Research Report · 2026-05-31
Top Registered Investment Advisers for Charities and Nonprofits
SEC-registered investment advisers ranked by reported assets from charitable organization clients in ADV Part 1 filings.
Firms
100
Total AUM
$37.78T
Median AUM
$123.25B
Latest Filing
2026-05-31
| Rank↕ | Firm Name | CRD↕ | Charitable Assets↕ | AUM↕ | Employees↕ | Latest Filing | |
|---|---|---|---|---|---|---|---|
| 1 | CAMBRIDGE ASSOCIATES, LLC | 104942 | $185.98B | $326.70B | 1,116 | 2026-04-30 | → |
| 2 | MORGAN STANLEY SMITH BARNEY LLC | 149777 | $79.48B | $1.96T | 29,481 | 2026-05-31 | → |
| 3 | PARAMETRIC PORTFOLIO ASSOCIATES LLC | 114310 | $74.30B | $684.78B | 1,109 | 2026-04-30 | → |
| 4 | MERCER INVESTMENTS LLC | 133449 | $62.56B | $226.04B | 714 | 2026-03-31 | → |
| 5 | STRATEGIC ADVISERS LLC | 104555 | $49.77B | $1.37T | 17,112 | 2026-03-31 | → |
| 6 | MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | 7691 | $43.03B | $1.78T | 32,960 | 2026-05-31 | → |
| 7 | NORTHERN TRUST INVESTMENTS, INCORPORATED | 105780 | $38.86B | $1.25T | 662 | 2026-05-31 | → |
| 8 | CORNERSTONE PARTNERS CAPITAL MANAGEMENT, LLC | 311296 | $28.83B | $29.35B | 36 | 2026-03-31 | → |
| 9 | BLACKROCK FINANCIAL MANAGEMENT, INC | 107105 | $28.58B | $1.60T | 7,987 | 2026-05-31 | → |
| 10 | PACIFIC INVESTMENT MANAGEMENT COMPANY LLC | 104559 | $27.50B | $3.67T | 1,968 | 2026-05-31 | → |
| 11 | MANAGED ACCOUNT ADVISORS LLC | 142558 | $26.25B | $994.99B | 61 | 2026-03-31 | → |
| 12 | INCOME RESEARCH + MANAGEMENT | 104863 | $25.84B | $130.65B | 218 | 2026-03-31 | → |
| 13 | CAPFINANCIAL PARTNERS, LLC | 175112 | $25.08B | $1.24T | 1,841 | 2026-05-31 | → |
| 14 | GOLDMAN SACHS ASSET MANAGEMENT, L.P. | 107738 | $24.69B | $2.65T | 2,059 | 2026-05-31 | → |
| 15 | J.P. MORGAN INVESTMENT MANAGEMENT INC. | 107038 | $24.34B | $3.52T | 3,194 | 2026-05-31 | → |
| 16 | ICONIQ CAPITAL, LLC | 159198 | $24.11B | $117.53B | 513 | 2026-04-30 | → |
| 17 | APERIO GROUP, LLC | 111616 | $22.47B | $152.13B | 208 | 2026-04-30 | → |
| 18 | UBS FINANCIAL SERVICES INC. | 8174 | $21.44B | $915.79B | 12,524 | 2026-03-31 | → |
| 19 | PARTNERS CAPITAL INVESTMENT GROUP, LLP | 120663 | $21.03B | $50.51B | 190 | 2026-04-30 | → |
| 20 | FUND EVALUATION GROUP, LLC | 121658 | $19.29B | $23.86B | 136 | 2026-03-31 | → |
| 21 | WELLINGTON MANAGEMENT COMPANY LLP | 106595 | $18.61B | $1.43T | 1,868 | 2026-03-31 | → |
| 22 | ASCENSION INVESTMENT MANAGEMENT, LLC | 159767 | $18.33B | $40.83B | 27 | 2026-01-31 | → |
| 23 | PAYDEN & RYGEL | 107160 | $18.21B | $158.23B | 194 | 2026-03-31 | → |
| 24 | CERITY PARTNERS LLC | 151559 | $17.53B | $161.68B | 1,529 | 2026-05-31 | → |
| 25 | GOLDMAN SACHS & CO. LLC | 361 | $17.53B | $133.64B | 2,268 | 2026-03-31 | → |
| 26 | FIDUCIENT ADVISORS LLC | 106720 | $17.47B | $97.54B | 210 | 2026-03-31 | → |
| 27 | INVESTURE, LLC | 130099 | $17.28B | $38.52B | 51 | 2026-03-31 | → |
| 28 | MARQUETTE ASSOCIATES, INC. | 21572 | $17.16B | $47.06B | 147 | 2026-05-31 | → |
| 29 | BROWN ADVISORY LLC | 110181 | $16.25B | $124.31B | 782 | 2026-03-31 | → |
| 30 | CERITY PARTNERS OCIO LLC | 151916 | $15.16B | $21.13B | 61 | 2026-03-31 | → |
| 31 | NEPC, LLC | 110562 | $14.77B | $152.72B | 379 | 2026-05-31 | → |
| 32 | WELLS FARGO CLEARING SERVICES, LLC | 19616 | $14.67B | $671.42B | 18,895 | 2026-05-31 | → |
| 33 | FIAM LLC | 133196 | $14.62B | $347.73B | 196 | 2026-03-31 | → |
| 34 | STRATEGIC INVESTMENT MANAGEMENT, LLC | 104862 | $13.11B | $35.51B | 94 | 2026-03-31 | → |
| 35 | RATHBONES INVESTMENT MANAGEMENT LIMITED | 124925 | $12.86B | $135.09B | 1,715 | 2026-03-31 | → |
| 36 | MPC CAPITAL ADVISORS, LLC | 153586 | $12.67B | $22.57B | 9 | 2026-03-31 | → |
| 37 | PANTHEON VENTURES (US) LP | 153425 | $11.69B | $87.69B | 129 | 2026-03-31 | → |
| 38 | PRIME BUCHHOLZ LLC | 106455 | $11.16B | $14.07B | 127 | 2026-03-31 | → |
| 39 | RBC CAPITAL MARKETS, LLC | 31194 | $10.80B | $310.43B | 8,781 | 2026-05-31 | → |
| 40 | NISA INVESTMENT ADVISORS, LLC | 107313 | $10.14B | $343.89B | 417 | 2026-03-31 | → |
| 41 | ALLSPRING GLOBAL INVESTMENTS, LLC | 104973 | $10.02B | $475.78B | 956 | 2026-05-31 | → |
| 42 | RUSSELL INVESTMENTS IMPLEMENTATION SERVICES, LLC | 329 | $9.56B | $81.09B | 569 | 2026-03-31 | → |
| 43 | BRECKINRIDGE CAPITAL ADVISORS INC | 107143 | $9.54B | $54.28B | 88 | 2026-03-31 | → |
| 44 | CIBC ASSET MANAGEMENT INC. | 106508 | $9.37B | $162.84B | 478 | 2026-04-30 | → |
| 45 | COMMONFUND OCIO, INC. | 110689 | $8.58B | $22.66B | 42 | 2025-12-31 | → |
| 46 | RHUMBLINE ADVISERS LTD PARTNERSHIP | 107151 | $8.48B | $136.48B | 32 | 2026-03-31 | → |
| 47 | TIAA KASPICK, LLC | 104554 | $8.25B | $8.74B | 115 | 2026-03-31 | → |
| 48 | LSV ASSET MANAGEMENT | 109918 | $7.96B | $104.25B | 45 | 2026-03-31 | → |
| 49 | ROBERT W. BAIRD & CO. INCORPORATED | 8158 | $7.66B | $394.07B | 4,322 | 2026-04-30 | → |
| 50 | GRANTHAM MAYO VAN OTTERLOO & CO LLC | 106220 | $7.62B | $80.97B | 365 | 2026-05-31 | → |
| 51 | LPL FINANCIAL LLC | 6413 | $7.59B | $819.12B | 41,879 | 2026-05-31 | → |
| 52 | RECORD CURRENCY MANAGEMENT LIMITED | 110893 | $7.56B | $100.64B | 86 | 2026-03-31 | → |
| 53 | BLACKROCK INVESTMENT MANAGEMENT, LLC | 108928 | $7.37B | $676.69B | 1,589 | 2026-05-31 | → |
| 54 | ACADIAN ASSET MANAGEMENT LLC | 106609 | $7.24B | $177.46B | 375 | 2026-05-31 | → |
| 55 | ENVESTNET ASSET MANAGEMENT, INC. | 111694 | $7.19B | $614.93B | 532 | 2026-04-30 | → |
| 56 | MORGAN STANLEY INVESTMENT MANAGEMENT INC. | 110353 | $7.01B | $702.25B | 670 | 2026-05-31 | → |
| 57 | CONCORD ADVISORY GROUP LTD | 107291 | $6.59B | $46.19B | 34 | 2026-03-31 | → |
| 58 | CAPITAL GROUP PRIVATE CLIENT SERVICES, INC. | 312837 | $6.44B | $42.71B | 189 | 2026-05-31 | → |
| 59 | PATHSTONE FAMILY OFFICE, LLC | 151736 | $6.34B | $110.30B | 704 | 2026-03-31 | → |
| 60 | J.P. MORGAN SECURITIES LLC | 79 | $6.28B | $429.69B | 8,703 | 2026-05-31 | → |
| 61 | STANHOPE CAPITAL, LLP | 162512 | $6.21B | $15.70B | 64 | 2026-03-31 | → |
| 62 | AUREUS ASSET MANAGEMENT, LLC | 136674 | $6.20B | $8.40B | 14 | 2026-03-31 | → |
| 63 | NEUBERGER BERMAN INVESTMENT ADVISERS LLC | 124687 | $6.00B | $398.65B | 1,542 | 2026-03-31 | → |
| 64 | ALLIANCEBERNSTEIN L.P. | 108477 | $5.89B | $763.40B | 4,204 | 2026-03-31 | → |
| 65 | FAYEZ SAROFIM & CO., LLC | 106584 | $5.65B | $35.07B | 54 | 2026-05-31 | → |
| 66 | BAHL & GAYNOR INC | 106139 | $5.64B | $20.99B | 79 | 2026-02-28 | → |
| 67 | EAGLE CAPITAL MANAGEMENT LLC | 106422 | $5.45B | $35.80B | 45 | 2026-03-31 | → |
| 68 | MARATHON ASSET MANAGEMENT LIMITED | 132391 | $5.44B | $39.04B | 74 | 2026-05-31 | → |
| 69 | MASON INVESTMENT ADVISORY SERVICES INC | 111113 | $5.44B | $15.67B | 72 | 2026-03-31 | → |
| 70 | STIFEL, NICOLAUS & COMPANY, INCORPORATED | 793 | $5.35B | $197.53B | 6,478 | 2026-05-31 | → |
| 71 | WESTERN ASSET MANAGEMENT COMPANY, LLC | 110441 | $5.26B | $184.99B | 137 | 2026-02-28 | → |
| 72 | MELLON INVESTMENTS CORPORATION | 105764 | $5.12B | $873.87B | 98 | 2026-05-31 | → |
| 73 | WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC | 11025 | $5.05B | $252.25B | 4,047 | 2026-05-31 | → |
| 74 | DAVIS SELECTED ADVISERS LP | 108674 | $5.01B | $30.12B | 121 | 2026-03-31 | → |
| 75 | DAVIS SELECTED ADVISERS - NY, INC. | 106659 | $4.99B | $21.98B | 57 | 2026-03-31 | → |
| 76 | SANDERS CAPITAL, LLC | 151480 | $4.89B | $122.18B | 26 | 2026-03-31 | → |
| 77 | GLOBAL ENDOWMENT MANAGEMENT, LP | 157772 | $4.87B | $12.88B | 82 | 2026-05-31 | → |
| 78 | ARTISAN PARTNERS LIMITED PARTNERSHIP | 150114 | $4.87B | $183.62B | 496 | 2026-03-31 | → |
| 79 | METROPOLITAN WEST ASSET MANAGEMENT LLC | 104571 | $4.65B | $78.52B | 377 | 2026-05-31 | → |
| 80 | ATLANTA CONSULTING GROUP ADVISORS, LLC | 288169 | $4.62B | $14.70B | 23 | 2026-04-30 | → |
| 81 | LUTHER KING CAPITAL MANAGEMENT CORPORATION | 110093 | $4.57B | $30.15B | 105 | 2025-06-30 | → |
| 82 | FOCUS PARTNERS WEALTH, LLC | 159289 | $4.46B | $181.86B | 1,915 | 2026-04-30 | → |
| 83 | UBS ASSET MANAGEMENT (AMERICAS) LLC | 106838 | $4.32B | $588.22B | 574 | 2026-03-31 | → |
| 84 | SIT FIXED INCOME ADVISORS II, LLC | 108271 | $4.24B | $14.97B | 73 | 2026-03-31 | → |
| 85 | CANTERBURY CONSULTING INCORPORATED | 22875 | $4.17B | $45.88B | 64 | 2026-05-31 | → |
| 86 | CREATIVE PLANNING, LLC | 105348 | $4.14B | $295.57B | 1,650 | 2026-03-31 | → |
| 87 | FISHER ASSET MANAGEMENT, LLC | 107342 | $4.11B | $386.67B | 4,369 | 2026-04-30 | → |
| 88 | HALL CAPITAL PARTNERS LLC | 106759 | $4.10B | $50.30B | 175 | 2025-03-31 | → |
| 89 | SUMMIT ROCK ADVISORS, LP | 144059 | $4.05B | $26.18B | 74 | 2026-03-31 | → |
| 90 | VALUE ALIGNED RESEARCH ADVISORS, LLC | 319135 | $3.95B | $9.14B | 9 | 2026-03-31 | → |
| 91 | CAMBRIDGE ASSOCIATES LIMITED, LLC | 106003 | $3.95B | $8.20B | 15 | 2026-03-31 | → |
| 92 | SCOUT INVESTMENTS, INC. | 111787 | $3.94B | $36.57B | 53 | 2026-05-31 | → |
| 93 | GUIDESTONE INVESTMENT SERVICES | 338335 | $3.91B | $3.91B | 28 | 2026-03-31 | → |
| 94 | SAGE ADVISORY SERVICES LTD CO | 106236 | $3.90B | $28.43B | 58 | 2026-03-31 | → |
| 95 | SEI INVESTMENTS MANAGEMENT CORP | 105146 | $3.87B | $216.43B | 434 | 2026-03-31 | → |
| 96 | JARISLOWSKY, FRASER LIMITED | 107390 | $3.56B | $38.23B | 225 | 2025-05-31 | → |
| 97 | PARVUS ASSET MANAGEMENT JERSEY LIMITED | 174027 | $3.55B | $11.47B | 1 | 2025-07-31 | → |
| 98 | CORIENT PRIVATE WEALTH LLC | 319448 | $3.52B | $165.25B | 1,537 | 2026-03-31 | → |
| 99 | SANDS CAPITAL MANAGEMENT, LLC | 137610 | $3.50B | $44.30B | 182 | 2026-03-31 | → |
| 100 | SPIDER MANAGEMENT COMPANY, LLC | 149343 | $3.47B | $6.41B | 23 | 2025-09-30 | → |
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