldman Sachs 39%Barclays Bank PLC 32%BNP Paribas, London Branch 27%
    $33B
  12. 612
    26northNew York, NY · 62 clientsPrivate fund adviser
    J.P. Morgan 51%BNY 30%
    $33B
  13. 638
    Blackrock International LimitedEdinburgh, United Kingdom · 34 clientsAsset managerHybridBlackrock Asset Management Deutschland AG, Blackrock Execution Services
    Northern Trust 59%J.P. Morgan 34%
    $31B
  14. 662
    Jpmorgan Alternative Asset ManagementNew York, NY · 329 clientsPrivate fund adviserHybridJ.P. Morgan Institutional Investments Inc., J.P. Morgan Securities LLC
    J.P. Morgan 70%Northern Trust 30%
    $30B
  15. 663
    Epoch Investment Partners, Inc.New York, NY · 757 clientsAsset managerAffiliated broker-dealerTD Financial Products LLC, TD Private Client Wealth LLC, clears through Pershing
    CIBC Mellon 49%
    $30B
  16. 665
    Diamond Hill Capital Management, LLCColumbus, OH · 3,192 clientsAsset managerHybrid
    Goldman Sachs 32%State Street 23%J.P. Morgan 23%
    $29B
  17. 668
    Voleon Capital Management LPBerkeley, CA · 22 clientsPrivate fund adviserAffiliated broker-dealerVoleon Securities Markets LLC
    J.P. Morgan 100%
    $29B
  18. 670
    Neuberger Berman Singapore PTE. LimitedSingapore, Singapore · 58 clientsPrivate fund adviserAffiliated broker-dealerNeuberger Berman BD LLC
    Northern Trust 39%BNY 32%J.P. Morgan 29%
    $29B
  19. 675
    Ameritas Investment Partners, Inc.Lincoln, NE · 2,513 clientsAsset managerHybridAmeritas Investment Company, LLC, clears through National Financial Services (Fidelity)
    J.P. Morgan 100%
    $29B
  20. 706
    Aquarian Holdings Investment Management LLCNew York, NY · 16 clientsAsset manager
    BNY 43%U.S. Bank 25%
    $27B
  21. 717
    Fred Alger Management, LLCNew York, NY · 3,068 clientsAsset managerHybridAlger Management, (singapore) PTE. LTD., Alger Management, LTD
    J.P. Morgan 53%Northern Trust 47%
    $26B
  22. 723
    Blue Owl Insurance SolutionsNew York, NY · 11 clientsAsset managerAffiliated broker-dealerBlue Owl Securities LLC
    J.P. Morgan 68%U.S. Bank 32%
    $26B
  23. 724
    Impax Asset Management, LTD.London, United Kingdom · 686 clientsPrivate fund adviser
    BNP Paribas S.A. 29%HSBC 22%
    $26B
  24. 727
    Cigna Investments, Inc.Bloomfield, CT · 82 clientsAsset managerAffiliated broker-dealerCigna Benefits Financing, Inc.
    J.P. Morgan 100%
    $26B
  25. 728
    Pretium Single-Family Rental Manager III, LLCNew York, NY · 26 clientsPrivate fund adviserHybridPretium Securities, LLC
    J.P. Morgan 100%
    $26B
  26. 732
    Palmer Square Capital Management LLCMission Woods, KS · 159 clientsPrivate fund adviserHybrid
    J.P. Morgan 40%BNY 33%Northern Trust 27%
    $26B
  27. 752
    Arga Investment Management, LPMiami, FL · 67 clientsAsset managerHybrid
    State Street 30%BNY 27%J.P. Morgan 25%
    $25B
  28. 755
    DWS Alternatives Global LimitedLondon, United Kingdom · 63 clientsPrivate fund adviserAffiliated broker-dealerDeutsche Bank AG
    J.P. Morgan 42%Northern Trust 33%CIBC Mellon 25%
    $25B
  29. 758
    Pgim Private Placement Investors, L.P.Newark, NJ · 33 clientsAsset managerHybridPruco Securities, LLC, Prudential Annuities Distributors, Inc
    J.P. Morgan 83%
    $24B
  30. 761
    Pictet Asset Management LimitedLondon, United Kingdom · 122 clientsPrivate fund adviserAffiliated broker-dealerBanque Pictet & CIE (europe) AG, Banque Pictet & CIE SA
    J.P. Morgan 57%Northern Trust 26%
    $24B
  31. 767
    Xponance LLCPhiladelphia, PA · 131 clientsAsset manager
    Northern Trust 36%State Street 35%
    $24B
  32. 772
    T. Rowe Price Japan, Inc.Tokyo, Japan · 73 clientsPrivate fund adviserAffiliated broker-dealerT. Rowe Price Investment Services, Inc.
    State Street 82%
    $24B
  33. 775
    Templeton Asset Management LTD.Singapore, Singapore · 78 clientsBroker-dealer firmAffiliated broker-dealerClarion Partners Emea Limited, Clarion Partners Europe (u.k.) Limited
    J.P. Morgan 44%Citi 29%BNY 27%
    $24B
  34. 780
    Independent Franchise Partners LLPLondon, United Kingdom · 30 clientsPrivate fund adviser
    Northern Trust 56%State Street 25%
    $24B
  35. 793
    Adrian LEE & PartnersCo Dublin, Ireland · 11 clientsAsset manager
    J.P. Morgan 47%State Street 31%BNY 22%
    $23B
  36. 806
    Segall Bryant & HamillChicago, IL · 5,743 clientsAsset managerHybrid
    Brown Brothers & Harriman & 34%J.P. Morgan 24%
    $23B
  37. 807
    Benefit Street Partners LimitedLondon, United Kingdom · 42 clientsPrivate fund adviserAffiliated broker-dealerFranklin Distributors, LLC
    State Street 43%J.P. Morgan 42%
    $23B
  38. 814
    J O Hambro Capital Management LimitedLondon, United Kingdom · 55 clientsPrivate fund adviser
    BNY 60%J.P. Morgan 40%
    $22B
  39. 828
    Ehrenkranz Partners L.P.New York, NY · 204 clientsWealth manager
    Pershing 93%
    $22B
  40. 829
    Edgewood Management LLCGreenwich, CT · 1,070 clientsAsset manager
    BNY 55%J.P. Morgan 45%
    $22B

RIAs by state