Inside the Top 50 Fee-Only RIA Firms
January 2, 2013 6:20 AM
Top 50 Fee-Only RIA Firms
Here are Financial Planning Magazine's top 50 fee-only RIA firms for 2012.
In FP's annual listing of the top RIAs, we track the top 50 fee-only firms by assets under management. We left off firms with B-D affiliations or large stakes held by banks or other outside institutions, given the conflicts these arrangements often present.
In FP's annual listing of the top RIAs, we track the top 50 fee-only firms by assets under management. We left off firms with B-D affiliations or large stakes held by banks or other outside institutions, given the conflicts these arrangements often present.
50. R.M. Davis
Location: Portland, Maine
AUM (billions): $2.137
Accounts: 3,412
Employees: 35
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: rmdavis.com
AUM (billions): $2.137
Accounts: 3,412
Employees: 35
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: rmdavis.com
49. Mill Creek Capital Advisors
Location: Conshohocken, Pa.
AUM (billions): $2.251
Accounts: 174
Employees: 15
Investment Advisors: 11-50
Custodian/ Clearing Firm: N/A
Website: millcreekcap.com
AUM (billions): $2.251
Accounts: 174
Employees: 15
Investment Advisors: 11-50
Custodian/ Clearing Firm: N/A
Website: millcreekcap.com
48. Karpus Investment Management
Location: Pittsford, N.Y.
AUM (billions): $2.255
Accounts: 1,967
Employees: 35
Investment Advisors: 11-50
Custodian/ Clearing Firm: N/A
Website: karpus.com
AUM (billions): $2.255
Accounts: 1,967
Employees: 35
Investment Advisors: 11-50
Custodian/ Clearing Firm: N/A
Website: karpus.com
47. Douglas C. Lane & Associates
Location: New York
AUM (billions): $2.256
Accounts: 3,224
Employees: 31
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab, Fidelity
Website: dclainc.com
AUM (billions): $2.256
Accounts: 3,224
Employees: 31
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab, Fidelity
Website: dclainc.com
46. Homrich Berg
Location: Atlanta
AUM (billions): $2.267
Accounts: 3,523
Employees: 53
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab, TD Ameritrade, Fidelity
Website: homrichberg.com
AUM (billions): $2.267
Accounts: 3,523
Employees: 53
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab, TD Ameritrade, Fidelity
Website: homrichberg.com
45. Atherton Lane Advisers
Location: Menlo Park, Calif.
AUM (billions): $2.290
Accounts: 691
Employees: 33
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: athertonlane.com
AUM (billions): $2.290
Accounts: 691
Employees: 33
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: athertonlane.com
44. Evanson Asset Managment
Location: Carmel, Calif.
AUM (billions): $2.327
Accounts: 3,373
Employees: 4
Investment Advisors: 1-5
Custodian/ Clearing Firm: Schwab, Vanguard, Fidelity, Aegon, TD Ameritrade
Website: evansonasset.com
AUM (billions): $2.327
Accounts: 3,373
Employees: 4
Investment Advisors: 1-5
Custodian/ Clearing Firm: Schwab, Vanguard, Fidelity, Aegon, TD Ameritrade
Website: evansonasset.com
43. Silver Bridge
Location: Boston
AUM (billions): $2.340
Accounts: 1,984
Employees: 47
Investment Advisors: 11-50
Custodian/ Clearing Firm: N/A
Website: silverbridgeadv.com
AUM (billions): $2.340
Accounts: 1,984
Employees: 47
Investment Advisors: 11-50
Custodian/ Clearing Firm: N/A
Website: silverbridgeadv.com
42. Northeast Financial Consultants
Location: Westport, Conn.
AUM (billions): $2.351
Accounts: 1,535
Employees: 4
Investment Advisors: 1-5
Custodian/ Clearing Firm: Fidelity, Commonwealth Financial Network, Schwab
Website: None
AUM (billions): $2.351
Accounts: 1,535
Employees: 4
Investment Advisors: 1-5
Custodian/ Clearing Firm: Fidelity, Commonwealth Financial Network, Schwab
Website: None
41. RegentAtlantic Capital
Location: Morristown, N.J.
AUM (billions): $2.370
Accounts: 5,147
Employees: 32
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab, Fidelity, TD Ameritrade
Website: regentatlantic.com
AUM (billions): $2.370
Accounts: 5,147
Employees: 32
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab, Fidelity, TD Ameritrade
Website: regentatlantic.com
40. Tolleson Private Wealth Management
Location: Dallas
AUM (billions): $2.411
Accounts: 2,220
Employees: 40
Investment Advisors: 11-50
Custodian/ Clearing Firm: Pershing, Schwab
Website: tollesonwealth.com
AUM (billions): $2.411
Accounts: 2,220
Employees: 40
Investment Advisors: 11-50
Custodian/ Clearing Firm: Pershing, Schwab
Website: tollesonwealth.com
39. KCM Investment Advisors
Location: San Rafael, Calif
AUM (billions): $2.447
Accounts: 1,829
Employees: 10
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab, TD Ameritrade
Website: kcmadvisors.com
AUM (billions): $2.447
Accounts: 1,829
Employees: 10
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab, TD Ameritrade
Website: kcmadvisors.com
38. Alaska Permanent Capital Management
Location: Anchorage, Alaska
AUM (billions): $2.463
Accounts: 346
Employees: 13
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab
Website: apcm.net
AUM (billions): $2.463
Accounts: 346
Employees: 13
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab
Website: apcm.net
37. Cornerstone Advisors
Location: Bellevue, Wash.
AUM (billions): $2.500
Accounts: 1,967
Employees: 50-500
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: buildbeyond.com
AUM (billions): $2.500
Accounts: 1,967
Employees: 50-500
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: buildbeyond.com
36. Washington Capital Management
Location: Seattle
AUM (billions): $2.510
Accounts: 182
Employees: 48
Investment Advisors: 11-50
Custodian/ Clearing Firm: N/A
Website: wcmadvisors.com
AUM (billions): $2.510
Accounts: 182
Employees: 48
Investment Advisors: 11-50
Custodian/ Clearing Firm: N/A
Website: wcmadvisors.com
35. CCM Investment Advisers
Location: Columbia, S.C.
AUM (billions): $2.544
Accounts: 698
Employees: 15
Investment Advisors: 6-10
Custodian/ Clearing Firm: N/A
Website: ccminc.com
AUM (billions): $2.544
Accounts: 698
Employees: 15
Investment Advisors: 6-10
Custodian/ Clearing Firm: N/A
Website: ccminc.com
34. Geneva Capital Management
Location: Milwaukee
AUM (billions): $2.609
Accounts: 561
Employees: 21
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab
Website: genevacapitalmanagement.com
AUM (billions): $2.609
Accounts: 561
Employees: 21
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab
Website: genevacapitalmanagement.com
33. BPS Capital Management
Location: Bloomington, Minn.
AUM (billions): $2.650
Accounts: 73
Employees: 8
Investment Advisors: 1-5
Custodian/ Clearing Firm: N/A
Website: bpscapital.com
AUM (billions): $2.650
Accounts: 73
Employees: 8
Investment Advisors: 1-5
Custodian/ Clearing Firm: N/A
Website: bpscapital.com
32. Savant Capital Management
Location: Rockford, Ill.
AUM (billions): $2.651
Accounts: 2,754
Employees: 86
Investment Advisors: 11-50
Custodian/ Clearing Firm: TD Ameritrade, Schwab, Fidelity, Vanguard
Website: savantcapital.com
AUM (billions): $2.651
Accounts: 2,754
Employees: 86
Investment Advisors: 11-50
Custodian/ Clearing Firm: TD Ameritrade, Schwab, Fidelity, Vanguard
Website: savantcapital.com
31. Strategic Investment Counsel
Location: Dallas
AUM (billions): $2.722
Accounts: 47
Employees: 4
Investment Advisors: 1-5
Custodian/ Clearing Firm: TD Ameritrade
Website: strinco.com
AUM (billions): $2.722
Accounts: 47
Employees: 4
Investment Advisors: 1-5
Custodian/ Clearing Firm: TD Ameritrade
Website: strinco.com
30. NEPC
Location: Cambridge, Mass
AUM (billions): $2.750
Accounts: 6
Employees: 188
Investment Advisors: 51-250
Custodian/ Clearing Firm: N/A
Website: nepc.com
AUM (billions): $2.750
Accounts: 6
Employees: 188
Investment Advisors: 51-250
Custodian/ Clearing Firm: N/A
Website: nepc.com
29. Gofen and Glossberg
Location: Chicago
AUM (billions): $2.774
Accounts: 2.675
Employees: 27
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: gofen.com
AUM (billions): $2.774
Accounts: 2.675
Employees: 27
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: gofen.com
28. ICG Advisors
Location: Los Angeles
AUM (billions): $2.817
Accounts: 62
Employees: 18
Investment Advisors: 11-50
Custodian/ Clearing Firm: N/A
Website: icgadvisors.com
AUM (billions): $2.817
Accounts: 62
Employees: 18
Investment Advisors: 11-50
Custodian/ Clearing Firm: N/A
Website: icgadvisors.com
27. Seven Post Private Investment Office
Location: San Francisco
AUM (billions): $2.818
Accounts: 394
Employees: 10
Investment Advisors: 6-10
Custodian/ Clearing Firm: N/A
Website: sevenpost.com
AUM (billions): $2.818
Accounts: 394
Employees: 10
Investment Advisors: 6-10
Custodian/ Clearing Firm: N/A
Website: sevenpost.com
26. Altair Advisors
Location: Chicago
AUM (billions): $2.834
Accounts: 382
Employees: 32
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: altairadvisers.com
AUM (billions): $2.834
Accounts: 382
Employees: 32
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: altairadvisers.com
25. Bartlett & Co.
Location: Cincinnati
AUM (billions): $2.875
Accounts: 2,528
Employees: 45
Investment Advisors: 11-50
Custodian/ Clearing Firm: N/A
Website: bartlett1898.com
AUM (billions): $2.875
Accounts: 2,528
Employees: 45
Investment Advisors: 11-50
Custodian/ Clearing Firm: N/A
Website: bartlett1898.com
24. Churchill Management Group
Location: Los Angeles
AUM (billions): $2.909
Accounts: 7,157
Employees: 37
Investment Advisors: 11-50
Custodian/ Clearing Firm: TD Ameritrade, Schwab
Website: churchillmangement.com
AUM (billions): $2.909
Accounts: 7,157
Employees: 37
Investment Advisors: 11-50
Custodian/ Clearing Firm: TD Ameritrade, Schwab
Website: churchillmangement.com
23. Ferguson Wellman Capital Management
Location: Portland, Ore.
AUM (billions): $2.915
Accounts: 1,851
Employees: 39
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: fergusonwellman.com
AUM (billions): $2.915
Accounts: 1,851
Employees: 39
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: fergusonwellman.com
22. Spruce Private Investors
Location: Stamford, Conn.
AUM (billions): $2,930
Accounts: 216
Employees: 17
Investment Advisors: 1-5
Custodian/ Clearing Firm: N/A
Website: spruceinvest.com
AUM (billions): $2,930
Accounts: 216
Employees: 17
Investment Advisors: 1-5
Custodian/ Clearing Firm: N/A
Website: spruceinvest.com
21. Strategic Capital Advisers
Location: Denver
AUM (billions): $2.982
Accounts: 163
Employees: 6
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab
Website: scadv.com
AUM (billions): $2.982
Accounts: 163
Employees: 6
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab
Website: scadv.com
20. Wetherby Asset Managment
Location: San Francisco
AUM (billions): $3.013
Accounts: 3,140
Employees: 56
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: wetherby.com
AUM (billions): $3.013
Accounts: 3,140
Employees: 56
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: wetherby.com
19. Symmetry Partners
Location: Glastonbury, Conn.
AUM (billions): $3.232
Accounts: 25,679
Employees: 70
Investment Advisors: 6-10
Custodian/ Clearing Firm: TD Ameritrade, Trust Company of America
Website: symmetrypartners.com
AUM (billions): $3.232
Accounts: 25,679
Employees: 70
Investment Advisors: 6-10
Custodian/ Clearing Firm: TD Ameritrade, Trust Company of America
Website: symmetrypartners.com
18. Fairpointe Capital
Location: Chicago
AUM (billions): $3.398
Accounts: 116
Employees: 11
Investment Advisors: 1-5
Custodian/ Clearing Firm: N/A
Website: fairpointecapital.com
AUM (billions): $3.398
Accounts: 116
Employees: 11
Investment Advisors: 1-5
Custodian/ Clearing Firm: N/A
Website: fairpointecapital.com
17. Cornerstone Investment Partners
Location: Atlanta
AUM (billions): $3.607
Accounts: 763
Employees: 18
Investment Advisors: 6-10
Custodian/ Clearing Firm: N/A
Website: cornerstone-ip.com
AUM (billions): $3.607
Accounts: 763
Employees: 18
Investment Advisors: 6-10
Custodian/ Clearing Firm: N/A
Website: cornerstone-ip.com
16. Ballentine Partners
Location: Waltham, Mass.
AUM (billions): $3.621
Accounts: 2,497
Employees: 30
Investment Advisors: 11-50
Custodian/ Clearing Firm: Fidelity, Schwab
Website: ballentinepartners.com
AUM (billions): $3.621
Accounts: 2,497
Employees: 30
Investment Advisors: 11-50
Custodian/ Clearing Firm: Fidelity, Schwab
Website: ballentinepartners.com
15. Baker Street Advisors
Location: San Francisco
AUM (billions): $3.621
Accounts: 990
Employees: 25
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab, Fidelity
Website: bakerstreetadvisors.com
AUM (billions): $3.621
Accounts: 990
Employees: 25
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab, Fidelity
Website: bakerstreetadvisors.com
14. Gresham Partners
Location: Chicago
AUM (billions): $3.664
Accounts: 1,289
Employees: 27
Investment Advisors: 6-10
Custodian/ Clearing Firm: Fidelity
Website: greshampartners.com
AUM (billions): $3.664
Accounts: 1,289
Employees: 27
Investment Advisors: 6-10
Custodian/ Clearing Firm: Fidelity
Website: greshampartners.com
13. Williams Jones & Associates
Location: New York
AUM (billions): $3.698
Accounts: 2,637
Employees: 25
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab
Website: williamsjones.com
AUM (billions): $3.698
Accounts: 2,637
Employees: 25
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab
Website: williamsjones.com
12. Fiduciary Counselling
Location: St Paul, Minn.
AUM (billions): $3.724
Accounts: 1,149
Employees: 72
Investment Advisors: 1-5
Custodian/ Clearing Firm: Schwab
Website: fidcouns.com
AUM (billions): $3.724
Accounts: 1,149
Employees: 72
Investment Advisors: 1-5
Custodian/ Clearing Firm: Schwab
Website: fidcouns.com
11. Klingenstein Fields & Co.
Location: New York
AUM (billions): $3.877
Accounts: 1,707
Employees: 35
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: klingenstein.com
AUM (billions): $3.877
Accounts: 1,707
Employees: 35
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: klingenstein.com
10. Mercer Global Advisors
Location: Santa Barbara, Calif.
AUM (billions): $3.880
Accounts: 14,559
Employees: 88
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab, TD Ameritrade
Website: merceradvisors.com
AUM (billions): $3.880
Accounts: 14,559
Employees: 88
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab, TD Ameritrade
Website: merceradvisors.com
9. Creative Planning
Location: Leawood, Kan.
AUM (billions): $4.569
Accounts: 13,599
Employees: 45
Investment Advisors: 11-50
Custodian/ Clearing Firm: TD Ameritrade, Schwab
Website: thinkingbeyond.com
AUM (billions): $4.569
Accounts: 13,599
Employees: 45
Investment Advisors: 11-50
Custodian/ Clearing Firm: TD Ameritrade, Schwab
Website: thinkingbeyond.com
8. Appleton Partners
Location: Boston
AUM (billions): $4.891
Accounts: 2,759
Employees: 31
Investment Advisors: 11-50
Custodian/ Clearing Firm: Fidelity
Website: appletonpartners.com
AUM (billions): $4.891
Accounts: 2,759
Employees: 31
Investment Advisors: 11-50
Custodian/ Clearing Firm: Fidelity
Website: appletonpartners.com
7. Luminous Capital
Location: Los Angeles
AUM (billions): $5.341
Accounts: 2,365
Employees: 29
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab, Fidelity
Website: luminouscap.com
AUM (billions): $5.341
Accounts: 2,365
Employees: 29
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab, Fidelity
Website: luminouscap.com
6. myCIO Wealth Partners
Location: Philadelphia
AUM (billions): $5.544
Accounts: 4,057
Employees: 29
Investment Advisors: 29
Custodian/ Clearing Firm: 11-50
Website: myciowp.com
AUM (billions): $5.544
Accounts: 4,057
Employees: 29
Investment Advisors: 29
Custodian/ Clearing Firm: 11-50
Website: myciowp.com
5. Everett Harris & Co.
Location: Los Angeles
AUM (billions): $5.568
Accounts: 1,201
Employees: 17
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab
Website: everettharris.com
AUM (billions): $5.568
Accounts: 1,201
Employees: 17
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab
Website: everettharris.com
4. Ronald Blue & Co.
Location: Atlanta
AUM (billions): $6.440
Accounts: 15,721
Employees: 281
Investment Advisors: 51-250
Custodian/ Clearing Firm: Schwab, Fidelity
Website: ronblue.com
AUM (billions): $6.440
Accounts: 15,721
Employees: 281
Investment Advisors: 51-250
Custodian/ Clearing Firm: Schwab, Fidelity
Website: ronblue.com
3. Aspiriant
Location: Los Angeles
AUM (billions): $6.767
Accounts: 5,122
Employees: 114
Investment Advisors: 51-250
Custodian/ Clearing Firm: Schwab
Website: aspiriant.com
AUM (billions): $6.767
Accounts: 5,122
Employees: 114
Investment Advisors: 51-250
Custodian/ Clearing Firm: Schwab
Website: aspiriant.com
2. Shepherd Kaplan
Location: Boston
AUM (billions): $7.735
Accounts: 1,485
Employees: 40
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab, Fidelity
Website: sk-llc.com
AUM (billions): $7.735
Accounts: 1,485
Employees: 40
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab, Fidelity
Website: sk-llc.com
1. Oxford Financial Group
Location: Carmel, Ind.
AUM (billions): $10.007
Accounts: 5,800
Employees: 120
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab, Fidelity
Website: ofgltd.com
AUM (billions): $10.007
Accounts: 5,800
Employees: 120
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab, Fidelity
Website: ofgltd.com
