State market data

Wealth management firms in Massachusetts

As of October 2, 2026, 801 wealth management firms, including broker-dealer firms, based in Massachusetts reported $768.2 billion in regulatory assets under management; the largest by assets was Commonwealth Financial Network, with $212.7 billion.

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

Wealth management firms: 801
SEC-registered: 317
State-registered: 484
Regulatory assets under management: $768.2 billion
Client accounts: 1,569,621
Median firm size: $80.1 million
Of which broker-dealer affiliated: 22, with $361.9 billion

Massachusetts has not adopted IAR continuing education. Status from NASAA's IAR CE map, checked October 5, 2026. IAR CE in Massachusetts.

Top firms in Massachusetts

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

Largest wealth firms by assets under management, including broker-dealer firms in Massachusetts, top 10
Rank	Firm	City	RAUM
1	Commonwealth Financial Network 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.	Waltham	$212.7 billion
2	MML Investors 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.	Springfield	$115.6 billion
3	SCS Capital Management LLC	Boston	$48.7 billion
4	Integrated Wealth Concepts LLC	Waltham	$23.6 billion
5	Rwa Wealth Partners	Boston	$19.8 billion
6	Ballentine Partners	Waltham	$15.3 billion
7	CW Advisors, LLC	Boston	$15.2 billion
8	Loring, Wolcott & Coolidge Fiduciary Advisors, LLP	Boston	$12.8 billion
9	Choate Investment Advisors	Boston	$10.0 billion
10	Welch & Forbes LLC	Boston	$9.9 billion

Top 100 in Massachusetts

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

Fastest-growing wealth firms over one year, including broker-dealer firms in Massachusetts, top 10
Rank	Firm	City	Growth	Starting value
1	J.R. Prunier Capital Management LLC	Holden	222.5%	$126.2 million
2	Bluedoor Private Wealth, LLC	Beverly	218.4%	$105.9 million
3	GC Wealth Management RIA, LLC	Cambridge	170.9%	$2.2 billion
4	Castle Rock Advisors LLC	Boston	141.9%	$1.6 billion
5	Apex Investment Group	Hudson	107.8%	$101.6 million
6	New England Private Wealth Advisors, LLC	Wellesley	69.7%	$3.0 billion
7	Mindoro Capital Partners LLC	Concord	68.6%	$134.3 million
8	Catalyst Financial Partners	Boston	68.5%	$1.0 billion
9	Colrain Capital LLC	Boston	67.3%	$132.8 million
10	CW Advisors, LLC	Boston	63.7%	$9.3 billion

Top 100 in Massachusetts

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

Fastest-growing wealth firms over three years, including broker-dealer firms in Massachusetts, top 10
Rank	Firm	City	Growth	Starting value
1	Mayport Wealth Management	Newton	48.2%	$213.3 million
2	Integrated Wealth Concepts LLC	Waltham	46.7%	$7.5 billion
3	Catalyst Financial Partners	Boston	46.5%	$547.3 million
4	Rwa Wealth Partners	Boston	45.6%	$6.4 billion
5	Pension & Wealth Management Advisors	Waltham	45.5%	$172.1 million
6	CW Advisors, LLC	Boston	43.6%	$5.1 billion
7	Pallas Capital Advisors, LLC	Braintree	41.0%	$1.5 billion
8	Flagship Wealth Advisors, LLC.	Wakefield	37.4%	$288.7 million
9	Hoopoe Advisors 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.	Boston	35.7%	$244.0 million
10	Penobscot Investment Management Company, Inc.	Boston	33.1%	$693.2 million

Top 100 in Massachusetts

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

Fastest-growing wealth firms over five years, including broker-dealer firms in Massachusetts, top 10
Rank	Firm	City	Growth	Starting value
1	Pallas Capital Advisors, LLC	Braintree	43.0%	$720.1 million
2	Mayport Wealth Management	Newton	40.6%	$126.6 million
3	Empirical Asset Management, LLC	Wellesley	39.1%	$107.5 million
4	CW Advisors, LLC	Boston	38.0%	$3.0 billion
5	Integrated Wealth Concepts LLC	Waltham	36.3%	$5.0 billion
6	Pension & Wealth Management Advisors	Waltham	32.8%	$128.1 million
7	Trevian Wealth Management, LLC	Weston	31.2%	$158.5 million
8	Battery Global Advisors, LLC	Boston	27.5%	$2.5 billion
9	Hoopoe Advisors 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.	Boston	25.9%	$192.5 million
10	SHP Wealth Management, LLC	Plymouth	25.0%	$629.7 million

Top 100 in Massachusetts

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 Massachusetts, top 10
Rank	Firm	City	Increase
1	MML Investors 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.	Springfield	$25.6 billion
2	Integrated Wealth Concepts LLC	Waltham	$8.4 billion
3	CW Advisors, LLC	Boston	$5.9 billion
4	SCS Capital Management LLC	Boston	$5.5 billion
5	GC Wealth Management RIA, LLC	Cambridge	$3.7 billion
6	Ballentine Partners	Waltham	$3.3 billion
7	Commonwealth Financial Network 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.	Waltham	$2.9 billion
8	Rwa Wealth Partners	Boston	$2.5 billion
9	Cambridge Associates Limited, LLC	Boston	$2.4 billion
10	Castle Rock Advisors LLC	Boston	$2.3 billion

Top 100 in Massachusetts

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

Wealth firms with the most clients, including broker-dealer firms in Massachusetts, top 10
Rank	Firm	City	Most clients
1	MML Investors 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.	Springfield	454,836
2	Commonwealth Financial Network 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.	Waltham	380,938
3	John Hancock Personal Financial 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.	Boston	35,589
4	Integrated Wealth Concepts LLC	Waltham	30,723
5	Santander Securities 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.	Boston	11,124
6	Flagship Harbor Advisors, LLC	Boston	7,395
7	Bolton Global Asset Management 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.	Bolton	7,365
8	St. Germain Investment Management	Springfield	6,722
9	CW Advisors, LLC	Boston	6,589
10	Rwa Wealth Partners	Boston	6,042

Top 100 in Massachusetts

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 Massachusetts, top 10
Rank	Firm	City	Growth	Starting value
1	CW Advisors, LLC	Boston	99.1%	3,310
2	Zevin Asset Management, LLC	Boston	89.2%	406
3	GC Wealth Management RIA, LLC	Cambridge	71.5%	144
4	Rheeco, Inc.	Natick	67.4%	193
5	Washington Trust Advisors 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.	Wellesley	55.9%	542
6	Stackwell	Boston	51.6%	3,107
7	Apex Investment Group	Hudson	42.8%	502
8	Pension & Wealth Management Advisors	Waltham	40.6%	372
9	Alta Wealth Advisors LLC	Woburn	35.5%	575
10	Great Point Wealth Advisors, LLC	Boston	34.3%	344

Top 100 in Massachusetts

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

Wealth firms with the most accounts, including broker-dealer firms in Massachusetts, top 10
Rank	Firm	City	Most accounts
1	Commonwealth Financial Network 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.	Waltham	615,215
2	MML Investors 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.	Springfield	454,857
3	Integrated Wealth Concepts LLC	Waltham	65,563
4	John Hancock Personal Financial 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.	Boston	35,589
5	CW Advisors, LLC	Boston	23,756
6	Rwa Wealth Partners	Boston	19,649
7	Flagship Harbor Advisors, LLC	Boston	12,815
8	Santander Securities 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.	Boston	11,152
9	Grimes & Company	Westborough	9,842
10	F L Putnam Investment Management Co.	Lynnfield	7,901

Top 100 in Massachusetts

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

Wealth firms with the most advisory staff, including broker-dealer firms in Massachusetts, top 10
Rank	Firm	City	Most advisory staff
1	MML Investors 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.	Springfield	4,961
2	Commonwealth Financial Network 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.	Waltham	2,650
3	Integrated Wealth Concepts LLC	Waltham	491
4	Bolton Global Asset Management 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.	Bolton	110
5	Santander Securities 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.	Boston	108
6	SCS Capital Management LLC	Boston	99
7	F L Putnam Investment Management Co.	Lynnfield	90
8	CW Advisors, LLC	Boston	89
9	Ballentine Partners	Waltham	87
10	Moors & Cabot, Inc 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.	Boston	85

Top 100 in Massachusetts

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 Massachusetts, top 10
Rank	Firm	City	Most high net worth clients
1	Commonwealth Financial Network 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.	Waltham	41,874
2	Integrated Wealth Concepts LLC	Waltham	10,429
3	Rwa Wealth Partners	Boston	3,545
4	CW Advisors, LLC	Boston	3,257
5	Loring, Wolcott & Coolidge Fiduciary Advisors, LLP	Boston	3,214
6	Flagship Harbor Advisors, LLC	Boston	2,556
7	St. Germain Investment Management	Springfield	1,909
8	Moors & Cabot, Inc 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.	Boston	1,889
9	Grimes & Company	Westborough	1,783
10	Bolton Global Asset Management 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.	Bolton	1,698

Top 100 in Massachusetts

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

Wealth firms with the most CFP professionals, including broker-dealer firms in Massachusetts, top 10
Rank	Firm	City	Most CFP professionals
1	Commonwealth Financial Network 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.	Waltham	819
2	MML Investors 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.	Springfield	646
3	Integrated Wealth Concepts LLC	Waltham	87
4	CW Advisors, LLC	Boston	51
5	Ballentine Partners	Waltham	39
6	F L Putnam Investment Management Co.	Lynnfield	35
7	Rwa Wealth Partners	Boston	33
8	SCS Capital Management LLC	Boston	25
9	Grimes & Company	Westborough	24
10	Flagship Harbor Advisors, LLC	Boston	17

Top 100 in Massachusetts

Newest wealth firms, including broker-dealer firms

Newest wealth firms, including broker-dealer firms in Massachusetts, top 10
Rank	Firm	City	Amount
1	71 West Capital Partners	Boston	$5.5 billion
2	Pearson Financial Services	Dennis	$885.0 million
3	Canby Financial Advisors	Framingham	$729.4 million
4	Tyler Street Capital	Plymouth	$491.5 million
5	Arborstone Financial, LLC	Andover	$476.0 million
6	Liberty Forge LLC	Boston	$250.8 million
7	3D Advisor Group, Inc.	Hopkinton	$194.3 million
8	Ashwood Advisors	Medfield	$126.9 million
9	TQM Wealth Partners	Marblehead	$123.7 million
10	Condon Wealth Management, Inc.	Plymouth	$122.1 million

Top 100 in Massachusetts

Over time

From the SEC's yearly files: SEC-registered wealth firms based in Massachusetts, 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	259
October 1, 2019	272
October 1, 2020	276
October 4, 2021	280
October 3, 2022	282
October 5, 2023	272
October 1, 2024	265
September 2, 2025	274
October 2, 2026	317

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	$844.0 billion
October 1, 2019	$852.3 billion
October 1, 2020	$899.9 billion
October 4, 2021	$1.0 trillion
October 3, 2022	$1.3 trillion
October 5, 2023	$1.2 trillion
October 1, 2024	$1.4 trillion
September 2, 2025	$651.0 billion
October 2, 2026	$755.7 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	2,522,534
October 1, 2019	2,723,645
October 1, 2020	2,203,374
October 4, 2021	2,332,382
October 3, 2022	2,737,185
October 5, 2023	3,013,794
October 1, 2024	3,352,916
September 2, 2025	1,483,539
October 2, 2026	1,536,659

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	$322.8 million
October 1, 2019	$314.2 million
October 1, 2020	$361.8 million
October 4, 2021	$369.0 million
October 3, 2022	$390.2 million
October 5, 2023	$362.7 million
October 1, 2024	$379.5 million
September 2, 2025	$388.4 million
October 2, 2026	$355.5 million

The market in Massachusetts now

Headline figures

Headline figures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms	801	317	484
Regulatory assets under management	$768.2 billion	$755.7 billion	$12.5 billion
Accounts	1,569,621	1,536,659	32,962
Clients	1,100,320	1,076,574	23,746
Employees	17,125	16,414	711
Advisory employees	11,221	10,627	594
Investment adviser representatives	11,677	11,050	627
Median RAUM	$80.1 million	$355.5 million	$23.8 million
Average RAUM	$1.1 billion	$2.5 billion	$33.1 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	380	12	368
RAUM of firms under $100 million	$12.0 billion	$571.6 million	$11.4 billion
Firms $100 million to $250 million	118	108	10
RAUM of firms $100 million to $250 million	$19.2 billion	$18.1 billion	$1.1 billion
Firms $250 million to $500 million	59	59	0
RAUM of firms $250 million to $500 million	$20.8 billion	$20.8 billion	$0
Firms $500 million to $1 billion	58	58	0
RAUM of firms $500 million to $1 billion	$40.8 billion	$40.8 billion	$0
Firms $1 billion to $5 billion	50	50	0
RAUM of firms $1 billion to $5 billion	$112.1 billion	$112.1 billion	$0
Firms $5 billion to $10 billion	12	12	0
RAUM of firms $5 billion to $10 billion	$89.6 billion	$89.6 billion	$0
Firms $10 billion and up	9	9	0
RAUM of firms $10 billion and up	$473.7 billion	$473.7 billion	$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		63.0%
Top 100 share of RAUM		91.0%

Concentration, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Top 10 share of RAUM	63.0%	64.0%	8.9%
Top 100 share of RAUM	91.0%	92.5%	61.2%

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		89.6%
Charge hourly fees		51.1%
Charge subscription fees		1.0%
Charge fixed fees		58.2%
Receive commissions		4.5%
Charge performance-based fees		6.7%
Other compensation		8.6%

How advisers are paid, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Charge a percentage of assets	89.6%	96.8%	84.9%
Charge hourly fees	51.1%	45.7%	54.5%
Charge subscription fees	1.0%	0.3%	1.4%
Charge fixed fees	58.2%	66.9%	52.5%
Receive commissions	4.5%	2.8%	5.6%
Charge performance-based fees	6.7%	7.6%	6.2%
Other compensation	8.6%	7.6%	9.3%

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	29.1%	55.8%	11.6%

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	4.4%	8.2%	1.9%

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	72	35	37
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	686	308	378
Discretionary RAUM	$668.1 billion	$657.4 billion	$10.7 billion
CFP professionals	2,402	2,231	171
25th percentile RAUM	$18.5 million	$186.9 million	$9.0 million
75th percentile RAUM	$307.0 million	$885.0 million	$49.7 million
90th percentile RAUM	$1.1 billion	$3.2 billion	$86.0 million
Average account size	$489,448	$491,805	$379,599
Offer financial planning	75.8%	80.8%	72.5%
RAUM growth, one year	No data	16.1%	No data

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

Cities

Boston 110 independent RIAs, $222.5 billion
Waltham 12 independent RIAs, $46.4 billion
Braintree 17 independent RIAs, $11.8 billion
Lynnfield 5 independent RIAs, $9.8 billion
Wellesley 22 independent RIAs, $8.8 billion
Needham 21 independent RIAs, $8.2 billion
Westborough 6 independent RIAs, $8.1 billion
Cambridge 19 independent RIAs, $7.4 billion
Hingham 10 independent RIAs, $3.3 billion
Concord 16 independent RIAs, $3.2 billion
Plymouth 12 independent RIAs, $3.0 billion
Beverly 10 independent RIAs, $2.9 billion
Woburn 10 independent RIAs, $2.8 billion
Walpole 6 independent RIAs, $2.8 billion
Worcester 6 independent RIAs, $2.7 billion
Winchester 6 independent RIAs, $2.3 billion
Lexington 10 independent RIAs, $2.0 billion
Framingham 10 independent RIAs, $1.5 billion
Andover 10 independent RIAs, $1.5 billion
Norwell 10 independent RIAs, $1.4 billion
Burlington 9 independent RIAs, $1.4 billion
Dedham 5 independent RIAs, $1.3 billion
Newton 15 independent RIAs, $1.3 billion
Duxbury 8 independent RIAs, $1.2 billion
Westwood 5 independent RIAs, $1.2 billion
Marshfield 5 independent RIAs, $1.0 billion
Acton 5 independent RIAs, $968.4 million
Danvers 7 independent RIAs, $944.5 million
Weston 5 independent RIAs, $802.8 million
North Andover 9 independent RIAs, $735.6 million
Westford 6 independent RIAs, $625.9 million
Salem 9 independent RIAs, $595.0 million
Medfield 9 independent RIAs, $532.5 million
Southborough 5 independent RIAs, $507.6 million
Dover 5 independent RIAs, $486.1 million
Marblehead 7 independent RIAs, $349.8 million
Marlborough 7 independent RIAs, $253.1 million
Charlestown 6 independent RIAs, $221.9 million
Natick 6 independent RIAs, $198.8 million
Arlington 7 independent RIAs, $133.8 million
Milton 5 independent RIAs, $85.2 million
Brookline 8 independent RIAs, $70.9 million
Pittsfield 5 independent RIAs, $46.6 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.