# Independent RIAs in Iowa

As of October 2, 2026, 150 independent wealth management RIAs based in Iowa reported $33.5 billion in regulatory assets under management; the largest by assets was Foster Group, Inc., with $4.8 billion.

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

## Facts

- state: Iowa
- code: IA
- 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: 100087, firms: 150, median_raum: 120250000, raum: 33456657909, advisory_employees: 615, avg_account: 334275.759179514, band_100m_250m: 31, band_100m_250m_raum: 4831861757, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 5, band_1b_5b_raum: 12176302931, band_250m_500m: 22, band_250m_500m_raum: 7497117437, band_500m_1b: 11, band_500m_1b_raum: 7311082615, band_5b_10b: 0, band_5b_10b_raum: 0, band_lt100m: 54, band_lt100m_raum: 1640293169, bd_affiliated_share: 0.0133333333333333, cfp_professionals: 188, clients: 49157, custody_share: 0.326666666666667, employees: 893, fee_aum_pct_share: 0.906666666666667, fee_commissions_share: 0.0266666666666667, fee_fixed_share: 0.646666666666667, fee_hourly_share: 0.606666666666667, fee_other_share: 0.16, fee_performance_share: 0.0333333333333333, fee_subscription_share: 0.00666666666666667, financial_planning_share: 0.846666666666667, firms_with_raum: 123, iars: 671, mean_raum: 272005348.853659, new_firms: 13, p25_raum: 34296463, p75_raum: 279132206, p90_raum: 539530783.8, raum_discretionary: 32361215039, top100_share: 0.996260746565294, top10_share: 0.484890639499171, independent_sec: accounts: 91424, firms: 68, median_raum: 278297015, raum: 31403415722, advisory_employees: 505, avg_account: 343492.034061078, band_100m_250m: 27, band_100m_250m_raum: 4418912739, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 5, band_1b_5b_raum: 12176302931, band_250m_500m: 22, band_250m_500m_raum: 7497117437, band_500m_1b: 11, band_500m_1b_raum: 7311082615, band_5b_10b: 0, band_5b_10b_raum: 0, band_lt100m: 0, band_lt100m_raum: 0, bd_affiliated_share: 0.0294117647058824, cfp_professionals: 148, clients: 43846, custody_share: 0.558823529411765, employees: 750, fee_aum_pct_share: 0.985294117647059, fee_commissions_share: 0.0147058823529412, fee_fixed_share: 0.632352941176471, fee_hourly_share: 0.661764705882353, fee_other_share: 0.147058823529412, fee_performance_share: 0.0588235294117647, fee_subscription_share: 0, financial_planning_share: 0.838235294117647, firms_with_raum: 65, iars: 550, mean_raum: 483129472.646154, new_firms: 8, p25_raum: 164608704, p75_raum: 451119416, p90_raum: 895034051.4, raum_discretionary: 30454584822, raum_growth_1y: 0.0114170439499304, successions: 0, top10_share: 0.516594130798164, state: accounts: 8663, firms: 82, median_raum: 32161439.5, raum: 2053242187, advisory_employees: 110, avg_account: 237012.834699296, band_100m_250m: 4, band_100m_250m_raum: 412949018, 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: 54, band_lt100m_raum: 1640293169, bd_affiliated_share: 0, cfp_professionals: 40, clients: 5311, custody_share: 0.134146341463415, employees: 143, fee_aum_pct_share: 0.841463414634146, fee_commissions_share: 0.0365853658536585, fee_fixed_share: 0.658536585365854, fee_hourly_share: 0.560975609756098, fee_other_share: 0.170731707317073, fee_performance_share: 0.0121951219512195, fee_subscription_share: 0.0121951219512195, financial_planning_share: 0.853658536585366, firms_with_raum: 58, iars: 121, mean_raum: 35400727.362069, new_firms: 5, p25_raum: 7208062.75, p75_raum: 49389676.75, p90_raum: 84727214.5, raum_discretionary: 1906630217, top10_share: 0.443786890201862
- broker_dealer_affiliated_not_included: firms: 17, raum: 204529486247
- series: firms: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 36; as_of: 2019-10-01, value: 38; as_of: 2020-10-01, value: 41; as_of: 2021-10-04, value: 47; as_of: 2022-10-03, value: 54; as_of: 2023-10-05, value: 53; as_of: 2024-10-01, value: 51; as_of: 2025-09-02, value: 55; as_of: 2026-10-02, value: 68, raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 14776955931; as_of: 2019-10-01, value: 14342769072; as_of: 2020-10-01, value: 17569039176; as_of: 2021-10-04, value: 21310148005; as_of: 2022-10-03, value: 27015887697; as_of: 2023-10-05, value: 18858552963; as_of: 2024-10-01, value: 20206528500; as_of: 2025-09-02, value: 31048928738; as_of: 2026-10-02, value: 31403415722, accounts: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 56717; as_of: 2019-10-01, value: 56583; as_of: 2020-10-01, value: 59871; as_of: 2021-10-04, value: 71880; as_of: 2022-10-03, value: 80588; as_of: 2023-10-05, value: 69834; as_of: 2024-10-01, value: 69326; as_of: 2025-09-02, value: 89388; as_of: 2026-10-02, value: 91424, median_raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 172733042; as_of: 2019-10-01, value: 162443919.5; as_of: 2020-10-01, value: 206290748; as_of: 2021-10-04, value: 229811095.5; as_of: 2022-10-03, value: 261402490; as_of: 2023-10-05, value: 238059942; as_of: 2024-10-01, value: 282510545; as_of: 2025-09-02, value: 272937950.5; as_of: 2026-10-02, value: 278297015
- top_10: largest: rank: 1, crd: 107148, firm: Foster Group, Inc., city: West Des Moines, value: 4775514804; rank: 2, crd: 107097, firm: Steele Capital Management, Inc., city: Dubuque, value: 3547339793; rank: 3, crd: 283112, firm: Gilbert & Cook, Inc., city: West Des Moines, value: 1698122274; rank: 4, crd: 286201, firm: Accel Wealth Management, city: Waverly, value: 1147752700; rank: 5, crd: 154927, firm: Legacy Financial Group, city: Des Moines, value: 1007573360; rank: 6, crd: 109228, firm: Syverson Strege, city: West Des Moines, value: 910833028; rank: 7, crd: 145112, firm: DMKC Advisory Services, LLC, city: Des Moines, value: 902500171; rank: 8, crd: 289538, firm: Basepoint Wealth, LLC, city: Cedar Rapids, value: 883834872; rank: 9, crd: 147309, firm: Rda Financial Network, city: Akron, value: 675162330; rank: 10, crd: 142265, firm: West Financial Advisors, L.L.C., city: Des Moines, value: 674186917, fastest-growing: rank: 1, crd: 329748, firm: Friday Financial, city: Dubuque, value: 0.944501034988196; rank: 2, crd: 286316, firm: Beacon Capital, LLC, city: Cedar Rapids, value: 0.579100796117624; rank: 3, crd: 145112, firm: DMKC Advisory Services, LLC, city: Des Moines, value: 0.34967344705739; rank: 4, crd: 107148, firm: Foster Group, Inc., city: West Des Moines, value: 0.347873918578359; rank: 5, crd: 297942, firm: Merkle Retirement Planning, city: Grimes, value: 0.327336443133577; rank: 6, crd: 310466, firm: LSB Wealth Management, city: Ankeny, value: 0.322334897012078; rank: 7, crd: 283698, firm: Arnold and Mote Wealth Management, city: Hiawatha, value: 0.310821229200936; rank: 8, crd: 285303, firm: Paladin Wealth Partners, city: Clive, value: 0.310023999231611; rank: 9, crd: 282261, firm: Legacy Bridge Private Family Offices, city: West Des Moines, value: 0.306214944318493; rank: 10, crd: 146322, firm: Des Moines Investments, LLC, city: Des Moines, value: 0.294736842105263, fastest-growing-3-year: rank: 1, crd: 322974, firm: Vivid Wealth Management, LLC, city: West Des Moines, value: 0.320473218541206; rank: 2, crd: 297942, firm: Merkle Retirement Planning, city: Grimes, value: 0.297181461510553; rank: 3, crd: 286316, firm: Beacon Capital, LLC, city: Cedar Rapids, value: 0.281368092587813; rank: 4, crd: 169519, firm: Peterson Financial Group, Inc., city: Des Moines, value: 0.26291234531737; rank: 5, crd: 297712, firm: Wealthspan Partners, LLC, city: Davenport, value: 0.261839740866646; rank: 6, crd: 291648, firm: Wealth Advisors Group, LLC, city: Coralville, value: 0.247815403700891; rank: 7, crd: 145112, firm: DMKC Advisory Services, LLC, city: Des Moines, value: 0.236973952636802; rank: 8, crd: 287538, firm: Mokosak Advisory Group, LLC, city: Urbandale, value: 0.219312726849216; rank: 9, crd: 151569, firm: Nikulski Financial, Inc., city: Bettendorf, value: 0.212163098375745; rank: 10, crd: 286262, firm: Independent Wealth Network, Inc., city: Urbandale, value: 0.209710538765753, fastest-growing-5-year: rank: 1, crd: 289603, firm: Matheson & Rock Wealth Management, LLC, city: Davenport, value: 0.255351626601139; rank: 2, crd: 297942, firm: Merkle Retirement Planning, city: Grimes, value: 0.25011482233475; rank: 3, crd: 169519, firm: Peterson Financial Group, Inc., city: Des Moines, value: 0.222688629292214; rank: 4, crd: 297712, firm: Wealthspan Partners, LLC, city: Davenport, value: 0.194033092099887; rank: 5, crd: 286316, firm: Beacon Capital, LLC, city: Cedar Rapids, value: 0.193299413306584; rank: 6, crd: 146911, firm: Valiant Wealth, LLC, city: West Des Moines, value: 0.175330064860366; rank: 7, crd: 286262, firm: Independent Wealth Network, Inc., city: Urbandale, value: 0.16666849046031; rank: 8, crd: 283112, firm: Gilbert & Cook, Inc., city: West Des Moines, value: 0.164448016466827; rank: 9, crd: 115756, firm: Kane Company Wealth Management, Inc., city: Johnston, value: 0.162519946488252; rank: 10, crd: 288301, firm: AO Wealth Advisory, city: Urbandale, value: 0.162323506537563, biggest-asset-gains: rank: 1, crd: 107148, firm: Foster Group, Inc., city: West Des Moines, value: 1232516651; rank: 2, crd: 107097, firm: Steele Capital Management, Inc., city: Dubuque, value: 516713474; rank: 3, crd: 283112, firm: Gilbert & Cook, Inc., city: West Des Moines, value: 336546554; rank: 4, crd: 335555, firm: Oasis Advisors, city: Forest City, value: 277687094; rank: 5, crd: 145112, firm: DMKC Advisory Services, LLC, city: Des Moines, value: 233819778; rank: 6, crd: 329748, firm: Friday Financial, city: Dubuque, value: 198820648; rank: 7, crd: 286201, firm: Accel Wealth Management, city: Waverly, value: 173797443; rank: 8, crd: 154927, firm: Legacy Financial Group, city: Des Moines, value: 167172426; rank: 9, crd: 297942, firm: Merkle Retirement Planning, city: Grimes, value: 140279307; rank: 10, crd: 152566, firm: RIA Advisory Group, LLC, city: Des Moines, value: 111861459, most-clients: rank: 1, crd: 335555, firm: Oasis Advisors, city: Forest City, value: 5051; rank: 2, crd: 301990, firm: Aegis Wealth Management, Inc., city: Guthrie Center, value: 2350; rank: 3, crd: 107148, firm: Foster Group, Inc., city: West Des Moines, value: 2110; rank: 4, crd: 152566, firm: RIA Advisory Group, LLC, city: Des Moines, value: 1996; rank: 5, crd: 107097, firm: Steele Capital Management, Inc., city: Dubuque, value: 1644; rank: 6, crd: 147309, firm: Rda Financial Network, city: Akron, value: 1521; rank: 7, crd: 286262, firm: Independent Wealth Network, Inc., city: Urbandale, value: 1472; rank: 8, crd: 154927, firm: Legacy Financial Group, city: Des Moines, value: 1452; rank: 9, crd: 146322, firm: Des Moines Investments, LLC, city: Des Moines, value: 1400; rank: 10, crd: 286201, firm: Accel Wealth Management, city: Waverly, value: 1381, client-growth: rank: 1, crd: 329366, firm: Altitude Capital Management LLC, city: Des Moines, value: 0.654237288135593; rank: 2, crd: 329748, firm: Friday Financial, city: Dubuque, value: 0.651428571428571; rank: 3, crd: 301990, firm: Aegis Wealth Management, Inc., city: Guthrie Center, value: 0.527958387516255; rank: 4, crd: 146322, firm: Des Moines Investments, LLC, city: Des Moines, value: 0.272727272727273; rank: 5, crd: 152566, firm: RIA Advisory Group, LLC, city: Des Moines, value: 0.233621755253399; rank: 6, crd: 297942, firm: Merkle Retirement Planning, city: Grimes, value: 0.177829099307159; rank: 7, crd: 107148, firm: Foster Group, Inc., city: West Des Moines, value: 0.150490730643402; rank: 8, crd: 151569, firm: Nikulski Financial, Inc., city: Bettendorf, value: 0.138755980861244; rank: 9, crd: 313543, firm: TFP Management, LLC, city: Bettendorf, value: 0.133768352365416; rank: 10, crd: 115088, firm: Wealth Advisors of Iowa, LLC, city: West Des Moines, value: 0.133333333333333, most-accounts: rank: 1, crd: 107148, firm: Foster Group, Inc., city: West Des Moines, value: 7346; rank: 2, crd: 335555, firm: Oasis Advisors, city: Forest City, value: 5052; rank: 3, crd: 107097, firm: Steele Capital Management, Inc., city: Dubuque, value: 4418; rank: 4, crd: 154927, firm: Legacy Financial Group, city: Des Moines, value: 4146; rank: 5, crd: 283112, firm: Gilbert & Cook, Inc., city: West Des Moines, value: 3792; rank: 6, crd: 289538, firm: Basepoint Wealth, LLC, city: Cedar Rapids, value: 3715; rank: 7, crd: 152566, firm: RIA Advisory Group, LLC, city: Des Moines, value: 3228; rank: 8, crd: 297942, firm: Merkle Retirement Planning, city: Grimes, value: 2896; rank: 9, crd: 286262, firm: Independent Wealth Network, Inc., city: Urbandale, value: 2881; rank: 10, crd: 286201, firm: Accel Wealth Management, city: Waverly, value: 2819, most-advisory-staff: rank: 1, crd: 107148, firm: Foster Group, Inc., city: West Des Moines, value: 45; rank: 2, crd: 286262, firm: Independent Wealth Network, Inc., city: Urbandale, value: 30; rank: 3, crd: 301990, firm: Aegis Wealth Management, Inc., city: Guthrie Center, value: 27; rank: 4, crd: 329366, firm: Altitude Capital Management LLC, city: Des Moines, value: 26; rank: 5, crd: 152566, firm: RIA Advisory Group, LLC, city: Des Moines, value: 25; rank: 6, crd: 335555, firm: Oasis Advisors, city: Forest City, value: 22; rank: 7, crd: 342692, firm: Stackstone Wealth, LLC, city: Dubuque, value: 18; rank: 8, crd: 147309, firm: Rda Financial Network, city: Akron, value: 17; rank: 8, crd: 283112, firm: Gilbert & Cook, Inc., city: West Des Moines, value: 17; rank: 10, crd: 110953, firm: Bradford Financial Center, city: Clarion, value: 14, most-hnw-clients: rank: 1, crd: 107148, firm: Foster Group, Inc., city: West Des Moines, value: 715; rank: 2, crd: 107097, firm: Steele Capital Management, Inc., city: Dubuque, value: 582; rank: 3, crd: 283112, firm: Gilbert & Cook, Inc., city: West Des Moines, value: 421; rank: 4, crd: 109441, firm: Compass Financial Services, city: West Des Moines, value: 317; rank: 5, crd: 154927, firm: Legacy Financial Group, city: Des Moines, value: 314; rank: 6, crd: 109228, firm: Syverson Strege, city: West Des Moines, value: 296; rank: 7, crd: 297942, firm: Merkle Retirement Planning, city: Grimes, value: 287; rank: 8, crd: 286262, firm: Independent Wealth Network, Inc., city: Urbandale, value: 262; rank: 9, crd: 289538, firm: Basepoint Wealth, LLC, city: Cedar Rapids, value: 261; rank: 10, crd: 145112, firm: DMKC Advisory Services, LLC, city: Des Moines, value: 254, most-cfp-professionals: rank: 1, crd: 107148, firm: Foster Group, Inc., city: West Des Moines, value: 35; rank: 2, crd: 109228, firm: Syverson Strege, city: West Des Moines, value: 13; rank: 3, crd: 283112, firm: Gilbert & Cook, Inc., city: West Des Moines, value: 12; rank: 4, crd: 289538, firm: Basepoint Wealth, LLC, city: Cedar Rapids, value: 8; rank: 5, crd: 107097, firm: Steele Capital Management, Inc., city: Dubuque, value: 5; rank: 5, crd: 286262, firm: Independent Wealth Network, Inc., city: Urbandale, value: 5; rank: 5, crd: 329748, firm: Friday Financial, city: Dubuque, value: 5; rank: 5, crd: 342692, firm: Stackstone Wealth, LLC, city: Dubuque, value: 5; rank: 9, crd: 142265, firm: West Financial Advisors, L.L.C., city: Des Moines, value: 4; rank: 10, crd: 110953, firm: Bradford Financial Center, city: Clarion, value: 3, newest: rank: 1, crd: 334743, firm: Van Diest Capital, city: Polk City, value: 144104427; rank: 2, crd: 337964, firm: Lane Family Wealth Management, city: North Liberty, value: 142735811; rank: 3, crd: 284338, firm: BSC Capital Partners, LLC, city: West Des Moines, value: 125816727; rank: 4, crd: 333559, firm: Visionx Wealth Partners, city: Fort Dodge, value: 110238956; rank: 5, crd: 115849, firm: Taber Asset Management L.L.C., city: Des Moines, value: 110023313; rank: 6, crd: 338349, firm: Blackoak Advisors LLC, city: Des Moines, value: 0; rank: 6, crd: 338543, firm: DRG Financial, LLC, city: Clear Lake, value: 0; rank: 6, crd: 338682, firm: True Wealth, LLC, city: Carroll, value: 0; rank: 6, crd: 339077, firm: Apexedge LLC, city: Grimes, value: 0; rank: 6, crd: 342568, firm: Polson Wealth Management, city: Des Moines, value: 0
- cities: name: West Des Moines, independent_rias: 20, raum: 10756757821, url: https://advisoriq.com/ria/states/iowa/west-des-moines/; name: Des Moines, independent_rias: 18, raum: 4256847282, url: https://advisoriq.com/ria/states/iowa/des-moines/; name: Cedar Rapids, independent_rias: 13, raum: 1920546700, url: https://advisoriq.com/ria/states/iowa/cedar-rapids/; name: Urbandale, independent_rias: 12, raum: 1545177214, url: https://advisoriq.com/ria/states/iowa/urbandale/; name: Cedar Falls, independent_rias: 7, raum: 813603411, url: https://advisoriq.com/ria/states/iowa/cedar-falls/; name: Clive, independent_rias: 6, raum: 654434494, url: https://advisoriq.com/ria/states/iowa/clive/; name: Ankeny, independent_rias: 6, raum: 392879588, url: https://advisoriq.com/ria/states/iowa/ankeny/; name: Coralville, independent_rias: 5, raum: 314429684, url: https://advisoriq.com/ria/states/iowa/coralville/
- 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 Iowa](https://advisoriq.com/ria/rankings/largest/iowa/)
- [Fastest-growing independent RIAs over one year in Iowa](https://advisoriq.com/ria/rankings/fastest-growing/iowa/)
- [Fastest-growing independent RIAs over three years in Iowa](https://advisoriq.com/ria/rankings/fastest-growing-3-year/iowa/)
- [Fastest-growing independent RIAs over five years in Iowa](https://advisoriq.com/ria/rankings/fastest-growing-5-year/iowa/)
- [IAR CE in Iowa](https://advisoriq.com/ce/iar/iowa/)

## Cite as

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

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