RIA LeAdeRs: Who’s on Top?
TOP 100 RIA fIRms
RAnk FiRM
T
lOcAtiOn
AUM
investMent client (billiOns) eMplOyees AdvisORs AccOUnts cUstOdiAn
RA
1
Oxford Financial Group
Carmel, Ind.
$10.820
120
30
6,100
Fidelity, Schwab, Self Custodian
2
2
Rockefeller
New York
$10.634
117
56
2,899
Schwab, Fidelity
2
3
Shepherd Kaplan
Boston
$9.075
40
16
1,688
Schwab, Fidelity
2
Summit Rock Advisors
New York
$7.985
31
18
64
Self Custodian
2
Creative Planning
Leawood, Kan.
$7.808
45
38
21,182
N/A
6
Ronald Blue
Roswell, Ga.
$7.569
281
143
16,689
Fidelity, Schwab, Self Custodian
7
Aspiriant
San Francisco
$7.210
114
51
4,752
8
Advanced Capital Group
Minneapolis
$7.130
15
10
325
9
TAG Associates
New York
$7.020
64
15
1,049
Related Person Custodian,
Schwab, Self Custodian
10
BBR Partners
New York
$6.593
67
54
1,235
N/A
11
MyCIO Wealth Partners
Philadelphia
$5.998
29
23
4,183
Schwab, Self Custodian
12
Mercer Global Advisors
Santa Barbara, Calif.
$4.893
88
48
15,593
Schwab, TD Ameritrade
13
Reinhart Partners
Mequon, Wis.
$4.488
36
21
5,482
Self Custodian
14
Athena Capital Advisors
Lincoln, Mass.
$4.288
39
20
385
Self Custodian
3
15
Baker Street Advisors
San Francisco
$4.200
25
6
1,118
Self Custodian
3
16
Clarfeld Financial Advisors
Tarrytown, N.Y.
$4.125
80
30
4,258
Schwab, Self Custodian,
TD Ameritrade
4
17
Gresham Partners
Chicago
$3.859
27
10
1,996
N/A
18
Ballentine Partners
Waltham, Mass.
$3.823
30
30
2,638
N/A
4
19
Sontag Advisory
New York
$3.605
31
10
5,903
Fidelity, Schwab, Self Custodian
4
20
Tolleson Private Wealth
Management
Dallas
$3.498
40
29
2,402
N/A
21
Wetherby Asset Management
San Francisco
$3.393
56
29
2,803
Self Custodian
22
Altair Advisers
Chicago
$3.351
32
15
452
Self Custodian
23
Ferguson Wellman
Capital Management
Portland, Ore.
$3.241
39
16
2,024
Schwab, ScottTrade
24
Federal Street Advisors
Boston
$3.185
24
11
1,497
Self Custodian
25
Banyan Partners
Palm Beach Gardens, Fla.
$3.172
31
21
4,227
Fidelity, Schwab, Self
Custodian, TD Ameritrade
4
5
3
Fidelity, Schwab, Self
Custodian, TD Ameritrade
3
3
Fidelity, Schwab
3
3
3
3
3
4
4
4
4
4
4
4
5
Data gathered from Form ADV filings as of September 2013
46 Financial Planning January 2014
046_FPFeb14 5
12/4/2013 4:28:43 PM
n
an
an
TOP 100 RIA fIRms
RAnk FiRM
lOcAtiOn
AUM
investMent client (billiOns) eMplOyees AdvisORs AccOUnts cUstOdiAn
26
Gofen and Glossberg
Chicago
$2.996
27
13
2,757
N/A
27
Hewins Financial Advisors
San Mateo, Calif.
$2.953
35
22
3,193
Schwab, Self Custodian
28
Bartlett
Cincinnati
$2.916
45
15
2,630
Schwab
29
Savant Capital
Rockford, Ill.
$2.910
86
31
2,849
Fidelity, Schwab, Self Custodian,
TD Ameritrade
30
Signature Financial Management
Norfolk, Va.
$2.768
30
16
954
Schwab, Self Custodian
31
HPM Partners
New York
$2.738
36
16
365
Self Custodian
32
RMB Capital Management
Chicago
$2.657
69
22
9,576
Fidelity, Self Custodian,
Shareholders Services Group
33
Northeast Financial Consultants
Westport, Conn.
$2.637
4
2
1,601
Fidelity, Schwab, Self Custodian
34
Iron Capital Advisors
Atlanta
$2.633
6
4
202
N/A
35
Executive Monetary Management
New York
$2.587
37
10
131
Self Custodian
36
Homrich & Berg
Atlanta
$2.565
53
33
4,096
Fidelity, Schwab, Self Custodian,
TD Ameritrade
37
Douglas C. Lane & Associates
New York
$2.542
31
8
3,350
Fidelity, Schwab, Self Custodian,
Shareholders Services Group,
TD Ameritrade
38
Heck Capital Advisors
Rhinelander, Wis.
$2.526
13
10
1,455
Fidelity
39
Threshold Group
Gig Harbor, Wash.
$2.524
39
11
1,983
Self Custodian
40
Bingham, Osborn & Scarborough
San Francisco
$2.454
33
15
2,834
Fidelity, Schwab, Self Custodian
41
Pacific Portfolio Consulting
Seattle
$2.417
14
7
228
Related Person Custodian,
Schwab, Self Custodian
42
Manchester Capital Management
Manchester, Vt.
$2.410
24
12
810
Fidelity, Schwab, Self Custodian
43
Regentatlantic Capital
Morristown, N.J.
$2.330
32
23
1,510
Self Custodian
44
Dowling & Yahnke
San Diego
$2.328
23
11
3,220
Schwab
45
Balasa Dinverno Foltz
Itasca, Ill.
$2.306
23
23
3,641
Schwab, Self Custodian,
TD Ameritrade
46
The Bollard Group
Boston
$2.296
35
17
204
Fidelity
47
WMS Partners
Towson, Md.
$2.289
36
13
389
Schwab, Self Custodian,
TD Ameritrade
48
R.M. Davis
Portland, Maine
$2.274
35
19
3,597
49
Atherton Lane Advisers
Menlo Park, Calif.
$2.269
33
25
686
50
Inverness Counsel
New York
$2.250
32
12
1,029
Fidelity, Schwab, Stifel Nicolaus
Schwab
Self Custodian
Source: Financial Media Group/AdvisorDatabases.com
Financial-Planning.com
047_FPFeb14 6
January 2014 Financial Planning 47
12/4/2013 4:28:58 PM
RIA LeAdeRs: Who’s on Top?
TOP 100 RIA fIRms
RAnk FiRM
lOcAtiOn
T
AUM
investMent client
(billiOns) eMplOyees AdvisORs AccOUnts cUstOdiAn
RA
51
ThomasPartners
Wellesley, Mass.
$2.240
17
10
4,370
Fidelity, Schwab, Self Custodian,
TD Ameritrade
7
52
First Foundation Advisors
Irvine, Calif.
$2.229
44
27
2,656
Fidelity, Schwab, Self Custodian
53
RGT Capital Management
Dallas
$2.206
36
29
2,852
N/A
7
54
Matter Family Office
(formerly Financial
Management Partners)
Clayton, Mo.
$2.183
21
13
169
Schwab
7
55
Silver Bridge Capital
Management
Boston
$2.154
47
29
1,925
56
Massey Quick
Morristown, N.J.
$2.149
26
11
57
Miller Investment Management
West Conshohocken, Pa.
$2.133
16
58
Arlington Partners
Birmingham, Ala.
$2.127
59
CM Wealth Advisors
Cleveland
60
Halbert Hargrove
Global Advisors
Long Beach, Calif.
61
Wilbanks, Smith & Thomas
Asset Management
Norfolk, Va.
$1.998
25
12
2,989
62
Adams Hall Wealth Advisors
Tulsa, Okla.
$1.989
14
9
1,175
63
Beaumont Financial Partners
Wellesley Hills, Mass.
$1.982
25
13
2,450
Fidelity, Pershing, Schwab,
Self Custodian, TD Ameritrade
64
BKD Wealth Advisors
Springfield, Mo.
$1.976
52
8
3,089
Fidelity, Schwab, Self Custodian,
Shareholders Services Group
65
Miller/Russell & Associates
Phoenix, Ariz.
$1.950
26
16
1,312
Schwab, Self Custodian
66
Linscomb & Williams
Houston
$1.935
31
6
3,760
Fidelity, Schwab
67
Capital Investment Counsel
Denver
$1.916
31
16
3,778
Schwab, Shareholders
Services Group
68
Northwest Capital Management
Portland, Ore.
$1.896
9
9
955
7
8
Fidelity, Independent Brokers,
State Street
8
585
N/A
8
7
233
Self Custodian
17
8
631
N/A
$2.054
12
7
127
N/A
$2.045
31
21
2,879
8
8
Fidelity
8
Self Custodian
8
Fidelity, Schwab
8
8
8
9
Fidelity, Related Person Custodian,
Schwab, Self Custodian,
Shareholders Services Group,
TD Ameritrade
9
9
9
69
First Endowment Development
Houston
$1.886
13
8
150
70
Plancorp
Saint Louis
$1.878
28
21
4,153
Fidelity, Schwab, Self Custodian
71
South Texas Money
Management
San Antonio
$1.865
55
25
2,163
Fidelity, Schwab,
TD Ameritrade
72
Courier Capital
Buffalo, N.Y.
$1.857
17
7
1,038
N/A
73
Brighton Jones
Seattle
$1.833
50
20
705
Fidelity, Related Person Custodian,
Schwab, Self Custodian
74
Meristem
Minnetonka, Minn.
$1.797
40
18
310
Related Person Custodian, Schwab,
Self Custodian, State Street
9
75
Badgley Phelps
Seattle
$1.792
20
11
1,202
N/A
10
N/A
9
9
48 Financial Planning January 2014
048_FPFeb14 7
9
12/4/2013 4:29:19 PM
9
9
n,
n
n,
n,
n
n,
ab,
TOP 100 RIA fIRms
RAnk FiRM
lOcAtiOn
76
Spruce Private Investors
Stamford, Conn.
$1.739
17
5
210
77
Budros, Ruhlin & Roe
Columbus, Ohio
$1.735
40
20
5,645
Schwab
78
Index Funds Advisors
Irvine, Calif.
$1.730
44
16
4,534
N/A
79
Alesco Advisors
Pittsford, N.Y.
$1.690
10
8
778
N/A
80
Wipfli Hewins Investment Advisors
San Mateo, Calif.
$1.644
31
19
2,318
Schwab, Self Custodian
81
PHH Investments
Addison, Texas
$1.608
31
16
3,232
Fidelity
82
Warren Averett Asset Management
Birmingham, Ala.
$1.607
30
20
1,438
Fidelity, Related Person Custodian,
Schwab, Self Custodian
83
Geller Family Office Services
New York
$1.605
20
10
387
84
RINET Company
Boston
$1.572
30
15
1,384
Fidelity, Related Person
Custodian, Schwab
85
Laird Norton Tyee Asset Strategies
Seattle
$1.570
80
42
1,278
Schwab, Self Custodian
86
Southeast Asset Advisors
Thomasville, Ga.
$1.541
9
4
746
Fidelity, Related Person Custodian,
Schwab, Self Custodian
87
Green Square Capital
Memphis, Tenn.
$1.538
14
9
1,084
Fidelity, Related Person Custodian,
Schwab
88
JMG Financial Group
Oak Brook, Ill.
$1.533
31
30
1,896
Related Person Custodian,
Schwab, Self Custodian
89
SignatureFD
Atlanta
$1.513
27
14
481
Fidelity, Related Person Custodian,
Schwab, Self Custodian
90
McCutchen Group
Seattle
$1.500
12
6
390
Related Person Custodian,
Schwab, Self Custodian
91
Balentine
Atlanta
$1.483
24
12
1,205
N/A
92
Concert Wealth Management
San Jose, Calif.
$1.466
14
7
3,498
Schwab
93
Wescott Financial Advisory Group
Philadelphia
$1.462
24
14
348
94
Palladium Partners
Norfolk, Va.
$1.439
20
7
1,456
95
Hillview Capital Advisors
Radnor, Pa.
$1.438
17
9
871
Self Custodian
96
Heritage Investors Management
Bethesda, Md.
$1.420
8
5
995
N/A
97
MDE Group
Morristown, N.J.
$1.404
24
7
1,155
Fidelity
98
Riverpoint Capital Management
Cincinnati
$1.378
16
8
1,418
N/A
99
Zemenick & Walker
St. Louis
$1.360
12
8
160
N/A
100
Mozaic
Beverly Hills, Calif.
$1.349
7
5
42
N/A
Financial-Planning.com
049_FPFeb14 8
AUM
investMent client
(billiOns) eMplOyees AdvisORs AccOUnts
cUstOdiAn
Related Person Custodian
Self Custodian
Fidelity, Schwab
Related Person Custodian,
Schwab, Self Custodian
January 2014 Financial Planning 49
12/4/2013 4:29:03 PM
RIA LeAdeRs: Who’s on Top?
50 Fastest-growing Firms (2011-2013)
RAnk FiRM
lOcATiOn
1
Rockefeller
New York
$3,548.6 117
56
2,899 Schwab, Fidelity
2
Creative Planning
Leawood, Kan.
$2,554.0 45
38
21,182 Schwab, TD Ameritrade
3
Banyan Partners
Palm Beach Gardens, Fla.
$2,062.4 31
21
4,227 4
Summit Rock Advisors
New York
$1,397.3 31
18
64 5
Shepherd Kaplan
Boston
$1,340.1 40
16
1,688 WMS Partners
Towson, Md.
$1,297.5 36
13
389 Schwab, Self Custodian,
TD Ameritrade
7
Pacific Portfolio Consulting
Seattle
$1,293.9 14
7
228 Schwab, Self Custodian
8
Reinhart Partners
Mequon, Wis.
$1,273.3 36
21
5,482 Self Custodian
9
BBR Partners
New York
$1,248.9 67
54
1,235 N/A
10
Advanced Capital Group
Minneapolis
$1,177.0 15
10
325 Fidelity, Schwab
11
Ronald Blue & Co.
Roswell, Ga.
$1,128.4 281
143
16,689 Fidelity, Schwab
12
RGT Capital Management
Dallas
$1,106.0 36
29
2,852 13
Adams Hall Wealth Advisors
Tulsa, Okla.
$1,087.3 14
9
1,175 14
Tolleson Private Wealth
Management
Dallas
$1,086.7 40
29
2,402 N/A
15
Heck Capital Advisors
Rhinelander, Wis.
$1,070.0 13
10
1,455 Fidelity
16
Manchester Capital
Management
Manchester, Vt.
$1,047.8 24
12
810 17
Miller/Russell & Associates
Phoenix
$1,046.9 26
16
1,312 Schwab
18
Oxford Financial Group
Carmel, Ind.
$1,012.2 120
30
6,100 Fidelity, Schwab
19
Mercer Global Advisors
Santa Barbara, Calif.
$1,011.0 88
48
15,593 20
Baker Street Advisors
San Francisco
$979.0 25
6
1,118 N/A
21
Seven Bridges Advisors
New York
$950.0 13
7
95 N/A
22
Geller Family Office Services
New York
$937.7 20
10
387 Self Custodian
23
Altair Advisers
Chicago
$917.2 32
15
452 N/A
24
Athena Capital Advisors
Lincoln, Mass.
$909.4 39
20
385 N/A
25
Gresham Partners
Chicago
$895.1 27
10
1,996 N/A
6
AUM GROWTH
invesTMenT clienT (MilliOns) eMplOyees AdvisORs AccOUnTs cUsTOdiAn
Fidelity,Schwab, Self Custodian,
TD Ameritrade
N/A
Fidelity, Schwab
N/A
Fidelity, Schwab
Fidelity, Schwab,
Self Custodian
Schwab, TD Ameritrade
Data gathered from Form ADV filings as of September 2013
50 Financial Planning January 2014
050_FPFeb14 9
12/4/2013 4:29:17 PM
RIA LeAdeRs: Who’s on Top?
50 Fastest-growing Firms (2011-2013)
RAnk FiRM
lOcATiOn
AUM GROWTH
invesTMenT clienT (MilliOns) eMplOyees AdvisORs AccOUnTs cUsTOdiAn
26
Hewins Financial Advisors
San Mateo, Calif.
$856.1 35
22
3,193 Schwab, Self Custodian
27
myCIO Wealth Partners
Philadelphia
$853.9 29
23
4,183 Schwab
28
Aspiriant
San Francisco
$843.3 114
51
4,752 Fidelity, Schwab, TD Ameritrade
29
Green Square Capital
Memphis, Tenn.
$823.1 14
9
1,084 Fidelity, Schwab
30
Beaumont Financial Partners
Wellesley Hills,
Mass.
$793.8 25
13
2,450 Fidelity, Pershing, Schwab,
TD Ameritrade
31
Wellspring Financial Advisors
Cleveland
$781.2 8
8
575 Fidelity
32
Wetherby Asset Management
San Francisco
$779.4 56
29
2,803 Schwab
33
Sontag Advisory
New York
$773.2 31
10
5,903 Fidelity, Schwab,
Self Custodian
34
Savant Capital
Rockford, Ill.
$759.4 86
31
2,849 Fidelity, Schwab,
Self Custodian, TD Ameritrade
35
Federal Street Advisors
Boston
$749.6 24
11
1,497 N/A
36
CM Wealth Advisors
Cleveland
$734.4 12
7
127 37
RINET Company
Boston
$726.4 30
15
1,384 Fidelity, Schwab
38
Plancorp
St. Louis
$717.9 28
21
4,153 Fidelity, Schwab, Self Custodian
39
Ballentine Partners
Waltham, Mass.
$702.4 30
30
2,638 Fidelity, Schwab
40
Homrich & Berg
Atlanta
$698.1 53
33
4,096 Fidelity, Schwab, TD Ameritrade
41
Dowling & Yahnke
San Diego
$696.9 23
11
3,220 Schwab
42
Balasa Dinverno Foltz
Itasca, Ill.
$696.4 23
23
3,641 Schwab, TD Ameritrade
43
Halbert Hargrove Global Advisors
Long Beach, Calif.
$696.2 31
21
2,879 Fidelity
44
SignatureFD
Atlanta
$689.0 27
14
481 Fidelity, Schwab, Self Custodian
45
Northeast Financial Consultants
Westport, Conn.
$685.9 4
2
1,601 Fidelity, Schwab, Self Custodian
46
Inverness Counsel
New York
$685.7 32
12
1,029 Self Custodian
47
Signature Financial Management
Norfolk, Va.
$663.3 30
16
954 48
TAG Associates
New York
$663.0 64
15
1,049 Related Person Custodian,
Schwab, Self Custodian
49
Warren Averett Asset Management Birmingham, Ala.
$637.7 30
20
1,438 Fidelity, Schwab
50
Brighton Jones
$628.8 50
20
705 Fidelity, Schwab
Seattle
Self Custodian
Schwab, Self Custodian
Source: Financial Media Group/AdvisorDatabases.com
52 Financial Planning January 2014
052_FPFeb14 10
12/4/2013 4:29:23 PM