ThinkAdvisor has reported on the latest report issued by SmartAsset covering the fastest-growing RIAs. SmartAsset's report highlights the top 100 fastest-growing RIAs in the U.S. The firms had to meet specific criteria to be included: they must offer financial planning services, manage at least $500 million in regulatory assets under management (RAUM), and have no disclosures on their Form ADV. Firms involved in mergers or acquisitions were not eligible.
According to ThinkAdvisor, the report ranked firms based on their one-year and three-year growth in both RAUM and client numbers, using data from the SEC. The analysis covered the period between August 2023 and August 2024 for the one-year rankings and from August 2021 to August 2024 for the three-year rankings.
Here are the top 12 fastest-growing RIAs:
Provenance Wealth Advisors (Fort Lauderdale, FL): RAUM: $2.6 billion
- 1-year RAUM change: 319.7%
- 3-year RAUM change: 376.2%
- 1-year client growth: 1,794.4%
- 3-year client growth: 1,987.8%
Oakridge Management Group (Darien, CT): RAUM: $1.1 billion
- 1-year RAUM change: 81.7%
- 3-year RAUM change: 141.3%
- 1-year client growth: 73.4%
- 3-year client growth: 2,120%
Veratis Advisor (Cary, NC): RAUM: $4.4 billion
1-year RAUM change: 20.3%
- 3-year RAUM change: 3,154.7%
- 1-year client growth: -9.8%
- 3-year client growth: 51%
Mayflower Advisors (Boston, MA): RAUM: $4.7 billion
- 1-year RAUM change: 355.9%
- 3-year RAUM change: 420%
- 1-year client growth: 2.2%
- 3-year client growth: 31%
PGI Wealth Management (Milton, GA): RAUM: $934 million
- 1-year RAUM change: 262.9%
- 3-year RAUM change: 323.5%
- 1-year client growth: 82.4%
- 3-year client growth: 155.6%
Talon Private Wealth (The Villages, FL): RAUM: $843 million
- 1-year RAUM change: 2%
- 3-year RAUM change: 411.3%
- 1-year client growth: 117.2%
- 3-year client growth: 1,403.9%
BOS Asset Management (Springfield, IL): RAUM: $797 million
- 1-year RAUM change: 17.6%
- 3-year RAUM change: 582.1%
- 1-year client growth: 20%
- 3-year client growth: 1,209.9%
Cetera Investment Advisers (Schaumburg, IL): RAUM: $104.5 billion
- 1-year RAUM change: 213.2%
- 3-year RAUM change: 268.8%
- 1-year client growth: 139.3%
- 3-year client growth: 226.4%
Hays Financial Group (Edina, MN): RAUM: $5.1 billion
- 1-year RAUM change: 61.5%
- 3-year RAUM change: 1,075.3%
- 1-year client growth: -23.8%
- 3-year client growth: 656%
Odeon Capital Advisors (New York, NY): RAUM: $613 million
- 1-year RAUM change: 33.6%
- 3-year RAUM change: 1,646.8%
- 1-year client growth: 237.5%
- 3-year client growth: 92.9%
Strategic Wealth Investment Group (Louisville, KY): RAUM: $900 million
- 1-year RAUM change: 43.5%
- 3-year RAUM change: 305%
- 1-year client growth: 325.8%
- 3-year client growth: 856.4%
Wedmont Private Capital (West Chester, PA): RAUM: $1.6 billion
- 1-year RAUM change: 54.3%
- 3-year RAUM change: 1,026.2%
- 1-year client growth: 36.2%
- 3-year client growth: 527.1%
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