Top 20 RIAs in Denver 2026: Ranking the Metro's Leading Wealth Managers

‍

Denver's wealth management scene has grown well beyond the handful of boutique shops that once defined it. The metro now hosts everything from a national consumer-wealth giant headquartered downtown to multi-family offices, flat-fee planning firms, and tight-knit boutiques spread across Boulder, Lakewood, Greenwood Village, and the Denver Tech Center. Tracking who is actually managing money for Denver families, rather than selling products to other advisors, takes more than a quick AUM sort. For firms watching the market's recent deal activity, our August 2026 RIA M&A report breaks down who is buying and who is being bought across the industry.

We ranked firms using AdvizorPro's dataset of SEC-registered investment advisers headquartered in the Denver metro area, sorted by total assets under management. All key insights are based on data as of September 2026.

‍

Top 20 RIAs in Denver at a Glance

‍

‍

1. Mercer Global Advisors Inc. | $84.40 billion AUM

Headquartered in downtown Denver, Mercer Advisors is one of the largest independent wealth management firms in the country, built around a "family office for your family" model that bundles financial planning, tax, estate, and investment management for affluent households nationwide.

Key Insights:

• AUM grew 40% year-over-year, from $60.3 billion to $84.4 billion
• HNW clients account for 83.6% of assets ($70.5 billion across 18,398 accounts)
• Serves over 36,000 advisory clients through 749 advisors across 351 branches nationwide
• Custodied primarily at Charles Schwab ($57.7 billion) and Fidelity ($20.9 billion)
• Technology stack includes eMoney, OSAIC, Pontera, and Axos Advisor Services

2. JFG Family Office | $4.53 billion AUM

JFG Family Office evolved from a single-family office into a multi-family office serving high-net-worth families with integrated planning, investment management, and philanthropic advising from its downtown Denver headquarters.

Key Insights:

• AUM grew 65% year-over-year, from $2.75 billion to $4.53 billion
• HNW clients account for 99.3% of assets ($4.5 billion)
• Serves 165 advisory clients through 35 reps across 5 branch locations
• Custodied primarily at Charles Schwab ($2.56 billion)
• Platform includes Tamarac for portfolio management

3. GHP Investment Advisors Inc | $3.06 billion AUM

GHP Investment Advisors is a fee-only, fiduciary wealth management firm based in downtown Denver that builds holistic financial plans for individuals and families, coordinating with clients' outside accountants and attorneys on tax, estate, and business matters.

Key Insights:

• AUM grew 13% year-over-year, from $2.72 billion to $3.06 billion
• HNW clients account for 88.1% of assets ($2.70 billion)
• Serves 1,234 advisory clients through 28 reps and 25 employees
• Custodied at Charles Schwab ($1.61 billion)
• Platform includes eMoney for financial planning

4. BSW Wealth Partners | $2.24 billion AUM

BSW Wealth Partners is a Certified B Corporation based in Boulder that provides fiduciary, fee-only wealth management to entrepreneurs, executives, and families, with a flat-fee model built around long-term planning relationships.

Key Insights:

• AUM grew 13% year-over-year, from $1.98 billion to $2.24 billion
• HNW clients account for 94.0% of assets ($2.11 billion)
• Serves 501 advisory clients through 18 reps and 27 employees
• Custodied across Charles Schwab ($1.44 billion) and Fidelity ($331.1 million)
• Platforms include JP Morgan, OSAIC, and Tamarac

5. Nilsine Partners, LLC | $1.88 billion AUM

Nilsine Partners is a Greenwood Village-based wealth management and multi-family office firm that builds generational wealth plans for individuals and families, emphasizing personalized strategy over standardized portfolios.

Key Insights:

• AUM grew 10% year-over-year, from $1.71 billion to $1.88 billion
• HNW clients account for 73.4% of assets ($1.38 billion)
• Serves 559 advisory clients through 16 reps and 18 employees
• Custodied at Charles Schwab ($1.88 billion)
• Technology stack includes eMoney and Pontera

6. Buck Wealth Strategies, LLC | $1.64 billion AUM

Operating from Denver as E.A. Buck Financial Services, this firm delivers financial planning, retirement planning, and wealth management to individuals and families nationwide, including a dedicated practice helping federal employees navigate their benefits.

Key Insights:

• AUM growth reflects an active roll-up strategy bringing several independent planning practices under one registration, rather than organic growth alone
• Retirement plan assets make up 45.5% of the book ($748.2 million), with individual client assets at 37.3% ($612.3 million)
• Serves nearly 2,950 advisory clients through 50 reps across 28 branches
• Custodied across Fidelity ($572.5 million) and Charles Schwab ($329.9 million)
• Platforms include Assetmark and eMoney

7. Schaefer Financial Management, Inc. | $1.11 billion AUM

Schaefer Financial Management has served Centennial-area clients since 1989, pairing collaborative financial planning with tax-aware portfolio management for individuals and families.

Key Insights:

• AUM grew 14% year-over-year, from $979.1 million to $1.11 billion
• HNW clients account for 91.4% of assets ($1.02 billion)
• Serves 446 advisory clients through 8 reps and 9 employees
• Custodied at Charles Schwab
• Technology stack includes 55ip, Advyzon, eMoney, and Envestnet

8. Heirloom Wealth Management LLC | $1.11 billion AUM

Heirloom Wealth Management is a Greenwood Village firm offering integrated wealth and tax planning for high earners, retirees, and business owners, with a particular focus on clients navigating sudden wealth or major life transitions.

Key Insights:

• AUM nearly doubled year-over-year, growing 80% from $614.1 million to $1.11 billion
• HNW clients account for 65.9% of assets ($730.8 million)
• Serves 853 advisory clients through 19 reps across 5 branches
• Custodied at Charles Schwab ($910.8 million)
• Platforms include Orion and Envestnet MoneyGuide

9. Mattern Capital Management, LLC | $1.07 billion AUM

Mattern Capital operates a "Personal CFO" model out of Lakewood, Colorado, combining investment management with tax and wealth optimization for affluent individuals and families across Colorado and Arizona.

Key Insights:

• AUM grew 7% year-over-year, from $998.9 million to $1.07 billion
• HNW clients account for 91.7% of assets ($984.9 million)
• Serves 436 advisory clients through 8 reps and 9 employees
• Custodied at Charles Schwab ($1.05 billion)
• Platform includes eMoney

10. Semper Augustus Investments Group LLC | $982.2 million AUM

Semper Augustus Investments Group is a Highlands Ranch-based investment firm managing concentrated, value-driven equity portfolios for high-net-worth individuals, charities, and businesses.

Key Insights:

• AUM grew 42% year-over-year, from $693.0 million to $982.2 million
• HNW clients account for 70.6% of assets ($693.6 million)
• Serves 269 advisory clients through 2 reps and 9 employees
• Custodied across Charles Schwab ($637.2 million) and US Bank ($215.0 million)

‍

11. The Millstone Evans Group, LLC | $893.3 million AUM

With offices in Boulder and Denver, The Millstone Evans Group builds relationship-driven financial plans for families, first-time investors, and clients navigating major life transitions, with a particular focus on accessible, jargon-free planning.

Key Insights:

• AUM grew 15% year-over-year, from $777.9 million to $893.3 million
• HNW clients account for 83.0% of assets ($741.6 million)
• Serves 654 advisory clients through 7 reps and 8 employees
• Custodied at Raymond James
• Platform includes eMoney

12. Gill Capital Partners, LLC | $862.4 million AUM

Gill Capital Partners is an independent, Denver-based wealth management firm offering customized investment and institutional services, built around a team-based approach to growing and protecting client assets.

Key Insights:

• AUM grew 9% year-over-year, from $790.0 million to $862.4 million
• HNW clients account for 65.5% of assets ($564.9 million)
• Serves 483 advisory clients through 17 reps and 17 employees
• Custodied at Charles Schwab ($283.1 million)
• Platforms include Black Diamond, eMoney, and Pontera

13. Bason Asset Management | $848.8 million AUM

Bason Asset Management runs a flat-fee, fee-only practice from Lakewood, Colorado, built around low-cost index investing, tax management, and financial planning for clients across the country.

Key Insights:

• AUM grew 21% year-over-year, from $700.6 million to $848.8 million
• HNW clients account for 97.8% of assets ($830.0 million)
• Serves 139 advisory clients through just 2 reps
• Custodied at Charles Schwab ($603.1 million)

14. Kozak & Tripp Private Asset Management, Inc. | $813.4 million AUM

Kozak & Tripp is a Highlands Ranch private asset management firm offering retirement planning, investment management, estate planning, and tax strategy to clients across the country.

Key Insights:

• AUM grew 15% year-over-year, from $706.5 million to $813.4 million
• Individual clients account for 28.7% of assets ($233.7 million), with HNW clients at 68.8% ($559.8 million)
• Serves 791 advisory clients through 3 reps and 10 employees
• Custodied at Charles Schwab
• Platform includes Black Diamond

15. Investment Management Associates | $810.0 million AUM

IMA is a Greenwood Village firm built around research-heavy, value-oriented investing, individually managing portfolios for affluent clients who want direct access to the people making decisions about their money.

Key Insights:

• AUM grew 41% year-over-year, from $572.7 million to $810.0 million
• HNW clients account for 69.2% of assets ($560.2 million)
• Serves 385 advisory clients through 3 reps and 8 employees
• Custodied across Charles Schwab ($506.3 million) and Fidelity ($297.4 million)
• Platform includes Orion

16. Tillman Hartley LLC | $746.3 million AUM

Tillman Hartley is an independent multi-family office and wealth management firm based in Denver, offering fully coordinated planning for affluent families alongside outside tax and legal professionals.

Key Insights:

• AUM grew 22% year-over-year, from $609.3 million to $746.3 million
• HNW clients account for 85.5% of assets ($638.2 million)
• Serves 64 advisory clients through 4 reps across 3 branches
• Custodied across Charles Schwab ($391.2 million) and Fidelity ($381.9 million)

17. Clear Creek Advisors | $722.5 million AUM

Clear Creek Advisors is a Denver wealth management firm specializing in retirement planning, helping families, individuals, and business owners build income strategies for the transition into retirement.

Key Insights:

• AUM grew 32% year-over-year, from $548.3 million to $722.5 million
• Client assets are split almost evenly between individuals (51.0%, $368.5 million) and HNW households (49.0%, $354.0 million)
• Serves 483 advisory clients through 9 reps and 9 employees
• Custodied at Charles Schwab ($722.4 million)
• Platform includes eMoney

18. Peak Planning Group, LLC | $710.0 million AUM

Peak Planning Group treats its Centennial-based practice like an extension of each client's family, delivering long-term investment management, insurance, and financial planning across offices in Colorado, North Carolina, and Hawaii.

Key Insights:

• AUM grew 9% year-over-year, from $650.9 million to $710.0 million
• HNW clients account for 71.1% of assets ($505.1 million)
• Serves 842 advisory clients through 8 reps and 11 employees
• Custodied across Raymond James ($514.4 million) and Charles Schwab ($185.3 million)
• Platform includes Advyzon

19. Dodds Wealth, LLC | $706.2 million AUM

Dodds Wealth operates out of Greenwood Village and Colorado Springs, building financial plans around investments, cash flow, estate planning, and tax strategy for affluent individuals and families in more than 35 states.

Key Insights:

• AUM grew 11% year-over-year, from $638.0 million to $706.2 million
• Individual clients account for 82.2% of assets ($580.5 million), with HNW clients at 14.5%
• Serves 421 advisory clients through 7 reps and 11 employees
• Custodied at LPL Financial
• Platform includes Wealth.com for estate planning

20. Black Swift Group, LLC | $694.1 million AUM

Black Swift Group is a Boulder-based investment manager serving high-net-worth individuals, family offices, and institutional clients with custom equity, fixed income, and alternative investment strategies.

Key Insights:

• AUM grew 24% year-over-year, from $558.0 million to $694.1 million
• HNW clients account for 71.1% of assets ($493.7 million)
• Serves 406 advisory clients through 9 reps and 9 employees
• Custodied at Pershing

Closing Thoughts

Denver's RIA market is a study in contrasts: a single national consumer-wealth platform in Mercer Global Advisors accounts for more AUM than the rest of this list combined, while dozens of tightly focused boutiques and multi-family offices compete for the same high-net-worth households across Boulder, the Denver Tech Center, and the southern suburbs. Several firms on this list, including Mattern Capital, Heirloom Wealth Management, and Semper Augustus, are sitting just above or below the $1 billion mark, a threshold covered in more depth in our $1B Watchlist. For a broader national view of where Denver's largest firm and others stack up, see our Top 100 Independent RIAs 2026 ranking.

About AdvizorPro

AdvizorPro is the advisor intelligence platform built for asset managers, ETF issuers, wealthtechs, and distribution teams that need to identify, prioritize, and engage financial advisors. With verified data across 750,000+ RIAs, family offices, and broker-dealers - combined with AI-powered lead scoring, TrafficIQ visitor intelligence, native CRM integrations, and now direct connectivity to Claude and ChatGPT - AdvizorPro powers the go-to-market strategies of leading firms across the wealth management ecosystem.

‍

‍