State market data

Wealth management firms in Texas

As of October 2, 2026, 1,855 wealth management firms, including broker-dealer firms, based in Texas reported $1.0 trillion in regulatory assets under management; the largest by assets was Fisher Investments, with $386.7 billion.

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

Wealth management firms: 1,855
SEC-registered: 643
State-registered: 1,212
Regulatory assets under management: $1.0 trillion
Client accounts: 1,929,035
Median firm size: $57.1 million
Of which broker-dealer affiliated: 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 wealth firms by assets under management, including broker-dealer firms

Largest wealth firms by assets under management, including broker-dealer firms in Texas, top 10
Rank	Firm	City	RAUM
1	Fisher Investments	Plano	$386.7 billion
2	Kestra Advisory 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.	Austin	$79.8 billion
3	Valic Financial 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.	Houston	$29.2 billion
4	United Capital Financial Advisors	Irving	$24.6 billion
5	First Command Advisory Services 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.	Fort Worth	$24.4 billion
6	Prospera Financial Services, 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.	Dallas	$14.4 billion
7	Kestra Private Wealth 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.	Austin	$13.5 billion
8	Sarofim Trust Co	Houston	$13.0 billion
9	Hub Investment Partners, LLC	Austin	$11.9 billion
10	Americana Partners, LLC	Houston	$9.1 billion

Top 100 in Texas

Fastest-growing wealth firms over one year, including broker-dealer firms

Fastest-growing wealth firms over one year, including broker-dealer firms in Texas, top 10
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 wealth firms over three years, including broker-dealer firms

Fastest-growing wealth firms over three years, including broker-dealer firms in Texas, top 10
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	Banorte Asset Management, 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.	Houston	68.0%	$139.4 million
5	Ascentis Independent Advisors, LLC	Dallas	63.5%	$479.5 million
6	Bluespring Wealth Management, LLC	Austin	63.1%	$1.3 billion
7	Uptick Partners, LLC	Nacogdoches	61.6%	$251.8 million
8	Monex Asset Management, 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.	Houston	59.7%	$159.7 million
9	Financial Gravity Asset Management, Inc.	Austin	58.8%	$130.8 million
10	The Sum	The Woodlands	57.8%	$140.3 million

Top 100 in Texas

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

Fastest-growing wealth firms over five years, including broker-dealer firms in Texas, top 10
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	Banorte Asset Management, 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.	Houston	44.0%	$106.9 million
4	Summa Corp.	The Woodlands	41.7%	$277.4 million
5	Vaquero Private Wealth, Ltd.	Dallas	41.1%	$166.3 million
6	KDK Private Wealth Management	Houston	39.9%	$109.0 million
7	Austin Wealth Management, LLC	Austin	39.4%	$205.6 million
8	Americana Partners, LLC	Houston	39.0%	$1.8 billion
9	Monex Asset Management, 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.	Houston	38.8%	$126.4 million
10	The Sum	The Woodlands	38.7%	$107.5 million

Top 100 in Texas

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 Texas, top 10
Rank	Firm	City	Increase
1	Fisher Investments	Plano	$87.9 billion
2	Kestra Advisory 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.	Austin	$19.6 billion
3	United Capital Financial Advisors	Irving	$7.4 billion
4	Prospera Financial Services, 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.	Dallas	$4.6 billion
5	Bluespring Wealth Management, LLC	Austin	$3.9 billion
6	Kestra Private Wealth 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.	Austin	$3.2 billion
7	Americana Partners, LLC	Houston	$3.0 billion
8	Hub Investment Partners, LLC	Austin	$2.9 billion
9	Valic Financial 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.	Houston	$2.8 billion
10	First Command Advisory Services 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.	Fort Worth	$2.3 billion

Top 100 in Texas

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

Wealth firms with the most clients, including broker-dealer firms in Texas, top 10
Rank	Firm	City	Most clients
1	Valic Financial 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.	Houston	293,064
2	Fisher Investments	Plano	199,922
3	Kestra Advisory 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.	Austin	123,795
4	First Command Advisory Services 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.	Fort Worth	114,604
5	United Capital Financial Advisors	Irving	25,670
6	Tradeway	Mexia	23,611
7	Kestra Private Wealth 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.	Austin	20,339
8	Prospera Financial Services, 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.	Dallas	18,622
9	Level Four Advisory Services 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.	Dallas	15,818
10	Advisor Resource Council	Dallas	11,849

Top 100 in Texas

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 Texas, top 10
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	TKC Wealth Management 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.	Dallas	93.2%	147
9	Ascentis Wealth Management, LLC	Dallas	89.1%	137
10	Ascentis Independent Advisors, LLC	Dallas	88.9%	1,490

Top 100 in Texas

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

Wealth firms with the most accounts, including broker-dealer firms in Texas, top 10
Rank	Firm	City	Most accounts
1	Fisher Investments	Plano	422,516
2	Valic Financial 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.	Houston	293,026
3	Kestra Advisory 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.	Austin	192,439
4	First Command Advisory Services 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.	Fort Worth	113,591
5	United Capital Financial Advisors	Irving	45,106
6	Kestra Private Wealth 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.	Austin	33,333
7	Prospera Financial Services, 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.	Dallas	31,454
8	Level Four Advisory Services 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.	Dallas	15,720
9	Hub Investment Partners, LLC	Austin	15,595
10	Retirement Planners of America	Plano	13,358

Top 100 in Texas

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

Wealth firms with the most advisory staff, including broker-dealer firms in Texas, top 10
Rank	Firm	City	Most advisory staff
1	Fisher Investments	Plano	1,948
2	Kestra Advisory 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.	Austin	1,359
3	Valic Financial 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.	Houston	1,280
4	First Command Advisory Services 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.	Fort Worth	1,155
5	Prospera Financial Services, 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.	Dallas	211
5	Kestra Private Wealth 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.	Austin	211
7	United Capital Financial Advisors	Irving	162
8	49 Financial	Austin	128
9	Level Four Advisory Services 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.	Dallas	119
10	Frost Investment Services 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.	San Antonio	111

Top 100 in Texas

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 Texas, top 10
Rank	Firm	City	Most high net worth clients
1	Fisher Investments	Plano	125,844
2	Kestra Advisory 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.	Austin	26,123
3	Prospera Financial Services, 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.	Dallas	7,796
4	Kestra Private Wealth 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.	Austin	5,300
5	Level Four Advisory Services 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.	Dallas	5,075
6	First Command Advisory Services 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.	Fort Worth	3,852
7	Advisor Resource Council	Dallas	2,134
8	United Capital Financial Advisors	Irving	1,937
9	Valic Financial 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.	Houston	1,913
10	Bluespring Wealth Management, LLC	Austin	1,253

Top 100 in Texas

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

Wealth firms with the most CFP professionals, including broker-dealer firms in Texas, top 10
Rank	Firm	City	Most CFP professionals
1	Kestra Advisory 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.	Austin	410
2	Valic Financial 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.	Houston	124
3	Fisher Investments	Plano	117
4	First Command Advisory Services 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.	Fort Worth	107
5	United Capital Financial Advisors	Irving	66
6	Kestra Private Wealth 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.	Austin	50
6	Root Financial Partners	Austin	50
8	Prospera Financial Services, 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.	Dallas	39
9	Hub Investment Partners, LLC	Austin	29
10	Level Four Advisory Services 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.	Dallas	26

Top 100 in Texas

Newest wealth firms, including broker-dealer firms

Newest wealth firms, including broker-dealer firms in Texas, top 10
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 wealth firms based in Texas, 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	367
October 1, 2019	388
October 1, 2020	393
October 4, 2021	433
October 3, 2022	463
October 5, 2023	491
October 1, 2024	514
September 2, 2025	538
October 2, 2026	643

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	$237.8 billion
October 1, 2019	$268.4 billion
October 1, 2020	$287.0 billion
October 4, 2021	$327.5 billion
October 3, 2022	$390.6 billion
October 5, 2023	$549.9 billion
October 1, 2024	$723.4 billion
September 2, 2025	$834.1 billion
October 2, 2026	$984.9 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	889,610
October 1, 2019	1,144,316
October 1, 2020	1,004,342
October 4, 2021	1,132,486
October 3, 2022	1,163,964
October 5, 2023	1,531,427
October 1, 2024	1,536,932
September 2, 2025	1,769,876
October 2, 2026	1,836,382

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	$250.6 million
October 1, 2019	$256.4 million
October 1, 2020	$290.8 million
October 4, 2021	$290.7 million
October 3, 2022	$312.9 million
October 5, 2023	$262.5 million
October 1, 2024	$290.7 million
September 2, 2025	$319.0 million
October 2, 2026	$320.8 million

The market in Texas now

Headline figures

Headline figures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms	1,855	643	1,212
Regulatory assets under management	$1.0 trillion	$984.9 billion	$28.0 billion
Accounts	1,929,035	1,836,382	92,653
Clients	1,222,703	1,164,704	57,999
Employees	19,879	17,819	2,060
Advisory employees	13,088	11,418	1,670
Investment adviser representatives	14,734	13,046	1,688
Median RAUM	$57.1 million	$320.8 million	$19.2 million
Average RAUM	$643.6 million	$1.6 billion	$29.6 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	948	27	921
RAUM of firms under $100 million	$25.7 billion	$675.7 million	$25.0 billion
Firms $100 million to $250 million	265	238	27
RAUM of firms $100 million to $250 million	$43.2 billion	$40.2 billion	$3.0 billion
Firms $250 million to $500 million	146	146	0
RAUM of firms $250 million to $500 million	$52.1 billion	$52.1 billion	$0
Firms $500 million to $1 billion	112	112	0
RAUM of firms $500 million to $1 billion	$77.7 billion	$77.7 billion	$0
Firms $1 billion to $5 billion	86	86	0
RAUM of firms $1 billion to $5 billion	$167.9 billion	$167.9 billion	$0
Firms $5 billion to $10 billion	8	8	0
RAUM of firms $5 billion to $10 billion	$48.8 billion	$48.8 billion	$0
Firms $10 billion and up	9	9	0
RAUM of firms $10 billion and up	$597.4 billion	$597.4 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		59.9%
Top 100 share of RAUM		80.1%

Concentration, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Top 10 share of RAUM	59.9%	61.6%	4.4%
Top 100 share of RAUM	80.1%	82.3%	33.2%

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		92.8%
Charge hourly fees		46.9%
Charge subscription fees		1.3%
Charge fixed fees		59.3%
Receive commissions		1.7%
Charge performance-based fees		10.4%
Other compensation		8.9%

How advisers are paid, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Charge a percentage of assets	92.8%	97.2%	90.5%
Charge hourly fees	46.9%	43.5%	48.7%
Charge subscription fees	1.3%	1.2%	1.3%
Charge fixed fees	59.3%	64.7%	56.4%
Receive commissions	1.7%	2.6%	1.2%
Charge performance-based fees	10.4%	11.4%	9.8%
Other compensation	8.9%	7.9%	9.5%

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	20.9%	44.2%	8.6%

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	4.4%	9.3%	1.8%

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	189	65	124
Successions	No data	2	No data

Other measures

Other measures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms reporting RAUM	1,574	626	948
Discretionary RAUM	$935.1 billion	$910.5 billion	$24.6 billion
CFP professionals	2,745	2,315	430
25th percentile RAUM	$12.5 million	$171.3 million	$5.6 million
75th percentile RAUM	$222.1 million	$663.0 million	$46.9 million
90th percentile RAUM	$662.0 million	$1.6 billion	$77.5 million
Average account size	$525,113	$536,341	$302,580
Offer financial planning	72.5%	75.3%	71.0%
RAUM growth, one year	No data	18.1%	No data

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

Cities

Plano 61 independent RIAs, $405.5 billion
Houston 254 independent RIAs, $96.5 billion
Dallas 228 independent RIAs, $84.0 billion
Austin 225 independent RIAs, $63.9 billion
San Antonio 91 independent RIAs, $26.5 billion
Irving 13 independent RIAs, $25.3 billion
The Woodlands 49 independent RIAs, $13.0 billion
Fort Worth 58 independent RIAs, $11.2 billion
Frisco 40 independent RIAs, $3.9 billion
Victoria 7 independent RIAs, $3.3 billion
Southlake 26 independent RIAs, $3.3 billion
Coppell 13 independent RIAs, $3.2 billion
Allen 21 independent RIAs, $2.8 billion
College Station 8 independent RIAs, $2.6 billion
Waco 16 independent RIAs, $2.6 billion
Flower Mound 11 independent RIAs, $2.5 billion
New Braunfels 17 independent RIAs, $2.2 billion
Lubbock 15 independent RIAs, $2.1 billion
Arlington 11 independent RIAs, $1.9 billion
El Paso 17 independent RIAs, $1.8 billion
Lakeway 8 independent RIAs, $1.8 billion
Richardson 19 independent RIAs, $1.8 billion
Sugar Land 22 independent RIAs, $1.7 billion
McKinney 30 independent RIAs, $1.6 billion
Cedar Park 15 independent RIAs, $1.5 billion
Denton 13 independent RIAs, $1.4 billion
Weatherford 8 independent RIAs, $1.4 billion
Prosper 8 independent RIAs, $1.2 billion
Dripping Springs 6 independent RIAs, $1.0 billion
Midland 7 independent RIAs, $970.9 million
Leander 10 independent RIAs, $948.3 million
Friendswood 5 independent RIAs, $937.1 million
Abilene 6 independent RIAs, $916.6 million
Bellaire 8 independent RIAs, $904.6 million
Round Rock 22 independent RIAs, $893.0 million
Kingwood 9 independent RIAs, $815.6 million
Corpus Christi 5 independent RIAs, $780.1 million
Katy 15 independent RIAs, $763.7 million
Boerne 6 independent RIAs, $736.0 million
Rockwall 8 independent RIAs, $623.9 million
Georgetown 8 independent RIAs, $605.3 million
Cypress 9 independent RIAs, $602.4 million
Colleyville 7 independent RIAs, $568.6 million
Grapevine 6 independent RIAs, $546.6 million
Lewisville 6 independent RIAs, $507.3 million
Spring 13 independent RIAs, $445.2 million
Montgomery 5 independent RIAs, $260.9 million
Missouri City 8 independent RIAs, $253.2 million
Pearland 9 independent RIAs, $222.9 million
Addison 6 independent RIAs, $207.5 million
McAllen 5 independent RIAs, $189.5 million
Amarillo 8 independent RIAs, $142.5 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.