State market data

Wealth management firms in Missouri

As of October 2, 2026, 346 wealth management firms, including broker-dealer firms, based in Missouri reported $2.6 trillion in regulatory assets under management; the largest by assets was Edward Jones, with $1.0 trillion.

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

Wealth management firms: 346
SEC-registered: 146
State-registered: 200
Regulatory assets under management: $2.6 trillion
Client accounts: 9,560,635
Median firm size: $90.3 million
Of which broker-dealer affiliated: 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 wealth firms by assets under management, including broker-dealer firms

Largest wealth firms by assets under management, including broker-dealer firms in Missouri, top 10
Rank	Firm	City	RAUM
1	Edward Jones 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.	St. Louis	$1.0 trillion
2	Wells Fargo 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.	St. Louis	$671.4 billion
3	Wells Fargo 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.	St. Louis	$252.3 billion
4	Stifel, Nicolaus & Company, Incorporated 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.	St. Louis	$197.5 billion
5	Focus Partners Wealth, LLC	St. Louis	$181.9 billion
6	Moneta Group Investment Advisors, LLC	St. Louis	$50.5 billion
7	Focus Advisor Solutions, LLC	St. Louis	$41.5 billion
8	Benjamin F. Edwards & Company, Incorporated 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.	St. Louis	$18.9 billion
9	Forvis Mazars Wealth Advisors, LLC	Springfield	$12.0 billion
10	Modern Wealth Management, LLC	Kansas City	$10.9 billion

Top 100 in Missouri

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

Fastest-growing wealth firms over one year, including broker-dealer firms in Missouri, top 10
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 wealth firms over three years, including broker-dealer firms

Fastest-growing wealth firms over three years, including broker-dealer firms in Missouri, top 10
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	Wells Fargo 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.	St. Louis	34.7%	$103.1 billion
9	Larson Financial Group, 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.	St. Louis	32.9%	$2.3 billion
10	IFG Advisors, LLC	St. Louis	31.6%	$452.0 million

Top 100 in Missouri

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

Fastest-growing wealth firms over five years, including broker-dealer firms in Missouri, top 10
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	Stifel Independent Advisors, 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.	St. Louis	35.2%	$1.1 billion
4	Precision Wealth Strategies, LLC	St. Louis	33.5%	$167.9 million
5	Convergence Financial	Columbia	33.2%	$215.6 million
6	Larson Financial Group, 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.	St. Louis	29.9%	$1.5 billion
7	IFG Advisors, LLC	St. Louis	26.5%	$318.0 million
8	Wells Fargo 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.	St. Louis	25.9%	$79.6 billion
9	Krilogy	St. Louis	25.0%	$1.7 billion
10	Eagle Bluffs Wealth Management LLC	Columbia	23.3%	$103.1 million

Top 100 in Missouri

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 Missouri, top 10
Rank	Firm	City	Increase
1	Edward Jones 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.	St. Louis	$188.6 billion
2	Focus Partners Wealth, LLC	St. Louis	$86.0 billion
3	Wells Fargo 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.	St. Louis	$65.4 billion
4	Wells Fargo 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.	St. Louis	$54.9 billion
5	Stifel, Nicolaus & Company, Incorporated 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.	St. Louis	$26.3 billion
6	Focus Advisor Solutions, LLC	St. Louis	$11.6 billion
7	Moneta Group Investment Advisors, LLC	St. Louis	$7.7 billion
8	Modern Wealth Management, LLC	Kansas City	$4.8 billion
9	Plancorp, LLC	St. Louis	$3.3 billion
10	Benjamin F. Edwards & Company, Incorporated 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.	St. Louis	$3.3 billion

Top 100 in Missouri

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

Wealth firms with the most clients, including broker-dealer firms in Missouri, top 10
Rank	Firm	City	Most clients
1	Edward Jones 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.	St. Louis	4,098,071
2	Wells Fargo 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.	St. Louis	1,329,470
3	Wells Fargo 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.	St. Louis	469,565
4	Stifel, Nicolaus & Company, Incorporated 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.	St. Louis	236,191
5	Focus Partners Wealth, LLC	St. Louis	63,966
6	Focus Advisor Solutions, LLC	St. Louis	36,817
7	Benjamin F. Edwards & Company, Incorporated 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.	St. Louis	33,080
8	Cornerstone Wealth Management, LLC	Des Peres	12,695
9	Modern Wealth Management, LLC	Kansas City	11,939
10	Moneta Group Investment Advisors, LLC	St. Louis	9,801

Top 100 in Missouri

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 Missouri, top 10
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	UMB Financial Services, 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.	Kansas City	51.4%	1,394
10	Plancorp, LLC	St. Louis	50.1%	1,604

Top 100 in Missouri

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

Wealth firms with the most accounts, including broker-dealer firms in Missouri, top 10
Rank	Firm	City	Most accounts
1	Edward Jones 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.	St. Louis	5,630,517
2	Wells Fargo 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.	St. Louis	1,324,168
3	First Class Capital	Liberty	1,000,000
4	Wells Fargo 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.	St. Louis	466,575
5	Stifel, Nicolaus & Company, Incorporated 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.	St. Louis	394,160
6	Focus Partners Wealth, LLC	St. Louis	220,585
7	Focus Advisor Solutions, LLC	St. Louis	91,359
8	Benjamin F. Edwards & Company, Incorporated 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.	St. Louis	55,423
9	Moneta Group Investment Advisors, LLC	St. Louis	48,410
10	Modern Wealth Management, LLC	Kansas City	30,617

Top 100 in Missouri

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

Wealth firms with the most advisory staff, including broker-dealer firms in Missouri, top 10
Rank	Firm	City	Most advisory staff
1	Edward Jones 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.	St. Louis	20,304
2	Wells Fargo 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.	St. Louis	7,957
3	Stifel, Nicolaus & Company, Incorporated 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.	St. Louis	3,079
4	Wells Fargo 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.	St. Louis	2,366
5	Focus Partners Wealth, LLC	St. Louis	1,025
6	Benjamin F. Edwards & Company, Incorporated 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.	St. Louis	450
7	Moneta Group Investment Advisors, LLC	St. Louis	239
8	Stifel Independent Advisors, 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.	St. Louis	132
9	Cornerstone Wealth Management, LLC	Des Peres	102
9	Modern Wealth Management, LLC	Kansas City	102

Top 100 in Missouri

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 Missouri, top 10
Rank	Firm	City	Most high net worth clients
1	Wells Fargo 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.	St. Louis	654,519
2	Edward Jones 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.	St. Louis	372,771
3	Wells Fargo 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.	St. Louis	233,869
4	Stifel, Nicolaus & Company, Incorporated 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.	St. Louis	73,687
5	Focus Partners Wealth, LLC	St. Louis	30,177
6	Focus Advisor Solutions, LLC	St. Louis	9,302
7	Moneta Group Investment Advisors, LLC	St. Louis	5,460
8	Cornerstone Wealth Management, LLC	Des Peres	3,511
9	Modern Wealth Management, LLC	Kansas City	2,529
10	Stifel Independent Advisors, 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.	St. Louis	2,124

Top 100 in Missouri

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

Wealth firms with the most CFP professionals, including broker-dealer firms in Missouri, top 10
Rank	Firm	City	Most CFP professionals
1	Edward Jones 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.	St. Louis	5,078
2	Wells Fargo 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.	St. Louis	1,220
3	Wells Fargo 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.	St. Louis	633
4	Focus Partners Wealth, LLC	St. Louis	451
5	Stifel, Nicolaus & Company, Incorporated 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.	St. Louis	414
6	Moneta Group Investment Advisors, LLC	St. Louis	178
7	Benjamin F. Edwards & Company, Incorporated 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.	St. Louis	93
8	Modern Wealth Management, LLC	Kansas City	61
9	Forvis Mazars Wealth Advisors, LLC	Springfield	48
10	Plancorp, LLC	St. Louis	37

Top 100 in Missouri

Newest wealth firms, including broker-dealer firms

Newest wealth firms, including broker-dealer firms in Missouri, top 10
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 wealth firms based in Missouri, 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	89
October 1, 2019	96
October 1, 2020	102
October 4, 2021	108
October 3, 2022	117
October 5, 2023	117
October 1, 2024	125
September 2, 2025	130
October 2, 2026	146

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	$994.0 billion
October 1, 2019	$993.6 billion
October 1, 2020	$1.2 trillion
October 4, 2021	$1.4 trillion
October 3, 2022	$1.7 trillion
October 5, 2023	$1.5 trillion
October 1, 2024	$1.8 trillion
September 2, 2025	$2.1 trillion
October 2, 2026	$2.6 trillion

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	4,471,304
October 1, 2019	5,137,947
October 1, 2020	5,492,640
October 4, 2021	5,926,370
October 3, 2022	6,680,332
October 5, 2023	7,008,101
October 1, 2024	7,261,527
September 2, 2025	7,742,996
October 2, 2026	8,535,419

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	$419.3 million
October 1, 2019	$359.1 million
October 1, 2020	$382.2 million
October 4, 2021	$432.4 million
October 3, 2022	$400.8 million
October 5, 2023	$392.6 million
October 1, 2024	$409.2 million
September 2, 2025	$417.9 million
October 2, 2026	$371.7 million

The market in Missouri now

Headline figures

Headline figures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms	346	146	200
Regulatory assets under management	$2.6 trillion	$2.6 trillion	$6.1 billion
Accounts	9,560,635	8,535,419	1,025,216
Clients	6,428,252	6,410,994	17,258
Employees	72,408	72,025	383
Advisory employees	37,528	37,202	326
Investment adviser representatives	50,298	49,973	325
Median RAUM	$90.3 million	$371.7 million	$26.7 million
Average RAUM	$8.2 billion	$17.9 billion	$36.0 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	164	3	161
RAUM of firms under $100 million	$5.3 billion	$98.4 million	$5.2 billion
Firms $100 million to $250 million	51	43	8
RAUM of firms $100 million to $250 million	$7.8 billion	$7.0 billion	$855.8 million
Firms $250 million to $500 million	33	33	0
RAUM of firms $250 million to $500 million	$11.4 billion	$11.4 billion	$0
Firms $500 million to $1 billion	30	30	0
RAUM of firms $500 million to $1 billion	$21.2 billion	$21.2 billion	$0
Firms $1 billion to $5 billion	20	20	0
RAUM of firms $1 billion to $5 billion	$45.6 billion	$45.6 billion	$0
Firms $5 billion to $10 billion	3	3	0
RAUM of firms $5 billion to $10 billion	$15.7 billion	$15.7 billion	$0
Firms $10 billion and up	11	11	0
RAUM of firms $10 billion and up	$2.5 trillion	$2.5 trillion	$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		95.4%
Top 100 share of RAUM		99.5%

Concentration, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Top 10 share of RAUM	95.4%	95.6%	17.3%
Top 100 share of RAUM	99.5%	99.8%	91.1%

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		92.5%
Charge hourly fees		48.8%
Charge subscription fees		2.3%
Charge fixed fees		66.5%
Receive commissions		3.2%
Charge performance-based fees		4.0%
Other compensation		9.5%

How advisers are paid, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Charge a percentage of assets	92.5%	96.6%	89.5%
Charge hourly fees	48.8%	43.2%	53.0%
Charge subscription fees	2.3%	1.4%	3.0%
Charge fixed fees	66.5%	68.5%	65.0%
Receive commissions	3.2%	4.8%	2.0%
Charge performance-based fees	4.0%	3.4%	4.5%
Other compensation	9.5%	10.3%	9.0%

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	30.6%	52.7%	14.5%

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	8.1%	15.8%	2.5%

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	34	13	21
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	312	143	169
Discretionary RAUM	$1.6 trillion	$1.6 trillion	$4.9 billion
CFP professionals	8,687	8,605	82
25th percentile RAUM	$24.0 million	$190.7 million	$9.4 million
75th percentile RAUM	$346.9 million	$934.6 million	$56.1 million
90th percentile RAUM	$1.2 billion	$4.7 billion	$87.0 million
Average account size	$268,616	$300,168	$5,927
Offer financial planning	80.3%	86.3%	76.0%
RAUM growth, one year	No data	22.9%	No data

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

Cities

St. Louis 87 independent RIAs, $331.8 billion
Kansas City 37 independent RIAs, $17.0 billion
Springfield 21 independent RIAs, $13.8 billion
Chesterfield 21 independent RIAs, $7.3 billion
Clayton 12 independent RIAs, $5.3 billion
Columbia 18 independent RIAs, $3.1 billion
Lee's Summit 9 independent RIAs, $1.4 billion
St. Charles 8 independent RIAs, $1.3 billion
Wildwood 6 independent RIAs, $1.1 billion

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.