RIA Leaders With the Wealthiest Clients
March 31, 2014 8:12 AM
RIA Leaders With the Wealthiest Clients
Every RIA has its own client strategy -- some look to recruit as many clients as possible, some focus on specific niche professions or demographics, while still others are particularly selective, only taking on those with a certain level of assets. After publishing our third annual RIA Leaders cover story, we dove into the numbers to identify which of the top 100 have the wealthiest clientele. (We used strictly those independently operated fee-only RIAs that made our list, then divided their AUM by the number of client accounts to identify the 10 RIAs that serve the ultrawealthy.)
Click through to see who made the list, or check out the full list of 100 RIA Leaders. -- Kayan Lim; data courtesy of Financial Media Group/AdvisorDatabases.com
Click through to see who made the list, or check out the full list of 100 RIA Leaders. -- Kayan Lim; data courtesy of Financial Media Group/AdvisorDatabases.com
<b>1. Summit Rock Advisors
Location: New York
AUM (in billions): $7.985
Advisors: 18
Client Accounts: 64
$ Per Client: $124,765,625
AUM (in billions): $7.985
Advisors: 18
Client Accounts: 64
$ Per Client: $124,765,625
<b>2. Windrose Advisors
Location: Boston
AUM (in billions): $1.286
Investor Advisors: 13
Client Accounts: 14
$ Per Client: $91,862,549
AUM (in billions): $1.286
Investor Advisors: 13
Client Accounts: 14
$ Per Client: $91,862,549
<b>3. Mozaic
Location: Beverly Hills, Calif
AUM (in billions): $1.349
Advisors: 5
Client Accounts: 42
$ Per Client: $32,113,228
AUM (in billions): $1.349
Advisors: 5
Client Accounts: 42
$ Per Client: $32,113,228
<b>4. Advanced Capital Group
Location: Minneapolis
AUM (in billions): $7.130
Advisors: 10
Client Accounts: 325
$ Per Client: $21,937,602
AUM (in billions): $7.130
Advisors: 10
Client Accounts: 325
$ Per Client: $21,937,602
<b>5. Executive Monetary Management
Location: New York
AUM (in billions): $2.587
Advisors: 10
Client Accounts: 131
$ Per Client: $19,750,897
AUM (in billions): $2.587
Advisors: 10
Client Accounts: 131
$ Per Client: $19,750,897
<b>6. CM Wealth Advisors
Location: Cleveland
AUM (in billions): $2.054
Advisors: 7
Client Accounts: 127
$ Per Client: $16,175,980
AUM (in billions): $2.054
Advisors: 7
Client Accounts: 127
$ Per Client: $16,175,980
<b>7. Iron Capital Advsiors
Location: Atlanta
AUM (in billions): $2.633
Advisors: 4
Client Accounts: 202
$ Per Client: $13,034,404
AUM (in billions): $2.633
Advisors: 4
Client Accounts: 202
$ Per Client: $13,034,404
<b>8. Matter Family Office (Formerly Financial Management Partners)
Location: Clayton, MO
AUM (in billions): $2.183
Advisors: 13
Client Accounts: 169
$ Per Client: $12,915,435
AUM (in billions): $2.183
Advisors: 13
Client Accounts: 169
$ Per Client: $12,915,435
<b>9. First Endowment Development
Location: Houston
AUM (in billions): $1.886
Advisors: 8
Client Accounts: 150
$ Per Client: $12,572,414
AUM (in billions): $1.886
Advisors: 8
Client Accounts: 150
$ Per Client: $12,572,414
<b>10. The Bollard Group
Location: Boston
AUM (in billions): $2.296
Advisors: 17
Client Accounts: 204
$ Per Client: $11,255,799
AUM (in billions): $2.296
Advisors: 17
Client Accounts: 204
$ Per Client: $11,255,799
