From SEC Form ADV, data as of Oct 2, 2026
Top RIAs by state
- 14,857
- SEC-registered RIAs
- $161.27T
- Regulatory AUM
- 4,816
- Firms at $1B and above
14,857 RIAs registered with the SEC list a main office in a US state or the District of Columbia, managing $161.27T in regulatory assets per the SEC's Form ADV data as of Oct 2, 2026. 4,816 of them report $1 billion or more. Each state page lists up to its 1,000 largest firms, sorted by regulatory assets as each firm filed them, with the SEC's record linked on every row.
All states
Fifty states and the District of Columbia
- Alabama92 · $179.4B
- Alaska9 · $8.5B
- Arizona212 · $511.2B
- Arkansas57 · $62.7B
- California1,873 · $23.74T
- Colorado359 · $1.31T
- Connecticut507 · $3.34T
- Delaware39 · $314.0B
- District of Columbia59 · $549.4B
- Florida1,090 · $4.32T
- Georgia331 · $1.49T
- Hawaii20 · $9.0B
- Idaho54 · $52.0B
- Illinois684 · $7.81T
- Indiana146 · $226.4B
- Iowa91 · $988.3B
- Kansas134 · $822.3B
- Kentucky85 · $80.6B
- Louisiana82 · $98.2B
- Maine32 · $32.6B
- Maryland227 · $3.10T
- Massachusetts627 · $19.28T
- Michigan305 · $567.5B
- Minnesota276 · $2.43T
- Mississippi34 · $24.6B
- Missouri196 · $3.58T
- Montana24 · $63.7B
- Nebraska71 · $251.1B
- Nevada77 · $91.0B
- New Hampshire78 · $59.1B
- New Jersey392 · $6.10T
- New Mexico25 · $65.8B
- New York2,591 · $37.68T
- North Carolina288 · $3.03T
- North Dakota9 · $3.5B
- Ohio403 · $1.09T
- Oklahoma84 · $89.6B
- Oregon156 · $218.5B
- Pennsylvania564 · $27.20T
- Rhode Island49 · $425.9B
- South Carolina116 · $956.5B
- South Dakota14 · $6.7B
- Tennessee227 · $1.03T
- Texas1,081 · $4.55T
- Utah151 · $227.9B
- Vermont33 · $76.8B
- Virginia300 · $584.6B
- Washington271 · $1.23T
- West Virginia12 · $8.8B
- Wisconsin195 · $1.26T
- Wyoming25 · $43.6B
Nationally
The ten largest filers by regulatory AUM
The default sort is regulatory assets under management as each firm filed it, which puts asset managers and wealth managers on one list. The toggle for firms where individuals and high-net-worth individuals hold the majority of assets is what separates them, using the firm's own Form ADV Item 5.D figures.
- 01Vanguard Group Inc · Malvern, PA$11.09T
- 02Vanguard Capital Management, LLC · Malvern, PA$8.44T
- 03Fidelity Management & Research Company LLC · Boston, MA$5.69T
- 04Capital Research and Management Company · Los Angeles, CA$4.32T
- 05BlackRock Fund Advisors · San Francisco, CA$4.28T
- 06Pacific Investment Management Company LLC · Newport Beach, CA$3.67T
- 07J.P. Morgan Investment Management Inc. · New York, NY$3.52T
- 08Vanguard Portfolio Management, LLC · Malvern, PA$2.66T
- 09Goldman Sachs Asset Management, L.P. · New York, NY$2.65T
- 10T. Rowe Price Associates, Inc. · Baltimore, MD$2.20T
Source: SEC and FINRA public filings (Form ADV, BrokerCheck, IAPD). Figures are as self-reported by each firm on Form ADV Item 5; the SEC does not verify them. Data as of Oct 2, 2026, retrieved Oct 14, 2026. Neither the SEC nor the state securities authorities have approved the information filed on Form ADV, and we can not guarantee its accuracy.