The Largest Independent RIAs by AUM in Every State - 2026

Independent RIAs continue to grow in size and influence across the U.S., with many firms now managing tens or even hundreds of billions in client assets. This state-by-state list highlights the largest independent registered investment advisor in each state based on total assets under management (AUM).

Where This Data Comes From

This ranking is powered by FINTRX's proprietary private wealth intelligence, which tracks detailed data across more than 45,000 RIA and broker-dealer firms. The list is comprised of firms classified as independent registered investment advisors headquartered in each state. All asset data referenced in the list is based on the latest ADV filings as of 5/20/2026.

This exclusive FINTRX dataset offers invaluable insights for:

→ Asset managers identifying and prioritizing the largest independent RIAs in each market
→ ETF issuers targeting firms with significant advisor distribution scale and purchasing power
→ Wealthtech innovators mapping enterprise-level RIA prospects across the country
→ Recruiters and aggregators monitoring the industry’s largest independent platforms

Want to Go Deeper?

While identifying the largest RIAs by state is a useful starting point, high-performing distribution teams need deeper context to prioritize opportunities effectively.

With FINTRX, teams can analyze RIAs using intelligence far beyond headline AUM figures, including:

•  Advisor and executive contact data
•  Holdings and portfolio exposure
•  ETF adoption trends
•  Custodian relationships
•  Firm growth indicators
•  Breakaway advisor activity
•  M&A and acquisition history
•  Technology stack data
•  Geographic expansion trends
•  AI-powered prospecting insights

Instead of simply targeting the largest firms, teams can identify:

•  The largest firms adopting active ETFs
•  Fast-growing RIAs within a specific region
•  Firms holding competitor products
•  RIAs expanding through acquisition
•  Advisors aligned with a specific investment strategy

This creates a far more targeted and scalable approach to wealth management distribution.

If you’d like to explore this dataset in more detail or see the full range of advisor intelligence available within FINTRX, contact us to request a demo. We’re happy to walk through how this data can be applied to research, distribution, and go-to-market strategies across the wealth management ecosystem.