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Independent RIAs in Missouri

As of October 2, 2026, 326 independent wealth management RIAs based in Missouri reported $395.5 billion in regulatory assets under management; the largest by assets was Focus Partners Wealth, LLC, with $181.9 billion.

Include wirehouses and broker-dealer firms

Independent wealth management RIAs
326
SEC-registered
133
State-registered
193
Regulatory assets under management
$395.5 billion
Client accounts
1,626,129
Median firm size
$81.7 million
Broker-dealer affiliated firms, not included
20, with $2.2 trillion

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

Top firms in Missouri

Largest independent RIAs by assets under management

Rank Firm City RAUM
1 Focus Partners Wealth, LLC St. Louis $181.9 billion
2 Moneta Group Investment Advisors, LLC St. Louis $50.5 billion
3 Focus Advisor Solutions, LLC St. Louis $41.5 billion
4 Forvis Mazars Wealth Advisors, LLC Springfield $12.0 billion
5 Modern Wealth Management, LLC Kansas City $10.9 billion
6 Plancorp, LLC St. Louis $10.6 billion
7 Krilogy St. Louis $5.2 billion
8 Cornerstone Wealth Management, LLC Des Peres $4.9 billion
9 Rubinbrown Advisors LLC St. Louis $3.9 billion
10 Matter Family Office St. Louis $3.8 billion

Top 100 in Missouri

Fastest-growing independent RIAs over one year

Rank Firm City Growth Starting value
1 Moment Private Wealth St. Louis 127.9% $156.7 million
2 Focus Partners Wealth, LLC St. Louis 89.7% $95.9 billion
3 Precision Wealth Strategies, LLC St. Louis 84.1% $386.3 million
4 Modern Wealth Management, LLC Kansas City 77.3% $6.1 billion
5 Toberman Becker Wealth, LLC St. Louis 48.4% $115.1 million
6 Fefa Financial St. Louis 47.7% $294.8 million
7 Krilogy St. Louis 47.0% $3.5 billion
8 Plancorp, LLC St. Louis 45.8% $7.3 billion
9 Wheelhouse Advisory Group, LLC St. Louis 42.9% $271.6 million
10 Sunpointe Investments St. Louis 41.4% $559.2 million

Top 100 in Missouri

Fastest-growing independent RIAs over three years

Rank Firm City Growth Starting value
1 Modern Wealth Management, LLC Kansas City 92.2% $1.5 billion
2 Fefa Financial St. Louis 56.1% $114.3 million
3 Wheelhouse Advisory Group, LLC St. Louis 47.7% $120.5 million
4 Convergence Financial Columbia 44.7% $298.1 million
5 Krilogy St. Louis 41.2% $1.8 billion
6 Precision Wealth Strategies, LLC St. Louis 39.2% $263.4 million
7 Sunpointe Investments St. Louis 36.0% $314.5 million
8 IFG Advisors, LLC St. Louis 31.6% $452.0 million
9 Saxony Capital Management, LLC St. Louis 31.1% $163.1 million
10 Signify Wealth LLC St. Louis 29.0% $169.9 million

Top 100 in Missouri

Fastest-growing independent RIAs over five years

Rank Firm City Growth Starting value
1 Focus Partners Wealth, LLC St. Louis 69.4% $13.1 billion
2 Sunpointe Investments St. Louis 41.3% $140.3 million
3 Precision Wealth Strategies, LLC St. Louis 33.5% $167.9 million
4 Convergence Financial Columbia 33.2% $215.6 million
5 IFG Advisors, LLC St. Louis 26.5% $318.0 million
6 Krilogy St. Louis 25.0% $1.7 billion
7 Eagle Bluffs Wealth Management LLC Columbia 23.3% $103.1 million
8 Financial & Tax Architects, LLC St. Louis 22.5% $183.8 million
9 Forvis Mazars Wealth Advisors, LLC Springfield 19.3% $5.0 billion
10 Alpine Private Wealth St. Louis 19.0% $610.0 million

Top 100 in Missouri

Independent RIAs with the biggest asset gains over one year

Rank Firm City Increase
1 Focus Partners Wealth, LLC St. Louis $86.0 billion
2 Focus Advisor Solutions, LLC St. Louis $11.6 billion
3 Moneta Group Investment Advisors, LLC St. Louis $7.7 billion
4 Modern Wealth Management, LLC Kansas City $4.8 billion
5 Plancorp, LLC St. Louis $3.3 billion
6 Forvis Mazars Wealth Advisors, LLC Springfield $3.1 billion
7 Krilogy St. Louis $1.7 billion
8 Parkwoods Wealth Partners, LLC Clayton $1.4 billion
9 Cornerstone Wealth Management, LLC Des Peres $851.5 million
10 Rubinbrown Advisors LLC St. Louis $767.7 million

Top 100 in Missouri

Independent RIAs with the most clients

Rank Firm City Most clients
1 Focus Partners Wealth, LLC St. Louis 63,966
2 Focus Advisor Solutions, LLC St. Louis 36,817
3 Cornerstone Wealth Management, LLC Des Peres 12,695
4 Modern Wealth Management, LLC Kansas City 11,939
5 Moneta Group Investment Advisors, LLC St. Louis 9,801
6 Forvis Mazars Wealth Advisors, LLC Springfield 4,697
7 Visionary Wealth Advisors, LLC St. Louis 4,316
8 R.T. Jones Capital Equities Management Inc. St. Louis 4,108
9 Krilogy St. Louis 3,204
10 Convergence Financial Columbia 2,714

Top 100 in Missouri

Independent RIAs with the fastest client growth over one year

Rank Firm City Growth Starting value
1 The Worley Banks Group, LLC Creve Coeur 160.1% 288
2 Core Planning Ofallon 141.5% 359
3 Parkwoods Wealth Partners, LLC Clayton 133.6% 614
4 Focus Partners Wealth, LLC St. Louis 78.7% 35,799
5 Modern Wealth Management, LLC Kansas City 77.6% 6,721
6 Capital Management Services, Inc. Manchester 66.9% 145
7 RLB Financial Springfield 59.3% 381
8 Equity Wealth Partners, LLC Independence 58.3% 593
9 Plancorp, LLC St. Louis 50.1% 1,604
10 Financial & Tax Architects, LLC St. Louis 48.4% 1,061

Top 100 in Missouri

Independent RIAs with the most accounts

Rank Firm City Most accounts
1 First Class Capital Liberty 1,000,000
2 Focus Partners Wealth, LLC St. Louis 220,585
3 Focus Advisor Solutions, LLC St. Louis 91,359
4 Moneta Group Investment Advisors, LLC St. Louis 48,410
5 Modern Wealth Management, LLC Kansas City 30,617
6 Cornerstone Wealth Management, LLC Des Peres 20,602
7 Forvis Mazars Wealth Advisors, LLC Springfield 14,044
8 Krilogy St. Louis 11,114
9 Visionary Wealth Advisors, LLC St. Louis 11,041
10 Plancorp, LLC St. Louis 9,200

Top 100 in Missouri

Independent RIAs with the most advisory staff

Rank Firm City Most advisory staff
1 Focus Partners Wealth, LLC St. Louis 1,025
2 Moneta Group Investment Advisors, LLC St. Louis 239
3 Cornerstone Wealth Management, LLC Des Peres 102
3 Modern Wealth Management, LLC Kansas City 102
5 Forvis Mazars Wealth Advisors, LLC Springfield 82
6 Krilogy St. Louis 65
7 Core Planning Ofallon 61
8 Plancorp, LLC St. Louis 52
9 Visionary Wealth Advisors, LLC St. Louis 51
10 Focus Advisor Solutions, LLC St. Louis 46

Top 100 in Missouri

Independent RIAs with the most high net worth clients

Rank Firm City Most high net worth clients
1 Focus Partners Wealth, LLC St. Louis 30,177
2 Focus Advisor Solutions, LLC St. Louis 9,302
3 Moneta Group Investment Advisors, LLC St. Louis 5,460
4 Cornerstone Wealth Management, LLC Des Peres 3,511
5 Modern Wealth Management, LLC Kansas City 2,529
6 Forvis Mazars Wealth Advisors, LLC Springfield 1,898
7 Plancorp, LLC St. Louis 1,284
8 Krilogy St. Louis 1,121
9 Visionary Wealth Advisors, LLC St. Louis 898
10 Rubinbrown Advisors LLC St. Louis 860

Top 100 in Missouri

Independent RIAs with the most CFP professionals

Rank Firm City Most CFP professionals
1 Focus Partners Wealth, LLC St. Louis 451
2 Moneta Group Investment Advisors, LLC St. Louis 178
3 Modern Wealth Management, LLC Kansas City 61
4 Forvis Mazars Wealth Advisors, LLC Springfield 48
5 Plancorp, LLC St. Louis 37
6 Core Planning Ofallon 35
7 Krilogy St. Louis 26
8 Visionary Wealth Advisors, LLC St. Louis 17
9 Acropolis Investment Management Chesterfield 16
10 Parkwoods Wealth Partners, LLC Clayton 14

Top 100 in Missouri

Newest independent RIAs

Rank Firm City Amount
1 TBG-Bedford Group LLC St. Louis $758.1 million
2 Private Wealth Consulting, LLC Kansas City $259.3 million
3 Commercial Trust Financial Services Fayette $204.1 million
4 Financial Avenues Kansas City $147.6 million
5 Diversified Wealth Advisors, LLC Kansas City $138.0 million
6 Laminar Wealth LLC Clayton $131.8 million
7 Sawyer Capital Management Wildwood $124.9 million
8 Lang & Becker, Inc. Washington $123.2 million
9 Virtus Financial Group Olivette $119.4 million
10 Ryan Poage & Co. Kansas City $114.2 million

Top 100 in Missouri

Over time

From the SEC's yearly files: SEC-registered independent RIAs based in Missouri, 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.
050100150201820202021202320242026133October 1, 2018: 70October 1, 2019: 76October 1, 2020: 82October 4, 2021: 89October 3, 2022: 99October 5, 2023: 98October 1, 2024: 108September 2, 2025: 114October 2, 2026: 133
Data table
As ofFirms
October 1, 201870
October 1, 201976
October 1, 202082
October 4, 202189
October 3, 202299
October 5, 202398
October 1, 2024108
September 2, 2025114
October 2, 2026133
Regulatory assets under managementSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
$0$100B$200B$300B$400B201820202021202320242026$390BOctober 1, 2018: $74.0 billionOctober 1, 2019: $95.5 billionOctober 1, 2020: $105.9 billionOctober 4, 2021: $125.4 billionOctober 3, 2022: $139.2 billionOctober 5, 2023: $139.1 billionOctober 1, 2024: $165.3 billionSeptember 2, 2025: $248.8 billionOctober 2, 2026: $389.9 billion
Data table
As ofRegulatory assets under management
October 1, 2018$74.0 billion
October 1, 2019$95.5 billion
October 1, 2020$105.9 billion
October 4, 2021$125.4 billion
October 3, 2022$139.2 billion
October 5, 2023$139.1 billion
October 1, 2024$165.3 billion
September 2, 2025$248.8 billion
October 2, 2026$389.9 billion
Client accountsSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
0200K400K600K800K201820202021202320242026602KOctober 1, 2018: 135,807October 1, 2019: 214,191October 1, 2020: 232,468October 4, 2021: 239,364October 3, 2022: 276,261October 5, 2023: 310,802October 1, 2024: 350,911September 2, 2025: 432,689October 2, 2026: 601,965
Data table
As ofClient accounts
October 1, 2018135,807
October 1, 2019214,191
October 1, 2020232,468
October 4, 2021239,364
October 3, 2022276,261
October 5, 2023310,802
October 1, 2024350,911
September 2, 2025432,689
October 2, 2026601,965
Median firm size (RAUM)SEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
$0$100M$200M$300M$400M201820202021202320242026$351MOctober 1, 2018: $358.0 millionOctober 1, 2019: $332.5 millionOctober 1, 2020: $334.6 millionOctober 4, 2021: $333.5 millionOctober 3, 2022: $344.5 millionOctober 5, 2023: $309.6 millionOctober 1, 2024: $326.2 millionSeptember 2, 2025: $341.3 millionOctober 2, 2026: $351.1 million
Data table
As ofMedian firm size (RAUM)
October 1, 2018$358.0 million
October 1, 2019$332.5 million
October 1, 2020$334.6 million
October 4, 2021$333.5 million
October 3, 2022$344.5 million
October 5, 2023$309.6 million
October 1, 2024$326.2 million
September 2, 2025$341.3 million
October 2, 2026$351.1 million

The market in Missouri now

Headline figures

MeasureIndependent RIAsSEC-registeredState-registered
Firms326133193
Regulatory assets under management$395.5 billion$389.9 billion$5.6 billion
Accounts1,626,129601,9651,024,164
Clients228,412212,53215,880
Employees5,1654,822343
Advisory employees2,8932,595298
Investment adviser representatives3,0542,755299
Median RAUM$81.7 million$351.1 million$26.0 million
Average RAUM$1.4 billion$3.0 billion$34.6 million

Firms by size

Advisers grouped by regulatory assets under management.

MeasureIndependent RIAsSEC-registeredState-registered
Firms under $100 million1572155
RAUM of firms under $100 million$5.0 billion$93.3 million$4.9 billion
Firms $100 million to $250 million50437
RAUM of firms $100 million to $250 million$7.7 billion$7.0 billion$739.0 million
Firms $250 million to $500 million32320
RAUM of firms $250 million to $500 million$11.0 billion$11.0 billion$0
Firms $500 million to $1 billion29290
RAUM of firms $500 million to $1 billion$20.4 billion$20.4 billion$0
Firms $1 billion to $5 billion17170
RAUM of firms $1 billion to $5 billion$38.8 billion$38.8 billion$0
Firms $5 billion to $10 billion110
RAUM of firms $5 billion to $10 billion$5.2 billion$5.2 billion$0
Firms $10 billion and up660
RAUM of firms $10 billion and up$307.4 billion$307.4 billion$0

Concentration

How much of the market the largest advisers hold.

Concentration: independent RIAsAs of October 2, 2026.
Top 10 share of RAUM 82.2%
Top 100 share of RAUM 97.6%
MeasureIndependent RIAsSEC-registeredState-registered
Top 10 share of RAUM82.2%83.4%18.4%
Top 100 share of RAUM97.6%99.0%92.0%

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 92.3%
Charge hourly fees 49.4%
Charge subscription fees 2.1%
Charge fixed fees 66.6%
Receive commissions 1.8%
Charge performance-based fees 4.3%
Other compensation 8.9%
MeasureIndependent RIAsSEC-registeredState-registered
Charge a percentage of assets92.3%96.2%89.6%
Charge hourly fees49.4%44.4%52.8%
Charge subscription fees2.1%0.8%3.1%
Charge fixed fees66.6%68.4%65.3%
Receive commissions1.8%2.3%1.6%
Charge performance-based fees4.3%3.8%4.7%
Other compensation8.9%9.8%8.3%

Custody

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

MeasureIndependent RIAsSEC-registeredState-registered
Have custody30.4%52.6%15.0%

Broker-dealer and other affiliations

From Form ADV Items 6 and 7.

MeasureIndependent RIAsSEC-registeredState-registered
Broker-dealer affiliated3.1%7.5%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 registrations341321
SuccessionsNo data0No data

Other measures

MeasureIndependent RIAsSEC-registeredState-registered
Firms reporting RAUM292130162
Discretionary RAUM$316.5 billion$311.9 billion$4.6 billion
CFP professionals1,1951,11778
25th percentile RAUM$23.7 million$179.4 million$9.5 million
75th percentile RAUM$313.4 million$785.2 million$51.5 million
90th percentile RAUM$881.0 million$2.6 billion$82.3 million
Average account size$243,224$647,721$5,477
Offer financial planning79.8%85.7%75.6%
RAUM growth, one yearNo data56.7%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.