# Independent RIAs in Rhode Island

As of October 2, 2026, 72 independent wealth management RIAs based in Rhode Island reported $20.5 billion in regulatory assets under management; the largest by assets was Parsons Capital Management Inc, with $2.4 billion.

As of: 2026-10-02
Address: https://advisoriq.com/ria/states/rhode-island/

## Facts

- state: Rhode Island
- code: RI
- 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: 38492, firms: 72, median_raum: 124458300, raum: 20535432278, advisory_employees: 194, avg_account: 533498.708251065, band_100m_250m: 15, band_100m_250m_raum: 2347583278, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 5, band_1b_5b_raum: 7700247218, band_250m_500m: 10, band_250m_500m_raum: 3636768374, band_500m_1b: 8, band_500m_1b_raum: 5898258326, band_5b_10b: 0, band_5b_10b_raum: 0, band_lt100m: 29, band_lt100m_raum: 952575082, bd_affiliated_share: 0.0138888888888889, cfp_professionals: 55, clients: 19224, custody_share: 0.305555555555556, employees: 308, fee_aum_pct_share: 0.944444444444444, fee_commissions_share: 0.0694444444444444, fee_fixed_share: 0.625, fee_hourly_share: 0.583333333333333, fee_other_share: 0.0972222222222222, fee_performance_share: 0.0138888888888889, fee_subscription_share: 0, financial_planning_share: 0.791666666666667, firms_with_raum: 67, iars: 204, mean_raum: 306498989.223881, new_firms: 9, p25_raum: 32062975.5, p75_raum: 389628506, p90_raum: 862225512.6, raum_discretionary: 19126810924, top10_share: 0.575977786533937, independent_sec: accounts: 35203, firms: 37, median_raum: 377380633, raum: 19452557196, advisory_employees: 147, avg_account: 552582.370707042, band_100m_250m: 14, band_100m_250m_raum: 2217283278, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 5, band_1b_5b_raum: 7700247218, band_250m_500m: 10, band_250m_500m_raum: 3636768374, band_500m_1b: 8, band_500m_1b_raum: 5898258326, band_5b_10b: 0, band_5b_10b_raum: 0, band_lt100m: 0, band_lt100m_raum: 0, bd_affiliated_share: 0.027027027027027, cfp_professionals: 40, clients: 16692, custody_share: 0.432432432432432, employees: 249, fee_aum_pct_share: 0.972972972972973, fee_commissions_share: 0.108108108108108, fee_fixed_share: 0.72972972972973, fee_hourly_share: 0.621621621621622, fee_other_share: 0.108108108108108, fee_performance_share: 0.027027027027027, fee_subscription_share: 0, financial_planning_share: 0.837837837837838, firms_with_raum: 37, iars: 157, mean_raum: 525744789.081081, new_firms: 6, p25_raum: 186327765, p75_raum: 731274095, p90_raum: 1091510712.6, raum_discretionary: 18073229254, raum_growth_1y: 0.0940381219203619, successions: 0, top10_share: 0.608041025651484, state: accounts: 3289, firms: 35, median_raum: 22502050, raum: 1082875082, advisory_employees: 47, avg_account: 329241.43569474, band_100m_250m: 1, band_100m_250m_raum: 130300000, 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: 29, band_lt100m_raum: 952575082, bd_affiliated_share: 0, cfp_professionals: 15, clients: 2532, custody_share: 0.171428571428571, employees: 59, fee_aum_pct_share: 0.914285714285714, fee_commissions_share: 0.0285714285714286, fee_fixed_share: 0.514285714285714, fee_hourly_share: 0.542857142857143, fee_other_share: 0.0857142857142857, fee_performance_share: 0, fee_subscription_share: 0, financial_planning_share: 0.742857142857143, firms_with_raum: 30, iars: 47, mean_raum: 36095836.0666667, new_firms: 3, p25_raum: 10698558, p75_raum: 62200159, p90_raum: 73380195.7, raum_discretionary: 1053581670, top10_share: 0.70501791452248
- broker_dealer_affiliated_not_included: firms: 6, raum: 14214020378
- series: firms: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 32; as_of: 2019-10-01, value: 31; as_of: 2020-10-01, value: 34; as_of: 2021-10-04, value: 37; as_of: 2022-10-03, value: 38; as_of: 2023-10-05, value: 37; as_of: 2024-10-01, value: 35; as_of: 2025-09-02, value: 36; as_of: 2026-10-02, value: 37, raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 12904344572; as_of: 2019-10-01, value: 12500146797; as_of: 2020-10-01, value: 15083058695; as_of: 2021-10-04, value: 16438956131; as_of: 2022-10-03, value: 19051826543; as_of: 2023-10-05, value: 16126113182; as_of: 2024-10-01, value: 16218745414; as_of: 2025-09-02, value: 17780511306; as_of: 2026-10-02, value: 19452557196, accounts: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 22179; as_of: 2019-10-01, value: 22970; as_of: 2020-10-01, value: 25302; as_of: 2021-10-04, value: 27883; as_of: 2022-10-03, value: 30317; as_of: 2023-10-05, value: 31865; as_of: 2024-10-01, value: 30515; as_of: 2025-09-02, value: 32712; as_of: 2026-10-02, value: 35203, median_raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 249226178.5; as_of: 2019-10-01, value: 259777966; as_of: 2020-10-01, value: 291647354; as_of: 2021-10-04, value: 322263473; as_of: 2022-10-03, value: 353549075.5; as_of: 2023-10-05, value: 287775496; as_of: 2024-10-01, value: 333685267; as_of: 2025-09-02, value: 340728538.5; as_of: 2026-10-02, value: 377380633
- top_10: largest: rank: 1, crd: 106295, firm: Parsons Capital Management Inc, city: Providence, value: 2384197855; rank: 2, crd: 105866, firm: Young Richard C & Co Ltd, city: Newport, value: 1801392887; rank: 3, crd: 108868, firm: Professional Planning Group, city: Westerly, value: 1316426626; rank: 4, crd: 157959, firm: Capital Wealth Management, LLC, city: West Warwick, value: 1137135987; rank: 5, crd: 296271, firm: McGuire Wealth Management, city: Wakefield, value: 1061093863; rank: 6, crd: 124636, firm: Strategicpoint Investment Advisors LLC, city: Providence, value: 914758697; rank: 7, crd: 297527, firm: Canton Hathaway LLC, city: Providence, value: 866119419; rank: 8, crd: 296475, firm: Wealthcare Investment Partners LLC, city: Portsmouth, value: 859629575; rank: 9, crd: 108451, firm: Blue Fin Capital, Inc., city: Warren, value: 755923825; rank: 10, crd: 107565, firm: Newman Dignan & Sheerar, Inc, city: Providence, value: 731274095, fastest-growing: rank: 1, crd: 296475, firm: Wealthcare Investment Partners LLC, city: Portsmouth, value: 0.312836003763348; rank: 2, crd: 167122, firm: Axis Wealth Partners, LLC, city: East Providence, value: 0.302806775078227; rank: 3, crd: 296271, firm: McGuire Wealth Management, city: Wakefield, value: 0.295525192864996; rank: 4, crd: 297527, firm: Canton Hathaway LLC, city: Providence, value: 0.287558287910719; rank: 5, crd: 299102, firm: Breachway Investments, LLC, city: Charlestown, value: 0.256346793140912; rank: 6, crd: 107646, firm: Sowa Financial Group, city: Lincoln, value: 0.231756356434442; rank: 7, crd: 143912, firm: Forbes Financial Planning, Inc., city: East Greenwich, value: 0.230307672171314; rank: 8, crd: 281437, firm: Bountiful Investment Management LLC, city: Rumford, value: 0.222299321301186; rank: 9, crd: 120465, firm: Eliot Rose Wealth Management, LLC, city: Providence, value: 0.219297503979795; rank: 10, crd: 150515, firm: Financial Independence, LLC, city: Warwick, value: 0.188826321251583, fastest-growing-3-year: rank: 1, crd: 167122, firm: Axis Wealth Partners, LLC, city: East Providence, value: 0.297758112086373; rank: 2, crd: 170361, firm: Mystic Asset Management, city: Warwick, value: 0.287781793273846; rank: 3, crd: 108451, firm: Blue Fin Capital, Inc., city: Warren, value: 0.273800660556104; rank: 4, crd: 296271, firm: McGuire Wealth Management, city: Wakefield, value: 0.238740819772989; rank: 5, crd: 296475, firm: Wealthcare Investment Partners LLC, city: Portsmouth, value: 0.233819444936676; rank: 6, crd: 108705, firm: The Retirement Planning Company of New England, Inc., city: Warwick, value: 0.199992543068708; rank: 7, crd: 109114, firm: SK Wealth Management, LLC, city: Providence, value: 0.192091384118315; rank: 8, crd: 107646, firm: Sowa Financial Group, city: Lincoln, value: 0.184917678947271; rank: 9, crd: 120465, firm: Eliot Rose Wealth Management, LLC, city: Providence, value: 0.178893477956725; rank: 10, crd: 143912, firm: Forbes Financial Planning, Inc., city: East Greenwich, value: 0.166216577987359, fastest-growing-5-year: rank: 1, crd: 167122, firm: Axis Wealth Partners, LLC, city: East Providence, value: 0.251533700769161; rank: 2, crd: 170361, firm: Mystic Asset Management, city: Warwick, value: 0.181633134843397; rank: 3, crd: 296475, firm: Wealthcare Investment Partners LLC, city: Portsmouth, value: 0.170264163844711; rank: 4, crd: 108451, firm: Blue Fin Capital, Inc., city: Warren, value: 0.16392210290843; rank: 5, crd: 296271, firm: McGuire Wealth Management, city: Wakefield, value: 0.151990807590666; rank: 6, crd: 108705, firm: The Retirement Planning Company of New England, Inc., city: Warwick, value: 0.133677939019233; rank: 7, crd: 120465, firm: Eliot Rose Wealth Management, LLC, city: Providence, value: 0.129617087757323; rank: 8, crd: 297527, firm: Canton Hathaway LLC, city: Providence, value: 0.127989983682516; rank: 9, crd: 45452, firm: Wealth Management Resources, Inc., city: Smithfield, value: 0.125151584892375; rank: 10, crd: 109114, firm: SK Wealth Management, LLC, city: Providence, value: 0.11924851442368, biggest-asset-gains: rank: 1, crd: 106295, firm: Parsons Capital Management Inc, city: Providence, value: 289544222; rank: 2, crd: 296271, firm: McGuire Wealth Management, city: Wakefield, value: 242048530; rank: 3, crd: 105866, firm: Young Richard C & Co Ltd, city: Newport, value: 238507827; rank: 4, crd: 296475, firm: Wealthcare Investment Partners LLC, city: Portsmouth, value: 204841336; rank: 5, crd: 297527, firm: Canton Hathaway LLC, city: Providence, value: 193435761; rank: 6, crd: 108868, firm: Professional Planning Group, city: Westerly, value: 150043554; rank: 7, crd: 157959, firm: Capital Wealth Management, LLC, city: West Warwick, value: 136107702; rank: 8, crd: 124636, firm: Strategicpoint Investment Advisors LLC, city: Providence, value: 108392455; rank: 9, crd: 108451, firm: Blue Fin Capital, Inc., city: Warren, value: 105277873; rank: 10, crd: 107646, firm: Sowa Financial Group, city: Lincoln, value: 97277293, most-clients: rank: 1, crd: 296475, firm: Wealthcare Investment Partners LLC, city: Portsmouth, value: 1853; rank: 2, crd: 108868, firm: Professional Planning Group, city: Westerly, value: 1292; rank: 3, crd: 143912, firm: Forbes Financial Planning, Inc., city: East Greenwich, value: 898; rank: 4, crd: 105866, firm: Young Richard C & Co Ltd, city: Newport, value: 813; rank: 5, crd: 167122, firm: Axis Wealth Partners, LLC, city: East Providence, value: 801; rank: 6, crd: 106295, firm: Parsons Capital Management Inc, city: Providence, value: 780; rank: 7, crd: 124636, firm: Strategicpoint Investment Advisors LLC, city: Providence, value: 714; rank: 8, crd: 108451, firm: Blue Fin Capital, Inc., city: Warren, value: 683; rank: 9, crd: 157959, firm: Capital Wealth Management, LLC, city: West Warwick, value: 655; rank: 10, crd: 134395, firm: M. W. Aragao Investment Advisors, LLC, city: Cumberland, value: 653, client-growth: rank: 1, crd: 108451, firm: Blue Fin Capital, Inc., city: Warren, value: 0.633971291866029; rank: 2, crd: 299102, firm: Breachway Investments, LLC, city: Charlestown, value: 0.264248704663212; rank: 3, crd: 107565, firm: Newman Dignan & Sheerar, Inc, city: Providence, value: 0.138004246284501; rank: 4, crd: 170361, firm: Mystic Asset Management, city: Warwick, value: 0.133858267716535; rank: 5, crd: 123910, firm: Signet Investment Advisory Group, Inc., city: Providence, value: 0.125; rank: 6, crd: 167122, firm: Axis Wealth Partners, LLC, city: East Providence, value: 0.121848739495798; rank: 7, crd: 107646, firm: Sowa Financial Group, city: Lincoln, value: 0.0866290018832392; rank: 8, crd: 296475, firm: Wealthcare Investment Partners LLC, city: Portsmouth, value: 0.064330844342332; rank: 9, crd: 150515, firm: Financial Independence, LLC, city: Warwick, value: 0.0629629629629629; rank: 10, crd: 296271, firm: McGuire Wealth Management, city: Wakefield, value: 0.0568561872909699, most-accounts: rank: 1, crd: 296475, firm: Wealthcare Investment Partners LLC, city: Portsmouth, value: 3208; rank: 2, crd: 108868, firm: Professional Planning Group, city: Westerly, value: 2395; rank: 3, crd: 105866, firm: Young Richard C & Co Ltd, city: Newport, value: 2042; rank: 4, crd: 106295, firm: Parsons Capital Management Inc, city: Providence, value: 1942; rank: 5, crd: 124636, firm: Strategicpoint Investment Advisors LLC, city: Providence, value: 1934; rank: 6, crd: 167122, firm: Axis Wealth Partners, LLC, city: East Providence, value: 1686; rank: 7, crd: 45452, firm: Wealth Management Resources, Inc., city: Smithfield, value: 1508; rank: 8, crd: 107646, firm: Sowa Financial Group, city: Lincoln, value: 1400; rank: 9, crd: 108705, firm: The Retirement Planning Company of New England, Inc., city: Warwick, value: 1312; rank: 10, crd: 109114, firm: SK Wealth Management, LLC, city: Providence, value: 1206, most-advisory-staff: rank: 1, crd: 106295, firm: Parsons Capital Management Inc, city: Providence, value: 12; rank: 2, crd: 108868, firm: Professional Planning Group, city: Westerly, value: 9; rank: 2, crd: 157959, firm: Capital Wealth Management, LLC, city: West Warwick, value: 9; rank: 4, crd: 105866, firm: Young Richard C & Co Ltd, city: Newport, value: 8; rank: 5, crd: 105031, firm: First Financial Advisory Services Inc, city: Westerly, value: 7; rank: 6, crd: 45452, firm: Wealth Management Resources, Inc., city: Smithfield, value: 6; rank: 6, crd: 107565, firm: Newman Dignan & Sheerar, Inc, city: Providence, value: 6; rank: 6, crd: 124636, firm: Strategicpoint Investment Advisors LLC, city: Providence, value: 6; rank: 6, crd: 134804, firm: Ncu Investment Solutions, city: Smithfiled, value: 6; rank: 6, crd: 167122, firm: Axis Wealth Partners, LLC, city: East Providence, value: 6, most-hnw-clients: rank: 1, crd: 105866, firm: Young Richard C & Co Ltd, city: Newport, value: 505; rank: 2, crd: 296475, firm: Wealthcare Investment Partners LLC, city: Portsmouth, value: 461; rank: 3, crd: 157959, firm: Capital Wealth Management, LLC, city: West Warwick, value: 423; rank: 4, crd: 143912, firm: Forbes Financial Planning, Inc., city: East Greenwich, value: 409; rank: 5, crd: 108451, firm: Blue Fin Capital, Inc., city: Warren, value: 402; rank: 6, crd: 106295, firm: Parsons Capital Management Inc, city: Providence, value: 381; rank: 7, crd: 108868, firm: Professional Planning Group, city: Westerly, value: 378; rank: 8, crd: 124636, firm: Strategicpoint Investment Advisors LLC, city: Providence, value: 305; rank: 9, crd: 107565, firm: Newman Dignan & Sheerar, Inc, city: Providence, value: 249; rank: 10, crd: 109114, firm: SK Wealth Management, LLC, city: Providence, value: 179, most-cfp-professionals: rank: 1, crd: 109114, firm: SK Wealth Management, LLC, city: Providence, value: 5; rank: 2, crd: 45452, firm: Wealth Management Resources, Inc., city: Smithfield, value: 3; rank: 2, crd: 106295, firm: Parsons Capital Management Inc, city: Providence, value: 3; rank: 2, crd: 107565, firm: Newman Dignan & Sheerar, Inc, city: Providence, value: 3; rank: 2, crd: 107646, firm: Sowa Financial Group, city: Lincoln, value: 3; rank: 2, crd: 157959, firm: Capital Wealth Management, LLC, city: West Warwick, value: 3; rank: 7, crd: 108868, firm: Professional Planning Group, city: Westerly, value: 2; rank: 7, crd: 109922, firm: Lincoln Capital Corporation, city: East Greenwich, value: 2; rank: 7, crd: 134804, firm: Ncu Investment Solutions, city: Smithfiled, value: 2; rank: 7, crd: 150515, firm: Financial Independence, LLC, city: Warwick, value: 2, newest: rank: 1, crd: 341084, firm: Veritas Wealth Management, city: North Kingstown, value: 219866414; rank: 2, crd: 300200, firm: CB Capital LLC, city: North Smithfield, value: 124458300; rank: 3, crd: 134804, firm: Ncu Investment Solutions, city: Smithfiled, value: 107551908; rank: 4, crd: 305991, firm: Experience Your Wealth, LLC, city: Bristol, value: 105302182; rank: 5, crd: 119510, firm: Blue Chip Financial Advisors, LLC, city: East Providence, value: 104069000; rank: 6, crd: 174699, firm: Balanced Wealth Management, LLC., city: West Warwick, value: 101959984; rank: 7, crd: 337558, firm: Quahog Investments LLC, city: Richmond, value: 300000; rank: 8, crd: 340494, firm: Alvarez & Associates Financial, city: Central Falls, value: 0; rank: 8, crd: 342854, firm: Datum Wealth Management, city: Warwick, value: 0
- cities: name: Providence, independent_rias: 14, raum: 6811818430, url: https://advisoriq.com/ria/states/rhode-island/providence/; name: Warwick, independent_rias: 9, raum: 1833179546, url: https://advisoriq.com/ria/states/rhode-island/warwick/; name: East Greenwich, independent_rias: 5, raum: 695561460, url: https://advisoriq.com/ria/states/rhode-island/east-greenwich/
- iar_ce_status: in effect

## 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 Rhode Island](https://advisoriq.com/ria/rankings/largest/rhode-island/)
- [Fastest-growing independent RIAs over one year in Rhode Island](https://advisoriq.com/ria/rankings/fastest-growing/rhode-island/)
- [Fastest-growing independent RIAs over three years in Rhode Island](https://advisoriq.com/ria/rankings/fastest-growing-3-year/rhode-island/)
- [Fastest-growing independent RIAs over five years in Rhode Island](https://advisoriq.com/ria/rankings/fastest-growing-5-year/rhode-island/)
- [IAR CE in Rhode Island](https://advisoriq.com/ce/iar/rhode-island/)

## Cite as

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

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