State market data

Wealth management firms in Tennessee

As of October 2, 2026, 372 wealth management firms, including broker-dealer firms, based in Tennessee reported $145.6 billion in regulatory assets under management; the largest by assets was &Partners, with $30.3 billion.

Showing all wealth firms, including wirehouses and broker-dealer firms. Independent RIAs only

Wealth management firms: 372
SEC-registered: 172
State-registered: 200
Regulatory assets under management: $145.6 billion
Client accounts: 343,293
Median firm size: $84.7 million
Of which broker-dealer affiliated: 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 wealth firms by assets under management, including broker-dealer firms

Largest wealth firms by assets under management, including broker-dealer firms in Tennessee, top 10
Rank	Firm	City	RAUM
1	&Partners Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Nashville	$30.3 billion
2	Sagespring Wealth Partners	Franklin	$8.5 billion
3	The Pacific Financial Group, Inc.	Nashville	$5.1 billion
4	B. Riley Wealth Advisors, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Memphis	$4.2 billion
5	Thoroughbred Financial Services, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Brentwood	$4.0 billion
6	Calydon Capital, LLC	Memphis	$3.6 billion
7	Red Door Wealth Management, LLC	Memphis	$3.1 billion
8	Legacy Wealth Management, LLC 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.	Memphis	$2.7 billion
9	Silver Oak Securities, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Jackson	$2.4 billion
10	Rather & Kittrell, Inc.	Knoxville	$2.3 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 wealth firms over one year, including broker-dealer firms

Fastest-growing wealth firms over one year, including broker-dealer firms in Tennessee, top 10
Rank	Firm	City	Growth	Starting value
1	&Partners Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Nashville	114.0%	$14.1 billion
2	Valtrion Capital Management, LLC	Franklin	100.1%	$143.6 million
3	Gambit Capital Management, LLC	Nashville	65.3%	$101.3 million
4	Insight Strategic Wealth LLC	Knoxville	56.1%	$256.9 million
5	RBG Wealth Advisors LLC	Memphis	47.4%	$105.0 million
6	Leading Edge Financial Planning LLC	Knoxville	44.9%	$360.2 million
7	Creative Investment Group	Nashville	43.3%	$145.8 million
8	Commerce Advisors, LLC	Memphis	42.8%	$236.6 million
9	Abound Wealth Management, LLC	Franklin	40.1%	$1.4 billion
10	Tranquility Partners, LLC	Brentwood	40.1%	$685.4 million

Top 100 in Tennessee

Fastest-growing wealth firms over three years, including broker-dealer firms

Fastest-growing wealth firms over three years, including broker-dealer firms in Tennessee, top 10
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	Silver Oak Securities, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Jackson	30.9%	$1.1 billion

Top 100 in Tennessee

Fastest-growing wealth firms over five years, including broker-dealer firms

Fastest-growing wealth firms over five years, including broker-dealer firms in Tennessee, top 10
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	Silver Oak Securities, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Jackson	26.2%	$765.8 million
6	McCay Wealth Advisory LLC	Manchester	25.3%	$160.6 million
7	Tranquility Partners, LLC	Brentwood	22.9%	$342.8 million
8	Laffer Tengler Investments, Inc.	Nashville	22.0%	$295.8 million
9	Seven Springs Wealth Group	Brentwood	21.6%	$528.7 million
10	Visionary Horizons, LLC	Knoxville	20.5%	$155.9 million

Top 100 in Tennessee

Wealth firms with the biggest asset gains over one year, including broker-dealer firms

Wealth firms with the biggest asset gains over one year, including broker-dealer firms in Tennessee, top 10
Rank	Firm	City	Increase
1	&Partners Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Nashville	$16.1 billion
2	Sagespring Wealth Partners	Franklin	$2.0 billion
3	The Pacific Financial Group, Inc.	Nashville	$961.9 million
4	Calydon Capital, LLC	Memphis	$717.9 million
5	Thoroughbred Financial Services, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Brentwood	$629.6 million
6	Red Door Wealth Management, LLC	Memphis	$565.2 million
7	Abound Wealth Management, LLC	Franklin	$557.4 million
8	Silver Oak Securities, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Jackson	$420.3 million
9	Rather & Kittrell, Inc.	Knoxville	$397.1 million
10	Legacy Wealth Management, LLC 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.	Memphis	$298.6 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

Wealth firms with the most clients, including broker-dealer firms

Wealth firms with the most clients, including broker-dealer firms in Tennessee, top 10
Rank	Firm	City	Most clients
1	&Partners Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Nashville	62,194
2	The Pacific Financial Group, Inc.	Nashville	17,789
3	Sagespring Wealth Partners	Franklin	11,633
4	B. Riley Wealth Advisors, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Memphis	10,613
5	Silver Oak Securities, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Jackson	8,788
6	Virtue Capital Management, LLC	Brentwood	5,775
7	Thoroughbred Financial Services, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Brentwood	3,567
8	Financial Compass Investment Services, Inc	Springfield	3,560
9	Capwealth Advisors, LLC	Franklin	2,858
10	Tvamp, LLC	Knoxville	2,553

Top 100 in Tennessee

Wealth firms with the fastest client growth over one year, including broker-dealer firms

Wealth firms with the fastest client growth over one year, including broker-dealer firms in Tennessee, top 10
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	&Partners Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Nashville	92.9%	32,235
5	WMG Financial Advisors, LLC	Knoxville	75.7%	942
6	HS Wealth Partners	Nashville	41.8%	201
7	Insight Strategic Wealth LLC	Knoxville	35.6%	194
8	Virtue Capital Management, LLC	Brentwood	34.4%	4,298
9	The Nalls Sherbakoff Group, LLC	Knoxville	34.0%	373
10	Carota Wealth Management	Thompsons Station	31.5%	168

Top 100 in Tennessee

Wealth firms with the most accounts, including broker-dealer firms

Wealth firms with the most accounts, including broker-dealer firms in Tennessee, top 10
Rank	Firm	City	Most accounts
1	&Partners Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Nashville	62,194
2	Sagespring Wealth Partners	Franklin	41,069
3	The Pacific Financial Group, Inc.	Nashville	16,832
4	Silver Oak Securities, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Jackson	15,093
5	B. Riley Wealth Advisors, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Memphis	10,573
6	Virtue Capital Management, LLC	Brentwood	7,561
7	Thoroughbred Financial Services, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Brentwood	7,236
8	Beacon Capital Management, LLC	Franklin	5,702
9	Tvamp, LLC	Knoxville	5,057
10	Abound Wealth Management, LLC	Franklin	5,040

Top 100 in Tennessee

Wealth firms with the most advisory staff, including broker-dealer firms

Wealth firms with the most advisory staff, including broker-dealer firms in Tennessee, top 10
Rank	Firm	City	Most advisory staff
1	&Partners Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Nashville	439
2	B. Riley Wealth Advisors, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Memphis	172
3	Silver Oak Securities, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Jackson	103
4	Sagespring Wealth Partners	Franklin	100
5	Virtue Capital Management, LLC	Brentwood	90
6	Thoroughbred Financial Services, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Brentwood	31
7	Abound Wealth Management, LLC	Franklin	26
8	Tvamp, LLC	Knoxville	24
9	Optivise Advisory Services LLC	Franklin	22
10	The Pacific Financial Group, Inc.	Nashville	20

Top 100 in Tennessee

Wealth firms with the most high net worth clients, including broker-dealer firms

Wealth firms with the most high net worth clients, including broker-dealer firms in Tennessee, top 10
Rank	Firm	City	Most high net worth clients
1	&Partners Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Nashville	11,803
2	Sagespring Wealth Partners	Franklin	2,060
3	Lee Danner & Bass Inc	Nashville	959
4	Steel Grove Capital Advisors, LLC	Memphis	831
5	B. Riley Wealth Advisors, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Memphis	801
6	Thoroughbred Financial Services, LLC Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Brentwood	691
7	Legacy Wealth Management, LLC 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.	Memphis	674
8	Abound Wealth Management, LLC	Franklin	640
9	Patten and Patten, Inc.	Chattanooga	596
10	Silver Oak Securities, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Jackson	448

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

Wealth firms with the most CFP professionals, including broker-dealer firms

Wealth firms with the most CFP professionals, including broker-dealer firms in Tennessee, top 10
Rank	Firm	City	Most CFP professionals
1	&Partners Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Nashville	106
2	Sagespring Wealth Partners	Franklin	67
3	Silver Oak Securities, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Jackson	24
4	B. Riley Wealth Advisors, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Memphis	16
4	Abound Wealth Management, LLC	Franklin	16
6	Tvamp, LLC	Knoxville	14
7	Legacy Wealth Management, LLC 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.	Memphis	11
7	Rather & Kittrell, Inc.	Knoxville	11
9	HHM Wealth Advisors, LLC	Chattanooga	10
10	Visionary Horizons, LLC	Knoxville	9

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 wealth firms, including broker-dealer firms

Newest wealth firms, including broker-dealer firms in Tennessee, top 10
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 wealth firms based in Tennessee, from October 2018, each snapshot classed from its own Form ADV answers.

FirmsSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Firms
As of	Firms
October 1, 2018	110
October 1, 2019	114
October 1, 2020	119
October 4, 2021	131
October 3, 2022	139
October 5, 2023	137
October 1, 2024	139
September 2, 2025	139
October 2, 2026	172

Regulatory assets under managementSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Regulatory assets under management
As of	Regulatory assets under management
October 1, 2018	$46.7 billion
October 1, 2019	$45.4 billion
October 1, 2020	$54.0 billion
October 4, 2021	$63.8 billion
October 3, 2022	$86.5 billion
October 5, 2023	$76.8 billion
October 1, 2024	$79.8 billion
September 2, 2025	$113.3 billion
October 2, 2026	$139.9 billion

Client accountsSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Client accounts
As of	Client accounts
October 1, 2018	144,990
October 1, 2019	162,532
October 1, 2020	180,910
October 4, 2021	189,607
October 3, 2022	218,611
October 5, 2023	225,856
October 1, 2024	221,666
September 2, 2025	266,606
October 2, 2026	320,865

Median firm size (RAUM)SEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Median firm size (RAUM)
As of	Median firm size (RAUM)
October 1, 2018	$229.5 million
October 1, 2019	$239.2 million
October 1, 2020	$288.0 million
October 4, 2021	$289.0 million
October 3, 2022	$318.1 million
October 5, 2023	$305.8 million
October 1, 2024	$302.7 million
September 2, 2025	$362.8 million
October 2, 2026	$292.0 million

The market in Tennessee now

Headline figures

Headline figures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms	372	172	200
Regulatory assets under management	$145.6 billion	$139.9 billion	$5.7 billion
Accounts	343,293	320,865	22,428
Clients	208,210	191,363	16,847
Employees	3,196	2,856	340
Advisory employees	2,079	1,796	283
Investment adviser representatives	2,252	1,959	293
Median RAUM	$84.7 million	$292.0 million	$23.3 million
Average RAUM	$433.3 million	$853.3 million	$32.9 million

Firms by size

Advisers grouped by regulatory assets under management.

Firms by size, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms under $100 million	175	7	168
RAUM of firms under $100 million	$5.5 billion	$273.9 million	$5.2 billion
Firms $100 million to $250 million	63	59	4
RAUM of firms $100 million to $250 million	$9.5 billion	$9.1 billion	$445.0 million
Firms $250 million to $500 million	45	45	0
RAUM of firms $250 million to $500 million	$15.8 billion	$15.8 billion	$0
Firms $500 million to $1 billion	22	22	0
RAUM of firms $500 million to $1 billion	$15.6 billion	$15.6 billion	$0
Firms $1 billion to $5 billion	28	28	0
RAUM of firms $1 billion to $5 billion	$55.4 billion	$55.4 billion	$0
Firms $5 billion to $10 billion	2	2	0
RAUM of firms $5 billion to $10 billion	$13.6 billion	$13.6 billion	$0
Firms $10 billion and up	1	1	0
RAUM of firms $10 billion and up	$30.3 billion	$30.3 billion	$0

Concentration

How much of the market the largest advisers hold.

Concentration: all wealth firmsAs of October 2, 2026.
Measure	Bar	Value
Top 10 share of RAUM		45.4%
Top 100 share of RAUM		90.0%

Concentration, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Top 10 share of RAUM	45.4%	47.2%	17.8%
Top 100 share of RAUM	90.0%	93.7%	89.9%

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: all wealth firmsAs of October 2, 2026.
Measure	Bar	Value
Charge a percentage of assets		94.4%
Charge hourly fees		55.1%
Charge subscription fees		1.9%
Charge fixed fees		66.1%
Receive commissions		1.3%
Charge performance-based fees		7.0%
Other compensation		10.5%

How advisers are paid, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Charge a percentage of assets	94.4%	96.5%	92.5%
Charge hourly fees	55.1%	54.1%	56.0%
Charge subscription fees	1.9%	2.9%	1.0%
Charge fixed fees	66.1%	72.7%	60.5%
Receive commissions	1.3%	2.3%	0.5%
Charge performance-based fees	7.0%	7.6%	6.5%
Other compensation	10.5%	10.5%	10.5%

Custody

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

Custody, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Have custody	31.5%	54.1%	12.0%

Broker-dealer and other affiliations

From Form ADV Items 6 and 7.

Broker-dealer and other affiliations, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Broker-dealer affiliated	2.7%	2.9%	2.5%

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	All wealth firms	SEC-registered	State-registered
New registrations	48	27	21
Successions	No data	1	No data

Other measures

Other measures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms reporting RAUM	336	164	172
Discretionary RAUM	$131.0 billion	$126.1 billion	$4.9 billion
CFP professionals	586	500	86
25th percentile RAUM	$21.6 million	$154.1 million	$10.0 million
75th percentile RAUM	$287.5 million	$728.5 million	$51.7 million
90th percentile RAUM	$891.5 million	$1.8 billion	$77.9 million
Average account size	$424,120	$436,125	$252,376
Offer financial planning	81.7%	84.3%	79.5%
RAUM growth, one year	No data	23.5%	No data

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

Cities

Memphis 39 independent RIAs, $20.7 billion
Franklin 40 independent RIAs, $17.7 billion
Nashville 57 independent RIAs, $16.6 billion
Knoxville 51 independent RIAs, $15.1 billion
Chattanooga 31 independent RIAs, $10.6 billion
Brentwood 32 independent RIAs, $10.3 billion
Germantown 11 independent RIAs, $1.7 billion
Johnson City 9 independent RIAs, $1.6 billion
Jackson 5 independent RIAs, $756.5 million
Kingsport 5 independent RIAs, $502.3 million
Murfreesboro 6 independent RIAs, $399.8 million
Clarksville 5 independent RIAs, $233.1 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.