Bloomberg Markets ranked active U.S. registered investment advisers that provide financial planning services based on the data they reported to the Securities and Exchange Commission.* The ranking excludes firms that operate as or are affiliated with broker-dealers, banks, or thrifts; trust or insurance companies; or firms with employees who are registered representatives of broker-dealers. We also excluded firms that take commissions, sell financial products, or operate as real estate agents, lawyers, insurance brokers, or accountants. We did not consider multifamily offices.
Advisers listed in the Bloomberg rankings obtained more than 75 percent of their assets under management from high-net-worth individuals. Up to 25 percent of their AUM was from any of the following sources: investment and business development companies; pooled investment vehicles; pension and profit-sharing plans; charitable organizations, corporations, or other businesses; state or municipal government entities; other investment advisers; and/or investors that the RIAs described in the filings as “other.”
*For 2015 Recognitions: Data as of June 1, 2015 and filings as of June 2, 2014, for year-over-year comparisons. For 2014 Recognitions: Data as of June 2, 2014 and filings as of June 3, 2013, for year-over-year comparisons.