Top RIAs in Vermont
Every SEC-registered RIA with a main office in Vermont, by regulatory AUM, from Form ADV
33 RIAs registered with the SEC are headquartered in Vermont, the 42nd most of any state, managing $76.8B in regulatory assets as of Sep 1, 2026. The largest by regulatory AUM is NLG Capital LLC in Montpelier at $46.5B. 8 firms report $1 billion or more.
Data as of Sep 1, 2026, file ia09012026-registered.zip. Retrieved Sep 10, 2026.
01 · The firms
Every SEC-registered RIA in Vermont, 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 33 firms, by regulatory AUM as filed.
| # | Firm | City | Regulatory AUM | Advisory staff | Accounts | Individual + HNW clients | Retail share | Filed |
|---|---|---|---|---|---|---|---|---|
| 1 | NLG Capital LLCCRD 109396 | Montpelier | $46.5B | 48 | 10 | 0 | 0% | Mar 2026 |
| 2 | Champlain Investment Partners, LLCCRD 132474 | Burlington | $10.2B | 12 | 88 | 8 | 1% | Mar 2026 |
| 3 | Manchester Capital Management LLCCRD 110003 | Manchester | $2.8B | 14 | 1,457 | 211 | 78% | Jul 2026 |
| 4 | ESI Financial AdvisorsCRD 265 | Montpelier | $2.8B | 460 | 12,379 | 11,897 | 95% | Jul 2026 |
| 5 | Maple Capital Management, Inc.CRD 130209 | Montpelier | $2.6B | 27 | 3,579 | 1,563 | 92% | Aug 2026 |
| 6 | Pathway Financial Advisors, LLCCRD 124801 | South Burlington | $1.6B | 7 | 1,147 | 253 | 88% | Jul 2026 |
| 7 | One Day in July LLCCRD 284335 | Burlington | $1.4B | 13 | 4,011 | 1,351 | 97% | Feb 2026 |
| 8 | Hanson & Doremus Investment ManagementCRD 108045 | Burlington | $1.1B | 10 | 1,557 | 584 | 94% | Jul 2026 |
| 9 | Silverlake Wealth Management LLCCRD 165525 | Williston | $849.1M | 11 | 2,641 | 1,028 | 96% | Jul 2026 |
| 10 | Rock Point Advisors, LLCCRD 130825 | Burlington | $655.7M | 5 | 493 | 232 | 93% | Mar 2026 |
| 11 | Marble Trail AdvisorsCRD 154744 | Middlebury | $582.7M | 6 | 1,446 | 368 | 99% | Feb 2026 |
| 12 | Clean Yield Asset ManagementCRD 104826 | Norwich | $571.2M | 8 | 667 | 246 | 96% | Mar 2026 |
| 13 | M. Kraus & CompanyCRD 106749 | Shelburne | $559.3M | 5 | 483 | 219 | 97% | Aug 2026 |
| 14 | Prentiss Smith & Company, Inc.CRD 110928 | Brattleboro | $453.1M | 5 | 622 | 300 | 91% | Jun 2026 |
| 15 | Broadlake Financial ManagementCRD 105057 | South Burlington | $409.6M | 4 | 1,166 | 451 | 96% | Mar 2026 |
| 16 | Antoine Williams & Associates Wealth Management, LLCCRD 312253 | Shelburne | $318.9M | 1 | 993 | 324 | 100% | Jun 2026 |
| 17 | Otto & Associates, Inc.CRD 109493 | Norwich | $286.6M | 3 | 629 | 152 | 100% | Mar 2026 |
| 18 | Bennington Financial Planning GroupCRD 116302 | Bennington | $281.5M | 3 | 758 | 376 | 93% | Mar 2026 |
| 19 | Farrow Financial IncCRD 110526 | South Burlington | $280.1M | 1 | 573 | 194 | 100% | May 2026 |
| 20 | Teucrium Investment Advisors, LLCCRD 318799 | Burlington | $277.4M | 5 | 13 | n.d. | 0% | May 2026 |
| 21 | Intrack Investment Management, Inc.CRD 106450 | South Burlington | $275.7M | 4 | 590 | 189 | 88% | Mar 2026 |
| 22 | Hutner Capital Management Inc.CRD 107896 | Manchester | $271.2M | 3 | 122 | 109 | 65% | Mar 2026 |
| 23 | Birchview Capital, LPCRD 170534 | Burlington | $239.1M | 5 | 16 | n.d. | 53% | Mar 2026 |
| 24 | Westview Investment AdvisorsCRD 305655 | Burlington | $228.6M | 4 | 476 | 165 | 91% | Feb 2026 |
| 25 | Copper Leaf Financial, LLCCRD 285378 | Williston | $219.6M | 4 | 552 | 137 | 99% | Feb 2026 |
| 26 | Williams Financial, LLCCRD 137038 | North Bennington | $209.9M | 4 | 837 | 261 | 97% | Mar 2026 |
| 27 | DWV Advisors, LLCCRD 154148 | Essex Junction | $156.6M | 1 | 55 | 15 | 100% | Jun 2026 |
| 28 | Poulos Advisors, Inc.CRD 141905 | South Burlington | $150.4M | 2 | 319 | 115 | 99% | Feb 2026 |
| 29 | 44 North Capital, LLCCRD 327552 | Burlington | $125.1M | 2 | 438 | 425 | 97% | Aug 2026 |
| 30 | Quantum Leap Capital, LLCCRD 165310 | South Burlington | $120.5M | 4 | 575 | 333 | 100% | Apr 2026 |
| 31 | Milne Financial Planning, Inc.CRD 116346 | Saint Johnsbury | $111.3M | 1 | 376 | 116 | 98% | Jul 2026 |
| 32 | Equinox Financial Advisors, Inc.CRD 312716 | Manchester Center | $110.9M | 1 | 595 | 312 | 99% | Aug 2026 |
| 33 | Stage 2 Planning Partners LLCCRD 323281 | S Burlington | $106.5M | 2 | 573 | 306 | 98% | Jun 2026 |
02 · By city
Where in Vermont the firms sit
Main-office city as filed. Up to the twenty-five cities with the most firms.
- Burlington8 · $14.1B
- South Burlington6 · $2.9B
- Montpelier3 · $51.9B
- Manchester2 · $3.1B
- Norwich2 · $857.9M
- Shelburne2 · $878.2M
- Williston2 · $1.1B
- Bennington1 · $281.5M
- Brattleboro1 · $453.1M
- Essex Junction1 · $156.6M
- Manchester Center1 · $110.9M
- Middlebury1 · $582.7M
- North Bennington1 · $209.9M
- S Burlington1 · $106.5M
- Saint Johnsbury1 · $111.3M
03 · Questions
Questions people ask about RIAs in Vermont
- How many RIAs are in Vermont?
- 33 RIAs registered with the SEC list a main office in Vermont 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 Vermont?
- By regulatory assets under management as filed on Form ADV, the largest SEC-registered RIA headquartered in Vermont is NLG Capital LLC in Montpelier, at $46.5B. 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 Vermont RIAs manage more than $1 billion?
- 8 of the 33 SEC-registered RIAs headquartered in Vermont report regulatory assets under management of $1 billion or more. The median firm in the state reports $286.6M.
- 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.