3 Largest Registered Investment Advisors (RIAs) in New Jersey

2. Metlife Investment Management, LLC = ~$591B+ in AUM

Established in 2006, MetLife Investment Management, LLC serves institutional investors by combining a client-centric approach with extensive asset class expertise. Focused on managing public fixed income, private capital and real estate assets, MetLife aims to deliver strong, risk-adjusted returns by building tailored portfolio solutions. MetLife Investment Management is the institutional asset management business of MetLife, Inc., one of the world’s leading financial services companies. The firm's client-centric culture enables our dedicated team of investment professionals to singularly focus on creating the tailored solutions designed to help our clients meet their unique needs and objectives. MetLife Investment Management offers a variety of products and services intended solely for investors from certain countries or regions. Your country of legal residence then determines the products or services that are available to you.

Quick Hitters:

- Founded: 2006
- Headquarters: Whippany, Hanover, NJ
- Discretionary Assets: ~$494B+
- Non-Discretionary Assets: ~$6.3B+
- Total AUM: ~$501B+
- Specialties: Public fixed income, private capital and real estate assets

3. Managed Account Advisors, LLC = ~$446B+ in AUM

Founded in 2007, Managed Account Advisors, LLC is a Jersey City, New Jersey-based national financial advisory firm headquartered in Jersey City, NJ. The firm has approximately $446.6 billion under management and caters to various clients such as businesses and charitable organizations, but focuses mostly on high-net-worth families and individuals.

Quick Hitters:

- Founded: 2007
- Headquarters: Jersey City, NJ
- Discretionary Assets: ~$446B+
- Non-Discretionary Assets: $0
- Total AUM: ~$446B+
- Specialties: Portfolio management, asset allocation, brokerage and consulting services

RIA Review:

In general terms, a registered investment advisor (RIA) is a firm advising or managing the wealth of high-net-worth individuals or institutions. Directly regulated by the Securities Exchange Commission (SEC), RIAs offer a wide range of financial services — from wealth and investment management to direct lending and personal finance education, etc. An important distinction regarding RIAs is the fiduciary obligation to always act in the best interest of their clients.

For more information on RIAs, check out our recent blog post: Exploring the Registered Investment Advisor (RIA) Channel, or visit the FINTRX Resource Library below.