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Independent RIAs in Nevada

As of October 2, 2026, 200 independent wealth management RIAs based in Nevada reported $38.7 billion in regulatory assets under management; the largest by assets was Belpointe Asset Management LLC, with $7.6 billion.

Include wirehouses and broker-dealer firms

Independent wealth management RIAs
200
SEC-registered
66
State-registered
134
Regulatory assets under management
$38.7 billion
Client accounts
87,519
Median firm size
$54.0 million
Broker-dealer affiliated firms, not included
6, with $10.8 billion

Nevada requires IAR continuing education, in effect since 2024. Status from NASAA's IAR CE map, checked October 5, 2026. IAR CE in Nevada.

Top firms in Nevada

Largest independent RIAs by assets under management

Rank Firm City RAUM
1 Belpointe Asset Management LLC Reno $7.6 billion
2 The Wealth Consulting Group Las Vegas $6.3 billion
3 The Investment Counsel Company Las Vegas $2.2 billion
4 Navellier & Associates Inc Reno $1.3 billion
5 Arista Wealth Management, LLC Las Vegas $1.2 billion
6 Argos Wealth Advisors LLC Las Vegas $1.0 billion
7 RB Capital Management, LLC Reno $930.6 million
8 Sierra Summit Advisors LLC Incline Village $780.8 million
9 American Wealth Management Reno $760.5 million
10 Palisade Investments, LLC Zephyr Cove $652.7 million

Top 100 in Nevada

Fastest-growing independent RIAs over one year

Rank Firm City Growth Starting value
1 Bauman Wealth Advisors Las Vegas 74.4% $118.3 million
2 Brightree Wealth Management, LLC Las Vegas 65.7% $108.0 million
3 Navellier & Associates Inc Reno 48.4% $882.8 million
4 GK Wealth Management LLC Reno 34.6% $192.2 million
5 Conway Partners Incline Village 33.9% $124.2 million
6 Mission Financial Group, LLC Las Vegas 33.5% $232.8 million
7 Vantage Wealth Planning Reno 33.3% $198.6 million
8 Octavia Investments LLC Las Vegas 31.4% $248.9 million
9 Finley Financial, LLC Las Vegas 28.5% $202.3 million
10 Palisade Investments, LLC Zephyr Cove 27.2% $513.0 million

Top 100 in Nevada

Fastest-growing independent RIAs over three years

Rank Firm City Growth Starting value
1 Octavia Investments LLC Las Vegas 37.4% $126.2 million
2 Arista Wealth Management, LLC Las Vegas 34.3% $496.6 million
3 Mission Financial Group, LLC Las Vegas 33.4% $130.8 million
4 The Wealth Consulting Group Las Vegas 30.9% $2.8 billion
5 Diazo, LLC Henderson 30.1% $100.7 million
6 Bowers Wealth Management, Inc. Glenbrook 26.1% $148.8 million
7 Navellier & Associates Inc Reno 25.6% $661.2 million
8 One Wealth Map, LLC Las Vegas 25.3% $146.2 million
9 Belpointe Asset Management LLC Reno 25.3% $3.9 billion
10 Vantage Wealth Planning Reno 25.2% $134.9 million

Top 100 in Nevada

Fastest-growing independent RIAs over five years

Rank Firm City Growth Starting value
1 Belpointe Asset Management LLC Reno 29.6% $2.1 billion
2 The Wealth Consulting Group Las Vegas 23.9% $2.2 billion
3 Arista Wealth Management, LLC Las Vegas 21.9% $446.1 million
4 Mission Financial Group, LLC Las Vegas 21.7% $116.5 million
5 Alaethes Wealth, LLC Glenbrook 21.1% $197.4 million
6 Sequoia Wealth Management Group Gardnerville 17.7% $105.4 million
7 Whalen Financial Las Vegas 15.8% $107.1 million
8 American Wealth Management Reno 14.6% $384.3 million
9 Open Window Financial Solutions, Ltd. Reno 14.6% $143.8 million
10 McBroom & Associates, LLC Las Vegas 13.5% $128.8 million

Top 100 in Nevada

Independent RIAs with the biggest asset gains over one year

Rank Firm City Increase
1 Belpointe Asset Management LLC Reno $1.6 billion
2 The Wealth Consulting Group Las Vegas $830.1 million
3 Navellier & Associates Inc Reno $427.2 million
4 The Investment Counsel Company Las Vegas $343.0 million
5 Sanchez Gaunt Capital Management, LLC Reno $285.8 million
6 Manhattan Global Asset Management LLC Las Vegas $205.5 million
7 Arista Wealth Management, LLC Las Vegas $173.3 million
8 Sierra Summit Advisors LLC Incline Village $143.2 million
9 Argos Wealth Advisors LLC Las Vegas $141.8 million
10 Palisade Investments, LLC Zephyr Cove $139.7 million

Top 100 in Nevada

Independent RIAs with the most clients

Rank Firm City Most clients
1 The Wealth Consulting Group Las Vegas 13,265
2 Belpointe Asset Management LLC Reno 7,713
3 Navellier & Associates Inc Reno 1,321
4 Forthright Capital Las Vegas 987
5 American Wealth Management Reno 897
6 Sanchez Gaunt Capital Management, LLC Reno 830
7 Palisade Investments, LLC Zephyr Cove 668
8 RB Capital Management, LLC Reno 648
9 GK Wealth Management LLC Reno 534
10 Read & Powell Financial Services, LLC Elko 530

Top 100 in Nevada

Independent RIAs with the fastest client growth over one year

Rank Firm City Growth Starting value
1 Forthright Capital Las Vegas 55.2% 636
2 Bauman Wealth Advisors Las Vegas 26.1% 391
3 Palisade Investments, LLC Zephyr Cove 24.4% 537
4 Sierra Summit Advisors LLC Incline Village 22.5% 129
5 The Investment Counsel Company Las Vegas 21.3% 338
6 Arista Wealth Management, LLC Las Vegas 21.3% 437
7 Diazo, LLC Henderson 16.9% 290
8 Belpointe Asset Management LLC Reno 16.2% 6,638
9 Mission Financial Group, LLC Las Vegas 13.6% 332
10 Bowers Wealth Management, Inc. Glenbrook 12.6% 151

Top 100 in Nevada

Independent RIAs with the most accounts

Rank Firm City Most accounts
1 The Wealth Consulting Group Las Vegas 21,593
2 Belpointe Asset Management LLC Reno 18,990
3 The Investment Counsel Company Las Vegas 2,210
4 Arista Wealth Management, LLC Las Vegas 1,979
5 Sanchez Gaunt Capital Management, LLC Reno 1,725
6 RB Capital Management, LLC Reno 1,534
7 Forthright Capital Las Vegas 1,363
8 GK Wealth Management LLC Reno 1,330
9 Navellier & Associates Inc Reno 1,321
10 Palisade Investments, LLC Zephyr Cove 1,214

Top 100 in Nevada

Independent RIAs with the most advisory staff

Rank Firm City Most advisory staff
1 Belpointe Asset Management LLC Reno 151
2 The Wealth Consulting Group Las Vegas 131
3 Forthright Capital Las Vegas 21
4 RB Capital Management, LLC Reno 14
5 The Investment Counsel Company Las Vegas 11
6 Arista Wealth Management, LLC Las Vegas 10
6 Argos Wealth Advisors LLC Las Vegas 10
8 Bauman Wealth Advisors Las Vegas 8
9 Palisade Investments, LLC Zephyr Cove 7
10 Black Card Circle Las Vegas 6

Top 100 in Nevada

Independent RIAs with the most high net worth clients

Rank Firm City Most high net worth clients
1 The Wealth Consulting Group Las Vegas 4,214
2 Belpointe Asset Management LLC Reno 1,321
3 Navellier & Associates Inc Reno 1,264
4 The Investment Counsel Company Las Vegas 384
5 American Wealth Management Reno 200
6 RB Capital Management, LLC Reno 198
7 Arista Wealth Management, LLC Las Vegas 161
8 Aljian Capital Management Carson City 154
9 Palisade Investments, LLC Zephyr Cove 136
10 Sierra Summit Advisors LLC Incline Village 135

Top 100 in Nevada

Independent RIAs with the most CFP professionals

Rank Firm City Most CFP professionals
1 The Wealth Consulting Group Las Vegas 37
2 Belpointe Asset Management LLC Reno 29
3 Schultz Financial Group Incorporated Reno 4
3 American Wealth Management Reno 4
5 RB Capital Management, LLC Reno 3
6 The Investment Counsel Company Las Vegas 2
6 GW Financial Reno 2
6 Open Window Financial Solutions, Ltd. Reno 2
6 Vantage Wealth Planning Reno 2
6 Diazo, LLC Henderson 2

Top 100 in Nevada

Newest independent RIAs

Rank Firm City Amount
1 Holm & Cawley Financial Group LLC Las Vegas $128.8 million
2 Sierra Management Group Reno $127.1 million
3 Private Wealth Management LLC Las Vegas $126.2 million
4 RJJ Pasadena Securities, Inc. Henderson $115.2 million
5 Powerhouse Financial Advisors, Inc. Minden $108.2 million
6 Legacy Wealth Group Las Vegas $67.4 million
7 Fed Advisors, Inc Henderson $5.8 million
8 Discretionary Inc. Reno $1.4 million
9 Sagebrush Wealth Partners Elko $260,000
10 MacDonald Wealth Associates LLC Las Vegas $0

Top 100 in Nevada

Over time

From the SEC's yearly files: SEC-registered independent RIAs based in Nevada, 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.
02040608020182020202120232024202666October 1, 2018: 22October 1, 2019: 24October 1, 2020: 32October 4, 2021: 38October 3, 2022: 40October 5, 2023: 39October 1, 2024: 38September 2, 2025: 40October 2, 2026: 66
Data table
As ofFirms
October 1, 201822
October 1, 201924
October 1, 202032
October 4, 202138
October 3, 202240
October 5, 202339
October 1, 202438
September 2, 202540
October 2, 202666
Regulatory assets under managementSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
$0$10B$20B$30B$40B201820202021202320242026$35.6BOctober 1, 2018: $5.8 billionOctober 1, 2019: $6.2 billionOctober 1, 2020: $8.2 billionOctober 4, 2021: $14.7 billionOctober 3, 2022: $19.8 billionOctober 5, 2023: $15.3 billionOctober 1, 2024: $19.9 billionSeptember 2, 2025: $24.2 billionOctober 2, 2026: $35.6 billion
Data table
As ofRegulatory assets under management
October 1, 2018$5.8 billion
October 1, 2019$6.2 billion
October 1, 2020$8.2 billion
October 4, 2021$14.7 billion
October 3, 2022$19.8 billion
October 5, 2023$15.3 billion
October 1, 2024$19.9 billion
September 2, 2025$24.2 billion
October 2, 2026$35.6 billion
Client accountsSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
020K40K60K80K20182020202120232024202677.6KOctober 1, 2018: 16,261October 1, 2019: 18,117October 1, 2020: 30,954October 4, 2021: 43,076October 3, 2022: 45,353October 5, 2023: 49,405October 1, 2024: 67,368September 2, 2025: 60,987October 2, 2026: 77,646
Data table
As ofClient accounts
October 1, 201816,261
October 1, 201918,117
October 1, 202030,954
October 4, 202143,076
October 3, 202245,353
October 5, 202349,405
October 1, 202467,368
September 2, 202560,987
October 2, 202677,646
Median firm size (RAUM)SEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
$0$100M$200M$300M201820202021202320242026$223MOctober 1, 2018: $186.5 millionOctober 1, 2019: $170.5 millionOctober 1, 2020: $162.2 millionOctober 4, 2021: $176.2 millionOctober 3, 2022: $192.8 millionOctober 5, 2023: $170.9 millionOctober 1, 2024: $178.4 millionSeptember 2, 2025: $208.8 millionOctober 2, 2026: $223.0 million
Data table
As ofMedian firm size (RAUM)
October 1, 2018$186.5 million
October 1, 2019$170.5 million
October 1, 2020$162.2 million
October 4, 2021$176.2 million
October 3, 2022$192.8 million
October 5, 2023$170.9 million
October 1, 2024$178.4 million
September 2, 2025$208.8 million
October 2, 2026$223.0 million

The market in Nevada now

Headline figures

MeasureIndependent RIAsSEC-registeredState-registered
Firms20066134
Regulatory assets under management$38.7 billion$35.6 billion$3.1 billion
Accounts87,51977,6469,873
Clients44,50037,5616,939
Employees917720197
Advisory employees695518177
Investment adviser representatives724537187
Median RAUM$54.0 million$223.0 million$20.9 million
Average RAUM$224.8 million$547.0 million$29.1 million

Firms by size

Advisers grouped by regulatory assets under management.

MeasureIndependent RIAsSEC-registeredState-registered
Firms under $100 million1082106
RAUM of firms under $100 million$3.1 billion$98.6 million$3.0 billion
Firms $100 million to $250 million34331
RAUM of firms $100 million to $250 million$5.8 billion$5.7 billion$125.9 million
Firms $250 million to $500 million17170
RAUM of firms $250 million to $500 million$5.2 billion$5.2 billion$0
Firms $500 million to $1 billion770
RAUM of firms $500 million to $1 billion$4.9 billion$4.9 billion$0
Firms $1 billion to $5 billion440
RAUM of firms $1 billion to $5 billion$5.7 billion$5.7 billion$0
Firms $5 billion to $10 billion220
RAUM of firms $5 billion to $10 billion$13.9 billion$13.9 billion$0
Firms $10 billion and up000
RAUM of firms $10 billion and up$0$0$0

Concentration

How much of the market the largest advisers hold.

Concentration: independent RIAsAs of October 2, 2026.
Top 10 share of RAUM 58.7%
Top 100 share of RAUM 97.9%
MeasureIndependent RIAsSEC-registeredState-registered
Top 10 share of RAUM58.7%63.9%29.4%
Top 100 share of RAUM97.9%No data99.9%

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 96.0%
Charge hourly fees 51.5%
Charge subscription fees 3.5%
Charge fixed fees 58.0%
Receive commissions 1.5%
Charge performance-based fees 8.5%
Other compensation 8.0%
MeasureIndependent RIAsSEC-registeredState-registered
Charge a percentage of assets96.0%97.0%95.5%
Charge hourly fees51.5%50.0%52.2%
Charge subscription fees3.5%1.5%4.5%
Charge fixed fees58.0%60.6%56.7%
Receive commissions1.5%1.5%1.5%
Charge performance-based fees8.5%6.1%9.7%
Other compensation8.0%4.5%9.7%

Custody

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

MeasureIndependent RIAsSEC-registeredState-registered
Have custody25.0%48.5%13.4%

Broker-dealer and other affiliations

From Form ADV Items 6 and 7.

MeasureIndependent RIAsSEC-registeredState-registered
Broker-dealer affiliated0.5%0.0%0.7%

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 registrations27621
SuccessionsNo data0No data

Other measures

MeasureIndependent RIAsSEC-registeredState-registered
Firms reporting RAUM17265107
Discretionary RAUM$36.0 billion$33.4 billion$2.6 billion
CFP professionals14911534
25th percentile RAUM$11.0 million$161.5 million$5.0 million
75th percentile RAUM$182.9 million$327.0 million$48.3 million
90th percentile RAUM$310.4 million$870.7 million$71.2 million
Average account size$441,844$457,952$315,167
Offer financial planning71.0%77.3%67.9%
RAUM growth, one yearNo data47.2%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.