As the RIA channel grows and evolves, independent advisors are serving an increasingly wealthy clientele.
According to the most recent RIA Benchmarking Study from San Francisco-based Charles Schwab, the average client relationship increased in size from $1.6 million in 2015 to $1.8 million in 2016.
In Financial Advisor’s RIA Survey and Ranking 2017, CAPTRUST, a Raleigh, N.C.-based firm with large wealth management and retirement plan advisory businesses, topped the list in terms of size with more than $213 billion AUM.
But CAPTRUST was short of the top 10 in terms of highest assets per client. With an average client relationship size of $52.32 million, the firm fell $10 million short of the 10th spot on Financial Advisor's list.
The following slideshow lists, in ascending order, the name, location and assets per client for the top 10 RIA's in Financial Advisor's survey in terms of assets per client.
10. Veritable – Newton Square, Pa. – $65.32 million
9. Finaccess Advisors – Miami – $72.57 million
8. WE Family Offices – Miami – $76.31 million
7. Delegate Advisors – San Francisco – $86.96 million
6. BBR Partners – New York – $99.87 million
5. Zeke Capital Partners – Berwyn, Pa. – $121.07 million
4. Athena Capital Advisors – Lincoln, Mass. – $127.87 million
3. Northside Capital Management – Hood River, Ore. – $163.88 million
2. Hall Capital Partners – San Francisco – $223.94 million
1. Advanced Research Investment Solutions – Beverly Hills, Calif. – $246.91 million
