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Independent RIAs in Texas

As of October 2, 2026, 1,789 independent wealth management RIAs based in Texas reported $805.5 billion in regulatory assets under management; the largest by assets was Fisher Investments, with $386.7 billion.

Include wirehouses and broker-dealer firms

Independent wealth management RIAs
1,789
SEC-registered
597
State-registered
1,192
Regulatory assets under management
$805.5 billion
Client accounts
1,168,038
Median firm size
$53.8 million
Broker-dealer affiliated firms, not included
66, with $207.4 billion

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

Top firms in Texas

Largest independent RIAs by assets under management

Rank Firm City RAUM
1 Fisher Investments Plano $386.7 billion
2 United Capital Financial Advisors Irving $24.6 billion
3 Sarofim Trust Co Houston $13.0 billion
4 Hub Investment Partners, LLC Austin $11.9 billion
5 Americana Partners, LLC Houston $9.1 billion
6 Sendero Wealth Management, LLC San Antonio $6.5 billion
7 Integrated Advisors Network LLC Dallas $5.5 billion
8 Bluespring Wealth Management, LLC Austin $5.4 billion
9 True North Advisors, LLC Dallas $5.4 billion
10 Quotient Wealth Partners, LLC Dallas $4.9 billion

Top 100 in Texas

Fastest-growing independent RIAs over one year

Rank Firm City Growth Starting value
1 Bluespring Wealth Management, LLC Austin 264.8% $1.5 billion
2 Summa Corp. The Woodlands 245.7% $458.9 million
3 Endeavor Advisors, LLC The Woodlands 216.3% $176.9 million
4 Ascentis Independent Advisors, LLC Dallas 137.9% $880.4 million
5 Black Knight Wealth Management, LLC Frisco 124.7% $240.0 million
6 Integrity Advisory Solutions Dallas 115.4% $512.3 million
7 Outrunner Capital, LLC Austin 113.7% $233.2 million
8 NFWM Plano 108.9% $149.3 million
9 Nolet Wealth Management, LLC Fort Worth 107.0% $131.7 million
10 Lonestar Registered Investment Advisors, LLC Lubbock 104.7% $164.2 million

Top 100 in Texas

Fastest-growing independent RIAs over three years

Rank Firm City Growth Starting value
1 Summa Corp. The Woodlands 89.7% $232.4 million
2 49 Financial Austin 82.6% $230.6 million
3 EQ Wealth Advisors Dallas 68.0% $130.0 million
4 Ascentis Independent Advisors, LLC Dallas 63.5% $479.5 million
5 Bluespring Wealth Management, LLC Austin 63.1% $1.3 billion
6 Uptick Partners, LLC Nacogdoches 61.6% $251.8 million
7 Financial Gravity Asset Management, Inc. Austin 58.8% $130.8 million
8 The Sum The Woodlands 57.8% $140.3 million
9 Black Knight Wealth Management, LLC Frisco 54.9% $145.1 million
10 Fifth Force Management Dallas 53.2% $113.2 million

Top 100 in Texas

Fastest-growing independent RIAs over five years

Rank Firm City Growth Starting value
1 Sarofim Trust Co Houston 80.1% $683.4 million
2 Legacy Knight Mfo, LLC Dallas 79.5% $152.8 million
3 Summa Corp. The Woodlands 41.7% $277.4 million
4 Vaquero Private Wealth, Ltd. Dallas 41.1% $166.3 million
5 KDK Private Wealth Management Houston 39.9% $109.0 million
6 Austin Wealth Management, LLC Austin 39.4% $205.6 million
7 Americana Partners, LLC Houston 39.0% $1.8 billion
8 The Sum The Woodlands 38.7% $107.5 million
9 Coyle Capital, LLC Lakeway 37.0% $191.5 million
10 Virtus Family Office El Paso 36.3% $154.8 million

Top 100 in Texas

Independent RIAs with the biggest asset gains over one year

Rank Firm City Increase
1 Fisher Investments Plano $87.9 billion
2 United Capital Financial Advisors Irving $7.4 billion
3 Bluespring Wealth Management, LLC Austin $3.9 billion
4 Americana Partners, LLC Houston $3.0 billion
5 Hub Investment Partners, LLC Austin $2.9 billion
6 Quotient Wealth Partners, LLC Dallas $1.4 billion
7 Legacy Knight Mfo, LLC Dallas $1.3 billion
8 Ascentis Independent Advisors, LLC Dallas $1.2 billion
9 Summa Corp. The Woodlands $1.1 billion
10 Turtle Creek Wealth Advisors, LLC Dallas $1.0 billion

Top 100 in Texas

Independent RIAs with the most clients

Rank Firm City Most clients
1 Fisher Investments Plano 199,922
2 United Capital Financial Advisors Irving 25,670
3 Tradeway Mexia 23,611
4 Advisor Resource Council Dallas 11,849
5 Fundify Advisors LLC Austin 9,394
6 Coppell Advisory Solutions LLC Dallas 8,865
7 Integrated Advisors Network LLC Dallas 7,612
8 Hub Investment Partners, LLC Austin 6,190
9 Retirement Planners of America Plano 5,657
10 McGowan Group Asset Management, Inc. Dallas 4,773

Top 100 in Texas

Independent RIAs with the fastest client growth over one year

Rank Firm City Growth Starting value
1 Bluespring Wealth Management, LLC Austin 286.0% 844
2 Tevis Investment Management, LLC Plano 212.3% 138
3 Texas Family Wealth, LLC Friendswood 195.3% 363
4 Unifimoney RIA Austin 194.9% 156
5 Lonestar Registered Investment Advisors, LLC Lubbock 172.8% 438
6 Provision Asset, LLC Little Elm 142.0% 379
7 Diamond Client Group, LLC The Woodlands 103.2% 217
8 Ascentis Wealth Management, LLC Dallas 89.1% 137
9 Ascentis Independent Advisors, LLC Dallas 88.9% 1,490
10 Fundify Advisors LLC Austin 69.0% 5,560

Top 100 in Texas

Independent RIAs with the most accounts

Rank Firm City Most accounts
1 Fisher Investments Plano 422,516
2 United Capital Financial Advisors Irving 45,106
3 Hub Investment Partners, LLC Austin 15,595
4 Retirement Planners of America Plano 13,358
5 Integrated Advisors Network LLC Dallas 12,957
6 Advisor Resource Council Dallas 11,836
7 Bluespring Wealth Management, LLC Austin 10,596
8 Fundify Advisors LLC Austin 9,393
9 Coppell Advisory Solutions LLC Dallas 8,848
10 Quotient Wealth Partners, LLC Dallas 8,088

Top 100 in Texas

Independent RIAs with the most advisory staff

Rank Firm City Most advisory staff
1 Fisher Investments Plano 1,948
2 United Capital Financial Advisors Irving 162
3 49 Financial Austin 128
4 Integrity Advisory Solutions Dallas 108
5 Hub Investment Partners, LLC Austin 103
6 Integrated Advisors Network LLC Dallas 80
7 Coppell Advisory Solutions LLC Dallas 77
8 Advisor Resource Council Dallas 70
9 Root Financial Partners Austin 59
10 Bluespring Wealth Management, LLC Austin 47

Top 100 in Texas

Independent RIAs with the most high net worth clients

Rank Firm City Most high net worth clients
1 Fisher Investments Plano 125,844
2 Advisor Resource Council Dallas 2,134
3 United Capital Financial Advisors Irving 1,937
4 Bluespring Wealth Management, LLC Austin 1,253
5 Quotient Wealth Partners, LLC Dallas 1,168
6 Titleist Asset Management, LLC San Antonio 1,157
7 Retirement Planners of America Plano 1,116
8 McGowan Group Asset Management, Inc. Dallas 1,112
9 Avidian Wealth Solutions Houston 1,080
10 Hub Investment Partners, LLC Austin 1,002

Top 100 in Texas

Independent RIAs with the most CFP professionals

Rank Firm City Most CFP professionals
1 Fisher Investments Plano 117
2 United Capital Financial Advisors Irving 66
3 Root Financial Partners Austin 50
4 Hub Investment Partners, LLC Austin 29
5 Advisor Resource Council Dallas 25
6 Bluespring Wealth Management, LLC Austin 19
7 Willis Johnson Wealth Houston 18
8 Lee Financial Company, LLC Dallas 16
8 Avidian Wealth Solutions Houston 16
10 Per Stirling Capital Management, LLC Austin 14

Top 100 in Texas

Newest independent RIAs

Rank Firm City Amount
1 Leo Wealth Americas, LLC Hurst $512.3 million
2 Homage Wealth Group LLC Houston $366.2 million
3 Rockwall Wealth Management Rockwall $305.5 million
4 MDT Financial Advisors, LLC Webster $294.0 million
5 Northill Aims, LLC Richardson $249.5 million
6 McKinney Capital Management Houston $246.1 million
7 Heritage Haus Wealth Partners LLC New Braunfels $241.1 million
8 Awaken Wealth Partners LLC Houston $237.3 million
9 A3 Capital Advisors Houston $236.8 million
10 Mytimeequity Plano $184.0 million

Top 100 in Texas

Over time

From the SEC's yearly files: SEC-registered independent RIAs based in Texas, 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.
0200400600201820202021202320242026597October 1, 2018: 323October 1, 2019: 346October 1, 2020: 354October 4, 2021: 391October 3, 2022: 420October 5, 2023: 443October 1, 2024: 469September 2, 2025: 491October 2, 2026: 597
Data table
As ofFirms
October 1, 2018323
October 1, 2019346
October 1, 2020354
October 4, 2021391
October 3, 2022420
October 5, 2023443
October 1, 2024469
September 2, 2025491
October 2, 2026597
Regulatory assets under managementSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
$0$200B$400B$600B$800B201820202021202320242026$778BOctober 1, 2018: $142.2 billionOctober 1, 2019: $147.4 billionOctober 1, 2020: $168.4 billionOctober 4, 2021: $183.9 billionOctober 3, 2022: $221.2 billionOctober 5, 2023: $382.2 billionOctober 1, 2024: $531.7 billionSeptember 2, 2025: $597.3 billionOctober 2, 2026: $778.0 billion
Data table
As ofRegulatory assets under management
October 1, 2018$142.2 billion
October 1, 2019$147.4 billion
October 1, 2020$168.4 billion
October 4, 2021$183.9 billion
October 3, 2022$221.2 billion
October 5, 2023$382.2 billion
October 1, 2024$531.7 billion
September 2, 2025$597.3 billion
October 2, 2026$778.0 billion
Client accountsSEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
0500K1M1.5M2018202020212023202420261.1MOctober 1, 2018: 277,053October 1, 2019: 286,719October 1, 2020: 310,490October 4, 2021: 323,282October 3, 2022: 359,126October 5, 2023: 655,012October 1, 2024: 702,908September 2, 2025: 869,445October 2, 2026: 1,076,471
Data table
As ofClient accounts
October 1, 2018277,053
October 1, 2019286,719
October 1, 2020310,490
October 4, 2021323,282
October 3, 2022359,126
October 5, 2023655,012
October 1, 2024702,908
September 2, 2025869,445
October 2, 20261,076,471
Median firm size (RAUM)SEC-registered independent RIAs. 9 snapshots, October 1, 2018 to October 2, 2026.
$0$100M$200M$300M$400M201820202021202320242026$312MOctober 1, 2018: $236.4 millionOctober 1, 2019: $243.0 millionOctober 1, 2020: $268.2 millionOctober 4, 2021: $276.2 millionOctober 3, 2022: $298.5 millionOctober 5, 2023: $250.3 millionOctober 1, 2024: $287.3 millionSeptember 2, 2025: $312.8 millionOctober 2, 2026: $311.9 million
Data table
As ofMedian firm size (RAUM)
October 1, 2018$236.4 million
October 1, 2019$243.0 million
October 1, 2020$268.2 million
October 4, 2021$276.2 million
October 3, 2022$298.5 million
October 5, 2023$250.3 million
October 1, 2024$287.3 million
September 2, 2025$312.8 million
October 2, 2026$311.9 million

The market in Texas now

Headline figures

MeasureIndependent RIAsSEC-registeredState-registered
Firms1,7895971,192
Regulatory assets under management$805.5 billion$778.0 billion$27.5 billion
Accounts1,168,0381,076,47191,567
Clients579,222522,76556,457
Employees12,68610,7161,970
Advisory employees7,7246,1061,618
Investment adviser representatives9,1457,5061,639
Median RAUM$53.8 million$311.9 million$19.0 million
Average RAUM$530.3 million$1.3 billion$29.4 million

Firms by size

Advisers grouped by regulatory assets under management.

MeasureIndependent RIAsSEC-registeredState-registered
Firms under $100 million93223909
RAUM of firms under $100 million$25.1 billion$634.6 million$24.5 billion
Firms $100 million to $250 million25422727
RAUM of firms $100 million to $250 million$41.5 billion$38.5 billion$3.0 billion
Firms $250 million to $500 million1391390
RAUM of firms $250 million to $500 million$49.7 billion$49.7 billion$0
Firms $500 million to $1 billion1081080
RAUM of firms $500 million to $1 billion$75.1 billion$75.1 billion$0
Firms $1 billion to $5 billion77770
RAUM of firms $1 billion to $5 billion$146.0 billion$146.0 billion$0
Firms $5 billion to $10 billion550
RAUM of firms $5 billion to $10 billion$32.0 billion$32.0 billion$0
Firms $10 billion and up440
RAUM of firms $10 billion and up$436.2 billion$436.2 billion$0

Concentration

How much of the market the largest advisers hold.

Concentration: independent RIAsAs of October 2, 2026.
Top 10 share of RAUM 58.7%
Top 100 share of RAUM 77.9%
MeasureIndependent RIAsSEC-registeredState-registered
Top 10 share of RAUM58.7%60.8%4.5%
Top 100 share of RAUM77.9%80.6%33.9%

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: independent RIAsAs of October 2, 2026.
Charge a percentage of assets 92.8%
Charge hourly fees 46.8%
Charge subscription fees 1.3%
Charge fixed fees 59.3%
Receive commissions 1.2%
Charge performance-based fees 10.6%
Other compensation 8.4%
MeasureIndependent RIAsSEC-registeredState-registered
Charge a percentage of assets92.8%97.3%90.6%
Charge hourly fees46.8%43.4%48.6%
Charge subscription fees1.3%1.3%1.3%
Charge fixed fees59.3%65.0%56.5%
Receive commissions1.2%1.8%0.9%
Charge performance-based fees10.6%11.9%9.9%
Other compensation8.4%7.2%9.0%

Custody

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

MeasureIndependent RIAsSEC-registeredState-registered
Have custody20.7%44.9%8.6%

Broker-dealer and other affiliations

From Form ADV Items 6 and 7.

MeasureIndependent RIAsSEC-registeredState-registered
Broker-dealer affiliated1.3%3.2%0.3%

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 registrations18460124
SuccessionsNo data2No data

Other measures

MeasureIndependent RIAsSEC-registeredState-registered
Firms reporting RAUM1,519583936
Discretionary RAUM$758.7 billion$734.6 billion$24.1 billion
CFP professionals1,8231,404419
25th percentile RAUM$11.7 million$171.3 million$5.5 million
75th percentile RAUM$211.2 million$641.5 million$46.3 million
90th percentile RAUM$631.1 million$1.3 billion$77.7 million
Average account size$689,638$722,775$300,082
Offer financial planning72.6%76.0%70.9%
RAUM growth, one yearNo data30.3%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.