Research Report · 2026-06-30
Top Registered Investment Advisers by Government Clients
SEC-registered investment advisers ranked by reported state, municipal, and government clients.
Firms
933
Total AUM
$77.39T
Median AUM
$6.13B
Latest Filing
2026-06-30
| Rank↕ | Firm Name | CRD↕ | Government Clients↕ | AUM↕ | Employees↕ | Latest Filing | |
|---|---|---|---|---|---|---|---|
| 1 | CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. | 134139 | 2,948 | $138.69B | 3,527 | 2026-06-30 | → |
| 2 | EMPOWER ADVISORY GROUP, LLC | 112058 | 2,400 | $195.43B | 8,051 | 2026-06-30 | → |
| 3 | MORGAN STANLEY SMITH BARNEY LLC | 149777 | 1,423 | $1.96T | 29,481 | 2026-06-30 | → |
| 4 | ENVESTNET ASSET MANAGEMENT, INC. | 111694 | 769 | $614.93B | 532 | 2026-06-30 | → |
| 5 | U.S. BANCORP ASSET MANAGEMENT, INC. | 111912 | 664 | $427.48B | 322 | 2026-03-31 | → |
| 6 | AMERIPRISE FINANCIAL SERVICES, LLC | 6363 | 540 | $660.47B | 14,056 | 2026-06-30 | → |
| 7 | MEEDER PUBLIC FUNDS, INC. | 106816 | 529 | $70.16B | 77 | 2026-06-30 | → |
| 8 | HUB INVESTMENT PARTNERS, LLC | 307956 | 482 | $11.88B | 172 | 2026-06-30 | → |
| 9 | KINDRED SPIRITS INVESTMENT MANAGEMENT, LLC | 171615 | 371 | $9.68B | 9 | 2026-02-28 | → |
| 10 | UBS FINANCIAL SERVICES INC. | 8174 | 357 | $915.79B | 12,524 | 2026-06-30 | → |
| 11 | CSM ADVISORS, LLC | 306128 | 320 | $11.65B | 44 | 2026-05-31 | → |
| 12 | COMMONWEALTH EQUITY SERVICES, LLC | 8032 | 300 | $212.66B | 4,200 | 2026-05-31 | → |
| 13 | EHLERS INVESTMENT PARTNERS, LLC | 146385 | 281 | $3.17B | 13 | 2025-09-30 | → |
| 14 | CBIZ INVESTMENT ADVISORY SERVICES, LLC | 286002 | 243 | $12.76B | 93 | 2026-03-31 | → |
| 15 | SFAM, LLC | 145026 | 239 | $896.5M | 6 | 2026-03-31 | → |
| 16 | CHANDLER ASSET MANAGEMENT INC | 107287 | 236 | $45.31B | 54 | 2026-03-31 | → |
| 17 | RBC CAPITAL MARKETS, LLC | 31194 | 215 | $310.43B | 8,781 | 2026-06-30 | → |
| 18 | CREATIVE PLANNING, LLC | 105348 | 199 | $295.57B | 1,650 | 2026-03-31 | → |
| 19 | RETIREMENT PLAN ADVISORS, LLC | 122758 | 176 | $3.54B | 47 | 2026-03-31 | → |
| 20 | VOYA RETIREMENT ADVISORS, LLC | 3989 | 175 | $37.47B | 121 | 2026-03-31 | → |
| 21 | LOOMIS, SAYLES & COMPANY, L.P. | 105377 | 171 | $386.88B | 728 | 2026-03-31 | → |
| 22 | J.P. MORGAN INVESTMENT MANAGEMENT INC. | 107038 | 155 | $3.52T | 3,194 | 2026-06-30 | → |
| 23 | CALLAN LLC | 107687 | 151 | $41.94B | 202 | 2026-03-31 | → |
| 24 | GARCIA HAMILTON & ASSOCIATES LP | 108017 | 148 | $24.86B | 41 | 2026-03-31 | → |
| 25 | JANNEY MONTGOMERY SCOTT LLC | 463 | 145 | $110.11B | 2,404 | 2026-06-30 | → |
| 26 | UBS ASSET MANAGEMENT (AMERICAS) LLC | 106838 | 141 | $588.22B | 574 | 2026-03-31 | → |
| 27 | MEKETA INVESTMENT GROUP INC | 110601 | 125 | $9.99B | 248 | 2026-03-31 | → |
| 28 | RHUMBLINE ADVISERS LTD PARTNERSHIP | 107151 | 124 | $136.48B | 32 | 2026-03-31 | → |
| 29 | RAYMOND JAMES & ASSOCIATES, INC. | 705 | 117 | $500.96B | 16,780 | 2026-06-30 | → |
| 30 | STERLING CAPITAL MANAGEMENT LLC | 135405 | 112 | $69.23B | 186 | 2026-03-31 | → |
| 31 | BAKER TILLY WEALTH MANAGEMENT, LLC | 167811 | 111 | $4.60B | 32 | 2026-01-31 | → |
| 32 | PACIFIC INVESTMENT MANAGEMENT COMPANY LLC | 104559 | 108 | $3.67T | 1,968 | 2026-05-31 | → |
| 33 | PRUDENT MAN ADVISORS, LLC | 301973 | 108 | $30.59B | 157 | 2026-04-30 | → |
| 34 | USI ADVISORS, INC. | 108113 | 107 | $56.28B | 79 | 2026-03-31 | → |
| 35 | HIGHLAND CAPITAL MANAGEMENT, LLC | 104842 | 107 | $3.83B | 21 | 2026-03-31 | → |
| 36 | SHUSTER ADVISORY GROUP, LLC | 170233 | 103 | $10.32B | 15 | 2026-05-31 | → |
| 37 | MORETON ASSET MANAGEMENT, LLC | 133417 | 103 | $4.71B | 5 | 2026-01-31 | → |
| 38 | FIDELITY PERSONAL AND WORKPLACE ADVISORS LLC | 288590 | 102 | $818.78B | 15,424 | 2025-03-31 | → |
| 39 | WELLINGTON MANAGEMENT COMPANY LLP | 106595 | 95 | $1.43T | 1,868 | 2026-03-31 | → |
| 40 | T. ROWE PRICE ASSOCIATES, INC. | 105496 | 92 | $2.20T | 3,760 | 2026-03-31 | → |
| 41 | STRATEGIC ADVISERS LLC | 104555 | 92 | $1.37T | 17,112 | 2026-03-31 | → |
| 42 | STANCORP INVESTMENT ADVISERS, INC. | 110228 | 91 | $34.50B | 81 | 2026-03-31 | → |
| 43 | MELLON INVESTMENTS CORPORATION | 105764 | 89 | $873.87B | 98 | 2026-05-31 | → |
| 44 | EARNEST PARTNERS LLC | 107926 | 88 | $42.61B | 47 | 2026-06-30 | → |
| 45 | MADISON INVESTMENT ADVISORS, LLC | 110297 | 83 | $13.84B | 92 | 2026-03-31 | → |
| 46 | PRINCIPAL GLOBAL INVESTORS, LLC | 109002 | 78 | $427.71B | 1,394 | 2026-05-31 | → |
| 47 | ROBERT W. BAIRD & CO. INCORPORATED | 8158 | 76 | $394.07B | 4,322 | 2026-04-30 | → |
| 48 | VALLEY VIEW CONSULTING LLC | 108583 | 76 | $16.40B | 11 | 2026-04-30 | → |
| 49 | MATSON MONEY, INC. | 110425 | 75 | $24.33B | 69 | 2026-05-31 | → |
| 50 | ROBINSON CAPITAL MANAGEMENT, LLC | 166182 | 74 | $1.54B | 10 | 2026-02-28 | → |
| 51 | NEPC, LLC | 110562 | 73 | $152.72B | 379 | 2026-05-31 | → |
| 52 | GOVERNMENT PORTFOLIO ADVISORS LLC | 170384 | 73 | $35.09B | 10 | 2026-03-31 | → |
| 53 | PUBLIC TRUST ADVISORS, LLC | 159189 | 71 | $104.24B | 157 | 2026-04-30 | → |
| 54 | PRIVATE ADVISOR GROUP, LLC | 155216 | 67 | $44.33B | 674 | 2026-06-30 | → |
| 55 | ACADIAN ASSET MANAGEMENT LLC | 106609 | 66 | $177.46B | 375 | 2026-05-31 | → |
| 56 | ALLSPRING GLOBAL INVESTMENTS, LLC | 104973 | 65 | $475.78B | 956 | 2026-05-31 | → |
| 57 | CETERA INVESTMENT ADVISERS LLC | 105644 | 65 | $256.81B | 10,251 | 2026-06-30 | → |
| 58 | ENVESTNET RETIREMENT SOLUTIONS, LLC | 171570 | 65 | $16.30B | 24 | 2026-06-30 | → |
| 59 | WELLS FARGO CLEARING SERVICES, LLC | 19616 | 64 | $671.42B | 18,895 | 2026-06-30 | → |
| 60 | NOMURA ASSET MANAGEMENT CO., LTD. | 110814 | 64 | $601.79B | 960 | 2026-06-30 | → |
| 61 | GIRARD PENSION SERVICES, LLC | 117901 | 62 | $733.8M | 15 | 2026-03-31 | → |
| 62 | WORLD INVESTMENT ADVISORS, LLC | 208512 | 61 | $56.28B | 413 | 2026-03-31 | → |
| 63 | ASCO FINANCIAL GROUP, INC. | 124395 | 61 | $173.2M | 2 | 2026-03-31 | → |
| 64 | HILLTOP SECURITIES ASSET MANAGEMENT, LLC | 110760 | 60 | $37.70B | 31 | 2026-03-31 | → |
| 65 | STACEY BRAUN ASSOCIATES INC | 105056 | 60 | $5.50B | 17 | 2026-03-31 | → |
| 66 | BAILLIE GIFFORD OVERSEAS LTD | 110296 | 57 | $144.00B | 1,583 | 2026-05-31 | → |
| 67 | DANA INVESTMENT ADVISORS INC | 105879 | 57 | $6.08B | 60 | 2026-03-31 | → |
| 68 | CONRAD SIEGEL INVESTMENT ADVISORS, INC. | 123560 | 56 | $10.12B | 23 | 2025-09-30 | → |
| 69 | R.V. KUHNS & ASSOCIATES, INC. | 18005 | 56 | $827.9M | 127 | 2026-06-30 | → |
| 70 | BLACKROCK FINANCIAL MANAGEMENT, INC | 107105 | 54 | $1.60T | 7,987 | 2026-06-30 | → |
| 71 | DODGE & COX | 104596 | 54 | $466.56B | 336 | 2026-04-30 | → |
| 72 | LAZARD ASSET MANAGEMENT LLC | 122836 | 54 | $120.52B | 532 | 2026-03-31 | → |
| 73 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 173961 | 54 | $65.60B | 388 | 2026-04-30 | → |
| 74 | VOYA INVESTMENT MANAGEMENT CO. LLC | 106494 | 52 | $274.95B | 859 | 2026-03-31 | → |
| 75 | PRINCIPAL REAL ESTATE INVESTORS, LLC | 109008 | 52 | $105.65B | 477 | 2026-05-31 | → |
| 76 | MARQUETTE ASSOCIATES, INC. | 21572 | 52 | $47.06B | 147 | 2026-05-31 | → |
| 77 | MFS INSTITUTIONAL ADVISORS INC. | 107144 | 51 | $113.59B | 1,311 | 2026-03-31 | → |
| 78 | WCM INVESTMENT MANAGEMENT, LLC | 104702 | 51 | $96.77B | 102 | 2026-03-31 | → |
| 79 | SAGE ADVISORY SERVICES LTD CO | 106236 | 51 | $28.43B | 58 | 2026-03-31 | → |
| 80 | CAPFINANCIAL PARTNERS, LLC | 175112 | 49 | $1.24T | 1,841 | 2026-05-31 | → |
| 81 | ALLIANCEBERNSTEIN L.P. | 108477 | 49 | $763.40B | 4,204 | 2026-03-31 | → |
| 82 | SEIZERT CAPITAL PARTNERS, LLC | 108954 | 48 | $2.48B | 17 | 2026-02-28 | → |
| 83 | STIFEL, NICOLAUS & COMPANY, INCORPORATED | 793 | 47 | $197.53B | 6,478 | 2026-06-30 | → |
| 84 | GALLIARD CAPITAL MANAGEMENT, LLC | 106487 | 47 | $80.27B | 89 | 2026-03-31 | → |
| 85 | WALTER SCOTT & PARTNERS LIMITED | 112161 | 47 | $66.67B | 162 | 2026-03-31 | → |
| 86 | ZIONS CAPITAL ADVISORS, INC. | 131308 | 45 | $830.8M | 14 | 2026-03-31 | → |
| 87 | NEUBERGER BERMAN INVESTMENT ADVISERS LLC | 124687 | 44 | $398.65B | 1,542 | 2026-03-31 | → |
| 88 | NUVEEN ASSET MANAGEMENT, LLC | 155584 | 44 | $280.48B | 381 | 2026-03-31 | → |
| 89 | INCOME RESEARCH + MANAGEMENT | 104863 | 44 | $130.65B | 218 | 2026-03-31 | → |
| 90 | FOCUS PARTNERS WEALTH, LLC | 159289 | 42 | $181.86B | 1,915 | 2026-04-30 | → |
| 91 | PAYDEN & RYGEL | 107160 | 42 | $158.23B | 194 | 2026-03-31 | → |
| 92 | BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC | 110783 | 42 | $65.44B | 157 | 2026-05-31 | → |
| 93 | ATLANTA CAPITAL MANAGEMENT COMPANY, L.L.C. | 116719 | 42 | $28.64B | 35 | 2026-03-31 | → |
| 94 | XPONANCE LLC | 111126 | 42 | $24.27B | 46 | 2026-04-30 | → |
| 95 | METLIFE INVESTMENT MANAGEMENT, LLC | 142463 | 41 | $563.78B | 956 | 2026-05-31 | → |
| 96 | SAWGRASS ASSET MANAGEMENT LLC | 108831 | 41 | $2.05B | 15 | 2026-04-30 | → |
| 97 | PNC CAPITAL ADVISORS LLC | 151829 | 40 | $50.88B | 258 | 2026-03-31 | → |
| 98 | BOYD WATTERSON ASSET MANAGEMENT, LLC | 107808 | 40 | $18.81B | 140 | 2026-03-31 | → |
| 99 | THREE BEARINGS FIDUCIARY ADVISORS, INC. | 283926 | 40 | $350.7M | 4 | 2026-03-31 | → |
| 100 | FIAM LLC | 133196 | 39 | $347.73B | 196 | 2026-03-31 | → |
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