Inside the Top 50 Fee-Only RIA Firms

Top 50 Fee-Only RIA Firms Top 50 Fee-Only RIA Firms

Here are Financial Planning Magazine's top 50 fee-only RIA firms for 2012.

In FP's annual listing of the top RIAs, we track the top 50 fee-only firms by assets under management. We left off firms with B-D affiliations or large stakes held by banks or other outside institutions, given the conflicts these arrangements often present.

50. R.M. Davis 50. R.M. Davis

Location: Portland, Maine
AUM (billions): $2.137
Accounts: 3,412
Employees: 35
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: rmdavis.com

49. Mill Creek Capital Advisors 49. Mill Creek Capital Advisors

Location: Conshohocken, Pa.
AUM (billions): $2.251
Accounts: 174
Employees: 15
Investment Advisors: 11-50
Custodian/ Clearing Firm: N/A
Website: millcreekcap.com

48. Karpus Investment Management 48. Karpus Investment Management

Location: Pittsford, N.Y.
AUM (billions): $2.255
Accounts: 1,967
Employees: 35
Investment Advisors: 11-50
Custodian/ Clearing Firm: N/A
Website: karpus.com

47. Douglas C. Lane & Associates 47. Douglas C. Lane & Associates

Location: New York
AUM (billions): $2.256
Accounts: 3,224
Employees: 31
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab, Fidelity
Website: dclainc.com

46. Homrich Berg 46. Homrich Berg

Location: Atlanta
AUM (billions): $2.267
Accounts: 3,523
Employees: 53
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab, TD Ameritrade, Fidelity
Website: homrichberg.com

45. Atherton Lane Advisers 45. Atherton Lane Advisers

Location: Menlo Park, Calif.
AUM (billions): $2.290
Accounts: 691
Employees: 33
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: athertonlane.com

44. Evanson Asset Managment 44. Evanson Asset Managment

Location: Carmel, Calif.
AUM (billions): $2.327
Accounts: 3,373
Employees: 4
Investment Advisors: 1-5
Custodian/ Clearing Firm: Schwab, Vanguard, Fidelity, Aegon, TD Ameritrade
Website: evansonasset.com

43. Silver Bridge 43. Silver Bridge

Location: Boston
AUM (billions): $2.340
Accounts: 1,984
Employees: 47
Investment Advisors: 11-50
Custodian/ Clearing Firm: N/A
Website: silverbridgeadv.com

42. Northeast Financial Consultants 42. Northeast Financial Consultants

Location: Westport, Conn.
AUM (billions): $2.351
Accounts: 1,535
Employees: 4
Investment Advisors: 1-5
Custodian/ Clearing Firm: Fidelity, Commonwealth Financial Network, Schwab
Website: None

41. RegentAtlantic Capital 41. RegentAtlantic Capital

Location: Morristown, N.J.
AUM (billions): $2.370
Accounts: 5,147
Employees: 32
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab, Fidelity, TD Ameritrade
Website: regentatlantic.com

40. Tolleson Private Wealth Management 40. Tolleson Private Wealth Management

Location: Dallas
AUM (billions): $2.411
Accounts: 2,220
Employees: 40
Investment Advisors: 11-50
Custodian/ Clearing Firm: Pershing, Schwab
Website: tollesonwealth.com

39. KCM Investment Advisors 39. KCM Investment Advisors

Location: San Rafael, Calif
AUM (billions): $2.447
Accounts: 1,829
Employees: 10
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab, TD Ameritrade
Website: kcmadvisors.com

38. Alaska Permanent Capital Management 38. Alaska Permanent Capital Management

Location: Anchorage, Alaska
AUM (billions): $2.463
Accounts: 346
Employees: 13
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab
Website: apcm.net

37. Cornerstone Advisors 37. Cornerstone Advisors

Location: Bellevue, Wash.
AUM (billions): $2.500
Accounts: 1,967
Employees: 50-500
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: buildbeyond.com

36. Washington Capital Management 36. Washington Capital Management

Location: Seattle
AUM (billions): $2.510
Accounts: 182
Employees: 48
Investment Advisors: 11-50
Custodian/ Clearing Firm: N/A
Website: wcmadvisors.com

35. CCM Investment Advisers 35. CCM Investment Advisers

Location: Columbia, S.C.
AUM (billions): $2.544
Accounts: 698
Employees: 15
Investment Advisors: 6-10
Custodian/ Clearing Firm: N/A
Website: ccminc.com

34. Geneva Capital Management 34. Geneva Capital Management

Location: Milwaukee
AUM (billions): $2.609
Accounts: 561
Employees: 21
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab
Website: genevacapitalmanagement.com

33. BPS Capital Management 33. BPS Capital Management

Location: Bloomington, Minn.
AUM (billions): $2.650
Accounts: 73
Employees: 8
Investment Advisors: 1-5
Custodian/ Clearing Firm: N/A
Website: bpscapital.com

32. Savant Capital Management 32. Savant Capital Management

Location: Rockford, Ill.
AUM (billions): $2.651
Accounts: 2,754
Employees: 86
Investment Advisors: 11-50
Custodian/ Clearing Firm: TD Ameritrade, Schwab, Fidelity, Vanguard
Website: savantcapital.com

31. Strategic Investment Counsel 31. Strategic Investment Counsel

Location: Dallas
AUM (billions): $2.722
Accounts: 47
Employees: 4
Investment Advisors: 1-5
Custodian/ Clearing Firm: TD Ameritrade
Website: strinco.com

30. NEPC 30. NEPC

Location: Cambridge, Mass
AUM (billions): $2.750
Accounts: 6
Employees: 188
Investment Advisors: 51-250
Custodian/ Clearing Firm: N/A
Website: nepc.com

29. Gofen and Glossberg 29. Gofen and Glossberg

Location: Chicago
AUM (billions): $2.774
Accounts: 2.675
Employees: 27
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: gofen.com

28. ICG Advisors 28. ICG Advisors

Location: Los Angeles
AUM (billions): $2.817
Accounts: 62
Employees: 18
Investment Advisors: 11-50
Custodian/ Clearing Firm: N/A
Website: icgadvisors.com

27. Seven Post Private Investment Office 27. Seven Post Private Investment Office

Location: San Francisco
AUM (billions): $2.818
Accounts: 394
Employees: 10
Investment Advisors: 6-10
Custodian/ Clearing Firm: N/A
Website: sevenpost.com

26. Altair Advisors 26. Altair Advisors

Location: Chicago
AUM (billions): $2.834
Accounts: 382
Employees: 32
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: altairadvisers.com

25. Bartlett & Co. 25. Bartlett & Co.

Location: Cincinnati
AUM (billions): $2.875
Accounts: 2,528
Employees: 45
Investment Advisors: 11-50
Custodian/ Clearing Firm: N/A
Website: bartlett1898.com

24. Churchill Management Group 24. Churchill Management Group

Location: Los Angeles
AUM (billions): $2.909
Accounts: 7,157
Employees: 37
Investment Advisors: 11-50
Custodian/ Clearing Firm: TD Ameritrade, Schwab
Website: churchillmangement.com

23. Ferguson Wellman Capital Management 23. Ferguson Wellman Capital Management

Location: Portland, Ore.
AUM (billions): $2.915
Accounts: 1,851
Employees: 39
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: fergusonwellman.com

22. Spruce Private Investors 22. Spruce Private Investors

Location: Stamford, Conn.
AUM (billions): $2,930
Accounts: 216
Employees: 17
Investment Advisors: 1-5
Custodian/ Clearing Firm: N/A
Website: spruceinvest.com

21. Strategic Capital Advisers 21. Strategic Capital Advisers

Location: Denver
AUM (billions): $2.982
Accounts: 163
Employees: 6
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab
Website: scadv.com

20. Wetherby Asset Managment 20. Wetherby Asset Managment

Location: San Francisco
AUM (billions): $3.013
Accounts: 3,140
Employees: 56
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: wetherby.com

19. Symmetry Partners 19. Symmetry Partners

Location: Glastonbury, Conn.
AUM (billions): $3.232
Accounts: 25,679
Employees: 70
Investment Advisors: 6-10
Custodian/ Clearing Firm: TD Ameritrade, Trust Company of America
Website: symmetrypartners.com

18. Fairpointe Capital 18. Fairpointe Capital

Location: Chicago
AUM (billions): $3.398
Accounts: 116
Employees: 11
Investment Advisors: 1-5
Custodian/ Clearing Firm: N/A
Website: fairpointecapital.com

17. Cornerstone Investment Partners 17. Cornerstone Investment Partners

Location: Atlanta
AUM (billions): $3.607
Accounts: 763
Employees: 18
Investment Advisors: 6-10
Custodian/ Clearing Firm: N/A
Website: cornerstone-ip.com

16. Ballentine Partners 16. Ballentine Partners

Location: Waltham, Mass.
AUM (billions): $3.621
Accounts: 2,497
Employees: 30
Investment Advisors: 11-50
Custodian/ Clearing Firm: Fidelity, Schwab
Website: ballentinepartners.com

15. Baker Street Advisors 15. Baker Street Advisors

Location: San Francisco
AUM (billions): $3.621
Accounts: 990
Employees: 25
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab, Fidelity
Website: bakerstreetadvisors.com

14. Gresham Partners 14. Gresham Partners

Location: Chicago
AUM (billions): $3.664
Accounts: 1,289
Employees: 27
Investment Advisors: 6-10
Custodian/ Clearing Firm: Fidelity
Website: greshampartners.com

13. Williams Jones & Associates 13. Williams Jones & Associates

Location: New York
AUM (billions): $3.698
Accounts: 2,637
Employees: 25
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab
Website: williamsjones.com

12. Fiduciary Counselling 12. Fiduciary Counselling

Location: St Paul, Minn.
AUM (billions): $3.724
Accounts: 1,149
Employees: 72
Investment Advisors: 1-5
Custodian/ Clearing Firm: Schwab
Website: fidcouns.com

11. Klingenstein Fields & Co. 11. Klingenstein Fields & Co.

Location: New York
AUM (billions): $3.877
Accounts: 1,707
Employees: 35
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab
Website: klingenstein.com

10. Mercer Global Advisors 10. Mercer Global Advisors

Location: Santa Barbara, Calif.
AUM (billions): $3.880
Accounts: 14,559
Employees: 88
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab, TD Ameritrade
Website: merceradvisors.com

9. Creative Planning 9. Creative Planning

Location: Leawood, Kan.
AUM (billions): $4.569
Accounts: 13,599
Employees: 45
Investment Advisors: 11-50
Custodian/ Clearing Firm: TD Ameritrade, Schwab
Website: thinkingbeyond.com

8. Appleton Partners 8. Appleton Partners

Location: Boston
AUM (billions): $4.891
Accounts: 2,759
Employees: 31
Investment Advisors: 11-50
Custodian/ Clearing Firm: Fidelity
Website: appletonpartners.com

7. Luminous Capital 7. Luminous Capital

Location: Los Angeles
AUM (billions): $5.341
Accounts: 2,365
Employees: 29
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab, Fidelity
Website: luminouscap.com

6. myCIO Wealth Partners 6. myCIO Wealth Partners

Location: Philadelphia
AUM (billions): $5.544
Accounts: 4,057
Employees: 29
Investment Advisors: 29
Custodian/ Clearing Firm: 11-50
Website: myciowp.com

5. Everett Harris & Co. 5. Everett Harris & Co.

Location: Los Angeles
AUM (billions): $5.568
Accounts: 1,201
Employees: 17
Investment Advisors: 6-10
Custodian/ Clearing Firm: Schwab
Website: everettharris.com

4. Ronald Blue & Co. 4. Ronald Blue & Co.

Location: Atlanta
AUM (billions): $6.440
Accounts: 15,721
Employees: 281
Investment Advisors: 51-250
Custodian/ Clearing Firm: Schwab, Fidelity
Website: ronblue.com

3. Aspiriant 3. Aspiriant

Location: Los Angeles
AUM (billions): $6.767
Accounts: 5,122
Employees: 114
Investment Advisors: 51-250
Custodian/ Clearing Firm: Schwab
Website: aspiriant.com

2. Shepherd Kaplan 2. Shepherd Kaplan

Location: Boston
AUM (billions): $7.735
Accounts: 1,485
Employees: 40
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab, Fidelity
Website: sk-llc.com

1. Oxford Financial Group 1. Oxford Financial Group

Location: Carmel, Ind.
AUM (billions): $10.007
Accounts: 5,800
Employees: 120
Investment Advisors: 11-50
Custodian/ Clearing Firm: Schwab, Fidelity
Website: ofgltd.com