Fidelity Brokerage Services
$1.5T reported client assets across 1,356 advisory firms in FY2025 annual amendments
Reported client assets over time
$154B
$1.6T
2017
2025
Same-firm comparison: 1,142 firms that reported Fidelity Brokerage Services in both FY2024 and FY2025 annual amendments (ADV Item 5.K.(3)). Fiscal years come directly from the SEC filing-type table; filing dates are not used as a year-end proxy. 2017, 2018, 2019, 2020, 2021, 2022 are shown but partial — only FY2017: 285 cohort firms, FY2018: 383 cohort firms, FY2019: 459 cohort firms, FY2020: 572 cohort firms, FY2021: 708 cohort firms, FY2022: 808 cohort firms.
| Advisory firm | RAUM at custodian | Firm total AUM | Share | As of |
|---|---|---|---|---|
| Fisher Asset Management, Llc | $74.0B | $387B | 19.1% | 02/11/2026 |
| Aqr Capital Management, Llc | $67.8B | $312B | 21.7% | 03/31/2026 |
| Focus Partners Wealth, Llc | $55.1B | $182B | 30.3% | 02/02/2026 |
| Onedigital Investment Advisors Llc | $45.2B | $155B | 29.1% | 04/01/2026 |
| Hightower Advisors, Llc | $40.1B | $199B | 20.2% | 03/31/2026 |
| Corient Private Wealth Lp | $38.5B | $165B | 23.3% | 03/31/2026 |
| Cambridge Investment Research Advisors, Inc. | $35.4B | $139B | 25.6% | 03/31/2026 |
| Ae Wealth Management, Llc | $29.5B | $49.8B | 59.2% | 03/31/2026 |
| Lido Advisors, Llc | $27.5B | $42.5B | 64.6% | 03/19/2026 |
| Orion Portfolio Solutions, Llc | $25.0B | $64.8B | 38.6% | 03/31/2026 |
| Brown Advisory Llc | $21.7B | $124B | 17.5% | 03/31/2026 |
| World Investment Advisors, Llc | $21.1B | $71.6B | 29.4% | 03/31/2026 |
| Mercer Global Advisors Inc. | $20.9B | $84.4B | 24.7% | 03/31/2026 |
| Sageview Advisory Group, Llc | $17.9B | $37.5B | 47.8% | 03/31/2026 |
| Mai Capital Management, Llc | $16.8B | $52.1B | 32.3% | 03/31/2026 |
| Usi Advisors, Inc. | $16.1B | $56.3B | 28.6% | 03/30/2026 |
| Rwa Wealth Partners, Llc | $14.5B | $19.8B | 73.2% | 03/31/2026 |
| Oxford Financial Group, Ltd. Llc | $14.1B | $23.3B | 60.5% | 03/31/2026 |
| Newedge Advisors, Llc | $13.8B | $43.2B | 32.0% | 03/31/2026 |
| Tiedemann Advisors, Llc | $13.2B | $31.0B | 42.6% | 03/27/2026 |
| Scs Capital Management Llc | $13.1B | $48.7B | 26.9% | 03/19/2026 |
| Pathstone Family Office, Llc | $12.5B | $110B | 11.3% | 03/31/2026 |
| Allworth Financial, L.P. | $12.3B | $33.6B | 36.7% | 03/20/2026 |
| Concurrent Investment Advisors, Llc | $11.1B | $15.7B | 70.9% | 03/24/2026 |
| Cibc Private Wealth Advisors, Inc. | $10.8B | $67.8B | 15.9% | 03/31/2026 |
| Dynasty Wealth Management, Llc | $9.1B | $13.9B | 65.5% | 03/30/2026 |
| Mission Wealth Management, Lp | $9.0B | $13.9B | 64.5% | 03/19/2026 |
| Baker Street Advisors, Llc | $8.3B | $20.8B | 39.8% | 03/31/2026 |
| Soltis Investment Advisors, Llc | $8.3B | $12.0B | 68.7% | 03/30/2026 |
| Cresset Asset Management, Llc | $8.2B | $78.9B | 10.4% | 03/27/2026 |
| Merit Financial Group, Llc | $7.7B | $23.9B | 32.4% | 03/31/2026 |
| Cw Advisors, Llc | $7.6B | $15.2B | 50.2% | 03/31/2026 |
| The Mather Group, Llc | $7.4B | $13.4B | 55.4% | 02/02/2026 |
| Coldstream Capital Management Inc | $7.4B | $13.9B | 53.3% | 03/30/2026 |
| Curi Capital, Llc | $7.2B | $11.6B | 62.6% | 03/31/2026 |
| Advisors Capital Management, Llc | $6.5B | $12.2B | 53.1% | 03/31/2026 |
| Citizens Private Wealth, Llc | $6.3B | $15.5B | 40.7% | 03/31/2026 |
| Signature Estate & Investment Advisors Llc | $6.1B | $22.5B | 27.1% | 03/31/2026 |
| Gc Wealth Management Ria, Llc | $5.7B | $5.8B | 96.9% | 03/31/2026 |
| Truepoint, Inc. | $5.5B | $6.4B | 86.3% | 03/20/2026 |
| 1919 Investment Counsel, Llc | $5.5B | $26.0B | 21.0% | 03/25/2026 |
| Waverly Advisors, Llc | $5.1B | $29.8B | 17.2% | 03/31/2026 |
| Simon Quick Advisors, Llc | $5.1B | $9.0B | 56.4% | 03/18/2026 |
| Allegheny Financial Group | $5.0B | $5.6B | 90.1% | 03/31/2026 |
| Mutual Advisors, Llc | $4.7B | $8.5B | 55.3% | 03/31/2026 |
| Private Advisor Group, Llc | $4.7B | $44.3B | 10.7% | 03/31/2026 |
| Hays Financial Group, Llc | $4.7B | $7.5B | 63.1% | 03/25/2026 |
| Arax Advisory Partners, Llc | $4.7B | $11.3B | 41.6% | 04/30/2026 |
| Osaic Advisory Services, Llc | $4.5B | $15.5B | 29.1% | 03/31/2026 |
| N | $4.5B | $4.6B | 96.2% | 03/19/2026 |
| Waldron Private Wealth, Llc | $4.4B | $5.5B | 79.9% | 03/31/2026 |
| Connecticut Wealth Management, Llc | $4.3B | $4.5B | 95.0% | 03/30/2026 |
| Smartx Advisory Solutions Llc | $4.0B | $27.0B | 15.0% | 03/31/2026 |
| Pallas Capital Advisors, Llc | $4.0B | $4.3B | 93.5% | 02/25/2026 |
| Stratos Wealth Partners, Ltd | $4.0B | $18.6B | 21.3% | 03/31/2026 |
| Sepio Capital, Lp | $3.9B | $5.6B | 69.5% | 03/31/2026 |
| Modera Wealth Management, Llc | $3.8B | $17.7B | 21.7% | 03/18/2026 |
| Composition Wealth, Llc | $3.8B | $9.5B | 40.1% | 03/27/2026 |
| Slavic Mutual Funds Management Corp. | $3.7B | $5.0B | 75.2% | 03/30/2026 |
| Crawford Investment Counsel Inc | $3.7B | $9.1B | 40.4% | 03/31/2026 |
| Vanguard Personalized Indexing Management | $3.7B | $11.4B | 32.5% | 03/30/2026 |
| Baker Avenue Asset Management, Lp | $3.7B | $5.1B | 72.3% | 03/30/2026 |
| Alera Investment Advisors, Llc | $3.6B | $5.3B | 67.6% | 03/30/2026 |
| Fifth Third Wealth Advisors Llc | $3.4B | $7.8B | 44.1% | 03/30/2026 |
| Essex Financial Services, Inc. | $3.4B | $4.2B | 81.5% | 10/30/2025 |
| Stratos Wealth Advisors Llc | $3.4B | $5.6B | 60.6% | 03/31/2026 |
| Congress Asset Management Company, Llp | $3.4B | $14.2B | 23.7% | 03/17/2026 |
| Newedge Wealth, Llc | $3.3B | $19.9B | 16.6% | 03/31/2026 |
| Zacks Investment Management, Inc. | $3.3B | $12.4B | 26.6% | 05/29/2025 |
| Venturi Wealth Management, Llc | $3.2B | $3.6B | 90.1% | 03/11/2026 |
| Robertson Stephens Wealth Management, Llc | $3.2B | $8.8B | 36.2% | 03/31/2026 |
| Midland Wealth Advisors, Llc | $3.2B | $3.2B | 100.0% | 03/26/2026 |
| Principle Wealth Partners Llc | $3.1B | $3.2B | 96.0% | 03/04/2026 |
| Sowell Financial Services, Llc | $3.0B | $4.8B | 62.2% | 03/25/2026 |
| Procyon Advisors, Llc | $2.9B | $9.2B | 31.2% | 03/30/2026 |
| Hb Wealth Management, Llc | $2.9B | $30.2B | 9.5% | 03/25/2026 |
| N | $2.8B | $3.1B | 91.1% | 02/04/2026 |
| Jb Capital Llc | $2.8B | $2.8B | 99.8% | 02/25/2026 |
| Daymark Wealth Partners, Llc | $2.8B | $5.0B | 54.7% | 02/06/2026 |
| Northwest Capital Management Inc | $2.7B | $8.5B | 32.3% | 02/26/2026 |
| Cyndeo Wealth Partners, Llc | $2.7B | $3.2B | 87.1% | 03/25/2026 |
| Parcion Private Wealth Llc | $2.7B | $3.0B | 91.5% | 03/03/2026 |
| Chas. P. Smith & Associates, Pa, Cpa's | $2.6B | $2.9B | 90.8% | 03/20/2026 |
| Stokes Family Office Llc | $2.6B | $3.4B | 78.1% | 03/31/2026 |
| Perigon Wealth Management, Llc | $2.6B | $11.3B | 23.0% | 03/30/2026 |
| Gentrust, Llc | $2.6B | $5.2B | 49.8% | 03/26/2026 |
| Williams Jones Wealth Management, Llc | $2.6B | $12.5B | 20.7% | 03/11/2026 |
| Advisor Partners Ii, Llc | $2.6B | $13.9B | 18.4% | 03/31/2026 |
| Icon Wealth Advisors, Llc | $2.6B | $2.6B | 99.3% | 03/31/2026 |
| Stratos Investment Management, Llc | $2.5B | $3.3B | 76.4% | 03/31/2026 |
| Apollon Wealth Management, Llc | $2.5B | $11.6B | 21.6% | 03/31/2026 |
| Belle Haven Investments, L.P. | $2.5B | $23.3B | 10.7% | 03/25/2026 |
| Certified Advisory Corp | $2.5B | $3.0B | 81.4% | 03/31/2026 |
| Reynders, Mcveigh Capital Management, Llc | $2.5B | $4.2B | 58.4% | 03/31/2026 |
| Mayflower Financial Advisors, Llc | $2.5B | $5.8B | 42.3% | 03/27/2026 |
| Procourse Fiduciary Advisors, Llc | $2.4B | $5.5B | 44.4% | 03/23/2026 |
| Horizon Kinetics Asset Management Llc | $2.4B | $9.6B | 25.3% | 03/31/2026 |
| Traynor Capital Management, Inc. | $2.4B | $2.4B | 99.7% | 03/24/2026 |
| Signaturefd, Llc | $2.4B | $9.7B | 24.6% | 03/30/2026 |
| Aptus Capital Advisors, Llc | $2.4B | $14.1B | 16.8% | 03/26/2026 |
From Form ADV Schedule D 5.K.(3): custodians named at the 10%-of-SMA-assets threshold, with reported dollar amounts. "Share" is reported amount as a share of the firm's total regulatory AUM.