A Data-Driven Independent RIA List

The Top 100 Independent RIAs 2026 is a data-backed independent RIA list highlighting the largest and most influential independent registered investment advisory firms in the United States.

This page is designed to do more than surface firm names. It provides context around how leading independent RIAs are structured, who they serve, how they are growing, and what differentiates them from one another in a rapidly evolving wealth management landscape.

Whether you are researching the independent RIA market, identifying potential partners, prioritizing firms for distribution, or analyzing competitive dynamics, this list offers a clear and practical snapshot of the firms shaping the industry today.

To explore deeper industry patterns alongside this ranking, we recommend pairing it with our Advisor Demographics Report 2025, which analyzes advisor backgrounds, firm structures, and growth trends across the broader RIA ecosystem.

What Qualifies as an Independent RIA?

An independent RIA is a registered investment advisory firm that operates without ownership or control from a wirehouse, bank, or insurance-affiliated broker-dealer. These firms are typically owned by their principals or employees and are registered directly with the SEC or applicable state regulators.

Independence influences nearly every aspect of how these firms operate. It affects investment flexibility, custodial relationships, fee structures, technology adoption, and long-term strategic decisions.

Because independent RIAs disclose detailed operational and ownership information through regulatory filings, they can be analyzed and compared using a comprehensive RIA database built from Form ADV data and related firm intelligence. This allows for more accurate benchmarking across firm size, structure, and client focus.

For inclusion in this independent RIA list, firms must:

• Be registered with the SEC
• Operate independently, without wirehouse or bank ownership
• Serve primarily retail and high-net-worth clients
• File publicly available Form ADV disclosures

This ensures the rankings reflect firms that truly represent the independent RIA model in the US.

How This Independent RIA List Is Built

Methodology

The Top 100 Independent RIAs 2026 ranking is based on publicly available regulatory data sourced primarily from SEC Form ADV filings.

To qualify, firms must:

• Be registered with the SEC
• Operate independently
• Serve primarily retail, non-institutional clients
  
  

Firms are ranked using two core metrics:

• Assets Under Management (AUM): Total discretionary and non-discretionary assets reported
  
  
• Number of Retail Clients: Total individual clients receiving advisory services

This approach emphasizes firms that demonstrate both scale and reach within the retail and high-net-worth investor market.

Additional Data Context

While AUM and client count determine ranking position, this independent RIA list is supported by broader firm-level context, including:

• Headquarters location
• Custodial relationships
• Number of advisors and registered representatives
• Client type focus, such as high-net-worth individuals, business owners, or families
• Founding year and firm longevity
• Growth signals based on recent Form ADV changes
  
  

These data points help readers understand how firms differ beyond size alone.

How to Use This Independent RIA List

Not all firms on this independent RIA list operate the same way. Similar AUM figures can mask very different business models, client bases, and growth strategies.

As you review the rankings, consider:

• Firms with high AUM but smaller advisor teams, which may indicate centralized portfolio management
• Firms with larger advisor headcounts relative to AUM, often reflecting planning-led or relationship-driven models
• Single-office firms compared to multi-location or national footprints
• Firms focused on ultra-high-net-worth households versus mass-affluent or emerging wealth clients

Approaching the list through this lens turns it from a static ranking into a more useful research and targeting tool.

Common Characteristics of Top Independent RIAs in 2026

Although each firm on this independent RIA list is unique, several shared traits appear consistently among top-ranked firms.

Many leading independent RIAs:

• Custody assets with major providers such as Schwab, Fidelity, and Pershing
• Serve a mix of high-net-worth individuals, business owners, and multi-generational families
• Grow through a combination of organic advisor recruiting and strategic acquisitions
• Offer specialized services around tax planning, estate planning, or alternative investments
• Operate lean internal teams supported by modern wealth technology platforms

These common patterns help explain why certain firms continue to scale faster than the broader RIA market.

Growth Trends Across Independent RIA Firms in 2026

The independent RIA market continues to expand, but growth is uneven across firms.

Some organizations on this independent RIA list are experiencing rapid expansion driven by advisor lift-outs, M&A activity, or strong asset inflows. Others are prioritizing stability, focusing on retention and long-term client relationships rather than aggressive growth.

Reviewing Form ADV changes over time reveals:

• Which firms are adding advisors or offices
• Where consolidation is accelerating
• Which RIAs are shifting client focus or service offerings

Understanding these dynamics is critical for asset managers, recruiters, and service providers evaluating where opportunity is emerging within the independent RIA landscape.

The Top 100 Independent RIAs 2026

This interactive table ranks the Top 100 Independent RIAs by Assets Under Management and number of retail clients, using the methodology outlined above.

Why This Independent RIA List Matters

For anyone working in or around wealth management, visibility into the largest independent RIAs provides valuable market insight.

This independent RIA list helps readers:

• Understand who controls a meaningful share of retail advisory assets
• Identify firms with scale, momentum, or unique positioning
• Track how independence continues to reshape the advisory industry

Lists alone do not drive outcomes, but informed context does. This page is designed to support better research, better targeting, and better decision-making.

Want to Reach These Independent RIAs?

The Top 100 Independent RIAs 2026 represent the firms setting the pace in modern wealth management.

For asset managers, wealthtech companies, recruiters, and service providers, identifying the right firms is only the first step. Understanding their structure, growth profile, and advisor teams is what enables meaningful engagement.

AdvizorPro helps teams move beyond static independent RIA lists by connecting rankings to detailed firm profiles, advisor relationships, growth signals, and CRM-ready data. This allows you to prioritize the right firms, understand their business, and start informed conversations with confidence.

For teams ready to take action, AdvizorPro’s CRM integrations sync RIA data directly into your workflows, while TrafficIQ solution helps uncover which RIAs and firms are already visiting your website. 

Request a free trial to see how AdvizorPro helps turn independent RIA research into measurable results.

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