# Independent RIAs in Arizona

As of October 2, 2026, 607 independent wealth management RIAs based in Arizona reported $112.1 billion in regulatory assets under management; the largest by assets was Foundations Investment Advisors LLC, with $10.1 billion.

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

## Facts

- state: Arizona
- code: AZ
- 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: 341656, firms: 607, median_raum: 50110728, raum: 112085565467, advisory_employees: 2188, avg_account: 328065.555608565, band_100m_250m: 85, band_100m_250m_raum: 13828578269, band_10b_plus: 1, band_10b_plus_raum: 10097715159, band_1b_5b: 18, band_1b_5b_raum: 30794759834, band_250m_500m: 48, band_250m_500m_raum: 17143253282, band_500m_1b: 11, band_500m_1b_raum: 7997974337, band_5b_10b: 4, band_5b_10b_raum: 22051917378, band_lt100m: 332, band_lt100m_raum: 10171367208, bd_affiliated_share: 0.0115321252059308, cfp_professionals: 559, clients: 167776, custody_share: 0.197693574958814, employees: 3077, fee_aum_pct_share: 0.927512355848435, fee_commissions_share: 0.00988467874794069, fee_fixed_share: 0.596375617792422, fee_hourly_share: 0.535420098846787, fee_other_share: 0.112026359143328, fee_performance_share: 0.057660626029654, fee_subscription_share: 0.0214168039538715, financial_planning_share: 0.787479406919275, firms_with_raum: 499, iars: 2312, mean_raum: 224620371.677355, new_firms: 71, p25_raum: 12502518, p75_raum: 153087278.5, p90_raum: 389141496, raum_discretionary: 107222763220, top100_share: 0.823128360914263, top10_share: 0.407173381486278, independent_sec: accounts: 301698, firms: 178, median_raum: 241523162, raum: 101775360598, advisory_employees: 1605, avg_account: 337341.847138529, band_100m_250m: 79, band_100m_250m_raum: 13204012689, band_10b_plus: 1, band_10b_plus_raum: 10097715159, band_1b_5b: 18, band_1b_5b_raum: 30794759834, band_250m_500m: 48, band_250m_500m_raum: 17143253282, band_500m_1b: 11, band_500m_1b_raum: 7997974337, band_5b_10b: 4, band_5b_10b_raum: 22051917378, band_lt100m: 9, band_lt100m_raum: 485727919, bd_affiliated_share: 0.0337078651685393, cfp_professionals: 401, clients: 142483, custody_share: 0.432584269662921, employees: 2394, fee_aum_pct_share: 0.98876404494382, fee_commissions_share: 0.00561797752808989, fee_fixed_share: 0.674157303370786, fee_hourly_share: 0.544943820224719, fee_other_share: 0.174157303370787, fee_performance_share: 0.0561797752808989, fee_subscription_share: 0.0280898876404494, financial_planning_share: 0.870786516853933, firms_with_raum: 170, iars: 1729, mean_raum: 598678591.752941, new_firms: 27, p25_raum: 150618267, p75_raum: 422493233, p90_raum: 1253950640.4, raum_discretionary: 97944506061, raum_growth_1y: 0.279943341970076, successions: 0, top100_share: 0.906514182243173, top10_share: 0.448421488647586, state: accounts: 39958, firms: 429, median_raum: 21279000, raum: 10310204869, advisory_employees: 583, avg_account: 258026.04907653, band_100m_250m: 6, band_100m_250m_raum: 624565580, 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: 323, band_lt100m_raum: 9685639289, bd_affiliated_share: 0.00233100233100233, cfp_professionals: 158, clients: 25293, custody_share: 0.1002331002331, employees: 683, fee_aum_pct_share: 0.902097902097902, fee_commissions_share: 0.0116550116550117, fee_fixed_share: 0.564102564102564, fee_hourly_share: 0.531468531468531, fee_other_share: 0.0862470862470862, fee_performance_share: 0.0582750582750583, fee_subscription_share: 0.0186480186480186, financial_planning_share: 0.752913752913753, firms_with_raum: 329, iars: 583, mean_raum: 31338008.7203647, new_firms: 44, p25_raum: 6000000, p75_raum: 50330473, p90_raum: 79763838.2, raum_discretionary: 9278257159, top100_share: 0.678407261821792, top10_share: 0.0981198112795716
- broker_dealer_affiliated_not_included: firms: 13, raum: 253237371575
- series: firms: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 94; as_of: 2019-10-01, value: 99; as_of: 2020-10-01, value: 102; as_of: 2021-10-04, value: 112; as_of: 2022-10-03, value: 114; as_of: 2023-10-05, value: 122; as_of: 2024-10-01, value: 130; as_of: 2025-09-02, value: 140; as_of: 2026-10-02, value: 178, raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 34125297160; as_of: 2019-10-01, value: 35202405756; as_of: 2020-10-01, value: 41554184998; as_of: 2021-10-04, value: 48174932111; as_of: 2022-10-03, value: 60708881866; as_of: 2023-10-05, value: 54519431445; as_of: 2024-10-01, value: 69082217387; as_of: 2025-09-02, value: 79515520149; as_of: 2026-10-02, value: 101775360598, accounts: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 100458; as_of: 2019-10-01, value: 112351; as_of: 2020-10-01, value: 130058; as_of: 2021-10-04, value: 170617; as_of: 2022-10-03, value: 224699; as_of: 2023-10-05, value: 199072; as_of: 2024-10-01, value: 241432; as_of: 2025-09-02, value: 245247; as_of: 2026-10-02, value: 301698, median_raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 223276354; as_of: 2019-10-01, value: 215993214; as_of: 2020-10-01, value: 217557294; as_of: 2021-10-04, value: 252453502; as_of: 2022-10-03, value: 257274346; as_of: 2023-10-05, value: 218226695; as_of: 2024-10-01, value: 254433297; as_of: 2025-09-02, value: 255286222; as_of: 2026-10-02, value: 241523162
- top_10: largest: rank: 1, crd: 175083, firm: Foundations Investment Advisors LLC, city: Phoenix, value: 10097715159; rank: 2, crd: 153902, firm: Ashton Thomas Private Wealth, city: Scottsdale, value: 6009474500; rank: 3, crd: 151367, firm: Dynamic, city: Phoenix, value: 5637328188; rank: 4, crd: 107373, firm: Tci Wealth Advisors, Inc., city: Tucson, value: 5368062519; rank: 5, crd: 159440, firm: Tfo Family Office Partners, city: Phoenix, value: 5037052171; rank: 6, crd: 173344, firm: PFG Advisors, city: Phoenix, value: 3261207528; rank: 7, crd: 109376, firm: Trek Financial, city: Scottsdale, value: 2824296229; rank: 8, crd: 158847, firm: Trajan Wealth, L.L.C., city: Scottsdale, value: 2601785971; rank: 9, crd: 334779, firm: Xcelsior Advisor Partners LLC, city: Scottsdale, value: 2510504102; rank: 10, crd: 151568, firm: Verus Capital Partners, LLC, city: Scottsdale, value: 2290832340, fastest-growing: rank: 1, crd: 325485, firm: Bridgeport Financial Solutions, city: Phoenix, value: 1.15971541494765; rank: 2, crd: 147351, firm: Arq Wealth Advisors, LLC, city: Scottsdale, value: 0.867464142168035; rank: 3, crd: 317615, firm: Fortitude Family Office, city: Scottsdale, value: 0.709968343254372; rank: 4, crd: 155676, firm: Kingdom Financial Group, LLC, city: Peoria, value: 0.529419691301145; rank: 5, crd: 298347, firm: Babb Wealth Advisors LLC, city: Flagstaff, value: 0.485987547348294; rank: 6, crd: 153902, firm: Ashton Thomas Private Wealth, city: Scottsdale, value: 0.483332375377201; rank: 7, crd: 290719, firm: Sharpepoint, LLC, city: Phoenix, value: 0.480485441046471; rank: 8, crd: 131692, firm: Versant Capital Management, Inc., city: Phoenix, value: 0.461359976482179; rank: 9, crd: 326261, firm: Luminvest Wealth Management LLC, city: Scottsdale, value: 0.412962068872351; rank: 10, crd: 284874, firm: Clarity Wealth Management, L.L.C., city: Gilbert, value: 0.412397600497585, fastest-growing-3-year: rank: 1, crd: 317615, firm: Fortitude Family Office, city: Scottsdale, value: 0.59866268124659; rank: 2, crd: 153902, firm: Ashton Thomas Private Wealth, city: Scottsdale, value: 0.442242486336403; rank: 3, crd: 147351, firm: Arq Wealth Advisors, LLC, city: Scottsdale, value: 0.423924751520501; rank: 4, crd: 287980, firm: AWM Capital, LLC, city: Phoenix, value: 0.409692592840816; rank: 5, crd: 164531, firm: Strategy Financial Group, city: Phoenix, value: 0.392605493266139; rank: 6, crd: 175083, firm: Foundations Investment Advisors LLC, city: Phoenix, value: 0.38998079587187; rank: 7, crd: 116798, firm: Eaton-Cambridge Inc., city: Phoenix, value: 0.362444242904031; rank: 8, crd: 158847, firm: Trajan Wealth, L.L.C., city: Scottsdale, value: 0.351846429042565; rank: 9, crd: 151568, firm: Verus Capital Partners, LLC, city: Scottsdale, value: 0.341837251056061; rank: 10, crd: 131458, firm: Watts Gwilliam & Company, LLC, city: Gilbert, value: 0.335817513309052, fastest-growing-5-year: rank: 1, crd: 153902, firm: Ashton Thomas Private Wealth, city: Scottsdale, value: 0.432999497692037; rank: 2, crd: 287980, firm: AWM Capital, LLC, city: Phoenix, value: 0.408786869584375; rank: 3, crd: 175083, firm: Foundations Investment Advisors LLC, city: Phoenix, value: 0.390053906395534; rank: 4, crd: 282329, firm: Balboa Wealth Partners, Inc., city: Scottsdale, value: 0.358280986451937; rank: 5, crd: 116069, firm: Harmony Asset Management LLC, city: Scottsdale, value: 0.335481666467489; rank: 6, crd: 158847, firm: Trajan Wealth, L.L.C., city: Scottsdale, value: 0.318176977686494; rank: 7, crd: 116798, firm: Eaton-Cambridge Inc., city: Phoenix, value: 0.294919673811322; rank: 8, crd: 164531, firm: Strategy Financial Group, city: Phoenix, value: 0.26627372582699; rank: 9, crd: 147351, firm: Arq Wealth Advisors, LLC, city: Scottsdale, value: 0.258125579105166; rank: 10, crd: 131458, firm: Watts Gwilliam & Company, LLC, city: Gilbert, value: 0.256592013899683, biggest-asset-gains: rank: 1, crd: 175083, firm: Foundations Investment Advisors LLC, city: Phoenix, value: 2913242871; rank: 2, crd: 334779, firm: Xcelsior Advisor Partners LLC, city: Scottsdale, value: 2360496876; rank: 3, crd: 153902, firm: Ashton Thomas Private Wealth, city: Scottsdale, value: 1958140760; rank: 4, crd: 159440, firm: Tfo Family Office Partners, city: Phoenix, value: 869568449; rank: 5, crd: 107373, firm: Tci Wealth Advisors, Inc., city: Tucson, value: 840878815; rank: 6, crd: 158847, firm: Trajan Wealth, L.L.C., city: Scottsdale, value: 632102775; rank: 7, crd: 131692, firm: Versant Capital Management, Inc., city: Phoenix, value: 571665414; rank: 8, crd: 147351, firm: Arq Wealth Advisors, LLC, city: Scottsdale, value: 563270527; rank: 9, crd: 325485, firm: Bridgeport Financial Solutions, city: Phoenix, value: 561891663; rank: 10, crd: 317615, firm: Fortitude Family Office, city: Scottsdale, value: 526553059, most-clients: rank: 1, crd: 175083, firm: Foundations Investment Advisors LLC, city: Phoenix, value: 29663; rank: 2, crd: 158847, firm: Trajan Wealth, L.L.C., city: Scottsdale, value: 10633; rank: 3, crd: 173344, firm: PFG Advisors, city: Phoenix, value: 7602; rank: 4, crd: 151367, firm: Dynamic, city: Phoenix, value: 5690; rank: 5, crd: 151568, firm: Verus Capital Partners, LLC, city: Scottsdale, value: 5642; rank: 6, crd: 109376, firm: Trek Financial, city: Scottsdale, value: 4688; rank: 7, crd: 316544, firm: Brookwood Investment Group, city: Phoenix, value: 3506; rank: 8, crd: 107373, firm: Tci Wealth Advisors, Inc., city: Tucson, value: 3287; rank: 9, crd: 153902, firm: Ashton Thomas Private Wealth, city: Scottsdale, value: 3229; rank: 10, crd: 289926, firm: Preston Investments, city: Kingman, value: 2528, client-growth: rank: 1, crd: 325721, firm: Amplify Financial, LLC, city: Scottsdale, value: 1.91090909090909; rank: 2, crd: 284874, firm: Clarity Wealth Management, L.L.C., city: Gilbert, value: 1.60773480662983; rank: 3, crd: 284148, firm: C2C Wealth Management, LLC, city: Scottsdale, value: 1.21917808219178; rank: 4, crd: 38747, firm: Greenberg Financial Group, city: Tucson, value: 1.13089005235602; rank: 5, crd: 323930, firm: Heritage Family Offices, LLP, city: Scottsdale, value: 1.04081632653061; rank: 6, crd: 134509, firm: Cole Wealth Management, LLC, city: Scottsdale, value: 1; rank: 7, crd: 289926, firm: Preston Investments, city: Kingman, value: 0.978090766823161; rank: 8, crd: 325485, firm: Bridgeport Financial Solutions, city: Phoenix, value: 0.933962264150943; rank: 9, crd: 167657, firm: Immaculate Wealth Management, LLC, city: Mesa, value: 0.628169014084507; rank: 10, crd: 317615, firm: Fortitude Family Office, city: Scottsdale, value: 0.482014388489209, most-accounts: rank: 1, crd: 175083, firm: Foundations Investment Advisors LLC, city: Phoenix, value: 63604; rank: 2, crd: 158847, firm: Trajan Wealth, L.L.C., city: Scottsdale, value: 18370; rank: 3, crd: 151367, firm: Dynamic, city: Phoenix, value: 15179; rank: 4, crd: 173344, firm: PFG Advisors, city: Phoenix, value: 13982; rank: 5, crd: 107373, firm: Tci Wealth Advisors, Inc., city: Tucson, value: 11863; rank: 6, crd: 109376, firm: Trek Financial, city: Scottsdale, value: 10768; rank: 7, crd: 153902, firm: Ashton Thomas Private Wealth, city: Scottsdale, value: 7879; rank: 8, crd: 151568, firm: Verus Capital Partners, LLC, city: Scottsdale, value: 7289; rank: 9, crd: 316544, firm: Brookwood Investment Group, city: Phoenix, value: 7129; rank: 10, crd: 334779, firm: Xcelsior Advisor Partners LLC, city: Scottsdale, value: 4746, most-advisory-staff: rank: 1, crd: 175083, firm: Foundations Investment Advisors LLC, city: Phoenix, value: 289; rank: 2, crd: 173344, firm: PFG Advisors, city: Phoenix, value: 86; rank: 3, crd: 151367, firm: Dynamic, city: Phoenix, value: 65; rank: 4, crd: 153902, firm: Ashton Thomas Private Wealth, city: Scottsdale, value: 63; rank: 5, crd: 109376, firm: Trek Financial, city: Scottsdale, value: 55; rank: 6, crd: 159440, firm: Tfo Family Office Partners, city: Phoenix, value: 47; rank: 7, crd: 158847, firm: Trajan Wealth, L.L.C., city: Scottsdale, value: 46; rank: 8, crd: 107373, firm: Tci Wealth Advisors, Inc., city: Tucson, value: 45; rank: 8, crd: 151568, firm: Verus Capital Partners, LLC, city: Scottsdale, value: 45; rank: 10, crd: 287980, firm: AWM Capital, LLC, city: Phoenix, value: 28, most-hnw-clients: rank: 1, crd: 175083, firm: Foundations Investment Advisors LLC, city: Phoenix, value: 6047; rank: 2, crd: 151367, firm: Dynamic, city: Phoenix, value: 1813; rank: 3, crd: 107373, firm: Tci Wealth Advisors, Inc., city: Tucson, value: 1290; rank: 4, crd: 153902, firm: Ashton Thomas Private Wealth, city: Scottsdale, value: 1198; rank: 5, crd: 158847, firm: Trajan Wealth, L.L.C., city: Scottsdale, value: 1035; rank: 6, crd: 173344, firm: PFG Advisors, city: Phoenix, value: 735; rank: 7, crd: 109376, firm: Trek Financial, city: Scottsdale, value: 670; rank: 8, crd: 325721, firm: Amplify Financial, LLC, city: Scottsdale, value: 584; rank: 9, crd: 131458, firm: Watts Gwilliam & Company, LLC, city: Gilbert, value: 458; rank: 10, crd: 153410, firm: Galvin, Gaustad & Stein, LLC, city: Scottsdale, value: 440, most-cfp-professionals: rank: 1, crd: 175083, firm: Foundations Investment Advisors LLC, city: Phoenix, value: 31; rank: 2, crd: 107373, firm: Tci Wealth Advisors, Inc., city: Tucson, value: 29; rank: 3, crd: 151367, firm: Dynamic, city: Phoenix, value: 22; rank: 4, crd: 153902, firm: Ashton Thomas Private Wealth, city: Scottsdale, value: 17; rank: 5, crd: 173344, firm: PFG Advisors, city: Phoenix, value: 15; rank: 6, crd: 114148, firm: Dew Wealth Management, city: Scottsdale, value: 14; rank: 7, crd: 159440, firm: Tfo Family Office Partners, city: Phoenix, value: 13; rank: 8, crd: 287980, firm: AWM Capital, LLC, city: Phoenix, value: 11; rank: 8, crd: 316544, firm: Brookwood Investment Group, city: Phoenix, value: 11; rank: 10, crd: 158641, firm: Sensible Money, LLC, city: Scottsdale, value: 10, newest: rank: 1, crd: 342120, firm: 345 Investment Advisory, LLC, city: Scottsdale, value: 295093396; rank: 2, crd: 339106, firm: Lilliano Capital Management LLC, city: Phoenix, value: 167882408; rank: 3, crd: 170536, firm: Wisdom Wealth Investment Advisors LLC, city: Phoenix, value: 138796319; rank: 4, crd: 322620, firm: Box Hill Private Wealth, city: Scottsdale, value: 137466560; rank: 5, crd: 316840, firm: Almega Wealth Management, city: Scottsdale, value: 134306196; rank: 6, crd: 337660, firm: Luminescent Wealth Management, Inc., city: Scottsdale, value: 127388083; rank: 7, crd: 307792, firm: Form Prosperity Wealth Advisors, LLC, city: Chandler, value: 118965694; rank: 8, crd: 313761, firm: Redeem Wealth Management, city: Gilbert, value: 118646328; rank: 9, crd: 154036, firm: Aton Advisors, LLC, city: Marana, value: 116366607; rank: 10, crd: 339660, firm: Schulz Financial Group, city: Tucson, value: 114881655
- cities: name: Scottsdale, independent_rias: 177, raum: 42633171875, url: https://advisoriq.com/ria/states/arizona/scottsdale/; name: Phoenix, independent_rias: 106, raum: 35390035846, url: https://advisoriq.com/ria/states/arizona/phoenix/; name: Tucson, independent_rias: 62, raum: 15346444878, url: https://advisoriq.com/ria/states/arizona/tucson/; name: Gilbert, independent_rias: 36, raum: 3524832866, url: https://advisoriq.com/ria/states/arizona/gilbert/; name: Tempe, independent_rias: 21, raum: 2629237445, url: https://advisoriq.com/ria/states/arizona/tempe/; name: Chandler, independent_rias: 27, raum: 2570689186, url: https://advisoriq.com/ria/states/arizona/chandler/; name: Mesa, independent_rias: 35, raum: 2430129414, url: https://advisoriq.com/ria/states/arizona/mesa/; name: Peoria, independent_rias: 14, raum: 1039610433, url: https://advisoriq.com/ria/states/arizona/peoria/; name: Flagstaff, independent_rias: 7, raum: 784471778, url: https://advisoriq.com/ria/states/arizona/flagstaff/; name: Surprise, independent_rias: 8, raum: 713576891, url: https://advisoriq.com/ria/states/arizona/surprise/; name: Prescott, independent_rias: 12, raum: 652089211, url: https://advisoriq.com/ria/states/arizona/prescott/; name: Fountain Hills, independent_rias: 8, raum: 643633643, url: https://advisoriq.com/ria/states/arizona/fountain-hills/; name: Glendale, independent_rias: 13, raum: 528032490, url: https://advisoriq.com/ria/states/arizona/glendale/; name: Cave Creek, independent_rias: 7, raum: 306544441, url: https://advisoriq.com/ria/states/arizona/cave-creek/; name: Paradise Valley, independent_rias: 8, raum: 205284085, url: https://advisoriq.com/ria/states/arizona/paradise-valley/; name: Marana, independent_rias: 6, raum: 170800840, url: https://advisoriq.com/ria/states/arizona/marana/
- 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 Arizona](https://advisoriq.com/ria/rankings/largest/arizona/)
- [Fastest-growing independent RIAs over one year in Arizona](https://advisoriq.com/ria/rankings/fastest-growing/arizona/)
- [Fastest-growing independent RIAs over three years in Arizona](https://advisoriq.com/ria/rankings/fastest-growing-3-year/arizona/)
- [Fastest-growing independent RIAs over five years in Arizona](https://advisoriq.com/ria/rankings/fastest-growing-5-year/arizona/)
- [IAR CE in Arizona](https://advisoriq.com/ce/iar/arizona/)

## Cite as

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

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