Philadelphia has become a thriving hub for independent Registered Investment Advisers, blending deep financial expertise with a strong sense of fiduciary duty and community. In this post, we highlight ten standout RIAs shaping the city’s wealth management landscape through innovative planning, client-focused service, and long-term investment excellence.

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1) myCIO Wealth Partners – $14.4B AUM 

myCIO Wealth Partners is an independent, fee-only advisory firm that acts as a “Chief Investment Officer” for high-net-worth individuals, families, executives, and institutions. The firm provides comprehensive financial planning, investment oversight, and wealth management services designed to align every aspect of a client’s financial life.

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Key Insights:

• Has 98.4% of their assets with High-net-worth individuals
• Works with platforms including: Envestnet.
• Works with high-net-worth individuals
• Lists 100.0% of their SMA assets with Charles Schwab & Company
• Offers: Asset Management, Estate Planning, and Financial Planning
• Advisory clients increased from 913 to 927
• Number of employees increased from 63 to 64
• Total AUM increased 11.2% ($12,968,143,520 to $14,415,669,677)

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2) Wescott Financial Advisory Group – $3.7B AUM

Wescott Financial Advisory Group is an independent, fee-only investment advisory and wealth-management firm that blends financial expertise with life expertise under its signature “Life-Minded Wealth®” approach. Founded in 1987 and headquartered in Philadelphia, the firm caters primarily to high-net-worth individuals, families and institutions, offering holistic services spanning investment management, tax & estate planning, and business exit strategies.

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Key Insights:

• Has 69.7% of their assets with High-net-worth individuals
• Works with platforms including: eMoney.
• Works with high-net-worth individuals
• Lists 62.9% of their SMA assets with Charles Schwab & Company
• Offers: 529 Plans, Asset Management, and Business Succession
• Advisory clients decreased from 785 to 777
• Number of employees decreased from 54 to 50
• Total AUM increased 7.1% ($3,477,406,798 to $3,725,004,015)

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3) Bryn Mawr Trust Advisors – $3B AUM

Bryn Mawr Trust is a wealth-management and private banking firm — part of the WSFS Financial Corporation family — that supports individuals, families, businesses and institutions with a full suite of services including investment management, trust & estate planning, and private banking. The firm emphasizes a customized, multi-asset portfolio approach and a seven-step holistic wealth-planning framework to align clients’ portfolios and financial lives with their long-term goals.

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Key Insights: 

• Has 84.3% of their assets with High-net-worth individuals
• Works with platforms including: Orion.
• Works with high-net-worth individuals
• Lists 55.3% of their SMA assets with Charles Schwab & Company
• Offers: Asset Management, Business Succession, and Charitable Giving
• Advisory clients increased from 1,422 to 1,447
• Number of employees increased from 50 to 59
• Total AUM decreased 0.8% ($3,035,760,870 to $3,011,732,671)

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4) Roffman Miller Associates – $2.8B AUM

Roffman Miller Wealth Management is an independent, employee-owned, fee-only registered investment advisory firm that has provided investment management and financial planning services for individuals and families since 1990. They emphasize a long-term, discretionary portfolio approach tailored to clients seeking thoughtful guidance across retirement and wealth-planning strategies.

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Key Insights: 

• Has 90.1% of their assets with High-net-worth individuals
• Works with platforms including: Black Diamond | Envestnet MoneyGuide.
• Works with high-net-worth individuals
• Lists 100.0% of their SMA assets with Charles Schwab & Company
• Offers: 529 Plans
• Advisory clients increased from 1,460 to 1,565
• Number of employees increased from 12 to 15
• Total AUM increased 16.6% ($2,484,019,710 to $2,895,159,684)

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5)  RTD Financial Advisors – $2.3B AUM

RTD Financial is a fiduciary-led, boutique wealth-management firm that specializes in serving families, individuals, trusts, nonprofits and retirement-plan sponsors. The firm emphasizes personal attention (“no off-the-shelf solutions”), deep listening to identify client goals, and teams each client with a dedicated advisor supported by a broader expert staff.

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Key Insights: 

• Has 60.8% of their assets with High-net-worth individuals
• Works with platforms including: eMoney.
• Works with high-net-worth individuals
• Lists 78.5% of their SMA assets with Charles Schwab & Company
• Offers: Asset Management, Charitable Giving, and Estate Planning
• Number of employees decreased from 41 to 40
• Advisory clients increased from 672 to 738
• Total AUM increased 12.5% ($2,117,414,764 to $2,381,633,715)

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6) Mitchell Sinkler & Starr – $1.7B AUM

Mitchell Sinkler & Starr, Inc. is an independent, fiduciary-led Registered Investment Adviser that has provided tailored investment management and financial planning services to individuals, families, trusts, estates, foundations and nonprofits since 1969. They emphasize customized, separately-managed portfolios, direct senior-portfolio-manager relationships, and a low-cost fee structure to support clients across multiple generations.

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Key Insights: 

• Has 88.1% of their assets with High-net-worth individuals
• Works with platforms including: Black Diamond.
• Works with high-net-worth individuals
• Lists 100.0% of their SMA assets with Charles Schwab & Company
• Offers: Financial Planning
• Advisory clients decreased from 244 to 242
• Total AUM increased 11.4% ($1,589,448,489 to $1,771,245,020)

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7) Prudent Management Associates – $1.1B AUM

Prudent Management Associates is a boutique, fee-only investment advisory firm founded in 1982 and based in Philadelphia, serving high-net-worth individuals and not-for-profit organizations. The firm emphasizes a disciplined, conservative investment management approach focused on risk control, low costs, and transparent portfolios built primarily with mutual funds and ETFs.

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Key Insights: 

• Has 79.5% of their assets with High-net-worth individuals
• Works with high-net-worth individuals
• Lists 100.0% of their SMA assets with Fidelity/Nfs
• Offers: Charitable Giving and Financial Planning
• Advisory clients decreased from 259 to 238
• Total AUM increased 8% ($1,052,758,169 to $1,137,447,848)

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8) Mor Wealth Management – $380M AUM (check this one)

MOR Wealth Management, LLC is a certified B-Corp registered investment advisory firm based in Philadelphia that specializes in socially responsible investment management and estate/legacy planning. They emphasize sustainable business practices, customized portfolios incorporating public and private equity, and a mission to empower clients to live fulfilling lives with financial peace of mind.

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Key Insights: 

• Has 89% of their assets with High-net-worth individuals
• Works with high-net-worth individuals
• Lists 100.0% of their SMA assets with Fidelity/Nfs
• Offers: Asset Management, Business Succession, and Estate Planning
• Advisory clients increased from 0 to 164
• Total AUM added ($380,174,883)

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9) Magnolia Private Wealth – $225M AUM

Magnolia Private Wealth is an independent, fee-only registered investment advisory firm that offers comprehensive wealth management—including investment strategy, tax-aware planning, business owner services, and alternative investing—to a select group of families, executives, and business owners.

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Key Insights: 

• Experienced top 97.4% AUM growth compared to $200M - $500 RIAs with 104% AUM growth.
• Has 87.4% of their assets with High-net-worth individuals
• Works with platforms including: Black Diamond | eMoney.
• Works with high-net-worth individuals & accredited investors
• Lists 53.5% of their SMA assets with Charles Schwab & Company
• Offers: Asset Management, Charitable Giving, and Estate Planning
• Advisory clients increased from 94 to 159
• Number of employees increased from 3 to 4
• Total AUM increased 103.9% ($110,689,645 to $225,740,627)

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10) Liberty One Wealth Advisors – $129M AUM

Liberty One Wealth Advisors is a fiduciary-led investment advisory firm dedicated to helping individuals and families achieve financial security through objective, holistic planning and tailored investment strategies. Guided by values of transparency, active risk management, tax-efficiency, and behavioral coaching, the firm builds customized portfolios anchored by clients’ goals and aspirations.

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Key Insights: 

• Has 59.3% of their assets with Individuals
• Works with platforms including: Advyzon | PONTERA.
• Works with high-net-worth individuals
• Lists 100.0% of their SMA assets with Charles Schwab & Company
• Offers: Asset Management, Business Succession, and Estate Planning
• Advisory clients increased from 188 to 205
• Total AUM increased 23.7% ($104,701,744 to $129,464,252)

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Turning Advisor Data Into Growth

Philadelphia’s advisory landscape reflects the broader national momentum toward specialization, deeper planning capabilities, and independent business models. To explore how these shifts compare across other regions and advisor segments, visit the Advisor Demographics Report 2025 or see how firms in major markets like Los Angeles are evolving in the Top 10 Independent RIAs in Los Angeles. For teams looking to identify the right advisors more efficiently, AdvizorPro’s AI Search makes it easy to surface qualified prospects in seconds.

Start your free trial to access the most accurate advisor data in the industry.

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