The RIA Edge 100: Growing Above and Beyond

Wealth Management IQ and Discovery Data have compiled a list of RIAs that are experiencing outsized growth while keeping sight of their first priority: the client.

WealthManagement.com Staff | Feb 06, 2023

Resources

“Not just growing for growth’s sake,” is a phrase often uttered by advisors who claim that expansion is essential to providing a superior client experience in today’s world. But some registered investment advisory firms are clearly better than others at maintaining that emphasis on client service and quality of care while at the same time rapidly adding assets.

WealthManagement.com’s RIA Edge 100 list is an attempt to identify those firms that are seeing the most success while continuing to provide high-quality, hands-on service to an expanding client base.

The list was developed by the Wealth Management IQ team in partnership with Discovery Data. Analyzing the ADVs of all SEC-registered investment advisors, WMIQ and Discovery looked at AUM growth, ratio of employees to clients, ratio of advisors to clients, percentage of advisors with CFP certification and average client account size. Qualifying firms were limited to those that provide financial planning services, have high-net-worth individuals as more than half of their client base and manage at least $250 million in assets as of June 30, 2022.

The methodology and weighting were intended to give a clear picture of firm growth as it relates to client service. RIA Edge 100 firms are those with the most impressive growth rates combined with the best client ratios and most CFP certifications.

“We’re not just looking for the firms that are growing the fastest or gathering the most assets,” said Mark Bruno, managing director of the Wealth Management Group at Informa, the parent company of WealthManagement.com. “We developed the RIA Edge 100 to recognize the firms that are among the most successful in the business—while also growing in the right ways. These are the firms that are continuing to put clients first, while they invest in their businesses and their people as they navigate through a period of incredible growth.”

The RIA Edge 100 was intentionally not designed as a ranking; rather, it was developed to highlight a group of firms that are strategically growing and reinvesting in their businesses, and ultimately represent the best-of-the-best in the RIA industry.

RIA Firm Name	2021 Discretionary AUM (MM)	Number of Employees	Number of Clients	Clients per Employee	Retail Clients per Employee	Number of CFP Employees
Abacus Planning Group Inc	$1,453	15	282	18.80	18.40	12
Aegis Wealth	$638	8	108	13.50	13.25	5
Altfest Personal Wealth Management	$1,485	37	704	19.03	18.97	14
Arlington Partners LLC	$2,315	39	169	4.33	3.28	3
Armstrong Fleming & Moore Inc	$752	20	403	20.15	19.75	8
Aspiriant LLC	$13,504	203	2091	10.30	9.77	39
Austin Asset	$1,162	22	422	19.18	18.73	14
Balasa Dinverno Foltz LLC	$5,366	47	1541	32.79	32.21	36
Balentine	$3,162	43	242	5.63	5.09	2
Ballentine Partners	$6,390	79	278	3.52	3.47	34
Blankinship & Foster LLC	$722	15	298	19.87	19.40	6
BlueSky Wealth Advisors LLC	$561	17	330	19.41	19.41	6
Bordeaux Wealth Advisors	$2,853	24	191	7.96	7.83	14
Brandywine Oak Private Wealth LLC	$856	9	504	56.00	56.00	6
Brighton Jones LLC	$8,355	205	2408	11.75	11.34	49
Brownson Rehmus & Foxworth Inc	$4,298*	21	226	10.76	10.48	11
BSW Wealth Partners	$1,509	29	390	13.45	12.79	12
Budros Ruhlin & Roe	$2,903	43	817	19.00	18.60	21
Cahaba Wealth Management Inc	$950	13	575	44.23	44.00	6
Campbell Wealth Management Inc	$749	25	596	23.84	23.72	8
Canal Capital Management LLC	$591	10	400	40.00	37.90	3
Cerity Partners LLC (Found under HPH Partners LLC)	$13,632	358	5713	15.96	14.99	75
Choreo LLC (Found under RSM US Wealth Management LLC)	$7,455	137	3641	26.58	26.17	41
Circle Wealth Management LLC	$1,369	14	120	8.57	7.43	2
Clintsman Financial Planning	$420	13	272	20.92	20.92	7
CMH Wealth Management LLC	$560	7	228	32.57	32.57	2
Column Capital Advisors LLC	$1,108	22	389	17.68	14.77	10
Cranbrook Wealth Management LLC	$854	5	249	49.80	49.80	4
Crestwood Advisors	$3,884	42	846	20.14	19.67	12
Delta Financial Group Inc	$855	10	766	76.60	76.50	4
Dowling & Yahnke LLC	$5,622	56	1411	25.20	24.09	18
Empirical Wealth Management	$3,038	50	1532	30.64	30.30	18
Ensemble Capital Management LLC	$1,399	17	295	17.35	12.82	4
Evensky & Katz/Foldes Wealth Management	$2,363	35	1158	33.09	33.09	20
F L Putnam Investment Management Co	$3,663	63	1408	22.35	19.94	15
Financial Advisory Corporation	$731	12	219	18.25	15.58	6
Gibson Capital LLC	$1,870	15	197	13.13	11.67	5
Glassman Wealth Services LLC	$1,662	15	325	21.67	18.87	9
Goodman Financial Corporation	$488	20	232	11.60	11.05	7
Great Point Wealth Advisors LLC	$412	5	299	59.80	59.80	2
Halpern Financial Inc	$687	11	294	26.73	26.00	4
Heritage Wealth Advisors	$2,456	26	367	14.12	13.38	5
HighTower Advisors LLC	$73,602	1100	101502	92.27	87.01	257
Hopwood Financial Services Inc	$452	7	259	37.00	36.29	4
Integris Wealth Management LLC	$420	12	216	18.00	16.75	5
ISTO Advisors LLC	$515	15	300	20.00	20.00	7
JMG Financial Group Ltd	$3,641	56	1317	23.52	23.39	31
Kovitz Investment Group Partners LLC	$6,440	90	2588	28.76	26.38	20
Laird Norton Wealth Management	$2,993	90	480	5.33	5.23	15
Lake Street Advisors	$982	35	67	1.91	1.89	10
Lodestar Private Asset Management LLC	$719	8	445	55.63	55.00	7
Madison Wealth Management	$1,041	29	537	18.52	16.93	6
MAI Capital Management LLC	$8,683	246	5776	23.48	22.91	55
Mason Investment Advisory Services Inc	$9,153	72	787	10.93	9.96	17
Mill Creek Capital Advisors LLC	$7,469	37	414	11.19	8.30	8
Modera Wealth Management LLC	$4,930	87	2293	26.36	25.33	43
Moisand Fitzgerald Tamayo LLC	$818	18	730	40.56	40.28	7
Moneta Group Investment Advisors LLC	$13,836	395	6368	16.12	15.29	122
Monograph Wealth Advisors LLC	$1,492	11	165	15.00	14.45	3
Moss Adams Wealth Advisors LLC	$2,221	62	1194	19.26	18.32	17
New England Private Wealth Advisors LLC	$1,762	18	327	18.17	17.50	7
NorthRock Partners LLC	$3,133	143	1564	10.94	10.85	9
Oakmont Corporation	$2,522	36	80	2.22	1.61	0
Oxford Financial Group Ltd	$6,339	133	695	5.23	4.32	17
Pathstone (Found under Pathstone Federal Street)	$13,511	239	1021	4.27	3.95	34
Plancorp LLC	$4,843	68	1540	22.65	21.10	18
Plante Moran Financial Advisors	$9,938	137	3291	24.02	23.67	75
PrairieView Partners LLC	$740	16	402	25.13	25.13	8
Radnor Financial Advisors LLC	$2,316	23	633	27.52	27.52	9
RMB Capital Management	$7,322	146	2461	16.86	16.43	32
Roble Belko and Company Inc	$761	8	189	23.63	22.00	4
Round Table Wealth Management	$1,374	23	320	13.91	13.57	8
RZH Advisors LLC	$1,475	10	372	37.20	37.20	5
Sand Hill Global Advisors LLC	$3,017	31	433	13.97	13.35	9
Schechter Investment Advisors LLC	$1,325	28	594	21.21	20.79	5
Sensible Financial Planning and Management LLC	$568	16	298	18.63	18.50	6
SignatureFD LLC	$4,163	89	1553	17.45	17.26	29
SilverOak Wealth Management LLC	$1,010	17	358	21.06	20.94	5
Simon Quick Advisors LLC (Found under Massey Quick Simon & Co LLC	$3,089	58	462	7.97	7.22	13
Stepp & Rothwell Inc	$804	22	291	13.23	13.23	4
Tarbox Family Office Inc	$841	11	218	19.82	18.73	4
The Advisory Group of San Francisco LLC	$944	9	159	17.67	14.11	4
The Clarius Group LLC	$1,631	32	183	5.72	5.38	3
The Colony Group LLC	$11,165	320	4522	14.13	13.78	52
The Harbor Group Inc	$1,309	15	634	42.27	42.27	8
The Mather Group LLC	$6,966	128	3048	23.81	23.64	61
Tobias Financial Advisors	$493	16	293	18.31	17.94	7
Tolleson Private Wealth Management	$6,605	96	224	2.33	2.15	21
True North Advisors LLC	$2,317	37	604	16.32	15.54	8
Truepoint Inc	$3,854	75	1601	21.35	20.57	26
Valeo Financial Advisors LLC	$4,869	120	2215	18.46	18.33	71
Vigilant Wealth Management	$1,746	28	461	16.46	16.25	6
Vista Capital Partners Inc	$1,882	31	525	16.94	16.26	11
Waldron Private Wealth	$3,447	35	346	9.89	9.89	24
Waypoint Wealth Partners	$630	13	167	12.85	12.85	6
Wealthspire Advisors (Found under Private Ocean)	$2,427	41	943	23.00	22.76	15
Wealthspire Advisors (parent company)	$12,149	214	6407	29.94	29.53	15
Wealthstream Advisors Inc	$969	24	406	16.92	15.58	11
Weatherly Asset Management	$1,141	14	372	26.57	25.71	6
West Coast Financial LLC	$1,265	33	675	20.45	19.61	11
Woodward Financial Advisors Inc	$471	11	180	16.36	16.36	7

	*non-discretionary AUM

Hide comments

Comments

Plain text