State market data

Wealth management firms in Wyoming

As of October 2, 2026, 51 wealth management firms, including broker-dealer firms, based in Wyoming reported $6.7 billion in regulatory assets under management; the largest by assets was Golden State Wealth Management, LLC, with $2.2 billion.

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

Wealth management firms: 51
SEC-registered: 16
State-registered: 35
Regulatory assets under management: $6.7 billion
Client accounts: 36,705
Median firm size: $40.6 million
Of which broker-dealer affiliated: 1, with $45.6 million

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

Top firms in Wyoming

Largest wealth firms by assets under management, including broker-dealer firms

Largest wealth firms by assets under management, including broker-dealer firms in Wyoming, top 10
Rank	Firm	City	RAUM
1	Golden State Wealth Management, LLC	Powell	$2.2 billion
2	Integrity Financial Corporation	Jackson	$868.1 million
3	Harfst and Associates, Inc.	Sheridan	$783.2 million
4	Income Focus Portfolio Management	Jackson	$362.5 million
5	Elevate Wealth Management	Sheridan	$320.3 million
6	Traction Financial Partners	Encampment	$288.4 million
7	Pinnacle West Asset Management Inc	Casper	$245.9 million
8	Gervais Capital Management, LLC	Wilson	$155.9 million
9	Fiduciary Capital Management LLC	Cheyenne	$149.8 million
10	Markle Financial LLC	Laramie	$141.2 million

Top 100 in Wyoming

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

Fastest-growing wealth firms over one year, including broker-dealer firms in Wyoming, top 10
Rank	Firm	City	Growth	Starting value
1	Integrity Financial Corporation	Jackson	27.6%	$680.1 million
2	Golden State Wealth Management, LLC	Powell	20.7%	$1.8 billion
3	Cypress Capital Management, LLC	Sheridan	18.8%	$102.4 million
4	Markle Financial LLC	Laramie	16.2%	$121.6 million
5	Gervais Capital Management, LLC	Wilson	16.0%	$134.4 million
6	RW Baker Wealth Management Group LLC	Cheyenne	11.5%	$121.0 million
7	Traction Financial Partners	Encampment	9.8%	$262.8 million
8	Harfst and Associates, Inc.	Sheridan	8.5%	$721.7 million
9	Income Focus Portfolio Management	Jackson	8.5%	$334.1 million
10	Pinnacle West Asset Management Inc	Casper	7.1%	$229.5 million

Top 100 in Wyoming

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

Fastest-growing wealth firms over three years, including broker-dealer firms in Wyoming, top 10
Rank	Firm	City	Growth	Starting value
1	Traction Financial Partners	Encampment	26.9%	$141.0 million
2	Integrity Financial Corporation	Jackson	23.3%	$462.7 million
3	Golden State Wealth Management, LLC	Powell	16.1%	$1.4 billion
4	Income Focus Portfolio Management	Jackson	13.9%	$245.0 million
5	Pinnacle West Asset Management Inc	Casper	13.5%	$168.3 million
6	Harfst and Associates, Inc.	Sheridan	12.7%	$547.4 million
7	Cypress Capital Management, LLC	Sheridan	5.5%	$103.5 million
8	Markle Financial LLC	Laramie	-0.3%	$142.6 million

Top 100 in Wyoming

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

Fastest-growing wealth firms over five years, including broker-dealer firms in Wyoming, top 10
Rank	Firm	City	Growth	Starting value
1	Integrity Financial Corporation	Jackson	19.2%	$360.9 million
2	Golden State Wealth Management, LLC	Powell	15.4%	$1.1 billion
3	Income Focus Portfolio Management	Jackson	14.5%	$184.3 million
4	Pinnacle West Asset Management Inc	Casper	12.9%	$134.0 million
5	Harfst and Associates, Inc.	Sheridan	8.0%	$532.2 million
6	RW Baker Wealth Management Group LLC	Cheyenne	6.2%	$100.1 million
7	Markle Financial LLC	Laramie	1.3%	$132.4 million
8	Cypress Capital Management, LLC	Sheridan	-2.6%	$138.7 million

Top 100 in Wyoming

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 Wyoming, top 10
Rank	Firm	City	Increase
1	Golden State Wealth Management, LLC	Powell	$380.6 million
2	Elevate Wealth Management	Sheridan	$320.3 million
3	Integrity Financial Corporation	Jackson	$188.0 million
4	Copperline Wealth Management & Planning	Cody	$126.6 million
5	Harfst and Associates, Inc.	Sheridan	$61.5 million
6	Income Focus Portfolio Management	Jackson	$28.3 million
7	Traction Financial Partners	Encampment	$25.6 million
8	Gervais Capital Management, LLC	Wilson	$21.5 million
9	Markle Financial LLC	Laramie	$19.6 million
10	Cypress Capital Management, LLC	Sheridan	$19.3 million

Top 100 in Wyoming

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

Wealth firms with the most clients, including broker-dealer firms in Wyoming, top 10
Rank	Firm	City	Most clients
1	Unest Advisers, 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.	Laramie	20,394
2	Golden State Wealth Management, LLC	Powell	4,192
3	Integrity Financial Corporation	Jackson	1,815
4	Harfst and Associates, Inc.	Sheridan	539
5	Copperline Wealth Management & Planning	Cody	440
6	Traction Financial Partners	Encampment	338
7	Income Focus Portfolio Management	Jackson	306
8	Elevate Wealth Management	Sheridan	291
9	Markle Financial LLC	Laramie	265
10	O'Donnell Wealth Management	Cody	211

Top 100 in Wyoming

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 Wyoming, top 10
Rank	Firm	City	Growth	Starting value
1	Income Focus Portfolio Management	Jackson	12.5%	272
2	Golden State Wealth Management, LLC	Powell	7.8%	3,888
3	Unest Advisers, 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.	Laramie	6.5%	19,144
4	RW Baker Wealth Management Group LLC	Cheyenne	5.4%	186
5	Harfst and Associates, Inc.	Sheridan	2.7%	525
6	Cypress Capital Management, LLC	Sheridan	1.6%	193
7	Pinnacle West Asset Management Inc	Casper	-3.0%	101
8	Markle Financial LLC	Laramie	-3.3%	274
9	Traction Financial Partners	Encampment	-15.1%	398
10	Integrity Financial Corporation	Jackson	-16.5%	2,173

Top 100 in Wyoming

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

Wealth firms with the most accounts, including broker-dealer firms in Wyoming, top 10
Rank	Firm	City	Most accounts
1	Unest Advisers, 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.	Laramie	20,394
2	Golden State Wealth Management, LLC	Powell	7,029
3	Harfst and Associates, Inc.	Sheridan	1,539
4	Integrity Financial Corporation	Jackson	1,443
5	Traction Financial Partners	Encampment	818
6	Copperline Wealth Management & Planning	Cody	735
7	Elevate Wealth Management	Sheridan	638
8	Markle Financial LLC	Laramie	616
9	Income Focus Portfolio Management	Jackson	601
10	RW Baker Wealth Management Group LLC	Cheyenne	374

Top 100 in Wyoming

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

Wealth firms with the most advisory staff, including broker-dealer firms in Wyoming, top 10
Rank	Firm	City	Most advisory staff
1	Golden State Wealth Management, LLC	Powell	45
2	Fiduciary Capital Management LLC	Cheyenne	10
3	Traction Financial Partners	Encampment	6
4	Markle Financial LLC	Laramie	5
5	O'Donnell Wealth Management	Cody	4
6	Pinnacle West Asset Management Inc	Casper	3
6	Wealth Design Consulting, LLC	Laramie	3
6	Income Focus Portfolio Management	Jackson	3
6	HP Wealth Management LLC	Laramie	3
6	Elevate Wealth Management	Sheridan	3

Top 100 in Wyoming

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 Wyoming, top 10
Rank	Firm	City	Most high net worth clients
1	Golden State Wealth Management, LLC	Powell	1,655
2	Traction Financial Partners	Encampment	198
3	Integrity Financial Corporation	Jackson	164
4	Harfst and Associates, Inc.	Sheridan	130
5	Copperline Wealth Management & Planning	Cody	122
6	O'Donnell Wealth Management	Cody	95
7	Income Focus Portfolio Management	Jackson	83
8	RW Baker Wealth Management Group LLC	Cheyenne	70
9	Markle Financial LLC	Laramie	47
10	Pinnacle West Asset Management Inc	Casper	46

Top 100 in Wyoming

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

Wealth firms with the most CFP professionals, including broker-dealer firms in Wyoming, top 10
Rank	Firm	City	Most CFP professionals
1	Golden State Wealth Management, LLC	Powell	7
2	Integrity Financial Corporation	Jackson	3
2	Traction Financial Partners	Encampment	3
2	Elevate Wealth Management	Sheridan	3
5	Copperline Wealth Management & Planning	Cody	2
6	Teton Wealth Management, Inc.	Jackson	1
6	Harfst and Associates, Inc.	Sheridan	1
6	Income Focus Portfolio Management	Jackson	1
6	Finlayson Financial Planning, Inc.	Buffalo	1
6	Elevated Asset Management LLC	Jackson	1

Top 100 in Wyoming

Newest wealth firms, including broker-dealer firms

Newest wealth firms, including broker-dealer firms in Wyoming, top 10
Rank	Firm	City	Amount
1	Fiduciary Capital Management LLC	Cheyenne	$149.8 million
2	O'Donnell Wealth Management	Cody	$123.3 million
3	Redtail Management LLC	Casper	$32.1 million
4	Keller Investment Advisors LLC	Jackson	$5.7 million
5	Omnivest	Casper	$0
5	Alisio Capital Partners LLC	Not reported	$0
5	Durata Wealth Management	Alta	$0
5	Para Capital Group, LLC	Cheyenne	$0

Top 100 in Wyoming

Over time

From the SEC's yearly files: SEC-registered wealth firms based in Wyoming, 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	7
October 1, 2019	8
October 1, 2020	7
October 4, 2021	8
October 3, 2022	10
October 5, 2023	12
October 1, 2024	12
September 2, 2025	14
October 2, 2026	16

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	$2.3 billion
October 1, 2019	$2.4 billion
October 1, 2020	$3.6 billion
October 4, 2021	$4.5 billion
October 3, 2022	$6.3 billion
October 5, 2023	$2.2 billion
October 1, 2024	$2.7 billion
September 2, 2025	$3.2 billion
October 2, 2026	$6.1 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	7,419
October 1, 2019	8,799
October 1, 2020	11,399
October 4, 2021	14,065
October 3, 2022	19,771
October 5, 2023	6,254
October 1, 2024	6,718
September 2, 2025	26,189
October 2, 2026	35,395

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	$125.9 million
October 1, 2019	$119.0 million
October 1, 2020	$130.5 million
October 4, 2021	$138.7 million
October 3, 2022	$151.0 million
October 5, 2023	$142.6 million
October 1, 2024	$201.5 million
September 2, 2025	$207.3 million
October 2, 2026	$155.9 million

The market in Wyoming now

Headline figures

Headline figures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms	51	16	35
Regulatory assets under management	$6.7 billion	$6.1 billion	$666.3 million
Accounts	36,705	35,395	1,310
Clients	30,278	29,401	877
Employees	180	131	49
Advisory employees	131	90	41
Investment adviser representatives	146	111	35
Median RAUM	$40.6 million	$155.9 million	$24.1 million
Average RAUM	$164.6 million	$405.5 million	$25.6 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	27	1	26
RAUM of firms under $100 million	$711.9 million	$45.6 million	$666.3 million
Firms $100 million to $250 million	8	8	0
RAUM of firms $100 million to $250 million	$1.2 billion	$1.2 billion	$0
Firms $250 million to $500 million	3	3	0
RAUM of firms $250 million to $500 million	$971.1 million	$971.1 million	$0
Firms $500 million to $1 billion	2	2	0
RAUM of firms $500 million to $1 billion	$1.7 billion	$1.7 billion	$0
Firms $1 billion to $5 billion	1	1	0
RAUM of firms $1 billion to $5 billion	$2.2 billion	$2.2 billion	$0
Firms $5 billion to $10 billion	0	0	0
RAUM of firms $5 billion to $10 billion	$0	$0	$0
Firms $10 billion and up	0	0	0
RAUM of firms $10 billion and up	$0	$0	$0

Concentration

How much of the market the largest advisers hold.

Concentration, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Top 10 share of RAUM	81.9%	90.9%	70.5%

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: all wealth firmsAs of October 2, 2026.
Measure	Bar	Value
Charge a percentage of assets		90.2%
Charge hourly fees		45.1%
Charge subscription fees		2.0%
Charge fixed fees		49.0%
Receive commissions		0.0%
Charge performance-based fees		7.8%
Other compensation		17.6%

How advisers are paid, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Charge a percentage of assets	90.2%	100.0%	85.7%
Charge hourly fees	45.1%	50.0%	42.9%
Charge subscription fees	2.0%	0.0%	2.9%
Charge fixed fees	49.0%	56.3%	45.7%
Receive commissions	0.0%	0.0%	0.0%
Charge performance-based fees	7.8%	6.3%	8.6%
Other compensation	17.6%	12.5%	20.0%

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	17.6%	25.0%	14.3%

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	2.0%	6.3%	0.0%

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	8	3	5
Successions	No data	0	No data

Other measures

Other measures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms reporting RAUM	41	15	26
Discretionary RAUM	$6.2 billion	$5.6 billion	$561.1 million
CFP professionals	27	20	7
25th percentile RAUM	$17.8 million	$130.7 million	$7.6 million
75th percentile RAUM	$134.9 million	$341.4 million	$38.8 million
90th percentile RAUM	$320.3 million	$834.1 million	$47.6 million
Average account size	$183,880	$171,860	$508,650
Offer financial planning	72.5%	75.0%	71.4%
RAUM growth, one year	No data	89.7%	No data

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

Cities

Jackson 14 independent RIAs, $1.6 billion
Sheridan 6 independent RIAs, $1.2 billion
Cheyenne 5 independent RIAs, $310.7 million
Casper 5 independent RIAs, $304.9 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.