State market data

Independent RIAs in Pennsylvania

As of October 2, 2026, 898 independent wealth management RIAs based in Pennsylvania reported $342.4 billion in regulatory assets under management; the largest by assets was Mycio Wealth Partners, LLC, with $15.8 billion.

Include wirehouses and broker-dealer firms

Independent wealth management RIAs: 898
SEC-registered: 355
State-registered: 543
Regulatory assets under management: $342.4 billion
Client accounts: 546,947
Median firm size: $81.1 million
Broker-dealer affiliated firms, not included: 41, with $552.8 billion

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

Top firms in Pennsylvania

Largest independent RIAs by assets under management

Largest independent RIAs by assets under management in Pennsylvania, top 10
Rank	Firm	City	RAUM
1	Mycio Wealth Partners, LLC	Philadelphia	$15.8 billion
2	Great Valley Advisor Group, LLC	Berwyn	$10.6 billion
3	Callan Family Office, LLC	Radnor	$10.2 billion
4	Confluence Financial Partners	McMurray	$7.8 billion
5	HBKS Wealth Advisors	Erie	$7.7 billion
6	Miller Investment Management, LP	West Conshohocken	$7.1 billion
7	Prowell Financial Management, LLC	Exton	$6.9 billion
8	Greycourt & Co., Inc. 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.	Pittsburgh	$6.6 billion
9	Pitcairn	Conshohocken	$5.9 billion
10	Allegheny Financial Group	Pittsburgh	$5.6 billion

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 Pennsylvania

Fastest-growing independent RIAs over one year

Fastest-growing independent RIAs over one year in Pennsylvania, top 10
Rank	Firm	City	Growth	Starting value
1	Kintra Wealth, LLC	Williamsport	225.6%	$460.9 million
2	Martin, Javan Von	Ephrata	133.5%	$407.8 million
3	PW Nova Financial Services LLC	Newtown	112.5%	$307.9 million
4	Corient SHC Partners (US) LP	Philadelphia	101.4%	$847.9 million
5	PTM Wealth Management, LLC	North Wales	76.9%	$175.3 million
6	Thayer Partners LLC	Wyndmoor	70.9%	$401.3 million
7	Taylor Securities Services, Inc.	Harrisburg	65.2%	$152.9 million
8	Thrive Capital Management, LLC	Fort Washington	65.1%	$397.7 million
9	Wick Capital Partners, LLC	Wayne	64.5%	$565.3 million
10	Prometheus Capital Management Corp.	Yardley	60.7%	$247.6 million

Top 100 in Pennsylvania

Fastest-growing independent RIAs over three years

Fastest-growing independent RIAs over three years in Pennsylvania, top 10
Rank	Firm	City	Growth	Starting value
1	Kintra Wealth, LLC	Williamsport	66.8%	$323.2 million
2	Interchange Capital Partners	Pittsburgh	50.7%	$217.1 million
3	Wedmont Private Capital	West Chester	49.9%	$1.0 billion
4	Foundation Wealth Management, LLC	Media	48.9%	$124.8 million
5	Ethos Financial Group, LLC	King of Prussia	48.7%	$651.8 million
6	Confluence Financial Partners	McMurray	46.8%	$2.5 billion
7	Traynor Capital Management	Malvern	43.3%	$823.1 million
8	Wick Capital Partners, LLC	Wayne	43.0%	$317.7 million
9	Callan Family Office, LLC	Radnor	42.3%	$3.5 billion
10	Kathmere Capital Management, LLC	Wayne	39.8%	$1.3 billion

Top 100 in Pennsylvania

Fastest-growing independent RIAs over five years

Fastest-growing independent RIAs over five years in Pennsylvania, top 10
Rank	Firm	City	Growth	Starting value
1	Wedmont Private Capital	West Chester	89.7%	$140.1 million
2	Prowell Financial Management, LLC	Exton	58.5%	$686.3 million
3	Kintra Wealth, LLC	Williamsport	43.7%	$245.4 million
4	Thrive Capital Management, LLC	Fort Washington	34.9%	$146.9 million
5	Wick Capital Partners, LLC	Wayne	33.5%	$219.3 million
6	Sharp Financial	Horsham	30.6%	$132.1 million
7	Ewa, LLC	Pittsburgh	30.4%	$199.4 million
8	Equita Financial Network, Inc.	Fort Washington	29.4%	$107.6 million
9	Confluence Financial Partners	McMurray	28.8%	$2.2 billion
10	Traynor Capital Management	Malvern	27.2%	$726.0 million

Top 100 in Pennsylvania

Independent RIAs with the biggest asset gains over one year

Independent RIAs with the biggest asset gains over one year in Pennsylvania, top 10
Rank	Firm	City	Increase
1	Pitcairn	Conshohocken	$5.1 billion
2	Callan Family Office, LLC	Radnor	$3.5 billion
3	Confluence Financial Partners	McMurray	$2.4 billion
4	Miller Investment Management, LP	West Conshohocken	$1.4 billion
5	Mycio Wealth Partners, LLC	Philadelphia	$1.4 billion
6	HBKS Wealth Advisors	Erie	$1.2 billion
7	Greycourt & Co., Inc. 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.	Pittsburgh	$1.1 billion
8	Wedmont Private Capital	West Chester	$1.1 billion
9	Kintra Wealth, LLC	Williamsport	$1.0 billion
10	Kathmere Capital Management, LLC	Wayne	$1.0 billion

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 Pennsylvania

Independent RIAs with the most clients

Independent RIAs with the most clients in Pennsylvania, top 10
Rank	Firm	City	Most clients
1	Great Valley Advisor Group, LLC	Berwyn	37,069
2	HBKS Wealth Advisors	Erie	8,124
3	Vicus Capital, Inc.	State College	6,593
4	McAdam LLC	Radnor	5,822
5	Confluence Financial Partners	McMurray	5,266
6	Allegheny Financial Group	Pittsburgh	3,971
7	MTM Financial Group, LLC	Bethlehem	3,276
8	Faithward Advisors, LLC	Lancaster	3,124
9	Jacobi Capital Management, LLC	Pittston	3,024
10	Bill Few Associates, Inc.	Sewickley	2,983

Top 100 in Pennsylvania

Independent RIAs with the fastest client growth over one year

Independent RIAs with the fastest client growth over one year in Pennsylvania, top 10
Rank	Firm	City	Growth	Starting value
1	MTM Financial Group, LLC	Bethlehem	170.3%	1,212
2	MFG Private Wealth	Canonsburg	109.2%	380
3	Trident Advisors Inc	Doylestown	71.8%	131
4	Beacon Bridge Wealth Partners, LLC	Lower Gwynedd	70.9%	430
5	Stonecrop Wealth Advisors, LLC	West Chester	69.6%	896
6	Wealthfd	Conshohocken	55.3%	293
7	Wick Capital Partners, LLC	Wayne	54.2%	238
8	Thayer Partners LLC	Wyndmoor	51.6%	246
9	Alvin Clay Financial Advisors, LLC	Jenkintown	49.6%	119
10	Chancellor Financial Group WB LP	Wilkes-Barre	45.2%	894

Top 100 in Pennsylvania

Independent RIAs with the most accounts

Independent RIAs with the most accounts in Pennsylvania, top 10
Rank	Firm	City	Most accounts
1	Great Valley Advisor Group, LLC	Berwyn	37,014
2	HBKS Wealth Advisors	Erie	21,190
3	Confluence Financial Partners	McMurray	14,993
4	Allegheny Financial Group	Pittsburgh	14,030
5	McAdam LLC	Radnor	10,513
6	Vicus Capital, Inc.	State College	9,938
7	Mycio Wealth Partners, LLC	Philadelphia	8,391
8	Bill Few Associates, Inc.	Sewickley	7,702
9	JFS Wealth Advisors, LLC	Hermitage	6,981
10	Jacobi Capital Management, LLC	Pittston	6,842

Top 100 in Pennsylvania

Independent RIAs with the most advisory staff

Independent RIAs with the most advisory staff in Pennsylvania, top 10
Rank	Firm	City	Most advisory staff
1	Great Valley Advisor Group, LLC	Berwyn	192
2	McAdam LLC	Radnor	138
3	Vicus Capital, Inc.	State College	84
4	HBKS Wealth Advisors	Erie	73
5	Waldron Private Wealth	Bridgeville	47
5	Rockwood Wealth Management, LLC	New Hope	47
7	Mycio Wealth Partners, LLC	Philadelphia	46
8	Kintra Wealth, LLC	Williamsport	43
9	Confluence Financial Partners	McMurray	39
10	Independence Square Holdings, LLC	King of Prussia	37

Top 100 in Pennsylvania

Independent RIAs with the most high net worth clients

Independent RIAs with the most high net worth clients in Pennsylvania, top 10
Rank	Firm	City	Most high net worth clients
1	Vicus Capital, Inc.	State College	2,218
2	Confluence Financial Partners	McMurray	1,910
3	Great Valley Advisor Group, LLC	Berwyn	1,769
4	HBKS Wealth Advisors	Erie	1,597
5	Allegheny Financial Group	Pittsburgh	1,337
6	Kintra Wealth, LLC	Williamsport	1,304
7	Roffman Miller Associates Inc	Philadelphia	1,132
8	Jacobi Capital Management, LLC	Pittston	1,087
9	Independence Square Holdings, LLC	King of Prussia	1,080
10	Milestone Asset Management, LLC	Pittsburgh	1,012

Top 100 in Pennsylvania

Independent RIAs with the most CFP professionals

Independent RIAs with the most CFP professionals in Pennsylvania, top 10
Rank	Firm	City	Most CFP professionals
1	Great Valley Advisor Group, LLC	Berwyn	45
2	HBKS Wealth Advisors	Erie	31
3	McAdam LLC	Radnor	28
4	Allegheny Financial Group	Pittsburgh	27
4	Kintra Wealth, LLC	Williamsport	27
6	Vicus Capital, Inc.	State College	26
6	Waldron Private Wealth	Bridgeville	26
8	Main Street Financial Solutions, LLC	Newtown	25
9	Rockwood Wealth Management, LLC	New Hope	24
10	Confluence Financial Partners	McMurray	23

Top 100 in Pennsylvania

Newest independent RIAs

Newest independent RIAs in Pennsylvania, top 10
Rank	Firm	City	Amount
1	Boden Wealth	Lemoyne	$581.8 million
2	Valen Private Capital, LLC.	Paoli	$482.6 million
3	Arsenal Capital Advisors LLC	Conshohocken	$267.1 million
4	DVB Private Wealth	Harrisburg	$225.7 million
5	Stillwater Private Wealth	Allenton	$176.8 million
6	Aeternitas Investment Management, LLC	Yardley	$172.5 million
7	Auerbach Investment Services, LLC	Narberth	$150.2 million
8	Evident Financial	Erie	$149.7 million
9	Lynch Investment Planning, LLC	Newtown Square	$143.3 million
10	Elm Capital Management LLC	Pittsburgh	$133.4 million

Top 100 in Pennsylvania

Over time

From the SEC's yearly files: SEC-registered independent RIAs based in Pennsylvania, 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	235
October 1, 2019	240
October 1, 2020	255
October 4, 2021	287
October 3, 2022	307
October 5, 2023	299
October 1, 2024	314
September 2, 2025	329
October 2, 2026	355

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	$144.8 billion
October 1, 2019	$143.2 billion
October 1, 2020	$169.8 billion
October 4, 2021	$209.4 billion
October 3, 2022	$249.9 billion
October 5, 2023	$226.1 billion
October 1, 2024	$244.5 billion
September 2, 2025	$279.3 billion
October 2, 2026	$330.1 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	214,322
October 1, 2019	239,910
October 1, 2020	268,128
October 4, 2021	324,776
October 3, 2022	376,963
October 5, 2023	393,928
October 1, 2024	431,491
September 2, 2025	464,310
October 2, 2026	499,743

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	$276.7 million
October 1, 2019	$264.5 million
October 1, 2020	$288.8 million
October 4, 2021	$311.5 million
October 3, 2022	$354.3 million
October 5, 2023	$315.1 million
October 1, 2024	$329.7 million
September 2, 2025	$359.8 million
October 2, 2026	$397.5 million

The market in Pennsylvania now

Headline figures

Headline figures, as of October 2, 2026
Measure	Independent RIAs	SEC-registered	State-registered
Firms	898	355	543
Regulatory assets under management	$342.4 billion	$330.1 billion	$12.3 billion
Accounts	546,947	499,743	47,204
Clients	258,207	227,840	30,367
Employees	5,395	4,505	890
Advisory employees	3,623	2,877	746
Investment adviser representatives	3,675	2,906	769
Median RAUM	$81.1 million	$397.5 million	$20.5 million
Average RAUM	$457.2 million	$954.1 million	$30.5 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	399	4	395
RAUM of firms under $100 million	$11.6 billion	$214.7 million	$11.4 billion
Firms $100 million to $250 million	127	119	8
RAUM of firms $100 million to $250 million	$21.0 billion	$20.1 billion	$908.6 million
Firms $250 million to $500 million	79	79	0
RAUM of firms $250 million to $500 million	$28.1 billion	$28.1 billion	$0
Firms $500 million to $1 billion	68	68	0
RAUM of firms $500 million to $1 billion	$47.6 billion	$47.6 billion	$0
Firms $1 billion to $5 billion	64	64	0
RAUM of firms $1 billion to $5 billion	$139.4 billion	$139.4 billion	$0
Firms $5 billion to $10 billion	9	9	0
RAUM of firms $5 billion to $10 billion	$58.2 billion	$58.2 billion	$0
Firms $10 billion and up	3	3	0
RAUM of firms $10 billion and up	$36.6 billion	$36.6 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		24.6%
Top 100 share of RAUM		74.4%

Concentration, as of October 2, 2026
Measure	Independent RIAs	SEC-registered	State-registered
Top 10 share of RAUM	24.6%	25.5%	9.0%
Top 100 share of RAUM	74.4%	77.2%	60.0%

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.
Measure	Bar	Value
Charge a percentage of assets		90.3%
Charge hourly fees		49.8%
Charge subscription fees		0.9%
Charge fixed fees		63.5%
Receive commissions		1.7%
Charge performance-based fees		4.9%
Other compensation		9.1%

How advisers are paid, as of October 2, 2026
Measure	Independent RIAs	SEC-registered	State-registered
Charge a percentage of assets	90.3%	98.3%	85.1%
Charge hourly fees	49.8%	45.9%	52.3%
Charge subscription fees	0.9%	1.1%	0.7%
Charge fixed fees	63.5%	70.7%	58.7%
Receive commissions	1.7%	3.4%	0.6%
Charge performance-based fees	4.9%	5.9%	4.2%
Other compensation	9.1%	7.3%	10.3%

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	28.6%	54.4%	11.8%

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	1.9%	4.2%	0.4%

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	107	34	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	749	346	403
Discretionary RAUM	$278.6 billion	$268.3 billion	$10.4 billion
CFP professionals	1,203	996	207
25th percentile RAUM	$17.5 million	$186.7 million	$6.5 million
75th percentile RAUM	$342.6 million	$863.5 million	$49.5 million
90th percentile RAUM	$1.0 billion	$2.5 billion	$73.5 million
Average account size	$626,050	$660,556	$260,732
Offer financial planning	79.7%	86.8%	75.1%
RAUM growth, one year	No data	18.2%	No data

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

Cities

Pittsburgh 72 independent RIAs, $37.8 billion
Philadelphia 46 independent RIAs, $37.8 billion
Radnor 17 independent RIAs, $20.3 billion
Berwyn 11 independent RIAs, $15.2 billion
West Conshohocken 7 independent RIAs, $14.3 billion
Conshohocken 13 independent RIAs, $10.4 billion
Erie 13 independent RIAs, $9.2 billion
Lancaster 37 independent RIAs, $8.9 billion
West Chester 27 independent RIAs, $8.8 billion
Sewickley 13 independent RIAs, $8.4 billion
Malvern 20 independent RIAs, $8.3 billion
Wayne 17 independent RIAs, $7.5 billion
Exton 8 independent RIAs, $7.3 billion
Newtown 17 independent RIAs, $6.4 billion
State College 9 independent RIAs, $5.5 billion
King of Prussia 14 independent RIAs, $5.0 billion
Newtown Square 7 independent RIAs, $4.6 billion
Blue Bell 12 independent RIAs, $4.6 billion
Chadds Ford 8 independent RIAs, $4.4 billion
Wexford 16 independent RIAs, $4.2 billion
Bethlehem 12 independent RIAs, $4.0 billion
Yardley 15 independent RIAs, $3.4 billion
New Hope 7 independent RIAs, $3.1 billion
Canonsburg 11 independent RIAs, $3.0 billion
Harrisburg 8 independent RIAs, $2.5 billion
Camp Hill 8 independent RIAs, $2.2 billion
Kennett Square 5 independent RIAs, $2.1 billion
Allentown 14 independent RIAs, $2.0 billion
Wyomissing 8 independent RIAs, $1.8 billion
Media 11 independent RIAs, $1.8 billion
Mechanicsburg 11 independent RIAs, $1.6 billion
York 9 independent RIAs, $1.6 billion
Doylestown 16 independent RIAs, $1.4 billion
Paoli 9 independent RIAs, $1.3 billion
Downingtown 10 independent RIAs, $1.2 billion
Phoenixville 8 independent RIAs, $1.0 billion
Huntingdon Valley 5 independent RIAs, $996.1 million
Bryn Mawr 7 independent RIAs, $996.1 million
Center Valley 5 independent RIAs, $854.3 million
Coatesville 6 independent RIAs, $806.4 million
Collegeville 6 independent RIAs, $754.4 million
Ambler 5 independent RIAs, $681.7 million
Lewisburg 5 independent RIAs, $591.8 million
Jenkintown 6 independent RIAs, $504.8 million
North Wales 5 independent RIAs, $390.3 million
Pottstown 5 independent RIAs, $312.7 million
Lansdale 5 independent RIAs, $173.9 million
Easton 6 independent RIAs, $169.3 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.