Winthrop & Co. · From SEC Form ADV, data as of Sep 1, 2026
Top RIAs by state
- 14,812
- SEC-registered RIAs
- $160.46T
- Regulatory AUM
- 4,817
- Firms at $1B and above
14,812 RIAs registered with the SEC list a main office in a US state or the District of Columbia, managing $160.46T in regulatory assets per the SEC's Form ADV data as of Sep 1, 2026. 4,817 of them report $1 billion or more.Each state page lists every firm, 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
- Alabama91 · $179.4B
- Alaska9 · $8.8B
- Arizona209 · $507.6B
- Arkansas59 · $63.3B
- California1,871 · $23.06T
- Colorado356 · $1.31T
- Connecticut506 · $3.36T
- Delaware38 · $314.0B
- District of Columbia60 · $549.7B
- Florida1,081 · $4.25T
- Georgia330 · $1.49T
- Hawaii20 · $9.0B
- Idaho53 · $51.6B
- Illinois678 · $7.78T
- Indiana147 · $224.0B
- Iowa90 · $988.3B
- Kansas133 · $822.1B
- Kentucky85 · $80.5B
- Louisiana81 · $98.0B
- Maine32 · $32.6B
- Maryland230 · $3.10T
- Massachusetts627 · $19.27T
- Michigan306 · $565.4B
- Minnesota276 · $2.43T
- Mississippi35 · $24.7B
- Missouri194 · $3.58T
- Montana24 · $63.5B
- Nebraska70 · $250.1B
- Nevada76 · $90.8B
- New Hampshire77 · $59.1B
- New Jersey389 · $6.07T
- New Mexico25 · $65.8B
- New York2,581 · $37.66T
- North Carolina290 · $3.03T
- North Dakota9 · $3.5B
- Ohio400 · $1.09T
- Oklahoma84 · $89.6B
- Oregon157 · $219.0B
- Pennsylvania564 · $27.20T
- Rhode Island51 · $426.1B
- South Carolina115 · $956.5B
- South Dakota14 · $6.6B
- Tennessee225 · $1.03T
- Texas1,077 · $4.55T
- Utah150 · $227.8B
- Vermont33 · $76.8B
- Virginia301 · $584.5B
- 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
- 04BlackRock Fund Advisors · San Francisco, CA$4.28T
- 05Capital Research and Management Company · Los Angeles, CA$3.75T
- 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: U.S. Securities and Exchange Commission, Form ADV data, Information About Registered Investment Advisers and Exempt Reporting Advisers, file ia09012026-registered.zip (data as of Sep 1, 2026), retrieved Sep 10, 2026. Figures are as self-reported by each firm on Form ADV Item 5; the SEC does not verify them. Neither the SEC nor the state securities authorities have approved the information filed on Form ADV, and we can not guarantee its accuracy.