# Independent RIAs in Vermont

As of October 2, 2026, 59 independent wealth management RIAs based in Vermont reported $17.8 billion in regulatory assets under management; the largest by assets was Manchester Capital Management LLC, with $2.8 billion.

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

## Facts

- state: Vermont
- code: VT
- 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: 30137, firms: 59, median_raum: 111321170, raum: 17808809119, advisory_employees: 196, avg_account: 590928.397617546, band_100m_250m: 11, band_100m_250m_raum: 1778662017, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 5, band_1b_5b_raum: 9486162105, band_250m_500m: 8, band_250m_500m_raum: 2694685325, band_500m_1b: 5, band_500m_1b_raum: 3217983524, band_5b_10b: 0, band_5b_10b_raum: 0, band_lt100m: 24, band_lt100m_raum: 631316148, bd_affiliated_share: 0, cfp_professionals: 47, clients: 11649, custody_share: 0.271186440677966, employees: 282, fee_aum_pct_share: 0.983050847457627, fee_commissions_share: 0.0169491525423729, fee_fixed_share: 0.559322033898305, fee_hourly_share: 0.559322033898305, fee_other_share: 0.11864406779661, fee_performance_share: 0.101694915254237, fee_subscription_share: 0, financial_planning_share: 0.76271186440678, firms_with_raum: 53, iars: 170, mean_raum: 336015266.396226, new_firms: 11, p25_raum: 19233923, p75_raum: 318898746, p90_raum: 810402316.800001, raum_discretionary: 17533885247, top10_share: 0.71336300726847, independent_sec: accounts: 27937, firms: 29, median_raum: 286640870, raum: 17177492971, advisory_employees: 161, avg_account: 614865.338833805, band_100m_250m: 11, band_100m_250m_raum: 1778662017, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 5, band_1b_5b_raum: 9486162105, band_250m_500m: 8, band_250m_500m_raum: 2694685325, band_500m_1b: 5, band_500m_1b_raum: 3217983524, band_5b_10b: 0, band_5b_10b_raum: 0, band_lt100m: 0, band_lt100m_raum: 0, bd_affiliated_share: 0, cfp_professionals: 38, clients: 10588, custody_share: 0.517241379310345, employees: 240, fee_aum_pct_share: 1, fee_commissions_share: 0, fee_fixed_share: 0.655172413793103, fee_hourly_share: 0.551724137931034, fee_other_share: 0.172413793103448, fee_performance_share: 0.103448275862069, fee_subscription_share: 0, financial_planning_share: 0.827586206896552, firms_with_raum: 29, iars: 134, mean_raum: 592327343.827586, new_firms: 4, p25_raum: 209922715, p75_raum: 582695913, p90_raum: 1420805003.4, raum_discretionary: 16942786187, raum_growth_1y: 0.164661415576855, successions: 0, top10_share: 0.739580895212581, state: accounts: 2200, firms: 30, median_raum: 15998041, raum: 631316148, advisory_employees: 35, avg_account: 286961.885454545, band_100m_250m: 0, band_100m_250m_raum: 0, 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: 24, band_lt100m_raum: 631316148, bd_affiliated_share: 0, cfp_professionals: 9, clients: 1061, custody_share: 0.0333333333333333, employees: 42, fee_aum_pct_share: 0.966666666666667, fee_commissions_share: 0.0333333333333333, fee_fixed_share: 0.466666666666667, fee_hourly_share: 0.566666666666667, fee_other_share: 0.0666666666666667, fee_performance_share: 0.1, fee_subscription_share: 0, financial_planning_share: 0.7, firms_with_raum: 24, iars: 36, mean_raum: 26304839.5, new_firms: 7, p25_raum: 9210450.25, p75_raum: 32650494.25, p90_raum: 59384067.7, raum_discretionary: 591099060, top10_share: 0.781637682741484
- broker_dealer_affiliated_not_included: firms: 2, raum: 3058844670
- series: firms: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 18; as_of: 2019-10-01, value: 19; as_of: 2020-10-01, value: 20; as_of: 2021-10-04, value: 24; as_of: 2022-10-03, value: 22; as_of: 2023-10-05, value: 25; as_of: 2024-10-01, value: 26; as_of: 2025-09-02, value: 26; as_of: 2026-10-02, value: 29, raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 8701260110; as_of: 2019-10-01, value: 8622583281; as_of: 2020-10-01, value: 10355302365; as_of: 2021-10-04, value: 11300106490; as_of: 2022-10-03, value: 12658526095; as_of: 2023-10-05, value: 11553287782; as_of: 2024-10-01, value: 13737264899; as_of: 2025-09-02, value: 14748915643; as_of: 2026-10-02, value: 17177492971, accounts: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 10820; as_of: 2019-10-01, value: 12149; as_of: 2020-10-01, value: 12689; as_of: 2021-10-04, value: 17044; as_of: 2022-10-03, value: 18582; as_of: 2023-10-05, value: 20610; as_of: 2024-10-01, value: 22110; as_of: 2025-09-02, value: 23908; as_of: 2026-10-02, value: 27937, median_raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 258411468; as_of: 2019-10-01, value: 242020695; as_of: 2020-10-01, value: 277254955.5; as_of: 2021-10-04, value: 296744653; as_of: 2022-10-03, value: 403215992; as_of: 2023-10-05, value: 301820690; as_of: 2024-10-01, value: 293360980.5; as_of: 2025-09-02, value: 278472273.5; as_of: 2026-10-02, value: 286640870
- top_10: largest: rank: 1, crd: 110003, firm: Manchester Capital Management LLC, city: Manchester, value: 2832800084; rank: 2, crd: 130209, firm: Maple Capital Management, Inc., city: Montpelier, value: 2579565974; rank: 3, crd: 124801, firm: Pathway Financial Advisors, LLC, city: South Burlington, value: 1649189273; rank: 4, crd: 284335, firm: One Day in July LLC, city: Burlington, value: 1363708936; rank: 5, crd: 108045, firm: Hanson & Doremus Investment Management, city: Burlington, value: 1060897838; rank: 6, crd: 165525, firm: Silverlake Wealth Management LLC, city: Williston, value: 849074948; rank: 7, crd: 130825, firm: Rock Point Advisors, LLC, city: Burlington, value: 655711792; rank: 8, crd: 154744, firm: Marble Trail Advisors, city: Middlebury, value: 582695913; rank: 9, crd: 104826, firm: Clean Yield Asset Management, city: Norwich, value: 571222836; rank: 10, crd: 106749, firm: M. Kraus & Company, city: Shelburne, value: 559278035, fastest-growing: rank: 1, crd: 124801, firm: Pathway Financial Advisors, LLC, city: South Burlington, value: 0.843028145559604; rank: 2, crd: 165525, firm: Silverlake Wealth Management LLC, city: Williston, value: 0.482678721230015; rank: 3, crd: 312253, firm: Antoine Williams & Associates Wealth Management, LLC, city: Shelburne, value: 0.391059851316099; rank: 4, crd: 170534, firm: Birchview Capital, LP, city: Burlington, value: 0.306134196112503; rank: 5, crd: 284335, firm: One Day in July LLC, city: Burlington, value: 0.251741115091795; rank: 6, crd: 108045, firm: Hanson & Doremus Investment Management, city: Burlington, value: 0.248679841757891; rank: 7, crd: 154744, firm: Marble Trail Advisors, city: Middlebury, value: 0.18863849014347; rank: 8, crd: 130209, firm: Maple Capital Management, Inc., city: Montpelier, value: 0.175748149819929; rank: 9, crd: 130825, firm: Rock Point Advisors, LLC, city: Burlington, value: 0.170081470270846; rank: 10, crd: 305655, firm: Westview Investment Advisors, city: Burlington, value: 0.161990560691594, fastest-growing-3-year: rank: 1, crd: 124801, firm: Pathway Financial Advisors, LLC, city: South Burlington, value: 0.359452537933114; rank: 2, crd: 284335, firm: One Day in July LLC, city: Burlington, value: 0.324087903917923; rank: 3, crd: 165525, firm: Silverlake Wealth Management LLC, city: Williston, value: 0.263698649159601; rank: 4, crd: 130209, firm: Maple Capital Management, Inc., city: Montpelier, value: 0.236031083622757; rank: 5, crd: 312253, firm: Antoine Williams & Associates Wealth Management, LLC, city: Shelburne, value: 0.225973462382484; rank: 6, crd: 154744, firm: Marble Trail Advisors, city: Middlebury, value: 0.223031306307512; rank: 7, crd: 108045, firm: Hanson & Doremus Investment Management, city: Burlington, value: 0.204979189542381; rank: 8, crd: 109493, firm: Otto & Associates, Inc., city: Norwich, value: 0.138080816817507; rank: 9, crd: 285378, firm: Copper Leaf Financial, LLC, city: Williston, value: 0.138024553976336; rank: 10, crd: 305655, firm: Westview Investment Advisors, city: Burlington, value: 0.132617007912947, fastest-growing-5-year: rank: 1, crd: 284335, firm: One Day in July LLC, city: Burlington, value: 0.298959302409119; rank: 2, crd: 154744, firm: Marble Trail Advisors, city: Middlebury, value: 0.241918281075238; rank: 3, crd: 124801, firm: Pathway Financial Advisors, LLC, city: South Burlington, value: 0.192952680727521; rank: 4, crd: 165525, firm: Silverlake Wealth Management LLC, city: Williston, value: 0.183439898942944; rank: 5, crd: 108045, firm: Hanson & Doremus Investment Management, city: Burlington, value: 0.145898944196851; rank: 6, crd: 130209, firm: Maple Capital Management, Inc., city: Montpelier, value: 0.145866448147711; rank: 7, crd: 312253, firm: Antoine Williams & Associates Wealth Management, LLC, city: Shelburne, value: 0.136835538332576; rank: 8, crd: 285378, firm: Copper Leaf Financial, LLC, city: Williston, value: 0.135633665877528; rank: 9, crd: 107896, firm: Hutner Capital Management Inc., city: Manchester, value: 0.103049658807792; rank: 10, crd: 137038, firm: Williams Financial, LLC, city: North Bennington, value: 0.0991422487150644, biggest-asset-gains: rank: 1, crd: 124801, firm: Pathway Financial Advisors, LLC, city: South Burlington, value: 754363398; rank: 2, crd: 130209, firm: Maple Capital Management, Inc., city: Montpelier, value: 385587634; rank: 3, crd: 165525, firm: Silverlake Wealth Management LLC, city: Williston, value: 276412148; rank: 4, crd: 284335, firm: One Day in July LLC, city: Burlington, value: 274259273; rank: 5, crd: 108045, firm: Hanson & Doremus Investment Management, city: Burlington, value: 211282266; rank: 6, crd: 130825, firm: Rock Point Advisors, LLC, city: Burlington, value: 95313385; rank: 7, crd: 154744, firm: Marble Trail Advisors, city: Middlebury, value: 92474607; rank: 8, crd: 312253, firm: Antoine Williams & Associates Wealth Management, LLC, city: Shelburne, value: 89649986; rank: 9, crd: 170534, firm: Birchview Capital, LP, city: Burlington, value: 56043544; rank: 10, crd: 105057, firm: Broadlake Financial Management, city: South Burlington, value: 40539726, most-clients: rank: 1, crd: 130209, firm: Maple Capital Management, Inc., city: Montpelier, value: 1599; rank: 2, crd: 284335, firm: One Day in July LLC, city: Burlington, value: 1381; rank: 3, crd: 165525, firm: Silverlake Wealth Management LLC, city: Williston, value: 1072; rank: 4, crd: 108045, firm: Hanson & Doremus Investment Management, city: Burlington, value: 622; rank: 5, crd: 105057, firm: Broadlake Financial Management, city: South Burlington, value: 463; rank: 6, crd: 327552, firm: 44 North Capital, LLC, city: Burlington, value: 438; rank: 7, crd: 154744, firm: Marble Trail Advisors, city: Middlebury, value: 375; rank: 8, crd: 312253, firm: Antoine Williams & Associates Wealth Management, LLC, city: Shelburne, value: 336; rank: 9, crd: 165310, firm: Quantum Leap Capital, LLC, city: South Burlington, value: 333; rank: 10, crd: 110928, firm: Prentiss Smith & Company, Inc., city: Brattleboro, value: 319, client-growth: rank: 1, crd: 165310, firm: Quantum Leap Capital, LLC, city: South Burlington, value: 1.36170212765957; rank: 2, crd: 165525, firm: Silverlake Wealth Management LLC, city: Williston, value: 0.484764542936288; rank: 3, crd: 130209, firm: Maple Capital Management, Inc., city: Montpelier, value: 0.153679653679654; rank: 4, crd: 284335, firm: One Day in July LLC, city: Burlington, value: 0.103916866506795; rank: 5, crd: 305655, firm: Westview Investment Advisors, city: Burlington, value: 0.0903225806451613; rank: 6, crd: 327552, firm: 44 North Capital, LLC, city: Burlington, value: 0.0895522388059702; rank: 7, crd: 154744, firm: Marble Trail Advisors, city: Middlebury, value: 0.0869565217391304; rank: 8, crd: 104826, firm: Clean Yield Asset Management, city: Norwich, value: 0.0663900414937759; rank: 9, crd: 137038, firm: Williams Financial, LLC, city: North Bennington, value: 0.05859375; rank: 10, crd: 108045, firm: Hanson & Doremus Investment Management, city: Burlington, value: 0.0453781512605043, most-accounts: rank: 1, crd: 284335, firm: One Day in July LLC, city: Burlington, value: 4011; rank: 2, crd: 130209, firm: Maple Capital Management, Inc., city: Montpelier, value: 3579; rank: 3, crd: 165525, firm: Silverlake Wealth Management LLC, city: Williston, value: 2641; rank: 4, crd: 108045, firm: Hanson & Doremus Investment Management, city: Burlington, value: 1557; rank: 5, crd: 110003, firm: Manchester Capital Management LLC, city: Manchester, value: 1457; rank: 6, crd: 154744, firm: Marble Trail Advisors, city: Middlebury, value: 1446; rank: 7, crd: 105057, firm: Broadlake Financial Management, city: South Burlington, value: 1166; rank: 8, crd: 124801, firm: Pathway Financial Advisors, LLC, city: South Burlington, value: 1147; rank: 9, crd: 312253, firm: Antoine Williams & Associates Wealth Management, LLC, city: Shelburne, value: 993; rank: 10, crd: 341785, firm: Silver Birch Financial LLC, city: Middlebury, value: 949, most-advisory-staff: rank: 1, crd: 130209, firm: Maple Capital Management, Inc., city: Montpelier, value: 27; rank: 2, crd: 110003, firm: Manchester Capital Management LLC, city: Manchester, value: 14; rank: 3, crd: 284335, firm: One Day in July LLC, city: Burlington, value: 13; rank: 4, crd: 165525, firm: Silverlake Wealth Management LLC, city: Williston, value: 11; rank: 5, crd: 108045, firm: Hanson & Doremus Investment Management, city: Burlington, value: 10; rank: 6, crd: 104826, firm: Clean Yield Asset Management, city: Norwich, value: 8; rank: 7, crd: 124801, firm: Pathway Financial Advisors, LLC, city: South Burlington, value: 7; rank: 8, crd: 154744, firm: Marble Trail Advisors, city: Middlebury, value: 6; rank: 9, crd: 106749, firm: M. Kraus & Company, city: Shelburne, value: 5; rank: 9, crd: 110928, firm: Prentiss Smith & Company, Inc., city: Brattleboro, value: 5, most-hnw-clients: rank: 1, crd: 130209, firm: Maple Capital Management, Inc., city: Montpelier, value: 654; rank: 2, crd: 284335, firm: One Day in July LLC, city: Burlington, value: 379; rank: 3, crd: 165525, firm: Silverlake Wealth Management LLC, city: Williston, value: 254; rank: 4, crd: 108045, firm: Hanson & Doremus Investment Management, city: Burlington, value: 250; rank: 5, crd: 327552, firm: 44 North Capital, LLC, city: Burlington, value: 217; rank: 6, crd: 124801, firm: Pathway Financial Advisors, LLC, city: South Burlington, value: 200; rank: 7, crd: 154744, firm: Marble Trail Advisors, city: Middlebury, value: 188; rank: 8, crd: 104826, firm: Clean Yield Asset Management, city: Norwich, value: 155; rank: 9, crd: 110003, firm: Manchester Capital Management LLC, city: Manchester, value: 153; rank: 10, crd: 130825, firm: Rock Point Advisors, LLC, city: Burlington, value: 150, most-cfp-professionals: rank: 1, crd: 124801, firm: Pathway Financial Advisors, LLC, city: South Burlington, value: 6; rank: 2, crd: 108045, firm: Hanson & Doremus Investment Management, city: Burlington, value: 5; rank: 3, crd: 285378, firm: Copper Leaf Financial, LLC, city: Williston, value: 4; rank: 4, crd: 109493, firm: Otto & Associates, Inc., city: Norwich, value: 3; rank: 4, crd: 110003, firm: Manchester Capital Management LLC, city: Manchester, value: 3; rank: 4, crd: 137038, firm: Williams Financial, LLC, city: North Bennington, value: 3; rank: 7, crd: 165525, firm: Silverlake Wealth Management LLC, city: Williston, value: 2; rank: 7, crd: 305655, firm: Westview Investment Advisors, city: Burlington, value: 2; rank: 7, crd: 322908, firm: Oak Maple Finance, LLC, city: Burlington, value: 2; rank: 7, crd: 327552, firm: 44 North Capital, LLC, city: Burlington, value: 2, newest: rank: 1, crd: 341785, firm: Silver Birch Financial LLC, city: Middlebury, value: 399474010; rank: 2, crd: 116346, firm: Milne Financial Planning, Inc., city: St. Johnsbury, value: 111321170; rank: 3, crd: 312716, firm: Equinox Financial Advisors, Inc., city: Manchester Center, value: 110918449; rank: 4, crd: 323281, firm: Stage 2 Planning Partners LLC, city: S Burlington, value: 106498446; rank: 5, crd: 144862, firm: Arque Advisors, LLC, city: Morgan, value: 6325881; rank: 6, crd: 338489, firm: Tack Wealth, city: Burlington, value: 0; rank: 6, crd: 338878, firm: Ox Lux Advisory LLC, city: Chester, value: 0; rank: 6, crd: 339487, firm: Amor Fati Financial Services LLC, city: South Burlington, value: 0; rank: 6, crd: 340856, firm: Focus 50 Wealth Management LLC, city: Shelburne, value: 0; rank: 6, crd: 341542, firm: Cedar Wing LLC, city: Shelburne, value: 0
- cities: name: Burlington, independent_rias: 11, raum: 3782397766, url: https://advisoriq.com/ria/states/vermont/burlington/; name: South Burlington, independent_rias: 11, raum: 3001676506, url: https://advisoriq.com/ria/states/vermont/south-burlington/
- 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 Vermont](https://advisoriq.com/ria/rankings/largest/vermont/)
- [Fastest-growing independent RIAs over one year in Vermont](https://advisoriq.com/ria/rankings/fastest-growing/vermont/)
- [Fastest-growing independent RIAs over three years in Vermont](https://advisoriq.com/ria/rankings/fastest-growing-3-year/vermont/)
- [Fastest-growing independent RIAs over five years in Vermont](https://advisoriq.com/ria/rankings/fastest-growing-5-year/vermont/)
- [IAR CE in Vermont](https://advisoriq.com/ce/iar/vermont/)

## Cite as

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

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