Top RIAs in Iowa
Every SEC-registered RIA with a main office in Iowa, by regulatory AUM, from Form ADV
90 RIAs registered with the SEC are headquartered in Iowa, the 29th most of any state, managing $988.3B in regulatory assets as of Sep 1, 2026. The largest by regulatory AUM is Principal Asset Management in Des Moines at $427.7B. 21 firms report $1 billion or more.
90
SEC-registered RIAs
$988.3B
Regulatory AUM
21
Firms at $1B and above
$388.1M
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 Iowa, 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 90 firms, by regulatory AUM as filed.
| # | Firm | City | Regulatory AUM | Advisory staff | Accounts | Individual + HNW clients | Retail share | Filed |
|---|---|---|---|---|---|---|---|---|
| 1 | Principal Asset ManagementCRD 109002 | Des Moines | $427.7B | 337 | 8,169 | 6,329 | 1% | May 2026 |
| 2 | Cambridge Investment Research Advisors, Inc.CRD 134139 | Fairfield | $138.7B | 3,496 | 608,275 | 355,872 | 97% | Aug 2026 |
| 3 | Sammons Financial Group Asset Management, LLCCRD 321109 | West Des Moines | $122.0B | 5 | 9 | 0 | 0% | Mar 2026 |
| 4 | Principal Real EstateCRD 109008 | Des Moines | $105.6B | 310 | 681 | 464 | 0% | Aug 2026 |
| 5 | Aegon Asset Management USCRD 114537 | Cedar Rapids | $88.8B | 76 | 199 | n.d. | 0% | Mar 2026 |
| 6 | Transamerica Retirement Advisors, LLCCRD 107319 | Cedar Rapids | $18.8B | 173 | 212,722 | 212,700 | 93% | Mar 2026 |
| 7 | Principal Securities, Inc.CRD 1137 | Des Moines | $17.0B | 1,464 | 68,981 | 51,650 | 98% | Mar 2026 |
| 8 | Avantax Planning Partners, Inc.CRD 106237 | Dubuque | $7.6B | 200 | 13,797 | 7,515 | 69% | Jun 2026 |
| 9 | Integrity Alliance, LLCCRD 139627 | Urbandale | $5.4B | 322 | 20,448 | 10,660 | 89% | May 2026 |
| 10 | Foster Group, Inc.CRD 107148 | West Des Moines | $4.8B | 45 | 7,346 | 1,956 | 84% | Mar 2026 |
| 11 | Nations Financial Group, Inc.CRD 44181 | Cedar Rapids | $4.8B | 81 | 10,535 | 5,525 | 96% | Mar 2026 |
| 12 | BTC Capital ManagementCRD 127158 | Des Moines | $4.6B | 9 | 2,199 | n.d. | 0% | Mar 2026 |
| 13 | BFC Planning, Inc.CRD 119682 | Cedar Rapids | $3.8B | 200 | 13,174 | 11,327 | 96% | Mar 2026 |
| 14 | Ausdal Financial Partners, Inc.CRD 7995 | Davenport | $3.7B | 168 | 16,572 | 16,436 | 97% | Apr 2026 |
| 15 | Steele Capital Management, Inc.CRD 107097 | Dubuque | $3.5B | 13 | 4,418 | 1,521 | 75% | Aug 2026 |
| 16 | Investment Consulting Group IncCRD 106967 | Davenport | $2.8B | 3 | 504 | 124 | 12% | Aug 2026 |
| 17 | Gilbert & Cook, Inc.CRD 283112 | West Des Moines | $1.7B | 17 | 3,792 | 879 | 94% | Jun 2026 |
| 18 | Principal Advised ServicesCRD 297324 | Des Moines | $1.4B | 230 | 23,164 | 23,164 | 100% | Jul 2026 |
| 19 | Accel Wealth ManagementCRD 286201 | Waverly | $1.1B | 10 | 2,819 | 1,290 | 57% | Aug 2026 |
| 20 | Northwest Wealth Management, LLCCRD 152816 | Spencer | $1.0B | 14 | 4,274 | 2,085 | 93% | Jul 2026 |
| 21 | Legacy Financial GroupCRD 154927 | Des Moines | $1.0B | 11 | 4,146 | 1,450 | 99% | May 2026 |
| 22 | Syverson StregeCRD 109228 | West Des Moines | $910.8M | 13 | 1,979 | 523 | 96% | Jul 2026 |
| 23 | Berthel Fisher & Company Financial Services, Inc.CRD 13609 | Cedar Rapids | $906.4M | 100 | 3,352 | 3,323 | 97% | Mar 2026 |
| 24 | Dmkc Advisory Services, LLCCRD 145112 | Des Moines | $902.5M | 8 | 946 | 473 | 58% | Mar 2026 |
| 25 | Basepoint Wealth, LLCCRD 289538 | Cedar Rapids | $883.8M | 13 | 3,715 | 1,242 | 93% | Aug 2026 |
| 26 | RDA Financial NetworkCRD 147309 | Akron | $675.2M | 17 | 1,522 | 1,514 | 99% | Jul 2026 |
| 27 | West Financial Advisors, L.L.C.CRD 142265 | Des Moines | $674.2M | 6 | 1,677 | 305 | 96% | Feb 2026 |
| 28 | Merkle Retirement PlanningCRD 297942 | Grimes | $568.8M | 10 | 2,896 | 1,015 | 100% | Mar 2026 |
| 29 | RIA Advisory Group, LLCCRD 152566 | Des Moines | $568.4M | 25 | 3,228 | 1,968 | 98% | Jun 2026 |
| 30 | Retireright Consulting GroupCRD 300925 | West Des Moines | $561.1M | 5 | 733 | 455 | 38% | Mar 2026 |
| 31 | Dynamic Financial GroupCRD 288763 | Cedar Falls | $539.6M | 3 | 2,490 | 862 | 100% | Feb 2026 |
| 32 | Wealth Advisors of Iowa, LLCCRD 115088 | West Des Moines | $539.4M | 4 | 1,330 | 532 | 97% | Mar 2026 |
| 33 | Matheson & Rock Wealth Management, LLCCRD 289603 | Davenport | $530.0M | 3 | 1,070 | 425 | 91% | Jan 2026 |
| 34 | Independent Wealth Network, Inc.CRD 286262 | Urbandale | $518.4M | 30 | 2,881 | 1,445 | 95% | Mar 2026 |
| 35 | Wealthspan Partners, LLCCRD 297712 | Davenport | $451.1M | 5 | 1,610 | 526 | 100% | Mar 2026 |
| 36 | Nikulski Financial, Inc.CRD 151569 | Bettendorf | $449.0M | 6 | 475 | 468 | 98% | Mar 2026 |
| 37 | FSB Premier Wealth Management, Inc.CRD 15898 | Waterloo | $431.7M | 10 | 2,130 | 894 | 96% | Mar 2026 |
| 38 | Legacy Bridge Private Family OfficesCRD 282261 | West Des Moines | $425.8M | 3 | 117 | 66 | 99% | Mar 2026 |
| 39 | Quad-Cities Investment Group, LLCCRD 154113 | Davenport | $425.5M | 6 | 1,546 | 593 | 84% | Apr 2026 |
| 40 | Valiant Wealth, LLCCRD 146911 | West Des Moines | $423.1M | 3 | 623 | 173 | 65% | Mar 2026 |
| 41 | Mokosak Advisory Group, LLCCRD 287538 | Urbandale | $413.9M | 4 | 1,364 | 490 | 100% | Feb 2026 |
| 42 | Friday FinancialCRD 329748 | Dubuque | $409.3M | 6 | 829 | 279 | 96% | Aug 2026 |
| 43 | Compass Financial ServicesCRD 109441 | West Des Moines | $407.4M | 6 | 1,909 | 1,105 | 99% | Apr 2026 |
| 44 | Midwest Heritage Financial AdvisorsCRD 306308 | West Des Moines | $398.7M | 4 | 647 | 334 | 100% | Jan 2026 |
| 45 | Aegon Real Assets USCRD 286438 | Cedar Rapids | $394.5M | 41 | 21 | n.d. | 0% | Mar 2026 |
| 46 | Pecaut Wealth ManagementCRD 2997 | Sioux City | $381.8M | 4 | 554 | 219 | 96% | Nov 2025 |
| 47 | Boyle CapitalCRD 132416 | West Des Moines | $342.0M | 4 | 1,462 | 418 | 96% | Jul 2026 |
| 48 | Ballast Capital Advisors, LLCCRD 282369 | West Des Moines | $328.7M | 3 | 147 | 42 | 100% | Mar 2026 |
| 49 | Weitzel Financial Services, Inc.CRD 27346 | Dubuque | $327.8M | 4 | 1,134 | 1,134 | 100% | Aug 2026 |
| 50 | Peterson Financial Group, Inc.CRD 169519 | Des Moines | $299.2M | 3 | 1,359 | 516 | 98% | Feb 2026 |
02 · By city
Where in Iowa the firms sit
Main-office city as filed. Up to the twenty-five cities with the most firms.
- West Des Moines18 · $133.7B
- Des Moines12 · $560.2B
- Cedar Rapids11 · $119.2B
- Davenport6 · $8.1B
- Dubuque6 · $12.0B
- Urbandale5 · $6.8B
- Clive3 · $638.6M
- Waterloo3 · $716.8M
- Bettendorf2 · $722.0M
- Cedar Falls2 · $712.1M
- Forest City2 · $285.4M
- Akron1 · $675.2M
- Ames1 · $257.4M
- Ankeny1 · $228.8M
- Clarion1 · $229.7M
- Coralville1 · $278.5M
- Eldridge1 · $147.5M
- Fairfield1 · $138.7B
- Fort Dodge1 · $110.2M
- Grimes1 · $568.8M
- Guthrie Center1 · $216.5M
- Hiawatha1 · $168.2M
- Iowa City1 · $172.8M
- Johnston1 · $284.7M
- North Liberty1 · $142.7M
03 · Questions
Questions people ask about RIAs in Iowa
- How many RIAs are in Iowa?
- 90 RIAs registered with the SEC list a main office in Iowa 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 Iowa?
- By regulatory assets under management as filed on Form ADV, the largest SEC-registered RIA headquartered in Iowa is Principal Asset Management in Des Moines, at $427.7B. 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 Iowa RIAs manage more than $1 billion?
- 21 of the 90 SEC-registered RIAs headquartered in Iowa report regulatory assets under management of $1 billion or more. The median firm in the state reports $388.1M.
- 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.