Find FA's in your local area

Falists has compiled data on 29,400 SEC-registered investment advisers across 2,958 U.S. cities, with combined disclosed assets under management exceeding $164.66 trillion. The analysis reveals that 102% of firms charge AUM-based fees, 45% offer financial planning, and the median firm size is $128.2 million, indicating a mix of boutique and large corporate platforms.

Falists tracks 29,400 SEC-registered investment advisers across 2,958 U.S. cities. Combined disclosed assets under management exceed $164.66T, with a median firm size of $128.2M — meaning most advisers are boutique or regional, while a smaller set of corporate platforms hold the majority of assets. 102% of firms charge AUM-based fees, making it the dominant compensation model. 45% offer financial planning services, and 85% list a public website on Form ADV. The typical advisory team has 18.7 investment adviser representatives, though 24% operate as one-person shops. Analysis derived from public SEC Form ADV data. Not investment advice. Run npm run generate-analysis with OPENAI API KEY for AI-enhanced summaries.