{"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":"How many independent RIAs are there?","lead":"As of October 2, 2026, there are 22,902 independent wealth management RIAs in the US: 8,687 SEC-registered and 14,215 state-registered.","as_of":"2026-10-02","facts":{"question":"How many independent RIAs are there?","answer":"As of October 2, 2026, there are 22,902 independent wealth management RIAs in the US: 8,687 SEC-registered and 14,215 state-registered.","variables":["Independent wealth management RIAs","SEC-registered","State-registered","AUM"],"method":"Independent wealth management RIAs: firms whose individual and high net worth clients hold at least half of their AUM and that offer financial planning or portfolio management for individuals, from Form ADV. Asset managers, broker-dealers and banks are not counted. Firm counts as of October 2, 2026."},"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":"What is the size distribution of independent RIAs by AUM?","url":"https://advisoriq.com/ria/industry/aum-by-size/"},{"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/how-many-rias/","citation":"AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/industry/how-many-rias/","license":"https://advisoriq.com/license/","publisher":"AdvisorIQ, independent education for financial advisors"}