State market data

Wealth management firms in Kentucky

As of October 2, 2026, 152 wealth management firms, including broker-dealer firms, based in Kentucky reported $48.0 billion in regulatory assets under management; the largest by assets was Meridian Wealth Management, LLC, with $5.0 billion.

Showing all wealth firms, including wirehouses and broker-dealer firms. Independent RIAs only

Wealth management firms: 152
SEC-registered: 69
State-registered: 83
Regulatory assets under management: $48.0 billion
Client accounts: 127,753
Median firm size: $89.9 million
Of which broker-dealer affiliated: 4, with $2.5 billion

Kentucky requires IAR continuing education, in effect since 2023. Status from NASAA's IAR CE map, checked October 5, 2026. IAR CE in Kentucky.

Top firms in Kentucky

Largest wealth firms by assets under management, including broker-dealer firms

Largest wealth firms by assets under management, including broker-dealer firms in Kentucky, top 10
Rank	Firm	City	RAUM
1	Meridian Wealth Management, LLC	Lexington	$5.0 billion
2	MCF Advisors, LLC	Lexington	$4.7 billion
3	Keystone Financial Group, LLC	Lexington	$2.3 billion
4	E. S. Barr & Company	Lexington	$2.2 billion
5	Journey Advisory Group, LLC	Covington	$1.7 billion
6	The Gleason Group, Inc.	Prospect	$1.6 billion
7	Legacy Financial Advisors, Inc.	Covington	$1.5 billion
8	Strategic Wealth Investment Group, LLC	Louisville	$1.4 billion
9	Private Client Services, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Louisville	$1.4 billion
10	Barlow Wealth Partners, LLC	Louisville	$1.4 billion

Top 100 in Kentucky

Fastest-growing wealth firms over one year, including broker-dealer firms

Fastest-growing wealth firms over one year, including broker-dealer firms in Kentucky, top 10
Rank	Firm	City	Growth	Starting value
1	Churchill Financial Advisors, LLC	Louisville	114.5%	$243.8 million
2	Spectrum Financial Alliance, Ltd., L.L.C.	Nicholasville	100.2%	$406.1 million
3	Castellan	Louisville	77.8%	$496.1 million
4	LFG Wealth Partners, LLC	Elizabethtown	70.2%	$112.0 million
5	The Gleason Group, Inc.	Prospect	65.2%	$973.9 million
6	Demeter Tactical Investments Corp.	Prospect	43.4%	$185.0 million
7	KPP Advisory Services LLC	Louisville	42.0%	$874.3 million
8	MCF Advisors, LLC	Lexington	40.7%	$3.3 billion
9	FWG Investments, LLC	Lexington	39.6%	$250.1 million
10	Owen Larue Financial Group	Elizabethtown	33.7%	$343.1 million

Top 100 in Kentucky

Fastest-growing wealth firms over three years, including broker-dealer firms

Fastest-growing wealth firms over three years, including broker-dealer firms in Kentucky, top 10
Rank	Firm	City	Growth	Starting value
1	Spectrum Financial Alliance, Ltd., L.L.C.	Nicholasville	52.8%	$227.9 million
2	Castellan	Louisville	38.7%	$330.9 million
3	Wrenne Financial Planning LLC	Lexington	38.2%	$113.0 million
4	The Gleason Group, Inc.	Prospect	37.7%	$615.8 million
5	Paragon Private Wealth Management LLC	Lexington	35.3%	$184.8 million
6	Meridian Wealth Management, LLC	Lexington	34.1%	$2.1 billion
7	Retirement Planning Solutions, LLC	Louisville	33.8%	$194.8 million
8	Family Wealth Planning Partners	Louisville	30.6%	$142.3 million
9	Strategic Wealth Investment Group, LLC	Louisville	30.2%	$627.8 million
10	Private Client Services, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Louisville	27.8%	$663.1 million

Top 100 in Kentucky

Fastest-growing wealth firms over five years, including broker-dealer firms

Fastest-growing wealth firms over five years, including broker-dealer firms in Kentucky, top 10
Rank	Firm	City	Growth	Starting value
1	Castellan	Louisville	42.5%	$150.2 million
2	Retirement Planning Solutions, LLC	Louisville	31.4%	$119.2 million
3	Strategic Wealth Investment Group, LLC	Louisville	29.6%	$378.0 million
4	Meridian Wealth Management, LLC	Lexington	27.7%	$1.5 billion
5	The Gleason Group, Inc.	Prospect	26.9%	$489.3 million
6	Spectrum Financial Alliance, Ltd., L.L.C.	Nicholasville	25.6%	$260.5 million
7	Private Client Services, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Louisville	24.9%	$455.3 million
8	Tony Walker Financial	Bowling Green	24.0%	$127.4 million
9	KPP Advisory Services LLC	Louisville	23.4%	$433.8 million
10	Paragon Private Wealth Management LLC	Lexington	23.4%	$160.2 million

Top 100 in Kentucky

Wealth firms with the biggest asset gains over one year, including broker-dealer firms

Wealth firms with the biggest asset gains over one year, including broker-dealer firms in Kentucky, top 10
Rank	Firm	City	Increase
1	MCF Advisors, LLC	Lexington	$1.4 billion
2	Meridian Wealth Management, LLC	Lexington	$1.1 billion
3	The Gleason Group, Inc.	Prospect	$635.1 million
4	Keystone Financial Group, LLC	Lexington	$479.3 million
5	Spectrum Financial Alliance, Ltd., L.L.C.	Nicholasville	$406.9 million
6	Castellan	Louisville	$386.1 million
7	KPP Advisory Services LLC	Louisville	$366.8 million
8	Private Client Services, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Louisville	$331.8 million
9	Churchill Financial Advisors, LLC	Louisville	$279.1 million
10	Strategic Wealth Investment Group, LLC	Louisville	$273.3 million

Top 100 in Kentucky

Wealth firms with the most clients, including broker-dealer firms

Wealth firms with the most clients, including broker-dealer firms in Kentucky, top 10
Rank	Firm	City	Most clients
1	Private Client Services, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Louisville	8,785
2	Keystone Financial Group, LLC	Lexington	6,628
3	Meridian Wealth Management, LLC	Lexington	5,584
4	KPP Advisory Services LLC	Louisville	3,995
5	Strategic Wealth Investment Group, LLC	Louisville	3,903
6	MCF Advisors, LLC	Lexington	3,541
7	Magnate Advisory Services, LLC	Louisville	3,152
8	Tony Walker Financial	Bowling Green	2,078
9	FWG Investments, LLC	Lexington	2,057
10	Reliant Wealth Planning, LLC	Louisville	1,701

Top 100 in Kentucky

Wealth firms with the fastest client growth over one year, including broker-dealer firms

Wealth firms with the fastest client growth over one year, including broker-dealer firms in Kentucky, top 10
Rank	Firm	City	Growth	Starting value
1	Private Client Services, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Louisville	168.6%	3,271
2	Family Wealth Planning Partners	Louisville	84.4%	795
3	Owen Larue Financial Group	Elizabethtown	42.3%	605
4	Meridian Wealth Management, LLC	Lexington	39.2%	4,012
5	Guidance Capital, Inc.	Louisville	32.7%	572
6	FWG Investments, LLC	Lexington	29.5%	1,589
7	LFG Wealth Partners, LLC	Elizabethtown	26.8%	284
8	MCF Advisors, LLC	Lexington	25.1%	2,830
9	Spectrum Financial Alliance, Ltd., L.L.C.	Nicholasville	22.5%	550
10	Magnate Advisory Services, LLC	Louisville	21.4%	2,596

Top 100 in Kentucky

Wealth firms with the most accounts, including broker-dealer firms

Wealth firms with the most accounts, including broker-dealer firms in Kentucky, top 10
Rank	Firm	City	Most accounts
1	Meridian Wealth Management, LLC	Lexington	12,298
2	Private Client Services, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Louisville	8,765
3	Strategic Wealth Investment Group, LLC	Louisville	8,606
4	MCF Advisors, LLC	Lexington	7,540
5	Keystone Financial Group, LLC	Lexington	6,628
6	KPP Advisory Services LLC	Louisville	3,995
7	Legacy Financial Advisors, Inc.	Covington	3,721
8	FWG Investments, LLC	Lexington	3,534
9	Retirement Planning Solutions, LLC	Louisville	2,812
10	Tony Walker Financial	Bowling Green	2,754

Top 100 in Kentucky

Wealth firms with the most advisory staff, including broker-dealer firms

Wealth firms with the most advisory staff, including broker-dealer firms in Kentucky, top 10
Rank	Firm	City	Most advisory staff
1	Meridian Wealth Management, LLC	Lexington	59
2	Private Client Services, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Louisville	50
3	Strategic Wealth Investment Group, LLC	Louisville	41
4	Keystone Financial Group, LLC	Lexington	33
5	MCF Advisors, LLC	Lexington	30
6	KPP Advisory Services LLC	Louisville	26
7	First Kentucky Securities Corp Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Louisville	16
8	Journey Advisory Group, LLC	Covington	15
9	Legacy Financial Advisors, Inc.	Covington	12
10	FWG Investments, LLC	Lexington	10

Top 100 in Kentucky

Wealth firms with the most high net worth clients, including broker-dealer firms

Wealth firms with the most high net worth clients, including broker-dealer firms in Kentucky, top 10
Rank	Firm	City	Most high net worth clients
1	Meridian Wealth Management, LLC	Lexington	1,022
2	MCF Advisors, LLC	Lexington	648
3	Reliant Wealth Planning, LLC	Louisville	642
4	Legacy Financial Advisors, Inc.	Covington	482
5	Keystone Financial Group, LLC	Lexington	464
6	First Kentucky Securities Corp Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Louisville	413
7	Journey Advisory Group, LLC	Covington	337
8	KPP Advisory Services LLC	Louisville	318
9	Barlow Wealth Partners, LLC	Louisville	312
10	Spectrum Financial Alliance, Ltd., L.L.C.	Nicholasville	287

Top 100 in Kentucky

Wealth firms with the most CFP professionals, including broker-dealer firms

Wealth firms with the most CFP professionals, including broker-dealer firms in Kentucky, top 10
Rank	Firm	City	Most CFP professionals
1	MCF Advisors, LLC	Lexington	21
2	Private Client Services, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Louisville	13
3	Meridian Wealth Management, LLC	Lexington	10
4	Keystone Financial Group, LLC	Lexington	9
4	KPP Advisory Services LLC	Louisville	9
6	Wrenne Financial Planning LLC	Lexington	7
7	Ballast, Inc.	Lexington	6
7	Saling Wealth Advisors	Louisville	6
7	Reliant Wealth Planning, LLC	Louisville	6
10	Altus Wealth Management, LLC	Fort Mitchell	5

Top 100 in Kentucky

Newest wealth firms, including broker-dealer firms

Newest wealth firms, including broker-dealer firms in Kentucky, top 10
Rank	Firm	City	Amount
1	Access Wealth Management, LLC	Louisville	$357.7 million
2	Principled Wealth Advisors, LLC	Covington	$252.1 million
3	Abri LLC	Lexington	$114.4 million
4	Graeter Wealth Advisors, LLC	Louisville	$104.9 million
5	Riverstone Asset Management, LLC	Louisville	$103.0 million
6	Wrightpoint Wealth	Louisville	$2.3 million
7	Bloom Financial LLC	Lagrange	$0
7	Tenet Portfolio Management	Nicholasville	$0
7	Saecula Wealth LLC	Georgetown	$0
7	Mark Investment Advisors	Louisville	$0

Top 100 in Kentucky

Over time

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

FirmsSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Firms
As of	Firms
October 1, 2018	41
October 1, 2019	42
October 1, 2020	48
October 4, 2021	53
October 3, 2022	59
October 5, 2023	66
October 1, 2024	66
September 2, 2025	64
October 2, 2026	69

Regulatory assets under managementSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Regulatory assets under management
As of	Regulatory assets under management
October 1, 2018	$13.4 billion
October 1, 2019	$14.0 billion
October 1, 2020	$18.1 billion
October 4, 2021	$22.6 billion
October 3, 2022	$28.5 billion
October 5, 2023	$28.9 billion
October 1, 2024	$28.4 billion
September 2, 2025	$32.7 billion
October 2, 2026	$46.0 billion

Client accountsSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Client accounts
As of	Client accounts
October 1, 2018	44,584
October 1, 2019	52,623
October 1, 2020	60,194
October 4, 2021	69,367
October 3, 2022	75,855
October 5, 2023	90,775
October 1, 2024	106,867
September 2, 2025	86,398
October 2, 2026	118,543

Median firm size (RAUM)SEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Median firm size (RAUM)
As of	Median firm size (RAUM)
October 1, 2018	$231.4 million
October 1, 2019	$225.7 million
October 1, 2020	$210.0 million
October 4, 2021	$260.5 million
October 3, 2022	$271.1 million
October 5, 2023	$250.6 million
October 1, 2024	$283.3 million
September 2, 2025	$319.0 million
October 2, 2026	$357.7 million

The market in Kentucky now

Headline figures

Headline figures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms	152	69	83
Regulatory assets under management	$48.0 billion	$46.0 billion	$2.0 billion
Accounts	127,753	118,543	9,210
Clients	73,275	68,049	5,226
Employees	1,041	901	140
Advisory employees	654	547	107
Investment adviser representatives	692	580	112
Median RAUM	$89.9 million	$357.7 million	$20.3 million
Average RAUM	$345.1 million	$666.0 million	$28.8 million

Firms by size

Advisers grouped by regulatory assets under management.

Firms by size, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms under $100 million	72	2	70
RAUM of firms under $100 million	$2.1 billion	$103.6 million	$2.0 billion
Firms $100 million to $250 million	17	17	0
RAUM of firms $100 million to $250 million	$2.8 billion	$2.8 billion	$0
Firms $250 million to $500 million	26	26	0
RAUM of firms $250 million to $500 million	$9.2 billion	$9.2 billion	$0
Firms $500 million to $1 billion	11	11	0
RAUM of firms $500 million to $1 billion	$7.3 billion	$7.3 billion	$0
Firms $1 billion to $5 billion	13	13	0
RAUM of firms $1 billion to $5 billion	$26.6 billion	$26.6 billion	$0
Firms $5 billion to $10 billion	0	0	0
RAUM of firms $5 billion to $10 billion	$0	$0	$0
Firms $10 billion and up	0	0	0
RAUM of firms $10 billion and up	$0	$0	$0

Concentration

How much of the market the largest advisers hold.

Concentration: all wealth firmsAs of October 2, 2026.
Measure	Bar	Value
Top 10 share of RAUM		48.2%
Top 100 share of RAUM		99.2%

Concentration, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Top 10 share of RAUM	48.2%	50.3%	36.9%
Top 100 share of RAUM	99.2%	No data	No data

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: all wealth firmsAs of October 2, 2026.
Measure	Bar	Value
Charge a percentage of assets		94.7%
Charge hourly fees		46.1%
Charge subscription fees		0.7%
Charge fixed fees		69.7%
Receive commissions		1.3%
Charge performance-based fees		7.2%
Other compensation		7.2%

How advisers are paid, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Charge a percentage of assets	94.7%	98.6%	91.6%
Charge hourly fees	46.1%	49.3%	43.4%
Charge subscription fees	0.7%	0.0%	1.2%
Charge fixed fees	69.7%	75.4%	65.1%
Receive commissions	1.3%	1.4%	1.2%
Charge performance-based fees	7.2%	13.0%	2.4%
Other compensation	7.2%	8.7%	6.0%

Custody

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

Custody, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Have custody	33.6%	52.2%	18.1%

Broker-dealer and other affiliations

From Form ADV Items 6 and 7.

Broker-dealer and other affiliations, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Broker-dealer affiliated	3.3%	5.8%	1.2%

New firms and successions

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

New firms and successions, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
New registrations	11	5	6
Successions	No data	0	No data

Other measures

Other measures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms reporting RAUM	139	69	70
Discretionary RAUM	$43.3 billion	$41.6 billion	$1.7 billion
CFP professionals	208	172	36
25th percentile RAUM	$20.3 million	$220.4 million	$8.1 million
75th percentile RAUM	$353.4 million	$617.7 million	$48.2 million
90th percentile RAUM	$826.9 million	$1.4 billion	$61.7 million
Average account size	$375,504	$387,647	$219,214
Offer financial planning	77.6%	84.1%	72.3%
RAUM growth, one year	No data	40.7%	No data

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

Cities

Lexington 39 independent RIAs, $20.4 billion
Louisville 55 independent RIAs, $15.0 billion
Prospect 5 independent RIAs, $2.2 billion
Owensboro 5 independent RIAs, $122.2 million

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.