{"type":"ria_research","disclaimer":"Firm-level data as reported on Form ADV to the SEC and state regulators; corrections are made on Form ADV and appear after the next monthly reload.","title":"What is the size distribution of independent RIAs by AUM?","lead":"As of October 2, 2026, most independent RIAs are small: 58.4% manage under $100 million, while 109 manage $10 billion and up.","as_of":"2026-10-02","facts":{"question":"What is the size distribution of independent RIAs by AUM?","answer":"As of October 2, 2026, most independent RIAs are small: 58.4% manage under $100 million, while 109 manage $10 billion and up.","variables":["Firms Under $100 million","Firms $100 million to $250 million","Firms $250 million to $500 million","Firms $500 million to $1 billion","Firms $1 billion to $5 billion","Firms $5 billion to $10 billion","Firms $10 billion and up"],"method":"Firms grouped by AUM (Form ADV Item 5.F(2)(c)) as reported in the latest filing, as of October 2, 2026; share is of independent wealth management RIAs reporting AUM above zero."},"sources":[{"url":"https://www.sec.gov/files/investment/data/other/information-about-registered-investment-advisers-exempt-reporting-advisers/ia100226.zip","checked":"2026-10-02","label":"SEC, Information About Registered Investment Advisers (ia100226.zip)"},{"url":"https://adviserinfo.sec.gov/compilation","checked":"2026-10-09","label":"IAPD compilation reports (IA_FIRM_STATE_Feed_10_09_2026.xml.gz)"}],"related":[{"title":"How many independent RIAs are there?","url":"https://advisoriq.com/ria/industry/how-many-rias/"},{"title":"How concentrated is the independent RIA market?","url":"https://advisoriq.com/ria/industry/concentration/"},{"title":"Which states have the most independent RIAs?","url":"https://advisoriq.com/ria/industry/by-state/"}],"notes":["Affiliated advisers can report the same assets on their own Form ADV, so totals here may double count across firms, as the SEC's own totals do."],"url":"https://advisoriq.com/ria/industry/aum-by-size/","citation":"AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/industry/aum-by-size/","license":"https://advisoriq.com/license/","publisher":"AdvisorIQ, independent education for financial advisors"}