The monetary advisory business includes a variety of corporations that serve a wide range of shoppers. Some companies are enormous networks of advisors, managing a whole lot of billions in shopper property; others are boutique outfits constructed by a small group of advisors.
Advisory companies are sometimes grouped and ranked based on their complete property underneath administration. In a report launched Friday, SmartAsset took a distinct tack, rating some 5,800 companies registered with the Securities and Alternate Fee by their common account balances.
In keeping with the report, the common account stability is greater than $2.7 million for all sorts of accounts, together with these of huge institutional shoppers. The median account stability is $386,646.
The examine thought of regulatory property underneath administration in discretionary and non-discretionary accounts. Account sorts embrace particular person trusts, estates, 401(ok) plans and particular person retirement accounts, however not enterprise organizations.
Researchers included companies in the event that they had been headquartered in the US, provide monetary planning companies, have reported regulatory property underneath administration and monitor securities portfolios. They excluded ones that had any disclosures on their Kind ADV, or in the event that they had been headquartered from their private residence.
See the accompanying gallery for the 15 monetary advisory companies with the most important common regulatory AUM per account, based on SmartAsset.