With data provided by the FINTRX Registered Investment Advisor & Broker Dealer Intelligence Platform, we have compiled the RIA Industry Spotlight series to provide insights into the current trends and key players in the dynamic RIA landscape. In this edition, we highlight five wealth management firms that have experienced more than 20% AUM growth over the past year. For the purpose of this spotlight, we are focusing on firms that have fewer than 100 employees and were founded within the last 10 years.
- Founded: 2017
- Headquarters: Houston, TX
- Estimated AUM: $889.6M
- Total Employees: 16
- Registered Reps: 14
- Client Base: Individual & Family; Institutional
- Fee Structure: Percentage of AUM; Fixed Fees
Arkos Global Advisors is a wealth management firm headquartered in Houston, TX with additional offices in New Jersey and Georgia that specializes in providing advisory services to a diverse clientele that includes high-net-worth individuals, individuals, charitable organizations, and businesses. Managing approximately $889.6 million in assets exclusively on a discretionary basis, Arkos has witnessed substantial growth in total AUM, with a 30% increase since 2022. The firm's client base primarily consists of high-net-worth individuals, accounting for 72% of its total assets. Arkos Global Advisors is committed to delivering comprehensive wealth management solutions and well-defined strategies to safeguard and grow their clients' wealth, employing a team of 14 registered advisors to help clients meet their financial goals. Founded by Jeff Thomas in 2017, Arkos Global Advisors is positioned to offer a range of services, including financial planning, consulting, investment management, and more, to meet the unique needs of its clients.
- Founded: 2018
- Headquarters: Austin, TX
- Estimated AUM: $676.8M
- Discretionary AUM: $82M
- Non-Discretionary AUM: $594.8M
- Total Employees: 15
- Registered Reps: 9
- Client Base: Individual & Family; Institutional
- Fee Structure: Percentage of AUM; Fixed Fees; Performance-Based Fees
Capital Creek Partners, headquartered in Austin, TX, is a distinguished wealth advisory firm with a presence in San Antonio and Houston, TX. Specializing in providing advisory services to high-net-worth individuals, individuals, and pooled investment vehicles, the firm manages a total of $82.0 million on a discretionary basis and $594.8 million in non-discretionary assets, reflecting a significant 33% growth in assets under management since 2022. Capital Creek Partners primarily draws its capital from corporations and other businesses, which now account for 55% of its total assets, and custodies its assets with Fidelity. The firm offers strategic advice and wealth management across diversified asset classes, both public and private, with a commitment to integrity, humility, and excellence. Co-founded by Robert Gauntt, Mike Miller, and Brett Ashley Barth in 2018, Capital Creek Partners aims to create generational value for its partner families and organizations, aligning its interests with those of its clients in every investment endeavor.
- Founded: 2019
- Headquarters: San Francisco, CA
- Estimated AUM: $675.7M
- Total Employees: 78
- Registered Reps: 55
- Client Base: Individual & Family; Institutional
- Fee Structure: Percentage of AUM
Farther is a forward-thinking wealth management firm that combines modern technology with the personalized approach of experienced wealth advisors to help clients achieve their financial goals. The firm was founded in 2019 by Taylor Matthews and Brad Genser and is headquartered in San Francisco, CA. Farther provides a range of financial services to its clientele, made up primarily of individuals, and leverages a team of 55 registered advisors to drive success for their clients. Managing approximately $675.7 million exclusively on a discretionary basis, the firm has seen an astounding 373% growth in assets under management over the past year. Farther's mission is to leverage a cutting-edge technological approach to revolutionize wealth management and create an efficient, comprehensive, and elite client experience. The firm closed a $15 million Series A in August of 2022 and a $31 million Series B last month, underscoring a high rate of success over its four years as well as a commitment to shaping the future of the industry.
- Founded: 2020
- Headquarters: Stamford, CT
- Estimated AUM: $6.9B
- Discretionary AUM: $6.5B
- Non-Discretionary AUM: $452M
- Total Employees: 80
- Registered Reps: 70
- Client Base: Individual & Family; Institutional
- Fee Structure: Percentage of AUM; Fixed Fees; Commissions
Based in Stamford, CT, NewEdge Wealth is a dynamic wealth management firm offering its advisory services to high-net-worth individuals, individuals, and pension & profit sharing plans. With additional offices across the United States, the firm provides a range of financial services, including financial planning, portfolio management for individuals and businesses, pension consulting, and advisor selection. Managing approximately $6.47 billion on a discretionary basis and $452.0 million in non-discretionary assets, NewEdge Wealth has experienced a remarkable 59% growth in assets under management since 2022. The firm's client base predominantly consists of high-net-worth individuals, who currently account for 87% of the firm's total assets. NewEdge Wealth was established in 2020 by co-founders Robert Sechan, Walter Granruth III, Jeffrey Kobernick, and John Straus Jr. and is committed to providing innovative and customizable wealth management solutions, leveraging its partnership with EdgeCo Holdings to deliver institutional-caliber services with a boutique approach to service and support.
- Founded: 2017
- Headquarters: Milwaukee, WI
- Estimated AUM: $805.7M
- Discretionary AUM: $574.6M
- Non-Discretionary AUM: $231.2M
- Total Employees: 11
- Registered Reps: 7
- Client Base: Individual & Family; Institutional
- Fee Structure: Percentage of AUM; Fixed Fees
Operose Advisors, founded in 2017 by Nicholas Bauer, is a Milwaukee-based firm dedicated to bringing institutional-quality wealth management principles to individuals, families, trusts, and closely-held businesses, offering access to top-tier investment consulting and advisory services. Their mission centers on delivering investment excellence, exceptional client service, and growth across their operations, and they take a disciplined and patient approach to investment selection and capital allocation, tailoring portfolios to meet each client's unique needs, risk tolerance, and objectives. The firm manages both discretionary and non-discretionary assets for their clients, and has grown their total assets under management (AUM) by an impressive 52% over the past year. Operose employs a team of seven registered advisors who offer a range of services, including IPS development, investment manager selection, portfolio construction, and retirement plan consulting, and the firm currently custodies all of its assets with Charles Schwab. Operose Advisors is committed to helping its clients achieve their financial goals through thoughtful, long-term strategies that span domestic and foreign investment opportunities.
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