# Independent RIAs with the most clients in Arizona

As of October 2, 2026, Foundations Investment Advisors LLC ranked #1 in Arizona in AdvisorIQ's ranking of independent RIAs with the most clients, with 29,663.

As of: 2026-10-02
Address: https://advisoriq.com/ria/rankings/most-clients/arizona/

## Facts

- ranking: Independent RIAs with the most clients
- how_it_is_computed: Firms ranked by number of clients: the clients counted by type in Form ADV Item 5.D(a) to (n) plus clients for whom the firm has no RAUM (Item 5.C(1)), as reported in the latest filing in the data of October 2, 2026. Counts are approximate as firms report them; a client type marked "fewer than 5 clients" without a number adds nothing. SEC-registered and state-registered firms are both ranked. Independent wealth management RIAs are ranked: firms whose individual and high net worth clients hold at least half of their regulatory assets and that offer financial planning or portfolio management for individuals, leaving out broker-dealers, banks and their advisory arms. The all wealth firms view ranks the same way with those broker-dealer affiliated firms added. Asset managers, private fund managers, pension consultants and platform managers are never ranked (see the methodology). State lists use each firm's main office state, or its registration state when the main office is not public. The US list leaves out firms whose main office is outside the United States. Equal values share a rank and are listed by CRD number.
- unit: count
- scope: Arizona
- firms_listed: 101
- rows: rank: 1, crd: 175083, firm: Foundations Investment Advisors LLC, city: Phoenix, state: AZ, value: 29663, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/175083/; rank: 2, crd: 158847, firm: Trajan Wealth, L.L.C., city: Scottsdale, state: AZ, value: 10633, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/158847/; rank: 3, crd: 173344, firm: PFG Advisors, city: Phoenix, state: AZ, value: 7602, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/173344/; rank: 4, crd: 151367, firm: Dynamic, city: Phoenix, state: AZ, value: 5690, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/151367/; rank: 5, crd: 151568, firm: Verus Capital Partners, LLC, city: Scottsdale, state: AZ, value: 5642, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/151568/; rank: 6, crd: 109376, firm: Trek Financial, city: Scottsdale, state: AZ, value: 4688, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/109376/; rank: 7, crd: 316544, firm: Brookwood Investment Group, city: Phoenix, state: AZ, value: 3506, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/316544/; rank: 8, crd: 107373, firm: Tci Wealth Advisors, Inc., city: Tucson, state: AZ, value: 3287, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/107373/; rank: 9, crd: 153902, firm: Ashton Thomas Private Wealth, city: Scottsdale, state: AZ, value: 3229, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/153902/; rank: 10, crd: 289926, firm: Preston Investments, city: Kingman, state: AZ, value: 2528, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/289926/; rank: 11, crd: 108475, firm: Financial Directions LLC, city: Tucson, state: AZ, value: 2488, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/108475/; rank: 12, crd: 312685, firm: Southwest Investment Advisors, Inc., city: Tucson, state: AZ, value: 2323, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/312685/; rank: 13, crd: 112142, firm: Sem Wealth Management, city: Tucson, state: AZ, value: 1990, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/112142/; rank: 14, crd: 155676, firm: Kingdom Financial Group, LLC, city: Peoria, state: AZ, value: 1810, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/155676/; rank: 15, crd: 325721, firm: Amplify Financial, LLC, city: Scottsdale, state: AZ, value: 1601, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/325721/; rank: 16, crd: 172370, firm: GR Financial Group, LLC, city: Tucson, state: AZ, value: 1553, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/172370/; rank: 17, crd: 334779, firm: Xcelsior Advisor Partners LLC, city: Scottsdale, state: AZ, value: 1501, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/334779/; rank: 18, crd: 108818, firm: Total Investment Management, Inc., city: Scottsdale, state: AZ, value: 1186, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/108818/; rank: 19, crd: 310819, firm: CSP Financial Group LLC, city: Scottsdale, state: AZ, value: 1148, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/310819/; rank: 20, crd: 169566, firm: WT Wealth Management, LLC, city: Scottsdale, state: AZ, value: 1145, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/169566/; rank: 21, crd: 282329, firm: Balboa Wealth Partners, Inc., city: Scottsdale, state: AZ, value: 1127, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/282329/; rank: 22, crd: 164531, firm: Strategy Financial Group, city: Phoenix, state: AZ, value: 1051, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/164531/; rank: 23, crd: 325485, firm: Bridgeport Financial Solutions, city: Phoenix, state: AZ, value: 1025, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/325485/; rank: 24, crd: 113862, firm: Krueger Financial, city: Phoenix, state: AZ, value: 967, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/113862/; rank: 25, crd: 284874, firm: Clarity Wealth Management, L.L.C., city: Gilbert, state: AZ, value: 944, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/284874/; rank: 26, crd: 141195, firm: Secure Investment Management, LLC, city: Tucson, state: AZ, value: 942, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/141195/; rank: 27, crd: 342120, firm: 345 Investment Advisory, LLC, city: Scottsdale, state: AZ, value: 933, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/342120/; rank: 28, crd: 170181, firm: WJ Wealth Management, city: Glendale, state: AZ, value: 918, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/170181/; rank: 29, crd: 153410, firm: Galvin, Gaustad & Stein, LLC, city: Scottsdale, state: AZ, value: 857, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/153410/; rank: 30, crd: 291070, firm: Triton Wealth Management, PLLC, city: Sun City, state: AZ, value: 853, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/291070/; rank: 31, crd: 38747, firm: Greenberg Financial Group, city: Tucson, state: AZ, value: 814, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/38747/; rank: 32, crd: 309790, firm: Wealth Management Partners, LLC, city: Tucson, state: AZ, value: 799, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/309790/; rank: 33, crd: 170368, firm: Acute Investment Advisory, city: Mesa, state: AZ, value: 787, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/170368/; rank: 34, crd: 150148, firm: Nova Financial Services, city: Tucson, state: AZ, value: 738, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/150148/; rank: 35, crd: 152662, firm: Rovin Capital, city: Mesa, state: AZ, value: 730, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/152662/; rank: 36, crd: 282003, firm: Pinnacle Peak Private Client Group, LLC, city: Scottsdale, state: AZ, value: 708, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/282003/; rank: 37, crd: 153559, firm: Vora Wealth Management, PLLC, city: Flagstaff, state: AZ, value: 660, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/153559/; rank: 38, crd: 151004, firm: Ironwood Financial, LLC, city: Tucson, state: AZ, value: 625, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/151004/; rank: 39, crd: 323646, firm: Able Financial Group, LLC, city: Scottsdale, state: AZ, value: 624, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/323646/; rank: 40, crd: 147351, firm: Arq Wealth Advisors, LLC, city: Scottsdale, state: AZ, value: 605, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/147351/; rank: 41, crd: 306068, firm: Graystone Partners Wealth Management, LLC, city: Tempe, state: AZ, value: 586, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/306068/; rank: 42, crd: 167657, firm: Immaculate Wealth Management, LLC, city: Mesa, state: AZ, value: 578, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/167657/; rank: 43, crd: 334109, firm: Westmark Wealth Management, city: Phoenix, state: AZ, value: 575, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/334109/; rank: 44, crd: 168223, firm: Meixler Investment Management, Ltd., city: Show Low, state: AZ, value: 570, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/168223/; rank: 45, crd: 285314, firm: Spirit West Advisors, LLC, city: Scottsdale, state: AZ, value: 566, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/285314/; rank: 46, crd: 134509, firm: Cole Wealth Management, LLC, city: Scottsdale, state: AZ, value: 562, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/134509/; rank: 47, crd: 110623, firm: Ironwood Investment Counsel, LLC, city: Scottsdale, state: AZ, value: 554, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/110623/; rank: 48, crd: 116593, firm: Windsor Capital Management, LLC, city: Phoenix, state: AZ, value: 543, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/116593/; rank: 49, crd: 226708, firm: Bayntree Wealth Advisors, LLC, city: Scottsdale, state: AZ, value: 539, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/226708/; rank: 50, crd: 131692, firm: Versant Capital Management, Inc., city: Phoenix, state: AZ, value: 530, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/131692/; rank: 51, crd: 146931, firm: Retirement Evolutions Wealth Management LLC, city: Tucson, state: AZ, value: 518, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/146931/; rank: 52, crd: 131458, firm: Watts Gwilliam & Company, LLC, city: Gilbert, state: AZ, value: 514, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/131458/; rank: 53, crd: 288008, firm: Invicta Financial Group, city: Yuma, state: AZ, value: 508, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/288008/; rank: 54, crd: 281160, firm: Clarus Wealth Advisors, LLC, city: Peoria, state: AZ, value: 503, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/281160/; rank: 55, crd: 323930, firm: Heritage Family Offices, LLP, city: Scottsdale, state: AZ, value: 500, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/323930/; rank: 56, crd: 290719, firm: Sharpepoint, LLC, city: Phoenix, state: AZ, value: 491, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/290719/; rank: 57, crd: 316840, firm: Almega Wealth Management, city: Scottsdale, state: AZ, value: 490, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/316840/; rank: 58, crd: 145717, firm: Fleming Financial Services, city: Mesa, state: AZ, value: 488, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/145717/; rank: 59, crd: 166808, firm: Seros Wealth Partners, city: Gilbert, state: AZ, value: 467, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/166808/; rank: 59, crd: 287980, firm: AWM Capital, LLC, city: Phoenix, state: AZ, value: 467, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/287980/; rank: 61, crd: 200511, firm: Ironwood Wealth Management, LLC, city: Chandler, state: AZ, value: 463, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/200511/; rank: 62, crd: 298110, firm: Juncture Wealth Strategies, LLC, city: Scottsdale, state: AZ, value: 462, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/298110/; rank: 63, crd: 309563, firm: Endeavor Advisors LLC, city: Phoenix, state: AZ, value: 436, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/309563/; rank: 64, crd: 317615, firm: Fortitude Family Office, city: Scottsdale, state: AZ, value: 412, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/317615/; rank: 65, crd: 339106, firm: Lilliano Capital Management LLC, city: Phoenix, state: AZ, value: 409, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/339106/; rank: 66, crd: 294893, firm: Premiere Wealth Advisors, LLC, city: Tucson, state: AZ, value: 400, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/294893/; rank: 67, crd: 114380, firm: Comprehensive Physicians Retirement Investing, city: Phoenix, state: AZ, value: 393, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/114380/; rank: 68, crd: 311404, firm: Stonecrest Wealth Management, Inc, city: Chandler, state: AZ, value: 385, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/311404/; rank: 69, crd: 158641, firm: Sensible Money, LLC, city: Scottsdale, state: AZ, value: 381, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/158641/; rank: 70, crd: 305739, firm: Four Peaks Planning and Investments LLC, city: Gilbert, state: AZ, value: 376, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/305739/; rank: 71, crd: 132868, firm: Premier Southwest Planning Group, LLC, city: Scottsdale, state: AZ, value: 372, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/132868/; rank: 72, crd: 157950, firm: Embark Wealth Management, LLC, city: Tempe, state: AZ, value: 369, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/157950/; rank: 73, crd: 165839, firm: Strategic Income Group LLC, city: Chandler, state: AZ, value: 368, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/165839/; rank: 74, crd: 332433, firm: Martinsen Wealth Management, city: Tempe, state: AZ, value: 366, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/332433/; rank: 75, crd: 116771, firm: Heffernan Advisory, Inc., city: Flagstaff, state: AZ, value: 357, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/116771/; rank: 76, crd: 339660, firm: Schulz Financial Group, city: Tucson, state: AZ, value: 353, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/339660/; rank: 77, crd: 298257, firm: Capital Wealth Alliance, LLC, city: Scottsdale, state: AZ, value: 349, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/298257/; rank: 78, crd: 298347, firm: Babb Wealth Advisors LLC, city: Flagstaff, state: AZ, value: 347, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/298347/; rank: 79, crd: 105968, firm: Lane Brothers Investment Counsel, city: Prescott, state: AZ, value: 342, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/105968/; rank: 80, crd: 145943, firm: Bledsoe Asset Management, LLC, city: Phoenix, state: AZ, value: 341, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/145943/; rank: 81, crd: 130762, firm: Capital West Partners, LLC, city: Tucson, state: AZ, value: 339, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/130762/; rank: 82, crd: 308906, firm: AZ Legacy Wealth LLC, city: Glendale, state: AZ, value: 338, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/308906/; rank: 83, crd: 146054, firm: Key Group Management, Inc., city: Fountain Hills, state: AZ, value: 337, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/146054/; rank: 84, crd: 315763, firm: Stronghold Capital Partners LLC, city: Scottsdale, state: AZ, value: 334, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/315763/; rank: 85, crd: 307792, firm: Form Prosperity Wealth Advisors, LLC, city: Chandler, state: AZ, value: 326, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/307792/; rank: 86, crd: 284148, firm: C2C Wealth Management, LLC, city: Scottsdale, state: AZ, value: 324, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/284148/; rank: 87, crd: 285243, firm: Releve Financial Group, city: Scottsdale, state: AZ, value: 321, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/285243/; rank: 88, crd: 114148, firm: Dew Wealth Management, city: Scottsdale, state: AZ, value: 320, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/114148/; rank: 88, crd: 116933, firm: Sage Financial Advisors Inc., city: Scottsdale, state: AZ, value: 320, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/116933/; rank: 88, crd: 159440, firm: Tfo Family Office Partners, city: Phoenix, state: AZ, value: 320, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/159440/; rank: 91, crd: 288263, firm: Acrylic Financial, Inc., city: Fountain Hills, state: AZ, value: 317, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/288263/; rank: 92, crd: 128240, firm: Templeton Financial Services Inc., city: Chandler, state: AZ, value: 315, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/128240/; rank: 92, crd: 169792, firm: Dynamic Wealth Advisors, city: Surprise, state: AZ, value: 315, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/169792/; rank: 94, crd: 324410, firm: Blakely Walters Wealth Management, city: Scottsdale, state: AZ, value: 314, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/324410/; rank: 95, crd: 116798, firm: Eaton-Cambridge Inc., city: Phoenix, state: AZ, value: 311, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/116798/; rank: 95, crd: 172858, firm: Mathis Wealth Management, city: Phoenix, state: AZ, value: 311, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/172858/; rank: 97, crd: 157794, firm: Tandem Wealth Advisors, city: Phoenix, state: AZ, value: 310, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/157794/; rank: 98, crd: 326579, firm: Wiser Advisor Group, city: Phoenix, state: AZ, value: 308, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/326579/; rank: 99, crd: 151365, firm: Biltmore Wealth Management, LLC, city: Tempe, state: AZ, value: 307, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/151365/; rank: 100, crd: 158468, firm: Eps Wealth Management, city: Glendale, state: AZ, value: 304, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/158468/; rank: 100, crd: 325650, firm: Ensign Advisory Partners LLC, city: Gilbert, state: AZ, value: 304, base_value: not stated, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/325650/

## Notes

- Firms marked as successors reported on Form ADV Item 4 that they succeeded to another adviser's business; their growth is shown as reported.
- Each ranking lists at most the top 100 firms.

## Sources

- SEC, Information About Registered Investment Advisers (ia100226.zip), checked 2026-10-07: 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_07_2026.xml.gz), checked 2026-10-07: https://adviserinfo.sec.gov/compilation

## Related

- [Independent RIAs with the most clients, nationally](https://advisoriq.com/ria/rankings/most-clients/)
- [RIA market data for Arizona](https://advisoriq.com/ria/states/arizona/)
- [All RIA rankings](https://advisoriq.com/ria/rankings/)
- [How the directory is built](https://advisoriq.com/ria/methodology/)

## Cite as

AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/rankings/most-clients/arizona/

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