2022 TOTAL ASSETS RANK |
FIRM NAME |
LOCATION |
YEAR END 2022 ASSETS ($ MM )* |
% GROWTH IN ASSETS 2021-2022 |
ASSETS PER CLIENT ($ MM )** |
% GROWTH IN ASSETS PER CLIENT |
% CHANGE IN NO . OF CLIENTS |
ASSET CATEGORY : $ 1 BILLION AND OVER 1 CAPTRUST Raleigh , N . C . 777,297.74 18.66 % 28.57 -2.55 % 21.77 % 2 Edelman Financial Engines Boston , Mass . 241,970.18 -16.66 % 0.18 -17.30 % 0.76 % 3 SageView Advisory Group Newport Beach , Calif . 156,399.42 -11.31 % 35.50 -25.52 % 19.08 % 4 Hightower Advisors Chicago , Ill . 105,230.21 1.55 % 2.39 -15.33 % 19.94 % 5 Fort Washington Investment Advisors Cincinnati , Ohio 71,037.80 3.76 % 137.67 -0.67 % 4.45 % 6 Mariner Wealth Advisors Overland Park , Kan . 65,874.57 18.84 % 1.81 -1.64 % 20.82 % 7 Wealth Enhancement Advisory Services Plymouth , Minn . 56,392.71 7.19 % 1.15 -14.26 % 25.02 % 8 CIBC Private Wealth Advisors Atlanta , Ga . 47,518.25 -31.87 % 4.93 -36.92 % 8.00 % 9 Cerity Partners New York , N . Y . 40,433.57 51.38 % 3.57 6.92 % 41.59 % 10 Fiducient Advisors Chicago , Ill . 40,020.77 5.66 % 62.73 -3.94 % 10.00 % 11 Kayne Anderson Rudnick Investment Mgmt . Los Angeles , Calif . 33,531.27 -29.06 % 1.26 -34.93 % 9.01 % 12 Moneta St . Louis , Mo . 30,651.38 -6.80 % 4.46 -13.65 % 7.93 % 13 Silvercrest Asset Management Group New York , N . Y . 28,904.99 -10.57 % 34.37 -7.06 % -3.78 % 14 Evoke Advisors † Los Angeles , Calif . 24,940.07 -2.04 % 28.87 -9.41 % 8.14 % 15 Pathstone Englewood , N . J . 24,835.86 9.87 % 16.04 -28.39 % 53.42 % 16 Advanced Capital Group Minneapolis , Minn . 24,700.48 -17.04 % 72.22 -22.14 % 6.54 % 17 Cresset Asset Management Chicago , Ill . 24,611.93 7.16 % 9.79 -31.72 % 56.93 % 18 BBR Partners New York , N . Y . 24,081.60 -7.26 % 136.83 -8.32 % 1.15 % 19 Beacon Pointe Advisors Newport Beach , Calif . 23,245.73 -1.81 % 1.66 -12.45 % 12.15 % 20 Segall Bryant & Hamill Chicago , Ill . 22,239.08 -13.27 % 12.11 -13.89 % 0.71 % 21 Buckingham Strategic Wealth Saint Louis , Miss . 22,079.59 -3.41 % 1.78 -16.36 % 15.49 % 22 Carson Wealth Omaha , Neb . 19,943.56 -0.03 % 2.19 -12.09 % 13.72 % 23 AE Wealth Management Topeka , Kan . 19,248.84 -1.99 % 0.23 -18.72 % 20.57 % 24 The Colony Group Boston , Mass . 18,829.21 1.02 % 2.78 -12.81 % 15.86 % 25 Wealthspire Advisors New York , N . Y . 18,772.10 7.59 % 2.65 -1.81 % 9.57 % 26 1919 Investment Counsel New York , N . Y . 17,378.99 -14.65 % 9.41 7.81 % -20.84 % 27 Bahl & Gaynor Cincinnati , Ohio 17,102.53 -4.99 % 20.46 -12.04 % 8.01 % 28 Plante Moran Financial Advisors Southfield , Mich . 16,742.52 -15.55 % 4.85 -19.54 % 4.95 % 29 Johnson Investment Counsel Cincinnati , Ohio 16,313.91 -13.06 % 3.46 -19.39 % 7.85 % 30 MAI Capital Management Cleveland , Ohio 15,773.43 9.64 % 2.23 -25.81 % 47.79 % 31 Oxford Financial Group Carmel , Ind . 15,587.91 -8.65 % 21.92 -10.71 % 2.30 % 32 Allworth Financial Folsom , Calif . 14,880.81 7.97 % 0.76 -14.05 % 25.62 % 33 Newport Capital Group Red Bank , N . J . 14,665.99 -11.49 % 63.77 -23.04 % 15.00 % 34 Lido Advisors Los Angeles , Calif . 13,102.07 18.55 % 2.79 -8.19 % 29.13 % 35 Aspiriant Los Angeles , Calif . 12,969.47 -16.20 % 5.90 -20.01 % 4.76 % 36 Homrich Berg Atlanta , Ga . 12,528.31 13.04 % 3.39 -12.41 % 29.06 % 37 Choreo Minneapolis , Minn . 12,190.11 26.60 % 1.94 -22.38 % 63.10 % 38 Appleton Partners Boston , Mass . 12,139.35 -2.97 % 1.78 -5.66 % 2.85 % 39 WE Family Offices Miami , Fla . 12,056.43 -9.91 % 113.74 -18.41 % 10.42 % 40 myCIO Wealth Partners Philadelphia , Pa . 12,007.38 1.41 % 13.88 -2.22 % 3.72 % 41 Signature Estate & Investment Advisors Los Angeles , Calif . 11,665.90 -5.75 % 0.68 -12.04 % 7.15 % 42 Evercore Wealth Management New York , N . Y . 10,537.12 -13.51 % 14.68 -17.25 % 4.51 % 43 Clearstead Advisors Cleveland , Ohio 10,227.85 -8.89 % 8.95 -12.72 % 4.38 % 44 Mason Investment Advisory Services Reston , Va . 10,094.48 5.95 % 10.72 1.68 % 4.20 % 45 CliftonLarsonAllen Wealth Advisors Minneapolis , Minn . 10,090.00 -3.35 % 1.55 -9.30 % 6.56 % 46 Gresham Partners Chicago , Ill . 9,527.15 0.11 % 78.74 -8.99 % 10.00 % 47 Brighton Jones Seattle , Wash . 9,458.38 -5.89 % 3.64 -12.81 % 7.93 % 48 Williams Jones Wealth Management New York , N . Y . 9,325.07 -14.87 % 6.73 -16.03 % 1.39 % 49 IRA Group Atlanta , Ga . 9,075.04 -7.85 % 35.73 -10.02 % 2.42 % 50 GW & Wade Wellesley , Mass . 8,902.73 -14.43 % 2.53 -16.52 % 2.50 %
* Discretionary and nondiscretionary AUM can be found in FA ’ s online version and Form ADV . ** Average assets per client relationship . † AUM is the combined totals for Evoke Advisors and Advanced Research Services ( merged as of May 2020 ). †† Firm started in 2022 .
JULY / AUGUST 2023 | FINANCIAL ADVISOR MAGAZINE | 33