# Independent RIAs in Alabama

As of October 2, 2026, 151 independent wealth management RIAs based in Alabama reported $94.3 billion in regulatory assets under management; the largest by assets was Waverly Advisors, LLC, with $29.9 billion.

As of: 2026-10-02
Address: https://advisoriq.com/ria/states/alabama/

## Facts

- state: Alabama
- code: AL
- population: Independent wealth management RIAs: 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. Asset managers, private fund managers and pension consultants are not in the directory.
- latest: independent: accounts: 172596, firms: 151, median_raum: 57390881, raum: 94275774779, advisory_employees: 968, avg_account: 546222.246048576, band_100m_250m: 16, band_100m_250m_raum: 2637483245, band_10b_plus: 2, band_10b_plus_raum: 44013629435, band_1b_5b: 7, band_1b_5b_raum: 17387767631, band_250m_500m: 19, band_250m_500m_raum: 7221033020, band_500m_1b: 11, band_500m_1b_raum: 7762972344, band_5b_10b: 2, band_5b_10b_raum: 13064837917, band_lt100m: 80, band_lt100m_raum: 2188051187, bd_affiliated_share: 0.00662251655629139, cfp_professionals: 357, clients: 85885, custody_share: 0.311258278145695, employees: 1655, fee_aum_pct_share: 0.966887417218543, fee_commissions_share: 0.00662251655629139, fee_fixed_share: 0.615894039735099, fee_hourly_share: 0.549668874172185, fee_other_share: 0.0463576158940397, fee_performance_share: 0.0397350993377483, fee_subscription_share: 0.0132450331125828, financial_planning_share: 0.754966887417219, firms_with_raum: 137, iars: 1058, mean_raum: 688144341.452555, new_firms: 17, p25_raum: 15601299, p75_raum: 339025322, p90_raum: 799007777.8, raum_discretionary: 85008238641, top100_share: 0.997141627702008, top10_share: 0.778789749616087, independent_sec: accounts: 164086, firms: 58, median_raum: 436719465.5, raum: 91879049876, advisory_employees: 848, avg_account: 559944.479577782, band_100m_250m: 14, band_100m_250m_raum: 2428780555, band_10b_plus: 2, band_10b_plus_raum: 44013629435, band_1b_5b: 7, band_1b_5b_raum: 17387767631, band_250m_500m: 19, band_250m_500m_raum: 7221033020, band_500m_1b: 11, band_500m_1b_raum: 7762972344, band_5b_10b: 2, band_5b_10b_raum: 13064837917, band_lt100m: 1, band_lt100m_raum: 28974, bd_affiliated_share: 0.0172413793103448, cfp_professionals: 324, clients: 80427, custody_share: 0.637931034482759, employees: 1506, fee_aum_pct_share: 0.982758620689655, fee_commissions_share: 0, fee_fixed_share: 0.741379310344828, fee_hourly_share: 0.568965517241379, fee_other_share: 0.0172413793103448, fee_performance_share: 0.0344827586206897, fee_subscription_share: 0, financial_planning_share: 0.793103448275862, firms_with_raum: 56, iars: 927, mean_raum: 1640697319.21429, new_firms: 5, p25_raum: 238845580.75, p75_raum: 797154058, p90_raum: 3471373300, raum_discretionary: 82900930651, raum_growth_1y: 0.405201100876649, successions: 0, top10_share: 0.799104987851845, state: accounts: 8510, firms: 93, median_raum: 20744159, raum: 2396724903, advisory_employees: 120, avg_account: 281636.298824912, band_100m_250m: 2, band_100m_250m_raum: 208702690, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 0, band_1b_5b_raum: 0, band_250m_500m: 0, band_250m_500m_raum: 0, band_500m_1b: 0, band_500m_1b_raum: 0, band_5b_10b: 0, band_5b_10b_raum: 0, band_lt100m: 79, band_lt100m_raum: 2188022213, bd_affiliated_share: 0, cfp_professionals: 33, clients: 5458, custody_share: 0.10752688172043, employees: 149, fee_aum_pct_share: 0.956989247311828, fee_commissions_share: 0.010752688172043, fee_fixed_share: 0.537634408602151, fee_hourly_share: 0.537634408602151, fee_other_share: 0.0645161290322581, fee_performance_share: 0.043010752688172, fee_subscription_share: 0.021505376344086, financial_planning_share: 0.731182795698925, firms_with_raum: 81, iars: 131, mean_raum: 29589196.3333333, new_firms: 12, p25_raum: 9500000, p75_raum: 44798739, p90_raum: 68425462, raum_discretionary: 2107307990, top10_share: 0.35067645516929
- broker_dealer_affiliated_not_included: firms: 8, raum: 12303400926
- series: firms: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 38; as_of: 2019-10-01, value: 38; as_of: 2020-10-01, value: 42; as_of: 2021-10-04, value: 46; as_of: 2022-10-03, value: 48; as_of: 2023-10-05, value: 50; as_of: 2024-10-01, value: 50; as_of: 2025-09-02, value: 52; as_of: 2026-10-02, value: 58, raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 18548181973; as_of: 2019-10-01, value: 18579285425; as_of: 2020-10-01, value: 17665748166; as_of: 2021-10-04, value: 28691005497; as_of: 2022-10-03, value: 42253711001; as_of: 2023-10-05, value: 44195075066; as_of: 2024-10-01, value: 49368176673; as_of: 2025-09-02, value: 65384982846; as_of: 2026-10-02, value: 91879049876, accounts: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 51573; as_of: 2019-10-01, value: 38153; as_of: 2020-10-01, value: 49113; as_of: 2021-10-04, value: 55315; as_of: 2022-10-03, value: 71008; as_of: 2023-10-05, value: 94509; as_of: 2024-10-01, value: 101364; as_of: 2025-09-02, value: 129947; as_of: 2026-10-02, value: 164086, median_raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 260641343; as_of: 2019-10-01, value: 257197766.5; as_of: 2020-10-01, value: 196940094; as_of: 2021-10-04, value: 233720210; as_of: 2022-10-03, value: 303103708.5; as_of: 2023-10-05, value: 319782580; as_of: 2024-10-01, value: 343935777; as_of: 2025-09-02, value: 368443788; as_of: 2026-10-02, value: 436719465.5
- top_10: largest: rank: 1, crd: 115332, firm: Waverly Advisors, LLC, city: Birmingham, value: 29872072116; rank: 2, crd: 167626, firm: Aptus Capital Advisors, LLC, city: Fairhope, value: 14141557319; rank: 3, crd: 158401, firm: RFG Advisory, LLC, city: Vestavia Hills, value: 7969008040; rank: 4, crd: 286340, firm: Eversource Wealth Advisors, LLC, city: Birmingham, value: 5095829877; rank: 5, crd: 111273, firm: The Welch Group, LLC, city: Birmingham, value: 3682452369; rank: 6, crd: 284549, firm: Oneascent Financial Services LLC, city: Birmingham, value: 3537993573; rank: 7, crd: 107890, firm: Leavell Investment Management, Inc., city: Mobile, value: 3404753027; rank: 8, crd: 138240, firm: Mitchell, McLeod, Pugh & Williams, Inc., city: Mobile, value: 2657582515; rank: 9, crd: 116091, firm: Jackson Thornton Wealth Management, LLC, city: Montgomery, value: 2009618834; rank: 10, crd: 142644, firm: Southern Financial Group, LLC, city: Birmingham, value: 1050139365, fastest-growing: rank: 1, crd: 115332, firm: Waverly Advisors, LLC, city: Birmingham, value: 0.851935428924895; rank: 2, crd: 158401, firm: RFG Advisory, LLC, city: Vestavia Hills, value: 0.614492504472459; rank: 3, crd: 128373, firm: Mainsail Asset Management, LLC, city: Birmingham, value: 0.45998419308544; rank: 4, crd: 167626, firm: Aptus Capital Advisors, LLC, city: Fairhope, value: 0.434785602414344; rank: 5, crd: 325465, firm: Blalock Williams, LLC, city: Alexander City, value: 0.376783925666851; rank: 6, crd: 155548, firm: Brown Financial Advisory, city: Fairhope, value: 0.361011012663556; rank: 7, crd: 284549, firm: Oneascent Financial Services LLC, city: Birmingham, value: 0.355058141244029; rank: 8, crd: 281915, firm: Cloud Investments, LLC, city: Huntsville, value: 0.347533159232355; rank: 9, crd: 119670, firm: BCR Wealth Strategies, city: Vestavia, value: 0.305727298602394; rank: 10, crd: 286340, firm: Eversource Wealth Advisors, LLC, city: Birmingham, value: 0.28868145188729, fastest-growing-3-year: rank: 1, crd: 284549, firm: Oneascent Financial Services LLC, city: Birmingham, value: 0.979077774819858; rank: 2, crd: 115332, firm: Waverly Advisors, LLC, city: Birmingham, value: 0.729355235278025; rank: 3, crd: 167626, firm: Aptus Capital Advisors, LLC, city: Fairhope, value: 0.493010635319476; rank: 4, crd: 304668, firm: Mayfair Advisory Group, LLC, city: Birmingham, value: 0.421937251789216; rank: 5, crd: 286340, firm: Eversource Wealth Advisors, LLC, city: Birmingham, value: 0.412617613884519; rank: 6, crd: 158401, firm: RFG Advisory, LLC, city: Vestavia Hills, value: 0.385411060695918; rank: 7, crd: 128373, firm: Mainsail Asset Management, LLC, city: Birmingham, value: 0.288128214981749; rank: 8, crd: 173770, firm: Navigate Wealth Management, LLC, city: Birmingham, value: 0.237693464822826; rank: 9, crd: 155548, firm: Brown Financial Advisory, city: Fairhope, value: 0.230917487918772; rank: 10, crd: 298292, firm: Tucker Financial Group, city: Montgomery, value: 0.226261566502117, fastest-growing-5-year: rank: 1, crd: 284549, firm: Oneascent Financial Services LLC, city: Birmingham, value: 0.748081489782963; rank: 2, crd: 286340, firm: Eversource Wealth Advisors, LLC, city: Birmingham, value: 0.703639465035123; rank: 3, crd: 115332, firm: Waverly Advisors, LLC, city: Birmingham, value: 0.554487436497094; rank: 4, crd: 167626, firm: Aptus Capital Advisors, LLC, city: Fairhope, value: 0.414852026712542; rank: 5, crd: 158401, firm: RFG Advisory, LLC, city: Vestavia Hills, value: 0.35185983820874; rank: 6, crd: 282792, firm: BMSS Wesson Wealth Solutions, city: Birmingham, value: 0.301018908954063; rank: 7, crd: 298838, firm: Truewealth Advisors, LLC, city: Hoover, value: 0.298674105386625; rank: 8, crd: 304668, firm: Mayfair Advisory Group, LLC, city: Birmingham, value: 0.279858121306822; rank: 9, crd: 128373, firm: Mainsail Asset Management, LLC, city: Birmingham, value: 0.213842727049777; rank: 10, crd: 118296, firm: JMF Capstone Wealth Management, city: Tuscaloosa, value: 0.181778882107638, biggest-asset-gains: rank: 1, crd: 115332, firm: Waverly Advisors, LLC, city: Birmingham, value: 13741881155; rank: 2, crd: 167626, firm: Aptus Capital Advisors, LLC, city: Fairhope, value: 4285340965; rank: 3, crd: 158401, firm: RFG Advisory, LLC, city: Vestavia Hills, value: 3033086679; rank: 4, crd: 286340, firm: Eversource Wealth Advisors, LLC, city: Birmingham, value: 1141532351; rank: 5, crd: 335291, firm: Marble Wealth, LLC, city: Montgomery, value: 1045227948; rank: 6, crd: 284549, firm: Oneascent Financial Services LLC, city: Birmingham, value: 927040238; rank: 7, crd: 335388, firm: Oakworth Asset Management, LLC, city: Birmingham, value: 846327168; rank: 8, crd: 111273, firm: The Welch Group, LLC, city: Birmingham, value: 470441504; rank: 9, crd: 107890, firm: Leavell Investment Management, Inc., city: Mobile, value: 437607874; rank: 10, crd: 138240, firm: Mitchell, McLeod, Pugh & Williams, Inc., city: Mobile, value: 390907575, most-clients: rank: 1, crd: 158401, firm: RFG Advisory, LLC, city: Vestavia Hills, value: 17422; rank: 2, crd: 115332, firm: Waverly Advisors, LLC, city: Birmingham, value: 13758; rank: 3, crd: 167626, firm: Aptus Capital Advisors, LLC, city: Fairhope, value: 12740; rank: 4, crd: 284549, firm: Oneascent Financial Services LLC, city: Birmingham, value: 5294; rank: 5, crd: 286340, firm: Eversource Wealth Advisors, LLC, city: Birmingham, value: 4389; rank: 6, crd: 107890, firm: Leavell Investment Management, Inc., city: Mobile, value: 3034; rank: 7, crd: 298292, firm: Tucker Financial Group, city: Montgomery, value: 2436; rank: 8, crd: 111273, firm: The Welch Group, LLC, city: Birmingham, value: 1450; rank: 9, crd: 142644, firm: Southern Financial Group, LLC, city: Birmingham, value: 1146; rank: 10, crd: 118896, firm: Meld Financial, Inc., city: Birmingham, value: 1130, client-growth: rank: 1, crd: 281915, firm: Cloud Investments, LLC, city: Huntsville, value: 1.22595078299776; rank: 2, crd: 325465, firm: Blalock Williams, LLC, city: Alexander City, value: 0.405128205128205; rank: 3, crd: 158401, firm: RFG Advisory, LLC, city: Vestavia Hills, value: 0.365360501567398; rank: 4, crd: 167626, firm: Aptus Capital Advisors, LLC, city: Fairhope, value: 0.357196122296793; rank: 5, crd: 115332, firm: Waverly Advisors, LLC, city: Birmingham, value: 0.35493401615127; rank: 6, crd: 310008, firm: Williams Financial Group, city: Mobile, value: 0.262955854126679; rank: 7, crd: 284549, firm: Oneascent Financial Services LLC, city: Birmingham, value: 0.259576492981204; rank: 8, crd: 298292, firm: Tucker Financial Group, city: Montgomery, value: 0.229061553985873; rank: 9, crd: 128373, firm: Mainsail Asset Management, LLC, city: Birmingham, value: 0.228758169934641; rank: 10, crd: 297598, firm: Magnolia Wealth Management LLC, city: Dothan, value: 0.214511041009464, most-accounts: rank: 1, crd: 115332, firm: Waverly Advisors, LLC, city: Birmingham, value: 35709; rank: 2, crd: 158401, firm: RFG Advisory, LLC, city: Vestavia Hills, value: 29833; rank: 3, crd: 284549, firm: Oneascent Financial Services LLC, city: Birmingham, value: 16009; rank: 4, crd: 286340, firm: Eversource Wealth Advisors, LLC, city: Birmingham, value: 13689; rank: 5, crd: 167626, firm: Aptus Capital Advisors, LLC, city: Fairhope, value: 12707; rank: 6, crd: 111273, firm: The Welch Group, LLC, city: Birmingham, value: 4528; rank: 7, crd: 298292, firm: Tucker Financial Group, city: Montgomery, value: 3950; rank: 8, crd: 107890, firm: Leavell Investment Management, Inc., city: Mobile, value: 3023; rank: 9, crd: 308057, firm: Oneascent Wealth Management, city: Birmingham, value: 2616; rank: 10, crd: 142644, firm: Southern Financial Group, LLC, city: Birmingham, value: 2597, most-advisory-staff: rank: 1, crd: 115332, firm: Waverly Advisors, LLC, city: Birmingham, value: 197; rank: 2, crd: 158401, firm: RFG Advisory, LLC, city: Vestavia Hills, value: 178; rank: 3, crd: 286340, firm: Eversource Wealth Advisors, LLC, city: Birmingham, value: 76; rank: 4, crd: 284549, firm: Oneascent Financial Services LLC, city: Birmingham, value: 74; rank: 5, crd: 111273, firm: The Welch Group, LLC, city: Birmingham, value: 26; rank: 5, crd: 167626, firm: Aptus Capital Advisors, LLC, city: Fairhope, value: 26; rank: 7, crd: 107890, firm: Leavell Investment Management, Inc., city: Mobile, value: 24; rank: 8, crd: 335388, firm: Oakworth Asset Management, LLC, city: Birmingham, value: 19; rank: 9, crd: 298838, firm: Truewealth Advisors, LLC, city: Hoover, value: 13; rank: 10, crd: 308057, firm: Oneascent Wealth Management, city: Birmingham, value: 12, most-hnw-clients: rank: 1, crd: 115332, firm: Waverly Advisors, LLC, city: Birmingham, value: 4302; rank: 2, crd: 167626, firm: Aptus Capital Advisors, LLC, city: Fairhope, value: 2358; rank: 3, crd: 286340, firm: Eversource Wealth Advisors, LLC, city: Birmingham, value: 1540; rank: 4, crd: 158401, firm: RFG Advisory, LLC, city: Vestavia Hills, value: 1256; rank: 5, crd: 284549, firm: Oneascent Financial Services LLC, city: Birmingham, value: 804; rank: 6, crd: 111273, firm: The Welch Group, LLC, city: Birmingham, value: 690; rank: 7, crd: 107890, firm: Leavell Investment Management, Inc., city: Mobile, value: 536; rank: 8, crd: 138240, firm: Mitchell, McLeod, Pugh & Williams, Inc., city: Mobile, value: 397; rank: 9, crd: 116091, firm: Jackson Thornton Wealth Management, LLC, city: Montgomery, value: 355; rank: 10, crd: 142644, firm: Southern Financial Group, LLC, city: Birmingham, value: 352, most-cfp-professionals: rank: 1, crd: 115332, firm: Waverly Advisors, LLC, city: Birmingham, value: 81; rank: 2, crd: 158401, firm: RFG Advisory, LLC, city: Vestavia Hills, value: 60; rank: 3, crd: 284549, firm: Oneascent Financial Services LLC, city: Birmingham, value: 27; rank: 4, crd: 111273, firm: The Welch Group, LLC, city: Birmingham, value: 25; rank: 4, crd: 286340, firm: Eversource Wealth Advisors, LLC, city: Birmingham, value: 25; rank: 6, crd: 335388, firm: Oakworth Asset Management, LLC, city: Birmingham, value: 8; rank: 7, crd: 107890, firm: Leavell Investment Management, Inc., city: Mobile, value: 6; rank: 7, crd: 282792, firm: BMSS Wesson Wealth Solutions, city: Birmingham, value: 6; rank: 9, crd: 118896, firm: Meld Financial, Inc., city: Birmingham, value: 5; rank: 9, crd: 122683, firm: Kassouf Wealth Advisors, LLC, city: Birmingham, value: 5, newest: rank: 1, crd: 336722, firm: Axient Investment Advisors LLC, city: Huntsville, value: 453990661; rank: 2, crd: 339108, firm: Naviant Partners, LLC, city: Fairhope, value: 177252204; rank: 3, crd: 332590, firm: Infinity Tax & Financial Planning, city: Huntsville, value: 100020965; rank: 4, crd: 123020, firm: Clark Planning & Investment Advisory, city: Birmingham, value: 10663289; rank: 5, crd: 277104, firm: Capstone Global Advisors, LLC, city: Wedowee, value: 9739707; rank: 6, crd: 337727, firm: Still Waters Investment Strategies LLC, city: Birmingham, value: 2257618; rank: 7, crd: 318490, firm: Retirement Plans, LLC, city: Auburn, value: 1700000; rank: 8, crd: 340870, firm: Legacy Capital Partners LLC, city: Birmingham, value: 920000; rank: 9, crd: 339329, firm: Aston Sandel, city: Auburn, value: 579985; rank: 10, crd: 338778, firm: Cork Tree Wealth Partners, LLC, city: Auburn, value: 0
- cities: name: Birmingham, independent_rias: 45, raum: 53040387174, url: https://advisoriq.com/ria/states/alabama/birmingham/; name: Fairhope, independent_rias: 11, raum: 15443796739, url: https://advisoriq.com/ria/states/alabama/fairhope/; name: Vestavia Hills, independent_rias: 5, raum: 8949414614, url: https://advisoriq.com/ria/states/alabama/vestavia-hills/; name: Mobile, independent_rias: 12, raum: 7285771307, url: https://advisoriq.com/ria/states/alabama/mobile/; name: Montgomery, independent_rias: 7, raum: 3897378999, url: https://advisoriq.com/ria/states/alabama/montgomery/; name: Huntsville, independent_rias: 18, raum: 1501149926, url: https://advisoriq.com/ria/states/alabama/huntsville/; name: Hoover, independent_rias: 6, raum: 960477325, url: https://advisoriq.com/ria/states/alabama/hoover/
- iar_ce_status: not adopted

## Notes

- Firms are placed in the state of their main office.
- History covers SEC-registered firms only, from October 2018.

## 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
- NASAA IAR CE map, checked 2026-10-05: https://www.nasaa.org/industry-resources/investment-advisers/investment-adviser-representative-continuing-education/iar-ce-map/

## Related

- [RIA market data by state](https://advisoriq.com/ria/states/)
- [Largest independent RIAs by assets under management in Alabama](https://advisoriq.com/ria/rankings/largest/alabama/)
- [Fastest-growing independent RIAs over one year in Alabama](https://advisoriq.com/ria/rankings/fastest-growing/alabama/)
- [Fastest-growing independent RIAs over three years in Alabama](https://advisoriq.com/ria/rankings/fastest-growing-3-year/alabama/)
- [Fastest-growing independent RIAs over five years in Alabama](https://advisoriq.com/ria/rankings/fastest-growing-5-year/alabama/)
- [IAR CE in Alabama](https://advisoriq.com/ce/iar/alabama/)

## Cite as

AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/states/alabama/

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