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Independent RIAs in Tennessee

As of October 2, 2026, 363 independent wealth management RIAs based in Tennessee reported $104.3 billion in regulatory assets under management; the largest by assets was Sagespring Wealth Partners, with $8.5 billion.

Include wirehouses and broker-dealer firms

Independent wealth management RIAs
363
SEC-registered
167
State-registered
196
Regulatory assets under management
$104.3 billion
Client accounts
247,485
Median firm size
$83.0 million
Broker-dealer affiliated firms, not included
9, with $41.3 billion

Tennessee requires IAR continuing education, in effect since 2024. Status from NASAA's IAR CE map, checked October 5, 2026. IAR CE in Tennessee.

Top firms in Tennessee

Largest independent RIAs by assets under management

Rank Firm City RAUM
1 Sagespring Wealth Partners Franklin $8.5 billion
2 The Pacific Financial Group, Inc. Nashville $5.1 billion
3 Calydon Capital, LLC Memphis $3.6 billion
4 Red Door Wealth Management, LLC Memphis $3.1 billion
5 Legacy Wealth Management, LLC Successor Memphis $2.7 billion
6 Rather & Kittrell, Inc. Knoxville $2.3 billion
7 LBMC Investment Advisors, LLC Brentwood $2.2 billion
8 Patten and Patten, Inc. Chattanooga $2.2 billion
9 Capwealth Advisors, LLC Franklin $2.0 billion
10 Woodmont Investment Counsel, LLC Nashville $2.0 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 Tennessee

Fastest-growing independent RIAs over one year

Rank Firm City Growth Starting value
1 Valtrion Capital Management, LLC Franklin 100.1% $143.6 million
2 Gambit Capital Management, LLC Nashville 65.3% $101.3 million
3 Insight Strategic Wealth LLC Knoxville 56.1% $256.9 million
4 RBG Wealth Advisors LLC Memphis 47.4% $105.0 million
5 Leading Edge Financial Planning LLC Knoxville 44.9% $360.2 million
6 Creative Investment Group Nashville 43.3% $145.8 million
7 Commerce Advisors, LLC Memphis 42.8% $236.6 million
8 Abound Wealth Management, LLC Franklin 40.1% $1.4 billion
9 Tranquility Partners, LLC Brentwood 40.1% $685.4 million
10 Decker Wealth Management, LLC Nashville 37.6% $411.6 million

Top 100 in Tennessee

Fastest-growing independent RIAs over three years

Rank Firm City Growth Starting value
1 Cogentblue Knoxville 78.9% $105.9 million
2 Key Capital Management, Inc. Hendersonville 45.5% $127.5 million
3 Fielder Capital Group LLC Nashville 40.3% $439.6 million
4 Leading Edge Financial Planning LLC Knoxville 39.3% $193.0 million
5 Abound Wealth Management, LLC Franklin 35.3% $787.2 million
6 Seven Springs Wealth Group Brentwood 34.7% $575.5 million
7 Blue Ridge Wealth Planners Knoxville 34.3% $149.4 million
8 Efinancial Alliance, LLC Franklin 33.4% $123.0 million
9 Visionary Horizons, LLC Knoxville 31.0% $176.4 million
10 Insight Strategic Wealth LLC Knoxville 30.7% $179.5 million

Top 100 in Tennessee

Fastest-growing independent RIAs over five years

Rank Firm City Growth Starting value
1 Abound Wealth Management, LLC Franklin 31.2% $501.4 million
2 Leading Edge Financial Planning LLC Knoxville 31.0% $135.2 million
3 Red Door Wealth Management, LLC Memphis 30.2% $824.3 million
4 Fielder Capital Group LLC Nashville 30.1% $326.1 million
5 McCay Wealth Advisory LLC Manchester 25.3% $160.6 million
6 Tranquility Partners, LLC Brentwood 22.9% $342.8 million
7 Laffer Tengler Investments, Inc. Nashville 22.0% $295.8 million
8 Seven Springs Wealth Group Brentwood 21.6% $528.7 million
9 Visionary Horizons, LLC Knoxville 20.5% $155.9 million
10 Innovative Advisory Partners, LLC Hixson 19.7% $143.0 million

Top 100 in Tennessee

Independent RIAs with the biggest asset gains over one year

Rank Firm City Increase
1 Sagespring Wealth Partners Franklin $2.0 billion
2 The Pacific Financial Group, Inc. Nashville $961.9 million
3 Calydon Capital, LLC Memphis $717.9 million
4 Red Door Wealth Management, LLC Memphis $565.2 million
5 Abound Wealth Management, LLC Franklin $557.4 million
6 Rather & Kittrell, Inc. Knoxville $397.1 million
7 Legacy Wealth Management, LLC Successor Memphis $298.6 million
8 Steel Grove Capital Advisors, LLC Memphis $279.5 million
9 Tranquility Partners, LLC Brentwood $274.6 million
10 LBMC Investment Advisors, LLC Brentwood $272.6 million

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 Tennessee

Independent RIAs with the most clients

Rank Firm City Most clients
1 The Pacific Financial Group, Inc. Nashville 17,789
2 Sagespring Wealth Partners Franklin 11,633
3 Virtue Capital Management, LLC Brentwood 5,775
4 Financial Compass Investment Services, Inc Springfield 3,560
5 Capwealth Advisors, LLC Franklin 2,858
6 Tvamp, LLC Knoxville 2,553
7 Paul Winkler, Inc. Goodlettsville 2,481
8 Sageguard Financial Group, LLC Goodlettsville 2,469
9 Beacon Capital Management, LLC Franklin 2,098
10 Key Capital Management, Inc. Hendersonville 2,018

Top 100 in Tennessee

Independent RIAs with the fastest client growth over one year

Rank Firm City Growth Starting value
1 Calydon Capital, LLC Memphis 131.5% 257
2 Efinancial Alliance, LLC Franklin 103.8% 104
3 Childfree Wealth Mount Juliet 93.7% 158
4 WMG Financial Advisors, LLC Knoxville 75.7% 942
5 HS Wealth Partners Nashville 41.8% 201
6 Insight Strategic Wealth LLC Knoxville 35.6% 194
7 Virtue Capital Management, LLC Brentwood 34.4% 4,298
8 The Nalls Sherbakoff Group, LLC Knoxville 34.0% 373
9 Carota Wealth Management Thompsons Station 31.5% 168
10 Savvyfi Franklin 28.5% 478

Top 100 in Tennessee

Independent RIAs with the most accounts

Rank Firm City Most accounts
1 Sagespring Wealth Partners Franklin 41,069
2 The Pacific Financial Group, Inc. Nashville 16,832
3 Virtue Capital Management, LLC Brentwood 7,561
4 Beacon Capital Management, LLC Franklin 5,702
5 Tvamp, LLC Knoxville 5,057
6 Abound Wealth Management, LLC Franklin 5,040
7 Legacy Wealth Management, LLC Successor Memphis 4,667
8 Red Door Wealth Management, LLC Memphis 4,471
9 Patriot Investment Management Group Inc Knoxville 4,197
10 Visionary Horizons, LLC Knoxville 3,989

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 Tennessee

Independent RIAs with the most advisory staff

Rank Firm City Most advisory staff
1 Sagespring Wealth Partners Franklin 100
2 Virtue Capital Management, LLC Brentwood 90
3 Abound Wealth Management, LLC Franklin 26
4 Tvamp, LLC Knoxville 24
5 Optivise Advisory Services LLC Franklin 22
6 The Pacific Financial Group, Inc. Nashville 20
7 Rather & Kittrell, Inc. Knoxville 17
7 Beacon Capital Management, LLC Franklin 17
9 Legacy Wealth Management, LLC Successor Memphis 16
9 Patriot Investment Management Group Inc Knoxville 16

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 Tennessee

Independent RIAs with the most high net worth clients

Rank Firm City Most high net worth clients
1 Sagespring Wealth Partners Franklin 2,060
2 Lee Danner & Bass Inc Nashville 959
3 Steel Grove Capital Advisors, LLC Memphis 831
4 Legacy Wealth Management, LLC Successor Memphis 674
5 Abound Wealth Management, LLC Franklin 640
6 Patten and Patten, Inc. Chattanooga 596
7 TBH Global Asset Management, LLC Brentwood 431
8 Red Door Wealth Management, LLC Memphis 428
9 Rather & Kittrell, Inc. Knoxville 369
9 Patton Albertson Miller Group, LLC Chattanooga 369

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 Tennessee

Independent RIAs with the most CFP professionals

Rank Firm City Most CFP professionals
1 Sagespring Wealth Partners Franklin 67
2 Abound Wealth Management, LLC Franklin 16
3 Tvamp, LLC Knoxville 14
4 Legacy Wealth Management, LLC Successor Memphis 11
4 Rather & Kittrell, Inc. Knoxville 11
6 HHM Wealth Advisors, LLC Chattanooga 10
7 Visionary Horizons, LLC Knoxville 9
8 Kelman Lazarov Inc Memphis 8
8 Patriot Investment Management Group Inc Knoxville 8
8 Defining Wealth Franklin 8

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 Tennessee

Newest independent RIAs

Rank Firm City Amount
1 Sagepoint Capital Partners LLC Franklin $888.3 million
2 Keystone Financial Resources, LLC Brentwood $178.5 million
3 Witt Financial Group, LLC Crossville $160.5 million
4 Retirement Solutions Group Franklin $159.6 million
5 Roan Capital Partners Johnson City $152.0 million
6 Quality Financial Concepts Maryville $128.8 million
7 Benson Wealth Management, Inc. Ooltewah $124.8 million
8 Lotus Asset Management Limited Liability Company Nashville $120.5 million
9 Bas Capital Memphis $117.0 million
10 Integra Wealth Chattanooga $116.5 million

Top 100 in Tennessee

Over time

From the SEC's yearly files: SEC-registered independent RIAs based in Tennessee, 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.
050100150200201820202021202320242026167October 1, 2018: 99October 1, 2019: 104October 1, 2020: 110October 4, 2021: 123October 3, 2022: 130October 5, 2023: 130October 1, 2024: 133September 2, 2025: 134October 2, 2026: 167
Data table
As ofFirms
October 1, 201899
October 1, 2019104
October 1, 2020110
October 4, 2021123
October 3, 2022130
October 5, 2023130
October 1, 2024133
September 2, 2025134
October 2, 2026167
Regulatory assets under managementSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
$0$25B$50B$75B$100B201820202021202320242026$98.9BOctober 1, 2018: $37.7 billionOctober 1, 2019: $36.0 billionOctober 1, 2020: $45.7 billionOctober 4, 2021: $54.6 billionOctober 3, 2022: $69.4 billionOctober 5, 2023: $64.5 billionOctober 1, 2024: $65.5 billionSeptember 2, 2025: $85.7 billionOctober 2, 2026: $98.9 billion
Data table
As ofRegulatory assets under management
October 1, 2018$37.7 billion
October 1, 2019$36.0 billion
October 1, 2020$45.7 billion
October 4, 2021$54.6 billion
October 3, 2022$69.4 billion
October 5, 2023$64.5 billion
October 1, 2024$65.5 billion
September 2, 2025$85.7 billion
October 2, 2026$98.9 billion
Client accountsSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
0100K200K300K201820202021202320242026226KOctober 1, 2018: 112,274October 1, 2019: 127,223October 1, 2020: 154,538October 4, 2021: 164,757October 3, 2022: 173,110October 5, 2023: 185,145October 1, 2024: 181,328September 2, 2025: 196,575October 2, 2026: 225,624
Data table
As ofClient accounts
October 1, 2018112,274
October 1, 2019127,223
October 1, 2020154,538
October 4, 2021164,757
October 3, 2022173,110
October 5, 2023185,145
October 1, 2024181,328
September 2, 2025196,575
October 2, 2026225,624
Median firm size (RAUM)SEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
$0$100M$200M$300M$400M201820202021202320242026$288MOctober 1, 2018: $222.0 millionOctober 1, 2019: $233.0 millionOctober 1, 2020: $267.1 millionOctober 4, 2021: $276.2 millionOctober 3, 2022: $303.9 millionOctober 5, 2023: $286.1 millionOctober 1, 2024: $290.3 millionSeptember 2, 2025: $341.1 millionOctober 2, 2026: $287.9 million
Data table
As ofMedian firm size (RAUM)
October 1, 2018$222.0 million
October 1, 2019$233.0 million
October 1, 2020$267.1 million
October 4, 2021$276.2 million
October 3, 2022$303.9 million
October 5, 2023$286.1 million
October 1, 2024$290.3 million
September 2, 2025$341.1 million
October 2, 2026$287.9 million

The market in Tennessee now

Headline figures

MeasureIndependent RIAsSEC-registeredState-registered
Firms363167196
Regulatory assets under management$104.3 billion$98.9 billion$5.5 billion
Accounts247,485225,62421,861
Clients122,385106,05616,329
Employees2,0761,748328
Advisory employees1,3241,050274
Investment adviser representatives1,3681,084284
Median RAUM$83.0 million$287.9 million$22.1 million
Average RAUM$318.1 million$621.7 million$32.3 million

Firms by size

Advisers grouped by regulatory assets under management.

MeasureIndependent RIAsSEC-registeredState-registered
Firms under $100 million1737166
RAUM of firms under $100 million$5.4 billion$273.9 million$5.1 billion
Firms $100 million to $250 million61583
RAUM of firms $100 million to $250 million$9.3 billion$9.0 billion$336.9 million
Firms $250 million to $500 million45450
RAUM of firms $250 million to $500 million$15.8 billion$15.8 billion$0
Firms $500 million to $1 billion22220
RAUM of firms $500 million to $1 billion$15.6 billion$15.6 billion$0
Firms $1 billion to $5 billion25250
RAUM of firms $1 billion to $5 billion$44.7 billion$44.7 billion$0
Firms $5 billion to $10 billion220
RAUM of firms $5 billion to $10 billion$13.6 billion$13.6 billion$0
Firms $10 billion and up000
RAUM of firms $10 billion and up$0$0$0

Concentration

How much of the market the largest advisers hold.

Concentration: independent RIAsAs of October 2, 2026.
Top 10 share of RAUM 32.2%
Top 100 share of RAUM 87.3%
MeasureIndependent RIAsSEC-registeredState-registered
Top 10 share of RAUM32.2%34.0%18.0%
Top 100 share of RAUM87.3%92.1%90.5%

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.
Charge a percentage of assets 94.2%
Charge hourly fees 54.8%
Charge subscription fees 1.7%
Charge fixed fees 66.1%
Receive commissions 0.8%
Charge performance-based fees 6.9%
Other compensation 10.5%
MeasureIndependent RIAsSEC-registeredState-registered
Charge a percentage of assets94.2%96.4%92.3%
Charge hourly fees54.8%53.3%56.1%
Charge subscription fees1.7%2.4%1.0%
Charge fixed fees66.1%71.9%61.2%
Receive commissions0.8%1.2%0.5%
Charge performance-based fees6.9%7.2%6.6%
Other compensation10.5%10.2%10.7%

Custody

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

MeasureIndependent RIAsSEC-registeredState-registered
Have custody31.7%54.5%12.2%

Broker-dealer and other affiliations

From Form ADV Items 6 and 7.

MeasureIndependent RIAsSEC-registeredState-registered
Broker-dealer affiliated0.8%1.2%0.5%

New firms and successions

New registrations and firms reporting that they succeeded to another adviser's business (Form ADV Item 4).

MeasureIndependent RIAsSEC-registeredState-registered
New registrations462620
SuccessionsNo data1No data

Other measures

MeasureIndependent RIAsSEC-registeredState-registered
Firms reporting RAUM328159169
Discretionary RAUM$92.7 billion$87.9 billion$4.8 billion
CFP professionals43434985
25th percentile RAUM$21.3 million$153.4 million$9.9 million
75th percentile RAUM$284.1 million$637.7 million$51.5 million
90th percentile RAUM$798.4 million$1.5 billion$77.5 million
Average account size$421,523$438,145$249,974
Offer financial planning81.8%83.8%80.1%
RAUM growth, one yearNo data15.3%No data

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

Cities

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.