How many RIAs are in Wyoming?

25 RIAs registered with the SEC list a main office in Wyoming 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 Wyoming?

By regulatory assets under management as filed on Form ADV, the largest SEC-registered RIA headquartered in Wyoming is Hrtg GPE, LLC in Wilson, at $27.1B. 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 Wyoming RIAs manage more than $1 billion?

5 of the 25 SEC-registered RIAs headquartered in Wyoming report regulatory assets under management of $1 billion or more. The median firm in the state reports $288.4M.

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.

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Top RIAs in Wyoming

Every SEC-registered RIA with a main office in Wyoming, by regulatory AUM, from Form ADV

25 RIAs registered with the SEC are headquartered in Wyoming, the 45th most of any state, managing $43.6B in regulatory assets as of Sep 1, 2026. The largest by regulatory AUM is Hrtg GPE, LLC in Wilson at $27.1B. 5 firms report $1 billion or more.

SEC-registered RIAs

$43.6B

Regulatory AUM

Firms at $1B and above

$288.4M

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 Wyoming, 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 25 firms, by regulatory AUM as filed.

#	Firm	City	Regulatory AUM	Advisory staff	Accounts	Individual + HNW clients	Retail share	Filed
1	Hrtg GPE, LLCCRD 157389	Wilson	$27.1B	8	22	n.d.	0%	Jun 2026
2	Frontier Asset Management, LLCCRD 109910	Sheridan	$5.5B	16	3,272	3,115	21%	Aug 2026
3	Golden State Wealth Management, LLCCRD 167995	Powell	$2.2B	45	7,029	4,119	97%	Aug 2026
4	Flat Footed LLCCRD 291593	Wilson	$2.1B	2	9	n.d.	0%	Apr 2026
5	Flat Rock GlobalCRD 288551	Jackson	$1.6B	7	3	n.d.	0%	Mar 2026
6	Integrity Financial CorporationCRD 137125	Jackson	$868.1M	0	1,443	1,209	69%	Mar 2026
7	Harfst and Associates, Inc.CRD 145090	Sheridan	$783.2M	2	1,539	499	90%	Mar 2026
8	Greybull Advisors, LLCCRD 317767	Jackson	$513.6M	6	4	n.d.	0%	Aug 2026
9	Cannell Capital LLCCRD 158371	Alta	$372.8M	2	11	6	3%	Mar 2026
10	Income Focus Portfolio ManagementCRD 165477	Jackson	$362.5M	3	601	296	98%	Feb 2026
11	Elevate Wealth ManagementCRD 336710	Sheridan	$320.3M	3	638	269	51%	May 2026
12	Founders Equity PartnersCRD 282022	Jackson	$309.4M	2	6	n.d.	0%	Mar 2026
13	Traction Financial PartnersCRD 315215	Encampment	$288.4M	6	818	326	94%	Jul 2026
14	Pinnacle West Asset Management IncCRD 106527	Casper	$245.9M	3	226	85	88%	Apr 2026
15	Gervais Capital Management, LLCCRD 299347	Wilson	$155.9M	1	181	42	93%	Jun 2026
16	Fiduciary Capital Management LLCCRD 340618	Cheyenne	$149.8M	10	74	74	100%	Aug 2026
17	Markle Financial LLCCRD 302088	Laramie	$141.2M	5	616	257	95%	Jun 2026
18	RW Baker Wealth Management Group LLCCRD 297087	Cheyenne	$134.9M	2	374	196	99%	Feb 2026
19	Copperline Wealth Management & PlanningCRD 335796	Cody	$126.6M	2	735	430	98%	Mar 2026
20	O'donnell Wealth ManagementCRD 323384	Cody	$123.3M	4	354	208	96%	Feb 2026
21	Cypress Capital Management, LLCCRD 130401	Sheridan	$121.7M	2	373	185	90%	Mar 2026
22	Grupp Financial LLCCRD 168436	Jackson	$100.1M	3	37	5	2%	Jan 2026
23	Unest Advisers, LLCCRD 308125	Laramie	$45.6M	1	20,394	20,394	100%	Apr 2026
24	Afinitiv LLCCRD 305672	Sheridan	$270,831	1	7	12	27%	Sep 2025
25	Justice Settlement Consulting Inc.CRD 340024	Casper	$0	1	0	n.d.	n.d.	Aug 2026

02 · By city

Where in Wyoming the firms sit

Main-office city as filed. Up to the twenty-five cities with the most firms.

Jackson6 · $3.7B
Sheridan5 · $6.7B
Wilson3 · $29.3B
Casper2 · $245.9M
Cheyenne2 · $284.7M
Cody2 · $249.8M
Laramie2 · $186.8M
Alta1 · $372.8M
Encampment1 · $288.4M
Powell1 · $2.2B

03 · Questions

Questions people ask about RIAs in Wyoming

How many RIAs are in Wyoming?: 25 RIAs registered with the SEC list a main office in Wyoming 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 Wyoming?: By regulatory assets under management as filed on Form ADV, the largest SEC-registered RIA headquartered in Wyoming is Hrtg GPE, LLC in Wilson, at $27.1B. 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 Wyoming RIAs manage more than $1 billion?: 5 of the 25 SEC-registered RIAs headquartered in Wyoming report regulatory assets under management of $1 billion or more. The median firm in the state reports $288.4M.
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.