Top RIAs in Texas
Every SEC-registered RIA with a main office in Texas, by regulatory AUM, from Form ADV
1,077 RIAs registered with the SEC are headquartered in Texas, the 4th most of any state, managing $4.55T in regulatory assets as of Sep 1, 2026. The largest by regulatory AUM is Dimensional Fund Advisors LP in Austin at $1.02T. 316 firms report $1 billion or more.
1,077
SEC-registered RIAs
$4.55T
Regulatory AUM
316
Firms at $1B and above
$458.4M
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 Texas, 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 1,077 firms by regulatory AUM as filed.
| # | Firm | City | Regulatory AUM | Advisory staff | Accounts | Individual + HNW clients | Retail share | Filed |
|---|---|---|---|---|---|---|---|---|
| 1 | Dimensional Fund Advisors LPCRD 106482 | Austin | $1.02T | 367 | 2,319 | 1,900 | 1% | Mar 2026 |
| 2 | Fisher InvestmentsCRD 107342 | Plano | $386.7B | 1,948 | 422,516 | 199,061 | 86% | Apr 2026 |
| 3 | Victory Capital Management Inc.CRD 106189 | San Antonio | $282.7B | 170 | 4,061 | 3,275 | 0% | Aug 2026 |
| 4 | TPG Global Advisors, LLCCRD 159732 | Fort Worth | $173.6B | 675 | 197 | n.d. | 0% | Mar 2026 |
| 5 | NB Alternatives Advisers LLCCRD 149822 | Dallas | $160.2B | 224 | 379 | 2 | 0% | Mar 2026 |
| 6 | TPG Capital Advisors, LLCCRD 159738 | Fort Worth | $140.6B | 410 | 126 | 0 | 0% | Jul 2026 |
| 7 | Sixth Street Advisers, LLCCRD 159014 | Dallas | $101.6B | 338 | 177 | n.d. | 0% | May 2026 |
| 8 | Kestra Advisory Services, LLCCRD 283330 | Austin | $79.8B | 1,359 | 192,439 | 115,285 | 89% | Aug 2026 |
| 9 | ALM First Financial Advisors LLCCRD 108561 | Dallas | $76.2B | 10 | 189 | 1 | 0% | Mar 2026 |
| 10 | American Beacon Advisors, Inc.CRD 105552 | Irving | $59.9B | 12 | 65 | n.d. | 0% | Mar 2026 |
| 11 | Barrow Hanley Global InvestorsCRD 105519 | Dallas | $59.0B | 43 | 272 | 4 | 0% | Mar 2026 |
| 12 | Catalyst Strategic SolutionsCRD 44970 | Plano | $52.4B | 6 | 80 | 0 | 0% | Mar 2026 |
| 13 | Sali Fund ServicesCRD 124235 | Austin | $46.0B | 5 | 335 | n.d. | 0% | Aug 2026 |
| 14 | Jasper Ridge Partners, L.P.CRD 144401 | Fort Worth | $43.0B | 36 | 67 | 11 | 2% | Aug 2026 |
| 15 | Hilltop Securities Asset Management, LLCCRD 110760 | Dallas | $37.7B | 13 | 60 | n.d. | 0% | Mar 2026 |
| 16 | Hudson AdvisorsCRD 156078 | Dallas | $36.4B | 112 | 86 | 0 | 0% | Aug 2026 |
| 17 | Guidestone Capital ManagementCRD 112319 | Dallas | $36.2B | 17 | 27 | n.d. | 0% | Jul 2026 |
| 18 | Lone Star FundsCRD 160000 | Dallas | $35.7B | 17 | 31 | n.d. | 0% | Aug 2026 |
| 19 | HBK Capital ManagementCRD 115079 | Dallas | $35.6B | 61 | 9 | n.d. | 0% | Jun 2026 |
| 20 | Fayez Sarofim & Co.CRD 106584 | Houston | $35.1B | 22 | 2,997 | 2,739 | 45% | May 2026 |
| 21 | Kayne Anderson Capital Advisors, L.P.CRD 104536 | Houston | $34.1B | 142 | 113 | 1 | 0% | Aug 2026 |
| 22 | The Variable Annuity Life Insurance CompanyCRD 104561 | Houston | $32.9B | 5 | 36 | n.d. | 0% | Jul 2026 |
| 23 | Luther King Capital Management CorporationCRD 110093 | Fort Worth | $31.5B | 73 | 3,526 | 2,520 | 36% | Jun 2026 |
| 24 | Affinius Capital LLCCRD 316030 | San Antonio | $30.4B | 273 | 121 | n.d. | 0% | Aug 2026 |
| 25 | Valic Financial Advisors, Inc.CRD 42803 | Houston | $29.2B | 1,280 | 293,026 | 292,989 | 100% | May 2026 |
| 26 | Quantum Capital GroupCRD 174733 | Houston | $28.8B | 65 | 71 | n.d. | 0% | Jun 2026 |
| 27 | Sage Advisory Services Ltd CoCRD 106236 | Austin | $28.4B | 37 | 14,363 | 12,441 | 27% | Mar 2026 |
| 28 | The Palisades Group, LLCCRD 165609 | Austin | $27.8B | 9 | 15 | 0 | 0% | May 2026 |
| 29 | Garcia Hamilton & Associates LPCRD 108017 | Houston | $24.9B | 12 | 382 | 0 | 0% | Mar 2026 |
| 30 | United Capital Financial AdvisorsCRD 134600 | Irving | $24.6B | 162 | 45,106 | 24,837 | 84% | Jun 2026 |
| 31 | First Command Advisory ServicesCRD 281958 | Fort Worth | $24.4B | 1,155 | 113,591 | 113,511 | 100% | Jul 2026 |
| 32 | Precision Fiduciary Partners, LLCCRD 149694 | Austin | $24.1B | 8 | 4,224 | n.d. | 0% | Jul 2026 |
| 33 | Crestline Management, L.P.CRD 122711 | Fort Worth | $22.5B | 113 | 135 | n.d. | 0% | Aug 2026 |
| 34 | Trinitas Capital ManagementCRD 281328 | Dallas | $19.6B | 20 | 45 | n.d. | 0% | Mar 2026 |
| 35 | RCP Advisors 2, LLCCRD 289963 | Dallas | $18.2B | 13 | 111 | n.d. | 0% | Jul 2026 |
| 36 | TPG Real Estate Advisors, LLCCRD 170731 | Fort Worth | $17.0B | 48 | 35 | n.d. | 0% | Jun 2026 |
| 37 | Maverick Capital LtdCRD 108262 | Dallas | $15.8B | 33 | 19 | n.d. | 0% | Aug 2026 |
| 38 | Crow Holdings CapitalCRD 156925 | Dallas | $14.4B | 92 | 19 | 0 | 0% | May 2026 |
| 39 | Kestra Private Wealth Services, LLCCRD 155193 | Austin | $13.5B | 211 | 33,333 | 19,977 | 97% | Jul 2026 |
| 40 | Eight Partners VC, LLCCRD 283031 | Austin | $13.4B | 27 | 65 | n.d. | 0% | Apr 2026 |
| 41 | Sarofim Trust CoCRD 106590 | Houston | $13.0B | 22 | 96 | 86 | 72% | May 2026 |
| 42 | Westwood Management CorpCRD 110269 | Dallas | $12.5B | 68 | 249 | 165 | 2% | Mar 2026 |
| 43 | Prospera Financial Services, Inc.CRD 10740 | Dallas | $12.4B | 207 | 29,500 | 18,706 | 86% | Sep 2025 |
| 44 | Oasis Capital Partners (Texas) Inc.CRD 171703 | Austin | $12.4B | 26 | 16 | 0 | 0% | Aug 2026 |
| 45 | Vaughan Nelson Investment Management, L.P.CRD 106975 | Houston | $12.2B | 26 | 379 | 170 | 4% | Mar 2026 |
| 46 | The Energy & Minerals Group LPCRD 339275 | Houston | $12.0B | 12 | 57 | n.d. | 0% | Aug 2026 |
| 47 | Canyon Capital Advisors LLCCRD 107922 | Dallas | $11.9B | 80 | 28 | n.d. | 0% | Mar 2026 |
| 48 | Canyon CLO Advisors LPCRD 226636 | Dallas | $11.9B | 55 | 27 | n.d. | 0% | Mar 2026 |
| 49 | HUB Investment Partners, LLCCRD 307956 | Austin | $11.9B | 103 | 15,595 | 5,446 | 61% | Jun 2026 |
| 50 | Yacktman Asset Management LPCRD 164420 | Austin | $11.7B | 9 | 636 | 626 | 11% | Mar 2026 |
02 · By city
Where in Texas the firms sit
Main-office city as filed. Up to the twenty-five cities with the most firms.
- Dallas299 · $1.03T
- Houston240 · $523.6B
- Austin176 · $1.46T
- Fort Worth47 · $501.2B
- San Antonio46 · $358.9B
- Plano37 · $458.9B
- The Woodlands24 · $17.6B
- Southlake19 · $9.5B
- Frisco9 · $13.2B
- Lubbock8 · $2.1B
- Richardson8 · $4.4B
- Addison6 · $2.2B
- Sugar Land6 · $2.7B
- Abilene4 · $5.7B
- Allen4 · $2.0B
- Bellaire4 · $900.3M
- Cedar Park4 · $1.2B
- College Station4 · $2.3B
- Coppell4 · $3.1B
- Denton4 · $1.3B
- El Paso4 · $1.6B
- Irving4 · $85.2B
- Katy4 · $597.4M
- Kingwood4 · $933.0M
- New Braunfels4 · $570.0M
03 · Questions
Questions people ask about RIAs in Texas
- How many RIAs are in Texas?
- 1,077 RIAs registered with the SEC list a main office in Texas 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 Texas?
- By regulatory assets under management as filed on Form ADV, the largest SEC-registered RIA headquartered in Texas is Dimensional Fund Advisors LP in Austin, at $1.02T. 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 Texas RIAs manage more than $1 billion?
- 316 of the 1,077 SEC-registered RIAs headquartered in Texas report regulatory assets under management of $1 billion or more. The median firm in the state reports $458.4M.
- 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.