Falists | Find Financial Advisors Near You
Public SEC data · 29,400 advisers<br>Compare financial advisors near you<br>Search by city, state, specialty, or business structure. We separate corporate platforms (large groups like Vanguard) from local advisory teams (LLCs, sole props) so you know what you're comparing.<br>All specialtiesWealth ManagementFinancial PlanningTrusts & EstatesRetirement PlanningInstitutionalAll firm typesAdvisory firms (teams)Corporate platformsAll legal structuresLLC advisersCorporationsSole proprietorsLimited partnershipsLLP advisersPartnerships<br>Search advisors<br>Browse by stateTop citiesFull market statistics →
Market analysis<br>Market snapshot: corporate platforms vs. advisory teams
Updated Jun 24, 2026
Falists tracks 29,400 SEC-registered investment advisers across 2,958 U.S. cities. Combined disclosed assets under management exceed $164.66T, with a median firm size of $128.2M — meaning most advisers are boutique or regional, while a smaller set of corporate platforms hold the majority of assets.<br>102% of firms charge AUM-based fees, making it the dominant compensation model. 45% offer financial planning services, and 85% list a public website on Form ADV. The typical advisory team has 18.7 investment adviser representatives, though 24% operate as one-person shops.
Analysis derived from public SEC Form ADV data. Not investment advice. Run npm run generate-analysis with OPENAI_API_KEY for AI-enhanced summaries.
Browse by business structure<br>Corporations are often large platforms (e.g. Vanguard Group). LLCs and sole props are typical adviser teams.<br>Advisory firmsLLC · LP · sole propCorporate platformsInc · large groups<br>LLC29,502Corporation8,504Sole prop1,145LP1,971LLP552Partnership67
Market at a glance<br>Live aggregates from SEC IAPD filings
All stats →<br>Registered advisers<br>29,400<br>53 states · 2,958 cities
Combined AUM<br>$164.66T<br>74% of firms disclose
Median firm AUM<br>$128.2M<br>Typical reported size
AUM-based fees<br>102%<br>Most common fee structure
Financial planning<br>45%<br>13,314 firms
With website<br>85%<br>24,894 list a URL
Avg team size<br>18.7<br>24% are solo shops
Clean IAPD record<br>96%<br>No disciplinary history flagged
How advisers charge<br>Fee types from Form ADV — search by what matters to you.<br>AUM-based29,887 (102%)
Not disclosed9,941 (34%)
Hourly1,470 (5%)
Mixed / other906 (3%)
Fixed / subscription842 (3%)
See full fee breakdown →
What they specialize in<br>Common service categories investors search for.<br>Wealth30,306 (103%)
Trusts21,322 (73%)
Planning18,594 (63%)
Institutional11,888 (40%)
Retirement8,932 (30%)
Search by specialty →
Top adviser cities<br>Biggest local markets by firm count.<br>1NEW YORKNY2,644<br>2SAN FRANCISCOCA760<br>3DALLASTX571<br>4CHICAGOIL526<br>5BOSTONMA512<br>6HOUSTONTX439<br>View all top cities →
Top adviser states<br>Where the most RIAs are registered.<br>1California5,013<br>2New York3,702<br>3Texas2,480<br>4Florida2,034<br>5Massachusetts1,194<br>6Illinois1,148<br>Browse all states →
Top corporate platforms<br>Incorporated asset managers & groups — not local adviser teams
View all →<br>1VANGUARD GROUP INC$11.09T2VANGUARD CAPITAL MANAGEMENT, LLC$8.44T3BLACKROCK FUND ADVISORS$4.28T4CAPITAL RESEARCH AND MANAGEMENT COMPANY$3.75T5PACIFIC INVESTMENT MANAGEMENT COMPANY LLC$3.67T
Top advisory firms<br>LLCs, partnerships & sole props — typical teams investors hire
View all →<br>1FIDELITY MANAGEMENT & RESEARCH COMPANY LLC$5.69T2VANGUARD PORTFOLIO MANAGEMENT, LLC$2.66T3MORGAN STANLEY$1.96T4WELLINGTON MANAGEMENT COMPANY LLP$1.43T5STRATEGIC ADVISERS LLC$1.37T
Explore top firms<br>Largest advisers with public websites — slot #1 reserved for partners
Advanced search →<br>Ad spot<br>Sponsored placement<br>Your firm could be here<br>Be the first listing investors see on the Falists homepage. We track every view, profile click, and outbound visit — so you know exactly what you get.<br>✓Top-of-page placement above organic listings<br>✓Click & outbound link analytics per market<br>✓Direct website link with Falists attribution<br>View advertising details →Email for pricing
Corporate platformCorporationWebsite listed<br>VANGUARD GROUP INC<br>Malvern, PA
AUM<br>$11.09T
Based in PA<br>Wealth Mgmt<br>Portfolio management (investment companies)<br>Selection of other advisers<br>Publication of periodicals<br>Team<br>19 advisors
Clients
Fees<br>Percentage of AUM; ALLOCATED SHARE OF VANGUARD'S TOTAL COST OF OPERATIONS
View detailsVisit website
Advisory firmLLCWebsite listed<br>FIDELITY MANAGEMENT & RESEARCH COMPANY LLC<br>Boston, MA
AUM<br>$5.69T
Licensed in AL, AK, AZ +48 states<br>ALAKAZARCACO+45<br>Wealth MgmtTrusts & Estates<br>Portfolio management (individuals)<br>Portfolio management (investment companies)<br>Portfolio management (pooled vehicles)<br>Team<br>744 advisors
Clients
Fees<br>Percentage of AUM · Fixed fees +2 more
View detailsVisit website
Corporate platformCorporationWebsite listed<br>BLACKROCK FUND ADVISORS<br>San Francisco, CA
AUM<br>$4.28T
Licensed in AL, AK, AZ +50 states<br>ALAKAZARCACO+47<br>Wealth MgmtInstitutional<br>Portfolio management (investment companies)<br>Portfolio management (pooled vehicles)<br>Portfolio...