Top RIAs in Alabama
Every SEC-registered RIA with a main office in Alabama, by regulatory AUM, from Form ADV
91 RIAs registered with the SEC are headquartered in Alabama, the 28th most of any state, managing $179.4B in regulatory assets as of Sep 1, 2026. The largest by regulatory AUM is Waverly Advisors, LLC in Birmingham at $29.9B. 23 firms report $1 billion or more.
91
SEC-registered RIAs
$179.4B
Regulatory AUM
23
Firms at $1B and above
$442.7M
Median firm AUM
Data as of Sep 1, 2026, file ia09012026-registered.zip. Retrieved Sep 10, 2026.
01 · The firms
Every SEC-registered RIA in Alabama, 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.
All 91 firms, by regulatory AUM as filed.
| # | Firm | City | Regulatory AUM | Advisory staff | Accounts | Individual + HNW clients | Retail share | Filed |
|---|---|---|---|---|---|---|---|---|
| 1 | Waverly Advisors, LLCCRD 115332 | Birmingham | $29.9B | 197 | 35,709 | 12,923 | 71% | Aug 2026 |
| 2 | Highland Associates IncCRD 104948 | Birmingham | $21.0B | 18 | 61 | 0 | 0% | Jul 2026 |
| 3 | Regions Investment Management, Inc.CRD 111715 | Birmingham | $20.1B | 24 | 2 | n.d. | 0% | Jul 2026 |
| 4 | Aptus Capital Advisors, LLCCRD 167626 | Fairhope | $14.1B | 26 | 12,707 | 12,693 | 76% | Jul 2026 |
| 5 | RFG Advisory, LLCCRD 158401 | Vestavia Hills | $8.0B | 178 | 29,833 | 17,207 | 64% | Aug 2026 |
| 6 | Harbert Fund Advisors, LLCCRD 110577 | Birmingham | $7.8B | 62 | 44 | n.d. | 0% | Mar 2026 |
| 7 | Vulcan Value Partners LLCCRD 151190 | Birmingham | $6.1B | 12 | 160 | 93 | 8% | May 2026 |
| 8 | Resource Management Service, LLCCRD 130791 | Birmingham | $5.9B | 13 | 14 | n.d. | 0% | Mar 2026 |
| 9 | Eversource Wealth Advisors, LLCCRD 286340 | Birmingham | $5.1B | 76 | 13,689 | 3,255 | 75% | Aug 2026 |
| 10 | Stonex Advisors Inc.CRD 174182 | Birmingham | $5.1B | 220 | 15,487 | 9,741 | 96% | Jun 2026 |
| 11 | Keel Point, LLCCRD 127902 | Huntsville | $4.1B | 54 | 6,236 | 1,560 | 80% | Jun 2026 |
| 12 | Johnson Sterling, Inc.CRD 106379 | Birmingham | $3.9B | 5 | 365 | 332 | 13% | Mar 2026 |
| 13 | The Welch Group, LLCCRD 111273 | Birmingham | $3.7B | 26 | 4,528 | 1,416 | 99% | Aug 2026 |
| 14 | Oneascent Financial Services LLCCRD 284549 | Birmingham | $3.5B | 74 | 16,009 | 5,128 | 86% | Aug 2026 |
| 15 | Leavell Investment Management, Inc.CRD 107890 | Mobile | $3.4B | 24 | 3,023 | 2,850 | 70% | May 2026 |
| 16 | Mitchell, McLeod, Pugh & Williams, Inc.CRD 138240 | Mobile | $2.7B | 9 | 2,420 | 935 | 65% | Jul 2026 |
| 17 | Arlington Partners LLCCRD 109335 | Birmingham | $2.3B | 11 | 24 | n.d. | 0% | Mar 2026 |
| 18 | Jackson Thornton Wealth Management, LLCCRD 116091 | Montgomery | $2.0B | 9 | 2,367 | 943 | 92% | May 2026 |
| 19 | Lanark Financial, Inc.CRD 17870 | Birmingham | $1.8B | 63 | 4,966 | 3,508 | 88% | Jul 2026 |
| 20 | Southern Financial Group, LLCCRD 142644 | Birmingham | $1.1B | 2 | 2,597 | 1,140 | 100% | Feb 2026 |
| 21 | Marble Wealth, LLCCRD 335291 | Montgomery | $1.0B | 5 | 1,077 | 286 | 62% | Jul 2026 |
| 22 | Anderson Growth Partners, LLCCRD 138600 | Birmingham | $1.0B | 5 | 209 | 172 | 17% | Mar 2026 |
| 23 | Capsouth Wealth ManagementCRD 132517 | Dothan | $1.0B | 13 | 1,420 | 330 | 44% | Mar 2026 |
| 24 | Oneascent Investment Solutions, LLCCRD 285512 | Birmingham | $987.2M | 9 | 47 | 9 | 2% | Mar 2026 |
| 25 | Park Place Capital CorporationCRD 107952 | Homewood | $879.2M | 7 | 609 | 607 | 50% | Mar 2026 |
| 26 | Smith Thornton Advisors, LLCCRD 312537 | Huntsville | $852.3M | 5 | 858 | 327 | 44% | Aug 2026 |
| 27 | Oakworth Asset Management, LLCCRD 335388 | Birmingham | $846.3M | 19 | 746 | 539 | 84% | Mar 2026 |
| 28 | Sunburst Financial Group, LLCCRD 283605 | Vestavia Hills | $808.1M | 6 | 2,346 | 865 | 89% | May 2026 |
| 29 | Mayfair Advisory Group, LLCCRD 304668 | Birmingham | $806.4M | 4 | 1,240 | 389 | 95% | Feb 2026 |
| 30 | Park Lane Advisors, LLCCRD 338445 | Birmingham | $799.0M | 4 | 8 | 0 | 0% | Aug 2026 |
| 31 | BHK Investment AdvisorsCRD 140515 | Birmingham | $794.1M | 5 | 771 | 304 | 61% | Apr 2026 |
| 32 | Meld Financial, Inc.CRD 118896 | Birmingham | $776.4M | 10 | 1,942 | 1,114 | 95% | Mar 2026 |
| 33 | Porter White Investment Advisors, Inc.CRD 110876 | Birmingham | $748.2M | 5 | 329 | 90 | 68% | Apr 2026 |
| 34 | Bmss Wesson Wealth SolutionsCRD 282792 | Birmingham | $704.0M | 6 | 1,183 | 260 | 99% | Mar 2026 |
| 35 | Fairvoy Private Wealth, LLCCRD 329636 | Birmingham | $605.1M | 6 | 1,269 | 463 | 99% | Mar 2026 |
| 36 | Mainsail Asset Management, LLCCRD 128373 | Birmingham | $598.8M | 4 | 889 | 142 | 62% | Jul 2026 |
| 37 | Truewealth Advisors, LLCCRD 298838 | Hoover | $547.5M | 13 | 1,614 | 1,090 | 99% | Aug 2026 |
| 38 | Oneascent Family OfficesCRD 323305 | Birmingham | $544.5M | 10 | 292 | 78 | 45% | Aug 2026 |
| 39 | BCR Wealth StrategiesCRD 119670 | Vestavia | $528.1M | 7 | 1,219 | 354 | 94% | Jan 2026 |
| 40 | Bonaventure Capital, LLCCRD 120780 | Birmingham | $493.8M | 3 | 30 | 19 | 74% | Mar 2026 |
| 41 | Oneascent Wealth ManagementCRD 308057 | Birmingham | $475.6M | 12 | 2,616 | 916 | 96% | Aug 2026 |
| 42 | Kassouf Wealth Advisors, LLCCRD 122683 | Birmingham | $471.3M | 6 | 440 | 198 | 77% | Mar 2026 |
| 43 | Brown Financial AdvisoryCRD 155548 | Fairhope | $468.2M | 6 | 859 | 275 | 96% | Mar 2026 |
| 44 | Axient Investment Advisors LLCCRD 336722 | Huntsville | $454.0M | 12 | 1,135 | 749 | 96% | Mar 2026 |
| 45 | Invista AdvisorsCRD 282899 | Montgomery | $443.5M | 6 | 1,022 | 640 | 61% | Mar 2026 |
| 46 | Money Management Services IncCRD 106832 | Birmingham | $442.7M | 7 | 1,377 | 521 | 100% | Mar 2026 |
| 47 | Steadmont Advisors, LLCCRD 328882 | Birmingham | $430.7M | 4 | 1,249 | 333 | 99% | Aug 2026 |
| 48 | Navigate Wealth Management, LLCCRD 173770 | Birmingham | $429.6M | 6 | 873 | 271 | 95% | Aug 2026 |
| 49 | Hayek Kallen Investment Management L.L.C.CRD 106454 | Fairhope | $424.4M | 1 | 201 | 200 | 99% | Mar 2026 |
| 50 | JMF Capstone Wealth ManagementCRD 118296 | Tuscaloosa | $416.1M | 7 | 540 | 214 | 98% | Mar 2026 |
02 · By city
Where in Alabama the firms sit
Main-office city as filed. Up to the twenty-five cities with the most firms.
- Birmingham49 · $132.5B
- Mobile7 · $7.4B
- Huntsville6 · $6.1B
- Fairhope4 · $15.2B
- Montgomery4 · $3.8B
- Homewood3 · $1.3B
- Hoover3 · $935.1M
- Vestavia Hills3 · $8.9B
- Auburn2 · $151.5M
- Daphne2 · $449.0M
- Dothan2 · $1.2B
- Tuscaloosa2 · $548.2M
- Alexander City1 · $242.6M
- Madison1 · $0
- Mountain Brook1 · $188.3M
- Vestavia1 · $528.1M
03 · Questions
Questions people ask about RIAs in Alabama
- How many RIAs are in Alabama?
- 91 RIAs registered with the SEC list a main office in Alabama in the SEC's Form ADV data as of Sep 1, 2026. That count excludes state-registered RIAs, which generally manage under $100 million and file with the state rather than the SEC, and firms whose address is suppressed on Form ADV.
- What is the largest RIA in Alabama?
- By regulatory assets under management as filed on Form ADV, the largest SEC-registered RIA headquartered in Alabama is Waverly Advisors, LLC in Birmingham, at $29.9B. Regulatory AUM counts all assets a firm manages, so the largest filer in a state is often an asset manager rather than a wealth manager.
- How many Alabama RIAs manage more than $1 billion?
- 23 of the 91 SEC-registered RIAs headquartered in Alabama report regulatory assets under management of $1 billion or more. The median firm in the state reports $442.7M.
- Where does this data come from?
- From the SEC's monthly Form ADV data file for SEC-registered investment advisers (ia09012026-registered.zip, data as of Sep 1, 2026). Each figure is as the firm itself reported it on Form ADV Item 5; the SEC does not verify it. Every row links to the firm's record on the SEC's Investment Adviser Public Disclosure site.
Definitions and source
What each column means, in the SEC's words
- Regulatory assets under management Form ADV Item 5.F(2)(c)
- If yes, what is the amount of your regulatory assets under management and total number of accounts? Total, discretionary plus non-discretionary.
- Total accounts Form ADV Item 5.F(2)(f)
- Total number of accounts, discretionary plus non-discretionary.
- Employees Form ADV Item 5.A
- Approximately how many employees do you have? Include full- and part-time employees but do not include any clerical workers.
- Advisory employees Form ADV Item 5.B(1)
- Approximately how many of the employees reported in 5.A. perform investment advisory functions (including research)?
- Broker-dealer registered representatives Form ADV Item 5.B(2)
- Approximately how many of the employees reported in 5.A. are registered representatives of a broker-dealer?
- Individual and high-net-worth clients Form ADV Item 5.D(a), 5.D(b)
- Number of clients and amount of regulatory assets under management for individuals (other than high net worth individuals) and for high net worth individuals.
- Commissions Form ADV Item 5.E(5)
- You are compensated for your investment advisory services by (check all that apply): (5) Commissions.
- Private funds Form ADV Item 7.B
- Are you an adviser to any private fund?
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.
Winthrop & Co. is compensated by firms when an advisor joins through us. The advisor never pays. Firms on this page are listed by arithmetic on the SEC's file, not by any relationship with us, and none is ranked, labelled or recommended.