Thursday, October 22, 2026The Morning EditionOpen AtlasSign inJoin free
FinancialADVSR

Est. 2026The front page of wealth managementNew York

The Morning EditionFree · 6:30 AM ETSubscribe
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 AnthropicIN SpaceX’s AI segment now drives more than half its revenue. Here’s what advisors should watch nextFP Why AI might recommend your competitor instead of youFP Why clients are choosing phased retirement — and what advisors should know4K SPARK Forum Offering Scholarships for Retirement Plan AdvisorsFP What Schwab's new ETF platform fees mean for clients, advisorsWM RIA Platform Leaders Ask ‘What’s the Advantage in Having Your Own Form ADV?’IN Fake e-vite phishing scams put high-net-worth clients at riskRB Rick Wurster says Schwab is tackling its forced rationing of long/short SMAs with proprietary 'offering' to stretch balance sheet, but it may be more about a fee upside, a long/short manager saysIN Fintech bytes: 55ip, Vise, Syntax push tax-smart tools for RIAs

Free from Atlas · SEC filings as of October 1, 2026

The RIA database

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

163 firms manage $5.8 trillionMerrill / Bank of America

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. 012
    Merrill Lynch, Pierce, Fenner & Smith IncorporatedNew York, NY · 1,838,984 clientsBroker-dealer firmHybridBank of America Singapore Limited, Bank of America Yatirim Bank A.S.
    Merrill / Bank of America 100%
    $1.8T
  2. 025
    Managed Account Advisors LLCJersey City, NJ · 1,446,258 clientsWealth managerBank-affiliatedAffiliated broker-dealerBank of America Singapore Limited, Bank of America Yatirim Bank A.S.
    Merrill / Bank of America 100%
    $995B
  3. 036
    Blackrock Investment Management, LLCPrinceton, NJ · 10,859 clientsAsset managerHybridBlackrock Asset Management Deutschland AG, Blackrock Execution Services
    Citi 53%Merrill / Bank of America 47%
    $677B
  4. 048
    Columbia Management Investment Advisers, LLCBoston, MA · 4,251 clientsAsset managerHybridAmerican Enterprise Investment Services Inc., Ameriprise Financial Services, LLC
    J.P. Morgan 69%
    $502B
  5. 091
    Nuveen Asset Management, LLCChicago, IL · 65,258 clientsAsset managerHybridNuveen Securities, LLC
    Morgan Stanley 41%Schwab 30%Merrill / Bank of America 29%
    $280B
  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. 169
    NB Alternatives Advisers LLCDallas, TX · 379 clientsPrivate fund adviserHybridNeuberger Berman BD LLC
    Merrill / Bank of America 84%
    $160B
  8. 200
    Franklin Templeton Private Portfolio Group, LLCNew York, NY · 179,738 clientsWealth managerPublic-company ownedHybridFranklin Distributors, LLC, Franklin Templeton Investments Corp.
    Morgan Stanley 59%
    $140B
  9. 226
    New York Life Investment Management LLCNew York, NY · 933 clientsAsset managerHybridNylife Distributors LLC, Nylife Securities LLC, clears through National Financial Services (Fidelity)
    Merrill / Bank of America 64%Morgan Stanley 22%
    $121B
  10. 230
    Putnam Investment Management, LLCBoston, MA · 16,428 clientsAsset managerHybridClarion Partners Emea Limited, Clarion Partners Europe (u.k.) Limited
    Merrill / Bank of America 43%Morgan Stanley 37%
    $117B
  11. 233
    TPG Angelo GordonNew York, NY · 366 clientsPrivate fund adviserHybridAngelo, Gordon Hong Kong Limited, TPG Angelo, Gordon International LLC
    U.S. Bank 53%BNY 33%
    $116B
  12. 355
    Jupiter Asset Management LimitedLondon, United Kingdom · 98 clientsPrivate fund adviser
    State Street 34%Merrill / Bank of America 31%
    $68B
  13. 411
    Gw&k Investment Management, LLCBoston, MA · 48,710 clientsWealth managerPublic-company ownedHybridAMG Distributors, Inc.
    Merrill / Bank of America 53%Schwab 47%
    $53B
  14. 450
    Antares Capital Advisers LLCChicago, IL · 48 clientsPrivate fund adviserHybrid
    U.S. Bank 26%Deutsche Bank Trust Company Americas 22%
    $47B
  15. 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
  16. 516
    Milliman Financial Risk Management LLCChicago, IL · 76 clientsAsset managerHybridMilliman Investment Management Services LLC, clears through Wedbush
    J.P. Morgan 64%
    $40B
  17. 612
    26northNew York, NY · 62 clientsPrivate fund adviser
    J.P. Morgan 51%BNY 30%
    $33B
  18. 655
    Gotham Asset Management, LLCNew York, NY · 289 clientsAsset managerHybrid
    Merrill / Bank of America 43%Pershing 31%Morgan Stanley 26%
    $30B
  19. 887
    Pentwater Capital Management LPNaples, FL · 23 clientsPrivate fund adviser
    UBS 51%Citi 29%
    $19B
  20. 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
  21. 985
    Compass Rose Asset ManagementNew York, NY · 3 clientsPrivate fund adviser
    Goldman Sachs 43%J.P. Morgan 28%Barclays Bank PLC 27%
    $17B
  22. 1065
    Pine Ridge Advisers LLCNew York, NY · 44 clientsAsset manager
    Merrill / Bank of America 100%
    $14B
  23. 1089
    Related Fund Management, LLCNew York, NY · 41 clientsPrivate fund adviserHybridSand Capital LLC
    Merrill / Bank of America 100%
    $14B
  24. 1114
    Aristeia Capital, LLCGreenwich, CT · 3 clientsPrivate fund adviser
    J.P. Morgan 38%Goldman Sachs 34%
    $14B
  25. 1176
    First Eagle Alternative Credit, LLCBoston, MA · 72 clientsPrivate fund adviserHybridFEF Distributors, LLC
    BNY 83%
    $13B
  26. 1226
    Perceptive AdvisorsNew York, NY · 26 clientsPrivate fund adviser
    Merrill / Bank of America 100%
    $12B
  27. 1247
    Everett Harris & CoLOS Angeles, CA · 743 clientsWealth manager
    Merrill / Bank of America 73%Schwab 27%
    $12B
  28. 1290
    Castle Hook Partners LPNew York, NY · 6 clientsPrivate fund adviser
    Merrill / Bank of America 40%Goldman Sachs 34%Morgan Stanley 26%
    $11B
  29. 1328
    Trian Fund Management, L.P.New York, NY · 29 clientsPrivate fund adviser
    Merrill / Bank of America 88%
    $10B
  30. 1358
    Sprott Asset Management USA Inc.Darien, CT · 3,362 clientsAsset managerHybridSprott Global Resource Investments LTD
    State Street 44%
    $10B
  31. 1477
    Quinbrook Infrastructure Partners LLCNew York, NY · 19 clientsPrivate fund adviserAffiliated broker-dealerQuinbrook Capital Partners LLC
    Merrill / Bank of America 100%
    $9.0B
  32. 1610
    Stamos Capital Partners, L.P.Menlo Park, CA · 39 clientsAsset manager
    Merrill / Bank of America 100%
    $7.6B
  33. 1677
    Miller Investment Management, LPWest Conshohocken, PA · 183 clientsWealth managerHybrid
    J.P. Morgan 83%
    $7.1B
  34. 1713
    Pgim Custom Harvest LLCNewark, NJ · 8,702 clientsWealth managerPublic-company ownedHybridPruco Securities, LLC, Prudential Annuities Distributors, Inc
    UBS 54%Merrill / Bank of America 24%Morgan Stanley 22%
    $6.9B
  35. 1715
    GMT Capital Corp.Atlanta, GA · 6 clientsPrivate fund adviser
    Fidelity 48%Goldman Sachs 31%
    $6.9B
  36. 1725
    Tilden Park Capital Management LPNew York, NY · 9 clientsPrivate fund adviser
    Computershare Trust Company, National Association 65%Principal Financial Group 25%
    $6.8B
  37. 1741
    Manulife Investment Management Timberland and Agriculture IncBoston, MA · 20 clientsPrivate fund adviserHybridJohn Hancock Investment Management Distributors LLC, Manulife Investment Management Distributors Inc.
    Merrill / Bank of America 100%
    $6.7B
  38. 1759
    Dorsal Capital Management, LPRedwood City, CA · 9 clientsPrivate fund adviser
    Morgan Stanley 77%Merrill / Bank of America 23%
    $6.6B
  39. 1774
    Sendero Wealth Management, LLCSAN Antonio, TX · 369 clientsWealth managerHybridSendero Securities, LLC, clears through Pershing
    Pershing 86%
    $6.5B
  40. 1785
    Arnhold LLCNew York, NY · 91 clientsAsset manager
    Merrill / Bank of America 100%
    $6.4B

RIAs by state