State market data

Wealth management firms in Nevada

As of October 2, 2026, 206 wealth management firms, including broker-dealer firms, based in Nevada reported $49.4 billion in regulatory assets under management; the largest by assets was The Ameriflex Group, with $9.7 billion.

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

Wealth management firms: 206
SEC-registered: 71
State-registered: 135
Regulatory assets under management: $49.4 billion
Client accounts: 128,105
Median firm size: $61.2 million
Of which broker-dealer affiliated: 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 wealth firms by assets under management, including broker-dealer firms

Largest wealth firms by assets under management, including broker-dealer firms in Nevada, top 10
Rank	Firm	City	RAUM
1	The Ameriflex Group 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.	Las Vegas	$9.7 billion
2	Belpointe Asset Management LLC	Reno	$7.6 billion
3	The Wealth Consulting Group	Las Vegas	$6.3 billion
4	The Investment Counsel Company	Las Vegas	$2.2 billion
5	Navellier & Associates Inc	Reno	$1.3 billion
6	Arista Wealth Management, LLC	Las Vegas	$1.2 billion
7	Argos Wealth Advisors LLC	Las Vegas	$1.0 billion
8	RB Capital Management, LLC	Reno	$930.6 million
9	Sierra Summit Advisors LLC	Incline Village	$780.8 million
10	American Wealth Management	Reno	$760.5 million

Top 100 in Nevada

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

Fastest-growing wealth firms over one year, including broker-dealer firms in Nevada, top 10
Rank	Firm	City	Growth	Starting value
1	Cassady Wealth & Retirement Planning L.L.C. 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.	Henderson	87.5%	$155.8 million
2	Bauman Wealth Advisors	Las Vegas	74.4%	$118.3 million
3	Brightree Wealth Management, LLC	Las Vegas	65.7%	$108.0 million
4	Navellier & Associates Inc	Reno	48.4%	$882.8 million
5	GK Wealth Management LLC	Reno	34.6%	$192.2 million
6	Conway Partners	Incline Village	33.9%	$124.2 million
7	Mission Financial Group, LLC	Las Vegas	33.5%	$232.8 million
8	Vantage Wealth Planning	Reno	33.3%	$198.6 million
9	Octavia Investments LLC	Las Vegas	31.4%	$248.9 million
10	Finley Financial, LLC	Las Vegas	28.5%	$202.3 million

Top 100 in Nevada

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

Fastest-growing wealth firms over three years, including broker-dealer firms in Nevada, top 10
Rank	Firm	City	Growth	Starting value
1	The Ameriflex Group 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.	Las Vegas	41.3%	$3.4 billion
2	Octavia Investments LLC	Las Vegas	37.4%	$126.2 million
3	Arista Wealth Management, LLC	Las Vegas	34.3%	$496.6 million
4	Mission Financial Group, LLC	Las Vegas	33.4%	$130.8 million
5	The Wealth Consulting Group	Las Vegas	30.9%	$2.8 billion
6	Diazo, LLC	Henderson	30.1%	$100.7 million
7	Bowers Wealth Management, Inc.	Glenbrook	26.1%	$148.8 million
8	Navellier & Associates Inc	Reno	25.6%	$661.2 million
9	One Wealth Map, LLC	Las Vegas	25.3%	$146.2 million
10	Belpointe Asset Management LLC	Reno	25.3%	$3.9 billion

Top 100 in Nevada

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

Fastest-growing wealth firms over five years, including broker-dealer firms in Nevada, top 10
Rank	Firm	City	Growth	Starting value
1	The Ameriflex Group 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.	Las Vegas	46.2%	$1.4 billion
2	Belpointe Asset Management LLC	Reno	29.6%	$2.1 billion
3	The Wealth Consulting Group	Las Vegas	23.9%	$2.2 billion
4	Arista Wealth Management, LLC	Las Vegas	21.9%	$446.1 million
5	Mission Financial Group, LLC	Las Vegas	21.7%	$116.5 million
6	Alaethes Wealth, LLC	Glenbrook	21.1%	$197.4 million
7	Sequoia Wealth Management Group	Gardnerville	17.7%	$105.4 million
8	Whalen Financial	Las Vegas	15.8%	$107.1 million
9	American Wealth Management	Reno	14.6%	$384.3 million
10	Open Window Financial Solutions, Ltd.	Reno	14.6%	$143.8 million

Top 100 in Nevada

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 Nevada, top 10
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	The Ameriflex Group 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.	Las Vegas	$302.5 million
6	Sanchez Gaunt Capital Management, LLC	Reno	$285.8 million
7	Manhattan Global Asset Management LLC	Las Vegas	$205.5 million
8	Arista Wealth Management, LLC	Las Vegas	$173.3 million
9	Sierra Summit Advisors LLC	Incline Village	$143.2 million
10	Argos Wealth Advisors LLC	Las Vegas	$141.8 million

Top 100 in Nevada

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

Wealth firms with the most clients, including broker-dealer firms in Nevada, top 10
Rank	Firm	City	Most clients
1	The Ameriflex Group 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.	Las Vegas	16,689
2	The Wealth Consulting Group	Las Vegas	13,265
3	Belpointe Asset Management LLC	Reno	7,713
4	Axos Invest, 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.	Las Vegas	6,792
5	Navellier & Associates Inc	Reno	1,321
6	Peterson Wealth Management, 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.	Sparks	1,144
7	Forthright Capital	Las Vegas	987
8	American Wealth Management	Reno	897
9	American Retirement Planning Group 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.	Las Vegas	870
10	Sanchez Gaunt Capital Management, LLC	Reno	830

Top 100 in Nevada

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 Nevada, top 10
Rank	Firm	City	Growth	Starting value
1	Cassady Wealth & Retirement Planning L.L.C. 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.	Henderson	95.7%	235
2	Forthright Capital	Las Vegas	55.2%	636
3	Bauman Wealth Advisors	Las Vegas	26.1%	391
4	Palisade Investments, LLC	Zephyr Cove	24.4%	537
5	Sierra Summit Advisors LLC	Incline Village	22.5%	129
6	The Investment Counsel Company	Las Vegas	21.3%	338
7	Arista Wealth Management, LLC	Las Vegas	21.3%	437
8	Diazo, LLC	Henderson	16.9%	290
9	Belpointe Asset Management LLC	Reno	16.2%	6,638
10	Mission Financial Group, LLC	Las Vegas	13.6%	332

Top 100 in Nevada

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

Wealth firms with the most accounts, including broker-dealer firms in Nevada, top 10
Rank	Firm	City	Most accounts
1	The Ameriflex Group 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.	Las Vegas	30,843
2	The Wealth Consulting Group	Las Vegas	21,593
3	Belpointe Asset Management LLC	Reno	18,990
4	Axos Invest, 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.	Las Vegas	6,794
5	The Investment Counsel Company	Las Vegas	2,210
6	Arista Wealth Management, LLC	Las Vegas	1,979
7	Sanchez Gaunt Capital Management, LLC	Reno	1,725
8	RB Capital Management, LLC	Reno	1,534
9	Forthright Capital	Las Vegas	1,363
10	GK Wealth Management LLC	Reno	1,330

Top 100 in Nevada

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

Wealth firms with the most advisory staff, including broker-dealer firms in Nevada, top 10
Rank	Firm	City	Most advisory staff
1	The Ameriflex Group 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.	Las Vegas	181
2	Belpointe Asset Management LLC	Reno	151
3	The Wealth Consulting Group	Las Vegas	131
4	Forthright Capital	Las Vegas	21
5	RB Capital Management, LLC	Reno	14
6	The Investment Counsel Company	Las Vegas	11
7	Arista Wealth Management, LLC	Las Vegas	10
7	Argos Wealth Advisors LLC	Las Vegas	10
7	Axos Invest, 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.	Las Vegas	10
10	Bauman Wealth Advisors	Las Vegas	8

Top 100 in Nevada

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 Nevada, top 10
Rank	Firm	City	Most high net worth clients
1	The Wealth Consulting Group	Las Vegas	4,214
2	The Ameriflex Group 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.	Las Vegas	2,229
3	Belpointe Asset Management LLC	Reno	1,321
4	Navellier & Associates Inc	Reno	1,264
5	The Investment Counsel Company	Las Vegas	384
6	American Wealth Management	Reno	200
7	RB Capital Management, LLC	Reno	198
8	Arista Wealth Management, LLC	Las Vegas	161
9	Aljian Capital Management	Carson City	154
10	Palisade Investments, LLC	Zephyr Cove	136

Top 100 in Nevada

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

Wealth firms with the most CFP professionals, including broker-dealer firms in Nevada, top 10
Rank	Firm	City	Most CFP professionals
1	The Ameriflex Group 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.	Las Vegas	84
2	The Wealth Consulting Group	Las Vegas	37
3	Belpointe Asset Management LLC	Reno	29
4	Schultz Financial Group Incorporated	Reno	4
4	American Wealth Management	Reno	4
6	RB Capital Management, LLC	Reno	3
7	The Investment Counsel Company	Las Vegas	2
7	GW Financial	Reno	2
7	Open Window Financial Solutions, Ltd.	Reno	2
7	Vantage Wealth Planning	Reno	2

Top 100 in Nevada

Newest wealth firms, including broker-dealer firms

Newest wealth firms, including broker-dealer firms in Nevada, top 10
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 wealth firms based in Nevada, 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	24
October 1, 2019	26
October 1, 2020	34
October 4, 2021	39
October 3, 2022	41
October 5, 2023	42
October 1, 2024	42
September 2, 2025	44
October 2, 2026	71

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	$6.0 billion
October 1, 2019	$6.3 billion
October 1, 2020	$8.4 billion
October 4, 2021	$14.9 billion
October 3, 2022	$20.1 billion
October 5, 2023	$19.0 billion
October 1, 2024	$26.9 billion
September 2, 2025	$34.0 billion
October 2, 2026	$46.3 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	51,229
October 1, 2019	41,777
October 1, 2020	63,157
October 4, 2021	68,653
October 3, 2022	65,211
October 5, 2023	79,919
October 1, 2024	103,716
September 2, 2025	106,142
October 2, 2026	117,983

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	$153.1 million
October 1, 2019	$170.5 million
October 1, 2020	$162.2 million
October 4, 2021	$181.1 million
October 3, 2022	$193.2 million
October 5, 2023	$166.7 million
October 1, 2024	$178.4 million
September 2, 2025	$208.8 million
October 2, 2026	$240.2 million

The market in Nevada now

Headline figures

Headline figures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms	206	71	135
Regulatory assets under management	$49.4 billion	$46.3 billion	$3.2 billion
Accounts	128,105	117,983	10,122
Clients	70,860	63,516	7,344
Employees	1,149	951	198
Advisory employees	897	719	178
Investment adviser representatives	961	773	188
Median RAUM	$61.2 million	$240.2 million	$21.6 million
Average RAUM	$277.7 million	$660.8 million	$29.4 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	109	2	107
RAUM of firms under $100 million	$3.1 billion	$98.6 million	$3.0 billion
Firms $100 million to $250 million	35	34	1
RAUM of firms $100 million to $250 million	$6.0 billion	$5.9 billion	$125.9 million
Firms $250 million to $500 million	20	20	0
RAUM of firms $250 million to $500 million	$6.1 billion	$6.1 billion	$0
Firms $500 million to $1 billion	7	7	0
RAUM of firms $500 million to $1 billion	$4.9 billion	$4.9 billion	$0
Firms $1 billion to $5 billion	4	4	0
RAUM of firms $1 billion to $5 billion	$5.7 billion	$5.7 billion	$0
Firms $5 billion to $10 billion	3	3	0
RAUM of firms $5 billion to $10 billion	$23.5 billion	$23.5 billion	$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		64.2%
Top 100 share of RAUM		97.9%

Concentration, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Top 10 share of RAUM	64.2%	68.6%	28.8%
Top 100 share of RAUM	97.9%	No data	99.8%

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		96.1%
Charge hourly fees		51.9%
Charge subscription fees		3.4%
Charge fixed fees		57.8%
Receive commissions		1.5%
Charge performance-based fees		8.3%
Other compensation		7.8%

How advisers are paid, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Charge a percentage of assets	96.1%	97.2%	95.6%
Charge hourly fees	51.9%	52.1%	51.9%
Charge subscription fees	3.4%	1.4%	4.4%
Charge fixed fees	57.8%	60.6%	56.3%
Receive commissions	1.5%	1.4%	1.5%
Charge performance-based fees	8.3%	5.6%	9.6%
Other compensation	7.8%	4.2%	9.6%

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	25.2%	47.9%	13.3%

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	2.9%	5.6%	1.5%

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	27	6	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	178	70	108
Discretionary RAUM	$45.0 billion	$42.4 billion	$2.6 billion
CFP professionals	236	202	34
25th percentile RAUM	$14.0 million	$162.7 million	$5.1 million
75th percentile RAUM	$204.7 million	$342.9 million	$51.1 million
90th percentile RAUM	$333.4 million	$941.4 million	$70.8 million
Average account size	$385,857	$392,078	$313,342
Offer financial planning	70.9%	77.5%	67.4%
RAUM growth, one year	No data	35.9%	No data

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

Cities

Las Vegas 86 independent RIAs, $17.9 billion
Reno 44 independent RIAs, $13.5 billion
Henderson 28 independent RIAs, $1.8 billion
Incline Village 12 independent RIAs, $1.6 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.