# What is the size distribution of independent RIAs by AUM?

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
Address: https://advisoriq.com/ria/industry/aum-by-size/

## 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.

## 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.

## Sources

- SEC, Information About Registered Investment Advisers (ia100226.zip), checked 2026-10-02: https://www.sec.gov/files/investment/data/other/information-about-registered-investment-advisers-exempt-reporting-advisers/ia100226.zip
- IAPD compilation reports (IA_FIRM_STATE_Feed_10_09_2026.xml.gz), checked 2026-10-09: https://adviserinfo.sec.gov/compilation

## Related

- [How many independent RIAs are there?](https://advisoriq.com/ria/industry/how-many-rias/)
- [How concentrated is the independent RIA market?](https://advisoriq.com/ria/industry/concentration/)
- [Which states have the most independent RIAs?](https://advisoriq.com/ria/industry/by-state/)

## Cite as

AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/industry/aum-by-size/

License: https://advisoriq.com/license/