The Top Ten Financial Advisory Firms, Ranked

Malvern, PA · Est. 1975 · ~$8T+ group AUM; client-owned structure

• ·Client-owned mutual structure eliminates the profit conflict that affects every publicly traded rival. [Vanguard corporate structure disclosures]
• ·Largest or second-largest asset manager globally by verified AUM. [Pensions & Investments money manager survey]

Westlake, TX · Est. 1971 · ~$9T client assets; 35M+ accounts

• ·Largest verified retail brokerage asset base in the US with public audited reporting. [SCHW 10-K filings]
• ·Repeat top placements in investor satisfaction studies. [J.D. Power US Investor Satisfaction Study]

Boston, MA · Est. 1946 · ~$13T assets under administration

• ·Broadest verified combination of advisory, brokerage, and workplace retirement scale. [Fidelity corporate reports]
• ·Consistently top-ranked for online brokerage and advisor services. [J.D. Power / Barron's surveys]

St. Louis, MO · Est. 1922 · 15,000+ branch offices; ~$1.8T client assets

• ·Largest branch network of any US advisory firm, verified by office count. [Firm disclosures]
• ·Highest advisor-satisfaction and training scores in industry surveys. [J.D. Power Advisor Satisfaction Study]

New York, NY · Est. 1935 · ~$5T+ client assets

• ·Largest wirehouse wealth arm by verified client assets after the E*Trade integration. [Morgan Stanley quarterly reports]
• ·Deep bench of Barron's-ranked top advisors. [Barron's Top 1,200 Advisors]

New York, NY · Est. 1914 · Bank of America subsidiary; ~$3.5T balances

• ·Verified integration with the largest US retail bank provides unique banking-advisory depth. [Bank of America annual report]
• ·Large contingent of Barron's top-ranked advisory teams. [Barron's rankings]

Milwaukee, WI · Est. 1857 · Largest US life insurer by direct premiums

• ·Highest financial-strength ratings of any US life insurer, verified across all four major rating agencies. [AM Best / Moody's / S&P / Fitch]
• ·165+ years of continuous dividend payments to policyholders. [Company dividend history]

New York, NY (US) · Est. 1998 · US arm of the largest global wealth manager

• ·Parent group is the largest wealth manager in the world by verified invested assets. [UBS annual report]
• ·Strong ultra-high-net-worth coverage documented in industry studies. [Scorpio Partnership / Cerulli data]

Minneapolis, MN · Est. 1894 · ~$1.4T AUM/A; 10,000+ advisors

• ·Largest verified independent advisor network outside the wirehouses. [Ameriprise 10-K]
• ·Repeat top scores in client-satisfaction research. [J.D. Power studies]

St. Petersburg, FL · Est. 1962 · ~$1.5T client assets; 8,700+ advisors

• ·Consistently among the highest advisor-retention rates in the industry. [Firm disclosures / industry surveys]
• ·60+ years of uninterrupted public-company growth record. [RJF filings]