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CNBC charts the Top 100 fee-only wealth management firms

The CNBC Digital editorial team presents our inaugural list of the Top 100 Fee-Only Wealth Management Firms. Click here for the full firm financial and contact details.

Top 100 Fee-Only Wealth Management Firms

Rank
Firm Name
Total AUM
($ in millions)
Years In
Business
AUM
Annualized
5 yr (%)
Total
Rank
1 Creative Planning 10005.3 31 58.5 8.3
2 Halbert Hargrove 3974.6 26 29.7 8
3 Wescott Financial Advisory Group 1820.1 27 13.3 7.8
4 Burt Wealth Advisors 500.9 29 12.3 7.7
5 Point View Wealth Management 179.4 21 21.4 7.7
6 Adams Hall Wealth Advisors 2107.8 18 19.8 7.6
7 SMF Financial Advisors 552.5 6 32.6 7.6
8 Silveroak Wealth Management 489.7 13 23.8 7.6
9 Carl Domino 282.4 10 11.1 7.6
10 Regency Investment Advisors 274 21 16.2 7.6
11 Signature 3133.1 20 9.4 7.5
12 Inverness Counsel 2491.4 23 2.8 7.5
13 Foster Group 1456 23 15.5 7.5
14 Bloom Asset Management 1029.1 19 15 7.5
15 Lodestar Private Asset Management 359.8 24 11.8 7.5
16 Carlson Capital Management 1176.5 24 10.3 7.4
17 CPS Investment Advisors 754.8 25 17.2 7.4
18 Jackson Thornton Asset Management 777.5 12 13.8 7.4
19 Jones Barclay Boston & Co. 307.2 20 16.5 7.4
20 Financial Designs Corporation 266.1 19 17 7.4
21 Segall Bryant & Hamill 9468.1 20 18.3 7.3
22 BKD Wealth Advisors 1975.7 15 12.1 7.3
23 LB&C 2041 44 18.5 7.3
24 Warren Averett Asset Management 1729.5 13 35.5 7.3
25 LBMC Investment Advisors 904.2 16 25.6 7.3
26 Durbin Bennett Peterson Private Wealth Management 867.3 13 17 7.3
27 Capital Performance Advisors LLP 1006.6 14 14 7.3
28 Windham Brannon Financial Group 861 14 19.4 7.3
29 Heritage Investment Group 816.3 13 12.2 7.3
30 Sanderson Wealth Management 605 12 12.8 7.3
31 Lutz Financial 612 11 26.9 7.3
32 PBMares Wealth Management 340 11 29.8 7.3
33 KR Financial Services 307 11 23.9 7.3
34 Kraft Asset Management 216.9 8 19.9 7.3
35 Buckingham Asset Management 5601.4 7 31.9 7.2
36 Balasa Dinverno Foltz 2769.2 13 18.6 7.2
37 South Texas Money Management 2170.1 14 9.1 7.2
38 SignatureFD 2035.2 13 18.4 7.2
39 Waddell & Associates 771.5 28 18 7.2
40 Beaird Harris Wealth Management 656.7 18 21.4 7.2
41 Sandhill Investment Management 503.2 10 33.9 7.2
42 DT Investment Partners 494.3 3 18.6 7.2
43 Schenck Investment Solutions 481 12 19.8 7.2
44 Wagner Bowman Management Corp 389.1 28 7.5 7.2
45 Fiduciary Financial Services Of The Southwest 377 24 10.7 7.2
46 HBC Financial Services 193.5 9 21.3 7.2
47 Lowery Thomas 143 14 12.6 7.2
48 Matter Family Office 2487.7 24 28.9 7.1
49 Empirical Wealth Management 808.3 3 40.6 7.1
50 Grandfield & Dodd 885.5 13 8.5 7.1
51 AKT Wealth Advisors 674.2 6 26.8 7.1
52 PrairieView Partners 300.4 7 27.2 7.1
53 Kuntz Lesher Capital 297.7 8 21.2 7.1
54 Tellone Management Group 305.2 27 14.6 7.1
55 Mason Road Wealth Advisors 277.1 8 25.5 7.1
56 Pennington Financial Group 190.6 14 9.6 7.1
57 McCarthy Asset Management 173 12 15.9 7.1
58 Geller Family Office Services 2158.5 9 -12.2 7.05
59 Jacobsen Capital Management 161.3 10 19.9 7.05
60 Disciplined Investments 159.5 10 44.1 7.05
61 Brighton Jones 2517 14 17.8 7
62 Foster & Motley 913.2 18 14.3 7
63 Dean Investments 548.4 39 11.6 7
64 SB Capital Management 499.5 11 11.2 7
65 The Proper Analysis Corporation 328.3 22 11.6 7
66 Thor Investment Management 324.3 22 13.9 7
67 Asset Strategies 299.6 12 15.3 7
68 White Oaks Wealth Advisors 429.9 18 19.5 7
69 East Coast Asset Management 377.4 6 57.5 7
70 GreerWalker Wealth Management 327.2 12 10 7
71 William Mack & Associates 259.1 22 -2.8 7
72 Whitener Capital Management 151.5 27 11 7
73 Crowley Wealth Management 158.8 27 16.6 7
74 Pathstone Family Office 1812.9 5 54.2 6.95
75 Raffa Wealth Management 435.4 7 27.3 6.95
76 Kyle Financial Services 187.2 12 14.8 6.95
77 Mercer Global Advisors 5512.5 6 16.2 6.9
78 Smith & Howard Wealth Management 511.2 15 26.3 6.9
79 Lehman Financial Resources 418.5 8 8.6 6.9
80 Cranbrook Wealth Management 438.4 8 16.5 6.9
81 Rockbridge Investment Management 336.8 13 20.9 6.9
82 Grant/GrossMendelsohn 275.5 18 13.8 6.9
83 Alexander Randolph Advisory 271.2 23 7.2 6.9
84 Commonwealth Advisory Group 258.2 13 13.4 6.9
85 Weaver C. Barksdale & Associates 4055.6 30 6.2 6.85
86 TFO Phoenix 1317.1 3 105.3 6.85
87 New Wealth Advisors 275 8 48 6.85
88 The Golub Group 1014.6 11 14.3 6.8
89 GHP Investment Advisors 821.7 19 18.1 6.8
90 Valicenti Advisory Services 376.7 31 9 6.8
91 KEB Asset Management 336.2 10 20.9 6.8
92 Daniels + Tansey 263.3 10 9.4 6.8
93 Carter Asset Management 218.4 13 20.1 6.8
94 Investment Advisory Professionals 177 15 13.3 6.8
95 Tricapital Advisors 188.1 16 9.6 6.8
96 Pathway Financial Advisors 210.3 9 13.5 6.8
97 Red Door Wealth Management 102.9 4 52 6.8
98 Landmark Wealth Management 98.3 9 28.5 6.8
99 Onyx Financial Advisors 92.2 9 26.3 6.8
100 The Mosaic Financial Group 441.4 14 -5.8 6.75
CNBC/Meridian-IQ/AdviceIQ

Methodology

The CNBC Digital editorial team, along with Meridian-IQ, created the following ranking methodology for its Top 100 Fee-Only Wealth Management Firms rankings. Scores for each measure listed below were weighted according to a proprietary formula to arrive at a final total rank:

  • Assets under management
  • Having staff with professional designations such as a CFP or CFA
  • Working with third-party professionals such as attorneys or CPAs
  • Average account size
  • Client segmentation
  • Growth of assets
  • Years in business
  • Number of advisory clients
  • Providing advice on insurance solutions

Firms with greater AUM totals were given a higher ranking in the case of numerical ties of the above formula. The Meridian/AdviceIQ team then applied the formula to the Meridian-IQ database of all RIAs to create the list. The final step to create the Top 100 Fee-Only Wealth Management Firms list for CNBC.com was to apply the AdviceIQ Regulatory Compliance Review (RCR) process to the master list and eliminate any firm that failed the RCR process. The RCR process is a due-diligence process whereby each advisory firm was compared with the RCR database of all regulatory actions from all four primary regulators: SEC, FINRA, state regulators and state insurance commissioners. In order to pass the RCR process, an advisory firm cannot have any complaints, actions or disclosures from any of the above regulators.

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