WealthManagement.com’s Top RIAs of 2016 ranking was assembled using data from Discovery Data. RIA firms are ranked by the total assets under management reported on Form ADV. To make this list, firms had to be U.S.-based and serve individual investors as their primary business.
Here are the top 10.
1. CapTrust
Total AUM: $173.6 billion
Office Location: Raleigh, North Carolina
Number of Advisors: 144
High Net Worth Clients: 26–50%
2. Financial Engines Advisors, LLC
Lawrence M. Raffone, President & CEO
Total AUM: $113.4 billion
Office Location: Sunnyvale, California
Number of Advisors: 129
High Net Worth Clients: 0–10%
3. Brown Advisory
Total AUM: $41.9 billion
Office Location: Baltimore, Maryland
Number of Advisors: 45
High Net Worth Clients: 26–50%
4. Hall Capital Partners
Kathyrn A. Hall, CEO & Co-Chief Investment Officer
Total AUM: $31.9 billion
Office Location: San Francisco, California
Number of Advisors: 20
High Net Worth Clients: 51–75%
5. Virtus Investment Advisers, Inc.
Total AUM: $29.8 billion
Office Location: Hartford, Connecticut
Number of Advisors: 67
High Net Worth Clients: 26–50%
6. Hirtle, Callaghan & Co., LLC
Jon Hirtle, Executive Chairman; Ranji Nagaswami, CEO
Total AUM: $24.5 billion
Office Location: Conshohocken, Pennsylvania
Number of Advisors: 46
High Net Worth Clients: 11–25%
7. Chevy Chase Trust Company
Total AUM: $23.2 billion
Office Location: Bethesda, Maryland
Number of Advisors: 43
High Net Worth Clients: 76–99%
8. United Capital Financial Advisers
Joe Duran, CEO
Total AUM: $15.4 billion
Office Location: Newport Beach, California
Number of Advisors: 298
High Net Worth Clients: 26–50%
9. Edelman Financial Services, LLC
Ric Edelman, Founder
Total AUM: $14.5 billion
Office Location: Fairfax, Virginia
Number of Advisors: 293
High Net Worth Clients: 11–25%
10. Moneta Group
Total AUM: $13.7 billion
Office Location: St. Louis, Missouri
Number of Advisors: 97
High Net Worth Clients: 51–75%
