Research Report · 2026-05-31
Top Registered Investment Advisers for High-Net-Worth Clients
SEC-registered investment advisers ranked by reported assets from high-net-worth individual clients in ADV Part 1 filings.
Firms
100
Total AUM
$36.29T
Median AUM
$104.13B
Latest Filing
2026-05-31
| Rank↕ | Firm Name | CRD↕ | HNW Assets↕ | AUM↕ | Employees↕ | Latest Filing | |
|---|---|---|---|---|---|---|---|
| 1 | MORGAN STANLEY SMITH BARNEY LLC | 149777 | $1.25T | $1.96T | 29,481 | 2026-05-31 | → |
| 2 | EDWARD D. JONES & CO., L.P. | 250 | $613.21B | $1.01T | 36,317 | 2026-05-31 | → |
| 3 | ENVESTNET ASSET MANAGEMENT, INC. | 111694 | $387.57B | $614.93B | 532 | 2026-04-30 | → |
| 4 | MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | 7691 | $313.53B | $1.78T | 32,960 | 2026-05-31 | → |
| 5 | AMERIPRISE FINANCIAL SERVICES, LLC | 6363 | $278.45B | $660.47B | 14,056 | 2026-04-30 | → |
| 6 | MANAGED ACCOUNT ADVISORS LLC | 142558 | $249.70B | $994.99B | 61 | 2026-03-31 | → |
| 7 | FIDELITY PERSONAL AND WORKPLACE ADVISORS LLC | 288590 | $247.41B | $818.78B | 15,424 | 2025-03-31 | → |
| 8 | LPL FINANCIAL LLC | 6413 | $231.45B | $819.12B | 41,879 | 2026-05-31 | → |
| 9 | RBC CAPITAL MARKETS, LLC | 31194 | $182.25B | $310.43B | 8,781 | 2026-05-31 | → |
| 10 | CETERA INVESTMENT ADVISERS LLC | 105644 | $175.55B | $256.81B | 10,251 | 2026-04-30 | → |
| 11 | VANGUARD ADVISERS, INC. | 106715 | $164.80B | $344.62B | 2,208 | 2026-05-31 | → |
| 12 | STRATEGIC ADVISERS LLC | 104555 | $164.64B | $1.37T | 17,112 | 2026-03-31 | → |
| 13 | J.P. MORGAN PRIVATE INVESTMENTS INC. | 110186 | $150.39B | $469.98B | 758 | 2026-03-31 | → |
| 14 | J.P. MORGAN SECURITIES LLC | 79 | $141.83B | $429.69B | 8,703 | 2026-05-31 | → |
| 15 | EMPOWER ADVISORY GROUP, LLC | 112058 | $127.04B | $195.43B | 8,051 | 2026-05-31 | → |
| 16 | WELLS FARGO CLEARING SERVICES, LLC | 19616 | $122.51B | $671.42B | 18,895 | 2026-05-31 | → |
| 17 | RAYMOND JAMES & ASSOCIATES, INC. | 705 | $116.07B | $500.96B | 16,780 | 2026-03-31 | → |
| 18 | RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC | 149018 | $115.33B | $390.04B | 9,675 | 2026-04-30 | → |
| 19 | OSAIC WEALTH, INC. | 23131 | $113.44B | $234.86B | 8,979 | 2026-05-31 | → |
| 20 | CHARLES SCHWAB INVESTMENT MANAGEMENT, INC | 106753 | $108.47B | $1.72T | 946 | 2026-03-31 | → |
| 21 | MML INVESTORS SERVICES, LLC | 10409 | $105.77B | $115.64B | 6,976 | 2026-05-31 | → |
| 22 | UBS ASSET MANAGEMENT (AMERICAS) LLC | 106838 | $95.93B | $588.22B | 574 | 2026-03-31 | → |
| 23 | COMMONWEALTH EQUITY SERVICES, LLC | 8032 | $93.62B | $212.66B | 4,200 | 2026-05-31 | → |
| 24 | FINANCIAL ENGINES ADVISORS L.L.C. | 104510 | $92.64B | $326.29B | 1,679 | 2026-03-31 | → |
| 25 | FRANKLIN TEMPLETON PRIVATE PORTFOLIO GROUP, LLC | 142219 | $75.71B | $139.88B | 15 | 2026-04-30 | → |
| 26 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 116407 | $72.28B | $122.19B | 1,700 | 2026-04-30 | → |
| 27 | CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. | 134139 | $65.01B | $138.69B | 3,527 | 2026-05-31 | → |
| 28 | PARAMETRIC PORTFOLIO ASSOCIATES LLC | 114310 | $64.94B | $684.78B | 1,109 | 2026-04-30 | → |
| 29 | ASSETMARK, INC. | 109018 | $62.97B | $91.76B | 859 | 2026-05-31 | → |
| 30 | WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC | 11025 | $51.41B | $252.25B | 4,047 | 2026-05-31 | → |
| 31 | PACIFIC INVESTMENT MANAGEMENT COMPANY LLC | 104559 | $50.46B | $3.67T | 1,968 | 2026-05-31 | → |
| 32 | VESTMARK ADVISORY SOLUTIONS, INC. | 221518 | $49.85B | $49.85B | 33 | 2026-03-31 | → |
| 33 | FISHER ASSET MANAGEMENT, LLC | 107342 | $48.32B | $386.67B | 4,369 | 2026-04-30 | → |
| 34 | SEI INVESTMENTS MANAGEMENT CORP | 105146 | $47.68B | $216.43B | 434 | 2026-03-31 | → |
| 35 | CLEARBRIDGE INVESTMENTS, LLC | 137028 | $47.40B | $184.81B | 210 | 2026-01-31 | → |
| 36 | UBS FINANCIAL SERVICES INC. | 8174 | $47.16B | $915.79B | 12,524 | 2026-03-31 | → |
| 37 | BETTERMENT LLC | 149117 | $46.63B | $69.52B | 794 | 2026-05-31 | → |
| 38 | STIFEL, NICOLAUS & COMPANY, INCORPORATED | 793 | $41.03B | $197.53B | 6,478 | 2026-05-31 | → |
| 39 | MORNINGSTAR INVESTMENT MANAGEMENT LLC | 108031 | $35.59B | $87.82B | 267 | 2026-03-31 | → |
| 40 | OSAIC FA, INC. | 3978 | $35.12B | $37.13B | 1,607 | 2025-01-31 | → |
| 41 | ALIGHT FINANCIAL ADVISORS, LLC | 158744 | $35.05B | $35.05B | 70 | 2026-03-31 | → |
| 42 | ROBERT W. BAIRD & CO. INCORPORATED | 8158 | $33.33B | $394.07B | 4,322 | 2026-04-30 | → |
| 43 | GOLDMAN SACHS ASSET MANAGEMENT, L.P. | 107738 | $32.19B | $2.65T | 2,059 | 2026-05-31 | → |
| 44 | WEALTHFRONT ADVISERS LLC | 148456 | $30.25B | $47.73B | 432 | 2026-05-31 | → |
| 45 | AE WEALTH MANAGEMENT, LLC | 282580 | $30.20B | $49.84B | 630 | 2026-03-31 | → |
| 46 | RATHBONES INVESTMENT MANAGEMENT LIMITED | 124925 | $29.11B | $135.09B | 1,715 | 2026-03-31 | → |
| 47 | VALIC FINANCIAL ADVISORS, INC. | 42803 | $26.42B | $29.22B | 1,647 | 2026-05-31 | → |
| 48 | NATIXIS ADVISORS, LLC | 106800 | $24.82B | $108.65B | 412 | 2026-03-31 | → |
| 49 | EP WEALTH ADVISORS, LLC. | 111147 | $24.82B | $45.15B | 618 | 2026-04-30 | → |
| 50 | KESTRA ADVISORY SERVICES, LLC | 283330 | $24.54B | $79.80B | 1,359 | 2026-05-31 | → |
| 51 | PNC WEALTH MANAGEMENT | 129052 | $24.04B | $30.27B | 1,713 | 2026-05-31 | → |
| 52 | CWM, LLC | 155344 | $23.87B | $50.58B | 1,416 | 2026-05-31 | → |
| 53 | BNY MELLON ADVISORS, INC. | 106108 | $23.66B | $33.48B | 66 | 2026-05-31 | → |
| 54 | TRUIST ADVISORY SERVICES, INC. | 283390 | $23.06B | $77.39B | 2,461 | 2026-04-30 | → |
| 55 | AVANTAX ADVISORY SERVICES, INC. | 104556 | $22.53B | $46.11B | 2,278 | 2025-03-31 | → |
| 56 | HIGHTOWER ADVISORS, LLC | 145323 | $21.50B | $198.58B | 1,983 | 2026-05-31 | → |
| 57 | JANNEY MONTGOMERY SCOTT LLC | 463 | $21.06B | $110.11B | 2,404 | 2026-03-31 | → |
| 58 | FIRST COMMAND ADVISORY SERVICES | 281958 | $20.10B | $24.43B | 1,787 | 2026-03-31 | → |
| 59 | PRIVATE ADVISOR GROUP, LLC | 155216 | $19.92B | $44.33B | 674 | 2026-05-31 | → |
| 60 | NUVEEN ASSET MANAGEMENT, LLC | 155584 | $19.69B | $280.48B | 381 | 2026-03-31 | → |
| 61 | CREATIVE PLANNING, LLC | 105348 | $19.52B | $295.57B | 1,650 | 2026-03-31 | → |
| 62 | ORION PORTFOLIO SOLUTIONS, LLC | 107975 | $19.44B | $64.84B | 305 | 2026-03-31 | → |
| 63 | TRANSAMERICA RETIREMENT ADVISORS, LLC | 107319 | $17.45B | $18.83B | 398 | 2026-03-31 | → |
| 64 | LINCOLN INVESTMENT PLANNING, LLC | 519 | $17.42B | $21.99B | 1,238 | 2026-04-30 | → |
| 65 | OPPENHEIMER & CO. INC. | 249 | $16.85B | $36.71B | 2,806 | 2026-05-31 | → |
| 66 | NATIONWIDE INVESTMENT ADVISORS, LLC | 142373 | $16.70B | $16.73B | 401 | 2026-05-31 | → |
| 67 | FRANKLIN ADVISERS, INC. | 104517 | $14.81B | $509.45B | 384 | 2026-05-31 | → |
| 68 | U.S. BANCORP INVESTMENTS, INC. | 17868 | $14.69B | $22.94B | 2,148 | 2026-03-31 | → |
| 69 | D.A. DAVIDSON & CO. | 199 | $14.02B | $41.84B | 990 | 2026-01-31 | → |
| 70 | SAVANT CAPITAL, LLC | 107271 | $13.81B | $49.57B | 659 | 2026-04-30 | → |
| 71 | EAGLE ASSET MANAGEMENT INC | 110653 | $13.54B | $60.65B | 77 | 2025-12-31 | → |
| 72 | FOCUS PARTNERS WEALTH, LLC | 159289 | $13.52B | $181.86B | 1,915 | 2026-04-30 | → |
| 73 | ACORNS ADVISERS, LLC | 165926 | $13.35B | $13.39B | 302 | 2026-03-31 | → |
| 74 | OPPENHEIMER ASSET MANAGEMENT INC. | 105559 | $13.12B | $21.33B | 129 | 2026-03-31 | → |
| 75 | BENJAMIN F. EDWARDS & COMPANY, INCORPORATED | 146936 | $13.12B | $15.66B | 736 | 2026-03-31 | → |
| 76 | EAGLE STRATEGIES LLC | 110826 | $12.94B | $25.40B | 2,804 | 2026-03-31 | → |
| 77 | ROCKEFELLER FINANCIAL LLC | 291361 | $12.78B | $99.60B | 1,005 | 2026-03-31 | → |
| 78 | ENVESTNET PORTFOLIO SOLUTIONS, INC. | 109662 | $12.71B | $17.35B | 532 | 2026-04-30 | → |
| 79 | CAPITAL RESEARCH AND MANAGEMENT COMPANY | 110885 | $12.66B | $3.75T | 1,417 | 2026-05-31 | → |
| 80 | PFS INVESTMENTS INC. | 10111 | $12.21B | $15.54B | 3,992 | 2026-03-31 | → |
| 81 | CITIZENS SECURITIES, INC. | 39550 | $12.21B | $12.87B | 471 | 2026-04-30 | → |
| 82 | LPL ENTERPRISE, LLC | 8733 | $11.78B | $24.94B | 5,215 | 2026-03-31 | → |
| 83 | EVERETT HARRIS & CO | 106830 | $11.37B | $11.53B | 18 | 2026-03-31 | → |
| 84 | NEWEDGE ADVISORS, LLC | 171351 | $11.28B | $43.21B | 1,073 | 2026-05-31 | → |
| 85 | PRINCIPAL SECURITIES, INC. | 1137 | $11.21B | $17.02B | 1,464 | 2026-03-31 | → |
| 86 | CLARK CAPITAL MANAGEMENT GROUP INC | 104796 | $11.15B | $35.69B | 151 | 2026-05-31 | → |
| 87 | BROOKSTONE CAPITAL MANAGEMENT LLC | 141413 | $11.02B | $12.75B | 405 | 2026-03-31 | → |
| 88 | MARINER, LLC | 140195 | $10.67B | $125.41B | 1,889 | 2026-03-31 | → |
| 89 | CIBC PRIVATE WEALTH ADVISORS, INC. | 109644 | $9.73B | $67.84B | 610 | 2026-03-31 | → |
| 90 | GEOWEALTH MANAGEMENT LLC | 148222 | $9.71B | $17.57B | 88 | 2026-03-31 | → |
| 91 | UNITED CAPITAL FINANCIAL ADVISORS, LLC | 134600 | $9.59B | $24.65B | 289 | 2026-03-31 | → |
| 92 | CITIGROUP GLOBAL MARKETS INC. | 7059 | $9.55B | $56.01B | 7,036 | 2026-05-31 | → |
| 93 | &PARTNERS | 3767 | $9.33B | $30.27B | 703 | 2026-03-31 | → |
| 94 | EQUITABLE ADVISORS, LLC | 6627 | $9.18B | $42.48B | 5,674 | 2026-05-31 | → |
| 95 | PARK AVENUE SECURITIES LLC | 46173 | $9.11B | $19.58B | 2,073 | 2026-04-30 | → |
| 96 | AMERITAS ADVISORY SERVICES, LLC | 317245 | $9.00B | $13.75B | 797 | 2026-03-31 | → |
| 97 | THRIVENT INVESTMENT MANAGEMENT INC. | 18387 | $8.89B | $20.77B | 3,901 | 2026-04-30 | → |
| 98 | NEUBERGER BERMAN INVESTMENT ADVISERS LLC | 124687 | $8.85B | $398.65B | 1,542 | 2026-03-31 | → |
| 99 | NORTHERN TRUST INVESTMENTS, INCORPORATED | 105780 | $8.81B | $1.25T | 662 | 2026-05-31 | → |
| 100 | LORD, ABBETT & CO. LLC | 110391 | $8.65B | $270.39B | 821 | 2025-12-31 | → |
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