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Independent RIAs in Colorado

As of October 2, 2026, 746 independent wealth management RIAs based in Colorado reported $420.0 billion in regulatory assets under management; the largest by assets was Empower Advisory Group, LLC, with $195.4 billion.

Include wirehouses and broker-dealer firms

Independent wealth management RIAs
746
SEC-registered
255
State-registered
491
Regulatory assets under management
$420.0 billion
Client accounts
717,471
Median firm size
$64.2 million
Broker-dealer affiliated firms, not included
14, with $15.1 billion

Colorado requires IAR continuing education, in effect since 2024. Status from NASAA's IAR CE map, checked October 5, 2026. IAR CE in Colorado.

Top firms in Colorado

Largest independent RIAs by assets under management

Rank Firm City RAUM
1 Empower Advisory Group, LLC Greenwood Village $195.4 billion
2 Mercer Global Advisors Inc. Denver $84.4 billion
3 Elevation Point Wealth Partners, LLC Denver $8.3 billion
4 Aspen Grove Capital, LLC Avon $6.7 billion
5 Western Wealth Management LLC Golden $5.4 billion
6 JFG Family Office Denver $4.5 billion
7 GHP Investment Advisors Inc Denver $3.1 billion
8 Obermeyer Wealth Partners Aspen $3.0 billion
9 Summit Wealth Group Colorado Springs $2.3 billion
10 BSW Wealth Partners Boulder $2.2 billion

Top 100 in Colorado

Fastest-growing independent RIAs over one year

Rank Firm City Growth Starting value
1 Elevation Point Wealth Partners, LLC Denver 240.5% $2.4 billion
2 Buck Wealth Strategies, LLC Denver 190.6% $565.4 million
3 Integrity Investment Advisors Fort Collins 134.7% $168.0 million
4 BXM Wealth LLC Englewood 115.0% $107.6 million
5 Tandem Financial, LLC Greenwood Village 86.1% $291.2 million
6 Heirloom Wealth Management LLC Greenwood Village 80.5% $614.1 million
7 Uniting Wealth Partners Denver 71.6% $544.7 million
8 Summit Wealth Group Colorado Springs 70.3% $1.4 billion
9 Peak Investment Advisors, Inc. Colorado Springs 68.1% $139.6 million
10 Owl Creek Wealth Partners Greenwood Village 65.9% $363.0 million

Top 100 in Colorado

Fastest-growing independent RIAs over three years

Rank Firm City Growth Starting value
1 Maia Wealth Denver 65.8% $213.5 million
2 Elevation Point Wealth Partners, LLC Denver 64.5% $1.9 billion
3 Keystone Global Partners LLC Denver 54.7% $156.8 million
4 Integrity Investment Advisors Fort Collins 46.7% $124.8 million
5 Heirloom Wealth Management LLC Greenwood Village 46.5% $352.8 million
6 Peak Planning Group, LLC Centennial 45.5% $230.4 million
7 Varra Financial Louisville 41.9% $106.9 million
8 Jim Saulnier & Associates, LLC Fort Collins 39.4% $105.7 million
9 Wealth Watch Advisors, Inc Englewood 37.8% $234.2 million
10 Focused Alpha, LLC Greenwood Village 37.1% $257.5 million

Top 100 in Colorado

Fastest-growing independent RIAs over five years

Rank Firm City Growth Starting value
1 Maia Wealth Denver 54.8% $109.5 million
2 Elevation Point Wealth Partners, LLC Denver 39.0% $1.6 billion
3 Keystone Global Partners LLC Denver 37.4% $118.4 million
4 Heirloom Wealth Management LLC Greenwood Village 35.5% $242.5 million
5 Mercer Global Advisors Inc. Denver 33.5% $19.9 billion
6 Investment Management Associates Greenwood Village 30.6% $212.9 million
7 Wealth Watch Advisors, Inc Englewood 28.2% $177.0 million
8 Edgerock Wealth Management Denver 28.0% $168.8 million
9 Clear Creek Advisors Denver 27.9% $211.4 million
10 JFG Family Office Denver 27.6% $1.3 billion

Top 100 in Colorado

Independent RIAs with the biggest asset gains over one year

Rank Firm City Increase
1 Empower Advisory Group, LLC Greenwood Village $36.3 billion
2 Mercer Global Advisors Inc. Denver $24.1 billion
3 Elevation Point Wealth Partners, LLC Denver $5.9 billion
4 JFG Family Office Denver $1.8 billion
5 Western Wealth Management LLC Golden $1.4 billion
6 Buck Wealth Strategies, LLC Denver $1.1 billion
7 Crusonia Wealth Advisors LLC Denver $1.0 billion
8 Summit Wealth Group Colorado Springs $952.3 million
9 Aspen Grove Capital, LLC Avon $868.4 million
10 PCM Encore, LLC Aspen $810.1 million

Top 100 in Colorado

Independent RIAs with the most clients

Rank Firm City Most clients
1 Empower Advisory Group, LLC Greenwood Village 297,098
2 Mercer Global Advisors Inc. Denver 36,259
3 Western Wealth Management LLC Golden 11,292
4 Elevation Point Wealth Partners, LLC Denver 4,936
5 Wealth Watch Advisors, Inc Englewood 3,587
6 Summit Wealth Group Colorado Springs 3,117
7 Tucker Asset Management LLC Littleton 2,960
8 Buck Wealth Strategies, LLC Denver 2,948
9 First Affirmative Financial Network LLC Colorado Springs 2,335
10 Triumph Capital Management Denver 2,239

Top 100 in Colorado

Independent RIAs with the fastest client growth over one year

Rank Firm City Growth Starting value
1 Elevation Point Wealth Partners, LLC Denver 194.3% 1,677
2 Hoffmann Hermanson Denver 172.6% 146
3 Whipplewood Advisors, LLC Littleton 154.7% 148
4 Infinium Investment Advisors, LLC Denver 100.0% 114
5 Rigden Capital Strategies Englewood 83.4% 205
6 Uniting Wealth Partners Denver 62.0% 527
7 Legacy Wealth Partners, LLC Lakewood 57.0% 697
8 Tier One Wealth Management Lone Tree 48.6% 148
9 Tandem Financial, LLC Greenwood Village 46.5% 312
10 Outbound Financial Boulder 43.3% 171

Top 100 in Colorado

Independent RIAs with the most accounts

Rank Firm City Most accounts
1 Empower Advisory Group, LLC Greenwood Village 297,074
2 Mercer Global Advisors Inc. Denver 116,310
3 Elevation Point Wealth Partners, LLC Denver 19,386
4 Western Wealth Management LLC Golden 19,273
5 Summit Wealth Group Colorado Springs 8,632
6 Maia Wealth Denver 5,265
7 Buck Wealth Strategies, LLC Denver 5,193
8 GHP Investment Advisors Inc Denver 4,560
9 BSW Wealth Partners Boulder 3,876
10 Townsend Westminster 3,662

Top 100 in Colorado

Independent RIAs with the most advisory staff

Rank Firm City Most advisory staff
1 Empower Advisory Group, LLC Greenwood Village 6,138
2 Mercer Global Advisors Inc. Denver 632
3 Western Wealth Management LLC Golden 95
4 Tucker Asset Management LLC Littleton 69
5 Elevation Point Wealth Partners, LLC Denver 54
6 Wealth Watch Advisors, Inc Englewood 52
7 Buck Wealth Strategies, LLC Denver 39
8 Maia Wealth Denver 36
9 JFG Family Office Denver 35
10 Summit Wealth Group Colorado Springs 29

Top 100 in Colorado

Independent RIAs with the most high net worth clients

Rank Firm City Most high net worth clients
1 Empower Advisory Group, LLC Greenwood Village 20,524
2 Mercer Global Advisors Inc. Denver 18,398
3 Western Wealth Management LLC Golden 3,272
4 Elevation Point Wealth Partners, LLC Denver 1,599
5 First Affirmative Financial Network LLC Colorado Springs 1,280
6 Uniting Wealth Partners Denver 651
7 GHP Investment Advisors Inc Denver 605
8 Summit Wealth Group Colorado Springs 584
9 Gainline Financial Partners, LLC Louisville 581
10 Obermeyer Wealth Partners Aspen 570

Top 100 in Colorado

Independent RIAs with the most CFP professionals

Rank Firm City Most CFP professionals
1 Mercer Global Advisors Inc. Denver 470
2 Empower Advisory Group, LLC Greenwood Village 120
3 Western Wealth Management LLC Golden 26
4 Q3 Advisors, LLC Arvada 22
4 Summit Wealth Group Colorado Springs 22
6 Crusonia Wealth Advisors LLC Denver 14
7 Elevation Point Wealth Partners, LLC Denver 12
7 Maia Wealth Denver 12
9 BSW Wealth Partners Boulder 10
10 Sharkey Howes & Javer Inc Denver 9

Top 100 in Colorado

Newest independent RIAs

Rank Firm City Amount
1 Exceptional Wealth & Family Office Colorado Springs $292.2 million
2 WMK Investment Partners Denver $211.0 million
3 Quantitative Financial Strategies Denver $156.2 million
4 Horizon Wealth Denver $147.2 million
5 Trailwise Financial Partners, LLC Golden $144.8 million
6 Pulliam Family Office, LLC Crested Butte $141.7 million
7 Dorato Capital Management Denver $138.7 million
8 White Hawk Wealth Management Broomfield $131.2 million
9 Agemy Wealth Advisors, LLC Denver $130.5 million
10 Pearl Wealth LLC Boulder $129.9 million

Top 100 in Colorado

Over time

From the SEC's yearly files: SEC-registered independent RIAs based in Colorado, from October 2018, each snapshot classed from its own Form ADV answers.

FirmsSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
0100200300201820202021202320242026255October 1, 2018: 124October 1, 2019: 138October 1, 2020: 152October 4, 2021: 165October 3, 2022: 189October 5, 2023: 192October 1, 2024: 204September 2, 2025: 208October 2, 2026: 255
Data table
As ofFirms
October 1, 2018124
October 1, 2019138
October 1, 2020152
October 4, 2021165
October 3, 2022189
October 5, 2023192
October 1, 2024204
September 2, 2025208
October 2, 2026255
Regulatory assets under managementSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
$0$200B$400B$600B201820202021202320242026$408BOctober 1, 2018: $46.9 billionOctober 1, 2019: $58.3 billionOctober 1, 2020: $70.5 billionOctober 4, 2021: $84.0 billionOctober 3, 2022: $117.3 billionOctober 5, 2023: $234.1 billionOctober 1, 2024: $273.8 billionSeptember 2, 2025: $327.7 billionOctober 2, 2026: $407.6 billion
Data table
As ofRegulatory assets under management
October 1, 2018$46.9 billion
October 1, 2019$58.3 billion
October 1, 2020$70.5 billion
October 4, 2021$84.0 billion
October 3, 2022$117.3 billion
October 5, 2023$234.1 billion
October 1, 2024$273.8 billion
September 2, 2025$327.7 billion
October 2, 2026$407.6 billion
Client accountsSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
0200K400K600K800K201820202021202320242026674KOctober 1, 2018: 106,716October 1, 2019: 146,255October 1, 2020: 158,878October 4, 2021: 178,805October 3, 2022: 241,450October 5, 2023: 503,127October 1, 2024: 480,596September 2, 2025: 577,889October 2, 2026: 673,947
Data table
As ofClient accounts
October 1, 2018106,716
October 1, 2019146,255
October 1, 2020158,878
October 4, 2021178,805
October 3, 2022241,450
October 5, 2023503,127
October 1, 2024480,596
September 2, 2025577,889
October 2, 2026673,947
Median firm size (RAUM)SEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
$0$100M$200M$300M201820202021202320242026$236MOctober 1, 2018: $205.8 millionOctober 1, 2019: $196.5 millionOctober 1, 2020: $213.3 millionOctober 4, 2021: $217.8 millionOctober 3, 2022: $248.7 millionOctober 5, 2023: $231.8 millionOctober 1, 2024: $249.5 millionSeptember 2, 2025: $279.7 millionOctober 2, 2026: $235.9 million
Data table
As ofMedian firm size (RAUM)
October 1, 2018$205.8 million
October 1, 2019$196.5 million
October 1, 2020$213.3 million
October 4, 2021$217.8 million
October 3, 2022$248.7 million
October 5, 2023$231.8 million
October 1, 2024$249.5 million
September 2, 2025$279.7 million
October 2, 2026$235.9 million

The market in Colorado now

Headline figures

MeasureIndependent RIAsSEC-registeredState-registered
Firms746255491
Regulatory assets under management$420.0 billion$407.6 billion$12.5 billion
Accounts717,471673,94743,524
Clients467,664440,55427,110
Employees12,44911,686763
Advisory employees8,9088,254654
Investment adviser representatives4,9504,302648
Median RAUM$64.2 million$235.9 million$20.5 million
Average RAUM$658.4 million$1.6 billion$32.1 million

Firms by size

Advisers grouped by regulatory assets under management.

MeasureIndependent RIAsSEC-registeredState-registered
Firms under $100 million3848376
RAUM of firms under $100 million$11.6 billion$457.0 million$11.2 billion
Firms $100 million to $250 million13212012
RAUM of firms $100 million to $250 million$20.5 billion$19.2 billion$1.3 billion
Firms $250 million to $500 million50500
RAUM of firms $250 million to $500 million$16.9 billion$16.9 billion$0
Firms $500 million to $1 billion44440
RAUM of firms $500 million to $1 billion$30.4 billion$30.4 billion$0
Firms $1 billion to $5 billion23230
RAUM of firms $1 billion to $5 billion$40.4 billion$40.4 billion$0
Firms $5 billion to $10 billion330
RAUM of firms $5 billion to $10 billion$20.3 billion$20.3 billion$0
Firms $10 billion and up220
RAUM of firms $10 billion and up$279.8 billion$279.8 billion$0

Concentration

How much of the market the largest advisers hold.

Concentration: independent RIAsAs of October 2, 2026.
Top 10 share of RAUM 75.1%
Top 100 share of RAUM 90.9%
MeasureIndependent RIAsSEC-registeredState-registered
Top 10 share of RAUM75.1%77.4%8.7%
Top 100 share of RAUM90.9%93.6%63.7%

How advisers are paid

Share of advisers reporting each form of compensation on Form ADV Item 5.E. A firm can report several.

How advisers are paid: independent RIAsAs of October 2, 2026.
Charge a percentage of assets 91.0%
Charge hourly fees 49.3%
Charge subscription fees 0.7%
Charge fixed fees 62.5%
Receive commissions 2.4%
Charge performance-based fees 3.4%
Other compensation 5.8%
MeasureIndependent RIAsSEC-registeredState-registered
Charge a percentage of assets91.0%96.5%88.2%
Charge hourly fees49.3%50.6%48.7%
Charge subscription fees0.7%0.8%0.6%
Charge fixed fees62.5%72.2%57.4%
Receive commissions2.4%1.2%3.1%
Charge performance-based fees3.4%5.1%2.4%
Other compensation5.8%6.3%5.5%

Custody

Advisers reporting custody of client cash or securities on Form ADV Item 9.

MeasureIndependent RIAsSEC-registeredState-registered
Have custody23.3%56.9%5.9%

Broker-dealer and other affiliations

From Form ADV Items 6 and 7.

MeasureIndependent RIAsSEC-registeredState-registered
Broker-dealer affiliated0.5%1.6%0.0%

New firms and successions

New registrations and firms reporting that they succeeded to another adviser's business (Form ADV Item 4).

MeasureIndependent RIAsSEC-registeredState-registered
New registrations923557
SuccessionsNo data0No data

Other measures

MeasureIndependent RIAsSEC-registeredState-registered
Firms reporting RAUM638250388
Discretionary RAUM$372.8 billion$361.6 billion$11.2 billion
CFP professionals1,2701,088182
25th percentile RAUM$14.7 million$150.1 million$6.5 million
75th percentile RAUM$176.9 million$574.2 million$52.3 million
90th percentile RAUM$547.3 million$1.1 billion$86.9 million
Average account size$585,456$604,786$286,137
Offer financial planning80.3%88.6%76.0%
RAUM growth, one yearNo data24.4%No data

As of October 2, 2026. Definitions of every measure are on the methodology page.

Cities

Cities with at least five independent RIAs.

Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.