Top fee-only RIAs in 2022
As M&A boosts the size of registered investment advisers, here's a list of the biggest fee-only firms, based on the data they report on their form ADV to the SEC.
Top Fee-Only RIAs 2022
| Rank | Firm | Phone/Website | Total Assets ($M) |
Total Accounts |
Discretionary Assets ($M) |
Discretionary Accounts |
Nondiscretionary Assets ($M) |
Nondiscretionary Accounts |
Employees |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Cambridge Associates | 617-457-7500 | $294,346 | 571 | $53,128 | 139 | $241,218 | 432 | 1,044 |
| 125 High St. | www.cambridgeassociates.com | ||||||||
| Boston, MA 02110-2112 | |||||||||
| 2 | Fisher Asset Management | 800-851-8845 | $208,905 | 217,207 | $208,905 | 217,207 | $- | 0 | 2,908 |
| 5525 NW Fisher Creek Drive | www.fisherinvestments.com | ||||||||
| Camas, WA 98607-9911 | |||||||||
| 3 | Hall Capital Partners | 415-288-0544 | $55,707 | 185 | $24,151 | 85 | $31,556 | 100 | 189 |
| One Maritime Plaza, 6th Floor | www.hallcapital.com | ||||||||
| San Francisco, CA 94111 | |||||||||
| 4 | Jasper Ridge Partners | 817-333-0027 | $35,106 | 49 | $34,076 | 42 | $1,030 | 7 | 97 |
| 201 Main St., Suite 1000 | www.jasperridge.com | ||||||||
| Fort Worth, TX 76102 | |||||||||
| 5 | Moneta Group Investment Advisors | 314-726-2300 | $32,889 | 33,261 | $18,238 | 11,666 | $14,651 | 21,595 | 395 |
| 100 South Brentwood Blvd. | twitter.com/monetagroup | ||||||||
| St. Louis, MO 63105 | |||||||||
| 6 | Silvercrest Asset Management Group | 212-649-0600 | $32,320 | 1,285 | $25,073 | 1,262 | $7,246 | 23 | 152 |
| 1330 Avenue of the Americas, 38th Floor | www.silvercrestgroup.com | ||||||||
| New York, NY 10019-5400 | |||||||||
| 7 | Tiedemann Advisors | 212-396-5900 | $26,578 | 588 | $22,140 | 424 | $4,438 | 164 | 123 |
| 520 Madison Ave., 26th Floor | www.linkedin.com/company/ | ||||||||
| New York, NY 10022 | tiedemann-advisors/ | ||||||||
| 8 | BBR Partners | 212-313-9870 | $25,968 | 4,000 | $23,602 | 3,900 | $2,366 | 100 | 160 |
| 55 East 52nd St., 18th Floor | www.linkedin.com/company/ | ||||||||
| New York, NY 10055 | bbr-partners/ | ||||||||
| 9 | Cresset Asset Management | 312-429-2400 | $22,968 | 13,727 | $19,199 | 12,692 | $3,769 | 1,035 | 298 |
| 444 W. Lake St., Suite 4700 | vimeo.com/user82142722 | ||||||||
| Chicago, IL 60606 | |||||||||
| 10 | Comprehensive Financial Management | 408-358-3316 | $22,755 | 28 | $22,755 | 28 | $- | 0 | 33 |
| 720 University Ave., Suite 200 | |||||||||
| Los Gatos, CA 95032-7606 | |||||||||
| 11 | Pathstone Family Office | 201-944-7284 | $22,605 | 12,921 | $15,991 | 10,605 | $6,614 | 2,316 | 211 |
| 10 Sterling Blvd., Suite 402 | www.youtube.com/channel/ | ||||||||
| Englewood, NJ 07631 | |||||||||
| 12 | Johnson Investment Counsel Inc. | 513-661-3100 | $18,764 | 13,835 | $18,528 | 13,814 | $236 | 21 | 125 |
| 3777 West Fork Road | www.johnsonmutualfunds.com | ||||||||
| Cincinnati, OH 45247 | |||||||||
| 13 | IEQ Capital | 650-581-9807 | $17,791 | 937 | $17,345 | 914 | $447 | 23 | 81 |
| 950 Tower Lane, Suite 1800 | www.ieqcapital.com | ||||||||
| Foster City, CA 94404 | |||||||||
| 14 | Jordan Park Group | 415-417-3000 | $17,601 | 4,108 | $17,601 | 4,108 | $- | 0 | 117 |
| 100 Pine St., Suite 2600 | www.jordanpark.com | ||||||||
| San Francisco, CA 94111 | |||||||||
| 15 | Bahl & Gaynor Inc. | 513-287-6100 | $17,566 | 2,536 | $17,182 | 2,488 | $383 | 48 | 35 |
| 255 East Fifth St., Suite 2700 | twitter.com/bahlgaynor | ||||||||
| Cincinnati, OH 45202 | |||||||||
| 16 | Oxford Financial Group | 317-843-5678 | $17,064 | 10,064 | $7,264 | 4,330 | $9,800 | 5,734 | 133 |
| 11711 North Meridian St., Suite 600 | www.ofgltd.com | ||||||||
| Carmel, IN 46032 | |||||||||
| 17 | Aspiriant | 310-806-4000 | $15,477 | 10,471 | $12,335 | 8,110 | $3,142 | 2,361 | 203 |
| 11100 Santa Monica Blvd., Suite 600 | www.aspiriantfunds.com | ||||||||
| Los Angeles, CA 90025 | |||||||||
| 18 | EP Wealth Advisors | 310-543-4559 | $14,670 | 18,365 | $14,386 | 18,300 | $284 | 65 | 257 |
| 21535 Hawthorne Blvd., Suite 400 | www.linkedin.com/ | ||||||||
| Torrance, CA 90503 | company/1947980/ | ||||||||
| 19 | Financial Counselors Inc. | 800-615-2536 | $14,472 | 13,107 | $12,828 | 12,381 | $1,644 | 726 | 61 |
| 5901 College Blvd., Suite 110 | www.fciadvisors.com/ | ||||||||
| Overland Park, KS 66211 | |||||||||
| 20 | Wealthspire Advisors | 212-973-1200 | $14,321 | 4,586 | $14,027 | 4,548 | $294 | 38 | 184 |
| 521 Fifth Ave., 15th Floor | twitter.com/wealthspire | ||||||||
| New York, NY 10175 | |||||||||
| 21 | W.E. Family Offices | 305-825-2225 | $13,382 | 96 | $- | 0 | $13,382 | 96 | 53 |
| 701 Brickell Ave., Suite 2101 | www.linkedin.com/company/ | ||||||||
| Miami, FL 33131 | we-family-offices/ | ||||||||
| 22 | Savant Capital | 815-227-0300 | $12,850 | 7,918 | $12,850 | 7,918 | $- | 0 | 250 |
| 190 Buckley Drive | www.linkedin.com/company/ | ||||||||
| Rockford, IL 61107 | savant-wealth-management/ | ||||||||
| 23 | Loring Wolcott & Coolidge | 617-523-6531 | $12,619 | 3,202 | $12,547 | 3,187 | $73 | 15 | 99 |
| 230 Congress St. | |||||||||
| Boston, MA 02110-2437 | |||||||||
| 24 | Appleton Partners Inc. | 617-338-0700 | $12,510 | 6,645 | $12,510 | 6,645 | $- | 0 | 54 |
| One Post Office Square, 5th Floor | www.appletonpartners.com | ||||||||
| Boston, MA 02109 | |||||||||
| 25 | Fiduciary Counselling Inc. | 651-228-0935 | $11,436 | 1,648 | $4,252 | 1,441 | $7,183 | 207 | 78 |
| 2000 Wells Fargo Place, 30 East 7th St. | |||||||||
| St. Paul, MN 55101-4930 | |||||||||
| 26 | HB Wealth Management | 404-264-1400 | $11,083 | 10,198 | $9,544 | 10,079 | $1,539 | 119 | 146 |
| 3550 Lenox Rd., Suite 2700 | www.homrichberg.com | ||||||||
| Atlanta, GA 30326 | |||||||||
| 27 | Lido Advisors | 310-278-8232 | $11,052 | 10,305 | $10,619 | 10,122 | $433 | 183 | 119 |
| 1875 Century Park East, Suite 950 | www.linkedin.com/ | ||||||||
| Los Angeles, CA 90067 | company/126294 | ||||||||
| 28 | Ballentine Partners | 781-314-1300 | $10,520 | 5,251 | $7,651 | 3,086 | $2,869 | 2,165 | 79 |
| 230 Third Ave., Suite 6 | twitter.com/ballentineprs | ||||||||
| Waltham, MA 02451 | |||||||||
| 29 | Evoke Wealth | 424-372-1775 | $10,457 | 6,415 | $9,970 | 6,270 | $488 | 145 | 44 |
| 10635 Santa Monica Blvd., Suite 240 | www.evokewealth.com | ||||||||
| Los Angeles, CA 90025 | |||||||||
| 30 | Brighton Jones | 206-258-5000 | $10,051 | 2,408 | $9,949 | 2,403 | $102 | 5 | 205 |
| 2030 1st Ave., 3rd Floor | www.brightonjones.com | ||||||||
| Seattle, WA 98121 | |||||||||
| 31 | Choreo | 312-702-1680 | $9,978 | 12,977 | $7,828 | 11,906 | $2,150 | 1,071 | 126 |
| 801 Nicollet Mall, Suite 1200 | www.linkedin.com/ | ||||||||
| Minneapolis, MN 55402 | company/choreo-advisors/ | ||||||||
| 32 | Tag Associates | 212-275-1500 | $9,496 | 1,478 | $313 | 83 | $9,182 | 1,395 | 70 |
| 810 Seventh Ave., 7th Floor | www.tagassoc.com | ||||||||
| New York, NY 10019-5890 | |||||||||
| 33 | Mill Creek Capital Advisors | 610-941-7700 | $9,437 | 372 | $8,728 | 361 | $709 | 11 | 37 |
| 161 Washington St., Suite 1500 | www.millcreekcap.com | ||||||||
| Conshohocken, PA 19428 | |||||||||
| 34 | CV Advisors | 305-358-5990 | $9,407 | 1,639 | $682 | 187 | $8,725 | 1,452 | 51 |
| 19495 Biscayne Blvd., Suite PH1 | www.cv-advisors.com | ||||||||
| Aventura, FL 33180 | |||||||||
| 35 | The Mather Group | 630-537-1078 | $8,580 | 12,561 | $7,584 | 8,799 | $996 | 3,762 | 128 |
| 353 N. Clark St., Suite 2775 | themathergroup.com | ||||||||
| Chicago, IL 60654 | |||||||||
| 36 | Ferguson Wellman Capital Management Inc. | 503-226-1444 | $8,200 | 3,585 | $8,200 | 3,585 | $- | 0 | 57 |
| 888 SW 5th Ave., Suite 1200 | twitter.com/fergusonwellman | ||||||||
| Portland, OR 97204 | |||||||||
| 37 | Heber Fuger Wendin Inc. | 248-258-6866 | $7,941 | 281 | $326 | 203 | $7,615 | 78 | 11 |
| (now Mariner Wealth Advisors) | marinerwealthadvisors.com/ | ||||||||
| 36700 Woodward Ave., Suite 201 | heber-fuger-wendin/ | ||||||||
| Bloomfield, MI 48304-3984 | |||||||||
| 38 | Churchill Management Corp. | 323-937-7110 | $7,915 | 18,036 | $7,783 | 17,124 | $132 | 912 | 57 |
| 5900 Wilshire Blvd., Suite 400 | www.churchillmanagement.com | ||||||||
| Los Angeles, CA 90036 | |||||||||
| 39 | Pinnacle Associates | 212-652-3200 | $7,747 | 5,133 | $7,747 | 5,133 | $- | 0 | 61 |
| 286 Madison Ave., 20th Floor | pinnacleinsights.org | ||||||||
| New York, NY 10017 | |||||||||
| 40 | Ropes Wealth Advisors | 617-235-4260 | $7,503 | 3,332 | $7,322 | 3,283 | $181 | 49 | 37 |
| Prudential Tower, 800 Boylston Street | www.ropeswealthadvisors.com | ||||||||
| Boston, MA 02199-3600 | |||||||||
| 41 | Valeo Financial Advisors | 317.218.6000 | $7,278 | 14,264 | $4,996 | 9,359 | $2,282 | 4,905 | 120 |
| 10 W. Carmel Drive, Suite 400 | www.valeofinancial.com | ||||||||
| Carmel, IN 46032-3357 | |||||||||
| 42 | Wetherby Asset Management | 212-292-4809 | $7,273 | 3,525 | $7,049 | 3,429 | $224 | 96 | 79 |
| 580 California St. | www.wetherby.com | ||||||||
| San Francisco, CA 94104 | |||||||||
| 43 | Adviser Investments | 617-321-2200 | $7,250 | 12,259 | $7,250 | 12,258 | $0 | 1 | 104 |
| 85 Wells Ave., Suite 109 | www.linkedin.com/in/ | ||||||||
| Newton, MA 02459 | daniel-silver-15981b/ | ||||||||
| 44 | Frontier Asset Management | 307-673-5675 | $7,202 | 4,580 | $1,840 | 4,397 | $5,362 | 183 | 46 |
| 50 East Loucks St., Suite 201 | www.frontierasset.com | ||||||||
| Sheridan, WY 82801 | |||||||||
| 45 | Modera Wealth Management | 201-768-4600 | $6,951 | 8,913 | $6,895 | 8,818 | $56 | 95 | 87 |
| 56 Jefferson Ave. | www.facebook.com/ | ||||||||
| Westwood, NJ 07675 | aclearpathforward/ | ||||||||
| 46 | Seven Post Investment Office | 415-341-9300 | $6,937 | 183 | $6,633 | 175 | $304 | 8 | 20 |
| One Montgomery St., Suite 3150 | www.sevenpost.com | ||||||||
| San Francisco, CA 94104-4505 | |||||||||
| 47 | East End Advisors | 212-218-8137 | $6,921 | 36 | $1,191 | 18 | $5,729 | 18 | 18 |
| 610 Fifth Ave., 5th Floor | |||||||||
| New York, NY 10020 | |||||||||
| 48 | R M Davis Inc. | 207-774-0022 | $6,805 | 5,755 | $6,655 | 5,537 | $150 | 218 | 50 |
| 24 City Center | www.linkedin.com/ | ||||||||
| Portland, ME 04101-4069 | company/r-m-davis-inc-/ | ||||||||
| 49 | H. M. Payson & Co. | 207-772-3761 | $6,751 | 3,376 | $6,233 | 3,189 | $518 | 187 | 32 |
| One Portland Square, 5th Floor | www.hmpayson.com | ||||||||
| Portland, ME 04101 | |||||||||
| 50 | Altair Advisers | 312-429-3000 | $6,683 | 808 | $2,261 | 459 | $4,422 | 349 | 60 |
| 303 W. Madison St., Suite 600 | www.altairadvisers.com | ||||||||
| Chicago, IL 60606 | |||||||||
Methodology: InvestmentNews qualified firms headquartered in the United States based on data reported on Form ADV to the Securities and Exchange Commission. To qualify, firms must have met the following criteria: (1) latest ADV filing date is within the past 12 months, (2) total AUM is at least $100M, (3) does not have employees who are registered representatives of a broker-dealer, (4) provided investment advisory services to clients during its most recently completed fiscal year, (5) no more than 50% of amount of regulatory assets under management is attributable to pooled investment vehicles (other than investment companies), (6) no more than 25% of amount of regulatory assets under management is attributable to pension and profit-sharing plans (but not the plan participants), (7) no more than 25% of amount of regulatory assets under management is attributable to corporations or other businesses, (8) does not receive commissions, (9) provides financial planning services, (10) is not actively engaged in business as a broker-dealer (registered or unregistered), (11) is not actively engaged in business as a registered representative of a broker-dealer, (12) has neither a related person who is a broker-dealer/municipal securities dealer/government securities broker or dealer (registered or unregistered) nor one who is an insurance company or agency.
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