Top RIAs in California
Every SEC-registered RIA with a main office in California, by regulatory AUM, from Form ADV
1,871 RIAs registered with the SEC are headquartered in California, the 2nd most of any state, managing $23.06T in regulatory assets as of Sep 1, 2026. The largest by regulatory AUM is BlackRock Fund Advisors in San Francisco at $4.28T. 626 firms report $1 billion or more.
1,871
SEC-registered RIAs
$23.06T
Regulatory AUM
626
Firms at $1B and above
$472.5M
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 California, 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.
The 500 largest of 1,871 firms by regulatory AUM as filed.
| # | Firm | City | Regulatory AUM | Advisory staff | Accounts | Individual + HNW clients | Retail share | Filed |
|---|---|---|---|---|---|---|---|---|
| 1 | BlackRock Fund AdvisorsCRD 105247 | San Francisco | $4.28T | 122 | 556 | n.d. | 0% | May 2026 |
| 2 | Capital Research and Management CompanyCRD 110885 | Los Angeles | $3.75T | 393 | 22,833 | 22,154 | 1% | Jul 2026 |
| 3 | Pacific Investment Management Company LLCCRD 104559 | Newport Beach | $3.67T | 628 | 2,835 | 5,850 | 1% | Aug 2026 |
| 4 | Charles Schwab Investment Management, IncCRD 106753 | San Francisco | $1.72T | 175 | 856,597 | 852,332 | 13% | Mar 2026 |
| 5 | Franklin Advisers, Inc.CRD 104517 | San Mateo | $509.5B | 272 | 25,018 | 23,023 | 4% | Jul 2026 |
| 6 | Dodge & COXCRD 104596 | San Francisco | $466.6B | 100 | 740 | 347 | 2% | Apr 2026 |
| 7 | Ares Management LLCCRD 130074 | Los Angeles | $458.8B | 1,550 | 715 | n.d. | 0% | Aug 2026 |
| 8 | Edelman Financial EnginesCRD 104510 | Santa Clara | $326.3B | 553 | 1,517,156 | 477,170 | 55% | Jul 2026 |
| 9 | KKR Credit Advisors (US) LLCCRD 146629 | San Francisco | $270.9B | 181 | 204 | 0 | 0% | Aug 2026 |
| 10 | Western Asset Management CompanyCRD 110441 | Pasadena | $185.0B | 82 | 31,897 | 30,418 | 4% | Jun 2026 |
| 11 | Oaktree Capital Management, L.P.CRD 106793 | Los Angeles | $183.3B | 282 | 620 | 0 | 0% | Aug 2026 |
| 12 | Global Retirement Partners LLCCRD 172011 | San Rafael | $169.6B | 442 | 33,988 | 17,340 | 6% | Jun 2026 |
| 13 | Payden & RygelCRD 107160 | Los Angeles | $158.2B | 122 | 895 | 87 | 1% | Jul 2026 |
| 14 | Aperio Group, LLCCRD 111616 | Sausalito | $152.1B | 88 | 33,901 | 31,012 | 65% | Apr 2026 |
| 15 | WilshireCRD 6210 | Santa Monica | $149.1B | 86 | 650,319 | n.d. | 0% | Jul 2026 |
| 16 | Primecap Management CoCRD 105516 | Pasadena | $139.3B | 22 | 18 | 0 | 0% | Jul 2026 |
| 17 | Capital Bank and Trust CompanyCRD 170017 | Irvine | $139.3B | 0 | 579 | 501 | 2% | May 2026 |
| 18 | Silver Lake Technology Management, LLCCRD 161206 | Menlo Park | $117.7B | 119 | 38 | n.d. | 0% | May 2026 |
| 19 | Iconiq Capital, LLCCRD 159198 | San Francisco | $117.5B | 158 | 1,651 | 380 | 9% | Aug 2026 |
| 20 | Hellman & Friedman LLCCRD 158614 | San Francisco | $110.4B | 60 | 45 | n.d. | 0% | Mar 2026 |
| 21 | Stepstone Group LPCRD 143635 | La Jolla | $107.8B | 209 | 412 | 14 | 0% | Jul 2026 |
| 22 | Andreessen HorowitzCRD 160489 | Menlo Park | $106.5B | 88 | 119 | n.d. | 0% | Mar 2026 |
| 23 | Vista Equity Partners Management, LLCCRD 156973 | San Francisco | $106.0B | 159 | 128 | n.d. | 0% | Mar 2026 |
| 24 | Pathway Capital Management, LPCRD 108016 | Irvine | $97.8B | 88 | 121 | 0 | 0% | Jun 2026 |
| 25 | Ares Capital Management LLCCRD 131619 | Los Angeles | $97.6B | 411 | 57 | n.d. | 0% | Aug 2026 |
| 26 | WCM Investment ManagementCRD 104702 | Laguna Beach | $96.8B | 44 | 6,728 | 5,711 | 8% | Aug 2026 |
| 27 | Assetmark, Inc.CRD 109018 | Concord | $91.8B | 269 | 456,453 | 448,019 | 92% | May 2026 |
| 28 | PantheonCRD 153425 | San Francisco | $87.7B | 56 | 157 | n.d. | 0% | Jul 2026 |
| 29 | Leonard Green & Partners, L.P.CRD 158164 | Los Angeles | $85.6B | 57 | 117 | n.d. | 0% | Mar 2026 |
| 30 | Clearlake Capital Group, L.P.CRD 157920 | Santa Monica | $83.6B | 97 | 147 | n.d. | 0% | Jun 2026 |
| 31 | Sequoia Capital Operations, LLCCRD 157373 | Menlo Park | $82.2B | 32 | 60 | n.d. | 0% | Jul 2026 |
| 32 | TCW Asset Management Company LLCCRD 105742 | Los Angeles | $81.2B | 145 | 218 | 19 | 1% | May 2026 |
| 33 | Metropolitan West Asset Management LLCCRD 104571 | Los Angeles | $78.5B | 86 | 107 | 1 | 0% | May 2026 |
| 34 | Alan Biller and AssociatesCRD 105283 | Menlo Park | $65.1B | 24 | 52 | n.d. | 0% | Jan 2026 |
| 35 | Causeway Capital Management LLCCRD 113308 | Los Angeles | $62.2B | 40 | 565 | 1,415 | 1% | Mar 2026 |
| 36 | IEQ Capital, LLCCRD 301819 | Foster City | $56.8B | 193 | 2,309 | 2,300 | 100% | Jun 2026 |
| 37 | Beacon Pointe Advisors, LLCCRD 119290 | Newport Beach | $54.9B | 440 | 29,892 | 29,565 | 90% | Aug 2026 |
| 38 | SB Investment Advisers (US) Inc.CRD 286323 | Menlo Park | $53.5B | 67 | 1 | n.d. | 0% | Jun 2026 |
| 39 | Farallon Capital Management, L.L.C.CRD 107322 | San Francisco | $52.1B | 129 | 67 | 0 | 0% | Mar 2026 |
| 40 | Capital International, Inc.CRD 110682 | Los Angeles | $51.9B | 46 | 118 | n.d. | 0% | May 2026 |
| 41 | Genstar CapitalCRD 156932 | San Francisco | $51.3B | 28 | 30 | n.d. | 0% | Apr 2026 |
| 42 | Lightspeed Venture PartnersCRD 160187 | Menlo Park | $50.0B | 125 | 51 | n.d. | 0% | May 2026 |
| 43 | Crescent Capital Group LPCRD 153966 | Los Angeles | $49.7B | 117 | 184 | n.d. | 0% | May 2026 |
| 44 | Cliffwater LLCCRD 132167 | Marina Del Rey | $48.5B | 105 | 25 | 10 | 0% | May 2026 |
| 45 | Wealthfront Advisers LLCCRD 148456 | Palo Alto | $47.7B | 24 | 687,493 | 518,600 | 99% | Jul 2026 |
| 46 | Platinum Equity Advisors, LLCCRD 161491 | Beverly Hills | $47.7B | 181 | 150 | n.d. | 0% | May 2026 |
| 47 | Francisco PartnersCRD 160272 | San Francisco | $47.1B | 93 | 52 | n.d. | 0% | Mar 2026 |
| 48 | Canterbury Consulting IncorporatedCRD 22875 | Newport Beach | $45.9B | 25 | 4,293 | 100 | 87% | May 2026 |
| 49 | Chandler Asset Management IncCRD 107287 | San Diego | $45.3B | 20 | 509 | 0 | 0% | Mar 2026 |
| 50 | EP Wealth AdvisorsCRD 111147 | Torrance | $45.1B | 320 | 20,738 | 19,618 | 93% | Apr 2026 |
02 · By city
Where in California the firms sit
Main-office city as filed. Up to the twenty-five cities with the most firms.
- San Francisco304 · $8.34T
- Los Angeles209 · $5.79T
- San Diego101 · $165.7B
- Newport Beach74 · $4.00T
- Menlo Park54 · $719.3B
- Irvine49 · $307.1B
- Palo Alto46 · $201.6B
- Santa Monica46 · $336.0B
- Pasadena40 · $368.0B
- El Segundo36 · $80.3B
- Walnut Creek32 · $42.9B
- Beverly Hills30 · $93.7B
- Santa Barbara27 · $26.7B
- San Mateo25 · $565.8B
- San Rafael24 · $193.7B
- Westlake Village23 · $39.3B
- La Jolla21 · $231.4B
- San Jose21 · $12.8B
- Mill Valley20 · $21.6B
- Larkspur18 · $39.0B
- Oakland18 · $37.0B
- Carlsbad17 · $37.1B
- Burlingame16 · $32.2B
- Manhattan Beach15 · $40.2B
- San Ramon15 · $6.6B
03 · Questions
Questions people ask about RIAs in California
- How many RIAs are in California?
- 1,871 RIAs registered with the SEC list a main office in California 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 California?
- By regulatory assets under management as filed on Form ADV, the largest SEC-registered RIA headquartered in California is BlackRock Fund Advisors in San Francisco, at $4.28T. 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 California RIAs manage more than $1 billion?
- 626 of the 1,871 SEC-registered RIAs headquartered in California report regulatory assets under management of $1 billion or more. The median firm in the state reports $472.5M.
- 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.