# Independent RIAs in Puerto Rico

As of October 2, 2026, 35 independent wealth management RIAs based in Puerto Rico reported $4.6 billion in regulatory assets under management; the largest by assets was Talon LLC, with $1.1 billion.

As of: 2026-10-02
Address: https://advisoriq.com/ria/states/puerto-rico/

## Facts

- state: Puerto Rico
- code: PR
- population: Independent wealth management RIAs: firms whose individual and high net worth clients hold at least half of their regulatory assets and that offer financial planning or portfolio management for individuals, leaving out broker-dealers, banks and their advisory arms. Asset managers, private fund managers and pension consultants are not in the directory.
- latest: independent: accounts: 15612, firms: 35, median_raum: 58991550, raum: 4617571217, advisory_employees: 70, avg_account: 295770.639059698, band_100m_250m: 2, band_100m_250m_raum: 402831102, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 1, band_1b_5b_raum: 1060316193, band_250m_500m: 3, band_250m_500m_raum: 886742301, band_500m_1b: 2, band_500m_1b_raum: 1481528423, band_5b_10b: 0, band_5b_10b_raum: 0, band_lt100m: 20, band_lt100m_raum: 786153198, bd_affiliated_share: 0.0571428571428571, cfp_professionals: 6, clients: 4689, custody_share: 0.142857142857143, employees: 107, fee_aum_pct_share: 1, fee_commissions_share: 0.0571428571428571, fee_fixed_share: 0.542857142857143, fee_hourly_share: 0.4, fee_other_share: 0.0857142857142857, fee_performance_share: 0.2, fee_subscription_share: 0.0285714285714286, financial_planning_share: 0.628571428571429, firms_with_raum: 28, iars: 72, mean_raum: 164913257.75, new_firms: 3, p25_raum: 19000000, p75_raum: 191301514.5, p90_raum: 419155276.1, raum_discretionary: 3867220329, top10_share: 0.87007538339825, independent_sec: accounts: 13997, firms: 10, median_raum: 273603001, raum: 3922534927, advisory_employees: 33, avg_account: 280241.117882403, band_100m_250m: 2, band_100m_250m_raum: 402831102, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 1, band_1b_5b_raum: 1060316193, band_250m_500m: 3, band_250m_500m_raum: 886742301, band_500m_1b: 2, band_500m_1b_raum: 1481528423, band_5b_10b: 0, band_5b_10b_raum: 0, band_lt100m: 1, band_lt100m_raum: 91116908, bd_affiliated_share: 0.1, cfp_professionals: 4, clients: 3314, custody_share: 0.4, employees: 57, fee_aum_pct_share: 1, fee_commissions_share: 0, fee_fixed_share: 0.6, fee_hourly_share: 0.3, fee_other_share: 0, fee_performance_share: 0.2, fee_subscription_share: 0, financial_planning_share: 0.7, firms_with_raum: 9, iars: 35, mean_raum: 435837214.111111, new_firms: 1, p25_raum: 221643624, p75_raum: 600886180, p90_raum: 916577033, raum_discretionary: 3273638850, raum_growth_1y: 1.04429953583504, successions: 0, state: accounts: 1615, firms: 25, median_raum: 28983310, raum: 695036290, advisory_employees: 37, avg_account: 430363.027863777, band_100m_250m: 0, band_100m_250m_raum: 0, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 0, band_1b_5b_raum: 0, band_250m_500m: 0, band_250m_500m_raum: 0, band_500m_1b: 0, band_500m_1b_raum: 0, band_5b_10b: 0, band_5b_10b_raum: 0, band_lt100m: 19, band_lt100m_raum: 695036290, bd_affiliated_share: 0.04, cfp_professionals: 2, clients: 1375, custody_share: 0.04, employees: 50, fee_aum_pct_share: 1, fee_commissions_share: 0.08, fee_fixed_share: 0.52, fee_hourly_share: 0.44, fee_other_share: 0.12, fee_performance_share: 0.2, fee_subscription_share: 0.04, financial_planning_share: 0.6, firms_with_raum: 19, iars: 37, mean_raum: 36580857.3684211, new_firms: 2, p25_raum: 5993702.5, p75_raum: 58991550, p90_raum: 81136000, raum_discretionary: 593581479, top10_share: 0.892530736776349
- broker_dealer_affiliated_not_included: firms: 3, raum: 0
- series: firms: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 3; as_of: 2019-10-01, value: 3; as_of: 2020-10-01, value: 5; as_of: 2021-10-04, value: 5; as_of: 2022-10-03, value: 6; as_of: 2023-10-05, value: 6; as_of: 2024-10-01, value: 9; as_of: 2025-09-02, value: 7; as_of: 2026-10-02, value: 10, raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 590216998; as_of: 2019-10-01, value: 608666898; as_of: 2020-10-01, value: 988152166; as_of: 2021-10-04, value: 1233064148; as_of: 2022-10-03, value: 1518407351; as_of: 2023-10-05, value: 1413559960; as_of: 2024-10-01, value: 1918841452; as_of: 2025-09-02, value: 1918767215; as_of: 2026-10-02, value: 3922534927, accounts: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 690; as_of: 2019-10-01, value: 821; as_of: 2020-10-01, value: 1098; as_of: 2021-10-04, value: 1307; as_of: 2022-10-03, value: 1428; as_of: 2023-10-05, value: 1513; as_of: 2024-10-01, value: 2531; as_of: 2025-09-02, value: 1947; as_of: 2026-10-02, value: 13997, median_raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 196405865; as_of: 2019-10-01, value: 209144897; as_of: 2020-10-01, value: 222365000; as_of: 2021-10-04, value: 232545359; as_of: 2022-10-03, value: 227140264; as_of: 2023-10-05, value: 195710612.5; as_of: 2024-10-01, value: 217000000; as_of: 2025-09-02, value: 242810472; as_of: 2026-10-02, value: 273603001
- top_10: largest: rank: 1, crd: 298714, firm: Talon LLC, city: San Juan, value: 1060316193; rank: 2, crd: 147546, firm: Freedom Advisory, city: Guaynabo, value: 880642243; rank: 3, crd: 173070, firm: Aton Financial LLC, city: San Juan, value: 600886180; rank: 4, crd: 105192, firm: Thomas Wright Asset Management, Inc., city: San Juan, value: 341270603; rank: 5, crd: 313295, firm: Chapel Bridge Wealth Advisors, city: San Juan, value: 273603001; rank: 6, crd: 324954, firm: Generational Private Wealth, city: San Juan, value: 271868697; rank: 7, crd: 105985, firm: Adrian Day Asset Management, city: Dorado, value: 221643624; rank: 8, crd: 305222, firm: Vauban Wealth Management, city: Guaynabo, value: 181187478; rank: 9, crd: 234792, firm: Fortaleza Capital Partners, LLC, city: San Juan, value: 95100120; rank: 10, crd: 304522, firm: Concert Investment Advisory LLC, city: Guaynabo, value: 91116908, fastest-growing: rank: 1, crd: 105985, firm: Adrian Day Asset Management, city: Dorado, value: 0.88494453996012; rank: 2, crd: 324954, firm: Generational Private Wealth, city: San Juan, value: 0.87550195287137; rank: 3, crd: 313295, firm: Chapel Bridge Wealth Advisors, city: San Juan, value: 0.502454506536229; rank: 4, crd: 173070, firm: Aton Financial LLC, city: San Juan, value: 0.280846712652303; rank: 5, crd: 147546, firm: Freedom Advisory, city: Guaynabo, value: 0.262077610492808; rank: 6, crd: 305222, firm: Vauban Wealth Management, city: Guaynabo, value: 0.21883626914911; rank: 7, crd: 298714, firm: Talon LLC, city: San Juan, value: 0.209146726294643; rank: 8, crd: 105192, firm: Thomas Wright Asset Management, Inc., city: San Juan, value: 0.0661477948275906; rank: 9, crd: 304522, firm: Concert Investment Advisory LLC, city: Guaynabo, value: -0.281472214347834, fastest-growing-3-year: rank: 1, crd: 105985, firm: Adrian Day Asset Management, city: Dorado, value: 0.270774029325026; rank: 2, crd: 173070, firm: Aton Financial LLC, city: San Juan, value: 0.245007066160729; rank: 3, crd: 147546, firm: Freedom Advisory, city: Guaynabo, value: 0.231192976913351; rank: 4, crd: 313295, firm: Chapel Bridge Wealth Advisors, city: San Juan, value: 0.194466859096657; rank: 5, crd: 105192, firm: Thomas Wright Asset Management, Inc., city: San Juan, value: 0.139130892794036; rank: 6, crd: 305222, firm: Vauban Wealth Management, city: Guaynabo, value: 0.114474250321632; rank: 7, crd: 298714, firm: Talon LLC, city: San Juan, value: 0.0866120854387924; rank: 8, crd: 304522, firm: Concert Investment Advisory LLC, city: Guaynabo, value: -0.108954165939541, fastest-growing-5-year: rank: 1, crd: 298714, firm: Talon LLC, city: San Juan, value: 0.450880594323547; rank: 2, crd: 173070, firm: Aton Financial LLC, city: San Juan, value: 0.17487654264124; rank: 3, crd: 147546, firm: Freedom Advisory, city: Guaynabo, value: 0.155610070846964; rank: 4, crd: 105985, firm: Adrian Day Asset Management, city: Dorado, value: 0.090431535502655; rank: 5, crd: 105192, firm: Thomas Wright Asset Management, Inc., city: San Juan, value: 0.0797376384454311; rank: 6, crd: 305222, firm: Vauban Wealth Management, city: Guaynabo, value: 0.0238934110730573; rank: 7, crd: 304522, firm: Concert Investment Advisory LLC, city: Guaynabo, value: -0.0369668037747232, biggest-asset-gains: rank: 1, crd: 298714, firm: Talon LLC, city: San Juan, value: 183403433; rank: 2, crd: 147546, firm: Freedom Advisory, city: Guaynabo, value: 182870382; rank: 3, crd: 173070, firm: Aton Financial LLC, city: San Juan, value: 131754180; rank: 4, crd: 324954, firm: Generational Private Wealth, city: San Juan, value: 126910865; rank: 5, crd: 105985, firm: Adrian Day Asset Management, city: Dorado, value: 104057340; rank: 6, crd: 313295, firm: Chapel Bridge Wealth Advisors, city: San Juan, value: 91498984; rank: 7, crd: 305222, firm: Vauban Wealth Management, city: Guaynabo, value: 32531352; rank: 8, crd: 105192, firm: Thomas Wright Asset Management, Inc., city: San Juan, value: 21173704, most-clients: rank: 1, crd: 298714, firm: Talon LLC, city: San Juan, value: 2014; rank: 2, crd: 147546, firm: Freedom Advisory, city: Guaynabo, value: 546; rank: 3, crd: 313629, firm: Caf Investments LLC, city: Guaynabo, value: 466; rank: 4, crd: 173070, firm: Aton Financial LLC, city: San Juan, value: 274; rank: 5, crd: 301277, firm: Lyon Bern, LLC, city: San Juan, value: 220; rank: 6, crd: 304522, firm: Concert Investment Advisory LLC, city: Guaynabo, value: 178; rank: 7, crd: 105985, firm: Adrian Day Asset Management, city: Dorado, value: 147; rank: 8, crd: 145416, firm: Atlantis Investment Coaching, LLC, city: San Juan, value: 123; rank: 9, crd: 136914, firm: Broxton Capital Advisors, city: Old San Juan, value: 112; rank: 10, crd: 325576, firm: Sygnus Wealth PR LLC, city: Guaynabo, value: 108, client-growth: rank: 1, crd: 147546, firm: Freedom Advisory, city: Guaynabo, value: 0.176724137931034; rank: 2, crd: 173070, firm: Aton Financial LLC, city: San Juan, value: 0.0538461538461539; rank: 3, crd: 304522, firm: Concert Investment Advisory LLC, city: Guaynabo, value: 0.0409356725146199; rank: 4, crd: 105985, firm: Adrian Day Asset Management, city: Dorado, value: 0.00684931506849318; rank: 5, crd: 298714, firm: Talon LLC, city: San Juan, value: -0.0427756653992395, most-accounts: rank: 1, crd: 298714, firm: Talon LLC, city: San Juan, value: 11189; rank: 2, crd: 147546, firm: Freedom Advisory, city: Guaynabo, value: 938; rank: 3, crd: 304522, firm: Concert Investment Advisory LLC, city: Guaynabo, value: 658; rank: 4, crd: 313629, firm: Caf Investments LLC, city: Guaynabo, value: 532; rank: 5, crd: 173070, firm: Aton Financial LLC, city: San Juan, value: 422; rank: 6, crd: 145416, firm: Atlantis Investment Coaching, LLC, city: San Juan, value: 256; rank: 7, crd: 105985, firm: Adrian Day Asset Management, city: Dorado, value: 234; rank: 8, crd: 313295, firm: Chapel Bridge Wealth Advisors, city: San Juan, value: 233; rank: 9, crd: 301277, firm: Lyon Bern, LLC, city: San Juan, value: 224; rank: 10, crd: 324954, firm: Generational Private Wealth, city: San Juan, value: 217, most-advisory-staff: rank: 1, crd: 298714, firm: Talon LLC, city: San Juan, value: 8; rank: 2, crd: 173070, firm: Aton Financial LLC, city: San Juan, value: 7; rank: 3, crd: 147546, firm: Freedom Advisory, city: Guaynabo, value: 6; rank: 3, crd: 313629, firm: Caf Investments LLC, city: Guaynabo, value: 6; rank: 5, crd: 145416, firm: Atlantis Investment Coaching, LLC, city: San Juan, value: 3; rank: 5, crd: 301277, firm: Lyon Bern, LLC, city: San Juan, value: 3; rank: 5, crd: 313295, firm: Chapel Bridge Wealth Advisors, city: San Juan, value: 3; rank: 5, crd: 324954, firm: Generational Private Wealth, city: San Juan, value: 3; rank: 9, crd: 105985, firm: Adrian Day Asset Management, city: Dorado, value: 2; rank: 9, crd: 136914, firm: Broxton Capital Advisors, city: Old San Juan, value: 2, most-hnw-clients: rank: 1, crd: 147546, firm: Freedom Advisory, city: Guaynabo, value: 166; rank: 2, crd: 298714, firm: Talon LLC, city: San Juan, value: 98; rank: 3, crd: 173070, firm: Aton Financial LLC, city: San Juan, value: 85; rank: 4, crd: 105985, firm: Adrian Day Asset Management, city: Dorado, value: 69; rank: 5, crd: 301277, firm: Lyon Bern, LLC, city: San Juan, value: 36; rank: 6, crd: 325576, firm: Sygnus Wealth PR LLC, city: Guaynabo, value: 34; rank: 7, crd: 300350, firm: Finanxial Investment Advisors, Corp, city: San Juan, value: 32; rank: 8, crd: 105192, firm: Thomas Wright Asset Management, Inc., city: San Juan, value: 30; rank: 9, crd: 305222, firm: Vauban Wealth Management, city: Guaynabo, value: 29; rank: 10, crd: 324954, firm: Generational Private Wealth, city: San Juan, value: 20, most-cfp-professionals: rank: 1, crd: 147546, firm: Freedom Advisory, city: Guaynabo, value: 2; rank: 1, crd: 324954, firm: Generational Private Wealth, city: San Juan, value: 2; rank: 3, crd: 125772, firm: Pension Partners, LLC, city: San Juan, value: 1; rank: 3, crd: 300350, firm: Finanxial Investment Advisors, Corp, city: San Juan, value: 1, newest: rank: 1, crd: 134513, firm: Nichols Group LLC, city: San Juan, value: 47157637; rank: 2, crd: 339409, firm: Savile Private Wealth LLC, city: San Juan, value: 0; rank: 2, crd: 340423, firm: Infinity Strategies Advisors LLC, city: not stated, value: 0
- cities: name: San Juan, independent_rias: 19, raum: 3013873794, url: https://advisoriq.com/ria/states/puerto-rico/san-juan/; name: Guaynabo, independent_rias: 8, raum: 1259415942, url: https://advisoriq.com/ria/states/puerto-rico/guaynabo/
- iar_ce_status: not adopted

## Notes

- Firms are placed in the state of their main office.
- History covers SEC-registered firms only, from October 2018.

## Sources

- SEC, Information About Registered Investment Advisers (ia100226.zip), checked 2026-10-07: https://www.sec.gov/files/investment/data/other/information-about-registered-investment-advisers-exempt-reporting-advisers/ia100226.zip
- IAPD compilation reports (IA_FIRM_STATE_Feed_10_07_2026.xml.gz), checked 2026-10-07: https://adviserinfo.sec.gov/compilation
- NASAA IAR CE map, checked 2026-10-05: https://www.nasaa.org/industry-resources/investment-advisers/investment-adviser-representative-continuing-education/iar-ce-map/

## Related

- [RIA market data by state](https://advisoriq.com/ria/states/)
- [Largest independent RIAs by assets under management in Puerto Rico](https://advisoriq.com/ria/rankings/largest/puerto-rico/)
- [Fastest-growing independent RIAs over one year in Puerto Rico](https://advisoriq.com/ria/rankings/fastest-growing/puerto-rico/)
- [Fastest-growing independent RIAs over three years in Puerto Rico](https://advisoriq.com/ria/rankings/fastest-growing-3-year/puerto-rico/)
- [Fastest-growing independent RIAs over five years in Puerto Rico](https://advisoriq.com/ria/rankings/fastest-growing-5-year/puerto-rico/)
- [IAR CE in Puerto Rico](https://advisoriq.com/ce/iar/puerto-rico/)

## Cite as

AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/states/puerto-rico/

License: https://advisoriq.com/license/