State market data

Independent RIAs in New York

As of October 2, 2026, 1,331 independent wealth management RIAs based in New York reported $851.2 billion in regulatory assets under management; the largest by assets was Cerity Partners LLC, with $161.7 billion.

Include wirehouses and broker-dealer firms

Independent wealth management RIAs: 1,331
SEC-registered: 734
State-registered: 597
Regulatory assets under management: $851.2 billion
Client accounts: 2,239,371
Median firm size: $64.8 million
Broker-dealer affiliated firms, not included: 134, with $5.1 trillion

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

Top firms in New York

Largest independent RIAs by assets under management

Largest independent RIAs by assets under management in New York, top 10
Rank	Firm	City	RAUM
1	Cerity Partners LLC	New York	$161.7 billion
2	Betterment	New York	$69.5 billion
3	First Manhattan Co. LLC	New York	$38.1 billion
4	BBR Partners, LLC	New York	$36.5 billion
5	Wealthspire Advisors	New York	$34.3 billion
6	Tiedemann Advisors, LLC	New York	$31.0 billion
7	Silvercrest Asset Management Group LLC	New York	$28.3 billion
8	Arax Advisory Partners	New York	$26.5 billion
9	Offit Capital	New York	$20.6 billion
10	Summit Trail Advisors, LLC	New York	$19.9 billion

Top 100 in New York

Fastest-growing independent RIAs over one year

Fastest-growing independent RIAs over one year in New York, top 10
Rank	Firm	City	Growth	Starting value
1	Vise AI Advisors	New York City	291.8%	$2.2 billion
2	Savvy	New York	286.1%	$1.3 billion
3	Arax Advisory Partners	New York	262.4%	$7.3 billion
4	Osprey Private Wealth LLC	New York	176.6%	$162.1 million
5	Hudson Capital Advisory, Inc.	Buffalo	146.3%	$133.0 million
6	Retirable	New York	130.4%	$130.6 million
7	Quartz Partners Investment Management	Saratoga Springs	117.7%	$281.0 million
8	Seeds	New York	106.2%	$485.6 million
9	Lifegoal Investments, LLC	Saratoga Springs	103.4%	$175.0 million
10	Autopilot	New York	93.2%	$462.0 million

Top 100 in New York

Fastest-growing independent RIAs over three years

Fastest-growing independent RIAs over three years in New York, top 10
Rank	Firm	City	Growth	Starting value
1	Carrick Lane LLC	New York	76.1%	$554.8 million
2	Cannell & Spears LLC	New York	61.1%	$1.7 billion
3	Brooklyn FI, LLC	Brooklyn	55.0%	$151.1 million
4	Ascend Interplay, LLC	New York	52.5%	$110.0 million
5	Cove Private Wealth, LLC	Oyster Bay	49.9%	$135.3 million
6	Cerity Partners LLC	New York	44.7%	$53.3 billion
7	Onyx Bridge Wealth Group LLC	Tarrytown	43.0%	$468.9 million
8	Rialto Wealth Management	Syracuse	42.0%	$218.6 million
9	Navis Wealth Advisors LLC	Rye Brook	41.7%	$317.4 million
10	O'Keefe Stevens Advisory, Inc.	Rochester	39.5%	$215.8 million

Top 100 in New York

Fastest-growing independent RIAs over five years

Fastest-growing independent RIAs over five years in New York, top 10
Rank	Firm	City	Growth	Starting value
1	Arax Advisory Partners	New York	91.2%	$1.0 billion
2	Quent Capital, LLC	New York	81.6%	$104.1 million
3	Carrick Lane LLC	New York	80.4%	$158.6 million
4	Shade Tree Advisors LLC	Saratoga Springs	45.0%	$226.8 million
5	Cerity Partners LLC	New York	43.3%	$26.7 billion
6	Ritholtz Wealth Management	New York	39.2%	$1.8 billion
7	Giverny Capital Asset Management	New York	38.1%	$119.2 million
8	Onyx Bridge Wealth Group LLC	Tarrytown	35.8%	$296.9 million
9	Goalvest Advisory LLC	New York	35.4%	$170.8 million
10	Cannell & Spears LLC	New York	31.0%	$1.8 billion

Top 100 in New York

Independent RIAs with the biggest asset gains over one year

Independent RIAs with the biggest asset gains over one year in New York, top 10
Rank	Firm	City	Increase
1	Cerity Partners LLC	New York	$38.8 billion
2	Arax Advisory Partners	New York	$19.2 billion
3	Betterment	New York	$13.2 billion
4	Wealthspire Advisors	New York	$8.5 billion
5	Vise AI Advisors	New York City	$6.3 billion
6	BBR Partners, LLC	New York	$5.3 billion
7	Savvy	New York	$3.7 billion
8	First Manhattan Co. LLC	New York	$3.6 billion
9	Ritholtz Wealth Management	New York	$3.0 billion
10	Stelac Advisory Services LLC	New York	$2.2 billion

Top 100 in New York

Independent RIAs with the most clients

Independent RIAs with the most clients in New York, top 10
Rank	Firm	City	Most clients
1	Betterment	New York	1,022,734
2	Alinea Advisory Services LLC	New York	115,693
3	Autopilot	New York	103,270
4	Titan	New York	41,733
5	Finhabits Advisors, LLC	New York	33,180
6	Addition Wealth Successor: Reported on Form ADV Item 4 that it succeeded to the business of another registered investment adviser. Some of its growth may come from that acquisition, and it is shown as reported.	New York	26,785
7	Cerity Partners LLC	New York	26,283
8	Zoe Financial, Inc.	New York	22,227
9	Vise AI Advisors	New York City	16,405
10	Arax Advisory Partners	New York	15,678

Successor Reported on Form ADV Item 4 that it succeeded to the business of another registered investment adviser. Some of its growth may come from that acquisition, and it is shown as reported.

Top 100 in New York

Independent RIAs with the fastest client growth over one year

Independent RIAs with the fastest client growth over one year in New York, top 10
Rank	Firm	City	Growth	Starting value
1	Savvy	New York	283.2%	1,273
2	Saperston Legacy Advisors, Inc.	Hamburg	260.3%	121
3	Maridea Wealth Management	Brooklyn	257.8%	587
4	Addition Wealth Successor: Reported on Form ADV Item 4 that it succeeded to the business of another registered investment adviser. Some of its growth may come from that acquisition, and it is shown as reported.	New York	247.9%	7,700
5	Arax Advisory Partners	New York	240.0%	4,611
6	Alinea Advisory Services LLC	New York	229.8%	35,075
7	Vise AI Advisors	New York City	222.7%	5,083
8	Scout	Clifton Park	168.0%	465
9	Collins Advisors, LLC	Buffalo	127.0%	256
10	Old Bridge Wealth, Inc	Syosset	120.9%	134

Successor Reported on Form ADV Item 4 that it succeeded to the business of another registered investment adviser. Some of its growth may come from that acquisition, and it is shown as reported.

Top 100 in New York

Independent RIAs with the most accounts

Independent RIAs with the most accounts in New York, top 10
Rank	Firm	City	Most accounts
1	Betterment	New York	1,344,483
2	Alinea Advisory Services LLC	New York	115,693
3	Autopilot	New York	103,270
4	Titan	New York	50,651
5	Arax Advisory Partners	New York	39,138
6	Finhabits Advisors, LLC	New York	33,945
7	Cerity Partners LLC	New York	26,230
8	Vise AI Advisors	New York City	16,405
9	Savvy	New York	14,645
10	Ritholtz Wealth Management	New York	13,828

Top 100 in New York

Independent RIAs with the most advisory staff

Independent RIAs with the most advisory staff in New York, top 10
Rank	Firm	City	Most advisory staff
1	Cerity Partners LLC	New York	1,102
2	Wealthspire Advisors	New York	220
3	Arax Advisory Partners	New York	168
4	Savvy	New York	101
5	Silvercrest Asset Management Group LLC	New York	92
6	Compound Planning, Inc.	New York	76
7	Tiedemann Advisors, LLC	New York	64
8	Offit Capital	New York	55
9	The Pinnacle Financial Group	Rockville Centre	54
10	BBR Partners, LLC	New York	53

Top 100 in New York

Independent RIAs with the most high net worth clients

Independent RIAs with the most high net worth clients in New York, top 10
Rank	Firm	City	Most high net worth clients
1	Betterment	New York	24,685
2	Cerity Partners LLC	New York	14,561
3	Wealthspire Advisors	New York	5,553
4	Arax Advisory Partners	New York	4,949
5	First Manhattan Co. LLC	New York	3,828
6	Titan	New York	2,862
7	Cannell & Spears LLC	New York	1,937
8	Vise AI Advisors	New York City	1,870
9	Ritholtz Wealth Management	New York	1,445
10	Williams Jones Wealth Management, LLC	New York	1,335

Top 100 in New York

Independent RIAs with the most CFP professionals

Independent RIAs with the most CFP professionals in New York, top 10
Rank	Firm	City	Most CFP professionals
1	Cerity Partners LLC	New York	312
2	Wealthspire Advisors	New York	102
3	Savvy	New York	86
4	Arax Advisory Partners	New York	39
5	Compound Planning, Inc.	New York	35
6	Ritholtz Wealth Management	New York	28
7	Domain Money Advisors, LLC	New York	17
7	Fruitful	New York	17
9	Altfest Personal Wealth Management	New York	15
10	Joel Isaacson & Co., LLC	New York	14

Top 100 in New York

Newest independent RIAs

Newest independent RIAs in New York, top 10
Rank	Firm	City	Amount
1	Sharpe Advisors, LLC	New York	$1.2 billion
2	Jack Creek Partners LLC	New York	$809.0 million
3	Blue Horizon Equity, Inc.	Pittsford	$745.9 million
4	Veneroso Wealth Management	Woodbury	$298.8 million
5	Factorpoint Planning, LLC	Pittsford	$287.9 million
6	Tailored Wealth Solutions	Saratoga Springs	$271.8 million
7	Lionhunter Capital Management LLC	New York	$266.8 million
8	Unified Retirement Planning Group	Briarcliff Manor	$197.0 million
9	Quantstreet Capital	Rye	$192.6 million
10	Ives Hill Wealth Management	Dewitt	$183.1 million

Top 100 in New York

Over time

From the SEC's yearly files: SEC-registered independent RIAs based in New York, 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.

Data table

Firms
As of	Firms
October 1, 2018	580
October 1, 2019	591
October 1, 2020	606
October 4, 2021	612
October 3, 2022	625
October 5, 2023	613
October 1, 2024	587
September 2, 2025	589
October 2, 2026	734

Regulatory assets under managementSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Regulatory assets under management
As of	Regulatory assets under management
October 1, 2018	$346.7 billion
October 1, 2019	$341.7 billion
October 1, 2020	$373.0 billion
October 4, 2021	$443.3 billion
October 3, 2022	$563.5 billion
October 5, 2023	$516.8 billion
October 1, 2024	$600.3 billion
September 2, 2025	$720.2 billion
October 2, 2026	$845.8 billion

Client accountsSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Client accounts
As of	Client accounts
October 1, 2018	470,843
October 1, 2019	504,357
October 1, 2020	581,512
October 4, 2021	711,656
October 3, 2022	1,687,417
October 5, 2023	1,652,000
October 1, 2024	1,662,254
September 2, 2025	2,020,743
October 2, 2026	2,221,974

Median firm size (RAUM)SEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Median firm size (RAUM)
As of	Median firm size (RAUM)
October 1, 2018	$137.0 million
October 1, 2019	$127.0 million
October 1, 2020	$135.5 million
October 4, 2021	$142.6 million
October 3, 2022	$166.3 million
October 5, 2023	$145.5 million
October 1, 2024	$149.6 million
September 2, 2025	$178.5 million
October 2, 2026	$158.3 million

The market in New York now

Headline figures

Headline figures, as of October 2, 2026
Measure	Independent RIAs	SEC-registered	State-registered
Firms	1,331	734	597
Regulatory assets under management	$851.2 billion	$845.8 billion	$5.5 billion
Accounts	2,239,371	2,221,974	17,397
Clients	1,706,591	1,688,533	18,058
Employees	10,132	9,317	815
Advisory employees	5,853	5,158	695
Investment adviser representatives	5,103	4,453	650
Median RAUM	$64.8 million	$158.3 million	$9.6 million
Average RAUM	$761.4 million	$1.2 billion	$13.3 million

Firms by size

Advisers grouped by regulatory assets under management.

Firms by size, as of October 2, 2026
Measure	Independent RIAs	SEC-registered	State-registered
Firms under $100 million	666	256	410
RAUM of firms under $100 million	$19.3 billion	$14.0 billion	$5.3 billion
Firms $100 million to $250 million	183	182	1
RAUM of firms $100 million to $250 million	$29.4 billion	$29.3 billion	$132.7 million
Firms $250 million to $500 million	104	104	0
RAUM of firms $250 million to $500 million	$37.3 billion	$37.3 billion	$0
Firms $500 million to $1 billion	66	66	0
RAUM of firms $500 million to $1 billion	$48.1 billion	$48.1 billion	$0
Firms $1 billion to $5 billion	75	75	0
RAUM of firms $1 billion to $5 billion	$139.8 billion	$139.8 billion	$0
Firms $5 billion to $10 billion	12	12	0
RAUM of firms $5 billion to $10 billion	$88.1 billion	$88.1 billion	$0
Firms $10 billion and up	12	12	0
RAUM of firms $10 billion and up	$489.2 billion	$489.2 billion	$0

Concentration

How much of the market the largest advisers hold.

Concentration: independent RIAsAs of October 2, 2026.
Measure	Bar	Value
Top 10 share of RAUM		54.8%
Top 100 share of RAUM		84.4%

Concentration, as of October 2, 2026
Measure	Independent RIAs	SEC-registered	State-registered
Top 10 share of RAUM	54.8%	55.2%	13.9%
Top 100 share of RAUM	84.4%	84.9%	59.4%

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.
Measure	Bar	Value
Charge a percentage of assets		91.0%
Charge hourly fees		43.1%
Charge subscription fees		2.2%
Charge fixed fees		55.2%
Receive commissions		1.7%
Charge performance-based fees		12.6%
Other compensation		8.9%

How advisers are paid, as of October 2, 2026
Measure	Independent RIAs	SEC-registered	State-registered
Charge a percentage of assets	91.0%	96.6%	84.1%
Charge hourly fees	43.1%	41.1%	45.6%
Charge subscription fees	2.2%	2.0%	2.3%
Charge fixed fees	55.2%	58.6%	51.1%
Receive commissions	1.7%	1.2%	2.3%
Charge performance-based fees	12.6%	12.5%	12.7%
Other compensation	8.9%	6.9%	11.2%

Custody

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

Custody, as of October 2, 2026
Measure	Independent RIAs	SEC-registered	State-registered
Have custody	23.7%	37.6%	6.7%

Broker-dealer and other affiliations

From Form ADV Items 6 and 7.

Broker-dealer and other affiliations, as of October 2, 2026
Measure	Independent RIAs	SEC-registered	State-registered
Broker-dealer affiliated	2.0%	3.4%	0.3%

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	Independent RIAs	SEC-registered	State-registered
New registrations	153	80	73
Successions	No data	1	No data

Other measures

Other measures, as of October 2, 2026
Measure	Independent RIAs	SEC-registered	State-registered
Firms reporting RAUM	1,118	707	411
Discretionary RAUM	$744.2 billion	$739.7 billion	$4.5 billion
CFP professionals	1,472	1,337	135
25th percentile RAUM	$14.0 million	$71.7 million	$3.3 million
75th percentile RAUM	$230.6 million	$446.5 million	$19.1 million
90th percentile RAUM	$875.4 million	$1.4 billion	$28.0 million
Average account size	$380,124	$380,637	$314,544
Offer financial planning	68.1%	68.8%	67.2%
RAUM growth, one year	No data	17.4%	No data

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

Cities

New York 409 independent RIAs, $679.3 billion
Pittsford 32 independent RIAs, $15.6 billion
Rochester 37 independent RIAs, $9.8 billion
New York City 5 independent RIAs, $8.6 billion
Melville 18 independent RIAs, $7.6 billion
White Plains 18 independent RIAs, $7.0 billion
Buffalo 23 independent RIAs, $6.8 billion
Saratoga Springs 21 independent RIAs, $6.1 billion
Syracuse 9 independent RIAs, $6.0 billion
Williamsville 15 independent RIAs, $5.2 billion
Rye Brook 10 independent RIAs, $5.2 billion
Garden City 19 independent RIAs, $4.4 billion
Brooklyn 54 independent RIAs, $4.3 billion
Utica 5 independent RIAs, $3.7 billion
Larchmont 5 independent RIAs, $3.0 billion
Albany 16 independent RIAs, $2.6 billion
Woodbury 6 independent RIAs, $2.2 billion
Jericho 7 independent RIAs, $2.1 billion
Harrison 5 independent RIAs, $2.0 billion
Orchard Park 7 independent RIAs, $1.9 billion
Dewitt 5 independent RIAs, $1.7 billion
Syosset 8 independent RIAs, $1.6 billion
Katonah 5 independent RIAs, $1.5 billion
Tarrytown 6 independent RIAs, $1.5 billion
Port Washington 8 independent RIAs, $1.4 billion
Victor 6 independent RIAs, $1.4 billion
Chappaqua 5 independent RIAs, $1.3 billion
Armonk 5 independent RIAs, $1.1 billion
Ithaca 6 independent RIAs, $1.1 billion
Corning 5 independent RIAs, $985.5 million
Great Neck 9 independent RIAs, $932.6 million
Hauppauge 5 independent RIAs, $913.6 million
Amherst 8 independent RIAs, $852.0 million
Bronxville 6 independent RIAs, $773.3 million
Massapequa 5 independent RIAs, $769.9 million
Fairport 8 independent RIAs, $677.3 million
Huntington 6 independent RIAs, $589.0 million
Rye 10 independent RIAs, $575.7 million
Staten Island 13 independent RIAs, $465.8 million
Briarcliff Manor 5 independent RIAs, $261.5 million
Mount Kisco 7 independent RIAs, $259.3 million
Manhasset 6 independent RIAs, $153.3 million
Nyack 5 independent RIAs, $110.6 million
Forest Hills 5 independent RIAs, $80.3 million
Long Island City 6 independent RIAs, $29.7 million
Astoria 5 independent RIAs, $21.0 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.