Top RIAs in District of Columbia
Every SEC-registered RIA with a main office in District of Columbia, by regulatory AUM, from Form ADV
59 RIAs registered with the SEC are headquartered in District of Columbia, the 36th most of any state, managing $549.4B in regulatory assets as of Oct 2, 2026. The largest by regulatory AUM is The Carlyle Group in Washington at $283.8B. 31 firms report $1 billion or more.
Data as of Oct 2, 2026, file ia100226.zip. Retrieved Oct 14, 2026.
01 · The firms
Every SEC-registered RIA in District of Columbia, 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 59 firms in the state, by regulatory AUM as filed. Fifty at a time; the rest expand below.
| # | Firm | City | Regulatory AUM | Advisory staff | Accounts | Individual + HNW clients | Retail share | Filed |
|---|---|---|---|---|---|---|---|---|
| 1 | The Carlyle GroupCRD 111128 | Washington | $283.8B | 317 | 612 | n.d. | 0% | Jul 2026 |
| 2 | Missionsquare InvestmentsCRD 109138 | Washington | $52.9B | 47 | 45 | 0 | 0% | Jul 2026 |
| 3 | Calvert Research and ManagementCRD 285127 | Washington | $40.3B | 57 | 1,915 | 0 | 0% | Jul 2026 |
| 4 | EIG Management Company, LLCCRD 154302 | Washington | $22.2B | 55 | 68 | n.d. | 0% | Mar 2026 |
| 5 | Fiduciary Counselors Inc.CRD 111827 | Washington | $20.3B | 6 | 13 | n.d. | 0% | Mar 2026 |
| 6 | Rock Creek Group LLCCRD 125409 | Washington | $18.4B | 26 | 65 | 0 | 0% | May 2026 |
| 7 | F/M Investments LLCCRD 304405 | Washington | $17.7B | 46 | 5,780 | 999 | 6% | Aug 2026 |
| 8 | Meridiam Infrastructure North America CorporationCRD 161478 | Washington | $10.2B | 25 | 35 | 0 | 0% | Mar 2026 |
| 9 | Accolade PartnersCRD 160802 | Washington | $9.3B | 11 | 66 | n.d. | 0% | Jul 2026 |
| 10 | Marshfield AssociatesCRD 150614 | Washington | $8.1B | 13 | 5,000 | 3,946 | 58% | Jul 2026 |
| 11 | Grain Management, LLCCRD 285045 | Washington | $8.1B | 36 | 25 | 0 | 0% | Mar 2026 |
| 12 | Invictus Capital PartnersCRD 157315 | Washington | $7.2B | 28 | 29 | 0 | 0% | Aug 2026 |
| 13 | Missionsquare RetirementCRD 108783 | Washington | $6.3B | 174 | 53,695 | 40,526 | 91% | Jul 2026 |
| 14 | Acon Equity Management L.L.C.CRD 159517 | Washington | $4.2B | 13 | 23 | n.d. | 0% | Sep 2026 |
| 15 | Liberty Strategic CapitalCRD 314378 | Washington | $3.5B | 11 | 3 | n.d. | 0% | Mar 2026 |
| 16 | Fundrise Advisors, LLCCRD 172036 | Washington | $3.5B | 0 | 15 | 402,927 | 0% | Sep 2026 |
| 17 | PRP Real Assets Advisors, LLCCRD 338178 | Washington | $3.0B | 10 | 23 | n.d. | 0% | Mar 2026 |
| 18 | Cloud Capital Advisors LLCCRD 314113 | Washington | $2.8B | 8 | 9 | n.d. | 0% | Mar 2026 |
| 19 | Black Chamber Partners, LLCCRD 306359 | Washington | $2.7B | 13 | 9 | 0 | 0% | Mar 2026 |
| 20 | Martis Capital Management, LLCCRD 296437 | Washington | $2.5B | 15 | 19 | n.d. | 0% | Jul 2026 |
| 21 | Capitol Meridian Partners LPCRD 319080 | Washington | $1.7B | 11 | 17 | n.d. | 0% | Apr 2026 |
| 22 | Iron Point Partners, LLCCRD 157078 | Washington | $1.4B | 10 | 11 | n.d. | 0% | Mar 2026 |
| 23 | Paladin Capital Management, LLCCRD 122679 | Washington | $1.3B | 17 | 26 | n.d. | 0% | Jun 2026 |
| 24 | Armstrong, Fleming & Moore, Inc.CRD 107347 | Washington | $1.3B | 17 | 1,841 | 539 | 99% | Jun 2026 |
| 25 | Acon Latam Management, L.L.C.CRD 161535 | Washington | $1.2B | 14 | 20 | n.d. | 0% | Sep 2026 |
| 26 | Folger Nolan Fleming Douglas Capital Management, Inc.CRD 140444 | Washington | $1.2B | 7 | 488 | 478 | 99% | Apr 2026 |
| 27 | Oridian Capital Management, L.P.CRD 155834 | Washington | $1.2B | 16 | 5 | n.d. | 0% | Mar 2026 |
| 28 | Juggernaut Management, LLCCRD 160623 | Washington | $1.2B | 15 | 19 | 0 | 0% | Mar 2026 |
| 29 | Lynx Investment Advisory, LLCCRD 111814 | Washington | $1.1B | 10 | 236 | 214 | 81% | Apr 2026 |
| 30 | Godspeed Capital Management LPCRD 313936 | Washington | $1.1B | 9 | 10 | n.d. | 0% | Mar 2026 |
| 31 | Quona Capital Management LLCCRD 277131 | Washington | $1.0B | 14 | 10 | n.d. | 0% | Mar 2026 |
| 32 | Emerging Capital PartnersCRD 337282 | Washington | $836.6M | 4 | 12 | 0 | 0% | Mar 2026 |
| 33 | Folger Nolan Fleming Douglas IncorporatedCRD 319 | Washington | $797.4M | 22 | 262 | 257 | 99% | Mar 2026 |
| 34 | The Brydon GroupCRD 324247 | Washington, D.C. | $721.5M | 19 | 3 | n.d. | 0% | Apr 2026 |
| 35 | Big League AdvantageCRD 291999 | Washington | $548.3M | 1 | 6 | n.d. | 0% | Apr 2026 |
| 36 | Euphrates AdvisorsCRD 167257 | Washington | $539.0M | 3 | 3 | n.d. | 0% | Mar 2026 |
| 37 | Multiplier Capital, LLCCRD 281209 | Washington | $503.0M | 14 | 4 | n.d. | 0% | Jun 2026 |
| 38 | Blue Like AN Orange Sustainable CapitalCRD 291948 | Washington | $426.5M | 5 | 2 | 0 | 0% | Mar 2026 |
| 39 | Capital Investment AdvisorsCRD 118269 | Washington D.C. | $373.6M | 5 | 1,640 | 428 | 95% | Sep 2026 |
| 40 | Astra Capital Management LLCCRD 284265 | Washington | $341.5M | 10 | 6 | n.d. | 0% | Mar 2026 |
| 41 | New CatalystCRD 332967 | Washington | $336.9M | 7 | 2 | n.d. | 0% | Jun 2026 |
| 42 | Bryspen, IncorporatedCRD 109004 | Washington | $329.3M | 2 | 277 | 58 | 94% | Mar 2026 |
| 43 | Burkholder & Associates, LLCCRD 313338 | Washington | $287.4M | 2 | 404 | 93 | 97% | Jun 2026 |
| 44 | Awani Capital Management LPCRD 335179 | Washington | $268.7M | 5 | 1 | 0 | 0% | Aug 2026 |
| 45 | Accion Impact Management LLCCRD 319191 | Washington | $262.2M | 12 | 5 | 0 | 0% | Mar 2026 |
| 46 | Cwci LLCCRD 144535 | Washington | $255.5M | 2 | 5 | n.d. | 0% | Mar 2026 |
| 47 | Graham Capital Wealth Management, LLCCRD 281772 | Washington | $251.2M | 7 | 1,251 | 705 | 99% | Feb 2026 |
| 48 | Washington Growth Strategies LLCCRD 171774 | Washington | $247.2M | 1 | 119 | 35 | 87% | Feb 2026 |
| 49 | Apis & Heritage Capital Partners, LLCCRD 315195 | Washington | $231.1M | 7 | 4 | n.d. | 0% | May 2026 |
| 50 | Terra Alpha Investments LLCCRD 288690 | Washington | $193.0M | 6 | 5 | n.d. | 0% | Mar 2026 |
02 · By city
Where in District of Columbia the firms sit
Main-office city as filed. Up to the twenty-five cities with the most firms.
Counting the firms in a state is the easy part. Which of them fits a given practice depends on custody, the platform's all-in cost and what an advisor wants to own, which is the subject of how to choose an independent RIA platform and what an independent RIA platform actually costs. Advisors who looked at this channel and chose a broker-dealer instead are covered in the destination profiles.
- Washington57 · $548.3B
- Washington D.C.1 · $373.6M
- Washington, D.C.1 · $721.5M
03 · Questions
Questions people ask about RIAs in District of Columbia
- How many RIAs are in District of Columbia?
- 59 RIAs registered with the SEC list a main office in District of Columbia in the SEC's Form ADV data as of Oct 2, 2026. That count excludes state-registered RIAs, which generally manage under $100 million and register with their state, and firms whose address is suppressed on Form ADV.
- What is the largest RIA in District of Columbia?
- By regulatory assets under management as filed on Form ADV, the largest SEC-registered RIA headquartered in District of Columbia is The Carlyle Group in Washington, at $283.8B. Regulatory AUM counts all assets a firm manages, so the largest filer in a state is often an institutional asset manager.
- How many District of Columbia RIAs manage more than $1 billion?
- 31 of the 59 SEC-registered RIAs headquartered in District of Columbia report regulatory assets under management of $1 billion or more. The median firm in the state reports $1.1B.
- Where does this data come from?
- From the SEC's monthly Form ADV data file for SEC-registered investment advisers (ia100226.zip, data as of Oct 2, 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: 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. Neither the SEC nor the state securities authorities have approved the information filed on Form ADV, and we can not guarantee its accuracy.
The firm pays Winthrop & Co., and the advisor never pays. Firms on this page are ordered by the figures in their own SEC filings.